<ARTICLE> 7

                                                         
<PERIOD-TYPE>                         YEAR                     YEAR
<FISCAL-YEAR-END>                       DEC-31-1999             DEC-31-1998
<PERIOD-END>                            DEC-31-1999             DEC-31-1998
<DEBT-HELD-FOR-SALE>                     30,191,357               1,505,406
<DEBT-CARRYING-VALUE>                   144,751,111             174,240,848
<DEBT-MARKET-VALUE>                     142,675,019             179,885,379
<EQUITIES>                                2,165,556               2,087,416
<MORTGAGE>                               15,483,772              10,941,614
<REAL-ESTATE>                            17,102,165              10,529,183
<TOTAL-INVEST>                          226,981,619             215,407,582
<CASH>                                   21,027,804              26,378,463
<RECOVER-REINSURE>                       39,923,392              40,529,901
<DEFERRED-ACQUISITION>                    5,127,536               6,324,548
<TOTAL-ASSETS>                          339,160,528             343,196,283
<POLICY-LOSSES>                                   0                       0
<UNEARNED-PREMIUMS>                               0                       0
<POLICY-OTHER>                          244,934,013             247,763,615
<POLICY-HOLDER-FUNDS>                    18,832,224              19,663,114
<NOTES-PAYABLE>                           5,917,969               9,529,138
<PREFERRED-MANDATORY>                             0                       0
<PREFERRED>                                       0                       0
<COMMON>                                     79,405                  49,809
<OTHER-SE>                               43,297,267              25,311,502
<TOTAL-LIABILITY-AND-EQUITY>            339,160,528             343,196,283
<PREMIUMS>                               21,581,143              26,396,077
<INVESTMENT-INCOME>                      14,529,537              15,042,287
<INVESTMENT-GAINS>                         (530,894)             (1,119,156)
<OTHER-INCOME>                              477,325                 566,192
<BENEFITS>                               21,288,885              25,472,374
<UNDERWRITING-AMORTIZATION>               2,893,898               6,450,529
<UNDERWRITING-OTHER>                     10,018,775              15,079,677
<INCOME-PRETAX>                           1,855,553              (6,117,180)
<INCOME-TAX>                               (690,454)              4,624,032
<INCOME-CONTINUING>                       1,075,909                (679,492)
<DISCONTINUED>                                    0                       0
<EXTRAORDINARY>                                   0                       0
<CHANGES>                                         0                       0
<NET-INCOME>                              1,075,909                (679,492)
<EPS-BASIC>                                    0.38                   (0.39)
<EPS-DILUTED>                                  0.38                   (0.39)
<RESERVE-OPEN>                                    0                       0
<PROVISION-CURRENT>                               0                       0
<PROVISION-PRIOR>                                 0                       0
<PAYMENTS-CURRENT>                                0                       0
<PAYMENTS-PRIOR>                                  0                       0
<RESERVE-CLOSE>                                   0                       0
<CUMULATIVE-DEFICIENCY>                           0                       0