You should find the best price for the coverage amount and term length needed to protect your family. Term life insurance the way Primerica presents it is a commodity. If you get a rate higher than you think because a Primerica underwriter thought your cholesterol was a little high, they’ll advise you to take the offer without checking other options. Since Primerica agents only offer Primerica Life Insurance products, this means they don’t shop the market for you. We agree that term life insurance is the best option for most families, but there are situations where other products are better. They’re trained on blanket advice that “buy term and invest the difference” is the ONLY way to go. Primerica agents can only offer 1 life insurance product – term life insurance. Fact #1: Primerica Only Offers Term Life Insurance Now that you understand the marketing methods of Primerica life insurance, let’s get into the review of their actual life insurance offerings. We always recommend reviewing other life insurance agencies that are independent and offer multiple quotes like Policy Genius, SelectQuote, or our own agency.ģ Facts You Should Know About Primerica Life Insurance The point I’ll be making below is you can do much better than their term life insurance offering. They’ve likely only known Primerica and don’t know any better.Īnd I feel the need to add this – Primerica agents are good people trying to protect families. Sure your friend or family member that’s pitching you a term life insurance policy may be licensed to sell insurance, but that doesn’t mean they’re qualified to give you the best advice. For most Primerica agents this is a side-hustle, so you’re not getting the advice or help of a life insurance expert.
The reason we present this information first is so you know that your Primerica agent is a recruiter first and life insurance agent second. With that said, they are a legitimate company that offers credible life insurance policies. For comparison purposes, full-time agents write policies every day. That means the average agent writes 2 life insurance policies EVERY YEAR. Remember above how we mentioned they are the #2 issuer of life insurance in North America? Well according to public record sourced here on Business Wire (Primerica is a publicly-traded company) each agent averaged. While this might seem like some “scam,” it’s not. In fact, most recruits have trouble passing the insurance exam, according to the Wall Street Journal. This doesn’t exactly scream “expert” life insurance agent. Once you are a part of the organization, they will encourage you to do the same thing. This means the agent who presented you this Primerica term life insurance will probably ask you to join their team in the future so they can make money on the life insurance policies you sell. Review of How Primerica Life Insurance Worksīe aware that Primerica is built as a multi-level marketing business. We also recommend you look over our list of best life insurance companies to help with your life insurance purchase. I encourage you to spend a few minutes with this article to get the facts about life insurance from Primerica before you make a decision. You may have been approached by a friend, family member, or colleague about buying a policy from Primerica Life Insurance Company. Their rates are usually higher than the competition. Primerica uses a marketing strategy to recruit new agents who aren’t always experts.
Primerica is a legitimate company offering term life insurance policies, but most people can find a better policy elsewhere. Let’s Get To The Root Of It! Here are the key takeaways…
#VSEE PRIMERICA HOW TO#
#VSEE PRIMERICA FULL#
This Primerica life insurance review will expose the full picture, including how the company and their life insurance agency system work. Note: Primerica is often referred to as Prime America by consumers. But is Primerica one of the best options for life insurance in 2020? In 2018, Primerica was the #2 issuer of life insurance products in North America.
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