After a little more than a year and a half, my “warm market” froze over and I still had to keep my regular job. Also, the required “trainings” made me mental. They reminded me of something out of North Korea. Very little education, but loads of ra ra ra.

Don’t get me wrong. It might work for somebody, but I am not interested in the “crusade.” It’s just not me. I want to make the kind of money I have never made and this is just not working.

So, any hints at how a college guy with excellent reading and comprehension skills can break out into the world of Life Insurance free agency? I should tell you that I am actually more interested in annuities.

It was the search for financial freedom that brought me to Primerica. I am still looking.

Ok, there’s my pitch. Any books, websites, links, general info or personal advice will be greatly appreciated. This shout out applies to you too, FINANCIAL BLOGGER.

May the Force be with you,
Hans

PFS sent me a letter basically saying thank you for your time and service, but don’t contact anyone (Clients and downline) for a period of 2 years. So now I look at this as a business. I have no emotional ties to any marketing organization or carrier. Something you might notice on some of the message boards is many PFS agents seem more loyal to the company than what’s in the best interest of their own family.

Here’s an example. Some agents know that the PFS policy cost more than what they can get elsewhere, which means a potential lower face amount due to policy cost and cost per 1000. So rather than possibly getting more coverage with the same amount of less Premium by going with another carrier do to their loyalty to PFS the may short change their own spouse and children…That’s where they throw out that price is only a consideration when there’s absence of value or something like that. I don’t think that would work when a death claim is paid and a client finds out they could have had more coverage elsewhere especially if it’s a family member or a spouse. I just couldn’t sell the products to family and friends anymore.

Run some quotes at http://www.term4sale.com Let me just say this. Due to reserve requirements some companies are raising their rates, but there’s still the issue of primerica dictating an agents income potential while the agent is part-time.

If someone is doing something on a part-time basis to earn extra income, why would they allow a company limit them unless they had no clue that they had other options. I’m not 100% sure about the options in Canada, but in the U.S., agents have many other options rather than PFS. They just don’t know about them.

Now as far as leaving PFS, let me say it was HARD. What caused me to leave was debating others on message boards. They came at me with facts and all I had to respond was hype and the cash value argument. Then someone offered me another contract. I went to my RVP to see if he/she would counter and they wouldn’t..so I left..(I was going to leave anyway) Once I discovered the freedom of being independent there is no way I could ever go back to being captive with PFS. Currently I have ownership of my recruits and clients from day one. If I decided to leave the current marketing organization i’m with and I could take my clients and downline with me if they wanted to go. Also I am contracted with other marketing organizations for other products. Here’s something that blew me away when I left. Let’s say a client wanted a specific carrier to buy from. In some states an agent can send in the client application and the agent contracting paperwork at the same time and the company at it’s desire can appoint the agent and issue the policy.

Basically for me it was about freedom to give my clients access to some of the best products and companies in the industry and have the ability to make as much as I feel is right for me. No matter what hype you hear, Primerica dictates the agents potential income. I’m not saying it’s a bad concept. I think it’s great for PFS, but in my opinion many agents just don’t know that there are other options. RVP’s and above have and are leaving the company. If they are at the positions everyone is reaching for and they leave at some point someone has to ask why?

As for the company. Currently PFS is for sale. How will that effect current agents? What about the agents contracts? Will PFS be wound down? As a business person how can people who do what’s right 100% of the time still recruit people to a company/business opportunity when the future is up in the air? Now let me aks you this we know recruiting drives sales. Is it in the best interest of primerica to tell the agents to curb their recruiting until the future of the company and it’s agents are on solid ground. If I were them and had their business model I would say recruit, recruit, recruit. I’m not saying it’s right or wrong, but when using a part-time sales force to move your products, the products have to be moved and new blood has to be constantly coming in the door. As I said it’s a business.

Most of this is covered in other post so I won’t go deep into it, but if people want to market with Primerica I wish them the best, just read and understand the contract. With any business people should have an exit plan also. If you leave PFS after selling products and building a team ( You buy brochures, pay for gas, train etc.) what can you take with you?

As I said before when you read this blog, you will notice when the PFS defenders get run into a corner they come out with the cash value argument when many if not all of us who post information in most cases sell term also. As independents we just have access to many other carriers. Who give us FREE brochures and software. it’s just information People can go back and do some research and if they find what we post is wrong, we stand corrected. Contrary to what many will say PFS is not a threat to our businesses…We can do everything a PFS agent can do and more, but they can’t per contract do what we as independent agents can do…

thumbs up everyone!

Cheers!

Glad to see there another good person out there..I know sumtimes we all get caught up with our emotions in things we so strongly believe in and that is why we sumtimes say things we dont really mean to say man..its okay I understand and that is your life experience thats what makes you..you!

I hope you understand we’re im coming from im still young and maybe you have more experience than me..but I am still learning..just like you we’re before..are we really all that different…and im willing to learn more so that i can do my very best to make a difference in peoples lives and leave my mark on this world…and thats is what important to me..for now that is my life experience..Primerica gave it to me…thats why im returning the good gesture and sharing the gift I received with my family and share it with others.

Listen I respect your perspective and your point of view..not one company is perfect and not everyone that works for those companies are good @ heart and always do the right thing…like the old saying goes..”there are always a few rotten apples around:… and that true for all companies. So understand that Im in my journey and my goal is not to sell life insurance or be a salesman for the rest of my life..I want to be a business owner..and earn my financial independents before i reach my 30s so that I can enjoy the rest of my life with my family, friends and clients as I build my Primerica business.

You know the true opportunity of Primerica is its distribution…thats why sum join to get rich quick..and so they fail..while others join for knowledge..and others to help others and make a difference…su to be salesmen/women and sum to build a business!

Answer this, I got you man..thats your experience..thats is not mine…we are not all meant to see the world in the same perspective and I know you understand that so if you believe in what you do I respect that. But I believe in what Primerica stands for because the person that help us thru Primerica really made a difference and impact in my family’s life..that something we can never forget. Remember its not the company you work for that sells most of the time..its YOU and how well you convey your message to your clients..If it makes common sense..it make sense..if you can back it up with logic then good for you!

Im glad we can finish this discussion on a good note fellows! Let me leave you all with sumthing I learn along the way…Your life will be determined by what you put most of your focus on..what is POSITIVE or on what is NEGATIVE..and that applies with all areas of your life.

On that note I wish you both the best of luck in your practice and God Bless you and your familes!

God Speed!

Sadly wrong I understand where some of the posters are coming from. Primerica had my mind once also. At first I blamed them and then later on I understood I was to blame. I learned never to give anyone or anything blind loyalty. The industry and the economy is constantly changing so education is a constant.

To the PFS reps. Here’s something to think about. Have you noticed that John Addison has been a speaker at many Pre-Paid Legal major events? Has Harland Stonecipher ever been the owner of Pre-paid Legal ever been a speaker at a PFS event? Here’s what I see. When Citi let’s PFS go, is there some sort of merger in the making between Pre-paid Legal and Primerica? This is all speculation, but for the past few years John Addison has become quite cozy with PPL.

Now as dor Suze Orman, consider this. She hates Variable Annuities. Do you have a V.A. that you offer clients?

http://www.youtube.com/watch?v=rd_3nCENMT8&feature=related

Suze Orman term recommendations:

http://www.suzeorman.com/igsbase/igstemplate.cfm?SRC=MD012&SRCN=aoedetails&GnavID=84&SnavID=23&TnavID=&AreasofExpertiseID=51

*** Nowhere is Primerica Life mentioned.

Dave Ramsey: term recommendations.
http://www.zanderins.com/term/termlife.aspx

**Not Primerica.

Do you ever ask yourself why the people you promote say shop carriers???? Hmmmmmmm interesting….

Honestly, Im sorry. I have been a bit of a prick. This subject really gets under my skin because I have seen far too many people get hurt because of advice they recieved from primerica agents. The advice sounds good, and people love the opportunity they can grasp at.

The trouble comes when the advisor does not know the full implications of what they do. Forgive me if this sounds mean, But you must admit you do not know everything. If you do not know everything you must therefore conclude that the chance of being incorrect is inevitable. Not just for you, because no one knows everything.

I get ticked off about this because I have seen a lot of primerica plans, and they are all the same. No account for the clients specific needs. Because the client never gets educated fairly, they never know what happened.

I have tried to run my practice with the understanding that, the more knowledge I have, the less mistakes I make.

Primerica stands in stark contrast to that concept. By demonizing something, you cannot really understand it. Primerica agents are taught about the subject, but unfairly and unobjectively.

This is the point im trying to make. If you step back from your company and your loyalties, and take a look at the bigger picture… You find that anytime someone works for a company, they work for that company’s best interests. The company, by law of the monetary system, must do only that which proliferates itself. It is that single loyalty to profit, that is the poison. Even though the employees of the company think they are doing the right thing, they are being told what to do by said company, whose primary goal is to make profit. When those with direct profit interest control the education system, you can be absolutely certain that it is not even handed or objective.

This is not speculative nor does it only pertain to primerica. If we can accept this as truth of any company, we must aknowledge its flaws. Segregated education has always bred contempt. This is why we have wars, racial disputes, and religous zealots. That is the entirety of my issue, and I wish I would have made it clear without unsulting you.

I will not waste anymore of my valueable time on a self proclaimed looser, half witted, ignorant fool like yourself who has his nose so high up that your start bleeding all over your shirt and tie and try to look down on me PeLEASE!!

I havent used any fowl language so far so i will show great restraint and still maitain that YOU’ve JUST BEEN SERVED!!!AGAIN! Your trying to say that you can set up a whole life insurance properly..what oh umm let me see by telling your clients “It s a good way to invest..” or um let me see oh you can giv them a 20 year term convertible/renewable to meet all their current needs and expenses and combine it with a Whole life so that your coverd for life! Don’t give me that BS man your unintellingents sickens me to the core! Go back to your moms and suck on your tumb and cry like spoiled brat! if that makes you feel better! You sound like one of those tight-up spoiled rich brats from england!
Would you like a cup of tea!!

Sorry cant serve you there get it yourself for once in you sorry life! Try to stay professional and dont make iddle treats FOR YOUR OWN SAKE!