EXHIBIT NO. 99.06
COMPANY'S FORM 10-K
December 31, 1989
Page 31
Item 3. LEGAL PROCEEDINGS
Other Litigation
On or about January 9, 1989, Primerica Holdings, Inc., as
successor in interest to old Primerica, notified the salaried
retirees of old Primerica of certain changes in their
retirement benefits. On December 19, 1989, a purported class
action was filed by two salaried retirees in United States
District Court, District of New Jersey, under the caption
Alexander, et al, v. Primerica Holdings, Inc., et al.
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Plaintiffs allege that their retirement benefits are not
subject to material alteration, and that the 1989 revisions
are improper. The complaint alleges causes of action against
Primerica Holdings and its directors on various theories
including promissory estoppel, breach of contract, breach of
fiduciary duties, fraud, and federal ERISA violations.
Plaintiffs seek permanent injunctive relief prohibiting
changes in their benefits, as well as compensatory and
punitive damages.
COMPANY'S FORM 10-K
December 31, 1991
Page 26
Item 3. LEGAL PROCEEDINGS
Other Litigation and Legal Proceedings
For information concerning a purported class action
against Primerica Holdings and others in connection with
certain changes in the retirement benefits of old Primerica
retirees, see the description that appears in the fourth
paragraph of page 31 of the Company's filing on Form 10-K for
the year ended December 31, 1989, which description is
incorporated by reference herein. A copy of the pertinent
paragraph of such filing is included as an exhibit to this
Form 10-K. The class was certified in May 1991, and on June
25, 1991, the United States District Court for the District of
New Jersey granted summary judgment in favor of Primerica
Holdings and the other defendants in the class action.
Plaintiffs have appealed the decision.