Primerica’s Canadian Operations Hit C$ ONE HUNDRED Billion Milestone
Primerica, Inc. (NYSE: PRI), the leading distributor of economic products to center earnings family members in North America, just recently revealed that its Canadian operations lately covered C$ 100 billion in Term Life insurance face amount in force.
“Primerica has been in Canada for 29 years, as well as getting to C$ 100 billion in term life insurance effective is a significant milestone for our solution,” said Jeff Dumanski, President of Primerica Canada. “This success is a direct outcome of the steadfast initiatives of almost 10,000 life insurance policy certified agents servicing their environments from coastline to coast as well as the dedicated operate of our Head Office personnel. Many thanks to their cooperations, we have expanded from a tiny startup to end up being a true leader in the Canadian financial services industry.”.
John Adams, CEO of Primerica Canada, noted that 2014 was a strong year for the company. “Last year, the worth of our clients’ properties surpassed C$ 10 billion for the very first time. We likewise paid greater than C$ 100 million in survivor benefit, for a total amount of over C$ 1 billion in death benefits paid because our inception. 2015 began on a wave of solid energy, as well as we have actually performed remarkably well in the first 5 months of the year compared to the same duration in 2014.
Through May 2015, recruiting of brand-new representatives has grown 27 %. We have actually likewise experienced 8 % rise in the face quantity of Term Life insurance plans provided and also 15 % growth in our Investment and also Savings Products sales in Canadian dollars. Each time when our clients require us most, Primerica is developing monetarily independent family members like never before.”.
About Primerica, Inc
. Primerica, Inc., baseded in Duluth, GA, is a leading supplier of monetary products to center revenue homes in North America. In Canada, Primerica is locateded in Mississauga, Ontario, where it has some 200 full-time staff members. Primerica representatives inform their Main Street customers about the best ways to better prepare for a more safe economic future by evaluating their needs as well as giving ideal options via term life insurance coverage and set apart funds via Primerica Life Insurance Company of Canada, stock funds through PFSL Investments Canada Ltd., in addition to debt unification lendings, impairment insurance coverage as well as other monetary products, which we disperse largely on behalf of third parties. On top of that, Primerica provides a business complete or part-time business opportunity for people looking for to make earnings by dispersing the install’s financial products. Primerica guaranteed greater than 4 million lives and had more than 2 million client financial investment accounts at December 31, 2014. Primerica stock is consisted of in the S&P MidCap 400 as well as the Russell 2000 stock indices and is traded on The New York Stock Exchange under the icon “PRI”.
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