BBB reports on known marketplace practices. I stared at it blankly for a moment, noticing how low the numbers were. They told us how the head leader makes over $200,000 , but he comes in with a bag of mini candies passing out to only his team crew. Our Primerica life insurance review comprehensively analyzes the company's products, rates, potential drawbacks, and more. Got an e-mail (I use that term lightly, he had a hotmail address) from someone saying my resume had been passed on to him. I havent called this company in 5 years for anything, and the moment I need some actual assistance, Im treated this way. I express admiration and order another coke and a sandwich. I would STAY AWAY from Primerica. I asked his name, he says Fitzgerald, refused to give a last name. One person wrote that she heard people cheering YES we do that because we support the people who are working and we give accolades to them. The grand kicker was the way the regional representative (and the speakers) used THE BIBLE to justify us serving a great cause? No rebuttal, just got off the phone. StephenH195425 [OP] Experior Financial- FRAUD! I seem to have ulterior motives? Went for an interview/discussion today. Primerica is a SCAM period. If you do not mind cold calling for many hours of the day, have no problem deceiving others, are a good speaker and type A personality, you can make money although now with the internet and all the information out there it will be much harder to convince a friend to buy a 100,000 term life with you for twice as much money as they can get it elsewhere. This is a multi-location business. An office front is an office front, I thought. Once the new recruits, the professional-looking man and a scared-looking, awkward young guy who looked about 20 and was wearing ripped jeans and left on a bicycle, had left, John was photocopying the paperwork to put in the mailbag for tomorrow. Yes. He kept asking me weird questions and giving even weirder examples. A couple of days ago, I posted the following on Craigslist: Hello, Ive excellent command of MS-Word, MS-Excel, and MS-PowerPoint. I was left dumbfounded by all these comments. I already know about Prime, as this isnt my first go around with them or companies like them, so I am just going to humor them and then as gently as possible (not) let them know this is not for me. Amway. He didnt think to clarify my concern so I cancelled the interview there and then. I got suspicious after I asked her the company name and her voice sounded muffled everytime she said it. That night I came back to the office a bit before 6, when the first interview had been set for. I was there in the bulding today just asking ppl some jobs & met a young lady going for interview & I ask her if I can follow her to know more about the job & she was nice to me to let me follow her. I dont. Thanks guy- I am happy I did not fall for this prank. she never asked for a resume or any back round on me never told me the name of the company until I asked her today . Just before the session started I looked at the guest book and noticed that John had put his name beside most of the new guests, though 4 were a result of my resumes. I should have known it was a scam, who calls people on a sunday!? She kept saying opportunity rather than job, or career, and my attempts to get more detailed information were deflected with promises of being answered later or at the orientation session being held the next day. A company that tries to recruit through tinder is only going to do what tinder was originally intended for. I was also approached at a mall with the same story. Some guy came up to me at the grocery store today and without provocation introduced himself and told me he worked helping people through financial services and teaching people what they should have been taught in school. As I told others about my upcoming interview and was asked things like with who, I felt like an idiot realizing I wasnt given any basic details. Multi-level marketing is a scheme by which people who are in first make money from those who come later. In light of this information, I will be canceling. The wife was still skeptical of the entire thing but being a good wife she was supporting her husband. Operated a pyramid scheme: The company also encourages consumers to become Financial Education Services "agents" themselves, selling the company's services to other consumers. The big no-no for me was that I asked him for a pamphlet, like an information sheet and he was like what do you mean. Meeting ended abruptly, shook hands, and informed him that this probably was not for me. So, I googled the companyand here I am. Since I barely heard her, I asked about 3 more times before clearly hearing PFS, which I noticed she did not once tell me what PFS stood for. PFS Investments insights Based on 23 survey responses What people like Supportive environment Clear sense of purpose Time and location flexibility Primerica Financial services Pays really well. I ALWAYS check out a company before interviewing so after reading the above information, I gracefully declined the interview. I was approached by a lady who came shopping in the store I work @ now. Cancelled the appt. At that point, she became very persistent and it immediately became evident with the posts I read on this site. So glad I did. Primerica provides term life insurance at a price that's quite affordable to most families. Unfortunately, almost everyone in pyramid schemes lose money. He said they are looking for people to sell financial products and to recruit and train new employees. Many new agents are brought into insurance sales through Primerica's recruiting effort. I knew it had to be a network marketing scam so I came home, looked up her number on Google and thankfully found several sites on Primericas shady recruiting tactics. I see this company hasnt changed much since my friends husband tried to recruit me 4 years ago. the whole time during this first meeting it was very tense and uncomfortable. All I have to do is clock in whatever hours a week I want and watch thousands of dollars pour in. I leaned forward and held my breath to try to hear the womans reply through the phone. I first indicated, I was not interested in selling financial products and not sure I wanted to apply. They use your friends and contacts to start you 'business.' To get more percentage you have to get more people into the company. I asked what it was and he was kind of vague, but I humored him and said that I would be interested, as I am in the market for a part time job given the added expenses of my fathers death. I was shocked. She told the lady who contacted her to give me a call the next day. Action Affect! I did not quite have the similar negative experience as many posted, but mine was similar. End of recruiting. I told her I dont have friends, so Im just telling her anything so shell drop it but she was so persistent it was ridiculous. I experienced nothing like the others that you have told us about. The man told me he was a head hunter and had seen my resume on Career Builders. They are in the business of selling real estate. All the things he was saying sound good. Not going to take offer with the tidbits from this site as well. does anyone here even know what a actual pyramid scheme is? A former classmate of mine saw my Facebook post that I was looking for part-time work and called me. We both said yeah and he gave us his wifes number and took our numbers down. Just went through class. Had a local resident from Primerica call me as I often leave my card at the nearby supermarket as I offer computer repair services. My info along with my social number. Sell any and all medications over the world. I ask because Primerica agents and Real Estate agents/brokers are both commission based but people have no problem with being a real estate agent right nor do they have any issues with purchasing homes that will most likely put them in HUGE debt. i cant even find myself, and i know where i am. When I told him I am no longer interested he kept asking me why and then called me arrogant. I was actively looking for a job two years ago for Customer Service position. I reminded her I was not there for a financial health check, but rather for a job pertaining to repairing computers NOT a door-to-door 3rd-party insurance salesman. I have one question, how on earth such a place can exist for so many years, without drawing the attention of authorities? I called her back to be polite but she didnt answer. We sat, and I patiently listened to his presentation of How to be successful at selling insurance basically. After my daughter hung up the phone I received a call from the recruiter. I cant believe you even said people should go to the FAKE interview. I read most of your posts, and there seems to be a lot of hate on for this company. Number 1 only matters if you want to turn Primerica into your FULL TIME BUSINESS. Real estate is a legitimate industry that is based on the sale of something real. Does anyone know of other companies besides Primerica that are employing these same tactics? The first level is the office or team level, the second level is the agents who work for the office/team. Those are games we leave for the devil. He signed me upNOW, after reading all these comments Im regretting doing so. No! First of all idiot Pyramids are illegal! Just got off the phone with one of them, It took me like 5 minutes to realize who they were again. Enter your User ID and click Sign On. Furthermore, in order to get into a hedge fund, one has to invest more than a million dollars out of pocket. (unlike this whole description of events, I kept things brief) She told me to wait in the conference room as she grabbed the other woman who had come in to interview her. I was in college when they reached out to me about coming there to work. At school when were prepping for interviews, recruiters ALWAYS want a resume. Hello Tracey, Because MLMs are pyramid schemes in which 99%+ are guaranteed to fail. My daughter was contacted by Primerica and she told them I was looking for a job. (within the next 5 years) My brother-in-law has been very successful selling Insurance through a smaller company, Modern Woodmen of America. He has dedicated his most productive working years to a system that will never be able to deliver what it promised. Similar situation I asked for a job description. I think this is so sad if shes not realizing what she has gotten herself into. I received a call today from a lady at Primerica, stating that someone referred me, & she would like for me to come in for an interview on Fridaybut when I asked who the person was that referred me, she couldnt give me a name. Tamara Most of them!!! Primerica. Do not get suckered in, I was lured in by a friend that saw I was making pretty good money and figured 100 dollars to start isnt too bad for me. In a legitimate insurance agency, there is a general agent with agents under him or her. I didnt have time to listen to the whole message at first and wanted to Google the company before I returned his 1 and a half minute message. old-fashioned pyramid scheme and the line between the two is blurry at best. http://www.sequenceinc.com/fraudfiles/2013/02/is-multi-level-marketing-a-legitimate-business-method/. I joined Primerica in 1999 for about 5 minutes. As the man sat looking around at the various posters and motivational items on the walls I felt that anxiety-induced tension again. She tells me about running her financial management business in the suburbs, how shes trying to open an office in the city, how she bought another house to take care of her ailing mother-in-law. So because it seemed so fishy something said google this company and see whats it about. I filled out the basic information and then realized they asked for social security and began to question him. I went to the first interview today. All of this is broken into ordinary conversation somehow. Had forgotten the details but Tracy Coenens information on many posts about the 99% failure rate of MLMs, despite Primericas legitimate products have me thinking. I went 3 days ago and I had to give my info including social security number, but they didnt asked for a credit card. I said I dont have the money (but the back of my mind I know that it is already a scam). If they call and set you for an interview, DONT DO IT!!! Everything I am reading in these comments sounds almost exactly like my experience with them. What agencies would handle this kind of thing? The rep asked my questions, saw I am a good person who likes helping people, and told about Primericas business of helping people. He just missed the Pyramid Gravy Train by a couple of levels. Sep 27, 2021 7 min Read . I was making nothing doing work that was not only boring, but physically painful. Its the 23rd already, isnt it? Their RVP essentially told me he only worked with people who used the product and believed in it. I dont want to be one that consciously rips off or gouges people. promote propaganda and sob stories of people getting shafted out of their whole life or group life insurance as a scare tactic. Thanks everyone for your honesty! Im not in huge need of anything, Im just exploring my options. Here are just some of the things that threw me off, he contacted me on Facebook, very informal. Ironic, since recent grads are the least likely to be able to afford to pay to get into this crap. life insurance pyramid scheme companiesvictoria serie temporada 1. I wasted time I dint have wasted my energy got myself siked up for NOTHING! Wondering if it was even actually possible. You are describing practices that are barred from current procedures, and the law. Yes There are 76 helpful reviews 76 No There are 37 unhelpful reviews 37. Now, I did not get asked to pay anything and was told that Primerica would pay to have me licensed, but I was also told to come back for an open house to learn more about the company. When i asked for a website he diverted the conversation to something else. lady called me said I was referred to her?, scheduled an interview, Something told me to google what little information I had, found your blog! The interview ended there. Primerica is an insurance company. I actually figured out it was Primerica a few minutes later when I actually sat to think about it. I attended and felt extremely motivated, but wanted to think about it for a few days. Please please please stay away from this scam!!! Thank you for this information. You want a cashier to manage your office? I do wonder if some above posters simply arent aware of either the licensure fees part of several industries and/or of the time and effort required to build a client base in any commissioned sales position? ?, Dont you want enough money to rent a space for your classes? I should be filling out my own application. How in the world they got my resume in a snail mail environment is still a mystery. Other insurance companies do the same thing but Primerica is ruthless. (The clients DONT save money on services as compared to other companies.). Any conclusions drawn by myself are opinions. Well im not going to my interview today. It is a one time commission, for the duration of that 10-20-30 year policy. I definitely wish Id gotten the name of the business and researched this before going to that meeting & giving them my personal information. When I laughed at her question, she assured me it was because she wanted to know about my credibility, although she failed to explain how where my family lives illuminates anything about my character Clearly, they are looking for people with family/friends to pitch their products to. Shove that $99 fee up your keester. Long Term Care Insurance 5. He had been eyeballing me since I walked into the store. Many years ago, I got a call at work from a Primerica recruiter. While finding this site, Ive come to learn there is an office just a few miles away in my hometown. Stopped at a job fair. I play along, cause I dunno. We sell legit insurance, that either you already have, or might need at a price that is same or lower, with same or better customer service. Tracy did you use to do Primerica and was unsuccessful because you seem very angry with the company? (Unless of course, you count the harassing phone calls and emails I put up with from MLM cult members.). It occurs to me that if a person would want to try this kind of sales, then it would be just as easy to sign up with a major insurer such as Woodmen or Northwestern Mutual, NY Life, etc. The whole thing seemed extremely odd to me that they would be interested in employing someone like myself who has zero experience in this field. I finally ended it telling her Im sorry but no and she said thank you and turned her back on me. Glad I didnt waste my time. I knew from the phone call that something was wrong. About 20 minutes later I received a phone at my job stating his name was David. What I am saying is that (a) the MLM structure is a legal scam that hurts the distributors/representatives, and (b) Primericas products generally cost more than other similar (or better) products sold through non-MLM companies. The manager said he liked me, from a business standpoint of course. The recruits are required to invest money into the venture, pay membership fees. WOW. I was contacted by Dianne by phone from the Cheshire, CT office and told she was hiring people to not sell financial products, but to instead perform interviewing and other support functions, as they planned to expand with 20 offices. He asked if I had heard of Primerica. I googled psfl darmouth (included in the e-mail) and the first link was primerica is a pyramid scheme/scam so that was enough for me. I go back into the bar and ask the bartender if a half-blind bartender named Mariah works there. I finished having a fake interview last night and was literally thinking about going to that informative session. He also told em they were looking for leaders and instructed me to call him to schedule a meeting. If you do find yourself mixed up in something like this, please dont let it effect your perception of yourself. I answered and then asked what company he was calling from, something like Frontier Financial Industry and then he mentioned it was owned by Primerica and I immediately let him know that I was not interested. The red flags popped up when she mentioned what the massive amounts of money people save, from paying 14 years of loans in 5 years is mathematically impossible for the average middle class consumer. People do real research before you blow an opportunity and not this Google cap where anyone can post anything on it. I said no and he sounded surprised. He couldnt have known that I am a three time college graduate, having obtained both a diploma and honours degree, in the fields of law and computers respectively, so why on earth was this happening? He said they need a financial planner. The first inkling of a warning flag went off in my brain. She handed me a clip board and asked me to fill out the information requested. Im sad to read all this because it is true. Wow. Her jewelry looked awful nice for a receptionist. The crazy part it that this PYRAMIDS are legal. My niece received a call for a job interview yesterday. The presenter looked like 19 years old and began talking about the company and that it was called primerica. If you didnt get the license or actually go on the field then you know nothing. Appreciate it! Bogus, obviously. Seems like she wants to help people. He signed on right there because he was impressed with their house. He told me to come in for an interview, and, sensing some possible sketchiness, I had my boyfriend come with me in case someone tried to rob me of an organ. I did not show up to the interview, after 30 minutes passed from my scheduled interview I got a call again from the VP. I know quite a few very successful business owners who started at the bottom in primerica now earning very incomes and building great businesses with great people and you cant do that working for someone else! Look into those; and if the person you are dealing with only goes to the one service and being a rep,, find another Primerica person to help you. He proceeded to tell me that he called his partner about me and said I am great with people and would love for me to join their team if I was open to opportunities. Oh jeez.. he told them on the phone it was a quick 40-minute session. Again, the little lie bothered me. So i said maybe on a follow up meeting i will do the paper work. So we exchanged numbers and that was that. Thats how I found this site. They provide financial education and sell products through a network of individual associates. And this made me laugh what he said next. So then i asked him thru Facebook and he said no and now im here and im so glad i am. Finally he had a female associate call from a different number who told me I had been referred to her as a candidate from the man who approached me at Target. Thanks for all the information. Youre building a team of individuals to get them to the top, too. Generally in my experience, anything that seems too good to be true usually is. There was two guys Anthony and some dude who looked like he snorted before he came in. Naturally, none of this sounded normal. I graduated from college last month and primerica does prey on with people who are unemployed. Out of curiosity, why not expend the same energy to become successful at something you love and be at the top of YOUR pyramid and opposed to being at the bottom of Primericas? Anther warning flag went up. I also heard the leadership bit. MLM is not a business. $99 fee was mentioned. Just a bit of background I work as a sales floor employee at Lowes so I was pretty skeptical to begin with. Long-term care insurance Personal Finance vehiclessuch as mutual funds, managed investments, annuities, and business retirement plans. We have 40,000 new clients each month if you joined and didnt work, youre not one of the people who make money with us! I was an ex muslim / teenager from afghanistan with 3 jobs when i got sucked into this unathecal business . Theres constant turnover from people like me, so recruiting needs to continue indefinitely. The activity on this thread keeps the page at the top of Google searches for common phrases related to Primerica. They provide 45 - 55% of the first year premium. He first asked me about past employment, what im going to school for (Chemistry major), my hobbies, etc. They use the classic BAIT and SWITCH for everything they do. I dropped out because most people shop for bargains rather than invest in the business. No, Primerica is not a pyramid scheme under the laws, because when you are investing $99 in this business, you receive a service, 2 days pre-licensing class. Then he went on to say how my experience and entrepreneurial nature would be a great fit to run one of the offices. Where you could start off making $2,000 a month easy with only 4 clients. Today I received a phone call today from a recruiter who found my resume on Careerbuilder. It takes hard, Hi, I do not agree with you. If you want to get ahead in life be an entrepreneur. Two days later, I find out that he hasnt paid the bill on the employee health insurance, the insurance lapsed, and now people are getting medical bills that were supposed to be covered. Thanks for the info, I got a call from them this morning and promptly cancelled after reading this. I also am one of the many that got called out of the blue for posting my resume online. I emailed the guy this morning after I slept on it and told him that I was not interested and this was not a fit. He had rushed through the call, creating the perception that he was a busy man with many interviews to call for a much-in-demand position, and when I asked the company name he rushed through that part as well. Thank you all for clearing my skepticism up, time to block Mr. Jack. Given my lack of experience, I was not sure if this was normal or not. I knew that a job selling insurance wasnt really up my alley, and my intention was to leave the first opportunity I got, but that opportunity came when they asked me to put down $99 for an investment licensing class. So I got a call from the so called vice president of the company, mentioned they were seeking to hire many individuals due to expansion. I have just cancelled my policy after 20 years because they increased my premium by 370%!!!! After he finished his little job show-and-tell, he walked out and in walked his grandmother, (Im assuming.) Id really like to figure out if it is the company that is the problem, or just some of the people in it. I replied BJs (actual restaurant thats very good). He said well if someone were to tell you i can supply you with all the equipment to cook, but you would have to build your own client tale it wouldnt do to well right off the bat right? i said agreed then he replied well thats what i can help you with. I Googled the address and found out it was Primerica. So, with that experience under my belt, life goes on. I am glad that I followed my instincts and didnt end up wasting my time. why are they still in business? She said that if, following the interview, she liked what she saw, the business opportunity would be discussed further. Asked for my phone number, stating that while he didnt know my situation, he would be interested in offering me a job. First red flag for me is on LinkedIn. But a million questions arose when hed finished describing what it was he did, as he never quite cut to the chase of what Id be doing for the company. So glad I decided to do some research before going back. He had become quite animated now, telling the audience about what all was included for the fee. I couldnt make out the muffled answer but saw his demeanor change to become a bit more aggressive. I have mine scheduled in a few hours..you saved me gas and time! Heavy on company info and presentation. ONE EVEN SAID THAT PRIMERICA STOLE HIS SS# BANK ACCT AND AND ALL HIS FRIENDS HE REFERRED!!!!!!! Really 99 dollars for a background check and then more money was asked to start and get your license. And Im sure it is. I hope theu chok on those miions $ they made when we went public . My experience started with responding to them through Zip Recruiter. Then she laid it on the table: I needed to go out and start recruiting. John breezed through the door and introduced himself then instructed the man to sit down for a few moments; hed be right with him. So, I got up & left to find out who that company was. My name, what I do, how much Id like to make, what my goals are. I met with her, and liked what I saw. (Even then that is to be seen) They clearly have a lot of red flags, and I dont think businesses should be allowed to run like that. He said no and proceed setting an appointment for me. My initial interview appointment was a positive experience, but the compensation structure (or lack thereof) was raising red flags. My time is precious and sitting down even to waste her time wont be worth it. I remember hearing negative things about Primerica, but that was in the late 90s. Presumably because the recruiting pool is getting less and less educated. The one thing that did get me, however, is on Google Maps, the place did not have a name. After all of this fiasco, they have become very distant friends and I FINALLY own pretty successful and growing business now from my own hard work. Oh my god i think Im being sold something. She asked me who I had been asked to interview with after I introduced myself. All the money being made in the quick amount of time. I am now on the A-TEAM, she says, a daring-do group of financial managers that will change the world. Can be a plane, train or automobile. I told them that i was skeptical and would want to research before committing to any policy or any opportunity. He spoke and I listened. I thought an in-person cash payment would be appropriate for the funds but i guess not. Im currently in the process of getting out of my tiered J-O-B and starting my own tiers separate and independent of my current J-O-B. I tell her about my jobs, what I used to do, etc. Investment Adviser Firm Visit SEC Site. The reason for a lack of business card is actually the business model of Primerica. In the end i never scheduled a follow up. I went to the interview to meet Anthony. During our brief phone chat, she asked if I knew Primerica and I told her that I hadnt. Again thanks for the information. Think Enron, Bernie Madoffs investment scheme, etc. Why would you not want to help your friends, family, and referrals with this information? RUN from anything to do with them. Finally, in the course of mulling this decision I have read at Primericas own website that new life insurance agents earned $6000/yr on average in 2013, I think was the year cited. Apparently these Primerica folk are misusing LinkedIn profiles for their slimy deeds. At worst it means you have a poor product or poor reputation which is most likely deserved. I went in, shook some hands, and sat down listening to a spiel chock-full of confusing jargon, just nodding my head and feeding their ego while Im sure they felt like they were doing the same to me. Primerica offers a variety of financial products and services to consumers through their nationwide sales force. Harrison sounded very legit. All-in-all, aside from the financial advice that I found sound and pretty basic, it was a complete waste of time.
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