2024 Security National Burial Insurance Review – Pros & Cons
last updated on July 22, 2024Our Security National burial insurance review will help you decide if their burial insurance plans are right for you.
We know that buying life insurance is one of your most significant decisions. Our Security National burial insurance review will help you better understand their funeral expense products, health questions, and the options open for you.
In the following Security National burial insurance review, we will take a closer look at the company and its products to help you determine if its burial insurance is the right fit for you based on your health and budget.
| SECURITY NATIONAL FUNERAL FUNDS 5-STAR RATING | |
|---|---|
| First-day Coverage | ★★★★★ |
| Ease of Approval | ★★★★ |
| Coverage Amount | ★★★★ |
| Pricing | ★★★ |
| Riders | ★★ |
FOR EASIER NAVIGATION:
- Does Security National Offer First-day Coverage?
- Pros of Security National Burial Insurance
- Cons of Security National Burial Insurance
- Security National Burial Insurance Product
- Security National Burial Insurance Riders
- When Does Security National Burial Insurance Make the Most Sense?
- Security National Underwriting Guidelines
- Security National Pricing Examples
- Getting Approved for Security National Burial Insurance
- The Best Payment Option
- Security National Company Overview
- How Can Funeral Funds Help Me?
- Additional Questions & Answers On Security National Life Insurance
Does Security National Offer First-day Coverage?
YES, Security National offers two first-day coverage plans, but they are more expensive than other companies.
If you qualify, their Simple Security is preferred; standard whole life insurance gives you full coverage from the first day. Your beneficiary will receive your full death benefit when you pass away.
Pros Of Security National Burial Insurance
Easy application process – can be done over the phone or online
Good pricing for smokers – who are 70 years and older
Coverage available – to 86-90 years old
Cons Of Security National Burial Insurance
Have a height and weight chart – you may be disqualified if you are overweight, obese, or morbidly obese.
Not diabetic-friendly – you may only qualify for the standard plan if you currently use insulin
Security National Burial Insurance Products
Security National calls its burial insurance products “Simple Security.” The Simple Security whole life insurance has three plans:
- Preferred – first-day full coverage
- Standard – first-day full coverage
- Modified – two-year waiting period
The type of plan you will be eligible for is based on your answer to the health questions on the application and your prescription history.
| SIMPLE SECURITY PRODUCT FEATURES | |
|---|---|
| Age Availability | 40-90 |
| Immediate Coverage | 100% coverage from day one |
| Lifetime Coverage | Yes |
| Level Premium | Price never increases |
| Level Benefit | Coverage never decreases |
| Cash value builds up | Cash value accumulates over time |
SIMPLE SECURITY PREFERRED PLAN
The preferred plan approves applicants in good health or with some minor health issues that come with age, like high cholesterol, high blood pressure, arthritis, and controlled diabetes. It has a level death benefit, which means there is no waiting period, and the coverage starts from the first day.
Simple Security Preferred Plan Product Features:
Eligible Ages: 40 to 90 years Old
Minimum Face Amount: $2,500
Face Amounts Available:
- Ages 40–75 maximum of $35,000
- Ages 76–80 maximum of $15,000
- Ages 81-90 maximum of $10,000
Payout Schedule: immediate death benefit from the first day
You will be eligible for this plan if you answer NO to all the health questions and clear your prescription history. If you pass away for any reason, your beneficiary will receive 100% of the death benefit.
If you are generally healthy or with minor health issues, this plan from Security National is adequate. Their preferred plan is averagely priced. It comes on the top or second to the lowest premium.
SIMPLE SECURITY STANDARD PLAN
This burial insurance plan from Security National offers first-day full coverage if you qualify. If you answer NO to the knockout and graded sections, you will be offered this plan.
Insulin use is the only question under this section, but you will be offered the modified plan if you answer yes to the insulin use question.
Standard Plan Product Features
Eligible Ages: 40 to 90 years Old
Face Amounts Available:
- Ages 40–75 maximum of $25,000
- Ages 76–80 maximum of $15,000
- Ages 81-90 maximum of $10,000
Payout Schedule: immediate death benefit from day one
Among the three plans, this plan is not their best. This product’s price is higher than most life insurance companies. If the company puts you under this plan, call us. We can get you approved by other companies with a less expensive premium.
SIMPLE SECURITY MODIFIED PLAN
Security National’s modified plan is designed to accept applicants with some impairment who do not qualify for the preferred or standard plans.
If you answered yes to two conditions, you would still be eligible for a modified plan. However, you will be denied coverage if you answered yes to three or more health questions.
Modified Plan Product Features:
Eligible Ages: 40 to 85 years old
Face Amounts Available:
- Ages 40–75 maximum of $25,000
- Ages 76–80 maximum of $15,000
- Ages 81-85 maximum of $10,000
Payout Schedule: Modified death benefit for two years
The modified plan by Security National does not offer first-day full coverage. This plan has a two-year graded benefit or waiting period for coverage.
This means if you qualify for this plan and pass away due to a non-accidental cause during the first two years, your beneficiary will receive only 110% of the premiums you paid the company.
Only in the third year and beyond will the company pay the full face amount of your policy.
This plan is suitable for people with some health issues that can’t get traditional coverage.
If you have any of these medical conditions, this modified plan from Security National may be an option:
- Supplementary oxygen use
- Cancer diagnosis or treatment within the past 24 months
- Angina or heart attack within the previous 12 months
- Heart or any circulatory surgery within the last 12 months
- Congestive heart failure
- Alcohol or drug abuse within the past 12 months
Security National Burial Insurance Riders
Accidental Death Benefit Rider – doubles the death benefit amount if you die from an accident.
Dependent Child Rider – you can get coverage for your children or legally adopted children 0-17 years old
OTHER BENEFITS:
POLICY LOANS – you can borrow up to 100% of your cash value. This is tax-free. Loans reduce your cash value amount and are subtracted from your death benefit. The interest on policy loans varies by state.
When Does Security National Burial Insurance Make The Most Sense?
Security National is one of the few companies offering coverage to people between 86 and 90. It makes the company unique because it’s very rare to find companies offering first-day coverage for this age group.
Security National Life Simple Security plans offer reasonable coverage and rates, especially their preferred plan.
Their graded plan is a better option for people with significant health conditions. The product’s price is more expensive compared to other higher-rated insurance companies. But beware, they will put you on the standard plan because of insulin use.
If you are an insulin-dependent diabetic, we can get you approved by another company that accepts this condition and offer a lower premium. Most final expense companies didn’t penalize insulin users and approved them for first-day coverage.
Applications are made online, and policyholders can log in to submit a claim. This process is simple for internet users, but some customers uncomfortable with online applications and claims may look elsewhere for coverage.
Security National Underwriting Guidelines
Most life insurance companies conduct phone interviews to verify your health. Security National lets your agent fill in the application on their portal and let you sign the application.
After submitting your application, their system will electronically check your prescription history to validate your health and answer the health questions. After a few seconds, the system will assign what plan you will qualify for and how much you will pay.
The health questions carry the most weight in determining if they will approve your application. Here’s a copy of the Security National’s health questionnaire.
KNOCKOUT SECTION
1. Are you now or within the past 30 days been confined or treated in a hospital, nursing home, health care facility, or hospice care, or been advised by a licensed member of the medical profession to be confined to a bed? Have you been medically diagnosed, tested, or treated by a licensed member of the medical profession with having a terminal illness resulting in death within the next 12 months? (Yes – No)
2. Within the past 30 days, have you been medically diagnosed, tested, or treated in a hospital by a licensed member of the medical profession for a seizure? (Yes – No)
3. Do you need assistance or supervision with dressing, eating, personal hygiene (bathing or toilet), or transferring to or from bed or chair? (Yes – No)
4. Are you now, or within the past 90 days, been diagnosed, tested, or treated by a licensed member of the medical profession for any tumors or cancers, except basal cell skin cancer? (Yes – No)
5. Have you received medical advice, treatment, been advised to have treatment or surgery, or take medication for Alzheimer’s, ALS (Lou Gehrig’s disease, sickle cell anemia, hepatitis, cirrhosis of the liver, cystic fibrosis, cystic fibrosis, brain aneurysm, or organ transplant? (Yes – No)
6. Are you currently receiving dialysis treatment? (Yes – No)
7. Have you received medical advice, treatment, taking medication, been advised to have treatment or surgery by a licensed member of the medical profession for Acquired Immune Deficiency Syndrome (AIDS), AIDS Related Complex (ARC), the Human Immunodeficiency Virus (HIV), or other sickness or condition derived from such infection? (Yes – No)
If you answered NO to all the health questions, please proceed to Section 2.
SECTION 2: MODIFIED SECTION
Within the past two years, have you received medical advice, treatment been advised to have treatment or surgery, or taken medication for:
9. Angioplasty, stent implant, bypass surgery, heart valve surgery, or pacemaker? (Yes – No)
10. Any tumors or cancers, except basal cell skin cancer? If now cancer-free, indicate month and year you were diagnosed by a licensed member of the medical professional that you were cancer-free: _______ (Yes – No)
11. Brain tumor, brain disorders, TIA (mini-stroke), or strokes of any kind? (Yes – No)
12. Heart disease of any type, angina, heart attack, enlarged heart, congestive heart failure (CHF), or other heart disorders or conditions? (Yes – No)
13. Lung disease, emphysema, or chronic obstructive pulmonary disease (COPD), or any type of other pulmonary disease or condition? (Yes – No)
14. Kidney disease or failure, renal failure or insufficiency, liver disease, hepatitis, cirrhosis, disease of the pancreas, or other organ failure disease? (Yes – No)
15. Diabetes with complications that could include: diabetic coma, insulin shock, eye disease or disorder, neuropathy, amputation, hospitalized for diabetes, take 100 units or more of insulin in a 24-hour period, or insulin use before age 40? (Yes – No)
16. Parkinson’s disease, paralysis, multiple sclerosis, lupus, muscular dystrophy, down syndrome, cerebral palsy, epilepsy, seizures, or other neurological disorders? (Yes – No)
17. Paranoia, schizophrenia, bipolar disorder, major depressive disorder, that includes suicide attempts, hospitalization, or any other mental disorder or disease? (Yes – No)
18. Have you been advised by a licensed member of the medical professional to have a test, surgery, treatment, or do you have any medical test results pending for any additional medical evaluations that have not been performed, excluding tests related to the Human Immunodeficiency Virus (AIDS virus)? (Yes – No)
19. Have you received medical treatment, counseling, or advice from a licensed member of the medical profession regarding abuse or excessive use of alcohol, non-prescribed drugs, narcotics, or any other habit-forming substance? (Yes – No)
20. Do you use a medical appliance such as a wheelchair, walker or hospital bed, oxygen? (Yes – No)
If you answered YES to any of the health questions above, you would be offered their modified plan. However, if you say YES to three of these questions, they will not provide you any coverage.
If you answered NO to all the health questions, proceed to Section 3.
SECTION 3: STANDARD SECTION
1. Do you use any type of insulin medication for any type of diabetes? If yes, how many total units per day? (Yes – No)
If you say YES to this one question, you will be offered the Standard Plan.
If you answered NO to all the health questions, Security National would offer you their Preferred Plan, which is the best and cheapest among the three plans available.
Security National Pricing Examples
| FEMALE AGE | $5,000 | $10,000 | $15,000 | $20,000 | $25,000 |
|---|---|---|---|---|---|
| 40 | $11.77 | $20.15 | $28.52 | $36.89 | $45.26 |
| 45 | $13.46 | $23.53 | $33.59 | $43.66 | $53.72 |
| 50 | $15.48 | $27.56 | $39.64 | $51.71 | $63.79 |
| 55 | $17.62 | $31.84 | $46.06 | $60.28 | $74.50 |
| 60 | $19.88 | $36.35 | $52.83 | $69.31 | $85.79 |
| 65 | $24.20 | $44.99 | $65.79 | $86.58 | $107.38 |
| 70 | $30.42 | $57.43 | $84.45 | $111.47 | $138.49 |
| 75 | $40.99 | $78.57 | $116.16 | $153.75 | $191.34 |
| 80 | $56.88 | $110.36 | $163.83 | ||
| 85 | $87.10 | $170.79 | |||
| 90 | $150.12 | $296.84 |
| MALE AGE | $5,000 | $10,000 | $15,000 | $20,000 | $25,000 |
|---|---|---|---|---|---|
| 40 | $12.77 | $22.14 | $31.51 | $40.89 | $50.26 |
| 45 | $14.90 | $26.41 | $37.91 | $49.42 | $60.92 |
| 50 | $17.50 | $31.60 | $45.70 | $59.81 | $73.91 |
| 55 | $20.65 | $37.89 | $55.14 | $72.39 | $89.63 |
| 60 | $24.45 | $45.50 | $66.55 | $87.60 | $108.65 |
| 65 | $30.34 | $57.28 | $84.22 | $111.16 | $138.10 |
| 70 | $38.37 | $73.35 | $108.32 | $143.29 | $178.27 |
| 75 | $51.42 | $99.44 | $147.46 | $195.48 | $243.50 |
| 80 | $71.87 | $140.34 | $208.80 | ||
| 85 | $113.08 | $222.75 | |||
| 90 | $177.02 | $350.63 |
*Pricing for illustration purposes only and are subject to change without notice.
Getting Approved For Security National Burial Insurance
| BURIAL INSURANCE APPLICATION PROCESS | |
|---|---|
| Rates & coverage | Agent can help provide help with this |
| Underwriting | Agent will help you qualify for the best plan |
| Beneficiary | You determine who will get your death benefit |
| Application | Agent submits application to insurance company |
| Approval | Congratulations on your new policy! |
| Policy start date | Policy active after 1st payment date |
| Policy delivery | 7-10 business days after first draft date |
The Best Payment Option
| PAYMENT METHOD | RECOMMENDED? |
|---|---|
| Savings Account | Best way to pay |
| Checking Account | Best way to pay |
| Cash | Not recommended |
| Money Order | Not recommended |
| Cashier's Check | Not recommended |
| Debit Card | Not recommended |
| Credit Card | Not recommended |
| Direct Express | Not recommended |
| PAYMENT FREQUENCY | RECOMMENDED | ACCEPTED BY |
|---|---|---|
| Monthly | Recommended | All Companies |
| Quarterly | Not Recommended | Some Companies |
| Semi-annually | Not Recommended | Some Companies |
| Annually | Not Recommended | Some Companies |
Security National Company Overview
Security National Life Insurance has been in business since August 11, 1965, and is headquartered in Salt Lake City, Utah. Security National Life operates as a subsidiary of Security National Financial Corp.
Their primary business is prepaid funerals and senior life insurance, which they sell through licensed insurance agents and funeral professionals. Their products include final expense insurance and divers’ life insurance.
FINANCIAL RATINGS
A.M. Best, one of the country’s top financial rating agencies, awarded Security National an A- (Excellent) rating. It means the company’s finances are stable, and clients can be confident that it will pay ongoing financial obligations. The company is financially secure, and they even post their financials for public scrutiny.
How Can Funeral Funds Help Me?
Finding a policy if you want Security National burial insurance needn’t be frustrating; working with an independent agency like Funeral Funds will make the process easier and quicker.
We will work with you every step to find the plan that fits your financial requirements and budget. You don’t have to waste your precious time searching for multiple insurance companies anymore because we will do the work for you.
We work with many A+ rated insurance carriers that specialize in covering high-risk clients like you. We will search all those companies and match you with the best burial insurance company that gives the best rate.
We will assist you in securing the coverage you need at a rate you can afford, so if you are looking for Security National funeral insurance, Security National burial insurance, or Security National life insurance.
Fill out our quote form on this page or call us at (888) 862-9456, and we can give you an accurate quote.
Additional Questions & Answers On Security National Life Insurance
Is Security National Life Insurance still in business?
Yes, Security National Life Insurance is still in business and has provided life insurance policies since August 11, 1965.
Is Security National Life Insurance legitimate?
Security National Life Insurance is a legitimate company providing life insurance policies since 1965.
Who owns Security National Life insurance?
Security National Financial Corp owns Security National Life Insurance.
How long has Security National Life been in business?
Security National Life has been in business since 1965.
What is Security National Life’s financial rating?
Security National Life is awarded Security National an A- (Excellent) rating by A.M. Best.
What is Security National Life’s website?
Check out Security National Life at https://securitynationallife.com/
What is Security National Life insurance phone number?
(800) 574-7117 is the phone number for Security National Life Insurance.
What is Security National Life’s fax number?
(801) 575-9609 is the fax number for Security National Life Insurance.
What is Security National Life’s customer service number?
(800) 574-7117 is the customer service number for Security National Life Insurance.
What is Security National Life’s email address?
You can reach Security National Life Insurance at info@securitynationallife.com.
What is the mailing address for Security National Life?
P.O. Box 57220
Salt Lake City, UT 84157
What is Security National Life’s members’ login?
If you are a Security National Life member, you can access your account at https://members.securitynationallife.com/.
Where is Security National Life located?
Salt Lake City, Utah
What is Security National Life corporate address?
433 Ascension Way, Suite 600
Where can I find Security National Life insurance reviews?
Keep reading to learn how Security National compares with other insurance companies.
Where can I find Security National Life BBB reviews?
You can read Security National Life’s BBB reviews at https://www.bbb.org/us/ut/salt-lake-city/profile/life-insurance/security-national-life-insurance-co-0788-900547/.
How can I get a Security National Life insurance quote?
Get a free quote by filling in the quote form on this page.
How can I make Security National Life insurance online payment?
You can pay to Security National Life Insurance online by visiting https://payment.securitynationallife.com/.
How can I access Security National Life insurance claim form?
You can access the Security National Life insurance claim form by visiting https://claim.securitynationallife.com/.
Where can I check Security National Life insurance complaints?
You can check Security National Life insurance complaints by visiting https://www.ftccomplaintsearch.gov/.
What are the different life insurance products offered by Security National Life?
Security National Life offers the following life insurance products: Term, Whole Life, Universal Life, and Variable Universal Life.
How old do you have to be to apply for Security National Life insurance coverage?
The minimum age to apply for Security National Life insurance coverage is 18.
Can you get first-day coverage with Security National Life?
Yes, you can get first-day coverage with Security National Life.
What is the maximum life insurance coverage that Security National Life offers?
Security National Life offers maximum whole life insurance coverage is $1,000,000.
What are the different payment options for Security National Life insurance?
Security National Life offers the following payment options for their life insurance products: Monthly, Quarterly, Semi-Annually, and Annually.
What are the pros and cons of Security National Life insurance?
Keep reading to learn more about the pros and cons of Security National life insurance.
Is Security National Life an accredited life insurance company?
Yes, Security National Life is an accredited life insurance company.
What are the interest rates for Security National Life’s whole life insurance policies?
The interest rates for Security National Life’s whole life insurance policies vary depending on the policyholder’s age.
How much life insurance can you get with Security National Life insurance?
The amount of life insurance you can get with Security National Life insurance depends on your chosen policy.
What is the minimum death benefit for Security National Life life insurance policies?
The minimum death benefit for Security National Life life insurance policies is $1,000.
What does Security National Life insurance cost?
The cost of Security National Life insurance varies depending on the policy that you choose.
Are there any rider options available with Security National Life?
Yes, there are a variety of rider options available with Security National Life.
Where can I get Security National Life insurance pricing?
You can get Security National Life insurance pricing by filling in the quote form on this page.
Is Security National Life insurance expensive?
Security National Life insurance pricing is comparable to most life insurance companies.
Do you need a medical exam to qualify for Security National Life insurance?
No, you do not need a medical exam to qualify for Security National Life insurance.
How much does Security National Life insurance cost per month?
The cost of Security National Life insurance per month varies depending on your chosen policy.
Can I get life insurance for my family with Security National Life?
Yes, you can get life insurance for your family with Security National Life.
Does Security National Life ask health questions?
Security National Life does ask health questions but does not require a medical exam.
Does Security National Life have a waiting period?
No, Security National Life does not have a waiting period.
Does Security National Life insurance accumulate cash value?
Yes, Security National Life insurance accumulates cash value.
What is the surrender charge for Security National Life insurance?
The surrender charge for Security National Life insurance varies depending on your chosen policy.
What other benefits does Security National Life offer?
Security National Life offers a variety of benefits, including the death benefit, cash value accumulation, and rider options.
Is Security National Life a good life insurance company?
That is a question that only you can answer. However, Security National Life is an accredited life insurance company with a good reputation.
Does Security National Life insurance expire?
No, Security National Life insurance does not expire.
How can I find a replacement for my Security National Life insurance policy?
Contact the company directly to find a replacement for your Security National Life insurance policy, or fill in the quote form on this page.
How do I cancel my Security National Life insurance policy?
You can contact the company directly to cancel your Security National Life insurance policy.
