Primerica

Primerica logo
1977
Founded
US
Main Office
Breakaway
Comp Plan
$1.00 Billion
Est. Annual Sales
Industry Category
Yes
Sales & Transfers

Overview

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.

1 Primerica Pkwy
Duluth Georgia 30099
US

Compensation Plan info for Primerica

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

Once a 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 compensation plan.

Recent News for Primerica

Tuesday, June 28, 2022
The city’s largest corporate meeting, the Primerica International Convention, will return to Atlanta from June 29 to July 2. The biennial event hosted Continue reading
Monday, June 20, 2022
Primerica, Inc. (NYSE:PRI), a leading provider of financial services to middle-income families in the United States and Canada, was named to the Fortu Continue reading
Wednesday, May 11, 2022
Primerica, Inc. (NYSE:PRI) today announced the election of Amber Cottle to the Company’s Board of Directors effective immediately. Ms. Cottle replaces Continue reading
Thursday, May 5, 2022
Primerica, Inc. (NYSE: PRI) today announced financial results for the quarter ended March 31, 2022. Total revenues of $691.2 million increased 8% comp Continue reading
Wednesday, April 27, 2022
Primerica, Inc. (NYSE:PRI), a leading provider of financial services to middle-income families in the United States and Canada, has been named one of 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.