CEO: John A. Adams
AM Best Rating: A+ (Superior)
Total Assets: $2.708 billion
Net Income: $85 million
Net Premiums Written: $82.757 million
Financial Size Category: X ($500 million to $750 million)
FSR Outlook: Stable
Best’s Issuer Credit Rating: aa-
ICR Outlook: Stable
As of Date: 06/18/13
Organization Type: Stock
Specialty Lines of Business: Term Life Insurance
Marketing Type: Exclusive/Captive Agent
Primerica Life Insurance Company
2000 Argentia Road, Plaza 5
Toll Free: 1-800-387-7876
Web Address: www.primerica.com
Email Address: N/A
* Info courtesy of AM Best’s Key Ratings Guide 2013
Primerica Life Insurance Company, similar to other Canadian life insurance companies, offers numerous products targeting clients with various insurance needs.
Though LSM Insurance is not directly affiliated to this insurer, our experienced life insurance brokers have access to products and quotes of over 20 Canadian insurers similar to the ones provided by Primerica Life Insurance Company such as term life insurance quote, whole life insurance quote, universal life insurance quote, disability insurance quote, critical illness insurance quote, no medical life insurance quote, long-term care insurance quote, group benefits and others.
Primerica Canada, offers debt eliminating and insurance solutions to individuals and families across the U.S., Canada, Puerto Rico and Spain. It has about six million customers and more than 100,000 representatives worldwide.
Products offered by Primerica Canada include life insurance, debt consolidation loans, and mutual fund investments.
Primerica’s Financial Needs Analysis (FNA) is aimed at helping families devise a clear view of their current financial situation, and offers personalized solutions in order to avoid debt accumulation and secure their financial future. Utilizing FNA is Primerica’s main advantage over other companies, meaning that their agents and representatives work closely with their clients to understand their clients’ individual needs and provide the best solutions.
Primerica Canada also helps the younger generation to better understand how insurance products work, and educates them on how to plan ahead in order to secure their financial future.
Primerica has been a leader on the technological front, an area where many insurance companies are sorely lacking. Primerica began using Palm based applications in 2005. They than began allow their salesforce to obtain insurance quotes and file life insurance applications electronically. In November of 2011, Primerica released the Primerica App, which allows representatives to provide insurance quotes to clients without the need for online connectivity – once again a feature not provided by most Canadian insurance carriers.