Primerica ripoff San ANtonio Texas

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*UPDATE: Primerica recognized by Rip-off Report a business opportunity well worth considering - it's not for everyone but many representatives make solid commission incomes. Primerica takes appropriate action against representatives conducting themselves improperly, pledges 100% commitment to customer service.

I am a Financial Security Advisor with a reputable company and have worked for a non-reputable one as well. What I have found is that both term and whole life insurance are useful in peoples lives today.

Term is a great tool to cover a short term need (i.e. Mortgage Insurance, Debt coverage, the time untill the kids move out on their own). Keeping in mind that most companies will not let you renew your policy after age 75. Whole Life insurance is a great tool to give someone coverage for things that last the lifetime (i.e. Final expenses, probate, capital gains, buy-sell agreement in a company), not to mention there are Whole Life products that do have decent returns. The company I work for typically sees between a 6 and 7 percent dividend paid out annually as it has for over 100 years. No single insurance product is a perfect product. As mentioned earlier, term premiums increase whereas Whole Life typically does not. But, the need for the coverage that term provides should decrease over time. (debts/mortages decrease over time and "hopefully" the kids move out).

I am not claiming to have all of the answers but I feel that we, as insurance professionals, have the obligation to look at each client individually and determine which product(s) will suit THEIR needs the best. When you do what is in the client's best interest the monetary rewards will come on their own.

Term is useful as is Whole Life. Don't go into a clients home with the mindset that you are only going to sell term or only going to sell whole life. Whose interests do you have in mind in that case?

I am a Financial Security Advisor with a reputable company and have worked for a non-reputable one as well. What I have found is that both term and whole life insurance are useful in peoples lives today.

Term is a great tool to cover a short term need (i.e. Mortgage Insurance, Debt coverage, the time untill the kids move out on their own). Keeping in mind that most companies will not let you renew your policy after age 75. Whole Life insurance is a great tool to give someone coverage for things that last the lifetime (i.e. Final expenses, probate, capital gains, buy-sell agreement in a company), not to mention there are Whole Life products that do have decent returns. The company I work for typically sees between a 6 and 7 percent dividend paid out annually as it has for over 100 years. No single insurance product is a perfect product. As mentioned earlier, term premiums increase whereas Whole Life typically does not. But, the need for the coverage that term provides should decrease over time. (debts/mortages decrease over time and "hopefully" the kids move out).

I am not claiming to have all of the answers but I feel that we, as insurance professionals, have the obligation to look at each client individually and determine which product(s) will suit THEIR needs the best. When you do what is in the client's best interest the monetary rewards will come on their own.

Term is useful as is Whole Life. Don't go into a clients home with the mindset that you are only going to sell term or only going to sell whole life. Whose interests do you have in mind in that case?

I am a Financial Security Advisor with a reputable company and have worked for a non-reputable one as well. What I have found is that both term and whole life insurance are useful in peoples lives today.

Term is a great tool to cover a short term need (i.e. Mortgage Insurance, Debt coverage, the time untill the kids move out on their own). Keeping in mind that most companies will not let you renew your policy after age 75. Whole Life insurance is a great tool to give someone coverage for things that last the lifetime (i.e. Final expenses, probate, capital gains, buy-sell agreement in a company), not to mention there are Whole Life products that do have decent returns. The company I work for typically sees between a 6 and 7 percent dividend paid out annually as it has for over 100 years. No single insurance product is a perfect product. As mentioned earlier, term premiums increase whereas Whole Life typically does not. But, the need for the coverage that term provides should decrease over time. (debts/mortages decrease over time and "hopefully" the kids move out).

I am not claiming to have all of the answers but I feel that we, as insurance professionals, have the obligation to look at each client individually and determine which product(s) will suit THEIR needs the best. When you do what is in the client's best interest the monetary rewards will come on their own.

Term is useful as is Whole Life. Don't go into a clients home with the mindset that you are only going to sell term or only going to sell whole life. Whose interests do you have in mind in that case?

I am a Financial Security Advisor with a reputable company and have worked for a non-reputable one as well. What I have found is that both term and whole life insurance are useful in peoples lives today.

Term is a great tool to cover a short term need (i.e. Mortgage Insurance, Debt coverage, the time untill the kids move out on their own). Keeping in mind that most companies will not let you renew your policy after age 75. Whole Life insurance is a great tool to give someone coverage for things that last the lifetime (i.e. Final expenses, probate, capital gains, buy-sell agreement in a company), not to mention there are Whole Life products that do have decent returns. The company I work for typically sees between a 6 and 7 percent dividend paid out annually as it has for over 100 years. No single insurance product is a perfect product. As mentioned earlier, term premiums increase whereas Whole Life typically does not. But, the need for the coverage that term provides should decrease over time. (debts/mortages decrease over time and "hopefully" the kids move out).

I am not claiming to have all of the answers but I feel that we, as insurance professionals, have the obligation to look at each client individually and determine which product(s) will suit THEIR needs the best. When you do what is in the client's best interest the monetary rewards will come on their own.

Term is useful as is Whole Life. Don't go into a clients home with the mindset that you are only going to sell term or only going to sell whole life. Whose interests do you have in mind in that case?

I just wanted to inform anyone reading this that Term Life Insurance for most people is a better financial decision than Whole Life. But like all things in life, the details are very important. The important thing in Term Insurance is to make sure that it is guaranteed renewable, and to try to get a long term period to keep the cost down in the long run. If you choose to get term life insurance and have to renew every year, you will be evaluated on your health and age each time and so the cost will go up because you didn't get younger and healthier. If you choose not to get guaranteed renewable, then you may find yourself without the ability to be covered when the term expires. For example, if you have a life threatening medical situation and do not have a guaranteed renewable insurance policy, then you probably won't get renewed, and this will not allow you to protect your survivor's from the financial burden your death will cause them.

If you compare the cost of equal face amounts between Term and Whole Life insurance, you will quickly see that Term is much cheaper. So you can take that extra money and save it or spend it, that is up to you.

I can't say that I am a great insurance agent, I do it part time when I need some extra money. But I did have to pass the State of Texas Exam to get licensed, and I have to say that the research that I have done in the bookstore merely confirms Primerica's financial strategy of Buy Term, and Invest the Difference.

I have a guaranteed renewable insurance policy with Primerica Life Insurance company, I mention this just to let you know that I put my money where my mouth is, and if you are considering purchasing insurance ask to see your agent's insurance policy to make sure that they are doing the same.

Noelle,

Let me guess...you sell whole life insurance? Just a stab in the dark.

Your comments about monies paid on a term vs. whole life insurance policy are completely absurd. You know as well as I do that term costs a fraction of a comparable whole life policy. There is no way ANY 35 year old would pay $1,000,000 over 30 years for term. Why? Because a term policy doesn't give you the "benefit" of an overpriced, underperforming investment to build cash value. It is simply a protection against an untimely death. Yes, a term policy that expires after thirty years leaves you with no cash. That is completely irrelevant. Do you get mad every six months when you pay an auto insurance premium because you didn't have a claim in the prior six months? Do you say, "Gee whiz, I wasted all that money on auto insurance and have nothing to show for it." Heck, maybe you do. Your comments lead me to believe that you haven't a clue how insurance works.

Noelle,

Let me guess...you sell whole life insurance? Just a stab in the dark.

Your comments about monies paid on a term vs. whole life insurance policy are completely absurd. You know as well as I do that term costs a fraction of a comparable whole life policy. There is no way ANY 35 year old would pay $1,000,000 over 30 years for term. Why? Because a term policy doesn't give you the "benefit" of an overpriced, underperforming investment to build cash value. It is simply a protection against an untimely death. Yes, a term policy that expires after thirty years leaves you with no cash. That is completely irrelevant. Do you get mad every six months when you pay an auto insurance premium because you didn't have a claim in the prior six months? Do you say, "Gee whiz, I wasted all that money on auto insurance and have nothing to show for it." Heck, maybe you do. Your comments lead me to believe that you haven't a clue how insurance works.

Noelle,

Let me guess...you sell whole life insurance? Just a stab in the dark.

Your comments about monies paid on a term vs. whole life insurance policy are completely absurd. You know as well as I do that term costs a fraction of a comparable whole life policy. There is no way ANY 35 year old would pay $1,000,000 over 30 years for term. Why? Because a term policy doesn't give you the "benefit" of an overpriced, underperforming investment to build cash value. It is simply a protection against an untimely death. Yes, a term policy that expires after thirty years leaves you with no cash. That is completely irrelevant. Do you get mad every six months when you pay an auto insurance premium because you didn't have a claim in the prior six months? Do you say, "Gee whiz, I wasted all that money on auto insurance and have nothing to show for it." Heck, maybe you do. Your comments lead me to believe that you haven't a clue how insurance works.

In response to this rebuttal, I have seen how Primerica currently has assets equalling 1.3 Trillion dollars. Term life insurance has some benefits, however, only pays out when someone dies. If you have a 30year term policy at age 35, at age 65 you have paid nearly one million dollars...ooops too bad your not dead, the policy expires and your 66 trying to find life insurance with premiums so high you might as well die.

A whole life policy for 30 years will give you the same million dollars, but one may borrow against it and the return on your investment goes to you, not the company it also covers you indefinately with no premium increases and no renewal.

You be the judge!