All Life Insurance Tips

Does anyone have term life insurance with primerica? Are rates with another company better?

which company have the best life insurance rate?

Public Comments

1. It really depends on your specific and unique situation. There are better rates out there than Primerica rates for certain situations. Each insurance company has it's niche that it looks to be most competitive in. For Primerica it's term insurance but there are cheaper companies out there. I would tell you to look more towards value than price though. The best way to tell is to work with an independent insurance agent. If you would like a comparison just ask. Please let me know if you have any questions.
2. It all depends. Every insurance company has a niche market. Ex. one may have a great rate for a 45 year old smoker but may be high for a 30 year old smoker where another company may be just the opposite. Andrew Florida Affordable Insurance, Inc.
3. Rates do vary between companies and so do term insurance policies. At Primerica, their rates are competitive with the industry. When people say its the most expensive, that is a lie. Many life insurance companies has risen their rates while Primerica has kept it the same. While you may find a lower rate at another company, is that company able to fulfill your financial needs? How do they sell their term policies? Do they sell one per person or cover the entire family in one policy? At Primerica, this is what you get with their term policies: 1) A personal financial representative 2) Personalize solutions and Financial Education 3) Convenient service and house calls 4) Competitive term insurance rates for families 5) One Policy per family 6) Family banding. This means rates are base on total coverage of the policy 7) Flexible use of riders for customized coverage 8) Guaranteed coverage to age 95 9) Terminal illness benefit included. This means if you become terminally ill, you can use 40% of the face amount for whatever purposes. 10) Waiver of Premium option. If you believe you will have the chance of becoming disabled, this option will pay all your premiums. 11) Increasing Benefit Rider. Many individuals find that need more coverage later in life. In fact, 60% of people in America who own life insurance right now said they need more coverage. With this rider, your coverage will increase by 5% or 10% for 10 straight years and the rate of the added coverage will be based on issued age of the policy, not your current age. 12) Industry leading renewal options 13) Industry leading renewal rates. 14) A customized, confidential, and complimentary Financial Needs Analysis So when choosing a company, are you looking to buy just life insurance, or do you want the total financial solution?
4. Rates are very competitive among all the companies. Call some local agents for some quotes. Stay away from Primerica.
5. Do the shopping. You'll discover that Primerica is amongst some of the costliest in the entire industry. Don't be fooled by the laundry list of "benefits" one poster has. They're available most everywhere else. The one and most important feature that Primerica term doesn't include is the option to convert to a permanent policy. This is a HUGE benefit that can't be overlooked. If you want an uneducated part-timer taking care of your financial future and don't mind paying a premium for an inferior product, Primerica is your best bet!
6. q1: yep. q2: Idk, but my experience is that cheap companies are just that, cheapos. They will lure you into their bad products by flashing in front of you how cheap they are. You should ask yourself, does cheap mean better in quality? Absolutely not. Take for example, would you pay 3% interest for 5 years which goes up afterwards on an Adjustable Rate Mortgage or a fixed 5% interest on a 30 year fix rate mortgage? Life insurance is only part of an overall financial plan. In fact, its the foundation of any plan b/c without it and shortfalls in savings could make a financial plan collapse. At primerica, they build my finances the right way. Protect my income with term insurance while at the same time, building wealth by investing into mutual funds. Also they are the ones that help me eliminate my debt. I don't know about you, do you know any companies that will do all this for you without charging you any fees to come take a look at your finances?
7. Try this site to find the best life insurance rates http://best-life-insurance-usa.blogspot.com/ Here you can get quotes from different life insurance companies in your area, its the best way to find an affordable life insurance with a reliable company. I have Primerica's 35 year level term insurance. Even though I'm an agent, there are just way too many life insurance companies out there to compare who has the best rates. Primerica offers different level terms of 10, 20, 25, 30, and 35 year. But among Primerica's competitors such as Metlife, Prudential, AIG, Allstate, State Farm, etc., Primerica has the lowest rate. Comparing rates alone should not be only factor when deciding which company to choose. You should also look at their ratings from AM Best. Primerica has AM Best rating of A+. What other features are included in the life insurance policy? Primerica sells one policy per family. Terminal illness benefit are included in all life policies at no additional cost. What happens at the end of the term for each company? At Primerica, life insurance policies are guaranteed renewable without providing proof of insurability. They are also convertible to another term policy, not a cash value life insurance policy.