Primerica Life Insurance has been around since the 1960s, so they’ve had plenty of time to build up a solid reputation. Primerica Life Insurance has a focus on protecting your family’s financial future and offers a variety of life insurance options to meet your needs. I’ll go over the basics of Primerica Life Insurance and then dive into the pros and cons. By the end, you’ll be able to decide if Primerica is the right company for you.
- Primerica Life Insurance Company Profile
- What is Life Insurance ?
- What Are The Advantages of Primerica Life Insurance ?
- What Are The Disadvantages of Primerica Life Insurance ?
- How To Contact Primerica Life Insurance Company ?
Primerica Life Insurance Company Profile
A great first step when thinking about investing in a life insurance policy is to check the credit score of the company you’re looking at. Primerica has an A+ rating with the Better Business Bureau and an A+ rating with the National Association of Insurance Commissioners (NAIC).
The company’s parent company also has a good rating with Standard & Poor’s (S&P) and A.M. Best. This shows that they have strong financial standing. Primerica has an A rating with CMS Financial Services and an A- rating with Canada’s Office of the Superintendent of Financial Institutions. This indicates that Primerica has “excellent” financial management. Primerica Life Insurance Company has an office in Tampa, Florida. In summary, the company offers a variety of life insurance options.
What is Life Insurance ?
Let’s start with what life insurance is. Life insurance is basically insurance that protects your family from financial ruin if you die.
The basic policy that I’m referring to here is Term Life Insurance, but there are several others available for consumers. Term life insurance is much like health insurance for your body, except it is designed to cover you for a period of time. The length of time you choose to purchase the insurance term can be different, as can the amount of coverage you select. Term Life Insurance Term Life Insurance is an insurance policy that has a fixed price, and the amount of coverage you buy is determined by the amount you pay. You can pay a lump sum, a percentage, or any amount up to the full amount.
What Are The Advantages of Primerica Life Insurance ?
Primerica Life Insurance is a life insurance company that provides a variety of insurance policies to help protect your family’s financial future. The insurance company has a unique business model, with the majority of their revenue coming from taking a commission on their sales. This is obviously a big benefit because they’re getting a huge commission for selling you their products, but it also means that a lot of people don’t take the time to fully understand the policies they are buying.
For example, they will usually give you a non-disclosure agreement (NDA), which is designed to keep people from reading through all of the fine print on your life insurance policies.
What Are The Disadvantages of Primerica Life Insurance ?
Primerica Life Insurance is not the most widely known insurance provider on the market, but don’t let that get you down. The company’s benefits are second to none. First off, you’ll always receive 100% of the value of the insurance coverage in the form of a certificate of deposit. So, if a catastrophic event would cost you $100,000, you’re covered to get that cash for as long as you want. Source: Primerica.com How much would you pay to get that kind of money for 20 years? The money will be available when you need it and will be there when the bank re-finances you for a higher interest rate. How does Primerica Life Insurance Compare To Other Insurers?
How To Contact Primerica Life Insurance Company ?
If you’re in the market for a life insurance policy, Primerica Life Insurance is your best bet. They can be reached by phone, online or by in person visits to a licensed office. But, when you call, make sure to be courteous. Primerica is the #1 in its industry, so it’s not surprising that their agents receive a lot of calls. Learn More About Primerica Here are some key facts about Primerica Life Insurance: Most Popular Life Insurance Coverage : Primerica sells traditional life insurance and annuities, as well as long-term care, dependent care and disability products. : Primerica sells traditional life insurance and annuities, as well as long-term care, dependent care and disability products.
For more life insurance reviews, check out Northwestern Life Insurance Review.