A.M. Best, one of the oldest and most respected rating agencies, provides ratings of insurance companies based on their financial strength and claims-paying abilities. Primerica’s life companies — Primerica Life Insurance Company, National Benefit Life (our New York state affiliate) and Primerica Life Insurance Company of Canada are all rated A+ by A.M. Best. Only 15 percent of life insurance companies can make this claim.
Wouldn’t you feel comfortable doing business with a company of this strength? Why go anywhere else?
As of December 22, 2011, A.M. Best ratings range in order from the highest ratings as follows: A++, A+, A, A-, B++, B, B-, C++, C, C-, D, E, F.
Tags: A+, A.M. Best, A.M. Best ratings, canada, National Benefit Life, Primerica, primerica life insurance company, Prmerica life insurance, rating, ratings, term life insurance
Posted in Company, Primerica |
Among the extras that Primerica’s life companies’ clients receive when they begin their coverage is the Terminal Illness Benefit. It can be invaluable to families by supplying part of the death benefit while the insured is still living. Primerica representative, Sylvie Theoret, of Laval, Quebec, is a prime example of how Primerica reps help families get the coverage they need – including the Terminal Illness Benefit.
Some years ago, Sylvie met a couple with two young daughters. The family had a problem that is all too common. Each parent had only a $50,000 whole life insurance policy. When Sylvie completed an FNA for the couple, she found they were seriously underinsured.
“I replaced the whole life policies with $385,000 of term life insurance on the husband and $265,000 on the wife for just about what they were paying for their existing policies,” remembers Sylvie.
Only seven years later, the husband developed terminal cancer. He was 52 years old. “He called me to let me know the news and asked about the Terminal Illness Benefit (TIB),” says Sylvie. “I arranged for him to receive a check for 40 percent of his face amount.”*
With the TIB funds, the family was able to enjoy the time they had left together. Both family and friends joined them for a trip to the Caribbean islands.
“After her husband’s death,” says Sylvie, “the wife was able to take a year off from work and have some quality time with her daughters. She now works only three days a week. That wouldn’t have happened with $50,000 of coverage. But, it was also Primerica’s Terminal Illness Benefit that gave them time to enjoy and cherish a husband, a father, a son and a friend while he was still with us.”
Cash value life insurance can be universal life, whole life, etc. and may contain benefits in addition to a death benefit, such as dividends, interest, or cash value available for a loan or upon surrender of the policy. Whole life usually has a level premium for the life of the policy. Term insurance provides a death benefit only and its premiums increase at certain ages.
Tags: coverage, life insurance, Primerica, primerica life insurance, Primerica term life insurance, term life insurance, terminal illness benefit
Posted in Primerica |
