Currently, there are numerous amount of life insurance companies offering juicy insurance benefits to their customers. Primerica life insurance is indeed one of them.
With the high number of not so good reviews about Primerica one may ask “is Primerica insurance legit or not?” This is the right place to get your questions answered.
What is Primerica Life Insurance?
The Primerica Insurance Company is indeed the largest independent financial services marketing organization in North America.
The company is worth over 2 billion dollars gotten from the income made from term life insurance companies.
The company started selling its services in 1977 as A.L. Williams & Associates. Its services were designed specifically for middle-class American families to assist them in financial planning at the same time sell life term insurance.
Some of Primerica’s other financial products include investments like mutual funds, auto and home insurance, pre-paid legal assistance, and identity theft protection.
Should You” Buy Term and Invest The Difference”?
“Buy term and invest the difference,” which means to not purchase whole life insurance, is one concept of Primerica agents. The company expects everyone to own term life insurance Yet, some people still have the feeling of insecurity with term life coverage hence they prefer permanent insurance.
On the issue of families wanting to transfer death benefits to their children or relative they often go for guaranteed universal life insurance as Primerica agents are not capable of offering that kind of insurance.
Although it doesn’t guarantee that a term life insurance policy is better compared to Primerica insurance. You just have to check on the policy that best suits what you want.
Does Primerica Life Insurance have Good Ratings?
Term life insurance is a product that can be found which has a much better rate with low cost. Every company you’ll see quoted online also have conversion alternatives that Primerica does not have.
Conversion is the capacity to convert your term life insurance policy into a durable one with no evidence of being insured. This simply means you can easily fill out paperwork, health questionnaire, and convert all or some of your death benefits during your term to a permanent life insurance policy.
Why You Should Buy Primerica Life Insurance
If you are familiar with Primerica’s life insurance policy, you should know it offers a high level of customers satisfaction which was created by J.D. Power. It was one of the lowest insurance companies as of 2020.
It is no news that most reviews about Primerica are bad that is why people frequently ask this question “is Primerica insurance legit or not”?
How Much Does Primerica Life Insurance Cost?
Primerica life insurance costs a sum of $20 to $50 per month for healthy individuals. The cost may differ in areas of the policy and the applicant’s age and health record.
Usually, smokers, have a poor health record which in turn inflates the cost of higher life insurance. costs. A Primerica insurance policy with a little coverage rate costs less.
Various oppositions tend to offer a quote method but this doesn’t apply to Primerica has whose policy is designed for customers to call or email a local Primerica agent to get a free quote.
Is Primerica legit?
Is Primerica insurance legit or not? The answer is yes. Primerica is a reliable company that’s been in existing in the world of insurance for more than 40 years.
It assists those individuals with temporary expenses for children or mortgage expenses seeking term life insurance.
Primerica is also designed for seniors seeking coverage for the long term as coverage is effective until age 95.
Primerica pricing and quotes for term life insurance cannot be found online, but working hand in hand with an agent helps make you gain experience.
Conclusion
You may have gotten the ideology like many individuals who seek the answer for this question” is Primerica life insurance legit or not”? I’m sure you must have gotten your answer from this article.
If this article was helpful to you don’t hesitate to comment, like, and share this article with friends and family.
