In 2005, Primerica teamed up with Palm Inc. to develop software that would allow the company’s licensed representatives to take life insurance applications on a handheld device. They aptly named it: TurboApps.
TurboApps was an immediate success for our company. Instead of being buried in paperwork, representatives and Home Office application processors could process applications electronically and instantly.
Before TurboApps, representatives mailed in:
More than 30,000 life insurance applications per month
More than 18,000 loan applications
Over 20,000 new representative applications … and more!
The new TurboApps technology saved time, money … and thousands of trees! Plus, the software made taking applications virtually error-free and helped the representatives receive their commissions sooner. This new, secure way of taking applications also helped qualified clients get insured faster. It was a win-win.
Since its release:
More than 695,000 applications have been sent via TurboApps.
TurboApps was honored with Computerworld’s Best Practices in Mobile & Wireless Award for “Business Evolution through Mobilizing Field Workers” and was also a 2007 Computerworld Honors Finalist.
Clients can be sure their information is password protected and encrypted, plus their business is issued faster.
Primerica has further enhanced TurboApps’ capabilities by adopting the new Windows Mobile 6.1 platform. When this platform rolls out this year, it will allow representatives to:
Adapt more easily to familiar “Windows” interface
Call, email or text a client within the TurboApps software
Run multiple software applications at once
Use Office Mobile
Primerica prides itself on using technology to help our representatives succeed in their businesses. TurboApps has changed the way we do business and has allowed us to keep pace in this fast-track business world.
For more than 32 years, Primerica has advocated its philosophy of “Buy term and invest the difference.” As for the rest of the life insurance industry, they just keep changing their approach to the marketplace by creating and re-inventing life insurance policies that don’t work.
In the 1970s, other life insurance companies were selling Whole Life insurance.
In the 1980s, Universal life insurance was created.
In the 1990s, Variable Universal Life was created.
In the 2000s, Return of Premium Term Insurance was created …
… and now they are going back to selling whole life insurance again.
Would you put your financial future in the hands of a company lacking a clear direction?
Three decades. One timeless principle. We stand for something!
Primerica has always believed families need affordable protection for today and control over building wealth for tomorrow. Our “Buy Term and Invest the Difference” approach to personal finance puts families in position to achieve their goals in life. We’ve never had to change our approach in the marketplace … because it works!
Spending a few hours each month as a volunteer for a worthy community organization is not only a way to make your community a little better – it makes you feel good too. One effort that a lot of Primerica Home Office employees have been giving their time to is the Gwinnett County Senior Services’ Meals on Wheels program.
Run by a handful of staff, the program feeds 400 seniors in their homes each day and serves another 125 in county-run senior centers. There is no way the senior services staff could deliver all the meals themselves – so volunteers are crucial to the program.
Ray Nelms, in the financial systems department, has been volunteering since 1992 when Primerica partnered with Senior Services! Under the program, each volunteer can take an hour or so from his or her workday once a month to deliver meals. “It’s a rewarding thing to get out and see the people who you get to know on your delivery route,” says Ray. “Most of these older folks don’t have a lot of outside contacts – they may not even hear from family members. As a Meals on Wheels volunteer, you are a connection to the outside world for them. They become your extended family. Sure, you’re delivering a hot meal but checking in on people and giving them a smile are important too.”
In today’s economy, many families are worried about layoffs, foreclosures and mounting debt. They’re looking for ways to cut costs, save more and make smarter money choices for their future.
Primerica, a financial services industry leader, believes one of the first steps toward getting on track for a bright financial future is to create better spending and saving habits. To help clients get into the mindset of making better money choices, Primerica presents three easy ways to curb spending.
Track purchases. Little purchases made every day can add up to big money at the end of the month. Clients are encouraged to keep track of expenditures by either writing them down in a notebook or purchasing budgeting software. Families might be surprised at just how much they didn’t realize they were spending.
Minimize ATM visits. ATM withdrawals can add up quickly if the client isn’t tracking them. It’s easy to keep pressing that withdrawal button and even taking out the minimum $20 at a time can add up quickly. The best plan is to set a limit on withdrawals per week and stick to it.
Cut spending by small amounts first. Breaking the over spending habit isn’t likely to happen overnight. Primerica urges clients to start small, say reducing spending by 10%. Once a family gets used to that adjustment, they can work their way up to a more aggressive cost cutting strategy.
Discretionary spending (e.g. eating out, entertainment, movie rentals, etc.) isn’t a bad thing, but over spending – particularly in times of economic upheaval – can put families into a precarious position if debt becomes too high or if the breadwinner is laid off.
As families learn to budget better and spend less, the next step is to start socking away all that extra un spent cash. Primerica’s free Financial Needs Analysis offers a comprehensive snapshot of a family’s finances and presents clear strategies for getting out of debt, becoming properly protected, saving more and getting on track for a great future.
What I love about Primerica is that it’s made up of real people. People just like you and me. They’ve faced the same kind of financial struggles and have learned the value of knowing how money works. They believe in spreading that knowledge and helping middle market families — families that are usually ignored by big financial companies.
Our representatives offer people simple solutions to tough financial situations. Their mission is to make sure your family is properly protected, help you get out of debt and help you save for the future. Primerica representatives will sit down with you and help you understand how you can get back on the path to financial freedom.
To help people understand what we do, Primerica recently launched a series of videos. These short videos, which can also be found on the Primerica YouTube channel and on Primerica.com, illustrate why we believe in helping the middle market overcome financial challenges and become financially free. We know that people are struggling and are in need of financial solutions. They’re looking for a company who believes in doing what’s right for families. And that’s what Primerica delivers.
Primerica is a special company that is uniquely set up to help its representatives succeed. There are more than 1,500 employees at the Home Office, whose departments are spread out over a large, 10-building campus. Each building houses different departments spanning from Primerica’s very own in-house TV studio to its securities department to field communications.
To help demonstrate to our representatives the solid support system at their disposal, Primerica began giving a Dream for a Day tour of its facilities. We believe that by taking the Tour, representatives will understand Primerica’s purpose, its philosophy and its people.
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“The Dream for a Day Tour allows representatives to learn the history of the company, and see the big picture of how many people they have to support them as they grow their businesses,” says Tour Coordinator Kim Dopson. “We have representatives all around North America and in Spain who come to the Home Office to see where their business gets processed. It’s a very positive experience for them.”
Throughout the past 10 years, thousands of Primerica representatives have experienced a Dream for a Day tour. Tours run seven days a week, at no charge.
With today’s volatile economy, creating an emergency fund isn’t just a good idea, it’s almost a necessity. Currently, 41% of Americans have no emergency savings1, and almost half of workers live paycheck to paycheck just to make ends meet.2
Financial experts recommend having an emergency fund of at least three to six months’ savings. Primerica offers four key tips you can follow to start building a financial safety net.
1. Separate savings. One of the easiest ways families can start an emergency fund is to open a separate savings account or money market fund. Money in this account should not be withdrawn unless a true emergency – such as a major home or car repair, hospital or other large medical bill, etc. – arises.
2. Keep the change. Loose change left over from daily purchases can add up quickly. Make it a habit to save single bills and change and deposit that money into your savings account at the end of each month.
3. Keep paying yourself. As you pay off big debt or credit cards, it’s a good idea to continue to make those same monthly payments – into your savings account!
4. Earn extra cash. Start a part‑time business or work a few hours a week at a second job to beef up an emergency fund. Primerica’s Business Opportunity is a great way to do something enjoyable while padding the bank account. You can work at your own pace, on your own schedule, part-time or full-time!*
Starting an emergency savings account doesn’t have to be complicated. Save what you can and put extra away when you have it. Even starting small can make a big difference in the long run!
*In Canada, the part time option is not available in all jurisdictions and, where it is available, is subject to certain restrictions.
1 Parade, July 13, 2008
2 CNN.com, viewed October 14, 2008
