<TABLE> <S> <C>

<ARTICLE> 7

<S>                             <C>                     <C>
<PERIOD-TYPE>                   12-MOS                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1996
<PERIOD-END>                               DEC-31-1997             DEC-31-1996
<DEBT-HELD-FOR-SALE>                         1,668,630               1,961,166
<DEBT-CARRYING-VALUE>                      180,649,040             179,535,861
<DEBT-MARKET-VALUE>                        184,782,568             181,815,225
<EQUITIES>                                   3,001,744               1,794,405
<MORTGAGE>                                   9,469,444              11,022,792
<REAL-ESTATE>                                9,760,732               9,779,984
<TOTAL-INVEST>                             222,254,854             220,656,872
<CASH>                                      15,704,573              16,801,288
<RECOVER-REINSURE>                          41,343,184              42,601,217
<DEFERRED-ACQUISITION>                      16,745,720              18,162,356
<TOTAL-ASSETS>                             332,572,191             336,639,124
<POLICY-LOSSES>                                      0                       0
<UNEARNED-PREMIUMS>                                  0                       0
<POLICY-OTHER>                             253,964,709             252,718,388
<POLICY-HOLDER-FUNDS>                       19,206,192              19,626,449
<NOTES-PAYABLE>                             18,241,602              18,999,853
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                        54,616                  59,919
<OTHER-SE>                                  33,151,807              35,418,732
<TOTAL-LIABILITY-AND-EQUITY>               332,572,191             336,639,124
<PREMIUMS>                                  28,639,245              30,944,458
<INVESTMENT-INCOME>                         14,878,336              15,909,226
<INVESTMENT-GAINS>                           (268,982)               (411,053)
<OTHER-INCOME>                                 105,679                  95,400
<BENEFITS>                                  28,415,194              34,443,600
<UNDERWRITING-AMORTIZATION>                  4,308,365               4,992,885
<UNDERWRITING-OTHER>                        12,109,607              15,036,062
<INCOME-PRETAX>                            (1,478,888)             (7,934,516)
<INCOME-TAX>                                   321,955             (4,961,506)
<INCOME-CONTINUING>                        (1,845,062)             (3,031,649)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                               (1,845,062)             (3,031,649)
<EPS-PRIMARY>                                  (32.65)                 (50.60)
<EPS-DILUTED>                                  (32.65)                 (50.60)
<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>