The new, rapid-issue Primerica Life Insurance product, TermNow, was introduced in front of 40,000 excited attendees at Primerica’s huge June 2011 convention in downtown Atlanta. TermNow is now on the market in all US states and in Canada.
“TermNow is going to revolutionize how life insurance is provided to Main Street families,” said Duane Morrow, Executive Vice President, Life Marketing.
The TermNow product is unique in the life insurance industry in that it is underwritten electronically to qualifying clients within an average of less than 60 seconds after completion of a short questionnaire – often only consisting of seven basic health questions. There are no saliva or blood tests for TermNow coverage. The questionnaire can be completed online by computer or smartphone. An email confirming coverage is sent to the client within minutes of applying.
“One of the biggest barriers to getting families the coverage they need, as any life insurance representative will tell you, is procrastination,” said Morrow. “TermNow is the answer to procrastination because the majority of clients can be almost instantly covered with a TermNow policy.”
As with all life coverage issued through Primerica, TermNow offers coverage on one policy for the entire family through spouse and child riders, saving on annual policy fees that are almost universal throughout the industry. Another unusual feature is a term duration of up to 35 years available in most states.
If the answer is no, you’re not alone. According to a recent survey conducted on behalf of the American Psychological Association, while employed workers might be happy they have a job, many feel undervalued and stressed out, with many dissatisfied with aspects of their job.
Almost half don’t feel valued on the job and as many as 32 percent indicated that they intend to seek employment elsewhere within the next year. Sound familiar?
It doesn’t have to be that way. You could take control of your future by going into business for yourself. With Primerica, you could start either part-time* or full-time and begin working toward business ownership today.
Primerica Co-CEO John Addison called it “the most electrifying night in the history of the company.” The 2011 Primerica Convention was no ordinary event, not even by our incredible standards.
There were so many game changers, it’s hard to list them all – from revolutionary new products to ground-breaking technology to cutting-edge new marketing tools to one of the great business speeches of all-time by company Founder Art Williams. All had a tremendous impact in the momentum Primerica has right now.
“It’s the beginning of a run,” said John, who ignited the crowd himself with a rousing closing bombshell. “We just changed the world. Things moved.”
In addition to countless hours behind the scenes for several months leading up to the Convention by virtually every division of Primerica, the event also featured a monumental show of force on location at The Georgia Dome and The Georgia World Congress Center. It was like the Super Bowl, a Rolling Stones concert and a mega-business meeting all rolled into one. Here are just a few of the facts and figures:
6 million square feet of space used by Primerica at The Dome and the GWCC
60 Semi tractor trailer trucks to transport all of the awards, marketing tools, exhibits, staging and A/V and TV gear – weighing more than 1 ton
2,000+ people on location running and staffing the event
15 miles of wire rope to suspend the truss and rigging for the staging and lighting
550,000 watts of lighting and 26,000 watts of audio power just in The Dome
9,000 feet of line rocket and data cable for pyrotechnics
436,000 square feet of carpet and 50,000 square feet of drape
1,000+ awards ranging from hand-painted portraits to giant MVP trophies
528,000 pounds of paper printed for 100,000 packets and store items
2.25 million total print pieces
20,000 orders placed on site at the stores
“We stretch the idea of what is big in this company,” John said. “We’re on the edge of something gigantic. The way to get big is to stretch yourself to a level where you never saw yourself. Every now and then, you have to look around and realize the direction has changed. We’re at one of those moments. It starts now.”
Primerica was recently selected the winner of the Gwinnett Clean and Beautiful2011 Great American Cleanup Award in the category of Neighborhood Cleanup. The Great American Cleanup is one of the nation’s largest annual community improvement programs.
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Primerica volunteers made improvements to five acres of the Outdoor Adventure Course at the J.M Tull Gwinnett Family YMCA. A $500 prize was awarded to Primerica for accomplishing the biggest transformation and impact on the community. The money will be donated to the J. M. Tull Gwinnett Family YMCA, for their snack and nutrition program.
The following Home Office employees participated in the clean up efforts: Top, L-R: John Nix, Michael Watkins, Wes Armstrong, Ray Nelmes
Bottom, L-R: Nancy Nix, Bonnie Boettcher, Moira Bailey, Lisa Blondell, Jenny Huang. Congratulations to all the volunteers for their enthusiasm and hard work!
You don’t have to look far among Primerica’s ranks to find great examples of people who have used the Primerica business opportunity to create something incredible for themselves and their families. Arleigh & Fern Larson, of Calgary, Alberta, are one such couple.
Before Primerica, Arleigh worked as a farm equipment dealer. It was a very successful business in terms of the volume of sales and the amount of retail locations they had. But farming equipment is expensive and the Larsons had to rely on bank loans to cover their overhead costs.
“When we heard about Primerica, we were immediately drawn to the low startup costs and the chance to build a successful business with our family – that would help us get out of debt, not deeper into it,” recalls Arleigh.
Arleigh says he was also impressed with the opportunity to experience the same kind of freedom and growth opportunities as he had with his previous business, but with the added benefit of being able to make an incredible potential income by helping families with their finances.
But, more than the earning potential and the ability to make a difference in their community, the Larsons saw their new Primerica business as a way to do something they loved, with the people they cared about the most. “Families can work together at Primerica better than most other businesses because of our unique structure,” explains Arleigh. “Everyone can be a part of the overall team, yet they still have the opportunity to build a successful business of their own. Each family member on our team has the same chance to create freedom for themselves and their own families, yet they each fill a role within our overall organization.”
Today, the Larsons are Primerica million dollar earners* and are enjoying the benefits of a thriving business alongside their sons, Brent and Eldon, as well as several other extended family members.
To learn more about how you can start your own Primerica family business, visit us online.
*Primerica income figures are based upon rolling 12‑month gross cash flow (including advances) as of April 30, 2011. The cash flows stated are not intended to demonstrate the earnings of typical RVPs/representatives. Rather, the cash flows that have been cited reflect the potential that comes with building your business, and there is no guarantee that you will achieve any specific cash flow level. Most RVPs/representatives do not achieve the levels illustrated. In the 12‑month period ending in December 2010, Primerica paid a total of $503,115,928 in compensation to the sales force at an average of $5,296 per licensed representative. Average RVP earnings are typically higher. Actual gross cash flow is, among other factors, dependent upon the size and scale of a representative’s organization, the number of sales and the override spread on each sale, and the ability and efforts of you and your downlines. Having said this, Primerica provides a tremendous opportunity for individuals who work hard and who desire to develop a business with strong income potential.
