I am a happy and satisfied customer for over 10 years know. When I bought term life insurance from Primerica, the representative was really professional, and sat down with me and my husband and gave us different options and he tried to find the best for us not the best one for the company, and he explained the difference between whole life insurance and the term insurances. Before I had a insurance with another company that sold whole life insurance but because I requested the term life insurance they sold that to me but they sold the wrong one the annual renewal term which increases every year (bad idea), so I was so happy when Primerica showed me the difference. They let me know it was a straight term insurance and then I invest the difference that I was paying in this other whole life insurance. If I die my beneficiary will get my savings in my investment plus the benefit from my coverage. Something that was not going to happen with a whole life insurance. Primerica is simple and no hidden stuff. I am a happy customer.

I am responding to the person who claims he was " Hoodwinked" by Primerica. First of all I'm sure your agent told you that you were getting a term insurance policy. It sounds as though you did not fully understand and failed to do any research on your own. Everywhere on the internet now if you type in life insurance there is an abundance of information as well as definitions for both Term & Cash Value Life Insurance Policies. If you attempted just a minimum amount of research you would have quickly found out that Term Insurance is pure insurance with no savings attached. It works just like your auto insurance if a claim is filed the company pays (No Frills). You know people like you really bother me. You purchase something that you obviously don't understand and refuse to do any due diligence of your own and then you're quick to slam an entire company and ruin a reputation all because of your ignorance. Do everyone a favor PLEASE EDUCATE YOURSELF, and get a life you have too much time on your hands.

I can understand your point of view. I too have a policy with them and  familiar with the term and investing in mutual fund conversation. I havent had a problem because I have a guy that explained it right and has followed up. I am amazed that you are bashing the company instead of the agent, also it puzzles me that it took you 20 years to accumulate $7000 and you didnt see a need to talk to your agent 15 years ago. Did you all even discuss how much money you would need to put away to possibly have a chance to accumulate 500K?  It doesnt sound like you took much diligents with your understanding of how it works yourself, which I know for sure they offer. My guy tried to recruit me! Please do your own research and dont be afraid to ask questions, that will at least test the how competent your agent is.

As already noted by one respondent, the claim was 'buy term, invest the difference'. "You" is implied in that phrase - you invest the difference, not the insurance company.

I invested in mutual funds in 1988 when I purchased the term policy from AL Williams and by the time my daughter needed university funds, I had well over $5000 saved up (I was investing only $35 per month in '88, which I then increased to $50 per month by '98). That money paid for the first two years of tuition, and I am so glad that I heard of AL Williams.

Sorry that the 'ripoff' complainer didn't understand the terms of his policy, but many of us did and we have reaped the benefits.

you did not purchase a whole life policy. The buy term and invest the difference idea is properly protecting your family in case you die for a cheaper amount than whole life allowing you to invest the difference (the extra money you would have paid if you had bought whole life) it does not mean money will be automatically invested for you through the policy if this were the case you would have bopught a whole life policy and not from primerica because it is not offered.The money you saved by purchasing term instead should have been invested properly in a different vehicle. You definatley misunderstood the concept let me ask you this did you put money aside in a retirement vehiclew as well???