You Are Here: Home » Reviews » Primerica Financial Services Inc
Primerica Financial Services Inc

Warning: mysql_real_escape_string(): Access denied for user ''@'localhost' (using password: NO) in /home/networ99/public_html/wp-content/themes/networkingstar/single.php on line 75

Warning: mysql_real_escape_string(): A link to the server could not be established in /home/networ99/public_html/wp-content/themes/networkingstar/single.php on line 75

Warning: Missing argument 2 for wpdb::prepare(), called in /home/networ99/public_html/wp-content/themes/networkingstar/single.php on line 76 and defined in /home/networ99/public_html/wp-includes/wp-db.php on line 1291

Warning: mysql_real_escape_string(): Access denied for user ''@'localhost' (using password: NO) in /home/networ99/public_html/wp-content/themes/networkingstar/single.php on line 83

Warning: mysql_real_escape_string(): A link to the server could not be established in /home/networ99/public_html/wp-content/themes/networkingstar/single.php on line 83

Warning: Missing argument 2 for wpdb::prepare(), called in /home/networ99/public_html/wp-content/themes/networkingstar/single.php on line 84 and defined in /home/networ99/public_html/wp-includes/wp-db.php on line 1291

Warning: mysql_real_escape_string(): Access denied for user ''@'localhost' (using password: NO) in /home/networ99/public_html/wp-content/themes/networkingstar/single.php on line 197

Warning: mysql_real_escape_string(): A link to the server could not be established in /home/networ99/public_html/wp-content/themes/networkingstar/single.php on line 197

Warning: Missing argument 2 for wpdb::prepare(), called in /home/networ99/public_html/wp-content/themes/networkingstar/single.php on line 200 and defined in /home/networ99/public_html/wp-includes/wp-db.php on line 1291
00000

Score Breakdown

  • Value to You: 00000
  • The Brand: 00000
  • The Team: 00000
  • The Frontline: 00000
  • Resilience: 00000

Company Snapshot

  • Product(s): financial products and services, including term life insurance, mutual funds, variable annuities, loans, long-term care insurance and legal services
  • Marketing Style: person-to-person
  • Compensation Plan: Multi-level
  • Year Founded: 1977
  • Corporate Revenue: $2.2 billion
  • Markets: 5
  • Distributors: 100,000
  • Employees: 2,000
  • Headquarters: Duluth, Ga.
  • Stock Symbol: C-NYSE
  • Website: http://www.primerica.com

Recent Surveys:

There are no surveys yet for this company.
Be the first to take a survey for Primerica Financial Services Inc
 

Primerica Financial Services Inc. is a $2.2 billion company that specializes in financial products and services like term life insurance, mutual funds, annuities, loans, et cetera to be sold in a person to person marketing style.

Primerica was founded by Arthur L. Williams, Jr. as A.L. Williams & Associates (A.L. Williams), on February 10, 1977. Williams started the company off with their “Buy Term, Invest The Difference” strategy which allowed people to buy term life insurance and then invest their savings in mutual fund IRA’s.  Williams & Associates grew too big for their underwriter, Financial Assurance Inc., and had to branch out by 1980.  Through a series of company mergers and acquisitions, A.L. Williams & Assoc. changed their name to Primerica, the new name of their new parent company Primerica Corporation.  Primerica Corporation has a confusing history as it started out as an aluminum can manufacturer that later became the parent company of industry giants such as Smith Barney.

HOW IT WORKS:

Primerica is the largest financial services marketing organization in North America and supplies financial products and services, namely term life insurance, mutual funds, variable annuities, loans, long-term care insurance and legal services to over 6 million clients.  In Primerica’s disclosure for sales year 2009, they stated they had 100,000 distributors which made an average of $5,156 a year in commissions.  That’s an AVERAGE.  That means some people made less.  According to their web site, Primerica operates with 1099’s for tax purposes so all distributors will be required to pay tax on their earnings.

Primerica has over 100,00 licensed distributors, 1,995 employees, has headquarters in Duluth, Georgia.

Average start up cost: $99.00 – $199.00

 

Comments (1)

  • Steve B.

    I thought long and hard about getting into this business but it just didn’t seem right. I was assured that I would be really good at it but a friend of mine pointed out that I had no training, no education, and that, if I really wanted to get involved in the sale of insurances and loans, I should go to school and work for a normal company. You don’t see Soloman Smith Barney recruiting people off the street to sell stocks and mutual funds. They’d lose clients right and left. This tells me that Primerica wants the average Joe to sell to the average Joe but more money can be made elsewhere. And, as your article states, $5,156 a year is not anywhere near a living in these united states.

Leave a Comment

You must be logged in to post a comment.

Scroll to top