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| SECURITY MUTUAL TERM LIFE INSURANCE COMPANY |
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Security Mutual Life Insurance Company of New York offers more than just life insurance and it offers it in 49 states in addition to New York. The company, founded in 1886, provides individual and group coverage, including life, accident, and disability insurance. The company also offers annuities, financial planning, and other services. A subsidiary offers retirement plan consulting and services. The companies continue to jointly own National Security Life and Annuity Company. Over the years, Security Mutual Life has emerged as one of the leading life insurance companies in the United States. Currently, the Company markets its products in all 50 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico.
From $15,000 in assets its first year in existence, Security Mutual Life has grown to more than $2.12 billion in assets with more than $30.7 billion of life insurance in force. The Company's strong performance represents the cumulative effect of many steps taken over time. Mutual Security Life Insurance Company was licensed to operate in the District of Columbia and in all states except Hawaii, New York, Rhode Island, and Vermont. The company offered life insurance, individual and group annuity contracts, personal accident and hospital and medical expense coverage’s, and a universal life product. Mutual Security was placed in rehabilitation in October 1990, with an order of liquidation issued a year later. By 1994, the state life and health insurance guaranty associations helped arrange for all of the company's business to be assumed by a number of assuming insurers. |
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