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In Reply to: Re: Re: Re:PRIMERICA posted by Warren on March 28, 2001 at 12:39:55:
: : Posturing on a chat board is not doing a dang thing.
Warren,
Please tell me the pitfalls of primericas products. You mean like when a middle income family has a 50,000 cash value policy that was sold to them as a savings retirement program. They client has no other savings. the guy from Primerica comes in and shows the client how he can have 3 times more coverage and spend less. take the saved premium and put into an IRA using a good mutual fund. I'm trying to figure out how thats a bad deal.
You see I know that is what happens because I was that client. Now I work for primerica and do it with great pride.
Other products: Loans, do debt consolidation, safe the client money per month by doing that and invest some of the savings for them. Take the rest that you safe them and tell them to use cash instead of credit cards. Tell me how that's bad for a client.
Mutula Funds: I don't think we need to even dicusss these, everyone with 1/2 a brain cell knows how good thses are. Use a Roth Ira and use a good mutual fund and let your money grow tax free.....tell me how that's bad for a client.
Now by "warning" all these people about all these nasty products you might be leaving them over premiumed and under insured, you might be leaving them with all that debt for which they will pay on for ever. You'll be advising them not to have a roth ira in a mutual fund and retire broke on a cash value policy.......i sure hope you are our competition because you make my job so easy.
Have a good day.
: It does when you save somebody from making a huge mistake like using Primerica's products. So, they ARE doing something about it - educating other people about the pitfalls of PFS.
: Now your post, that does absolutely nothing.