Primerica IRA Overview
Primerica is often described as a multi-level marketing company that sells both insurance and financial services. The company works
with clients through representatives. Primerica representatives aim to explain the facts clearly and make sure you leave your meeting
feeling informed and comfortable about your financial future. They help people who do not have a strong background
in finance understand what is happening with their money.
The Primerica IRA Account
There are many customer service options available if you have questions about your account. It is important to be able to reach a real person if you need help. Their website is very helpful. You are able to view the following on the website: transaction details, statements, account balances, investment allocations, fund pricing, tax forms, and financial transactions.
Their eServices is helpful as well - you receive notifications for activity on your account. It’s easy to track things digitally
too. Their Quarterly Statements are very detailed and easy to read and understand. For people who do not have a background in finance this is important.
Portfolio Information
Primerica invests only in mutual funds selected by Lockwood (the “Program Funds”) from mutual fund families chosen by
Primerica Advisors. To help meet your investment objectives, the firm offers ten asset allocation models designed by Lockwood.
Asset allocation is the process of dividing investment funds across several categories of assets in an effort to maximize
returns and reduce risk. Each client in the program will be invested in a portfolio of mutual funds built around one of
the ten asset allocation models. These ten models represent different levels of risk and potential return.
The Freedom 20 Portfolio and Freedom 20 Tax Aware Portfolio are the most conservative, and the Freedom 100 Aggressive Equity
Portfolio is the most aggressive.
Fund Pricing Information
Fund Pricing is easy to follow as well. It is updated daily on their website under the Fund Information tab. They show the Net Asset Value – which is the price at which you can redeem your shares – if you choose to do so. They also show the change in Net Asset Value so you can calculate the daily value of your account. Lastly, they show the year-to-date rate of return.
Primerica Account Fees and Cost
According to the packet of information received when opening the account, the following fees are charged to your account:
Annual Advisory Fee – this is based on how often you use their advisory service. The Program is a mutual fund wrap-fee program. “Wrap-fee” means that you will pay a single, annual fee (assessed monthly in arrears) for the services provided by the Program, instead of purchasing and paying for the services separately. The fee schedule given is listed below.
|
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 that is deducted from your account and paid as compensation to PFS Investments Inc., for the services it provides as the IRS approved non-bank custodian.
Closed Account Fee - there is a $95 termination fee charged at the time a full withdrawal is taken from an account.
Returned PAC Purchase Fee – up to $30 for each regularly scheduled PAC returned by the shareholder’s bank.
Best Priced Advisor
For straightforward portfolio management, Webull Advisors is far more affordable than a traditional
wealth-management firm, charging a 0.20% annual advisory fee for diversified strategies versus the
industry-average AUM fee of about 1.00%. That difference could save approximately $800 per year on a
$100,000 portfolio, leaving more of your money invested and compounding over time.
Visit Webull Website
Primerica IRA Pros
In just a few months the account has gone up by a few hundred dollars. The website makes it easy to track your investments. Financial advice is only a phone call away. They also offer other services like insurance, so it’s nice to have everything with one broker.
Primerica IRA Cons
It’s an MLM and that gives it a bad reputation as a pyramid-scheme company. Just because the representative I worked with knows the material doesn’t mean all representatives do. Their fees are on the higher end.
Primerica IRA Review Summary
You can go with a
Charles Schwab to pay lower fees
if you are looking to start saving for your future and not get hit with a lot of fees. The overall experience over the last few months has been one of making money. Perhaps
maybe after a year or two of seeing some significant changes and seeing what fees are associated with it would serve for a better analysis. Aside from that minor banking
glitch during the initial rollover the experience has been a positive one.
Updated on 3/27/2026.
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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