Primerica Life Insurance Company Products
Life insurance policies don't exactly qualify as fun reading. Most people when they buy life insurance have no idea what they're getting. There's a reason for this. Most life insurance companies don't want you to know what you're getting. Primerica, on the other hand, keeps it simple.
Primerica sells only term life insurance. If you're looking for cash value insurance, go elsewhere (but read this first). Policies range from 10-year term to 35-year term. All Primerica policies are level premium/level term, which means the monthly premium stays the same throughout the term of the policy. Primerica policies automatically come with a terminal illness clause, which allows the policy holder to receive a portion of the death benefit in case of a terminal illness. Most policies can be renewed without a medical examination when the term expires (premiums will increase based on age at renewal).
Here's the truth about Primerica: because it only sells one type of insurance, consumers need not fear the unethical practices of insurance companies of the past. These unethical practices include the implosion of cash value life insurance policies and the bait and switch approach--the agent sells you a crappy term policy, increasing term, for example, and after you complain he persuades you to buy cash value life insurance.
An important part of any purchase, be it life insurance or toe nail clippers, is cost. A criticism of the company in the past has been its high premiums. Within the past several years, Primerica premiums have been reduced considerably and are now extremely competitive.