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Duluth, Georgia-based Primerica, Inc., a leading provider of financial products to middle income households in North America, recently announced that it achieved a record $9.1 billion in Term Life insurance face amount issued in June.
For the second quarter, Primerica’s Term Life face amount issued grew 2 percent over the prior year quarter.
“Thanks to the hard work of our sales force, many thousands of Main Street families throughout North America now have life insurance protection,” said Primerica CEO Glenn Williams. “I am extremely proud of the leadership provided by our representatives. They continue to meet the financial needs of record numbers of families, and I look forward to all that we’ll accomplish in the future.”
Primerica also noted that its Canadian headquarters in Mississauga, a suburb of Toronto, will relocate to its new facility later this month. The timing of the move coincides with the company’s 2018 Canadian Convention, which will be held July 27-28 at the Toronto Congress Centre.
“We will remain in Mississauga as we relocate to 6985 Financial Drive, where we will occupy over 43,000 square feet of leased office space that has been completely designed to our specifications,” said Williams. “It is a state-of-the-art office where we can conduct business, continue to grow and add staff and help more Canadian families become financially independent.”
According to the company, in the second quarter Primerica Canada achieved a record 12,000 life insurance licensed representatives, solidifying its position as the country’s largest life insurance sales force. This Canadian growth helped Primerica’s North American sales force surpass 130,000 life insurance licensed representatives as of June 30, 2018.