Primerica, Inc. (Primerica) is a distributor of financial products to middle income households in the United States and Canada. The Company assists its clients in meeting their needs for term life insurance, which the Company underwrites, and mutual funds, annuities and other financial products, which the Company distributes primarily on behalf of third parties. It operates in three segments: Term Life Insurance and Investment and Savings Products and Other Distributed Products. As of December 31, 2013, it insured more than 4.3 million lives and maintained approximately two million investment accounts on behalf of its clients. 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. Its subsidiaries include Primerica Financial Services, Inc. (PFS) and Primerica Life Insurance Company.