Primerica has been named to the 2020 FORTUNE® 1000 list for the first time in the Company’s 43-year history. The Fortune 1000 is the annual ranking by Fortune Magazine of the 1,000 largest U.S. public companies, listed in order of reported revenue. With revenues of approximately $2.05 billion in fiscal year 2019, Primerica ranks number 980 in the most recent list.

“Our inclusion in the Fortune 1000 reflects Primerica’s growth over the past four decades, which has been achieved by meeting the financial needs of hard-working families in the U.S. and Canada,” said Primerica Chief Executive Officer Glenn Williams. “Our success is driven by more than 130,000 independent sales representatives and more than 2,000 employees who strive every day to serve our clients and our community. While we celebrate this recognition of our success, we are constantly reminded of those families who are being negatively impacted by the COVID-19 pandemic and we recognize our responsibility to assist them wherever possible.”

Primerica,...

A Primerica field leader from a small town in central New York came up with an idea to help out her community – buy take out from local restaurants that have to close down their seating areas due to the coronavirus and feed first responders on their working shifts.

After COVID-19 restrictions began to get tighter throughout her state, Regional Vice President Michelle Shauger wanted to help out a particular restaurant owner she uses to cater her financial wellness seminars. She wasn’t sure what to do, so she anonymously sent meals to two shifts at their local police department from the restaurant.

“I didn’t know what else to do,” said Michelle. “I wanted to help out the restaurant and say thank you to the police department at the same time.”

Not wanting to leave out the third shift, Michelle and her husband, Rob, picked up food from another restaurant – a locally-owned diner – and delivered breakfast sandwiches, hash browns and orange juice to the officers who were working the night shift.

By that time, Michelle’s anonymity was broken, so she left a...

If you’re one of the three in 10 Americans who say they aren’t budgeting, now is the perfect time to start keeping track of your expenses and figure out where you’re spending your money and how much. * Here are three easy steps to start managing your money:

• List any fixed monthly expenses you are expected to pay each month, such as mortgage/rent, utilities, internet, childcare, groceries, car payments, health insurance, minimum loan and debt payments, savings, etc. Add them up and subtract from your monthly take home pay.
• Automate all the fixed expenses to be paid on a particular date every month. This way, you will not have to worry about paying bills on time or overspending. Set a hard budget line for the others (such as groceries and gasoline). The money left over is your discretionary spending allowance for the month.
• If you don’t already have a rainy-day fund, save up your discretionary spending allowance until you have enough saved for emergencies, pay off debt or save for retirement.

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*USAToday.com, “Many Americans Don’t...

The coronavirus is taking a toll on parents’ wallets, according to a new report.

On Tuesday, LendingTree released the results of a survey of 1,005 parents of children under the age of 18 and how the coronavirus has impacted their finances.

The survey found that 56 percent of respondents said they are in debt because of the “added financial strain” of the coronavirus.

About 40 percent added credit card debt and 15 percent had to take out a personal loan, according to the survey.

Another 36 percent of parents tapped into their children’s college funds for assistance, the survey found. However, 15 percent of respondents said they don’t have a college fund for their children at all.

"The truth is that even before the outbreak hit, most Americans' financial...

The coronavirus is hitting not only Americans’ health but also their ability to save for retirement, as millions of Americans are tapping their accounts to offset lost income and contributing less to their accounts than before the pandemic.

According to a new Bankrate survey, more than 27 percent of those working or recently unemployed have already taken a withdrawal from their retirement savings accounts, such as a 401(k) or IRA, or plan to use them as a source of income. The survey also reveals that nearly 1 in 5 Americans are contributing less to their retirement account now than before the crisis.

“In addition to the 1-in-4 working households that hadn’t been contributing to retirement savings before the pandemic, a further 18 percent are now contributing less toward retirement,” says Greg McBride, CFA, Bankrate chief financial analyst. “The runaway culprit is loss of income, cited nearly twice as often as the next most...

KEY POINTS

• New reports show the coronavirus crisis has already had a significant impact on many families’ ability to pay for college.
• Student loan balances will likely rise in the years ahead.

With millions of Americans now out of work, one expense is suddenly out of reach for many: higher education.

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More than half, or 56%, of college students say they can no longer afford their tuition tab, according to a survey by OneClass, which polled more than 10,000 current freshmen, sophomores and juniors from 200-plus colleges and universities across the country.

Just about half of all undergraduates said they need to figure out a new way...

The coronavirus crisis is having a profound impact on the financial lives of Americans, despite the efforts by many to cut back on spending.

Since the outbreak began, 30 percent of respondents say they’ve experienced a decrease in household income, according to a new Bankrate survey. About 1 in 5 workers has applied for unemployment since March 13, and the unemployment rate surged to 14.7 percent in April. Under government orders, many non-essential businesses were forced to close. It’s feared that a great deal of them may never end up reopening, dampening the hopes of a quick economic recovery.

“The pandemic is deepening the financial hardship for millions of Americans,” says Greg McBride, CFA and Bankrate chief financial analyst. “Nearly one-third of households report lower income since the start of the pandemic, with half of those same households now having more debt and they are three...