Primerica is so desperate for recruits that they petitioned to make the Series 6 licensing exam easier. She told us that her and her husband are preachers, therefore we should trust them. Also this was my first job interview, as Im a student. I was about to have an interview tomorrow but I cancelled it. Primerica is a multi-level marketing company. I work with a woman who is always trying to recruit people by taking them almost 2 hours away to hear the presentation. People in MLM pay to play. they quickly muttered PFS. Reed Slatkin - $593 million. By the time he is licensed, he has alienated many of his friends, made some money for his upline, and is now expected to trick others into doing what he was duped into doing. Thank God for the info I found out on the inernet. 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. Its ok Tracy we still love you. The man called the following day (just as he had said he would do). It feels horrible all the time to be with them I am sure. Went here, not knowing what it was about. I wish i had read this before i went, wasted 20 bucks of gas to go, and was exacly has described, what a waste of my time, and i went all nicely dressed. They really wanted my husband to come but that still wasnt happening. I got a call at work late last week from a man who said hed overheard my conversation with another customer and was very impressed and wanted to talk with me about a position with his company. and is refundable but most people dont know that, You can get your own credit check and if not hired, you can get a refund. 24 hours later he still hadnt responded. As soon as I seen it was a power point presentation I knew money would be involved. At least then they can make informed decisions. I do work very very hard. Just had an interview todayit stated just as everyone elses with a phone call from a lady stating someone gave me your name and advised me you were looking for work and you have a background in administrative work and customer service she said she wanted me for an office manager position. Now YEARS later Im getting calls from them. In any event, I told him I was not interested and he hung up. Tracy did you use to do Primerica and was unsuccessful because you seem very angry with the company? Tuesday evening came around, time for the interview. Thanks for all the information. Still no mention of the type of work. Comprehensive training, licensing and certification program. I emailed them and set up an interview for tomorrow. 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. Laws have been put in place to prevent this flawed business scheme . Do they mention that you will need to pay $30/month just to be able to access their online program? FINRA reports that this firm has 21 total disclosures on its record, including 17 regulatory events and 2 arbitration awards. I have an appointment on Monday. All MLMs eventually reach a saturation point where the bottom tiers are almost literally competing for scraps because the word gets out about the nature of their business model and they become shunned by most prospective recruits. Finding your own customers and future work is real work. Looking them up, I found this thread and Im grateful I told him to take a hike. then I came across this site and read some comments . 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. As someone who has worked for sales organizations for many years, I am really annoyed by the recruiting tactics of some of these folks who run MLM outfits. He did have an office, yes, but that doesnt necessarily mean he made the money to keep it afloat. The money received from the new recruits is used to pay off the . I suppose this was a good business lesson: Carefully research a company before immersing yourself in it. I didnt follow those steps due to a time constraint but thanks to your comments I know I will be making better use of my time! Primerica is secretive because thats what all MLMs do. 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. Got approached at a random target by a lady commenting on what I was wearing not a job. I just went on a interview yesterday June 22nd I appreciated his candor. And if done ethically, sales is a service so dont mask your phone pitch as helping out people financially. If people have to pay for your help, you are selling. It is a pyramid scheme in which 99% lose money. I blew it all off the moment I was dismissed. No, I never joined Primerica and walked away. Naturally, none of this sounded normal. 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. If you have been invited to an interview, I can tell you that someone cared about you. He had his upline with him during the visit and presented me with a PowerPoint presentation. I had no desire to pursue such a career related to insurance, as I prefer investing. id number? I got the call on Monday evening from a woman (name witheld by me) asking if I would like to be interviewed for a position with her holdings company, Primerica.She told me she found my resume online and I looked like a good fit. Hmmm thats odd considering there wasnt a website. This other guy was pleasant enough, introduced himself and politely shook my hand. He was very vague. Of course, I find that it is a scam and a pyramid scheme. Yes so would you call NYSE a scam? I hope this helps anyone considering Primerica or any MLM company for a career but dont let desperation drive you to a poor career decision. 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. Pretty much what i expected, sort of. There have been plenty of examples of businesses that looked legitimate that were not. Thank god for the internet and all useful information we find on it. The 'Private Investment Club' conference had everything: a host demanding people pay for 'VIP' access, weird pyramid diagrams, "plerking," and a celebrity guest who clearly didn't read the memo. I can see her answering it even in the middle of the night to talk me out of cancelling. Nevermind they had all tacky, cheap, white trash decor. I am so glad to have websites like these were people can learn a little more about what they may be getting themselves into. He also deceived the new Primerica representative, telling her that he was helping her and teaching her how to recruit people into her downline, only to keep some of the recruits for himself. Told me hes still interested, to come in today and I said I was too busy and had no time. I did not show up to the interview, after 30 minutes passed from my scheduled interview I got a call again from the VP. How BBB Processes Complaints and Reviews. She gave me vague details about the company. Reading this gave me something to do for a little while this morning and appreciate the honesty. Said that I was really great with people. After reading these comments I can say I will not be showing up Wednesday at 6:15 for my interview. These MLM ventures seem to prey on the 9-5-ers making minimum wage with the promise of making a six-figure income. We will see. Even if this is a legit company, the financing industry was never my thing. Went well. Pyramid schemes are a criminal form of investment fraud in which a large return on a small amount of money is promised if the initial investor convinces new recruits to also become salespeople. Blah blahI knew it was bs only because I have had encounters with companies like this when I was younger. Suddenly it occurred to me, who knows what that really means in context. Primerica doesnt look to good to be true. (Unlike in regular companies where everyone makes money, although some make more than others.). 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. But you dont actually own anything, many times not even the right to take your customers with you if you leave the MLM. Pull out your phone. He then asked me to write down 25 people in my contact list over 18 and he would call them for me to see if they would buy insurance and give me part of the profit and get me started. Turns out, surprise, she does the math and she is the same age as my mother and her daughter the same age as me. Calling me rude, and saying other unprofessional things like LOL. The company and product reputation aside, as a source of personal income they truly fall shortgenerously speaking. 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 -_-. Hope this helps and good luck to those who have gone forth with this and now have regrets and for those who saw the light before it was too late . The man calling me in for an interview was very abrupt and gave very little information, besides the address and time. Customer Reviews are not used in the calculation of BBB Rating. They provide 45 - 55% of the first year premium. Thanks guy- I am happy I did not fall for this prank. He has not even achieved the top position. A full 84% left prior to obtaining their insurance license. Sounded too good to be true about the money and needless to say thank-you to everyone here I will not be going. According to their own reports, only 2.5% of their reps earn more than $36k/yr, tho even that pulls their stated average commissions down from $6k to less than $1k or less. How to spot a pyramid scheme - Stacie Bosley TED-Ed 18.2M subscribers Subscribe 169K 5.4M views 3 years ago Learn the techniques and tricks that pyramid schemes use to recruit new members and. The business of Primerica Reps is recruiting other reps. needless to say I got undressed put on my gym clothes and went to the gym . What a waste of time?! Probably not the perfect business, but everyone I know needs to improve their financial situation. Currently have a few positions available. At first I was impressed; but not so much now. I have worked with recruiters and hiring managers long enough to know that is poor phone etiquette at best. My brother-in-law has been very successful selling Insurance through a smaller company, Modern Woodmen of America. Thanks for all the information. That is why the poor get poorer and the richer who work there ass off get richer! I said Ill give you 10 mints & w/big smile he say thank you & went back to the rm. 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. 4. I imagined some movies I have seen that resemble these behaviors that became movies because they didnt end well. Surely it wouldnt matter in the end, as long as we get the recruit right? These places and factories will make organic as possible, vegan as possible, human friendly medication. 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. I stayed through the interview anyways, fully knowing that I was already going to reject the FAKE position they had, but wanted to keep my commitment to the interview,and see for myself what kind of tricks they would verbally try to pull off. 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. I went up to him and asked him about the office manager role. The guy recruited me at the mall and all he gave me was the address, no description of the job, not the name of the company. (The Primerica reps will tell you their payment structure is no different. She wants to meet at a bar in my neighborhood on a Sunday (after church she stresses more than once) to have a chat. 1. transfer job locations to my home time and end up getting paid a little more + be with all my family + be happier. I just received a call yesterday and had my doubts about the process, so I immediately proceeded to research PFS and found this article. I could hear a party going on in the background and the aroma of delivered pizza hit my nose. Agents make outlandish income claims that consumers can make more than $1,000 weekly in the scheme and earn bonuses of tens of thousands of dollars. She asked for my number that way her trainer would contact me to set up an interview. I arrived at what was clearly a low-cost rental space, with walls covered in transparent attempts at making their company seem legitimate meaningless trophies, pictures of random people posing in groups, etc. Yes there are people doing it, there are also people playing in the NFL and NBA, should we promise every kid the can go pro because others are doing it? Its a good thing Im not stupid and always look up companies before I contact them. So many of you cancel your interviews which I understand you feel you need to do because of what other people are saying about the company. I took a few deep breaths and began to greet reps I knew as they began to enter for the Opportunity Night. For the second time since I had gotten here, a warning flag went up. Were looking for employment & to get taken advantage of. Whats this guys deal anyway? One from a news channel and some other random one. They have my info and I am I know I have to invest a whopping $99 to start my business, and another $25 a month for news and training. You have a manager a supervisor and an employee. When I looked at the girls job title, I googled it and found this site. I was a little suspicious, and thought it was strange he didnt tell me the name of the company, so I asked him. Primerica is a financial services company that states it's mission is to help underserved communities gain access to top level investment and insurance products.. Unlicensed workforce gets average 1,250 a year kickbacks from recruits and percentages from sales without license. Nice to know people are exposing this company! I nodded my head in agreement and the interview was over within seconds. I knew something was fishy from the start. It became apparent to me that it was bogus the moment I walked into a completely empty office that looked more like they were about to move out. A little bit of time, perhaps? It came off exactly as I anticipated, money, money, money, completely scripted and complete with props and pictures. I noticed that he put me as a recruiter on one of them, and himself on the other. When i asked for a website he diverted the conversation to something else. The agent was a very nice Italian-American woman who actually knew something about financial services. So glad I decided to do some research before going back. While many financial professional aren't interested in working with the middle class,* Primerica is committed to helping Main Street families save and invest for their short-term and long-term goals. Just went through class. One speaker, the VP/Owner clearly had been doing this for a while and was all about the potential money that could be earned, though was vague on the details and it seemed to me that anyone with a salary job is a sucker in their eyes. I still plan on going to the interview, knowing full well that it is a scam. this is wrong! I eventually gave in and asked for her business card, she told me she had left it in her office. I am a single mother of two kids and I have only been getting one day off from work. I felt like he was trying to get me as a customernot interviewing me for a position. She didnt mention the name of the business at all, and her explanation of what they were doing as others above have noted was rather vague but revolved around financial planning. This site and article is so retarded. The interview was over after he scheduled a home visit to talk to my parent and im cancelling that appointment because Im 95% sure im being scammed. I caved and spoke to her, trying to ask questions about the job but she was extremely vague and told me that she was having a training next week and invited me to come along. Very very glad I read this. 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. Primericas site is for the people they con into buying insurance. Wake up people, youre just blind ?! Those products should be purchased at companies other than Primerica. Didnt add up. I Started a policy with Primerica in 2018, against my better judgement. A few evenings ago. also I asked for what position ? I listened to all the BS coming out of everyones mouth. He gave me the address and time for the meeting andthats it. It is about the education of it all isnt it? He said no and proceed setting an appointment for me. Ugh. Contrary to rumors out there, Primerica is not a pyramid scheme. I would STAY AWAY from Primerica. However the comments of one man on here did not sit right with me. I had an interview yesterday with the regional Vice President. Act really dumb and make them explain things 3 or 4 times. So I got a call from erin at primerica saying she got my resume off of cal jobs. Period. An hour and a half already? Right before the presentation I actually heard ex boss whisper to the young sales man, I thought that this would be somelow hanging fruit for you and nods to me. Once reading all these reviews I called back my recruiter and asked for more details about the interview and he was vague. The insurance of Primerica is a company that is only said to scam people, using the method of false information, I have been 7 years with this life insurance and I am trying to cancel it because every year they are raising the price a lot, and tried to cancel and they are collecting my savings that I have in this policy, Last year I sent my cancellation letter and they do not want to cancel my insurance, I will have to ask for help from the government of *******. By the way, based on those 2.28 policies you sell all year, your commission will be maybe $300-$500, less all your expenses. The whole thing seemed a little off to me. He told me to have a seat and that there was going to be a presentation. A lot of people here who are unapologetic in their refusal to show up to a meeting they said they would go to after doing research, coming down on agents about ethics. But it is however a business opportunityand lets face it other insurance do not function internally much differently. old-fashioned pyramid scheme and the line between the two is blurry at best. These offers do not represent all available deposit, investment, loan or credit products. 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. So, I just said to him, actually there are 3 of them (including Curtis and a lady with a hair cover) that I will decide first and will give them a call within 24 hrs. Glad I already have a good job! Yes. Because MLMs are pyramid schemes in which 99%+ are guaranteed to fail. As they were talking I was looking up scam reviews and saw 160 on another website. mail in a letter with your info, we will give you a call. The VP told me about the $100 fee and the test and how much money I could make working for primerica. When I mentioned that it seems like a pyramid scheme the upline had a rebuttal for it immediately as they probably get hit with that comparison all the time. Some of my friends work for Primerica and do VERY well! The manager said he liked me, from a business standpoint of course. I like helping people. Pre-Paid Legal/ LegalShield is a company that offers basic level legal services as a monthly subscription and a discount for attorney's inside their network. They really helped me make up my mind. Sam The position of trainer really means RECRUITER. How did she get my information? But the point is, even then they required a fee to be hired. so I started to get dressed for this interview but something in my mind said look it up on the internet . I spent an hour on the phone with Vice Presidents in three different areas. PYRAMID SCHEME. Oh Boy. Also, Tracey thank you for your continued service on informing the public about MLM businesses. Thank you all for clearing my skepticism up, time to block Mr. Jack. When called at home, I got a vague assurance that I would be a good fit. Thank you! Duluth, GA 30099-4000 Visit Website Email this Business (770) 381-1000 Primary hours 9:00 AM - 5:00 PM BBB Rating & Accreditation A+ Accredited Since: 1/1/1980 Years in Business: 46 Customer. 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. He picked up the phone and began to dial but I noticed he pressed *69 first.. what, he was blocking the outgoing #?? They were put off because when they ask if anyone had any questions, I raised my arms and stated above. If your goal is endless chain recruiting, you are scum and you belong in a company like Primerica. Meeting ended abruptly, shook hands, and informed him that this probably was not for me. Even asking the guy flat-out wouldnt help, he was pretty slick and dodgy at answering direct, factual-type, questions. And at the very end, drop the bombshell: You know who and what they are, and that youve purposely been wasting their time. Thanks for the info, I got a call from them this morning and promptly cancelled after reading this. A former classmate of mine saw my Facebook post that I was looking for part-time work and called me. She wore a black cocktail dress and quite a bit of jewelry. I seem to have ulterior motives? Never missing a payment! 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. Based in Duluth, Georgia, PFS Investments is regulated by both the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC).