Any experience with Primerica?

Budget101 Discussion List Archives Budget101 Discussion List Any experience with Primerica?

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      We have used Primerica since 2001. (We do not “sell” Primerica) We

      have our life insurance with them and an Roth IRA. We have actually

      average an 11% return over the 6 years we have been with them. We

      are using an extremely aggresive fund right now since my husband and

      I are under 30. We never refinanced with them because we don’t have

      the disipline to put our taxes and insurance into a money market.

      Doing a bi monthly payment plan equals to paying an extra payment a

      year. We took our monthly payment divided by 12 and pay that amount

      extra towards principal every month. My husband and I figured it may

      take 2-3 months longer than Primerica’s way to payoff our mortgage

      but we like our taxes and insurance included in our mortgage even if

      we are lossing out on interest. Take advantage on Primerica’s FNA.

      I liked the debt emlimination page were it tells you in what order to

      pay off your debt. My husband and I have no credit card debt and

      have not carried a balance on a credit card in almost 2 years. We

      are down to just our mortgage.

      If you are trying to eliminate debt may I suggest reading The Total

      Money Make Over by Dave Ramsey. Great book. He also has a website

      I believe you can ask him questions and he has a radio talk show

      too. He’s great. I hope some of this helps.

      Let me know if you

      have any other questions

      — In Budget101_@yahoogroups.com, “jpoo68” wrote:

      >

      > Hi all … has anyone had any experience with Primerica? They are

      a

      > part of Citigroup, and they’re geared towards meeting with families

      > trying to help them plan their financial future — get out of debt

      > (usually via a refinancing), make sure you’ve got enough insurance

      to

      > cover your financial needs, and of course retirement planning.

      When I

      > looked online a little, the main complaints I’ve come across is

      that

      > they’re almost like a multi-level marketing thing — trying to

      recruit

      > others to come on board and start pushing the services, convince

      > others to do the same (kind of like Amway). That’s not anything

      I’m

      > worried about, the guy who met with us does not seem interested in

      > that, just in helping figure out our financial plans. But I have

      to

      > admit, some of it sounds a little too good to be true — their

      > investment package for retirement typically does 12% annually?

      Their

      > refinancing deal will not add any time to your current mortgage

      > length, and in fact will often cut the time half? You know what

      they

      > say, if it sounds too good to be true …

      >

      > I don’t know, I hate to sound skeptical. But I also don’t want to

      be

      > naive. So anyway, anyone have any experiences or info on them?

      >

      > Jill

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Budget101 Discussion List Archives Budget101 Discussion List Any experience with Primerica?