Subject: Re: Re: Re: Re: Re: Primerica Debate

Comments:
: : Hey Steve. I know I'm late to the game here, but let me put my 2 cents in. There are at least 8 A++ rated carriers with premiums less expensive than Primerica and more than 20 if you drop the rating down to A+, which is still considered Superior. That was just on a 40-year old male, 20-year term with $250,000 of coverage. The cheapest being Banner Life (A++ -$220 a year and Primericas Custom Protection Series IV was $345). Primerica's is about 57% more expensive than Banner. Should we even discuss rates for females? Same plan as above - Banner Life - $185, Primerica - $345. That makes Primerica's 86% more expensive. WOW! : Primericas Custom Protection Series IV-- never even heard of this. Probably a tobacco rate, or for someone with other serious medical problems or hazards. This may even be a whole life policy that Primerica is required by law to convert to on the client's request. Additionally, if Primericas Custom Protection Series IV's is term, it is 30 year term. I'm sure you compared it with banner's premium rate, on 20 yr term. Nice try there. Additionally, if you didnt' get your ratings off of www.weissratings.com, they are not accurate. refer here: http://www.100insurers.com/company_ratings.htm : Quoted from this article-- "Almost every third party rating agency is paid by the insurance companies they are grading. Weiss Ratings Inc., is the only service that does not accept money directly from insurers. They admit: : "Unlike other rating agencies, we accept no compensation from the companies we rate. Nor do we give the companies the opportunity to preview the ratings or suppress their publication if theyre unfavorable, as most other rating agencies do." : Would you pay someone to give you a low rating, for both your current and potential customers to see? : Even if the blatant conflict of interest weren't there, a financial rating is like a picture of a business's bank account. If you were thinking about doing business with someone, you would not ask for their bank records. " : : So you are wrong about misrepresenting the product. But since that was brought up, how many of you Primerica reps tell the client that your 30-year term isn't guaranteed for the full 30-years? : None, because it is guaranteed. : :When this product first came out last year, there were reps talking about Primerica now having the least expensive 30-year term on the market. : Well, those reps were wrong. : :What a lie. But I'm sure you disclose everything. : You didn't seem to care that Primericas Custom Protection Series IV is not for the same type of client as Banner's Premium coverage. I think you are the dishonest one here. : :It's always those other reps that don't do it. All 99,999+ of them. You put alot of assumption into your statement below. : : Oh, by the way, I just replaced 2 Primerica term policies that are 8 years old with new 20 year level term plans and increased the husbands coverage by $105,000 and the wife's by $48,000 for about $10 less per month. So I extended their coverage for an additional 20-years, gave them $153,000 more coverage and lowered their premiums. I must say though, it was with an A+ rated carrier and not A++. Shame on me. I really had to twist their arm on that one. NOT!!! : Considering that their terms were 30 years, you actually shortened their coverage by 2 years. Of course, the price of a 20 year level term policy is going to be less than that of a 30 year policy. : More than anyone else I have seen so far on this messageboard, you seem to determined to play the numbers in your favor, without regard to ethics or integrity. If you feel that I am incorrect, please make your future posts with more complete information on what you are trying to illustrate. Of course if I am correct, feel free to prove it by responding to this post with anger, resentment, and more funny numbers. : : : 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?

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