SECURITY NATIONAL FINANCIAL CORP

Security National Financial Corporation operates in three business segments: life insurance, cemetery and mortuary, and mortgages. The life insurance segment sells and services life insurance, annuity products, and accident and health insurance in 42 states. These products are distributed by a commissioned sales force of independent licensed insurance agents. The cemetery and mortuary segment includes eleven mortuaries and five cemeteries in Utah, one cemetery in California, and one cemetery and four mortuaries in New Mexico. This segment also offers pre-need sales of funeral, cemetery, mortuary, and cremation services. The mortgage segment originates, underwrites, or purchases residential and commercial loans for new construction, existing homes, and other real estate projects. It operates through 85 retail offices in 25 states and is an approved mortgage lender in several other states. The company's business segments are designed to be interrelated and contribute to each other's profitability. For instance, the cemetery and mortuary segment enhances public awareness, aiding sales and marketing for insurance and pre-need cemetery and funeral products. The insurance segment invests its assets, including pre-need funeral products and services, in authorized investments. The mortgage segment provides mortgage loans and other real estate investment opportunities. The company, organized as a holding company in 1979, also pursues growth through acquisitions.