That is before cancellations, and includes policies that reps/recruits purchased themselves. The net gain per rep in 2019 was 0.27 policies, which doesn't factor in any dilution by the 44,762 licensed reps who left during the year.
Primerica #2 provider of term insurance in "North America"
- Thread starter wfs
- Start date
Doesn’t sound like you know much about current Primerica policies. The main ones offered are 10-35 year level term policies!
They can be layered if they don’t need full coverage for full term such as kids coming of age & not needing support, So could be a 30 year level term w a 20 year rider, etc. When the rider drops off, so does the premium for that rider. Coverage tailored to client needs!
& yes 1 policy w 1 policy fee per family w riders covering spouse & the child rider covers all kids! Much better for clients! & Most death claims paid w in 2 weeks. Not cheapest, but competitive.
Yes. A poorly written article. You could get more info reading the earnings report articles. Can find on Yahoo Finance, etc.& if you read the rest of the article business continues online!
Which would also explain that Primerica markets other products by referral. auto & HO referrals, legal protection plan, ID theft & Vivint smart home/home automation. So brand new unlicensed reps during training can get paid for those before they get licensed.
You obviously do not know what BTID stands for or means.
The ID stands for invest the difference! So often more coverage—what they actually need instead of being underinsured like so many are—& invest the difference.
Fair comparison would be more would be their cash value at say age 65 vs investing the difference in mutual funds. & oh yeah. If they do die, beneficiary gets the face amount & also The investment value!
So be fair in your comparison—same monthly amount for cash value life vs buy term & invest the DIFFERENCE. & compare the amounts at 65 it 67 using that same amount of money. Now they may need to invest more to reach their goals. But investing the difference will get them more money! & is what most other financial experts recommend!
- 11,305
I need some laugh emoji's on this forum for when the 'like' button just doesn't cut it.
- 11,305
I'm going to give you a clue: you ARE the expert. You're the one with a license. Most of these other "financial experts"... have no licensing, therefore cannot be held liable for their misinformation.
Of course, Primerica only sells term, and I have yet to hear about a lawsuit about someone replacing a cash value policy with overpriced, non-living benefit term policies.
You lost us the minute you said mutual funds, which are the equivalent of a Herbalife F1 milkshake to healthcare. But even if you believe your own BS, why do your annual reports paint a completely different picture????
Experts.....like Dave Ramsey??? lol
- 25,068
I am open to learning.
Post a hypothetical illustration for the following.
Male 45 Pref'd best non Tobacco
Female 45 Pref'd best non Tobacco
$500,000 30 year term each / With waiver of premium.
- 4,619
So, are you telling me that Primerica offers only 10 & 35 year level term & that both of those have premiums that are fully guaranteed for the full level duration?
For some reason, I had it that Primerica offers 10, 15, 20, 25, 30 & 35 & that the premiums are not guaranteed for longer than the 20 years.
So, will you guarantee people that it is much better for clients to have spousal riders? I have seen many disasters at divorce time for spousal riders either because the spousal rider might not be able to come off the policy onto its own policy without underwriting, that it cant be converted to permanent or most of all the spouse that owns the base policy & pays the premiums is spiteful & ends the coverage on the tag along rider in the middle of a divorce. but maybe Primerica clients don't get divorced, cause their marriage is perfect after the financial strains of life are fixed by their part time agent counseling them on all their insurance, financial, pre-paid legal, etc.
Similar threads
