Primerica Life Insurance FAQs

What kind of life insurance does Primerica offer?

Since 1977, Primerica has offered term life insurance, giving families the coverage they need at a price they can afford. Primerica believes that inexpensive term insuranceii is the best option for most families. A common misconception about life insurance is that it is a permanent need for each family. Many financial expertsiii see it as a way to simply "buy time" until you accumulate savings, not as a permanent part of your financial program.

Is Primerica Life a Good Insurance Company?

Yes. Primerica Life Insurance Company has been rated "Superior" by AM Best with an A+ ratingiv. There is no higher rating in the insurance industry. Through its insurance company subsidiaries, Primerica was the #2 issuer of term life insurance coverage in North America in 2020v. Every year, Primerica pays out over a billion dollars in life insurance benefits to clients' familiesii.

Does Primerica pay out death benefits?

Yes. Primerica paid $1.7 billion in life insurance benefits to clients' families in 2020iv. The Company pays an average of around $4 million in insurance benefits to families every day, with over 90% of claims being paid within 14 daysii.

How do I cancel Primerica Life Insurance?

To cancel your Primerica Life Insurance policy, please call Client Services directly at 1(800) 257-4725, and they can assist you.

iDisclosures:

iiInsurance:

  • Life-licensed Primerica representatives are agents of certain affiliated Primerica Companies. In New York, term life insurance products are underwritten by National Benefit Life Insurance Company, Home Office: Long Island City, New York. In the United States (except in New York), term life insurance products are underwritten by Primerica Life Insurance Company, Executive Offices: Duluth, Georgia.
  • In Canada, term life insurance products and Common Sense Funds segregated fund products are underwritten by Primerica Life Insurance Company of Canada, Head Office: Mississauga, Ontario.

iiiMark P. Cussen, Top 10 Life Insurance Myths Revealed, Investopedia, October 17, 2020, https://www.investopedia.com/articles/pf/08/life-insurance-myths.asp

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ivAM Best Ratings:

  • The following companies have been rated A+ (Superior) by AM Best: Primerica Life Insurance Company, Primerica Life Insurance Company of Canada, and National Benefit Life Insurance Company. For the latest Best's Credit Rating, access www.ambest.com. AM Best ratings range in order from the highest ratings as follows: A++, A+, A, A-, B++, B+, B, B-, C++, C+, C, C-, D, E, F..

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vFinancial Information:

  • Financial numbers reflected throughout this page are the combined totals or daily average, as indicated above, as of, or for the year ended, December 31, 2020, for the following affiliated companies: Life Insurance: National Benefit Life Insurance Company (Home Office: Long Island City, NY) in New York; Primerica Life Insurance Company (Executive Offices: Duluth, GA) in all other U.S. jurisdictions; Primerica Life Insurance Company of Canada (Head Office: Mississauga, ON) in Canada. Investments: In the United States, securities are offered by PFS Investments Inc. (PFSI), 1 Primerica Parkway, Duluth, Georgia 30099-0001; In Canada, mutual funds are offered by PFSL Investments Canada Ltd., mutual fund dealer, and segregated funds are offered by Primerica Life Insurance Company of Canada, Head Office: Mississauga, ON. Each company is responsible for its own financial obligations

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For more information, please visit https://www.primerica.com/public/primerica_disclosures.html.