Not every company is the right fit for everyone just like not every product is the right product for everyone. Here is my two cents worth.
Why recruiting? Recruiting is an essential part of growing a business. You need a host, cooks and servers, etc… Without them, you probably wont survive. The point is to eventually have others run your business while you earn passive income.
Why friends and family first? Friends and family will be the first to help in spreading the word about your new venture. They may even benefit from what you may have to offer. Going back to the restaurant, before you open it to the public you want your friends and family to come by and try your food first. Draw a triangle and at the very bottom start with the employee. Above the employee is the supervisor, then the manager, then the department head, etc… all the way up to the owner.
Then you have to take into account seniority. As a Primerica agent, your advancement depends on you and you alone. No other factors to consider like those of an employee at a job. The Company? Like many franchise restaurants, you could have great service one day and the next time a different server that makes your experience less than desirable. You just had a bad server. Unfortunately, one bad experience makes the whole company look bad. My mentor has been in the business of finances for over 28 years.
He's a straight shooter. Put your clients needs first and your pocket second is his motto. You have options. I was lucky to land where I did. Hi, I'm young and 22 and just looking for some insight. I joined primerica and got life licensed and securities licensed. I am not a fan of the emphasis on recruitment and on farming my loved ones friends and family for sales and leads. I am essentially wondering two things: 1. If I do decide to leave the company, will my licenses be revoked such that I cannot use them when applying for other securities or Life insurance jobs?
I would hate for all that studying and money to be for nothing. I don't see long term success just asking those close around me.
I'm not sure about Canadian law, so it's hard to answer. There rarely are salary-based insurance sales jobs. Hi, So I was wondering what happened to this company in my area. About 10 years ago I was approached literally left and right and always declined. Thanks for the info and reassurance I made the right choice. I agree with everything I just read, but how do I get out? I've only been with them for 2 weeks and I am never really comfortable selling things to people.
I started working with Primerica about a month ago. I just got life licensed. My biggest problem with Primerica was, is, and will continue to be that they expect you to prospect your warm market. My family and friends are not the people who want to talk to me about their financial lives. Hello, I was recently approached by a recruiter offering 6 figures and a full benefits package, and a "set your own pace and schedule" type of employment. While researching the company I came across your article.
I was already apprehensive about joining due to the overhyped pitch he gave. My father always told me, "If it sounds too good to be true, it probably is. I will be declining the offer. Hello, as a Primerica agent I do appreciate your unbias report, however I believe you are not telling the whole story.
We are a company of many things, just not life insurance. You can't compare apples to oranges. Primerica was built by a highschool coach, Art Williams, who got ticked off because his parents got taken advantage of by an insurance agent selling a product that wasn't fit.
Our concept "buy term invest the difference" is one of the best things me personally has come across. I will put our life insurance product and concepts up against any other insurance company that is out there. Besides life insurance we offer many other services and products that other insurance companies do not. I think thats what makes us so great, diversity. Many people who come in the business complain of how this company is run.
Everyone has a chance to make something of themselves, and what I have found over the years is most people think this a get rich quick type thing and when they have to put in a lot of work they start to bad mouth the company.
You definitely have to put in the work to get results. I don't understand why people bad mouth a company when they didn't even try.
With that said I think we have the best business opportunity available in the world for anyone who isn't afraid of work and who understands how a business works. Thanks Mike, I appreciate your comments.
Every agent should read Art Williams' book "Coach! Excellent article! I enjoyed being an agent, however I was put off by the aggressiveness of my up line. I allowed my credentials to expire, I wish I had not done that because I find it crucial for everyone, especially the African American community.
I am working on recertification! Keep sharing valuable information. Each one, teach one. What do these companies know that you do not? Thanks for your article! I was recently approached to join Primerica. The approach was a bit unscrupulous. An acquaintance on IG sent me a message saying she thought she was me on a call to start a home business.
When I expressed interest, she asked if she could get my feedback on a video. I knew it was a video about the business, but I thought she wanted my opinion on whether she should join.
Little did I know that I was being recruited. The first red flag: I got a call from a man that said he was her trainer, but I had to reschedule. So were set to talk the next day. The next day, it was a woman there as the trainer. What happened to the man? I was expecting a discussion about the products, but I was shown a graphic that contained a list of agencies under Primerica. Second red flag: The graphic listed companies that we had to work with.
One of those listed is AXA. I had a very bad experience with AXA, and would not switch to them again. I can't trust any company that works with AXA.
Even further, the IBA agreement states that we can only sell Primerica products. Fair enough, the companies needs to make money. But if I'm independent, I should be be able to sell people whatever works best for them. The point in this article about being limited by products is spot on.
Third red flag: I asked about the training protocol. What systems am I being trained on, and how will I be able to help people? What information will I be learning. I was hoping to see a graphic outlining the training timeline, model, process, etc. Instead I received a very vague answer. Never in my life have I signed on to a training program without seeing a syllabus of what I will be learning. It didn't give me much to base my decision on. Even further, when I was sharing some of my insight about financial freedom, I get the sense that I wouldn't be learning anything new, so to say.
Fourth red flag: The trainer tried to get me to rush into signing using my SSN. I said, hold on, I have to read through this agreement first. She did give me time to read through, but I didn't feel settled in what I read. All in all, I don't think Primerica is a good fit for me.
The part about higher commission elsewhere does make me curious about working with another company. So tell me about your group, David. Hi Shawn! Thanks for the detailed reply. Thank you for such detailed information about Primerica.
I got introduced to Life insurance sale through Primerica recruitment process but have not sold or recruited anyone. I had close opportunities but my gut kept telling me something was not right and I have learned over the years to trust that feeling.
Some of the most costly plans actually work great for some patients and terrible for others, because of the individual needs. I am thankful for this confirmation. I have been vetting a company that I feel very good about but I am open to learning more about yours as well.
You are pretty accurate with the process, however, the interpretation of many who will read this will take it as a negative. I have been with Primerica for 17 years now. I was skeptical at first. I had a cash value policy and was saving money in a bank savings account. When I saw what they did for me, I decided to give it a try as a part time agent. I had no intentions on quitting my job as a police officer for 15 years. It was through a combination of recruiting and production.
I did it in 3 months. Today I am a Regional Vice President with 3 offices in 3 different states. Primerica has been great for me. I understand people want to do research. I understand people are skeptical. My 2 cents is Primerica is a great company to start with. I am newly licensed and just getting ready to start selling final expense.
I have looked at many opportunities to sell insurance and David's agency makes the most sense by far. James Young 08 Nov 21 One of the better places for agents to work. Two thumbs up, cant complain Gurdip Singh 07 Nov 21 This is an excellent agency to partner with. The training is exceptional and you have access to all the tools you need to be successful. Fred Palffy 27 Oct 21 Duford Insurance group is such a great mentorship program. David shares very relevant knowledge and expertise every week on his training calls.
He Displays positivity and enthusiasm always. David doesn't shy away from providing honest and constructive feedback. He has great listening skills and is always willing to go above and beyond to got you answers via email etc. You can also schedule calls with him as well when you are feeling stuck. I so appreciate what I've learned from him and his training has made me a more confident agent in the field.
Look no further! Valora Mattison 26 Oct 21 This is a great agency to work for. You won't be disappointed. Great training and support. Shronda Birch 25 Oct 21 I have the honor and pleasure of working with David Duford since to present. This has been possible since teaming up with my Mentor David Duford. If you are looking for a real mentor that will help you to become a top producer then look no further and book an appointment to talk to him and see if you are a fit to joining his Agency.
You will not regret your decision. They are very responsive. I get emails about how to improve my business or how they can add value to my business. Their youtube and intenal video content is amazing. Most other IMO's email me their incentive trip details and try to push my production to them. There is no shortage of IMO's in the final expense space. His focus on finding the best value and solution for the client. That makes it easy to build a business for long term Tunc Tanin 24 Oct 21 Duford Insurance Group has excellent training, resources, carrier selection to assist the Agent in succeeding.
David Duford is wonderful as is his upline Thomas Franklin 23 Oct 21 I like all the training we have access to. Plus the live training weekly. Melissa Schoenung 23 Oct 21 Working with David Duford is simple and "no contracts", vested in your production day one! I did have a few years experience prior to going Independent, but his training and tools, and updates on marketing, helps any agent.
It's all remote, but that is the way business works now in recruiting. Michael Lewis 23 Oct 21 David has a wealth of information. Very helpful for me.
Jerry Trost 22 Oct 21 Kurt Foulds 22 Oct 21 I have worked with other agencies in the past almost leaving the industry all together for lack of support and training. David Duford is the most transparent agency owner I have ever met. His trainings are the best I have ever experienced. After working with David, I am excited again about the industry and my new skillsets. Highly recommend his agency especially for new agents.
He tells it like it is and doesn't sugar coat anything. He offers great training and insight and has been very helpful to me and others in getting our businesses headed in the right direction. Mike Luna 22 Oct 21 I can't imagine there is a better agency to work with whether you are a seasoned agent or new to the insurance business.
I would highly recommend the Duford Insurance Group to further your insurance career. Craig Barnes 22 Oct 21 The Duford Insurance Group is a very professional agency with all the tools you need to be become a successful agent. He truly cares, which is a rare trait. If you are looking for a place where you can grow at a rapid rate, increase your bank account beyond your imagination, learn from an expert who is fun, loving, exciting and thoughtful, look no more.
David is an insurance expert and you will become one too, he provides everything you need from the best commission rates to the best insurance carriers especially if you want to do telephone sales from home, the best telephone and in home scripts he will teach you everything you need to say Word for Word to close the sale.
Tracy O. Johnson aka the insurance lady! His training is great. He is one of the few agency owners who takes personal interest in each and every one of his agents. I highly recommend working with Duford Insurance Group! Jo Nazario 05 Dec 19 the guy has integrity. Ric Craig 01 Oct 19 His expertise in final expense and mentor ship no nonsense approach to helping new agents Michael Dvorak 28 Mar 19 Training in Final Expense. As an insurance agent, and internet community leader to thousands of agents, I can appreciate how well David embodies a marketing model that consistently delivers a value first content approach.
This has truly earned the respect of myself, and thousands of other agents in this industry who have learned something from watching David. Ryan Saridakis 27 Sep 18 There are very few people in the industry with as much knowledge as Dave. AM Best is a global credit rating agency that is primarily focused on the insurance industry.
In the J. Power U. Life Insurance Study, Primerica was ranked 16th out of 24 life insurance companies based on several factors, including product offerings, pricing, customer interaction, and communication. Primerica was given a rating of , which is below the individual life insurance company average. Depending on where you live, you typically have a free look period of at least 10 days, though it may be longer in your state. During the free look period, you have a few days after receiving your policy to review the documents and cancel your plan if not satisfied.
Once the free look period expires, you can still cancel your Primerica insurance policy whenever you wish. To cancel, contact your sales representative or call When you cancel, ask for a confirmation email to be sent to you for your records. There is not an option if you are nonbinary or prefer not to answer.
You may find their application processes outdated and restrictive. For middle-income families looking for a basic term life insurance plan and in-person assistance, Primerica may be a good fit. And, you may be able to get a policy without getting a medical exam. For those who want more coverage and options, consider Transamerica.
Transamerica has eight different plans to choose from, including term, whole, and universal life policies. Transamerica also has more insurance riders available to customize your policy, such as an accelerated death benefit with nursing home care, accidental death benefit , and chronic illness accelerated death benefit. For families who are looking for basic life insurance plans who may have a friend or loved one who is a Primerica sales representative, Primerica could be a useful option.
You can get a simple term life insurance plan and potentially skip the medical exam. However, Primerica may be more expensive than its competitors. Our reviews of life insurance companies are based on a quantitative approach that analyzes each insurer on their stability and reliability, customer service, claims experience, diversity of product lines, and cost. We compare the terms of each type of policy offered—including available coverage amounts, optional riders, and premium payment options—with those of other major life insurance companies.
Lastly, we look at how the company is rated by third-party organizations to determine its reliability and overall reputation. National Association of Insurance Commissioners.
Business Wire. Power Finds. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Primerica ranks 20th out of 23 companies in J.
Life Insurance Study for overall customer satisfaction. Primerica offers additional financial products and services through its partners, such as auto and homeowners insurance. The company also offers investment accounts and other financial services, as well as prepaid legal and identity theft services provided by other companies. Before you start comparing companies, choose the type of life insurance you want, such as term or whole life.
Decide which life insurance riders , if any, you want the policy to include. Calculate how much life insurance you need and how long you want the coverage to last. When comparing rates, be sure the quotes are for the same amount of coverage over the same period of time. Price may not be the biggest driver behind your decision to buy. Look at the number of consumer complaints each company receives, as high numbers can be a red flag about the quality of service.
For more guidance, see our life insurance buying guide.
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