Primerica Life Insurance License

Primerica is well known for their focus on term life insurance and is one of the largest financial services companies in North America. Obtaining a Life Insurance license through Primerica can be a great way to obtain and explore a variety of opportunities for your career.

Primerica Life Insurance License

What’s a great way to start selling insurance? Well, there’s a bunch and Primerica Life Insurance is a great way to get introduced to the insurance industry!

But Is It Worth It?

In this article, we will go over the requirements for obtaining a Primerica Life Insurance license, how to apply for one, how to maintain it, and career opportunities. Let’s get started!

Joining Primerica Life

Primerica is a company that helps people build their own financial services businesses by giving them tools to market and sell their products. Representatives of Primerica are life insurance sales people who help families understand their financial situations and create a plan for a better future.

They can help with things like saving money for emergencies, paying off debts, getting life insurance, and investing in retirement or college.

The cost to become a Primerica representative is relatively low, and it mainly covers the cost of getting a life insurance license. New representatives need to fill out an application and pay a one-time fee, plus a monthly fee to access Primerica’s online support system.

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Is Primerica Life A MLM (Multi-Level Marketing)?

Multi-Level Marketing (MLM) is a business model where individuals earn money not just by selling products, but also by recruiting others to sell the products as well. Some MLMs have been associated with controversies as they can sometimes focus more on recruiting individuals than selling products. Conduct extensive research before joining an MLM to make an informed decision.

Primerica is a company that has been associated with MLM practices. The company has been known to pitch its sales representatives with the promise of earning up to $442 per client and receiving an “override fee” from their team members’ earnings.

It’s been reported that to work with Primerica, representatives must pass a life exam and reach quotas, which require them to bring in a team of three people and generate at least $3,000 worth of clients. Primerica’s highest earners are RVPs, who have teams of 25+ people working for them.

During an orientation meeting, Primerica representatives may request contact information for family and friends to set up a meeting. Some individuals may consider this approach as a red flag. It is vital to conduct thorough research before investing any money in the company or any MLM.

If someone decides to work with Primerica, they may receive a life license after taking the necessary classes and exam but its important to consider long-term goals and whether MLM is the right fit for them. There are also other ways to obtain a life license, such as through a traditional job or a training program.

My Experience With Primerica Life

I have never represented Primerica as a life insurance salesman but have known many who have and this section will go over some things I’ve noticed and some opinions based upon those.

Primerica = Captive

Primerica sales people are “captive” agents. This means that if you sell life insurance through Primerica, you can only sell insurance through their company and no one else. This limits your ability to be competitive in the highly competitive niche of selling life insurance.

Selling Insurance To Friends And Family

Primerica encourages selling to your “warm market”. It is common to have your Primerica boss, or up-line, require you to write down 50-100 people you know. These people can be family, friends, and anything in between. From that, you will be asked to call and solicite these people for life insurance sales.

The problem here is that once these “leads” are worked most sales people have a problem re-filling their funnel to make more sales.

Requirements For Obtaining A Primerica Life Insurance License

Before applying for a Primerica Life Insurance license, it is important to understand the specific requirements that vary from state to state. Each state has their own set of rules and regulations that must be followed in order to obtain a license. Therefore, it is essential to research the requirements of the state in which you plan to sell insurance.

Requirements For Obtaining A Primerica Life Insurance License

The educational requirements for a Primerica Life Insurance license typically include a high school diploma or equivalent. 

Some states may also require post-secondary education or a certain number of college credit hours. In addition, you will need to complete a pre-licensing course that covers the basics of life insurance and the state’s insurance laws.

The examination requirement for a Primerica Life Insurance license will vary by state. Some states require you to pass a state-specific insurance exam, while others may require you to pass an exam provided by Primerica. 

In addition to passing an exam, you will also need to complete a certain amount of training hours, which may be provided by Primerica or an approved third party. It’s also important to note that there may be additional requirements such as a background check, fingerprinting or a certain amount of work experience. 

It’s essential to check with the state’s insurance department to be aware of all the requirements needed to obtain a Primerica Life Insurance license.

Applying For A Primerica Life Insurance License

The application process will vary by state, but generally, it involves submitting a formal application, paying a fee, and providing any required documentation. It’s also important to pay close attention to the application deadline as missing it may result in a delay or rejection.

When applying for a Primerica Life Insurance license, be sure to fill out the application in full and provide all required documentation. This may include proof of education, a background check, and a fingerprint card. 

Once your application is submitted, it will be reviewed by the state’s insurance department. The review process can take anywhere from a few weeks to several months, depending on the state. 

Once your application is approved, you will be issued a license and be able to begin selling Primerica Life Insurance. It’s important to note that the license is not permanent and will expire after a certain period of time. 

It’s essential to keep track of the expiration date and renew your license before it expires. Failure to renew your license on time can result in fines or penalties.

Another important point to note is that, many states require agents to complete continuing education (CE) hours in order to renew their license. 

The number of CE hours required may vary by state and it’s essential to check with your state’s insurance department for the specific requirements.

Maintaining A Primerica Life Insurance License

As an insurance broker, I am responsible for maintaining my certifications and licenses to ensure that I can sell insurance, and the same is true for most insurance agents. This also applies to those who obtain a Primerica Life Insurance License.

Once you have obtained a Primerica Life Insurance license, it’s important to maintain by following the state’s guidelines for continuing education and compliance. 

This will ensure that you can continue to sell Primerica Life Insurance and provide the best possible service to your clients.

One of the key requirements for maintaining a Primerica Life Insurance license is to complete continuing education (CE) hours. 

These hours vary by state, but typically include courses on ethics, insurance laws, and industry updates. It’s essential to keep track of your CE hours and ensure that you have completed the required number before your license expires.

Another important aspect of maintaining a Primerica Life Insurance license is to adhere to compliance and ethical standards set by the state and the industry. This includes following the insurance laws, regulations and guidelines set by the state and the industry. Failure to comply with these standards can result in fines, penalties, or even the revocation of your license.

It’s also important to keep your contact information updated with the state’s insurance department. This will ensure that you receive important information and updates related to your license and the industry.

Another important aspect of maintaining a Primerica Life Insurance license is to stay informed about the products and services offered by Primerica. This will help you to provide accurate and up-to-date information to your clients and help you to be more effective in your sales efforts.

Career Opportunities With A Primerica Life Insurance License

As an independent insurance agent, I know I always look at possible career opportunities because it is important to advance your career. This can lead to higher salaries, promotions, and even increased commissions. Obtaining a Primerica Life Insurance license can open up a variety of career opportunities for those in the financial services industry. 

As a licensed agent, you will have the ability to offer term life insurance products to clients, which can be an important part of their financial planning. One of the primary career opportunities with a Primerica Life Insurance license is that of a financial advisor. 

Financial advisors at Primerica work with clients to understand their financial needs and goals and provide them with tailored solutions to help them achieve those goals. 

This includes offering Primerica’s term life insurance products as well as other financial products and services. Another opportunity with a Primerica Life Insurance license is the earning potential. Financial advisors at Primerica have the potential to earn a significant income through commissions and bonuses. 

This earning potential can increase as you build your book of business and gain more experience in the industry. There are also opportunities for advancement within the company. 

As you build your book of business and gain more experience, you may have the opportunity to become a team leader or manager, providing guidance and support to other financial advisors.

A Primerica Life Insurance license also allows you to be your own boss and set your own schedule. As a licensed agent, you will have the flexibility to run your business in a way that works best for you and your clients.

Frequently Asked Questions

Do people who work for Primerica earn money?

People who work for Primerica can earn money by selling life insurance products to individuals and businesses.

How do I stop working for Primerica?

To stop working for Primerica, you can talk to your recruiter or call the company’s customer service number 1-800-544-5445.

Is Primerica’s Life Insurance real?

Primerica’s Life Insurance is a real product underwritten through Primerica Life Insurance Company.

Which company does Primerica use for Life Insurance?

Primerica uses their own company, Primerica Life Insurance Company, for its life insurance products.

How much money do you earn in commissions when you work for Primerica?

Commissions earned when working for Primerica vary based on the product and the individual’s sales. The commission scale varies from 25%-50% depending upon your “level” or “promotion” within the company.

What percentage of earnings does Primerica take?

Primerica takes a percentage of the earnings made by its representatives, which can vary based on the product sold and the representative’s sales.

Is it a good idea to work for Primerica?

Whether or not it’s a good idea to work for Primerica depends on your personal goals and situation. Primerica is a company that some see as a MLM which causes debate on whether it is a good place to work.

Is working for Primerica all about earning commissions?

While commissions are an important part of working for Primerica, there are other factors involved as well such as helping families secure their financial future by protecting against untimely death.

What is the Rule of 72 in Primerica?

The Rule of 72 is a way to estimate how long it will take your money to double if you invest it at a certain rate of return.

Can you work from home when you work for Primerica?

As a commission-only sales person, you can work from home when you work for Primerica.

Do you need a college degree to work for Primerica?

You do not need a college degree to work for Primerica. The requirements to work for Primerica are passing life insurance exams and other internal qualifications.

How long does it take to get paid when working for Primerica?

It can take several weeks to get paid when working for Primerica, depending on the product sold and the payment schedule.


As an insurance agent, I can tell you that if you want to obtain a Primerica Life Insurance license, you must meet state-specific requirements, pass an exam, complete training and continue education. Maintaining the license requires compliance with regulations and ethics, staying informed about trends and products, and having a successful career takes effort, education, networking, and guidance. The license offers several opportunities for career advancement.

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