Term Life Insurance
Primerica has always been a company that champions the needs of Main Street North Americans. While many other companies have increasingly followed the wealthy market, Primerica continues to focus on ways to help Main Street families become financially independent.
Since our founding in 1977, Primerica has shown families how to protect themselves with affordable term life insurance, instead of more expensive cash value insurance, and how to invest the savings. We call our philosophy “Buy Term and Invest the Difference,” and it has given countless Main Street families the ability to build toward, and achieve, financial independence.
At Primerica, we have always believed that term insurance is the best way to protect working families. Consumer advocates and financial affairs writers agree.
“For most people, term life still offers the best combination of coverage and cost.”1
Primerica's life companies
- Paid out $1 billion in death claims in 2012
- More than $675 billion of life insurance in force
- Have an A+ (Superior) rating from A.M. Best. Only 15 percent of life insurance companies meet this standard
- Pay 92% of claims within 14 days
We Do What's Right
At Primerica, our mission is to “Help families become properly protected, debt free and financially independent.” We always strive to hold our company to the highest ethics and “do what's right” by our clients.
“Term insurance is pure protection, like fire insurance or auto insurance. Its sole function is to support your family if you die. You can buy large amounts of coverage for modest amounts of money - and big policies are what your spouse and children need.”2
Lives can change in an instant. See how Primerica was there to help pick up the pieces and carry on after unexpected tragedy.
The following accounts come from actual Primerica claims. Names have been excluded for privacy reasons.
In an instant ...
The two cars collided, sending one careening over the guardrail and into the canal. The client was trying to get home in the driving rain. While merging onto the interstate his car collided with another. Spinning out of control, he then flipped over both the guardrail and a six-foot, chain-link fence. Rescue workers could not reach him until he had spent 20 minutes submerged in the water. This husband and father's untimely death could have left his grieving widow in financial hardship. Fortunately, his Primerica representative had recently replaced $150,000 in cash value life insurance with $500,000 in term coverage through Primerica.
Insured Male, age 49 Cause of Death Motor Vehicle Accident Survived By Wife and two children Death Benefit Before Primerica Death Benefit After Primerica $150,000 $500,000
She had never thought of life insurance ...
She was too busy taking care of others. The client was a busy medical professional who had always taken care of others. Between her work and her family, she had never spent much time thinking about life insurance. Fortunately, she and her husband sat down one day with a Primerica representative. They both bought coverage through Primerica that included the Increasing Benefit Rider. Over the years, the wife's coverage increased from $200,000 to $300,000 when she was diagnosed with cancer. The couple was able to use the policy's Terminal Illness Benefit Rider to receive part of the wife's benefit before her death, which they used to pay bills and save their home from foreclosure.
Insured Female, age 53 Cause of Death Cancer Survived By Husband and four children Death Benefit Before Primerica Death Benefit After Primerica $0 $300,000
An unforeseen disaster ...
A catastrophic tire failure sent the family truck hurtling into a paving machine. The young family was traveling on a busy interstate highway when the right front tire on their pickup truck exploded. The out-of-control vehicle stuck a stationary paving machine and crumpled, killing the mother, age 39, and the father, age 37. The children, ages 19 months, five years and nine years - all sitting in the back seat, with the two youngest in car seats and the oldest in a seatbelt - recovered from their injuries. The $900,000, paid through Primerica, will go toward the care of the children by the grandparents who now have custody of the children.
Insured Male, age 37 and Female, age 39 Cause of Death Motor Vehicle Accident Survived By Three children, ages 19 months, five and nine years Death Benefit Before Primerica Death Benefit After Primerica $0 $900,000
Primerica representatives market term life insurance underwritten by National Benefit Life Insurance Company (Home Office: Long Island City, NY) in New York State; Primerica Life Insurance Company (Executive Offices: Duluth, GA) in all other US jurisdictions; Primerica Life Insurance Company of Canada (Head Office: Mississauga, Ontario) in Canada.
- WSJ.com “Honestly, What's the Best Policy,” May 28, 2011
- Making the Most of Your Money Now, Jane Bryant Quinn
Please see important disclosures.