Primerica Questions and Answers:
I had looked at Prime America before Market America and also have a
friend
> > that is still in it. I put together some questions that might help
> > when
> you
> > talk to anyone that is in it.
> > Also when you get the status of being a RVP, one of the requirements
> > is
> that
> > you need to open up an office up so that is also a disadvantage.
> > Questions to ask a Prime America Representative:
> > How far in depth can you be paid for commissions? (Only 6 levels
> > deep)
> > Do you have breakaways? Yes Do you loose volume? Yes, it in a
> > month to month contest
> > Is each person paid the same amount for the same sale? No, payment
> > is
> based
> > upon your contract level. Therefore, this is multi-level marketing
> > Does your accumulate for 365 days? No, If not what happens to it?
> Paid
> > on volume as it is created, can have charge backs
> > Do you paid commission on business generated from the people above you?
> No,
> > you just get a pat on the back if you helped your RVP (Regional Vice
> > President) or oanyone else complete the sale. If the sales agent
> > wants
to
> > split the sale they can.
> > What happens if I get a highter commission leel than my sponsor? I
> > don't
> get
> > commissions from their sales. Do i get paid on my sponsor's volume?
No
> > How much does a securities license cost? Depending on the state, it
> > can
> be
> > anywhere from $250 to $600 they also have to get a license to sell
> > Insurance and this depends on each state here in Colorado the test
> > was
> $150
> > and license was $56
> > What kind of residual income could I have? No residual in life
insurance
> > unless an RVP. Residuals are in securities 12-bl fees, 1/4 of 1%.
> > So
far
> > assests under management of $30,000,000 (which takes quite a while
> > to
> build
> > up) the commission is around $75,000 a year
> > Can I pass my business down to my children? Not unless you are an
> > RVP
and
> > the reuqirements are that you have to have five consecutive years
earning
> at
> > least $1.00 more than the previous year.
> > What happens if a client gets laid off and cancels their insurance
> > after only about 4-5 months? Commission paid is chrged back to the agent.
> > Do I still get to keep all the commission? No, charged back.
> > Are the trainings the same from office to office? No Is there
> standardized
> > training? No
> > Does a title (RVP, SVP, etc.) mean they are making a certain dollar
amount
> > per month or year? No it only means they have recruited a certain
number
> of
> > people, front line, and have created cedrtain volumes of insurance
> > sales
> in
> > consecutive months?
> > Terminology:
> > TITLE
> > NAME
> > RECRUITIED FRONT LINE
> > CONTRACT LEVEL
> > RVP
> > Regional Vice President
> > 15
> > 90% to 100%
> > SVP
> > Senior Vice President
> > 12
> > 85%
> > RM
> > Regional Manager
> > 9
> > 70%
> > RL
> > Regional Leader
> > 6
> > 60%
> > DL
> > District Leader
> > 3
> > 50%
> > SR PFA
> > Representative
> > 0
> > 35%
> > PFA
> > Trainee
> > 0
> > 0%