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In Reply to: Re: Re: Re: Re: Re: Re:PRIMERICA posted by ray on April 01, 2001 at 06:57:44:
Ray
Wow, talk about posturing on a message board. All those things you say dont change the point....Primerica overcharges its clients because no one else will see them??????
Thats a great philosophy..."We will charge as much as we can for our products..more than other comparable products..because our market is ignored. They wont see any alternatives, and if we can help them a little, we will charge them more than other companies." GREAT PHILOSOPHY. You must be proud. To me, that makes you as GREEDY as the captive whole life agents. The client is better off with whole life than no coverage at all, right? So you are the SAME as a whole life agent...helped the client half way, and made money. Face the truth.
: Eric,
: Let me see now. I had a cash value policy...you didn't show up , Primerica did. If they hadn't I would still have that Cash value policy.
: Our loans...again no one else has been there to help them get out of debt. so we do it.
: MF's, same thing.....no one there so people continue to stick money in CV insurance or CD's until someone from Primerica finds them and shows them a better way.
: It's a good thing when the Primerica guy came to my house that I didn't say " No sir, I think I'll still pay on my Cash value policy and wait until Eric gets here to help me"....I'd still be waiting and you'd never show up on my doorstep and I'd retire broke.
: : RAY:
: : You basically did describe the pitfalls of Primerica products yourself. Except that it is the Primerica policy that should be replaced, then the client could save half the premium each month and invest it. The client retires MUCH QUICKER when not using Primerica. I helped a friend do this, and it meant an extra 30k over the 20 yrs. THAT is the pitfall of Primerica products.
:
: : : : : 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.