Primerica Facts
What is our mission statement?
buy term invest the difference
What type of insurance do we sell?
Term
Should you rely on Group life insurance?
No
How many training observations should you be going on?
15
What year was our company born?
1977
What riders do we have?
Child, IBR, Terminal illness
What is the difference between term and whole life?
you have to re qualify once your contract ends, whole life has a cash value attached
What is a qualified appointment?
Married, Kids, Working income
Who is our founder?
Art Williams
What is our longest term length?
35
What happens after a traditional term policy ends?
You have to re qualify medicaly
What does BBB stand for?
Better Business Buero
When did we go public as a company?
2010
How fast do we pay death claims?
2 weeks
What percentage of Group policies are typically paid out?
10%
What is the 3 step foundation of the financial house?
3-6 months, Wills, Life insurance
Why do we buy term & invest the difference?
life insurance for short term, invest for long term.
Whats the percentage you can pull from death claim for terminal illness?
What is an IUL?
A cash value life insurance marketed as an investment. Annual renewable term, the cost of insurance will supersede the premium by using the cash value.
What is the wrong type pf life insurance in the financial house?
Burial Policy