subject: Citigroup Primerica Life Insurance Company Review [print this page] Company Background:
Citigroup Primerica Life Insurance Company was started in 1977 by Arthur L. Williams, Jr. as A.L. Williams & Associates. The company established a unique market by marketing the concept of and coining the phrase "Buy Term and Invest the Difference." The goal of the company was to encourage families to buy inexpensive term life insurance so that they could have more income to invest in their family's future. They also market financial solutions, mainly to the middle market, which they feel has been neglected and underserved. Primerica meets with families in their homes.
Products:
* Long Term Care Insurance and Life
* Car Insurance
* Homeowners Insurance
* Mutual Fund Investments and Variable Annuities
* Second-mortgage, Personal loans, and Debt Consolidation Loans
* Pre-paid Legal Services
Business Opportunity and Pay Plan:
As the Citigroup Primerica Life Insurance Company representative, the income that they generate can vary based upon the different licenses obtained by them, and the amount of commission-based business that they write in the field, in addition to the activity and size of an agent's organization, or team. The time that it takes to get trained and licensed for Citigroup Primerica Life Insurance Company products can prevent the kind of fast team growth that has taken place with many network marketing companies; however, Citigroup Primerica Life Insurance Company attracts more serious networkers and more people with professional backgrounds.
To enroll with Citigroup Primerica Life Insurance Company, it costs $199, which is reimbursable after passing a licensing exam, since licensing is a required element to take advantage of the business opportunity. The commission on a sale of term insurance is 25%. The representative who closes that sale gets the majority of the commission but has to divide the rest among people in their upline. As with any business structured around multi-level marketing, you are paid commissions based on your sales level.
If you're seeking an internet business, you won't find it in Citigroup Primerica Life Insurance Company, yet. Those needing complete details will have to contact a Primerica Personal Financial Analyst directly for a one-on-one demonstration, which is usually conducted in-home or in-office.
If you're looking at the Primerica business opportunity, Citigroup Primerica recommends that you have 8 new kitchen table appointments per week to grow your business. They also encourage you to contact your warm market first, which includes family and friends, so those people can become your first prospects when trying to build your business.
by: Lisa Ziegler
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