Primerica Division of Citigroup Review

Company Background:Primerica Division of Citigroup,was founded in 1977 by Arthur L. Williams, Jr. as A.L. Williams & Associates. The company established a niche market by marketing the concept of "Buy Term and Invest the Difference." There goal was to encourage middle-income families to buy affordable term life insurance so they could have more money to invest in their family's future.In 1991, Primerica Corporation changed the name of A.L. Williams to Primerica Financial Services, and in 1998, Travelers Group and banking giant Citicorp merged creating Citigroup. Primerica and its affiliates continued to operate as subsidiaries of Citigroup, although the Travelers insurance business was spun off in 2002.Products:Term Life Insurance, Auto Insurance, Homeowners Insurance, Mutual Funds, second-mortgage and personal loansBusiness Opportunity and Compensation Plan:As the Primerica Division of Citigroup representative, the income level that they achieve varies based upon the licenses obtained, and the amount of commission-based business written in the field, as well as the size and activity of the agent's organization. The time that it takes to get trained and licensed for Primerica Division of Citigroup products may prevent the kind of fast organizational growth that has taken place with many network marketing companies; however, Primerica attracts more serious networkers and more people with professional backgrounds.Entering Primerica costs $199, which is reimbursable upon passing a licensing exam, since life insurance licensing is a required element of the business opportunity. The commission on a sale of term life insurance is 25%. The representative who closes that sale gets the bulk of the commission but has to split the rest among people in their upline. As with any business structured around multi-level marketing, you are paid commissions based on your sales level.If you're seeking an internet business, you won't find it in Primerica, yet. Those looking for complete details will need to contact a Primerica Personal Financial Analyst directly for a one-on-one presentation, which is usually conducted in-home or in-office.If you're seriously considering a Primerica business opportunity, take inventory of your "warm market", family and friends, since Primerica Division of Citigroup recommends that these people become your first prospects when trying to build your business. Primerica Division of Citigroup recommends that you have 8 new kitchen table appointments per week to grow your business.