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Carol Said:

What are some additional ways to make money with Primerica?

We Answered:

Some other products you can earn income are:

1) Prepaid Legal. Depending on your level and what state you live in, you can earn $40 (REP) to $100 (RVP)

2) Auto Insurance. (license maybe required in your state). Payout; $50 to $85 per completed app (depends on your level).
3) Homeowner Insurance (license maybe required in your state). Payout $25 to $42.50 per completed app (depends on your level).

4) DebtWatchers. (get certified by visiting Primerica Online). Payout: $50 per enrollment.

5) SMART loan (mortgage license with federal and state is required). Payout depends on size of the loan.

I heard more products will be offered such as home loan and various debt elimination loans. If you recruit someone and get them licensed, you have the potential to earn overrides as well.

How I built my market was starting with people I know. If you joined Primerica, you should of put together a list of people of everyone you can think of. Your upline should be able to help you jog your memory. From this list, you want to pick the top 25 people you have a warm relationship with (such as friends, relatives, co-workers, etc.) From this top 25 list, you want to setup appointment with people in the 4 to 5 point market. What is the 5 point market? People who are married, have kids, currently employed, ages 25 to 55, and own a home. With people in the 0 to 3 point market, you want to invite them to the company overview.

From every appointment you go on, you want to get referrals. Referrals is what keep your business moving. Hoepfully your uplines can train you on how to get referrals. If not, there's plenty of materials out there on how to learn and master on getting referrals. My RVP uses Bob Safford's 3rd party referral system and so do I. Bob Safford is one of the oldest Primerica rep who been with the company since the early 1980s.

Anyway, I built my market over time. I joined the company in 2004 and only earn about $1000 in my entire first 12 months. It took me awhile to get my license and I wasn't actively engaged in the business. The first appointment was with my parents and it went extremely well. I replace their current life insurance and gave them more coverage for less money. The financial needs analysis shows them how to pay off all their debts in the most fastest and efficient way. I help them start a retirement fund by opening a Roth IRA. As you can see, I fulfill a financial need for them. If I didn't join Primerica, nobody will help my parents out. Nobody will be helping me start a retirement plan as well. Majority of middle income families are being ignored. Many families are struggling with debt, do not have enough coverage on their life insurance, and don't have a proper retirement plan. With millions of people currently out of work, I'm pretty sure the debt problems is getting even more worse.

Anyway, since my parents saw what I was able to do for them, they refer some people to me. Then these people refer some other people to me and it never stop. If you are able to add value to your clients, they will refer people to you if you ask for it. Some of my clients became my recruits.