Oh my bad I guess money is a scam to you as well. I was ready to mangle both of them Im so fed up with these lames at this time. Thank you for participating. Primerica offers web-based learning materials and a practice exam. Primerica is a legitimate multi-level marketing company based in America. Still, barely any information given. 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. She gave me her number and asked to call claiming she was a hiring manager .. The grand kicker was the way the regional representative (and the speakers) used THE BIBLE to justify us serving a great cause? I talked to the manager to get my money back and he talked to me rudely, unprofessionally, and in short form text. Also, back then Term insurance was much more novel than it is now. Now of course, I see several red flags in the situation. Another middle schooler came in and went directly to the back where the party was. I told him I usually work in the summer but this summer didnt work out so I started taking some summer courses. He asked if I had heard of Primerica. She told me that someone referred me and thought very highly of me. I think this is clear that the guy on the top makes the big bucks. another red flag when up in my head, majority of my friends held the same job for years so who the hell gave you my number? The small group of initial promotors at the top . Is Primerica Legit or a Pyramid Scheme? - Impact Marketer John said no.. yet I knew that wasnt true. I texted my friend and asked him what was $99 needed for, and he replied it was for my background check and two tests I would need to take before I got my license. I told her I was looking for a salary based job opportunity and if she couldnt offer that, then I was cancelling the interview because her job offer didnt fit my current needs or interest. 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. Anselm of Canterbury, this still goes on. I have just cancelled my policy after 20 years because they increased my premium by 370%!!!! They kept touting how much of a hard worker I am and how valuable I would be to them. Even asking the guy flat-out wouldnt help, he was pretty slick and dodgy at answering direct, factual-type, questions. The rep is a West Point grad, and seems like a good guy. Any company that loses over 220,000 reps/recruits per year (Can/US) either has a recruiting issue, or a job quality issue. I had to squeeze in questions as he was trying to hang up without providing any information such as what does PFS stand for? Eventually he told me that he was not offering me a job, so I was even more puzzled. She starts explaining an elaborate scheme to sell insurance, basically, to poor people. Then i thought to myself who the hell asks for 25 names off your phone and debit card info in an interview? Honest goods and services were never made to be traded for money. he never gave me the company name just the address and I thought it was a company I applied to on indeed but it wasnt as soon as I got there I seen on the door primerica then I turned around and went home my friend told me about them its like a pyramid scam they want you to put money into their business and promises you will make money. She asked if I was interested in working with them, and I said yes. To start making money and sign up as a Transamerica distributor you will need to pay a processing fee of $100 and to start recruiting new members you will need to pay another $300. More about my terrific personality, she was very specific that I had to dress professionally, no jeans or sneakers, and was firm while speaking to set up the informal discussion. I did. What these agents wont tell you is that another bear market is looming ahead, along with the upcoming changes in Washington. they said a position in the company. The interview asked me only 4 questions and asked me to sign a contract looking employment form and said that I need to pay 99 dollars to pay for a background check and that i need to get a license. But like I said, we are all set with our banking. Even though the warning that you cant believe everything on the Internet is certainly true there are sites like this that give the true accounts of people who have been there, done that, and you should take heed. After reviewing those comments I will not be going for and interview. In the end i never scheduled a follow up. I literally didnt know the name of the company or the position until i walked into the interview. I really went in to the sales pitch thinking I was going to interview for a position as an IT guy for a small regional set of offices. 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. 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. I am glad that I came across this blog because rather than wasting my day off from running errands and spending time with my children, I wouldve been sitting in a UNPRODUCTIVE and pointless interview just to GATHER INFORMATION that should have already been provided to me. File a complaint about an investment or an investment account with the Securities and Exchange Commission (SEC). Tracy, I would be interested to hear any counsel you have for me, as I am planning to attend a Primerica information event for potential sales staffers 48 hours from now, BUT my circumstances differ from those of most posters above. The Pyramid Scheme Aspect of Primerica Financial Services But even better, in a real insurance agency, the goa is to sell insurance. I think the biggest tell tale sign that you are getting involved with an ethically questionable company if you have to ask who they work for or grill them on their business model. It was in that meeting yesterdayand only after I mentioned that I had once considered working for Primericathat my agent invited my husband and me to attend this upcoming information event. 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! 85% of people cannot pass insurance test. Question: Does anyone feel ripped off in their current situation? Each of these new members usually pay an entrance fee, which is used to pay the people above them. At least this way, I can practice negotiating for a higher pay level, and interviewing in general. I was actively looking for a job two years ago for Customer Service position. Financial Needs Analysis 2. why are they still in business? I get NOTHING from writing about multi-level marketing scams. I should be filling out my own application. Im so glad I found this site. Primerica "pyramid scheme" Reviews | Glassdoor 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 have never worked in the financial industry before so I did not know what to expect. 99 for the background check, 25 for the POL, and 50 for the deposit on life insurance. My contact and I talked a bit, and she escorted me to the door, and I went on my way to run some errands that I had intended to do earlier that day. Shame. But it seemed scripted, as many of the topics of discussion were connected to internet sources and he had all them loaded up on the computer. Please name some that dont. Still no mention of the type of work. I was looking for work on Craigslist and came across a post for motivated self-starters needed for an up-and-coming financial firm. This is where it got a bit fishy. She then insisted on calling me on Wednesday to remind me of the appointment and said I was lucky because the vice president would be there on Wednesday -_-. I personally am more of a tech guy, dealing with machines and stuff. There is no rational benefit to buying insurance or mutual funds from Primerica today. Tracy says this is about recruitment and getting people to pay the initial and monthly fees. And you say Im too lazy to work for myself? What might those be? I should have known it was a scam, who calls people on a sunday!? 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. I am starting to get suspicious. Now, of course, I see it through different eyes, more objective and analytical. Ponzi schemes simply require a cash investment to earn returns. Has anyone heard of/ worked for a company called primerica? Some of my friends work for Primerica and do VERY well! He texted me his contact info after my ride and I noticed it said Primerica Inc. on it so I googled it to find out just exactly I was getting myself into. Its ok Tracy we still love you. Real estate is a legitimate industry that is based on the sale of something real. There are too many of us out there that are unemployed and in search of a real job with steady income. MLM is not a business. 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. Tamara Most of them!!! Allow me to tell you about it. Seems like she wants to help people. As of this morning, the morning after, I wrote an appology text to my 5 references and also a warning that they may be hearing back from this company asking them to get involved as well. I was supposed to be intervied by Anthony, i wasnt. Many never repeated those commission levels since. I feel really bad for them. Primerica doesnt look to good to be true. Almost everyone involved in MLM is guaranteed to lose money. These companies actually have them sell their products. MLM is not a job. 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). I looked him up a few months ago. So what you are saying is that the other insurance companies must REALLY over elevate their prices. I felt paralyzed with indecisiveness. I ended up going to an interview, thinking that it was with a company called Coldwell Bankers, since it was in the same main building as them. Was hit up on LinkedIn and Im not looking for a job but still wanted to search out what crazy company was messaging me on LinkedIn again. Plus, I knew I had read somewhere on POL (online website for reps) that it was against compliance to block the number. Primerica Financial Services Home Mortgages. I got there 15 mins early they kept me waiting for 30 while having a buddy conversation. Thanks for all the information. He kept giving me all these big numbers and saying how easy it would be and blah blah blah and all I could think was if it sounds too good to be true, it definitely is. Still, my poor, broke self held onto the hope that it might be legit. As the man sat looking around at the various posters and motivational items on the walls I felt that anxiety-induced tension again. What a waste of one hour, these scammers will not be at my house nor will I have contact with them again. I guess I get to add to the list, I received a missed call, I dont check my messages usually and I typically just google the number and see what comes up and then once something pops up I call or dont call this time nothing came up so I called. The company also restricts what you can and can not offer to people as well. Just thought I would share my very recent experience and thank you to the author of this blog for posting this, otherwise I may have been suckered into an interview but then again, I dont typically work or have any experience in the financial industry and tend to stay far away as it is for positions like this or anything to do with insurance etc.
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