Primerica Life Insurance Review 2023/2024 Update

Primerica Life Insurance is currently available in all 50 states and Washinton, D.C. in the United States. The company specializes in term life insurance and other financial products that are sold through its full- and part-time representatives.

There’s a limited choice of life insurance options and rates are evenly high. In a nutshell, life insurance buyers are better off operating with an independent insurance agent who can provide quotes from multiple life insurance companies.

Primerica Life Insurance also offers no-exam life insurance options, with a term length of up to 35 years. However, they have high rates, and no permanent life insurance options like whole life insurance, no online quotes & information on its official platform.

At this people, wonder if Primerica is an MLM company, instead of a life insurance company. Meanwhile, let’s find out more from the following section.

Is Primerica an MLM Company?

According to our research on Primerica, it says it’s not a multi-level marketing company, however, its compensation structure for representatives has features that are similar to an MLM.

Its agent can make commissions depending not only on their own sales but also on the sakes of those they recruit under them.

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Primerica’s agent material enhances the idea that agents could have other full-time jobs as well as sell Primerica products for extra part-time income.

To suggest, life insurance buyers are better off working with a full-time life insurance agent who is familiar with a range of products and companies. See the type of life insurance policies Primerica offers in the following section of the article.

Types of Primerica Life Insurance Policies

Primerica has only one type of life insurance policy, which they practice and operate on, and this is the Primerica term life insurance. The company targets middle-class families and ventures into offering term life insurance.

This policy offers a level premium for a given period. The company’s term length choices are 10,15, 20, 25, 30, and 35 years, but buyers at older ages won’t qualify for the longest periods.

Once the level term period ends, you can keep up to renew a Primerica life insurance policy until you’re 35 years old. Meanwhile, rates will increase at each renewal, according to age differences.

Here, Primerica sells about two types of term life insurance:

  • Custom Advantage term life insurance requires a life insurance medical exam. The minimum coverage amount is $150,000.
  • TermNow policies do not require a medical exam and can be issued quickly. Coverage is available up to $300,000. Because TermNow is a no-exam life insurance policy, expect rates to be higher than a Custom Advantage policy.
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TermNow Custom Advantage
Death benefit Up to $300,000 Minimum of $150,000
Term options 10, 15, 20, 25, 30 and 35 years 10, 15, 20, 25, 30 and 35 years
Medical exam required No Yes
Available for applicants Age 18 to 70 Age 18 to 70


The company doesn’t offer permanent policies, which include whole life insurance or universal life insurance. If you show interest in life insurance policies like these, you will have to operate with a different company.

Primerica’s term life insurance policy does not have a term life conversion feature, because it doesn’t offer permanent life insurance options. This option allows a policyholder to convert a term life to a permanent life insurance policy.

Primerica’s Life Insurance Riders

As always said, a life insurance rider is an additional benefit that you can add to your policy. Here, riders allow you to customize a policy with extra coverage or features. See the riders Primeria offers:

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To get life insurance policies from Primerica, you can contact one of the company’s representatives. Term life insurance quotes are currently not available online at the company’s website.

Here, how do you file a claim with Primerica? To file a claim, you can call the line (888) 893-9858. A claim representative will assist you with the documentation you need to mail the company with your claim form.

Also, you can email the company’s customer support at The customer service number is (800) 257-4725. The company’s headquarters is located in Duluth, Georgia, with an asset of over $14.6 billion.

For further updates on life insurance reviews and updates, see our official page. And don’t forget to share or leave a comment in the comment section below.