So why not get back to true reason why it was created. Term is not the same just like Full Coverage is not the same. dont get emotional about any company, because at the end of the day its business and thets the way they look at it. I can only hope most people reading this can see that is what you are. Wanna know why some people dont make it? IT is the lowest form of attack, it means you have reach desperation.!. Since it cost so much more no one hardly evers buys a b or c policy, since the agent is selling price. You compare an ARM with a fixed mortgage. Mr. Jones, sure your 30 year policy premium is only guaranteed for 20 years but hey they may not raise the rates. Remember this if the client is always looking at the cheaper price, the next guy will be able to take them from you. This is a little computer problem, not the money I plan to to replace my income, if I die early. Tom give it up. Third, you need support. As they are now ready to be sold (reported by both the Wall Street Journal and Bloomber News 5/6/08) you have to wonder what will happen to their agencies. North American Company for Life and Health Insurance James, I agree to receive the Forbes Advisor newsletter via e-mail. because I already explained to you YOU DONT OWN IT, 15. MILCO was a subsidiary of PennCorp Financial, and Penncorp in turn became a subsidiary of the American Can Company in 1983. most are owned by cash value companies.If you want to know these companies do your own research. You said you will quit if you ever find out that you are not doing the best for the client. ANd those that bought made lots of money. (you Dave Ramsey nuts out thereguess what. This blog makes me want to cringe and is borderline click-bait. But then again you might not have done this, but the insurance companies that you represent have done it. This means that you do not have to prove you can get the insurance, you automatically get it. When Dell laid off that first crop of folks.they only did it b/c its what was happening to alot of other companies. You are correct, but let me ask you this question. . To me theres more to the industry than just passing a test. And You are not? 40% is more like 240,000 of 600,000. The inability to read and understand. I guess you must have confused them with some otehr company. Saying I was not told this, or that. *that was supposed to say from under 1 mill a year to over 1 mill a year. It sounds like you just hate them since they are taking your clients away. I know you tell them to overpay their insurance and it will come back to them. But when my friend had them analyzed by my Primerican Agent. Matter of fact many of the major carriers were begging to get into this. They are known for taking people on with felonies, as long as they do not have to do with money. Second if you were doing the business the right way then you never run out of leads. If you say he does, then either you are naive, or think that everyone here is. Why would anyone believe that you look at ther fiduciary duty to the client? But then again Micheal, or is it Thomas, will say something like our ROP term is lower than Primerica. From my past understanding the reps dont get renewals from that business. Please do not get me wrong, personally I do not like Amway, Quixtar however I like Mary Kay. But let us go back to the original point that Tom made and you have chose to ignore. You are not comparing apples to apples. Example, this month, Novmenber one of the least productive months in this industry, we broke a $100k Base Shop. I mean My 2 year old nephew does that. In order to sell Primerica's main products, you'll need to study for and pass an actual licensing exam. But this is typical of someone losing the battle. Thanks & Welcome to the Forbes Advisor Community! This is similar to getting calls or letters about you cable. Instead of asking the people who didnt make it big why they didnt, ask the people who ARE successful how they did it? AIG American General Life If you really want to deal with financial stress, you can do it for yourself with nothing but discipline, sacrifice and a plan. But as for the post here, They are here to drive a wedge between the company and agents. A Magazine on Money is. But then again you were wrong again about the process and who can sign up. I think his true colors are obvious! The only people who thinks that permanenet life insurance is a good investment, are those who sell it. Is it the Gyms fault? Why woudl you want to work for a company that plays favorites. How is this any different from the W2 world? By the way did not Jesus say not to judge people? It is funny that You blame Primerica. , You are forgetting that the same tax considerations is on both policies. DO you knwo what the Competent advisers say to do? They could ahve picked your business card. They have no way of making you accountable for your words. Like I tell all the people who contact me, dont take my word for anything. ahve -. Well the opportunity is a way to get out of debt faster. Is this how you treat your clients? the only people who benefit are the agents that sell it and the companies they market. So even at starting position this is good paying opportunity from my point of view. Some people pay for service. Opinions have gotten us this far in a ditch. Since most of the people that post here are their competition, and say being independent is so great, they say it because they do not want the competition. I know most people do not care if they throw money away, but at least if they go to an amusement park they get to have fun. Ranked #6 Banner Life Insurance Company 73.94 a month, Sells Cash value. ), What does the other insurance companies sell. ), Second, This model allows the trainer to teach the junior, everything, holding nothing back. I know this is just some blog on the internet, but on the other side there are people, honest and not so honest, that posted. They sell Cash value, and they have a history or contacting clients and trying to convert them to cash value. The client can combine the terms. . If you get to then end of your Car insurance do you expect a refund? For example, he clouds the issue with statements like this, Well I am curious, This Blog is about Opportunity, not product. But let us see. Then she found out she had cancer. Is it that they are eating your lunch? Does the agent wish to offer health insurance? I do the insurance part-time and it woks great for me. AaronI highly recommend going to http://www.daveramsey.com and utilizing his ENDORSED LOCAL PROVIDERS search. It was not the bank, they put you in the passbook saving accounts, getting 1 percent rate of return. I mean fixed annuities are not true investing, it is saving. The only good thing about the one you buy outside is that you take it with you. When it comes to financial issues, it is personal. Now let me clarify something for you and the other stiffneck people. And, oh. One size does not fit all. The matrix also includes Level 0 which, in our opinion, equals a Trainee-level Software Engineer. Well, by your example, Health Insurance as a benefit is bad. No one does anything for free. I have seen the class that you need to take for insurance. They do offer to help you to get your Life license for free, but taking into consideration the low commissions, captive products, and recruiting pressure, isnt it better to get your own license, E & O insurance, and be responsible for yourself. Again XRL, I do hope you pay more attention to what your clients say, and send you. But since I am a CLIENT, I can. But your policies lack value. Collaborators. You will start thinking of what you sold your family and friends. Some think there is a good reason to get max amounts of term.. Now I didnt say everyone, I said some people. when will you realize that men and women lie and numbers dont. Mr. Well informed client, It is a pleasure not continuing you little game. . Since it has been on the market, most competent advisers have said stick with straight term. For example, they seem to excel at helping families get rid of their debt faster and cheaper. And usually those are taken care of by trusts and such, not an insurance agent trying to play financial adviser. ROP is an option. They also must pay for their brochures and FNA subscription when most other companies do free needs analysis without monthly subscription fees. How Much Does A $1m Life Insurance Policy? Something you keep forgetting is you give up one leg. They hire, train and recruit. What do you offer your people, pay all your licensing fees for all the licenses, and then you can make money. Residential Mortgage Remind me of a saying You know how you know when a salesperson, or Michael is lying? You cant consider a Life Settlement option. Everyone has a right to declare their freedom from captitivity (especially if they are part-time) So PFS agents heres a homework assignment. )They sell Cash value, and they have a history or contacting clients and trying to convert them to cash value. I can be there form my parents and family when things come up. And so would the client. Lastly, since you need to have a policy or the contract, and not some salesperson saying things about to compare it to. Frustration with people like yourself who gives half truths and mis-leading statements. you decide. West Coast Life Ive tried lots of stuff like filling up surveys for hours at a time to only get paid a couple of bucks for the effort. Many of the PFS agents dont know the industry outside of PFS. You ought to take a trip down to Borders and take a look at the self-help section. That is a fact.. Nothing wrong with that, BTW. I take the guy who is not making his families lifelyhood ideas, over the one who has to feed his family and take care of them 100% on what he sells to me his clients. The mutual funds are NOT owned by Citi or Primerica; they just use other companies that have good ratings. It shows how desperate you are to defame a companys name. But then again I keep bringing up a Yugo and a BMW. I know up front what percent I am to receive as a Rep, and Im okay with it. Other bloggers in this thread, I apologize for me not being able to carry one this long and drawn out expression of opinions. You are not just a sales person you helping them make wise decisions with there future. Ill await your answer. (Car wrecks, Pensions, E and O.) But most people are not here to make lots of money, but somethign to help them along the way. That can be a small term policy. Ask a fat person why theyre still fat and then come talk to me. Which is what Christians continue doing, the Founders of this Great Country called America, and the Founders and the Leaders of this Great Company called Primerica. Just the facts, please. But then you miss something since you have never worked with them. Primerica business overview seminar is FREE. People can do their homework. I doubt it. I find it interesting that I used facts and you attacked me with heresay and oppinion. As for your post about guaranteed premiums: Did you read the fine print. So regarding the comments I made about most money being made from recruiting people I was told by other reps that I wouldnt make any decent money if I didnt recruit people. Then theres compensation and then theres marketing. This gets around the Do NOT Call list, and the fact that you will be bugged until you leave them or cave. With the conversion they can lock in a rate and face amount for life. If someone can justify the 40% limit because the company is looking out for the client, thats the case some make for Whole life. I did not have anyone show me and remember I am an a/c repairman. ANd if you say universal life, or variable universal life are cheaper, they implode so fast it is not even funny. Primerica, its representatives and the Secure Program do not represent any of the insurers in the program. Many of us went in dumb and blind. If have an particular experience and opinion about PFS I will share it. Sure theres other cheaper term out thereTHIS SO CALLED BROTHER COULD HAVE OFFERED HIS OWN FAMILY MEMBERS THAT.but guess what? All Rights Reserved. Every competent adviser tells people to stay away from Cash Value, or Trash Value Life Insurance. The only difference between Primerica and you is the fact that Primerica is not going after your agents, but you are going after the trained ones in Primerica. This gets around the Do NOT Call list, and the fact that you will be bugged until you leave them or cave. This investment includes commissions you may receive. If your an employee, how about when you ask your boss to take a break to use the potty. Well If bill is your name, Hello, but since I am not Tom I am not sure if you are talking to the person posting here or some other imaginary friend you might have. Primerica paid you $86K in your best year because you put forth $86K worth of effort in the years preceding that. You cant sell disability insurance or you will be fired hurting your clients again, 18. Creative Marketing International Corporation Is the concept for everyone, no of course not, but it is an alternative. It would lead to calls from idiots like you trying to get me to change my plan. . I can pass on millions to my kids and grandkids and have it pass on and on throughthe generations simply be teaching them what to do with their money. I never worked for them however I did talk to them about being employed there. At this level of SAFe, the goals and objectives for the whole enterprise are provided. Yes I said team. He is worth Billions too. Art himself says he wish he never sold A.L. And that would mean your clients in those ROP, will never see their money. Primerica is still a network marketing company which means you'll need to recruit in order to make any real money. If you do not have money to invest, you can use ROP policy. This risk could become quite significant if similar settlements are reached with other firms there are serious doubts that the market could absorb a flood of auction-rate securities. NOw you know they cant, but that is the road you are going down. I tell my reps all the time that $100K is minimum wage in Primerica. No one will know, but anyone going to a Primerica meeting will see what is the truth. In the past, it has been close to equal, but sometimes it is not. If I have a question about any of my products, who do I call, My agent. It is so nice you are concerned about being sold. They are few and far between. He called me. You are placing a deposit down to start your business. I am curious, did you know Wall Street Journal once said this Why are the only people who think cash value is good are those that sell it? Since you suggest that cash value is good, I am wondering if you have either brain damage, or are a lying sales person. It gives you backing that most companies do not give you. Ranked #10 Aviva Life and Annuity Company 76.10 a month, Sells Cash value. And they are definitely not the ones that James sees. , Depends. Male: Why would you pay for insurance you do not need. As for senior/life settlements. Or do not beleive that Life Insurance is for Income replacement, and not using to go to Disneyland? ( These are the ones that caused the financial melt down and for everyone to lose their retirement money. Plus, the Primerica counselors have only a few hours of training, and nearly all of that training is on how to do the free analysis, how to get people to sign up, and how to sell the loans and other financial products. . ANd it only allows you to be called an adviser. Next time please use the spell check or a dictionary. Again, I am not here to bash anyone. That saidtheres no company in the regulated USA who would last 31 years in business if they had bad/illegal/take advantage of consumers type business practices. The subject of Primerica may be a contentious one, but certainly no one who looks at it with a degree of objectivity and intelligence would admit when all is said and done that Primerica is a scam. If you want to follow Michaels lead, go with the easy sleazy money. They are looking for a get rich quick scheme promised to them by our so-called competitors that are mad because they got some of their clients taken away by us. Since I have had friends that have been taken by the Crooks like you, sold false promises and had nothing at the end, yes I get confrontational. In fact when we talk about the the other side, the dark side, we say they Sell to Sell which its even worse. Would you rather make an educated decision or an emotional decision? That comes from my former PFS training.. Oh one more thing. However, what I DID say, was that there are ROP policies that are LESS EXPENSIVE than PFS, AND have LONGER GUARANTEES and the client gets their money back. I checked out other companies and made a business decision. Guess how much pfs pays to use the citi name how bad does pfs have to milk that too its so funny well whatever helps your denial keep feeding to each other. A.L. So i get a stupid 18yr old and sell him/her the world. I had the feeling I was letting down all the people who helped me through my time there. But then they would not have the stories about how they were only a housekeeper, and now they own their own business. . It keeps the lies and the slander down. Now whole life is like that but that is the most expensive policy, the ones I was talkign about above are variable universal, universal , you bet your life, etc. available via brokerage now? I guess you have no tax considerations? Tom says: Again you are assuming that the client pays til the end. )they are just not even close to people I listen to. These policies provide a level premium for a specified period. Now I know you think that training is not needed but if you are going to know how to counter someone statement on price, You need training. Since Mine is coming from a freind and not someone that has a history of not keeping his word this is suspect. Insurance have specific purposes. I am sorry did you think I am part of Primerica. You can even have your Rep. coach you.. You are right that there is many costs in a policy. And in closing. First, I mention that I am a college student because I hear so many people repeating the same thing about Primerica reps not having knowledge and education to work in this industry. What conflict is it if a agent who is also health licensed who wants to sell health insurance with another company? That is why you constantly ahve to look for new clients. How many middle American families are going to have to worry about estate preservation? I also feel that the company itself is set up on good standards. If you argue with fools then why do I want to be taken down to their level? These are the questions your customers should be asking. Tom please give me a history lesson on life insurance. I thought owners cant get fired.). The upfront fee is $99 and $25 a month online access fees. The Primerica policy is 88.33 for the male and since it is a unisex policy it is 88.33 for the female. (Disability Insurance), Tom says: But as for the post here, They are here to drive a wedge between the company and agents. I am sorry if I pay for something, I should be able to use it. But isnt the main point of owning a business is to have a key. 2.) Your upline may not have any problems with ethical violations, but Primerica wants to keep everything above board. What conflict is it if a agent who is also health licensed who wants to sell health insurance with another company? Im learning some things from you. It reminds me of something I read before. How many of you fellow mortgage brokers would not have done it. Did you know that even the commissionaires of the state insurance departments, have said that Cash value is a waste? Remember you can not polish a turd. Id prefer my finances to be handled by someone who does it full time and with a company that financially outperforms its benchmarks, but thats just me. I am sure they told you about that right? You are proving the statement: 4. With my investments I am worth a lot. I mean is this what you do to clients, and here? If you know of a sneaky agent that lies, cheats, and steals from their clients if you give the state that you live in I will give you the phone number to the DOI and you can do the honorable thing and turn them in. How can that be if they only offfer what they have to offer? You know what concerns me more than the value you bring to your clients is the fact you do not spend any time proof-reading your posts. And then you find out it is only a sales pitch. To use someones example of me, The German people during WWII thought they were doign what is right, with the Gypsys, the Infirmed and the Mentally challenged. Yes it cost the person money but since you are under group discounts, you save money. no war exclusion Basically, they offer to do a free analysis of your finances and come up with a plan to help you with your debt problem. 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