National Security Life & Annuity Company

National Security Life & Annuity Company
100 Court Street
Binghamton, NY 13901
877.446.3060
(607) 723-3551

The National Security Life and Annuity Company is an insurance provider marketing individual variable life insurance and individual variable annuity products. National Security was established in 1886 in Binghamton, New York, and has grown through strategic acquisition. With a huge amount of competition in the industry today, it is quite comforting to know that there are companies that are really looking out for the safety and security of their clients and customers.

National Security is licensed to write insurance in all 50 states and the District of Columbia. The company was licensed as a property insurer and incorporated as Urbaine Insurance Company on 1973. It was originally owned by subsidiaries of Societe Centrale L’Union des Assurances de Paris, France (UAP). The company became a licensed life insurer on May 1973, changing its name to Urbaine Life Insurance Company. Its initial resources of $4,061,574, consisting of common capital stock of $1,000,000 and paid in and contributed surplus of $3,061,574, were made available through the sale of 10,000 shares of common stock. On 1977, the company changed its name to Urbaine Life Reinsurance Company. All of the shares of the company’s capital stock were repurchased by UAP in 1990 and sold to Security Life of Denver Insurance Company on 1993.

On 1994, this prestigious company changed its name to the First ING Life Insurance Company of New York. Security Life of Denver Insurance Company, the former parent of the company, entered into a stock purchase agreement with Security Mutual Life Insurance Company of New York, Ohio National Financial Services and SMON Holdings, Inc. on 2001 to sell the company to SMON. After achieving regulatory approval for the sale on January 3, 2002, the deal was closed on January of the same year. Accordingly, the company changed its name from First ING Life Insurance Company of New York to National Security Life and Annuity Company.

The company’s innovative variable annuity products and services are thoroughly designed to assist in providing solutions to the clients’ financial protection, asset accumulation and wealth distribution needs. These are also all backed by full-service support. National Security offers competitive annuity products, including NScore Premier, NScore Lite, NScore Value and NScore Xtra. National Security’s variable annuities have flexible payment schemes, access to money and a range of retirement income options upon annuitization.

National Security’s investment options include more than 65 portfolio options available in all of its variable annuity products provided by a pool of knowledgeable and reputable investment advisers. Its competitive portfolio delivers long-term value through flexibility, potential performance and reasonable charges.

A.M. Best, America’s oldest and most widely recognized insurance rating and information source, has given National Security a rating of A or excellent, based on an across-the-board quantitative and qualitative evaluation of the company’s balance sheet strength, operating performance and business profile. Ratings such as “excellent” is assigned to companies that have excellent balance sheet strength, operating performance and business profile when compared to the standards established by A.M. Best. These companies, in the opinion of A.M. Best, have an excellent ability to meet their ongoing insurance obligations.