SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549




                                    FORM 8-K




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



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



                    SOUTHERN SECURITY LIFE INSURANCE COMPANY
             (Exact name of registrant as specified in this Charter)



        Utah                        2-35669                  59-1231733
- ----------------------------      -----------               ------------
(State or other jurisdiction  (Commission File Number)  (IRS Employer
 of incorporation)                                      Identification No.)



755 Rinehart Road, Lake Mary, Florida                          32746
- -------------------------------------                          -----
(Address of principal executive offices)                    (Zip Code)


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





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





ITEM 2.  Agreement  and  Plan of  Reorganization  with  Security  National  Life
Insurance Company and SSLIC Holding Company

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

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

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

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

     At the Company's Annual Meeting of  Stockholders,  which is scheduled to be
held on October 8, 2004, the Company's stockholders will be asked to vote on the
approval  and  adoption  of the  Agreement  and Plan of  Reorganization  and the
proposed  merger.  In order to complete the proposed  merger,  a majority of all
common  shares  entitled to vote on the proposal by the  Company's  stockholders
must vote to approve and adopt the Agreement and Plan of Reorganization.

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

o




The approval and adoption of the  Agreement  and Plan of  Reorganization  by the
Company's stockholders;

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

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

o    On the closing date the  dissenting  shares of the  Company's  common stock
     must not exceed 10% of the outstanding common shares of the Company;

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

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

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

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

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


ITEM 7.  Financial Statements and Exhibits

         (c)  Exhibits

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





                                   SIGNATURES

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


                                    SOUTHERN SECURITY LIFE
                                    INSURANCE COMPANY
                                       (Registrant)



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