Primerica Rates On Term Policy

[pcbinsurance]

I love it when people tell me they have a policy with "PRIME AMERICA".......it's like they have no idea what the name of their insurance company is......plus it's easily replaceable.

 

[0b1kanobee]

Primerica writes through their own company. Last time I heard, it was term and term only. After all, you are supposed to be busy investing the rest. Everyone does that, right?

Find out who the exam company is, there are a lot that will give you the exam results. After all, they can just bill the new company for it again. Also, I believe they have to supply a copy to the applicant on request, so you can go that route as well.

Here is a question for the couple when the agent suggests just term. "Mr. Prospect, the insurance policy you currently have, is it term? So how much have those savings grown to now?"

Good to know. As much as I hate bashing another company, what's the downside of their term? From what I have read before it has something to do with conversion options or is that not the case anymore.

When I told this lady that I hadn't heard great things about Primerica she went on to tell me she knows about the company (product knowledge not so much) and said she tried Primerica once herself (selling). This agent is a friend of theirs but she insisted that wouldn't be a problem. If my proposal sounds better I can be her agent she said. I was referred so she sorta thinks it was divine intervention. Ya got to love people sometimes. LOL

Looking at a few hundred a month in premiums here. So it should be a good case and they get better coverage so it seems.

Does Compulife show Primerica pricing?

 

[LGilmore]

Prime is middle of the road pricey. There's quite a few companies that can beat them on price with as good or better ratings.

 

[Cornelius]

Sometimes their rates will show up on the Term4Sale.com Menu site.

 

[Norwayguy]

Sometimes their rates will show up on the Term4Sale.com Menu site.

Big thing is the 30 year term is guaranteed level for 20 years.

 

[Mattschmidt]

Big thing is the 30 year term is guaranteed level for 20 years.

So true! People that buy from PriMerica agents have no idea the crap they are purchasing...But then again, after they buy the insurance, they get recruited to become agents themselves...

 

[STIBROKER]

So true! People that buy from PriMerica agents have no idea the crap they are purchasing....

and vice versa.........

 

[VolAgent]

Good to know. As much as I hate bashing another company, what's the downside of their term? From what I have read before it has something to do with conversion options or is that not the case anymore.

When I told this lady that I hadn't heard great things about Primerica she went on to tell me she knows about the company (product knowledge not so much) and said she tried Primerica once herself (selling). This agent is a friend of theirs but she insisted that wouldn't be a problem. If my proposal sounds better I can be her agent she said. I was referred so she sorta thinks it was divine intervention. Ya got to love people sometimes. LOL

Looking at a few hundred a month in premiums here. So it should be a good case and they get better coverage so it seems.

Does Compulife show Primerica pricing?

The biggest single thing is that it isn't convertible. After the level period, it is ever increasing premiums until age 90 at which point it expires. There is no way around this with them.

If you can't find a carrier that has lower rates, better convertibility, and same or higher ratings, you aren't trying.

 

[Kenno]

Never met a Primerica client that I didn't make a client of mine.

 

[sman]

Never met a Primerica client that I didn't make a client of mine.

I have....but only because they were uninsurable.