I purchased a 20 Year Term Life insurance policy and was rated because of my height and weight. I expected that. When looking at the schedule of premiums (that start increasing in 20 years), I added them up; For a $250,000 term policy, the total amount of scheduled premiums I would pay by age 95 totaled up to $1.2 million. That money would better be spent on investing in a 401k and an individual IRA. Think about it: Would you buy a $250,000 home for $1.2 million? Their own materials state they replace approximately 24% of all insurance policies. Why replace your existing insurance? Primerica should be ENHANCING your insurance needs with their products, not REPLACING it.
Lucky, I'm within the 20 day "Free Look" period, so I sent it back for cancellation and will get my initial premium back.
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