Deferred Policy Acquisition Costs and Value of Business Acquired (Tables)
12 Months Ended
Dec. 31, 2016
Deferred Policy Acquisition Costs and Value of Business Acquired [Abstract]  
Schedule of Movement of Deferred Policy Acquisition Costs and Value of Business Acquired
The movement of deferred policy acquisition costs (DPAC) and value of business acquired (VOBA) for the years ended December 31, 2016, 2015, and 2014 is summarized as follows:

  
DPAC
  
VOBA
  
Total
 
          
Balance, December 31, 2013
 
$
140,928
  
$
36,361
  
$
177,289
 
Additions
  
48,723
   
-
   
48,723
 
VOBA interest at an average rate of 5.17%
  
-
   
1,726
   
1,726
 
Amortization
  
(37,895
)
  
(5,743
)
  
(43,638
)
Net change
  
10,828
   
(4,017
)
  
6,811
 
Balance, December 31, 2014
  
151,756
   
32,344
   
184,100
 
             
Additions
  
48,599
   
-
   
48,599
 
VOBA interest at an average rate of 5.15%
  
-
   
1,543
   
1,543
 
Amortization
  
(38,624
)
  
(4,970
)
  
(43,594
)
Net change
  
9,975
   
(3,427
)
  
6,548
 
Balance, December 31, 2015
  
161,731
   
28,917
   
190,648
 
             
Additions
  
47,742
   
-
   
47,742
 
VOBA interest at an average rate of 5.15%
  
-
   
1,381
   
1,381
 
Amortization
  
(40,848
)
  
(4,136
)
  
(44,984
)
Net change
  
6,894
   
(2,755
)
  
4,139
 
Balance, December 31, 2016
 
$
168,625
  
$
26,162
  
$
194,787
 
Schedule of Expected Amortized Cost of VOBA
The estimated amount of the year-end VOBA balance expected to be amortized during the next five years is as follows:

Year ending December 31:
   
2017
 
$
3,582
 
2018
  
2,597
 
2019
  
2,279
 
2020
  
2,009
 
2021
  
2,075