How can make I money with primerica?

Question

How can make I money with primerica?

Answer 1

First, you need to get yourself licensed in order for the company to pay you.

Second, you need to talk to people and you don't need to do much to get new clients. All you do is show the client what they have currently and what you can offer that is better than what they have.

While you can make money doing personal activities, you can also make money through recruiting. You don't get paid commissions when someone joins the business. You will get paid overrides when the new recruit gets licensed and helps families. An override is the difference between your sales level and your level.

I'm going to use life insurance as an example to show you how the override works. (Primerica is not a life insurance company, they just own one).

Lets say you just started out and got licensed and your starting level is Representative. As a Rep, you earn 25% commission on life insurance. The average annual premium that a family pays for life insurance is $1000. So you will earn $250.

If you recruited 3 people, you become a Senior Rep earning 35% commission. So you will earn $350. If one of your recruits, who is a Representative, does work on his own, he earns $250. Your override is $100.

If you get one of your recruits to become Senior Rep and your entire team put in at least $2500 in premiums, you are promoted to District Leader. As a District Leader you earn 50% commission on life insurance. If you did work on your own, you earn $500. If your Senior Rep does work, he earns $350 and your override is $150. If a Rep under the Senior Rep does work, the Rep earns $250, the Senior Rep earns an override of $100, and your override is $250.

There's three more sales level (Division Leader, Regional Leader, and finally the Regional Vice President) after District, but I think you got the basic idea on how an override works.

In summary, the two ways to earn money in Primerica is through your own personal effort and through effort of your team.