They get paid to make sales. -. Isnt Christian supposed to be Christ like? You can either do it right or easy, but never together. Well this is where you are wrong. If you cant see it, then you are blind. So that the junior will be making money sooner. I can give you many articles and books that say my side. -. Banks job is to keep you in debt. It has gone into a direction that is not positive. They are supposed to be so scary successful, but they are spending lots of time posting their condesceding comments to this site. For investments, the Representative commission is 30% of the dealer cut, which is usually a small number like 4.5%. have you ever noticed that you employees do all the work and dont get paid your worth while your BOSS calls theshots, determines your income and lives the dream life? Price only matters in the absence of value. Yours? I am in sales. Life insurance is income protection. . And if people are happy with what happened to them, they are bound to recommend these services to their friends. Are you absolutely certain the funds you promote performed better in that time period? In any proceeding to collect these amounts, Are you understanding it. Now lets consider a better scenario where you reach RVP level. Now you might want to look up this quote from Andrew Carnegie. None on the State Board. 90 are dependent or still working. Please state facts as I have, without knowing my carriers please find out who they are before calling them not good companies. Since you go by price, the next guy that is cheaper will take them away. Does the agent refer the client to another agent? Most people never pay off their house since they are not shown how to. How about there past practices? Do you know the difference between a good term policy and a bad one? Just something to think about. The Primerica policy is 88.33 for the male and since it is a unisex policy it is 88.33 for the female. If the policies are so good, why do you have to spend that much? And if you die in between your family gets all the money, insurance and investments. I just know the industry. Dell saw this gained huge funds back into their bottom line, so they took it upon themselves to just lay people off as wellnot to save their bottom line like other companies needed to.they did it cuz bottom line was all they saw and it was corporately effective. One can have hope for you. The motto of my church is Honor God. you can get it cheaper Theres always a cheaper price for anything. Yes, some people swear by it because they ended up better off then they were before Primerica and thought that they WERE helped, but thats only becuase they didnt realize that they would have been even better off doing things the right way, and because they didnt know that they could do the same thing for themselves without taking out a loan or buying financial products from Primerica. Like how Primerica takes in 2% of the premium, but writes 6% of the coverages. And that there are better ways that cost less and give less commission for estate preservation than to use cash value? The only problem is you are playing magician. You are placing a deposit down to start your business. Yes, there are some rules like I must follow each carriers advertising rules and I must meet XYZ carriers requirements. Maybe its a little bit too optimistic, but I choose to be that way. You have to write a new policy on the spouse, and then delete the spouse-rider from the original. It is like accidental death and dismemberment. Did you ever call your agent and ask them about the pros or cons on a Senior/Life Settlement? How would you feel if something happened to you while you were taking your life classes, waiting to get you license before getting life insurance? Makes you wonder when they find time to take care of their clients. And how many fail, many, since they do no have the support system in place. Therefore will harass you until you switch from Term to Cash value. Allowing some to get out before others. For families who have NEVER had ANY of these products, this could only help them get to a better place financially. I mean who underwrites the policies Michael? But the main reason I joined is because my husbands grandfather got robbed by two of the whole life insurance agency. Most brokers do this so they do not lose the clients they have. It is your job to ask questions and listen, take notes and put the right product for your clients needs. In the past couple of years all of us little people have been instructed to recruit new people. They should be just running out of money or run out of it. And guess what? But then again you sound like someone who believes that if he gets the letters he should be paid more. Since the government gives the tax benefits to Primerica Agents, I guess you are wrong here too. Or how about the house you sold 2 years ago? They asked ME! All the money books and magazines say this. And there are people that are in other business, that have a conflict of interest. Here I will say it again since you ahve missed it. As part of the settlement, Citigroup also agreed to pay a $100 million fine and to reimburse issuers of municipal auction-rate securities for all refinancing fees they have incurred on auction-rate securities issued through Citigroup between August 1, 2007 and February 11, 2008. That can be a small term policy. I otherwise would not have sought out investment advice or invested. I guess when you cant win the argument with facts, you chose to deflect and go to other things. It really is a way to take money from the agents. I found this posted today. Im also experienced enough to ask for all industry required disclosure forms. Wouldnt You? Let me show you in the next couple of lines. I was pleasantly surprised to find out that they encourage their customers to pay their mortgages twice monthly rather than the traditional monthly payment. So why are you selling this to the wrong person. The smart man waits until they have all the kinks out so they can get the best return. If one day Primerica changes their business model and its beneficial to do business with them I may consider it. I work at a restaurant right now, and the money is good, while going to school. A person can get a commission contract the same or better outside of PFS. Thats just business man. Well I posted that he was wrong with the Cost to get in and what it covers. Today I find joy in referring people I meet to my upline as clients and as possible recruits, because I KNOW how honest and SOLID THAT particular office is. . That does happen. Agents with access to Primericas rates report that it does not offer competitive pricing. And he has been able to use REAL facts and logic to explain his success as well as your shortcomings in PFS. When you are a parrot repeating the same lingo it is apparent youve given little though to do actual research yourself on the markets or how different asset classes are even correlated. Also, PLEASE post any questions you would like me to ask my trainer! It takes hard work and dedication to getting in front of people. First you said that you should leave it in the hands of the client. ), Second, This model allows the trainer to teach the junior, everything, holding nothing back. An Independent agent came to one of the Primerica clients and said we can get your insurance cheaper. For the right person, it works really well. This should be good. But then most agents do not sell this, since they make more money on Cash value, and not Term. My friend is very knowledgable about finances so this is why Im on the fence about this. It shows you how much you do not know about Primerica. One reason: Firms study their REAL competitionif our firm wasnt a THREAT to their own business and customer retention, they wouldnt even know we existmuch less know about the products we have and our compensation plans. I get the information about what the $99 deposit covers. Bill @ 8:34 pm I bet you would. First you do not know the level of training. . NOw what do you get for the $99. He taught as a coach. If you had studied Primerica as you said you have you would know this.And if you knew your products it you would know that it is good for the top 2%, not the 98%. Also, if PFS policies are so expensive by comparison one would think they have features to match but at that cost the IBR can be beaten by any policy just by buying it anticipating the need. ), What does the other insurance companies sell. They did it to take money from the clients. I know that is pretty sharp to say. I was responding to Tom from his comments to the blog that I posted on July, 26, 2008 from James @ 9:26 pm. i can understand your fear of the truth. Tom whats with the comments of ghetto, and people who cant speak english?? Thats what I did and I just couldnt drink the kool-aid anymore. All the years PFS has been with Citigroup is PFS their only life Distributer? That is a fact.. And the bad ones dont like clauses and guidelines because they dont like to be regulated by a mother company that wants to protect the clients and the Representatives. Is the money different? He also will teach all the tricks, something most trainers and owners do not. A freshman with one econ 101 course could do circles around your fabricated knowledge of what you think is this whole financial realm. A person can market to a few people a year or month or whatever and take that income and supplement a retirement plan or to use with some other bills or whatever. I can be there form my parents and family when things come up. I am curious, do you think that the value you get from McDonalds is equal to the Value you get at Black Angus? I consider myself to be an open-minded person, so I dont mind meeting with the recruiters and really learning what the company is all about. Again whomever is posting this is incorrect. A few misunderstandings that need to be addressed are: An FNA is NOT required of new associates, or part of any registration process. The poster had a bad trainer or RVP, and that is not the way we do things in my office. When he is either speaking or typing. I know many people work out of their home, and a home based business is great. #1 should always be the client. Another is weekly training. I knwo of several Allstate agents that are under the gun, to keep their businesses. I am not sure, I have heard of people chosing to go back from RVP to senior Regional Leader, but I have never heard of anyone getting rolled backed to a different level. Back it up. I know my competition. Now you have said that there are companies that will refund some of the money, Please give us those companies name. Maybe someone can enlighten me. So Primerica not special with that. I am sure your clients would like to know. You want to talk opportunity. I do not need cash value insurance since I have set aside money to pay those bills when I die. Do you think that everyone knows how much it cost monthly to get in a mutual fund? Mutual funds is the way. . Wow, THAT was a pretty lengthy spewage of information that quite frankly had NOTHING to do with the point that Ive been arguing with you over. ***We are not trying to build any wedge. Each college degree aligns with students' different personal interests and professional goals. Art himself says he wish he never sold A.L. But let us see what Primericans offer: And you will not be able to retire ever. Just like PFS, I do not work for them as a business owner. He had to pay an extra $700-900 to be cremated. I think this is one of the better MLM systems. I do not nor do I admit to selling products to clients that are not good for them. I am truly an independent, non-captive agent. But the Agent made his money!!! If you dont have a insurance or NASD license, they do. Dont get me wrong, Im not saying Primerica agents do anything wrong or unethical, its just that when you hear a speaker say that you are the only company doing whats right or you have no competition something you may have read will stick in your craw and then the leaving process will begin. Tom, Tom, Tom, lets clear this up. From my past understanding the reps dont get renewals from that business. Williams. It also seems like you donate alot of your precious free time away from your family while you get licensed to try to sell the products and recruit new people before you see much money at all. It is scary. But you keep going to the price. It sounds more and more like Tom is a chick. I am sorry you made so many mistakes, only a fool would trust your advise. First, you are saying go get educated. How Much Does A $1m Life Insurance Policy? God our creator gives us a chance to strive not to remain ignorant. We can keep digging or get Factual and build up. See you at the top. 2. May be you forgot about RUDY form Notre Dame. Remember, if you are offering an ROP policy it is real easy to explain to the client how it works unless you are one of those sneaky sales people who want to win. Yes I have gotten some new information from my agent. You are always looking for the sale. the stiffneck people. As for your postings about AIG. Will you all watch The Pursuit of Happyness please? An example of this is this Ed Slott guy. I represent many different carriers. Which means they can offer any products they feel that their client needs. Having to worry about E and O since your company does nto cover it. PFS is the heart and soul of citi if they sell that would be awesome then we go public. Most people that were in the market would say youre giving me a job, sure when do I start. Fraud Alert I think that if I provide a valuable service to clients, and I think primerica will allow me to do that, treat clients with respect, be totally honest with them and not pressure them to do what makes me the most money then I will be able to make money doing Primerica. This mean the clients you bring in cant be touch for two years after you leave. Well Here it is the advertisement. , Now since all these companies sell cash value, the problem is they are doing as a loss leader. As for the facts, they need to come from a source that has no reason to slant the facts. : If you want to pay your mortgage off in 20 years, the mortgage industry (including Citimortgage) has something to accommodate thatits called a 20 year mortgage. And to finish James boy. Vanishing Premium, the policy owner may be told that after a certain amount of time they will no longer have to pay their monthly premium because the policy will pay for itself (a confusing lie). 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