Primerica Inc was incorporated in the United States as a Delaware corporation in October 2009 to serve as a holding company for the Primerica business. The Company is a distributor of financial products to middle income households in United States and Canada. The Company assists its clients to meet their needs for term life insurance, which it underwrites, and mutual funds, variable annuities and other asset protection products, which it distributes on behalf of third parties. It conduct business activities in the United States through three entities: Primerica Financial Services, Inc. (PFS), general agency and marketing company; Primerica Life Insurance Company (Primerica Life), principal life insurance underwriting company; and PFS Investments Inc. (PFS Investments), investment and savings products company, broker-dealer and registered investment advisor. It also conducts business activities in Canada through three entities: Primerica Life Insurance Company of Canada (Primerica Life Canada), Canadian life insurance underwriting company; PFSL Investments Canada Ltd. (PFSL Investments Canada), Canadian licensed mutual fund dealer; and PFSL Fund Management Ltd. (PFSL Fund Management), Canadian investment funds manager. The Company has three operating segments to organize, evaluate and manage its business: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. Through its three life insurance subsidiaries - Primerica Life, NBLIC and Primerica Life Canada, the Company offers term life insurance to clients in the United States, its territories, the District of Columbia and Canada. Through PFS; PFS Investments; Primerica Life Canada; PFSL Investments Canada; and its licensed sales representatives, the Company distributes and sells to its client's mutual funds, variable and fixed annuities and segregated funds. It offers Primerica DebtWatchers, long-term care insurance, prepaid legal services, and auto and homeowners' insurance referrals as well as debt consolidation referrals in Canada. The Company offers its U.S. clients long-term care insurance, underwritten and provided by Genworth Life Insurance Company and its affiliates. It competes directly with a variety of financial institutions, such as insurance companies, insurance brokers, banks, finance companies, credit unions, loan brokers, broker-dealers, mutual fund companies and other national and international financial products and services companies. The Company's operations are subject to laws and governmental regulations, including administrative determinations, court decisions and similar constraints.
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