Victoria, British Columbia
1.2K views 129 comments

Last year I met a very friendly couple in the dog park.We began chatting a bit and before I knew it they had so much to "offer" me.

A way out of the service industry (I was a waitress) and all the support I need to make sooo much money with this new career they promised. Well, whats the harm in talking with them more about this? That's where things started getting fishy.

When someone approaches you about a job, take a hint.

Nothing good in life comes easy! Primerica is a pyramid scheme and going to their little meetings reminded me of some sort of cult. They only make money by recruiting other people to do the same.

Not saying this company is awful but the people that work for it are only out for their own gains, so before you quit your job to sell life insurance, just remember that they do NOT have your interests at hand....

Review #126999 is a subjective opinion of a user.

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PLUCE
New York, New York, United States #905025
Primerica Credentials:
- Listed on the New York Stock Exchange under symbol PRI (Warburg Pincus one of the biggest investors, among many many others, what research do YOU think you can do that these guys didn't?). Stock keeps going up since 2010, when it started.
- Certified member of IMSA (Insurance Marketplace Standards Association [might've changed the name])
- AM Best "A+" rating (best rating you can get with them, they rate financial strength of a company)
- Better Business Bureau [bbb.org] A+ rating (best you can get)
- DALBAR Award winner 13 years straight (regarding Primerica mutual fund investments) - FindTheBest.com customer rating 4.7/5 as of today - Nasdaq released this article recently (November 4th, 2014 - http://www.nasdaq.com/article/investing-in-socially-responsible-companies-primerica-inc-cm409383) As for "Buy term and invest the difference", Primerica is the only life insurance company in North America to sell ONLY term life insurance. Ask a financial professional (including Suzie Orman, Dave Ramsey [FOX Business]) what type of life insurance you should buy..... Legitimate? Yes. It's a VEHICLE to be paid what you're worth, if you put the energy in. Simple? Yes Easy? No. But then again, nothing worth attaining is. But keep listening to these folks on here. No office is the same, and not everyone is top notch in terms of quality of training, professionalism, etc. Financial independence: You can either get it saving for the future and
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Tish
Austin, Texas, United States #710085
Look here's the deal no one can ever offer you an opportunity if you are unwilling to work the proven system. Primerica gives you an OPPORTUNITY to make a good living. The outcome is up to YOU.
Anonymous
#694733
Who wrote this article? WHY NOT SHOW YOUR NAME AND LAST NAME WITH A PICTURE OF YOU? why you write by anonymous , bc If you did write your name and show your picture, they can sue you
Used to be there
Toronto, Ontario, Canada #667335
Last 2 years over 400,000 recruited and a total of only 2800 make over 36,000 a year. Imagine the amount of people that have been recruited in 33 years and still only a total of 2800 make over 36,000 a year.
Very low commissions as the money is spread up to 12 people.
Jessie
to Used to be there New York City, New York, United States #702518
So what does that mean? The people who made less than 36,000 a year did not benefit from working with the company? All of them would have learned financial concepts that are PRICELESS and something they probably would have never learned. What other research did you do? Did you find out how many of them made $1,000 and were able to pay off some bills? Did you research how many of them are making an extra $500 a month and educating their family and friends on different concepts? Did you research how many of them were able to make or save a few thousand dollars by taking advantage of the services as they learned? Because I'm POSITIVE some of them made a couple thousand dollars, and some of them made a couple hundred. So what about that? Everyone walked away with understanding financial concepts, learning about how distribution business works, and made a couple hundred to a couple thousand. So what's so wrong with that? SMH
gaza
to Used to be there Atlanta, Georgia, United States #706890
You are suppose to build your own business. The company supplies all you need to build your own business. If you do not use the resources and actually put in the time and effort to build your own business, who fault is it? Yours or the company? People come in sit around and wait for money to fall in their lap. It does not work like that. Nothing works like that! Working for McDonalds doesn't work like that! If, you don't put in the work, you don't get paid. Simple. Only difference is you are the boss and you are the one doing all the hiring. Beside the money you do get is money you didn't have before. Whether it is $3,600 a year or $36,000 a year, it is more than what you paid to start your business. At the end of the day, it is all profit. Step your game up and stop complaining.
PMDT
#663083
People who say Primerica is a pyramid really don't understand the concept of a pyramid. If they have a job, they are in a pyramid structure business. All companies are structure as a pyramid, whether its a small business or a large corporation. There's always one or two people at top and then there's vice presidents, regional managers, district managers, and finally the employees.

So is Primerica a pyramid? The answer is no. Primerica is a multi-level marketing company in which products are market directly to the consumer by direct selling or through referrals. Agents in the company acts as distributors and each distributor can build their own organization by building an active consumer base and/or by recruiting a downline of independent distributors (who also can build a consumer base, increasing the size of the organization). Distributors earn commissions base on the sales efforts of the organization. Primerica is probably the one of few legal MLM companies that doesn't exaggerate what people make or force agents to buy products before they can sell it. And the products offered by Primerica truly benefit the consumer.

Despite what people say about MLMs, Primerica system works because there are over 1000 people making 6 figures and over 50 people making 7 figures. There is no other company that has more successful business leaders than Primerica. Primerica has a goal of paying $1 billion in compensation in 2010. I believe the company is on
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Not a dummy
to PMDT Los Angeles, California, United States #670422
This is simply not true. In order to make a lot of money with this company what is the one thing that has to be done? My guess is you have to build a team and then you make more money when your team goes out on their own and builds their own team.

In the real business world the CEO of the company makes a lot of money because it was his idea and he or she is the one paying for everything. Employees are not told at APPLE INC. for example to go out and recruit more people and you will make more money. They make money by selling a product and they get a wage for doing so and it does not matter who they refer or bring into the business.
Anonymous
to PMDT West Little River, Florida, United States #710054
Try worldwide and Amway. They have more money
vinski52
Tomkins Cove, New York, United States #617013
the only thing you need to know is that legimate companys actually advertise legitimate products, and the consumers come to them, have you ever seen a commercial or any type of advertising for primerica. there offices hardly even let people know who or what they are. if there products do as much good for families as they say they do, and they are as good of people as they say they are why wouldnt they want to spread the word on tv and the radio and magazines and flyers, anything. because the truth is they dont have competitive prices. the biggest crime is they get you to sell like an agent and then pay you a fraction of the commision and they never really educate you on anything but ways to bring them more gullable people to dupe on your word. and when you ask them why they dont put their name out there they will say that what they tell people and sell people is priveledged and only you and your friends and family that they have never met and dont know from adam are good enough people to recieve this information. stay away and dont kid yourself people just because you can pull something off legally doesnt mean that its ok to lie and decieve people and waste honest peoples time who are trying to earn an honest living, and believe me there is nothing honest about any of these people

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