History Can Be a Great Teacher

While we always need to keep in mind that past performance is no guarantee of future results and no one can consistently time the market with accuracy, we can study the past and heed the wisdom of successful investors for guidance.

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* The S&P 500, which is an unmanaged group of securities, is considered to be representative of the stock market in general. Because these indices are not managed portfolios, there are no advisory fees, taxes or internal management expenses reflected in their performance. If these were included, the performance would be lower. An investor cannot invest directly in an index.

Past performance is no guarantee of future results. Principal value and investment returns will fluctuate and, when redeemed, may be worth more or less than the original cost. This chart is for illustrative purposed, does not represent an actual investment, and the returns do not reflect the past or future performance of any specific investment. Investments in mutual funds involve risk including loss of principal.

In the United States, securities are offered by PFS Investments Inc., 1 Primerica Parkway, Duluth, Georgia 30099-0001. Primerica and PFS Investments Inc. are affiliated companies. In Canada, mutual funds are offered by PFSL Investments Canada Ltd., mutual fund dealer. Head Office: 6985 Financial Drive, Suite 400, Mississauga, Ontario L5N 0G3. For more information, see Primerica’s Important Disclosures at www.primerica.com/public/primerica_disclosures.html.