What are some additional ways to make money with Primerica?

I was reading answers regarding Primerica and I ran across this answer from obe231.blogspot.com:

I've been in Primerica since 2004. When I sell a life insurance policy, I get paid once. Commissions is base off of 1 full year of premiums. If the client cancels during the first 12 months, you will get a chargeback. You will either have to pay that commission back to the company or make new sales to cover it. I think all companies operate this way.

If the client pays for the 2nd year, which about 70 to 80% of your clients will do, you won't get paid on that. You will get paid if the client renews the policy, which will be a long wait since most policies you sell will be 20 year or 30 year level term.

If you get your securities license, you can earn monthly income by helping the client invest. You will get paid when you accumulated at least $25 in earnings (the company doesn't pay checks that are smaller than $25).

Every single client of mine own term insurance and invest on a monthly basis. I'm not sure how many clients I have, but the income I earn from investments is about $2000/month. I have many clients that invest on a monthly basis. If you understand dollar cost averaging concept, you will see why its very smart to invest monthly. I put away $415/month into my Roth IRA, which is invested in several mutual funds. Most of my clients invest $25 to $100 every month.

I wanted to know if others have used this strategy to make money with Primerica and could give me more specifics such as the number of clients it might take to do what this person did?

I would also like to know of other ways that people have made money with Primerica. If you have a negative response; please don't reply.

Also if obe231.blogspot.com, sees this question I would appreciate any additional comments.

Thank You.

Primerica is seen pretty negitively in the insurance industry. Their agents are usually part time and do not know insurance that well. Your boss will use up all your leads before you get started so by the time you get licensed you have no one to sell to.

You better look at the negitives BEFORE you decide on a company you want to contract with.

Look, 95% of ALL new agents, primerica or otherwise, wash out. It's not negative, it's a fact. Yes, if you get licensed for security sales, you have more products you can sell. No, if you're not a good salesperson, it's not going to help you. Sales is STILL really hard work, and rounding up clients and closing the deal is the key - NOT which products you're licensed for.

If you can sell, it doesn't matter a whole lot, if you're selling insurance, or selling cinder blocks, or selling chewing gum. If you can sell, the money is there. If you can't sell, it's not going to work, no matter how many different licenses you have.

Particularly with Primerica, you make a lot MORE money, off of "multi level marketing". That means, when you recruit people to sell under you, you get a cut of THEIR sales. So of COURSE this guy is going to say "I'm making tons of money off this at Primerica! Come work for me and I'll show you how!" because he's trying to RECRUIT you to sell, just like Amway or Tupperware.

If he was making money that easily, why in the world is he wasting his time writing blogs, trying to sign you up??

The best way you could make money now is go back to all of those clients and sell them another company. Odds are you could either double their death benefit or cut their premiums in half. As long as they're healthy I'm sure most of them would be better off...and those that wouldn't should stay where they are.

Some other products you can earn income are:

1) Prepaid Legal. Depending on your level and what state you live in, you can earn $40 (REP) to $100 (RVP)

2) Auto Insurance. (license maybe required in your state). Payout; $50 to $85 per completed app (depends on your level).
3) Homeowner Insurance (license maybe required in your state). Payout $25 to $42.50 per completed app (depends on your level).

4) DebtWatchers. (get certified by visiting Primerica Online). Payout: $50 per enrollment.

5) SMART loan (mortgage license with federal and state is required). Payout depends on size of the loan.

I heard more products will be offered such as home loan and various debt elimination loans. If you recruit someone and get them licensed, you have the potential to earn overrides as well.

How I built my market was starting with people I know. If you joined Primerica, you should of put together a list of people of everyone you can think of. Your upline should be able to help you jog your memory. From this list, you want to pick the top 25 people you have a warm relationship with (such as friends, relatives, co-workers, etc.) From this top 25 list, you want to setup appointment with people in the 4 to 5 point market. What is the 5 point market? People who are married, have kids, currently employed, ages 25 to 55, and own a home. With people in the 0 to 3 point market, you want to invite them to the company overview.

From every appointment you go on, you want to get referrals. Referrals is what keep your business moving. Hoepfully your uplines can train you on how to get referrals. If not, there's plenty of materials out there on how to learn and master on getting referrals. My RVP uses Bob Safford's 3rd party referral system and so do I. Bob Safford is one of the oldest Primerica rep who been with the company since the early 1980s.

Anyway, I built my market over time. I joined the company in 2004 and only earn about $1000 in my entire first 12 months. It took me awhile to get my license and I wasn't actively engaged in the business. The first appointment was with my parents and it went extremely well. I replace their current life insurance and gave them more coverage for less money. The financial needs analysis shows them how to pay off all their debts in the most fastest and efficient way. I help them start a retirement fund by opening a Roth IRA. As you can see, I fulfill a financial need for them. If I didn't join Primerica, nobody will help my parents out. Nobody will be helping me start a retirement plan as well. Majority of middle income families are being ignored. Many families are struggling with debt, do not have enough coverage on their life insurance, and don't have a proper retirement plan. With millions of people currently out of work, I'm pretty sure the debt problems is getting even more worse.

Anyway, since my parents saw what I was able to do for them, they refer some people to me. Then these people refer some other people to me and it never stop. If you are able to add value to your clients, they will refer people to you if you ask for it. Some of my clients became my recruits.

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