Schmitts Fly High in Primerica
Ron & Maryellen Schmitt, Sr.
New Rochelle, NY
Former Occupation: Airline Pilot
When Ron & Maryellen Schmitt, Sr., of New Rochelle, NY, first heard about Primerica, they were most impressed with the simple financial concepts presented during their Opportunity meeting. “The main thing we took away from that meeting was the ‘Rule of 72’ – which states that by dividing 72 by the annual rate of return of an investment, you can get a fairly accurate estimate of how many years it will take for the initial investment to double,” explains Ron.
“That simple idea blew me away,” he adds. “It really surprised me, coming to realize that I didn’t know the basics of how money works.”
Ron says he was already impressed with the financial education and Primerica’s commitment to term life insurance, so when he was offered the opportunity to build his own Primerica business – doing the same things for families that he had just experienced – he jumped at the chance. “At the time, I was feeling very betrayed by my employer,” recalls Ron. “As a pilot, the airline wasn’t living up to the promises they’d made me or the other employees. In fact, I had just taken a 40% pay cut. I’d been there for 24 years but after that, I’d had enough. Primerica came along at exactly the right time for us.”
Once they got into the business, Ron and Maryellen began working with their son and daughter in law, Ron and Felicia Schmitt, Jr., building side by side. “Unlike the corporate world, Primerica gave us the opportunity to work together and to do something great,” explains Ron Sr. “Primerica is the perfect place where the whole family can be involved. You don’t need any special degrees, extraordinary talents or a lot of start up money. Here, you can learn together, grow together and become an incredible force for good in your community.”
Working together as a family, each building separate businesses within the same organization, has been one of Ron’s and Maryellen’s greatest joys. “When Ron and Felicia became Primerica Million-Dollar* earners, our greatest thrill was to present them with their Rings,” smiles Ron. “We were so proud of what they achieved with just a little bit of guidance from Maryellen and myself and with our full support as they built their business.”
For more information on how you can create your own Primerica family business, contact your local Primerica representative.
*The cash flows stated are not intended to demonstrate the earnings of typical RVPs/representatives. Rather, the cash flows that have been cited reflect the potential that comes with building your business, and there is no guarantee that you will achieve any specific cash flow level. Most RVPs/representatives do not achieve the levels illustrated. In the 12‑month period ending in December 2010, Primerica paid a total of $503,115,928 in compensation to the sales force at an average of $5,296 per licensed representative. Average RVP earnings are typically higher. Actual gross cash flow is, among other factors, dependent upon the size and scale of a representative’s organization, the number of sales and the override spread on each sale, and the ability and efforts of you and your downlines. Having said this, Primerica provides a tremendous opportunity for individuals who work hard and who desire to develop a business with strong income potential.