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Posted by Beaker on January 30, 2003 at 02:47:02:

In Reply to: Re: Re: Primerica Debate posted by Steve on January 25, 2003 at 20:02:33:

: Then what are you even doing answering to my message? If you term is so much better, why don't you go out there an sell it?? It's because your term is probably cheaper for one of four reasons. 1) It's provided by a company that is not financially secure, 2) It is annual renewable, with an initially lower premium that raises every year, causing your customers to actually pay more in total premium over the entire period, 3) It is decreasing term, which leaves your customer with very little coverage near the end of the term or 4) You are part of a scheme to sell customers low-cost term then use their confidence in you to make to try and convert them to a whole-life policy 6 months later.

: So what is it?

1) Wrong
2) Wrong
3) Wrong
4) Wrong

The reason it is usually much cheaper elsewhere is

1) Strong Financial stability
2) Much lower lapse rates (go ahead and check, Primerica freely admits this)

It is not a big secret. Go ask an actuary.



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