Primerica

[somarco]

GA asks if this will be your full time or part time business. If part time, they want to know your primary focus. Can't say anyone was ever denied a license for indicating they would work part time. Carriers ask similar questions in the appointment process.

The point is, prior to ALW and all the part time dufus agents running around, there was no pre-licensing class, no CE.

Not saying those things are bad, but they do weed out a few folks that think this is a fast buck business. Of course that didn't stop Tom . . .

 

[carol369]

they are the ALWilliams organization, Remember the Greenies? Aslo they inadvertantly caused the insurance industry to have mandatory CE.
This may have been before your time.

I remember Al Williams, but didn't realize about the mandatory ce.

 

[Guest]

Primerica has, for the most part, a bunch of part-time amateur agents running around selling a little bit of insurance.

Choosing to work with them would not be a great career decision.

PRIMERICA has over one hundred thousand agents offering more than life insurance.
Educating people, is key to their financial success.
Most agents just want to sell insurance, but not Primerica reps.
They offer much more than life products, like freeing up money to save for retirement, getting out of debt faster, the opportunity to make an extra dollar just to mention a few.
As far as part time agents, PRIMERICA is still the #1 producer in USA and other countries for life insurance.
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When companies can not compete they condem, why is that??
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I remember Al Williams, but didn't realize about the mandatory ce.

Nothing wrong with education that I can see.
Keeping up with the laws that change is a good thing.

 

[somarco]

You are correct. Nothing wrong with education.

Plenty wrong with ALW/PFS

PRIMERICA is still the #1 producer in USA and other countries for life insurance.

You have documentation or just company bullsh*t?

 

[Guest]

No one is disputing that Primerica sells a lot of term life insurance. While all the rah rah we're #1 is great for the company is it best for the rep? The average Primerica rep back when I was in it in the mid 90s was 1 1/2 policies a year. It may be higher or lower now. So it's a lot of agents selling a little. Personally I'd rather sell 100s of policies myself from companies who are highly rated and not the #1 seller of term life. I do love it when I run into a Primerca policy. I say I agree with everything they say about buy term and invest the difference, but why not buy cheaper and invest that difference too?

You know what they say, you get what you pay for.
For the most part that still holds true.

 

[Norwayguy]

PRIMERICA has over one hundred thousand agents offering more than life insurance.
Educating people, is key to their financial success.
Most agents just want to sell insurance, but not Primerica reps.
They offer much more than life products, like freeing up money to save for retirement, getting out of debt faster, the opportunity to make an extra dollar just to mention a few.
As far as part time agents, PRIMERICA is still the #1 producer in USA and other countries for life insurance.
- - - - - - - - - - - - - - - - - -
When companies can not compete they condem, why is that??
- - - - - - - - - - - - - - - - - -


Nothing wrong with education that I can see.
Keeping up with the laws that change is a good thing.

I will admit this Primerica has a good concept in that you gather information and present a plan to reduce debt, cover obligations with insurance, invest for the future. The problems lie in the fact that your mortgage products has high interest and when I've seen it presented it is normally hidden by comparing a bi-weekly payment next to a monthly and saying that the interest rate doesn't matter because the payment is less...but its less because of the extra months payments not the interest...The insurance products are higher priced without options that come withother companies products ie conversion options and finally even though Primerica might have over 100K reps they have few Registered Reps and many people do not follow through on the investment aspects. The ability to make a dollar buy entering the insurance field the problem here is there is nothing wrong with entering the insurance field it can be a very rewarding profession the problem I have run into is the people that are RVPs and training new agents have only been with primerica they repeat the same things they were told back in the 80's and 90s there is no idea of what else is out there and how the products underperform for people...Do you believe there is a reason you don't see successful experienced agents join Primerica (and by this I mean agents who work full time in this profession and are successful and then join Primerica).

 

[somarco]

How many MDRT producers with PFS?

How many clients actually DO buy term and invest the difference?

How many clients actually DO retire debt free?

 

[Guest]

You are correct. Nothing wrong with education.

Plenty wrong with ALW/PFS



You have documentation or just company bullsh*t?

AM Best,, BBB,
Check it out for yourself

 

[Norwayguy]

How many MDRT producers with PFS?

How many clients actually DO buy term and invest the difference?

How many clients actually DO retire debt free?

Somarco I totally agree with your feeling with Primerica and they do spout these things but you can work with clients and they will disregard advice buy toys and rack up debt and not retire debt free that is not Primerica's fault nor is it the fault of any advisor people need to want to be debt free and I would say many people we work with and provide insurance too don't care for that goal. My biggest problem is when a primerica agent spouts off something like you get what you pay for trying to make a client think that since Genworth may be less expensive it offers less protection then a similar face value and length policy from Primerica when it probably has a longer guaranteed level premium and conversion options.

 

[Guest]

I will admit this Primerica has a good concept in that you gather information and present a plan to reduce debt, cover obligations with insurance, invest for the future. The problems lie in the fact that your mortgage products has high interest and when I've seen it presented it is normally hidden by comparing a bi-weekly payment next to a monthly and saying that the interest rate doesn't matter because the payment is less...but its less because of the extra months payments not the interest...The insurance products are higher priced without options that come withother companies products ie conversion options and finally even though Primerica might have over 100K reps they have few Registered Reps and many people do not follow through on the investment aspects. The ability to make a dollar buy entering the insurance field the problem here is there is nothing wrong with entering the insurance field it can be a very rewarding profession the problem I have run into is the people that are RVPs and training new agents have only been with primerica they repeat the same things they were told back in the 80's and 90s there is no idea of what else is out there and how the products underperform for people...Do you believe there is a reason you don't see successful experienced agents join Primerica (and by this I mean agents who work full time in this profession and are successful and then join Primerica).

Your right their interest is higher because they make their money on the front of the loan. Difference is they use simple interest not a fixed interest. Therefore saving the customer money in the long run. As far as succesfull people joining Primerica there have been many, dont know all of them personally but have met quite a few.
But there you go thinking Primerica is just an insurance company. Diversification is key, by that I mean offering more than insurance. Werent you ever told dont put all your eggs in one basket??
Same thing applies here.
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How many MDRT producers with PFS?

How many clients actually DO buy term and invest the difference?

How many clients actually DO retire debt free?

Not near enough
There is still not enough Primerica reps to service those who need help.

Im afraid I dont know what MDRT stands for, sorry