Allow me to tell you about it. Do you even know why you exist? He went on to make about six more calls, each leaving me a little more tense than the last. 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 . They are not giving you a job! With all of you. I mumbled something about Ill see what I can do said my goodbyes, and bowed out. Primerica Compensation Plan How Much Does It Cost to Get Started on Primerica? As of 7 hours i have been in Primerica, I do understand what everyone is saying about it. Primerica is a multi-level marketing company. Again, we talk a long time. Why the need for secrecy? If you're familiar with MLM schemes like Primerica, Optavia, Evolution Travel, Beachbody & American Income Life they are pretty similar to Transamerica's MLM scheme. I have just cancelled my policy after 20 years because they increased my premium by 370%!!!! I was the first one there so I put the lights on and tidied up a bit. I attended a presentation and just decided it wasnt something I really wanted to do. One of their representatives came up to me as i was walking into Target. I put down my 5 usual references for jobs and returned the clip board to the receptionist. Ive just arrived in America from overseas. We both said yeah and he gave us his wifes number and took our numbers down. I am sick thinking that I signed something that I didnt read, gave her my social security and address. I just went on a interview yesterday June 22nd Anyone with money who makes a good living does not discuss that in open form with people at a so called job interview be smarter than the rest of us , cancel , complain and dont let them take advantage of you. He said Financial Services then when I asked what kind of company he states the details will be discussed during the interview. Something about more information.. John said, crisply, Im offering an interview, thats the first step in the process. But for all of you out there who have fallen for this or maybe thinking about it, remember this, When a company asks you to pay for getting any piece of paper, fees, approaching you in odd places,etc., think before you leap, do your research for other companies selling the same product and see how it is or isnt done, then make up your own mind. It seemed way too good to be true, i was literally thinking to myself If this is real, I can finally afford college. This business is in an industry that may require professional licensing, bonding or registration. If you want to sell insurance or investments, do it with a real company, not a scammy MLM. I think not! 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! I got a call around noon from a company called PFS Investments. So with each sale, that is one less client to sell to, forever!!! Primerica. 4. Its legal, yes..but a scam in every sense of the word, that relies on cult mentality. They really wanted my husband to come but that still wasnt happening. She told us that her and her husband are preachers, therefore we should trust them. I stared at it blankly for a moment, noticing how low the numbers were. Tope Trading money for honest goods and services is not a ripoff. Multi-level marketing. I am so ashame to be same species as John adison and glen williams . Finally they called me in the most boring, plain, unprofessional office ever. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. Its a churn and burn- they will hire ANYONE who can pass a background check. I have an Accounting degree so I already had a great handle of budgeting but this was really impressive. We were to ask them for a penny (hoping it would be a new penny because those are weaker/thinner than the old ones), and with the new penny we were to use the best cutting scissors ever to cut easily into the penny. I was unable to find much of anything online until I got the address for the interview. When she gave me speech about how they help people save money and so on, then she said are you ready to sign up for the classes? I walked in and saw chairs set up like there was going to be a lecture. 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 was definitely lied to when I first was contacted by the woman. The complaint . I furrowed my brow thinking I thought he was making those calls for ME.. shouldnt I get credit for those names? Its entrepreneurial in nature and that needs to be discussed and made clear. But im not stupid so i looked it all up what the job was and where it actually was and this seems to be all true. Thanks guys for ur time to let ppl know who primerica is. Thank you for the information. Good luck to you all on your future endeavors. Im just worried if I tell him I thought about it and wouldnt want to proceed, he has basically ally information, Im in the same position as you i dont want to recruit others and im scared with the info they have. A huge amount of life insurance agents have their life insurance with Primerica because we sell the best product for the least amount of money and we know how to show you what you are getting so you wont be fooled by a scammer. I, actually sat through the orientation, and afterwords the deception started. She asked for my number that way her trainer would contact me to set up an interview. I interject, Im sorry, what exactly is it that you do? I too have an interview scheduled for tomorrow. New faces=new prospects=new recruits=new sales. why are they still in business? As someone whos in commission sales- I feel bad for people who fall into companies like this one. NOT TRUE!!! Broke people mentality. Important Mutual Fund Disclosures 30+ years. I am glad that I followed my instincts and didnt end up wasting my time. I walked out. Instead my thoughts were screaming through my mind.. really, what was John doing in there?! She wanted to help this person out of her terrible job by interviewing her for a position at her business. And for easy monthly payments of only $25 Im really glad I came here, because they hadnt even gotten around to mentioning the other company fees yet. On a non related note, why are the people supporting primerica, speaking like assholes and calling everyone stupid and lazy for speaking their minds. Its headquarters are located in Duluth, Georgia, and the company offers services across the US, Canada, Guam, and Puerto Rico. I have just been called by a lady in Puerto Rico to show up for an interview for a job in Primerica. He kept repeating that they are teaching people how to use their money, but without really saying anything else. You are not your own boss if you have to hand over your personal contacts to your Primerica rep and get no pay for having to attend their training and info sessions. I received a call on Wednesday from a classmate she just graduater from high school and im still there so she told me that she works for a growing company but she didnt say which company it was she just asked how old i am and if i was looking for a job as almost every high school student i am looking for a job and i have applied in so many places but they havent call me. I mustve been approached bc I look like a mark. This affiliation between the two companies is one of the oldest partnerships inside the Primerica menu of products and is fairly popular. It is a legit MLM business opportunity that has been around for more than 40 years, and it's possible to make real money if done right. Being very analytical, I would have not had a good interview with another manager in a different company. Nothing worth having is ever easy to obtain. They just tried taking a mortgage out for half a million and the bank denied them because neither of them have a real job or make enough money. Randomly the thought popped into my head, he also said working 2-5 hours a week would mean an extra $1-2000 a month for your family but I quickly dismissed that thought. Then we proceed to training and moving forward. I want to shake my head at me too. I wen to to their office and was asked to fill out an application form. The interview was about 30-40 minutes long so ill break it down into sections. Then why was he so eager to get ahold of my stack of resumes, leads I had paid for?? I noticed $99 needs to be paid. Were talking about widespread abuses such as this. It seems the main issue was the lack of transparency by the Primerica reps when discussing the opportunity and the tactics used to get in front of the prospect. never said what I would be doing . Everything I am reading in these comments sounds almost exactly like my experience with them. This Primerica Pyramid Scheme Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Primerica has been helping Main Street families invest for the future since 1977. You cannot fail if you do the work. Thanks for all these helpful comments and posts. They asked about my work situation and I told them that I got a job a few months ago. 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. He gave lots of the same info and elusive answers reported here. I suddenly found his bragging really off-putting. He just missed the Pyramid Gravy Train by a couple of levels. Apparently Im not too lazy, and Im actually quite good at being self-employed. Not going to take offer with the tidbits from this site as well. The conversation gets deep, takes philosophical turns. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met. Karma. I set up the interview, on memorial day, not knowing the name of the company. *Money.USNews.com, "How to Find A Financial Advisor if You're . Only two other rooms seemed to be in this building, a walled-off office and a copy room that was more or less a bump off the main hallway. I work full-time and train in martial arts. Any company that loses over 220,000 reps/recruits per year (Can/US) either has a recruiting issue, or a job quality issue. Nevermind they had all tacky, cheap, white trash decor. So, right after walking out, I went back around to Coldwell Bankers and told them I would rather work for them, and left my information with the receptionist who was amazing, and seemed to actually like her job! Those people in Primerica dont know enough about it to investigate, and once they find out the truth, its really hard for them to save face and quit. She called me today asking me about coming in. Additionally, the MLM structure sucks for the Primerica representatives. I agree with your assessment that Primerica is not by definition a pyramid scheme. I feel dumb. The lead asked me for $99 upfront, which I did not have. Its not bad advice. (another red flag.) I have one question, how on earth such a place can exist for so many years, without drawing the attention of authorities? Over 8 years ago but never did insurance with them. Great article, thanks for the extensive information. I ended up getting out of it last minute once I found this blog I had to SEARCH HARD to find out that she worked for Primerica, it pretty much boiled down to me searching the address she gave me and finding that its registered to Primerica. You have to be deceptive to your warm market (family, friends, and contacts). Here are just some of the things that threw me off, he contacted me on Facebook, very informal. The woman who did the phone interview was very nice but once I got off I didnt even recall what the job was really about and realized she set me up in a few days for an in person group interview. Financial Advisor (Former Employee) - Fort Worth, TX - November 23, 2022 99 for the background check, 25 for the POL, and 50 for the deposit on life insurance. As shes leaving, she stops and says, You know, I never do this because its disrespectful to approach people at their jobs. What Primerica does, is after they sign up a new trainer, they get their list of friends, and the new trainer and his upline trainer go down the list of friends and make appts. Real estate agents and brokers are not in the business of recruiting. I literally didnt know the name of the company or the position until i walked into the interview. With traditional firms (i.e. I have no idea what license he was talking about, but I definitely did not think it was a good idea to make the payments via personal check to a preacher I had just met for the first time while interviewing for a helpdesk technician position that involved door-to-door sales. About a week later she calls me. They talk about these bad reviews during training, saying they are written by people who tried the opportunity and failed. 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. I got up to follow the man into Johns office but he closed the door. And Im sure it is. They have to recruit their own people. Im no stranger to mlm. He works for the State of Florida. Theres so many good jobs out there- dont go this route. I reluctantly agreed and was hired I went home that day and looked for primerica on the Internet and at how it is a scam. I went to the interview to meet Anthony. No amount of money could fill the hole that would leave in me. And use to convince FLORIDA retirement sustem workerd to move there money with us thinking thatsba good idea and look what is the result ! I could do it but dabbling in ventures that call on questionable morals is not my thing. I said okshe continued to talk balg blah blah. I experienced nothing like the others that you have told us about. Especially one that deals with financial education and asset management. The company's main product is Term Life Insurance. I will say that the highest ranking person I worked with has now been involved with the company for over 30 years. promote propaganda and sob stories of people getting shafted out of their whole life or group life insurance as a scare tactic. He invited me to this thing some orientation and was like being your parents Im sure they could learn something and Im like did this man just insult my parents intelligence. I knew something was fishy from the start. But Ive been coming up with excuses why i cant meet back up with him because things just didnt seem right after i left that 1st meeting. I start to feel under-dressed in my khaki pants, short-sleeved button-down shirt and silk tie. When I looked at the girls job title, I googled it and found this site. Blah blahI knew it was bs only because I have had encounters with companies like this when I was younger. I received invite to interview Multiple levels = MLM. He asked if I had a job and I said no but I need one. 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. Pyramid schemes, on the other hand, need you to pay a fee and/or purchase products and services in order to participate and earn income. 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. I call in two weeks ago to get some assistance in lowering my policy, and I get the run around. (including advances). The so called VP is there and questions were asked and at some point, the so called VP (he looks like James Ingram) said that I need to pay $99 for my financial license to be able to get the job. I dropped out because most people shop for bargains rather than invest in the business. She identified herself as PFS, never mentioning Primerica. My Primerica Regional Vice President (RVP) well call John offered to teach me how to call them, to build my team. Very very glad I read this. But again, Im still chewing on this and your thoughts on these matters are appreciated. Legitimate companies give you details and job descriptions. I received a phone call yesterday and on my mobile phone, which despite the fact that I am looking for a job, I only mention in cover letters or to recruiters who approach me on my landline. She lost her job and became an easy target from a fast-talking recruiter that filled her head with a pipe dream. Now thats a successful company, but many fail. Well, at approx 11:00 he got a phone call that he had to take. Ill text the woman tomorrow to cancel since she made it clear that she had her phone on 24/7. The presenter looked like 19 years old and began talking about the company and that it was called primerica. * Finally, does it have to have an hourly salary to be job? Customer Service PFS Investment clients with Legg Mason, Invesco,Fidelity, American Century, Amundi Pioneer, Nuveen and Franklin Templeton funds may check their accounts here. Its an exhausting way to make a living. And i was highly qualified for one of their positions. If anyone can reply below this with advice Id really appreciate it He also has my first middle and last name, DOB, email and phone number. they called me yesterday afternoon while I was at one of my jobs. Keep them going with promises of big fat contact lists. Most of the money on the financial products you sell will go to YOU, rather than some pyramid. A manager? A typical recruiting ploy in Primerica is the job interview. Im a server and i waited on this guy and his family. And since the beginning things felt off. First red flag for me is on LinkedIn. If it sounds too good to be true, it probably is. very dumb. LOL Stacy. Long story short, I sensed and saw scammers written all over their faces. As I walked away, I thought it was really weird and random that this woman would just walk up to me in the middle of a Target and offer me a job. Last week I was approached at my job by two people.