DOES Anyone Know how Primerica Insurance Works??

Sep 21, 2013

  1. toolbelt
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    some being about 1/10th of 1%, but aren't you overlooking the other 99.9%?
     
  2. Cornelius
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    FE and GUL are not their market. In the sales world they sell what they have to offer. From what I understand their policies are issued from Primerics Life not a MLM BS..Not defending them of course.
     
  3. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    DHK, Apr 8, 2019
  4. Cornelius
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    I agree with many comments but it is what it is..
     
  5. toolbelt
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    Actually most is reinsured thru Swiss Re so in reality they're selling Swiss Re insurance.
     
  6. toolbelt
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    According to A.M. Best's ratings;
    "NOTE:Ratings opinions address the relative ability of an insurer to meet its ongoing insurance obligations. The ratings are not assigned to specific insurance policies or contracts and do not address any other risk, including, but not limited to, an insurer's claims-payment policies or procedures; the ability of the insurer to dispute or deny claims payment on grounds of misrepresentation or fraud; or any specific liability contractually borne by the policy or contract holder. A Strength Rating does not address the suitability of any particular policy or contract for a specific purpose or purchaser."

    Its basically stating that MLMs are quite profitable. Hardly newsworthy!
     
  7. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    You mean INSURANCE is quite profitable. You DO know that A.M. Best rates INSURANCE companies, right?

    AM Best - The Insurance Information Source

     
    DHK, Apr 8, 2019
  8. toolbelt
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    I was speaking in context to Primericas rating as per AM Best. And in that respect, the rating is more about corporate profitability than insurance.
     
  9. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    Ratings are about financial health, acceptable underwriting risks, and their ability to pay claims, not necessarily the size of the company.

    They're not that big. Only $500m - $750m. Many companies are far larger... probably because they sell cash value policies and annuities.
     
    DHK, Apr 8, 2019
  10. toolbelt
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    And in this case, "A Strength Rating does not address the suitability of any particular policy or contract for a specific purpose or purchaser." In other words, the award says little about the benefits of the products sold to the consumer.
     
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