<TABLE> <S> <C>

<ARTICLE> 7
       
<S>                          <C>                      <C>
<PERIOD-TYPE>                YEAR                     YEAR
<FISCAL-YEAR-END>                         DEC-31-1998             DEC-31-1997
<PERIOD-END>                              DEC-31-1998             DEC-31-1997
<DEBT-HELD-FOR-SALE>                        1,505,406               1,668,630
<DEBT-CARRYING-VALUE>                     174,240,848             180,649,040
<DEBT-MARKET-VALUE>                       179,885,379             184,782,568
<EQUITIES>                                  2,087,416               3,001,744
<MORTGAGE>                                 10,941,614               9,469,444
<REAL-ESTATE>                              10,529,183              11,485,276
<TOTAL-INVEST>                            215,381,037             223,094,920
<CASH>                                     25,752,842              15,704,573
<RECOVER-REINSURE>                         40,529,901              41,343,184
<DEFERRED-ACQUISITION>                     11,840,548              16,745,720
<TOTAL-ASSETS>                            327,580,329             332,572,191
<POLICY-LOSSES>                                     0                       0
<UNEARNED-PREMIUMS>                                 0                       0
<POLICY-OTHER>                            254,386,798             253,964,709
<POLICY-HOLDER-FUNDS>                      19,471,114              19,206,192
<NOTES-PAYABLE>                            17,369,993              18,241,602
<PREFERRED-MANDATORY>                               0                       0
<PREFERRED>                                         0                       0
<COMMON>                                       54,539                  54,616
<OTHER-SE>                                 30,767,845              33,151,807
<TOTAL-LIABILITY-AND-EQUITY>              327,580,329             332,572,191
<PREMIUMS>                                 26,396,077              28,639,245
<INVESTMENT-INCOME>                        15,069,404              14,878,336
<INVESTMENT-GAINS>                           (851,822)               (268,982)
<OTHER-INCOME>                                 17,937                 105,679
<BENEFITS>                                 26,342,405              28,415,194
<UNDERWRITING-AMORTIZATION>                 7,079,529               4,308,365
<UNDERWRITING-OTHER>                       13,542,639              12,109,607
<INCOME-PRETAX>                            (6,332,977)             (1,478,888)
<INCOME-TAX>                                4,466,691                (321,955)
<INCOME-CONTINUING>                        (1,949,825)             (1,845,062)
<DISCONTINUED>                                      0                       0
<EXTRAORDINARY>                                     0                       0
<CHANGES>                                           0                       0
<NET-INCOME>                               (1,949,825)             (1,845,062)
<EPS-PRIMARY>                                  (35.74)                 (32.65)
<EPS-DILUTED>                                  (35.74)                 (32.65)
<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
        

</TABLE>