Primerica Life Insurance Co.

Primerica Life Insurance

Primerica is a network marketing company that has made a name for itself by providing providing a range of financial solutions to its clients. One of its most profitable ventures is its term life insurance policies. A term life policy insures against financial upheaval in the event of death. The network marketer’s licensed independent reps also offer mutual funds, variable annuities, segregated funds, loans, long-term care insurance and pre-paid legal services.

History of Primerica Life Insurance Co.

Primerica Life Insurance began in 1977. The company’s motto is “Buy Term and Invest in the Difference.” Primerica has the largest sales team in North America, with more than 100,000 licensed representatives. In 2008, more than $90 billion in life insurances policies were in force. Each day, Primerica pays out $2.6 million in death benefits.

Primerica Life Insurance Co. Ratings

The most recent financial ratings from the nation’s leading insurance rating service, A.M. Best, indicate a “A+” (Superior) rating. The issuer credit ratings have downgraded from an “aa” to “aa-” rating. The degradation in rating is due in part to the recent financial profile of Citigroup, Primerica’s owner at the time of the rating review.

Another reason for Primerica’s lower rating is because A.M. Best believes Primerica’s use of part-time agents increases its exposure to market conduct risks. These ratings are reflected in the most recent report from A.M. Best and are accurate as of May 2009. Standard & Poor gives Primerica a long-term credit rating of “AA,” making it a reliable borrower.

Primerica Life Insurance Co.
3120 Breckinridge Blvd.
Duluth, GA 30099.