Subject: Re: Re: Re: Re: Today's Primerica

Comments:
: : : : I was in the old ALW/Primerica and I left in 1994. The reasons for departure were many, including: : : : : 1) VERY high term products. Not even close to other companies. I could provide more coverage for less. : : : : 2) Local leadership : : : : 3) Became burned out by all of the ALW controversy. : : : : After that, I learned much more about insurance, investments, etc. I have learned that while term is good for many families, other products such as VUL can be good if sold to the correct market and used properly. (Not looking for a debate here) : : : : Now, it's been 11 years and a lot has happened. I have no clue what the company is like now. So, here are my questions. Hopefully, some of you can answer these for me: : : : : 1) Is the company's attitude that all cash-value is evil, all other insurance companies are evil, and all agents are trying to screw the consumer for a commission? This was the attitude back then. From what I have read here and there, it seems to me that they have mellowed out on this. Can you provide details on this? : : : : 2) What is the commission schedule for RVP and below. : : : : 3) How are Primerica's term products rates today compared to others like Chase and LBL? : : : : 4) What is the new leadership like? : : : : 5) Is Primerica still only interested in greenies only? Are they more professional at all? : : : : Thanks : : : Len, I left Primerica 2 years ago and everything you asked about is still the same. The main thing is thier insurance is very expensive with only three rates; prefered, standard and smoking. The reason they hire greenies is because nobody who has a license and any experience wants to start at a 25% comission and work for a company with a bad reputation. Even after all that, yes they still have an elitist attitude. I found the real world of insurance and investments is outside of pfs. John : : John, You are correct about no real experienced agents would go work for PFS. Also, No agents with experience would go work with Capitalchoice! Why would they want to be captive like you are? Why would they want a 20% cut in annuity comps? CCFS agents make 80% of street level on all index annuities from their only company "Allianz". Stop giving away 20% of your money for a plastic trophy at the convention. : Tom, If you do it right, you will have to pay at least 20% to a office staff and spend time looking for new companies to work for. Allianz isn't the only company we sell annuitys for. It just happens to be (in my opinion) the best I've seen with the right products for my clients. : John

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