Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 15

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 15
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 Life Insurance Company (Puerto    Rico)

    Universal Life Insurance Company (Puerto Rico)

    Segregated Funds
     
    Primerica Life Canada (Canada)

    Corporate and Other Distributed   Products
     
    Mortgage Loans (1)(2)
     
    Rocket Mortgage, LLC (U.S.)

    Spring EQ LLC (U.S.)

    Rocket Mortgage Canada ULC (Canada)

    8Twelve Mortgage Corp. (Canada)

    Prepaid Legal Services
     
    Pre-Paid Legal Services, Inc. (U.S. and Canada)

    ID Theft Defense
     
    Pre-Paid Legal Services, Inc. (U.S. and Canada)

    Supplemental Health and Accidental Death &   Disability Insurance
     
    The Edge Benefits Inc. and its affiliates (Canada)

    Auto and Homeowners’ Insurance (2)
     
    Various insurance companies, as offered through   Answer Financial, Inc. (U.S.)

    SurexDirect.com Ltd. (Canada)

    Home Automation Solutions
     
    Vivint, Inc. (U.S.)

(1)In the U.S., mortgage loans are made by Rocket Mortgage, LLC and Spring EQ LLC. In Canada, representatives refer mortgage loans to Rocket Mortgage Canada ULC (a subsidiary of Rocket Companies, Inc.) and 8Twelve Mortgage Corp. 

(2)In Canada, referrals only.

Term Life Insurance

Through our three life insurance subsidiaries – Primerica Life, NBLIC and Primerica Life Canada – we offer term life insurance to clients in the United States, its territories, and Canada. We are a leading provider of individual term life insurance in the United States.

9

We believe that term life insurance is generally a better alternative for middle-income clients than cash value life insurance. Term life insurance provides a guaranteed death benefit if the insured dies during the fixed coverage period of an in-force policy, thereby providing financial protection for his or her named beneficiaries in return for the periodic payment of premiums. Term insurance products, which are sometimes referred to as pure protection products, have no savings or investment features. By buying term life insurance rather than cash value life insurance, a policyholder pays a lower premium over the level term period and, as a result, may have funds available to invest for retirement and other needs. We also believe that a person’s need for life insurance is inversely proportional to that person’s need for retirement savings, a concept we refer to as the theory of decreasing responsibility