What is primerica

Thanks for this article! I joined Primerica a few months ago, truly interested in helping families with their insurance needs. However, only after one week, I realized that emphasis was more on recruitment giving my upline my contacts and family members names than learning about the product. I started feeling like I had made a mistake, as I was trying to learn and pass my licensing course, which was my main goal. Just before my 30 day deadline to get my money back, I quit.

No trainings about the insurance products, but focused on recruitment only. Glad I am out of Primerica. This guy barely knows about the Company.

He uses another company to get people in his Company how to listen to someone who has never been in the company. I have friends in the company that are successful in the company. Hi Mary, thanks for the comment. Just because you know of several agents that are successful, doesn't mean it's a great choice for every agent considering joining.

That's the purpose of this article: to give potential agents considering Primerica some additional points to think about before making their decision to join. What's wrong with that? Actually Mary, MLM is like asking McDonald's staff to pay for the cooking oil and utilities used to make french fries, as well as paying for the lease on their building, while also suggesting that consuming their own fries is the path to financial freedom.

David, honselty even though I dont work for you, I do read up on your articles, I loved the article specifically about bankers life and honselty myself, I did back out of it after knowing what process they use with the cold calling, I did go with primerica for now based on your article and based on the interview I recently had with them. Later on down the road if things don't pan out you may expect a call for me, ive looked a tons of info for different companies and I always thank you so much for your in detail descriptions of what you've gone through.

With captive agencies like primerica and the hart group, they do make the start easy for at least gaining experience and just getting comfortable with selling in general, they do make it even easier by providing you with free leads to call yourself.

They do promise they are direct leads and not cold calling, but after I get a few sales in myself and see what this game is all about, one day id love to give you a call and talk some business about me possibly joining on your team. Hope you have a great and everyone who sees this, I wish you luck on the sales guys.

Oh and last thing, David, if you can tell me how the numbers change has been in insurance since covid start in vs the start of this , that would be cool. Hi Jose! Hi David, I agree with many other respondents I didn't read them all that this is a very interesting article. Full disclosure, I have been with Primerica since and have been in the business longer than you. I am also securities licensed and have been since Therefore my opinion will be somewhat bias but also a testimony to the potential success.

Primerica does emphasize recruiting and passive income. That is what you are doing as well. If you were to research the reason why the company was founded as a term Insurance only company you would find that the founders truly believe that Whole Life has its downfalls in the long term and Universal Life is a dangerous product.

Additionally, Primerica does not target the "Senior Market" so making that a talking point seems a little misdirection. Much of the training issues, etc. My agents definitely know products as well as the sales process. I understand that there are bad apples in the barrel but not all of us are and we can be successful as professionals. Just my thoughts. Thank you.

Hi Eli, thanks so much for your contribution, and congratulations on achieving RVP. For most of the organizations I review, the issue with training usually comes down to the local office or direct upline the agent is affiliated with. In other words, who you work with makes a huge difference. I had weird experience with Primerica. I was very seriously considering it. However, when I started asking legit questions the representative completely quit communicating with me, and what questions were answered were always vague responses.

There was a "deadline" to enroll to get a certain "deal" off of the joining fee's which they claim are just for your background check. Anyhow I decided rushing into something was a bad idea and when I didn't jump to sign by Feb 1 she was done with me I guess.

They are offering you a business opportunity as an agent on their platform. Why not be forthcoming with that? Why lie and act like you're presenting a job opportunity vs a business opportunity.

For me the was my first red flag, my second red flag was they called themselves Arrizon in the presentation and didn't mention Primerica once, but I continued on to see what it was about. It was my own research that connect the two, I literally had to ask my reps if they were Primerica. I had set through a Primerica presentation about 20 years ago and decided no then but I had since changed so why not hear it out, I thought, and so I let it continue.

I told her a warm lead marketing style would not be a good fit for me but she continued to try to sell me on the idea. So I did some research, started asking questions, and then as I mentioned above the representative just stopped communicating with me. It may very well be working for some people but I was lied to twice right off the bat.

I personally can't support that type of business model. Naturally it feels scammy, I'm not sure how agents don't see that but I guess they are taught to believe in this dishonest, unforthcoming business model. The only good that came from it, is it prompted me to start doing research into insurance sales and what type of company I want to work for and or build an agency with.

I want them to be comfortable and SURE. If this were not the case I would not be setting them up for success. However with Primerica it didn't feel, in the case of the agent I was working with, that she cared anything about my success or if I was a good fit, she just wanted to get me signed and signed fast. This has not been the case with Duford or a few other agencies I have been researching.

They are not pushing me, they are not giving me a deadline, they seem very open to my questions and actually encourage them. Up front and honest.

I am still researching the best fit for but Primerica was the first to be cut! Thanks for your detailed comment, Pixie. I really appreciate it and so do those who are in the middle of doing due diligence. The Good: Primerica let me get licensed part-time while in the Navy, learn about the industry from the inside, and meet the gentleman who helped me in the intermediate steps to where I am today.

The Bad: Dave was charitable in his discussion of Primerica's balance between recruiting and training you for insurance sales as a well-rounded professional from my experience. My experience, and experience of more recent "Primerica refuges" I've talked with is it's recruit first, second and third and then minimal time given to anything more than very basic insurance training, plus a very broad portfolio of other products including variable annuities a very complex, risky, fee laden product NOT to be sold or recommended by new and inexperienced agents imo.

Also, at least when I was a Primerica agent, you had to "give your upline" your most productive leg-in an MLM focused business. What kind of long-term culture do YOU think that creates? My recommendation: If you are an MLM person and love recruiting, maybe find a different type of MLM with less licensing and complexity and build a huge network. Dave provides a good service here objectively covering a number of well-known agencies, and there are other growing companies like my current one that treat the clients with respect, allow you to build an agency if you want to or just personally produce.

Best wishes for success! I just signed up with primerica 30 days ago and was told leads would be provided. Most top teams are couples. I really thought my training appointments were for me to gain knowledge. Yes it is but, its to offer our products or business to family and friends. Know my understanding is I have to build business partners get 15 family and friends contact info and thats how I get my sales.

I was explained you can make per a sell up to around there. In order to do that you schedule 8 to 10 appointments a week which take 1 to 2 hours and you may only get one sell. I dont want to sell to family or friends. Also they always have you in trainings and meetings. Now I appreciate the motivational stories but, its the same every week. I am just disappointed.

I manange to get a life policy to before I understood what term ment. I just finished my lincense course and next will be taking my test. I wish I had seen your article before I joined primerica in other words I am going to get my license so I can get my refund and my bonus and look in to FFL or any other insurance.

This was spot on. I didn't know a lot of people, therefore had little credibility, and didn't do too well other than selling some term life insurance and retirement plans and after 4 years, became inactive, and transferred my licenses to MetLife Auto and Home as a captive P and C agent that sold some term life. I did well with Met, becoming top producing agent in my state 4 years in a row, and going to annual conference in Fast forward, I grew tired of "sales" and in , persued a career in pharmacy and became a registered pharmacist.

As a hospital pharmacist in rural NM, I see the great disparities between the "haves" and "have nots", the treatment they receive, and the health outcomes. Although I am compensated well, and also have a part-time consulting pharmacy business, I have decided to get back into Primerica part time, with no expectations. I've seen firsthand, with co-workers, and patients, the difference between having a financial road map for retirement, and relying on a hope and a prayer that social security will provide in the golden years.

My Primerica RVP from is still in the business, he's not hugely successful, but he gets to work when he wants to and spend time with his family when he wants to. He's a decent, honest, low key person, and probably the main reason I want to get back into Primerica.

He's also knowledgable about the insurance and investment products he's a former CPA. Are there pushy, unscrupulous RVPs and leaders in Primerica? Sure, but I'd rather focus on the good than the bad.

What's wrong with talking to family and friends about getting out of debt, having the right kind term for young families with financial responsiblities and proper amount of life insurance, and saving money for emergencies and retirement? No where did you mention the FNA financial needs analysis that is provided at no cost. I'm not doing this for the money I make well over 6 figures , I'm doing this to get the word out that people are hurting financially out there, especially now.

I just started with Primerica. I didn't fully read your article, mainly because a lot of it seems far more than biased, but I did skim through it. I don't feel that you're being fair with a lot of the things you said, but, since you have no actual experience with Primerica, I'm not too worried about it. In my experience so far, Primerica is so much more than just an insurance company.

They help people to get out of debt and prepare for the future. Personally, my trainer does not talk about targeting Seniors, at all.

I think that you are more focused on making money through sales sales sales and one of the best parts about Primerica, in my opinion, is that I don't have to sell sell sell people, friends and family, products that they don't need and don't want.

Are there bad apples with Primerica? There are bad apples with every company, ever. Maybe I just got lucky and got on the right team. I don't know. I suppose we shall see. Good luck. Hi Ryen, thanks for commenting. I appreciate you admitting you didn't read the article entirely before commenting.

I'd recommend carefully reading through everything top to bottom as I address all of this in great detail. Otherwise, best of luck to you working with Primerica; there are certainly people who do very well there. I just got off an interview call with Primerica and it was totally off-putting to me. The 2hrs I spent were all about recruiting family members and friends and very little on actually selling the product.

It reminded me of those pyramid schemes. I'm glad I read this article, you were spot on! Thank you for being very neutral. You said it wasn't a pyramid and its not. You wrote a great article. The recruitment piece should be enough for anyone with half a brain.

I fired corporate America two years ago and made the jump to Primerica. Been an agent ever since. I did read your review in full and fond you were fair and unbiased. Also read through most of the comments. Not every company is the right fit for everyone just like not every product is the right product for everyone.

Here is my two cents worth. Why recruiting? Recruiting is an essential part of growing a business. You need a host, cooks and servers, etc… Without them, you probably wont survive. The point is to eventually have others run your business while you earn passive income. Why friends and family first? Friends and family will be the first to help in spreading the word about your new venture.

They may even benefit from what you may have to offer. Going back to the restaurant, before you open it to the public you want your friends and family to come by and try your food first. Draw a triangle and at the very bottom start with the employee. Above the employee is the supervisor, then the manager, then the department head, etc… all the way up to the owner.

Then you have to take into account seniority. As a Primerica agent, your advancement depends on you and you alone. No other factors to consider like those of an employee at a job.

The Company? Like many franchise restaurants, you could have great service one day and the next time a different server that makes your experience less than desirable. You just had a bad server. Unfortunately, one bad experience makes the whole company look bad. My mentor has been in the business of finances for over 28 years. He's a straight shooter. Put your clients needs first and your pocket second is his motto.

You have options. I was lucky to land where I did. Hi, I'm young and 22 and just looking for some insight. I joined primerica and got life licensed and securities licensed. I am not a fan of the emphasis on recruitment and on farming my loved ones friends and family for sales and leads. I am essentially wondering two things: 1. If I do decide to leave the company, will my licenses be revoked such that I cannot use them when applying for other securities or Life insurance jobs?

I would hate for all that studying and money to be for nothing. I don't see long term success just asking those close around me. I'm not sure about Canadian law, so it's hard to answer. There rarely are salary-based insurance sales jobs. Hi, So I was wondering what happened to this company in my area. About 10 years ago I was approached literally left and right and always declined.

Thanks for the info and reassurance I made the right choice. I agree with everything I just read, but how do I get out? I've only been with them for 2 weeks and I am never really comfortable selling things to people.

I started working with Primerica about a month ago. I just got life licensed. My biggest problem with Primerica was, is, and will continue to be that they expect you to prospect your warm market. My family and friends are not the people who want to talk to me about their financial lives. Hello, I was recently approached by a recruiter offering 6 figures and a full benefits package, and a "set your own pace and schedule" type of employment. While researching the company I came across your article.

I was already apprehensive about joining due to the overhyped pitch he gave. My father always told me, "If it sounds too good to be true, it probably is. I will be declining the offer. Hello, as a Primerica agent I do appreciate your unbias report, however I believe you are not telling the whole story.

We are a company of many things, just not life insurance. You can't compare apples to oranges. Primerica was built by a highschool coach, Art Williams, who got ticked off because his parents got taken advantage of by an insurance agent selling a product that wasn't fit. Are you this business?

Save Saved. Live agent Are you this business? Find Life Insurance Companies partners near you Find my match. About Primerica. Find Life Insurance Companies partners near you. Overall Satisfaction Rating 5 stars. How do I know I can trust these reviews about Primerica? Meldyn of Colorado Springs, CO. Read full review. Amy of Warren, MI. What is Primerica?

Primerica life insurance policies Primerica exclusively offers term life insurance and simplifies the process by providing only two plans: TermNow and Custom Advantage. How much does Primerica cost? Primerica pays out most life insurance policies within two weeks of a claim submission.

A small percentage of policies take longer than two weeks to pay out. Does Primerica require a medical exam for life insurance? It depends on the policy: To get a Custom Advantage policy, a Primerica life insurance medical exam is required. TermNow policies do not require a medical exam, but Primerica does a background check to determine eligibility. Can I buy Primerica whole life insurance? The maximum term available for Primerica term life insurance is 35 years for people under For people over 55, the maximum term is 25 years.

Is Primerica life insurance legit? Yes, Primerica is legitimate. Primerica has offices in every state across the U. Is Primerica legit?

Sort: Top reviews. Top reviews. Most helpful. Filter by: Any. Page 1 Reviews 0 - 5. Original review: Aug. Original review: Jan. Not sure how to choose? Original review: Dec. Original review: Nov. Original review: Oct. Original review: Sept. Christina of Indianapolis, Indiana Verified Reviewer. Original review: July 29, PRIMERICA is very inclusive of all ages and gender and it has really shown through this pandemic when other companies were turning our seniors away they were inviting all to come along and get coverage.

Take a Life Insurance Quiz. Get matched with an Authorized Partner. ZIP Code. However, if you decline any annual increase, all future increases will also be discontinued. If diagnosed with a terminal illness with a life expectancy of six months or less, you can use the terminal illness benefit rider to tap into your death benefit.

You can add the waiver of premium rider to your Custom Advantage or TermNow policy if you are under the age of With this rider, your premiums will be waived if you become completely and permanently disabled as diagnosed by a physician, and your policy will remain in force. While most companies sell to customers through dedicated insurance agents or through their websites, Primerica utilizes a different business model. It has over , representatives who are independent contractors.

Those representatives sell insurance products to their own personal networks and within their communities. They earn commissions based on the sale of products and on qualifying product referrals. Because each representative is an independent contractor, the level of service and responsiveness can vary from person to person.

You have to contact a Primerica representative to get quotes for its life insurance policies; you cannot get a quote online. You can use the locator tool to find an agent near you. Thinking of becoming a Primerica insurance representative to boost your income? The complaint ratio reflects how many complaints a company received relative to its share of the market.

The national complaint index is 1. If a company has a complaint ratio below 1. By contrast, a complaint ratio over 1. In fact, Primerica has had lower-than-typical complaint ratios for the past three years.

AM Best is a global credit rating agency that is primarily focused on the insurance industry. In the J. Power U. Life Insurance Study, Primerica was ranked 16th out of 24 life insurance companies based on several factors, including product offerings, pricing, customer interaction, and communication.

Primerica was given a rating of , which is below the individual life insurance company average. Depending on where you live, you typically have a free look period of at least 10 days, though it may be longer in your state.

During the free look period, you have a few days after receiving your policy to review the documents and cancel your plan if not satisfied. Once the free look period expires, you can still cancel your Primerica insurance policy whenever you wish. To cancel, contact your sales representative or call When you cancel, ask for a confirmation email to be sent to you for your records. There is not an option if you are nonbinary or prefer not to answer. You may find their application processes outdated and restrictive.

For middle-income families looking for a basic term life insurance plan and in-person assistance, Primerica may be a good fit. And, you may be able to get a policy without getting a medical exam. For those who want more coverage and options, consider Transamerica. Transamerica has eight different plans to choose from, including term, whole, and universal life policies. Transamerica also has more insurance riders available to customize your policy, such as an accelerated death benefit with nursing home care, accidental death benefit , and chronic illness accelerated death benefit.

For families who are looking for basic life insurance plans who may have a friend or loved one who is a Primerica sales representative, Primerica could be a useful option. You can get a simple term life insurance plan and potentially skip the medical exam.