Re: Re: Primerica

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Posted by Jason Nicol (192.26.212.72) on June 22, 2003 at 21:50:21:

In Reply to: Re: Primerica posted by KEN YOUNG on June 20, 2003 at 20:21:14:

:Thanks for the info Ken. Can never have too much of that, I didn't realize just how far the hypocrosy went!

GOOD POST JASON. ONLY ONE ADDITION YOU DIDN'T MENTION.

: PRIMERICA WAS ORIGINALLY MILICO. MILICO WAS PART OF THE PENNDCORP CONGLOMORATE.

: WHEN SANDY WEILL PURCHASED THE AMERICAN CAN COMPANY THAT AT ONE TIME WAS KNOWN AS PENNCORP AND HE CHANGED THE NAME TO PRIMERICA, ALONG CAME THE OTHER FIVE OR SIX INSURANCE COMPANIES IN THE PENNCORP/AMERICAN CAN COMPANY DEAL.

: ONE OF THOSE COMPANIES WAS "TRANSPORT LIFE". IF MY MEMORY SERVES ME CORRECTLY TRANSPORT LIFE IS WAS BASED OUT OF FT. WORTH TEXAS.

: THEREFORE, THERE ARE MORE THAN TWO, SO YOU HAVE STATED LIFE INSURANCE COMPANIES SELLING CASH VALUE LIFE INSURANCE UNDER THE UMBRELLA OF CITIGROUP.

: NO REAL BIG DEAL, BUT I THOUGHT I WOULD PASS THE INFORMATION ON TO YOU.

: BY THE WAY, YOU WON'T FIND THAT INFORMATION IS LISTED IN STEVE'S BIZWATCH WEBSITE EITHER, BUT I FEEL THAT THE NEXT TIME HE UPDATES HIS WEBSITE HE WILL ADD MY INFORMATION TO IT.

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: : Know what the funny thing is in all this Primerica debate is? They never have, never will and can't give you the whole scenario to financial planning. This is because they don't have access to all relavant financial instrumnets. Therefore they can't give you the whole picture. No self respecting CFP would ever work for them. Whats even better is looking at the Citigroup umbrella. They own two companies with diametrically opposed points of view. They own Primerica which rails against Whole life and Universal life policies while Travellers life sell them with glee. The epitome of hypocrosy?




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