| Liability for Future Policy Benefit, Activity [Table Text Block] |
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(Unaudited) June 30, 2026
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(Unaudited) June 30, 2025
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Present Value of
Net Premiums
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Present Value of
Benefits
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Present Value of
Net Premiums
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Present Value of
Benefits
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Balance, beginning of year
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$ |
131,056,717 |
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$ |
235,345,739 |
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$ |
133,088,475 |
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$ |
228,572,260 |
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Effect of changes in discount rate
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|
9,629,855 |
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26,509,627 |
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10,348,860 |
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28,154,664 |
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Beginning balance at original discount rate
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$ |
140,686,572 |
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$ |
261,855,366 |
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$ |
143,437,335 |
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$ |
256,726,924 |
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Effect of changes in cash flow considerations
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- |
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- |
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- |
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- |
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Effect of actual variances from expected
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(4,123,461 |
) |
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(4,443,005 |
) |
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(4,381,905 |
) |
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(4,590,224 |
) |
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Trued-Up balance
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$ |
136,563,111 |
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$ |
257,412,361 |
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$ |
139,055,430 |
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$ |
252,136,700 |
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New issuances
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11,338,161 |
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11,699,407 |
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9,945,072 |
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10,267,140 |
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Net premium collected
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(9,430,363 |
) |
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- |
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(9,408,157 |
) |
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- |
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Interest accrual
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3,057,894 |
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5,753,272 |
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3,083,956 |
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5,624,767 |
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Withdrawal/surrenders
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- |
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(1,329,970 |
) |
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- |
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(1,179,973 |
) |
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Benefit payments
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- |
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(8,170,804 |
) |
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- |
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(7,517,117 |
) |
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Ending balance at original discount rate
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$ |
141,528,804 |
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$ |
265,364,265 |
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$ |
142,676,301 |
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$ |
259,331,518 |
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Effect of changes in discount rate
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(20,442,687 |
) |
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(38,666,101 |
) |
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(19,200,500 |
) |
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(36,450,274 |
) |
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Balance, end of year
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$ |
121,086,117 |
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$ |
226,698,164 |
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$ |
123,475,801 |
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$ |
222,881,244 |
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Reinsurance recoverable
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$ |
730,617 |
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$ |
751,315 |
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Net liability for future policy benefits
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$ |
104,881,429 |
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$ |
98,654,128 |
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Deferred profit liability
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$ |
2,385,885 |
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$ |
2,210,250 |
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(Unaudited)
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June 30, 2026
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December 31, 2025
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Future policy benefits meeting ASU 2018-12 standards
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$ |
105,612,046 |
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$ |
104,289,022 |
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Reinsurance recoverable
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(730,617 |
) |
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(744,285 |
) |
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Subtotal
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104,881,429 |
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103,544,737 |
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Deferred profit liability
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2,385,885 |
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|
2,449,123 |
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Total future policy benefits meeting ASU 2018-12 standards
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107,267,314 |
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105,993,860 |
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Future policy benefits not meeting ASU 2018-12 standards:
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Participating life insurance contracts not on contribution basis
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30,405,668 |
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26,321,494 |
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Reduced paid up and extended term life insurance contracts
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7,943,839 |
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7,916,928 |
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Other
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1,692,259 |
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1,703,169 |
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Total future policy benefits not meeting ASU 2018-12 standards
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40,041,766 |
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35,941,591 |
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Future policy benefit reinsurance ceded
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7,080,607 |
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7,293,356 |
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Total future policy benefits
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$ |
154,389,687 |
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$ |
149,228,807 |
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(Unaudited) June 30, 2026
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Undiscounted
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Original Present Value
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Current Present Value
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Gross premiums
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$ |
309,932,156 |
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$ |
227,140,185 |
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$ |
194,806,763 |
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Benefits
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420,054,328 |
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265,364,265 |
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|
226,698,164 |
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December 31, 2025
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Undiscounted
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Original Present Value
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Current Present Value
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Gross premiums
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$ |
294,949,116 |
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$ |
226,864,424 |
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$ |
211,608,008 |
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Benefits
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408,757,275 |
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261,855,366 |
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235,345,739 |
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(Unaudited)
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June 30, 2026
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Weighted-average interest rate
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Original discount rate
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4.03 |
% |
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Current discount rate
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5.31 |
% |
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December 31, 2025
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Weighted-average interest rate
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Original discount rate
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4.15 |
% |
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Current discount rate
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5.32 |
% |
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(Unaudited) June 30, 2026
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Weighted-average duration of the liability
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Original duration of the liability in years
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14.07 |
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Current duration of the liability in years
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13.43 |
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December 31, 2025
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Weighted-average duration of liability
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Original duration of the liability in years
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13.86 |
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Current duration of the liability in years
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13.27 |
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(Unaudited) June 30, 2026
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Amount Inforce
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Mortality
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Lapsation
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Total
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Expected
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$ |
803,590,701 |
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$ |
8,667,732 |
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$ |
2,702,371 |
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$ |
11,370,103 |
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Expected rate
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1.08 |
% |
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|
0.34 |
% |
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|
1.41 |
% |
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Actual
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|
$ |
803,590,701 |
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|
$ |
8,170,804 |
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$ |
1,329,970 |
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$ |
9,500,774 |
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Actual rate
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1.02 |
% |
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0.17 |
% |
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|
1.18 |
% |
|
Actual to expected ratio
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|
94.27 |
% |
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|
49.21 |
% |
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|
83.56 |
% |
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|
(Unaudited) June 30, 2025
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Amount Inforce
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Mortality
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Lapsation
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Total
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Expected
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$ |
729,050,161 |
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$ |
7,352,374 |
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$ |
2,302,451 |
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$ |
9,654,824 |
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Expected rate
|
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|
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|
1.01 |
% |
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|
0.32 |
% |
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|
1.32 |
% |
|
Actual
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|
$ |
729,050,161 |
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|
$ |
7,517,117 |
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|
$ |
1,181,941 |
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$ |
8,699,058 |
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Actual rate
|
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|
|
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|
1.03 |
% |
|
|
0.16 |
% |
|
|
1.19 |
% |
|
Actual to expected ratio
|
|
|
|
|
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|
102.24 |
% |
|
|
51.33 |
% |
|
|
90.10 |
% |
|