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In Reply to: Re: Re: Primerica posted by Actually on March 19, 2004 at 18:11:18:
Enrique may be off base, and I admit there's better ways to make a point, but this focus on bashing one company doesn't make sense, given the facts. Any amount of research reveals that traditional companies and agents have, for at least the last 25 years, severely abused consumers.
Do a search using "lawsuits" as the search term on the insure.com website. You'll get over 450 hits, and none of them involve an action against Primerica.
The most common deceptive ploy companies and their agents have used over the past 25 years is the "vanishing premium" deception -- Prudential, Knights of Columbus, General American, Provident Mutual, Lincoln National, the list is a long one.
But that's not all traditional company agents have done: they've engaged or allegedly engaged in race-based premiums (Reliable Life), price gouging (Farmers), misrepresentation of rates (Conseco), you could go on for pages and pages. See it for yourself at
http://info.insure.com/search/sitesearch.cfm?search=lawsuits
I notice these "critics" aren't posting their own company names, but dump all over one company. Embarassed? I would be. The one thing these agents have gotten right every time is that the consumer has been given a good fleecing by traditional agents and companies.
Vanishing premium? If it sounds too good to be true, it probably is. Millions of Americans got googly-eyed over the vanishing premium deception, and the only thing that vanished is their agent and their premium dollars.
I think it's highy hypocritical to be bashing one company. Maybe you're looking for a scapegoat, some company to use to distract consumers from the real issue, which is that for 25 years now, probably longer, traditional life insurance companies have been sticking it to their clients.
: Actually, Enrique, the AM Best ratings only mean the company has financial assets sufficient to meet potential claims liabilities. It has nothing to do with the quality of its products, only its ability to deliver what it promises to deliver.
: Why is it everyone with a criticism of your company is a "loser"? Oh well...
: : "PFSers always refer to CitiGroup when trying to add credibility to their company. Having CitiGroup as your parent company proves NOTHING!"
: : Right, because GE Finance has NO RELATION WHATSOEVER to GE...... I mean, you can buy GE Finance Stocks, right? Its a totally separate company, right?
: : And you can buy Primerica Stocks, too, right? CANT YOU ?!
: : CitiGroup - Part of the Dow 30 (uber prestige) - #1 financial services company on the planet - PFS is AM Best Rated A++ (highest rating).
: : Suck it, loser.