Friday, January 14, 2011

Is Primerica life insurance really more expensive?

Some people say Primerica's term policies are expensive. While I do agree, they forget to mention that Primerica adds value to their clients and how much money clients are saving overall. People who say Primerica's term life insurance are expensive are only focusing on the life insurance aspect. It is also probable that some of these people sell whole life or universal life insurance and trying to bash Primerica and confuse the public. Whatever the case is, Primerica does the right thing for their clients. They help families get out of debt, get the right amount of life insurance coverage, and become financially independent. By showing clients how to get out of debt faster, the client would be savings thousands or tens of thousands of dollars from the total interest payment. Every Primerica's client gets a free, customized, and confidential financial needs analysis. Do other companies do this? I don't know any companies that does.

Primerica sells term insurance 100% of the time. When the term expires, the client can renew the policy every 5 years until age 75. After 75, it renews every year until age 95, which is when the policy expires. At age 75, who really needs life insurance? If your youngest child is 40, you have no debts to pay, and you are retired, making your savings last for the rest of your life is more of a concern than having life insurance. Primerica clients can also convert or exchange their term policies into another term policy. Primerica teaches their clients to also save or invest their money for the future.

With other companies, when the term expires, the client can renew every year or convert to whole life or universal life. If you don't know by now, whole life and universal life are more expensive than term insurance and if you study how they works (or if you have one, just read your own policy), you will see it is a total ripoff. Most companies don't teach their clients anything. They just sell products and its their clients that is getting screwed.

So who is really paying more? Primerica clients or the competitor's clients?

8 comments:

life insurance said...

I am getting closer and closer to retire age. I am alone and I have no enough money to retire comfortably. I want to know Over 50s Life Insurance and Health Insurance Coverage.

johnseomaven said...

Insurance is really important when different catastrophes come in our way. This is why there is an increasing demand for insurance agents and adjusters. They are the ones who sell insurance policies and settling claims. So I suggest to those aspiring insurance professionals that they must take a licensing exam. For example in Georgia, they must a Georgia insurance pre-licensing exam in an accredited online provider for them to broaden their knowledge and skills in different aspects of selling insurance.

andrew said...

The most expensive in the market ask me who I found for my family and friends

Blue b said...

The Primerica life insurance has some good policies but overall they are fair in their premiums, so I feel 20 year term life insurance that is better among them.

JustinBieber said...

Cost of Life Insurance
http://costoflifeinsurance.info
Cost of life insurance ultimately depends on many factors including your age, gender, weight, if you’re a smoker,
the amount you wish to take out, the period you plan on taking it out for, whether you’re a healthy weight, have
an illness (terminal or not) and whether or not you work in a hazardous environment.

Anonymous said...

If I take a Primerica Term Insurance at age 30 and if I survive the latest coverage age of 95, what benefit I get for all the premium I have been paying for all the 65 years? Also how do I manage the tax liability of my Estate and my final expenses? Am I losing lot of money or is Primerica is making a lot of undue profit from the ignorance of many?

JeorgeSmith said...

This written piece gives fastidious understanding yet.compare life insurance rates

Eugene Tereshkov said...

I think it much better to buy a whole life insurance, because in the end it's much cheaped than the term life insurance. You can visit here https://nomedicallifeinsurance.ca/quotes/ to compare