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Primerica - Pure scam

  • by   Apr 28, 2008
  • Review #: 119157
CompanyPrimerica
Product / ServiceLife Insurance
Location Thibodaux, Louisiana
Category Financial Services - Consulting, Marketing
Views879
 

Primerica took my $125 a month that I was paying for 250K and gave me 450k for $100 a month.Which saved me $25 a month.

Then I put the $25 I was saving a month and put it into their mutual fund. If the mutual fund performs like it has the last 75 yrs., I will have 33k, after the 30 yr. term. It must be a scam, b/c citi backs them and we all know citi got to be that big by scamming people.

I know that it sounds to good to be true, but its not. This is what is available to people, banks and insurance companies just don't reveal their secrets.

They don't want you to be smart, becase they lose money when you figure it out.Good Luck! 38a6163

 
 
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Neko Neko
Apr 02  from Stockton, California
So, sounds like everyone is either talking about working for or getting hired by Primerica. What I want to know is if you do get insured by them and actually have to file a claim, how will that end up? Has anyone had any experience with filing a claim and receiving their benifits?
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Texas Texas
May 16 
The claim filing process is quick and straight forward. My personal interaction with it was as painless as possible and the company paid the entire claim without a hiccup.
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Joe Joe
Mar 08  from West Palm Beach, Florida
Before deciding joining primerica or not, listen to those people please. On the primericabusinessopportunity website. I'm a mechanic working part time with them, I have my life license, series 6, 63, 65, 27. I'm studying for my series 7 right now. Primerica is not for everyone, you have to be passionate about helping people before the big bucks come.
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haha haha
Jan 15  from Bethel, Connecticut
I was contacted by Primerica today.

Here's the thing you have to understand.....

If a job has to do a group interview and presentation to and ask you to pay to come work for them...that should be your red flag.

They profit off of your family (which is why they ask you for their info), and you make more money the more people you bring in.

Pyramid scam was the name for it years ago, then it went to Multi-Level Marketing, and I forget the new industry term, but at the end of the day they sell you on a job, you pay to get hired, and you give your family's info to get started.
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Not a Primerica agent, but ope Not a Primerica agent, but ope
May 17  from Little Rock, Arkansas
Sounds like you're a B.E.M. (Booger Eating ***). You obviously have no clue how multi-level marketing really works. For the sake of your own family, get educated.
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Chuck Chuck
Sep 26, 2012 
Being "On the NY Stock Exchange" is no indicator or measure of legitimacy. Bernard Madoff's company was after all, listed in the NY Exchange and NASDAQ as well as European exchanges. And we all now know how well that turned out.

I wish all participants well in any entrepreneurial efforts and hope the natural decadence of "MLM" systems won't disappoint.
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Trista Felton Trista Felton
Sep 11, 2012 
Just to let the people out there that think Primerica is a scam, you are wrong, i work for primerica, we are on the new york stock exchange, and if you listened in your interview, the 99 dollars you pay is for your background, and you get that back it is included in your 1000 sign on bonus that you get after getting your liscense, that, in turn, remind you, the company pays for... so tell me exactly how that is a scam, oh and the reasoning in the list of family and friends is to get your table interviews and training done. How do yout think you are able to work for Primerica not knowing the business.... People... Stop being so ignorant
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Dick Creamypants Dick Creamypants
Jul 26, 2012 
I once let a prime rica rep touch my hole and give me a rusty trombone while he consolidated my debt. He even ate te dingleberries out of my pubes afterwards. It was awesome.
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JAVIER NEGRETE JAVIER NEGRETE
Jul 26, 2012 
I JUST WENT TO AN INVERVIEW? FIRST THEY SAY THEY PROVIDE LEADS AND CLINENTS. THEN TODAY THEY WANTED A WARM UP LIST OF MY FAMILY AND FRIENS? OR IF NOT I HAVE TO PAY $99.00 TO START. IF THEY HAVE A HIGH CLIENTEL WHY DO THEY NEED MINE FAMILY AND FRIENDS?, SOMEBODY SAID IT IS LIKE A PERIMIND SCAM WHERE THEY TAKE YOUR MONEY AND THEN YOU NEED TO PUT PEOPLE UNDER YOU FOR YOU TO GROW. I THINK THE CIA IS BEHIND ALL THE SCAMS THAT’S WHY THEY GET AWAY WITH IT, WHO ARE THEY GOING TO CALL AFTER THE CIA? GOV.? THEY CATCH ALL THE LITTLE FISISH AND THE BIG MONEY RUNS LAUGHING ALL THE WAY TO THE BANK! WHAT I WAS TOLD IS THAT PRIMERICA WAS ONE OF THE ONLY INSURANCE COMPANIES THAT PAID OUT ON 9/11? IS THAT TRUE? OR SOMETHING TO JUST MAKE THEM LOOK CREDITABLE?=I GUESS IT IS A SCAM BECAUSE THEY DONT WANT ME THERE OR THEY HAVE SOMETHING TO HIDE? AND THEN THE PRON INDUSTRY JUMPS IN AND SAYS?=WE CAN HELP YOU PAY THOSE BILLS???FUNNY.
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dudley dudley
Jan 17  from Warner Robins, Georgia
Dude why are you yelling? And learn to spell. That made no sense.
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Proud to be a Primerican Proud to be a Primerican
Jan 22 
I hope they didn't accept your IBA. It's obvious that you represent the shallow end of gene pool.
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mark baker mark baker
Jul 25, 2012 
how is this a scam they pay for ur state licence u can take those and sell ins.anywhere u want they do backround any felony u dont get hired mlm r not always scams i work for vitel and we pay ur bills and if we were a scam then verizon t-mobile- sprint dish all the prepaid carriers wouldnt be with us check it out www.markbaker.1.myvitel.com :javascript:ac_smilie(':)'))
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brandon brandon
May 25, 2012 
There are so many idiots posting on here. The only people who complain about working for Primerica are the lazy ones. Whole life, variable life, and universal life are scams.
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AllieSoma AllieSoma
May 18, 2012 
For the person who said the people in Primerica did time, then maybe you are clueless as to insurance regulation as you cannot have been convicted of a felony and pass the background check Primerica gives to all of its new reps.

As for having all this time to post, when you can work for one day and make the same amount of money working 40 hours in one week, there frees alot of time up.

Why read the posts? This is a combination of looking for something funny and knowing what the people who may have a good chance at finding an opportunity that fits them will be running into when they get home from the interview if they are not willing to find out for themselves what the company is about and if it will work for them. There is a difference between opinions and facts.

Scam....a scam that Warren Buffet, Fidelity, JP Morgan, and other financial greats as well as thousands who have purchased Primerica stock on the Stock Exchange are all part of. By the way, it has been around for over 34 years and has the highest number of millionaires in a company.

Pyramid....like a boss then a manager, then the assistant manager, then supervisors, then workers...just like Burger King...each getting paid just a little bit more with every promotion. That's just like it! You can get paid very well without ever recruiting ANYONE. Still, in the workforce you are either recruiting or being recruited so why not be the recruiter for a... Show more
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HammerDown HammerDown
May 12, 2012 
Sad to see these Primerica bottom feeders posting lies and garbage - if they were making so much money why are they trolling sites like this spewing their puke?
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josh josh
Apr 24, 2012 
this is not a scam. i was scammed by a company called sfg. i sat down with a guy from primerica and just by looking at my finances found a way to save me 500 a month and get outta debt in 12 years meaning my house i just bought and credit cars will all be paid off. it sounds to good to be true but its real. and they no longer work with citi banks. they left them and are contracted by a different company. let primerica change your financial future.
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Kim Kim
Mar 28, 2012 
I received a letter today from Primerica. What should I do? I set up an interview for Monday, but after reading this I am confused, Is this a scam or not, kinda sounds that way to me. I do not want to be involved in any way shape or form
with a company that is not the real deal! :zzz
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insider insider
Jan 11, 2012 
Had you posted this fake "complaint" a couple of years ago, you would have bragged about how Primerica saved you money on your mortgage, too. That was the script back then. Its similar to the one you just regurgitated. Obviously a rep.

If you guys are so busy winning and out-working everyone else, how do you Primericans have the time to go into sound-off forums and defend your company (of fools)to anonymous people who are never gonna buy anything from you. HINT we are not good prospects here. Get your butts down to Burger King where you belong.

And practice flipping my burger while you are there, you will need the skills.
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Mike L Mike L
Dec 31, 2011 
I was with these idiots for almost half a year. They were located in a strip mall, "recruited" new members in garage parking lots, bus stops and fast food restaurants. They talked about how much money they made but then had to beg at group meetings for money for new projectors.

This MLM outfit requires those with no morals about pressure selling, even to friends and family, and is a total waste of time. Selling idiots dreams is what they do. I joined them to network but the human refuse they recruit have no connections unless you want to know people who've done time.
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tony tony
Dec 22, 2011 
primerica is like amway. it is a pyramid business. you have to recruit people to work under you to make any money.the more they sell the more you make. to do it alone is not going to work.
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