Primerica Urges Clients to Get Proper Insurance Protection
In today’s uncertain economic climate, the last thing families need is to be financially vulnerable. Homeowner’s insurance and life insurance are two key areas that many clients overlook or undervalue. Primerica, a financial services industry leader, encourages clients to review their coverage to make sure their homes and income are adequately protected.
Duluth, GA, February 11, 2009 --(PR.com)-- In today’s uncertain economic climate, the last thing families need is to be financially vulnerable. Homeowner’s insurance and life insurance are two key areas that many clients overlook or undervalue. In fact, 66% of homeowners are underinsured by an average of 18%1 and an estimated 68 million Americans have no life insurance.2
Primerica, a financial services industry leader, encourages clients to review their coverage to make sure their homes and income are adequately protected.
Homeowner’s Insurance: Homeowner’s insurance should cover 100% of the cost to rebuild, not the home’s value (including the land). That amount of coverage protects the homeowner regardless of real estate market fluctuations. If a client is concerned about the increased cost of correct coverage, changing an annual deductible from $500 to $1,000 can save about 20% on premium costs. Shopping around is another great way to potentially save money for the same coverage. It’s a good idea to get new quotes from multiple insurers every two years.
Life Insurance: Families with children who rely on their employer for life insurance are most likely under‑protected. If any significant life changes have occurred throughout the year – such as the birth of a child – clients will need to review and update their policy. Experts recommend a family with young children to have coverage that’s 10 times the parents’ annual income.3
Even if clients think they have the right homeowner’s or life insurance, it’s not a bad idea to get a second look. Many companies, like Primerica offer financial solutions tailor‑made to the client’s needs. Visit www.PrimericaFNA.com to learn more about what Primerica does for families.
1SmartMoney, September 2008
2Reuters.com, August 20, 2008
3MSNMoney.com, viewed November 14, 2008
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Primerica Financial Services, headquartered in Duluth, Georgia, is the largest financial services marketing organization in North America, with more than 100,000 licensed independent representatives. The company provides its 6 million clients with quality financial products and services, including term life insurance, mutual funds, variable annuities, loans, auto and homeowners insurance and long-term care insurance. Primerica conducts business in the US, Canada, and Puerto Rico; the company also operates in Spain as Citisoluciones.
Primerica and its affiliate companies are subsidiaries of Citi (NYSE:C), the leading global financial services company with some 200 million-customer accounts in approximately 100 countries. Along with Primerica, other major brand names under Citi’s trademark include Citibank, CitiFinancial, Smith Barney, and Banamex.
Additional information about Primerica and Citigroup is available on their respective web sites: (http://www.primerica.com) and (http://www.citigroup.com).
Primerica, a financial services industry leader, encourages clients to review their coverage to make sure their homes and income are adequately protected.
Homeowner’s Insurance: Homeowner’s insurance should cover 100% of the cost to rebuild, not the home’s value (including the land). That amount of coverage protects the homeowner regardless of real estate market fluctuations. If a client is concerned about the increased cost of correct coverage, changing an annual deductible from $500 to $1,000 can save about 20% on premium costs. Shopping around is another great way to potentially save money for the same coverage. It’s a good idea to get new quotes from multiple insurers every two years.
Life Insurance: Families with children who rely on their employer for life insurance are most likely under‑protected. If any significant life changes have occurred throughout the year – such as the birth of a child – clients will need to review and update their policy. Experts recommend a family with young children to have coverage that’s 10 times the parents’ annual income.3
Even if clients think they have the right homeowner’s or life insurance, it’s not a bad idea to get a second look. Many companies, like Primerica offer financial solutions tailor‑made to the client’s needs. Visit www.PrimericaFNA.com to learn more about what Primerica does for families.
1SmartMoney, September 2008
2Reuters.com, August 20, 2008
3MSNMoney.com, viewed November 14, 2008
###
Primerica Financial Services, headquartered in Duluth, Georgia, is the largest financial services marketing organization in North America, with more than 100,000 licensed independent representatives. The company provides its 6 million clients with quality financial products and services, including term life insurance, mutual funds, variable annuities, loans, auto and homeowners insurance and long-term care insurance. Primerica conducts business in the US, Canada, and Puerto Rico; the company also operates in Spain as Citisoluciones.
Primerica and its affiliate companies are subsidiaries of Citi (NYSE:C), the leading global financial services company with some 200 million-customer accounts in approximately 100 countries. Along with Primerica, other major brand names under Citi’s trademark include Citibank, CitiFinancial, Smith Barney, and Banamex.
Additional information about Primerica and Citigroup is available on their respective web sites: (http://www.primerica.com) and (http://www.citigroup.com).
Contact
Primerica Financial Services
Mark Supic
770.564.6328
www.primerica.com
Mark Supic
770.564.6328
www.primerica.com
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