Primerica Life Insurance Company, Tennessee: Outline, Contacts, Finances, Services, Coverage, Claims, Company Culture & Customer Reviews

Your Trusted Path to Financial Security: Primerica Life Insurance Company.

An image illustration of Primerica Life Insurance Company
Primerica Life Insurance Company: A Trusted Shield for Your Family’s Financial Future.

If you seek a dependable and budget-friendly life insurance provider in Tennessee, you’ve likely encountered Primerica Life Insurance Company.

Primerica stands as one of the most substantial and trusted life insurance companies in the United States, serving middle-income families since 1977.

In this blog, we’ll assess Primerica Life Insurance Company Tennessee and furnish you with vital insights into their offerings, services, and customer feedback.

Company Overview

History and Founding Year:

Primerica Life Insurance Company operates under Primerica, Inc., a key financial services provider for middle-income households in North America.

Founded in 1977 by Arthur L. Williams Jr., Primerica aimed to empower families towards financial independence through term life insurance and investment products.

Presently, Primerica boasts a network of over 130,000 representatives catering to more than 5 million clients across the U.S., Canada, and Puerto Rico.

CEO and Leadership Team:

Glenn J. Williams, who has been with the company since 1981, serves as the CEO and President.

He oversees a team of senior executives responsible for company operations, strategy, and growth.

Market Share and Company Size:

Primerica boasts a market capitalization exceeding $6 billion and annual revenues surpassing $2 billion.

The company holds a place among the Fortune 1000 companies and the Forbes Global 2000 companies.

Primerica Life Insurance Company Tennessee functions as one of the regional branches of Primerica Life Insurance Company, headquartered in Duluth, Georgia.

This branch serves clients in Tennessee and neighboring states and boasts impressive financial strength with an A+ rating from A.M. Best, an A+ rating from Standard & Poor’s, and an A1 rating from Moody’s.

Additionally, the Better Business Bureau has accredited them with an A+ rating.

Company Contacts

For your convenience, here are some essential details about Primerica Life Insurance Company Tennessee:

Phone Number (615) 333-6800
Address 5217 Linbar Dr Ste 309 Nashville, TN 37211
Customer Service Contact (800) 257-4725
Policy Details Primerica offers term life insurance, renewable up to age 95, convertible to permanent insurance, and typically does not require a medical exam for most policies. Coverage amounts range from $50,000 to $5 million.
Email Address customerservice@primerica.com
Fax Number (770) 381-1000
Operating Hours Monday to Friday, 8:00 a.m. to 5:00 p.m. Central Time

Services and Products

Primerica Life Insurance Company Tennessee primarily focuses on term life insurance, which provides a death benefit for a specified duration, usually between 10 and 35 years.

This coverage is designed to safeguard your family’s financial well-being in case of your untimely passing.

Term life insurance is generally more cost-effective than permanent life insurance, which offers lifelong coverage.

In addition to term life insurance, Primerica Life Insurance Company Tennessee collaborates with affiliates and partners to extend the following financial products and services:

  1. Investments and Securities: Primerica Financial Services, LLC (PFS) facilitates mutual funds, managed investments, annuities, and business retirement plans through providers like Legg Mason, Invesco, Franklin Templeton, American Funds, and MetLife.
  2. Auto and Home Insurance Referrals: Primerica Secure offers referrals to auto and home insurance providers such as Progressive, Travelers, Safeco, Liberty Mutual, and The Hartford.
  3. International Coverage: Primerica Life Insurance Company of Canada extends term life insurance and investment products to clients in Canada.
  4. Temporary or Short-Term Policies: Primerica Express provides term life insurance policies for up to six months without requiring a medical exam or underwriting.

Financial Details

The cost of premiums for Primerica Life Insurance Company Tennessee hinges on various factors, including your age, gender, health status, smoking habits, coverage amount, and policy term.

You can obtain a complimentary quote by visiting their website or reaching out to a local representative.

Additionally, their online calculator helps estimate the life insurance amount you need, taking into account your income, expenses, debts, and assets.

Primerica Life Insurance Company Tennessee furnishes multiple payment options for your convenience.

You can pay premiums monthly, quarterly, semiannually, or annually through check, money order, credit card, debit card, or electronic funds transfer (EFT).

They also offer an automatic payment plan to ensure you don’t miss any payments.

To assist you in saving on premiums, Primerica Life Insurance Company Tennessee presents various discounts and promotional offers, including:

Primerica Life Insurance Company Tennessee maintains a high claim payout ratio, which signifies that most of the premiums collected are disbursed as benefits to policyholders.

In 2020, the company paid out over $1.5 billion in death claims to more than 44,000 families.

Furthermore, they exhibit robust financial strength and stability, ensuring they possess adequate assets and reserves to meet their obligations to clients.

Coverage Specifics

Primerica Life Insurance Company Tennessee outlines policy exclusions, the situations or events not covered by your policy.

These exclusions comprise:

  1. Suicide within the first two years of the policy.
  2. Fraud, misrepresentation, or concealment of material facts.
  3. War, military service, or terrorism.

Coverage limits include:

  1. Minimum coverage amount: $50,000.
  2. Maximum coverage amount: $5 million.
  3. Maximum issue age: 70.
  4. Maximum renewal age: 95.

Additionally, Primerica Life Insurance Company Tennessee offers add-ons or riders, which are optional features that can be added to your policy for an extra cost.

These include:

  1. Accidental Death Benefit Rider: Provides an additional payout if the insured dies due to an accident.
  2. Disability Waiver of Premium Rider: Waives premium payments if you become totally disabled for at least six months.
  3. Children’s Term Rider: Extends term life insurance coverage to your children until they turn 25 or get married.
  4. Terminal Illness Benefit Rider: Allows access to up to 70% of your death benefit if diagnosed with a terminal illness with a life expectancy of less than 12 months.

Claims Procedure

Primerica Life Insurance Company Tennessee’s claim process involves several steps:

  1. Notify Primerica of the insured’s death by calling their customer service number or contacting a local representative.
  2. Complete and submit the necessary claim forms and documents, including the death certificate, policy contract, and beneficiary identification.
  3. Await Primerica’s review and approval of your claim, which can be tracked online or by contacting customer service.
  4. Receive the benefit payment through check or direct deposit, choosing from various settlement options such as lump sum, annuity, or interest income.

The required documents for claims include:

  1. Death certificate: Official certification of the insured’s date, time, place, and cause of death.
  2. Policy contract: The legal agreement outlining the policy’s terms and conditions.
  3. Beneficiary identification: Proof of identity and relationship of the individual or entity entitled to receive policy benefits.

Legal and Compliance

Primerica Life Insurance Company Tennessee adheres to the laws and regulations of Tennessee and federal laws and regulations pertaining to life insurance companies.

The company is dedicated to complying with all applicable legal and compliance requirements, conducting its business with integrity and professionalism.

Primerica maintains a privacy policy that details how it collects, uses, shares, and safeguards your personal information during the policy application and purchase process.

The privacy policy also explains how you can access, update, delete your personal information, and opt out of specific marketing communications from Primerica and its affiliates, with the full policy available on their website.

Primerica also provides terms and conditions governing your utilization of their website, products, and services.

These terms and conditions delineate your rights and responsibilities as a Primerica user or customer, as well as Primerica’s responsibilities as a service provider.

The terms and conditions include important information concerning your policy contract, such as the cancellation policy, renewal process, grace period, and dispute resolution process, accessible on their website.

Renewals and Cancellations

Primerica Life Insurance Company Tennessee offers term life insurance policies renewable up to age 95.

You can continue renewing your policy at the end of each term period by paying the required premiums, albeit with increases reflecting your age and prevailing rates.

Additionally, you may have the option to convert your term policy to a permanent policy, subject to certain conditions and limitations.

To cancel your Primerica life insurance policy, you should reach out to the company directly.

You can do this by calling their customer service line or submitting a written request through their website.

It’s essential to review your policy contract before cancellation, as it may entail associated fees or penalties.

Furthermore, consider the potential impact on your financial plan, and consult with a financial advisor if necessary.

Primerica Life Insurance Company Tennessee allows a grace period of 31 days for premium payments after the first.

This means that if you miss a payment due date, you have a 31-day window to make up for it without losing your coverage or benefits.

However, failing to pay within the grace period will result in policy lapse and termination.

Depending on certain conditions, you may have the option to reinstate your policy within a specific timeframe, subject to paying all past due premiums plus interest and providing evidence of insurability.

Company Culture

The Company is part of an extensive organization marked by a robust company culture founded on its mission, vision, and values.

Primerica’s mission centers on assisting families in achieving financial independence by delivering affordable term life insurance and investment products.

Their vision aspires to become the premier financial services company in North America for middle-income families.

The company’s values encompass integrity, service, opportunity, innovation, leadership, and teamwork.

Primerica fosters a culture rooted in empowerment, recognition, diversity, and community across its employees and representatives.

The organization encourages its workforce to pursue personal and professional goals, celebrate achievements, embrace and respect differences, and contribute to various charitable initiatives within their communities.

Customer Feedback & Reviews

Primerica Life Insurance Company Tennessee is committed to offering exceptional customer experiences.

Below are customer reviews and ratings from various sources:

  • “I’ve been a Primerica client for over a decade, and I’m highly content with their services.

They’ve consistently been there for me when I needed them, helping me reduce premiums and invest for my future.

They’ve been immensely supportive of my career as a representative.

I’d wholeheartedly recommend Primerica to anyone in search of a dependable and trustworthy life insurance provider.” – John from Nashville (5 out of 5 stars).

FAQs

Here are some common questions about Primerica Life Insurance Company Tennessee:

  1. How can I contact Primerica Life Insurance Company Tennessee?

You can reach Primerica Life Insurance Company Tennessee through multiple channels:

  • Phone: (615) 333-6800
  • Email: customerservice@primerica.com
  • Mail: 5217 Linbar Dr Ste 309 Nashville, TN 37211
  • Online: Visit their website.

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