Primerica Basics
The ticker symbol for Primerica.
Ticker Symbol: PRI
Primerica sells this type of Life Insurance only.
Term
Monthly payment that keeps life insurance active.
Premium
Name one main way that a life insurance rep would calculate the death benefit need for a new policy.
DIME, Income multiple
Mission statement for Primerica.
To help families become properly protected, debt free, and financially independent.
The main purpose of life insurance is.
To replace income for your family if you pass away.
The person who receives money from the insurance company if the insured dies.
Beneficiary
What are the 3 biggest factors that affect life insurance premiums?
Gender, Age, and Health
The year Primerica was founded.
1977
The difference between whole life insurance and term insurance is.
Whole life covers you for your entire life and has a cash value. Term insurance covers you for a period of time and has no cash value.
The money that is paid to the insured's beneficiary if the insured passes away.
Death Benefit
Someone that uses this will automatically have their premiums doubled.
Nicotine
The founder of Primerica.
Art Williams
The shortest Term Primerica offers is.
10 years
The 2 year period at the beginning of a Primerica life insurance policy that allows the company to investigate claims and the accuracy of the information provided by the insured.
Contestability period
The best time to get life insurance.
Now, because premiums are the lowest when you are young and healthy.
Primerica is listed on this exchange.
NYSE
The longest term Primerica offers is.
35 years
This is attached to a policy to give the policy an additional function.
Ryder
Someone needs a _____ exam before their premium is guaranteed to be a certain amount.
Medical