Many reviewers also mention being declined for insurance and then struggling to get refunds from the company. Part of the problem seems to be that customers often don’t know what they’re getting into with the insurance, as the plan isn’t explained well at the beginning. Others mention that the rates dramatically increase with age.īoth patterns are fairly common for term insurance, but they’re still not encouraging. A common complaint is that previously satisfied customers found their prices suddenly hiked by Primerica upon term renewal. Some reviews are overwhelmingly positive, talking about the benefits of the plan and how the prices compare to other companies (of course, some such reviews may be from distributors). For example, the site has an average of 2.5 stars across 21 customer reviews, while gives it a little over 3 stars across 459 ratings. Reviews of Primerica’s insurance tend to be mixed. Insurance plans and prices tend to be specific to the individual, based on their needs and situations. Primerica’s main focus is on term life insurance, although there are some other insurance types as well, such as long-term care insurance and investment insurance.īecause we’re talking about insurance, there is no simple way to compare between one company and the next. While the company has many passionate agents and has been featured in Forbes, many people consider the model manipulative, especially if family or friends have tried to pressure them into insurance. The company was founded in 1977 and is currently thought to have around 120,000 independent reps. Product Overview: Primerica is the most well-known insurance MLM – by far. That's why honestly, I wouldn't recommend any of these insurance network marketing companies to anyone. If you're going to try to do your own thing, why no go all the way and actually do something you want? And by the way… do you actually enjoy selling insurance? I'm not really sure why someone would choose to leave a traditional job only to jump into (what I see as) the most boring industry possible. Plus, you have to worry about the negative reputation MLM and network marketing has in general. To help with the process, this post provides details on network marketing companies in this field. Look at their requirements and think realistically about whether you would be able to meet them. These complexities make it critical that you carefully evaluate any company before signing up. You’re also competing against many other companies and agents who have more background in the field than you. Of course, the reputation that insurance salespeople ‘enjoy’ could make the sales process difficult. You may even earn from a customer for years after you made the initial sale. These patterns suggest the potential for regular income. Insurance is also an important service for many situations. Insurance plans often aren’t cheap and people are paying regular fees. One of the only things more frustrating than someone trying to sell you insurance is when that person also wants to recruit you into the company.īut, what about the other perspective? Is being an insurance network marketer a good way of making money? Insurance network marketing companies aren’t seen as being much better. After all, most people don’t appreciate having sales pitches forced onto them, especially not for an area as sensitive as insurance. They’re often considered pushy, to the point of being rude and obnoxious. Insurance agents don’t exactly have the best reputation.
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