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

Comments:
: Male, age 40, 20YR Level term, Preferred (not Super-preferred, etc...), $500,000 : --Banner - $475 per year Primerica - $600 : Male, age 30, 20YR Level term, standard, $300,000 : --Lincoln National - $377 Primerica - $396 : Female, age 35, 20YR Level Term, smoker, $250,000 : --F&G Life - $492.50, Banner Life - $527.50 Primerica - $825 : : As you can see, in very few circumstances is Primerica competitive. The one scenario was close, but what you need to realize is that many carriers have several rate classes (Super Preferred, Preferred, Standard Plus, Standard Non Smoker, Preferred Smoker, Smoker). And then some have non smoker rates for dippers, chewers, cigar smokers, etc. While a person may qualify with Primerica at standard non-tobacco, they could very well get Standard Plus or even Preferred with another carrier. Primerica will never be competitive with Female rates as long as they use their unisex rating. And they usually are not even in the ballpark when it comes to smokers. : : : Thanks for your responses. I kind of figured that was going to be the answer. I've been out of the insurance biz for about 4 years. When I left PFS, I too learned much about the real world of insurance & investments, so the 100% term-only philosophy I cannot agree with. From what I gathered, it seemed to me that their attitude has changed to "Term is usually the best product for Middle America". : : How they could say otherwise when they sell Travelers annuities and are part of Citigroup still is amazing. : : Now, since Middle America is still probably 70% of the insurance market, the question that I had was.. Could PFS make sense since Middle America is my market? I just don't think that I could fit in knowing that I could provide a more suitable product than term in some situations. : : Any insurance product, sold properly, to the right market and for the right reasons is the best product. You can't always be the "cheapest" product on the market. But you are being paid for the right solution. : : Speaking of price. Can anyone compare Primerica's rates for me (since they do not publish their rates). I'd like to compare against some of the other term insurance products. If they are too far off the mark, that's no good. : : How about these scenerios: : : Male, age 40, 20YR Level term, Preferred (not Super-preferred, etc...), $500,000 : : Male, age 30, 20YR Level term, standard, $300,000 : : Female, age 35, 20YR Level Term, smoker, $250,000 : : Thanks

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