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RVP in Primerica is a license to steal!

  • by   Dec 22, 2008
  • Review #: 142944
CompanyPrimerica
Product / ServiceBusiness Opportunity
Location Arlington Heights, Illinois
Category Finances
Views673
Monetary Loss
$2
 

My wife and I worked in Primerica for 2 years, earned our Green Jacket (Top 150 reps in the company below Regional Vice President) and made it to Regional Manager (1 Step below RVP) only to have my RVP steal my entire team from us and force us out of the business. I always knew Primerica Financial Services (PFS) was a multi-level marketing company but that never bothered at the time. People in the company will pretend to care about you and be your friend but believe me, they don't and they aren’t. They only care about how much money you can make them. If you believe otherwise then you're just as much of a sucker as I was. It's only a matter of time before you realize this yourself and you'll quit.

If you currently work in Primerica, you don't believe anything I'm telling you right now, I understand that. They had me brainwashed too. But right now, you're better off quitting and doing something else. If you want to start a business, that's fine. Do it the right way, get a real job or career, save some money and start a REAL business. Don’t start some multi-level *** that will never work. I'm sure your upline manager has already been in your head. I used to do it to other people. I brainwashed people so that they wouldn't quit and would only listen to me. I've been farther in Primerica than most people you know. I have all the licenses and won all the company trips and did everything they said would work only to have it taken from me. And you know what? The company gives their RVP's 100% control of the office and when my team (25 people actively showing up) was taken from me, the company stood by their RVP and did nothing. I never thought he would do it to me just like you might think your RVP would never do that to you, but it happened. Do your family a favor and GET OUT while you can. I won’t say his name but I guarantee if you’ve been in PFS long enough, you've heard of him. He was on the cover of FYI magazine. (A Primerica magazine featuring the young and successful in the company)

After I left PFS it took me a year to pick up the pieces and get my career back to where it was. PFS ruined personal relationships I had with people I was close to. We were taught if people wouldn't sit down with us and listened to what we were selling then we shouldn't talk to them anymore. I taught others to do that as well. I severed numerous relationships. My RVP wanted me to buy hookers with him when we were in Mexico for his bachelor party. I'm a married man, that's not happening, even if I wasn't married. When we got back from Mexico my RVP was so afraid I was going to tell his fiancé about how many hookers he bought he started to sabotage my business. He started stealing people off my team and putting them under him and turned other people in the office against me. He was stealing overrides from me so I would quit. He had many ways he used to do it. In the end he stole $2000 worth of overrides from me when I was at my father’s bedside after he had triple bypass surgery. At that time my family really needed that money because I was taking time away from the business to take care of my father and his business affairs. My RVP also figured out ways to manipulate the system to win trips that he didn't deserve. That's how he got into FYI magazine. The guy was a total crook. I told Primerica’s home office and even his upline who are National Sales Director's. They all treated my wife and I like outcasts. They all protect their RVP's and that's that. That's one of the main flaws of the system. Your RVP can do whatever they want to you and get away with it. And if you go and complain, they just spin it back around on you and say that you're a negative person and you don't want to work. If you have worked there as long as I have you get to see how it works. It's all about manipulating people to believe whatever you want them to believe.

Listen; if you have a family, you need to GET OUT. Look at what people make below RVP. You can see what almost everyone makes in the company if you’re a member on the company’s website. It only shows the top 25 income earners but not the 1000's of others who make nothing unless you know how to look for it. Yeah, once in a while someone has a good month but then that's it. It's feast and famine. Even IF you make it to RVP, there's still no guarantee you'll make money. Once you qualify for RVP you have to give your entire team away to your upline and start all over again. You know how many RVP's the company has that make next to nothing or quit? Tons. The company doesn't talk about those people though. The odds of becoming successful in any MLM are slim to none!. They sell you on this pipe dream that never comes to fruition/. When you're on the inside, they keep pumping your head with all this fluff so you won't get discouraged because they know if you quit they won't make as much money?. They're employing you for free!!! Don't you get it? You don't own ANYTHING until you've been an RVP that has other RVP's for at least 5 years". Otherwise it has no value/. Listen, do what you want but just think about your family first! Contrary to what your RVP will tell you, the only person that has your best interests in mind is YOU! NOT THEM, YOU! So when they give you this BS about how they're looking out for you, don’t listen! You may work for Primerica now and you may not have wanted to hear what I just told you,. But just remember what you just read the day you finally decide to quit.. That day is inevitable and then you’ll know I was right|. Good luck to you!

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lopsang lopsang
Jun 04  from Phoenix, Arizona
My inlaw is a primerica RVP. He has tried to sell me on the business, but the mlm business isn't my thing. My wife bought a some mutual funds, and after researching them I was surprised to see the amount of fees they charged. All I know is that in the past 7 years he has declared bankruptcy foreclosed on his housed, and had to borrow thousands of dollars from family members who work for 'Corporate America'. So, I'm not interested.
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Been there Been there
Apr 07  from Phoenix, Arizona
I was in Primerica back when it was AL Williams. I made it to RVP, and between office expenses and seeing most of my team move on to my upline and starting all over again, I was struggling big time. I was a top part timer and made it into a promotional book the co. had and thought I would hit it big. I agree with everything the man just said. My best friend who got me into this thing and I lost our relationship over it and I went on to make a lot of money on my own. Last 2 years a million dollars per year. If Primerica is for you, good, but don't let it overtake you. If you start looking at everyone as a potential client or sale instead of a friend or fellow human being, it is probably time to run. I did learn a lot in ALW, and for that I am glad, but at what cost? God Bless You all.
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Primerica scam Primerica scam
Feb 06  from Kent, Washington
I make $30k a month but its not with primerica. I can't believe how many fools fall for this company. The motivational Facebook posts and talk about rings, trips they are about to go on or the amount of money there going to make. These people are brainwashed.
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anythingg567 anythingg567
Jan 30 
Wow your page is full of hatred that over shows the truth in wish you are trying to speak of. The overall outlook is depicted as an insult to one RVP you knew. There is a lot of other Rvps that generated overrides which help an individual start to create there own business with the extra time you have freed your self of. Primerica is simulating the government with all the 100k minimum early earners in which they have created more that Microsoft has and there personal ties to each other have very little to do with your Rvp business because its your business now. So before being such a hater think of the whole round picture America is a business competing business and primerica is going to become one of its greatest tax assets with all the Income they make. Yeah you have to work to make it to the rvp position but its all a learning process of what the future of the change of the ages from industrial age to the informational age will have for jobs. Stay alert. :x
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mimi mimi
Jan 24  from Toronto, Ontario
My wife and I were part time representatives for many years. Learned a lot about a lot HOWEVER I must admit the products are not necessarily the best. Do your own comparison for Term insurance and you will realize you can get same coverage for much cheaper. From the agents point of view, compare commissions that are paid to their representatives and you´ll see that primericans are well underpaid. The one advice I give to anyone looking into Primerica is that investigate your RVP and your upline to be. If your RVP has not had much growth in the past years than chances are something is terribly wrong!! This was my case. An RVP stuck at the same income for over 10 years. Seriously, so you think they can really help you get where yo need to go? Find someone than can!!!
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Jb960000k Jb960000k
Nov 05, 2012 
Winners win and losers loose, hello LOOSER I CHOICE TO WIN IN PRIMERICA AND YES YOU HAVE TO GIVE UP A REPLACEMENT FOR YOU TO GET PROMOTED TO RVP , OBVIOUSLY YOU DID NOT HAVE THAT MUCH OF A REPLACEMENT.
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sean dean RVP sean dean RVP
Sep 15, 2012 
Maybe y'all didn't have what it takes. Everyone loses their best leg and still has 5 or so (if you do it right). And yes Im on my way to 700,000 for the year!!!
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Been There Been There
Apr 07  from Phoenix, Arizona
I only mentioned how much I make anonymously,to let people know it doesn't take Primerica to do it. One of the things Sean that always bothered me about ALW, was how everyone knew your business. How much you made, how many sales you and your downline had, and everything else that is no ones business. I'm happy for you that you may make $700 K this year, but why does everyone else need to know. It's what keeps the 99.9 percent around for a while to drain them of leads before they inevitably quit. How many agents has ALW, Primerica had since it's inception? Millions?
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SpineDoc SpineDoc
Jul 30, 2012 
Written by a true weenie. Get over it. Take your failure like a man and move on and stop making up lies to cover for your lack of focus and laziness.
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Experienced Experienced
Feb 28, 2012 
Primerica is absolutely a joke--stay away. There is absolutely no marketing or training support. Almost no one makes any money with them. Of course, of the millions they hire, a few will make big bucks but the company throws those in your face and ignores the fact that 99.999% of the people who join make little to nothing and have to quit to find a reliable income.

There has been serious discussion by the regulators over the years of shutting Primerica down as an illegal pyramid scheme but the company manages to skirt the law by offering "products." Of course, the only sales that occur are out of pity-if the market would determine the results, the Primerica products would never sale and the organization would collapse as a pyramid.
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PFS District Leader PFS District Leader
Jan 26, 2012 
If you were a Regional Leader trying to go RVP, the upline RVP does have the right to choose replacement legs to stay under him when you leave and go RVP. This gives him an incentive to actually promote you to RVP. When you leave his baseshop, you take a huge chunk of his override and bonuses away from him, much of which he (should) have helped you build. So giving him a replacement leg is like 'buying out' your position in his hierarchy.

If he took your entire team from you, then you must have only had a few direct studs and the rest of your team either sucked or were downline to those studs.

I had the honor of being one of three replacements chosen when my upline regional leader went RVP.

I didn't care for the idea at first, but after a few years of seeing how it works and why, I think its a great idea and motivates existing RVP's to promote their team members to RVP.
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Esteban Esteban
Nov 02, 2011 
TO MARTIN.....

You are A RVP and not a Rep. quit lying.
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nancy nancy
Sep 12, 2011 
the person who sold me life insurance has been under reporting to the irs for 15 years to the tune of 2500 a month.....working under the table because they can't make it in pfs...and most of these folks are just too lazy to work hard so they are looking for an easy way out....mostly AA females looking for daddys for their babies.
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Bob Bob
Sep 10, 2011 
If You want your Primerica "advisor" to be a Pizza Delivery guy then get a policy with them. They Pride themselves on helping other and they screw their own recruits by taking away all of their sales. THIS COMPANY is a JOKE!
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Millie Millie
May 12, 2011 
OK, some of you have it right, some of you have it wrong.

What Primerica is, is a great opportunity for you to get your insurance license, investing license, and lending license. You don't necesarily have to stay with the company if you don't want to - now that you have your licenses!

It's not a pyramid scheme because you can make MORE then the person who hired you.

There are legal pyramid schemes all around us, and they are called BUSINESSES. You have your regular employee who makes an hourly wage, and then you have your manager, and then your board of directors, your CFO and CEO. The pay goes up as the title does. But I can guarantee you that no one makes more than the CEO. At Primerica, you have the opportunity to make just as much as the president of the company - you just got to WORK for it.

They offer GREAT commissions - but you have to work for it. You can make up to $1,400 dollars off of one sale of life insurance! So that means if you are the average american making $30,000 a year... you would only have to make 2 sales each month to keep your pay check the way it is right now! only 2!

Not everyone is cut out for this kind of job. You have to be self motivated, ambitious, and willing to set goals. Also the faster you go through the first few appointments/sales - the faster you move up, and the higher earning income potential you have. So you better get it done fast and not drag your
... Show more
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martin martin
Mar 19, 2011 
I started primerica part time a month ago and have been promoted to senior rep with a $500 bonus... More than most ppl get at any part time job.... I know plenty of guys and women with the 100k a yr ring proving they make 100k + a yr... It's simple: if you do it, it works. Takes harder work than ppl think but if it didn't work... Primerica wouldn't exist... I have a friend who complains about it and says it doesn't work but its funny cuz he hasn't even gone out to sell anything and expects to make a lot of money. He says he can make so much more at any other company... So what confuses me is why doesn't he just leave? Lol. Funny thing is he is broke. His father also doubts the company, of course since he works at United Insurance.... But he's not even close to 100k. A Year and comes home late and is always complaining about money... Btw the first comment about the guy who worked in it for 2 yrs.... Who the *** cares if ur rvp partner hired hookers....? That is completely irrelevant to primerica you *** ***, man
up ***. In every company there is a cheating husband, you should take pride that u are loyal to your grenade of a wife and move on not making 100k a yr :)
Reply
Been There Been There
Apr 07  from Phoenix, Arizona
Dude,lay off the anger, it can only kill you. Hopefully you have lot's of term insurance for your beloved wife and family.
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Steve Smit Steve Smit
Dec 10, 2010 
Do your own research at www.pfs.thomasfinancialgroup.net and then email me if want an interview to be hired at our independent financial services company. steve.smit@thomasfinancialgroup.net
Reply
D. Turner D. Turner
Dec 02, 2010 
Primerica was the first life insurance company I worked for in 2000. The product is a joke and your commissions are VERY LOW! I have talked with several Primerica agents this year and recruited them to a better company. Primerica charges you to work for them. The company I am with does not charge the agent, gives great comission rates and a FREE website.
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gmanon gmanon
Nov 29, 2010 
Oh boy! I just got licensed in Primerica, I passed both tests at my first try. Six presentations conducted by several trainers using my friends and relatives who were willing to and no sales, no referrals and no money at all. I almost lost the friendship of one of my cousins.

Finally, unable to become Pacesetter and therefore I got zero refund.

But like you said, if you disagree or just can't do what they want you to do, you are negative and uncoachable.

Thanks for your post.
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