| Description: |
Primerica Financial Services was founded in 1977, when 85 like-minded individuals began a crusade to help middle-income families with the “Buy Term and Invest the Difference” philosophy. That philosophy encouraged families to purchase affordable term life insurance so they would have more money to invest in their family’s future.
Thirty years later, the “Buy Term and Invest the Difference” philosophy continues to be the cornerstone of Primerica’s mission – to help families become debt free and financially independent.
Today, we are part of a global powerhouse – Citigroup. Citi is the largest financial services company in the world with more than $2 trillion in assets.*
*Each member company is responsible for its own financial obligations.
Primerica at a Glance
* Serves 6 million clients in the U.S., Canada, Puerto Rico and Spain
* More than 100,000 licensed representative
* More than 26,000 licensed mutual fund representatives – the largest sales force in North America
* Securities clients have more than $35 billion in assets under management through Primerica
* Placed in force more than $87 billion in life insurance in 2006
* An average of $2 million in death claim benefits is paid every day
* Paid out $631 million in compensation in 2006
* A member of Citi, the world’s largest financial services company
Citi
* More than $2.4 trillion in assets
* Ranked #1 on the Forbes Global 2000 in 2007
* Listed on the NYSE (C)
* One of the 30 Dow Jones Industrial Average Stocks
Providing Solutions
As a subsidiary of Citi, Primerica markets first‑rate financial products and services from some of the world’s more recognizable companies.
Term Life Insurance
* Primerica Life Insurance Company
Debt Consolidation Loans1,3
* Citicorp Trust Bank, fsb
* Citicorp Home Mortgage
* Citibank, N.A.
Mutual Fund Investments1
* American Funds
* AIM Investments
* Franklin Templeton Investments
* Legg Mason Partners
* Oppenheimer Funds
* Pioneer Investments
* Van Kampen Investments
Auto & Homeowner’s Insurance Referral1
* Primerica Secure™ and Insurance Answer Center
Variable Annuities1
* MetLife Investors
Long Term Care Insurance2
* Genworth Financial
Pre‑Paid Legal Services4
* Primerica Legal Protection Program
Home Mortgage Loans1
* CitiMortgage5
Affiliations and Organizations
The Financial Industry Regulatory Authority
The Financial Industry Regulatory Authority (FINRA), is the largest non governmental regulator for all securities firms doing business in the United States. All told, FINRA oversees nearly 5,100 brokerage firms, about 173,000 branch offices and more than 665,000 registered securities representatives. Created in July 2007 through the consolidation of NASD and the member regulation, enforcement and arbitration functions of the New York Stock Exchange, FINRA is dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services. For more information, please visit www.finra.org
Insurance Marketplace Standards Organization
Primerica Life Insurance Co. is a member of the Insurance Marketplace Standards Association (IMSA). IMSA is a nonprofit, independent organization created to strengthen consumer trust and confidence in the marketplace for individually sold life insurance, long-term care insurance and annuities. Qualified companies commit to maintaining high ethical standards and to being fair, honest and open in the way they advertise, sell and service their products. For more information, please visit www.imsaethics.org.
American Council of Life Insurers
Primerica Life Insurance Co. is a member of the American Council of Life Insurers (ACLI). ACLI is a Washington, D.C.-based trade association whose 377 member companies account for 91 percent of the life insurance industry`s total assets in the United States, 90 percent of life insurance premiums and 95 percent of annuity considerations. For more information, please visit www.acli.com.
Better Business Bureau
Primerica is a member of the Better Business Bureau (BBB). The BBB system is dedicated to fostering trust between businesses and consumers in both the traditional and online marketplace. The first BBB was founded in 1912. Today, the BBB system is comprised of 130 local Better Business Bureaus (BBBs) across the US and Canada, and serves millions of consumers, nearly 400,000 small and medium business members, and several hundred national and multi-national corporations based in North America. The BBB system has grown to become the most trusted name and recognized advocate for promoting ethical business and advertising practices, providing more than 90 million instances of service to consumers and businesses in 2005. For more information, please visit www.bbb.org. |
