Security National Financial Corp (SNFCA) is a publicly traded company based in Salt Lake City, Utah. The company was incorporated in 1965, making it one of the longest-standing institutions in its field. It operates in three main business segments: life insurance, cemetery and mortuary, and mortgage loans. The company's overall objective is to provide the highest quality insurance, mortgage services, and funeral, cemetery, and cremation services.
Under the life insurance segment, SNFCA provides a myriad of insurance products, such as whole life, term life, universal life, and other funeral and cemetery insurance products, including pre-need funeral plans. This segment of the business operates across several states in the U.S making it a prominent player in the country's life insurance sector.
In the cemetery and mortuary segment, SNFCA owns and operates 12 cemeteries and 7 mortuaries in the state of Utah, California, and Arizona through its subsidiary named Security National Memorial. It offers services such funeral services, burial plot sales, and the sale of funeral merchandise like caskets and urns.
The company's mortgage loan segment (operated through its subsidiary SecurityNational Mortgage) offers a variety of residential and commercial loans. They handle the origination, underwriting, and processing of mortgages, rigorously following the guidelines established by federal agencies such as Fannie Mae, Freddie Mac, and the Federal Housing Administration.
Financial stability is one of SNFCA's greatest strengths. Over the years, the company has proven its financial resilience and adaptability, successfully navigating numerous economic downturns. As a testament to its financial strength, Security National Financial Corp has consistently been rated A- (Exceeding Investment Grade) by A.M. Best Company, a credit rating agency dedicated to issuing accurate, timely, and actionable financial information.
With a commitment to providing excellent service, offering comprehensive products, and maintaining a strong financial foundation, SNFCA has carved out a solid reputation in the financial services industry. Its diversification strategy, distributing risks across different business lines, has given it the ability to weather economic volatility and continues to be a fundamental pillar of its operations.
In terms of community involvement, SNFCA prides itself on serving the communities in which it operates. It has a long history of philanthropic efforts, offering financial and volunteer support to various local nonprofit organizations.
For more than 50 years, Security National Financial Corp has continued to grow and expand its services, keeping up with the changing needs and demands of its customers. It remains committed to its mission of offering peace of mind and financial security to families and individuals across the United States.