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In Reply to: Re: Deceptive Practices? posted by Enrique on February 26, 2004 at 22:53:31: ( One thing they never mention is investments, since we pretty much kick butt there. I mean between Smith Barney and the hundreds of other funds we offer, we pretty much dominate there. But of course, no one gives us credit for that, they just harp on the Life and the Loans. ) You know, I noticed this too. I know I'm preaching to the choir, but I realized two things about Primerica. 1) the reason we don't have the lowest rate for term insurance, is because other term companies sell term and cash value at the same time. A company that rips people off on cash value (i.e. generates a huge profit) can afford to give the few educated people really low cost term, at a loss. Whereas Primerica is fair to everyone, so to stay solvent, their rates have to be a bit higher. 2) On loans, our rate may be higher, but the actually interest paid is less, because our interest is calculated differently (simple interest). People critisizing our loans always seem to forget that. Anyhow. Thanks for the post :) and of course, for reading mine.
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