Primerica Shareholder Account (2024)

FAQs

How do I check my Primerica investment account? ›

Our Web Site: www.primerica.com

Click on the "Your Investment Portfolio" tab. The Shareholder Account Manager is available 24 hrs. a day 7 days a week. You may use our Web site to perform account maintenance, financial transactions, view fund price and performance information, and much more!

You may redeem assets from your accounts using the following methods: Written Instructions – For most account types, you may submit a letter of instruction or contact a Customer Service Representative for requirements and to obtain a redemption or distribution form.

You may be able to take a penalty-free withdrawal from a plan sooner than you would be able to do so under an IRA. Under IRS rules, withdrawals from employer-sponsored plans and IRAs are subject to a 10% early withdrawal penalty if taken prior to age 59½.

Is Primerica legitimate? Yes. Primerica is a financial services company that has been in business for over 40 years.

The investigation concerns whether Primerica and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

Primerica IS a legitimate company.

In fact, they are a publicly-traded company on the stock market, and have operated for decades, helping people with their life insurance needs. Further, people DO make money in a Primerica career.

You may borrow from your 403(b)(7) account once each calendar year, as long as your account has been open for more than 60 days and you have not defaulted on any previous loans from your account. There is a maximum of two open loans per shareholder.

It only provides a death benefit to the beneficiaries. The company says it pays 91% of claims within 14 days. You can't receive a quote or purchase a term life insurance policy online with Primerica. Instead, you have to talk with an agent who can help you determine how much coverage you need.

However, it doesn't offer any form of whole life insurance. Its website lacks transparency, so customers must work with agents for quotes and other inquiries. It may be worthwhile to consider other companies in your search along with Primerica.

Can I just quit Primerica? ›

If you think your Primerica Insurance is costly and it is something you never use, this is the right time to cancel it by calling their hotline number 1-800-257-4725 (for US Clients) and 1-800-387-7876 (for Canada clients) or by sending a cancellation request letter to their mailing address above.

Primerica representatives earn money through the sale of Primerica's products. Primerica currently has more than 130,000 life licensed, independent contractor representatives in its sales force. The Primerica sales force does business in North America.

There is a monthly fee of $25.00 for the use of POL - Primerica Online Service.

Average Primerica Insurance Agent yearly pay in California is approximately $67,720, which is 16% above the national average.

Investment accounts are those that hold stocks, bonds, funds and other securities, as well as cash. A key difference between an investment account and a bank account is that the value of assets in an investment account fluctuates and can, in fact, decline.

Once you gain access to your account online or review your statement, check how your money is invested. Most 401(k) administrators automatically invest your money into a target-date fund. Target date funds are portfolios of various mutual funds and investments tailored to your estimated retirement date.

New Primerica representatives complete an Independent Business Application (IBA) and pay a one-time fee of $99 in the U.S. or $103.95 (includes applicable taxes) in Canada, plus $25 per month ($28 in Canada) to access Primerica Online, the company's business support system.