Subject: Re: Re: Re: Primerica Debate

Comments:
: : If I remember the saying correctly "When you point the finger at someone else, there are three fingers pointing back at you." : : For the more dense among us; people who try to convince anyone of anything by pointing the finger at some various and assorted "bad guy" usually have a whole lot to hide themselves. : : : : : : I joined Primerica a few months ago and I am convinced. Everything the agents at Primerica have told me seems all quite well and good, but what really makes me realize how consumer-friendly and powerful a business concept Primerica has is the vehement and often incoherent attacks on the company's integrity by characters such as Ken Young. I don't see one other insurance company that has caused such a stir. It seems that in this world, the more noble and principled the intention, the more fierce (and desperate) the opposition. : : : Primerica really makes the concept of life insurance something that is easily understandable to customers, which is a threat to the complex concepts and confusing documents that traditional companies use to misinform their customers. Primerica also concentrates on logical concepts such as "buy term and invest the difference" and "the theory of decreasing responsibility" where as others often use scare tactics and misleading statements such as "savings vehicle" or "retirement fund" to sell policies at ages and in situations that will not benefit the customer. : : : I am truely saddened that people often pass up possibly the best opportunity (both for life insurance and/or career change) that they have ever had because they were discouraged by people like Ken Young and others. The "anti-Primerica" crowd needs to realize that the one sale they lost to Primerica 15 years ago is not worth a life of pointless anger and unjustifed revenge. If they would have invested those years in Primerica, they would have been millionares by now. : : : It is my hope that those who read the messages on this board would understand that the strong views held on both sides of the "Primerica debate" are there because Primerica is revolutionary and good. It is because it's becoming stronger, not weaker. It is because more people are realizing the value of Primerica's products, not less. If Primerica was slowly (or quickly) failing, it would face no opposition, because it's opponents would know it was on the road to failure, and not waste the effort to oppose it. Instead, Primerica is succeeding, so much so that it is creating shockwaves throughout the life insurance industry. If that is understood, it can be seen that the very fact that a debate does rage (over Primerica) means that Primerica has already showed it value, and won. : : I am completely impressed that you were able to obtain a substanial level of financial planning knowledge in just a few months, based solely on the information of just one company. : Regardless of how much rhethoric you've seen you must know that there is an equal amount for both points of view. Is that to suggest that whole life insurance is a good deal? Never. Universal life? Not the way most agents attempt to sell it. But if pruchased correctly (which I won't discuss here to educate competition) it can be a valuable asset when used properly and sold under the right premise. : That's not to say Buy term and Invest teh Difference is wrong, it's not, but there is one equation left out of the picture at PFS and other copy cats that know little about real financial planning. : : Ultimately if you are new to PFS and want to buy term and invest the difference, why wouldn't you do it (buy your term) with an A++ company (AAA -Standard & Poors) for about 50% less than the cost at PFS? : If you want to suggest SMART loans are the reasons, then what happens if you are forced to move (job trandfer... let's say) then it cost the consumer money. : Financial planning is not a "One trick Pony" and one company does not have every consumers solutions. As a result there is a need for a variety of products. : Food for thought: : Before you say that PFS sells more insurance (internal consumption) and all the other companies are wrong, then you should compare it PFS to all of the rest of the industry as a whole (just term life)see which consumers prefer more before you hang your hat?

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