Primerica Q2 earnings surpass estimates on 11% term life growth

[toolbelt]

You are forgetting about their daytime job. And of course their working spouse. Until the divorce anyway.

Im pretty sure the policy is that RVPs must be fulltime.

 

[toolbelt]

So I looked for the closest Primerica office to me:

Google Maps

Sorry, but that's not much of an office.

The average office has 2 RVPs, so therefore the rent, utilities, maintenance, liability insurance, office supplies, etc and any staff positions can be split.

 

[WinoBlues]

Im pretty sure the policy is that RVPs must be fulltime.

 

[toolbelt]

No worries, I wasn't critiquing you but simply adding color!

 

[GrassisGreener8]

Wow only 2.4 policy per year per associate? That's why most will never create a living off the MLM model.

 

[DAK Financial]

I agree with Bob B...80% of the business is done by 20% of the licensed agents. Some things will never change!

 

[toolbelt]

I agree with Bob B...80% of the business is done by 20% of the licensed agents. Some things will never change!

Not quite 20% because the 5200 RVPs who represent the top 4% only averaged 58 policies issued for the year, and a net gain of only 9 policies in force

 

[toolbelt]

I agree with Bob B...80% of the business is done by 20% of the licensed agents. Some things will never change!

And if the top 20%, or in this case, 26,000 reps of 130,000 accounted for all policies sold, it would amount to about 11 1/2 policies each, or less than 1 per month......before any cancellations/terminations.

 

[DHK]

And not every recruit will recruit.

 

[toolbelt]

And not every recruit will recruit.

No but they will pay a sign-up fee, and probably sign up for a monthly online access subscription, or pay to attend seminars, fast start schools, conferences, conventions and possibly a Landmark Forum weekend event, as well as maybe buying a policy or investment.