Mike Heesen asked:
Primerica review for anyone searching online to learn more information about the company and wanting to know if this is something you wish to pursue. I stumbled upon the Primerica opportunity a while ago and started my usual investigation and research. Please read on because I am going to share with you my findings and I am going to explain to you how it works.
Primerica Review – The Company, Product, Opportunity and Compensation Plan Reviewed
The Company
Primerica was founded in 1977. They are a referral marketing company that sell financial products and services through direct sales, franchising as well as the distribution through their independent associates. Primerica’s headquarters are based in Dultuh, Georgia. Just recently, in April, they spun off from their former parent company named City, through an initial public offering. They are the largest financial services marketing organization with more than 6 million customers in the United States, Spain, Puerto Rico as well as Canada and over 110.000 licensed representatives. Their mission is to always provide 100% term life insurance, financial services and products through their affiliates.
The Products
Continuing this Primerica review, let’s take a look at the wide range of financial products they are offering to the public.
1. Variable annuities
2. Mutual funds
3. Loans
4. Segregated funds
5. Pre-paid legal services
6. Long-term care insurance
7. Car insurance
8. Home insurance
9. Credit monitoring
10. Debt management plans
11. Primerica Secure (car and home owners insurance referral program)
The Opportunity
To get started as a Representative requires a one time payment of $99 and $25 per month for having access to the online back office. As an independent representative, you are offered the following:
- Personal support and advice to set up your home office
- Access to a large network of entrepreneurs that help you grow your business
- 24/7 access to up-to-date legal advice
- Assistance and guidance in other start up phases
- Coaching, mentoring and teaching to gain your licensing exams (is required by law)
- Access to a dedicated Intranet site, exclusive to it’s members
- Documentation on how to recruit and teach new members
The Compensation Plan
Reviewing Primerica reveals that they do not post the compensation plan on their website. I have no idea why that is. The information I am revealing in this paragraph is from third party sources.
How much you earn depends on the ‘rank’ you are at and the type of service you have sold. Their are 4 ‘ranks’
1. Licensed Representative
2. Senior Representative
3. Regional or District Leader
4. Regional Vice President (requires full time)
The percentage of commission increases when you move up in rank. You start of at 25% but once you are a Senior Rep, the rate goes up to 35%. To become a Senior Rep you need to generate 12 sales transactions per month and you are also required to pass the licensing exam, which is required by law. As a Regional or District Leader your percentage of commissions is 50%. In order to reach the management ranks, you will need to reach certain minimum sales targets. These targets vary from $2500 per month to $9000 in 2 months and more. You will also need to recruit at least 3 – 8 (or more of course) people per month and pass additional licensing exams.
EARNING EXAMPLE:
Let’s assume you are Senior Representative and one of your new Representatives makes a $1000 sale, he earns $250 (25%) and you earn an override commission based on the difference between what you would have made, if you were the one that made the sale of a $1000 which is $350 (35%). So you earn $100. If you have a District leader above you, he earns $150 ($500-$350)
Let’s continue this Primerica review by questioning ourselves if you can make a serious full time income with this business opportunity? The answer is “yes”, but also “no”. If you are an experienced marketing entrepreneur with a huge list of like minded people who wouldn’t mind teaming up with you to generate extra income then this is something that might just be right up your street. If you are not experienced with (online and offline) marketing, the chances are you may have a hard time generating a full time income.
But that’s OK, I have great news for you! Anyone can learn online/ offline marketing and be successful in business. Click now ” How To Find Success Online “, fill out the form and watch the 2 presentation videos on the following page and follow the 4 SIMPLE steps in the email you receive.
Social Media Management
Primerica review for anyone searching online to learn more information about the company and wanting to know if this is something you wish to pursue. I stumbled upon the Primerica opportunity a while ago and started my usual investigation and research. Please read on because I am going to share with you my findings and I am going to explain to you how it works.
Primerica Review – The Company, Product, Opportunity and Compensation Plan Reviewed
The Company
Primerica was founded in 1977. They are a referral marketing company that sell financial products and services through direct sales, franchising as well as the distribution through their independent associates. Primerica’s headquarters are based in Dultuh, Georgia. Just recently, in April, they spun off from their former parent company named City, through an initial public offering. They are the largest financial services marketing organization with more than 6 million customers in the United States, Spain, Puerto Rico as well as Canada and over 110.000 licensed representatives. Their mission is to always provide 100% term life insurance, financial services and products through their affiliates.
The Products
Continuing this Primerica review, let’s take a look at the wide range of financial products they are offering to the public.
1. Variable annuities
2. Mutual funds
3. Loans
4. Segregated funds
5. Pre-paid legal services
6. Long-term care insurance
7. Car insurance
8. Home insurance
9. Credit monitoring
10. Debt management plans
11. Primerica Secure (car and home owners insurance referral program)
The Opportunity
To get started as a Representative requires a one time payment of $99 and $25 per month for having access to the online back office. As an independent representative, you are offered the following:
- Personal support and advice to set up your home office
- Access to a large network of entrepreneurs that help you grow your business
- 24/7 access to up-to-date legal advice
- Assistance and guidance in other start up phases
- Coaching, mentoring and teaching to gain your licensing exams (is required by law)
- Access to a dedicated Intranet site, exclusive to it’s members
- Documentation on how to recruit and teach new members
The Compensation Plan
Reviewing Primerica reveals that they do not post the compensation plan on their website. I have no idea why that is. The information I am revealing in this paragraph is from third party sources.
How much you earn depends on the ‘rank’ you are at and the type of service you have sold. Their are 4 ‘ranks’
1. Licensed Representative
2. Senior Representative
3. Regional or District Leader
4. Regional Vice President (requires full time)
The percentage of commission increases when you move up in rank. You start of at 25% but once you are a Senior Rep, the rate goes up to 35%. To become a Senior Rep you need to generate 12 sales transactions per month and you are also required to pass the licensing exam, which is required by law. As a Regional or District Leader your percentage of commissions is 50%. In order to reach the management ranks, you will need to reach certain minimum sales targets. These targets vary from $2500 per month to $9000 in 2 months and more. You will also need to recruit at least 3 – 8 (or more of course) people per month and pass additional licensing exams.
EARNING EXAMPLE:
Let’s assume you are Senior Representative and one of your new Representatives makes a $1000 sale, he earns $250 (25%) and you earn an override commission based on the difference between what you would have made, if you were the one that made the sale of a $1000 which is $350 (35%). So you earn $100. If you have a District leader above you, he earns $150 ($500-$350)
Let’s continue this Primerica review by questioning ourselves if you can make a serious full time income with this business opportunity? The answer is “yes”, but also “no”. If you are an experienced marketing entrepreneur with a huge list of like minded people who wouldn’t mind teaming up with you to generate extra income then this is something that might just be right up your street. If you are not experienced with (online and offline) marketing, the chances are you may have a hard time generating a full time income.
But that’s OK, I have great news for you! Anyone can learn online/ offline marketing and be successful in business. Click now ” How To Find Success Online “, fill out the form and watch the 2 presentation videos on the following page and follow the 4 SIMPLE steps in the email you receive.
Social Media Management
Source: undergroundmlm.com
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