Primerica is a network marketing business venture that offers auto, term, life, and home insurance. It also offers other financial services such as variable annuities, mutual funds, debt consolidation loans, and segregated funds. Every annuity for sale by this company is licensed dealer and broker subsidiary.
Primerica Review: Company Management
The main mission of the company is to help all families to become fully protected without debt. It aims to help every family become independent in their finances. The company is a legitimate business that has been founded in 1977. In 2010, it has finally become a subsidiary of the known Citigroup. This is one of the biggest financial services marketing company. It is located in Duluth, Georgia.
Primerica Review: Products
Primerica believes that people should have their insurance just like having their homeowner’s or health insurance. They believe that everyone should have maximum coverage even with minimum investments. The company offers various products and concepts such as term insurance, debt solutions, investments, home and auto insurance, and long term care. It also offers legal protection. These are only some essential products that you could start selling when you join the business.
Primerica Review: Compensation Plan
As part of this Primerica review, take note that to join the company, you will have to pay $199. It will cover all the cost you need to be trained and become a licensed insurance seller. As part of your registration process with Primerica, you will be taught on how to handle your own financial needs analysis taken. You will be able to set up an account with the IRA. You can also make your market account. However, there could be a little pressure when you need to open up an annuity. Plus, you will need to get your life insurance. You will also need to buy some educational tapes and brochures so you could maximize the opportunity. When you join, you will be getting a training of the financial terms you will need to know when you work with the company.
If you were an agent, you could advance to management positions through meeting your recruitment goals and through meeting sales. If you aim to become a regional manager, you will then have to work full time, train recruits, and keep your office. The commission will begin at a rate of 25 percent. You could be paid up to four levels of overrides. Earning potential with the company is unlimited. You would earn an excess of one million U.S. dollars if you would represent the products of Primerica. If you would join the company, you would need to contact your market of acquaintances and friends to start with. Then, you could eventually grow your network with more recruits. You could promote the company through setting up your own website.
Primerica Review: Conclusion
As a final piece of advice, you can join the Primerica business opportunity if you were determined to succeed in your life especially in handling your finances. You don’t only sell insurance with the company but you also get training on how to manage your own finances, which is something worth it.
How To Build A Successful Primerica Business?
You see a good number of people when they join great companies like Primerica they don’t think about this question. They dip in feet first without a plan or strategy. Reality doesn’t hit them until a few weeks after being in the company. Reality really kicks in when they try to bring in their family and friends and none of them wants to join.
The key to being successful in any business is learning how to market. You need to become a master at generating your own leads. Secondly everyone in the Primerica business gets the identical replicated website,how are you going to standout? You need to learn how to brand yourself. Once you start to figure out some of these concepts you then create duplication with your team. These are all key pieces in being successful in this wonderful industry.
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