It is right 2 times a day. The point is if a life policy is court ordered and a person balks at the cost, they can use an Annuity along with the ROP. You are saying that no one will need life insurance for that long but that is because you dont know estate preservation strategies. If you need me to feed you ego, TOM YOU WIN! I dont think thats in PFS best interest. Again with the estate preservation. Do you really want to pay a couple pennies less and get considerable less service? Its not owned by an individual. THIS IS A BINDING CONTRACT. i used primerica to get my licenses, then switched to a different business model. But I am a client. He forgets to say that he was trained by Primerica, and was able to do what he did because of Primerica. As if we didnt know your products to the T. These agents or just plain employee mindset people dont know anything about building a business or company from scratch or even their own client base because it was given to them by the former agency maintainer. I ahve already proved this in several areas, I love to see your termination notice. Its a turnkey systemwhich unfortunately some people are too smart for. They can always get a HELOC in case times are tough and they cant make the payment. Another reason why thats an ignorant comment is because thats like saying I dont want to get my drivers license because then I have to follow the rules now or submit to the government. If you say he does, then either you are naive, or think that everyone here is. My day-job is software engineer thus I have no background or experience in financial services so if I want to go and work for one of these other high paying companies then I have to go back to college and study first. The only bad thing was he did not take any advise but this is a free country and if someone does not want supplemental insurance it is their decision. Then theres compensation and then theres marketing. Tom there are reasons why some policies have a lower cost. But I have heard recently that Primerica has only 2% of the premiums out there but 6% of the Face value. Because if my RVP make me an RVP, he gets rewarded for doing that. Ill start with Cell phone companies (cingular and sprinti know for a fact they run this way.) What you sell is sesame street economics to people that really have had no exposure to the industry. If there was that many liabilities, why have we not heard of the lawsuits? From my past understanding the reps dont get renewals from that business. A pyramid scheme is based on recruiting with the intention of making money off of the entry fees. 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. If it was then no one would have problems. In Primerica, the OWNER is the POTENTIAL or out right RVP and the franchise is the RECRUIT. They are in financial trouble. As For James comment on Checkmate, I agree, He has lost. Since I am not an agent, am not sure if they pay for them, but most business have over head. We have clauses because we are an organization that is growing and attracts a lot of different kinds of people, good ones and bad ones. Being Cheaper does not make it equal. Do you commit any other moral crimes? At first it was not taxable, not included in your income tax. One is product sales, another is building your own business, recruiting and building a team, and last but not least different ways to advertise your products or your business. Also if the crusade is to save peope from hig priced products why isnt it carried over to the products they offer? Williams joined up with the Massachusetts Indemnity and Life Insurance Company, otherwise known as MILCO. Sorry for getting to this post so late as you know, Ive been busy. Citi may be the parent company, but unliek you, I know that each subsiduary is responsible for their own products. As we know death is a guaranteed event and Term pays out about 3% of the time. He was not cross selling. Just like a good adviser, Primerica wants to make sure that the family, the beneficiaries are protected. Why dont you tell everybody that your either an agent from another company that got brainwashed by your agent boss, or has been losing a lot of your clients by Primerica, or one of your friends or family members joined our company and doesnt want to hang with or listen to you anymore because your going no where, or joined Primerica and didnt see eye to eye with the office leadership that recruited you, or even more funny, you probably recruited on and when you found out you had to work and it wasnt easy to be successful you left like a gazelle being chased by a lion, and last but not least, your probably a person that wants to save the world by just repeating what you hear, and that makes you feel special. Since my child rider gives me the first 10 kids for the same price, that is a value. As for the sales, Yes it is a sale when you get someone involved. If you are really interested in the financial industry obtain a series 7 license and 66 license your CFP and learn all the capabilities out there so you can really help people without being limited by primericas philosophy of that you only need these few products. if I succeed, my coach/upline succeeds). -. Did you know that most companies spend billions on marketing? First, Primerica was bought by CitiGroup. With out the cold call from Jerry from PFS I would not be where I am at today. And then you can invest the difference in a mutual fund and have college for the kids. James it right, its about choice for the client, and freedom for the Agent. Something to consider is to get big in PFS is to recruit, recruit and recruit. Its methods my not be typical, but you have to admit at some level it is very effective. Nor are they ripping people off. The only purpose of ROP is to get more money from the clients. No problem Adam. You sell term that is used as a loss leader. I am curious did you investigate the owners of the companies you sell? I am here to explain the concept and my opinions. So that is my plan. With that being said even on a part-time basis a person can make some great income. 6. My costs are 149 for the license from the state DOI, 250 for the L & H class, 250 for E & O insurance and 100 for the state test. It is something that have been known for more than 30 years. Primerica says to get involved in your companies 401k. Prove it. As you know thats where the absence of value quote comes into play. He took a country that was in the middle of a depression, people starving and made it into a super power of the time. If you are happy with PFS, I am happy for you. Most ROP seems to be 35 years. They are not looking for someone who is looking to draw a paycheck. But then again you get paid on the volume, so Why would you sell the cheap stuff when you can make more money on the ROP crap? . These are the questions your customers should be asking. You said some great things but let us look at the truth. Why would they call a house wife, or an a/c mechanic. Just as licensed agents leaving PFS dont have to start at another company/organization at the bottom level depending on the company. Person who does nto stay on what the board about and posts his companies name and address here. . . It works great for those that have no home. 1. Since Mine is coming from a freind and not someone that has a history of not keeping his word this is suspect. I have fired people over ethical problems. My Agent came over when I needed help on my 401k. It is just they do not just jump on every new fangle Insurance product. Here is the question of the day, and it is something you still have not answer. I am sorry for any confusion. Again you are talking about converting a term to cash value. Remember this if the client is always looking at the cheaper price, the next guy will be able to take them from you. In the final month of competition for the San Francisco trip I wrote a policy that had an AP (annualized premium of over $4,000, but I only received credit for $1,500). James you are wrong here again. Who trains you? . It is right twice a day. no war exclusion Is it a practice yes, but it is still a theft. As for your terminal examples its just an option. Primerica sells two types of term life insurance: Primerica does not offer permanent policies such as whole life insurance or universal life insurance. Art said at A.L. Which also means the company either tries to make its profit in the beginning or towards the end. What is wrong with an individual policy Husband and wife having seperate polies makes sense. Tom, Tom, Tom, lets clear this up. Now if they need more services, they are your clients. Some people just dont like the point of paying for Term and not getting anything in return except coverage. Here is the second part of the equation, invest the difference. was first approched by a Primerica agent, after I did some investigation I found I am curious if you putting money in a saving plan, as it is being sold. . -. by the time your done with your training appointments and have your liscense you will have people on your team to take you, as their trainer, out on appointments and so the cycle goes. 8. This should be good. should the clerk tell you, You can get that cheaper at Wal-Mart? Having a person come to my house and take in consideration all financial factors in my purchase is better to me then buying the cheapest policy off the internet. They cut 10 years and a couple hundred thousands dollars off their home loan. Not many. I just know that you can do better. The one who did not succeed, since he held off doing his training until he got paid, never took any securities professional to his KTs, and never learned the full process. I firmly believe that I can offer a better products and services for my clients. In a job, who gets the most the one who is the owner/trainer or the one who is just learning? Well isnt that kind of like selling on price?. By the way is this how a professional acts? Again, When a man who is honestly mistaken learns the truth He will either cease being mistaken, OR cease telling the truth. But just like the Gym example whose fault is it? But I have a question, why in the world would Citi sell the only sales force that cost them nothing, except commissions. And lastly how about those imploding policies? . One has to do with the scope of underwriting. Ive had a FNA done. If not, karmas a b**** and good luck to you. I like options. They are not looking for someone who is looking to draw a paycheck. I mean John or whomever he is led right to you. That is guarantee. Term works for it greatly. You only say that Primerica does not do ROP and I can find cheaper products elsewhere. 3. I am 100% But then again this is the Parent company and has nothing to do with Primerica. In your work what would happen to the person that did not follow his positions plan? PFS is a young companylooking to expand massively and branch out its market. If you are saying converting the term to a new term, did you not know that all Primerica Policies have Guaranteed insurability. Discuss the roles of a coach at different levels (youth, high school, collegiate, etc. , Depends. Tom says; But you are basing your entire sales pitch on price. And an OPPORTUNITY to for others to make money on a part time basis. His sales pitch how my wife and I would be a great managers working for PFS. If you want your name to mean more than cheap products and less value, please work for him. You actually think insurance companies are looking out for the benefit of the policy holder. It is just like those that lied on their applications for their home loans, they made a choice. Do you HAVE to have a 30 year loan to begin with? I concluded that Primerica is a very bad idea! Two, you suggest cash value, when it is not good for 98% of the people out there. May be you feel you need the added intials behind your name, but Primerica does not need that, they are backed by the Best Company, and the only company that just sells term. When I was younger before I was an owner, I had a friends father die. Anyway thats all I have to say for now. AIG is having trouble and is posting another LOSS. But since you do not know anything about it, and your post proves it, I do not think you even know what you are talking about. Second, how many of these people have a terminal illness like cancer but live longer. He paid more so he would not get the harassing calls. Pulling it from a Insurance website is not a good source. Since I have not ignored your posting why do you think it is ok to pick and chose what you comment on. ***Just say no..Now what happens if a client developes a health issue later in life. Life insurance prices may vary based on benefits and construction of the product. First you confuse the issue. I did set an appointment because I was really unclear about why he would call an air conditioning mechanic and a housewife and say that they would make great managers at PFS. It is good for lump some money you want to have deferred tax payments on it. NOw I have explained to Michael about the YUGO and BMW, Please read it so you can understand where I am going. I challenge you to prove your post. I got my licenses (Life & Health & Securities) all before I recruited one person and before I wrote even one saleFOR ANYTHING!!! And even though we live in the U.S.,the best economic system in the world. They sell waht ever gives them the best commissions.They will push when it is in their best interests. Would you like to have the freedom of choice or would you only want to have 1 product to purchase? You are proving the adage: A little knowledge is very dangerous.. Auto Insurance means you will not be responsible for the accident you cause. I am one of the people thats trying to make sense of all the comments good or bad. YES..I RESEARCHED FOR SIX MONTH ( a bit irrational but Ill make my point, soon.) (This is conservative since they have started paying for the Securities Licensed.). Well what you profess cost more but offer some features free. Are you going to ever admit you were wrong there as well as many other places. I guess I mad someoen mad, and they had to hide behind a ficticious name. I bet his clients do not know this is his philosophy. Changing companies now would be like changing rowboats mid stream. If you really were a Primerica RVP, you would know that posting here as an agent can get you in trouble. A quote And then you have the Titty twister. Since you are not an agent I do not think you can have your PFS buddy run a quote for 40 year old male standard rating no childer. Having to recruit customers felt weird and wrong really. But how do you now know so much about Primerica. A company that provides thousands of jobs to people who cant get them in other locations along with so many other positive things. Since this is how you get your bonuses, I can see why you left. So why do they need more outside. If a man shows me how to get out of debt faster and pay less in total cost, that is a value. I am curious, who is being sold? Just remember NBIP (nothing personal in business). Again good luck in life I will not debate you further. I need to quit this, im out of your league on industry and products. Ive heard it many times. Some say through recruiting, some say through commission, and others said through the commission of the people you recruit. Your business which is a Multi-Level-Marketing, hence largest finanical services MARKETING org; notice the legal lingo that requires them to use marketing because you are definately not the largest financial services organization, is based very much so on recruiting. Bye the way Is itBuy term and invest the difference or is it buy ROP and invest the difference. From his business ethics I hope that he is on salary not commission because he must go hungry. And I am curious, Do you have any licenses to practice in California? You demotions since you do not hit your goal. Do you know what that is John? (If you are a man you will know what I mean. To protect this investment, and to protect Primerica agents But most people are not here to make lots of money, but somethign to help them along the way. If you cant get your facts straight on simple things like what is covered when you join Priemrica, how do you expect anyone to trust what else you post. How many cash value types insurance are there. Now I do know there were companies that cater to Primericans, but that is something that is smart since they have been growing their ranks where most other companies have been down sizing. Theres soooo much more. If that is your initials or if you are James or whomever. I mean if I had a choice at that time I would rather have the 1 million dollars in investments. Just remember NBIP (nothing personal in business). Hey Michael, thanks for the informative post! Well wake up and see that your not only doing an injustice by blindly leading these client sheep of yours to the slaughter house, but to say its in the name of doing whats best for clients; seriously; go study, pass exams that qualify you to actually financially advise, which is not the 6 or 63 or life, health, ltc, and do us all a favor and use some self due diligence and educate yourself first before you just try and sell stories and common sense catch phrases that sound so ammature and weak. 2. But Michael knows he can throw numbers out all he wants but the trick is not to lock himself down, because he has no control over the underwriting, nor the insurance company. trolling around these blogs and parroting the same exact things over and over. You left 8 years ago. I am reading this 12 years after you wrote your response. Yes I do believe that. Angelica, think about itfor every person you switch to your company, Primerica and others switch easily the same amount to their company. We get commissions on each piece of business that we close. Last one: Well you may be right but, I have a broken watch that was right twice a day. He has a knack of twisting the facts. WebThe NCAA has three division levels: Division I, Division II, and Division III. I intended to post more, but im going to leave it alone. Yes she did. We all know some people dont pass test or just dont wish to go through licensing. District Leader. You bring up a very valid point about reviews There will always be bad ones and always will be good ones. I think the cost is $99.00.. . And they need to buy the most expensive type of cash value. The sell it as a loss leader. These are people owning their own office. Now as you say the PFS agents do such a great job servicing the client to become financially independent, why would they even need to offer coverage beyond the term period? Third, Most mutual funds do not buy these types of investments because they are volatile. I am sure your clients would like to know. * Would you have been capable of setting up independently without first working with PFS at least for some time period? Do not trust me a simple man who has read many people. Aside from that, ARE YOU SERIOUS?? we are just sharing what we have learned. =-. If you dont like what you hear, then move on to something elseits your prerogative, right? And yes they do sell it. There is many problems with your statements bugt here I will try to show you the truth: I am curious where you think that Priomerica has one size fits all. Since all these benefit the company is some way. When you are retired? I found out many people dont invest the difference. You should explore the facts and ask the people who ARE making big money how they did it. Tom says: Maybe you are right, but Since Primerica is like my company it does not give out its rates, they have a greater chance of being wrong.. I am curious, where do you get the gall to say this? His was cheaper, but had no value. And then you had to fight for it. Point: There are 5,000 RVPs and only 4,000 make $50k.. -. They show them how to get a rate of return that allows them to retire. Remember that they do not have any reason to train you completely. If you work for Primerica you will too. It is a level playing feild. This will limit your use of your E and O insurance, along with limiting the damage to others. I do not do that. I treat my clients like I would want someone treating my mother and how I would They did my family. Primerica offers term life insurance products. Or did you forget about this since it ahs been years since you have taken your test. Oh wait go back and change the premium from annual to monthly..Maybe now you will get why some of us left. Yes I once listend to the old A.L Williams tapes given to me. YMMV. We lost another salesperson to another company. You have fewer fund families than a 401k which is sad, and a common sense annuity; give me a break. Since the economy sucks, and unemployment is high, companies can pick and chose. They pay agents to sell products. I was responding to Tom from his comments to the blog that I posted on July, 26, 2008 from James @ 9:26 pm. I joined PFS to help people expose the evils of Cash Value and to educate people so they wouldnt retire broke. But if you can get the service of the Ritz, while paying middle ground, why would you not? Second point, do you not think that people should be investing in their retirement? Now you cant call yourself a financial advisor or planner because you legally are not aloud because you are completely not even close to being qualified so like i said do us a favor, go to citi.com and search for primerica and see that your parent company is so shameful of you the company is nowhere to be found on any of its main web pages. If they currently do not have a huge team or any real ties to PFS, they could step outside PFS still recruit a team and just test the independent waters. Nothing is free. You having the licensing and Education with Primerica could have been the difference between all the Foreclosure signs hanging in your community or people keeping their homes. And you ask why Primerica only does 40%? I have now came to the conclusion that one it is not a job opportunity, and two you are a saleman selling insurance in a box like tupperware. Im saying Primerica looks basically like a MLM because of how the commission structure pays out compare to other companies. Its like buying local you pay more for maybe the same thing youd get at the big box store, but the service is where you find the value. All companies have a CEO, then VPs, the upper mgmt, middle mgmt, and workers. . I can see only a win for the agent. You get what? Word of mouth advertising is the least expensive way to advertise. American Investors Life Insurance Company Are they self insured like a governmental agency? ________________, What experience? It is broken, but has emotional value. who looses their job and who actually makes money for the company? So as he was speaking to me, just simply explaining everythingit all made sense and kind of woke me up to the kind of world we are in and the economys shape at the time and how it was getting worse. And you can be terminated. Williams, to go RVP you had to give up your entire team and start over again. This means that you do not have to prove you can get the insurance, you automatically get it. I can see that you are a CLIENT and not an agent. The Ritz and the Super 8 are both Hotels, but I rather stay at the Ritz. IS it the same place you got your facts about Primerica and the cost to get involved? The definitions and Part II of your Basic Agreement with Primerica are incorporated by reference into this Agreement and shall have the same effect on this Agreement as if they were actually included in this Agreement. By the way, your posts are full of bad grammar and words that are spelled wrong. The money business is the most highly regulated industry on earth. Month after month, even in a failing economy like todays, our passing months are steadily being our best recruiting month ever! Suze Orman, says to stay away from cash value. I am not her to bash Primerica. Damn that got to be a trick only AIG has. You, the Agent will be rich, and the Client will be broke and working all his life and never retire. It may not be the best option for what that customer is looking for or needs. However, this does seem like the right thing to do. Maybe thats why primerica people are so happy..hmmm thats a thought. 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