Primerica Life Insurance FAQsⁱ

Q: What kind of life insurance does Primerica offer?

Since 1977, Primerica has offered term life insurance, giving families the coverage they need at a price they can afford. Primerica believes that inexpensive term insurance is the best option for most families. A common misconception about life insurance is that it is a permanent need for each family. Many financial experts see it as a way to simply “buy time” until you accumulate savings, not as a permanent part of your financial program.

Q: Is Primerica Life a Good Insurance Company?

Yes. Primerica Life Insurance Company has been rated “Superior” by AM Best with an A+ rating. There is no higher rating in the insurance industry. Through its insurance company subsidiaries, Primerica was the #2 issuer of term life insurance coverage in North America in 2020 . Every year, Primerica pays out over a billion dollars in life insurance benefits to clients’ families.

Q: Does Primerica pay out death benefits?

Yes. Primerica paid $1.7 billion in life insurance benefits to clients’ families in 2020. The Company pays an average of around $4 million in insurance benefits to families every day, with over 90% of claims being paid within 14 days.

What kind of life insurance does Primerica offer?

Since 1977, Primerica's life insurance company subsidiaries have offered term life insuranceⁱⁱ, giving families the coverage they need at a price they can afford. A common misconception about life insurance is that it is a permanent need for each family. Many financial experts see it as a way to simply "buy time" until you accumulate savings, not as a permanent part of your financial program. Primerica believes that affordable term life insurance is the best option for most families.

Is Primerica Term Life Insurance Worth It?

Yes. A survey conducted by Investor's Business Daily recognized Primerica's U.S. term life insurance business as the #1 Most Trusted Life Insurance Company in 2022ⁱⁱⁱ. Forbes also recognized Primerica as one of America's Best Insurance Companies in 2022^iv.

Primerica’s life insurance company subsidiaries have been rated "Superior" by AM Best with an A+ rating^v, one of the highest possible ratings. Through its insurance company subsidiaries, Primerica was the #2 issuer of term life insurance coverage in the United States and Canada in 2024^vi. In 2024, Primerica's life insurance companies collectively paid out approximately $1.8 billion dollars in life insurance benefits to clients' families^vii.

Does Primerica pay out death benefits?

Yes. Primerica, through its life insurance company subsidiaries, paid approximately $1.8 billion in life insurance benefits to clients' families in 2024^vii. In the same year, Primerica's life insurance companies paid an average of around $5 million in insurance benefits to families every day, with 92% of claims being paid within 14 days^vii.

How do I cancel Primerica Life Insurance?

To cancel your Primerica Life Insurance policy, please call Client Services directly at 1(800) 257-4725, and they can assist you.

ⁱDisclosures:

ⁱⁱTerm Life Insurance:

Life-licensed Primerica representatives are agents of certain affiliated Primerica Companies. In New York, term life insurance products are underwritten by National Benefit Life Insurance Company, Home Office: Long Island City, New York. In the United States (except in New York), term life insurance products are underwritten by Primerica Life Insurance Company, Executive Offices: Duluth, Georgia.
In Canada: Term life insurance products and Common Sense Funds segregated fund products are underwritten by Primerica Life Insurance Company of Canada, Head Office: Mississauga, Ontario. Not all products are available in all states or provinces. Securities offered by PFS Investments Inc., 1 Primerica Parkway, Duluth, GA 30099-0001; 770-381-1000, in the U.S., and PFSL Investments Canada Ltd., Mutual Fund Dealer, 6985 Financial Drive, Suite 400, Mississauga, ON, L5N 0G3, 905-812-2900 in Canada.
Primerica PrecisionTerm term life insurance policy form ICC21PA0 or PLF22PA0 in all U.S. jurisdictions, excluding New York state. In Canada, Primerica PrecisionTerm life insurance is policy form ZLF22PA0G. Primerica PowerTerm term life insurance policy form ICC21QA0 or PLF22QA0 in all U.S. jurisdictions, excluding New York state. In Canada, Primerica PrecisionTerm life insurance is policy form ZLF22QA0G.
TermNow term life insurance policy form NBF17DA1 and CustomAdvantage term life insurance policy form NBF17CA1 in New York state.
Not all products available in New York.

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ⁱⁱⁱInvestor's Business Daily #1 Most Trusted Life Insurance Company:

Survey results are presented solely with respect to Primerica's US term life insurance business. Term life insurance underwritten by National Benefit Life Insurance Company, Home Office: Long Island City, NY in New York State; Primerica Life Insurance Company, Executive Offices: Duluth, GA in all other U.S. jurisdictions; and Primerica Life Insurance Company of Canada (Head Office: 6985 Financial Drive, Suite 400, Mississauga, ON, L5N 0G3, Phone: 905-812-2900) in Canada.

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^ivForbes 2022 America's Best Insurance Companies:

Recognition presented by Forbes and Statista. Insurance companies were identified through an independent survey of more than 16,000 U.S. consumers with at least one insurance policy. The survey considered customers' overall recommendations, their general satisfaction and ratings in five specific areas. In the U.S., term life insurance is underwritten by Primerica Life Insurance Company. Executive Offices Duluth, GA except New York, and National Benefit Life Insurance Company, Home Office: Long Island City, NY in New York State.

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^vAM Best Ratings

The following companies have been rated A+ (Superior) by AM Best: Primerica Life Insurance Company, Primerica Life Insurance Company of Canada, and National Benefit Life Insurance Company. For the latest Best's Credit Rating, access www.ambest.com. AM Best ratings range in order from the highest ratings as follows: A++, A+, A, A-, B++, B+, B, B-, C++, C+, C, C-, D, E, F.

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^vi#2 Issuer of Term Life Insurance Coverage in North America:

Combined total of Primerica Life Insurance Company, National Benefit Life Insurance Company and Primerica Life Insurance Company of Canada based on 2024 U.S. and Canadian face amount sales (2024 exchange rate: C$/U.S.$: 0.729927). Sources: SNL Financial and OFSLI Data.

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^viiFinancial Information:

Financial numbers reflected throughout this page are the combined totals or daily average, as indicated above, as of, or for the year ended, December 31, 2024, for the following affiliated companies: Life Insurance: National Benefit Life Insurance Company (Home Office: Long Island City, NY) in New York; Primerica Life Insurance Company (Executive Offices: Duluth, GA) in all other U.S. jurisdictions; Primerica Life Insurance Company of Canada (Head Office: Mississauga, ON) in Canada. Investments: In the United States, securities are offered by PFS Investments Inc. (PFSI), 1 Primerica Parkway, Duluth, Georgia 30099-0001; In Canada, mutual funds are offered by PFSL Investments Canada Ltd., mutual fund dealer, and segregated funds are offered by Primerica Life Insurance Company of Canada, Head Office: Mississauga, ON. Each company is responsible for its own financial obligations

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For more information, please visit https://www.primerica.com/public/primerica_disclosures.html.

Primerica Life Insurance FAQsi

What kind of life insurance does Primerica offer?

Is Primerica Term Life Insurance Worth It?

Does Primerica pay out death benefits?

How do I cancel Primerica Life Insurance?

Primerica Life Insurance FAQsⁱ