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All of this copy and paste quoting is confusing. I was asking the Primerica expert. However, In another post he was with them for something like two weeks.
No I had my license with them for two weeks. I was there for about 2-3 months.
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All of this copy and paste quoting is confusing. I was asking the Primerica expert. However, In another post he was with them for something like two weeks.
Well its true as far as their annual reports indicate. Also not sure if you've viewed their "Accumulated Earners" chart and applied the fine print below it, but it basically indicates that only 1% of all reps since 1977 ever broke the $50k level during any best 12 month rolling window, including advances. There have been 349,167 individual reps since 2009 alone. And 100's of thousands more since 1977. Interesting to note that between 2008 and 2014, only 804 reps were added to that list, while at the same time 208,240 new licensed reps were added at some point.
No I had my license with them for two weeks. I was there for about 2-3 months.
This is interesting. So what is a really good life insurance company for newly licensed independent agent to go with since his 3 are not? I knew Primerica was MLM for awhile. I wouldn't risk my license with a company like that. I'm looking to sell term, whole, and universal. Maybe fixed and indexed annuities. Don't want a series 6 as don't want to sell variable products even though have 215. If I wanted to be a financial advisor I would've gotten a series 7 and went with broker. I'm looking for something else when Medicare and health sales are slow. Pretty much ruled out Ohio National as they won't talk commission structure and have heard they're low on commission side. I'm not one to be pushed into signing a contract. Ethics is very important to me in picking a company. Looking for company using technology like tablets/laptops. How are Transamerica and Nationwide? Looks like Nationwide has variety of fixed products. Any other suggestions? I'm sure original poster wants suggestions too not fighting about Primerica and how bad they are or aren't.
Interesting. I never read their financial reports, I know the average agent makes like $6,950/year. The company tells you to disclose that whenever you mention earnings, but I never see people do it.
What's up with insurance agents referring to themselves as financial advisors or financial planners? I thought those were regulated titles?
Ohio National has a very decent structure if you're in a PPGA (independent) state. Otherwise, you're either a career agent, or contracted through a career agency as a broker.
So you were an agent with them for two weeks? How long have you been licensed?
I believe their latest average is in the $6300/yr range but its a highly misleading figure especially considering they had 106,000 reps last year and could certainly break it down over different levels. Based on their avg policies sold per rep was 2.44 for the year, the annual premiums would need to be in $12k range which is an impossibility, especially when their stated average face value was $241k. However, it looks better on paper for them. As true with most MLMs, I suspect the earnings of the top 5% highly skewers the average upwards.