Subject: Re: Re: Re: Re: IS PRIMERICA WHAT YOU REALLY WANT ?

Comments:
: : Why single out Primerica? Because they took the mantel of A.W. Williams which encouraged America to buy term and invest the differance. However the term products are so cost inflated that many would have little left over to invest. So is there a company that is refecting the origens and philosiphy of A.L. Williams. YES! Are there many such companies NO! only ONE! And it is not Primerica. Take a look and compare at the top of the site. And click the button HBW/PRIMERICA. : John, : First let me declare for the record that I'm not on either side of this Primerica/HBW debate. : I agree with you on all the points that you make about Primerica, but if you’re going to explain why you “singled them out,” you best be honest with everyone and tell them that you singled them out because they are your primary source of competition when it comes to new recruits for HBW. Otherwise, your logical arguments against Primerica just end becoming another one of those boring anti-Primerica spam discussions. For example, what does the fact that Primerica “took the mantel of A.L. Williams” agents have to do with anything? So what if Primerica uses the strategy of buy term and invest the difference. Sometimes buying term and investing the difference IS the right thing to do; sometimes it IS NOT the right thing to do, which should be determined based upon the needs of your client and the suitability of the product(s). But again, I will concede that those Primerica policies I have seen have been over-priced (and I haven’t seen them all, so please don’t start an argument about this one policy you sold that was cheaper than XYZ Company’s policy). : I also wanted to ask you about something John. Since I am completely unfamiliar with HBW, I’m curious about why HBW does not restricting outside business activities? To my knowledge, HBW is both an insurance agency and a broker-dealer. If I were a regulator, I can tell you that I’d be very concerned to read that HBW does not restrict outside business activity. In other words, HBW could potentially be sponsoring someone as a one of their registered representatives while that rep is out selling clients illegal products/services and since there is no internal oversight by the company, that rep will just get away with it for a good long time. Not to say this is surely the case, but it does definitely raise a concern in my mind. : The other main concern I have is that it is not required to be full-time at the upper levels. Actually, I could careless about what level we’re talking about, because it is my understanding that HBW touts itself as a company that products financial planning agents rather than insurance salespeople. I personally don’t see how you can truly do financial planning on a part-time basis without doing a disservice to your clients. Financial planning is not meant to be a part-time gig, pushing insurance however is definitely a potential part-time job. : Anyways, those were some of my initial thoughts for other readers to consider. Again for the record, I don’t endorse either company (or even going the MLM route). Reply to these comments if you wish John, but please do so for informational purposes only—I’m not interested in being one of your new recruits. Thank you.

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