What Does Dave Ramsey Say About Primerica

Whether you’ve followed Dave Ramsey for a day or a decade, you know he hates cash value life insurance and never recommends it. Dave will always tell you to get term life insurance over everything else out there on the life insurance market!

But even when you’re shopping for the right kind of life insurance, there are still some things you should make sure you don’t do. Here are the top five mistakes people make when buying term life insurance:

We do not endorse Primerica, their cost of insurance is HIGH. All in a days work!

What is Primerica?

Primerica was founded in 1977 to serve middle-class families by helping them plan and prepare for their financial future.

They are the second-largest term life insurance carrier, having insured over 5.5 million people.

They have achieved such high numbers because of their people-first approach when it comes to selling insurance.

So, does Primerica Life Insurance payout?

Yes, their website even notes that they pay 94% of their claims within just two weeks.

Plus, Primerica Life has an A+ rating from AM Best, which assesses an insurance company’s claims-paying ability and creditworthiness or how likely the company will default on its obligations.

Letter ratings are assigned from AM Best insurance ratings that range from A++ as the best and D as the worst.

Many Primerica’s sales agents are likely your friends, family, and neighbors using a multi-level marketing tactic.

The Primerica MLM approach helps them sell more as people typically tend to feel more comfortable buying from someone they know.

Not only do Primerica agents sell life insurance, but they also offer other debt and investment solutions as well.

This strategy goes along with their “Buy Term and Invest the Difference” approach to financial planning.

The concept is that you should only buy term insurance instead of whole life and invest the cost savings into either mutual funds or stocks.

This popular approach is often promoted by radio personalities like Suz Orman and Dave Ramsey.

So, does Dave Ramsey recommend Primerica?

“No, he does not endorse Primerica per his Twitter account. He states that the cost of their insurance is HIGH.”

Many veteran Primerica agents have secured their securities licenses and also want to help families with more than just life insurance.

These agents will help you with a complete investment portfolio such as mutual funds, annuities, managed investments, and business retirement plans.

  • Homeowners insurance
  • Long-term care insurance
  • Mutual funds
  • Retirement plans
  • What Does Dave Ramsey Think About Multi Level Marketing?

    Dave Ramsey actually provides some information about MLM companies. In general, he provides pros and cons about MLM companies. He mentions on Youtube (2:15) how MLM companies have high turnover and how the ones who make it are recruiting, hiring, and training new people.

    Here are Dave Ramsey’s pros and cons to MLM companies:

    Mistake # Forgetting to Review Your Life Insurance Policy

    Tip: It’s always a smart idea to review your term life insurance policy to make sure you have exactly what you need for your current situation. Your coverage might have been fine 10 years ago, but that doesn’t mean it works for you now. (And the same goes for the rest of your insurance coverage.)

    Make sure you have enough term life insurance to take care of your changing needs. Maybe you had a child, bought a new home, got a raise at work, quit smoking, or had some other health improvements. Chances are almost anyone could say yes to at least one of those within the past year. These life-changing events can either help you save money or require additional coverage. And you don’t want to miss the chance to take care of either one.


    Can Primerica be trusted?

    Does Dave Ramsey Recommend Primerica? In short, Dave Ramsey does not endorse Primerica per his Twitter account. He states that the cost of their insurance is HIGH.

    What are the cons of Primerica?

    Yes, Primerica is a trustworthy company. The Company has been in business for over 40 years and pays over a billion dollars in life insurance benefits to clients’ families each year. Primerica was the #2 issuer of term life insurance coverage in North America in 2020ii,iv through its insurance company subsidiaries.

    Related Posts