Joining Primerica FAQsi
What is the Primerica Business Opportunity?
Independent contractor representatives of Primerica Financial Services Ltd. and its Canadian affiliates, referred to as Primerica Canada, can build their financial services business within Canada, leveraging the company's training, marketing, sales tools, and business management systems. Representatives may focus on building their independent financial services businesses to earn extra income or as their full–time focus. Primerica Canada's independent contractor representativesii obtain required provincial licenses to offer the company's products and services. Once licensed, Primerica Canada's independent licensed representatives earn commissions on personal product sales and the product sales of representatives they train and supervise.
Primerica Canada's licensed representatives help families understand where they are on their financial journey and provide a financial "GPS" to help guide them toward a more secure future. A complimentary Financial Needs Analysis provides personalized information based on the client's needs and goals that may include establishing an emergency fund, paying down debt, becoming properly protected with term life insuranceiii and investingiv for retirement or saving for university.
The costs associated with becoming an Primerica Canada independent contractor representative are relatively low and primarily offset the cost of obtaining a life insurance license including pre-licensing training, exams, and provincial license fees. Outside of Primerica Canada, these costs are generally much higher than Primerica Canada's initial business entry costs. New Primerica Canada representatives complete an Independent Business Application (IBA) and pay a one-time fee $103.95 (includes applicable taxes) plus $28 per month to access Primerica Online, the company's business support system.
For more information about the Primerica business opportunity, visit https://www.primericabusinessopportunity.com/
What do Primerica Canada's independent contractor representatives do?
Primerica Canada's licensed representatives help Canadian families navigate their financial future by providing financial education and a financial "GPS" to prepare for a more secure future. The complimentary Financial Needs Analysis provides personalized feedback or information based on the client's needs and goals, which may include establishing an emergency fund, paying down debt, becoming properly protected with term life insurance and investingiv for retirement or saving for university.
Primerica Canada representatives run their own independent financial services businesses while using the company's training, marketing, sales tools, and business management systems. They expand their businesses by adding representatives to their teams to increase the number of clients their businesses are able to servevi.
Does Primerica Canada pay for training?
Primerica Canada provides a host of optional training resources to its independent contractor representatives, including receiving weekly sales, business, and leadership training. The costs associated with obtaining a life insurance license, including pre-licensing training, study materials, exam costs and provincial fees are included as part of the fee to become a Primerica Canada representative. These costs, if paid directly by the representative outside of Primerica Canada, would typically be much higher. Note that if a representative who has obtained their life insurance license meets specific qualification guidelines, they can also have their investment pre-licensing and exam expenses reimbursed.
How does Primerica Canada pay their corporate employees?
Primerica Canada has over 250 full-time employees in Canada with its head office located in Mississauga, Ontario. These employees support the Primerica Canda sales force of more than 10,000 independent life insurance licensed representativesvi. More information about Primerica Canada's corporate careers can be found here.
How does Primerica Canada pay its independent contractor representatives?
Primerica Canada independent contractor representatives obtain required provincial licenses to offer Primerica's products and services. Once licensed, Primerica Canada independent contractor representatives earn commissions based on personal sales and additional income on the sales of the team members they train and supervise.
What is working with Primerica Canada like?
Primerica Canada provides the opportunity for anyone to build their own financial services business as an independent contractorv. Representatives earn income based on the sale or referral of financial products and services and they can devote as many, or as few, hours to their business as they like. There are no quotas or territory restrictions on where or how big representatives may build their business and, once licensed in the provinces they operate in, representatives have the freedom to build their business at a pace that works for them.
The Primerica Business Opportunity for licensed, independent contractor representatives offers individuals the chance to build a part-time business or a financial services career with Primerica Canada. Representatives earn money through the sale or referral of Primerica Canada's products and services. Primerica Canada has more than 10,000 life insurance licensed, independent contractor representatives in its sales force as of December 31, 2024.
Primerica Canada licensed representatives are supported by corporate employees in the head office located in Mississauga, Canada, as well as the U.S. corporate headquarters of its parent company, Primerica, Inc., in Duluth, Georgia.
Should I Join Primerica Canada?
Primerica Canada offers its representatives a total entrepreneurial system. You don't have to come up with an idea, a system or a product. When you become a Primerica Canada representative, "you are in business for yourself, not by yourself" and you have access to an incredible support systemv that enables you to provide financial education and help Canadian families prepare for a more secure financial future.
To learn more about the Primerica Business Opportunity, please visit: https://www.primericabusinessopportunity.com/
How do I succeed with the Primerica Business Opportunity in Canada?
Primerica Canada provides independent contractor representatives with the tools they need to succeed. Primerica Canada representatives have the flexibility to set their own schedule and define a career path on their own terms in the province in which they live.
iDisclosures:
iiIndependent Contractors:
- Primerica Canada offers a business opportunity that involves the sale of term life insurance, securities, and various other financial service products. Primerica Canada representatives are independent contractors, not employees. Their earnings are based on the sale of products offered by Primerica Canada and also qualifying product referrals. Importantly, for many product lines, Primerica Canada representatives must obtain required licenses before the representatives may sell those products.
iiiTerm Life Insurance:
- Primerica Financial Services Ltd. representatives market term life insurance products underwritten by Primerica Life Insurance Company of Canada, Head Office: Mississauga, Ontario.
- In Canada, Primerica PrecisionTerm life insurance is policy form ZLF22PA0G. In Canada, Primerica PowerTerm life insurance is policy form ZLF22QA0G.
ivInvestments:
- In Canada, Primerica Financial Services Ltd. representatives market segregated fund products underwritten by Primerica Life Insurance Company of Canada, Head Office: Mississauga, Ontario. Primerica Financial Services Ltd. representatives also market segregated fund products underwritten by The Canada Life Assurance Company, Head Office: Toronto, Ontario. Mutual funds are offered by PFSL Investments Canada Ltd., mutual fund dealer, Head Office: Mississauga, Ontario. Commissions, trailing commissions, management fees and expenses all may be associated with mutual funds and segregated funds. Please read the prospectus or information folder before investing. Mutual funds are not guaranteed. For segregated funds, subject to the guaranteed maturity value and the guaranteed death benefit, the amounts you receive under your contract are not guaranteed. Mutual fund and segregated fund values change frequently, and past performance may not be repeated. Head Office: 6985 Financial Drive, Suite 400, Mississauga, ON L5N 0G3 | 905-812-2900.
vPart-Time Opportunity in Canada:
- In Canada, the part-time opportunity may be subject to certain restrictions, depending on your occupation.
viIndependent Contractors:
- Primerica Canada offers a business opportunity that involves the sale of term life insurance, securities, and various other financial service products. Primerica Canada representatives are independent contractors, not employees. Their earnings are based on the sale of products offered by Primerica Canada and also qualifying product referrals. Importantly, for many product lines, Primerica Canada representatives must obtain required licenses before the representatives may sell those products.
For more information, please visit https://primericacanada.ca/public/canada/primerica_disclosures.html.