â€œBuy Term and Invest the Differenceâ€ is the cornerstone of our consumer-oriented concepts and products.
Primerica originated this philosophy back in 1977 and used it to launch a crusade to revolutionize the life insurance industry and the investment business.
Today, our core beliefs remain the same. We believe in doing whatâ€™s right for the consumer 100% of the time. Thatâ€™s why Primerica markets only term life insurance so families can get the protection they need at a price they can afford and have more money to invest in their future.
That same philosophy applies to every product we offer. We donâ€™t follow the fads. We lay a foundation.
Weâ€™re a Main Street Company for Main Street North America.
Our mission is to help families become properly protected, debt free and financially independent.
We teach people how money works.
Primerica is positioned to dominate the distribution of financial services to the greatly underserved Main Street market.
As an independent company, Primerica is a valuable distribution channel for the financial services industry and we continue to add powerful new product lines.
Thatâ€™s why we expect tremendous growth in the size of our distribution force, and the number of $100,000 earners in our company.
Primerica is a unique and growing company while the traditional financial services industry is shrinking. Thatâ€™s why the potential for our future growth is unlimited.
When it comes to finances, how much do you know?
If youâ€™re like most people, you probably know little about personal finance. Perhaps you think long-term security is impossible on your income. But, the truth is, no matter what your income level, you can achieve financial security. You just have to take the time to learn a few simple principles about how money works.
Financial education is for everyone
Primerica is about education. We believe that there are no â€œsecretsâ€ to financial securityâ€¦ and financial education isnâ€™t just for the wealthy. Primericaâ€™s goal is to educate hardworking families â€” just like you â€” on simple concepts that can change your financial future forever.
Do you know when you need life insurance the most? How about saving for retirement? Do you know how much something really costs when you put it on your credit card? Taking a few moments to learn some simple concepts about how money works can save you from financial headaches later. Learn more about how money works with the financial concepts to your right â€” theyâ€™re simple!
The High Cost of Waiting
Want to save $1 million dollars by age 65?Â Youâ€™d better get started soon.
The longer you wait, the more youâ€™ll have to put away each month to reach your retirement goals.
- 25 years old? You have to put away $158 a month to reach $1 million dollars.
- Start at age 35, and youâ€™re putting away $442 a month to reach your goal.
- Begin at age 45, and youâ€™d have to put away $1,317 a month.
- Wait until age 55, and youâ€™re putting away a hefty $4,822 a month.
- Wait until the last minute (age 60) and youâ€™d have to stash $12,914 a month to reach $1 million by age 65.
So, the sooner you start saving, the fewer dollars youâ€™ll have to put away each month to reach your retirement goals.Â Donâ€™t pay the high cost of waiting!
Pay Yourself First
Think you donâ€™t make enough money to save some of it? Think again!
If you earn $25,000 a year for 40 years, you will have earned $1 million dollars!Â Earn $35,000 for 40 years, and youâ€™ve earned $1.4 million dollars.Â And if you earn $45,000 for 40 years, youâ€™d have made $1.8 million dollars!
Pay yourself first and you can get ahead in the savings game. Hereâ€™s what can happen when you save just $100 a month for 40 years:
- At three percent interest, you would have about $93,000.
- At five percent interest, youâ€™d have about $153,240.
- If you got a nine percent interest, youâ€™d have about $472,000.
Thatâ€™s the power of paying yourself first!Â After all, itâ€™s not what you earn â€“ itâ€™s what you keep!
The Theory of
According to the Theory of Decreasing Responsibility, your need for life insurance peaks along with your family responsibilities.
When youâ€™re young, you may have children to support, a new mortgage payment and many other obligations. Yet, you havenâ€™t had the time to accumulate much money. This is the time when the death of a breadwinner or caretaker could be devastating and when you need coverage the most.
When youâ€™re older, you usually have fewer dependents and fewer financial responsibilities. Plus, youâ€™ve had years to accumulate wealth through savings and investments. At this point, your need for insurance has reduced dramatically, and you have your own funds to see you through your retirement years.
Rule of 72
Do you know the Rule of 72?.Â Itâ€™s an easy way to calculate just how long itâ€™s going to take for your money to double.
Just take the number 72 and divide it by the interest rate you hope to earn.Â That number gives you the approximate number of years it will take for your investment to double.
As you can see, a one-time contribution of $10,000 doubles six more times at a 12 percent return than at 3 percent.
The Power of
The Power of Compound Interest shows how you can really put your money to work and watch it grow.
When you earn interest on savings, that interest then earns interest on itself and this amount is compounded monthly. The higher interest, the more your money grows!
If you saved $200 each month, after 35 years, your money would have only grown to $148,680 at a three percent interest rate.
At a six percent interest rate, it would have grown to $286,370.
If you received a twelve percent interest rate on your savings, your money would have grown to $1.3 million!
The sooner you start to save, the greater the benefit of compound interest.
By taking into account the interest rate and amount of debt, debt stacking identifies an ideal order for you to pay off your debts. You begin by making consistent payments on all of your debts. The debt that debt stacking suggests that you pay off first is called your target account.
When you pay off the target account, you roll the the amount you were paying toward your next target account. As each debt is paid off, you continue this process. Debt stacking allows you to make the same total monthly payment each month toward all of your debt and works best when you do not accrue any new debts.
You continue this process until you have paid off all of your debts. When you finish paying off your debts, you can apply the amount you were paying towards your debt toward creating wealth and financial independence!
Primerica markets financial products and services from some of the worldâ€™s more recognizable companies.
Term Life Insurance
- Primerica Life Insurance Company
- Primerica Life Insurance Company of Canada
- National Benefit Life Insurance Company (In New York)
Debt Consolidation Loans1
- Citicorp Trust Bank, fsb
- AGF Trust Company
- Offered by Primerica Client Services, Inc. through contractual agreement with Equifax Consumer Services LLC
Mutual Fund Investments1,3
- American Funds
- Franklin Templeton Investments
- Legg Mason Funds
- Pioneer Investments
Auto & Homeowners Insurance
- Primerica Secureâ„¢ and Insurance Answer CenterÂ®
Long Term Care Insurance
Pre-Paid Legal Services
- Primerica Legal Protection Program
Primerica is an accredited member of the Better Business Bureau (BBB). The BBB system is dedicated to fostering trust between businesses and consumers in both the traditional and online marketplace. The first BBB was founded in 1912. Today, the BBB system is comprised of 130 local Better Business Bureaus (BBBs) across the U.S. and Canada, and serves millions of consumers, nearly 400,000 small and medium business members, and several hundred national and multi-national corporations based in North America. The BBB system has grown to become the most trusted name and recognized advocate for promoting ethical business and advertising practices, providing more than 90 million instances of service to consumers and businesses in 2005.
For more information, please visit www.bbb.org.
Primerica Lifeâ€™s, National Benefit Lifeâ€™s and Primerica Life Insurance Co. of Canadaâ€™s financial strength is rated A+ (Superior) by A.M. Best, the oldest and most prominent rating agency in the industry.*
*A.M. Best ratings range in order from the highest ratings as follows: A++, A+, A, A-, B++, B+, B, B-, C++, C+, C, C-, D, E, F. Primericaâ€™s term life insurance is underwritten by National Benefit Life Insurance Company, Home Office: Long Island City, NY, in New York State, Primerica Life Insurance Company, Home Office: Duluth, GA, in all other U. S. jurisdictions; and Primerica Life Insurance Company of Canada, Home Office: Mississauga, Ontario, in Canada.
American Council of Life Insurers
Primerica Life Insurance Co. is a member of the American Council of Life Insurers (ACLI). ACLI is a Washington, D.C.-based trade association whose 377 member companies account for 91 percent of the life insurance industryâ€™s total assets in the United States, 90 percent of life insurance premiums and 95 percent of annuity considerations.
For more information, please visit www.acli.com.
The Financial Industry Regulatory Authority
The Financial Industry Regulatory Authority (FINRA), is the largest non-governmental regulator for all securities firms doing business in the United States. All told, FINRA oversees nearly 5,100 brokerage firms, about 173,000 branch offices and more than 665,000 registered securities representatives. Created in July 2007 through the consolidation of NASD and the member regulation, enforcement and arbitration functions of the New York Stock Exchange, FINRA is dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services.
For more information, please visit www.finra.org.