Insurance Basic
The person (or entity) to whom the proceeds of a life insurance policy are payable when the insured dies.
Beneficiary
First action to do to bank first money of the BONUS.
Register/Login to POL
The highest term in Primerica and the industry.
35 years
Least talked about promotion.
Senior Representative
The number of meetings you usually have to complete to become a field trainer.
2
Periodic payment required to keep a life insurance policy in force.
Premium
Basic instrument used to bank money.
1 X 1
Automatic 10% increases in the face amount of your coverage that is used to battle inflation.
IBR
Total licenses you and downlines need to get promoted to Division.
4
3 X 3,000 w/o a license.
Sprint to District
Additional insurance coverage attached to the base of the policy.
Rider
The maximum amount of days you have before the bonus times expire.
90 days
The (4) price breaks/discount amounts.
$150K, $250K, $500K, $750
Promotion we refer to that can be a trap spot.
Division Leader
Position you have to be, to become a field trainer.
District Leader
The period of time during which an insurer may contest a claim on a policy because of misleading or incomplete information furnished with the application.
Contestibility Period
To make sure your bonus banked amount is not cut in half, what would you need to do.
Finish prelicensing within 60 days
The primary insured dies, then all the children covered by the child rider receives paid up policies until the age of 25.
Child Paid Up Benefit
The position in the base that can only be appointed by the RVP.
Field Trainer
GOAL in field training process with new person.
LPP/$1000 minimum in 1st month
A specified period of time in which the insured can keep the policy for review and, if then decides to return the policy, a full refund is given.
Free Look Period
Reason why FTB would decrease.
Premium Reversals/First Payment Not Received
Benefit that allows you to get 70% vs 40% advance of the face amount because you’re terminally ill.
Waiver of Premium
The promotion percentage for Senior Regional.
80%
July and August recruit PFSU completion for new recruits gets you.
$150