This, by the way, was part of her voice message. Its neither a retirement fund, nor life insurance. please dont look me up. She told the lady who contacted her to give me a call the next day. God am I hungover. At the end he asked me for my number and said he had a wonderful opportunity for me because he loved my customer service,attentiveness and bubbly personality and he thinks i would be great for his company. Many new agents are brought into insurance sales through Primerica's recruiting effort. They say that you can get a refund if you are no longer interested. When i asked for a website he diverted the conversation to something else. She told us that her and her husband are preachers, therefore we should trust them. She asked a few questions about my past work experience as well. A legitimate company looking for new employees is not going to waste more time calling a candidate who did not call them back, particularly considering they had no information on me or my job experience or training. Anger gave way to fear.. what if I interviewed him and messed it up and he stormed out of here angry and calling it a scam? If you look at the market cap of Primerica, it is very small compared to Metlife, or even my regional bank of PNC. Primerica is an insurance company. Now I have my 2-15 and Im not going to waste that on just Primerica products. Never going to a meeting after invited and said you would. I follow their stock using an app called Searching Alpha, which is an app that has people doing analysis of various stocks. He told me he has to go through clearance and apparently he is abusing this priviledge. At this point, things seemed a bit odd. She seems thoughtful and amiable and I like her. 1.) 100% commission pyramid scheme? The funny thing about all this is that no one mentioned that Primerica is a NYSE company. He made me give him my SOC over a zoom call, he was filling out an application for ME! Now, the warning flags were popping up like crazy! Lies and time wasting leading to a quick fumble at your wallet. Legitimate companies give you details and job descriptions. The second warning sign was she didnt have a business card, but rather took my phone number down on a notepad and advised her business partner would call me. I shook my head, frustrated again, starting to wonder how long it would take til I would really succeed at this. I remember hearing negative things about Primerica, but that was in the late 90s. A woman approached me and complimented me on my bag, asking me where I got it from. 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. Financial investments 6. If you believe the internet only posts the truth, you are dreaming! So, I got up & left to find out who that company was. Dont listen to the nonsense check out Primerica yourself! My biggest issue with most of these posts is the fact that the reps are approaching people in random public places(i.e., work, grocery shopping, launder-mats, job seeking seeking sites, etc.) They talk about working part time, not having a JOB, sky is the limit, yet deliver on none of those dreams. I swear it literally looked like an apartment building inside with rooms separated and a dark hallway. After I finished that, David came in and started his pitch. They had told me they work with middle-class Americans, ones making from 30,000 to 160,000, not people who were making anything over $250,000. They allow an objective summary of the facts. Act really dumb and make them explain things 3 or 4 times. Multi-level marketing is not a business. 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. She really did not go over what the company was about but said we will discuss during the interview and not to worry if I was not experience because they like to teach within the company. Well, at approx 11:00 he got a phone call that he had to take. Wasted my time. Is Primerica a pyramid scheme? This office in Tigard,OR reeked of people looking for people with low self esteem. Real estate agents and brokers are not in the business of recruiting. (The Primerica reps will tell you their payment structure is no different. I also know another person who has been doing it for 10+ years now and he doesnt make much at all. Scum Bag Scammers! 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? I know my story sounds the same as many others go figure, right, these guys seem to work from the same playbook but I figured Id add mine. She starts telling me all the wonderful places her job has sent her, free of expense. Oh, and I will be getting a term life-insurance policy, just not through Primerica as they do not show up on anyones top ten list of term life insurers. No, a regular job is not like MLM. He said he wasnt interested and she stopped him by saying that she wouldnt take no for an answer and proceed to schedule to come over to explain the details of her opportunity, we exchanged numbers and walked away since my husband was annoyed with the lady already, we bolted from the store and went home to google the name that i had seen on her sweater and we came across this post, after reading all of the comments my husband txt the lady to tell her that he was not interested in what she was offering and she responded with like three emails back to back insisting that she come over with her husband to explain to us what they do, since she was so vague at the store. What I found was that most people dont want help with their finances and many (foolishly) refuse to spend money to own life insurance. I am so glad I found these comments it saved me the time of going to somewhere that was not what it was suppose to be. I just wanted to voice my opinion. Unlimited income potential. Personally I have been in the company for 4 months and I have seen what a scam it is. He also told em they were looking for leaders and instructed me to call him to schedule a meeting. So if you keep your premiums paid, your family will receive the benefit. They pitch like they are one the same level as other insurance companies. When you feel the need to bully someone like that, there is something lacking in you. I am left feeling overly annoyed. I had an interview yesterday with the regional Vice President. There are too many of us out there that are unemployed and in search of a real job with steady income. I dismissed the thought as finally, after several minutes, John opened his door and beckoned the man in, intruding himself again. Multi-level marketing is not entrepreneurship. It would be nice if the government would step in and help protect the people who dont have the sense to see these for what they are. * Oh, one other thing, if someone goes in for an interview, and they leave not wanting the job, how are they a victim, exactly? I talked to the women who contacted me through LinkedIn and her husband when I first got there. Business opportunities are not for the weak at heart. Those are games we leave for the devil. Their higher up had done that for them. It is really not an insurance company, it is a distribution company that relies on a pyramid to fund the upper class there. Came to the appt. I kept my head down and fiddled with my phone, then shuffled some papers in a folder, desperately trying to look busy and important. A phone call is more personal, and taking down someones number to give to ones own trainer is the model we use. The company primarily sells term life insurance, as well as mutual funds, annuities, segregated funds, managed accounts, long-term care insurance, pre-paid legal services, auto insurance, home insurance, credit monitoring and debt management plans. I set up the interview, on memorial day, not knowing the name of the company. She wore a black cocktail dress and quite a bit of jewelry. Ive recently begun with Primerica. The presenter looked like 19 years old and began talking about the company and that it was called primerica. Regardless, I thought I was really starting the new year great but Im more relieved they taught us about pyramid schemes in high school. He set me an interview for 3:30 PM, but by 1:30 I had already read these reviews I decide I wasnt going to go to the interview after reading all these reviews. Well, all insurance agencies and brokerages have the pyramid payment style. MLMs are legalized pyramid schemes. Here we go another scam, let me play along The gentleman got on the phone, I think his name was John, again muffled but I really didnt care what his name was, this wasnt going to last very long. Mary clings onto it for dear life. The first level is the office or team level, the second level is the agents who work for the office/team. thats why Im not going back they called me 3 time to reschedule but I did not pick up the phone. Her husband, a mechanic, got invited to a big fancy house and had dinner there. He went in to the building I was about to go into. It is a one time commission, for the duration of that 10-20-30 year policy. I could hear a party going on in the background and the aroma of delivered pizza hit my nose. So an agent sells a property, and the agent gets a commission and the office/team gets a commission. What a shame. Asking for comments. Dont spread lies when you failed at the business. She is a mere pawn unknowingly victimizing her own family and friends. He then had a slide showing the tiers and potential earnings. Primerica is a SCAM period. My experience started with responding to them through Zip Recruiter. Was this review helpful? No, its not defamation. I dont know why i get that feeling when a job has to take more than 30 minutes to explain itself to a group of people, they told us to hold our questions until the end of the presentation. you need your own clients to start off like family or friends. Thats the nature of working in several industries overseen by a regulatory body. They offered you the opportunity to make extra money about $200/hour extraas I said, the only reason someone didnt make money in Primerica is because they didnt work. After, of course, buying into the company and getting my license, etc. I put down my 5 usual references for jobs and returned the clip board to the receptionist. He told me, and when I Googled it, I found this. And i was highly qualified for one of their positions. Had he invested his 30 years with any number of other companies, he could be retiring with tons to show for it. Her mistake was telling me this could be part time. I got suspicious after I asked her the company name and her voice sounded muffled everytime she said it. Now what?! I went 3 days ago and I had to give my info including social security number, but they didnt asked for a credit card. Ok guys,heres my story: I work two part time retail jobs and am seeking to leave both for one full time position. What a joke. One of those analysis of Primerica showed how that it is nothing more than a game where you dont really make any money, and its all about recruiting and selling over priced term life insurance. Both part time and full time. Primeamerica is a legit insurance company. Now thats a successful company, but many fail. I looked up Wallace Murphy with Primerica, it showed his picture and what he was about, but after reading this I will also be canceling my interview as well. 4.) This is because the company uses a controversial multi-level marketing (MLM) strategy to sell its financial products, mutual funds, and life insurance policies through its agent's own personal relationships. I also am one of the many that got called out of the blue for posting my resume online. He told me he worked with Primerica before it was Citigroup, and to hear that made it sound great because Citi is a huge opportunity in my area. You cannot fail if you do the work. He agreed, however, I had a bad feeling about him and the conversation we had had and decided not to call him back. Good thing I have learned from Dr Phil! Just went to one of these sad displays lst night got dragged in by a friend. I told them I didnt had the money so the lady told me Icould go some other day and its been two days already and Im scare they use my social security # for a bad purposei want to go and get the paper and ripped off so i could feel safe but idk what to do Can anyone tell me what should I do. Any money i earn, or is traveled up to me, is tax free, so that means. I was so mad I couldnt sleep just thinking how deceiving people can be! * If Primerica is a scam, how have they been in business for almost 40 years? LOL, Lol thanks God I look it up and they give you such an hope like youre about to win big smh I waist my time dressed all nice thanks God I didnt register yet Im done with them. Its based on any rep earning $100k DURING ANY BEST 12 MONTH ROLLING WINDOW during their entire careers. I've written about Primerica in the past, questioning whether Primerica is a pyramid scheme, and whether PFS is a scam. She asked me the most useless questions ever, such as, How do you want to be treated if you work here? She was also unable to give me specific details about the position I was interviewing for. I dug and dug until I found PFScareers.com which is the new recruit site. I have better things to do than waste my time being pitched for a scam that takes advantage of people who dont know better. Why the need for secrecy? An hour and a half already? During the call I asked her about three times for a website link or something to see if I would like working with her but she avoided giving me the website, I had to ask her about three times till she finally gave me something, and even that was just the name of the company. Naturally, none of this sounded normal. Primerica Debt Management How Can You Make Money With Primerica? MLMs are legitimate but a prospectus or other similar vehicle should be required for prospective recruits just like a stock or mutual fund offering, identifying exactly what fees are involved and what is specifically required of the representative. Recruiters lie to get people to join, because if they told hte truth about the almost guaranteed failure, no one would ever sign up. i have an intervew tomorrow too, but i decided not to go after reading, thank you. First of all idiot Pyramids are illegal! When I told him I am no longer interested he kept asking me why and then called me arrogant. I was excited and didnt even think to look up the company until I got a text message at 11:30pm to confirm my interview. It is generally legal, regardless of the fact that so many have no chance of turning a profit in MLM. Thanks for all these helpful comments and posts. Its too bad that a few bad experiences have been compiled in one area and deterred people from seeing if this career was really for them. Never realized Primerica was an MLM until reading what Tracy has posted. 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. We will see. Primerica is a leading financial services provider that has been in business for over 40 years, is publicly traded on the New York Stock Exchange under the stock symbol "PRI", and is rated A+ by the Better Business Bureau iii. I dont dismiss this reality that commissions in a MLM organization are necessarily lower than those one would earn in another sales setting. As for NFTs, exclusivity and FOMO run the gameeveryone wants in and where there are winners, there are losers. The company has been in business since the late 70s and has steadily grown throughout the years. She told me that someone referred me and thought very highly of me. I experienced nothing like the others that you have told us about. Question for you, of those that dont do Primerica, what do you do? Appreciate it! I walked into the office and was greeted by a receptionist in her mid 40s. 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? I just received a call earlier today. Their RVP essentially told me he only worked with people who used the product and believed in it. I was looking to start a part time business. The small group of initial promotors at the top . I had come across this blog a few months back after hearing about this scam. I wanted to light their office on fire (when everyone left of course) thats how frustrated I was. The company and product reputation aside, as a source of personal income they truly fall shortgenerously speaking. The business when presented me, gave me th opportunity to sell other things, like Legal Shield memberships. I barely spoke and Im on the good side of the manager. After the presentation, the young man asks me if I have investment services or life insurance. I think youd do well and Id like to have your number and have my secretary call you to set up an interview. As far as heightened prices if this is the case how is it that their clients save money on the services? John said no.. yet I knew that wasnt true. I told her I will be but next month and gave me a choked faces and asked WHY, told her I dont have the money to pay for it. So, with that experience under my belt, life goes on. So I just got out of a presentation not an interview. To proceed it was a lot of paper work, like basic info, bank info and contacts. Check this out: https://www.reddit.com/r/antiMLM/comments/8ctzhz/almost_answered_a_job_scam_they_yelled_at_me_down/. She was upset and wanted to know who told me those rumors. 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. Then he went on to say how my experience and entrepreneurial nature would be a great fit to run one of the offices. kids dobs and weights,etc. The recruits are required to invest money into the venture, pay membership fees. Well, I didnt stick around to find out if it would work or not because I stopped going once me and my mother got a bad feeling about the company. The evening eventually came to an end, and I watched John as he scored 2 new recruits. The activity on this thread keeps the page at the top of Google searches for common phrases related to Primerica. Wow, thank you to all who posted about this company. Information provided on Forbes Advisor is for educational purposes only. I just didnt understand.. when they hired me on they told me that referrals would pour in and we never cold call.. in fact the company prohibits it! complete with fake hearty chuckle. She gave me her name and phone number, but it wasnt after she left that I realised she never said what kind of business at all. The agent was a very nice Italian-American woman who actually knew something about financial services. Thanks to all who shared their experience. this is wrong! The subject turns to travel. - The Anti-MLM Coalition. Many thanks to this website and all those who have contributed toward it. I was in a group with a few other people who agreed to sign on as well. 6. last and least. Representatives are independent contractors with people working any where from sometime/very part time to very full time. All-in-all, aside from the financial advice that I found sound and pretty basic, it was a complete waste of time. ones that are not MLMs), you will keep the majority of the commission on the sales of products. They were in my home for almost 3 hours, 10 minutes before they left (which was an hour ago btw!!) Last week I was approached at my job by two people. I was brainwashee by Islam and than when finally was free away from and than this so called god/family/business cult comes along Oh how sorry i am for my 10 years of life We talk for a second longer, she makes a point of showing me her expensive car and vanity plates (I realize now how often she was trying to make displays of wealth from the moment I met her). They do use a multi-level marketing business model but they are definitely not a pyramid scheme. He called me again and I ignored the call. 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. I said no and he sounded surprised. He introduced me to that person and I presumed we would be going to an office. 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. My old coworker had me sit through a lecture for her (I thought I was just helping her) then he asked if I was interested. And he said the clients love him and are so thankful that he gets invited to birthday partys and what not like ummmm ok I dont care. Why dont I just go for this so-called interview, gather the information they want to give me and make my own decision as to if its something I want to do or not (like Charlotte did). I though I was going on a great interview in my early twenties when I strolled into Prime America! This was my first piece of evidence that what they were saying literally was not adding up. $99 fee was mentioned. My fellow employees are a wonderful group to work with. I emailed them and set up an interview for tomorrow. I feel deceived, and I feel like my classmate & her boyfriend are being deceived also. To be honest, I saw a flyer on a corkboard at my university and, as a college student, the struggle is real, so I decided to check it out. Learn about pyramid schemes and other crimes at FindLaw's Criminal Charges section. We were all in this rinkadink room, looks like they rented and tried to make it look professional but it looks rushed and had meaningless awards on the walls.
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