Is Prime America Insurance a good company?

Run Away in the other direction as fast as you can...

My mom had a 15,000 term life had no problems mailed in death certificate received check in a week

It's PRIMERICA - Duh. at least know who you are slamming. there is some Prudential site out there calling themselves 'Prime America' and they want to sell you cash value (trash value) life insurance, that is the rip off.
Primerica is today the most solvent insurance company in America. Pru got bail out money....

Beverly,
You need to get your facts straight. If they are so solvent, why are their ratings being down graded?

I'm glad Sharon that you got your $15k, I hope that covered burial costs. I cannot imagine selling someone a $15k policy...to me that is almost criminal.

Buy term and invest the difference...right? Deal with a real insurance company and you will clearly know and understand how that way of thinking does not do people justice. I ask you this...in estate planning why do they always use permanent insurance inside ILIT's?

Trying to get a "good" telephone number to contact Prime America I've had policy for 19 going on 20 years and need to get some questions answered. The few numbers I have are disconnected. Can you assist?

who is the main recruier in the baton rouge area

To whom it may concern,

My name is: Winfred Dennis Whalen
436 Bennett Street
Sedro-Woolley, WA 98284
360-708-0645
[email protected]

I am looking for information about my policy and any information
that you can tell about policy. I have a momthly automatic draft on my checking ($41.33) account to you all every month from Bank of America.

Thank you for your response.

Term life is Good for 20 years (just incase something have happen)

_Whole life is Good (pay more) but get them when you are young. The Rate very cheap +cash value + pay dividen.

_I think all Insurance is Good. It is designed for individual needed.

Peace To All!!!!!

I am trying to find information on Prime America. I am a District Leader with Primerica Financial Services and I am constantly getting questions and references to that other company. What are they, and where are they on the net? They are completely different from us and I want to understand them better so I can better address the concerns of my clients and prospects. Thanks y'all!

They are listed on NYSE under PRI...

I wonder...if they are trying so hard to get rich...why would they want to help u get rich...cause if it were that easy...everybody would be rich;)

The BBB gives Primerica an A+ rating, which is the highest possible rating. They base a lot of their formulas on how businesses resolve issues, and follow the business standards of practice as set out by the BBB themselves. However, Primerica reps are independent contractors, and may not have accrediation locally by the BBB. It is Primerica the head office that has been rated A+. Not all companies under Primerica have BBB accrediation.

I would suggest anyone who had doubts about PRIMERICA, just simply get a Financial Needs Analysis DONE BY A REPITABLE PRIMERICA AGENT, it's complimentry. And if you get a good Primerica Agent , he or she can explain the concepts of what Primerica teaches families about how money works. If the (FNA) is taken properly and completely the software will give the Financial Independent Number, the debt freedom date and the proper coverage for a family. Primerica has been checked out by the all federal government agencys and rechecked again. They can't be all wrong can they? But anyone that has ever had a beef with the company known only as PRIMERICA just simply was lied to in the beginning of contact or had other agendas going into the business. Primerica is a business that requires life licenses , Securities licenses, mortgage licenses etc. And Primerica is in an industry that is the second most highest regulated industry in the world, Nucular Energy being number one. The difference in success in Primerica is the nasty four letter word " WORK " that is required to be successful. Some people are not willing to work hard. There are no free lunches out there my friend.

I'm thinking about going to work for PRIMERICA I been in the industry for five years what would be the advantages to joining their work force instead of being a broker?

I PREFER COTTON STATES ALLDAY EVERYDAY AND WILL STAY WITH COTTON STATES INSURANCE GROUP. MY FRIEND IS A BIG MANAGER HERE AT COTTON STATES INSURANCE GROUP. ...KEEP YOUR POLICY PRIMEAMERICA DONT WANT ANY PARTS OF YOUR INSURANCE.... IM COVERED......

Hello all...This blog has me in stitches LOL. It's funny how we interact with one another. With that said I'd like to say that insurance is a serious business which make it a serious subject. Insurance investments can make you or the lack of will add uncertainty into ones financial stability.

I am blogging for reference. I am trying to mentor a 30 yr old blkmn who recently released from prison. He has a serious felony. While in prison both parents deceased and bequest under $100.00 to him. He is looking for a good and new start and a way not to "blow the money" like his siblings. I suggested we visit a Primerica advisor. ? Him having a felony will that affect his ability to persue professional ambitions with Primerica.

Pls respond via blog or more personally @ 917 854 5800 Rudy

TERM INSURANCE = Temporary insurance. It is paid out less than 2% of the time. Talk about throwing your money away. Why would you buy life insurance when it won't be paid out? A portfolio with only term is idiotic.
PERMANENT WHOLE LIFE is paid out 100% of the time and by the time you have paid in about 10 years your dividend-fed cash values (if it's a reputable company) can often exceed what you have paid in. It is a far better bargain. It is your widows retirement guaranteed to be paid out.

TERM Insurance is a bill, an expense, much like a utility bill.

WHOLE LIFE is an asset, much like a 401K.

why this prime america is not the 10 beter insurances ,is not very good when one insurence not in the 20 best insurance

I just started working for primerica and I love it yeah its WORK but what job do u know that helps u build your own business, teach you about financial assets, and pay majority of the money to put u thru school to get licensed to go full time I don't know anywhere plus I'm very satisfied with my life insurance with them also. they really try to help ppl out its just we are so use to the negative that we push a great opportunity away thinking its a scam yeah I had my doubts but in the end what do u have to loss working with them all they ask is to sit and talk explain just about how 95% ppl in the usa is broke lol and its unbelievable but at the sametime its so true I haven't met anyone that is just walking the street that got a million dollars saved up not even half all I'm saying is they are a wonderful company and if still feel differently about it go or come to one of their meetings it won't kill you and what do u have to lose
[email protected]

Hello everyone. I'm new to this site and happened to stumble across the Primerica thread. Please allow me to put my 2 cents worth in on this particular topic.

First of all, Google "Life Insurance Fraud Investigators / Investigations / law suits / bad faith cases / etc. and the majority of the time my webpage will be at, or very near the top of the page.

The following is strictly my personal opinion and should not be confused with anything I have testified to, written about or participated in.

I must applaud your desire to "help people, do something good and avoid rip-offs", that is quite noble and a direction in which few safely tread.

I have been investigating Life Insurance Fraud in the United States for nearly 18 years and according to some (not including my Mother) am one of the very best at determining which companies are good and which are - not the very best.

Like some of those "consumed" with the Amway theory, you may have fallen prey to one of the most well-known pyramid schemes in history. Don't feel bad; thousands of people have been convinced they can go to work for Primerica, help people, and that God himself will somehow look favorably on what they are doing to the American insurance marketplace.

Very much like the Amway of old, Primerica will hire someone to sell insurance in their spare time, convince them to sell something to everyone they know, then encourage them to hire all their friends and family to sell insurance part time. Weren't you somehow brought into the Primerica arena by a friend or family member who swears they are the very best thing since sliced bread? The problem is, if you remain in the business long enough to "figure things out," you'll wind up going to work for a real insurance company and Primerica would have made tons of money off of you. MCI's Friends and Family probably took lessons from these guys.

I quite frequently run across Primerica cases which have been referred to me by agents who are looking for some influence from a reputable "third party." Quite often I'll meet with a young family in my office who has been convinced they need $400,000 worth of term insurance coverage. These are usually young couples - in their 20s with a new baby, renting an apartment, driving a 74 Ford Pinto with not a hope of having any sort of estate problem in the next century or two. Because term commissions are not very high, some Primerica agent has brainwashed them into purchasing a huge policy, which by all industry standards, they haven't the need for.

And the "Theory of Decreasing Responsibility" in my opinion, is the biggest bunch of horse manure I've ever run across. As I get older, I'm going to get nicer toys and live a better life. Once my children are out of college and taken care of, my wife and I plan on buying a big house on 40 acres and I'm going to put in my very own airstrip so that I can fly my airplane to see my grandkids. We may have an RV, a larger boat and a "tricked-out" golf cart.
Live extremely well and die with just enough to bury you - that's my theory of decreasing responsibility. You may find it odd that most of the Forbes' CEOs agree with me.

The "buy term and invest the difference" theory was invented years ago by a man named A.L. Williams. Mr. Williams or "The coach” was consumed by the idea that all Americans should own life insurance policies - his life insurance policies, and that each and every one of the more than 400 insurance companies doing business in the U.S. did business the wrong way. His practices were to slander the "cash value" concept, defame the companies who'd been in business for hundreds of years and convince everyone that they should "wet on Met and/or screw Pru". In his mind, he was some sort of "savior" sent by the insurance gods on high to right that which was wrong, help people and make an incredible amount of money in doing so.

To make a very long story short, Mr. Williams got in a great deal of trouble and was - for all intents and purposes - "run outa town" by the Federal judicial system and those who saw through his smoke and mirrors scheme.

There are bus-loads of Primerica agents who will dispute my opinions and swear that I have been influenced by the corrupt cash value industry. ME!! – the guy who has blown the whistle on this very industry and whose work has led to well over $300 million in lawsuits against Met, Pru, NY Life, John Hancock and dozens of others.

I'm going to jump down off my soapbox and give you the opinion you asked for. If I were in your shoes, I WOULD STAY AS FAR AWAY FROM PRIMERICA AS WAS HUMANLY POSSIBLE. If you want to sell life insurance products, there is nothing wrong with the cash value concept (except that too many agents abuse it.) Primerica's term insurance is among the most expensive in the industry and their investment products often have huge internal costs or loads. Primerica is often referred to as the "Amway of the insurance industry" and its followers are most generally looked down upon.

If you are/were trained to believe in the A.L. Williams theory, my words will offend you and I will certainly lose all credibility you may or may not have had for me. I realize that if I were standing at the front of the line telling the people in Jim Jones' cult not to drink the purple Kool-Aid there are few who would have listened to me. If I had been in Waco, Texas a few years ago, the Branch Dividian would have still been "nuked" and many people would still have died needlessly. Every society has the "leaders" and the "followers" it's up to you to figure out which way you want to go.

It is not all that difficult to be an honest insurance agent and to help people. As an agent, had a place in the top 2% of all life insurance agents and I never wrote a policy I was afraid would come back to bite me in the future. There are good companies out there and great people working for them. The "courses" you'll undoubtedly take when/if you get involved with Primerica are available to everyone.

I hope you have gained a little insight from my ravings. If you want to challenge my point, go into your local yellow pages and call a few agents and ask them what they think of Primerica. You'll soon find that I am not alone.

Good luck in the future. I wish you all the best and hope for your success. However, when the perfect plan you so reverently believe in blows up in your face, give me a call and I'll do what I can to help.

Regards,
Mark

Mark.....I so enjoyed listening to your insight as to Primerica is for real OR another A.L. Williams "lookalike". I had responded to an ad on Craigslist just 2 days ago, had someone contact me trying to "HIRE" me as a financial rep for them. I was under the impression it was Prime America since this is what it sounded like and since Primerica sounds phonetically different, I didn't know there was a difference until today. The gal I spoke with said she joined on about a year ago, was doing very well and that the company would pay for me to get my "security license"....this threw me off since everything sounded like insurance, annuities, that sort of thing. I was to meet with her and another gentleman above her this afternoon. I have since cancelled that appt. since I would still like to look for a REAL job! As far as MLMs go, I was at the top with 3 of them, one of them being Amway back in the 70's, I did well with everyone of them except for the last one, which I was making real residual income until the company started feeling the pinch from the downhill economy and pulled the plug on all the Rep's residual income!! This used to be the way of the future, however, as of late, this is not a solid place for people to go anymore....as you know, the people at the top are the ones making the real money. However, in my previous position even those that were making $600,000 and up have all been let go, so it's not the waive of the future any longer so MLMs may sound like a safe bet right now but in reality, we all still have to keep the lights on.....that's where I am today!! Thx again....

Primerica insurance company will conspire and lie to coverup their corruption. I have proof they have done this. On one occassion they took 4 day to determine who the beneficiary was on a life insurance policy they issued. The policies of the deceased could not be found and they paid the proceeds in err then lied to cover up the mistake.

Saying one is better than the other is ridiculous and comparing apples to oranges. Insurance is insurance and investments are investments. It's like asking which is better, leasing or buying a car? Renting or owning? Marrying or getting an escort...ok maybe not the last but you get the point.

Term is for "temporary needs", whole is for permanent needs.
The bottom line is this, when you are gone, what do you want to happen? Most die after the term is gone which is why it's so cheap. Whole always pays out. Look at a Mutual company vs a stock company.

But term invest the difference works...if you invest the difference. Most don't.

Here's the final note on whole...IF it was so bad? Why do the prominent Mutual Companies sell so much whole life insurance ? You cant say because their sales force are con artists because their clients are prominent high net worth people, CEO, Doctors, business owners. Those kind of people are smart people who surround themselves with advisors and CPA's who crunch every number against tax codes and stats.

But most of America are living beyond their means, living off the fat of the land and want something for nothing, complain about paying for whole and yet spend more money on beer.

Again, when you are gone, what do you want for your family ?

Primerica or Prime America...It does not matter how you spell it or how you pronounce it. All of this mess is crazy. First of all how many people now days have teh type of money and can afford to pay the high premiums. It's sad enough that people are struggling and scaping here and there trying to survive to stay alive. Do you really think they are focusing on death? Especially with hard times as today. And, the ones that can afford the high premiums already have a nice nest egg to chance the offer. My question is: Where is the office and why are they renting or using office space for interviews.....Surely, a high classy company like this should have a stable, luxurious, winding staircase, designer's pictures and employees to represent. Think about it people, This is definitely a scam.

My mother have had life insurance with prime america for over 14 plus years as soon as she turned 70 they want too drop her insurance or they want her too pay seven times the amount of her normal payment this is an unfair practice someone should be held accountable for preyen on the elderly.

This is a very simple issue. Why do you have car insurance? Why do you have health insurance? Now, why do you have life insurance? Who came up with this crazy idea that you should bundle your life savings with your insurance?

Some of you need to do your homework. Cash Value life insurance is not a savings plan for your family. If you die, they keep your "savings". If you want to take out some money, you borrow it at an 8% rate. They can withhold it up to six months. Does that sound like it's your money?

Do you want assurance in your life with your money? All you can do is read what the non-biased wealthy people do and follow suit. I can tell you this: most people who sell life insurance and know everything about all types of policies buy term.

Cash value life insurance pays more commission to the agent for a reason: it's great for the bank. If it's that great for the bank, it's probably not that great for you.

Here is a question for the primerica haters - why is this institution the only one taking a stand against cash value? Why was the founder a man who began a company because he was mad at the cash value policy his dad was sold that left his mother with hardship? It doesn't sound like a company who us trying to rip people off; it sound like a company with a cause and a belief that is trying to help the American public despite themselves. Most people, well over 90%, retire without much to go on because they don't plan ahead. Primerica tries to help with that. And of course it's no surprise that many people won't take advice or take action for their families. They are too busy being right all the time, or spending their money on fast food and beer. How dare a financial planner go out of their way to interrupt their precious nightly tv shows so they can try and scam them into a better life for themselves and their families.

Not to defend or contridict. just my personal issue. I had, Whole Life , Full coverage car insurance with (uninsured motors rider) on my leased Land Rover, I had my portfolio with Lehman Brothers, My bank was Republic Federal Bank where I had a money market account w return of 1.8% . My Mortgage was $3,000 I would send a little more to principle (varied $100-1,000 a month) This was was in 1999 and I was sitting pretty. In 2002 I met a Primeamerica agent a relative of my dear childhood friend Annie. I was so hesitant to listen, In fact I actually did not give the guy the time of day "Annie told me all about I'm not interest to do a finicial review thank you" I said.
Come 2008, I lost money w/ Lehman Bro., had to borrow on Whole life at a redicouls rate due to the fact I wouldn't close a sale on my investment property on the Gulf coast. I eventually had to cancel my life insurance to try to recover I decide to just keep my employers life insurance (a $12, 000 pay out) Mind you I have 2 kids one who is legaly blind.As for credit cards... (my credit limit being on average $15,000, cc I paid per month much more than mi. due, cards that had at most a balance due between $200-400) well, after the crash still loosing money on investment property I cashed out on just one credit card $3,000 on just one of my 4 cards.... Come to find my other cards which, I ALSO always paid much more than min. , dropped credit limit to $500. raised rates to 21% . My home?...value in my home dropped and you guessed it the extra to principle was more $ out the window. I THREW away so much hard earned cash just because I trusted BIG name banks BIG time investers felt warm and secure. Would I have been more reseptive (as my friend who did go with Prime Ame. ) I would have saved myself from feeling like an ASS now . My friend who's finacial decision mimicked mine since college was open to common sense.

She even lost her JOB and kept above water while my employed ass drowned in debt. When she foundherself unemploed she started working with Prime Amer, did I listen then NO, "Annie are you kidding with all that is happening I can't take a risk now" What Risk was I avoiding , the only risk I took is beleving that I was 100% correct . Twice I was hard headed. Sadly Annie passed away this year cancer... Her family however is finacially stable.
Me? I like most Americans had a rude awakening after 2008. NO I do not work for prime I did finally listen to my friend before she passed I moved my eggs around a bit saved money here and there and I am feeling less stressed. I don't believe I am a good candidate to "work" with them. Just sharing my life experince.

My gripe with Primerica, is their recruiting method. They have prospective (agents) pay THEM a fee, then , while studying for the insurance exam, recruit and sell (with a licensed agent), policies to the prospective agents friend and family.
The money is in recruiting friends and family to sell, then get an "override" from their sales.
MY POINT...NOT EVERYONE IS CUT OUT TO SELL INSURANCE, OR BE A FINANCIAL ADVISOR!
It's all about recruiting!

The information is correct and unless you have money for sales leads and a brokers license, you wont make it. Commission on term life is 30% of the final policy, which usually ranges in $1000-$1200, so thats not much. However, term life is a great product and anything else is garbage and a rip off. Dont believe that your policy will pay for itself or that after so many years your policy will be paid off, this garbage, but thats what sold because it has the highest commssion to the agent. Life insurance isnt an investment so why would you buy whole life or universal or anything other garbage that is simialr. there are many names, but its garbage. you just need straight insurance, you die, they pay, period. That simple. Does a 90 year old person or a single person with no direct family or someone relying on their support really need a mega policy? No, of course not. If you need a burial policy then get one and save a ton of cash, which would be a small term policy and obviously if you have have health issues you need a policy with no medical required. You see them all the time advertised as such and will take care of what you need. Believe me, there isnt a policy made that will sustain itself for the next 20-40 years. Dont believe me, I dont care, its your money. Find the book, 'what's wrong with your life insurance" written by a third party and will open your eyes. In this book, it explains everything clearly including every flavor of life insurance known to man. Primerica sucks and the feed back is dead on, but term is pure and straight insurance. I am not in the business, but was and I learned a ton. Some do make it in primerica just like in all sales, but it takes money to make money. Good luck and find the book, its on amazon.com.