Is primerica life insurance a rip off?

Question

what do people (clients) say about primerica

Answer 1

WOW........AL Williams changed my whole life!

Answer 2

go to www.ripoffreport.com and see

(it is not good)

the site is free to use and I am not affliated with that site in anyway

Answer 3

Well, most people don't say much about their life insurance, no matter what company it is as long as it fulfills a need and it pays out death claims right away.

Majority of my clients were very happy in what I was able to do for them. Some of my clients even joined the company to help other families. The only complaint I hear from some of my clients is that I don't keep in contact with them often, which is my fault and I've been making a schedule to see my old clients.

As for Primerica being a rip off, that's completely untrue. Its the other companies that ripping people off by charging high premiums for a low coverage on life insurance, while Primerica charge low premiums for lots of coverage.

Answer 4

As licensed agents, most of us are restricted from saying negative things about companies we do not represent.  To my knowledge, Primerica is a captive company, which means if you represent any other company, you could not also represent them.  

I believe that no company is best for all people, and it never hurts to check around.  I recommend you talk to a few different agents to get multiple perspectives and make the decision that's right for you.

Answer 5

I have a 30 year term insurance from them. They also did a free financial needs analysis on me and also educated me on how money works. So I open a Roth IRA as well and they help me pick suitable investments that meets my objectives. They even help me create a game plan to eliminate my debts. After everything they did for me, they saved me $400/month. I invest $300/month and apply the rest to my loan. I'm expected to finish paying off all my debts in 21 years, compare to 28 years on my mortgage.

I don't see how Primerica is ripping people off. They do good things for people.

Answer 6

it kind of depends. i had it and had no problems with it, even worked for primerica for about 2 years. that said they are rated high, but i got a multi-policy discount for having my auto, home, and life with another company, which essentially saved me 50% on my life insurance (part of that was the multi-policy discount, the other was a less expensive rate). also there were several times i compared the life rates of family members to primericas rates (when i was working for them) and was unable to save money for them, to be completely honest it wasn't close. my general advice would be to shop around.