Primerica is a multi-level marketing or MLM company that provides insurance and financial services in the United States. In this review, we will take a look at some of the good and bad points of this company; and whether or not you should consider their services.
Here are some of the main selling points of this insurance company.
Primerica Has Been in the Business for Over 40 Years
When it comes to insurance companies, one of the things you should look into is their reliability and performance. Primerica has an advantage on this front as they have been in the insurance business for over four decades. That surely brings them credibility.
Lower Costs Compared to Other Companies
Currently, there are plenty of insurance companies in the market. Thus, you should be looking for the one that charges you with the least amount of fees. Primerica sets reasonable prices for most of their insurance and financial products.
Good Term Life Insurance Offer
Term life insurance or pure life insurance aims to provide coverage for the death of a person within a specified period of time. Thus, if you’re a 30-year-old and you get a 10-year term, the insurance company will pay out to your beneficiary if you die between the age of 30 and 40.
This is provided that your policy isn’t expired and you’re keeping up with the premium payments. If you are on the hunt for a term life insurance, Primerica offers sound term life insurance products.
Reliable Customer Service
When you purchase a product or service, you’re expecting responsive customer service in case you have queries or problems. Primerica has a reputation of being reliable when it comes to customer service.
Every business or company has some shortcomings, which may be seen as weaknesses in its business model. Primerica is no exception. Following are some of the areas they should improve on in terms of their business and the way they handle customers.
Multi-Level Marketing Model
The multi-level marketing business model isn’t inherently evil in itself. There are plenty of good and successful companies in this segment. However, for some people, businesses using this model are less credible. This is because the employees rely heavily on recruitment. However, as a customer or a client, this could actually be an advantage in some cases.
Only Term Life Insurance Available
Term life insurance is certainly a good investment. However, if you’re looking for a whole life or some other insurance product, Primerica is not the place for you. Primerica currently only offers term life insurance. Overall, Primerica is a good-performing insurance and financial services company. You should check them out if you’re looking to get term life insurance or other similar financial products. However, as with any deal with a company, make sure to check the terms and conditions laid out to you before signing up.y