Primerica

Primerica

Primerica is a network marketing business within the financial services niche. It ranks today as the leading financial provider MLM business of the world. The company started as far back as in 1977 and is headquartered at Duluth, Georgia since then. The company has a net income of close to $550 million and employs 2,200 people. It is a concern of the Citigroup, which is the main fuel behind its amazing success. The company has more than 100,000 licensed independent representatives which also makes it rank as one of the top ten MLM businesses of the world. The quality of these independent representatives is quite high too, with more than a quarter of them ranking with FINRA.

The company has expanded internationally in phases. It began its operations to Canada in 1986 and then at the turn of the millennium, it first moved to the European Union with its first location being Spain.

There are various services that Primerica provides within the financial services genre. These services include life insurance policies, mutual funds, annuities, loans, mortgages, vehicle insurance, homeowners insurance, long term care insurance and legal services.

Like any MLM business, you have to pay to start your network with Primerica. The cost to start up with them is $99 and you will have to keep paying a maintenance fee of $25 each month. This enables the person to make use of the entire gamut of services within the network. You begin as a representative, which enables you to earn a 25% commission on the direct sales that you make. This is an ongoing process though and definitely does not become the whole and soul of the Primerica game plan. For that, you will need to begin expanding the network.

There are various growth levels with the Primerica plan. When you get three people to join under you, you become a Senior Representative with Primerica. This hikes your commissions to 35%. When any one of your three members becomes a Senior Representative, you become a District Leader and can earn 50% commission on your sales. There are many growth levels in this manner, and you can go up to Regional Vice President that provides you 95% of commission and several bonuses and incentives thrown in.

It is obvious that there is lot of money with the Primerica opportunity but there is a lot of hard work to be put in too. However, being one of the top MLM opportunities in the world, that is certainly not too much to ask.

Cheers, Devendra Patel (Online Business & Coach)

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5 Responses to “Primerica”

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