Primerica: Good, bad or ugly?
Looking for information on the cost vs. return on investment to cope with Primerica. I'm coming my feet after the layoff I went through in the mortgage industry, and I'm used to working hard. I have my own clients, and some but not all go with me no matter where I am writing loans. They trust that the @ inserted at this point. 
What personal experiences have been with people again: for them. Not looking for "They suck, run" type answers here. I read about them, and they cost a bit more in most things, but offer the service impressive too, so I'm a bit torn here. Let me know what people think …
I am a representative present there and when I'm going to answer your question, my experience may be different from your experience in Primerica. When I started, there was a market to work. I had my parents and my little circle of friends. I took about a month to get my license in life and about a month after that, I made my first life insurance operation with my parents. Does not sell or push them to buy, I just compared the difference between term insurance and universal life insurance (which is what they had). Then classified for term insurance, which I hoped to get my license values to make an exchange of 1,035 of the Universal Life Variable Annuity. They do not have a configuration the retirement fund and they were both 55, so a variable annuity was a suitable choice. So for a year (which is the time that led me to study and pass the values) that have term insurance and universal life insurance at the same time. Making long story short, I saved about $ 600 a year in life insurance and added nearly $ 100 billion more coverage for both. As for your debt, my country coach showed them the debt stacking program (which is the financial needs analysis) and showed them what the debt must be paid first and then move to the next debt. So one by one, all debts will be eliminated over time. So my parents helped me save money and get more coverage in life insurance, show them a way to eliminate your debt, and help them start saving for retirement. This is basically what I do for every customer. Not once did I have to sell or force people to buy a product. I educate them and show them what have now and what I can offer. If you are looking to help people eliminate their debts, Primerica SMART loan is the best there is. When you are looking for someone to help you eliminate your debt, the first thing the person will ask is: "What is my type?" What we should ask is what total cost and how long they will be in debt. Primerica is the only company out there that have a loan that focuses on getting people out of debt compared to keep people in debt for life of the loan. It is true that Primerica's SMART loan at some point may have a higher interest rate, but that is only on paper. If people sign up for the Equity Builder Program, the real interest rate is significantly lower (up to 4%). Heritage Builder focus on implementing more of their payment to the capital over time. It is free and no monthly service charge. Customers get a rate reduction of 0.25%. And it uses simple interest calculation compared with the time zones of interest (to see the difference between the two, go here: http://finance1o1.blogspot.com/2007/06/simple-interest-vs-schedule-interest.html ) There are lots of things I can say about Primerica, but would be a 10-page essay. If you have questions or want more information, you should talk to a Regional Vice President in an office near you.
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