- 11,475
I put you on 'ignore'. I'm done arguing with toddler financial IQ.
Go troll somewhere else.
Go troll somewhere else.
Primerica Guarantees
- Thread starter papa
- Start date
Building a team of agents? And you make money off the sales of each one in your downline? And, you say it is not a MLM organization?
- 10,724
That same coverage would be $90 a month with a competitive carrier. A+ rated carriers with same features... at least 10 of them in that price range.
And Premiums are guaranteed for all 30 years... unlike Primerica who only guarantees premiums for 20 years (last I checked).
And you would get paid 90% - 100% of first year premiums.
You are new to the industry, you should consider that you dont know what you dont know.
Primerica is most certainly a MLM setup. Normal agencies dont push new agents to recruit. In fact, they dont push experienced agents to recruit either. They push them to sell policies and learn the business.
Normal agencies dont give "automatic bonuses" because they are starting you at 100% comp on 30y term, not 25%. And if you produce serious biz, they will give you higher than that.
You are not selling a "bad product" with Primerica. But you certainly are not selling a competitive product. And you are getting paid a tiny fraction of what you should be.
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- 1,953
Denise your not a Primerica agent. You are an independent contractor who market products offered by Primerica per contract.
Once that sinks in you will see what others are saying. Your license(s) are yours.
Once that sinks in you will see what others are saying. Your license(s) are yours.
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I'll keep this short and sweet for you. You can't always pound that square peg into round holes. Utilizing ONLY term products limits you to many other scenarios that may be better for your client's ambitions.
I was once a TERMite just like you. Thought I knew everything. I actually loved confrontations in the house with their existing agents. Many tucked tail and ran when I got through with them. That's only because the agents that they had probably knew less than I did at the time. Either way, I was able to out-argue them many times. Just because I could didn't make it right though.
So, after a while I started to realize that I had helped quite a few people, but at the same time, I knew I might have screwed over some as well. The more I learned (outside of the Primerica cult), the more I knew I had to get away.
I just didn't know what I didn't know. The more I opened up my mind and learned though, the more I knew. The more I knew, the more I realized I was not doing right by all my clients. One size does not fit all!
There is no one company that is good for everyone. There never has been and there never will be! Being an independent agent is the best chance to help more people by doing right by them.
- 26,000
Denise, I truly am not trying to beat up on you, However, how do you justify that premium? What does that policy have that is worth 50% more?
If just Pre'd I can get them $750,000.00 each for 30 years at $152mo. So if I am competing against you, I win. If they tell me you sold them on the BTID Idea, I say great. I am sure she would advise you to pay the least for the insurance so you can invest more or have a few extra dollars to enjoy life today, Right?
Now, they are my client. They may have some investments with you. Honestly, most do not invest or continue with PFS for very long. But they are my clients.
I wish you well. Do not stop learning. Diversify your teachers or you are just regurgitating what they feed you. We have all been where you are to one degree or another.
- 1,953
Wino they don't or may not say they are the cheapest or most competitive but their goal is to leave a person in a better position than before they saw the client= Justification.
One would also think if BTID worked on a large scale the concept and company success would be blasted all over regular and social media because the boomers were the target market for BTID.
Yet now all of a sudden the company is rolling out a Medicare referral program= Company business decision.
One would also think if BTID worked on a large scale the concept and company success would be blasted all over regular and social media because the boomers were the target market for BTID.
Yet now all of a sudden the company is rolling out a Medicare referral program= Company business decision.
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but, but, but the low cost one you are selling them will go up in price annually after the 30 year period instead of just going up in price every 5 years like the PFS one---LOL. Why would they still need it after the level term period if they followed through on the BITID (Buy inferior term invest the difference)
Now, good term agents come in when they see PFS term (with no agent because the writing agent has long since returned to their full time job) & propose BDTID(buy decent term invest the difference)
if the PFS product was a quality product, the average PFS licensed rep would sell more than 1 new life policy every 5-6 months from their own quarterly & annual reports.
Primerica recruits 90,000, issues over 90,000 policies in Q2 | Insurance Forums (insurance-forums.com)
- 26,000
Me too.
With me they get a bonus, me.
I will see if I can find the old training cassette, yes I am that old, that instructs them how to sigh and slamb down the policy during review. Freaking hilarious.
Just to compare a Primerica product with other companies, you will find yours at the top of page 6.
Dropbox - FEXQuotes primerica.pdf - Simplify your life
Here is a comparison of term prices.. Your wonderful company is found at the top of page 6.
Dropbox - FEXQuotes primerica.pdf - Simplify your life
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