Tag Archives: Primerica

Mississippi College School of Business & Primerica Co-Sponsor Summit

Recently, Mississippi College School of Business co-sponsored a summit with Primerica about personal financial security. Speakers included Mississippi Insurance Commissioner Mike Chaney, state Treasurer Lynn Fitch, and House of Representatives Speaker Pro Tempore Greg Snowden of Meridian.

Fitch announced at the conference that she will press the Legislature to pass a law that mandates that high school students should be required to take personal finance classes.

The summit include MC business professors Nancy Anderson and Bobby Perkins who joined Primerica executive David Landrum to discuss making smart investments, setting aside emergency money and more.

Primerica Report Shows Middle Class Hard Hit by Economic Crisis

The three years between 2007 and 2010 were difficult financially for America’s middle-class, according to a report jointly released last week by the Consumer Federation of America and Primerica Inc. The report’s analysis of the government data concluded that middle-class families have less money saved and have suffered a severe loss in net worth due to declining home values.

“Middle income families are the fabric of America, and they are struggling more than ever,” said John Addison, co-CEO of Primerica, a financial services firm with $35 billion in assets under management headquartered in Duluth, Georgia. “We hear about the challenges families face. Too much month at the end of the money, and being sick and tired of being sick and tired.”

In 2007, the average family earning between $30,000 and $100,000 had a nest egg of $38,800. By 2010, that amount had dwindled to an average amount of $27,300 in non-retirement assets. Eating away at their savings was lower salaries and the higher cost of living. What really hit the middle-class hard however, was the decline in real estate values during that period.

The report stated that home values were the number one cause of the 35% decline in net asset values for the average middle-class family, dropping from $145,600 to $94,700 in just three years. One of the conclusions of the study was that the traditional, steady economic progress that the American middle-class has been achieving for centuries, seeing a more prosperous middle-class year after year, has come to an end, and perhaps is even going backwards, as they struggle with the difficult economic climate of recent years.

Primerica Presents at KBW 2012 Insurance Conference

Duluth-based Primerica distributes financial services to middle-income families across the U.S. Representatives from the company work to provide clients with advice and education regarding a secure financial future based on their individual needs. According to the company, they also aim to provide “appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties.”

Last week, Primerica’s co-CEO John Addison discussed the company and its recent development alongside CFO Alison Rand at the Keefe, Bruyette and Woods 2012 Insurance Conference. The event took place on September 6th in New York.

Other leading companies who presented at the event included United Fire Group, Fidelity National Financial, Argo Group, Lincoln Financial Group, Horace Mann and many others.

Primerica: The Real Picture

Originally posted in Primerca

by Chris Royce

In early 1999 I found myself in a very frustrating situation. I was 29 years old. I was working extremely hard as a fiber optics salesman… and I was broke. My wife and I had been married for over six years. We’d just had our first child, whom we were thrilled about, however, when it came to work, money and time, we were struggling. We started praying for a better way.

My wife received a phone call one evening from a lady she had met recently. She said that she was in training with a company that was expanding, and that we should take a look at it. She said this company, Primerica, might be able to help us. We decided to meet up with her and see what this company was all about.

Neither of us had ever even heard of Primerica and I admit we were skeptical. After about 30 minutes into our meeting with the Primerica reps, I began to realize that what they were saying actually made sense. They spoke about developing “a written program to monitor and eliminate debt, term life insurance being the foundation to your financial house, and the basics of successful investing.”

At 29, I’d never been taught these principles before. I never finished college and I had no experience with “financial stuff.” He assured me that they could help educate us about our finances. The first step would be to fill out a Financial Needs Analysis (FNA) and based on where we stood financially and what our goals were, we would see what could be done.

We met again two weeks later and went through the results. It was simple: Follow a plan to pay off credit card debts, put some term insurance in place to protect my young family (we had no insurance at that time) and find a way to make more money. They said that Primerica would teach us how to do all of the above. They would even offer us an opportunity to start part-time and show us how to build a business by teaching other people what they taught us.

I guess we were just so eager to change our lives we believed them. We paid a small start-up fee, started the training process, and moved forward in faith.

Now it’s 10 years later and I’m 40 years old. I can’t help but think about how different my life could’ve turned out.

What if I hadn’t agreed to that appointment? What if I trusted my initial skeptical feelings? What if I’d listened to several friends who doubted Primerica? What if I believed Internet chat rooms, unregulated Web sites, and less than credible sources?

Well, my family’s life would be a lot different. See, what’s happened in the past 10 years is that we have grown tremendously — as people and as leaders. We have built amazing friendships. We’ve helped thousands of families get back on track financially. We are financially independent and have been able to give away more money each year than we used to earn before Primerica. The opportunity turned out to be a bigger blessing that we could have ever imagined.

We now have seven offices across upstate New York and many great people working with us. We love what Primerica does for families and we love the freedom we now have. We don’t punch a time clock. Each day is our own. I’ve spent countless mornings with my children. When my son turned one, I took each Friday off and we spent the day together. We did that for four years until he went to kindergarten.

We’ve traveled together as a family to so many amazing places all over the world, and created lifelong memories. My children are so much more confident because of the “family” business. We just returned from a trip to Montreal together where we spoke to over 500 people about changing their lives through this great opportunity.

The most amazing part about that is that my 11-year old daughter spoke in that meeting about how the business has impacted her personally. Imagine an 11-year old speaking to 500 people with confidence and grace so she could impact their lives. The list of benefits of winning in Primerica is extensive.

I have found tremendous success with Primerica and so have countless others. But that is not to say that Primerica is easy. It is not a “get rich quick” scheme. It would be ridiculous to think so. My life is proof that it is real, and there are thousands of other people around the world who would agree.

The Federal Trade Commission doesn’t doubt that Primerica is real. Neither does the Better Business Bureau, FINRA or any of the other regulatory agencies in this country. I encourage you to check the facts and to get your information from these credible sources.

I am living proof that Primerica is real. I was a skeptic who is now a successful businessman with the freedom to live the life of his dreams. There are a lot of businesses out there you should beware of. Primerica is not, and has never been, one of them.

I think we have to create our own experience in life, and we have to move forward in faith. When we do that, put forth an honest effort, and do the right things long enough — only then can we look back and really see the “real picture.”