For more than 32 years, Primerica has advocated its philosophy of “Buy term and invest the difference.” As for the rest of the life insurance industry, they just keep changing their approach to the marketplace by creating and re-inventing life insurance policies that don’t work.
- In the 1970s, other life insurance companies were selling Whole Life insurance.
- In the 1980s, Universal life insurance was created.
- In the 1990s, Variable Universal Life was created.
- In the 2000s, Return of Premium Term Insurance was created …
- … and now they are going back to selling whole life insurance again.
Would you put your financial future in the hands of a company lacking a clear direction?
Three decades. One timeless principle. We stand for something!
Primerica has always believed families need affordable protection for today and control over building wealth for tomorrow. Our “Buy Term and Invest the Difference” approach to personal finance puts families in position to achieve their goals in life. We’ve never had to change our approach in the marketplace … because it works!
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Great News!!!!
I am an RVP down in Florida and have recently had multiple appointments where families were spending hundreds of dollars a month for variable life insurance as well as whole life insurance…we doubled their protection and cut their cost by a third! Simply put…our philosophy has stood the test of time and cannot be beaten!
What about the tax benefits of whole life insurance? What happens if that person reaches 65 and is not self-insured? What if a family just wants to leave a ton of money to their family or charity tax free? Are there any instances when permanent insurance makes sense?
Buy Term and Invest the Difference NEVER works. Period.
I would encourage every Primerica rep to go to http://www.leapsystems.com for the truth.
What do you say to someone at 65 whose term is gone and his investments have not performed as expected. Basically the person has nothing after you factor in wealth eroding factors of taxation and inflation.
In Buy term and Invest the difference NOTHING is guaranteed.
Whole Life Insurance is Guaranteed to grow. Investments are not.
Kevin that is a weak statement for proving that phylosophy really works through time. Buying term and investing the difference can be a good thing, but the biggest hang-up is that most people don’t invest the difference. A 2nd problem can arise if things don’t work out 10-20 years down the road and you’re wealth hasn’t grown to replace the insurance. What if you’re un-insurable at that point? Now you’re insurance is gone and your wealth is insufficient to replace your income.
Risky, that’s my feeling. In a perfect world the strategy works perfect every time. We just don’t live in that world and too many unexpected events can destroy it; of course this can destroy almost any plan.
You have to have a strategy that is very flexible and proven with the longest track record.