Primerica

Archive for the ‘Primerica’ Category

Oct

12.17

Having a baby these days carries a steep price tag. Economists estimate a middle class family will spend between $12,350 and $13,900 annually – or $233,610 from birth through age 17 – on child-rearing expenses.1

Lower income families are expected to spend $174,690, and families with higher incomes are expected to spend $372,210 from birth through age 17. Of those costs, families are projected to spend 29% on housing, 18% on food, 16% on child care and education, 15% on transportation, 9% on healthcare, 7% on miscellaneous items, and 6% on clothing.

With a little forethought and planning, however, you can avoid being blindsided by child-rearing costs and instead focus on the immeasurable joy of becoming a new parent. Here are some tips to help you become financially prepared:

  • Hike up your emergency fund savings. Start putting a little more into your emergency fund and you’ll be glad you did when an emergency arises. Experts say you should have three to six months’ worth of living expenses stashed away in an emergency fund. A good rule of thumb is the bigger your family gets, the bigger that fund should be. Remember to pay yourself first.
  • Pay off or pay down debt. With the added expenses that a new child brings, paying interest on credit card debt should definitely not be a household budget item. Paying off existing debt and not accruing new debt is a wise financial move. One way to pay off existing debt is by using the debt stacking method.
  • Start a college fund. Start saving for college before your baby arrives and you’ll have 17 years to work towards that goal. If your child doesn’t go to college, you can always move those savings somewhere else.
  • Consider protecting yourself. Do you have a will? Life insurance? These are a couple of things that become increasingly important once there are children in the picture.

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1 USDA.gov, “Families Projected to Spend an Average of $233,601 Raising a Child Born in 2015,” January 9. 2017


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Posted in Primerica |

Oct

05.17

Mike & Stephanie Tuttle
Frisco, TX

Primerica Senior National Sales Director Mike & Stephanie Tuttle have a unique way of giving back to their community of Lindale, TX. In the spirit of the storybook legend of the masked defender of the common people, Mike Tuttle dresses up like Zorro, mounts his black stallion, Diablo, and rides around town spreading cheer.

“The bank saves their $1 gold coins for me,” says Mike. “I fill my saddle bags and I joke that I rob from the bad people and give to the good people. “

Whether they’re handing out $1 gold coins or rodeo tickets with a hot dog and a Coke to underprivileged kids, or sweetening the pot for Bingo winners at nursing homes, “Zorro” and his trusty sidekick, “Mrs. Zorro,” have found special ways to use the character to be charitable for the past 10 years.

Plus, they have a good time doing it.

“It’s just fun,” says Mike. “How many times do you see someone riding a black stallion giving out money these days? I’ve seen people literally crying because they’ve never been to a rodeo before. They can’t believe it.”

In addition to dressing up like Zorro and Mrs. Zorro, and Santa and Mrs. Claus during the holiday season, the Tuttles make frequent trips to Mexico, where they fund personal philanthropic projects – like surgeries and therapies – to complete strangers who need them.

“After you put in the hard word required to become successful, you can reach a life of significance,” says Mike. “That’s when you can play Zorro and Santa and give back to kids.”

 

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Posted in Primerica |

Sep

27.17

From September 7 -9, 2017, approximately 200 of Primerica Canada’s top movers and shakers met at the Sheraton Centre Hotel in downtown Toronto for the 31st Canadian Leadership Council (CLC) Annual Meeting. Attendees met to share ideas and hear from company and partner company leaders, discuss market trends and trade business-building strategies.

Check out pictures from the 2017 CLC Annual Meeting here.

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Posted in Primerica |

Sep

25.17

A.M. Best has affirmed the financial strength rating of A+ (Superior) of Primerica Life Insurance Company, Inc., and its affiliates.

“Primerica Life’s ratings recognize its status as one of the largest writers of term life insurance in the United States, with its continued strong market position attributable to its dedicated distribution affiliate, Primerica Financial Services, Inc.,” the release states. “This integrated distribution and operating platform included approximately 117,000 life agents at the end of 2016. Primerica Life’s business profile in the United States and Canada is further reinforced by its experienced management team, which successfully built and supports its sizable sales force.”

Go here to read the full press release.

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Posted in Primerica |

Sep

20.17

Since 2012, Primerica Home Office employees have voted annually for a local nonprofit they feel is most deserving of a $10,000 grant from The Primerica Foundation. The five nonprofits that will be awarded grants this year are:

Mission: Dedicated to conquering childhood cancer through funding targeted research and supporting patients and their families.

Mission: To eliminate Alzheimer’s through advancement of research; to provide and enhance care and support for all affected; and to reduce the risk of dementia through the promotion of brain health.

Mission: To provide comfort and encouragement through animal-assisted support to individuals affected by crises and disasters.

Mission: Serving our neighbors in need… transforming lives and communities in response to Christ’s call. Vision to become Georgia’s most respected Servant Leader – Restoring lives one person and one community at a time.

Mission: Dedicated to preventing teen suicide by improving the lives and the ‘Will To Live’ of teenagers everywhere through education about mental health and encouraging them to recognize the love and hope that exists in each other.

The Primerica Foundation has awarded $280,000 to Employee Choice sourced grants from 2012 to 2016.

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