v3.26.1
Schedule of Balances of and Changes in the Liability for Future Policy Benefits (Details) - Traditional And Limited Payment Life [Member] - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Effects of Reinsurance [Line Items]    
Balance, beginning of year $ 250,450,302 $ 252,828,339
Beginning balance at original discount rate 250,331,770 258,790,212
Effect of changes in cash flow assumptions
Effect of actual variances from expected experience [1] (3,405,648) (3,096,557)
Adjusted beginning of year balance 246,926,122 255,693,655
Issuances 12,049,636 13,385,026
Interest accrual 2,951,697 3,092,598
Net premiums collected [2] (12,686,388) (12,953,003)
Ending balance at original discount rate 249,241,067 259,218,276
Effect of changes in discount rate assumptions (3,606,047) (3,196,885)
Balance, end of period 245,635,020 256,021,391
Balance, beginning of year 831,839,700 800,812,826
Beginning balance at original discount rate 867,177,517 858,516,933
Effect of actual variances from expected experience [1] (2,090,326) (1,872,267)
Adjusted beginning of year balance 865,087,191 856,644,666
Issuances 12,084,657 13,473,915
Interest accrual 10,380,153 10,298,015
Benefit payments (17,940,051) (17,455,096)
Ending balance at original discount rate 869,611,950 862,961,500
Effect of changes in discount rate assumptions (53,598,477) (46,816,274)
Balance, end of period 816,013,473 816,145,226
Net liability for future policy benefits, pre-flooring 570,379,368 560,112,641
Flooring impact, end of period (915) 11,194
Net liability for future policy benefits, post-flooring 570,378,453 560,123,835
Less: Receivable from reinsurers 9,053,706 9,262,372
Net liability for future policy benefits, after reinsurance $ 561,324,747 $ 550,861,463
[1] For the three months ended March 31, 2026, and 2025, the net effect of actual variances from expected experience was primarily due to lapses. Actual mortality and surrenders were close to expected.
[2] Net premiums collected represent the portion of gross premiums collected from policyholders that is used to fund expected benefit payments.