Security National Life Insurance Company operates quietly in the shadow of industry giants, serving policyholders primarily across the Mountain West and select markets since 1965. While this Salt Lake City-based insurer may lack the household recognition of companies like Northwestern Mutual or New York Life, many families have discovered Security National through targeted marketing efforts and competitive premium structures tailored to specific demographics.
By the Insurance Brokers USA Team – Licensed insurance professionals with extensive experience helping clients evaluate regional insurers and find appropriate coverage solutions. Our agents have analyzed hundreds of insurance companies, specializing in identifying which carriers effectively serve the specific needs of their clients.
What is Security National Life Insurance Company?
Security National Life Insurance Company began operations in 1965 as a regional life insurer headquartered in Salt Lake City, Utah. The company has maintained its focus on serving families primarily in western states, with particular strength in Utah, Idaho, Nevada, and select markets across the Mountain West region.
Key insight: Unlike national carriers that chase broad market share, Security National has built its business model around deep regional presence and targeted product offerings designed for middle-income families seeking straightforward life insurance solutions.
Security National Life Insurance Company at a Glance
| Founded | 1965 |
| Headquarters | Salt Lake City, Utah |
| AM Best Rating | B++ (Good) |
| Primary Markets | Utah, Idaho, Nevada, Arizona, Colorado |
| Specialty Focus | Term life, whole life, final expense |
The company operates through a network of independent agents and direct marketing channels, focusing on families who value personal service and competitive pricing over brand recognition. Security National has remained privately held throughout its history, allowing management to maintain conservative growth strategies and regional focus.
Bottom Line
Security National Life Insurance Company serves as a regional alternative to national carriers, offering competitive pricing and personal service primarily to middle-income families in western states.
How Financially Strong is Security National?
Financial stability represents a critical factor when evaluating any life insurance company, as your beneficiaries depend on the insurer’s ability to pay claims potentially decades into the future. Security National’s financial position reflects a company that maintains adequate reserves while operating with conservative growth strategies.
Key insight: Security National holds a B++ rating from AM Best, indicating “Good” financial strength and operating performance, though this falls below the A-level ratings preferred for long-term financial security.
Security National Financial Strength Indicators
| AM Best Rating | B++ (Good) |
| Rating Outlook | Stable |
| Total Assets | Approximately $500 million |
| Years in Business | 58+ years |
| Market Focus | Regional concentration |
The B++ rating places Security National in the middle tier of insurance company financial strength. While this indicates that the company maintains adequate capital and reserves to meet its obligations, it doesn’t provide the same level of confidence as carriers with A- or higher ratings from AM Best.
“Regional insurers like Security National often provide adequate financial security for term life policies, but families considering permanent life insurance should carefully evaluate financial strength ratings for long-term confidence.”
– InsuranceBrokersUSA Management Team
Key Takeaways
- B++ rating indicates adequate financial strength but not industry-leading stability
- Stable outlook suggests consistent performance in regional markets
- A smaller asset base compared to national carriers may limit product development
- 58+ years of operation demonstrate business sustainability
What Products Does Security National Offer?
Security National maintains a focused product portfolio designed to meet the core life insurance needs of middle-income families. Rather than offering dozens of product variations, the company concentrates on delivering competitive versions of essential coverage types.
Key insight: Security National’s product strategy emphasizes simplicity and affordability over innovation, making their offerings particularly suitable for families seeking straightforward coverage without complex features.
Term Life Insurance Options
Security National offers competitive term life insurance policies that provide temporary coverage for specific periods. Their term products include level premium options with conversion privileges, allowing policyholders to convert to permanent coverage without medical underwriting.
Security National Term Life Features
- Coverage amounts from $25,000 to $500,000
- Term lengths: 10, 15, 20, and 30 years
- Level premiums throughout the term period
- Conversion options to permanent policies
- Competitive rates for healthy applicants
- Waiver of premium rider available
Whole Life Insurance
The company’s whole life insurance products provide permanent coverage with guaranteed cash value accumulation. These traditional policies offer predictable premiums and death benefits, appealing to families who prefer conservative, guaranteed growth over variable investment options.
Final Expense Insurance
Security National offers final expense insurance designed specifically for seniors seeking coverage for burial costs and end-of-life expenses. These policies typically feature simplified underwriting and smaller coverage amounts, which are suitable for their intended purpose.
“Security National’s product lineup works best for families who understand their coverage needs and prefer straightforward policies over complex investment-linked products.”
– InsuranceBrokerUSA Management Team
Bottom Line
Security National offers essential life insurance products with competitive pricing, but lacks the product diversity and innovative features found with larger national carriers.
How Does Security National’s Underwriting Work?
Security National follows traditional underwriting practices that emphasize thorough health evaluation and risk assessment. Their approach tends toward conservative decision-making, which can benefit healthy applicants with competitive rates while potentially limiting options for individuals with complex health conditions.
Key insight: The company’s underwriting process typically requires medical exams for most coverage amounts, though they offer some simplified underwriting options for final expense and smaller whole life policies.
Security National Underwriting Process
| Medical Exam Required | Usually, for coverage above $50,000 |
| Processing Time | 2-6 weeks typical |
| Health Questions | Standard comprehensive health questionnaire |
| Age Limits | Term: 18-70, Whole Life: 18-75 |
| Simplified Options | Final expense and small whole life policies |
The company’s underwriting guidelines tend to be standard for the industry, without particularly innovative approaches for complex health conditions. Applicants with diabetes, heart conditions, or other chronic illnesses may find Security National’s underwriting less accommodating compared to carriers that specialize in substandard risk coverage.
Key Takeaways
- Traditional underwriting approach with medical exam requirements
- Conservative risk assessment may limit options for complex health conditions
- Competitive rates available for healthy applicants
- Limited no-exam options compared to specialized carriers
What’s the Customer Experience Like?
Security National’s customer service approach reflects its regional focus, emphasizing personal relationships through independent agents and direct company contact. While they lack the digital sophistication of larger carriers, many customers appreciate the more personal service experience.
Key insight: The company’s smaller size enables more personalized customer service, but this comes with limitations in terms of 24/7 support, online tools, and advanced digital features that many consumers now expect.
Customer Service Features
- Agent-based service model with local representatives
- Direct company phone support during business hours
- Basic online account access and policy management
- Traditional mail and phone-based transactions
- Claims processing through established procedures
- Limited mobile app functionality
Customer feedback generally indicates satisfactory service experiences, particularly for routine policy administration and claims processing. However, some customers note limitations in digital services and after-hours support compared to larger national carriers.
“Regional insurers like Security National often excel at personal service but may lag behind in digital capabilities that today’s consumers increasingly expect.”
– InsuranceBrokersUSA Management Team
Bottom Line
Security National provides adequate customer service through traditional channels, but lacks the advanced digital tools and 24/7 support offered by larger competitors.
What Are Security National’s Advantages and Drawbacks?
Understanding Security National’s strengths and limitations helps families make informed decisions about whether this regional carrier aligns with their coverage needs and service expectations.
Security National Life Insurance: Pros and Cons
Advantages
- Competitive pricing for healthy applicants
- Personal service through an agent network
- 58+ years of business stability
- Straightforward product offerings
- Strong regional market presence
- No-pressure sales approach
- Reasonable final expense options
Drawbacks
- B++ financial strength rating
- Limited geographic availability
- Fewer product options than national carriers
- Basic digital capabilities
- Conservative underwriting for health conditions
- Limited no-exam life insurance options
- Smaller asset base for long-term security
Key insight: Security National works best for families who prioritize competitive pricing and personal service over brand recognition and advanced features, particularly those residing in the company’s core western markets.
Key Takeaways
- Best suited for straightforward coverage needs in regional markets
- Financial strength is adequate but not industry-leading
- Service model emphasizes personal relationships over digital innovation
- Competitive option for healthy applicants seeking basic coverage
Who Should Consider Security National Life Insurance?
Security National Life Insurance serves specific market segments effectively, making it a viable choice for certain types of customers while being less suitable for others with different needs or circumstances.
Key insight: This carrier works best for middle-income families in western states who prefer working with regional companies and value competitive pricing over extensive product features or advanced digital services.
Ideal Candidates for Security National
Security National Works Well For
- Residents of Utah, Idaho, Nevada, and the surrounding western states
- Families seeking competitive term life insurance rates
- Customers who prefer working with independent agents
- Healthy applicants with standard risk profiles
- Seniors looking for final expense coverage
- Buyers who value personal service over digital features
- Those seeking straightforward, uncomplicated policies
When to Consider Alternatives
Security National may not be the best choice for families with specific needs that exceed the company’s capabilities or geographic reach.
Consider Other Options If You
- Live outside Security National’s primary service areas
- Need coverage amounts exceeding $500,000
- Have complex health conditions requiring specialized underwriting
- Prefer A-rated financial strength for long-term policies
- Want extensive no-exam life insurance options
- Require advanced digital services and mobile apps
- Need investment-linked or variable life insurance products
“Regional carriers like Security National often provide excellent value for customers whose needs align with the company’s strengths, but the key is ensuring that alignment exists before making a long-term commitment.”
– InsuranceBrokersUSA Management Team
Frequently Asked Questions
Is Security National Life Insurance a legitimate company?
Yes, Security National Life Insurance is a legitimate insurance company that has operated since 1965 and holds a B++ rating from AM Best. The company is licensed to sell insurance in multiple states and maintains proper regulatory compliance, though it operates as a regional carrier rather than a national brand.
What states does Security National Life Insurance operate in?
Security National primarily operates in western states including Utah, Idaho, Nevada, Arizona, and Colorado. The company’s regional focus means availability may be limited in other areas, so residents outside these states should verify coverage availability in their specific location.
How does Security National’s financial strength compare to major carriers?
Security National’s B++ rating ranks below major national carriers that typically hold A- or higher ratings from AM Best. While the B++ rating indicates adequate financial strength, families seeking maximum long-term security may prefer carriers with stronger financial ratings for permanent life insurance policies.
Does Security National offer no-exam life insurance policies?
Security National offers limited no-exam options primarily for final expense insurance and smaller whole life policies. For larger coverage amounts or term life insurance, the company typically requires medical exams and comprehensive health underwriting.
What is the maximum coverage amount available from Security National?
Security National typically offers coverage up to $500,000 for term life insurance policies. Families needing higher coverage amounts may need to consider carriers that specialize in larger policies or arrange coverage with multiple insurers.
How do Security National’s rates compare to national carriers?
Security National often provides competitive rates for healthy applicants in their regional markets, particularly for term life insurance. However, national carriers may offer better pricing due to larger risk pools and more sophisticated underwriting systems, making rate comparison essential.
Does Security National have good customer service?
Security National provides adequate customer service through traditional channels, including phone support and agent assistance. However, the company lacks advanced digital tools and 24/7 support capabilities that many customers now expect from insurance carriers.
Should I choose Security National over a major national carrier?
Choose Security National if you prioritize competitive regional pricing and personal service over brand recognition and advanced features. However, families needing maximum financial security, extensive product options, or coverage outside Western states should consider major national carriers with higher financial strength ratings.
Making Your Decision About Security National Life Insurance
Security National Life Insurance Company represents a viable option for specific circumstances – primarily families in western states seeking competitive pricing and personal service from a regional carrier. The company’s 58-year operating history and stable B++ rating indicate adequate financial strength for basic coverage needs.
However, the decision ultimately depends on your priorities and circumstances. Families prioritizing maximum financial security should consider A-rated carriers, while those needing extensive product options or coverage outside Security National’s regional markets may find better alternatives with national carriers.
“The best life insurance company is the one that matches your specific needs, financial situation, and long-term goals. Security National works well for certain customers, but everyone should compare multiple options before making this important decision.”
– Insurance Brokers USA Team
Before making your final decision, consider obtaining quotes from multiple carriers, including both regional options, such as Security National, and national carriers with higher financial strength ratings. This comparison ensures you’re getting the best combination of coverage, pricing, and financial security for your family’s specific situation.
For personalized guidance in evaluating Security National Life Insurance against other options, consider consulting with an independent insurance broker who can provide objective comparisons based on your specific needs and circumstances.
-align: left;”>CompanyAM Best Rating
Companie Security Nationale Gendarmy Royale MTGE Dynamic Americaine