Comparing rates alone should not be only factor when deciding which company to choose. You should also look at their ratings from AM Best. Primerica has AM Best rating of A+.

What other features are included in the life insurance policy?
Primerica sells one policy per family. Terminal illness benefit are included in all life policies at no additional cost.

What happens at the end of the term for each company? At Primerica, life insurance policies are guaranteed renewable without providing proof of insurability. They are also convertible to another term policy, not a cash value life insurance policy.

As stated in your life policy, in order for you to cancel your life insurance policy, you need to send the request in writing and mail it to:
Primerica Life Insurance Company
3120 Breckinridge Blvd.
Duluth, Georgia 30099-0001

If you have already sent this letter couple months ago, then you should definitely contact customer service.

In regards to life insurance, Primerica believes in selling one life policy for the whole family, not individual policies per person like other companies do. Having one policy means that there is only one policy fee and plus, if you and your spouse has coverage, you may get a rate discount (which is based on total coverage). Its similar to purchasing auto insurance. If you had multiple cars, you would insure all your cars in one policy and you get discounts as well.

The child rider is a feature in which all kids between the age of 15 days to 25 years old are covered. Once all your kids reach the age of 25 years old, you may want to get rid of the child rider, unless you plan to have more kids.

1) Husband, wife, and/or children are covered in one life policy. The child rider covers all children in your family.
2) Term policies are customized to your needs.
3) Banding coverage. This is where rate per thousand is determined by total coverage of the husband and wife (along with other usual factors such as age, height & weight, smoker or non smoker, health conditions). So the higher this banding coverage is, the less it cost per thousand coverage.
4) Terminal illness benefit included free of charge. In case you were diagnose to die within 12 months, you can use 40% of the face amount of the policy (up to a maximum of $250,000) to pay for your expenses.
5) Like all other life policies, waiver of premium is available.
6) Unlike other life policies that converts term into whole life or universal life at the end of the term (or even worse, cancel at the end of the term), Primerica's life policies are convertible into another term policy.
7) Guaranteed renewable term. If you wish to renew your term policy instead of exchanging it or canceling it, you can renew it without any medical checkups. When you renew, the new premiums remain level for another 5 years and continues until age 75. After age 75, premiums goes up every year to age 95
Increase Benefit Rider is available.
9) All Primerica's clients receives a customized, confidential, and complimentary Financial Needs Analysis (whether you buy their life insurance or not).

Primerica's rates has been reduced numerous times over the past 10 years. The last rate reduction happened in 2007, making Primerica's rates for term policies cheaper than Prudential, Metlife, and AIG. So you really have to get the final quotes from all the companies you are trying to get term insurance from. Don't trust the quotes online because they are only preliminary. Your final quote will be different than the quote online (hopefully its lower).

While premiums are a factor in deciding what company to go with, you also have to compare what's the difference between Primerica's term policies and the other companies term policies such as what are your options at the end of the term? What if you become terminally ill? Do they sell life policy per individual or per household?

You also have to compare the financial strengths of these companies. Primerica Life Insurance or National Benefit Life has an AM Best Rating of A+.

I'm thankful to find Primerica and what they are able to do for me and my family. Our life has totally change for the better. I'm almost a few years away from paying my mortgage off, my retirement plan is on track to surpassing my financial independence number, and money is no longer an issue with me. While I still keep track on my spending, a little extra money to spend does help improve my quality of life.

I don't know if Primerica is for you or not for you. But if you take a look at what they are able to do for you, you would have nothing but good things to say about the company. I guarantee that if you were to speak to every 6 million+ clients in Primerica, you will hear lots of good things.

I own Primerica's life insurance 20 year term for 7 years now. I have $250k coverage with annual premium of $355 bought at age 40. Before that, I had a universal life policy of $100k coverage and annual premium of $1235 at age 30.

Expensive? You have to decide whether it is or not.