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17) Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Tables) | 12 Months Ended
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Dec. 31, 2019
As of December 31, 2019 |
Schedule of Financial Instruments Carried at Other Than Fair Value |
| Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total Estimated Fair Value
Assets |  |  |  |  |  |  |  |  |
Mortgage loans held for investment |  |  |  |  |  |  |  |  |
Residential | $ 110,253,678 |  | $ - |  | $ - |  | $ 115,320,638 |  | $ 115,320,638
Residential construction | 88,651,967 |  | - |  | - |  | 88,651,967 |  | 88,651,967
Commercial | 37,788,901 |  | - |  | - |  | 39,289,462 |  | 39,289,462
Mortgage loans held for investment, net | $ 236,694,546 |  | $ - |  | $ - |  | $ 243,262,067 |  | $ 243,262,067
Policy loans | 14,762,805 |  | - |  | - |  | 14,762,805 |  | 14,762,805
Insurance assignments, net (1) | 39,614,939 |  | - |  | - |  | 39,614,939 |  | 39,614,939
Restricted assets (2) | 2,275,756 |  | - |  | - |  | 2,289,679 |  | 2,289,679
Cemetery perpetual care trust investments (2) | 524,000 |  | - |  | - |  | 536,553 |  | 536,553
Mortgage servicing rights, net | 17,155,529 |  | - |  | - |  | 22,784,571 |  | 22,784,571
Liabilities |  |  |  |  |  |  |  |  |
Bank and other loans payable | $ (217,572,612) |  | $ - |  | $ - |  | $ (217,572,612) |  | $ (217,572,612)
Policyholder account balances (3) | (45,154,180) |  | - |  | - |  | (41,828,469) |  | (41,828,469)
Future policy benefits - annuities (3) | (113,579,830) |  | - |  | - |  | (117,304,614) |  | (117,304,614)
(1) Included in other investments and policy loans on the consolidated balance sheets |  |  |  |
(2) Mortgage loans held for investment |  |  |  |  |  |  |  |  |
(3) Included in future policy benefits and unpaid claims on the consolidated balance sheets |  |  |  |
As of December 2018 |
Schedule of Financial Instruments Carried at Other Than Fair Value |
| Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total Estimated Fair Value
Assets |  |  |  |  |  |  |  |  |
Fixed maturity securities, held to maturity | $ 232,078,723 |  | $ - |  | $ 229,668,844 |  | $ 5,082,014 |  | $ 234,750,858
Mortgage loans held for investment |  |  |  |  |  |  |  |  |
Residential | 87,947,566 |  | - |  | - |  | 92,503,553 |  | 92,503,553
Residential construction | 70,886,702 |  | - |  | - |  | 70,886,702 |  | 70,886,702
Commercial | 27,630,801 |  | - |  | - |  | 28,359,205 |  | 28,359,205
Mortgage loans held for investment, net | $ 186,465,069 |  | $ - |  | $ - |  | $ 191,749,460 |  | $ 191,749,460
Policy loans | 6,424,325 |  | - |  | - |  | 6,424,325 |  | 6,424,325
Insurance assignments, net (1) | 34,146,868 |  | - |  | - |  | 34,168,868 |  | 34,168,868
Restricted assets (2) | 1,258,397 |  | - |  | 1,271,687 |  | - |  | 1,271,687
Restricted assets (3) | 1,799,268 |  | - |  | - |  | 1,810,185 |  | 1,810,185
Cemetery perpetual care trust investments (2) | 990,390 |  | - |  | 983,410 |  | - |  | 983,410
Mortgage servicing rights, net | 20,016,822 |  | - |  | - |  | 28,885,316 |  | 28,885,316
Liabilities |  |  |  |  |  |  |  |  |
Bank and other loans payable | $ (187,521,188) |  | $ - |  | $ - |  | $ (187,521,188) |  | $ (187,521,188)
Policyholder account balances (4) | (46,479,853) |  | - |  | - |  | (37,348,289) |  | (37,348,289)
Future policy benefits - annuities (4) | (98,137,615) |  | - |  | - |  | (97,641,146) |  | (97,641,146)
(1) Included in other investments and policy loans on the consolidated balance sheets |  |  |  |
(2) Fixed maturity securities held to maturity |  |  |  |  |  |  |  |  |
(3) Participation in mortgage loans held for investment |  |  |  |  |  |  |  |
(4) Included in future policy benefits and unpaid claims on the consolidated balance sheets |  |  |  |

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