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Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrate’s insurance content represents and adheres to the Bankrate brand. Nov 01, 2022 Bankrate logo The Bankrate promise
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Not rated Bankrate Score Home 0.0 Auto 0.0 About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Pros and Cons Quick Look Pros Cons Only sells term life insurance No medical exams are required Nationwide availability This advertising widget is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate. The offers and clickable links that appear on this advertisement are from companies that compensate Homeinsurance.com LLC in different ways. The compensation received and other factors, such as your location, may impact what ads and links appear, and how, where, and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available to you as a consumer. We strive to keep our information accurate and up-to-date, but some information may not be current. Your actual offer terms from an advertiser may be different than the offer terms on this widget. All offers may be subject to additional terms and conditions of the advertiser. Compare life insurance providers quickly and easily
See which provider is right for you. The amount of coverage you need depends on many factors, including your age, income, mortgage and other debts and anticipated funeral expenses. Whole life insurance combines life insurance with an investment component. Coverage for life Tax-deferred savings benefit if premiums are paid 3 variations of permanent insurance: whole life, universal life and variable life include investment component Term life insurance is precisely what the name implies: an insurance policy that is good for a specific term of time. Fixed premium over term No savings benefits Outliving policy or policy cancellation results in no money back Find matches Powered by HomeInsurance.com (NPN: 8781838) This advertising widget is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate. HomeInsurance.com LLC services are only available in states where it is licensed and insurance coverage through HomeInsurance.com may not be available in all states. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Bankrate Why Lemonade? It's a fresh twist on life insurance: easy, accessible and affordable. See more providers in Choose from insurers in Show More Primerica life insurance coverage types
Primerica focuses exclusively on one : term life. If you are looking for another type of coverage, like whole life or universal life, Primerica won't be an option for you. However, if you're shopping for a , Primerica could be worth looking into. Depending on where you live, your policy may be underwritten by the Primerica Life Insurance Company or by the National Benefit Life Insurance Company. : A term life insurance policy offers coverage and for a specific period of time. Unlike options, which last a lifetime as long as premiums are paid, term life coverage will end at the end of a specified period. However, you may have the option to renew the term or convert policy to a permanent option, depending on the company. Unfortunately, since Primerica does not offer those types of life insurance, you would not be able to convert your policy with them. Primerica offers policies with terms up to 35 years. Primerica life insurance also offers an extensive range of riders for further customization. After settling on , the policies offer guaranteed rates throughout the life of the policy. Customers also have guaranteed . You initially have to meet underwriting guidelines, but once you have a policy, you have the ability to renew the term up to age 95, although the new rate will depend on your new age. This is not the same as , but it does allow you to continue your policy for a length of time. Furthermore, is required. Primerica life services
In addition to term life insurance, Primerica offers a few other financial services. The company's Financial Needs Analysis can help you understand your entire financial situation and could help you create a financial roadmap that works for you. Primerica also offers investment solutions, tools to help you pay down your debt and a pre-paid legal protection program through LegalShield, in addition to identity theft monitoring and restoration services.Based on our assessment, USAA could be an excellent choice for auto insurance coverage, assuming you meet the eligibility requirements due to its low premiums and high customer satisfaction. The company also has unique military-focused discounts and perks that could be appealing to those seeking coverage. Other Primerica perks worth considering
Primerica also offers the following types of insurance coverage: Auto (through Answer Financial Inc.) Home (through Answer Financial Inc.) Answer Financial Inc. in turn uses licensed affiliated companies to underwrite its products. Primerica life insurance customer and claims satisfaction
Primerica life insurance sees mixed ratings in terms of customer satisfaction and complaints. The reports a customer satisfaction score for Primerica of 747 out of 1,000 points. This is well below the industry average of 776 and ranks near the bottom among numerous life insurance carriers. However, for individual life insurance, Primerica earns with the National Association of Insurance Commissioners (NAIC). The national baseline is 1.0, which means a score of .55 places the number of complaints well below industry standard. Primerica also receives a high rating through AM Best, which measures the historical financial strength of an insurance carrier and its ability to payout claims. Primerica earns financial strength, which is one of the highest possible ratings. Primerica corporate sustainability
Primerica publishes an annual showcasing how it has performed across several categories in the past year. The 2021 report includes breakdowns of the company's social, environmental and governance initiatives. The company puts a special focus on helping middle-class consumers create financial plans and understand their money needs. Primerica has its own financial literacy publication called How Money Works to help its customers gain more confidence with their finances. In terms of social initiatives, Primerica requires Diversity, Equity and Inclusion (DEI) training for all its employees. Additionally, the company is working with a third party to expand its research into gender and ethnicity pay gaps. Finally, when it comes to environmental programs, Primerica has started recycling initiatives, energy-use programs and alternative transportation offerings to its employees. Not sure if Primerica is right for you Consider these alternatives
Finding the for your needs can involve researching and and products. If you're not convinced that Primerica is the right choice, here are some alternatives: : In addition to winning a Bankrate Award for best term life insurance, State Farm also offers joint universal life coverage, which might be a good option for a . : If you are looking for a permanent policy rather than a term policy, Prudential could be a good option. The company offers an impressive array of riders to help you customize your coverage to your needs. : If you like that Primerica offers other financial products in addition to life insurance, Mutual of Omaha could be a good alternative. The company offers annuities and investments, several life insurance products, a number of health insurance products and financial planning services. On This Page
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