Security National Financial Corporation Completes Coinsurance Transaction with Mothe Life Insurance and DLE Life Insurance

  Security National Financial Corporation Completes Coinsurance Transaction
  with Mothe Life Insurance and DLE Life Insurance Company

Business Wire

SALT LAKE CITY -- December 27, 2012

Security National Financial Corporation (Nasdaq: SNFCA) announced today it
has, through its wholly owned subsidiary Security National Life Insurance
Company, closed on a coinsurance transaction with Mothe Life Insurance,
located in Gretna, Louisiana and DLE Life Insurance Company, located in
Bogalusa, Louisiana.

"What a great way to finish 2012. This transaction allows Security National to
deepen our presence in Louisiana and the Southeast, a region that is very
important to Security National. By continuing to increase our footprint in the
region, both through direct sales and transactions, we believe we can offer a
better customer service experience to our policyholders, while gaining
efficiencies in our operations,” said Andrew Quist, Vice President and
Associate General Counsel for Security National. “We look forward to a
relationship with Mothe Life that we believe will be beneficial for both
companies and seamless to the policyholders.”

Security National Life coinsured approximately 103,000 policies through this
co-insurance agreement, with an approximate $40,000,000 of reinsured reserves.
Security National Life will administer the reinsured policies.

“This transaction represents a significant increase in Security National
customers and a significant increase in asset size. Security National has a
reputation in the industry of providing excellent customer service, and we
believe the policyholders coinsured under this transaction will find that to
be the case,” Quist said.

Security National Financial Corporation conducts business in three business
segments: life insurance, mortgage banking and cemetery mortuary operations.
As of September 30, 2012, Security National Financial Corporation had revenues
of $167,599,000 and total assets of $560,760,000.

Specific terms of the agreement were not disclosed.

If there are any questions, please contact Mr. Andrew Quist or Mr. Garrett S.
Sill at:

Security National Financial Corporation
P.O. Box 57250
Salt Lake City, Utah 84157
Phone (801) 264-1060
Fax (801) 265-9882

Contact:

Security National Financial Corporation
Andrew Quist, 801-264-1060
fax: 801-265-9882
 
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