2007-01-16 15:50:17 · 4 answers · asked by Anonymous in Business & Finance ➔ Advertising & Marketing ➔ Other - Advertising & Marketing
Basically, Primerica takes a look at your current situation and makes recommendations from their own products.
For example, if you were spending $2000/year on $100,000 coverage of life insurance. Primerica can offer something better, say $1000/year for $300,000 coverage of life insurance.
If you had multiple debts (credit cards, loans, mortgage) and you were paying $2000/month and it would take you at least 28 years to pay them off, Primerica can consolidate those debts and lower your monthly payment to maybe $1500/month. Using equity builder plan, it may get you out of debt in 20 years.
Using the money they saved you, they recommend that you invest for the future (such as retirement) instead of spending all of it. There is a lot more what Primerica can do. They don't just focus on one area and leave the rest up to you.
2007-01-17 15:47:45 · answer #1 · answered by Anonymous · 3⤊ 0⤋
Insurance companies offers almost the same product with a different package or product name. If you really want to invest or put some of your money on an insurance company check their assets and transparency. It is better to invest on an insurance company who is mutual and has the most wide and established re-insurers. Check out New York Life.
2007-01-17 01:41:17 · answer #2 · answered by Chris S 1 · 0⤊ 0⤋
If you want term life insurance cheap and a large death benefit, then Primearica is as good as any. Bu if you are looking to save and invest your money. You would be safer buying bonds, mutual funds, etc from your bank, or investing in retirement savings plans.
2007-01-20 23:00:36 · answer #3 · answered by ? 6 · 0⤊ 1⤋
Lord no....just a rip-off.
2007-01-16 23:54:44 · answer #4 · answered by ? 6 · 0⤊ 1⤋