no market risk? 5% return? tax deferred build up? tax free withdrawal? Zero net cost loans? Self completes if you become disabled? Lawsuit and creditor protected in 43 states? tax free death benefit? No 591/2 rule on distributions? No RMDs? No contribution limits? And people say this is a bad product? Really? The truth be told it very well may be the best financial product you can own!!!
talk about wrong, very wrong. First, Whole Life pays no interest, none, nada. Depending on the policy it is structured to guarantee the cash value will be equal to death benefit at 100-121 years of age. That's the guarantee. Then you have dividends which also help it grow as well, which average, depending on company, currently around 5% on average. Oh well.
No disadvantages to WL?! WTF?! Either you've never heard of the "Four Funny Banking Rules" or you're doing what you do best. Lie and deceive. LMAO! Imposter!
@yoranasshole Please tell us all oh master how buying a policy that expires is better? please tell us how the markets have done over the last 12 years? Oh, negative that's how!!! You are the A Hole buddy boy. And PS - Primerica sells the highest premium term on the market, which is cleary what you are selling!!!
So tell me, Jgillie85. What do you have to hide? Why is your channel unavailable? The so called "imposter" who supposedly stole "your" username left his profile available for all to see. He must have stolen it awhile back, as it has been around for over a year. But we can't see your profile. If you don't want people commenting on your channel, why not just block that? So tell me. What are you scared of? Why are you such a coward? Why do you keep making excuses?
Videos like this are just plain irresponsible... Yes, some poor whole policies sold by some poor whole companies fit this description... But there are also policies that can be paid up early, and by retirement age, the investment has doubled and the death benefit has likely quadrupled.. oh yeah, and the sacred "difference" that primerica wants you to invest is still in the stock market... an earned balance on a real whole life policy will never suffer a lose... EVER.. not to mention that
IT's Back - search "Primerica - the truth" to see how I've proven how inferior of a product the Primericans are selling. Add to it these facts - They won't sell a 30 year to anyone above age 45. They won't guarantee the renewal premium on the policy illustrated as it's face amount in $1 million. This is all coming directly from Primerica and the illustrations they have provided!!! Thanks Jgille85 for the assist.
That is not all true......you can have them to pay out the cash value upon death, you have to be careful, these are complicated, make sure your insurance advisor is experienced in ALL facets of the industry.
I love how all of these so called professional agents talk about us cursing. Here's a quote from SuperLifeguy "Let's see, you have "upline" managers who get a piece of all your business, you have "regional VP's" who get a piece of all the "upline" managers take and if you recruit people into the business you get a piece of their production. Hmmm if it looks like shit, smells like shit it is shit!!!!" You can view this on the page Primerica and Arthur Williams-An Inconvenient Truth.
So it's clear the Primerica fools are still cursing and making no sense. Search "primerica vs the competition" to see what term you should be buying!!!
@crb4059: Ok North Western Mutual agent, no one is buying your bull shit! Go see the Dave Ramsey videos and he'll tell you the truth about North Western Mutual and the shit insurance you guys sell! If Primerica is an inferior company, then why do so many clients leave your company and switch to us?
With NW Mutual your beneficiaries get the face value PLUS cash value, but their interest rate that it earns is exceptionally higher than its peers( number one in the industry) that the interest will EVENTUALLY PAY the premium every year until its fully paid off. Primerica is an inferior company.
FYI - I had my compliance meeting on Friday - they warned us all about making any claims, any product comparsions, any ROR's, anything can could be considered advice or a solicitation. I'm assuming many of you had the same experience based on the lack of posts lately. Just a heads up!!! Keep up the fight via clients one on one!!!
@PFSRVP57: FraudAssRVP I'm reporting you to the compliance department. Who the hell are you to tell me what to do? You are nothing! I'm reporting you to compliance for taking sides against fellow Primerica agents. Oh wait you're insurancemike10; I forgot. Hey IllegalMichelle how does it feel to be owned?
@PFSRVP57 Caught you stupid asshole! Michelle I checked your yt page and saw you use the same quote as under this username. For now on PFSRVP57 is FraudAssRVP57!
@PFSRVP57: I'll tell you why else I think you're full of crap. You want to report PFS people to the compliance department, but you don't want to report all of the false information the other agents have posted about Primerica. Insurancemike10 called us a pyramid scheme which he could get in trouble for, but you said nothing to or about him. Amazing! What; you're only out to hurt people from your own company?
On behalf of all PFS RVPs & associates I would like to apologize to everyone for the foul language & misrepresentations a few of our representative have been making. By this post I'm asking ALL PFS reps who have been posting to cease & desist. These posts have been reported to our compliance department & an investigation is under way. We at Primerica are proud of our professionalism & the actions of a few are clearly not what we represent. Again we apologize.
@insurancemike10: IllegalMichelle you're incapable of reading! Read the post below dickhead! Where do you see the word income? This is what I said.."3. DB is subject to taxes" Didn't say income tax idiot! Also are you arguing with Wikipedia that said the DB is estate taxable? See how stupid you are!
@insurancemike10: Proceeds paid by the insurer upon death of the insured are not included in gross income for federal and state income tax purposes; however, if the proceeds are included in the "estate" of the deceased, it is likely they will be subject to federal and state estate and inheritance tax. Ever heard of wikipedia?
@jgilles85 But you stated that only WL DB was subject to income tax and now you are trying to back up and rewrite history. AND ALL personally owned life insurance is includable in the calc for estate tax, the DB is NOT estate taxable, just included in the calc.
@insurancemike10: No these are the real disadvantages of Whole Life. 1. You don't get both the DB and CV 2. Borrowing against your own policy 3. DB is subject to taxes 4. Surrendar charge if policy is cashed out. 5. Loan int rate is higher than guaranteed int. rate. 6. Policy Exclusions 7. Crooked insurance agent like IllegalMichelle who tells you the opposite of the truth!
@jgilles85 1 You get more than the DB plus CV, You don't borrow you money, you withdraw it to basis and then borrow at a zero cost "loan" as to avoid income tax, DB is NOT subject to Tax - where did you get that one? There are NO surrender charges in WL, No Exclusions - You simply lie
Here are more "disadvantages" of Whole LIfe 1. death benefits, premium and cash value all guaranteed. 2. self completes in event of disability 3. No income limits as with Roth 4. Tax deferred growth 5. access to $ tax free 6. tax free DB 7. No contribution limits 8. No penaltay for early withdrawals 9. Systematic savings 10. Increasing DB well beyond original face amt. And on and on!!!
@insurancemike10: I'm not afraid of shit dumb ass. You don't know anything about telling the truth and wouldn't know the difference between the truth and a hole is you ass! Oh wait you are one! If I was afraid I wouldn't have challenged you to post your statement on YT! You're the one who's afraid or else you would post your statement on yt! I'm willing to bet you don't even own a WL policy and you BTID! Prove me wrong chicken shit! If you have the balls?
@rcdrury1: Read permanent insurance policies more carefully and you'll find that no one gets the savings, making the tax advantage on them irrelevant!
@jgilles85 That's funny I just read mine and there is NO SUCH statement. But your Regional VP told you to say that so that's what you do. You are a Primerica puppet
Actually, the cash value never matches the death benefit. Also, Primerica is dishonest since the term is never level throughout the 35 years claimed in this video. They are level for 20 years and then they increase as the attained age. Funny how the narrator calls whole life a scam while presenting dishonest information about its own product all within a 1:57 video.
Got Probs as he tried to "pick" a date in history to show 20 year returns - Picking dates that make your theory work? Try the same example starting in 1989 moron!!! 20 year actual ror for large caps is 5.41% take out taxes and fees you are south of 1%. Same thing for 1988, net out taxes and fees you are south of 4% - thanks for proving my point!!! Buying term and investing diff can't work against permanent due to the tax advantaged growth - 5% in this is far better!!!! I win once again!!!
This is just so egregiously incorrect. . .I don't even know where to start. Info like this just preys on a poorly knowledgable public. Yes, the commission is high on the first year for the agent...but whenever high value is brought to anyone and large sums are transacted, this is what will happen. When I used to sell high end cars, the commissions were far higher than selling Toyota's...or selling a Hampton home vs something small...this all is just very out of place. Study deeper to learn truth
What Primerica doesn't tell you is that they charge you a hefty interest rate for the option to pay your premiums monthly. The APR is scandalous to say the least!!!
@insurancemike10 You are mistaken, the charge is a whopping 34.17%. You need to keep the following facts in mind:
1. The amount financed is NOT the full annual premium but only 11 months' worth since the first monthly premium is paid at the beginning of the first month;
2. The financing period is NOT 12 months but 11 months for the same reason as given above. The 12th installment is paid at the end of the 11th month, not at the end of the 12th month.
@insurancemike10 An online calculator is available for you at WinQuote dot net. Go to WinQuote dot net, select US or Canada, then click on "Financial Tools", and at the Financial Tools menu, select "Modal Premium Cost Rate". Now, type in the annual and monthly premium figures and click on "Calculate". The APR is then displayed for you in red.
It is high time that consumers have this tool to find out just how much they are paying to finance life insurance premiums!
End quote from clip: "Don't trust what any old yock puts on an unregulated web page."
Especially this one. Primerica is a scam; and their agents poorly qualified. Whole and universal life products are the best option for some; the worst option for others. Anyone who doesn't understand the appropriate applications for all types of life insurance is not a qualified advisor.
I have a product, it grows $ tax deferred, you can access tax free, you aren't restricted by age to access the $, you earn about 5% tax free - much like bonds but with higher ROR, if you become disabled the plan self completes and you still controll all the $, if you die prematurely your benes get a huge amt. of $ tax free, you can skip contributions or increase/decrease them as needed, you can annuitize it to guaranteed income for life........all this? yep, what product is it? WHOLE LIFE!!!
I agree with you the client can do better with more options... that is why I change to term I can do with the difference (cash) whatever is best for me and my family.
Great information for the unknowing or ignorant people out there. About 80% of people with LI have the crap cash value. No offense, but the music was a little creepy lol.
@anwaruddin1981 Not only didn't government ban it; they approved it, and rightly so! Permanent life insurance is an absolute necessity for certain situations. Some people need term, some need WL, some need UL; but most need a combination.
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Shaft: Face it. you are just a fricking looser that couldn't make it so now you think that you have the balls to take on Primerica, Why don't you face up to the fact that you are just a world class looser that is looking to blame everyone else for your own lack of performance. Besides If the rest of these butt holes like agonybuilder that are nothing more than indudustry loudmouths couldn't take on Primerica and win and now a world class looser like you wants to join them. Stop blaming PFS AH.
Agonybuilder: You are not even worth the efforf of debating you. I have more important things to do than sit here and argue with a worthless insurance agent crook like you. You don't know shit about insurance, you don't know shit about Primerica and you sure as hell don't know shit about me so you can kiss my ass.
I don't care who is watching. Suze, other agents and I believe that the client can do better if they were to work with an agent that has access to multiple companies.
WTF Bankerking, I can't open my email without readiing reply from Banterking. I don't know if for some reason someone is watching. but they need to watch you. Quit trying to bait me.
Banterking was unable to answer this question, so I'll post it around and see others handle it: What advantages does an HONEST primerican have over an HONEST broker?
Because you guys don't answer qutestions. Replying is different from answering. You guys are the equivlalent of Sarah Palin in politics. I guess next you will quit. LOSERS!
Blond tell me how can you honestly sell a 30yr term that is only guaranteedt to remain level up to the 20th yr, when the client can get a 30yr fully guaranteed level policy for less?
Agony: I will answer real quick then I gotta go again. I guess you are a supporter of Obama and to me that explains a lot. Agony: why do you keep bringing up the same old 30 yr term question when I told you to prove that it isn't guaranteed. I won't give you the satisfaction of an answer because you will just call me a liar anyway. You still won't have the balls to admit that in the USA that there is Ul policies that pay dividend when there are so why should I answer your stupid questions. By By
Blond I know one of your friends told you that I am right and that none of your term policies are guaranteed to remain level past the 20th year. I know how that Custom Garbage and Custom take Advantage works. Grasshopper already admitted that it .
Agonybuilder: Are you joking? My friends laugh every time you post because they all know that you are full of shit and are the dumbest agent they have ever seen. Gotta go back to the family for vacation. I just didn't want to disapoint you and not respond back. So Long LOOSER.
Why did Grasshopper admit it. Are you calling him a liar and uneducated about your products? Between the both of you guys you have close to 50yrs experience why lie or why not know how you term works?
What happens to the insured if he happens to live after the term is over? and where do I invest the money that you were talking about? It doesn't make sense to me especially if after the term of the insurance is over I still need coverage and my health, say 20 yrs ago, is not very good. I might end up being uninsurable or may have to pay a ridiculous amount of money just to have a protection. This is a very unsafe advice... tsk! tsk! tsk!
I hope that Stufrogg and Banterking know that the more they harass Basspig, the stronger you are going to make his convictions against Primerica and Primericans.
Maybe Basspig needs to post a new video addressing his experience with Primerica. You guys are pushing him towards it. So, basically, by acting like jerks, you guys could be further running you companies already poor name further through the mud.
Can't we all just get along? Or, at least converse like mature adults.
Basspig I commend you for leaving that company. I have no problem with the agents. But once I exposed them to the truth. Basically there is a need for permanent insurance and because of many Americans financial situation that they will have a permanent need for insurance. If any agent disagrees Primerica or not I will ride them.
TheCoach17 is right. When he says "BTID isn't a terrible idea, it just isn't the only idea and shouldn't be pushed on people and the be all and end all" he makes a good point. This is actually how most people feel who sell WL products (in addition to term, investments, yada yada yada).
That being said, Basspig is pretty down to earth as well (though I disagree with his video).
@wodendog BTID isn't a terrible idea, for the right client. I'd even suggest that it is appropriate for the majority. However, to preach it, as Primerica does, as universal is extremely irresponsible. There IS such thing as a permanent life insurance need (final expense, estate creation, estate tax planning, etc.), and by definition that can't be done with term insurance. Also, when properly structured in an appropriate scenario, tax advantages in life insurance can make it best for saving.
The most important part of this video is the line "Don't trust what any idiot puts on an unregulated webpage". Including the idiot that posted this garbage biased video on this 'unregulated webpage'. This is the most unprofessional video I've ever seen endorsed by a company. All I have to say is wow!
I was the original producer of the video. The disclaimer line at the bottom/end of the video states that Primerica did not endorse or commission the production of this video. I should note that I no longer have any business relationship with Primerica, not because of the products, but because of the deception that my recruiter used to entice me into the business: (no cold calling required).
The video seems to have taken on a life of its own, being reposted by other YouTube users.
well I guess at least I'm glad to hear that Primerica is sensible enough to distance themselves against this type of garbage. Nothing personal, but I just think this video is a joke...especially when it mentions that the "Whole Life industry" has created a smear campaign against Primerica, when this is nothing more than a completely one sided smear campaign against the 'whole life industry'.
and if there is a smear campaign against Primerica it's likely becuase of it's limited product shelf/one size fits all approach when they are the most expensive in the industry. Little to do with the theory, more to do with a junk product. Just my thoughts....
In our weekly 'training' sessions, they would bring in various former WL salesmen, who would make comparisons, show us 'horror stories' about families they 'saved' from the WL 'rippoff', and so on. At the time I made this video, I really believed that 'buy term, invest the diff' was a valid concept. It may in fact be. The industry is polarized; it depends on whom you work for. At this time, I have no pecuniary interest in insurances or Primerica. This video remains for historic purposes only.
That's probably the first problem...they brought in "salesmen" (AKA: policy pushers), that just sold for the sake of selling something and not unbiased advisors that do what the client needs and should have. And why would they teach you anything that would make thier company/philosophy look bad? BTID isn't a terrible idea, it just isn't the only idea and shouldn't be pushed on people and the be all and end all. Again, nothing person or anything, just throwing some opinions out there.
Stufrogg: What makes Primemrica the best product on the market for clients? The fact that it's expensive or the fact that it's full of completely useless added on features that 99% of people would have no use for if the BTID strategey actually worked? Gauranteed Renewable is great, but at what cost? If a person is renewing their term insurance to age 100, chances are very good that they would have been far better off going with W/L in the begining.
If buy term and invest the difference doesn't work, then why are 3 million Primerica clients investing $25 Billion in mutual funds, and why does Primerica Life have $639 billion face amount in currently in force?
If BT&ITD doesn't work, then why have we been doing it for 32 years?
It's plain and simple: My mom wanted 100,000, not 15,000 if my dad died! Same premium.
Why would they need W/L? with BT&ITD, they will savings + ins.
Stufrogg: And for the record, I'm a broker who sells both term and W/L depending on which is more appropriate. I'm not some one trick pony that only learns one product line based on what a manager and marketing team tells me is the truth. Both products have a purpose, which is why both products are available on the market.
The top term carriers all have better features then your company Stufrogg. Terminal illness, guaranteed insurability at the end of the term, what else you want to throw out. Oh that increasing benefit rider, if BTID is such a guarantee there would be know need for this paid feature.
Dude you guys never change...we have terminal illness benefit...and also, your guaranteed insurability is guaranteed into Whole Life only. If you want term again, you've got to qualify...so if someone is uninsurable, they are SOL. In ten years in the business, I've seen only 1 that wasn't. Your Term is easy to destroy, because it always leads back to trash value!
Agony builder You are being a liar again. I just told you I renewed a Primerica term that 10 years later the client was able to have the same coverage for .75 cents less per month. You have even said yourself that it is impossible. Looks like it is only impossible if you work for everyone else except Primerica. HA, Gotcha again.
Wow, does it renew like that 30yr term? Let me tell you how crappy this 30yr term was? 30yr term premiums were guaranteed to remain level for only the 1st 20yrs. After the 30yr if still in force it renews to another term but the premiums increased every 5 years to a certain age. I call it crappy because it is not full guaranteed to remain level and then the renewal into a another term you guys have been promoting, premiums increase every 5 years. Convertable permanent products are better
Ha Ha Ha. You just proved that you don't know a damn thing about Primerica. Your stupidity level just keeps going up. Increase every 5 years for sure? LIAR. Convertable permanent products are not better. If you put your brain in gear rather than just spout off your mouth you might be believable. You were provided with two ears and one mouth which means you should listen twice as much as you talk so maybe you should shut up and listen but you are too much of a know-it-all to do that.
About the level period of your term. Ask Grasshopper he admitted it. "Primerica has never raised it rates." I did not say that they raised their rates. 25 and 30yr policies have not been around for 20yrs yet. But on the 20th anniversary of the poiicies no one knows what the company is going to do. They can raise the rates. . If you guys are bought out, who is to say they will not raise the rates? I asked this before, for some reason it was not answered.
No, but most of us read the real bible which says "thall shall not steal"
Who ever claimed it remained level after that? BT&ITD is still, BY FAR, a better deal. Dude, just run the numbers!! The Math don't lie!! It's not gray: Its black and white!!
Dude we are both wasting our time! You guys haven't changed in 32 years, and I'm sure as hell not gonna change!
The bible also says, "You shall not bear false witness against your neighbor".
So let me ask you this. By having Parents who work for Primerica, is it "possible" that you might be biased? They have obviously had an influence on you.
Also, things in the world of insurance and finance are seldom black and white. Just think of all the situations and variables you experience with sitting down with just one family. Think of the market, mortality rates, inflation, war, and the economy.
AgonyBuilder: Are you sure about Primerica term guarantee? You claim to be such an expert on Primerica so you should be able to make sure! We all say the same thing? All you cash value agents say the same thing also. If we are all wrong then I dare you to take on our home office, our leaders, our founder, our agents and anyone else that believes in what Primerica does. Are you going to take us on or are you just going to stay here on You tube and talk smart?
To get referrals, first, you have to contact another human being. If no one in your immediate family is interested, and none of your personal friends are interested, then you're on to strangers and the good old telephone book. You can't get referrals if you don't know anyone who has any respect for your product.
so go contact another human, and do a presentation! there is like 50 million people in the usa alone! Go make a friend! ask somebody at church to help you out! ask a friend at work! there's a millions ways to ask people for help...get involved in people's lives! Do something good for someone then ask them for help! the new Auto and Home program is a great door opener..Dude quit making excuses...you think it's supposed to be easy! Being a crusader is never easy, but you do it anyway!
To be frank, this isn't how I want to make a living. I don't particularly like dealing with people, especially such a vast collection of stupid people that I must deal with from day to day. I'm not a church-goer, don't believe in that dogma, and personally have no natural interest in finances, insurance or selling. The business was misprepresented to me by the upline guy, and I was careless not to catch that soon enough. Primerica is for a certain kind of person, just not me.
Okay that makes sense...but did the guy really misrepresent, or did you digest the information wrong? Some people have a "Victim" mentality, not a "Victor's" mentality. With these people, it doesn't matter what you say,...they will always say they were misrepresented.
I appreciate you being honest, "it's just not for you", but ulitmiately, you can't blame anyone else, but yourself. You can absolutely hate your recruiter and still win here!
He definately misrepresented Primerica, when he told me that there would be no cold-calling and that I could network with my family and friends. What he didn't tell me was that intelligent people would reject the whole scheme and I would be stuck, hundreds of dollars in the hole (for insurance classes and license fees, not to mention hundreds of hours lost from my life. The guy was a former co-worker before I retired and the more I got to know him, I realized he's not honest. w/self or others.
so what yuou are saying basspig is......you have no credability with you family and friends. i have been around for 5 and a half years and never ever would i tell anyone to cold call !! i think you were just to scared or had no knowledge of what to say to your family, so now they have what..... trashvalue.all because you have no credability......and you blame your agent? GIVE YOUR HEAD A SHAKE INTELLEGENT PEOPLE SEEK OUT THE BEST # FUNDS , GREAT INS,SHOW PEOPLE HOW TO PAY DOWN THERE DEBT !!
I have LOTS of credibitlity with my family and friends, and that is why they were shocked that I had gone off on this wild goose chase for almost a year. None of them would consider getting involved in a pyramid scheme--all earn their living in more honest ways. There is a kind of religious zealotry about Primerica reps that I've met. They all think it's the holy grail, but in reality, there are easier and better ways to make a living, honestly.
basspig: What pyramid scheme? I will agree that there are easier ways to make a living but not necesarily better. Primerica is just like other companies in the fact that they get good people and bad people. Primerica just like other companies gets people that want to work and those that don't want to work. I'm sorry your experience wasn't great but that doesn't make the company bad. Are you saying that your family and friends are the judge of the whole country?
After experiencing Primerica on the inside, I realize that the base shop leader was about as honest as a car salesman. Sure, he sounded good, but the reality is, if you run out of friends to recruit (and none of mine fell for this scheme), you're either into cold-calling or finding some other line of work. In retrospect, it's not the kind of 'work' I enjoy and I'm glad I cut my losses and left in the first year. A year is long enough to realize time wasted.
Basspig: It is sad to say but people doing the wrong things happens in Primerica and in every company. Regardless of what company name someone is working for especially in the Financial Business when some people get into leadership positions It goes to their head and they teach the wrong way of doing things. It sounds like your base shop leader was doing that.
Bond: It is generally thought that Primerca has a Pyramid-like scheme. You've seen the articles. Primerica is somewhat unique in that it puts a very high emphasis on recruitment. One's success at Primerica relies more on recruiting people under you, than most other companies.
I'm not saying that other companies don't recruit, they do. But, most people at most other financial services companies aren't really even thinking about recruiting, unless it's their actual job to recruit.
Wodendog: People think that way but that doesn't mean that it is right! Others call Primerica a MLM company which isn't true either because of our product cost base for client and representative. Pyramid Schemes are illegal and provide no product to sell (at all). I know because I exposed one in my state and over 14 people went to jail because of it. I also thank you for explaining why I like Primerica vs other Financial Services Companies. I will show this when I do my five interviews today.
did you know that all i mean all great companies recruit.....did you ever hear of distribution? if you put a starbucks,or mc d's on every corner you might have something. well primerica understands this and lets the reps grow if they choose. you do not have to recruit if you don't want to.
banterking, what's wrong with you? Why would you preface a statement like that with "fact", when it is clearly (I repeat CLEARLY) false.
For starters, if a broker wanted to make a high commission, he wouldn't sell cheap 10 year term. Second, they just don't sell WL to everyone they see.
Blindly and blatantly demonizing those in the industry who are not Primericans is foolish. Just because brokers can better serve their clients, doesn't mean you have to lie.
You are a joke dude, you guys claim that everyone is commission hungry. Then claim that they sell 10yr term. Only someone that is brainwashed would believe that.
Because I was licensed, I was in the field, I understood the business, I still understand the business, I read, and I stay in contact with people in the industry (from multiple companies).
oh it' like your hobby oh............LET ME GET THIS RIGHT YOU ARE NOT IN THE FIELD.......YOU HAVE KNOW FRIGGING IDEA WHAT I SEE AT FAMILIES TABLES ,NOW DO YOU? HOW DARE YOU COME ON HERE AND PREACH WHAT IS GOING ON AND WHAT I SOLD TO FAMILIES.
refute what? you have no frigging clue your not even licensed !!! YOU MAKE STUFF UP AND I HAVE TO REFUTE? YOU HAVEN'T SAID ANYTHING WORTHWHILE EXCEPT THE FACT YOU HAVE NO LICENSE !!! THEREFORE YOU ARE COMMENTING WAY ABOVE YOUR PAY GRADE !!
Wodendog: Primerica products are far from sub par. What are you basing your comment on, price? When I compare the total insurance program to opposition company term and all the options that Primerica offers vs what they offer and I lay them out in a side by side comparison customers hands down pick Primerica Term.
Sorry about that last post, I thought you where banterking. We've been trading messages all day. If I say something out of character to you, assume I mistook you for banterking (AGAIN).
Mr. Bond (and I do mean Mr. Bond), earlier today I brought up that fact that although Suze Orman and Dave Ramsey support BTID, they would not support Primerica LI. To SO and DR, the three factors that seem to matter to them are 1). Correct DB amount, 2) Correct duration of the policy [which they almost always support 20 LT] and 3) Cheap price. 3 is where Primerica falls short (all companies have 1&2). Both encourage shopping around for the best price and they even tell you where to look.
Good point Wodendog, you would think if the BTID principle is so solid and they have been doing it for 30+yrs. Dave and Suze would be endorsing their company because all of the financially independent families they helped. If I was in charge of marketing, I would have brochures and on the website testimonies of all the financial independent families we made. Guess there is none. I could be wrong, not about the marketing idea though.
Subpar, tell my should a consumer pay more for a partially guaranteed term when they can get it guaranteed for less? Anyone with common sense would take the guarantee. You haven't compared your term side by side with nothing. Now I am flat out calling you a liar.
Blond: Do you tell them that your term is only guaranteed to remain level for the 1st 20yrs? Do you tell them that they can buy a guranteed level term policy for longer than 20yrs with just about every other company? No, no. Because you don't know how your own products work. Gee, now I know why your company was pushing for the "term only license".
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Agonybuilder: When you were born did your mother crap you out and you hit your head on the cement? You are the stupidest agent out there. You keep commenting the same way and when people answere you you call them a liar. You don't know shit about Primerica so when you say that you replace a Primerica policy (which I doubt you do) you must lie to the client. Like I said there is no way a moron agent like you would replace my customers policies.
Banterking, I like how you claim to always be doing the "right" think for people, like you take a moral high ground. However, when you treat everyone you meet like an asshole, it's hard to take you seriously.
banterking: I understand Basspig's situation because I went through it myself. I had a reall crappy RVP that when you asked him a question of how to do something his answer was always "The correct way". What an *** hole. I don't know the rest of Basspig's story. Mine was that I believed in what Primerica did for my family and so I sought for other leadership. I ended up with NO leader for over 2 years until I found an RVP that studied the success leaders and taught that to us.
basspig: No matter what you say cold calling is not a requirement to do Primerica and I will tell you that when you make a statement like "intelligent people would reject the whole scheme" it shows me your personal mentality. If your Primerica rep wasn't honest then that was "HIM" not Primerica. Just like any company if they have a lawbreaking person with them then that person needs to be put out of business but that doesn't mean that any company is bad.
no market risk? 5% return? tax deferred build up? tax free withdrawal? Zero net cost loans? Self completes if you become disabled? Lawsuit and creditor protected in 43 states? tax free death benefit? No 591/2 rule on distributions? No RMDs? No contribution limits? And people say this is a bad product? Really? The truth be told it very well may be the best financial product you can own!!!
aIprime1 5 months ago
Market loses big, therefore "buy term and invest the difference" doesn't work. Boy some trash value agents are desperate!
yoranasshole 6 months ago
Market loses 635 points in one day!!!! How's the "Buy Term and Invest the Difference" theory going? LOL!!!
insurancemike10 6 months ago
talk about wrong, very wrong. First, Whole Life pays no interest, none, nada. Depending on the policy it is structured to guarantee the cash value will be equal to death benefit at 100-121 years of age. That's the guarantee. Then you have dividends which also help it grow as well, which average, depending on company, currently around 5% on average. Oh well.
magicktrick 9 months ago
There is no dissadvantages of Whole Life!!! Pure and Simple!!!
Jgillie85 11 months ago
@Jgillie85
No disadvantages to Whole Life?! LMFAO! Buy term and invest the difference. There's nothing better. Pure and simple! :-)
bluelite7x 7 months ago
@Jgilles85's_imposter
No disadvantages to WL?! WTF?! Either you've never heard of the "Four Funny Banking Rules" or you're doing what you do best. Lie and deceive. LMAO! Imposter!
yoranasshole 6 months ago
@yoranasshole Please tell us all oh master how buying a policy that expires is better? please tell us how the markets have done over the last 12 years? Oh, negative that's how!!! You are the A Hole buddy boy. And PS - Primerica sells the highest premium term on the market, which is cleary what you are selling!!!
Jgillie85 6 months ago
This has been flagged as spam show
@Jgillie85
Are you really this stupid or are you trolling?
yoranasshole 6 months ago
So tell me, Jgillie85. What do you have to hide? Why is your channel unavailable? The so called "imposter" who supposedly stole "your" username left his profile available for all to see. He must have stolen it awhile back, as it has been around for over a year. But we can't see your profile. If you don't want people commenting on your channel, why not just block that? So tell me. What are you scared of? Why are you such a coward? Why do you keep making excuses?
yoranasshole 6 months ago
Videos like this are just plain irresponsible... Yes, some poor whole policies sold by some poor whole companies fit this description... But there are also policies that can be paid up early, and by retirement age, the investment has doubled and the death benefit has likely quadrupled.. oh yeah, and the sacred "difference" that primerica wants you to invest is still in the stock market... an earned balance on a real whole life policy will never suffer a lose... EVER.. not to mention that
gggaaallleeennn 1 year ago
@gggaaallleeennn Great points
SuperLifeguy 1 year ago
@gggaaallleeennn really great points
SuperLifeguy 1 year ago
@gggaaallleeennn
ALL WL policies fit this description, otherwise it wouldn't be cash value
yoranasshole 6 months ago
IT's Back - search "Primerica - the truth" to see how I've proven how inferior of a product the Primericans are selling. Add to it these facts - They won't sell a 30 year to anyone above age 45. They won't guarantee the renewal premium on the policy illustrated as it's face amount in $1 million. This is all coming directly from Primerica and the illustrations they have provided!!! Thanks Jgille85 for the assist.
SuperLifeguy 1 year ago
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insurancemike10 1 year ago
That is not all true......you can have them to pay out the cash value upon death, you have to be careful, these are complicated, make sure your insurance advisor is experienced in ALL facets of the industry.
KNT0791 1 year ago
I love how all of these so called professional agents talk about us cursing. Here's a quote from SuperLifeguy "Let's see, you have "upline" managers who get a piece of all your business, you have "regional VP's" who get a piece of all the "upline" managers take and if you recruit people into the business you get a piece of their production. Hmmm if it looks like shit, smells like shit it is shit!!!!" You can view this on the page Primerica and Arthur Williams-An Inconvenient Truth.
jgilles85 1 year ago
@jgilles85 and your point would be? And please stop sending me private posts asking me to leave you alone.
SuperLifeguy 1 year ago
@SuperLifeguy Sorry but the guy sending you private posts is an imposter. He's been using a fake ID and posting as if he's me. My apologies.
insurancemike10 1 year ago
@SuperLifeguy: See StupidLieguy's video to see misleading information! You are the tool you bitch!
jgilles85 1 year ago
So it's clear the Primerica fools are still cursing and making no sense. Search "primerica vs the competition" to see what term you should be buying!!!
SuperLifeguy 1 year ago
@crb4059: Ok North Western Mutual agent, no one is buying your bull shit! Go see the Dave Ramsey videos and he'll tell you the truth about North Western Mutual and the shit insurance you guys sell! If Primerica is an inferior company, then why do so many clients leave your company and switch to us?
jgilles85 1 year ago
@jgilles85 tool
SuperLifeguy 1 year ago
With NW Mutual your beneficiaries get the face value PLUS cash value, but their interest rate that it earns is exceptionally higher than its peers( number one in the industry) that the interest will EVENTUALLY PAY the premium every year until its fully paid off. Primerica is an inferior company.
crb4059 1 year ago
This has been flagged as spam show
FYI - I had my compliance meeting on Friday - they warned us all about making any claims, any product comparsions, any ROR's, anything can could be considered advice or a solicitation. I'm assuming many of you had the same experience based on the lack of posts lately. Just a heads up!!! Keep up the fight via clients one on one!!!
BTID24 1 year ago
@PFSRVP57: FraudAssRVP I'm reporting you to the compliance department. Who the hell are you to tell me what to do? You are nothing! I'm reporting you to compliance for taking sides against fellow Primerica agents. Oh wait you're insurancemike10; I forgot. Hey IllegalMichelle how does it feel to be owned?
jgilles85 1 year ago
@PFSRVP57 Caught you stupid asshole! Michelle I checked your yt page and saw you use the same quote as under this username. For now on PFSRVP57 is FraudAssRVP57!
jgilles85 1 year ago
@PFSRVP57: I'll tell you why else I think you're full of crap. You want to report PFS people to the compliance department, but you don't want to report all of the false information the other agents have posted about Primerica. Insurancemike10 called us a pyramid scheme which he could get in trouble for, but you said nothing to or about him. Amazing! What; you're only out to hurt people from your own company?
jgilles85 1 year ago
On behalf of all PFS RVPs & associates I would like to apologize to everyone for the foul language & misrepresentations a few of our representative have been making. By this post I'm asking ALL PFS reps who have been posting to cease & desist. These posts have been reported to our compliance department & an investigation is under way. We at Primerica are proud of our professionalism & the actions of a few are clearly not what we represent. Again we apologize.
PFSRVP57 1 year ago
@insurancemike10: IllegalMichelle you're incapable of reading! Read the post below dickhead! Where do you see the word income? This is what I said.."3. DB is subject to taxes" Didn't say income tax idiot! Also are you arguing with Wikipedia that said the DB is estate taxable? See how stupid you are!
jgilles85 1 year ago
@insurancemike10: Also IllegalMichelle the loan rate is always higher than the interest earned rate! Zero cost loan? Ha you've been exposed!
jgilles85 1 year ago
@jgilles85 That's actually completely wrong but nice try.
insurancemike10 1 year ago
@insurancemike10: Proceeds paid by the insurer upon death of the insured are not included in gross income for federal and state income tax purposes; however, if the proceeds are included in the "estate" of the deceased, it is likely they will be subject to federal and state estate and inheritance tax. Ever heard of wikipedia?
jgilles85 1 year ago
@jgilles85 But you stated that only WL DB was subject to income tax and now you are trying to back up and rewrite history. AND ALL personally owned life insurance is includable in the calc for estate tax, the DB is NOT estate taxable, just included in the calc.
insurancemike10 1 year ago
@insurancemike10: No these are the real disadvantages of Whole Life. 1. You don't get both the DB and CV 2. Borrowing against your own policy 3. DB is subject to taxes 4. Surrendar charge if policy is cashed out. 5. Loan int rate is higher than guaranteed int. rate. 6. Policy Exclusions 7. Crooked insurance agent like IllegalMichelle who tells you the opposite of the truth!
jgilles85 1 year ago
@jgilles85 1 You get more than the DB plus CV, You don't borrow you money, you withdraw it to basis and then borrow at a zero cost "loan" as to avoid income tax, DB is NOT subject to Tax - where did you get that one? There are NO surrender charges in WL, No Exclusions - You simply lie
insurancemike10 1 year ago
Here are more "disadvantages" of Whole LIfe 1. death benefits, premium and cash value all guaranteed. 2. self completes in event of disability 3. No income limits as with Roth 4. Tax deferred growth 5. access to $ tax free 6. tax free DB 7. No contribution limits 8. No penaltay for early withdrawals 9. Systematic savings 10. Increasing DB well beyond original face amt. And on and on!!!
insurancemike10 1 year ago
@insurancemike10 BTW I will never call you a tool, TOOLS ARE USE FULL .
probslpwtyormama 1 year ago
@insurancemike10: I'm not afraid of shit dumb ass. You don't know anything about telling the truth and wouldn't know the difference between the truth and a hole is you ass! Oh wait you are one! If I was afraid I wouldn't have challenged you to post your statement on YT! You're the one who's afraid or else you would post your statement on yt! I'm willing to bet you don't even own a WL policy and you BTID! Prove me wrong chicken shit! If you have the balls?
jgilles85 1 year ago
@insurancemike10: IllegalMichelle you don't know how to read or tell the truth! Why don't you post your statement on youtube and prove me wrong?
jgilles85 1 year ago
@jgilles85 You guys are so afraid of the truth!!
insurancemike10 1 year ago
@davegooley: I think you and insurancemike10 should hang out together! You could have a contest for who lies more!
jgilles85 1 year ago
@rcdrury1: Read permanent insurance policies more carefully and you'll find that no one gets the savings, making the tax advantage on them irrelevant!
jgilles85 1 year ago
@jgilles85 That's funny I just read mine and there is NO SUCH statement. But your Regional VP told you to say that so that's what you do. You are a Primerica puppet
insurancemike10 1 year ago
Actually, the cash value never matches the death benefit. Also, Primerica is dishonest since the term is never level throughout the 35 years claimed in this video. They are level for 20 years and then they increase as the attained age. Funny how the narrator calls whole life a scam while presenting dishonest information about its own product all within a 1:57 video.
davegooley 1 year ago
This has been flagged as spam show
Got Probs as he tried to "pick" a date in history to show 20 year returns - Picking dates that make your theory work? Try the same example starting in 1989 moron!!! 20 year actual ror for large caps is 5.41% take out taxes and fees you are south of 1%. Same thing for 1988, net out taxes and fees you are south of 4% - thanks for proving my point!!! Buying term and investing diff can't work against permanent due to the tax advantaged growth - 5% in this is far better!!!! I win once again!!!
insurancemike10 1 year ago
This is just so egregiously incorrect. . .I don't even know where to start. Info like this just preys on a poorly knowledgable public. Yes, the commission is high on the first year for the agent...but whenever high value is brought to anyone and large sums are transacted, this is what will happen. When I used to sell high end cars, the commissions were far higher than selling Toyota's...or selling a Hampton home vs something small...this all is just very out of place. Study deeper to learn truth
lexusambassador 1 year ago
@lexusambassador "selling high end cars"? ummm i think you should go back to selling cars. you are brain washed by trash value companies.
probslpwtyormama 1 year ago
@probslpwtyormama Still causing trouble wherever you go? What do you do for a job?
davegooley 1 year ago
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probslpwtyormama 1 year ago
What Primerica doesn't tell you is that they charge you a hefty interest rate for the option to pay your premiums monthly. The APR is scandalous to say the least!!!
Ami1836 1 year ago
@Ami1836 They charge 14%>
insurancemike10 1 year ago
@insurancemike10 You are mistaken, the charge is a whopping 34.17%. You need to keep the following facts in mind:
1. The amount financed is NOT the full annual premium but only 11 months' worth since the first monthly premium is paid at the beginning of the first month;
2. The financing period is NOT 12 months but 11 months for the same reason as given above. The 12th installment is paid at the end of the 11th month, not at the end of the 12th month.
3. The principal declines monthly.
Ami1836 1 year ago
@insurancemike10 An online calculator is available for you at WinQuote dot net. Go to WinQuote dot net, select US or Canada, then click on "Financial Tools", and at the Financial Tools menu, select "Modal Premium Cost Rate". Now, type in the annual and monthly premium figures and click on "Calculate". The APR is then displayed for you in red.
It is high time that consumers have this tool to find out just how much they are paying to finance life insurance premiums!
Ami1836 1 year ago
End quote from clip: "Don't trust what any old yock puts on an unregulated web page."
Especially this one. Primerica is a scam; and their agents poorly qualified. Whole and universal life products are the best option for some; the worst option for others. Anyone who doesn't understand the appropriate applications for all types of life insurance is not a qualified advisor.
rcdrury1 1 year ago
This has been flagged as spam show
I have a product, it grows $ tax deferred, you can access tax free, you aren't restricted by age to access the $, you earn about 5% tax free - much like bonds but with higher ROR, if you become disabled the plan self completes and you still controll all the $, if you die prematurely your benes get a huge amt. of $ tax free, you can skip contributions or increase/decrease them as needed, you can annuitize it to guaranteed income for life........all this? yep, what product is it? WHOLE LIFE!!!
insurancemike10 1 year ago
I agree with you the client can do better with more options... that is why I change to term I can do with the difference (cash) whatever is best for me and my family.
nicola037 1 year ago
Great information for the unknowing or ignorant people out there. About 80% of people with LI have the crap cash value. No offense, but the music was a little creepy lol.
Ericsteria 2 years ago
Primerica has done great job on thier term product. but whole life is totally a ripoff. i wish goverment banned that piece of shit policy.lolz
anwaruddin1981 2 years ago 8
@anwaruddin1981 Not only didn't government ban it; they approved it, and rightly so! Permanent life insurance is an absolute necessity for certain situations. Some people need term, some need WL, some need UL; but most need a combination.
rcdrury1 1 year ago
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probslpwtyormama 1 year ago
This comment has received too many negative votes show
Shaft: Face it. you are just a fricking looser that couldn't make it so now you think that you have the balls to take on Primerica, Why don't you face up to the fact that you are just a world class looser that is looking to blame everyone else for your own lack of performance. Besides If the rest of these butt holes like agonybuilder that are nothing more than indudustry loudmouths couldn't take on Primerica and win and now a world class looser like you wants to join them. Stop blaming PFS AH.
bond519 2 years ago
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AgencyBuilderUSA 2 years ago
Agonybuilder: You are not even worth the efforf of debating you. I have more important things to do than sit here and argue with a worthless insurance agent crook like you. You don't know shit about insurance, you don't know shit about Primerica and you sure as hell don't know shit about me so you can kiss my ass.
bond519 2 years ago
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banterking11 2 years ago
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banterking11 2 years ago
I don't care who is watching. Suze, other agents and I believe that the client can do better if they were to work with an agent that has access to multiple companies.
AgencyBuilderUSA 2 years ago 25
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banterking11 2 years ago
WTF Bankerking, I can't open my email without readiing reply from Banterking. I don't know if for some reason someone is watching. but they need to watch you. Quit trying to bait me.
"refer" and you are asking me questions.
AgencyBuilderUSA 2 years ago 23
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banterking11 2 years ago
@AgencyBuilderUSA: But Agonybuilder you don't know what in the hell you are talking about so why would Suze care what in the hell you think?
bond519 1 year ago
This comment has received too many negative votes show
I think Primerica is limited and can't do a full financial planning job for their clients. That's just what I think.
What are you gonna do now? Find out who I am and try to get my license taken away?
IOWNBANTERKING1 2 years ago
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banterking11 2 years ago
This comment has received too many negative votes show
More nonsense from the laughing stock of the insurance world. I appreciate your input, though...it makes me laugh.
IOWNBANTERKING1 2 years ago
This has been flagged as spam show
Banterking was unable to answer this question, so I'll post it around and see others handle it: What advantages does an HONEST primerican have over an HONEST broker?
Feel free to elaborate.
wodendog 2 years ago
Because you guys don't answer qutestions. Replying is different from answering. You guys are the equivlalent of Sarah Palin in politics. I guess next you will quit. LOSERS!
Blond tell me how can you honestly sell a 30yr term that is only guaranteedt to remain level up to the 20th yr, when the client can get a 30yr fully guaranteed level policy for less?
AgencyBuilderUSA 2 years ago 13
stop this video!!!!!!!!!!!!
leafsrule27 2 years ago
Leafsrule: Why are you afraid of getting exposed?
bond519 2 years ago
Agony: I will answer real quick then I gotta go again. I guess you are a supporter of Obama and to me that explains a lot. Agony: why do you keep bringing up the same old 30 yr term question when I told you to prove that it isn't guaranteed. I won't give you the satisfaction of an answer because you will just call me a liar anyway. You still won't have the balls to admit that in the USA that there is Ul policies that pay dividend when there are so why should I answer your stupid questions. By By
bond519 2 years ago
Blond I know one of your friends told you that I am right and that none of your term policies are guaranteed to remain level past the 20th year. I know how that Custom Garbage and Custom take Advantage works. Grasshopper already admitted that it .
AgencyBuilderUSA 2 years ago 13
Agonybuilder: Are you joking? My friends laugh every time you post because they all know that you are full of shit and are the dumbest agent they have ever seen. Gotta go back to the family for vacation. I just didn't want to disapoint you and not respond back. So Long LOOSER.
bond519 2 years ago
Why did Grasshopper admit it. Are you calling him a liar and uneducated about your products? Between the both of you guys you have close to 50yrs experience why lie or why not know how you term works?
AgencyBuilderUSA 2 years ago 13
What happens to the insured if he happens to live after the term is over? and where do I invest the money that you were talking about? It doesn't make sense to me especially if after the term of the insurance is over I still need coverage and my health, say 20 yrs ago, is not very good. I might end up being uninsurable or may have to pay a ridiculous amount of money just to have a protection. This is a very unsafe advice... tsk! tsk! tsk!
pi2QH 2 years ago
I'm off to the beach for the next few days so you guys play nice.
wodendog 2 years ago
I hope that Stufrogg and Banterking know that the more they harass Basspig, the stronger you are going to make his convictions against Primerica and Primericans.
Maybe Basspig needs to post a new video addressing his experience with Primerica. You guys are pushing him towards it. So, basically, by acting like jerks, you guys could be further running you companies already poor name further through the mud.
Can't we all just get along? Or, at least converse like mature adults.
wodendog 2 years ago
BassPig and I don't see eye to eye on a few things. But he is honest. And I've been down a similar road he has. And that road kind of sucked.
Stufrogg, you do sound dogmatic (as if your trying to sell us something . . . .hmmmm).
Also, the US has a population of 300+ Million.
wodendog 2 years ago
Which means we've barely scratched the surface of our marketplace!
I am dogmatic when it comes to Life Insurance. I strongly hate Whole Life in any form or fashion!
Stufrogg 2 years ago
Basspig I commend you for leaving that company. I have no problem with the agents. But once I exposed them to the truth. Basically there is a need for permanent insurance and because of many Americans financial situation that they will have a permanent need for insurance. If any agent disagrees Primerica or not I will ride them.
AgencyBuilderUSA 2 years ago
Agony Builder: You don't expose anything other than your own stupidity.
bond519 2 years ago
Noway, Nohow, for anybody....is any type of cash value life insurance a good idea.
Just because something is legal, doesn't make it good.
It probably the biggest scam in American Business History.
They tried to rip my parents off with that crap 30 years ago! Luckily, somebody told them the truth, and now they are wealthy with their investments!
BT&ITD wins everytime....just do the math!
Stufrogg 2 years ago
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thecoach17 2 years ago
TheCoach17 is right. When he says "BTID isn't a terrible idea, it just isn't the only idea and shouldn't be pushed on people and the be all and end all" he makes a good point. This is actually how most people feel who sell WL products (in addition to term, investments, yada yada yada).
That being said, Basspig is pretty down to earth as well (though I disagree with his video).
wodendog 2 years ago 2
@wodendog BTID isn't a terrible idea, for the right client. I'd even suggest that it is appropriate for the majority. However, to preach it, as Primerica does, as universal is extremely irresponsible. There IS such thing as a permanent life insurance need (final expense, estate creation, estate tax planning, etc.), and by definition that can't be done with term insurance. Also, when properly structured in an appropriate scenario, tax advantages in life insurance can make it best for saving.
rcdrury1 1 year ago
The most important part of this video is the line "Don't trust what any idiot puts on an unregulated webpage". Including the idiot that posted this garbage biased video on this 'unregulated webpage'. This is the most unprofessional video I've ever seen endorsed by a company. All I have to say is wow!
thecoach17 2 years ago
I was the original producer of the video. The disclaimer line at the bottom/end of the video states that Primerica did not endorse or commission the production of this video. I should note that I no longer have any business relationship with Primerica, not because of the products, but because of the deception that my recruiter used to entice me into the business: (no cold calling required).
The video seems to have taken on a life of its own, being reposted by other YouTube users.
basspig 2 years ago
well I guess at least I'm glad to hear that Primerica is sensible enough to distance themselves against this type of garbage. Nothing personal, but I just think this video is a joke...especially when it mentions that the "Whole Life industry" has created a smear campaign against Primerica, when this is nothing more than a completely one sided smear campaign against the 'whole life industry'.
thecoach17 2 years ago
and if there is a smear campaign against Primerica it's likely becuase of it's limited product shelf/one size fits all approach when they are the most expensive in the industry. Little to do with the theory, more to do with a junk product. Just my thoughts....
thecoach17 2 years ago
In our weekly 'training' sessions, they would bring in various former WL salesmen, who would make comparisons, show us 'horror stories' about families they 'saved' from the WL 'rippoff', and so on. At the time I made this video, I really believed that 'buy term, invest the diff' was a valid concept. It may in fact be. The industry is polarized; it depends on whom you work for. At this time, I have no pecuniary interest in insurances or Primerica. This video remains for historic purposes only.
basspig 2 years ago
That's probably the first problem...they brought in "salesmen" (AKA: policy pushers), that just sold for the sake of selling something and not unbiased advisors that do what the client needs and should have. And why would they teach you anything that would make thier company/philosophy look bad? BTID isn't a terrible idea, it just isn't the only idea and shouldn't be pushed on people and the be all and end all. Again, nothing person or anything, just throwing some opinions out there.
thecoach17 2 years ago
Primerica has the best Term Life product on the market....maybe not always the cheapes...but by far the best for the life of the client.
Guaranteed Renewable until age 100...plus many other great features and benefits.
How long have you been selling whole life "thecoach17"?
Stufrogg 2 years ago
Stufrogg: What makes Primemrica the best product on the market for clients? The fact that it's expensive or the fact that it's full of completely useless added on features that 99% of people would have no use for if the BTID strategey actually worked? Gauranteed Renewable is great, but at what cost? If a person is renewing their term insurance to age 100, chances are very good that they would have been far better off going with W/L in the begining.
thecoach17 2 years ago
About the same, but at most a few dollars more.
If buy term and invest the difference doesn't work, then why are 3 million Primerica clients investing $25 Billion in mutual funds, and why does Primerica Life have $639 billion face amount in currently in force?
If BT&ITD doesn't work, then why have we been doing it for 32 years?
It's plain and simple: My mom wanted 100,000, not 15,000 if my dad died! Same premium.
Why would they need W/L? with BT&ITD, they will savings + ins.
Stufrogg 2 years ago
LOL You said this up a little bit on this blog. "We've got millions of dollars to our family name, that says your full of it!"
If youre so wealthy why was your MOM worried about 100k LOL ...once again full of nonsense.. Just like all primerica PARTTIME car sales people.
drakan58 2 years ago
Because they weren't wealthy in 1977 moron!
Today Primerica Pays them around$150,000 a month...probably more than you make in a year!
If you knew anything.....nevermind, this is becoming a complete waste of time..
Stufrogg 2 years ago
LOL youre a big waste of time...GO SELL some CHRYSLES part time after you finish selling primerica part time. LOL Get a life
drakan58 2 years ago
WHAT IS A CHRYSLES? DRAKAN58?
banterking11 2 years ago
I hope you feel good about yourself now. You are obviously still carrying around childhood issues that you haven't dealt yet!
The only waste of time is writing back and forth with you!
Stufrogg 2 years ago
Stufrogg: And for the record, I'm a broker who sells both term and W/L depending on which is more appropriate. I'm not some one trick pony that only learns one product line based on what a manager and marketing team tells me is the truth. Both products have a purpose, which is why both products are available on the market.
thecoach17 2 years ago
The top term carriers all have better features then your company Stufrogg. Terminal illness, guaranteed insurability at the end of the term, what else you want to throw out. Oh that increasing benefit rider, if BTID is such a guarantee there would be know need for this paid feature.
AgencyBuilderUSA 2 years ago
Dude you guys never change...we have terminal illness benefit...and also, your guaranteed insurability is guaranteed into Whole Life only. If you want term again, you've got to qualify...so if someone is uninsurable, they are SOL. In ten years in the business, I've seen only 1 that wasn't. Your Term is easy to destroy, because it always leads back to trash value!
Stufrogg 2 years ago
SING IT STUFROGG.
banterking11 2 years ago
Agony builder You are being a liar again. I just told you I renewed a Primerica term that 10 years later the client was able to have the same coverage for .75 cents less per month. You have even said yourself that it is impossible. Looks like it is only impossible if you work for everyone else except Primerica. HA, Gotcha again.
bond519 2 years ago
Wow, does it renew like that 30yr term? Let me tell you how crappy this 30yr term was? 30yr term premiums were guaranteed to remain level for only the 1st 20yrs. After the 30yr if still in force it renews to another term but the premiums increased every 5 years to a certain age. I call it crappy because it is not full guaranteed to remain level and then the renewal into a another term you guys have been promoting, premiums increase every 5 years. Convertable permanent products are better
AgencyBuilderUSA 2 years ago
Ha Ha Ha. You just proved that you don't know a damn thing about Primerica. Your stupidity level just keeps going up. Increase every 5 years for sure? LIAR. Convertable permanent products are not better. If you put your brain in gear rather than just spout off your mouth you might be believable. You were provided with two ears and one mouth which means you should listen twice as much as you talk so maybe you should shut up and listen but you are too much of a know-it-all to do that.
bond519 2 years ago
Comment removed
AgencyBuilderUSA 2 years ago
WHERE DO YOU GET YOUR FACTS AGENCY?
banterking11 2 years ago
About the level period of your term. Ask Grasshopper he admitted it. "Primerica has never raised it rates." I did not say that they raised their rates. 25 and 30yr policies have not been around for 20yrs yet. But on the 20th anniversary of the poiicies no one knows what the company is going to do. They can raise the rates. . If you guys are bought out, who is to say they will not raise the rates? I asked this before, for some reason it was not answered.
AgencyBuilderUSA 2 years ago 2
No, but most of us read the real bible which says "thall shall not steal"
Who ever claimed it remained level after that? BT&ITD is still, BY FAR, a better deal. Dude, just run the numbers!! The Math don't lie!! It's not gray: Its black and white!!
Dude we are both wasting our time! You guys haven't changed in 32 years, and I'm sure as hell not gonna change!
Stufrogg 2 years ago
The bible also says, "You shall not bear false witness against your neighbor".
So let me ask you this. By having Parents who work for Primerica, is it "possible" that you might be biased? They have obviously had an influence on you.
Also, things in the world of insurance and finance are seldom black and white. Just think of all the situations and variables you experience with sitting down with just one family. Think of the market, mortality rates, inflation, war, and the economy.
wodendog 2 years ago
false witness is trash value !!!!!!
banterking11 2 years ago
Dude, show me the numbers....and If you can prove that any type of Whole Life beats BT&ITD, I'll quit right now, and sell the family business!
Stufrogg 2 years ago
AgonyBuilder: Are you sure about Primerica term guarantee? You claim to be such an expert on Primerica so you should be able to make sure! We all say the same thing? All you cash value agents say the same thing also. If we are all wrong then I dare you to take on our home office, our leaders, our founder, our agents and anyone else that believes in what Primerica does. Are you going to take us on or are you just going to stay here on You tube and talk smart?
bond519 2 years ago
We need more smear campaigns against the whole life industry....
Whole life is probably the biggest scam in American Business History!!
Stufrogg 2 years ago
hey bud, there is no cold calling required if you learn to get referrals....
I knew a kid who quit the track team, and then he went around blaming everyone else, including his coach.
Are you that kid?
Stufrogg 2 years ago
To get referrals, first, you have to contact another human being. If no one in your immediate family is interested, and none of your personal friends are interested, then you're on to strangers and the good old telephone book. You can't get referrals if you don't know anyone who has any respect for your product.
basspig 2 years ago
so go contact another human, and do a presentation! there is like 50 million people in the usa alone! Go make a friend! ask somebody at church to help you out! ask a friend at work! there's a millions ways to ask people for help...get involved in people's lives! Do something good for someone then ask them for help! the new Auto and Home program is a great door opener..Dude quit making excuses...you think it's supposed to be easy! Being a crusader is never easy, but you do it anyway!
Stufrogg 2 years ago
To be frank, this isn't how I want to make a living. I don't particularly like dealing with people, especially such a vast collection of stupid people that I must deal with from day to day. I'm not a church-goer, don't believe in that dogma, and personally have no natural interest in finances, insurance or selling. The business was misprepresented to me by the upline guy, and I was careless not to catch that soon enough. Primerica is for a certain kind of person, just not me.
basspig 2 years ago
Okay that makes sense...but did the guy really misrepresent, or did you digest the information wrong? Some people have a "Victim" mentality, not a "Victor's" mentality. With these people, it doesn't matter what you say,...they will always say they were misrepresented.
I appreciate you being honest, "it's just not for you", but ulitmiately, you can't blame anyone else, but yourself. You can absolutely hate your recruiter and still win here!
Stufrogg 2 years ago
He definately misrepresented Primerica, when he told me that there would be no cold-calling and that I could network with my family and friends. What he didn't tell me was that intelligent people would reject the whole scheme and I would be stuck, hundreds of dollars in the hole (for insurance classes and license fees, not to mention hundreds of hours lost from my life. The guy was a former co-worker before I retired and the more I got to know him, I realized he's not honest. w/self or others.
basspig 2 years ago
so what yuou are saying basspig is......you have no credability with you family and friends. i have been around for 5 and a half years and never ever would i tell anyone to cold call !! i think you were just to scared or had no knowledge of what to say to your family, so now they have what..... trashvalue.all because you have no credability......and you blame your agent? GIVE YOUR HEAD A SHAKE INTELLEGENT PEOPLE SEEK OUT THE BEST # FUNDS , GREAT INS,SHOW PEOPLE HOW TO PAY DOWN THERE DEBT !!
banterking11 2 years ago
I have LOTS of credibitlity with my family and friends, and that is why they were shocked that I had gone off on this wild goose chase for almost a year. None of them would consider getting involved in a pyramid scheme--all earn their living in more honest ways. There is a kind of religious zealotry about Primerica reps that I've met. They all think it's the holy grail, but in reality, there are easier and better ways to make a living, honestly.
basspig 2 years ago
basspig: What pyramid scheme? I will agree that there are easier ways to make a living but not necesarily better. Primerica is just like other companies in the fact that they get good people and bad people. Primerica just like other companies gets people that want to work and those that don't want to work. I'm sorry your experience wasn't great but that doesn't make the company bad. Are you saying that your family and friends are the judge of the whole country?
bond519 2 years ago
After experiencing Primerica on the inside, I realize that the base shop leader was about as honest as a car salesman. Sure, he sounded good, but the reality is, if you run out of friends to recruit (and none of mine fell for this scheme), you're either into cold-calling or finding some other line of work. In retrospect, it's not the kind of 'work' I enjoy and I'm glad I cut my losses and left in the first year. A year is long enough to realize time wasted.
basspig 2 years ago
Basspig: It is sad to say but people doing the wrong things happens in Primerica and in every company. Regardless of what company name someone is working for especially in the Financial Business when some people get into leadership positions It goes to their head and they teach the wrong way of doing things. It sounds like your base shop leader was doing that.
bond519 2 years ago
Bond: It is generally thought that Primerca has a Pyramid-like scheme. You've seen the articles. Primerica is somewhat unique in that it puts a very high emphasis on recruitment. One's success at Primerica relies more on recruiting people under you, than most other companies.
I'm not saying that other companies don't recruit, they do. But, most people at most other financial services companies aren't really even thinking about recruiting, unless it's their actual job to recruit.
wodendog 2 years ago
Wodendog: People think that way but that doesn't mean that it is right! Others call Primerica a MLM company which isn't true either because of our product cost base for client and representative. Pyramid Schemes are illegal and provide no product to sell (at all). I know because I exposed one in my state and over 14 people went to jail because of it. I also thank you for explaining why I like Primerica vs other Financial Services Companies. I will show this when I do my five interviews today.
bond519 2 years ago
did you know that all i mean all great companies recruit.....did you ever hear of distribution? if you put a starbucks,or mc d's on every corner you might have something. well primerica understands this and lets the reps grow if they choose. you do not have to recruit if you don't want to.
banterking11 2 years ago
EXACTLY Banterking. And oddly enough both Starbucks and McDonald's are associated with sub par products. Just like Primerica.
That was awesome.
wodendog 2 years ago
fact.........when brokers sell term they sell ten year so they will get a huge commision when due.other than that it is trashvalue to the rescue.
banterking11 2 years ago
banterking, what's wrong with you? Why would you preface a statement like that with "fact", when it is clearly (I repeat CLEARLY) false.
For starters, if a broker wanted to make a high commission, he wouldn't sell cheap 10 year term. Second, they just don't sell WL to everyone they see.
Blindly and blatantly demonizing those in the industry who are not Primericans is foolish. Just because brokers can better serve their clients, doesn't mean you have to lie.
wodendog 2 years ago
why is it i see ten year policies every where? and they were sold by brokers?????
banterking11 2 years ago
You are a joke dude, you guys claim that everyone is commission hungry. Then claim that they sell 10yr term. Only someone that is brainwashed would believe that.
AgencyBuilderUSA 2 years ago
well it is true!!!!
banterking11 2 years ago
It's not true.
wodendog 2 years ago
woundedog you aren't even licensed. how in the hell do you know a thing?
banterking11 2 years ago
Because I was licensed, I was in the field, I understood the business, I still understand the business, I read, and I stay in contact with people in the industry (from multiple companies).
It's like my hobby.
wodendog 2 years ago
oh it' like your hobby oh............LET ME GET THIS RIGHT YOU ARE NOT IN THE FIELD.......YOU HAVE KNOW FRIGGING IDEA WHAT I SEE AT FAMILIES TABLES ,NOW DO YOU? HOW DARE YOU COME ON HERE AND PREACH WHAT IS GOING ON AND WHAT I SOLD TO FAMILIES.
banterking11 2 years ago
I do have an idea of what you see at the kitchen table. And yes, I dare.
You still haven't been able to successfully refute a single thing I've said today. And I said many things.
wodendog 2 years ago
refute what? you have no frigging clue your not even licensed !!! YOU MAKE STUFF UP AND I HAVE TO REFUTE? YOU HAVEN'T SAID ANYTHING WORTHWHILE EXCEPT THE FACT YOU HAVE NO LICENSE !!! THEREFORE YOU ARE COMMENTING WAY ABOVE YOUR PAY GRADE !!
banterking11 2 years ago
Banterking, still avoiding the issues. As I said, I was licensed a year ago. It's not like I forgot everything.
Should I assume that since you can't sell WL at Primerica that I should discredit your opinion on it?
I've pointed out our conversation today to others. We know you're not credible. Facts are facts, whether or not I am CURRENTLY licensed.
When you leave the Business will your opinions matter? Sometimes one needs to step away to see things more clearly.
wodendog 2 years ago
Wodendog: Primerica products are far from sub par. What are you basing your comment on, price? When I compare the total insurance program to opposition company term and all the options that Primerica offers vs what they offer and I lay them out in a side by side comparison customers hands down pick Primerica Term.
bond519 2 years ago
Comment removed
wodendog 2 years ago
Sorry about that last post, I thought you where banterking. We've been trading messages all day. If I say something out of character to you, assume I mistook you for banterking (AGAIN).
wodendog 2 years ago
Mr. Bond (and I do mean Mr. Bond), earlier today I brought up that fact that although Suze Orman and Dave Ramsey support BTID, they would not support Primerica LI. To SO and DR, the three factors that seem to matter to them are 1). Correct DB amount, 2) Correct duration of the policy [which they almost always support 20 LT] and 3) Cheap price. 3 is where Primerica falls short (all companies have 1&2). Both encourage shopping around for the best price and they even tell you where to look.
wodendog 2 years ago
Good point Wodendog, you would think if the BTID principle is so solid and they have been doing it for 30+yrs. Dave and Suze would be endorsing their company because all of the financially independent families they helped. If I was in charge of marketing, I would have brochures and on the website testimonies of all the financial independent families we made. Guess there is none. I could be wrong, not about the marketing idea though.
AgencyBuilderUSA 2 years ago 8
Subpar, tell my should a consumer pay more for a partially guaranteed term when they can get it guaranteed for less? Anyone with common sense would take the guarantee. You haven't compared your term side by side with nothing. Now I am flat out calling you a liar.
AgencyBuilderUSA 2 years ago 9
Blond: Do you tell them that your term is only guaranteed to remain level for the 1st 20yrs? Do you tell them that they can buy a guranteed level term policy for longer than 20yrs with just about every other company? No, no. Because you don't know how your own products work. Gee, now I know why your company was pushing for the "term only license".
AgencyBuilderUSA 2 years ago 10
This comment has received too many negative votes show
Agonybuilder: When you were born did your mother crap you out and you hit your head on the cement? You are the stupidest agent out there. You keep commenting the same way and when people answere you you call them a liar. You don't know shit about Primerica so when you say that you replace a Primerica policy (which I doubt you do) you must lie to the client. Like I said there is no way a moron agent like you would replace my customers policies.
bond519 2 years ago
bond are you with prime america too??
that was pretty rude
bcguitarplayer1 2 years ago
baspig is just another washout that has to make excuses for failing.
banterking11 2 years ago
Comment removed
wodendog 2 years ago
Banterking, I like how you claim to always be doing the "right" think for people, like you take a moral high ground. However, when you treat everyone you meet like an asshole, it's hard to take you seriously.
wodendog 2 years ago
banterking: I understand Basspig's situation because I went through it myself. I had a reall crappy RVP that when you asked him a question of how to do something his answer was always "The correct way". What an *** hole. I don't know the rest of Basspig's story. Mine was that I believed in what Primerica did for my family and so I sought for other leadership. I ended up with NO leader for over 2 years until I found an RVP that studied the success leaders and taught that to us.
bond519 2 years ago
basspig: No matter what you say cold calling is not a requirement to do Primerica and I will tell you that when you make a statement like "intelligent people would reject the whole scheme" it shows me your personal mentality. If your Primerica rep wasn't honest then that was "HIM" not Primerica. Just like any company if they have a lawbreaking person with them then that person needs to be put out of business but that doesn't mean that any company is bad.
bond519 2 years ago