This post is intentionally titled "Primerica Scam" with nothing else. Because I feel like I need to do some sort of public service announcement. And hopefully I can save one person from falling into the trap I almost did when they search on "Primerica Scam" like I did.
As most of you know, I'm looking for work. In recent months the effort is increasing at an increasing rate (or so I told Professor Joe over the phone when he asked). Since my resume is online I get semi-frequent calls and emails. Most of the calls and virtually all of the emails are off target (I'm sure I won't have the energy to write about them tonight, but hopefully I'll get to them soon. They're amusing).
So, onto Primerica. "Primerica Financial Services, a wholly owned subsidiary of Citigroup, is headquartered in Duluth, Georgia. It is the largest financial services marketing organization in North America, with more than 100,000 licensed independent representatives." That sounds reasonable, right? Citigroup is the parent organization. I can deal with that. In fact, getting a little bit of financial background would be nice.
The conversation went something like this (I'm leaving out lots of pieces because I don't feel like writing all night):
Recruiter: Are you looking for work?
Me: Yes.
Recruiter: Great. I'm with Primerica. Are you familiar with Primerica?
Me: No.
Recruiter: Primerica is a wholly owned subsidiary of Citigroup... blah, blah, blah.... And we already have 15 offices here in Orange County. We're looking to expand to 45 offices. We need managers for the additional offices and that's why I've called you. Would that be something that would interest you?
Me: (Actually kind of flattered but very, very skeptical)... Well, sure.
Recruiter: Tell me a little bit about your previous job....
Me: I was working with... (at this point I know the dude has completely zoned out, at which point I ask him)... Before I get into the details, are you familiar with the IT industry?
Recruiter: Me? Well, no. Sorry.
Me: (Realizing that this seems really strange)... Do you have my resume in front of you?
Recruiter: No. You were given to me by our "Regional Vice President". He was very impressed with your resume and passed your information along.
Me: (I'm probably the only idiot who really thinks, "Wow. This could really be a great opportunity for me. I wonder who this Regional Vice President is. And I wonder what on my resume really stood out.) I probably said something here, but I don't remember and I don't want to make up any more of the details than I already am.
Recruiter: Well, I've been very impressed with you so far. We would like to bring you in for an office interview. We're located in Santa Ana. We have openings (he rattled off a bunch of times over the next few days all an hour apart). Would you be interested?
Me: (I'm still an idiot here and I'm flattered. It's also a short drive from where I live and I have nothing else to do.) The 3pm slot tomorrow works great for me.
He proceeds to give me directions and his cell phone number and that's that.
Alright. I have an interview. That's good. It could be a new opportunity in a new field. That's also good. The phone conversation still didn't seem quite right, almost like the guy was overly eager to get me into his office. Especially since I didn't really talk a whole lot about myself and, regardless of what I said, he was thrilled with the answer.
I wanted to be prepared for the interview, so I research the company. The first result is their website, as you would expect. Then I check out Wikipedia (which isn't always accurate, but it might give a little different insight). I find out that Primerica is a Multi-Level Marketing company.
What's a Multi-Level Marketing company? It's a Pyramid Scheme. So I continue with my searching, wondering what search terms I should use to get more information on a potential pyramid scheme. I've got to either confirm or deny this, right? If you have Google Toolbar on your browser, you'll know what I'm talking about - I started entering "Primerica" and they give you a list of the most common searches with whatever you've already entered. Fourth on the list... "Primerica Scam". Bingo.
The first search result was key - Here it is. This guy went through the same thing I was about to. And as far as the "Regional Vice President" liking my resume? "In Primerica, you are not a Regional Vice President for the company itself. These people are independent agents at which they are at the Regional Vice President level."
The following morning I was unsure whether I should just cancel the interview or not. I wasn't thinking about going for the normal reasons, like I had already committed and am obligated to go or that this might be different than what I was reading online. I wanted to go because I was bored. And I wanted to just mess with this dude. Not in a mean way. But in a way that I would ask the exact questions that he wouldn't want to answer. And I would keep asking until I got an answer to my satisfaction. At around noon, I started looking up local news channels, thinking that maybe they could give me a hidden camera and we could "out" Primerica and what they're all about. Long story short, my mom talked me out of it. And I left the guy a voicemail. It was something real simple like, "I'm calling to let you know that I need to cancel today's interview. I did some research on Primerica and it's not the direction I want for my career. Thank you for your time and the opportunity. Best of luck to you."
So that's that. My apologies to the thousands of people that make their living with Primerica. This post isn't intended for you. This post is to be informative for people like me who are looking for work and have their resume online. You may very well get a similar phone call. And I hope that this post will help better inform you of what's in store. As always, your input is welcome, whether it be a story like mine or a defense of Primerica.
1,182 comments:
«Oldest ‹Older 801 – 1000 of 1182 Newer› Newest»Dave,
You seem like an intelligent person. I am curious if you knew the following about Primerica products & the business opportunity:
Products:
1. Primerica life premiums are some of the highest term premiums in the country. Your RVP likes to compare cash value to term, but in a term to term world Primerica is the most expensive almost 100% of the time.
2. Primerica life insurance is the only company in the US I know off that only guarantees their premiums for 20yrs. So you sell a friend/family a 30yr term the premiums are only guaranteed for 20yrs. Now your RVP will tell you not to worry about that, but why are they the only company to do that?
3. Primerica has the lowest temrinal illness rider in the industry that I know of.
4. Primerica has horrible conversion for the spouse should the primary insured die or they get divorced.
(This is just life insurance & I can go on & on... the point is Primerica offers the least competitive term insurance in the country)
Business Opportunity
1. Primerica's pay is mediocre at best. Even the RVP contract is a joke. You might think $100k is a lot, but anyone in this industry can make six figures selling better and cheaper products to their clients.
2. Primerica charges for stuff that everyone else does for free. That $25 per month adds up when you look at the entire sales force! It's just another money maker for Primerica.
3. Primerica "fines" you $25 for every lapsed, NTO'd, and declined policy. (I'm fine on the lapsed, but come on when someone is declined)
4. Primerica is the only company that does not pay their reps on ratings. Another major rip off for the reps.
5. You have no E&O insurance. (This is HUGE!)
The point is Primerica is a recruit mill. If you want to be the guy churning people to come in sell crap then leave you can make a living. (I did) Sooner or later though you will want to do the right thing 100% of the time and see Primerica for what it is. 100% of the time a client is better off shopping around than dealing with Primerica.
I recieved a call about this also and you know you don't want it called a scam, then the person should tell you the name of the person that gave them the phone number. And i personally being disabled would have loved have had a job that brought in more income so that i could take care of my son properly cause his father sure as crap won't. But now that i have done my research (5 different sites in cluding the home site) i don't agree with this job at all.
commision??? sounds like you should find a permanate job first then look into doing somthing like this on the side I am sorry to say i am not impressed at all and feel as thought i was taken advantage of i literally almost cried cause i thought here is my big chance to bring in some money with out putting my self completely in a wheelchair. WRONG.
anyone having a bad experience with anything such as grocery stores, banks, real estate, car dealership are always being bad mouthed. its not the company, the just seem to hired ppl with poor attitudes.
its up to you to take a risk in whatever in life. you can try something and if you dont like it and its not for you, then its not for you simple as that. your not force to stay in it and just quit. its like any other job you apply for if you dont like, you dont like it. find something else.
im not with primerica ,but i do have a mind of my own. im just doing my research and seeing both sides.
No, Primerica is Not a Scam. Simply because if it was they would not be in business for one and second they are publically traded in the NYSE under PRI, which is one of the most profitable stocks on the market. Also, Yes Primerica is indeed a Pyramid just like the following companies are as well... Walmart, McDonalds, Apple, Microsoft, Proctor and Gamble, Ford, Chevy, Kroger, Anthem, Humana, Speedway, US Bank and well even Hospitals. If you sit down and really think about it every Company in the World is a Pyramid Business. Our Military is a Pyramid, the White House is a Pyramid. I am a Primerica Partner of 2 years. We don't sell anything, so I don't know where that came from?? If a family is in need of Financial help then we are there to help, if not then thanks for your time, would you happen to know anyone who could use our help? I have heard every excuse to why people
quit but all in all they are just born Quitters and Lazy that is
why we look for Leaders and people who want to succeed
there goals in life. And for those who think they quit, you are wrong. You just got cut. Just like Pursuit of Happiness. Out of 50 potential canidates, we will only keep 2% of those who are above the rest. So I apologize to those who did get cut. Just because the Gym is packed does not mean everyone made the team. Well I guess I will go back to replacing whole life crap now.
I am a Broker for Remax. Just like the previous poster explained. The person with the most Licenced Agents makes the most money. The same goes with my industry. We are also a Pyramid. That's another reason why Primerica is the Largest Company in the World and well plus they do what's right 100% of the time! Unlike us, we just want to sell as many houses as we can no matter how the families future looks in the long run. I could care less if they go bankrupt.
I agree, I am a Senior Director for Western Southern Life. I don't give a crap if I screw people over with Whole Life as long as I am making a good profit! I was stopped by a Primerica Agent 14 years ago, I ended up canceling my interview with him so I could work here. I wish I didn't blow that opportunity by but I did and look where I ended up. He makes 400% more then I do. I am a complete Scam Artist. Besides, Primerica has replaced 95% of my policies with Term which sucks for me. Now I am broke because of them... Hmmm.., Maybe they will help me as a Client?
Wow!!! You people are crazy!!! You are the reason for the saying 95% of the people in this world have the right to remain stupid. You just don't get it, I am not employed with primerica but I do know enough about them to tell you they are on there way to fortune 10. I have not seen a company who has had such a Success as that company. I did some research on them, but not by Google. I used third parties such as Wall Street, USA Today, CNN, NY Times. Because that is what a wise person would have done.
Well that's not obvious that the same Primerica idiot posted the last 3 posts! LMAO!
Why don't you kool-aid drinkers answer the real questions and address the real points. There are only 2 reasons....
1. is that you are so uneducated in the financial services industry and your own product knowledge that you can't.
2. you know everything I have posted is true and want to avoid addressing the posts.
Either way you loose. Keep following the hype and selling crap to your family & friends! (This isn't about cash value, it's about term vs term)
Here's the points so you geniuses don't have to scroll up.
Products:
1. Primerica life premiums are some of the highest term premiums in the country. Your RVP likes to compare cash value to term, but in a term to term world Primerica is the most expensive almost 100% of the time.
2. Primerica life insurance is the only company in the US I know off that only guarantees their premiums for 20yrs. So you sell a friend/family a 30yr term the premiums are only guaranteed for 20yrs. Now your RVP will tell you not to worry about that, but why are they the only company to do that?
3. Primerica has the lowest temrinal illness rider in the industry that I know of.
4. Primerica has horrible conversion for the spouse should the primary insured die or they get divorced.
(This is just life insurance & I can go on & on... the point is Primerica offers the least competitive term insurance in the country)
Business Opportunity
1. Primerica's pay is mediocre at best. Even the RVP contract is a joke. You might think $100k is a lot, but anyone in this industry can make six figures selling better and cheaper products to their clients.
2. Primerica charges for stuff that everyone else does for free. That $25 per month adds up when you look at the entire sales force! It's just another money maker for Primerica.
3. Primerica "fines" you $25 for every lapsed, NTO'd, and declined policy. (I'm fine on the lapsed, but come on when someone is declined)
4. Primerica is the only company that does not pay their reps on ratings. Another major rip off for the reps.
5. You have no E&O insurance. (This is HUGE!)
The point is Primerica is a recruit mill. If you want to be the guy churning people to come in sell crap then leave you can make a living. (I did) Sooner or later though you will want to do the right thing 100% of the time and see Primerica for what it is. 100% of the time a client is better off shopping around than dealing with Primerica.
I like all of the positive things that people explain about PFS Inc. Especially this person....Primerica is NOT a scam, it's not a Pyramid Scheme, or even a cult. It's a real company that utilizes a multiple commission structure like Realestate,Car sales, Mutual Fund brokerages/Financial services. Virtually any sales force is structured in this way. This is absolutely a true statement and I applaud who ever posted it. What most people don't understand is that there are to types of people in this world... 1. People who have a JOB and settle for less, meaning they are fine with having a Boss tell them what to do and surround there life with there Job. 2. Then there are those who understand a PFS opportunity and have the Business owner mindset. It is proven by Virginia State University that only 6% of people in the world have this type of mindset and are typically the wealthiest in the world. They understand that your life evolves around your work and not the opposite. I don't understand why people who think they know so much about Primerica bash on such a Successful company. But then again, 94% of the world have the right to remain stupid. If you don't understand something then just don't say anything because it just puts you in the croud who look like complete idiots. Also, don't take advice from someone who don't have what you want. If McDonalds had the choice to get rid of you or pay for there electric bill, what do you think is more important to them. Well I can answer that... there going to can your ass. That's the difference between a Employee and a Business Owner. I am not bashing on employees because if everyone was a Business owner, the world would be worse off. So let me give a huge Thank you for the people who make my empire grow.,. I'd throw you a piece of candy but I just got done eating the rest while I sit here in Italy retired. But again thanks, I will send you a postcard!
SVP@26,
First off I find it humorous that you claim to be a retired SVP. How funny! First off anyone who understands Primerica understands the likelihood of you being retired as a SVP is nearly impossible. Of course we would love to hear you tell you who you are and we will be able to verify it. Since you probably do not want to mention your name just post your solution number. It will be very easy for us to verify that without violating your privacy.
Now it is also convenient that that you do not address the products and business model statements. The truth is that even if you are telling the truth what is your average income of all of your contractors? Also how do you feel representing a company (the only one i know of) that sells 25,30,35yr that is only guaranteed for 20yrs.
See you can ramble on & on, but the truth is that if you are a SVP the only way you can become successful is to continue to run your recruiting mill. Get people in, sell them expensive & uncompetitive products, get into their warm market and do the same, maybe recruit one of their friends/family, and do all of this before they wise up and realize you are selling a the sizzle not the flank steak.
Now the reality is that you're probably the same idiot who has posted the past 4 posts always claiming to be someone else. Keep tricking yourself that you are working for the greatest company in the world while selling some of the crappiest term insurance, mediocre mutual funds, horrible annuities, most expensive prepaid legal, more expensive credit monitoring, and everything else on the market! Yea be very proud that you are out there over charging people and selling them crap. Congrats!
For those doing their research call Primerica Home Office in Duluth GA. They will not lie to you like this idiot and the other Primerica reps that will say or do anything to sell you a product.
Those of you who think that you have security by getting a job, ask any number of people right now who have been downsized just prior to retirement recently. Is that job security? Is renting a home or is buying a home better? Obviously owning because you have equity built into it and will have something to show for it when you go to sell it. Jobs are the same way - why do you want to rent your life to your job? Will you have anything to show for it? Retirement from a job is becoming nostalgic because of the economy. What's the owner of the company doing while you're making him richer by working all the hours you are told to work for the pay that you are told you'll get? How does that make you feel? Corporate America is a "pyramid" - you have low level, mid level, upper level, vp, president, ceo, c.o.o., etc. That's no different than owning your own business which is what Primerica has to offer. It is not a pyramid scheme. It is set up more like a real estate brokerage. Yes you do have to work hard - but not as hard as you do by helping the owner of your company get richer!
To the anonymous poster above this post:
Another Primerica cult member posts without providing any facts. You do not own your Primerica business! If anyone tells you that they are LYING!
Now let's assume you do obtain ownership rights. (Which is very difficult and a very few RVPs have owenership).... those RVPs who have ownership it means next to nothing. Primerica MUST approve any sell of your solution number, they can terminate you at any time and you loose your ownership (per the RVP contract), and the value of your "business" is based on what other RVPs are willing to pay.
My NSD tried to sell his business to his upline SNSD. He was making $150k a year in securities residuals, but NO ONE in the company would even pay $300k for it. That's right!!! Don't believe the hype. They understnad that in the securities industry you expect a 60% loss of clients when the Register Rep leaves the industry.
So stop spewing the convention talk you hear at your meetings. The facts do not fit so neatly into the kool aid cup they give you at the meetings.
I went there today for an interview. I thought it was funny that the recruiter wanted to meet a panera bread for an interview but I went anyways. I also thought that it was funny that he never told me the name of the company until the interview either, when he told me it was primerica, I knew I was probably wasting my time because a friend of mine told me that they were a pyramid type deal. Anyways its apparently completely commission based and pretty much have to work free at first and the red flag for me is that I have to pay for a background check. How can you expect to take a company seriously if they make you pay for that? Then they go on tho say that they will pay for your licenses which from reading the comments left on here is not entirely true. I'm sure they are a good company to do business with if you are incapable of managing your own debt, but not so good to work for.
I work with retirees on a daily basis and the most common change in coverage I make is from a Primerica policy to a whole or universal life policy. Nobodoy in this business that places clients needs above sales comissions would even think to sell term life to someone over age 65. This is an accepted practice at Primerica. In fact, I have yet to run across a whole or U-life that was underwritten by this company. I can testify that after reviewing thier past sales, they could be paid the compliment of ethically unsound.
Greetings to all.
I just performed a google search on real estate scams and car salesman scams, since I have read that Primerica representatives like to compare themselves to those kinds of organizations. I had to type the word "scam" just to see it pull up for the real estate and car sales sites. However, it popped up as the SECOND site when I typed in "P-R-I-M-E-R".
My point is this...I do not have to defend my job as a teacher. I do not hear real estate agents or car salesmen defending their jobs either. If you work for a company where people are CONSTANTLY questioning your legitimacy...then it is probably the wrong place to work. Furthermore, I have never had a real estate agent OR a car salesman recruit me to work for them either. No, this does not mean that I can not "think outside the box" and that I am attached to a time-clock, it simply means that I chose not to associate myself with an organization that is WIDELY KNOWN for recruiting people to work "under you." (And yes, all organizations RECRUIT people, they just do it to further sell their product, not JUST to gain $$$ based on how quickly they can get others to sign up...)
I didn't even know that they sold insurance. Probably because they focus more on selling people.
Thanks. This was a fair and balanced report.
Wow I'm reading these posts and don't know what to think. I don't know about anyone here but I have run into a racist cop not once but twice does that mean I shouldn't call 911 for services or continue in my law enforcement career... NO This is the truth about any business, church, association, or any thing that has to do with people... there are going to be some that do right and some that do wrong. The question you should ask yourself is what are you going to do. If you want to make a difference you do it right and make some money in the process. You can only control you. If you order a pizza from Papa Johns and the delivery person is a snob do you stop ordering from Papa Johns. I know that sounds trivial but thats whats happening everyday. Pastors mess up all the time should you stop believing in God. Lets get real people. If you have talked to an agent or have knowledge of what primerica does then I know you at least got your finances straight... If not you lost not the agent or the company. Just like Papa Johns give me the pizza and get on your way.
And honestly lets do some real research and go to sites like the better business bureau, financial magazines, financial guru's like Dave Ramsey, Susie Orsman and stop going to your friend who has a hummer but nothing put away for their future.
Thank you for reading God bless
Joe Ensor, I hope thats your real name and not copying the name of a great primerica individual that is deceased now (RIP).
1. I know you talked about insurance rates being high but you didnt tell people what goes into those prices like guaranteed insurability, war clause, and lower priced renewals. I wonder why?
2. All life insurance is guaranteed for 20 years. If you read the policies that talk about being guaranteed for 25, 30, 35 you will see a little but powerful word called "IF". That IF could be any number of things. Primerica has it too. Watch for it.
3. Since most companies dont have a terminal illness clause it is hard to compare the ones that "you know of"
4. Spousal conversion is horrible. Hope they work on that.
On the business opportunity side. Man I was a cop in the air force for 7 years and I can tell you it isn't anything like the video they show you in the recruiters office. However, I will tell you it was the most futile, political, good ole boy, remarkable, and rewarding things I have ever done. I gave all I had and took all I needed. In one of your posts you spoke about your NSD upline trying to sell his securities business that was producing about 150k a year. I dont know about you but 150k a year is alot of money so I cant believe you are against Primerica's business opportunity. Please I would like to know your thoughts.
Hi guys, I came to this link to find out about Primerica and what it stands for. Just to clarify something, the model that is presented by them in terms of being and independent insurance agent is the same model used by companies like AFLAC, Pre Paid Legal services and many life insurance companies. Why? Because instead of focusing millions of dollars in hit and miss advertisements through media they provide people to become self employed and use word of mouth which is more affective than any commercial you'll ever see. Thats why companies like this can function. Last year Primerica payed out over 100 million dollars in insurance claims. The people are receiving the services that they are paying for. I don't believe scams are run to spend money on those they aim to cheat. If Primerica is a scam because of its business strategy does that mean AFLAC is too? Check the AFLAC website click on the independent insurance agent link and call the number and see for yourself. Or do you trust them because of the cute white feathery duck?! Do your research! I always say if someone can convince to do something based on their words someone else can convince you out of it, but facts always speak for themselves! Its a legal license with a legal company. By the way I told my Recruiter I had no money to invest in classes or materials and he fronted the cash. Those basters!(sarcastic) Also I was called in by a aflac regional sales coordinator and I had to pay for classes and he was located in a beautiful office building where companies rent out spaces. There are companies that purchase buildings to then rent out spaces. Its more affordable! I really do believe that commonsense is no longer common...
Taking Down ---> RAS <---
Was up with it ?? Something strange and funky with that company don't you think? So I was posted up the block in Van Nuys just kicking it. Then I went home, some random lady just came up to me said "Hey are you looking for a job ?? Are you 18 ??" I said yes like a retard. so i went this Saturday and there place look like a seen from a porno shot. there office looked shady. They gave me there information and all it sounded good but then there like " so what we need from you is to pay $99 for background checks" its like wtf . then you guys are not a real job. so i left !
Where to start.... Okay my girlfriend works at mcdonalds,we are college students, she was on break, and this lady comes to her asking if she wants a new job blah blah blah, and if my girlfriend knew anyone else who was lookin. So currently i was looking for a new job, and my girlfriend gave her my number, so later on, i get a call from her, she tells me what they were about, blah blah, i ask her questions, but she doesnt answer them, at all, very vauge, soo she tells me to come in for an interview at 6:45,(i was exicted cause it was an interview), But when i showed up into the office... it wasnt really an office, just a room with rock music playing and 10 other people... So now im kinda suspecting this is a scam, i go into seminar thing with three other people, and they give us a power point which was total bullshit, things just didnt add up, and so i was asking questions, i merely asked, where do you get the clients from, and they shott right back at me, telling me to be quiet, trying to insult my intellect, and pressed on that i should leave, and dont need to be here.. Being that i was curious of what was going on here, i stayed, and when i tried to ask more questions, i was COMPLETELY INGNORED. So after it was over, we had to go to a private session, they didnt pick me first, so seeing all of this and deciding it was complete bullshit, i left... My girlfriend also had an interview with this woman to see if it was better then her job she has now.. So after i told what happened, she polietly told the woman that she wasnt interested, but thanks anyway. The woman responds and i quote "If i was your mother i would tell you to date someone with balls" Unbelivable, at this point im pissed off that she would have the nerve, and how disrespectful is that for a 50 year woman to say that to a 20 year old? So i fire right back, and completely destory her cause most of those people dont even have a college education, and i specificaaly said that if she texts her again im filling a police report for harrasing, after that, 6 hours later, she texts her again saying i was rude and disruptive at the meeting, and that her daughter dated someone like me, and her husband and her knew better, and all of this other creepy shit, This isnt a legimate business, these people are the scum of the earth, dont be fooled when the say they are highly rated by the BBB, THOSE ARENT GOVERNMENT ORG. You pay them to say good things.... Soo just a warning... This was a bad experince.
To the anonymous Prior Air Force poster.
Please check your facts... you have been listening the convention talk for so long you believe the BS they are telling you. I will point out your errors in order.
1. No carriers have "War Clauses" and haven't for nearly 2 decades. Please tell me one that does. (this is another lie your RVP tells you) . All term insurance I know of offers guaranteed insurability (most through conversion if you need it), and as for renewals have seen no significant difference in renewal rates. Especially when you consider the client is paying 30-70% more initial.
2. That is a lie. I can name a dozen carries that offer a FULL 30 yr guaranteed term. Don't believe the BS your RVP is telling you.
3. All carriers I know offer terminal illness. Primerica has the worse terminal illness of all major term carriers I know of.
4. We agree!
As for my old NSD he was getting older and sick. He knew he would not be able to pass that on to the family because Securities clients typically moved (large accounts) when the RR leaves. So he tried to sell it... it didn't work.
As for the business opportunity.. I am not against it I am against the misleading of clients & recruits. Just based on your response alone I know 100% that you have been misled by your Primerica "trainers". It is not your fault, but do a little digging you will be amazed how unethical your PFS "buddies" have been.
Nothing I say is a lie and can be verified by simply calling Primerica Corporate directly.
I wish you the best of luck on your journey to find the truth. (Should you actually take it... trust me one day you will regardless if it is now or later)
PS - Yes that is my name & no I am not related to that man. If you actually knew the type of man he was you would not think so highly of him.
Just want to share my experience with this company:
So I'm about to graduate college so i posted my resume in all the job sites out there. A few weeks back I got a voicemail, it was somebody saying he "" did financial services and that he had a position available at his office. He did not mention he was from Primerica. So I called him back and he was waaaay excited about my interest in the position. He seemed fixated on getting me in for and "interview" So I set a time to meet with him.
When I made it out to their office I was greeted and given an "application" this single page app just had me put in my basic info and my "top five references" I didn't think much of it so I filled it up.
The actual "interview" was a joke, this guy was basically selling me insurance and this position as a producer. The real kicker was when he said if I wanted to pay with check or debit. That's when I told him I was not interested in a position where i had to pay money to work. He proceeded to continue the sales pitch. So I walked out and said thanks but no thanks.
The following weeks this guy bombarded me with calls and voicemails even text messages! He pissed me off but I remained civil and explained that with my education I was not interested in working on commission based.
However, a few days ago this guy text message me saying he had appointment with one of my references and he wanted me out there so i could learned the business! The nerve of this guy, what a sleazy bastard. I called him and told him off.
I then had the embarrassing task of calling up my references and asking them if they had been called. One of them said she did and that the guy used my name to convince her to let him in her home!
I will not generalize for the whole company but BEWARE!!! I would think twice before trusting any of these guys. This guy and his office are worst than used cars sales people.
Lesson learned.
Thanks for the heads-up. I am an undergrad and JUST received a call from these douches some 15 minutes ago. I'd like to spend my life working an honest job and not being butt-buddies with Bernie Madoff in prison. Thanks for the heads-up. Much appreciated.
So let me get this straight. You assumed this company is a scam and decided to blog about it not even knowing for sure?? You didnt even go to the interview! Your blog is about how you were too lazy to go on an interview because you convinced yourself it was a scam. Remind me NEVER to read any of your blogs. I know for a fact you dont know what your talking about becasue my sister works there and makes good money...idiot.
This might amuse you all. My favorite website had a post on the forums about a job op, but said they didn't want to misrepresent the company and so wouldn't take questions via the thread responses. I was curious, and so gave him my phone number, and sure enough I got a call from a Robert Guilhoux, trying to set up an interview with someone (me) who is completely unqualified to be hired on as a financial adviser. He refused to answer my questions over the phone, so when he texted me the address (and made the appointment without my approval, I might add), I replied asking all the important questions - Company name? Job title? Job responsibilities? Will company pay to get me certified? What about the job - is it sales, cold calls? He answered all my questions up until sales, which is where he dodged me. So I started researching.
Oh but when I told him I'd done some research, he actually tried to tell me NOT to use Google. Uhm. Wtf? How about Bing? Nope, still not my kind of business. Yahoo? Nope. Haha.
I'm not saying this business model doesn't work for some. But I'm not a low, scum sucking, soul stealing, greedy ass who can do it. Sorry. I'm a single mom of a six year old special needs child. And I cannot afford to get paid 100% commission, with no base needs pay. My 80 hours a week to scrape minimum living wage would be better spent at MC DONALD'S.
"Well maybe you're just not suited for this line of work. I have 3 kids and my first year I made 28k." Do you realize how stupid you sound, Robert? 28k won't support ME properly, let alone my son and two of his friends as well. Nice try. Btw, teachers in Texas make more than you. And you KNOW how the Texas Senate is always going on about how little teachers make.
Nice try. Go find another sucker.
First of all, you can be bluntly called an IDIOT because you have been clearly misinformed by your own perspective and point of view of Primerica as a whole.
Primerica, if you were to do some actual statistical research instead of basing your opinion on biased perspective, has ZERO debt and bought itself out from Citigroup and has been a top 10 IPO when it has only been public for exactly one year.
Unlike other "agents" we do have a hierarchy & we are capable of being promoted. Unlike your JOB that you work from 9-5 with crap benefits that wont even exist 10 years from now, or your shitty boss that tells you to perform when he speaks, we get to be our own damn boss & get paid better than you do in two hours vs two weeks for you.
SOO for all the misinformed souls that THINK they know what they are saying but yet is an IDIOT, as previously mentioned, I'd strongly advise you rely your opinions and thoughts based on actual statistical or credited sources. SInce you all pretty much are idiots for checking blogspot.com, there is only a limited amount of hope for you.
So again some Primerica rep has the nerve to call someone an idiot and not using facts, but refuses to see the facts themselves. Typical Primerica rep.
You will notice they say nothing about the expensive & non-guaranteed life insurance, horrible terminal illness riders, etc..
Now let's look at the real facts.
In 2010 Primerica recruited 230,000 new recruits, yet by the end of the year their licensed ranks decreased and are still below 100k reps. They there selling of products declined. (less life insurance, less mortgages, less investments, etc)
So who is to blame? Well of course Primerica says it's the licensing tests fault. So since Primerica is notorious for recruiting idiots they have decided to try to get the licensing requirements lessened! LOVE IT!!! A company that says "LOWER THE BAR" so we can compete. Very funny.
Here's the link - http://www.bizjournals.com/atlanta/morning_call/2011/04/primerica-pushes-for-easier-insurance.html
Keep drinking the kool aid Primerica jokes! You're the only "idiots" who are falling for your cult talk.
Why do you Primerica reps insist on lying?
Primerica didn't buy itself away from Citi... that's a lie! Citigroup had been trying to sell PFS for years and no one would buy it. Eventually they needed to shed the company and opted for the IPO. Now Citi is trying to dump the remaining shares they own. Yep that sounds like a successful company!
Oh yea... what mortgages does Primerica sell? Who controls the existing book of business (leading up to the IPO) of Primerica's life sales? Oh yea... Let's look at where a large majority of the sales of the IPO stock came from - how many reps bought the stock?
I personally bought PRI, but I did so because I knew the system and how brainwashed reps would be. You will sell a product that is mediocre and expensive, you own the product, and refuse to accept any facts about the product. The reps are blindly loyal to a company that had little to no loyalty to them. (read your IBA)
It's sad how insane you fruitcakes are!
The thing is that you can't advance unless the person "above" you is advancing. My buddy was stuck at some level b/c his lazy "superior" was just living off his business. IT is a total scam. They get as many people in as they can, get their 99 dollars and 25 contacts. Once they have vultured that...youre of no use to them....
I've been in this company for less than month and made more money doing this. Than getting paid base income or hourly i was tired of all jobs i lost over many years i put that resume down and said I'm taking the chance for (Primerica) i always wanted to be my own boss i'm making my dreams come true no matter what ppl say about primerica........ I'm also tired of being told you gotta have this expierence to do this job as a Cashier/Cook/Security/Mechanic/Enginering/ and getting bossed around by these dumm mother fukers that didnt even go to college to do anything what there doing know there a lowed of crap all my previous jobs that I've had and one more thing people that keeps writing shit about this company try it out before you write shit about i think ppl that talk are so lazy and boring all you could do is write shit and Not DO anything LMFAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Its interesting to me that society has gotten people so stuck into the mentality that you need to have a "Good, Secure job that has benefits" in order to live a secure lifestyle.
Truth of the matter folks is there is no such thing as a "Good, Secure job" anymore and if any of you have an opinion against that I challenge you to find me any industry that isn't currently downsizing, restructuring, or trying some way or another to make overall operating costs go down.
What Primerica offers middle income America which accounts for roughly 90% of the population is the opportunity to go into business for themselves and make the kind of income that they want to make.
If you haven't read the book "Rich Dad; Poor Dad" by Robert Kiyosaki i strongly suggest you pick up a copy and read it cover to cover. What he teaches in this book is simply that it is impossible to generate actual "Wealth" as an employee. That in order to become "Wealthy" you need to explore other avenues.
That's exactly what we do, we provide everyone assuming a clean record the opportunity to go into business for themselves with very little start up costs, all while allowing you the ability to keep your job just in case it doesn't work out.
As far as the credibility of our agents, we are doing business in one of the most highly regulated industries. (Financial Services)
In order for our agents to become fully licensed we need to hold 6 individual licenses on the state and federal levels. We also need to have passed both a state and federal background check. You would want to know that the person you are ensuring your financial future to wasn't at some point a convicted felon wouldn't you?
For our credentials, yes we pretty much allow anyone as long as they have a clean record give our company a try and see if they can make a career out of the financial services industry. Who's to say that you, or your brother, or anyone in your family cant do financial services? The industry at its roots really isn't that difficult to understand. The truth of the matter is that the industry has made itself this extremely confusing and albeit taboo subject so that the large firms ie: Merill Lynch, Goldman Sachs, Edward Jones can "Advise" you on what to do with "Your" money because its just too "Complicated" for the average joe off the streets to figure out on their own.
As for the products and services we offer, I can honestly say seeming as I personally own every product and service we offer, there is no other company that offers as much value in the products and services provided for the amount that is charged PERIOD!
If you are familiar with TV/Radio personalities Suze Orman and Dave Ramsey take a look at the financial products they advise people to get and compare them to the products that Primerica offers. You will find that they preach what our company has been preaching since 1977.
I hope this sheds some light to clear up the "Scam" that is Primerica.
I got a call from them. I started to sign up with them, but what one of the reasons I changed my mind besided the "commision only" is when I found out that the commision was on 50%. My dad sells life insurance and he said that the going rate for commision on life insurance is 80%. I figured I could just go work where my dad works if that was the case.
Wow, more than 800 comments already! That's fantastic. Insurance is such an important facet of our global economy, a licensed or credentialed agent can tell you that. Now a short story. Years ago, a group of Swedish red heads landed Plymouth Rock expecting to prosper – escaping persecution, and cultural genocide – and the promises made by great men, like George Washington, promises that enabled freedom; thus empowering these very cute red heads (I mean Swedish women are hot). Upon arriving they discovered that America was still very male centric under the jurisdiction of Great Britain. The system was patriarchal. Many of these women resorted to thievery and prostitution – remember the ‘cat house’. They discovered that going to a formal university would not matter. So one very cute red head in rags and mud on her face rose, and said to the others, ‘Us Swedish women must stick together. This is a man’s world, and these men have used our bodies, thrown us in jail, and made us feel like dirt. No more, we will not have it.” The crowd of women grew, and she continued, “It doesn’t matter if we go to school to better ourselves we will never succeed, so I’ll teach you instead, but you have to give me $10, each of you.” One woman asked, “What will you teach us?” The woman in protest responded, “First the $10.” By now there were hundreds listening, and hundreds paid out their $10. That is when the woman in protest taught, and this is what she taught: “Go out and bring in as many Swedish women from those boats, and duplicate what I have done, teach them what I have just taught you.” Eventually, these women grew and had to migrate west; thus Avon and Mary Kay. This is a pyramid scam; however, these companies are legit, and utilize MLM. All insurance companies do, the difference is there is no commish for bringing in a new recruit just the promise of overrides. Okay, can you tell the difference now between Pyramid schemes and MLM. I have a marketing degree, if Primerica is a scam so is every insurance company from domestic to alien. Before an insurance company can become an agency for example, there must be recruiting. One NY Life gurro made his millions recruiting. Anyway. I hope this helped. I should publish that story. O’ Primerica is very lucrative and an A+ BBB company.
You Primerica reps still avoid facts. Primerica isn't a scam and anyone says it is is an idiot too.
That being said let's look at products. Compare then decide.
Primerica life:
- Expensive (30% - 70% more than other term ins by other equally rated companies)
- Premiums not guaranteed after 20yrs. So regardless what length of term you buy it is only guaranteed for 20yrs. Other major term companies guarantees them for the entire term you buy. Primerica is the ONLY company I know of that does this.
- Minimal terminal illness rider. (Primerica has the lowest terminal illness rider I have found. Don't let you agent lie to you that most companies make you pay for this rider. EVERY CARRIER offers it and Primerica's is the lowest of any company I know of)
So you pay more money for a less quality product sold to you by someone who knows little to nothing about finances.
Shop around and you will find out Primerica is always the most expensive and worse choice for your family. Primerica reps are conditioned to believe they do the right job 100% of the time, but it is never the right job for the client.
Wow,
Thank you!
Just received a phone call from these people for the second time in two weeks. I've told them I am uninterested but just agreed to a 2 PM meeting tomorrow which I plan on cancelling after reading this. Funny how my phone call was just about word-for-word with yours.
As a well-educated college student I definitely feel like this job is far too open-ended for myself or any other smart individual.
For all who have defended Primerica good for you, stay strong and go win!!! For all of you weak minded people who are stealing others dreams shame on you. Primerica offers a vehicle to make dreams come true, no where can you find where we offer people money for no work. You make zero dollars if you don't help people and unlimited opportunity if you are willing to help many. The opportunity is not a job, yet it is the opportunity to build a business that continues to pay you for the work you put in today! If you are considering Primerica look past this silly blog and check with the Better Business Bureau, or A. M. Best.
Another Primerica rep above running their mouth while not addressing the facts.
Yea go out & make money selling crappy products to your family & friends. Someday you will realize you short changed your family & your friends so you can make a few dollars.
100% of the time a client can find better and cheaper products. Primerica was a great company at one time, but is one of the most mediocre and expensive term carriers out there. Add to that idiots who know nothing about the industry (like the person above & every other Primerica rep) and you can see why so many people hate Primerica.
Keep drinking the kool-aid. I know it's so sweet!
People that fall for this crap are gullible and easily influenced I'm a kid and I'm still smarter then this, people wake up if its to good to be true it is, it frustrates me that people allow themselves to get brain washed go get a nine to five to support your families don't make them suffer for your stupidity -_-
Primerica isn't for everyone.
It takes good work ethic.
It's not get rich quick, but it is get paid for your worth.
But we encourage nay-sayers.
Someone has to be making our food when we work long days and eat out.
Someone has to be at the bank cashing our checks. :)
It's not about the money we make here.
That's why you all failed.
God, Family, Business.
Keep your glass ceiling jobs.
Primerica is for those who want to do right, and let them get paid for their worth.
Hey poster above,
Since you say it's God, Family, Business & that it's not about making money can you clear up a few things for me.
Why does Primerica have:
* one of the most expensive term products on the market?
* the only term insurance whose premium is only guaranteed for 20yrs. (So those 25,30,35 yr terms are worthless)
* the worst spousal conversion in all of the term insurance companies.
* the lowest terminal illness riders of any of the major term insurance carriers?
I could go on and on, but you (like every other Primerica drone) has been brainwashed and will not except the facts.
To those of you actually reading this blog you will see Primerica reps continue to repeat the same brainwashed statements.
"Not everyone is destined for success" "You are a loser if you chose not to work with Primerica" "Primerica does what's right" "Primerica is a the greatest company ever" etc... All of it is utter BS.
The facts speak completely different. If you go out and shop around you will see the truth.
Compare term to term insurance & Primerica will loose 100% of the time. Not only in cost, but in terminal illness rider, conversions, etc.
Compare 30yr fixed rate loan with Primerica 30yr fixed rate loan Primerica will loose 100% of the time. Primerica loans (actually CitiMortgage) are littered with fees. Now compare the loan the Primerica drone presented to you to a CitiMortgage loan you can call and get yourself. You will be shocked how much more expensive the Primerica version is!!! How do Primerica reps explain that?
Compare another Variable Annuity (VA) to the Primerica's Prime Elite 4 (ran through Metlife) you will see how expensive the Prime Elite 4 is. NOw call MetLife directly and compare one of their VAs... Funny how you will get better products with a fraction of the cost directly through Metlife!
If you consider Prpaid Legal vs Primerica Legal Protection (which is underwritten by Prepaid Legal) you will see that you get a fraction of the benefits with Primerica compared to going directly to Prepaid legal!
These are just a few examples that Primerica reps refuse to see.
100% of the time if you buy a Primerica product you are getting an expensive and inferior product compared to what you could have had if you shopped around.
Don't believe anything anyone on this blog (or other blogs) say!!! Do your own research and you will see your Primerica rep is a clueless clown who is no different than a vacuum cleaner salesman peddling products like they do in Amway.
Being brainwashed is a powerful thing! Just look at these guys!
To this date, this is the biggest scam blog i've ever come across. I received a called from someone today about my resume and I asked him which company he was representing. When he said Primerica, I said no thanks and he said I guess you don't like to make a lot of money. I used to see a truck in my neighbor hood with a huge sign that read Primerica is a scam. If someone takes that much effort to say something is a scam I will listen. I have been in sales for over 5 years and i've seen pay checks over 20k a month. Those who make at least 10k month are the 1% and those are the same people I wouldn't trust a penny with. If you have common sense, anything that sounds to good to be true is 99% lie. 1% possibility isn't worth your time. Know your odds and if you want to hit the jackpot, try to get a government job LMAO.
wow - there are skeptics out there! Honestly, there are tons of valid MLM organizations - Avon, MaryKay, Tupperware, Miche Bag - any home based business builds on network contacts - how about insurance salesmen, realestate salesmen - MLM is the strongest form of advertising. This doesn't mean Primearica is the greatest but just being an MLM doesn't make it bad.... they are actually selling a service and product. The scams are those that just sign people up to try and get others to sign up - that's illegal. Those that try an MLM and fail, because their own ownership of the process failed (you do have to work the business) are the biggest complainers and right away use the 'scam' word to excuse their personal failure (has to be someone elses fault, right?).... there are lots of people who make MLM work - and don't think for a minute that the term 'networking' isn't an MLM!!! Every company is a pyramid - the head has 2 bosses, they have 3 managers, they have 5 staff - that do the work so that the top can make big $s. An MLM allows the whole stream to make some money -0f course,higher you are, more you make - but you are compensated for your efforts, no glass ceilings... wake up this is 2011! Yes, I'm in a successful MLM business - but I work at it, just as hard as any other job. It's up to you to think big, or think small..... enjoy
Thank you for this blog - i got a call yesterday and thought that this was going to be a great opportunity. Possible management position? It sounded amazing... Glad I don't have to lose a few hours at my current job now today thanks to you. This is definitely NOT the type of job-career lifestyle for me!
Thank you for posting this. I too just received a call from someone in this company. They would not specify which company "referenced" me, but vaguely told me they came across it through the same methods a headhunter uses (which I find interesting since I said I was unfamiliar with how they worked). I had to press to get any information about the company and for what position I would be hired.
Upon searching the internet I found this blog where the interaction was practically verbatim, skirting answers included. Thank you again for posting this information.
Everyone who is saying Primerica is a scam are idiots before taking advice from your broke friend research on credible resources like the better business bureau or AM best the worlds #1 rating system for all insurance companies. Anyways I've been in the company almost 3 yrs now I started at 19 now 22 and I made 5k last month helping these underserviced families I will be regional vice president by the beginning of the year making over a 6 figure income so when your master degree can give everyone an opportunity to deliver for their families then go ahead and crap on everything till then read a book about this industry and see how amazing my company is!!
Division leader ranching cucamonga
So Division Leader above,
A few quick questions.
1. How do you feel selling some of the most expensive and mediocre term insurance in the country? (Every major term carrier offers better products for the client in both price and bells & whistles.)
2. How do you feel working for a company that pays you the agent a fraction of the real commission? Even RVP pay is a joke!
3. How do you feel representing the only term company that doesn't guarantee their premium past 20yrs? (So on 25, 30, 35 yr term the premiums CAN go up)
So to be completely clear.... 100% of the time you could service your client better as an independent agent. Also 100% of the time you could make more money for your family. Also 100% of the time you can develop an agency structured liked Primerica to generate overrides.
I drank the Primerica kool-aid for almost 5 times the amount of time you were in Primerica. I won almost every incentive trip, spoke at two of the annual conventions, spoke on EPNtv, flown around the country to other fast start schools, etc...
If you are looking at Primerica as a MLM (Like Amway, Herbalife, etc) then you can make a fortune. If you are focused on help families financial Primerica is the absolute bottom of the barrel. The facts speak for themselves.
(There is a reason the Primerica philosophy is recruit & sell. This eliminates most people shopping around.)
I work as a car salesman and I love commission based pay. Im good with people and i make around 6k a month, but i have recently checked this out. Its multi level in a sence but not the way you think. The pay out a percentage to the guy that worked with the consumer. They also pay the person that recruited him but it doesnt charge the consumer or the salesman anything or take anyu more money out of there pocket. We have people at the dealership that dont make anything because they dont wanna work. I believe that if you work at primerica and have a strong work ethic you can succeed. Im about to go to a seminair and I dont have to pay for anything but helping with motel rooms and gas.
Primerica helped my grandma. She was putting back 60 a month and she was only going to have 8,000 when she died through there insurance. Primerica stepped in and now for 50 a month she has 30,000 to help when she passes.
Primerica is a scam folks. Do not fall for these good reviews. They are paying people to write them so that they can continue to scam people.
Here is how these awful people work. They go around to places usually college campuses and entice naive students with promises of big bucks and even post fake wages. For example one such poster said they pay $15 an hour, and another one said the job's annual salary is 20k a year. None of this is true.
First you have to pay them an upfront fee of $99. Then you have to pay $20 each month to use their shitty software. You do not get paid by the hour, only by how much you sell. Yes maybe there are a few lucky people who have struck it rich with them, but most people never make any money at all. How many people do you honestly know that will pay for their crappy overpriced insurance? (They ask you to try and get your friends and family into buying their overpriced crap, how nice is that?)
The Primerica scam is very similar to another one that has been plaguing college students for the past two decades known as Vector Marketing. For more information on these types of scams take a look at this webpage : http://thebottomline.as.ucsb.edu/2011/04/beware-of-campus-scams
Do not fall for all the good reviews on here. These people are scum and are being paid to write them. If you are approached by a Primerica insurance agent about a job, I suggest that you punch them in the face. They are the scum of the Earth and deserve to be treated as such.
Just remember, finding a job is not an easy process. A legitimate employer will never seek you out, you have to seek them out. If it's too good to be true, then it's a scam.
Well as the most skeptical person in the world. (You can't sell water to me in the desert) I decided to check out one of their "meetings". I listened to someone talk about living the dream and blah blah blah for about 45 min to an hour. After we filled out this paper about what interested us. I said whatever its free and jokingly marked looking for a part-time job, FNA etc. Well I ended up joining lol. I paid the $99 for my background check and state fees. I looked it up for my state and the license is $3000-$5000 to get so I figured hey if I dont like it I got a legit license and I can make money elsewhere. In the month I have been in I have made $600 which isn't bad considering I didnt do anything but watch someone talk to a family. So I liked bringing that little extra in and so does my expecting wife. She was able to shop for the baby. I think i'm going to stick with it, because really there is no limit to what you can make. But some people are just going to have the "poverty" mindset. I learned that if you want something different you'll have to do something different and the position i'm in(private school teacher) my wife is a teacher, new cars,student loans, wedding debt(been married 3 yrs june 22) AND a NEW baby due in Sept(our first) I had to do something different and I did. And its paying off. So the hell with the naysayers and to the people who really want a legit chance check it out! Its not hard, Its just WORK.
I have been with Primerica for 8 years. I DO have a college education.. I HAD a great career in law enforcement for over 13 years.. I was making $70k year as a cop. I have a wonderful wife and two small children whom I love very much. My household income between my wife and I was over $100K. Now I posted this info to let everyone know, I am NOT one of those people who fall for anythng and everything. I do diligent research with anything I am skeptical of.. BUT am open minded to great opportunities. When Primerica came to my attention I did my "RESEARCH" which included reading things on the internet. I thank GOD I had the mindset to be able to differentiate the BS from the truth. Make a long story short, I did join Primerica when it was $199 to join instead of $99. My monthly internet fee was $45 per month instead of the now $25 per month. I worked Primerica for 1 1/2 years before quitting my job and going with Primerica full time. 1 1/2 years working Primerica PART TIME, I made $74K! Today I am a Regional Vice President (it took me 18 months to acheive this position) and my family and I are enjoying our lives. It is too many to testify about on this blog about the numerous families I have been there financially either through this great opportunity or an unfortunate death. Primerica is a great company! So to those of you who are doing your so called "research" by taking advise from people who don't know what they are talking about (including those who "tried" Primerica, don't pay attention to them. Go plug in with the RVP from what ever office you are plugging into, allow them to train and mentor you, and your life will be changed..
Primerica PFS is a Pyramid just like every other organization example
McDonalds Corporation
|
Franchise-Franchise-Franchise
/\ /\ /\
EMPLOYEES EMPLOYEES EMPLOYEES
Or another example Stock owner, Ceo, manager, supervisor, then hrly employee
get the picture every company is a PYRAMID
if it was a SCAM then i dont think it would be the BEST IPO OF 2010 (google jim kramer primerica)who has a show on CNBC or how about this Warbug Pincus invested $230million dollars into the company when Primerica went independent on the NYSE 4/1/2010. so for all you bloggers out there i really wish you all could get your facts straight instead of beleiving someone who DIDNT EVEN GO TO THE APPOINTMENT but left a voice mail. Please STOP BEING P.O.O.R.
PASSING. OVER. OPPORTUNITIES. REPEATEDLY!
Excercise is good for you but not everybody does it because it takes hard work and discipline PRIMERICA is the same its not for everybody because some people are comfortible with being lazy and trading their time for money Example hours for chum change.
Are you going to stay poor or are you going to change your family tree you decide. if not stay at your J.O.B. Just over broke or Journey of the broke............ I'll See from the Top
Just from reading some of these comments (from both sides), I think I've got a decent idea of what's going on. Sure, it's not a normal job that most people are used to, it's a "business opportunity" (as some of you like to call it). But the problem is they are advertising as if it was a real/normal/whatever you want to call it/ job. People go in expecting something, because that is what they were led to believe in the phone calls. It's obvious they are going to get irritated when they find out it's not a job, but a "business opportunity".
I know this is a very old post, but I have read all of the post that have been put here by outsiders and insiders of Primerica. I just have one question from those who call it a scam and other such things... How do you feel now that Primerica is a publicly traded company on the New York Stock Exchange, which is highly regulated?
Dear Post above this post,
I will gladly answer your question if you will do the same for me.
How do you feel knowing Primerica Life insurance is some of the most expensive, mediocre terminal illness rider, and the ONLY TERM CARRIER that does not guarantee their term insurance past 20yrs?
-- So you sell 35yr term to Uncle Bob the premium is only guaranteed for 20yrs. Every other term carrier in the country offers a fully guaranteed premium!
Also Primerica in Canada is guaranteed for the full term, but not in the United States.
So before you repeat the talking points educate yourself on the industry. Someday you will learn Primerica is a joke and takes advantage of the recruiting system to sell crappy expensive products to the recruits warm market.
The truth is, when you get rid of all the hype, that 100% of the time the client is better off shopping around. Also 100% of the time the rep is better off representing another noncaptive company.
Look at the "RVP" (I am doubtful he is telling the truth) post above. It is filled with hype and convention talk. Whenever you add facts to the discussion Primericans can't stay in the fight. Numbers don't lie!
ALL sales jobs I have held had a base pay and your commission was in addition to that. Anything else is a scam, no matter what language you use. If you are spending your time to sell other people's products, you should be compensated for that time, regardless of performance. If your performance isn't up to standards, the company can let you go. But DO NOT work for free.
If Primerica is a scam I will take 2 please. Primerica helped me in so many ways I cant even begin to tell you. Not only that I have a problem with people attacking a company that pays me 6 figures for helping people financially and helping other people grow their business. Im sorry, you dont become the largest at anything without advertising, by doing the wrong thing by people!!!!!! Primerica is the reall deal. As far as this whole "pyramid scheme", why dont you take a look at your organization...... seriously or even your church. All begin to look like a pyramid eh? Well guess what you cant even get to the top of the pyramid you are working for. So thanks but like I said before if Primerica is a scam Ill take 2.
This is very good post, as others have posted. I was contacted by one of my clients in my current job that thought I would do well with Primerica. I attend the University of Washington and am getting my BA in Accounting so I was interested when she told me Primerica was a type of consulting firm.
After scheduling an appointment with her I realized it was a pyramid scheme. When I asked what this recruiter's credentials were she just told me her experience with Primerica. Later she admitted that she had no formal education and could not misrepresent herself as a financial adviser because that is illegal. Despite this admission, she constantly tried to make it seems like my education was not applicable in the real world. By working at Primerica though, I would learn real world experience that would guarantee me stable income.
At first this woman was very polite in explaining how they do business. Once she saw that I became disinterested she proceeded to try and give me the hard sell. Telling me how much money I could make if I begged my friends and told them that I needed their business otherwise I wouldn't make any money. Wow. I don't know about anyone else but begging one's friends is not really the line of work most people are interested in. Honestly manipulating your friends into signing up for these services is really not fair and borderline unethical.
Also, the recruiter during her hard sell was not forthright about why she was trying so hard to recruit me. It was only after I looked at their paperwork did I understand how much money a recruiter could make through the override system. The recruiters seem to rely on many people’s need for employment when honestly they make significant money by signing up people. If you are looking for a job, go somewhere else and do not let the recruiter smooth talk you into this business.
Primerica seems likes it is founded on a good idea and their employees feel they are doing the right thing. The actual nuts and bolts of the system though make it difficult for anyone to earn a decent living. Pure commission wages puts people in a hard position. Even if this company is trying to do the ethical thing, the earnings system creates an unhealthy environment that encourages employees to do anything for a sale.
I received a call, yesterday (2011-06-21) from a woman, saying that she have an opportunity for me, and she would like me to come in for an interview at their office for the role of being a leader/Trainer and she gave me their address and just said that its a financial company. I was curious because she didn't told me her name when she called first, i had to ask her before she hung up. Anyway i went for the interview and met with the interviewer, he/she was saying that I was the only person out of the 100 they have interviewed got an answer the same time after the interview which was (you are hired, come in for the seminar tomorrow evening or to the next one. My question are do you have to pay to join the company? Do you only work for commission? because they did not discuss how much they will be paying you
i know that pople are looking to better thier lives regarless of your situation. im not saying primerica is so everyone cause its really not. to some people it seems like a scheme and maybe its because you think its a get rich quick scheme or pyramid. but if you look at it from a bussiness side, most of us work for a pyramid, why? because unless your self imployeed your have someone above you that you have to report to, hate to break it to you but that is being part of a pyramid. im not defending the company but you really have to understand the way the company works in order to see how you will change your financial situation. if your looking to work with the company and you let people know most of the people you tell are going to tell you not to do it but look at where they are at and if you want to be where they are then do what they do but if you want to be better than they are then try it. remember that you have the choice to put the hours you want to put into your bussiness because at the end of the day your in bussiness for your self if you want to make 50,000 a year its up to you if you want to make and extra 100.00 a month its up to you. you get paid for what you do not for how many hours your there like at our regular jobs. and also remember that at the end of the day your helping families if that is something you like to do then at least its worth getting the right information.
LOOK PEOPLE. PRIMERICA IS A GREAT COMPANY. YOU MAY SAY THAT US REPRESENTAIVES THAT WORK FOR PRIMAERICA ARE BRAINWASHED AND THAT ITS A PYRAMID. BUT ANSWER THIS. ISNT ANY OTHER COMPANY OUT THERE A PYRAMID AS WELL?
YOU GUYS ARE OUT THERE LIKE IDIOTS BEING TAKEN ADVANTAGE OF. WHEN YOUR BOSS TELLS YOU HEY SO AND SO YOU GET A PROMOTION YOU HAVE TO DO THIS THIS AND THIS.. ITS NOT A PROMOTION BUT A DEMOTION. YOUR GETTING PAID THE SAME FRO MORE WORK. AND YOU LIKE AN IDIOT GET EXCITED. AT PRIMERICA I AM MY OWN BOSS. I SET MY OWN HOURS. AND THE FACT THAT WE GET PAID COMISSION BASED IS AWSOME BECAUSE I HAVE CONTROL OF MY INCOME. I CHOOSE WHAT I WANT TO EARN. I BET I EARN MORE MONEY THAN YOU LOSERS CAN AT A REGULAR JOB. PRIMERICA PROVIDES OPPORTUNITY FOR ANYBODY. IF YOU GUYS WANT TO TALK SMACK. GO TO AN OFFICE NEAR YOU AND ASK TO SEE AND RVP'S CHECK OR ANYBODY WHO WORKS IN THE OFFICE. THEY WILL SHOW YOU AND SHUT YOU UP FOR GOOD. AND FOR THOSE WHO TIRED PRIMERICA AND SAY ITS A SCAM. DID YOU EVER GET LICENSED? DID YOU ACTUALLY DO SOMETHING. CUZ YOU CANT EXPECT TO EARN MONEY BY JUST SITTING ON YOUR ASS ALL DAY DOING NOTHING?
YOU HAVE TO PUT EFFORT! DUH.
You cult members crack me up! I have read over and over people on this blog have posted legitimate issues with the primerica products and legitimate complaints about recruiting tactics.
I have NEVER seen a single Primerica rep address those. You guys are so brainwashed you can't see the facts that people bring to the table. It's scary those of you idiots who post actually are giving people advice.
I was unfortunately naive enough to sign into primerica. A guy came into the restaurant where i work as a host and started chatting me up, he asked me what I wanted to do with my future and if I had a financial plan for the future. I replied truthfully, "no".
He told me that he was in charge of recruiting new employees for a company that's expanding in my city.
He then proceeded to ask me for my number to set up an appointment.
I complied and the next day got a call for an interview that very same day.
"Boy these guys are real eager to recruit a 19 year old with hardly any work experience." I thought.
No matter, I'll check them out.
The guy who did the interview wasn't the same one who set up the appointment. It was some fast-talking RVP who left my head spinning and credit card information on the table.
The next day they came to my house and told me the basics of primerica.
Now, I'm young, not stupid.
He pushed me to write down the names of my contacts (friends, family, coworkers)
and had me ring them up and make appointments on the spot, with a script mind you.
I was uncomfortable and reluctant but made a few appointments.
Every morning we have a conference call that lasts about an hour.
Throughout the day, i'm bombarded with motivational text messages from different members.
I haven't had enough breathing space to even look into primerica.
Now that I am I regret ever being so naive and wasting my time on these morons.
I also forgot to mention that these "highly qualified agents" are just people who shelled out enough money to sit through a 1 week course.
1 week? Really? My f****** hairstylist went to school longer than that.
Furthermore, I've already gotten my family members to sign contracts as well for "plans".
Oppurtunity my ass.
This would be great opportunity, if my IQ were on par with my shoe size.
I will be inquiring the company about a refund, and will cease to answer the calls and stop going to the meetings.
Shame on all of you for these terrible recruiting methods, and vicious preying.
thx guys for the input i was gonna take a Day off to go there for an interview..i knew something was fishy about this company because no one offer you opportunity just like that most of the big insurance company located in manhattan..thnk you guys a lot for saving my time
I just started with Primerica & took the time to look into whether or not they are scam artists or not, in business you can be honest or dishonest with clients, I choose to sell what I believe in & sleep well at night,if you can help others get protection & financial security by HARD WORK on your part, THEN GO FOR IT. self employment is not for everyone,neither is sales,at my other Co I employ people to make me money..whats the difference between my Co & what I will be doing at Primerica? I have listened to some of the "sales" BS & its a choice how I do business, I am interested in people that I can help better themselves though recruiting & service of an excellent product, people that want what I have,not a get rich scheme, hard work & customer service makes a good business, not half truths & fast talking, if you have to fool people into doing a business then then you are a thief & you need to take a long hard look at yourself
I am a past Primerica rep. It was nothing but a positive experience, just not right for me at the time. People use the word scam too easily, I read this blog and decided to look into Primerica again (it's been 10 years since I was involved). They are listed on the NYSE and without getting into the numbers...are huge. They must be doing something right. Working for yourself isn't for everyone, but as a business owner, Primerica is one way to work for yourself but have a team of people helping you every step of the way. It's still work, nothing comes easy!
I just signed up the other day,only thing i had to pay for was some backround check or something which is 50 bucks..but aside from that they pay for your licensing and everything else
Hi I just went on an interview there. I was very skeptical because they would not tell me what the
job entailed. When I was in the waiting area I started
chatting with another person and the receptionist seemed to get annoyed that we were both wondering
if it was a scam. The receptionist interrupted our conversation to find out for the 4th time who we were there to see. She ran off to find someone to take care of us immediately. Just as I had thought it is a pyramid scheme, they want 6 reference that they use as leads to prey in. They flipped though a 3 index notebook and asked me how badly I wanted to be financially independent. They are targeting people that are desperately looking for employment. I over heard one of the interviews they were asking for a credit card or debit card so they can do a background check. If a company really wants to hire you the will pay for the background check. I walked out of there and told them I was not interested luckily I had looked them up on my phone as I was waiting. It seem fishy to me that they stated they were at the location for 7 years yet there was nothing with the name of the company on the door. Fly by night company. Be careful!
It's interesting enough that those who don't share the same ideas and liking for primerica with these primerica puppets become irate and disrespectful. Wow, talk about professional.
I also received a sales ( hope to get a check from you too ) call from a primerica ginny pig. As she TRIED to rant about her company I explained to her I would be doing research on the companies true credentials and would give her a call back. Not even 2 seconds after our conversation ended she started sending me links, almost trying to tell me where to look instead of allowing me to do my own research..... Red flag anyone? Lol. Now im sure some corporate freak will beg to differ and probably send me off to keep working my 9_5. But that alone, should be more than evident that its a " my way or the highway" type of pyramid scheme. And I didn't spend a dime figuring this out ;)
I went yesterday to one of these "interviews" and the area was so crappy it was a door behind a big building. And when I filled out my lil application they wanted to references! Who needs that many I had only put 2 and the guy asked me if I had anymore some nerve. Anyways later on that day I went to an orientation which was kind of weird all they really cared about was how much money they made. Oh 1 thing I forgot to mention the interviewer was surprised when I knew the company name like it was some big secret lol. So yeah they would go around talking to you and shaking your hand asking you who did you come with like I came by myself. Anyways after the orientation was over they asked who wanted to join and im not going to lie I was all for it but then they gave some paper work to fill out and expected me to pay 50 dollars I told them I don't have money and left. Well I am not going back especially after I looked more into the company. A bunch of b.s. And if your going to talk about my grammar screw you this isn't ENGLISH class
Primerica IS A SCAM. its A BAD COMPANY dont go there. Scams Scams scams
I wanted to mention somthing about Primerica. this company is legit. there is no scam about it. I started to try to work with these guys, the only problem I had is that I could not pass the state Insurance exam (which is only required for employment because it is REQUIRED BY MY STATE). I simply do not do well with tests and that is it. I know several people who do dwork for the company, it was a stranger who recruited me. I also knew several people who have had life insurance policies from them, and i have one myself. It is a great company, you just have to work hard to make your money. Yes there is a multi level marketing approach to it, but your income is based on commmission, just like anyother financial broker, insurance agent out there.
some things are meant for some people, some things are not, cleearly the people crying "scam" just found it did not work for them.
I think you guys opposed to the idea of Primerica are absolutely dumb and childish. Coming on here and bashing Primerica just because you all are gullible and will believe any piece of crap on the internet. If you can type in 'Primerica scam' then why can't you type in 'Primerica not a scam"....seriously if you've never sat down with a representative and looked at the hard facts then shut your mouth you foolish fools <----double fool because that's how foolish you are.
Primerica is a legit company. The biggest problem is their products. I am a financial planning major and i have no problems with their business strategy. They specialize in insurance and sales. If you have no fiduciary standard than go for it. The biggest problem is that you have to sell your clients Primerica products. Sure they can drop down debt of your client but if there is a better product on the market that can be more sufficient in protecting that client....than you should sell them that product. If you do not sell the primerica product, you get no commission on it. I have a friend who is really successful in Primerica and making tons of money and is supporting a family of 6. I cant do it because i do not feel like the products are sufficient in protection for clients when there can be better products out there. I basically do not believe in thier products so it would be hard for me to sell it to someone who needs that type of product.
Recruiting is the main aspect of Primerica. More you recruit, less you have to do and the more money rolls in. I remember going over numbers with my friend and for a start up individual, you can make 432 per debt product you sell. The regional Vice President makes 400 bucks by not lifting a finger. So eventually it will become more and more like a business. Referrals are used like advertisements.
I also suggest if people are going to jump in to this, is that they get some knowledge in building financial plans. You need to know that because how else are you going to analyze their debt and protection, not to mention correctly advise and plan for the client even though you are binded to sell primerica products.
If i have to hate Primerica about something, it would be the nature of the people abusing their system.
Since it is all commission based, people will see dollar signs. Middle America still gets screwed and they are not being protected enough as they should be or not being sold the correct product. Remember that your branch managers and the company itself takes a cut out of your commission. You never get the full amount.
All in all, primerica is a just a commissioned based financial services company trying to help out the people. its the PEOPLE who abuse the system that gives the company a bad profile.
Hello, I am currently attending meetings at the primerica in Irwindale. I have paid 50 dollars for my background check and will receive a 1100 dollar bonus at the end of my month of training. Atleast that is what I've been told. The thing is that the liscense is 1200. So that probably means I am going to have to spend another 100 for the liscence. I'm not gonna lie. Im terrified at how all this works but I cant help and be curious and try it out. I've done a bit of research and have seen that they are a legitamite company. What I am worried about is having the same story as the others that have not gained a cent. I look at the other guys and think, how is it that they have gotten where they are by this work alone? I feel like getting everyone's name and google-ing them. I am really really scared but I certainly hope that I become a success story and not a failure one. Wish me a lot of luck. And don't tell me how stupid I am because in the end I will know for myself and I am young and learning. Besides my school is being payed for and I can always be looking for a 9-5 job and try this little venture out.
Primerica is allot of work and you do have to put some money in to start with, however it is not allot. In order to work for them you have to obtain an Insurance License and if you chose to a securities license. Both licenses are paid for by the company. I paid $50 to the company and they have paid for all of my classes,books,and they are paying for my insurance exam. They also pay for it any extra times I have to take it, if I fail it. They have alos driven me to all of the appointments that I have set, so I don't have to spend extra money on gas. I have been there for two weeks and have already been promoted and have completed two transactions which have made me $130. It doesn't sound like allot but I spent maybe an hour total on both of those. I will take $130 an hour any day. I could've made more, but I'm not licensed yet and it is illegal to get money on insurance transactions. They company is held by many fedural regulations to insure that everything is done above board. In the time I have been there they have already been audited once. This is not a get rich kind of business it takes allot of hard work. It is also not a pyramid scheme because in a pyramid scheme you cannot get above the people you came on under. In this company I have already gotten above the girl who hired me. The people in the company are very nice and extremely helpful. The boss takes us out to dinner every week, and does alot of other things for us.
In response to one of the earlier posts, Primerica term life is not the most expensive. They also have terms that extend past 20 years. They offer 30 and 35 year terms. There rates are very competitive with other companies, of course they vary depending on the individual.
Okay, I am a rep for primerica, soon to be a senior rep, and making 35% commission within my first week of business with them. And all I have given up is a few hours of my time and 50.00 dollars for my licensing to become a life insurance salesman. This is far from a scam. I worked at walmart for a year and didn't get promoted one time in my whole time of being employed by any company including: the census bureau, a health insurance competitor, park city mtn. Resort, walmart, and a few more little fast food and grocery chains. And arguably, working for the census bureau is about as close a working for the "man" you can get. And after my assignment was over I was immediately kicked to the curb, with no offer of employment or anything. My point is... Once corporate america is done with you, they don't want you anymore, and youre handed off to the next of its "brothers".
And to the people who insist that this is a pyramid scheme, isnt every job some sort of pyramid layout? Mean you have entry level, supervisor, shift leader, assistant manager, manager, boss... Yadayadayada all the way up to ceo, vp, president. Now let me ask you how much of a chance do you ever have of becoming ceo or vp within a 20 year career? Little to none, thats how much of a chance. Primerica is challenging and thats why we attract out of the box thinkers, we dont recruit weak, empty hearted drones because we know you won't excell at this position. You have to be able to take getting blown off, treated as if you are " brain washed", and just straight treated like crap. and maybe deep down you steel feel this is a scam to make the rich wealthy, or recruit people to ruin their lives or whatever just remember to always always always get the facts straight before you start bashing on a perfectly reputable company... Maybe you should have researched the fact that financial services if the most controlled section of the government. And if primerica was a pyramid scheme or scam we would NOT still be in business, and we would not be listed in the public stock exchange.... and when you decide your life isnt going anywhere ten years from now... my name is casey leonard, and I will bring you to a meeting that WILL change your life and open your eyes.
I have been called on three separate occasions. I don't believe that it is a scam but it certainly isn't the direction I want to take my career right now. I am in recruiting and employee development and was interested when he first mentioned the opportunity to build a team. As a young father and family man I'm always eager (and a little to much so...) to improve our financial situation. However, I cannot depend on paying a company for the chance to earn commission. I know the Primerica system works because I've seen it but I did not appreciate being led to believe I would be working purely as a recruiting manager and developer. Not true. Can't bad-mouth them to much...people are making money.
Same types of responses from the Primerica reps here, so no need to beat a dead horse.
I will point out that any Primerica rep that says that Primerica life insurance policies (here in the United States) have guaranteed premiums past 20yrs they are lying!
End of story.
You will also notice Primerica reps never address the deceptive recruiting tactics.
PS - you can't work at walmart one week and 4 weeks later you are a financial expert! Get real and grow up!
I started making 50k a year right out of college as an accountant. I get a raise every year. I own multiple vehicles. I will make more in my lifetime than 90% of Primerica reps, excluding only that small fraction of people at the top who got in early and recruited everyone else.
Let me make this very clear. Primerica "employs" over 100,000 people. Man that sounds great. But that's awful for you if you work for Primerica. If their self-righteous claims of having over 5000 people making over $50,000 are true, that means 1/20 people make that amount. You realize that means you need to recruit another 1,900,000 people, and stay in the business at least as long as its been around, to be making that kind of money? You realize that's apporoximately 1/150 people in the United States? You know what that means for leads and referrals? There is NO POSSIBILITY of any new recruits ever making that kind of money, sorry. Those original 5,000 Primericans had great odds of recruiting more people. They were 1/60,000 of americans who worked there. Of course they're making money. Go to college, get your degree, and invest some time in yourself. You'll make some real money, at a real job. You'd have better odds creating your own company and stealing some recruits from Primerica.
look up anything on the internet! from disney to cars to hotels to plants! you are going to find probally a good group of people that say DONT GO TO DISNEY WORLD, ITS A HORRIBLE PLACE! if you are basing your ability for success off of someone else then you will never make it in this world. Opions are like ass holes everybody has one. What about all the people that work at Primerica and make 100,000 a year. If they would have gone to this blog and read what happend to the woman when she got a phone call and decided not to go then where would they be?
Ok you need to see someone else be successful in the company for you to belive in yourself. This guy i met with today started out with the company entry level just like anyone else. Now he makes 1 mil a year. He showed me the checks from the other reps that he gets a % from. 130,000.00, 900.00, 6,000. And thats what in three days!
All im sayin is what is the worst that could happen? you go part time, spend a little money, waste a little time, cut your losses and quit. But what is the best that could happen? You could be making 300,000 a year! I think the worst that could happen is a lot smaller than the best that could happen.
Brainwashed. Tell that to his Bugatti Veyron!
To all of those people who state that it must be a scam because you have to put money upfront!
You are right, it must be a scam. Just like that sell real estate scam; you know, the one where you have to pay about $1300 for your licensing before you can be certified to sell houses…….What a scam huh? Yea right, like you really need to pay to have a license for something. We all know that licenses are free regardless of what type it is; real estate, brokerage, insurance sales, driving…. THEY ARE ALL FREE!!!
Grow up! Nothing in this world is free. Primerica is a legitimate company and you need to be licensed to sell insurance. If you are skeptical, they will even let you check out a meeting or shadow a rep once or twice to help you make up your mind on whether or not it’s right for you. Don’t start screaming SCAM until you have dished out the $99 for a background check and license and given it a try. If you discover that it’s not for you and haven’t gotten your license yet, they will refund you the $70 licensing fee. I know this because my wife and I did it along with a couple of friends (friends who are still with Primerica and make a good living). It may take a year or two of sacrifice, but if you stick with it and stay positive, you can be successful with it. If after a month or so you realized it’s not for you; you just fill out a single simple refund form and they give you $70 buck back. The only thing they don’t refund is the background check, but they will give you a copy of it if you ask them.
First off let me apologize to those of you that had a bad first impression about Primerica. After reading some of the comments on here it looks as if the reps that you encountered really did not know what they were doing hence leaving you with a bad taste in your mouth. It doesn’t make Primerica a bad company, however it does not make us look good either and it creates objections for those that know what they are doing have to overcome. I also understand how a lot of you would be upset by deceptive recruiting tactics which by the way Primerica strongly prohibits. Primerica is a good company. If we were a scam we would not be in business for over 30yrs and we certainly would not be listed on the NYSE.(Ticker symbol:PRI) There are those in Primerica who understand the importance of training people CORRECTLY and those who just get a bunch of people and throw them against the wall and hope that they just do it and that is not how it works. Sales is not an easy business no matter who you work for or what product you sell. It takes time to learn the sales skills neccessary for success and if you listen to sales trainers like Tom Hopkins, Zig Ziglar, Brian Tracy, and Grant Cardone just to name a few. Then you can master learning how to sell without being pushy and overbearing. Primerica is a good company however just like any other company there are bad seeds who are in it for the money. When they figure out that you have to actually work for it they wash out. Not only that but in the insurance industry in general most agents don’t make it through the first 18 months. That’s just the numbers. This is not get rich quick!!! That is the irony of the free enterprise system, it’s not free you have to work for it however there is a difference between working hard and working smart! There is a PROCESS TO SUCCESS. Unfortunately there are people out there that want the product without the process. People are also concerned about the start up cost involved. Anytime you start a business there are always going to be start up cost involved and in most cases you’ll probably have to get a loan or get some investors to put up money as well as put together a business plan. In Primerica, if you’re working with the RIGHT people AND I STRESS RIGHT PEOPLE, who are skilled and can get results and conduct themselves in a professional manner without people being pushy and overbearing when they are in people’s home then you have a good chance for success. I’m just starting to make decent part-time income however too I took the time to learn the neccessary skills so I don’t come across as being pushy and overbearing. If I’m ever in someone’s home and I said or did something that made them upset or offended them I’d be shooting myself in the foot because the client would not refer me to anyone.
Seriously Primerica reps do you see how you people continue to repeat the same convention talk. You NEVER address facts.
Let's hit it straight forward:
* Primerica recruiting tactics are horrendous. Look at how many people are lied to. Anyone who doesn't tell the potential recruit that it is a MLM is lying.
* Products are expensive and no where near the best. (or even close)
* You don't own your business. That's right they lie about that too. Once you become a RVP you still don't own your business. Once you finally "earn" ownership that is a crock too. You can only sell your solution number to other Primerica reps and that's if they are willing to buy it. I have seen many SVPs & NSDs leave Primerica with no offers to buy their solution number.
* Worst terminal illness rider in the country. PERIOD.
* PFS reps are not trained they are conditioned. Look at how these guys continue to spew the same nonsense over and over. They are merely repeating their leader.
The point is Primerica isn't a scam, but the majority of their reps know little to nothing about finances. They sell expensive and uncompetitive products to their family & friends then quit.
If a Primerica rep is trying to recruit you tell them to show you their 1099-MISC from the previous year and watch the dancing begin. They will avoid showing you their income at all cost. Most reps make nothing to next to nothing. The truth is your Primerica buddy only focus is to sell and recruit to your warm market.
Look at all the uneducated Primerica reps who post here. They are laughable.
People like these folks are the reason Primerica is called a cult. They blindly defend a company they know next to nothing about. Sad, but funny!
Shop around you will always find better products and cheaper products then Primerica offers.
WOW!!! WELL I THINK THAT YOU GUYS HAVE NO LIFE!!! YOU GO BY WHAT THIS PERSON IS SAYING, EVERYTHING HE HAS SAID IS 100% FALSE, PRIMERICA HAS BEEN RATED NUMBER 1 IN THE BISS. INDUSTRY N WE HAVE BEEN RATED AN A+, WE HAVE ALOT OF HATERS I BET THE PERSON WHO POSTED THIS IS AN AGENT FOR ALLSTATE,STATE FARM ECT. GO TO GOOGLE N SEARCH TOP 10 WORST INSURANCE N YOULL SEE WHO IS THE WORST!!! SORRY YOU PEOPLE GET BRAINDWASHED BY THIS MORANS
!
^^^ Typical Primerica rep posting above!
See what happens when you hire anyone!
The caliber of Primerica reps never ceases to amaze me.
^^^ Typical Primerica rep posting above!
See what happens when you hire anyone!
The caliber of Primerica reps never ceases to amaze me.
Wow.. 890 comments about Primerica. This is an incredible company. But all of you are right in your own ways... Here's what I concluded from all th comments.
1) If you are those that can stay with a job and be abe to do exactly what the owner tells you to do whether you agree with it, disagree with it, can or can't tolerate it, or careless about it but will still do it any ways, or you do it because you chose to study into it.. by all means, continue with that job. Do what they say. Earn your income with the glass/invisible ceiling above you. Try for the promotions for higher pay and bigger titles.. see if you make it. Try all your efforts. Do what you can do or what your conscious is telling you to do. Do it all!!!!!!
2) You can continue to do that job, but lead your life and be an example to others by being an open minded person. Realize that their are more to life than just your job. Realize that the real YOU is the one who comes home to the comfort of your home and be that person that you are. Realize that you (at your job) is the superman or superwoman wearing the disguise until you clock out. Realize that there are people from all walks of life that needs opportunities. Primerica is a legit and federal & state license business that allows people to help others realize opportunities to do more than just what's in front or around them daily. Primerica also lives on the crusade of helping families to save and find the proper protection. Primerica accepts all people from all walks of life that CHOOSES to allow this company be a part of their lives and help their dreams and goals to be achieved. We do what's right, not hyped. That's why we've been around for so long & still rated A+. We have no competition because we don't do what's hyped.
When you start seeing how families are being helped, they thank you for seeing their lives change for the better, and you start seeing your life change.. then you know it's a true company who truly builds success for families and allows reps to do it at their own pace and time.
Those that don't make it.. talks crap about PFS. Those that don't even try.. talks crap. Those that don't want to realize that they need more than what they are currently doing.. or they can't face the they are already in need of help.. or can't take what others are saying.. will say what they have to say. They have every right to, but it's not about Primerica. It's about them and who they really are.
For this reason, if you enjoy what you are doing.. continue doing it. If you do but want more or don't enjoy what you are currently doing, then make Primerica a part of your life. They won't let you down unless you chose to. That's why it's an opportunity and not a J.O.B.
Primerica is changing my life and I am already making a good income from my J.O.B... With an open mind, know legit businesses, and a willingness to commit... my life has changed because of Primerica allowing me to have the flexibility to do it.
WILL YOU? CAN YOU?
I think the issue is not so much what Primerica is or isn't, but rather, how they approach people looking for a job. They come to you speaking of "interviews" and available "positions" you can interview for. Upon successfully interviewing and beginning your training, you are hit with the "oh yeah, you need to pay to get certified and actually make money". Sure, there are other types of work like realty, car sales and others that require that you pay for certification, but one knows that getting into it. You don't get random phone calls from Century 21 saying "we received your resume and would like to interview you for a position." People go into those jobs knowing what is required. Primerica relies completely on numbers. They have barely any requirements when applying. They have low, if any, standards when it comes to hiring new "employees". They may not be a scam company, but they sure present themselves like one by not being upfront and honest with people they interview. It's almost like they are trying to trick people into working for them.
You can really tell the people that are part of the 0.1% that actually make a living with Primerica. Primerica recruits 100,000 potential representatives each year, but the company only has 100,000 licensed reps. The potential to actually make money is extremly low. The commision level is one of the lowest in the industry becouse it is shared with so many levels of people above you. My wife left Primerica and moved to Parsonex, the commissions are higher, recruiting is never a priority, and there are many more Insurance companies available to help provide the best product for a client. Instead of just Primerica Insurance or a few Investment companies, they have dozens to choose from.
I started in Primerica a couple years ago when I was laid off. Most of the seminars are free, and it is a good company with which we have some of our finances wrapped up in, such as mortgage, IRA, etc. However, to be a rep. can be deceiving. When I made some commissions last fall I was not told that like 90% of it is paid up front, and if the people don't end up taking the physical, you end up paying the commission back!!! This happened to me: someone backed out of their life insurance policy, and I have been paying it back monthly (gagging as I write each check), so I feel totally deceived by the company. They should tell you up front what the "standard commission" is and if that is how you want your commission set up. I am still with the company, but it has left a very bitter taste in my mouth. If you are not totally into sales and a total entrepreneur, then it is not the career for you. Knowing this, it was impossible for me to recruit people, knowing how deceptive the people in Primerica can be. I can't lie to people and say it's a good way to make money, because for me, it was not a good deal. I'd rather go to an 8-5 job, have health benefits and know I am going to get paid every 2 weeks, not wonder if someone will backout of the life physical. Also, in trying to take a measly amount of money out of my checking account for my money market fund, they screwed that up, too, and tried to subtract a penalty from my money market!!! Luckily, I had someone fix that, but they act like they are perfect, but they make just as many mistakes as any bank would. Also the $25 per month for POL and the software is ripoff, especially when you are not doing any business. There are good things about PFS, but unfortunately, my experience wasn't so hot. Unless you belong to several groups (work, church, etc) you won't make it, as you have to first depend on your "warm market" and you have to love people and want to be around them all of the time.
Thank you got a call just like that today. I will cancel my so call interview.
Reading these comments, Ive figured this:
Those who thinks that Primerica is a scam are those who are content with just being comfortable and being told "what to do". For anyone who starts a business, there are start-up costs correct? Any person with common sense of a business model knows of this. And how do you think rich people become rich???? How do you think financially empowered people become that way. And please don't reply saying going to school and getting a degree because their are many people with degrees that are settling living check to check. The distinction is the drive, the will, the want to do better.
It's amazing to read how people were asked for money up front...what office did you go to? I didn't pay for anything except my classes and study materials and the state test...which is quite normal. I also work in the school system and I paid thousands for a BA and MS and paid hundreds for the NYS teacher exams...
Any company could be considered a pyramid...look at the school systems for example...students, teachers, vice principals, principals, superintendant, etc...
The amount of money you make with Primerica is the amount of time you put into it...unlike a lot of other jobs. If you work in a supermarket, you make min wage, no matter how hard you work. I work with teachers who are lazy and make more money than I do! Finally, a company that matches hard work and money! Wow - what a terrible scheme! I think many posters just saw the money part and didn't realize that you have to WORK for it! Gee, what a concept.
When I went to the meeings, everyone is so helpful and cheerful. If I need help with something, they are more than happy to bend over backwards for you.
I didn't have anyone calling my house or forcing me to do anything. And when I go out on my training sessions with real clients, we do not force anyone to buy anything! We just want to explain what the company does and what we can do for them. In fact, the FNA (Financial Needs Analysis) is FREE! Yes, FREE!!! Other companies provide FNA's for $500- $3000. Do you really need a company to tell you that you're in debt for $3000?! Our FNA's show you HOW to get out of debt and how to STAY out of debt.
To all those who say Primerica is a scam...you really need to do your research. I think you just want money to fall into your lap without working hard for it. Try opening your minds and being open to new opportunities, away from the 9-5 cubicle job.
To the poster above me,
You are just another primerica drone running off at the mouth with absolutely no knowledge of the industry.
First the FNA is a sales tool. Look at the first sentence on the disclosure page and you will see. "THIS IS NOT A FINANCIAL PLAN"... What it is is a sales tool designed to generate sales. It is skewed to generate business.
Now as for the products they are mediocre at best. Life is probably the worse term in the industry, mortgages are a joke, PLPP expensive, mutual funds heavily loaded, and to add on to that sold by people like you with no experience. Keep going to your meetings and listening to your RVP one day you will see the truth. Let's hope that is before one of your friends or family members die owning Primerica insurance when they could have gotten twice as much for the same price!
PS - Primerica is nothing more than another MLM. Dress it up however you want, but the posts here prove that Primerica continues to hire anyone with a pulse. You know nothing about the financial services industry, but act like an expert. Scary that people like you are giving people advice.
Hello everyone. Let me start by saying Primerica is the greatest business opportunity around. it gives the average person a chance to become a business owner with a small 99 dollar fee and has the potential to be a big success if you work it hard enough. alot of money can be made if you stay determined and focused. whats so great about this company is that it helps families get out of debt and sells products that people really need in this troubled economy. im happy to say that i am a financial advisor and my main objective is selling the average person freedom. if your interested in joining the business and being able to say that your an business owner email me nsmith.krwn5@primerica.com. see you at the top
my friend or idk anymore cuz what friend trys to scam you but i had an inerview to i just graduated from high school and was desperit for a job so wene my friend told me about this i though it would be great. i went they told me everything i wanted to hear and the asked for 100 dollers for a background check it sounded wierd so i called my Boyfriend infront of them cuz they said it was ok, and told him he new right away it was a scam but i told him to give it a chance cuz i really need the job .. but as soon as left the interview i felt scamed betrayed and stupid now tomorrow i have a meeting with them to start training. now do i go AND CONTINUE SENCE I ALL READY PAID OR DO I GET THE HEL OUT OF THERE -I AM ONLY 18 HAVE NO MONEY and no work experiance i hoping this workes out but i am not about to scam other for mybenifits
I just wanted to add my thoughts really quickly. I actually just joined Primerica. The gist I get, is that how well you do is completely up to you. You don't have a manager, or really a boss, it's just you. I have to say that the biggest thing that impressed me about it was the mindset! Everyone I talk to mention that the money is nice but the greatest thing about the job is that you help people. And everyone working says this at least four times. The company really is out there to help people, and it's not like it's just something they tell you to say and not mean it. They tell you that your main purpose is there to help people who are in financial trouble or don't understand their own policies.
I signed up for this thursday, it's now Sunday and already I've taken my life insurance class and finished it, and damn is the class real! This stuff is so dense! I now know more about insurance than I ever thought possible! Just the knowledge about insurance and how it all works and all the rules alone is worth the 99 bucks I paid for the background check! This is seriously legit, I now know at 22 everything I'll ever need to know about life insurance and retirement for the rest of my life! Hell even if I make no money at all from this, I'm already happy! About to schedule my licensing test now, wish me luck!
As of today, August 9, 2011, I received a call from Primerica. My resume is online through the New York Job Bank service so I'm guessing that's how they found me. I got the same little speech everyone else mentioned. I told the guy no thanks as I've heard these offers before. It's too much like Amway. Read the disclaimers on their website or the compensation section of wikipedia: "licensed Primerica agents, who are licensed in life insurance, each earned an average of $5,296 in compensation during 2010." That's peanuts folks and a pretty bad average. Better off with a job at McDonalds.
I've been in Primerica for about 7 months, and honestly the 1st month I made my $1100 bonus but after that it died for me because I wasn't taking too serious. I had quit my full time job to do this and I wasn't even licensed. Big mistake, I should've waited a little longer. However, I finally passed my state exam, and series 6, and started making some real good money. Primerica is not for everyone, you have to be open minded and willing to work hard. People assume investing $99 is going to make you a millionaire in a month, doesn't work like that. To make good money, you must work hard. Now to make extra money at your jobs, wouldn't you have to work OT? Only difference is, I can take off as many times as I want, and not have to worry about getting fired like many people with "regular JOBS" and I still make money when I'm away because I have built my business deep, not only that but I'm making more 2 weeks than I did a month in my full time job. I stuck it out, the hard times. Part of running a business.
Ive been workimg with primerica for about 2 months, and i love it.. The enviromentis amazing your sorrounded by awesome people.. Ive learned so much about finances thati never really worried about before.. The truth ive seen people grow in every aspect of their life, ive.seen people work hard and been awarded very generously. The thing when people dont succed at something their first instinct is to blame something else whether its the system or the people or the company never do they stop and think maybe its my fault. Most people wont work hard and its okay because the people who do will be rewarded. People around be are promoting and making more and more andmore money, if this is SUCH A SCAM then pleasei want them... The people who didnt give it a try i feel sorry for you because you really did miss out on an amazing oppourtunity.
Thank you for putting this post. I also received a similar call was contemplating showing up to the interview so I decided to do some research. I find it hard to dismiss online posts that are mass and similar. You were kind to the employees and thanks for not simply trash-talking the company, but explaining why you felt that way.
Seems like if it took ten minutes just to get through all these comments people would learn if it sounds too good to be true it is. My "interview" even came complete with a disclaimer not to believe what you read on the Internet about all the negative chatter on this company. An initial public offer on the stock exchange doesn't seem to change the facts the applicants provide names, phone numbers and emails when they attend. NEVER do this. No company with integrity would ask you to do this.
Kim Darnielle
Exactly. At my job, earlier this week, a representative came to me stating he's a new "VP" at an office and he has been doing interviews all week and loved my customer service would i like to set up an interview for another job opportunity. He asked what school i go to, coinsidentally other people he hired goes to my same school. Eager, I ignored all the signs. 1-he did disclose the company itself. So me excited to be able to make extra cash, we exchanged numbers. His supposed president then calls me later that day stating she recieved a text from her vp and we must meet. Ignoring the warning signs again, i asked her what does the job in tails and she rambled about high end customer service and they train their employers to be able to work with high end customer service blah blah blah....still had no clue of the company. She said to come for an interview Thursday night at 6:30-another warning sign-who has interviews at night. But me, being i had to work-it worked perfectly for me. I went to the "interview" and its likea confrence room with about 15 other interviewees. Strange. The same man then proceed to a slide show about the company and what you can make and being a self employer. I'm like okay sounds cool-but when they're going to explain what the job intails. His friend then come in and explains the advantages and having people work under you. Using the analogy of a broker, having realestate agents and you'll be in a broker like, VP position. Warning sign again! How im going to jump such high so fast. Long story short- 2 hours into this "interview" he throws in we must speak to the person tht referred us and pay a $100 fee to get a liscence to pitch financial goals and $25 a month if he wants primerica to manage your business online. I looked around and suprisingly many of the people in the room was falling for this pitch. As soon as he said that said-SCAM and this definately not a real job! First off, they would hire anyone who is gullable enough to pay them $100. They hiding other fees. Of course, the guy who recruit you is going to get a peice of your profit. Plus, he's getting money for every person he brought into this meeting. Personally, I'm an avid believer and not selling yourself short and any job opportunity offered should not come with an price attatched to it. If the employer of the company like s you enough to hire the company itself has to pay for any certificates, liscences, or tests. That's with any job: security, models, agents. If a job off the bat, first day ask for money 99% its a scam. There's a lot of these scams offering job opportunities, especially in this government time. Be careful. Know your worth.
Primerica is a great company. All so called employers have a level based struture. For those of you that think Primerica is a SCAM...Then what is RealEstate because it works the same way. And FYI you have to be licensed with the state that you live in to do insurance and financial services so yes there is a little up front cost. I mean look at McDonalds and Dairy Queen and other fast food industry's they require you to pay for your uniform out of your first check. Other companies require you to pay for your background check and other fees. So what is so wrong with a snall fee that can give you back so much more. Get out of your "Square Box" thinking and see the real WORLD.
Wow, I never really thought that people would really veiw the company in this light. If people only knew that the founder of the company didn't even start this company for money. His parents got taken advantage of like many Americans who don't have a background in financial services. All our company stands for is helping the average consumer establish a plan to have a fighting chance to retire on time with more money and less debt. Until they get the savings they need, they purchase life insurance so their love ones can keep the same standard of living if something were to happen from a "bread winner" passing away. Some of the people representing our company should be ashamed of themselves for lowering their level of professionalism to argue with people who are making snap judgments on limited information. Our company is not a pyramid because I made more money than the gentlman who recruited me last month. And the only reason is because I out worked him and helped more families. I have a smaller contract than him and still made more money. Also with this company you have the choice to recruit no one if you choose. You can decide to be a lone financial services agent and take on the world if you would like to. For individuals who would like to experience the same type of freedom as an owner of a McDonalds you can build a team of agents that you get overides on. Business owners build a system just like McDonalds so they can have income coming in without having to physically be there. Our company charges fees to join because in order for them to sort through the serious individuals and the people that have a hard time with self dicipline, they make you pay for your background check and the licensing class. One thing that the people who join and quit don't realize that if they stick it out and pass the test for their state and get licensed, our company actually reimbuses them the licensing cost. It's a graet way to weed out the people who are just going to waste your time because the company then pays for you to become investement licenced,after you meet the qualifications. I do apologize if anyone has felt misinformed, but just like any company, I'm sure there are people that work at your job, that if given the opportunity to make that call, you would not have hired them either. One thing that's consitent across the board is that people are inconsitant. Its no way for every person involved with our company to build their business exactly the same. Even at peoples jobs they have managers they hate and ones they love because the leadership styles are different. I have been very fortunate to be a part of a great office who takes excellent care of the clients as well as people who are interested in trying out our business part time to see if it is for them. You truly have the opportunity to work as much or as little as you like here, and because you voluntarily submitted your own application, and are a sub-contracted agent with the company, you can never be fired. Poeple have every resource available to be successful in this business, no one is going to force them to seek it out.
So this is from my experience with Primerica. About a year and a half ago I was invited to Primerica and they charged $150 a month to be a part of thier program. All they wanted me to do is pay pay pay. They didn't help me out at all. Just not long ago I get a call from a different office. I told them I wasn't interested and told them I didn't want to pay $150 a month for it and they guy told me that he believed that it was another "company" scamming me and told me that they don't charge $150 month and that was a scam. I went in yesterday applied with this other Primerica and unlike the other one they pay for the liscenses the others charged me for it. This one said that they were regulated by the government and I had to do a background check. I have a couple of things on my record and I just had to give them the papers for the stuff saving that I took care of it.
So this is from my experience with Primerica. About a year and a half ago I was invited to Primerica and they charged $150 a month to be a part of thier program. All they wanted me to do is pay pay pay. They didn't help me out at all. Just not long ago I get a call from a different office. I told them I wasn't interested and told them I didn't want to pay $150 a month for it and they guy told me that he believed that it was another "company" scamming me and told me that they don't charge $150 month and that was a scam. I went in yesterday applied with this other Primerica and unlike the other one they pay for the liscenses the others charged me for it. This one said that they were regulated by the government and I had to do a background check. I have a couple of things on my record and I just had to give them the papers for the stuff saving that I took care of it.
Surprisingly, I met one of these Primerica sales reps on the city bus earlier today.
I'm very happy that I decided to research this because, for a second, I was swindled. I'm not in a good financial situation at all and when I even mentioned this, she just smiled and looked away and said nothing further to me.
At first, she even OFFERED to come get me from my home to attend this meeting on Saturday- a whole day from now- and even cited that she'll pick me up first because (and she made it seem like)my house is on the way to pick up another girl... In Chatam. which is clear across and out of town.
I was suspicious then, really. I instantly thought she was maybe one of those people off of Deadly Women on Investigation Discovery. I then asked her for her name and she refused to give her last name- weird.
I pressed on, asking what she does exactly; where the place was and why she was so eager to hire every civilian on the bus. She says, "I'm in a terrific mood. I just got promoted to Manager and I just made $500 bucks just last month!" And then she made side remarks about how she's worked five jobs since she had this job and how her kids were doing far better than she was.
Hardly reason to be happy. So, of course, all this made me skeptical.
She conned another handsome gentleman and he walked off the bus like the happiest camper saying, "You couldn't have come at a better time."
Another thing, if this Premerica is so great, why was this woman on the bus as a manager and why is she working five other jobs as well?
And how does she plan on picking me and a stranger up if she was riding the bus to begin with (Tf, if she has a car why isn't she driving it? .. She's REALLY trying to sale her shit, isn't she?).
Idk, Premerica.. Get your shit together.
When you define job (i.e anything a person is expected or obliged to do; duty; responsibility for agreed work price), this is scarcely it. In order to live you have to pay for your expenses and dishing out money month after month and not even receiving a promised rate income isn't, and never will be my idea of work. It's the dumbest shit I ever heard. The hell would anyone who is already in debt add on another payment...
Ugh.
Like I said: Get it together.
Well hello to a wealth of new information. I met a rep from Primerica at a job fair i went to and i actually have an interview in a hour. I can't cancel it so I'll let you know how it goes lol. WISH ME LUCK
Hi,Ive been with this company for 7 months now and I will say all the talk about scam just does not make sence, I've met the best people working with this company,I've learned things that have helped me grow as a person, being a single mom was the reason I hesitated to start doing this but I went for it anyhow and now I do not have to worry about how I will raise my children,and give them a life they deserve,even my two boys want to start working with me when they turn 18, so for all you people who have been misinformed I'm truly sorry u will never know the kind of life this company can give you,so while your still living pay check to pay check, all of us here at primerica will enjoy a stress free life...
Apparently a couple of my coworkers are working with Primerica. One has been doing it for a couple of months, one just started and gave the guy my name. I have an appointment tomorrow but I've been skeptical from the start. No one would tell me what the "job" actually was, and asking aobut pay just got me "it pays really well!" I'll go tomorrow, but I definitely have my guard up! I was looking for something to get me AWAY from the shitty minimum wage job I have, not keep me in it so I can still pay my bills while I'm trying to make money.
Hi, I'm an agent of Primerica and we are different than you state on your blog. I respect your opinion but last year in 2010 PFS went public and we are no longer under Citigroup. Our main focus is to help families save money or make money while helping people and get to make more money than anywhere. If anyone is interested in possibly making 1000+ a month in about less than 3 hours of work or you want to save on insurance and you live near Colton, CA send me an email at ltlstinger@yahoo.com or a message on facebook my name is Tyler Gastinger and we can talk more and can arrange a meeting to save you money on house, life, auto insurance or loans or to watch and help with your debt. Also if anyone is interested in a career with Primerica whether its part-time or full-time and your motivated and a sharp person contact me i can help you there as well, keep in mind we are not asking you to quit your jobs, but after awhile in the company you can make enough to quit your job if you please. By the way I'm 19 but, I do know what I'm talking about when it comes to Primerica.
Hi, I'm an agent of Primerica and we are different than you state on your blog. I respect your opinion but last year in 2010 PFS went public and we are no longer under Citigroup. Our main focus is to help families save money or make money while helping people and get to make more money than anywhere. If anyone is interested in possibly making 1000+ a month in about less than 3 hours of work or you want to save on insurance and you live near Colton, CA send me an email at ltlstinger@yahoo.com or a message on facebook my name is Tyler Gastinger and we can talk more and can arrange a meeting to save you money on house, life, auto insurance or loans or to watch and help with your debt. Also if anyone is interested in a career with Primerica whether its part-time or full-time and your motivated and a sharp person contact me i can help you there as well, keep in mind we are not asking you to quit your jobs, but after awhile in the company you can make enough to quit your job if you please. By the way I'm 19 but, I do know what I'm talking about when it comes to Primerica.
I'm probably wasting my breath, but i'll find someone who sincerely wants to know. I am a small business owner and own three offices in the city that I live in. I make 150,000 per year profit. My business is thriving and I love it. I have one problem that is difficult to overcome. My target market is the older generation, and right now many of those people are having a hard time making ends meet even in RETIREMENT. I just recently joined Primerica part time to see if the opportunity is legit so I can help people be ready for their retirement. Here is my advise to anyone looking for work:
If you want to work hourly. Do it. There is always opportunity to move up in any company. Just be aware that companies, no matter how long or loyal you are to a company, needs to make profit. If this means cutting your pay or even firing you to make that profit, then this will happen. No JOB is secure, which is why i am a business owner. I'm the last to go if everything is failing (knock on wood)
Primerica pays its agents on commission only. And from what I've seen it takes hard work to get involved and to be successful. The company asked me for $99 processing fee (that they will refund in full if you aren't interested) and that is all. Even if it wasn't, who cares, the company is not getting rich off of this $99. No overhead to start a business is this low. They pay for all of the licensing to allow you to be recognized and certified in the state you are working in. They have been accredited by the Better Business Bureau(BBB) since 1980 and are on the NYSE (PRI is the stock symbol) If primerica was truly a scam, credibility would be gone. As you can see, this company not only helps people and it also creates great income for people.
All you have to do is get involved and don't quit. Who cares if you make $100 the first month or $400 the second month. Go get an hourly job to help support yourself or your family if that's what you need. But I promise you, that if you stick with it, the money will come. No deceiving, no scamming, no cunning, just recruiting people who want to make some extra income that MAY turn into their main income. EVERY COMPANY RECRUITS. it's called, "advertising" Whether it be a sign in the front of the building or a post on craigslist! You are being RECRUITED to get hired. Primerica's advertisers (recruiters) are actual people in the business.
Again, I don't need this opportunity. My business is doing great. But Primerica gives me and my family the ability to grow and become excellent. How long will I stick with it? As long as it takes. I can only get better if I continue to work at it.
To all those who are unwilling to try, I say you will never make it to your dreams. And if you do, good for you, but the majority won't. ALL business owners (entrepreneurs) take risk. ALL entrepreneurs are WILLING to try for way more than 6 months before they find if it will work for them or not. 74% of the wealthy in America are entrepreneurs. Become a part of that. Primerica offers this, why not try?
As you all can see by the comments left by the pro-primerica blogger (and yes, they are all from the same person), the people at this scam company will be super nice to you if you are a potential dollar to them, but once they know they can not get any money from you, they put you down for punching a clock. Oh yes, working for a living is for suckers, just join them and you will be on easy street, but that street is paved with the discarded carcasses of those who are not savvy enough to realize they have been ensnared by a pyramid scheme. I have been to many of these types of meetings, and they are full of naive youngsters convinced that if they "recruit" enough people, they will sell for you and the dough will be avalanching in faster than you can handle it. It is a royal joke on the stupid and ignorant. They better be careful though, because stupid people can be dangerous when scammed...
Hello,
I'm sorry to say that your blog post does absolutely nothing for a person looking into this job. You didn't go to the interview, that's that. So who are you really trying to help in this situation?
I've read plenty comments, I see Primerica as an opportunity! I work on my 9-5, I can work for myself and this will work for me! I know it's not a get rich quick system, it will take time with hard work that will pay off for me. Going this week to pass the state exam! Life is what you make it, I will enjoy being my own boss!
So from what I looked up the company is legit. It seems to helps some people but seem like a scam to others. I went to a "interview" or informal meeting. Where they asked for a credibility list of contacts. So this sounded reasonable. So after the presentation, everything some like they were trying to sell me something rather than offer me a job. The only speakers were people who recently started working there saying how everyone wants more money. I knew this was a classic rally the people speech, but I was trying to give these people the benefit of the doubt. Yet the as more and more time passed I felt like I was in a situation where they get you to buy a time share condo. Anyway the last speaker was the head hancho in this office that just went on how he worked more than twenty years to finally make the big bucks and pointed out that's why he wore a huge gold ring. So by the end of the meeting I knew little on the company itself, and more on how much their services were "deals". Later on I hear they used the credibility list to contact my references to say I recommended them for jobs/services without my knowledge it would be used other than to check my credibility only. Which seems very unethical and questionably legal to me. Then again as they repeated constantly there are people who aren't right for Primerica. I just don't like an unstable job, with fees, and no benefits.
Really too bad you did not go to the interview and find out the truth about Primerica, one of the most successful companies in the history of American business.
Primerica agents lie and deceive people to churn commissions. Their agent stole my money and laundered it and Primerica covered it up. They are NOT a company to be trusted and that is speaking as a client who invested with them for over 7 years.
So these are my two cents on Primerica.
1.Primerica is by the standards of Pyramid schemes, a Pyramid scheme.
a. It is a pyramid scheme in that you are recruited and you will probably recruit your team and so forth and so forth.
b. Then your wage is completely commissioned base. You also get commission of your team's overall performance.
c. Primerica, although a MLM/Pyramid Scheme, is by no means illegitimate like the business in previous TV shows such as King of the Hill and married with Children. It does not require you to buy a product/supplies to "start your business."
2. Primerica is not a Scam
a. It is not a scam in that it takes your money away from you and does not give what was promised.
b. People can make tons of money.
c. "Insurance Class." you need to be certified. Do you expect them to pay for your class when you're welcome to come and go as you please? Do real estate agencies or even JP Morgan chase, pay for your Series 7 classes or CPA? The "Insurance Class" at Primerica prepares you for your test and pays for your test. IF you have your certification already, then you have no need for this service and should opt not to take it.
d. Primerica's business is doing your homework for you. They show you quotes of multiple companies (and if they do not they are using improper practices). If you're willing to shop around for insurance (this includes automobile, home, life) and create your financial plan for the next X amount of years, then you have no need for Primerica's services. If you can change your car breaks, you don't need to pay 129 dollars for coscto to do it either or 69 dollars to rotate your tires. (I personally do both myself) Point is if someone provides you a service, then you should pay for that service. Agreed?
3. Every company has bad eggs
a. That guy that called you in for an "interview" is a douche and he lied to you.
b. If that is what happened. Get his name/info, send this info to Primerica support/BBB, this many will not be allowed to use the name of Primerica very long.
c. The proper form of Primerica and the way it was intended is that you merely offer people an option.
d. Some people will cheat and lie. It's completely commissioned based and they will use cutthroat tactics the same as a car salesman, Sears employee, and especially real estate agents. Scum of society are scums.
If a Primerica/World Financial group etc etc member approaches you, try to figure out if they're scum or not. I'm optimistic and feel most people are quite honest. Remember that guy trying to "recruit" you doesn't get commissioned if you join his team, only if you "make a sale." He will do his best to train you so you can make money, because it is within his best interest. Can't say the same for many companies you probably see as legitimate.
i was with primerica, a senior vice president and can honestly say WORST EXPERIENCE OF MY LIFE , lost my wife, son, horrible times , it is worse than a pyramid scheme its a zionist dictatorship, its owned by citigroup, only the leadership profits, Do not join this failed company
Here's a tip to the Primerica guy trying to convince everyone it's not a scam; posting arrogant comments in a web forum is not an effective way to defend your company's reputation.
I was told the same as most of u and looking for a problem with the company! But if its a scam then where is the bad policies and where are the mad customers? I don't work for them yet but will if I can't find a customer that is mad because they ripped them off!
My experience from Primerica isn't from an employer/employee view it's from a consumer point of view. A rep from Primerica approached my hubby and I about life ins. Now we HAVE ins. but are always willing to look at ways of cutting the budget.
The rep took both of histories(mine was more complicated)and he stated that hubby could probably get"preferred" rate while I would be at a higher rate b/c of my history. At no time did he express concern on my elegbility on getting coverage.
Fast forward 2 months...I hear from the rep that I have been denied, but hubby accepted at the "preferred" rate. The NEXT day, hubby receives a letter and check from PFS for a "refund due to HIS OVER PAYING on HIS premium! Not b/c I was denied..HE over paid! This was the end of September...I contacted PFS in Ga. and was told a letter for the reason for the denial would be coming in 7-10 business days...well here we are SEVERAL days past the 7-10 day timeline and NO ONE seems to know WHY I was denied...and the rep insists that I was told "There is a good chance you won't be covered" Now this makes ZERO sense! Why would I agree to go through all the hoops just to be denied?!?
Whoever the Anonymous guy was at the top of this comments list, let me tell you something, little guy.
I went to one of these pyramid scheme interviews. I grilled the guy for 2 and a half hours. He kept trying to leave, I had more questions and I needed answers in order to consider the job. I was actually just trollin him, because I'm in school for physics. That means I'm not only smarter than you lemmings, but I also am already a pretty wealthy guy. You wanna know how you do it? Not my marketing. Not by investing, its by being creative, and inventive.
This company, Primerica, is a pyramid scheme, bottom line. Its employees are dogshit beggars looking for scraps. You get 25% commission starting out. 25 cents for every dollar, yet you will pretty much NEVER make a sale that is worth the fucking salt from the sweat you created while making that sale.
Primerica is a testament of overly ambitious manipulators trying to corral desperate people into doing their bidding for a nickel. If you work for primerica, you have no class, you are ignorant, and you don't deserve to kiss the soles of my fucking shoes. I'm going to do my rich guy strut on your fucking grave. Hah!
Rule of thumb everyone, if a company asks you to pay to work there, it is a scam. End of story. I like how Primerica paid off or threatened people in order to get them to redact negative statements. I'd like to see them pull that shit on me, my lawyer is half the reason I'm already fucking loaded. (PS There's money still in the patent industry)
It's true that this article isn't biased but everyone who is AGAINST primerica needs to research better. There are always going to be people out there who are trying to bash this promising company because they have either not FOLLOWED the righ procedures and are selfish or the company's advantage is their better work ethics than other financial companies, especially the bank. I was informed by one of my girls whose x's mother is a former banker and she informed my friend that THE BANK DOES THINGS WITH UR MONEY THAT U COULD BE DOING TO MAKE YOURSELF MONEY. True - Primerica is a revenue-generating organization, but FALSE do they scam people. This is a business, just like any other business, that has to remain financially balanced to continue operation. Primerica gives people a chance to own be their own managers, call their own shots and not sell products that last <10 years or even break in a couple months. Primerica makes sure you have life-long services dedicated to getting an individual that financial future they want, no matter if you're a client or an agent. My first primerica seminar blew me away, not because of the company's general information but because its TRUE education. The information they teach you is basically what you'd learn in accounting or finance classes for $2000! & they teach it to you for no cost! & they apply it in a much more beneficial way then school does?
If primerica is a scam - i guess its a scam to help people save thousands of dollars on their insurance. i guess its a scam to be able to deliver a death claim to the beneficiary so that the family doesnt lose their home. I guess its a scam to do a FREE financial needs analysis and educate people FOR FREE about the same thing college teaches or does NOT evennn teach you.i guess its a scam to be able to save a person thousands of dollars on their debt and have them be able to get a new car or game system for their kid. I guess its a scam to offer people the opportunity to own their own business for a much less cheaper price THAT GETS REFUNDED once you've shown the company you are capable of helping someone do at least ONE OF the above. I guess its a scam to be able get your check the VERY next day or couple days after a transaction, instead of weekly/biweekly, for doing something great for a family instead of getting paid the same rate hourly for BUSY WORK.
If you've "done research" on primerica and are convinced its a scam, CHECK YOUR RESOURCES. Wall Street Journal. Better Business Bureau. A.M.'s Best. According to idealogy, we are more prone to negative news than we are positive. Primerica is an opportunity that, yes seemed to good to be true in the beginning, but as a District Leader for about 3 months already, I have lived this unbelievable dream where I've gotten promoted my FIRST month, got licensed-approved BY THE STATE in 1 1/2 weeks, and been able to pay off my bills, while teaching not just people, but my own family the FACTS about today's market.
If you haven't been to a Primerica meeting, go to one. At least once. It's NOT an average company (and trust me, you don't wanna work in an average company anyways unles you like to settle.) But like everyone has said, its based on commission. & since you're an independent agent, its YOUR BUSINESS. Meaning.. YOUR CALL to take initiative & do the work or not. I promise, when that 1st check comes in, you'll feel good mentally from helping people and financially that 1st check.
honestly when people say Primerica is a "pyramid" - EVERY BUSINESS IS A PYRAMID. WHATS A PYRAMID? --> a system with a number of levels of positions that stack on top of each other. Apple started with one person - Steve. he had to hire people under him. Mcdonald's is a pyramid - the owner has the employees working for them and he/she doesn't even have 2 flip the burgers and they get paid more! Every business is a pyramid because you're getting hired for someone else. The only difference with Primerica and these traditional businesses ... is YOU ARE YOUR OWN BOSS. Yes, your recruiter gets paid on the sale you make. You get paid even more than he/she does compared to their share! And u can get promoted way faster than in any other company, because you're produced faster. Its on you. If you are a lazy individual who doesn't care about anyone else but yourself, its not the company for you. Primerica is full of good hearted people and every agent so far I've met, whether outside and inside of the offices, has SURPASSED my expectations.
I almost feel bad for all the ADULTS on here that actually feel that Primerica is a scam. Look I belive that we all make choices in life for better or worst, nobody is perfect. This is a business oppotunity not a 9-5 slave at the mill job. If you feel or think Primerica is not for you then pass it up and look for something more suited to your capabilities. People that succeed are leaders not followers and Primerica definately lets you know this. You will only be as successful as how much hard you work you are putting in. Primerica seems to center around people who will be committed to excelling. I work at a major retail company and its a salary position. For myself i dont even really need to work at Primerica, I'm just doing it to see if this is something that I will be interested in. I signed up and payed the $99 for the background check because i wanted too, not because I was duped into doing it. If this business was a scam then they would hve been shut down years ago, people are always scared to try new things because they have been programmed like robots through out their lives to be repetative. If your a leader challenge yourself, if your a follower then keep doing what your doing. Just stop complaining about your life and all the challenges you face. Nobody owes you nothing. People need to grow up and face the music. Its not about bashing a company but more looking in the mirror and telling yourself "why have I failed in my life?" too many haters on this blog, not enough optomistic leaders!!!!!!!
I HAVE BEEN TALKING TO A PRIMERICA EMPLOYEE...HE PLAYS A LOT OF GOLF...WHAT I AM CURIOUS ABOUT IS THE 10-12% INTEREST THEY SAY YOU CAN MAKE IN PRIMERICA INVESTMENTS...DOES ANYONE HAVE AN COMMENTS ON THIS..THEY ALSO SAY YOU NEVER LOSE YOUR MONEY LIKE STOCKS...YOU JUST DONT EARN THAT MONTH. IS THAT RIGHT?
My name is Robert. I Love God and well whatever company I work for I would like to know that the mission of the company, and the people that work there are for the good of our neighbors. with that said, the mission of Primerica actually sounds pretty positive, to balance out the tables of insurance. Whether that is the main mind set of each worker is something else though. After reading posts of those that work for primerica I have then learned that I want nothing to do with them. They all seem to have a "well Im better than you because of what job and direction I have chosen for my career" mindset. That is not humble, kind, loving, wise, or desirable to me what so ever.
Forums have not determined my decision, it was ultimately what kind of work I want to be in. But if it ever came down to just the forums, Primerica employees seem to have a very rude and rash mindset, and I wouldnt want anything to do with them
Pray about your decision, May God Bless you in your works
http://www.secretentourage.com/entrepreneur/business/pyramid-primerica-scam/
This article is the perfect proof that Primerica is a Scam.
Primerica
Primerica is a business opportunity, not a job. It is not for everyone. Some people prefer the lower hanging fruit and taking what life gives them. In my opinion, jobs are a scam. Just look at our current economy. You work really hard and dedicate yourself to a company, who just when you're about to hit your zenith and get that long deserved promotion you find out your job is being replaced by someone in another country. And that is okay? Are you kidding me. Corporate America, under the guise of the government, has brain-washed its people into believing they must work for someone else. Meanwhile, those few someone elses are getting mad rich. Folks, being an employee is a modern day indentured servant. As for the negative approach to recruiting, in life you either get recruited or you do the recruiting. What do you think business owners do?
First off, I work with Primerica. Most of the problems people seem to have come from people issues, such as their friends, recruiters, etc. yet how many times have we had trouble with someone at a business (such as a fast food place messing up your order, a clerk forgetting a coupon...) and yet we still go back to that company, if only a different store?
For me, Primerica has been there when nothing else has. My mom had to let her house foreclose, file bankruptcy, and move out of state because her job shed been with for 18+ years decided to move her division to another state. My dad worked construction, and then real estate, and if anyone has noticed, both of those businesses plummeted in recent years. He has no money saved for retirement. So after getting my associates in science, I couldn't afford a university and my family couldn't afford to pay my way while I went to school, so I joined the work force.
After 5months of living with a friend in town so I could apply for jobs, Walgreen's hired me for front register, promising that I'd get priority for any pharmacy tech spots that opened. It has been a year and a half, and not only have no new spots opened, but pharmacy peoples have been laid off, and even all of the management who made that deal with me have been transferred to other stores. I was in a night schedule, waking up at 2pm, work at 4, then stay up playing video games til 6am.
At this point Primerica found me. Since then, even though I don't yet have the mindset of anything other than a lazy employee, they have helped me through all aspects of my life. I wake a 7am with the day ahead of me, I'm keeping in touch with people I hadn't in years, I've learned so much about money that even if this doesn't work out, I can apply it for the rest of my life. I haven't been worth their time at all in a money kind of sense, but the Senior Vice President of our office, who makes 40k a month, took time at 11pm to help me with a problem my grandparents had, whom he still has not met and has no vested interest in. I have never seen the kind of encouragement and help from someone, even from teachers.
The way I feel the business model works is that you can work and make money without recruiting/training anyone. But the company encourages growth and leadership, so if you do have those traits, and you train competent people, you get rewarded (which is better than the corporate America equivalent of training someone then they open their own business and compete with yours). And it is those leaders that become great.
For those defending Primerica, we could do a better by not insulting others ways of life while we're at it. Primerica is not for everyone, so if they choose not to do the business it's fine. Just ask that they consider the source of the information they are basing their decision on.
I'm not here to promote this company, but mainly I want to ask all of those who talk bad about it, What do you suggest instead? I've seen comments comparing it to real estate, but that market crashed pretty bad last I checked. I'm still young, I have an associates in science degree, which is mainly good for pharmacy techs. I can't afford schooling, and even if I could, there is a ton of competition for jobs, many with internships that require a job on the side to survive, and are even laying thousands of people off. I'm trying my best here to make it happen, and even if it doesn't work I'm learning so much about people skills and money that I can apply everywhere, so unless something better presents itself, this is my best investment. If you know of something better, please let me know.
Primerica is not a scam. Most people find it uneasy having to pay the $100 up front because it doesn't seem natural BUT Primerica uses that money to do a background check on you. Also, they pay for your schooling and licensing. The license that you receive costs $500 (LOOK IT UP IF YOU DONT BELIEVE ME). If they didnt charge that initial $100, everybody will go to them to get a free license and Primerica will lose that money. What company in the world would do that to themselves. Primerica show you the millionaires from the companies but people need to understand that these people have work for the company for several years. Do you really expect to become a millionaire easily? It is commission based and they do not advertise; how else are they suppose to expand? that is why recruiting is so necessary. It only fails if you give up or half ass the job. Just like any other job, if you dont work hard, you dont reap the benefits.
It is unfortunate that a portion of these reps have used these tactics and given PFS a bad reputation on some blogs. I would advise persons to look at what the company, and not the people, has to offer them. I am NOT a Primerica rep however I did go through the licensing process about 20 years ago and actually had written a couple dozen policies. As you can imagine after that much time I have seen those policies pay out, including one on my Niece. I have seen people make big money in a short period of time, but these are the rare ones. So, do not think the company is a scam. If you are looking for a job, find a job. However there might still be a place for PFS in you life. Primerica can be used to supplement you income or lead to financial independence. Yes, I have seen both. If recruiting is not your thing (not mine either) you can still make money. As a licensed agent one policy a month can be an additional $300-$2400 plus residuals. So I would advise persons to not just focus on the negatives and questionable tactics of a few Reps.
Thank you! A "Regional Vice President" just called me because he wanted to set up a 9am meeting at Panera Bread. I was skeptical from the very beginning. There was something about him that made me uneasy. You better believe I won't be meeting him.
Just for the people that think because you pay a fee that the business is a scam let me ask you this......
Have you ever been employed in a state that requires you to get a card to work at a grocery store, or handle food? Or how about to serve alcohol or sell tobacco??? These jobs you have to pay $100 plus up front before you can work plus it never gets reimbursed but hey PRIMERICA after you pass your state test the $99 gets reimbursed to you soooo instead of bashing on a company, get the facts first people and if you have a problem paying $99 one time then dont ever consider moving to Nevada ever!!!
PRIMERICA IS A SCAM!!!!! THEY TOOK MY MONEY NO REFUND!!!! DONT TRUST THEM!!!
I get the whole "out of the box" argument, and I understand this isn't a pyramid scheme, and people are ignorantly following a "timeclock" mentality. I understand this is an entrepreneurial job, and you only get out of it what you put into it.
But here's the thing... Why does a recruiter care so much if I prefer to be ignorant? That should only mean more millions of dollars for him right? It's just not natural for a stranger to BEG you to come and earn millions of dollars, and repetitively call you back calling you an idiot when you kindly tell him you're not interested...
I encountered a recruiter when I was at a home improvement store. He hooked me in big time with kind conversation, and it wasn't until I discovered the nature of the job that it wasn't something I wanted to sacrifice a stable job for (yeah, and that means I'm an ignorant moron thinking inside a box).
"Scam" isn't the right word - I agree. The company isn't a scam, and I know there are successful people doing it. But their approach to strangers is fishy. That recruiter made me feel like a chick in a night club (figuratively speaking). He kept saying he had a porsche, he kept trying to buy me drinks, and kept wanting me to go back to his place because he was the real deal and promised I wouldn't regret it... If Primerica wants to have better recruitment, they might consider giving people roofies to make the whole thing go more smoothly for them.
You'll notice that after every negative post someone from Primerica jumps in and tries to defend the company. I'm sure there is one below this posting or above. Clearly Primerica is a scam but they are very good at it. They can make it all seem so simple. They've been doing this for years and have a standard answer to every question. If they were really this huge, honest company would they spend their days trying to defend it in a forum like this? They are doing damage control. They don't want the word to spread that they are full of shit.
Notice their postings are all "anonymous"
DON'T FALL FOR IT.
Primerica offers an independent business opportunity, which allows you to work part-time or full-time. It is an excellent company to work for! They provide training for you to get state licensed to sell life insurance and financial products. The company assumes most of the costs for the training and state licensing expenses. Also, it is financial education you can benefit from personally, even if you choose not to pursue a career with Primerica. Where can you get an independent business opportunity which allows you to make money with virtually no investment?
My greatest concern is alot of people today do not understand the importance of financial planning. Protecting your family by obtaining the proper life insurance should be of utmost importance. Many people do not see the value.
Primerica focuses on selling to a "warm market", this would include your family and friends. Primerica agents are actually providing valuable assistance, and helping others.
For those who say "I wouldn't open my store or offer my services to family and friends" is ridiculous. Also, have you ever seen a mother with four children under the age of 8 lose their husband, and have no life insurance? I have, and I can say the family had a terrible life thereafter due to financial difficulties.
Primerica is an excellent company to work for if you are self-motivated and want to make extra money.
Honestly, to those complaining about Primerica. How many of you would offer something of value and ask to receive nothing? Primerica offers financial education with virtually no cost to you, and a business opportunity to help you become financially independent.
The company, its structure, mission, philosophy, all of it is awesome and top quality. I'm confident that if you use good impartial sources, not blog (cough) and not a source funded by a competitor in the market, that you will find it a legitimate company. Its comission only. So you have to work hard to make a lot of money there, but you will get out of it as much as you put in. My advice. work for a good organization. I work for Doug Hartman's organization and they are professional and experienced that teach you to get referrals by building solid and honest relationships. I've been to offices full of greedy and prideful scammer types too who are only interested in getting as much out of people as they can. My advice again, work for a good Primerica organization. The company and the head people in it are quality people. its the people shady people on the bottom that misrepresent the company that you need to watch out for.
I'm sorry but I thought the mission of NachosRule.com is "to spread love throughout the world by way of nachos. Simple in its elegance, yet profound in its impact?" Well at least that's what you wrote on your main blog? You're actually spreading rumors and hate and ignorance about a very reputable company. This is one of the most if not the most ignorant blog I ever read about Primerica. Why would I listen to an unreliable source like you when I can go to reliable sources like the Better Busines Bureau (BBB) which is for complaints about business & how fast they handle the issues. Also there is site called A.M. best (they provide news, credit ratings and financial data & services for the Insurance industry)which Primerica holds an A+ (superior) status and also the Federal trade commission (which gives info about consumer protection). Primerica also is a public company on the New York stock exchange. Obviously all the stock holders have faith in Primerica!! All these are websites & other government & insurance industry websites that show actual True & Accurate FACTS about the company. I'm sorry for your experience but that is YOUR experience. I graduated from a very prestigious business school as well as have been in the Insurance industry for 10 years. I understand how the Insurance industry works. As for people like you that don't, it's ok but don't bash what is different and that you don't understand. I know many people who are doing very well in Primerica & helping many middle class families actually have a chance at retirement now & buying life insurance that didn't have any at all. Do you really think people that have never pursued life insurance with any life insurance company before are really going to try unless companies like Primerica don't actually reach out and go to them & give them a chance? I highly doubt it!I bet you didn't even know that Social security is not your retirement but it's a supplemental to your retirement. You can't be a dummy and work for Primerica, you have to go through Insurance licensing school & take a test for the CA Dept of Insurance and actually pass it!! (OMG, you actually have to learn something!-duh). Like any job or business you have to learn about it 1st. So it's ok, I know ignorance is Bliss but trying to preach to people on a business you haven't even researched appropriately and don't have facts about is a outright wicked. I guess you didn't really do your research on the company did you? Now, who is scamming people? You!
People please make an educated decision not rely on other people's opinions. That is the problem with our society today...a bunch of robots! It's called "critical thinking".
All you people who keep saying this is a scam are just being... dumb.
Lets think about this. Primerica is an insurance company. Which means you must be licensed to sell insurance. Does that sound like a scam to you?
Check out wikipedia and business ratings. Priamerica is a legit company. That being said, some sales people are wayyy to pushy and turn people off. And income is based on how much you sell and recruit. But, the products are legit and so is the company. It's just some people in the company that are less then ideal.
And money can be made - but you have to be a good sales person and work a lot.
I have just received the "primerica" recruitment call myself.
I feel as though most people who do profit from this organization will speak well about it. The purpose of this business is only to extend the business, by passing work onto others and by recruiting more employers. It is a money making scam: get people to buy into something and make others work for you. It is companies like these that destroy the American economy. No one is really doing anything for anyone else, the company will not benefit anyone only spread debt onto others.
When I received the call I asked the women on the phone, "Well who are you trying to reach, do you even know my name?" and she replied by explaining to me she doesn't have that information available to her, that shes is a recruiter looking for managers and assistant managers to expand this company to over 40 new locations in my area. I explained to her that I am a college student and might only be available part time. She seemed ok with that.
This business entrepreneurship might seem like a good idea to grant you a money making scheme, however, it is not a promising career. If you desire a career in feeding people b.s. then primerica might be for you. Re-think why the economy got so crappy in the first place. It is people like this who benefit from gullible/hopeful citizens who may be in need of this "opportunity"
I shun primerica and what they stand for. They don't really stand for anything. Yeah sure there might be some opportunity you wish to take with them, but for me that would be indulging in a life full of lies, deceit and trickery.
Really think about what your doing here, on this planet, in this economy, here in a world full of people trying to survive . . . your hurting everyone else but yourself . . . grow up and live a purposeful life!
It Certainly is an opportunity for those with an open mind and a hungry work ethic. What is troubling is the synergy created seems to engulf those whom are easily swayed in a belief that everyone will become a millionaire much like everyone will go to heaven(if such even exists). Furthermore, a lot of the same terms are parroted, "punching a clock", "9-5", "taking orders" and notions of working less for more. As a start up, one may be "kicking the clock, investing resources, and taking orders in the form of those whom are not interested.
It is unfathomable to think in a natural order of things that such an millionairesque opportunity is equally attainable at the perceived flow through rate, especially at 20% commission. Just ask any insurance agent attempting to sell term life.
Professions
It is discredited and lacking a high concentration of rational and higher educated individuals. Again it is a great opportunity for those who will need to work long hours to achieve even minimum income pitching products designed by the company but has no real understanding of finance, human behavior or other business functioning. Of course every car lot has multiple car salesmen and "finance managers", but not every is a top producer.
Scam
Any business certainly takes investing of one's resources, but the problem herenlies, again the pitch of "extreme wealth". Just as every company has it's hiearchy, this is no different. Born salesman will excel fairly in this business, whereas those who have little to no sale experience, credibility, knowledge of the world, etc remain at the bottom.
I work for Primerica. We're not a scam, we're just trying to advise middle-income families on finances and insurance. It certainly has the allusion of a pyramid scheme, but the purpose of recruiting new people to join is so you can have your own "team" of advisors and in turn make more on commission, since you're in charge - hence why they're looking for managers, which they are. You HAVE to earn licenses through the state in which you work in order to get commission. When you apply, and are accepted, you are never asked to put up money, and the customers which we advise don't pay anything either. They don't have to accept the service, we're just there to help. You can certainly form your own opinion of Primerica, but it is certainly neither a scam nor pyramid scheme. If you're looking to get into sales or make some extra money you can work one day a month and make $350. Just go to a meeting with a client, advise them, and if they choose to accept you pocket the commission. That's just some information, I hope that helps. Form your own opinion but please make an informed decision. And go here for more info:
http://www.primerica.com/public/
Thank you so much for this, i recieved a call earlier today in the same format as you. It didnt sound legit, so i began to google it. I am not into sales. FYI, I will be using your responds that you sent to them.
Thanks.
Primerica is a scam!!! The only reason they are not shut down as an illegal pyramid is because they slap some crappy products in to justify their recruiting techniques. No one makes any money except the perople at the top of the heirarchy who got in early and are experts at lying and ripping people off. STAY AWAY FROM THIS "bUSINESS."
Primerica is a scam!!! The only reason they are not shut down as an illegal pyramid is because they slap some crappy products in to justify their recruiting techniques. No one makes any money except the perople at the top of the heirarchy who got in early and are experts at lying and ripping people off. STAY AWAY FROM THIS "BUSINESS."
Primerica is a scam!!! The only reason they are not shut down as an illegal pyramid is because they slap some crappy products in to justify their recruiting techniques. No one makes any money except the perople at the top of the heirarchy who got in early and are experts at lying and ripping people off. STAY AWAY FROM THIS "BUSINESS."
Primerica is a scam!!! The only reason they are not shut down as an illegal pyramid is because they slap some crappy products in to justify their recruiting techniques. No one makes any money except the perople at the top of the heirarchy who got in early and are experts at lying and ripping people off. STAY AWAY FROM THIS "BUSINESS."
In a legitimate MLM company, commissions are earned only on sales of the company's products or services. No money may be earned from recruiting alone ("sign-up fees"). One must analyze the compensation plan to determine whether participants are paid from actual sales to customers and not from money received from new recruits. If participants are paid primarily from money received from new recruits, then the company is an illegal pyramid or Ponzi scheme. Primerica reps do NOT recieve money for recruiting anyone. Your "commitment" fee is to pay for a background check and help with licensing, but you also get that back, depending on how fast you want it. There are several reasons people think it's a scam, beginning with it forces you to think outside the box. WE get stuck thinking a regular 9-5 job is all we are suppose to do, when members of primerica are out beating the money game and making the money at that. Depending on how much effort and dedication you put in, will determine your success...don't blame WEight Watchers if you don't lose weight, it works, you just have to put the effort in. You don't go to your job now and just walk in and make money, you have to show up and put the work in. BOTTOM LINE IS THIS.... don't listen to what people say, find out for yourself....you can type in any company with the word scam behind it and it will pop up....no business is perfect, but PRIMERICA is no joke either!!!!!
Somebody wrote that nobody would even think to sell someone over 65 a term policy...Primerica's goal is that by retirement age you are self-insured...meaning all debts paid, and a comfortable retirement savings to last until death. That is what we do as a company.... provide and FNA to show you your FIN number, and show you how to get out of debt faster..provide income protection (life insurance)...and help you become financially independent....what amazes me is this...People will listen to Suze Orman or Dave Ramsay, who charge for their programs, but we offer and FNA FREE...FREE...FREE.... and we do it face to face, kneecap to kneecap...WE DON'T SPEAK THROUGH A CD OR DVD.....and oh yeah...Dave Ramsay used to be with Primerica!!!!!!!!!
Some very interesting thoughts on Primerica....I can certainly say my experience so far has been good....In order to have a pyramid "scheme" you have to be being paid for recruting, which primerica reps are NOT... MLM is legal as long as commissions are made on selling products... I am pretty sure nobody in this world could open a business (subway, jiffy lube) without startup costs or needing people to run it....same with a business opportunity, except this one you can afford...don't rely on google, or yahoo answers for "opinions"....go where the PROOF is...look up PRI on the NYSE...35 years of business, we owe no debt and are our own company now...pretty good for a "scam" dont u think
As an entrepreneur myself, I can say that it does take "start up" money to begin a business. I was fortunate that my start up costs were low. I built my business from the ground floor up and those who have worked with me had no personal financial investment in my company and were paid an hourly rate. I provided all the materials necessary to accomplish their job as well as training. Primerica appears to be a pyramid type company, where individuals make money off of recruiting others. I recruit individuals myself; however, the difference is I give them the training and tools to begin their own business. I have to use marketing, sales, and I offer services, too.
If we look at start up costs, we should also recognize that no matter what career path we choose, we have some type of initial investment. I don't know anyone who attains a college degree for free, do you?
When we review a business, we need to look at both sides of the coin and see if this is a business we can excel or not. Personally, I don't like hard salesmanship. I believe if someone likes my product or service, they will purchase or hire my company to provide the product or service for them. What I have found from companies like Primerica is that they "smooze" you with compliments to get you in and then once you discover the truth about the business, then you're left with the decision. I personally would not join this company or any other company with this business model.
Just back after my third meeting with the recruiter and I am more than puzzeled!! I think the actual product sounds great. To help people get their finances back on track. What really bothers me is that I still havn't received ANY kind of info of how I will make my money, even though I asked directly!!! I got the answer "we will talk more about that later"!!! They haven't asked me anything about my experience or knowledge in different areas. They claim to have my great resume but still need to ask me in person for my current employer! I dont think its a scam in that meaning but I for sure dont feel great about this opportunity. It leaves a bad aftertaste. I have done direct sales befor and to me this is like selling Mary Kay or Pampered Chef the different is that if you sign up for them you'll get the info up front!!!!!!!!!!
HELLO, IM CURRENTLY WITH PRIMERICA AND THIS IS NOT A SCAM AT ALL!!!! YEAH SURE AT FIRST I THOUGHT WHAT THE HELL IS THIS BUT I SURPASSED THAT FEELING STARTING RECRUITING AND GOING ON APPOINTMENTS AND GUESS WHAT?? I STARTED SEEING INCOME!!!!!! IF YOUR NOT WILLING TO GO OUTSIDE OF THE BOX AND NOT BE AFRAID OF NEW THINGS THEN YOUR THE FOOL! STAY AT YOUR 9-5 AND WORK FOR THE BIGGER PERSON AT THE TOP THAT HAS MULTIPLE PEOPL WORKING FOR HIM/HER. SOUNDS LIKE THAT'S A PYRIMAID TO ME!
HEY THANKS FOR THIS BLOG!
TEAM UNSTOPPABLE!
I don't get it and I don't get where some of you get your mis-information. I went to PFS, listened to the whole deal, sounds absolutely great especially for the middle class and I don't hear one person here say that this service to the person in need is 100% free! They don't have to put a penny out of their pocket to have their finacial picture changed so they could be finacially stable in the future. I don't get where all of you are talking about "scams". Who is being scammed? As an agent, I haven't had to put my hand into my pocket as well. All of my licensed classes are being paid for me. I am having interviews set up for me so that I will be making money. So guys and gals, what in hec are you talking about?? I don't know who you've been talking to you or who has been misinforming you but you are sooo wrong.If you want to be ignorant and believe the bs that you've been "told" then so be it and stay away; we don't want you or need you. You can go to your bank, invest in your cd and get your 1% on it and good luck with that in 25 years. Just keep your life going the way it is, but don't preach to what you don't know.
I'm going to try it and see what happens. I just hired, and everyone is so nice. I'll see how it goes, cause after all I am young. So either I'll do well and make money or in the long run learn that life is full of greedy people and everyone is just trying to survive(in other words, it's a cruel world). I really hope to achieve something out of this and make money honestly, without having to scam people. Well I'll see and I'll be happy to inform all of you of my travels.
Primerica is listed on the NYStockExchange, has a A+ rating on the BBB, yet it's a scam? If I have a smaller group of people on my right (like say the one percent of wealthy Americans) and a larger number of people on my left (everyone else who is not wealthy), who would I choose to advise me on how to become wealthy? Hmmmm, you don't have to be Albert Einstein to answer that question.
So many of us have a fear of doing what it takes to be successful. But if success knocked on the door those same fearful individuals would let success in with open arms. Well, success won't knock on your door or fall in your lap....you have to be a go-getter.
Primerica doesn't just let anybody become a representative....you have to qualify! Primerica gets audited and must abide by the same rules and regulations as all other financial service companies. Don't you think if it was a scam you would find more proof of that fact than a blog that is being used to vent frustrations from someone who wasn't happy with a company? Or someone who may have 'attempted' to be successful at Primerica but failed because of their own lack of effort?
I will be financially independent, debt-free, and retired a whole lot sooner than I would have if I would have stayed on my 9-5. BTW, many people stay on their jobs and become part-time business owners through Primerica....so the idea that its a scam that preys on the weak and unemployed is so false. People, if your only source of researching a company will be a blog such as this, then you really are sheltered in your thought process. You will never go beyond doing what your boss tells you and you will never maximize your earning potential. With that said, good luck!
to all you non-believers, google the company with the most six figure income earners and that will give you answer you looking for
huh, I just went through this process today in Toronto!! W T F!!! Yo man, thanks for posting this!
Hey there, thanks for the insight. Its good that you didn't go to the interview because your level of education based on the fact that you Googled Primerica, instead of doing a legit research, is embarrassing. PRIMERICA isn't for the hard working employees, but for those who actually are looking for the real opportunity. ....
Besides that, Primerica's business structure has been around and used in Morgan Stanley and merry Lynch as long they've existed. Its just that the idea is foreign to the middle class because you only know so much and you probably don't know any millionaires. Therefore, it isn't a pyramid scheme. Don't believe me? Then get a paper and a pen and draw out any company or organization structure that isn't a pyramid. Then, circle where you are on that structure and where you wish to be.
If it isn't for you, that's fine.....but don't ever make a decision for others....because they are looking for an opportunity to get wealthy, not just get by.
On the side note, 100 plus years ago, 95 percent of the population the USA owned...now its flipped flopped. 5% owned, and you work for them. Matter of fact, 200 years ago, there was no such thing as salary or hourly. You are an expense to your boss and they can rid off you anytime.
Peace and I wish all the employees the best of luck because you never will NEVER get paid more than what you are worth. As for the young and hungry entrepreneurs, be the best by reading books, listening to the tapes and strive to succeed in your business.....then you can relax and have employees working for you. Employees deserves to be where they at because of their thinking level, and that's America....the land of opportunities ....not jobs.
I work for Primerica..same as everyone else googled it..thankfully I didn't listen and the person that referred me had enough credibility to convince me to go. She quit I'm still here..going to Florida this Sunday..Universal Studios Paid for and just got an Ipad..Recruiting is amazing. I was shy now I'm not..its amazing to find new skills on people. The series 6 licenses isn't given without a test..its a state exam.. the company pays to take the exam so when people do have it its credible. When someone wants to do something different someone always has something to say. Worst comes to worst and Primerica doesn't work...I'll just end up like you..I'd rather risk it..its better to have a possible yes then a for sure no..Primerica isn't easy only because we think to much of what others opinions are..Anyone looking for an opportunity Primerica is the place but only if your mentally tough and believe your goals are more important than anyone else poor judgement.
I've read some of the comments that were listed, and to say that people did their research is funny. The company isn't a scam or a pyramid. The money you pay into it is for licenses. You have to be careful when listening to someone else's opinion. I was with Primerica a couple of times a while ago in another state and it just didn't work for me. The reason why it didn't work for me was because I had the mindset of a regular employee and I didn't have money to get to the meetings. The people that I worked under didn't go a good job in training me either. However, I've seen people takeoff in this business too. I've decided again to give it another try, because my mindset is a lot different now and I believe it would be successful. I knew working that I didn't have the heart to work for someone else. I've changed jobs so many times it was ridiculous. I've hated all my jobs and every industry I worked in. I've worked in the payday loan industry, now you need to be talking about how that is a legal scam. I garnished people's checks and repoed people's cars. I would rather work as an entrepreneur teaching people about money and helping them make it, then taking it from them. Just because a business isn't for you, doesn't give you the right to speak negatively of it influencing someone else's decision. Also, if you feel a little leery about an interview, go find out yourself. Don't listen to what others say. I tell my child all the time, don't go by what others say. I tell him he's an extraordinary individual that shouldn't go by the norm. If that's the case with him, it definitely is with me. If you are an ordinary person looking for an ordinary job, then do you. However, if you want a change of pace and to see if the opportunity presented will work for you, try it out. Don't listen to other people. You will miss your blessing listening to negativity, because other people just don't understand. See for yourself what's up. If it was a scam it wouldn't be such a huge company, with locations in many states, with millions of employees, and on with a ticker on the stock exchange. All this talk about cult, brainwashing, and illegal is crazy. Like I said, listening to other people make talk you out of a blessing. Go see for yourself and allow the Holy Spirit to lead you. The Spirit lead me to this location and I was really impressed.
I wanted to find out more information on Primerica and stumbled upon this. So thanks. But I did have a laugh about the people saying they didn't have to pay money for their real job because my girlfriend just got a job at a restaurant and had to pay over $90 for her work clothes and non-slip shoes. Just because you must pay money to work somewhere, doesn't necessarily make it a scam.
HI everyone. If i have any spelling problem is just because i learn english in the past 6 years, im latina. SO sorry in advanced.
In the past I do Independent work for few companies, FreeLife, Herbalife, Mary Kay, Other Insuracnce Company and also right now im doing my own bussiness as an Full Specialist (Nail Tech and Skin Care Specialist). This is my point of view. In the world we have 2 different types of bussiness. 1st one is the normal job when you work by hours and the 2nd one is the commission base. A massage therapist a comsetologist a full specialist an artist we are commission base, we are not a scam, the same thing with auto companies. Ford, Toyota, Cadillac for all of them you need to paid your own licensed that doesn't means there are scam. Of course is easy if you work 8 hours and receive the same $$$$$$$ every week, that give you the "feeling" of security. But what happend now, are you really prepared if you die, or have an accident??? Im not and a friend ask me the same. I have years talking with my housband, I said " honey we need insurances, we need to be debt free" My housband is Epileptic patients for over 20 years did you guys know how bad it is??????? In every job I need to take so many days off because hs medical condition nd the worst I dont get money Why ? Lack of insurance. At least with Primedica or any other insurance company I know I will have some savings money for emergency. Of course I need to paid, everything in life is with money(unafortunally) But this is the world when we live. And yes my friend asking me for give me an opportunity with the (pFS) and I will, why not. Now there have 2 differents areas. !st one for help people get them out of debt, Insurances, Mutual funds etc... And the 2nd one is getting your bussiness. Every business you want to do, If is your buss. you are responsable for use money for create that bussiness. SO why fight for 100$ and 25$ monthly if I can help others, recruit others, and the most important Still in my hourly job until the commision allow me to live w/O the hourly basic. How much you need for open your own MCDonalds 1 million dollars. And how many employees you will have. few. But how many Owners of mcdonalds a lot and all of them are bussiness mans that paid 1 million for have there own bussiness. There are not scam, but there put a lot of money, what there do sell food. What PFS do??? SAles Insurances. How much you paid $100 for the background. SO I will try. Just like I did before with others companies, WHY NOT???????? Any way!!!!!!!!!!!
Hmm I just read a some comments...and yes ...I want to say something , let's take look at the people who go against the Primerica...their language is very poor and everyone can see that they are not so educated , please read comments what goes with Primerica ...what's a different style!! Why??!! Because to understand what is it all about you have to have something under the head bones ..(I mean a brain)....!
"SO why fight for 100$ and 25$ monthly if I can help others, recruit others, and the most important Still in my hourly job until the commision allow me to live w/O the hourly basic."
Don't hold your breath. And why fight for 25$? Because it's essentially wasted cash--it's not like you receive much return from the firm--and it adds up.
The company holds out this dream of sucess but their own statistics
http://www.primerica.com/public/primerica_disclosures.html
indicate that for most they will never make enough to live off the income. You must be quite self-assured, delusional, or completely ignorant of probability to seriously have this as a career plan.
Take the money, pay tuition at a community college and learn some technical skills. Primerica is just another get-rich quick scheme. Maybe not illegal, but close to the line. The three pages of 2-font disclosures aren't there for fun.
On a related note, since so many of these Prim wackos have been citing it--the BBB is a joke. Essentially companies can pay "protection" money to get an A rating.
GREAT JOB ON THIS BLOG. YOU REALLY GRABBED THE READERS ATTENTION!
Primerica is some kind of pyramid,scam cult hybrid company. I take note that people who are associated with Primerica i call them sheeple take offense by basically calling everyone who does not agree with them as stupid or lazy or both. this company is a joke, the buildings they have their meeting or seminars are for lack of better word "generic" and they are set up to vacate with in an 1 hour. every company and especially a financial company i have ever known has a desktop computers and servers on the premises but not primerica. Also you see no office suppies no files or if i remember correctly no active phone system or intercom. just a plaque on the wall which says rvp and the his name. I personally think they have a room somewhere , where they search the internet for people that have anything negative about primerica and they react quickly to these negative blogs or articles. Sort of like a damage control war room of sorts. Hey Primericans get a life!!! Also if your going to try and fool people at least drive a bmw or mercedes not a freaking mid 2000s honda civic, a person who is supposedly make 300,000 to 500,000 does not drive a honda civic... sorry honda no offense! . BRING IT ON PRIMERCANS, all of you are full of crap, and you prey on the weak and people with lower paying jobs thinking they will get rich or at the very least make lots of extra income all you have to do is give them all your contacts which usually are family and friends and eventually the contacts run out and then they dont need you anymore. I do have to admit i have not figured the entire scam but it seems to be some sort of multi level marketing scheme of sorts. I do know its a scam but to what degree who knows.
Hi
I read this post 2 times. It is very useful.
Pls try to keep posting.
Let me show other source that may be good for community.
Source: Café waiter job description
Best regards
Jonathan.
LEGAL? Yes
ETHICAL? NO
DECEPTIVE? Yes
Their character is revealed in its entirety in the way they recruit
After attending the first interview, I was invited back to a second interview. What was interesting...
They wanted my Wife to come to the 2nd interview!!!
Later a buddy of mine was all excited about interview he was going to; when he told with who I share my experience. He seemed irritated that I rained on his parade and went anyway. He is a very smart guy, so I was interested to see his take on it. He never wanted to talk about for some reason :-), but he did not take the job.
I like to think of myself as an entrepreneurial type. If I were going to take a risk that required my own cash investment it would new employer that is not willing to invest in me.
I guess I might have missed the opportunity of a lifetime. Maybe it is reasonable to bring a spouse to a job interview :-). This story occurred about six years ago. I received a call for a Primerica recruiter today for an interview. Should I go should I go?!?
I recall interview with American Express, which was a room fully of applicants much like my experience at the Primerica interview. The difference was American Express only selected two people for the group, American Express paid for testing and a base wage while in training for selected applicants. Myable if I told American Express about my wife I would have gotten a second interview.
It is my assumption anyone willing to join Primerica is welcome to join the team, as Primerica would have nothing to lose and new leads to gain.
I just called to cancel my 'interview'. They ask me if I wanted to reschedule to which I said no. Curiously, they didn't ask me why, like they expected it.Conclusion: I escaped a cult very easily.
The person who wrote this blog didn't do ANY REAL research. It's not multi level marketing because NO ONE who joins HAS to recuit even one person! You can get hired on and get free financial education, get your liscenses and never recruit ONE person and be successful. All the agents are state liscensed and earn commissions on sales of refferal commissions for some of the other prodcuts and services. The more someone puts into it, the more they will make.
You cant judge an entire company and nation wide sales force off of one person who creeped you out and gave you a bad impression. Primerica is nation wide, they also have more 6 and 7 figure earners THAN ANY OTHER COMPANY IN THE U.S.!!!!!
Hi, I went a meeting last night with a friend who has recently joined the company. To anyone also thinking of joining I wouldn't I tried to talk my friend into leaving to but I think they've lured her in.
I had never heard of Priamerica before, but went with her. Right when we got there they wanted my name, number, and email address. Then the first meeting was with one rep. in a small room, who did nothing four 40 minutes but talk about how much money we could make without saying how we would make money.
Next was the big meeting with everyone in the building, where we were constantly told how much we could make but not how the company actually made money. Then we were asked about retirement but I noticed their form of retirement seems to be investing in their company to make money. This money could then be lost. Where as if you have a government sponsered retirement plan the money you put in can NEVER be lost even if you go bankrupt no one can ever take it.
Needless to say they didn't really say anything except how much you could make. At the end they gave us all a clipboard wanting more info. Deciding it wasn't for me I wrote all fake info, and blacked out my info that was written down when I first came in.
If something sounds too good to be true it probably isnt. And money is never made easy.
Hello everyone if you really want to know the real deal about Primerica, got to www.nyse.com and look up the ticker symbol PRI. Also go on AM Best and search for Primerica.
THANK YOU for your post. I had a feeling this was a scam when my friend called me to set me up. I feel so bad for her because she doesn't realize what she's getting into. They wouldn't tell me why they wanted to come to my house or anything till they were there. Then he wanted 108.00 a month to cover us and said our State Farm policy was crap. Excuse me State Farm has been wonderful to us for over 30 years even after my father in laws death everything was taken care of. BEWARE of these people! AND thank you again for posting this.
I went to the interview today. The guy was very nice. I didnt get any random phone calls or anything like that offering me a job. He came to my work as a a customer and after talking to him for a while, he said he was looming for energetic intelligent people for his business he works for. At the interview it sounds like a pyramid scheme right away. After asking him about it he said he could understand why I asked that. He said they were not as there is opportunity for advancement. Which is true. He said it is purely based off commission what you are paid. Which s based off of you. Not them. He was very honest and upfront. I told him I wasnt wanting to pay the 99$ that I dont have laying around and he said no problem. He is so confident in the company he said he would pay for it out of his own pocket. That doesnt sound like a scam. Primerica is NOT a scam. Its a purely commission job where you basically work for yourself. Its a great opportunity for making money if you are willing to do the work. There is a lot of skepticism but until you ask them all the questions yourself do not judge off what others say. Its not for everyone. I myself will not work for them as I wont work purely on commission. I like having actual hours and structure and knowing what Im going to be paid. Hope this helps.
It always amuses me when I read falsities about our company and how people somehow justify them without even doing proper research. What this blogger fails to realize is that a true "pyramid scheme" (where all the money goes to one lonely dude at the top) has no actual product/services. Primerica has MULTIPLE services. Ranging from debt elimination, term life insurance (the only right kind, ask Suze Orman yourself), Long term care, PLPP (legal insurance so to speak), helping reduce their premiums on their auto & home. I've actually helped families save years and thousands of dollars in interest.
And if you still doubt our credibility after that than know that we actually work with other "legitimate" companies to actually provide those services. Unless you think MetLife is a scam too. Or Franklin Templeton. But those "pyramid schemes" you speak of never last long term because there is no actual product/service, you are paid for recruiting. Know that we are not paid to recruit. And if you are scared of the word "recruit", the military does it, the churches do it, everybody does it. In reality you are either the recruiter (the one giving the interview) or the recruited (those who dress extra nice and lie about how they'd "like to maximize their potential in a challenging environment").
Regardless, a pyramid scheme scam would not be able to not only exist for 35 years, but to also be opening a brand new home office In Georgia, while so many other companies are going under? Also a scam would not have people who spent millions of dollars researching/investigating us (which equals about maybe $10 the author spent in his internet bill looking up Primerica on Wiki (as he already admitted not the most credible source), but you think they would really invest millions into a company that was a scam? Seriously? We are PUBLICLY TRADED ON THE NEW YORK STOCK EXCHANGE. To put it in perspective, in El Paso, Texas there is a place called Chicos Tacos. Denizens here love the stuff and if we had our own stock market it would be at the top, but people in New York don't even know about its existence, why? Because they are not financially strong enough to be publicly traded, we are. Not anybody and everybody is allowed to be up there, it is no small feat.
Not to mention the BBB, FINRA, SEC, Department of Insurance seem to think we are a legitimate company. Unless you think your suspicions somehow give your opinions more validity than thousands of dollars in research?
Facts are people, Primerica is not for everybody. But they are willing to give anybody a shot because there are plenty of people who have come into the company as duds and then blossom into champions. You never know who will win here until they give it a shot, it's very surprising. IT IS NOT GET RICH QUICK OR GET RICH EASY. Get that through your skulls right now. It takes actual work and development on yourself to become a leader, it's not an overnight change where a fairy sprinkles pixie dust on you and you are the next Winston Churchill. But if you are willing to work hard to build a business, it will reward you.
And that's honestly what you are doing here, building a business. Some people have a hard time grasping that concept, and in fact so do the people who claim to know about the company and think it is 100% based commission. First of all, ALL business owners get paid in the beginning based off commission. If you own your own store and nobody ever comes in, how are you making money? You aren't. That owner has to make a sale to make any money, the city is not going to just give him money as a courtesy for keeping his shop open. And if he hires some employees (the only way to be an actual business owner is to have others working for/with you, otherwise you are just self employed). Well now he has the ability to leave his store and it make money for him without him being there. After the employee wages, inventory, and overhead are taken care of what's left over is called the override. That is how a true business owner gets paid to never actually be at their store. But if you still doubt me there then I will go ahead and show you another "scam" also called the reality industry. Mr. Remax pioneered the idea of owning your own brokerage. What does that mean? It means that the broker, the one who owns the office, hires agents to actually sell the houses. Because the agents have a location to work out of and are part of the Broker's business, they pay him a % of their income. Let's just say it's a 50/50 split, so off a 6% commission based off a 100,000 house, that's $3000 to the agent and $3000 to the broker, who was most likely out playing golf when it happened. So if the agent wants to make more money what do they do? Sell more houses. If the broker wants to make more money what does he do? Hire more agents. You think Mr. Remax personally sold 200 houses a month from the golf course? No, he hired brokers to hire agents to do it for him.
I wonder if the blogger actually went to the interview or actually checked it out in some other physical form. Because the majority of what's in the internet is lies, much like your blog. It says man never walked on the moon, says the government is trying to poison our water, that 9/11 was an inside job. Not everything up there is true, but I'd say being highly regulated by the U.S. and state governments gives a lot more credence than your opinions. But why the guy was so excited about getting you into the office is because when you tell somebody something over the phone or in person without them seeing it, they can't visualize it so they doubt it. But when you visually show somebody how we help families it's a lot more impacting, and when you actually help a family it's even more impacting. My greatest triumph so far was helping a family gain debt freedom from 2046 to 2020 through a method called debt stacking (not something we invented, has existed in the financial world for years). But with a phone call I also reduced their auto premium from $552 to $327 a month. And we looked at his group life policy from work which was a VUL, and we found out that his cash value would only have money for maybe ten years, then it would be drained empty and would eventually cancel on itself.
The financial industry does a lot of "funny" stuff to mess with Main Street America and to put more money in their pockets, but at the expense of others. We are on a crusade to undo those wrongs and justify the industry through integrity and hard work. That's why it's grown from 85 people in 1977 to being the largest in the whole industry. It wasn't by fate or luck, it was because we defeat our competition by shining the truth on their lies and greed.
And for the guy who is comparing term vs term I will ago ahead and address you: By the way about the last 4-5 posts are all me. A District Leader with the company. We have an A+ rating with A.M. Best. I don't know if you checked up on that, but go ahead and look, I'll wait. Now look up some of the other companies you are touting through them and compare. What that means is that Primerica delivers our death claims with superior rating. We don't have limitations or exclusions within our policies. No accidental limitations or any of that crap. If you simply die we simply pay, boom. And what differs us from other companies who sell term, and the point you have so obviously missed, is that we do not have the potential to convert term policies into cash value policies. First of all, nobody needs to be insured their whole life, anybody perpetuating that myth is either ignorant or a liar. And secondly what they like to do is after lets say a 15 year term they might say something like "Boy that sure was a hassle having to renew your policy, wasn't it?" ~client agrees~ "So why don't we take care of it so that you're covered for the rest of your life and you don't have to worry about renewing this pesky policy, sound good?" ~agrees~. Well the problem is that now that person is 15 years older, meaning they are going to be paying a ridiculous amount for an "investment" that they won't even see. 4 Funny banking rules, ask yoursel, would you 1. Invest with a bank that wouldn't let you withdraw for the first 3-4 years? 2. Invest with a bank that only gave you 3-5% interest on your money? 3. Invest with a bank that charged your 6-8% to borrow "your own money"? 4. Would you invest with a bank that made sure they kept your money after you died?
No, only an idiot would after getting all the facts. And they almost always write in Option A (beneficiaries keep one and company keeps the other). And if you get Option B then be prepared to pay maybe double that amount.
I know you were doing a term vs term comparison, but you are comparing us to companies who also have the ability to convert it to a whole life, VL, VUL, whatever it is, crap life policy that won't benefit the family. That's what sets us apart. Not to mention New York Life actually has dedicated trainings on overcoming us. Because they know that once we sit down with one of their clients, it's over. And two NYL boys actually come to one of our business overviews and told our RVP "ya know, we came here tonight to see why our company fears you and why they always talk about you negatively. And now we know that you're just spreading the truth." Wish I could make it up, but I'm not. Buying Term and investing the difference is the only way to be financially sound your whole life.
As for the dude who mentioned the POL $25/mo fee. 1. THAT IS COMPLETELY OPTIONAL. NOBODY IS FORCED TO HAVE IT. And I want you to understand that right now. But you must understand is access to your whole business online, as well as great training material and access to great leaders within their company. But the reality industry has something similar called MMLS I think, and it costs around $300 a month. One of our associates who came from Merril Lynch said they have something similar over there, but it cost them about $1000 for all the features ours comes with. If you think that $25 a month to fully run your own business is a lot, than bless your heart if you ever want to run your own business.
It's also funny how they think our company "preys upon people in hard times" as if we were founded in 2007 or something. Our company was growing in the 90s just like it is now, so please stop feeling so self-centered by thinking "we are being preyed on!" Because you're not.
My boyfriend has been "working" for Primerica for about 6 years now...mind you he still had a full time job in manufacturing that paid very well, so Primerica was more of a side thing. He didn't really mention it a whole lot, just that he had some training seminars to attend here and there. I thought it was kind of dodgy that you can "work" for a company but not actually do anything and still be eagerly invited to participate. Maybe it's just so unusual that it seems too good to be true, but it makes me a little weary. I went to the Primerica Christmas party with him this past year, and it did seem almost cult-like to me. Everyone was abnormally happy and high-fiving all night. What scares me the most is now he's just lost his full-time job and wants to get into Primerica full time...it just seems so unreliable to me, and he is completely brainwashed that he will make a triple digit yearly income. I am willing to see how it goes, but my theory remains that if it seems to good to be true it probable is.
oooo my god you fuckin idiots. primerica is the best business opportunity in the dam WORLD YOU HEAR ME WORLD. SO GOOGLING AND SEEING SCAM( WHICH IS ONLY WHAT PEOPLE THINK BECAUSE THEY WEREN'T SUCCESSFUL) ISNT VERY SMART. PRIMERICA IS NUMBER 1 ON NEW YORK STOCK EXCHANGE, NUMBER ONE LIFE INSURANCE COMPANY IN AMERICA, #1 WITH BETTER BUSINESS BUREAU, BEEN AROUND SINCE 1977 SO IF IT WAS AN ILLEGAL SCHEME THEN YOU SHOULD JOIN BECAUSE OBVIOUSLY THEY'RE DAM GOOD AT IT (LOL). THE STRUGGLE I BEEN THROUGH IN MY LIFE, I KNEW WHEN A WISE MAN CAME UP TO ME AT AN GAS STAION AND ASKED ME QUESTIONS AND OFFERED ME TO PRIMERICE, I KNEW IT WAS GOD BLESSING ME. OF COURSE I THOUGHT IT WAS A SCAM BUT GOD TOLD ME DONT QUIT. I HAD NEVER HEARD OF THE COMPANY AND ONLY REASON NOT IS BECAUSE PRIMERICA DOESNT ADVERTISE IN THE MACRO MEDIA. WHY ? WELL ADVERTISING COST MILLIONS( NOT THAT THEY DONT HAVE THE MONEY, BUT IF THEY WASTE THAT MONEY THEN THEY CANT GIVE OUT MILLIONS A DAY TO FAMILIES IN NEED LIKE THEY DO UNLIKE OTHER COMPANIES WHO REALLY DONT CARE ABOUT THEIR CLIENTS. # 2 IF THEY ADVERTISE THE WHOLE WORLD WILL WALK IN FOR INTERVIEWS AND AGAIN THEY WONT BE ABLE TO GIVE OUT MONEY TO FAMILIES IN NEED SO THATS WHY THEY RECRUIT BECAUSE BY THE TIME SOME ONE RECRUITS, THE COMPANY HAS MADE MORE MILLIONS. YOU CAN BE A SIX FIGURE EARNER WITHOUT EVEN GOING TO COLLEGE COME ON NOW. AND FOR PEOPLE WHO CALL THIS A SCAM, THERE ARE PEOPLE WHO DIDNT SUCCEED IN OTHER BUSINESS THAT CALL THOSE COMPANIES SCAMS ( EX. P&G, WALMART, TOYOTA- YOU SEE HOW DUM PEOPLE ARE, ALL BECAUSE THEY DIDNT SUCCEED. ALL OF YOU WHO THINK PRIMERICA IS A SCAM NO ITS NOT YOU CAN GET RVP IN 2 YEARS IF YOU WORK HARD AND MAKE OVER $100,000. ITS SO MUCH FREEDOM IN THE COMPANY IT'S UNBELIEVABLE. AN FOR YOU ALL SAYING"O THIS RVP CALLED ME, ASKED QUESTIONS, WANTED A INTERVIEW"- UMMM YEAAAAHHHH WELLLL DUHHHHH -THATS WHAT THE FUCK THEY DO ITS THEIR JOB YOU IDIOTS. YOU CAN BUILD A BUSINESS OF YOUR OWN HERE. BUT THIS MESSAGE IS FOR PEOPLE WHO BELIEVE PRIMERICA IS THE RIGHT COMPANY BECAUSE IT IS AND FOR YOU OTHERS PASSING UP THIS OPPORTUNITY SORRY FOR YOU BECAUSE YOU WILL STAY P.O.O.R (Passing On Opportunities Regularly) Thank you all im living proof of primerica started when i was 18 and now an rvp make $116,000 and im only 20 years old. work hard work hard work hard. I AM FROM A VERY VERY VERY TOUGH NEIGHBORHOOD NEVER THOUGHT I COULD DO THIS WORK SO IF I CAN THEN YO ALL CAN. SEE YA AT THE TOP
The poster above said everything about Primerica that needs to be said.
The funny thing though is the idiot didn't even know how bad he makes his own company look.
If anyone hire someone like the person above it shows their fatal flaw.
Keep drinking the kool aid Primerica morons! Your RVP needs to make his credit card & card payments off your back!
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