Primerica prepares to be taken off Citi's map

Considering Primerica's sales force is 100% commission; which is extremely low cost to Citi, I think it's a bad move to sell them off. Citi should look to cut costs in other units which are mostly salary based.

I agree Mike. Primerica is an extremely profitable part of Citi and would definitely not be the first subsidiary they should sell. Perhaps they are just selling what the buyers will buy though. But besides the sales force, there is also the Primerica Life part of the company, which is very profitable with all the term life insurance policies that it underwrites. If I were Citi, I would keep it.

Although, with the negative press that Citi is getting, who's to say that this might not be a better deal for Primerica.

I love how Primerica sells itself as being part of the citigroup family. Now we have people stating that Primerica would be better off without the financial power that citigroup has. LOL I love all the double speak and the twisting in the wind

Dan,

Although using the "a division of Citi" is used, I have yet to meet a Primerica agent that actually liked it. I have even met several that don't use it.

The only reason it was used was to help with name recognition. Nothing more. Many are grateful we are leaving Citi.

So who are the most likely suitors?

Dan,

Throughout Citi's ups and downs, Primerica has consistently produced. Regardless of market conditions, Primerica has been able to distribute much needed financial products to middle America. Citi needs money, Primerica needs support.

www.primericabusinessopportunity.com

I agree with Mike (the first posting).

I think Citigroup is making a basic business mistake. The working relationship between Citigroup and Primerica Financial Services(PFS) has proven track record to be a successful working formula for all concerned.

Business 101 - Sell your losers - Keep your winners.

Sandy Weill's building of Citigroup was pure genius - I know Vikram Pandit is between a rock and a hard place - he needs to raise capital and wants to reduce "non-core legacy assets".

Under normal circumstances - which this is not - selling that which is showing a loss and keeping that which is showing a profit - is just basic business common sense.

I do not know if any other company understands Primerica or how it operates - Sandy Weill understood it exceptionlly well - I hope that Primerica gets a suitor who can play into Primerica's strengths rather than trying to convert it into a business model that the present times show do not work as well.

As far as potential suitors that Bill (previous posting) asked - I would speculate that Metlife would make a bid on PFS - within the short time that PFS started marketing their annuity product Primerica I believe has become their largest distribution channel in a very short period of time.

Unless Metlife (or Legg Mason - mutual funds) have contractual arrangements to protect themselves I would imagine that they would hate to loose PFS.

With the largest financial marketing sales force - PFS equals distribution - history will be the judge on this one.

Thanks for your insights, Paul, as well as everyone who posted theirs. It's such a relief for once to know folks who have a balanced, mature look at a powerhouse company like Primerica that has, for the most part, done some truly remarkable things for today's average Joe families, not just the 5% of this world.

Based on what I have been told, there are no sutiers and that Primerica raised the money to purchase it self away from Citi.

Again, this is speculation, but heard from a very reliable source.

Also, Paul, I believe MetLife may have made a bid but was rejected by Primerica.

All and all, expect news soon. I also believe all is finalized.

As stated before, this is all hearsay.

Well, I work at Primerica. I am a Citigroup employee and NOT a Primerica Sales Agent. There are over 1500 of us who work in Duluth, GA as well as a locations in Ohio and Canada. The selling of Primerica will definitely mean a cut in personnel. Many jobs will be lost.

Over the years Primerica has salvaged jobs that could easily have been cut due to technology advances. But the company has been good about holding on to it's employees and making new jobs for us within the organization. I am sure life at Primerica will be a whole lot different when the new parent company is finally announced.

The sad thing is that Primerica has its own culture that differs greatly from other companies. Those employees who have decided to work here for 20 years will be in for a big shock when they move on from here. Heck, there are dozens of VPs and Directors here with no college degrees and no prior training for their areas of interests. Just years of service. It's almost as if they set themselves up for failure. Tsk, tsk, tsk...

I actually look forward to the change. We need someone to come in here and do some fixin'.

James - Thank you for posting your insights.

Now that is a very interesting proposition. Primerica buying itself from Citigroup. Hmmmm.

If Metlife did make a bid to buy Primerica then it would be buying from Citigroup - right? If that is true then are you implying that Primerica was not comfortable with that arrangement?

That makes sense based upon Primerica's strong feelings about companies selling whole life insurance policies.

But if Primerica did buy itself from Citigroup, it would have to raise capital from either debt or equity or a combination thereof.

How would this effect the sales force in terms of commissions, support, promotions, bonuses, adding or losing of product and service lines, etc.?

Would Primerica be better or worse off without a namebrand and well capitalized parent company?

This sounds like this could be the biggest news for Primerica sense April 1998 when Citicorp and Travelers merged. I along with I am sure Sandy Weill miss the red umbrella logo. What about a new logo - american bald eagle?

primerica sucks dick

I have also heard that the deal has been completed and they will be announcing the details very soon. I had hear that Met Life was a big player in the bidding, but nothing certain. One thing I do know is that most of us within the company are hoping that Art Williams plays a part in the future of the company, either as one of the new owners or in a leadership position of some type.

Mike Jones,
Are you serious? That is a very well thought out post. Such intelligence... Perhaps you were not a good enough agent or maybe even worse a whole life salesman, mortgage broker charging YSP or putting someone in a VA inside an IRA. Either way, please leave the posting to people with rational and logical thoughts.

I agree from what I have heard nobody is buying Primerica and the rumors have been that they appear to be trying to break away on their own. I think that Pandit is making a huge mistake. High profit, low cost companies is a rare thing. Probably for the best. Let us remember A L Williams, American Can and Primerica Corporation were all very successful and respected companies. With American Can and Primerica Corp a Dow Jones stock.

The people at that company are different. For many that are successful businessmen and not PHD's stuffy corporate suits and do not get along with Citi. For them they are probably salivating at the chance for them to decide how they spend, lend, and pay money.

Mike Jones is hilarious!

Anyway, shouldn't y'all be prospecting instead of jerking off on the computer about stuff you don't know anything about?????

P.S. Check out Brysam Global Partners at Brysam.com. Its an interesting private equity firm that was begun by Marge Magner and Bob Whillumstead. Yes, I know Bob has fucked up AIG and is praying for a government bail out. Anyway, they just brought a gentleman named Bob Lipp on board too. Hmm, a bunch of Sandy's old cronies with a private equity firm. Nope, you're right you guys will probably be wearing Snoopy shirts and selling whole life.
P.P.S. John Smith, you sell YSP too! Its called "loan broker compensation", P.O.C. paid to PFSHMI.

Mr. Jones, I find your language offensive and in very bad taste. I'm sure you are capable of expressing your disdain for the company in less juvenile terms. Not to mention posting this on the anniversary of one of the greatest tragedies in American history.

Mr. Jones I see your point, but it was using the wrong language. The only problem I see with primerica is that they feed you a lot of unverified information and sometimes false. I have yet to see anyone tell the whole truth with primerica. They pride themselves on service, but who doesn't. If they don't have Citi anymore than why do business them since their products are overpriced. Just look at the fees with there mutual funds and life insurance. There sales techniques are very questionable. The whole line of owning your own business through them is a load of BS. If you are going to own your own business then start one. By the way it's not as hard as they say it is. You'll be in control and not have to worry about a company that you don't own change things on you. By the way they own your clients, not you. So they can dictate how they want to pay you or not pay. And they want you to work until you drop by following there rules. Running a real business is a lot easier then what they want you to do. They set limitations, but with your own business you have no limitations. That alone is why you are setup to fail with primerica. They don't care because they aren't paying you anything. Sssh, it's a secret. They don't even want you to do your own thinking because that's how they can control you.

I also work at Primerica in Duluth, Ga. The current rumor as of today is Metlife has bought Primerica. The sale is suppose to be final already, but the annoucement won't be made for a while. The rumor also goes on to state that Metlife is only interested in the Primerica agents and customers. This means those of us in Duluth will be out of a job soon. Of course, the employee, meaning anyone below management status, has not been told anything. If we ask, we're told 'Primerica is making money. Don't worry about what Citi is doing.' Some employees have recently bought new homes, some have kids looking at going to college, and there are many couples that work there. This means they lose not one, but two paychecks. Many at the company that have been keeping up with the rumors online, in the paper and on financial news programs feel they should be hearing this news from the company not outside sources.

I have been researching the company and the business opportunity. The news of the sale of Primerica is causing me to pause at this point - not sure if I should get started now or wait until the sale and the dust settles. My concern is how the new owner (MetLife?) would change the business opportunity for the agents - commissions, products, PFS business philosophy, culture etc. Any thoughts? (Please only serious responses - if you have an ax to grind with PFS, please take it somewhere else.)

I know things are not as good as some of you think they are i read all opnions and alot of you are very blind to the situation and try to justify it. Alot of people have come to me and told me something i forgot i had stated in 2007 that this was going to happen it did ,some of you said i was crazy and you know who you are i also stated years ago the walls would come down in russia they did i just didnt think it would happen in my life time .Dont ask me for the lotto numbers it doesnt work that way? A lot,no most of you are all heart and only about 20% of these opinions i have read have a brain. Don't get upset at me alot of people like to hear what they want to hear even if they say it to them selves but not what they need to hear and for that you loss . You are the majority that should have come together and all do the right thing now your left wondering whats going to happen. No ownership in a business you think you own and not reading the fine print to see between the lines where you could be or where you might end up is not good business ,a real owner has control over that so now you got what you deserve sold. I'll toss you a quarter of my opinion you can catch it or let it drop , Dont put all your eggs in one basket have an open mind for business opportunities you control and you'll never get cought wondering whats gonna happen next.Stop walking a path that your lead to theres still alot of good companies left in this arena so become a leader and take charge of your future, compare and contrast and out weigh the risks but most of all keep your options open or you'll be sold time and time again.

If Primerica would really be as profitable as many here think it is for Citi, no one in their right mind at Citi would consider selling a "cash cow" in these times. Primerica has been using the name Citi as a sales pitch all along, nothing more.

I feel CitiGroup should keep Primerica and both companies can go down together. Primerica has rip-off consumers for years selling the most expensive term insurance in the country. Their clam to help families is nothing but a lie, Primerica has hurt more families then they helped.

Unfortunately PFS and it's folks are dealing with uncertainty. As a producer in a like business (and I did consider PFS when I began my business) PFS is being considered for sale to raise capital to offset their write-offs not to save costs. That's why dairy cows cost more than beef cows. They produce continuously and are more valuable. You folks are a commodity. You're products and services are lagging behind the industry and that's also a reason to "upgrade" the Citi business model. I have been recruiting PFS reps for a while and our core beliefs are the same, help families achieve their financial goals, our tool set differs but the basics are the basics. If you are interested in a little more stability without giving up the ability to put kids through college and grow your business let me know.

In responce to (ronm)
I dont think anything will change with Primerica as far a the way they do business that is how they stay in business by doing what is right 100% of the time.

In response to World Financial Group.

You said, "I have been recruiting PFS reps for a while and our core beliefs are the same, help families achieve their financial goals, our tool set differs but the basics are the basics. If you are interested in a little more stability without giving up the ability to put kids through college and grow your business let me know".

Do you even know what you're talking about? You and Primerican's core and belief are NOT THE SAME. Primerican's are honest people. Check the link below.

Concern PFS Client

http://findarticles.com/p/articles/mi_m0EIN/is_2001_Oct_22/ai_79357030

It will be nice when the uncertain events are past us.

Why are so many Primerica agents convinced that they do the "right thing"? If you mean protecting families by selling them insurance, I agree. But, selling families a term product that is SO much higher in premium? The only benefit I see in that is to the Agent, not the client.

I would challenge any of you to actually look at how a whole life product works. I hear from so many Primerica agents that "whole life products are a rip-off". If you look at how the product works and how this can be a part (note how I said part)of your retirment portfolio, then I think you would be surprised to see that it can be beneficial to own some whole life insurance to take care of permanent needs. No agent that sells whole life would ever advise clients that can't afford the product to even consider purchasing it.

I have yet to meet an objective agent from Primerica that would at least listen to how the product works. I agree that for some buying term and investing the difference works. In fact for most people this is what I would recommend. But, if you plan on making more than $160k annually then owning some Whole life might make sence.

P.S. Did you know that Suze Ormon owns whole life insurance?

Marc_599,

"No agent that sells whole life would ever advise clients that can't afford the product to even consider purchasing it."

You are naive at best. I have been in Primerica for about 3 years now. Doing pretty well. So well, i'm actually suprised i'm wasting my time writing to you people like you who have all probably tried Primerica, didn't have what it took to make it, saw what you were really made of, and had to find something bad to say about the company to make yourself feel better. I understand. We are all prideful creatures. But don't ruin someone else's shot at it because you didn't have what it takes. So, with all of that being said, I have sat with plenty of families that couldn't afford the amount of insurance (which were under-insured) and replaced it with what they needed for much less. You know that (it's crazy) there are quite a few people out there that will sell anything to make a buck. At least I hope you aren't THAT naive.

I was a Primerica agent for a year and I have mixed feelings about it. From my time with them, I picked up a financial education that I will always value and which has helped me in my own financial decisions. I also feel that their products are good and their financial strategies are sound. I do have some issues with the "rah-rah" nature of their self-promotion, and much of what they call training is little more than pep talks. Ultimately, to be a success in Primerica, you have to be "on the clock" 24/7. You have to treat everyone you know, everyone you talk to and everyone you meet as a potential client, a potential recruit or, preferably, both. This is ironic from a company that constantly touts how agents can earn $1500 a month working "just a few hours a week".

Ultimately, it took me a while to realize that I didn't have the mindset for that kind of sales. I started feeling guilty about constantly trying to think up new ways of recruiting my friends who had turned me down in the past, and getting referrals from my existing clients (many of whom never really understood why they were important to me) was like pulling teeth. By the time I severed my relationship with Primerica, my "warm market", which was never more than tepid, had gotten positively frigid.

Even so, I'd like to address all those people in this forum who have been bad-mouthing Primerica. Consider this: when I left Primerica, and went back to looking for a "J-O-B", I put Primerica on my resumé, which I posted on Monster.com and CareerBuilder.com. Within the next six months, I received calls from THIRTY-FOUR (yes, I kept track of them) other insurance companies trying to recruit me. If Primerica agents are such a disgrace to the industry, then why did it seem like every damn insurance company in America want a piece of me when they found out I was available and licensed? I KNOW these guys weren't calling me because they had more client than they could handle.

That's the tragedy of Primerica and most other network marketing style opportunities (please, if you are a Primerican, don't tell me PFS is not a network marketing company. It may be a lot of things, but its compensation plan is classic network marketing. If it looks like a duck, walks like a duck, and quacks like a duck, then it is most likely a duck). They tell you that you can make some real extra money with just a few hours work per week, but almost all their training is geared towards becoming a big hitter and, as an earlier poster noted, being on the clock 24/7 constantly thinking of ways to hit up all the people you know.

Primerica's basic "buy term and invest the difference concept" is superb. Their approach to loans needs a HUGE overhaul although the concept they market for getting out of debt is potentially sound (though problematic in some respects), they need (among other things) a different vehicle with far more diversity in terms of lenders to power it.

They have a legitimate opportunity but until they give up the hype and learn how they can teach their people how to build a business with or **without** their friends, family, or neighbors, (and view the latter as legitimate and not something to be tolerated until you get into a "warm" market) they will never reach their full potential or provide a maximized opportunity for those who are truly qualified.

As for the real subject of this thread, let's hope any potential suitors don't make the mistake that was made with the Excel Corporation. Kenny Trout sold out for 3 billion dollars. The company that bought him out had no clue about the networking marketing business and the culture unique to it. They tried to impose a foreign culture and business model and promptly lost a ton of people and some very big bucks.

The same almost happened to PFS when Sandy Weill forced out Art Williams. They eventually righted the ship but PFS has never risen to the levels it was at during the days when Art Williams was at the helm.

Xephon:

I can tell you exactly why Primerica agents are in high demand. One word: Impressionable. Anyone who has stayed at Primerica for any period of time has obviously drank the Kool-Aid and chanted with the other drones. These types of people are invaluable to businesses because they are like Silly Putty to anyone with a bit of will power of their own.

Some of my coworker are Primerica agent and they are trained to tell everyone that Primerica is a independent bussiness. If they are a independent bussiness and Citi does not own them than how can they sell them?

Chad Smith and mike jones are both in the boat of dissing the company. But neither one has told us anything about their actual experience with the company. And they are in the distinct minority, too. Why is it that most of the commentary I find on the web runs about 9:1 FOR Primerica? No one else seems to get that good a score, at least not in the insurance or mortgage (especially) business.

And Kay, they don't say that Primerica is an independent business - the Primerica offices are owned by independent businesspeople after they operate them successfully for 3 years. Other places, like Edward Jones maybe, won't let you own the sales office. It belongs to them, and so do you. Of course, I suspect you might belong to Primerica if they paid you enough money.

Odd how this thread has gone off and on topic again so frequently. I have been in the firm for nearly 10 years now, so my perspective may be a bit more encompassing than some others that have shared their own here. I also have some friends in the NY financial media who have been invaluable sources of accurate information for me.

MetLife will not buy Primerica, at least not as long as the Snoopy company has it's currrent CEO. Reportedly, he recently swore as much in front of a group of top MetLife execs and agents. Those who posted earlier here surmising that Met was a potential suitor weren't wrong, however, at least not earlier in the process. Met WAS very interested until they floated that balloon in front of their own people. Met agents are all full-time professionals, and they were aghast at the prospect of adding a team, albeit a HUGE team, of largely part-time people to their company and "diluting" the "suit-and-tie" image that Met has traditionally maintained.

JC Flowers and Protective Life were serious buyers. When the stock of Protective Life got hammered recently, however, that deal died. Another private equity company, TPG (Texas Pacific Group) has also shown interest, but that apparently is not going anywhere at this point.

Part of the problem is that Citi wants to sell PFS for top dollar is a buyer's market. PFS is a very valuable, very profitable company that would normally be snapped up in a NY minute...but these are not normal times. It is true that high-level discussions have taken place about having PFS essentially spin off and "buy itself" away from Citi, and I suspect founder Art Williams was or is still a potential part of that equation. Bottom line, however, is that no sale is going to take place until Citi CEO Pandit and that incompetent board of his pulls their heads out of their collective asses and agrees to sell Primerica for a realistic price in TODAY'S market.

Merrill Lynch was sold to Bank of America for a song, although it was on the verge of insolvency at the time. By contrast, PFS has NO toxic debt on its books, and made between 500-600 million dollars of NET profit in 2008.

My ten years of experience here (and I run an office for the company) is that this business is not that easy to build, but it IS doable if someone is persistent and focused. I laugh at people who deride the company for its "rah-rah" culture...why is it a negative to create positive enthusiasm and to celebrate success? PFS is far from a perfect business model, but it is better than the bulk of "opportunities" out there. Perhaps it really would be better to open one's own business rather than affiliating with an already established infrastructure like PFS. But what the detractors who are afflicted with selective amnesia always forget to acknowledge is that to do so requires a major capital investment. The people who voluntarily choose to build a career with Primerica may do so with less than what I spent for dinner last night...hardly a huge risk of someone's life savings.

I suspect that Citi will eventually be "forced" to sell PFS, if for no other reason than the government is going to start demanding that the loans made to Citi start getting repaid sooner than later. That is exactly why AIG is having to sell off some of its own core assets that are still profitable.

I think PFS will end up getting sold to a combination of a private equity firm and an IPO that will be available primarily to people in higher positions with the company, i.e. Regional Vice Presidents and up. Citi will lose a valuable asset, but that is their own fault. PFS could come out of this arrangement far stronger.

Speaking from the point of view of a client of Primerica. I did have whole life and I did buy the Primerica Term Insurance. Before I accepted the policy I did do some research. I agree that the Priamerica Term Insuance is not the least expensive but it is definately not the most expensive. Come to find out I do have riders that MOST term policies do not include. When you compare apples to apples then Primerica is not as expensive as most of you agents on here would like for us consumers to believe. I will bet that if most of you whole life sellers on here sat down with your client, and showed them how whole life works, and then showed them how “buy term and invest the difference works”, then your client would NOT buy the whole life policy. This is another reason I decided to buy from Primerica... they had the heart to show me how it works. If the agent who sold me my whole life policy had originally showed me both sides of the story then we would have no need for Primerica, but guess what...there is a huge need for Primerica because they are the only one willing to help educate the us.

To interested readers:

To PFS Insider,
I appreciate your comments on it not being an easy business and you had to work hard, I suspect you have. I have been around the insurance and investment industry for over 20 years. I have some facts, although they are not "NY insiders", just the New York Times.

"The proposal, announced in January, calls for Primerica to surrender its stock in its Massachusetts Indemnity subsidiary in exchange for a majority interest in a new public company, the A. L. Williams Corporation. The agreement would extend Massachusetts Indemnity's role as underwriter of the term-life policies sold by A. L. Williams agents until the year 2038."

So, is this another opportunity for Art to own the company that he sold out from under all the people that bought into his ideals to make more billions? Or is he trying fix a wrong to make it right this time? And no, I wasn't part of that in anyway, I've just met quite a few.

"LEAD: Gerald Tsai Jr., chairman of the Primerica Corporation and architect of its transformation from the American Can Company, continues to wheel and deal, selling subsidiaries to reduce debts incurred during its rapid expansion into the insurance and securities businesses."

You say no toxic debt, but the ratios are quite high and coming from somewhere.

You say an IPO, reserved for upper management, how is that fair. Microsoft, like them or not, created a lot of wealth for people because the let all the little people participate.

To Jman,
You need to do some more research. I was looking at getting another insurance policy (btw, I own both term and permanent insurance, so I suspect impartial?) and called a PFS agent. First, it was like pulling teeth to get a proposal and a quote. When I did, it was more than all I compared, and substatially more than many. I might suspect you are more than just a client.

To all,
This is where the old saying, don't through out the baby with the bathwater seems to fit. PFS has some fine individuals, I'm just not sure of the product line and methods. I don't know all the ins and outs of them, but they all seem to make one feel like a captive of any other company like American Family or County Companies or Northwestern Mutual. Being business minded, I firmly believe we should all have multiple income streams, whether that is mulitple jobs or multiple businesses or multiple investments.

Jman,
Thanks for the props for Primerica! We're very happy with who we are, what we do, and our plans for the future. YOU are the reason we stay in business; because there are clients who need the information and just plain don't understand how their insurances, debt, and investments work. Actually, I recently just helped replace a UL policy of an Insurance Salesman at another company who sold himself a policy he did not fully understand. It just goes to show that anyone who *thinks* they understand Cash Value life insurance is sorely mistaken.

B Open,
I'm so sorry you hold a position of such dislike for what we do at PFS. Honestly, if you really knew how our products worked, you would be singing a different tune. Next time you get a chance, read the fine print on the cash value life policies, read third part resources (IE "What's wrong with your life insurance", "Financial Self Defense", "Consumer Reports on Life Insurance"), and go find out the difference between simple and scheduled interest mortgages and try to find more than 1 in North America that still offers a simple.

The Best of luck to you all

P

I found this blog on Primerica: www.askprimerica.com that gives some of their current numbers. An investment portfolio of $6.6 Billion. Over $2 billion in revenue each year. $639 billion of term life insurance in force. Rated A+ by A.M. Best. And they are debt free! With all the negative stuff in the financial sector, they are actually making money.

I found this blog on Primerica that gives some of their current numbers. An investment portfolio of $6.6 Billion. Over $2 billion in revenue each year. $639 billion of term life insurance in force. Rated A+ by A.M. Best. And they are debt free! With all the negative stuff in the financial sector, they are actually making money.

www.askprimerica.com

People are entitled to their opinions, its a free country, but its funny how so many people are un-educated about the facts. This is where we are planting our flag! We will win here, we are winning here, and when we help others get what they want, we will get what we want! You reap what you sow, you reap in multiples but you do not reap in the same season you sow! I'm getting off here to sow some more good seeds!

I've just joined Primerica for a short while now.
My opinion for selling Primerica is REALLY a big lost for citi.
Primerica also has become very large in a short amount of years rather than other companies that has been around for ages.
I really like Primerica and I really hope they don't SELL!

If anyone puts down companies like Primerica they must love having a boss, no freedom and are not motivated. Go get yourself a 9 to 5 and then turn that into a salaried position working 12 hours a day and make that huge $75k salary with those benefits that they give you and then take them away. Jobs like Primerica are for the ultra motivated, case closed, if you are not motivated then jobs like Primerica wont work for you and will cause you to defend yourself of why you quite the company. The companies business model works, its the individual who has to be motivated and be willing to learn something new to improve himself everyday to make it.

I have caught wind that Primerica is going into bankruptcy, is this true and if so I guess it is time to pull out my monies and move them to a stable place.

Ron,

The wind that you have recieved about PFS going bankrupt is not at all accurate. And the any money that you have invested is through whichever investment company your agent placed your money with.
As for all the other posts, there are some really sensible and meaningful posts here supporting Primerica, and of course in any free typing situation, you will get the rif rafs who post something ignorant just to make some sort of statement.
To all of you who are considering this business, give yourself a shot. For all of you involved with the company, keep up the good work. Lastly, for all of you who just post nonsense, check your stats about legitimacy, premium rate competition, and all the other completely false garbage you placed on here.
Your senseless comments really don't even warrant any response, but I'll throw one at you just in case someone found this and is taking a look at trying this business, in hopes they will realize the lack of proof and intelligence with which you post your comments.

Primerica will be better off without Citi. Citi fell into corruption like the rest of the large financial institutions which doesn't sit well with Primerica. Primerica always was always against the dishonest and corrupt nature of large financial institutions. Primerica has this thing they call "The Crusade" and I think their "Crusading Spirit" died down when they became part of Citi. Now that Primerica has been taken out of that negative environment, they now have a chance to really shine and become the company they are meant to be.