Primerica reports 13% growth in term life net premiums in 3Q, 5% increase in agents

Nov 7, 2018

  1. Insurance Forums Staff
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  2. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    Yes! More inventory to convert!
     
    DHK, Nov 7, 2018
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  3. toolbelt
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    toolbelt Super Genius

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    Seems most of the growth is attributed to increasing benefit/premium riders and not actual policy sales.
     
  4. Allen Trent
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    probably raised their inforce premiums on existing clients or something.

    average contracted agent writes 1 life app every 5-6 months---how in the world do they even cover the costs of annual fees in states to keep someone appointed with record setting sales of 1 new life app every 5-6 months.
     
  5. jcorr
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    jcorr Expert

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    That was my first thought too!!
     
    jcorr, Nov 8, 2018
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  6. WinoBlues
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    That seems like a smart rider for the company. Not sure that the agent gets his whooping 25% comp on the increases every year.

    The Increasing Rider actually makes it easier to defeat the product and their stance that you won't need insurance after XX years.
     
  7. toolbelt
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    toolbelt Super Genius

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    Actually that average may include a policy they bought themselves, and doesnt include policies cancelled later in the same year.
     
  8. Allen Trent
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    true

    that makes it even worse & would kill profitability with all the upfront UW, issuance & compensation costs
     
  9. toolbelt
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    toolbelt Super Genius

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    Profitability for whom?
     
  10. Allen Trent
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