Security Mutual Life Insurance Companybenefits

Security Mutual Life Insurance Company's benefits plans covered 303 active participants in 2024, providing other. Insurance premiums totaled $4,195,881. Insurance brokers and agents were paid $123,358 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.9% of premiums. That is $407 per covered person, above the median for employer plans that report broker pay. Broker pay rose 11% from $110,992 in 2023.