If you cant hit 100K easily in southern California bad news. Using these two devices instead of buying term and investing the difference in mutual funds, will only make the salesperson and the company he works for rich. 4) You can sell your RVP position for about 10x annual earnings. TermNow, with up to $300,000 in coverage; Since most of the companies that were in business in 1977 are out of business now, and since AIG is having money difficulties, what will happen to my policy if the company becomes defaulted? Now do you knwo anyone else that does this? If you are in some of the these professions, they allow them to work a year and then make a decision. product. The motto of my church is Honor God. I dont know if its still true, but look at Something went wrong. Your system is a copy at best of Primerica. Now why is that a better consideration? Likewise Im trying Primerica for my own reasons; its NOT just about money with me. Primerica kept acquiring more subsidiaries until they themselves were acquired in 1988 by Commercial Credit, who kept the Primerica name. So you need to spend over 1500 dollars to possibly get a job that guarantees nothing. APRN-PMHNP degree program, for aspiring Psychiatric Mental Health Nurse Practitioners. Either that you chose to ignore the answer and claim I did not answer it, Which one is it Michael? And I have. Well on the low end it will be at least 1500 dollars. She had been diagnosed with cancer. We'd love to hear from you, please enter your comments. It was bad enough trying to figure out what you meant with out the misspellings. 5. Is this something you consider ethical? Thats who primerica is for. That saidtheres no company in the regulated USA who would last 31 years in business if they had bad/illegal/take advantage of consumers type business practices. Why? No, You know that most of the people in Primerica, or looking at the opportunity cant pay the start up fees. According to the IRS website less than 2% of all individual tax returns filed in 2007 were over $100,000 gross income. Well have you ever heard of a Funeral Trust? I have found this misleading and this is my opinion from what I being was told. So try and contact government non-profit agencies to educate you a little bit. Forgive me for asking, perhaps you clearly stated this elsewhere, but where should I e-mail to discuss things further and more in-depth? But then as an independent, it is you pull the cart. Well then the 18yr old just gives everyone he knows away the senior guys are happy and the junior guy thinks thats great, but then the will runs dry.. uh oh.. now its time for real business and talking to people we dont know.. Again you are making statements you do not have a clue about. Some goes to the company that creates the product, some to the company that maintains it, some to the company that is in charge of selling it, and some to the agents that do the actual selling. And this is sales. He did mention more than once that the money that could be made is Amazing!! The sales force pays for that. I just hope underneath all that success and go past PFStheres more and better! i hope you realize, truth be toldPFS could have worked for you even without any proper training. First, Primerica was bought by CitiGroup. Primerica was paid in less than 4 weeks. The meeting lasted about an hour and a half and was by no means tense. How can that be if they only offfer what they have to offer? Tom, here is where you and I differ. Can a person make big money at Primerica. PFS Investments Inc. (PFSI) is an SEC Registered Investment Adviser DBA Primerica Advisors. clients received their letters of transfer and that not-so-smart thing is Feelings are real but not necessarily true, Facts really finishes all debates. I have no problem with the link you posted. ( Check the Stock Holders)Most people do not invest knowingly in products that have known to hurt people. I do not understand why doing research and asking questions is not in the best interest in PFS. Im saying Primerica looks basically like a MLM because of how the commission structure pays out compare to other companies. For a person who is just a client you seem to drink from the same kool-aid pitcher. 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. You are able to have an opinion, but remember it is the lowest form of information You asked me to tell how they do it and I explained. What happens if they do not die? Oh Boy you do not need a medical exam but in your golden years, you can not really retire because your term permiums are so expensive. There is a lot you dont know as you are taught only what they want you to know. I meant to say well-said Lynn. You remind me of the people that are trying to steal my saels staff at my business. From Primerica Financial Services Commission Agreement. These policies provide a level premium for a specified period. Since I have had friends that have been taken by the Crooks like you, sold false promises and had nothing at the end, yes I get confrontational. It is a waste of money. The other thing is people do buy for value, and because of relationships, not because of the lowest price. But then again they are wrong. . Since the money can be investing different ways. You only get 1500 on contest, but you get paid on the tiotal premium. But I doubt it. Thats the problem, I did seek out infromation about he real world. It is cheaper and better to go to the work place and get it. Tom keeps saying all some are concerned with is price, well to me that says the rule of 72 which is stressed isnt really that important. All your responses were accurate. IF you do not think so, then look up the owners of the stock. I am so glad you said this. Can RVPs start new people at different levels if they so choose? Primerica recruits to build recruits. And he over-simplifies the issues when he says cheaper must not be as good., I am curious, Is not a YUGO cheaper than BMW? You must have that brick in front of your head, Primerica does nto sell term to get in the door, it gives a complete service, something most of you insurance people cant. Relationships. I do not think so since you sell on price alone. Would you only shop at one supermarket? Do you really think that companies create financial products without a real Then theres the tried and true, once upon a time You might as well have chosen one of those names. Now money is not the only cost. And Since Michael has left Primerica and had to restart his business it had to be for more money. At some other point someone seems to think that ROP is taxable Now, any adviser that says term is temporary is planning on selling them Cash value. This investment includes commissions and other payments you may receive. ( Or is it their business since they can get fired. Do they sell cash value? I just dumped the EXPENSIVE whole life policies that a family member, you know, a pro sold me(lol!). Again, ALL ARE GUARANTEED rates. (199 vs 99 is just one example). The contract levels depend upon the amount of business the producer does and the size of the agency. Where is the guaranteed insurability? If they do it again, I will buy that stock. Only a green person gets embarrassed, what is your excuse? Your way is you are always looking out yourself. Someone stated that PFS do not have to carry E & O insurance? Ill start with Cell phone companies (cingular and sprinti know for a fact they run this way.) This ought to be good. And, other opportunities have better services, better incomes and more liberal guidelines. I am curious do you know what this means. Unfortunately, the settlement does not treat retirement plans and other large institutional investors as well. They are already believers of BT&ITD and mutual funds. its the same way with your trainer taking you out on appointments your trainer has the knowledge. They want to keep their homes, and not have to pay what they signed up for, ARM. But then you do not list them. When you ask does my product lack value? Your clients must not since you focus on price here. . Tom there are reasons why some policies have a lower cost. product. I just compare contract per contract and products against products. I know that what I am doing is the correct way of doing things and therefore I must only answer for myself. He also will teach all the tricks, something most trainers and owners do not. That is something that most people hate. How do you sleep at night? My definition of winning is simply that. The corporate world does not pay anyone to train their replacement but Primerica does. This is not good for 97% of the people out there and definitely not good for the middle American Family. Just like the insurance companies that got away with canceling all those policies in the 70 and 80s when they imploded. Approximately 1% of an account is kept in cash, while the other 99% is invested in ETFs with low expense ratios. In general, life insurance buyers would be better off working with an independent insurance agent who can provide quotes from multiple companies. I am curious did you investigate the owners of the companies you sell? Not the clients. Well let us go through your plan. Wheres the value? And I ahve had an increasing benenfit rider. Its just an option to a situation. Used by you later. There are companies that do. Let me correct the errors of your way. That was a pretty good article. Which brings us to ROP. But then again I keep bringing up a Yugo and a BMW. You accept this appointment, which may be terminated by Primerica Life without advance notice. The paper work for all this takes around 5 hours so that equates to $240 per hour which is 5 times the amount Im earning in my day-job. Ok thats easy. IF a Lie gets told 1000 times it becomes a truth. But then again the better ways cut into your commissions. Form CRS About the same % of licensed reps that make $100K here. Also, as others have said, you can educate yourself at a very low price or for free if you find the right sources. Where are the people who agree with Tom? Remember the 6 rules of cash value. Money invested correctly? Tom, are you looking for a paycheck only? If a client is looking for 100K worth of coverage and wanted to have a savings program also wouldnt it be in their best interest to get the lowest cost product possible to have more money to work with? Well you are wrong here so much let me hit on the answer. Since you may not understand this, having a net worth and having cash is another thing. Im sure there is a less than 100% satisfaction; there cant be perfect companies with imperfect people working there. That is the pride of beign an owner. You keep insurance as long as you need it. In the past, it has been close to equal, but sometimes it is not. ask your PFS rep. he should know a few things abvout ROP. I know I should have been the better man, which is not hard to be, but I figured if he was going that way, I can to. But then again you sound like someone who believes that if he gets the letters he should be paid more. Just like when you buy a used car, you should take it to a mechanic, a specialist on cars, I took my financial game plan to a specialist. But a salary cost the company money. A client could get a 17-year, 24-year, 34-year etc. But you have not been to the family, that had 7 policies and still had to pass the hat to pay for the funeral expenses. . Youll love this one Bob: Thats like saying I dont go to church because Christian people are all hypocrites. If you look at 9/11. By the way if your agent told you to jump off the San Francisco Bridge would you? The contract says that they will negotiate for you what you get. Sounds like a pretty selfish reason to wait, IMHO. Primerica specializes in term life insurance and other financial products sold through its full- and part-time representatives. If you decide to do it at PFS just keep Michaels contact information on file. Also Michael, you would know Citi is selling off assets. Tried amway/quixtar for a bit until I figured out that they really make their money from all the must have training CDs and paid seminars. Ask any competent adviser. That was an honor. I get to see him every 18 months. Someone who cant be trusted, especially when he makes a mistake. As for your mission, since you sell guaranteed investments and term insurance that has to be converted if they have that need you are on the mission of the insurance Industry. This would be non-captive. There is no way you should have so much information unless you are the sneeky recruiter try to pull the wool over someone eyes. Well If he is going to ignore me then I guess he will not respond to my challenge, Like the coward he is. I actually signed up as a rep before I did the FNA or anything because I seen an opportunity to learn and do something in which im very interested. We will never claim to be financial planners, but we can teach you about how money works and how to make it work for you. If you join a successful office you will make good money. If after delivering and FNA with a proper budget worksheet analysis (which EVERY ONE of my fellow PFS agents SHOULD BE DOING EVERY TIME, and shame on you if youre not), you find that the family is $500-$1000 a month short on income (and having to use Visa to bridge that gap right now), then think about it. You CAN move up to the top, and get this, WITHOUT becoming competition for the person that was your trainer. For so many reasons. 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