Security Mutual Life Insurance Company

Since its inception, Security Mutual Life has weathered economic downturns, depressions, and wars just to emerge as one of the successful and prominent life insurance companies braving all odds in the United States. Presently, the company promotes and markets/sells its products in almost 50 states, the District of Columbia and the U.S. Virgin Islands.
Security Mutual Life Insurance Company of NY was established in 1886 by a group of entrepreneurs who set out to offer customers with secure and affordable life insurance coverage.

The company's outstanding performance manifests the collective effect of many steps taken over time. Being a New York-domiciled company, Security Mutual Life functions complying with the regulation of the New York State Insurance Department, and is considered to be among the most eminent insurance departments in the country.

Security Mutual Life Insurance Company Profile

Lines of Insurance:
Life, Disability

States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

Type of Insurance Company: Mutual

Insurance subsidiaries:
National Security Life & Annuity Co.

Security Mutual Life Insurance Company Rating: A

Company Financial Status:
Assets & Premiums: 2006 Assets: $2.04 billion
2006 Revenues: $366 million
S&P rating: A+ (strong)

Services and Products

The services that Security Mutual Life Insurance Company offers to its policyholders include:

Financial Planning Services: Business Continuation Planning, Charitable Planning, Wealth Transfer Planning, Employee Benefits, Estate Planning, and Executive Compensation Planning.

Retirement Planning Policies: 412(i) “Fully Insured” Plans, IRA and Pension Funding Agreements-Auxiliary & Custodial Accounts, Pension and Profit Sharing Policies, “Classic” Defined Benefit Plans, Retirement Plan, Employee Benefit Policies.

Annuities:  Single Premium Deferred, Single Premium Immediate, and Flexible Premium.

Workplace Payroll Deduction Life Insurance: Participating Whole Life Policy and Universal Life Policy.

Individual Life Insurance Coverage: Under this category the different policies are Participating Whole Life, Universal Life, Joint and Last Survivor Insurance, and Term Insurance Policies.

Group Coverage:  Group Term Life and Accidental Death and Dismemberment, Group Voluntary Short & Long Term Disability, Weekly Disability Income, Voluntary Emergency Service Organizations Life Benefits, NJ State Temporary Disability Benefits, NY State Disability Benefits Law, Employers Group Benefits Trust, and Group Voluntary Term Life Coverage.

Benefits

Created with the help of Security Mutual Group, Secure Benefit Solutions offers customized products and services to group or employer-paid products along with voluntary or employee-paid products to the benefits management market.

It also offers Security Mutual with a scalable and cost-effective business entity that can cater to ever-changing market needs.

Security Mutual Life Insurance Company Contact Details & Phone Number

Security Mutual Life
Chairman/President Bruce W. Boyea, EA, MAAA, MSPA
100 Court Street
Binghamton, NY 13902-1625
800-346-7171

Where to send complaints:
Security Mutual Life Inquiry
800-765-6668