Primerica Misconceptions FAQs

Is Primerica legitimate?

Yes. Primerica is a financial services company that has been in business for over 40 years. Primerica has over 2,000 corporate employees in the United States and Canada who support approximately 130,000 independent, life licensed representatives across North Americaii.

Primerica is publicly traded on the New York Stock Exchange under the stock symbol "PRI". Primerica is rated A+ by the Better Business Bureau (BBB)iii.

Primerica Life Insurance Company has a "Superior" A+ rating by AM Bestiv. Through its insurance company subsidiaries, Primerica was the #2 issuer of term life insurance coverage in North America in 2020ii,iv. Every year, Primerica pays out over a billion dollars in life insurance benefits to clients' families.

Is Primerica a trustworthy company?

Yes, Primerica is a trustworthy company. The Company has been in business for over 40 years and pays over a billion dollars in life insurance benefits to clients' families each year. Primerica was the #2 issuer of term life insurance coverage in North America in 2020ii,iv through its insurance company subsidiaries. Primerica Life Insurance Company's credit rating is rated A+ "Superior" by AM Bestiv.

Is Primerica an MLM?

No, Primerica is not an MLM. Primerica is a financial services company that pays compensation to its representatives based on an insurance agency modelvi.

Primerica has been in business for over 40 years, is publicly traded on the New York Stock Exchange under the stock symbol "PRI" and is rated A+ by the Better Business Bureau. Primerica paid $1.7 billion in life insurance benefits to clients' families in 2020 and was the #2 issuer of term life insurance coverage in North America in 2020 through its insurance subsidiariesii,v.

Is Primerica a pyramid scheme?

No, Primerica is not a pyramid scheme.

Primerica is a leading financial services provider that has been in business for over 40 years, is publicly traded on the New York Stock Exchange under the stock symbol "PRI", and is rated A+ by the Better Business Bureauiii.

Primerica's independent representatives earn commissions based on personal sales and the sales of the team they recruit and train: representatives do not earn income from the recruitment of other representatives. Representatives expand their businesses by adding representatives to their teams to increase the number of clients they are able serve. Primerica's independent representatives must maintain proper state and federal training and licensing requirements to recommend financial products.


iDisclosures:

iiInsurance:

  • Life-licensed Primerica representatives are agents of certain affiliated Primerica Companies. In New York, term life insurance products are underwritten by National Benefit Life Insurance Company, Home Office: Long Island City, New York. In the United States (except in New York), term life insurance products are underwritten by Primerica Life Insurance Company, Executive Offices: Duluth, Georgia.
  • In Canada, term life insurance products and Common Sense Funds segregated fund products are underwritten by Primerica Life Insurance Company of Canada, Head Office: Mississauga, Ontario.

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iiiBBB Rating & Accreditation:

  • BBB Accreditation Standards represent standards for business accreditation by BBBs in North America. These standards are based on BBB's determination of the attributes of a better business. They incorporate not only lawful business practices, but also BBB's experience with ethical advertising, selling and customer experiences. For a business to qualify for BBB Accreditation, it must continually meet these standards. Not all businesses will qualify for BBB Accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust. BBB accreditation fees are based on several factors, including the size of business. To be accredited by BBB, a business or organization affirms that it meets and will abide by the following standards listed here.

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ivAM Best Ratings:

  • The following companies have been rated A+ (Superior) by AM Best: Primerica Life Insurance Company, Primerica Life Insurance Company of Canada, and National Benefit Life Insurance Company. For the latest Best's Credit Rating, access www.ambest.com. AM Best ratings range in order from the highest ratings as follows: A++, A+, A, A-, B++, B+, B, B-, C++, C+, C, C-, D, E, F..

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vFinancial Information:

  • Financial numbers reflected throughout this page are the combined totals or daily average, as indicated above, as of, or for the year ended, December 31, 2020, for the following affiliated companies: Life Insurance: National Benefit Life Insurance Company (Home Office: Long Island City, NY) in New York; Primerica Life Insurance Company (Executive Offices: Duluth, GA) in all other U.S. jurisdictions; Primerica Life Insurance Company of Canada (Head Office: Mississauga, ON) in Canada. Investments: In the United States, securities are offered by PFS Investments Inc. (PFSI), 1 Primerica Parkway, Duluth, Georgia 30099-0001; In Canada, mutual funds are offered by PFSL Investments Canada Ltd., mutual fund dealer, and segregated funds are offered by Primerica Life Insurance Company of Canada, Head Office: Mississauga, ON. Each company is responsible for its own financial obligations

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For more information, please visit https://www.primerica.com/public/primerica_disclosures.html.