Primerica logo
1977
Founded
US
Main Office
Breakaway
Comp Plan
$2.71 Billion
Est. Annual Sales
Industry Category
Yes
Sales & Transfers

Primerica, Inc. is a US-based multi-level marketing company that sells term life insurance, as well as providing other financial products and services including mutual funds, annuities, segregated funds, managed accounts, long-term care insurance, pre-paid legal services, auto insurance, home insurance, credit monitoring and debt management plans.

Started in 1977, the company now has approximately 120,000 independent representatives, more than 4.3 million life insurance clients, and over 2 million client investment accounts. Primerica is Headquartered in Duluth, Georgia, U.S.

Primerica's Compensatin Plan Type is Breakaway

The breakaway plan is used by Primerica to organize their groups of distributors. In a breakaway plan, also commonly referred to as "a plan within a plan," the Primerica distributors are paid in two different ways depending on if they have reached a "breakaway rank".

Once a Primerica leader reaches the breakaway rank, she and her downline form a new unit where she will earn commission based on the rules for her rank. Some compensation plans have multiple breakaway groups that are formed as the distributor hits the rank goals. This is often referred to as a stairstep breakaway plan.

Primerica Address Info

1 Primerica Pkwy
Duluth Georgia 30099
US

Primerica Contact Info

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Recent News for Primerica

Thursday, November 17, 2022
Primerica Announces $375 Million Share Repurchase Program For 2023 Continue reading
Tuesday, November 8, 2022
Primerica, Inc. (NYSE: PRI) today announced financial results for the quarter ended September 30, 2022. Total revenues were $673.3 million, decreasing Continue reading
Tuesday, October 25, 2022
Primerica schedules third quarter 2022 financial results webcast Continue reading
Thursday, October 13, 2022
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of Pri Continue reading
Thursday, August 11, 2022
Primerica, Inc. (NYSE: PRI) today announced that its Board of Directors has authorized a $50 million increase to its previously announced share repurc Continue reading
 
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Considerations When Choosing An Insurance Direct Selling Company

When choosing a company to represent, online reviews and prices of insurance packages are a great place to start. Still, there are additional items to consider before making your choice.

Company Reputation - The reputation of the direct sales insurance company will impact your ability to sell their products. The better the reputation, the easier it will be to convince potential customers to put their money into your product.

Customer Service - When selling non-life insurance, like car insurance, your customers will want a high-quality customer support team when dealing with insurance claims.

Financial Stength - The financial strength of the direct selling insurance company is essential for you and your customers to depend on them in the future.