It is not convertable to whole life. It is renewable to another term life with guaranteed renewable term.
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Primerica Term Conversion?
- Thread starter David C
- Start date
Third Joker
Expert
- 49
You are referring to "re-entry term", I think. This is a far cry from "convertible" in my book.
- 344
Buy term and invest the difference in Citi (C). They need the money...
Investing in Citi is the buy low, and sell lower strategy. It is a great tax hedge for that other stock investment that you lucked out on, and made some $$$. After the Citi loss, NO TAXES due... it is a great acquisition; see how that works...?
As someone pointed out or asked the question earlier in the thread... I wonder if they are now touting their parent company Citi...? No, in fact at a meeting back in Jan they anounced to their agents that they were abandoning the reference to Citi on business cards and marketing materials.
How proud is that of you parent company...? Article here.
G
Guest
Guest
Primerica may be a subsidiary of Citi, but if you are a customer and call Citi, they cannot tell you squat.
Our Rep for 10 years left. We got dumped into a generic pool of customers who apparently do not represent further income. One day, a letter from PFS asking for info to complete our profile sent me searching for why they did not have it in the first place. Called Duluth, ie. Citi..... They did not know who I was...they told me to call PFS....They scrambled a bit but finally found me in their system but could tell me very little and told me to call American (The fund I was now under) Well, they had my info, including phone but could not tell me who my Rep was, why the new Rep had never contacted us or why we were sent a letter asking for info they did not need. SO, I called the other Duluth number in the letter for the Rep which was only mentioned as "Authorized Rep". The lady answered the phone all bubbly and found em in the system but could not tell me anything regarding the letter or who my Rep was. She gave me the number for a Rep hours away, telling me that there were none closer. Later, I get a call from that agent, explaining he was in Duluth but that another agent closer to me would call me. Sure enough, just before 7 pm, he calls. He tells me his brother just opened an office in my city, within the last week. He cannot explain why nobody ever called after my Rep quit and was quick to redirect the conversation while avoiding the questions of why nobody at Citi knew of my account or why PFS could not locate me by account number or why I got the letter... A whole lotta blah. Well, I am moving that IRA to the agent who handles my office 401k account. I will say goodbye to the term life and pickup something else. Primerica apparenlty makes their money on the insurance game and by bilking everyone a Rep knows for getting started.
Ok. Enough of the Rant. Anyone got a sane explanation for how Primerica, a "Wholly owned subsidiary of Citi" is apparently the red-headed step-child whom they are embarrassed to claim?
Our Rep for 10 years left. We got dumped into a generic pool of customers who apparently do not represent further income. One day, a letter from PFS asking for info to complete our profile sent me searching for why they did not have it in the first place. Called Duluth, ie. Citi..... They did not know who I was...they told me to call PFS....They scrambled a bit but finally found me in their system but could tell me very little and told me to call American (The fund I was now under) Well, they had my info, including phone but could not tell me who my Rep was, why the new Rep had never contacted us or why we were sent a letter asking for info they did not need. SO, I called the other Duluth number in the letter for the Rep which was only mentioned as "Authorized Rep". The lady answered the phone all bubbly and found em in the system but could not tell me anything regarding the letter or who my Rep was. She gave me the number for a Rep hours away, telling me that there were none closer. Later, I get a call from that agent, explaining he was in Duluth but that another agent closer to me would call me. Sure enough, just before 7 pm, he calls. He tells me his brother just opened an office in my city, within the last week. He cannot explain why nobody ever called after my Rep quit and was quick to redirect the conversation while avoiding the questions of why nobody at Citi knew of my account or why PFS could not locate me by account number or why I got the letter... A whole lotta blah. Well, I am moving that IRA to the agent who handles my office 401k account. I will say goodbye to the term life and pickup something else. Primerica apparenlty makes their money on the insurance game and by bilking everyone a Rep knows for getting started.
Ok. Enough of the Rant. Anyone got a sane explanation for how Primerica, a "Wholly owned subsidiary of Citi" is apparently the red-headed step-child whom they are embarrassed to claim?
- 1,704
After age 70, they offer you a 10-yr extended term with ART prices. Unaffordable.
Because they have inferior life products. If you own one you should do a little comparison shopping and you will see what I am referring to.
If you wish, just reply with the following info: your age, state you reside, appx Ht and Wt., face amount of ins overage, the same info on any other insured on the policy... and you will see some quotes to compare.
How long have you had the PFS policy...? How many yrs remaining at the same premium...?
G
Guest
Guest
Yeah but look at Primerica now they kicked Pru's butt
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Primerica does not have any conversion dummyYou're missing the point HealthGuy. Primerica is the ultimate BTITD company, any permanent insurance is like the anti-Christ to them. Kind of like someone from Amway buying a Proctor & Gamble product.
So, wouldn't having a conversion option to permanent insurance be the exact opposite of everything they stand for?
Hey, I got two MLMs in one post LOL
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Hey, it's a new paradox!
The old paradox:
"If 7-11s are open 24 hours a day, 7 days a week 365 days a year, why do they have locks on the doors?"
New paradox"
"If BTITD is the best strategy, and the invested "difference" will make up for any future insurance need, why does your policy have a conversion provision?"
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Quotes are one thing quality is another
Compare apples to apples Primerica has top notch products paying out approx $2 mil on claims per day
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Your term site is down, broke already??
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Primerica does not sell annual renewable term get it straight.
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Keep looking I doubt you will find many Primerica policys replaced buy any whole lifers
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All you whole lifers have not got used to Primerica yet?
They still rule you know
Just give up and start doing what is right.
Gods watching you.
Last edited by a moderator:
- 4,132
I love your energy... let's see if you're still around in a year.
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