The policies you sell will also have an expiration date. Can You Make Money With Primerica?Įach of the products you sell with Primerica has it’s own commission point. In addition to that, representatives also have to pay $25 per month for access to Primerica Online (POL) which is their intranet website. Keep in mind that any licensing exams you take will have associated fees as well which you will have to pay for out of your own pocket. To get started with Primerica you’ll have to pay a one-time fee of $99 in the U.S. Here’s a video on the Primerica MLM Opportunity called ‘A Simple Philosophy’. You may also be required to take other exams depending on what products you intend to sell. This may mean that you’ll need to take the Series 6 and 63 License exams which permits you to sell securities like mutual funds and variable annuities. You can also make money selling other products.īefore you can even begin to sell any type of insurance you must be a licensed insurance broker. So the opportunity is not to just sell term life insurance. Primerica also provides other products such as mutual funds, annuities, long-term care insurance, auto insurance, home insurance and more. No money is paid out if the insured dies after the policy expires. The policy only pays if the insured dies during the life of the policy. ![]() The money from the policy goes to the beneficiaries. Term life insurance is basically a death benefit used to cover funeral costs and financial obligations upon the insured person’s death. So Primerica products could be a hard sell. But if their term life insurance is 11% higher than their competitors, this means that customers can find equal or better products elsewhere. In order to get any pricing, you need to contact a representative. Unfortunately, you can’t find prices for any of the products on the website. In this case, the quote was for a 35-year old non-smoking male in good health and the policy was for $500,000 in coverage. These policies are, on average, 11% higher than other similar policies. Take their Term Life Insurance, for example. Primerica products seem to be higher priced in comparison to other similar products. Are Primerica Products Worth Their Price? Their target market now is middle-income consumers with incomes between $30,000-$100,000. The company started out selling term life insurance. ![]() They are SEC registered as a broker-dealer and their shares are traded on the New York Stock Exchange. They have over 130,000 life insurance licensed independent representatives as of 2018. The company services households in the U.S., Canada and the territories of Guam and Puerto Rico. Primerica is a multi-level marketing (MLM) company that provides financial services and is headquartered in Duluth, Georgia. Williams was the founder of the company back in 1977 along with his wife and 85 other colleagues.
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