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In Reply to: Re: PRIMERICA IS A RIP OFF! posted by David Conway on March 23, 2010 at 17:39:24:
: You weren't ripped off, you paid a low premium for a twenty year policy, as per agreement that you signed. when the policy expired you entered a new contract, because you were older your premium is much higher. Compare the rates you recieved to whole life payments. You buy term and you invest the difference you saved from not paying for whole life. By the time your policy expires, if you invested wisely (8% interest or higher) you will have made much more than any whole life policy would have accrued and if you decided to extend your plan, assuming you still had a reason for life insurance, you could take the money you earned from investing and put it into the higher premium payments. Remember, life insurance is coverage for you family if something happens to you, its not a payout for retirement or a way to make a quick buck. Don't try to "save" people from something you know nothing about, primerica isn't a scam, it's one of the most successful and ill be damned if it isnt the most honest company out there. They're here to insure that you get the proper coverage, they're here to make sure you don't get ripped off, and most of all they're here to help. They want you to be debt free and financially independant, they're here to help... I hope anyone reading this takes time to actually learn about the company before judging. Thank you for reading.