Company Information Company History: Founded 1887, Binghamton, NY, Security Mutual Life was the first insurance company in the U.S. to offer Disability coverage. As of December, 2006, it had paid a client dividend for 114 consecutive years. The current name was adopted in 1960. Although it is licensed in all 50 states as well as the District of Columbia, Puerto Rico and the U.S. Virgin Islands, Security Mutual Life Insurance Company of New York does over half of its business in New York state and almost 20% more in the 3 adjoining states of ...