I bought a term life insurance policy from an Agent in their Groton, Connecticut office. I just recently had my Primerica policy reviewed by another insurance agent, and what I found out was disheartening.
Primerica told me that term insurance was better then whole life. Basically my term insurance is good for a TERM of 30 years. If I don't die within that 30 years then all that money I put into it is wasted, And I will no longer have life insurance. Whole life insurance is guaranteed money WHEN you die, NOT IF YOU DIE.
I also found out that my premiums would dramatically increase once I have had my policy for 10 years. I pay $52.00 a month right now for my premium.in 10 years my premium will go up to 250.00 a month. If I still had this term policy when I was 74, I would be paying $4,000 a month for my premium. Not to mention they lied about the coverage we were suppose to be getting.
My husband took out $300,000.00 for himself, $140,000.00 for myself, and $10,000 on each of my 3 children. The way Primerca wrote the policy is a $10,000.00 term life insurance policy with 5 riders on it.
This company professes to be Christian, but I myself am one, and I don't recognize any Christian traits from this company! You might want to start with some GOOD OLE FASHION HONESTY!
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