Security Mutual Life Insurance Review & Ratings (2024)
Discover comprehensive coverage options with Security Mutual Life Insurance. Compare rates, ratings, and customer reviews to make informed decisions about securing your future. With a range of life insurance products, including term life, whole life, and universal life insurance, Security Mutual provides the coverage you need. Protect your loved ones and plan for financial security.
Daniel Walker
Licensed Insurance Agent
Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring tha...
Licensed Insurance Agent
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Security Mutual Life Insurance
Average monthly rate for healthy individuals:
N/AA.M. Best rating:
A-Complaint level:
LowPros
- Long-Standing Reputation: Security Mutual has a rich history dating back to 1886, establishing itself as a reliable and stable life insurance provider.
- Variety of Products: Offers a comprehensive range of life insurance products, including term life, whole life, and universal life insurance, catering to diverse needs.
- Mutual Structure: As a mutual company, Security Mutual is owned by policyholders, prioritizing long-term customer needs over short-term shareholder profits.
- Ethical Practices: Committed to ethical conduct, transparency, and fairness, maintaining high standards in customer service.
- A.M. Best Rating: Holds a solid A- (Excellent) rating from A.M. Best, indicating strong financial stability.
Cons
- Limited Online Capabilities: The company’s online capabilities and digital tools may be somewhat limited compared to more tech-savvy competitors.
- Limited State Availability: Available in a limited number of states, potentially restricting coverage options for some individuals.
- Product Offerings: While the product range is diverse, it may not be as extensive as some larger insurance providers.
- Geographical Limitations: Although licensed in all 50 states, the specific coverage options and availability may vary by location.
- Digital Innovation: While offering a mobile app and online account management, Security Mutual might not provide the most cutting-edge digital features compared to some competitors.
Final Verdict: Review of Security Mutual Life Insurance
Security Mutual Life Insurance is a well-established insurance company with a long history of providing quality coverage to its customers. The company offers a range of life insurance and annuity products at competitive prices, and has a strong financial rating from independent rating agencies.
While the company’s online capabilities and product offerings may be somewhat limited, customers generally report positive experiences with the company’s customer service team, who are knowledgeable and helpful. Security Mutual Life Insurance is available in a limited number of states, so it’s important to check if coverage is available in your area.
Overall, if you’re looking for life insurance or annuity products and want to work with a reputable company with a long track record of providing quality coverage, Security Mutual Life Insurance may be a good choice for you.
What You Should Know About Security Mutual Insurance
Welcome to our comprehensive guide on Security Mutual Life Insurance and its offerings. In this article, we will delve into the key aspects of Security Mutual Life Insurance, including its history, mission, product range, customer reviews, and ratings. Whether you’re seeking term life, whole life, or universal life insurance, we have you covered.
- Over a century of experience providing reliable insurance services
- Offers a range of life insurance products to meet the needs of individuals and families
- Has an A.M. Best financial strength rating of A- (Excellent)
Our goal is to provide you with the information you need to make informed decisions about your insurance coverage. To ensure you find the best rates and coverage options available, we encourage you to enter your zip code below and compare quotes from the top insurance providers in your area. Protect your future and secure peace of mind with Security Mutual Life Insurance.
Security Mutual Life Insurance History and Mission
Security Mutual Life Insurance was founded in 1886 in Binghamton, New York. The company was started by a group of local businessmen who wanted to provide a reliable source of life insurance to their community. In the early years, Security Mutual Life Insurance grew slowly but steadily, building a reputation for financial stability and excellent customer service.
Over the years, Security Mutual Life Insurance has remained committed to its mission of providing high-quality insurance products and services to individuals and families. The company has expanded its product offerings and now offers a range of life insurance options to meet the needs of its customers.
Today, Security Mutual Life Insurance is still headquartered in Binghamton, New York, and remains a mutual company. This means that the company is owned by its policyholders, rather than by shareholders. As a mutual company, Security Mutual Life Insurance is able to focus on meeting the long-term needs of its customers, rather than on generating short-term profits for shareholders.
Security Mutual Life Insurance is also committed to maintaining the highest standards of ethical conduct. The company operates with integrity and transparency, and is dedicated to treating customers with respect and fairness.
Security Mutual Insurance Coverage Options
Security Mutual Life Insurance offers a variety of life insurance products designed to meet the needs of different individuals and families. Here is an overview of the different types of insurance offered by Security Mutual Life Insurance:
- Term life insurance: Term life insurance provides coverage for a specific period of time, usually 10, 20, or 30 years. If the insured dies during the term of the policy, the death benefit is paid to the beneficiary. Term life insurance is typically less expensive than permanent life insurance.
- Whole life insurance: Whole life insurance provides lifetime coverage, and includes a savings component that accumulates cash value over time. Premiums for whole life insurance are typically higher than premiums for term life insurance.
- Universal life insurance: Universal life insurance is a type of permanent life insurance that offers more flexibility than traditional whole life insurance. It allows the policyholder to adjust the death benefit and premium payments over time, as their needs change.
- Indexed universal life insurance: Indexed universal life insurance is a type of universal life insurance that offers the potential for higher returns by linking the cash value to the performance of a stock market index.
- Survivorship life insurance: Survivorship life insurance covers two people, typically spouses, and pays out the death benefit when the second insured dies. This type of insurance is often used as part of estate planning.
- Long-term care insurance: Long-term care insurance provides coverage for the costs associated with long-term care, such as nursing home care or in-home care. This type of insurance can help protect a person’s assets from being depleted by long-term care expenses.
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Security Mutual Insurance Rates Breakdown
The cost of coverage with Security Mutual Life Insurance can vary depending on a number of factors, including the type of insurance you choose, your age, your health, and your lifestyle. Here is a general overview of the factors that can affect the cost of coverage with Security Mutual Life Insurance:
- Age: Generally, the younger you are when you purchase life insurance, the lower your premiums will be.
- Health: Your health is a major factor in determining the cost of your coverage. If you are in good health, you may be able to get lower premiums. If you have pre-existing health conditions, your premiums may be higher.
- Lifestyle: Your lifestyle can also affect the cost of your coverage. If you engage in high-risk activities, such as skydiving or scuba diving, your premiums may be higher.
- Type of insurance: The cost of coverage will also vary depending on the type of insurance you choose. Term life insurance is typically less expensive than permanent life insurance.
- Amount of coverage: The more coverage you need, the higher your premiums will be.
Security Mutual Insurance Discounts Available
Security Mutual Life Insurance offers a variety of discounts to help customers save money on their coverage. Here are some of the discounts that may be available:
- Multi-policy discount: If you have multiple policies with Security Mutual Life Insurance, such as a life insurance policy and a disability insurance policy, you may be eligible for a multi-policy discount.
- Good health discount: If you are in good health and can demonstrate that you maintain a healthy lifestyle, such as by regularly exercising and eating a healthy diet, you may be eligible for a good health discount.
- Safe driving discount: If you have a good driving record and have not been in an accident or received any traffic violations in the past few years, you may be eligible for a safe driving discount.
- Age-based discount: Some life insurance policies may offer discounts based on your age. For example, if you purchase a policy when you are young, you may be eligible for a lower premium.
- Non-smoker discount: If you are a non-smoker, you may be eligible for a discount on your life insurance premiums.
Frequently Asked Questions
What is Security Mutual Life Insurance?
Security Mutual Life Insurance is a life insurance company that has been in business since 1886. It offers a range of life insurance products, including term life insurance, whole life insurance, and universal life insurance.
What are the ratings of Security Mutual Life Insurance?
Security Mutual Life Insurance has an A- (Excellent) rating from A.M. Best, a leading insurance rating agency.
What types of life insurance does Security Mutual offer?
Security Mutual offers term life insurance, whole life insurance, and universal life insurance.
What is term life insurance?
Term life insurance provides coverage for a set period of time, such as 10, 20, or 30 years. If the insured dies during the term of the policy, the death benefit is paid out to the beneficiary.
What is whole life insurance?
Whole life insurance provides coverage for the entire life of the insured. It also builds cash value over time, which can be borrowed against or used to pay premiums.
How much life insurance coverage can I get from Security Mutual?
The amount of coverage you can get from Security Mutual will depend on a variety of factors, including your age, health, and financial situation. You can work with a financial advisor or agent to determine the appropriate amount of coverage for your needs.
How is Security National Insurance rated?
Security National Insurance has an A- (Excellent) rating from A.M. Best, a leading credit rating agency that specializes in the insurance industry. This rating indicates that the company has a strong financial position and is able to meet its financial obligations to policyholders.
Is Security National Insurance a reputable company?
Yes, Security National Insurance is a reputable company that has been in business since 1965. The company has a good reputation for its customer service and claims handling.
What types of life insurance policies does Security National Insurance offer?
Security National Insurance offers a variety of life insurance policies, including term life insurance, whole life insurance, and universal life insurance. These policies are designed to meet the needs of different individuals and families.
How can I get a quote for a life insurance policy from Security National Insurance?
You can get a quote for a life insurance policy from Security National Insurance by visiting their website or contacting their customer service department. You will need to provide some basic information about yourself and your life insurance needs in order to receive a quote.
How do I file a claim with Security National Insurance?
To file a claim with Security National Insurance, you will need to contact their claims department by phone or email. You will need to provide some basic information about the policyholder and the nature of the claim. The claims department will guide you through the process and answer any questions you may have.
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Daniel Walker
Licensed Insurance Agent
Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring tha...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.