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9) Income Taxes: Schedule of components of Deferred Tax Liabilities (Tables)
 12 Months Ended
Dec. 31, 2017
Tables/Schedules  
Schedule of components of Deferred Tax Liabilities

 

December 31

2017

2016

Assets

Future policy benefits

 $  (6,803,339)

 $    (9,719,058)

Loan loss reserve

        (697,779)

         (288,590)

Unearned premium

        (886,706)

      (1,519,722)

Available for sale securities

        (237,677)

           (51,266)

Net operating loss

        (631,892)

      (1,531,160)

Deferred compensation

     (1,600,401)

      (2,225,208)

Deposit obligations

        (627,193)

      (1,033,580)

Other

        (276,127)

      (3,384,144)

Less: Valuation allowance

                   -

          431,802

Total deferred tax assets

   (11,761,114)

     (19,320,926)

Liabilities

Deferred policy acquisition costs

     13,700,093

      18,150,517

Basis difference in property and equipment

       6,110,374

      10,749,036

Value of business acquired

       1,383,639

        2,573,902

Deferred gains

       6,978,067

        9,290,123

Trusts

       1,066,438

        1,599,657

Tax on unrealized appreciation

         778,040

        2,788,322

Total deferred tax liabilities

     30,016,651

      45,151,557

Net deferred tax liability

 $  18,255,537

 $   25,830,631