In today’s uncertain economic climate, the last thing you and your family need is to be financially vulnerable. Homeowner’s insurance and life insurance are two key areas that many people overlook or undervalue. In fact, 66% of homeowners are underinsured by an average of 18%1 and an estimated 68 million Americans have no life insurance.2
Primerica encourages you to review your coverage to make sure your home and income are adequately protected.
Homeowner’s Insurance: Homeowner’s insurance should cover 100% of the cost to rebuild, not the home’s value (including the land). That amount of coverage protects you regardless of real estate market fluctuations. Concerned about the increased cost of correct coverage?
Consider changing your annual deductible from $500 to $1,000 and you can save about 20% on premium costs. Shopping around is another great way to potentially save money for the same coverage. It’s a good idea to get new quotes from multiple insurers every two years. Contact your local Primerica Representative to learn about Primerica Secure™, Primerica’s auto & homeowner’s insurance referral program.
Life Insurance: If you have children and are still relying on just your employer for life insurance, you are most likely under protected. If any significant life changes have occurred throughout the year – such as the birth of a child – you will need to review your policy to make sure it still meets your needs. Experts recommend that a family with young children have coverage that’s 10 times the parents’ annual income.3
Even if you think you already have the right homeowner’s or life insurance, it’s not a bad idea to get a second look. For more than 30 years, Primerica has offered financial solutions tailor‑made to each individual client’s needs. Visit Primerica Financial Needs Analysis to find out what Primerica can do for you.
While the rest of the financial services industry is shrinking and retrenching, Primerica is strong and growing. Just look at our strength:
Insures more than 4.3 million lives.
More than 2 million clients maintain investment accounts with us.
More than 100,000 licensed representatives (as of June 30, 2009).
Placed in force more than $87 billion in life insurance in 2008.
An average of $2.5 million in benefit claims is paid every day.
Investment clients have more than $25 billion in asset values in their Primerica investment accounts (as of June 30, 2009).
Primerica Life’s financial strength is rated A+ (Superior) by A.M. Best, the oldest and most prominent rating agency in the insurance industry.*
Year after year, through good times and bad, Primerica is highly profitable. Over the past seven years, we have reported average annual revenue of $2.2 billion and average annual net income of over $500 million.
We have zero debt.
Primerica has $4.7 billion in capital.
We are strong and growing, any way you measure it.
We do what’s right: for our clients and for our field force.
* A.M. 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.
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!
