SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549




                                    FORM 8-K




                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



        Date of Report (Date of Earliest Event Reported): August 25, 2004



                     SECURITY NATIONAL FINANCIAL CORPORATION
             (Exact name of registrant as specified in this Charter)



           Utah                       0-9341                 87-0345941
- -----------------------------   ------------------------ ----------------
(State or other jurisdiction    (Commission File Number) (IRS Employer
 of incorporation)                                       Identification No.)




                 5300 South 360 West, Salt Lake City, Utah 84123
               (Address of principal executive offices) (Zip Code)



       Registrant's Telephone Number, Including Area Code: (801) 264-1060





                                 Does Not Apply
          (Former name or former address, if changed since last report)





ITEM 2.  Agreement  and  Plan of  Reorganization  with  Southern  Security  Life
Insurance Company

     On August 25, 2004, Security National Financial Corporation (the "Company")
through its wholly owned subsidiaries,  Security National Life Insurance Company
and SSLIC Holding Company,  entered into an Agreement and Plan of Reorganization
with Southern Security Life Insurance Company, a Florida  corporation.  Security
National Life Insurance Company and SSLIC Holding Company currently own 76.7% of
the outstanding common shares of Southern Security Life Insurance Company.  Upon
completion of the Agreement and Plan of  Reorganization,  SSLIC Holding  Company
will be merged with and into Southern  Security Life  Insurance  Company,  which
merger,  if  consummated,  would result in (i) Southern  Security Life Insurance
Company becoming a wholly-owned  subsidiary of Security  National Life Insurance
Company and (ii) the  stockholders of Southern  Security Life Insurance  Company
(except for Security  National Life Insurance Company and SSLIC Holding Company)
becoming  entitled to receive  cash for their shares of common stock of Southern
Security Life Insurance Company.

     If the  proposed  merger is  completed,  the  separate  existence  of SSLIC
Holding Company will cease as Southern  Security Life Insurance  Company will be
the surviving  corporation in the merger and will continue to be governed by the
laws of the State of Florida,  and the separate corporate  existence of Southern
Security Life Insurance  Company,  will continue  unaffected by the merger.  The
shares of common  stock  owned by the  stockholders  of Southern  Security  Life
Insurance  Company  (except  for the shares of common  stock  owned by  Security
National Life Insurance Company and SSLIC Holding Company)  immediately prior to
the effective time of the merger will be exchanged for cash.

     The total  amount of cash to be paid by Security  National  Life  Insurance
Company to the  holders of common  stock of  Southern  Security  Life  Insurance
Company (except for Security  National Life Insurance  Company and SSLIC Holding
Company), holding an aggregate of 490,816 shares of the common stock of Southern
Security Life Insurance  Company,  pro rata to the respective  share  ownership,
will be $3.84 per share of common stock, or an aggregate of  $1,884,733.44.  The
490,816 shares of the common stock that Security National Life Insurance Company
has agreed to purchase from  stockholders  of Southern  Security Life  Insurance
Company  represent  23.3% of the  outstanding  shares of Southern  Security Life
Insurance  Company,  or all of the outstanding  shares of Southern Security Life
Insurance  Company,  except  for the  shares of common  stock  held by  Security
National Life Insurance Company and SSLIC Holding Company.

     If the  proposed  merger is  completed,  each share of the common  stock of
Southern  Security Life  Insurance  Company issued and  outstanding  immediately
prior to the  effective  time of the merger  (except for shares of common  stock
held by Security  National Life  Insurance  Company and SSLIC  Holding  Company)
will,  by  virtue  of the  merger  and  without  any  action  on the part of the
stockholder  thereof,  automatically be canceled and converted into the right to
receive cash in the amount equal to $3.84 per share. In addition, each holder of
common shares of Southern Security Life Insurance  Company  immediately prior to
the  effective  time of the merger  (except  for shares of common  stock held by
Security  National Life  Insurance  Company and SSLIC Holding  Company) will, by
virtue of the merger  and  without  any action on the part of such  stockholder,
cease  being a  stockholder  of Southern  Security  Life  Insurance  Company and
automatically  receive cash in an amount equal to the number of shares of common
stock held of record by such  stockholder  at such time  multiplied by $3.84 per
share.

     Southern Security Life Insurance Company has scheduled an Annual Meeting of
Stockholders  to be held on October 8, 2004, in which its  stockholders  will be
asked  to vote  on the  approval  and  adoption  of the  Agreement  and  Plan of
Reorganization.  In order to complete the proposed  merger, a majority of all of
the common  shares  entitled  to vote on the  proposal  by the  stockholders  of
Southern  Security  Life  Insurance  Company  must vote to approve and adopt the
Agreement and Plan of Reorganization.

     The obligations of Security National Life Insurance Company,  SSLIC Holding
Company and Southern  Security Life  Insurance  Company to complete the proposed
merger are subject to the satisfaction of the following conditions:


o    The approval and adoption of the  Agreement and Plan of  Reorganization  by
     the stockholders of Southern Security Life Insurance Company;

o    The  termination  or  expiration of  applicable  waiting  periods under the
     Hart-Scott-Rodino  Antitrust  Improvements Act of 1976, as amended, or such
     compliance  shall  have been  waived by the  governmental  agencies  having
     authority to give such waiver;

o    All  authorizations,  consents,  orders or  approvals  of any  governmental
     entity  (including  the insurance  departments of the states of Florida and
     Utah) necessary for the transactions contemplated by the Agreement and Plan
     of Reorganization shall have been obtained;

o    On the closing date the  dissenting  shares of the common stock of Southern
     Security  Life  Insurance  Company  must not exceed 10% of its  outstanding
     common shares;

o    There shall not be instituted any action or proceeding  before any court or
     governmental agency or other regulatory administrative agency or commission
     challenging  the  transactions  contemplated  by the  Agreement and Plan of
     Reorganization.

o    Each officer and director of Southern Security Life Insurance Company shall
     have executed a letter  containing  the  resignation of such person as such
     officer and/or director effective as of the effective time of the merger or
     such date as Security National Life Insurance Company shall request;

     Security  National  Life  Insurance  Company  and  Southern  Security  Life
Insurance Company can jointly agree to terminate the proposed Agreement and Plan
of  Reorganization  at any given time.  Either  company may also  terminate  the
agreement  under other  circumstances  described  in the  Agreement  and Plan of
Reorganization.

     The Company and Southern  Security Life Insurance Company have retained the
firm of Houlihan  Valuation  Advisors to provide a valuation  report to estimate
the fair  market  value of the  490,816  shares of the common  stock of Southern
Security  Life  Insurance  Company to be purchased in the  transaction  from the
minority  stockholders  as of June 30, 2004, and to express an opinion as to the
fairness to the  minority  stockholders  of  Southern  Security  Life  Insurance
Company of the proposed  purchase by Security National Life Insurance Company of
the 490,816 common shares,  assuming the transaction is consummated as proposed.
Houlihan  Valuation Advisors have provided a fairness opinion to the Company and
Southern  Security Life Insurance Company dated August 25, 2004. In the fairness
opinion,  Houlihan  Valuation  Advisors  state that it is their opinion that the
transaction as proposed in the Agreement and Plan of  Reorganization  is fair to
the minority  shareholders  of Southern  Security Life Insurance  Company from a
financial  point of  view,  assuming  that the  transaction  is  consummated  as
proposed  at a common  share  price of $3.84 per  share,  and that the  minority
shareholders are receiving adequate consideration in the transaction in exchange
for the sale of their common stock.

     Stockholders of Southern Security Life Insurance Company who do not vote in
favor  of the  Agreement  and  Plan of  Reorganization  and who  follow  certain
procedures  have the right to dissent from, and obtain payment for, their shares
in the event of the  consummation  of the proposed  merger.  Any stockholder who
wishes to dissent and demand payment for his shares in the event of consummation
of the Agreement and Plan of  Reorganization  must comply with the  requirements
and procedures  under the Florida  Business  Corporation Act regarding rights of
dissenting stockholders.

ITEM 7.  Financial Statements and Exhibits

         (c)  Exhibits

     10.1 Agreement  and Plan of  Reorganization  among  Security  National Life
          Insurance  Company,  SSLIC Holding Company and Southern  Security Life
          Insurance Company.





                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                         SECURITY NATIONAL
                                         FINANCIAL CORPORATION
                                         (Registrant)



Date: August 30, 2004                    By: /s/ Scott M. Quist
                                         Scott M. Quist, President and Chief
                                         Operating Officer