Posts Tagged ‘term life insurance’
Primerica’s Custom Advantage and TermNow policies offer a benefit that is uncommon among most life insurance coverage. It’s called the Freedom Accumulation Benefit (Freedom Advantage Benefit in Canada) and it allows policyholders to save an amount up to $5,000 (in most states) with Primerica that can be used to automatically pay premium should a policyholder ever miss a premium payment. The balance also accrues a variable interest rate.
FAB is an easy way to save money and ensure that your coverage stays current. It’s a fact — not all insurance coverage is created equal. Primerica’s life companies strive to bring you quality coverage at super affordable prices … with extras.
Tags: coverage, Freedom Accumulation Benefit, Freedom Advantage Benefit, Lapse Protection Benefit, life insurance, National Benefit Life, Primerica, primerica life insurance, primerica life insurance company, Primerica Life Insurance Company of Canada, Primerica term life insurance, term life insurance
Posted in Primerica |
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 |
Today many families are struggling just to pay the bills – 22% say they have missed payments on bills in the past year. During these tough times, you may be tempted to skip or skimp on life insurance. However, this is one area where it’s best to stay up-to-date.
Why? Consider what the sudden loss of a working parent could mean to your family’s financial future. Are you a single parent — or know someone who is? “Life insurance can be twice as important for a single parent.”[1] Yet, 69% of single parents with children living in the house have no life insurance at all.[2] If this applies to you or someone you know, your Primerica representative can help. He or she will help you become properly protected with low-cost term life insurance. It costs five to 10 times less than costly whole life insurance![3] “Once you accept that all you need is term insurance — it’s the most cost-efficient way to get coverage — the process is easy.”[4]
Tags: bills, coverage, life insurance, Primerica, Primerica Primerica life insurance, protection, term life insurance, whole life insurance
Posted in Primerica, Tips |
It’s not something that most people want to think about, but getting the right life insurance to protect your family should be a top priority. Are you among the 56% of households without an insurance policy?1 If so, it’s time for you to get a life … policy, that is!
The Catch-22
“More than 40% of families said they haven’t purchased life insurance because they have other financial priorities. At the same time, 40% of families with children under age 18 said they would have immediate trouble paying expenses if the primary bread winner died.”2
Don’t Leave Your Family’s Future to Chance
As many as 11 million households with children younger than 18 (families who really need coverage the most!) have no life insurance.3 Those households are taking a huge risk and leaving the future of their families to chance.
“The sudden death of a working parent could force the surviving spouse to make up for the loss of household income. And life insurance can be twice as important for a single parent.”4
Is your family covered? Contact a Primerica Representative near you today and get a “life” today!
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 are underwritten by Primerica Life Insurance Company of Canada, Head Office: Mississauga, Ontario.
Tags: coverage, death, life insurance, Primerica, primerica life insurance, Primerica term life insurance, sudden death, survivors, term life insurance
Posted in Primerica, Tips |
