Important Disclosures

Background on Company, Products and Services

What is Primerica?
Primerica is the trade name of Primerica, Inc., an organization that markets financial services through various affiliated companies in Canada, including Primerica Financial Services Ltd, PFSL Investments Canada Ltd., Primerica Life Insurance Company of Canada, and Primerica Client Services Inc., as well as affiliated companies in the U.S. (collectively the “Primerica Companies”).

Parent Company
The Primerica Companies are subsidiaries of Primerica, Inc. which is a public company listed on the New York Stock Exchange. Primerica, Inc. is a leading distributor of financial products to middle income households in North America, assisting clients in meeting their needs for term life insurance, mutual funds, variable annuities, segregated funds and other financial products distributed on behalf of third parties. Primerica, Inc. offers financial products through its subsidiaries. Each subsidiary of Primerica, Inc., and not Primerica, Inc. itself, is responsible for its obligations to its customers.

Product Offerings: Insurance, Securities & Other Financial Products and Services

  • Term life insurance products and Common Sense Funds segregated fund products are underwritten by Primerica Life Insurance Company of Canada, Head Office: Mississauga, Ontario. Commissions, trailing commissions, management fees and expenses all may be associated with segregated fund investments. Please read the Information Folder before investing. Segregated funds are not guaranteed, and investments are made at the risk of the investor (subject to any applicable death or maturity guarantee, as outlined in the Information Folder). Their values fluctuate and past performance may not be repeated.
  • To sell mutual funds, Representatives must be sponsored by PFSL Investments Canada Ltd., Head Office: Mississauga, Ontario. Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Mutual funds are sold by prospectus only. Please read the current prospectus before investing. Mutual funds are not guaranteed, their values fluctuate and past performance may not be repeated.
  • Representatives refer clients to AGF Trust Company for debt consolidation loans under the AGF Trust SMART Loan Referral program. Clients should contact AGF Trust Company for questions regarding debt consolidation. Primerica does not deal in mortgages. Representatives are prohibited from holding themselves out as mortgage brokers, or soliciting and giving advice on mortgages for the purposes of the AGF Trust SMART Loan Referral program.
  • DebtWatchers™ is offered by contractual agreement between Primerica Client Services Inc. and Equifax Consumer Services LLC, a wholly owned subsidiary of Equifax Inc. References to Equifax within the DebtWatchers™ product refer to Equifax Consumer Services LLC.
  • The Pre-Paid Legal Services program is provided by PPL Legal Care of Canada Corporation, a subsidiary of Pre-Paid Legal Service®, Inc. PPL Legal Care of Canada Corporation and Pre-Paid Legal Service®, Inc. are not affiliated with the Primerica Companies. Clients should contact PPL Legal Care of Canada Corporation for questions regarding any legal services.

Insurance and investments offered through the Primerica Companies are not deposits. There is no bank guarantee. They are not insured by the Canada Deposit Insurance Corporation. The products and services offered by the companies noted above may not be available in your province or territory. The products and services your Primerica Representative may be able to offer also may be limited. Please consult your local Primerica office or your Primerica Representative for a listing of products and services available.

Financial Needs Analysis
The Financial Needs Analysis (“FNA”) is designed to assist you in identifying your financial needs and goals so that you can make better informed decisions in managing your money. An FNA is developed based on information you provide, as summarized on data input pages, and on certain generally accepted assumptions and reasonable estimates. It is provided to you as a complimentary, no-obligation service by Primerica. The FNA is not a financial plan. The FNA should be construed as a guide for you to use in deciding how best to attain your financial goals. Representatives are compensated through commissions or referral fees on the sale of financial products offered by the financial product companies they represent. Representatives are not financial planners, investment advisors, financial consultants or other specialists who provide financial advice and whose compensation may be unrelated to sales.

Continuity of Business
Primerica Life Insurance Company of Canada (“PLICC”) and PFSL Investments Canada Ltd. (“PFSL”) have developed a Continuity of Business Plan that addresses the possibility of a future emergency or significant business disruption. If such an event were to affect PLICC or PFSL’s headquarters, customers could continue to access their funds by contacting the following companies, depending upon the type of investments the customer owns.

  • Customers with Primerica Concert Series mutual funds can continue to access their funds via telephone at (800) 510-7375, via email at concert@AGF.com, via the internet at www.agf.com, or through their local Primerica representative.
  • Customers with Primerica Common Sense Funds segregated funds can continue to access their funds via telephone at (800) 463-9997, via the internet at www.agf.com, or through their local Primerica representative.
  • Customer with third party mutual funds can continue to access their funds by contacting the respective mutual fund company via the contact information provided on their trade confirmations, annual account statements, or through their local Primerica representative.

Press Room
The Primerica Newsroom includes unedited articles about Primerica written by third party news organizations. These organizations are not affiliated with Primerica or any Primerica Companies. The articles are included for information purposes only.

Independent Contractor Representative Information

The Business Opportunity
The Primerica business opportunity involves the sale of term life insurance and mutual funds, as well as offering other financial services products and services such as debt consolidation loan referrals. Primerica Representatives are individuals who have signed an Independent Business Application (“IBA”) and who have been approved to become a member of Primerica’s sales force. Primerica Representatives are independent contractors, and are not employees of Primerica Companies, or its parent company Primerica, Inc.

Personal Income
Any cash flows or success stories stated are not intended to demonstrate the earnings or success levels of typical representatives or RVPs. Rather, they reflect the potential that comes with building your business, and there is no guarantee that you will achieve any specific cash flow or success level. Most Representatives and RVPs do not achieve the cash flow or success levels illustrated. In the 12‑month period ending in December 2009, Primerica’s sales force consisted of approximately 100,000 life‑licensed Representatives, to whom the Company paid a total of $515,691,076 in compensation, an average of $5,156 per licensed representative. Average RVP earnings are typically higher. Actual gross cash flow is, among other factors, dependent upon the size and scale of a Representative’s organization, the number of sales and the override spread on each sale, and the ability and efforts of you and your downlines. Having said this, Primerica provides a tremendous opportunity for individuals who work hard and who desire to develop a business with strong income potential.

Any cash flows stated represent gross income only. All commissions are subject to Deferred Commission Account withholding and applicable taxes, and Representatives are responsible for their own business expenses. All commissions and bonus payments are subject to applicable Primerica agent agreements and Operating Guidelines. Commission rates, rules and procedures and bonus programs are subject to change in any manner from time to time, including adjustments to renewal commissions on product sales previously made. Primerica may from time to time modify, supplement or terminate any of the compensation in any manner. Additional details are available from Primerica.

Part-time Business Opportunity
The Part-Time Primerica business opportunity is not available in all jurisdictions. Where it is available, it is subject to certain restrictions.

Telephone Soliciting Policy
All Representatives must comply with the requirements of the National Do Not Call List Rules and Primerica’s “Telephone Solicitation” policies when using the telephone to recruit or prospect.

IBA Fee
The IBA fee is $103.95 (includes GST) and the monthly Primerica Online fee is $28.00.

IBA Issues
New members of the Primerica sales force who have inquiries concerning an Independent Business Application (“IBA”) fee refund should refer to the Basic Agreement contained in the IBA. For additional IBA inquiries, send email to: canada_agencysupport@primerica.com

Recruiting Inquiries
Individuals with inquiries pertaining only to recruiting contacts by a Primerica Representative should send an email to: canada_marketing@primerica.com.