At some point will Primerica add FE?

[Cornelius]

What's also kind of funny is back some years ago they tried to get the licensing to get easier as they only sold term.

Now will the agents have to get certified to market medicare advantage or use some sort of referral process?

 

[WinoBlues]

What's also kind of funny is back some years ago they tried to get the licensing to get easier as they only sold term.

Now will the agents have to get certified to market medicare advantage or use some sort of referral process?

I have known many current and former Primerica agents. As a group they are the least informed one note agents I have ever met.

But the ones that learned the ra ra meeting shtick were a sight to see. Those agents would leave the meetings pumped up. Until they got home and had to explain to the spouse that they just spent the milk money on some more pfs motivational tapes.

 

[rousemark]

Isn't National Benefit Life a FE company?

Appears they just administer Primerica policies.

 

[Allen Trent]

ust spent the milk money on some more pfs motivational tapes.

at least is was the milk money & not the cell service, internet, iphone payment type of money

 

[toolbelt]

at least is was the milk money & not the cell service, internet, iphone payment type of money

That comes on day 2.

 

[toolbelt]

As a group they are the least informed one note agents I have ever met.

Well here is their response to that;
"The Company does not believe that a reasonable consumer exercising appropriate due diligence would conclude that the payment of $99 for insurance education and training somehow provides an assurance or guaranty of a lavish lifestyle or expansive income."

 

[Cornelius]

the irony of a company for 40+ years telling middle class & low income consumers that permanent life is a scam & to buy term & invest the difference. They now realize there is a huge market of consumers that didnt follow that advice &/or now need coverage to at least cover final expenses

The baby boomer market is now the senior market.

 

[Allen Trent]

The baby boomer market is now the senior market.

But the baby boomer market should be flush with so much cash from buying term & investing the difference & cashing in old WL/UL that Primerica should be buying a fee only financial planning firm to manage all that money. Not a FE company cause small permanent burial policies shouldn't be needed, right?

Wonder how many seniors buying FE at one time had WL they cashed in. Probably cashed in Dividend rich WL policies in the 90s & now buying small face non-dividend paying burial policies for more premium than they were paying for the higher face dividend policies they cashed in.

 

[KathiMR]

the irony of a company for 40+ years telling middle class & low income consumers that permanent life is a scam & to buy term & invest the difference. They now realize there is a huge market of consumers that didnt follow that advice &/or now need coverage to at least cover final expenses

Wow. It is a scam. The #s don’t lie.
But this in no way at all contradicts Primerica philosophy. Primerica was founded in 1977. Clients have gotten older & following BTID are able to retire & not need life ins.

Do you even understand what this is about? Referral service for senior clients who need a Medicare plan. Does not in any way contradict BTID!

& if people for whatever reason continue to need life ins they can renew.

 

[KathiMR]

It looks like they are entering the senior market. Health and Annuities?

Primerica Announces Agreement to Acquire e-TeleQuote

it would be wise before bashing what you don’t understand to do a little research. Primerica has been in the senior market for years so that we can continue to serve clients.
Primerica has been offering annuities for over 20 years. & expanded those offering in last few years. But w careful scrutiny for suitability.
Also offering health ins in some states.