Primerica IRA Overview
Primerica is a multi-level marketing company that offers both insurance and financial services. They work with clients through representatives who provide personalized guidance. These representatives ensure you leave your meeting well-informed and confident about your financial future. They make it simple for individuals without a financial background to understand their money and investments.
The Primerica IRA Account
If you have questions about your account, there are multiple customer service options available. It's important to be able to reach a representative if you need assistance. Primerica's website is very useful, providing access to transaction details, statements, account balances, investment allocations, fund pricing, tax forms, and the ability to complete financial transactions.
Primerica's eServices system is excellent, as it sends notifications for everything happening with your account. You can track everything digitally, and their Quarterly Statements are detailed and easy to understand, making them particularly helpful for those who aren't well-versed in finance.
Portfolio Information
Primerica invests exclusively in mutual funds selected by Lockwood (referred to as "Program Funds") from mutual fund families chosen by Primerica Advisors. To meet clients’ investment goals, Primerica offers ten asset allocation models designed by Lockwood. Asset allocation is the process of dividing investment funds across different asset types to balance risk and return. Each client is assigned a portfolio of mutual funds based on one of the ten asset allocation models, which range from conservative to aggressive, offering various levels of risk and potential returns.
The most conservative models are the Freedom 20 Portfolio and Freedom 20 Tax Aware Portfolio, while the Freedom 100 Aggressive Equity Portfolio is the most aggressive.
Fund Pricing Information
Fund pricing is easy to follow as it's updated daily on their website under the Fund Information tab. You can find the Net Asset Value (NAV), which is the price at which you can redeem your shares. It also shows the change in the NAV, so you can calculate the daily value of your account. Additionally, you can track the year-to-date rate of return.
Primerica Account Fees and Cost
According to the information you receive when opening an account, the following fees apply:
Annual Advisory Fee – This fee is based on how often you use their advisory services. The program is a mutual fund wrap-fee program, meaning you pay a single annual fee (assessed monthly) for the services, instead of paying for each service individually. The fee schedule is as follows:
|
Average Daily Assets |
Program Fee (Maximum) |
|---|
| First $250,000 |
2.24% |
| $250K - $500K |
2.21% |
| $500K - $1MM |
2.02% |
| $1MM - $3MM |
1.88% |
| $3MM - $5MM |
1.7% |
| $5M - $10M |
1.55% |
Primerica Retirement Plan Account Fees - For IRA accounts, there is a custodian fee of up to $50 per year, which is deducted from your account as payment to PFS Investments Inc., the IRS-approved non-bank custodian.
Closed Account Fee – There is a $95 termination fee charged when a full withdrawal is made from the account.
Returned PAC Purchase Fee – Up to $30 for each regularly scheduled PAC returned by the shareholder’s bank.
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Primerica IRA Pros
Within just a few months, the account has increased by a few hundred dollars. The website makes tracking your investments easy. Financial advice is available by phone. They also offer additional services like insurance, which is convenient to have from one provider.
Primerica IRA Cons
Since it’s a multi-level marketing company, Primerica faces criticism and is sometimes associated with pyramid scheme accusations. While the representative I worked with was knowledgeable, not all representatives may have the same level of expertise. Their fees are on the higher end of the spectrum.
Primerica IRA Review Summary
If you’re looking for lower fees to start saving for your future, you may want to consider a company like
Charles Schwab. Overall, the experience with Primerica has been positive, with some minor issues during the initial rollover process. After a year or two, it would be easier to assess the long-term effects and fees associated with the account. Despite the small banking issue, the experience has been favorable.
Updated on 1/17/2026.
Arthur Chachuna is a professional personal finance blogger, and the owner of Brokerage-Review.com.
He has been an avid investor for 25 years, and has a background in both applied math and programming.
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