Primerica Basics
Primerica operates in these 4 countries/territories.
What are the US, Canada, Puerto Rico, & Guam?
Primerica's loan program partners with this bank to provide mortgages and personal loans.
What is Rocket Mortgage?
(Also SpringEQ)
This is another term that can be used interchangably with Life Insurance.
What is Income Protection?
This financial concept shows the power of compound interest when saving money for retirement or other needs.
What is the Rule of 72?
Doing this while getting licensed will earn you your District Rep Promotion.
What is 3x3000?
These 5 promotion levels must be obtained before reaching RVP. (In order please)
What are Rep, Senior Rep, District Leader, Division Leader, & Regional Leader?
This online platform is where clients can log in to see their investment account details and perform certain actions like withdrawals or contributions, etc.
Our term life insurance policies can be renewed annually after the initial term up to this age.
What is age 95?
This financial concept shows you how much money you have to accumulate through saving and investing to one day live the quality of life you want without working anymore.
This theory explains how your need for life insurance peaks along with your family responsibilities: you have a greater need for life insurance when you're younger with kids, a mortgage, etc. and that need is greatly reduced when you are older.
What is the Theory of Decreasing Responsibility?
This is the year that the next scheduled Primerica Convention is set to occur.
This low cost and easy to manage plan allows small businesses to provide a retirement savings plan to their employees.
What is a SIMPLE IRA?
Our Term Life Insurance premiums are based on these 4 primary underwriting factors.
What are age, health, term length & coverage amount?
These are the 3 positions we describe to M&B guests when discussing work options.
What are Part Time, Full Time, & Managing Partners?
This script is intended for people that care about you and would be willing to help you with your training, and you use it to invite them to a KT or Launch Party.
What is FETHOR?
This Primerica Product has the tagline: "Peace of Mind Starts Here". Once a client obtains this product, there is a chance that they could then save money on their home owners insurance.
What is Vivint?
This life insurance option should be used if the client's age is likely to change between the time that the application is submitted and when the policy will likely be issued.
What is Backdate to Save Age?
During the real-world examples of the Rule of 72, these are the 2 interest rates we use to show how a slightly higher interest rate can significantly effect growth over time.
What are 7% and 9%?
This form will need to be filled out by any new recruit that answered "yes" to any of the qualification questions on their IBA.
What is the Special Registration Review? (SRR)
Primerica’s founder, Art Williams, began his crusade for term life insurance after a family tragedy involving this relative.
Who was his father?
A client can get a short-term insurance policy for a trade show, wedding, or other similar events called Special Event Coverage through this Primerica partner.
What is Answer Financial?
This automatic benefit provides annual increases in coverage without having to provide evidence of insurability.
What is the Increasing Benefit Rider? (IBR)
Near the end of an M&B, we share the slide showing this diagram with 4 ways to earn income (employee, self-employed, business owner, & investor).
What is the Cash Flow Quadrant?
This phrase is known as our "Champions Creed" which we recite outloud in Saturday trainings.
What is I am not judged by the number of times I fail, but by the number of times I succeed. And the number of times I succeed, is in direct proportion to the number of times I can fail and keep trying.