Purchase Primerica Term Life Insurance and Invest the Difference Established in 1977, Primerica's (also known as Prime America Insurance) basic objective was to transform the life insurance industry. The company originated the philosophy of "buy the term and invest the difference". In 2010 it traded on New York Stock exchange and became a newly independent company. The primary goal of the company is to change the financial services landscape for Main street North America. The company encourages people to purchase term life insurance at affordable prices which provides sufficient protection at a price they can afford. It serves the company the best possible way, making appropriate adjustments according to the needs of the customer. There are many benefits to choosing this path for investing your money. The majority of the companies want to sell whole life or permanent life insurance, just because it fetches hefty commissions for them, plus the insured person is bonded for life. He or she has to pay coverage as long as they live. Insurance agents will push you to purchase this type of plan for the same reason. Invest the Difference Term life insurance provides coverage for a specified period of time. Purchase this plan only for the time period whilst you have financial obligations. By the time you pay off your debts, your children start earning and you accumulate enough savings, thus you probably don't need insurance. A term plan will pay out in case you die prematurely. By investing the difference in other options, you get higher interest rates. Your money grows faster than it would if it is put in insurance. Moreover, you can take out money as and when you need it. In most cases insurance companies will encourage you from surrendering your policy, in case you need cash. Instead they will suggest you to take loan against your policy. This may look good in the beginning but give it a thought for a minute. The company is providing you a loan on the money you have invested. And above all, they will charge interest for taking that loan. You are basically asked to take a loan on your own money, and you will also pay for it. Clear Cut Objectives Prime America insurance have a clear cut objective. This company only sells term plans, as they know that whole plans are not good in most circumstances. They think as a purchaser and then design their products. They help you in finding good investment options, where you can get better interest than the one provided by whole life plans. By purchasing a Primerica term life insurance plan and investing the difference, you are making more out of your money. Your money grows exponentially this way. You also have coverage, which takes care of any unexpected occurrences. You are not purchasing insurance to serve the company; you are purchasing insurance to serve your family. The irony of purchasing insurance is that the insured person never gets to enjoy their money. The insurance money is enjoyed by their beneficiaries after they die. By purchasing term life and investing the difference, you can at least enjoy the money earned through investments. You can realize this money when you are already alive, you don't have to die to get it. Think about where your investments are best placed. In a life insurance policy or elsewhere. Primerica's term life insurance plans give you the option to do just that. These and many other attractive term life products are available from beyondquotes.com and other reputable insurance providers.
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