Security Mutual Life Elects Two New Directors

(Binghamton, NY • March 18, 2008)- Security Mutual Life Insurance Company of New York has announced the election of two members to its Board of Directors: Alan C. Marcus and Ray F. Barnard. The board approved the new members February 21, 2008.

Alan C. Marcus of Saddle River, New Jersey, is president and CEO of The Marcus Group, Inc., one of the New York metropolitan area’s most honored communications firms. Located in Little Falls, New Jersey, The Marcus Group provides full-service, integrated communications through advertising, public relations, crisis management, government relations, and print and web design services. Since 1970, the company has served clients in a broad spectrum of industries, with a noted emphasis on clients in health care, insurance and financial services.

Named “one of the most influential people in New Jersey” by Business News New Jersey, Marcus is frequently seen as a news and political analyst in newspapers and on television. He has served as an adjunct professor at Rutgers University Graduate School of Business, and on the boards of the Hun School of Princeton, the Garden State Ballet, the Passaic River Coalition, the National Leukemia Association and Gilda’s Club.

Ray F. Barnard has been serving as executive vice president and chief information officer of Fluor Corporation since 2002. With revenues in excess of $15 billion annually, Fluor is a leader in engineering, construction, operations and management and serves multiple business segments and the federal government. In his current position, Barnard is responsible for information technology operations and strategies on a global basis for Fluor and its subsidiaries, managing more than 2,000 information technology employees in 58 countries. Barnard also serves Fluor as a board member and as a member of the company’s Compliance and Ethics Committee.

Prior to joining Fluor Corporation, Barnard held various executive positions with TradeMC, ENSCO Corporation and IBM Corporation, and has also served as a management consultant for a number of companies. Barnard is an advisor to and speaker for AMR Research; a member of the CIO Advisory Council in Washington, D.C.; and an Executive Advisory Board member of Stradling Global Sourcing, LLC.

11th Annual Security Mutual Week: 
September 17-21, 2007

City of Binghamton Mayor Matt Ryan(L) and Security Mutual Life Chairman, President & Chief Executive Officer Bruce W. Boyea

(Binghamton, NY • September 13, 2007) The 11th annual Security Mutual Week in Binghamton begins Monday, September 17, and runs through Friday, September 21.  Binghamton Mayor Matthew Ryan officially declared the week “Security Mutual Week” on Thursday, September 13, at Binghamton City Hall.  The City of Binghamton made this declaration in recognition of Security Mutual’s longstanding commitment to the city and its role in keeping downtown Binghamton strong.

During Security Mutual Week, the Company hosts an advanced educational meeting for its field associates, with about 200 associates in town to attend the meeting. 

Security Mutual Week: 
A Time for Giving to the Community

In addition to hosting this meeting for its field associates, the Company also uses Security Mutual Week as another opportunity to give back to the community.  As a lead-in to Security Mutual Week 2007, Security Mutual and The Black Aces (the African-American major league baseball pitchers who won 20 or more games in a single season) co-presented the 6th Annual “Jim ‘Mudcat’ Grant” All-Star Golf Tournament on Thursday, September 6.  All proceeds from the tournament go to the Broome County Urban League for continuing their programs for area youth.
“Security Mutual is very proud to support the local community,” says Security Mutual Chairman, President and CEO Bruce Boyea.  “We are committed to actively participating in the life of our community and to enhancing its quality of life.  We are also committed to doing business—and bringing business—to downtown Binghamton.”

A.M. Best Affirms Security Mutual’s Rating of A (Excellent)

(Binghamton, New York • August 9, 2007) Security Mutual is pleased to announce that the A.M. Best Company affirmed Security Mutual’s A (Excellent) rating. A.M. Best—the leading provider of ratings, news and financial data for the insurance industry worldwide—also affirmed Security Mutual’s stable outlook.

In its rating rationale, A.M. Best stated that the rating reflects the company’s strong presence within the upscale traditional life insurance market niche, its expanding worksite whole life business, solid and improved capitalization, positively trending individual life sales, high-quality asset portfolio and balanced business mix between traditional individual life, worksite, group life and asset accumulation products. Click here to view Security Mutual’s Financial Strength Rating.

This rating announcement follows Standard & Poor’s affirmation of Security Mutual’s A+ (Strong) rating and stable outlook.

“We are extremely proud of these ratings,” said Security Mutual Chairman, President and Chief Executive Officer Bruce W. Boyea. “Not only do they demonstrate that Security Mutual is a well-managed company, but they also show how successfully we compete against other life insurance companies.”

Click here for additional rating information.

Introducing Advanced Markets Online Calculators

(Binghamton, NY • June 13, 2007) Security Mutual is pleased to introduce Advanced Markets Online Calculators…a valuable financial planning resource. AMO Calculators provides 50 specialized calculators covering the topics of investments, retirement savings and planning, taxes, savings, personal finance, insurance, business and mortgages. Each calculator features a series of definitions with detailed explanations of the type of data needed to complete the calculation. In addition, the calculators provide a visual and written report of the resulting calculations. AMO Calculators is a valuable online resource that can help you and your professional advisors develop a financial planning strategy based on your specific needs. Click here to access Security Mutual’s AMO Calculators.

Security Mutual Releases 2007 Estate Planning Guide

(Binghamton, NY • April 4, 2007)  Security Mutual is pleased to announce the release of the 2007 Estate Planning Guide.  This on-line resource provides valuable information about the need for estate planning and describes estate-planning tools and strategies you can use to help ensure your loved ones’ future financial security.  Some of the topics covered include:  wills, trusts, federal estate tax, federal gift tax, life insurance and protection planning, lifetime gifts, charitable giving, business transfers and much more.  To view this helpful guide, click here.  Be sure to also visit our planning library for other useful financial planning information.