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 March 31, 2005            Commission File Number: 0-9341
--------------------------------            ------------------------------



                     SECURITY NATIONAL FINANCIAL CORPORATION
                            Exact Name of Registrant.



       UTAH                                        87-0345941
   -----------                                   --------------
(State or other jurisdiction of             IRS Identification Number
 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                 5,441,710
-------------------------------------       ----------------------------
         Title of Class                     Number of Shares Outstanding
                                                 as of March 31, 2005


Class C Common Stock, $.20 par value                  6,380,197
------------------------------------        ----------------------------
         Title of Class                     Number of Shares Outstanding
                                                 as of March 31, 2005


<PAGE>


            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                                    FORM 10-Q

                          QUARTER ENDED MARCH 31, 2005

                                TABLE OF CONTENTS


                         PART I - FINANCIAL INFORMATION



Item 1  Financial Statements                                        Page No.
------                                                              --------
        Consolidated Statement of Earnings - Three months ended
        March 31, 2005 and 2004 (unaudited)................................3

        Consolidated Balance Sheet - March 31, 2005, (unaudited)
        and December 31, 2004............................................4-5

        Consolidated Statement of Cash Flows -
        Three months ended March 31, 2005 and 2004 (unaudited).............6

        Notes to Consolidated Financial Statements......................7-11


Item 2  Management's Discussion and Analysis of Financial Condition
------  and Results of Operations......................................11-14

Item 3  Quantitative and Qualitative Disclosures about Market Risk........14
------

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

                           PART II - OTHER INFORMATION

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

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

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

<PAGE>


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


                                                   Three Months Ended March 31,
Revenues:                                                2005            2004
--------                                                 ----            ----
Insurance premiums and other considerations           $7,180,520     $6,396,174
Net investment income                                  4,345,263      3,556,247
Net mortuary and cemetery sales                        2,885,368      3,056,405
Realized gains on investments and other assets            23,690          5,323
Mortgage fee income                                   13,171,106     18,068,730
Other                                                    216,737        190,038
                                                     -----------    -----------
   Total revenues                                     27,822,684     31,272,917
                                                     -----------    -----------

Benefits and expenses:
---------------------
Death benefits                                         3,515,928      3,772,951
Surrenders and other policy benefits                     469,367        479,839
Increase in future policy benefits                     2,628,190      1,868,732
Amortization of deferred policy
   and pre-need acquisition costs
   and cost of insurance acquired                      1,084,903      1,199,275
General and administrative expenses:
   Commissions                                        10,344,163     14,207,056
   Salaries                                            3,812,734      3,581,644
   Other                                               4,516,123      4,692,879
Interest expense                                         641,688        365,323
Cost of goods and services sold
  of the mortuaries and cemeteries                       547,840        597,532
                                                    ------------   ------------
   Total benefits and expenses                        27,560,936     30,765,231
                                                    ------------   ------------

Earnings before income taxes                             261,748        507,686
Income tax expense                                        18,160       (128,118)
Minority interest                                         --             22,014
                                                    ------------   ------------
      Net earnings                                      $279,908       $401,582
                                                    ============   ============

Net earnings per common share                               $.05           $.07
                                                            ====           ====

   Weighted average outstanding common shares          6,079,717      5,949,234
                                                    ============   ============

Net earnings per common share-assuming dilution             $.05           $.07
                                                            ====           ====

   Weighted average outstanding common shares
      assuming-dilution                                6,104,229      6,109,341
                                                    ============   ============


See accompanying notes to consolidated financial statements.


<PAGE>


                     SECURITY NATIONAL FINANCIAL CORPORATION
                                AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET



                                                   March 31, 2005   December 31,
                                                     (Unaudited)      2004
Assets:
------
Insurance-related investments:
Fixed maturity securities
  held to maturity, at amortized cost                $64,771,046    $69,984,761
Fixed maturity securities available
  for sale, at market                                 10,866,975     11,066,025
Equity securities available for sale,
  at market                                            3,928,995      4,166,769
Mortgage loans on real estate and
  construction loans,
  net of allowances for losses                        62,503,891     65,831,586
Real estate, net of accumulated
  depreciation and allowances for
  losses                                              10,574,941      9,709,129
Policy, student and other loans                       13,193,372     13,312,471
Short-term investments                                 5,160,492      4,628,999
                                                    ------------   ------------
     Total insurance-related investments             170,999,712    178,699,740
                                                    ------------   ------------
Restricted assets of cemeteries and mortuaries         5,248,246      5,176,463
                                                    ------------   ------------
Cash                                                  12,950,795     15,333,668
                                                    ------------   ------------
Receivables:
  Trade contracts                                      5,133,693      5,333,891
  Mortgage loans sold to investors                    57,623,871     47,167,150
  Receivable from agents                               1,499,865      1,416,211
  Receivable from officers                                --              1,540
  Other                                                1,021,866      1,120,157
                                                     -----------   ------------
     Total receivables                                65,279,295     55,038,949
  Allowance for doubtful accounts                     (1,223,409)    (1,302,368)
                                                     -----------   ------------
  Net receivables                                     64,055,886     53,736,581
                                                    ------------   ------------
Policyholder accounts on deposit
  with reinsurer                                       6,643,914      6,689,422
Cemetery land and improvements held for sale           8,547,430      8,547,764
Accrued investment income                              2,003,985      1,743,721
Deferred policy and pre-need
  contract acquisition costs                          21,668,190     20,181,818
Property and equipment, net                           10,488,734     10,520,665
Cost of insurance acquired                            12,133,381     14,053,497
Excess of cost over net assets
  of acquired subsidiaries                               683,191        683,191
Other                                                    942,190      1,107,230
                                                    ------------   ------------
     Total assets                                   $316,365,654   $316,473,760
                                                    ============   ============

See accompanying notes to consolidated financial statements.


<PAGE>


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



                                                  March 31, 2005    December 31,
                                                    (Unaudited)        2004
Liabilities:
------------
Future life, annuity, and other
  policy benefits                                 $225,775,786     $224,529,539
Unearned premium reserve                             2,487,049        2,254,991
Bank loans payable                                  10,565,844       10,442,106
Notes and contracts payable                          2,645,599        2,888,539
Deferred pre-need cemetery and funeral
  contract revenues                                 10,771,065       10,762,357
Accounts payable                                     1,128,676        1,064,269
Funds held under reinsurance treaties                1,176,262        1,184,463
Other liabilities and accrued expenses               8,585,610        6,371,343
Income taxes                                        11,484,867       11,497,967
                                                  ------------     ------------
     Total liabilities                             274,620,758      270,995,574
                                                  ------------     ------------

Commitments and contingencies                           --               --
                                                  ------------     ------------

Minority interest                                       --            3,813,346
                                                  ------------     ------------

Stockholders' Equity:
Common stock:
  Class A: $2.00 par value, authorized
         10,000,000 shares, issued 6,756,785
         shares in 2005 and 6,755,870 shares
         in 2004                                    13,513,570       13,511,740
  Class C:  convertible, $0.20 par value,
         authorized 7,500,000 shares,
         issued 6,459,300 shares in 2005
         and 6,468,199 shares in 2004                1,291,860        1,293,641
                                                 -------------    -------------
     Total common stock                             14,805,430       14,805,381
Additional paid-in capital                          14,922,881       14,922,851
Accumulated other comprehensive (loss)
  and other items, net of deferred taxes              (211,204)         (11,352)
Retained earnings                                   15,645,088       15,365,259
Treasury stock at cost (1,315,075 Class A shares
     and 79,103 Class C shares in 2005;
     1,315,075 Class A shares and 79,103
     Class C shares in 2004 held
     by affiliated companies)                       (3,417,299)      (3,417,299)
                                                 -------------    -------------
     Total stockholders' equity                     41,744,896       41,664,840
                                                 -------------    -------------
         Total liabilities and
            stockholders' equity                  $316,365,654     $316,473,760
                                                  =============    =============




See accompanying notes to consolidated financial statements.


<PAGE>


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


                                                    Three Months Ended March 31,
                                                     2005               2004
                                                     ----               ----
Cash flows from operating activities:
      Net cash provided by (used in)
        operating activities                        $(7,897,876)    $21,000,620
                                                   ------------    ------------

Cash flows from investing activities:
   Securities held to maturity:
      Purchase - fixed maturity securities             (502,000)    (12,026,957)
      Calls and maturities - fixed
         maturity securities                          5,622,503       2,579,486
   Securities available for sale:
      Sales - equity securities                          (7,009)             --
   Purchases of short-term investments               (5,414,701)     (8,762,251)
   Sales of short-term investments                    4,883,208       6,164,882
   Purchases of restricted assets                       (41,090)        (91,594)
   Mortgage, policy, and other loans made           (15,663,719)    (22,714,986)
   Payments received for mortgage,
      policy, and other loans                        19,117,574       7,554,722
   Purchases of property and equipment                 (404,331)       (296,546)
   Purchases of real estate                          (1,887,950)       (488,312)
   Cash paid for purchase of subsidiary                      --        (297,994)
   Sale of real estate                                  926,062              --
                                                   ------------    ------------

         Net cash (used in) provided by
            investing activities                      6,628,547     (28,379,550)
                                                   ------------    ------------

Cash flows from financing activities:
   Annuity and pre-need contract receipts             1,419,729       1,348,322
   Annuity and pre-need contract withdrawals         (2,560,646)     (2,544,563)
   Repayment of bank loans and notes and
      contracts payable                                (242,940)       (640,173)
   Proceeds from borrowing on notes and
      contracts                                         270,329              --
                                                   ------------    ------------

      Net cash (used in) provided by
         financing activities                        (1,113,528)     (1,836,414)
                                                   ------------    ------------
Net change in cash                                   (2,382,857)     (9,215,344)

Cash at beginning of period                          15,333,668      19,704,358
                                                   ------------    ------------

Cash at end of period                               $12,950,811     $10,489,014
                                                   ============    ============

See accompanying notes to consolidated financial statements.


<PAGE>



            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                           March 31, 2005 (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.  The
quarterly results for the period ended March 31, 2005, have not been reviewed by
an independent registered public accounting firm. On April 26, 2005, the Company
ceased its independent auditor  relationship with Tanner LC due to the five-year
partner rotation  mandated by the  Sarbanes-Oxley  Act and the  determination by
Tanner  LC that in the  future  it would be unable  to  maintain  the  necessary
industry  expertise to continue as  independent  auditors  for the Company.  The
Company is in the process of appointing new auditors.  Operating results for the
three months ended March 31, 2005 are not necessarily  indicative of the results
that  may be  expected  for the year  ending  December  31,  2005.  For  further
information,  refer  to the  consolidated  financial  statements  and  footnotes
thereto for the year ended December 31, 2004,  included in the Company's  Annual
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 fairly stated in all material respects.

2.   Comprehensive Income

For the three months ended March 31, 2005 and 2004, total  comprehensive  income
amounted to $80,056 and $703,483, 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.

<PAGE>



            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                           March 31, 2005 (Unaudited)



1.  Basis of Presentation (Continued)

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. Earnings per share amounts have been adjusted for the effect
of annual  stock  dividends.  Net  earnings for the three months ended March 31,
2005 and 2004 would have been reduced by the following:

                                                Three Months Ended March 31,
                                                2005                   2004
                                                ----                   ----
Net earnings as reported                      $279,908               $401,582
Deduct:  Total stock-based employee
         compensation expense determined
         under fair value based method for
         all awards, net of related tax
         effects                                 --                     --
                                              --------               --------
Pro forma net earnings                        $279,908               $401,582
                                              ========               ========

      Net earnings per common share:
        Basic - as reported                       $.05                   $.07
                                                  ====                   ====

        Basic - pro forma                         $.05                   $.07
                                                  ====                   ====

        Diluted - as reported                     $.05                   $.07
                                                  ====                   ====

        Diluted - pro forma                       $.05                   $.07
                                                  ====                   ====

     4. Earnings Per Share

       The basic and diluted earnings per share amounts were calculated as
       follows:

                                                 Three Months Ended March 31,
                                                 2005                   2004
                                                 ----                   ----
Numerator:
      Net income                           $   279,908              $   401,582
                                           ===========              ===========
Denominator:
      Denominator for basic earnings
      per share-weighted-average shares      6,079,717                5,949,234
                                           -----------              -----------

      Effect of dilutive securities:
        Employee stock options                  23,971                  158,241
        Stock appreciation rights                  541                    1,866
                                          ------------             ------------
      Dilutive potential common shares          24,512                  160,107
                                         -------------             ------------
      Denominator for diluted earnings
      per share-adjusted weighted-average
      shares and  assumed conversions        6,104,229                6,109,341
                                           ===========              ===========

      Basic earnings per share                   $.05                      $.07
                                                 ====                      ====

      Diluted earnings per share                 $.05                      $.07
                                                 ====                      ====


<PAGE>


            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                           March 31, 2005 (Unaudited)

<TABLE>
<CAPTION>


1.  Basis of Presentation (Continued)

Earnings per share amounts have been adjusted for the effect of annual stock
dividends.


5.  Business Segment
                                        Life             Cemetery/                            Reconciling
                                      Insurance          Mortuary           Mortgage             Items        Consolidated

For the Three Months Ended
March 31, 2005

<S>                                 <C>               <C>                 <C>                 <C>            <C>
   Revenues from
      external customers            $  9,954,114       $ 3,216,074         $14,652,496$            --         $27,822,684

   Intersegment revenues               1,271,759           --                  --              (1,271,759)        --

   Segment profit (loss)
      before income taxes                637,839           354,198            (730,289)           --              261,748

   Identifiable assets               305,320,094        48,186,225          14,239,233        (51,379,898)    316,365,654

For the Three Months Ended
March 31, 2004

   Revenues from
      external customers            $  8,357,223        $3,226,386         $19,689,308$            --         $31,272,917

   Intersegment revenues               2,373,013           --                  --              (2,373,013)        --

   Segment profit (loss)
      before income taxes                433,203           347,749            (273,266)            --             507,686

   Identifiable assets               305,088,724        44,736,652          15,971,494        (49,126,302)    316,670,568

</TABLE>


<PAGE>


            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                           March 31, 2005, (Unaudited)



6.  Merger Transaction

Effective January 1, 2005,  Security National Life and SSLIC Holding Company,  a
wholly  owned  subsidiary  of  Security   National  Life,   completed  a  merger
transaction with Southern  Security Life Insurance  Company.  Under the terms of
the merger and  pursuant  to the  Agreement  and Plan of  Reorganization,  dated
August 25,  2004,  among  Security  National  Life,  SSLIC  Holding  Company and
Southern Security Life Insurance Company,  including the amendment thereto dated
December  27,  2004,  SSLIC  Holding  Company was merged with and into  Southern
Security Life Insurance  Company,  which resulted in (i) Southern  Security Life
Insurance  Company becoming a wholly-owned  subsidiary of Security National Life
Insurance Company,  and (ii) the unaffiliated  stockholders of Southern Security
Life Insurance Company,  holding an aggregate of 490,816 shares of common stock,
or 23.3% of the outstanding  shares,  becoming entitled to receive $3.84 in cash
for each issued and outstanding share of their common stock of Southern Security
Life Insurance Company, or an aggregate of $1,884,733.

As a result of the merger,  the  separate  existence  of SSLIC  Holding  Company
ceased  as  Southern  Security  Life  Insurance  Company  became  the  surviving
corporation of the merger. Southern Security Life Insurance Company continues to
be  governed  by the laws of the State of Florida,  and its  separate  corporate
existence  continues  unaffected by the merger. In addition,  as a result of the
merger,  Security  National Life owns all of the issued and  outstanding  common
shares of Southern Security Life Insurance Company.  Security National Financial
Corporation,  through its affiliates,  Security  National Life Insurance Company
and SSLIC  Holding  Company,  owned 76.7% of the  Company's  outstanding  common
shares prior to the merger.

The purpose of the merger is to terminate the  registration  of the common stock
of Southern Security Life Insurance Company under the Securities Exchange Act of
1934 (by  reducing  the number of its  stockholders  of record to fewer than 300
stockholders)  and the  Nasdaq  listing  of the common  stock,  reduce  expenses
associated with such  registration and listing,  and provide the stockholders an
opportunity to sell their shares in an illiquid trading market without incurring
brokerage commissions. As a result of becoming a non-reporting company,

Southern  Security Life Insurance Company is no longer required to file periodic
reports with the SEC, including among other things,  annual reports on Form 10-K
and quarterly  reports on Form 10-Q, and is no longer subject to the SEC's proxy
rules.  In addition,  its common stock is no longer  eligible for trading on the
Nasdaq SmallCap Market.

7.       Recent Accounting Pronouncements

In  January  2003,  the  Financial  Accounting  Standards  Board  (FASB)  issued
Interpretation  No.  46,   "Consolidation  of  Variable  Interest  Entities,  an
Interpretation  of ARB No.  51",  and  subsequently  issued a  revision  to this
Interpretation in December 2003. This Interpretation addresses the consolidation
by  business  enterprises  of  variable  interest  entities  as  defined  in the
Interpretation.  The Interpretation  applies to those variable interest entities
considered to be  special-purpose  entities no later than December 31, 2003. The
Interpretation  must also be applied to all other variable  interest entities no
later than March 31, 2005. The adoption of Interpretation  No. 46 did not have a
material impact on the Company's financial position or results of operations.


<PAGE>



            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                           March 31, 2005, (Unaudited)


8.       Recent Accounting Pronouncements (Continued)

In December 2004, FASB revised SFAS 123 to Share-Based  Payment ("SFAS 123(R)").
SFAS  123(R)  provides   additional  guidance  on  determining  whether  certain
financial   instruments   awarded  in  share-based   payment   transactions  are
liabilities.  SFAS  123(R)  also  requires  that  the  cost  of all  share-based
transactions be recorded in the financial statements.  The revised pronouncement
must be adopted by the Company by January 1, 2006. Implementation of SFAS 123(R)
will not have a  significant  impact  on the  Company's  consolidated  financial
statements in the period of  implementation.  However,  any future stock options
granted could have a significant impact on the Company's  consolidated financial
statements.

Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations
-------------------------------------------------------------------------------

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  historically  lower  interest  rates by
originating and refinancing mortgage loans.

During the three months ended March 31, 2005, Security National Mortgage Company
("SNMC")  experienced  a decrease in revenue and expenses due to the decrease 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  fees from third party  investors  who
purchase  the loans from SNMC.  SNMC  primarily  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 2,072  ($316,785,000)  and 3,291  ($496,307,000)
loans, respectively, for the three months ended March 31, 2005 and 2004.

Results of Operations

Three Months Ended March 31, 2005 Compared to Three Months Ended March 31, 2004

Total revenues  decreased by $3,450,000,  or 11.0%, to $27,823,000 for the three
months ended March 31, 2005,  from  $31,273,000 for the three months ended March
31,  2004.  Contributing  to this  decrease in total  revenues  was a $4,898,000
decreased  in mortgage  fee income,  and a $171,000  decreased  in net  mortuary
sales.

Insurance premiums and other considerations  increased by $784,000, or 12.3%, to
$7,180,000  for the three months ended March 31, 2005,  from  $6,396,000 for the
comparable  period in 2004.  This increase was  primarily due to the  additional
insurance premiums realized from new insurance sales.


<PAGE>


            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                           March 31, 2005, (Unaudited)



Net investment  income  increased by $789,000,  or 22.2%,  to $4,345,000 for the
three months ended March 31, 2005, from $3,556,000 for the comparable  period in
2004. This increase was primarily  attributable to additional  borrower interest
income from increased  long-term  bond  purchases over the comparable  period in
2004.

Net mortuary and cemetery  sales  decreased by $171,000,  or 5.6%, to $2,885,000
for the three months ended March 31, 2005,  from  $3,056,000  for the comparable
period in 2004.  This  reduction in at-need  mortuary sales was primarily due to
the loss of sales  from the  Camelback  Funeral  Home as a result of the City of
Phoenix having commenced condemnation  proceedings in order to construct a light
rail facility on the Camelback Funeral Home property.

Mortgage fee income  decreased by $4,898,000,  or 27.1%,  to $13,171,000 for the
three months ended March 31, 2005, from $18,069,000 for the comparable period in
2004.  This decrease was primarily  attributable  to a decrease in the number of
loan  originations  during  the  first  quarter  of 2005 due to an  increase  in
interest rates, which resulted in the refinancing of fewer mortgage loans.

Total benefits and expenses were  $27,561,000,  or 99.1% of total revenues,  for
the three months ended March 31, 2005, as compared to  $30,765,000,  or 98.4% of
total revenues,  for the comparable period in 2004. The lower margin in 2004 was
due to fixed expenses,  which did not decrease proportionally with the reduction
in revenues.

Death  benefits,  surrenders and other policy  benefits,  and increase in future
policy  benefits  increased by an aggregate of $492,000,  or 8.0%, to $6,613,000
for the three months ended March 31, 2005,  from  $6,121,000  for the comparable
period in 2004.  This  increase  was  primarily  the  result of an  increase  in
reserves for policyholders.

Amortization  of  deferred  policy and  pre-need  acquisition  costs and cost of
insurance acquired  decreased by $114,000,  or 9.5%, to $1,085,000 for the three
months ended March 31, 2005, from $1,199,000 for the comparable  period in 2004.
This decrease was primarily due to  recognition of  improvements  in persistency
and expenses.

General and  administrative  expenses  decreased  by  $3,563,000,  or 16.0%,  to
$18,673,000 for the three months ended March 31, 2005, from  $22,236,000 for the
comparable period in 2004. This decrease  primarily  resulted from a decrease in
commissions due to fewer mortgage loan originations having been made by Security
National Mortgage Company during the first quarter of 2005.

Interest  expense  increased  by $276,000,  or 75.4%,  to $642,000 for the three
months ended March 31, 2005,  from $366,000 for the  comparable  period in 2004.
This increase was primarily due to increased  warehouse lines of credit required
for a greater number of warehoused  mortgage loans by Security National Mortgage
Company.

Cost of goods and services sold of the mortuaries  and  cemeteries  decreased by
$50,000,  or 8.3%,  to $548,000 for the three months ended March 31, 2005,  from
$598,000 for the comparable  period in 2004. This reduction in at-need  mortuary
sales was primarily due to the loss of sales from the Camelback  Funeral Home as
a result of the City of Phoenix  having  commenced  condemnation  proceedings in
order to construct a light rail facility on the Camelback Funeral Home property.


<PAGE>


            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                           March 31, 2005, (Unaudited)



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 to meet 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 warehousing of 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 $75,630,000 as of March 31, 2005, compared to
$81,051,000  as of December 31, 2004.  This  represents 44% and 45% of the total
insurance-related  investments  as of March 31,  2005,  and  December  31, 2004,
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 March 31, 2005 and
December 31, 2004, 2%  ($1,660,000)  and 2%  ($1,659,000) 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 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 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 March 31, 2005,
and December 31, 2004,  the life  insurance  subsidiary  exceeded the regulatory
criteria.


<PAGE>


            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                           March 31, 2005, (Unaudited)



The Company's total  capitalization  of  stockholders'  equity and bank debt and
notes payable was  $54,956,000  as of March 31, 2005, as compared to $54,995,000
as  of  December  31,  2004.   Stockholders'   equity  as  a  percent  of  total
capitalization  stayed the same at 76% as of March 31,  2005,  when  compared to
December 31, 2004.

Lapse  rates  measure the amount of  insurance  terminated  during a  particular
period. The Company's lapse rate for life insurance in 2004 was 9.0% as compared
to a rate of 8.6% for 2003.  The 2005 lapse rate to date has been  approximately
the same as 2004.

At March 31,  2005,  $29,135,000  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 Disclosures about Market Risk

There have been no  significant  changes since the annual report Form 10-K filed
for the year ended December 31, 2004.

Item 4.   Controls and Procedures

     a) Evaluation of disclosure controls and procedures

     Under  the  supervision  and  with  the  participation  of our  management,
including  principal  executive  officer and  principal  financial  officer,  we
evaluated  the  effectiveness  of the design  and  operation  of our  disclosure
controls and  procedures,  as defined in Rules 13a-15(e) and 15d-15(e) under the
Securities Exchange Act of 1934, as of March 31, 2005. Based on this evaluation,
our principal  executive  officer and our principal  financial officer concluded
that,  as of the end of the  period  covered  by  this  report,  our  disclosure
controls and procedures  were  effective and adequately  designed to ensure that
the information  required to be disclosed by us in the reports we file or submit
under the Securities Exchange Act of 1934 is recorded, processed, summarized and
reported  within the time periods  specified in applicable  rules and forms.  b)
Changes in internal controls over financial reporting

     During the quarter  ended March 31,  2005,  there has been no change in our
internal control over financial  reporting that has materially  affected,  or is
reasonably  likely to materially  affect,  our internal  control over  financial
reporting.

                           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,  Inc.  delivered  to Lynn W.  Brown  six  stock  certificates
totaling  2,000 shares of its common  stock in 1970 and 1971.  Mr. Brown died in
1972.  It is also  asserted  that at the time the 2,000  shares  were issued and
outstanding,  the shares  represented a 2% ownership of Memorial Estates.  It is
further alleged that Mr. Brown was entitled to preemptive  rights and, 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 of his right to
purchase more stock.


<PAGE>

It is further  asserted  that  Thomas has the right to the  transfer  of Brown's
shares  on the  books of  Security  National  Financial  Corporation  as well as
Memorial  Estates,  and  to the  restoration  of  Brown's  proportion  of  share
ownership in Memorial  Estates at the time of his death by issuance and delivery
to Thomas of sufficient shares of the Company's publicly traded and unrestricted
stock in exchange  for the 2,000  shares of Memorial  Estates  stock,  including
payment of all dividends from the date of Thomas's demand.  The formal discovery
cutoff was January 15, 2004. The Company has been verbally  informed that Thomas
will dismiss the case but such dismissal has not been  communicated  in writing.
Until the case is actually  dismissed,  the Company intends to vigorously defend
the matter,  including the assertion  that the statute of  limitations  bars the
claims in their entirety.

The Company  received a letter dated November 9, 2004 on behalf of Charles Hood,
who worked at Singing Hills Memorial Park in El Cajon, California.  He was hired
in April 2003 as a  groundskeeper  with his work concluding on October 30, 2003.
Mr. Hood claims that he wrote a letter to the  Company  outlining  his  concerns
regarding  the  operation  of  the  cemetery,  and  that  the  next  day  he was
terminated.  Even  though  he  recognizes  his  relationship  was as an  at-will
employee.  Mr.  Hood's  claims  against the Company  also  include,  but are not
limited to, violation of labor laws, whistleblower retaliation and infliction of
emotional distress. The letter proposes a settlement in the amount of $275,000.

No lawsuit  has been filed in the  matter.  The  Company  has been  engaged in a
review of the claims made in the letter. Based on its investigation, the Company
believes that Mr. Hood voluntarily quit and was not terminated.  Counsel for the
Company and counsel for Mr. Hood have been in discussion  concerning the matter.
At this stage of the  investigation,  the Company does not believe  there is any
justification  for the claims being made.  If a resolution of the dispute is not
achieved and litigation ensues, the Company is prepared to vigorously defend the
action.

The Company also  received a letter  dated  November 29, 2004 on behalf of Roger
Gornichec,  who the Company recognizes as having been an independent contractor.
The attorney who wrote the letter on behalf of Mr. Hood also wrote the letter on
behalf of Mr.  Gornichec.  Mr.  Gornichec  concluded  his  services  as an agent
selling  insurance in the spring of 2003 and his license to sell cemetery  plots
was not  renewed in the summer of 2004.  Mr.  Gornichec  asserts  that he was an
employee contrary to the Company's position.

The claims  made on behalf of Mr.  Gornichec  include,  but are not  limited to,
wrongful  termination  in violation  of public  policy,  misrepresentation,  age
discrimination,   whistle-blower   retaliation,   interference   with   economic
advantage,  breach of  contract,  breach of the  covenant of good faith and fair
dealing, and infliction of emotional distress. Mr. Gornichec also claims that he
is  owed a  certain  amount  from a  retirement  plan.  The  letter  proposes  a
settlement in the amount of $420,000.  Based on its  investigation,  the Company
believes that Mr. Gornichec was an independent contractor,  not an employee, and
that the claims and the  settlement  amount  sought  are not  justified.  If the
matter is not  resolved  and  litigation  ensues,  the  Company is  prepared  to
vigorously defend the action.

The  Company is a defendant  in various  other legal  actions  arising  from the
normal  conduct of business.  Management  believes that none of the actions will
have a  material  effect on the  Company's  financial  position  or  results  of
operations. Based on management's assessment and legal counsel's representations
concerning the likelihood of unfavorable  outcomes, no amounts have been accrued
for the above claims in the consolidated financial statements.


<PAGE>



Item 2.        Changes in Securities and Use of Proceeds

               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

Item 6.        Exhibits and Reports on Form 8-K

 (a)     Exhibits:
   3.1   Articles of Restatement of Articles of Incorporation (7)
   3.2   Amended Bylaws (10)
   4.1   Specimen Class A Stock Certificate (1)
   4.2   Specimen Class C Stock Certificate (1)
   4.3   Specimen Preferred Stock Certificate and Certificate of Designation of
         Preferred Stock (1)
   10.1  Restated and Amended Employee Stock Ownership Plan and  Trust
         Agreement (1)
   10.2  1993 Stock Option Plan (3)
   10.3  2000 Director Stock Option Plan (4)
   10.4  2003 Stock Option Plan (9)
   10.5  Deferred Compensation Agreement with George R. Quist (2)
   10.6  Promissory Note with George R. Quist (5)
   10.7   Deferred Compensation Plan (6)
   10.8  Coinsurance Agreement between Security National Life and Acadian (7)
   10.9  Assumption Agreement among Acadian, Acadian Financial Group, Inc.,
         Security National Life and the Company (7)
   10.10 Asset Purchase Agreement between Acadian, Acadian Financial Group,
         Inc., Security National Life and the Company (7)
   10.11 Promissory Note with Key Bank of Utah (8)
   10.12 Loan and Security Agreement with Key Bank of Utah (8)
   10.13 Stock Purchase and Sale Agreement with Ault Glazer & Co. Investment
         Management LLC (10)
   10.14 Stock Purchase Agreement with Paramount Security Life Insurance
         Company (11)
   10.15 Reinsurance Agreement between Security National Life Insurance Company
         and Guaranty Income Life Insurance Company(12)
   10.16 Employment agreement with J. Lynn Beckstead, Jr.(12)
   10.17 Employment agreement with Scott M. Quist (13)
   10.18 Agreement and Plan of  Reorganization  among Security  National Life
         Insurance  Company,  SSLIC Holding Company,  and Southern Security
         Life Insurance Company (14)
   10.19 Agreement and Plan of Merger,  among Security National Life Insurance
         Company,  SSLIC Holding Company,  and Southern Security Life Insurance
         Company  (15)


<PAGE>


   10.20 Agreement to repay indebtedness and to convey option with Monument
         Title, LC. (15)
   10.21 Subsidiaries of the Registrant
    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
    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 Schedule 14A Definitive Proxy Statement,
       filed August 29, 2000, relating to the Company's Annual Meeting of
       Shareholders
   (5) Incorporated by reference from Annual Report on Form 10-K, as filed on
       April 16, 2001
   (6) Incorporated by reference from Annual Report on Form 10-K, as filed on
       April 3, 2002
   (7) Incorporated by reference from Report on Form 8-K/A as filed on January
       8, 2003
   (8) Incorporated by reference from Annual Report on Form 10-K, as filed on
       April 15, 2003
   (9) Incorporated by reference from Schedule 14A Definitive Proxy Statement,
       Filed on June 5, 2003, relating to the Company's Annual Meeting of
       Shareholders
  (10) Incorporated by reference from Report on Form 10-Q, as filed on November
       14, 2003
  (11) Incorporated by reference from Report on Form 8-K, as filed March 30,
       2004
  (12) Incorporated by reference from Report on Form 10-K, as filed on March
       30, 2004
  (13) Incorporated by reference from Report on Form 10-Q, as filed on August
       13, 2004
  (14) Incorporated by reference from Report on Form 8-K, as filed on August
       30, 2004
  (15) Incorporated by reference from Report on Form 10-K, as filed on April
       15, 2005

       (b) Reports on Form 8-K:

           No reports were filed by the Company during the quarter ended March
           31, 2005.


<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: May 16, 2005                    By: George R. Quist,
                                           ----------------
                                           Chairman of the Board and Chief
                                           Executive Officer
                                          (Principal Executive Officer)


DATED: May 16, 2005                   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-15(e) and 15-d-15(e)) for the registrant to 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  registrant,  including  its
consolidated subsidiaries,  is made known to us by others within those entities,
particularly during the period covered in which this 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 officers and I have disclosed, based on our
most recent evaluation of internal financial reporting to the audit committee of
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  control 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 controls over
financial reporting.

Date: May 16, 2005

                                        By:      George R. Quist
                                                 Chairman of the Board and
                                                 Chief Executive Officer


<PAGE>


                                  Exhibit 31.2

                            CERTIFICATION PURSUANT TO
                               18 U.S.C. ss. 1350,
                                  AS ENACED 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  officer  and  I  are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15-d-15(e)) for the registrant to 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  registrant,  including  its
consolidated subsidiaries,  is made known to us by others within those entities,
particularly during the period covered in which this 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 officers and I have disclosed, based on our
most recent evaluation of internal financial reporting to the audit committee of
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  control 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 controls over
financial reporting.

Date:  May 16, 2005

                                        By:      Stephen M. Sill
                                                 Vice President, Treasurer and
                                                 Chief Financial 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 March 31, 2005, as
filed with the  Securities  and  Exchange  Commission  on the date  hereof  (the
"Report"), I, George R. Quist, Chairman of the Board and 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.

By:      George R. Quist
         Chairman of the Board
         and Chief Executive Officer
         May 16, 2005

                                  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 March 31, 2005, as
filed with the  Securities  and  Exchange  Commission  on the date  hereof  (the
"Report"),  I, Stephen M. Sill,  Vice  President,  Treasurer and 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.

By:      Stephen M. Sill
         Vice President, Treasurer and
         Chief Financial Officer
         May 16, 2005