Primerica marks over $900 billion of term life insurance in force

Primerica , which provides financial services to families throughout the US and Canada, shared that it has issued $109 billion of new term life insurance coverage in 2021. In addition, 348,000 new representatives were recruited during the year, with 39,600 obtaining their life insurance licenses in 2021. It ended the year with nearly 26,300 securities licensed representatives, 2,870 of which were newly licensed.

“During another year filled with uncertainty, working families across North America are prioritizing efforts to protect their incomes and build financial security. Our over 129,500 Primerica life-licensed representatives continued to assist middle-income households as they implemented plans to protect their futures.

In 2021, Primerica paid $2.1 billion in death claims that help families in their time of loss. With over $900 billion of term life insurance coverage in force, we are positioned to protect more households in the future. Our record investment sales of $11 billion and client asset values of $97 billion demonstrate we are assisting more families than ever with their savings and investment goals.”

– Glenn Williams, Primerica CEO.

The news follows the acqusition of e-TeleQuote by Primerica which was announced in April 2021. e-TeleQuote, a digital insurance agency for life and health insurance from Florida, is projected to close out the year with 31,000 approved senior health policies during the fourth quarter.

Finally, Primerica’s US mortgage distribution business had over $1.2 billion of closed loans during the year.