and a 40 year old female standard rating no childern, 250,000 death benefit each, State of California, 20 year term each and no riders. __________________ If he takes me from getting 4% or less, and shows me how to get 8 to 12%, that is value. This way we can see whose opinion counts in the end. -. product. Now, if you work for Allstate, Farmers and most of the other big groups, you do not own the clients. If you sell bad term policies you are right the term policies will go up increase, as you get older, unless you have a guaranteed term. By the way my lawyer and CPA has checked it out too, and they see no problems. Did you know my Grand kids think your and your posts are pathetic? Here are my carriers and I am free to add more as I need to. I feel I am much better off. And why would we. An annuity is the best way to make money off your client, the highest fees. I left because of all the reasons listed above multiple times. . And with all the products out there and the companies that are having so much problems, I like having my funds watched over by a professional. Tom, you said, Funny you have been doing this for months now. IF you want the easiest way to get mortgage appointed, it is $400. WebAt the corporate level, diversification occurs when the diversified company enters into business outside the scopeof the existing business units. They can either choose the mission or the commission. Since most policies are 20 to 35, what are the chance that the ROP will ever pay out? Both of your companies sell cash value. Whether it was too hard for you, the idea of helping family was too grueling because of your mindset or your baseshop is crappyby the way -> (if you are there for 6 months plus and no RVP is promoted, no growth is occuring or your RVP is stuck in the same income bracket for the past 2 or more years or not on the leaders bulletinsyour baseshop is a crappy one.) The only people that say it is good is the Life Insurance comapanies and the agents that sell it. But for someone wanting to create wealth and not sustain it, you do not use Fixed, but Variables. Tom as always you dont understand. If this were you and you had limited funds, whould you just get the PFS policy or shop? Since the money is supposed to be used for the family after their death, why would anyone want to short change their family? Yes, there are some rules like I must follow each carriers advertising rules and I must meet XYZ carriers requirements. Ive hired shy people who have been beaten down by society and have turned them into champions. Now it is there for the company so that they do not lose the business that they have paid you for. Now I would trade 5 sales for 50 any day of the week. ING, Life Specialty Carriers Final Expense But I will not educate you on what they do, since you failed to learn when you said you were with them, why should I try to educate you now. You need to get your terms right. You did do the 4 step program and visited the office? Another reason why thats an ignorant comment is because thats like saying I dont want to get my drivers license because then I have to follow the rules now or submit to the government. If it is any of those that sell cash value, the point is mute. Back in the 1960s, guess what? Meaning, if the RR gets in trouble the coverage is for the COMPANY, not the agent. This is not a 2 year deal or get rich quick opportunity even though few of our offices may be portraying that way. Does the agent wish to offer med sups? I would think you would understand the target marketing aspect of PFS. You spoke of recruiting new people? Its about options. Bob Lotich, CEPF is a Certified Educator in Personal Finance and has over 15+ years experience writing about Biblical personal finance and is the best-selling author of Simple Money, Rich Life and has been named a top 20 social influencer in personal finance. But if many people knew that they agent and bank was hiding info, packaging it deceptively, and families knew this would be the consequences, they would have said NO to the product. the last one I was at, for what they called a super Saturday, they had 500 plus agents and clients. You are sounding more and more fly by night. Tom please give me a history lesson on life insurance. They have a good business model, and the people (at the office I visitednot sure about the others) actually have a heart to help the struggling middle-class of America. I am curious since It is my free time, and if I keep you away one victim, then I can only pray it gets me in heaven sooner. No two year clause or 50 mile clause. Primerica agents also sell disability insurance, annuities, mutual funds and other financial products and services. Vaccinations, counseling to change high-risk behaviors, and sometimes chemoprevention are types of primary prevention. My schedule was just too busy. Accidental death and dismemberment is worthless, since it pays on 1 out 1,000 policies. Tom Unless you are typical and only cover what is good in your place. Why should I go into the the difference between Mutual Funds, Annuities and actively Managed accounts? It was part of the reason I dont email my agent since it needs to go through the Primerica Servers, and I do not chose to have a permanent record in there. We lost another salesperson to another company. You past customers from other jobs, and you family and friends. (Their words) They also say that anyone that sells it are either a. an idiot, or being a theif. NO they would have never bought either policy if I had not set an appointment with them and spent time trying to help them know what kind of coverage they need. Privacy In a terminal situation there may be other expenses especially if there are LTC cost without a LTC policy. Tom sems to think that Primerica agents have the clients best interest in mind when they offr a solution. NOt any company that suceeds. I ahve check them out. Hes says hes an educated consumer, so show us why would he choose Primerica life over AIG, Banner, West Coast Life or other term carriers that have: a) higher ratings than PFS non-captive and I offer my clients a choice. **Tom exactly where else would they get the rates from? As for being cheaper it has to be since it lacks value. Just like all those mortgage brokers who made millions on those people refinancing their homes. If you cannot laugh at yourself, then you must be really wound tight. The agent was removed by The State Insuracne Department, and the company he was trying to represent was fined a lot of money. The difference is what is included. You cant cover all your possible problems. Ide really like to take a look at the FNA you had done, maybe youre confusing it with your boys over at edward jones. He had exhausted all his sick and vacation leave. 35 year guaranteed term Michael I think you are way too kind, you actually posted info ealier that I knew people like Tom would just react by closing their eyes, plug their ears and yell lalalalala. When he is either speaking or typing. And since you do not have a team that helps you with over-rides, you need to think of yourself first, and client second. Costing them money in Bonuses. Again you bring up 35 years. The five security levels in the federal prison system are minimum, low, medium, high, and administrative. If their full-time job doesnt allow it how do they make it a year with PFS? Ive NEVER stated that Primerica was a better vehicle than the one you now use. Insurance 101. Primerica's insurance typically costs more than comparable financial products, does not have conversion options, and only applies to low-risk individuals. Since they make so much money converting they will keep at this. If its age 60 or 65, is the PFS policy guaranteed for the full 20 years? They help me in all ways. You only have one company to work with Citigroup why not allow you to use any company you want . Why would anyone suggest a fixed annuity to a person who needs to make money off his investments. If you follow the example in the book The Coach they will first lower commissions, and cut back in advances. __________________________________________________, Tom says: Giving up Legs, Training Sales: Let me ask you a simple question. Word of mouth advertising is the least expensive way to advertise., ****So why do the PFS products cost more if they dont place ads and market from referrals? Truth be told it is definitely not for everyone, but if it is a fit for YOU and your situationno one can assess that but YOU. Your posts remind me of the competition for my friends business. i used primerica to get my licenses, then switched to a different business model. If there is anyone in this forum doing a part time career with primerica, I would like you to share some of your experiences with primerica. A company that provides thousands of jobs to people who cant get them in other locations along with so many other positive things. Oh by the way, this is the James that posted on July 26, 2008 James @ 9:25 pm for the first time. Like most MLMs, they have ongoing legal issues and lawsuits. The FNA is nice but I have 3 fully customized software systems that generate FNAs that are not limited to PFS products only (Disability income analysis is needed). Where are they? and try to get those people to do the free analysis. I guess you do not understand basic government. PFS I do not like because you are captive. In fact, theories often integrate and generalize many hypotheses. Let me clarify your errors again. Tom is happy with PFS as a CLIENT as he states and I am happy with the companies I am with, end of story. You agree that this restriction is a fair and reasonable way to help protect the PFSHMIs customer base against unfair competition. Facts are important not what you tell me or write in this blog. Again You are wrong. We waited for 6 months to 18 months to get the money. Tom says: B As a licensed agent the agent owns their license. More money for PFS. I dont know what truth you have posted period.. How do you spell they? I mean Should I run to my Mommy and say that big bad James called me names, I mean I woudl say grow up, but I know that you will never mature. See it for yourself. Again XRL, I do hope you pay more attention to what your clients say, and send you. I have seen some giants go out of business in 10 years. 10, 12, 15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35 year terms! Since you have to be fulltime, you might have not been working the business. I want to have clients that need my services and are willing to work with me and fight me just to be the alpha male and beat their chests. Sounds like your friend got some bad advice on how to set it up. 2) The agent only gets paid on, and credit for, $1,500 of annual-premium on the TOTAL combined policy, not each one. I am sure your job will cover you and every person for ever right? Most financial rep positions will hire anyone with a proven sales backround and some personality. Well it may have dropped, but then again it goes up again. I am under no obligation to worship any company. Marketing. also, during the time you take your trainer to qualified appointments other people are going to see what your doing and want to join your business. I am curious do they need to get their commercial real estate license to hang on the wall. I have now came to the conclusion that one it is not a job opportunity, and two you are a saleman selling insurance in a box like tupperware. @Misty It only cost you $99.00 to get all that from Primerica. I was enjoying what I was doing and was finding some success and therefore decided to quit my job in February; the money I was making with PFS justified this move. You sound like the guys on all these websites. (Hence adviser.) You see, I really tell on myself, because I do not have to be afraid of any lawyers since I am not breaking any contractual agreements. They are not as good as the Free one, but I will cover this later. It was the reason why Citi wanted Travelers so badly. If that is your initials or if you are James or whomever. It sounds more and more like Tom is a chick. Every story I have heard is they are not explained these rules. Or have you not seen many hard working families lose their homes the last couple of years because reps have been selling so-called good quotes. Assisted living facilities typically come in several different forms including board and care homes, retirement homes, and group homes. Right now it is not taxable. He rumbles, rambles, rants. -, so yep.. that regional or rvp gets all that business and u thought u owned a business uh no but ur are a 1099 employee, This is an oxymoron. It only covers the life license, and not securities and auto and home and mortgage appiointment. Primerica is audited by the states to make sure its reps are licensed and are practicing good business. Remember Price only matters in the absence of Value. You can do it! Matter of fact I train sales people. Financial services is just that a service, there is no product handling so Primerica is one of the purest MLM opportunities. You need to read more books. Thankfully, it has gotten a lot of comments pointing out some of the pros and cons of primerica from insiders, those who left, and others who had been recruited. _________________________________________________-_, Tom says: No Office: Same thing as above. But I keep going back to the Value gap. They feel all excited b/c they are this business owner or soon to be business owner lol. think next, next, next. I bought into it hook line and sinker. Remember since independent agents are not employees or captive, the insurance companies are not held liable for their mis-representations. I do not work for Trane so I do not have to cater to Trane. But its happened how its happened and cool. I know you are ignoring it. The Child rider is $5 / month for $10k. Do you really want to pay a couple pennies less and get considerable less service? Less stress in their lives. Which would be better for my customers, one brand or many bands to choose from to meet my clients needs? Honestlyin my opinion, would I rather be one financial guy out there helping middle income America or have team of twenty? Professor Mcbragg? Let me ask you how youd hedge a portfolio against systematic risk. If the term policy isnt a ROP once they let it go, the clients gets nothing..Lets say a person who is age 60, gets a 20 guaranteed level year Term, at end of Term what are the options? Male: If I have a client who has a family history of health issues, of course im going to bring up the optin of a term conversion at end of term or at a later date if needed. As for weekly trainings if all you are concerned with is one term policy how much trainng is required? Its another James. If I was Micahels or James Clients, I would not walk but run and pull all my files from them. Not really on the map yet. Class for your license: 300.00+ I ahve been in sales, I am a sales trainer, and I am an owner of a sales force. See my post a while back. These are the friends with whom you share an emotional connection at a specific time in your life, says Shaw. (I do not want to give you a history lesson but I might have to if you continue with these stupid comparisions.) Cant get the adviser that is suppose to be helping you with your 40lK. WebThe matrix has a three-level structure that correlates with the Junior-Middle-Senior role distribution. For you, Oh my gosh, hes making money off this person and that one! type of people out there (love the internet).take a really good unbias look at how ALL FINANCIAL SERVICES companies work. It should be BDITOWIMS (Buy Term and Invest the Difference Only When It Makes Sense). You are actually signing up with them for a fee and the process starts. So you admit you have taken people from Primerica. . They cut 10 years and a couple hundred thousands dollars off their home loan. In Primerica, the OWNER is the POTENTIAL or out right RVP and the franchise is the RECRUIT. But the main reason I joined is because my husbands grandfather got robbed by two of the whole life insurance agency. Or it does not work out, or was not a good solution. Hell NO. IF you think it is perfectly logical to charge for something in a policy, and then charge someone for using what they already paid for, you definitely need to hide the hoods and masks from your clients. It is so nice you are concerned about being sold. Maybe that is why Primerica they will not sell it? I am stuck in the middle about whether or not to pursue a career with primerica. -, I have been long enough in this business to know fact from fiction. It is you pay for 7 to 10 years and get a letter saying you need to pay more or you will have no insurance. Thank you so much for FINALLY settling the issue. 4. And even though we live in the U.S.,the best economic system in the world. If you an insurance policy when you are young and healthy, you have several advantages. He never badmouthed you or your new career, and never said that what he was doing was any better than what you do. Given the information any PFS agent who looks at it with a clear mind can make a decsion thats in their best interest. They will be eventually closed since they do the same practises. They have the least worth for any good information. Over half of the companies selling insurance, in 1977, are gone. Telling them jsut the good points. Ranked #21 Primerica Life Insurance Company 419.23 a month. Williams was the in your face company due to the industry, well now PFS is on the defensive due to the competition for new agents. Most people in these blogs including the author want a free lunch and they would be the kind of people that wouldve questioned God the Almighty when He was trying to get the people to the promised land. What you are saying is converting it to Whole,Universal, You bet your life Insurance. I did not have anyone show me and remember I am an a/c repairman. First May Kay is Cosmetics. If you cant see it, then you are blind. Michael says he easily opened his own office. 1. You can be Rolled Back which means lose the promotions that you have received and the commission levels at your RVPs discretion . You can either do it right or easy, but never together. Working from your home reminds me of AMWAY. Some of these subjects are beyond PFS agents. If you are in some of the these professions, they allow them to work a year and then make a decision. Broken record again, if you concerned about your pocket book more that doing the right thing you are a failure. I read credible articles, polls, and surveys, and I am mentored by many self made wealthy people, who endured the uphill battle. Some general comments about other message boards. They are similar to cash value. What happens if (here is where I want to feel important) TIR or ADB (Terminally Illness Rider, or Accelerated Death Benefit) PFS is 40% or a max of 250K and must have 6 months or shorter to live. Other companies are in direct competitition for new green agents. I doubt you have done this since you do not even know that many of the Term Only insurance companies are owned and operated by Cash value companies. I am just defending a company that choses not to fight here. Crusades were not found CHEAPLY! We talk but then they find out who I work with in Primerica and then they get off the phone. Either one of two places, the company, or the client. As for your post about guaranteed premiums: Did you read the fine print. Could it be that the policies are not as good? Since every person I talked to at my last meeting I attended knew how they do it, because they have brought a securities licensed agent with them, watched what happened, and then learned, and knew what happened, I guess you must have been that guy they talked about. -. Every 2 years the price goes down. But the truth is the truth. Now, I know youre not saying that you could take down someone whos developed a $900,000 a year earner by stealing a little business from him? But the connection is what matters. As for personal attacks, they started with Michael. - Do you think that everyone knows how much it cost monthly to get in a mutual fund? Ive successfully work sales and can care less if someone rejects my services. It sounds like you just hate them since they are taking your clients away. What is wrong with showing a person on how to build a team so they can know what it takes to build a business of there own. Everyone can see that Tom is like that snake oil salesperson and provides us with a very nice dog and pony show. Additionally, refunds may be made when, in the sole discretion of Primerica, a request is timely submitted, in writing, explaining extenuating circumstances that may exist justifying a refund. I hope they help, especially as an insiders info. If you have any questions you can email me at investinginfamilies[at]yahoo.com. Furthermore, the timing of the best efforts obligation could result in the statute of limitations barring certain claims possessed by such institutional investors if they postpone action until after December 31, 2009. If you want to change whatever you want go ahead. What did you sales force make you? However, I can get tow individual policies are that STILL LESS EXPENSIVE that Primericas combined policy. If you were I would run not walk away and change everything you said. They must have been trying to follow the trend. You cannot lose. Tom, are you looking for a paycheck only? He does not have the power to influence anyone with his opinions with out facts. Alternatively, Tom himself has admitted that he does not even use his real name. Do you have your mortgage certification? I cannot apologize for him by I can apologize for me for getting off track. DOes he have to pay for all his licenses? More power to Citi putting PFS on the marketthe leadership is different and goals have been restructurednoone knows yet whats gonna happen but by no means would that EVER mean PFS is out of the picture. I am truly an independent, non-captive agent. My business was me. You can get help from Primerica. Plus all the benefits of opening a business, with its write offs. Theres no twisting going on. Lesson but I might have to cater to Trane whose opinion counts in the middle about whether or to! Funds, whould you just hate them since they make it a year then. 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