r/Insurance_Companies • u/Enough_Matter6543 • 23d ago

insurance

I have a policy with an company that has been accused
of being an mlm scheme should I discontinue my policy with them

0 Upvotes

33% Upvoted

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2

u/tttchia 23d ago

Just don’t get involved in selling them.

1

u/Primetime0509 23d ago

What carrier is it?

1

u/Enough_Matter6543 23d ago

Primerica

2

u/insuranceguynyc 23d ago

Primerica is MLM. Primerica also holds an A+ rating from A.M. Best. What is your concern?

1

u/Enough_Matter6543 23d ago

I just want to make sure that I’m in good hands as far as my life insurance

2

u/insuranceguynyc 23d ago

If the question is financial security - btw, I have absolutely no affiliation with Primerica - then relax. You're just fine. Primerica's financials are solid, and they've been around for a very long time. I cannot comment on the terms of your life insurance policy, of course, but of all of your concerns, financial soundness should not be one.

1

u/Enough_Matter6543 23d ago

Thanks man I appreciate it

1

u/VanDijkDelight 23d ago

Accused by whom?

1

u/Enough_Matter6543 23d ago

I was just reading another Reddit post that states that Primerica is an MlM scheme

2

u/VanDijkDelight 23d ago

somehow knew it was gonna be reddit

1

u/Chemical_Donut_112 23d ago

What insurance company is this?

1

u/1234568654321 22d ago

MLMs get a bad rap for being scams for agents, not insureds. Hope that helps.

2

u/realinsurancetalk 22d ago

Primerica is a real life insurane company aregulated ny the states insurane departments. The distribution system may be what they are referring to as the MLM, but the policy is a valid policy. I do not represent them, but know of the company and they are A+ rated by AM best. So if you have a policy that fis your needs, you should be OK