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**Trademark of Primerica Financial Services
Primerica Financial Services
Copyright Jeffrey Babener www.mlmlegal.com
Editor's Note:
Welcome to MLMLegal.Com Company Profiles at www.mlmlegal.com. Here you will find brief summaries of pertinent information about hundreds of MLM, Direct Selling, Direct Sales, Network Marketing and Party Plan Companies. As a general matter, the summary information is derived from Company published information, generally posted at Company websites, public information releases or posts at industry trade sites .*
Founding Story
Primerica Financial Services is located in Duluth, Georgia. Primerica Financial Services began in 1977 in an effort to revolutionize the life insurance industry.
Impact on the Industry
Primerica Financial Services is a member of the Direct Selling (www.mlmlegal.com) Association.
Primerica offers the following information regarding the company:
- Serves 6 million clients in the U.S., Canada, Puerto Rico and Spain
- More than 100,000 licensed representatives
- More than 25,000 licensed mutual fund representatives — the largest sales force in North America
- Securities clients have nearly $40 billion in assets under management through Primerica
- Placed in force more than $90 billion in life insurance in 2007
- An average of $2 million in death claim benefits is paid every day
- Paid out $682 million in compensation in 2007
- A member of Citigroup, the world’s largest financial services company
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Discussion of Products
Primerica Financial Services sells financial products and services that include life insurance, debt consolidation loans, auto and homeowner’s insurance, variable annuities, (www.mlmlegal.com) and long-term care insurance.
Discussion of Opportunity
Primerica states only the following regarding its income opportunity:
- Freedom from a job
- Freedom from a boss
- Freedom to be in business for yourself
- Freedom to dream big
- Freedom to live life on your terms
Discussion of Distributor Base and Sales Volume in U.S.
Primerica Financial Services is the largest financial services marketing organization in North America, with more than 100,000 licensed representatives and is a subsidiary of $1 trillion asset Citigroup (NYSE:C).
Primerica Financial Services operates in the United States, Canada, Guam, Spain and the (www.mlmlegal.com) United Kingdom.
In 2010, Primerica Financial Services was ranked the eleventh largest global direct selling company, with net sales of $1.3 billion. The company operates in five markets, with 90,000 salespeople and 2,000 employees.
Company website: http://www.primerica.com/public/
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Jeffrey A. Babener, principal attorney in the Portland, Oregon, law firm Babener & Associates, represents many of the leading direct selling companies in the United States and abroad.
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