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Primerica Life Insurance Review

primerica life insurance review

Written By Doug Mitchell

Doug Mitchell, CLU holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA.  Doug has spent close to 30 years in the insurance and financial planning industry and has held licenses to sell securities, long-term care insurance, health.  Doug is also a financial blogger addressing the topics of life insurance, annuities and retirement income planning.

Holly Mitchell  &

Holly Mitchell’s background in life insurance insurance goes back to 1985 when she worked for her father who was a New York Life agent. Holly has a marketing degree from Auburn University and has had a life insurance license since 2008. In addition to advising life insurance for customers all around the country, Holly is our website fact checker.

Rob Pinner   &

Rob Pinner is the founder and CEO of Pinner Financial Services servicing all 50 states. Rob started his insurance career in 2002.

Louis LaBash

Results-driven and innovative life insurance professional with 30 plus years of life insurance industry sales and marketing experience. Recognized as a pioneer in the field, leveraging phone and internet channels to exceed personal sales of over $100 million during the first decade of the 21st century. Creator of a highly effective intuitive IUL life insurance sales software that facilitated the sale of millions of dollars of indexed universal policies by numerous life insurance agents. Proven track record as a Managing General Agent (MGA), Life Agent, IUL Life Insurance Sales Software developer, and leading-edge creator of insurance marketing tools, educational content, and delivery systems.

Table of Contents

Primerica offers life insurance along with many other companies in the marketplace.

If you are in the market for life insurance, you want to make certain that you select a company that is financially sound, with outstanding customer service, and affordable policy premiums.

This review will demonstrate some of the disadvantages of a Primerica policy as compared to other carriers today.

After reading our review, feel free to request an instant online life insurance quote on this page to find an affordable policy that meets your needs.

Primerica Life Insurance…Beware!

Most life insurance companies allow prospective customers to shop premium rates directly on their websites.

Primerica does not provide this option, and prospective customers cannot customize term life insurance quotes on their website.

If this option were available, web visitors would be able to quickly discern that other companies such as:

…and several other companies have much cheaper rates.

Make sure to review life insurance companies that we recommend for some of the best options.

Primerica Life Insurance Options

Primerica agents are not independent agents. This means that they only sell Primerica policies.

As previously reviewed, rates on Primerica products tend to be higher than many of their competitors.

The inability of Primerica agents to shop other carriers puts the consumer at a disadvantage.

An independent life insurance agency such as ours provides you with an unbiased view of all products available.

More options mean lower premiums and a better policy for you and your family.

Most applicants are going to buy a life insurance policy from a family member or friend that got into the insurance business.

While there is nothing wrong with buying a plan from them, that is not always the best idea for your bank account.

Before you purchase any life insurance coverage, it’s vital that you look at all of your options to buy the best policy.

While Primerica may not be the best choice for you, there are hundreds of other companies that you can choose from to purchase affordable life insurance protection for your family.

High-Risk Plans from Primerica

If you have a pre-existing condition such as:

…or many others, Primerica life insurance is NOT the best place for you.

Many insurance companies specialize in high-risk marketplace products and can offer competitive rates as a result.

This is not the case with Primerica. If a high-risk policy is what you need to protect your family, trust an agent that can guide you to a carrier that will not only approve your application, but that will offer you the lowest premium possible.

There are millions of life insurance applicants that are looking to get insurance coverage, but they suffer from a variety of different pre-existing conditions.

These applicants may assume that they can’t get affordable coverage or will have to pay expensive premiums for their coverage.

In just about every case, this isn’t true. Regardless of any health conditions that you have, there are several quality options for life insurance coverage that you can purchase.

It’s important that you get the best life insurance plan to meet your need. Maybe you’re looking for elderly life insurance. We can help.

Primerica Life Insurance Costs

In most cases, Primerica isn’t the cheapest option for life insurance coverage, this is not the only company that we feel is not your best choice.

Colonial Penn is also known for its high premiums and targeting senior adults needing no medical exam policies that come at a much higher premium rate.

Price is the common barrier keeping people from life insurance. There are a few ways you can tear that barrier down and save cash in the process.

To begin, you should take those cigarettes in your pocket and put them in your trashcan. This simple act could cut your premiums in half! Yep, smokers pay an average of DOUBLE.

There are companies on the market which charge anyone who uses tobacco three times more.

In most cases, applicants are surprised to see how affordable a life insurance policy can be. If premium costs are what’s keeping you from life insurance, let us know.

We can connect you with a much cheaper plan.

Calculating Your Life Insurance Needs

Before you buy insurance coverage with any company, it’s vital that you determine what your life insurance needs are. Not having enough coverage could leave your family with additional bills that they don’t have the money to pay for, which can make it much worse.

The vast majority of people that do hold a life insurance policy are drastically under-insured. When you’re deciding how much insurance protection that your family will need, there are several different categories that you should account for.

The first number to crunch is any of debts or final expenses that your family members would have to pay for if you passed away. Make sure to add up expenses that would occur after your passing, like funeral costs or lawyer fees.

The next number is your stream of income and how many people rely on that paycheck. If you’re the main source of income in your household, your family would struggle without that source of money, which can create serious financial struggles.

What If You Are Already With Primerica?

We have saved many Primerica policyholders money on their term life policy by re-writing them with another carrier. Let us help you save money.

Compare quotes using our instant quote tool on the top of this page, and compare your Primerica life insurance policy to other carriers at your convenience.

Working With An Independent Insurance Agent

Every insurance company on the market is going to give you varying quotes, which means that it’s vital that you get dozens of quotes before you pick one. Every company has different medical underwriting and is going to look at your application differently.

Because it’s so important to get a handful of quotes before choosing one, you should expect to spend a dozen hours on the phone with agencies. The other option is to let our brokers carry that burden.

We have the ability to give you more than 30 quotes in a matter of minutes. Talk about a time saver. Not only do we have access to all those companies, but we also have years of experience working with every kind of client.

You can also call us at 800-712-8519, and we will be happy to compare quotes for you and help get you into a better-priced policy while saving you money on your life insurance.

Picture of Doug Mitchell, CLU

Doug Mitchell, CLU

Doug Mitchell, CLU holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA. Doug has spent close to 30 years in the life insurance and financial planning industry and has held licenses to sell securities, long-term care insurance, health. Some other notable items about Doug: Top of the Table Million Dollar Round Table member (MDRT). (MDRT is a global, independent association of the world’s leading life insurance advisors) | Premier Partner with Lincoln Financial and Cabinet Member | Served two years as President of the Auburn/Opelika Association of Financial Advisors | Life Millionaire status at Horace Mann Insurance Company and was awarded the Life Agent of the Year Award | New York Life, Executive Council Member | Currently serves as President of Ogletree Financial, a life insurance General Agency. | Doug is also a financial blogger addressing the topics of life insurance, annuities and retirement income planning.

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