SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C.

                                    FORM 10-Q

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



For Quarter Ended June 30, 2003            Commission File Number: 0-9341
-------------------------------            ------------------------------



                     SECURITY NATIONAL FINANCIAL CORPORATION
                            Exact Name of Registrant.



                 UTAH                             87-0345941
------------------------------              -------------------------
(State or other jurisdiction                IRS Identification Number
of incorporation or organization)



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
                                                       --------------



Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

                              YES  X         NO
                                  ---


Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.


Class A Common Stock, $2.00 par value                  4,707,153
-------------------------------------       ----------------------------------
         Title of Class                     Number of Shares Outstanding as of
                                                     June 30, 2003

Class C Common Stock, $.20 par value                   6,103,703
------------------------------------        ----------------------------------
         Title of Class                     Number of Shares Outstanding as of
                                                     June 30, 2003


<PAGE>


            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                                    FORM 10-Q

                           QUARTER ENDED JUNE 30, 2003

                                TABLE OF CONTENTS


                         PART I - FINANCIAL INFORMATION



Item 1       Financial Statements                              Page No.
------                                                         --------

               Consolidated Statement of Earnings - Six and
               three months ended June 30, 2003 and 2002 (unaudited)........3

               Consolidated Balance Sheet - June 30, 2003
               and December 31, 2002 (unaudited)..........................4-5

               Consolidated Statement of Cash Flows -
               Six months ended June 30, 2003 and 2002 (unaudited)..........6

               Notes to Consolidated Financial Statements................7-10


Item 2      Management's Discussion and Analysis........................10-14
------

Item 3      Quantitative and Qualitative Disclosure of Market Risk.........14
------

Item 4      Controls and Procedures........................................14
------

                           PART II - OTHER INFORMATION

            Other Information...........................................14-17

            Signature Page.................................................18

            Certifications..............................................19-21


<PAGE>
<TABLE>
<CAPTION>




                     SECURITY NATIONAL FINANCIAL CORPORATION
                                AND SUBSIDIARIES
                       CONSOLIDATED STATEMENT OF EARNINGS
                                   (Unaudited)

                                                                       Six Months Ended                Three Months Ended
                                                                           June 30,                         June 30,
                                                                          --------                          --------
Revenues:                                                          2003             2002            2003             2002
--------                                                           ----             ----            ----             ----
<S>                                                             <C>              <C>             <C>             <C>
Insurance premiums and other considerations                     $11,590,095      $6,692,209      $5,725,668      $3,369,453
Net investment income                                             8,365,540       5,451,638       4,445,168       2,527,873
Net mortuary and cemetery sales                                   5,295,245       5,539,033       2,710,389       2,810,770
Realized gains on investments and other assets                           --         718,816              --            (601)
Mortgage fee income                                              52,912,149      18,840,224      31,156,229       8,974,233
Other                                                               183,425         308,967          59,303         267,620
                                                               ------------    ------------    ------------    ------------
   Total revenues                                                78,346,454      37,550,887      44,096,757      17,949,348

Benefits and expenses:
Death benefits                                                    7,043,060       2,973,101       3,224,741       1,304,431
Surrenders and other policy benefits                              1,101,092       1,070,100         495,936         440,189
Increase in future policy benefits                                2,807,653       2,059,116       1,391,082       1,311,930
Amortization of deferred policy acquisition costs
   and cost of insurance acquired                                 2,268,779       1,768,769       1,309,884         934,242
General and administrative expenses:
   Commissions                                                   39,220,239      13,962,770      23,369,602       6,931,677
   Salaries                                                       6,957,688       5,383,137       3,735,297       2,774,187
   Other 10,183,897                                               6,365,369       5,563,786       3,054,028
Interest expense                                                  1,799,438         522,796         975,970         200,443
Cost of goods and services sold
  of the mortuaries and cemeteries                                1,123,738       1,282,793         562,871         682,468
                                                               ------------    ------------    ------------    ------------
   Total benefits and expenses                                   72,505,584      35,387,951      40,629,169      17,633,595

Earnings before income taxes                                      5,840,870       2,162,936       3,467,588         315,753
Income tax expense                                               (1,920,227)       (530,818)     (1,252,685)        (74,446)
Minority interest (income) loss of subsidiary                       (14,406)         14,365           6,284          25,315
                                                               ------------    ------------    ------------    ------------
      Net earnings                                               $3,906,237      $1,646,483      $2,221,187        $266,622
                                                               ============    ============    ============    ============

Net earnings per common share                                         $0.74            $.35            $.42            $.06
                                                               ============    ============    ============    ============
   Weighted average outstanding common shares                     5,301,245       4,678,817       5,317,068       4,680,628
                                                               ============    ============    ============    ============

Net earnings per common share-assuming dilution                        $.71            $.33            $.40            $.05
                                                               ============    ============    ============    ============
   Weighted average outstanding common shares
      assuming-dilution                                           5,514,930       5,011,394       5,537,942       5,024,915
                                                               ============    ============    ============    ============
</TABLE>



See accompanying notes to consolidated financial statements


<PAGE>


                     SECURITY NATIONAL FINANCIAL CORPORATION
                                AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET



                                                  June 30, 2003     December 31,
                                                   (Unaudited)         2002
                                                  --------------    -----------
Assets:
------
Insurance-related investments:
Fixed maturity securities held
   to maturity, at amortized cost                  $35,422,326      $33,015,097
Fixed maturity securities available
   for sale, at market                              18,423,272       18,514,943
Equity securities available for sale,
   at market                                         3,015,675        2,642,093
Mortgage loans on real estate                       22,798,053       21,016,008
Real estate, net of accumulated
   depreciation and allowances for losses            9,301,555        9,331,248
Policy, student and other loans                     10,927,977       10,974,165
Short-term investments                               3,108,127        5,335,478
                                                 -------------    -------------
      Total insurance-related
         investments                               102,996,985      100,829,032
                                                 -------------    -------------
Restricted assets of cemeteries and mortuaries       5,308,761        5,332,736
                                                 -------------    -------------
Cash                                                 5,392,385       38,199,041
                                                 -------------    -------------
Receivables:
   Trade contracts                                  17,119,581       11,358,027
   Mortgage loans sold to investors                128,615,874       89,455,105
   Receivable from agents                            1,604,576        2,054,071
   Receivable from officers                             55,290           70,290
   Other                                             1,690,646        1,131,977
                                                 -------------    -------------
      Total receivables                            149,085,967      104,069,470
   Allowance for doubtful accounts                  (3,975,375)      (2,385,309)
                                                 -------------    -------------
   Net receivables                                 145,110,592      101,684,161
                                                 -------------    -------------
Policyholder accounts on deposit
   with reinsurer                                    6,877,703        6,955,691
Land and improvements held for sale                  8,528,444        8,429,215
Accrued investment income                            1,050,951          928,287
Deferred policy and pre-need acquisition costs      16,752,198       15,917,257
Property, plant and equipment, net                  10,789,793       10,921,635
Cost of insurance acquired                          15,488,104       16,330,711
Excess of cost over net assets
   of acquired subsidiaries                            683,191          683,191
Other                                                  759,359          945,805
                                                 -------------    -------------
      Total assets                                $319,738,466     $307,156,762
                                                 =============    =============






See accompanying notes to consolidated financial statements.


<PAGE>


                     SECURITY NATIONAL FINANCIAL CORPORATION
                                AND SUBSIDIARIES
                     CONSOLIDATED BALANCE SHEET (Continued)


                                                 June 30, 2003     December 31,
                                                  (Unaudited)          2002
Liabilities:
Future life, annuity, and other policy benefits   $217,840,855     $215,980,207
Unearned premium reserve                             1,998,696        1,914,700
Bank loans payable                                  14,872,996       16,113,227
Notes and contracts payable                          4,694,002        3,160,009
Deferred pre-need cemetery and funeral
   contracts revenues and estimated future
   cost of pre-need sales                           10,323,844       10,002,396
Accounts payable                                     2,221,139        1,553,777
Funds held under reinsurance treaties                1,312,974        1,334,964
Other liabilities and accrued expenses              15,739,373       10,182,382
Income taxes                                        10,023,961        8,103,882
                                                 -------------    -------------

      Total liabilities                            279,027,840      268,345,544
                                                 -------------    -------------

Commitments and Contingencies                          --               --

Minority interest                                    4,073,443        4,297,807
                                                 -------------    -------------

Stockholders' Equity:
Common stock:
      Class A: $2.00 par value, authorized
       10,000,000 shares, issued 5,860,369 shares
       in 2003 and 5,794,492 shares in 2002         11,720,739       11,588,984
      Class C: $0.20 par value, authorized
       7,500,000 shares, issued 6,175,452 shares
       in 2003 and 6,182,669 shares in 2002          1,235,089        1,236,533
                                                 -------------    -------------
Total common stock                                  12,955,828       12,825,517
Additional paid-in capital                          11,516,685       11,280,842
Accumulated other comprehensive income
      (loss) and other items, net of deferred taxes   (708,569)       1,191,863
Retained earnings                                   15,657,826       11,992,542
Treasury stock at cost ( 1,153,216 Class A
   shares and 71,749 Class C shares in 2003;
   1,151,811 Class A shares and 71,749 Class
   C shares in 2002, held by affiliated companies)  (2,784,587)      (2,777,353)
                                                 -------------    -------------
Total stockholders' equity                          36,637,183       34,513,411
                                                 -------------    -------------
   Total liabilities and stockholders' equity     $319,738,466     $307,156,762
                                                 =============    =============



See accompanying notes to consolidated financial statements.


<PAGE>


                     SECURITY NATIONAL FINANCIAL CORPORATION
                                AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)



                                                    Six Months Ended June 30,
                                                      2003            2002
                                                      ----            ----
Cash flows from operating activities:
      Net cash provided by (used in)
       operating activities                      $(25,866,840)     $7,127,294
                                                 ------------    ------------

Cash flows from investing activities: Securities
   held to maturity:
      Purchase - fixed maturity securities         (7,580,086)     (4,062,931)
      Calls and maturities - fixed
        maturity securities                         5,183,815       3,046,980
   Securities available for sale:
      Calls and maturities - fixed
         maturity securities                          360,000       2,301,497
   Purchases of equity securities                     (51,921)           (367)
   Purchases of short-term investments            (11,648,133)     (1,182,397)
   Sales of short-term investments                 13,875,484              --
   Purchases of restricted assets                      23,975        (193,141)
   Mortgage, policy, and other loans made          (7,616,206)       (652,143)
   Payments received for mortgage,
      real estate, policy, and other loans          5,860,877       3,197,227
   Purchases of property, plant,
      and equipment                                  (614,440)       (869,642)
   Purchases of real estate                          (673,888)     (1,409,857)
   Sale of real estate                                477,979              --
                                                 ------------    ------------

         Net cash provided by
            (used in) investing activities         (2,402,544)        175,226
                                                 ------------    ------------

Cash flows from financing activities:
   Annuity receipts                                 2,951,308       4,345,939
   Annuity withdrawals                             (5,290,214)     (5,649,206)
   Repayment of bank loans and notes and
      contracts payable                            (2,216,333)       (808,626)
   Proceeds from borrowings on bank loans
      and notes and contracts payable                  --             186,594
   Sale of Treasury Stock                              --              37,824
   Other                                               17,967          --
                                                 ------------    ------------

   Net cash (used in) provided by
      financing activities                         (4,537,272)     (1,887,475)
                                                 ------------    ------------
Net change in cash                                (32,806,656)      5,415,045

Cash at beginning of period                        38,199,041       8,757,246
                                                 ------------    ------------

Cash at end of period                              $5,392,385     $14,172,291
                                                 ============    ============

See accompanying notes to consolidated financial statements

            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                           June 30, 2003, (Unaudited)

1.  Basis of Presentation

The accompanying  unaudited consolidated financial statements have been prepared
in accordance with accounting principles generally accepted in the United States
of America for interim  financial  information and with the instructions to Form
10-Q and Article 10 of Regulation S-X.  Accordingly,  they do not include all of
the  information  and  footnotes  required by  accounting  principles  generally
accepted in the United States of America for complete financial  statements.  In
the opinion of  management,  all  adjustments  (consisting  of normal  recurring
accruals)  considered  necessary  for a fair  presentation  have been  included.
Operating  results  for the three and six months  ended June 30,  2003,  are not
necessarily  indicative  of the results that may be expected for the year ending
December 31, 2003. For further information,  refer to the consolidated financial
statements and footnotes thereto for the year ended December 31, 2002,  included
in the Company's Quarterly Report on Form 10-K (file number 0-9341).

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  that affect the amounts  reported in the  financial
statements  and  accompanying  notes.  Actual  results  could  differ from those
estimates.

The estimates  susceptible to  significant  change are those used in determining
the liability for future policy  benefits and claims,  those used in determining
valuation  allowances  for  mortgage  loans on real  estate,  and those  used in
determining  the  estimated  future  costs for  pre-need  sales.  Although  some
variability  is inherent in these  estimates,  management  believes  the amounts
provided are adequate.

2.   Comprehensive Income

For the six months  ended June 30,  2003 and 2002,  total  comprehensive  income
amounted to $2,005,805 and $1,550,514, respectively.

For the three months ended June 30, 2003 and 2002,  total  comprehensive  income
amounted to $2,306,033 and $242,703, respectively.

3.   Stock-Based Compensation

The Company  accounts for  stock-based  compensation  under the  recognition and
measurement  principles  of APB Opinion No. 25,  Accounting  for Stock Issued to
Employees,  and related  interpretations.  The Company has adopted SFAS No. 123,
"Accounting for Stock-Based Compensation".  In accordance with the provisions of
SFAS 123,  the Company has  elected to continue to apply  Accounting  Principles
Board Opinion No. 25,  "Accounting for Stock Issued to Employees"  ("APB Opinion
No. 25"), and related  interpretations in accounting for its stock option plans.
In accordance with APB Opinion No. 25, no compensation  cost has been recognized
for these plans.  Had  compensation  cost for these plans been determined  based
upon the fair value at the grant date consistent with the methodology prescribed
under SFAS No. 123, the  Company's  net earnings  would have been reduced by the
following:

                                                    Six Months Ended June 30,
                                                    2003                2002
                                                    ----                ----
Net earnings as reported                       $3,906,237           $1,646,483
Deduct:  Total stock-based employee compensation
      expense determined under fair value based
      method for all awards, net of related
      tax effects                                (133,000)               --
                                              -----------           -----------

Pro forma net earnings                         $3,773,237           $1,646,483
                                               ==========           ==========

            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                            June 30, 2003 (Unaudited)

                                                   Six Months Ended June 30,
                                                  2003                  2002
                                                  ----                  ----
      Net earnings per common share:
        Basic - as reported                      $.74                   $.35
        Basic - pro forma                        $.71                   $.35
        Diluted - as reported                    $.71                   $.33
        Diluted - pro forma                      $.68                   $.33

4.    Earnings Per Share
In accordance with SFAS 128, the basic and diluted earnings per share amounts
were calculated as follows:

                                                    Six Months Ended June 30,
                                                   2003                  2002
                                                  ----                   ----
Numerator:
      Net income                              $3,906,237            $1,646,483
                                             ==========             ==========
Denominator:
      Denominator for basic earnings per share-
        weighted-average shares                5,301,245             4,678,817
                                              ==========           ===========

      Effect of dilutive securities:
        Employee stock options                   208,961               304,318
        Stock appreciation rights                  4,724                28,259
                                           -------------           -----------
      Dilutive potential common shares           213,930               332,577
                                             -----------           -----------
      Denominator for diluted earnings per
        share-adjusted weighted-average
        shares and  assumed conversions        5,514,247             5,011,394
                                             ===========           ===========

      Basic earnings per share                      $.74                  $.35
                                                    ====                  ====

      Diluted earnings per share                    $.71                  $.33
                                                    ====                  ====

                                                  Three Months Ended June 30,
                                                 2003                    2002
                                                 ----                    ----
Numerator:
      Net income                              $2,221,187              $266,622
                                              ==========              ========
Denominator:
      Denominator for basic earnings per share-
        weighted-average shares                5,317,068             4,680,628
                                             -----------           -----------

      Effect of dilutive securities:
        Employee stock options                   216,081               314,050
        Stock appreciation rights                  4,793                30,237
                                           -------------           -----------
      Dilutive potential common shares           220,874               344,287
                                             -----------           -----------

      Denominator for diluted earnings per
        share-adjusted weighted-average shares
        and assumed conversions                5,537,942             5,024,915
                                             ===========           ===========

      Basic earnings per share                      $.42                  $.06
                                                    ====                  ====

      Diluted earnings per share                    $.40                  $.05
                                                    ====                  ====

<PAGE>
<TABLE>
<CAPTION>


            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                           June 30, 2003, (Unaudited)

5.  Business Segment
                                Life           Cemetery/                     Reconciling
                              Insurance        Mortuary       Mortgage         Items        Consolidated
                              ----------       ---------      ---------      ------------   ------------
For the Six Months Ended
June 30, 2003
------------------------
<S>                          <C>              <C>          <C>              <C>            <C>
Revenues from
      external customers      $14,774,646     $5,828,578    $57,743,230 $            --     $78,346,454

Intersegment revenues           4,715,862             --              --     (4,715,862)             --

Segment profit (loss)             603,100        (89,628)      5,327,398             --       5,840,870

Identifiable assets           304,595,198     43,015,895      24,293,368    (52,165,995)    319,738,466



For the Six Months Ended
June 30, 2002
------------------------
Revenues from
   external customers          $9,761,198     $6,751,231     $21,038,458    $        --     $37,550,887

Intersegment revenues           2,277,396             --              --     (2,277,396)             --

Segment profit (loss)             504,694      1,026,417         631,825             --       2,162,936

Identifiable assets           202,337,272     40,505,340       5,717,796    (33,930,211)    214,630,197


For the Three Months Ended
June 30, 2003
--------------------------
Revenues from
   external customers          $7,338,524     $2,987,765     $33,770,468    $        --     $44,096,757

Intersegment revenues           1,900,134             --              --     (1,900,134)             --

Segment profit                    715,561          7,651       2,744,376             --       3,467,588

For the Three Months Ended
June 30, 2002
--------------------------
Revenues from
   external customers          $4,887,456     $3,062,323      $9,999,569      $      --     $17,949,348

Intersegment revenues           1,071,324             --              --     (1,071,324)             --

Segment profit                    168,843         55,575          91,335             --         315,753
</TABLE>


<PAGE>


            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                           June 30, 2003, (Unaudited)

6. Recent Acquisition

On December 23, 2002, the Company  completed an asset purchase  transaction with
Acadian Life Insurance  Company,  a Louisiana  domiciled life insurance  company
("Acadian"),  in which it  acquired  from  Acadian  $75,000,000  in  assets  and
$75,000,000 in insurance reserves through its wholly owned subsidiary,  Security
National Life Insurance Company,  a Utah domiciled life insurance  company.  The
acquired assets consist  primarily of  approximately  275,000 funeral  insurance
policies  in force in the  state of  Mississippi.  The  assets  were  originally
acquired by Acadian from Gulf National Life Insurance  Company ("GNLIC") on June
6, 2001,  consisting of all of GNLIC's insurance policies in force and in effect
on June 1, 2001.

7.       Recent Accounting Pronouncements

In April  2003,  the FASB issued SFAS No. 149,  Amendment  of  Statement  133 on
Derivative Instruments and Hedging Activities. SFAS No. 149 amends and clarifies
financial accounting and reporting for derivative instruments, including certain
derivative instruments embedded in other contracts  (collectively referred to as
derivatives)  and for  hedging  activities  under SFAS No. 133,  Accounting  for
Derivative  Instruments and Hedging Activities.  This Statement is effective for
contracts entered into or modified after June 30, 2003, with certain exceptions,
and for hedging  relationships  designated after June 30, 2003. We are currently
evaluating the effect that the adoption of SFAS No. 149 will have on our results
of operations and financial position.

In May 2003,  the FASB issued SFAS No. 150,  "Accounting  for Certain  Financial
Instruments with  Characteristics  of both Liabilities and Equity." SFAS No. 150
requires that certain financial  instruments,  which under previous guidance may
have been accounted for as equity,  must now be accounted for as liabilities (or
an asset in some  circumstances).  The financial  instruments  affected  include
mandatory  redeemable stock,  certain financial  instruments that require or may
require the issuer to buy back some of its shares in exchange  for cash or other
assets and certain  obligations  that can be settled with shares of stock.  This
Statement  is  effective  for all such  financial  instruments  entered  into or
modified  after May 31, 2003, and otherwise is effective at the beginning of the
first interim period beginning after June 15, 2003. We are currently  evaluating
the  effect  that the  adoption  of SFAS No.  150 will  have on our  results  of
operations and financial position.

Item 2.  Management's Discussion and Analysis

Overview

The Company's  operations  over the last several years  generally  reflect three
trends or events which the Company expects to continue:  (i) increased attention
to "niche" insurance  products,  such as the Company's funeral plan policies and
traditional  whole-life  products;   (ii)  emphasis  on  cemetery  and  mortuary
business;  and (iii)  capitalizing  on lower interest  rates by originating  and
refinancing mortgage loans.

During the six months ended June 30, 2003,  Security  National  Mortgage Company
("SNMC")  experienced  increases  in revenue and expenses due to the increase in
loan volume of its operations.  SNMC is a mortgage lender incorporated under the
laws of the State of Utah. SNMC is approved and regulated by the Federal Housing
Administration  (FHA), a department of the U.S.  Department of Housing and Urban
Development  (HUD),  to originate  mortgage  loans that  qualify for  government
insurance in the event of default by the borrower.  SNMC obtains loans primarily
from independent brokers and correspondents.  SNMC funds the loans from internal
cash flows and lines of credit from financial  institutions.  SNMC receives fees
from the borrowers and other secondary

<PAGE>


fees from third party investors who purchase the loans from SNMC. SNMC sells all
of its loans to third party  investors  and does not retain  servicing  to these
loans. SNMC pays the brokers and  correspondents a commission for loans that are
brokered through SNMC. SNMC originated and sold 9,995 ($1,462,000,000) and 4,132
($587,497,000)  loans  respectively  for the six months  ended June 30, 2003 and
2002.

On December 23, 2002, the Company  completed an asset purchase  transaction with
Acadian Life Insurance  Company,  a Louisiana  domiciled life insurance  company
("Acadian"),  in which it  acquired  from  Acadian  $75,000,000  in  assets  and
$75,000,000 in insurance reserves through its wholly owned subsidiary,  Security
National Life Insurance Company,  a Utah domiciled life insurance  company.  The
acquired assets consist  primarily of  approximately  275,000 funeral  insurance
policies  in force in the  state of  Mississippi.  The  assets  were  originally
acquired by Acadian from Gulf National Life Insurance  Company ("GNLIC") on June
6, 2001,  consisting of all of GNLIC's insurance policies in force and in effect
on June 1, 2001.

Results of Operations

Six Months Ended June 30, 2003 Compared to Six Months Ended June 30, 2002

Total revenues increased by $40,795,000, or 108.6%, to $78,346,000,  for the six
months ended June 30, 2003,  from  $37,551,000 for the six months ended June 30,
2002. Contributing to this increase in total revenues was a $34,072,000 increase
in mortgage fee income,  a $4,898,000  increase in insurance  premiums and other
considerations, and a $2,914,000 increase in net investment income.

Insurance premiums and other considerations  increased by $4,898,000,  or 73.2%,
to $11,590,000  for the six months ended June 30, 2003,  from $6,692,000 for the
comparable  period in 2002.  This increase was  primarily due to the  additional
insurance premiums from the policies acquired in the asset purchase  transaction
with Acadian Life.

Net investment  income increased by $2,914,000,  or 53.5%, to $8,366,000 for the
six months ended June 30, 2003,  from  $5,452,000 for the  comparable  period in
2002.  This increase was primarily  attributable  to the  additional  investment
income from the assets acquired in the asset purchase  transaction  with Acadian
Life.

Net mortuary and cemetery  sales  decreased by $244,000,  or 4.4%, to $5,295,000
for the six months  ended June 30,  2003,  from  $5,539,000  for the  comparable
period in 2002. This decrease was primarily due to fewer at-need mortuary sales.

Realized gains on investments and other assets decreased by $719,000 or 100%, to
$0 for the six months ended June 30,  2003,  from  $719,000  for the  comparable
period in 2002.  This decrease was the result of gains on sale of real estate in
2002.

Mortgage fee income increased by $34,072,000,  or 180.8%, to $52,912,000 for the
six months ended June 30, 2003, from  $18,840,000  for the comparable  period in
2002.  This  increase was  primarily  attributable  to a greater  number of loan
originations during the six months of 2003 due to lower interest rates resulting
in more borrowers refinancing their mortgage loans.

Total benefits and expenses were  $72,506,000,  or 92.6%,  of total revenues for
the six months ended June 30, 2003,  as compared to  $35,388,000,  or 94.2%,  of
total revenues for the comparable period in 2002.

Death  benefits,  surrenders and other policy  benefits,  and increase in future
policy  benefits  increased  by  an  aggregate  of  $4,850,000,   or  79.5%,  to
$10,952,000  for the six months ended June 30,  2003,  from  $6,102,000  for the
comparable  period in 2002.  This increase was  primarily due to the  additional
death benefits,  surrenders and other policy benefits from the policies acquired
in the asset purchase transaction with Acadian Life.


<PAGE>


Amortization of deferred policy acquisition costs and cost of insurance acquired
increased by $500,000, or 28.3%, to $2,269,000 for the six months ended June 30,
2003,  from  $1,769,000  for the  comparable  period in 2002.  This increase was
primarily due to the  additional  amortization  of deferred  policy  acquisition
costs and cost of insurance  acquired from the additional  policies  acquired in
the asset purchase transaction with Acadian Life.

General and  administrative  expenses  increased by $30,651,000,  or 119.2%,  to
$56,362,000  for the six months ended June 30, 2003,  from  $25,711,000  for the
comparable period in 2002. This increase  primarily resulted from an increase in
commissions  and other  expenses due to additional  mortgage  loan  originations
having been made by the Company's  mortgage  subsidiary during the six months of
2003.

Interest expense  increased by $1,277,000,  or 244.2%, to $1,799,000 for the six
months ended June 30, 2003,  from  $523,000 for the  comparable  period in 2002.
This increase was primarily due to additional warehouse lines of credit required
for  the  additional  mortgage  loan  originations  by  the  Company's  mortgage
subsidiary.

Cost of goods and services sold of the mortuaries  and  cemeteries  decreased by
$159,000,  or 12.4%,  to $1,124,000 for the six months ended June 30, 2003, from
$1,283,000 for the comparable period in 2002. This decrease was primarily due to
fewer at-need mortuary sales.

Second Quarter of 2003 Compared to Second Quarter of 2002

Total revenues  increased by  $26,148,000  to  $44,097,000  for the three months
ended June 30, 2003, from  $17,949,000 for the three months ended June 30, 2002.
Contributing  to this increase in total  revenues was a $22,182,000  increase in
mortgage  fee income,  a  $2,357,000  increase in  insurance  premiums and other
considerations, and a $1,917,000 increase in net investment income.

Insurance premiums and other considerations  increased by $2,357,000,  or 69.9%,
to $5,726,000 for the three months ended June 30, 2003,  from $3,369,000 for the
comparable  period in 2002.  This increase was  primarily due to the  additional
insurance premiums from the policies acquired in the asset purchase  transaction
with Acadian Life.

Net investment  income increased by $1,917,000,  or 75.8%, to $4,445,000 for the
three months ended June 30, 2003, from  $2,528,000 for the comparable  period in
2002.  This increase was primarily  attributable  to the  additional  investment
income from the assets acquired in the asset purchase  transaction  with Acadian
Life.

Net mortuary and cemetery  sales  decreased by $101,000,  or 3.6%, to $2,710,000
for the three months ended June 30, 2003,  from  $2,811,000  for the  comparable
period in 2002. This decrease was primarily due to fewer at-need mortuary sales.

Mortgage fee income increased by $22,182,000,  or 247.2%, to $31,156,000 for the
three months ended June 30, 2003, from  $8,974,000 for the comparable  period in
2002.  This  increase was  primarily  attributable  to a greater  number of loan
originations  during the second  quarter of 2003,  due to lower  interest  rates
resulting in more borrowers refinancing their mortgage loans.

Total benefits and expenses were  $40,629,000,  or 92.1%,  of total revenues for
the three months ended June 30 2003, as compared to  $17,634,000,  or 98.3%,  of
total revenues for the comparable period in 2002.

Death  benefits,  surrenders and other policy  benefits,  and increase in future
policy benefits decreased by an aggregate of $2,055,000, or 67.2%, to $5,112,000
for the three months ended June 30, 2003,  from  $3,057,000  for the  comparable
period  in  2002.  This  increase  was  primarily  due to the  additional  death
benefits, surrenders and other policy benefits from the policies acquired in the
asset purchase transaction with Acadian Life.


<PAGE>


Amortization of deferred policy acquisition costs and cost of insurance acquired
increased by $376,000 or 40.2%,  to  $1,310,000  for the three months ended June
30, 2003,  from $934,000 for the  comparable  period in 2002.  This increase was
primarily due to the  additional  amortization  of deferred  policy  acquisition
costs and cost of insurance  acquired from the additional  policies  acquired in
the asset purchase transaction with Acadian Life.

General and  administrative  expenses  increased by $19,909,000,  or 156.0%,  to
$32,669,000 for the three months ended June 30, 2003,  from  $12,760,000 for the
comparable period in 2002. This increase  primarily resulted from an increase in
commissions  and other  expenses due to additional  mortgage  loan  originations
having been made by the Company's mortgage  subsidiary during the second quarter
of 2003.

Interest  expense  increased by $776,000,  or 386.9%,  to $976,000 for the three
months ended June 30, 2003,  from  $200,000 for the  comparable  period in 2002.
This increase was primarily due to additional warehouse lines of credit required
for  the  additional  mortgage  loan  originations  by  the  Company's  mortgage
subsidiary.

Cost of goods and services sold of the mortuaries  and  cemeteries  decreased by
$119,000,  or 17.5%,  to $563,000 for the three months ended June 30, 2003, from
$682,000 for the comparable  period in 2002.  This decrease was primarily due to
fewer at-need mortuary sales.

Liquidity and Capital Resources

The Company's life insurance subsidiaries and cemetery and mortuary subsidiaries
realize  cash flow  from  premiums,  contract  payments  and  sales on  personal
services  rendered  for  cemetery  and  mortuary  business,  from  interest  and
dividends  on  invested  assets,  and from the  proceeds  from the  maturity  of
held-to-maturity  investments,  or  sale  of  other  investments.  The  mortgage
subsidiary realizes cash flow from fees generated by originating and refinancing
mortgage loans and interest  earned on mortgages sold to investors.  The Company
considers these sources of cash flow to be adequate to fund future  policyholder
and  cemetery and mortuary  liabilities,  which  generally  are  long-term,  and
adequate to pay current policyholder claims,  annuity payments,  expenses on the
issuance of new policies,  the maintenance of existing  policies,  debt service,
and operating expenses.

The  Company  attempts  to  match  the  duration  of  invested  assets  with its
policyholder  and  cemetery  and  mortuary  liabilities.  The  Company  may sell
investments other than those  held-to-maturity  in the portfolio to help in this
timing;  however,  to date, that has not been necessary.  The Company  purchases
short-term  investments  on a  temporary  basis  to  meet  the  expectations  of
short-term  requirements  of the Company's  products.  The Company's  investment
philosophy is intended to provide a rate of return which will persist during the
expected  duration  of  policyholder  and  cemetery  and  mortuary   liabilities
regardless of future interest rate movements.

The Company's  investment  policy is to invest  predominantly  in fixed maturity
securities,  mortgage loans, and warehouse  mortgage loans on a short-term basis
before selling the loans to investors in accordance  with the  requirements  and
laws  governing  the  life  insurance  subsidiaries.  Bonds  owned  by the  life
insurance  subsidiaries amounted to $53,846,000 as of June 30, 2003, compared to
$51,530,000  as of December 31, 2002.  This  represents 52% and 51% of the total
insurance-related  investments  as of June 30,  2003,  and  December  31,  2002,
respectively.  Generally, all bonds owned by the life insurance subsidiaries are
rated by the National Association of Insurance Commissioners.  Under this rating
system,  there are six  categories  used for rating bonds.  At June 30, 2003 and
December 31, 2002, 3%  ($1,831,000)  and 4%  ($1,903,000) of the Company's total
investment  in bonds were invested in bonds in rating  categories  three through
six, which are considered non-investment grade.

The Company has  classified  certain of its fixed income  securities,  including
high-yield  securities,  in its  portfolio  as  available  for  sale,  with  the
remainder  classified as held to maturity.  However,  in accordance with Company
policy,  any such securities  purchased in the future will be classified as held
to maturity. Business conditions, however, may

<PAGE>


develop in the future  which may indicate a need for a higher level of liquidity
in the investment  portfolio.  In that event the Company  believes it could sell
short-term  investment  grade  securities  before  liquidating   higher-yielding
longer-term securities.

The Company has a substantial portion of its assets invested in cash, short-term
investments and mortgage loans sold to investors.  If market  conditions were to
change so that rates for these  investments were to drop or if these investments
and higher  yielding  long-term  investments  were not available,  the Company's
interest  rate  spread  (excess  interest  earned  over  interest   credited  to
policyholders)  would be  adversely  affected  and could  result in  significant
decreases in the Company's overall profitability or losses.

The Company is subject to risk based capital guidelines established by statutory
regulators  requiring  minimum  capital  levels based on the  perceived  risk of
assets, liabilities, disintermediation, and business risk. At June 30, 2003, and
December  31,  2002,  the life  insurance  subsidiary  exceeded  the  regulatory
criteria.

The Company's total  capitalization  of  stockholders'  equity and bank debt and
notes payable was $56,204,000 as of June 30, 2003, as compared to $53,787,000 as
of  December  31,  2002.  Stockholders'  equity as a percent  of  capitalization
increased to 65 % as of June 30, 2003, from 64% as of December 31, 2002.

Lapse  rates  measure the amount of  insurance  terminated  during a  particular
period.  The  Company's  lapse  rate for  life  insurance  in 2002 was  10.7% as
compared to a rate of 13.2% for 2001. The 2003 lapse rate has been approximately
the same as 2002.

At June 30, 2003, $22,088,000 of the Company's consolidated stockholders' equity
represents  the statutory  stockholders'  equity of the Company's life insurance
subsidiaries.  The life  insurance  subsidiaries  cannot pay a  dividend  to its
parent company without the approval of insurance regulatory authorities.

Item 3.  Quantitative and Qualitative Disclosure of Market Risk

There have been no  significant  changes since the annual report Form 10-K filed
for the year ended December 31, 2002.

Item 4.   Controls and Procedures

The  Company's  Chief  Executive  Officer and its Chief  Financial  Officer (the
"Certifying  Officers"),   are  responsible  for  establishing  and  maintaining
disclosure controls and procedures for the Company. The Certifying Officers have
concluded  (based on their  evaluation of these  controls and procedures as of a
date within 90 days of the filing of this report) that the design and  operation
of the  Company's  disclosure  controls  and  procedures  (as  defined  in  Rule
13a-14(c)  under  the  Securities  Exchange  Act  of  1934)  are  effective.  No
significant  changes were made in the  Company's  internal  controls or in other
factors that could significantly affect those controls subsequent to the date of
the  evaluation,  including any  corrective  actions with regard to  significant
deficiencies and material weaknesses.

                           Part II Other Information:

Item 1.        Legal Proceedings

An action was brought  against the Company in May 2001,  by Glenna  Brown Thomas
individually  and as personal  representative  of the Estate of Lynn W. Brown in
the Third  Judicial  Court,  Salt Lake  County,  Utah.  The action  asserts that
Memorial Estates delivered to Lynn W. Brown six stock certificates  representing
2,000 shares in 1970 and 1971.  Mr. Brown died in 1972.  It is asserted  that at
the time the 2,000 shares were issued and  outstanding,  such  represented  a 2%
ownership of Memorial Estates. It is alleged Mr. Brown was entitled to

<PAGE>


preemptive  rights and that after the  issuance of the stock to Mr.  Brown there
were further issuances of stock without providing written notice to Mr. Brown or
his estate with respect to an opportunity to purchase more stock. It is asserted
among other  things that the  plaintiff  "has the right to a transfer of Brown's
shares to Thomas on defendants'  (which  includes  Security  National  Financial
Corporation  as well as  Memorial  Estates,  Inc.) books and to  restoration  of
Brown's  proportion  of share  ownership in Memorial at the time of his death by
issuance and delivery to Thomas of  sufficient  shares of  defendant's  publicly
traded and unrestricted stock in exchange for the 2,000 shares of Memorial stock
and payment of all dividends  from the date of Thomas's  demand,  as required by
Article XV of the Articles of Incorporation." Based on present information,  the
Company intends to vigorously defend the matter, including an assertion that the
statute of limitations bars the claims.

An action was  brought  against  Southern  Security  Life  Insurance  Company by
National Group Underwriters,  Inc. ("NGU") in state court in the State of Texas.
The case was removed by the Company to the United States  District Court for the
Northern District of Texas, Fort Worth Division,  with Civil No.  4:01-CV-403-E.
An Amended  Complaint was filed on or about July 18, 2001. The Amended Complaint
asserts  that NGU had a  contract  with the  Company  wherein  NGU would  submit
applications for certain  policies of insurance to be issued by the Company.  It
is alleged that disputes have arisen  between NGU and the Company with regard to
the calculation and payment of certain  advanced  commissions as well as certain
production bonuses.

NGU  alleged  that it has been  damaged  far in  excess of the  $75,000  minimum
jurisdictional limits of this Court. NGU also seeks attorney's fees and costs as
well as prejudgment and postjudgment  interest. A second amended complaint and a
third amended  complaint  which  included a fraud claim were filed. A motion was
filed by the Company to dismiss the third amended complaint, including the fraud
claim. The court denied the motion.  The Company has  counterclaimed for what it
claims to be a debit  balance owing to it pursuant to the  relationship  between
the parties with said  counterclaim  seeking a substantial  amount from NGU (the
amount  subject to  reduction  as premiums  are  received).  The Company is also
seeking to recover  attorney's  fees and costs,  as well as punitive  damages on
three of its causes of action.  Certain  discovery has taken place.  The federal
case was dismissed per stipulation. The matter was refiled in Texas state court,
Tarrant County, Case No. 348 195490 02. The claims of the respective parties are
essentially the same as set forth above which claims against  Southern  Security
Life Insurance Company include fraudulent inducement relative to entering into a
contract,  fraud,  breach of  contract,  breach  of duty of good  faith and fair
dealing,  attorneys' fees and exemplary damages. Further discovery involving the
parties is anticipated.  The Company intends to vigorously  defend the matter as
well as prosecute its counterclaim. A trial is presently set for November 2003.

The Company is not a party to any other legal  proceedings  outside the ordinary
course of the Company's  business or to any other legal  proceedings,  which, if
adversely determined, would have a material adverse effect on the Company or its
business.

Item 2.        Changes in Securities

               NONE

Item 3.        Defaults Upon Senior Securities

               NONE

Item 4.        Submission of Matters to a Vote of Security Holders

               NONE

Item 5.        Other Information

               NONE


<PAGE>


Item 6.        Exhibits and Reports on Form 8-K

 (a)(3)  Exhibits:
    3.A. Articles of Restatement of Articles of Incorporation (8)

B. Bylaws (1)

    4.A. Specimen Class A Stock Certificate (1)

      B. Specimen Class C Stock Certificate (1)

      C. Specimen Preferred Stock Certificate and Certificate of Designation of
         Preferred Stock (1)

10.A.    Restated and Amended Employee Stock Ownership Plan and
         Trust Agreement (1)

    B.   1993 Stock Option Plan (3)

    C.   2000 Director Stock Option Plan (5)

    D.2003 Stock Option Plan (10)

    E. Deferred Compensation Agreement with George R. Quist (2)

    F.Employment Agreement with Scott M. Quist. (4)

    G.Promissory Note with George R. Quist (6)

    H.Deferred Compensation Plan (7)

    I. Coinsurance Agreement between Security National Life and Acadian (8)

    J. Assumption Agreement among Acadian, Acadian Financial Group, Inc.,
       Security National Life and the Company (8)

    K. Asset Purchase Agreement between Acadian, Acadian Financial Group, Inc.,
       Security National Life and the Company (8)

    L. Promissory Note with Key Bank of Utah (9)

    M. Loan and Security Agreement with Key Bank of Utah (9)

 31.1  Certification pursuant to 18 U.S.C. Section 1350 as enacted by Section
       302 of the Sarbanes-Oxley Act of 2002.

 31.2  Certification pursuant to 18 U.S.C. Section 1350 as enacted by Section
       302 of the Sarbanes-Oxley Act of 2002.

 32.1  Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
       to Section 906 of the Sarbanes-Oxley Act of 2002.


<PAGE>



 32.2   Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
        to Section 906 of the Sarbanes-Oxley Act of 2002.

          (1) Incorporated by reference from Registration Statement on Form
              S-1, as filed on June 29, 1987.

          (2) Incorporated by reference from Annual Report on Form 10-K, as
              filed on March 31, 1989.

          (3) Incorporated by reference from Annual Report on Form 10-K, as
              filed on March 31, 1994.

          (4) Incorporated by reference from Annual Report on Form 10-K, as
              filed on March 31, 1998.

          (5) Incorporated  by reference  from Schedule 14A Definitive Proxy
              Statement, filed August 29, 2000,  relating to the Company's
              Annual Meeting of Shareholders.

          (6) Incorporated by reference from Annual Report on Form 10-K, as
              filed on April 16, 2001.

          (7) Incorporated by reference from Annual Report on Form 10-K, as
              filed on April 3, 2002.

          (8) Incorporated by reference from Report on Form 8-K-A as filed on
              January 8, 2003.

          (9) Incorporated by reference from Annual Report on Form 10-K, as
              filed on April 15, 2003.

         (10)  Incorporated by reference from Schedule 14A Definitive Proxy
               Statement, filed on June 5, 2003, relating to the Company's
               Annual Meeting of Shareholders.

Subsidiaries of the Registrant

    (b) Reports on Form 8-K:

        No Current Report on Form 8-K was filed by the Company during the
        quarter ended June 30, 2003.


<PAGE>

                                   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 thereunto duly authorized.


                                   REGISTRANT

                     SECURITY NATIONAL FINANCIAL CORPORATION
                                   Registrant



DATED: August 14, 2003           By:    George R. Quist,
                                        ----------------
                                        Chairman of the Board and Chief
                                        Executive Officer
                                        (Principal Executive Officer)


DATED: August 14, 2003           By:    Stephen M. Sill
                                        ---------------
                                        Vice President, Treasurer and
                                        Chief Financial Officer
                                        (Principal Financial and
                                         Accounting Officer)


<PAGE>


                                  EXHIBIT 31.1
                            CERTIFICATION PURSUANT TO
                               18 U.S.C. ss. 1350,
                          AS ENACTED BY SECTION 302 OF
                         THE SARBANES-OXLEY ACT OF 2002

I, George R. Quist, certify that:

     1. I have reviewed this quarterly report on Form 10-Q of Security  National
Financial Corporation.

     2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

     3. Based on my knowledge,  the financial  statements,  and other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

     4. The  registrant's  other  certifying  officers and I are responsible for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

          (a) Designed such disclosure  controls and procedures,  or caused such
     disclosure controls and procedures to be designed under our supervision, to
     ensure that material  information  relating to the small  business  issuer,
     including  its  consolidated  subsidiaries,  is made  known to us by others
     within  those  entities,  particularly  during  the  period  in which  this
     quarterly report is being prepared;

          (b)  Evaluated  the  effectiveness  of  the  registrant's   disclosure
     controls and procedures and presented in this report our conclusions  about
     the effectiveness of the disclosure controls and procedures,  as of the end
     of the period covered by this report based on such evaluation; and

          (c) Disclosed in this report any change in the  registrant's  internal
     control over financial reporting that occurred during the registrant's most
     recent fiscal quarter (the  registrant's  fourth fiscal quarter in the case
     of an annual report) that has materially affected,  or is reasonably likely
     to materially  affect,  the  registrant's  internal  control over financial
     reporting; and

     5. The registrant's other certifying officer(s) and I have disclosed, based
on our most recent evaluation of internal control over financial  reporting,  to
the registrant's  auditors and the audit committee of the registrant's  board of
directors (or persons performing the equivalent functions):

          (a) All significant deficiencies and material weaknesses in the design
     or  operation  of internal  controls  over  financial  reporting  which are
     reasonably  likely to adversely affect the registrant's  ability to record,
     process, summarize and report financial information; and

          (b) Any fraud,  whether or not material,  that involves  management or
     other employees who have a significant  role in the  registrant's  internal
     control over financial reporting.


Date: August 14, 2003
                                          By:    George R. Quist
                                                 Chairman of the Board and
                                                 Chief Executive Officer
                                                (Principal Executive Officer)


<PAGE>


                                  EXHIBIT 31.2
                            CERTIFICATION PURSUANT TO
                               18 U.S.C. ss. 1350,
                          AS ENACTED BY SECTION 302 OF
                         THE SARBANES-OXLEY ACT OF 2002


I, Stephen M. Sill, certify that:

     1. I have reviewed this quarterly report on Form 10-Q of Security  National
Financial Corporation.

     2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

     3. Based on my knowledge,  the financial  statements,  and other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

     4. The  registrant's  other  certifying  officers and I are responsible for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

          (a) Designed such disclosure  controls and procedures,  or caused such
     disclosure controls and procedures to be designed under our supervision, to
     ensure that material  information  relating to the small  business  issuer,
     including  its  consolidated  subsidiaries,  is made  known to us by others
     within  those  entities,  particularly  during  the  period  in which  this
     quarterly report is being prepared;

          (b)  Evaluated  the  effectiveness  of  the  registrant's   disclosure
     controls and procedures and presented in this report our conclusions  about
     the effectiveness of the disclosure controls and procedures,  as of the end
     of the period covered by this report based on such evaluation; and

          (c) Disclosed in this report any change in the  registrant's  internal
     control over financial reporting that occurred during the registrant's most
     recent fiscal quarter (the  registrant's  fourth fiscal quarter in the case
     of an annual report) that has materially affected,  or is reasonably likely
     to materially  affect,  the  registrant's  internal  control over financial
     reporting; and

     5. The registrant's other certifying officer(s) and I have disclosed, based
on our most recent evaluation of internal control over financial  reporting,  to
the registrant's  auditors and the audit committee of the registrant's  board of
directors (or persons performing the equivalent functions):

          (a) All significant deficiencies and material weaknesses in the design
     or  operation  of internal  controls  over  financial  reporting  which are
     reasonably  likely to adversely affect the registrant's  ability to record,
     process, summarize and report financial information; and

          (b) Any fraud,  whether or not material,  that involves  management or
     other employees who have a significant  role in the  registrant's  internal
     control over financial reporting.


Date:  August 14, 2003

                                     By:      Stephen M. Sill
                                              Vice President, Treasurer and
                                              Chief Financial Officer
                                              (Principal Financial and
                                              Accounting Officer)

<PAGE>
                                  EXHIBIT 32.1
                            CERTIFICATION PURSUANT TO
                               18 U.S.C. ss. 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In  connection  with  the  Quarterly  Report  of  Security  National   Financial
Corporation  (the "Company") on Form 10Q for the period ending June 30, 2003, as
filed with the  Securities  and  Exchange  Commission  on the date  hereof  (the
"Report"), I, George R. Quist, Chief Executive Officer of the Company,  certify,
pursuant  to 18 U.S.C.  ss.  1350,  as adopted  pursuant  to Section  906 of the
Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

     (1)  the Report fully  complies with the  requirements  of Section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     (2)  the  information  contained  in the  Report  fairly  presents,  in all
          material respects, the financial condition and result of operations of
          the Company.

George R. Quist
Chief Executive Officer
August 14, 2003

A signed  original of this written  statement  required by Section 906, or other
document authenticating, acknowledging, or otherwise adopting the signature that
appears in typed form within the  electronic  version of this written  statement
required by Section 906, has been provided to Security  National Life  Insurance
Company and will be retained by Security  National  Life  Insurance  Company and
furnished to the Securities and Exchange Commission or its staff upon request.


                                  EXHIBIT 32.2
                            CERTIFICATION PURSUANT TO
                               18 U.S.C. ss. 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In  connection  with  the  Quarterly  Report  of  Security  National   Financial
Corporation  (the "Company") on Form 10Q for the period ending June 30, 2002, as
filed with the  Securities  and  Exchange  Commission  on the date  hereof  (the
"Report"), I, Stephen M. Sill, Chief Financial Officer of the Company,  certify,
pursuant  to 18 U.S.C.  ss.  1350,  as adopted  pursuant  to Section  906 of the
Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

     (1)  the Report fully  complies with the  requirements  of Section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     (2)  the  information  contained  in the  Report  fairly  presents,  in all
          material respects, the financial condition and result of operations of
          the Company.

Stephen M. Sill
Chief Financial Officer
August 14, 2003

A signed  original of this written  statement  required by Section 906, or other
document authenticating, acknowledging, or otherwise adopting the signature that
appears in typed form within the  electronic  version of this written  statement
required by Section 906, has been provided to Security  National Life  Insurance
Company and will be retained by Security  National  Life  Insurance  Company and
furnished to the Securities and Exchange Commission or its staff upon request.