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

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Primerica reports 13% growth in term life net premiums in 3Q, 5% increase in agents
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Term life carrier’s latest earnings report shows “top-line growth” in each of its businesses, highlighted by “tremendous sales growth achieved” in its Investment and Savings Products segment.
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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.
 
Seems most of the growth is attributed to increasing benefit/premium riders and not actual policy sales.

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.
 
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.

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