The subscription fees for your Sales Force designation are listed under “Service Levels and Pricing” on the POL log-in page. Different Service Levels offer various benefits. Service Levels, as well as their features, criteria, and pricing, may change at any time.
A Representative below the rank of Regional Vice President (“RVP”) is not required to pay for POL in order to keep his or her Primerica Representative status. Representatives below RVP can access Limited POL without a paid subscription, which includes compliance materials, PrimericaMail email, and information about Primerica compensation. A paid subscription is required to access sales tools (TurboApps, the Primerica App, and other features and functionality), online training, motivation materials, and other features and functionality.
On your POL Billing Date, the current month’s monthly charge is always payable in full. The day of the month listed on your POL Statement is referred to as the “POL Billing Date.” See MyAccount for instructions on how to alter your Billing Date to a different day of the month within 30 days of the current Billing Date. Changes take 24 hours to take effect.
Subscription prices are not pro-rated depending on the date of registration, Service Level Change, Billing Date Change, or reconnection. If your failure to access the Application is caused directly or indirectly by your use of nonconforming hardware or software configurations, there will be no pro-ration or return of payments.
Your POL subscription price may increase if you advance to a new sales force classification. A Full Service POL subscription is required for Authorized Users at or above the level of RVP. You will be notified of an increase in your monthly fees in the month that your advancement becomes effective, giving you enough time to set your Billing Preference before the new monthly amount is due.
Billing Preferences
Under the My AccountBilling Preference tab, you can choose a preferred invoicing method for eligible membership payments at any time. The Company will attempt to collect your subscription money using your specified billing method on your POL Billing Date. You have the option of paying using a credit or debit card (Visa or Mastercard only), a bank draft, or, in some cases, your earned commissions. Your billing preferences can be changed at any time.
Subscribers will also receive a monthly statement ten days following the POL Billing Date, including the amount paid and the amount that was not recoverable. Statements may be seen under the My AccountView Statement tab in POL. Additionally, if you give an email address in My Account, a statement will be emailed to you.
You must have a positive Net Financial Position that is at least ten times the amount of the monthly fees owed if you prefer to have the Company collect the monthly charge from your earned commissions. My POLBusiness TrackingRep ProfileRep Balances contains your Net Financial Position. Monthly service fee commission offsets will appear in Section K of the Earned Commission Statement.
By altering your Billing Preference, you can cancel a bank draft, credit or debit card charge up to three working days before the payment is scheduled to be made.
Nonpayment
If a payment is refused, dishonored, returned, reversed, or readjusted for any reason, including a stop payment order or insufficient funds, the Representative will be notified and will be liable for all charges paid by the Company.
The Company shall not be liable for any loss, damage, or expense of any kind or kind resulting directly or indirectly from, or in any way connected with, a financial institution’s refusal to complete a payment for any reason, or a payment’s rejection, dishonor, return, refusal, or readjustment. For each rejection, dishonor, return, refusal, or readjustment of a payment for your fees by any financial institution, the Company will charge you a service fee of $20.
If a subscription cost is not paid and cannot be collected in full from your specified billing method, the Company may immediately cancel your subscriptions.
By checking in with the disconnected ID and selecting a Service Level on the MyAccountService Selection screen, any subscription that has been cancelled due to nonpayment can be reinstated. You must pay the current month’s subscription fees for that service level based on your current sales force designation if you are restoring a paid subscription. Future charges will be determined by your sales force classification at the time.
Cancellation of a Paid Subscription
Authorized Users who are not RVPs can use the My AccountService Selection screen to shift from a paying Service Level to a Service Level that does not require a paid membership. By dialing 1-888-737-2255, you can permanently deactivate your POL account.
Cancellation by the Company
The Company maintains the right to terminate your access to POL at any time, with or without justification, for any reason, including the following:
Refunds
Except as stated above, no refunds are given for cancellations. Requests for Service Level modifications or access cancellations will take effect on your next POL Billing Date, and you will continue to have access to those services until the end of the month. In the event that your agent agreements are terminated, your access to POL will be terminated immediately.
Notices and Disclosures
Within 60 days of the statement date for the month in question, billing disputes must be submitted in writing. Disputes can be sent via fax, email, or ordinary mail. The POL’s contact information is listed below.
You agree that Company may give you notice about subscription billing or other things by publishing a message on the Application when you log in or sending an email to any email address supplied under My Account. Unless we receive notice that the email was not delivered, such notice will be considered received by you within 24 hours of the time it is posted to the Application or emailed to you.
POL Billing Department Contact Information
You can request copies of bank draft authorizations and subscription statements from the POL Billing Department. You can also get copies through My Account.
What happens if you cancel your Primerica life insurance?
More subtly, you won’t get any of your paid charges back if you terminate your life insurance policy. If you cancel or allow your term life strategy lapse, you will not receive a return or any money. When a person’s entire life is based on money, he or she may receive some money when it is dropped.
Can you get your money back from Primerica?
Yes, when it comes to the licensing process, Primerica has a fantastic compensation scheme. You can request a refund if you decide after hiring on that it is not right for you.
Can I sell my Primerica life insurance policy?
Primerica works in a similar way to Herbalife in that it sells life insurance and encourages consumers to sell it as well.
How do I cancel Primerica Online?
Primerica hires and educates salespeople who market the company’s financial and insurance products. In 2017, the company claimed to have 120,000 independent agents. Term life insurance, mutual funds, annuities, segregated funds, managed accounts, long-term care insurance, pre-paid legal services, auto insurance, house insurance, credit monitoring, and debt management plans are among the products sold by the company.
How long does a life insurance policy take to payout after death?
When the insured dies and the policy’s beneficiary files a claim, life insurance companies pay up the proceeds. After you’ve filed the completed claim papers and supporting paperwork, you should be able to collect your life insurance payout within 30 to 60 days. Insurers, on the other hand, are renowned for finding excuses to postpone or even refuse a valid life insurance claim.
Read our blog about how long it takes for insurers to pay out if you want to know what you need to do to get your life insurance payout quickly.
Does Primerica offer living benefits?
Primerica has been providing term life insurance to families since 1977, offering them the coverage they need at a price they can afford. For most families, Primerica believes that low-cost term insuranceii is the best alternative. A widespread misunderstanding regarding life insurance is that it is a constant requirement for every household. Many financial expertsiii consider it as a technique to “buy time” until you can save up enough money, rather than as a permanent element of your financial plan.
How do I cancel my insurance policy?
There are several ways to cancel your insurance policy, depending on your insurance company’s policies.
- Make contact with your service provider. To terminate a policy, most large firms simply require clients to contact an insurance agent.
Does Dave Ramsey recommend Primerica?
Is Primerica a Recommendation from Dave Ramsey? In summary, according to his Twitter account, Dave Ramsey does not support Primerica. He claims that their insurance premiums are exorbitant.