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.