President, Lane Independent Agency, Southern California
Primerica has a reputation that its agents use their life insurance to concentrate on selling their company's investment products. The Life Insurance is then just an entre to the home to sell other products. New York Life, on the other hand, concentrates on Life Insurance and has a large selection from a highest quality company.
I'm not going to get into a discussion about an company's representatives, but simply about the company itself. The question of 'Good" as it applies to a life insurance company is a very subjective thing. Every company has strengths and weaknesses and, usually, a place in the market. Primerica is no different(no, I'm not a Primerica representative). The company itself is pretty financially stable and has an A+ rating with A.M. Best. That means they have the financial assets to pay their claims.
The best life insurance is the life insurance that's in force when you need it, period. We can talk all day about specific programs, cost, performance, etc. but there isn't one answer. It's different for every person and every situation. A good agent will take the time to get to know you and your situation and put together a program that does what you wand it to. There are a lot of good companies out there. I would consider Primerica Life a good company. Now, do they have the products that fit what you need? I have no idea. My advice is this: Be smart and find an agent you can trust. They'll help you put together a program that works for you and your situation.
Regional Marketing Director, Capital Choice Financial Group,
I represented Primerica for over 12 years and know from experience that it is a good company and will pay death claims in a timely manner. The only death claim that I have paid in my career was to the widow of my brother-in-law that past away unexpectedly at the age of 38. I delivered a check for $338,000 to my sister-in-law and her kids since I had replaced a whole life policy with a face of $25,000 a year earlier. Like most other companies, Prinerica is a solid company and will be around forever. The reason I left the company and went with my present company, Capital Choice Financial Group, was that I could represent many companies giving me a competitive edge in the marketplace. Also, Capital Choice represented the same concept of Buy Term and Invest the difference and was founded by the brother-in-law of the founder of Primerica.
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
How good is Primerica Life? Well, they are a decently rated company with premiums charged falling about mid-range on the pricing scale. That is you can find quite a few good companies whose pricing of term insurance is better and you can find other good companies whose pricing is worse.
Primerica has a limited product selection and offers no conversion options for the insured if they want to maintain a level cost for coverage for a longer period of time.
The biggest knock against Primerica is their field force. They attempt to have their company stand out by disparaging all other companies out there. Which if true, would mean a financial disaster for the country and possibly the world. There are many many very good companies out there and it's good that there are.
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The best life insurance is the life insurance that's in force when you need it, period. We can talk all day about specific programs, cost, performance, etc. but there isn't one answer. It's different for every person and every situation. A good agent will take the time to get to know you and your situation and put together a program that does what you wand it to. There are a lot of good companies out there. I would consider Primerica Life a good company. Now, do they have the products that fit what you need? I have no idea. My advice is this: Be smart and find an agent you can trust. They'll help you put together a program that works for you and your situation.
Primerica has a limited product selection and offers no conversion options for the insured if they want to maintain a level cost for coverage for a longer period of time.
The biggest knock against Primerica is their field force. They attempt to have their company stand out by disparaging all other companies out there. Which if true, would mean a financial disaster for the country and possibly the world. There are many many very good companies out there and it's good that there are.