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.