Comment on “Condition 1″: Most clients are served by experience licensed representatives who bring new representatives with them so that new representatives can learn and gain experience.

Comment on “condition 2″: While other companies may sell cheaper term life insurance, do they have the same quality as Primerica Life Insurance? What’s their ratings? What does their policy contain? Does it provide a full financial service, or just a partial service?

Comment on “Condition 3″: The seller of the life insurance receives full commissions base on his or her level. That commission is not split among everyone that is above that person. Instead, the company pays out overrides to everyone who is above that person. An override is the difference between the representative’s level and the upline’s level. So total payout from one sale can total 2-4 times more than what the client pays annually on the life insurance.

Here are some things that makes Primerica’s Life policies different from the rest:
1) They sell one policy per family, not per person. I haven’t seen a single policy where both husband and wife are covered by one policy. So when you are comparing rates with Primerica, does that include husband and wife and kids or just for one individual? Other companies may be less expensive when selling to one individual, but the problem is that they don’t cover the spouse. A separate policy has to be sold to cover each member in the household. The more policies there are, the more expensive it becomes to own life insurance.
2) Rates are determined by total coverage in the policy (among other factors). So the bigger the coverage, the less it cost per unit. If other companies are selling one policy per person, how would that person be able to get discounted rates per thousand coverage? I can sell $250k coverage on both husband and wife for a total of $500k coverage and rate will be base on the $500k coverage, not $250k. The less coverage you buy, the higher the rate it is.
3) Guaranteed insurability to age 95. Probably not unique, but how many companies out there that sells term insurance guarantees insurability to age 95?
4) No war exclusion or clause. After Sept 11, 2001, Primerica paid all death claims. There were many companies that has and continue to deny to pay the death claim to victims who died from war or by terrorist act.
5) Terminal illness benefit is included in the policy, not as an option or as a rider.
6) Customized term policy. Primerica’s term policies can have multi-layer term insurance in it to fulfill each goal in case you die. You can have a 30 year term insurance to pay off mortgage, 10 or 20 year term insurance to make sure there’s enough money for your kid’s education in case you die, and so on. As time goes on, the need for life insurance declines as your savings boes up. Primerica teach clients to keep savings and insurance completely separate. Eventually you don’t need as much coverage. Therefore, you pay only what you need.
7) I think all companies offer child riders in their life policies, but many don’t give children the ability to buy their own life insurance when they reach age 25 without having to provide proof of insurability. Primerica does. When a child reaches age 25, he or she can buy their own life insurance policy regardless of current health conditions.
Waiver of premium rider is the same as with all other companies. They all expire at the around the age of 60. Every life policy that I replaced that has Waiver of Premium in it says the rider will no longer be in effect after age 60. Unless client is currently on waiver, then the waiver of premium will remain in effect until the policy expiry date.