At some point will Primerica add FE?

[KathiMR]

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.

This is NOT a FE co! It is a Medicare in's co. Offering Medicare Advantage Plans. & maybe Medicare Supplement plans. As a referral service as auto & HO ins & other things already are.

& Primerica already has Primerica Advisors & has had for some years. So Primerica reps can get licensed to offer that.

 

[KathiMR]

More than likely they are buying the technology to sell direct online vs MLM.

Primerica is NOT MLM. & already does offer other products & services by referral such as Auto & HO, etc. Primerica already has been recognized as a technology leader. We have been able to take life apps electronically for years—starting on Palms.
Can do most things electronically already & w COVID were able to meet w clients on zoom & do biz that way.
But it is still agents meeting personally w clients even as we use technology.
This fits w the fact Of Primerica being in biz since 1977 so many clients have matured into mature market clients who are on Medicare. This will allow assisting them w Medicare Advantage plans & I think Medicare supplement plans. Along w other existing mature market products.

 

[Cornelius]

The annuities were a given. As for health now med supps and Medicare advantage? Is it going to be referral based or agent direct business?

Something that is going to happen is entering the senior market agents will be exposed to other opportunities as many only know the PFS way.

Once many see the difference between inhouse and outside commissions on MA and Medsupps plus renewals It's a wrap. Not to also mention the potential commissions on FE policies.

Should be interesting. No hate here on their market expansion.

 

[Todd King]

prepaid legal, identity theft.

I was talking about life insurance. Nothing but term there.

 

[Todd King]

Primerica is NOT MLM. & already does offer other products & services by referral such as Auto & HO, etc. Primerica already has been recognized as a technology leader. We have been able to take life apps electronically for years—starting on Palms.
Can do most things electronically already & w COVID were able to meet w clients on zoom & do biz that way.
But it is still agents meeting personally w clients even as we use technology.
This fits w the fact Of Primerica being in biz since 1977 so many clients have matured into mature market clients who are on Medicare. This will allow assisting them w Medicare Advantage plans & I think Medicare supplement plans. Along w other existing mature market products.

When did Primerica stop being an MLM?

 

[WinoBlues]

Clients have gotten older & following BTID are able to retire & not need life ins.

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

hi Kathi, how long have been with PFS?

 

[Cenla Agent]

Primerica is NOT MLM. & already does offer other products & services by referral such as Auto & HO, etc. Primerica already has been recognized as a technology leader. We have been able to take life apps electronically for years—starting on Palms.
Can do most things electronically already & w COVID were able to meet w clients on zoom & do biz that way.
But it is still agents meeting personally w clients even as we use technology.
This fits w the fact Of Primerica being in biz since 1977 so many clients have matured into mature market clients who are on Medicare. This will allow assisting them w Medicare Advantage plans & I think Medicare supplement plans. Along w other existing mature market products.

Do they serve grape or cherry koolaid at your office?

 

[KathiMR]

The annuities were a given. As for health now med supps and Medicare advantage? Is it going to be referral based or agent direct business?

Something that is going to happen is entering the senior market agents will be exposed to other opportunities as many only know the PFS way.

Once many see the difference between inhouse and outside commissions on MA and Medsupps plus renewals It's a wrap. Not to also mention the potential commissions on FE policies.

Should be interesting. No hate here on their market expansion.

Wow. Ignorance. PFS has been in the senior market for years. We have done LTC ins & Annuities.
This will be referral like Auto & HO, etc are.
But we also offer so many different things & different ways to get paid. Not interested in the other stuff.
We like changing people's lives for the better. Reaching out to those others neglect. & promptly paying claims.
We can do Auto, HO & biz ins as referrals, prepaid legal, ID Theft & Vivint Smart home/home security systems.
& since what we do is good for people, we also help ourselves.
I was just able to do an VA 1035 exchange for myself to a newer product w better benefits & locking in much higher base. Co carefully scrutinized this to make sure it was appropriate. & I made over $9k. Not something we usually do but in this case it really made sense.

So kind of stepping back & retiring but just renewed my life licenses so I can continue to help people w out needing to. Also have a couple of Roth's.
We can also do 401k plans & help those people w other needs. So our potential income is unlimited. & we can work as much or as little time as we want.

 

[Cornelius]

Gonna be a real eye opener speaking to seniors.

 

[KathiMR]

hi Kathi, how long have been with PFS?

About 23 years! & more proud of Primerica & how we always do what is right for people rather than what pays us the most. Though we can get well paid as well.