BBB Business Profiles are provided solely to assist you in exercising your own best judgment. 5. opening up a store or a chain of stores with their very own factory. He kept asking me weird questions and giving even weirder examples. The Top 25 MLMs by Revenue | TitleMax Why dont I just go for this so-called interview, gather the information they want to give me and make my own decision as to if its something I want to do or not (like Charlotte did). Thank you all for clearing my skepticism up, time to block Mr. Jack. Name, address, social security. He sat next to me while the guy gave a speech on how much money people were making and talking bad about my job. These companies actually have them sell their products. I eventually gave in and asked for her business card, she told me she had left it in her office. The presenter looked like 19 years old and began talking about the company and that it was called primerica. They kept touting how much of a hard worker I am and how valuable I would be to them. If your goal is endless chain recruiting, you are scum and you belong in a company like Primerica. It was fishy at first, but I thought the best of it. I usually check into these things before setting up appointment or returning calls. (Of course, I would also counsel any folks I recruited to the effect that starting with Primerica part-time is the route to avoid disappointment.). The answer, I am CERTAIN, is NO! I understand everyone needs to make a buck. A couple of days ago, I posted the following on Craigslist: Hello, Ive excellent command of MS-Word, MS-Excel, and MS-PowerPoint. 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 had told me they work with middle-class Americans, ones making from 30,000 to 160,000, not people who were making anything over $250,000. He called me again and I ignored the call. Im not recruiting people into a pyramid scheme and praying that they recruit more so that I can make a few pennies. She was upset and wanted to know who told me those rumors. I will not be going Monday. Well he cleared my somewhat strict prerequisites and I accepted his request. Operated a pyramid scheme: The company also encourages consumers to become Financial Education Services "agents" themselves, selling the company's services to other consumers. They saw my FB updates about needing a little more income to start some entrepreneurial type things I was interested in. My ignorance had me traveling well over 30 miles one way. They talk about these bad reviews during training, saying they are written by people who tried the opportunity and failed. Very glad I googled this company and found this blog. I have an interview with them today which after reading these helpful post I will definitely not be going. Overall sounded ok but things started to not add up. etc. It was clear this is a business. I felt awesome, like he had seen the potential in ME to want to spend time teaching me. I felt like he was trying to get me as a customernot interviewing me for a position. I fill out an application. You will be expected to go out and find new victims to sign up for the scam. Just dont give up! I want to shake my head at me too. As I still had about 10 minutes to spare, I drove around the parking lot to make sure I had the right address. Deep down I felt angry.. what part of this was training to help ME? Primerica IS A PYRAMID. please dont look me up. Typically I dont answer those and wait for a message. I dont know man. He frowns and shakes his head at me. Wow thanks I have interview Monday but I will canceled. OUCH! Thank you so much for sharing the information! My ex-employer was somewhat on the shady side. I filled out the basic information and then realized they asked for social security and began to question him. This Primerica Pyramid Scheme Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Primerica Compensation Plan How Much Does It Cost to Get Started on Primerica? Goodness gracious thank you for the comments, almost went to an interview. Whatever I did, however I asked, he would not tell me what positions he was trying to fill and that was a big red flag for me. He did butter me up, but Im no fool and and the fees were ridiculous, didnt make sense. All in cahoots. End of story. I nodded my head in agreement and the interview was over within seconds. Just my two cents worth. Isnt it a blatant cheating? Being very analytical, I would have not had a good interview with another manager in a different company. Comprehensive training, licensing and certification program. Primerica. You have to be deceptive to your warm market (family, friends, and contacts). Eventually he told me that he was not offering me a job, so I was even more puzzled. I was the first one there so I put the lights on and tidied up a bit. Jeb- If you read most of these comments then you should already know that half of them was approached at their job like myself. Oh my bad I guess money is a scam to you as well. So, with that experience under my belt, life goes on. Primerica asks their reps for quite a bit. 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. He told me about how his grandfather started the company and now his whole family owes everything that they have to Primerica. A couple young men were milling about in 3-piece business suits. Anther warning flag went up. Well, okay Atlantis it is. Nice people, very cordial. BBB Business Profiles are subject to change at any time. WHO calls someones parents to schedule a meeting to make them feel more comfortable to work for them. I am not. Mr. John A. Addison Jr., Co-Chief Executive Officer. Watch out especially for Melissa Allen- highly unprofessional, rude- and will say anything to get someone to an interview. Even if this is a legit company, the financing industry was never my thing. No, Primerica is not a pyramid scheme. Schemes use generalizations. I specially remember the leader telling us nave teens (and adults) we were to sell these cutting tools and in order to get a sell (trick people out their money), we had to do the penny trick. Probably not the perfect business, but everyone I know needs to improve their financial situation. I thought oh boy! I thought why in the hell would a RVP of a business contact me, someone with no experience or info out there advocating I have any in such a business and/or roles, and on Facebook!? It is really not an insurance company, it is a distribution company that relies on a pyramid to fund the upper class there. Thanks for this website, now I know its a scam and Im calling off the interview!! Employers are not evasive about what they need. I gave them my information, and even the information from one of my credit cards (which Im afraid that they will still use even though Ive already called & told them to shred/dispose of the information!). He also stated I would be refunded once I completed a certain portion of the tests. Sounded too good to be true about the money and needless to say thank-you to everyone here I will not be going. If this company is a scam how is it we just ran the closing bell at the NYSE? Success in MLM is not tied to how hard you work. Thank goodness I didnt fall for that crap. I can promise you that he wakes up every morning wishing that he could go to work like normal people and not have to deliver that line of BS at the PFS opportunity meeting tonight. She gave me her number and asked to call claiming she was a hiring manager .. tell me what you need and we will basically be pen pals. this woman I met about two years ago at my job . Then I looked up Primerica and this lovely blog popped up. I made to RVP , sold alots of policies yes made money but when my comminity questioned 35 year term beeng level term company simply forced me to step down . LISLE IL. Last week I was approached at my job by two people. Something was definitely off. She chats up the bartender who seems wary of her. I replied BJs (actual restaurant thats very good). He said well if someone were to tell you i can supply you with all the equipment to cook, but you would have to build your own client tale it wouldnt do to well right off the bat right? i said agreed then he replied well thats what i can help you with. Unlicensed workforce gets average 1,250 a year kickbacks from recruits and percentages from sales without license. They used what I told them about myself to further what they wanted from me. * If Primerica is a scam, how have they been in business for almost 40 years? Very very glad I read this. My husband got upset since he was at work and called her back and said no thanks and she said that she could put her husband on the phone to talk to him and try to convince him, my husband heard him out and said no thanks again to which he tells me the man was not happy and cut him off and hung up on him. if I say anything bad about them, he gets so upset. Sell any and all medications over the world. I wasnt amused. Didnt add up. I told him I may know a few but what roles does it involve, what type of work, is there anywhere I can view more information? Then I asked about the $99 asked of you when you interview and he laughed and said are you on Google? I read a post of about how a Primerica employee came for a home interview and spent 3 hours trying to sell them insurance and about 30 mins interviewing them for the position. Website: Visit Website Phone: (800) 544-5445 He invited me to go to an event of some kind, and I agreed. Got a random call for an interview for a job as a trainer that I never applied to. A few evenings ago. Broke people mentality. When I entered the address she gave me on Google Maps, no name for the building came up, which raised my suspicions even further. My biggest issue with most of these posts is the fact that the reps are approaching people in random public places(i.e., work, grocery shopping, launder-mats, job seeking seeking sites, etc.) Report investment scams by state-licensed companies to your state's securities administrator. A real boss would have trained me properly in the first place, not have been so blinded by potential dollar signs and a taking care of ME first attitude. Any conclusions drawn by myself are opinions. 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 you QUALIFIED to spend time with me thing seems ridiculous to some on the outside, I know. I would not call it a scam, but they are overly persistent and do not take a hint unless you are forceful. here is to you. Financial Needs Analysis 2. I need legitimate workdont toy with me. Based in Duluth, Georgia, PFS Investments is regulated by both the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). She gave very vague answers, told me her secretary referred me and that she worked for a financial firm looking to hire about 20 people to work as trainers. So sad. You want a cashier to manage your office? Discouraged, I climbed into my own car and went home. Some people are so desperate for money that they are blind to this. I walk around the corner and watch her drive off, then quickly whip out my phone and Google PRIMERICA. Another flyer announces two meetings. All the money being made in the quick amount of time. This was my first piece of evidence that what they were saying literally was not adding up. I was approached by a lady who came shopping in the store I work @ now. And I was like a job description of what Ill be doing and how the company works. When I told her I was not looking to invest in a life insurance plan and proceeded to attempt ending the call, she said but you have a daughter. I received invite to interview Theres no scheme, no one earns more unless you DO more. Everyone gets invited to stay for the informational session, and everyone will be strong-armed into signing up as a representative. PRIMERICA has changed their lives. Its the 23rd already, isnt it? Blah blahI knew it was bs only because I have had encounters with companies like this when I was younger. This is just like Aimway, they make you sign up and promise you, you will make money fast and easy. If you join Primerica your commission schedule is ridiculously LOW. i said Look ill be honest with you, Im a very cynical person. She told me that she was expanding her business, she worked in financial services, and was looking to hire people. Sorry, I am not signing any employees up for any more pay deductions if theyre not getting the services. (im able to buy back my active years for mil tec job, so when im 47 i will have 2 pensions. He told me he worked with Primerica before it was Citigroup, and to hear that made it sound great because Citi is a huge opportunity in my area. Talking on the phone isnt my strong suit so I just kept agreeing to everything and she was very busy but still managed to schedule an interview for later this week. Oddly enough, the guy who put up the review had the same last name as the woman who called me to interview. I went in, shook some hands, and sat down listening to a spiel chock-full of confusing jargon, just nodding my head and feeding their ego while Im sure they felt like they were doing the same to me. Because who wouldnt want to make money a % off ur recruits even when your not there to make the deal.We scheduled another appt. Went well. Now, I did not get asked to pay anything and was told that Primerica would pay to have me licensed, but I was also told to come back for an open house to learn more about the company. Within a couple of hours. Sooooo after reading all the comments, I will NOT be going. Tamara I have simple advice: Dont go. not entrepreneurial What I found was that most people dont want help with their finances and many (foolishly) refuse to spend money to own life insurance. The individual is a Regional Vice President and he did talk about passive income, which alerted me. remaining 50% of sallys premium go up to my trainer, (again, depending on rank%.) Anyone? She handed me a clip board and asked me to fill out the information requested. I know of plenty of people who need a job but now I dont think this company is legitimate despite the nice phone call. Maybe you dont know that in order for you to have a successful business, you have to work like a dog to build it. Am a cashier nothing spectacular, but I still enjoy it. This affiliation between the two companies is one of the oldest partnerships inside the Primerica menu of products and is fairly popular. He spoke and I listened. I spent an hour on the phone with Vice Presidents in three different areas. The woman who contacted me on Facebook messenger, just asked if I had a financial advisor, and I said yes. OK if that is the case then why are you driving a 1995 Toyota Civic AND why does your wife work FT AND he also had a PT job at GEICO!!!! I did go to an interview with him his office was eerily empty, a dark, one-floor building that looked more like a conference center than an office space. In reality, they own nothing. Luring young grads seems to be low hanging fruit for these guysmostly because these hungry go-getters that dont know any better. Joke of a company, I hope it goes under. Thing is I have a nose for pyramid schemes and multilevel marketers, so my radar was going off right away when I heard all the generalizing. Would you like to travel around the world if you got rich? Mary wants to extend the visit. Why would you not want to help your friends, family, and referrals with this information? You can say all you want about how great the company is, but when a top RVP in a MAJOR metropolitan area of 30 years is sucking it, something is very wrong. If they call and set you for an interview, DONT DO IT!!! The small group of initial promotors at the top . Primerica provides term life insurance at a price that's quite affordable to most families. Because MLMs are pyramid schemes in which 99%+ are guaranteed to fail. I received a call today from a lady at Primerica, stating that someone referred me, & she would like for me to come in for an interview on Fridaybut when I asked who the person was that referred me, she couldnt give me a name. 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. I told them that Id have to think things over, though it took a couple of times for me to say that so that they understood. The theory is this approach will provide a greater rate of return compared to the paid-up dividends of a whole life policy. It is about the education of it all isnt it? She kept saying opportunity rather than job, or career, and my attempts to get more detailed information were deflected with promises of being answered later or at the orientation session being held the next day. Is Primerica a Pyramid Scheme? Here's Why Most People Quit I am a single mother of two kids and I have only been getting one day off from work. Instead my thoughts were screaming through my mind.. really, what was John doing in there?! Important Mutual Fund Disclosures The second, presents a sales pitch on a legal service. Can be a plane, train or automobile. As cool as this possibility sounded, it just seemed way off, I had many red flags that popped up and wanted to inquire on them, one of which I did, but figured Id investigate a bit first. Thanks to all for the above info. Of course, now looking back and seeing it for what it was, I see why he wanted to hide behind secrecy. Anyways, being a young, naive college student I listened to him and eagerly tried out the company thinking I could use them to get my Series 6 and Securities licenses and quit. My experience started with responding to them through Zip Recruiter. She identified herself as PFS, never mentioning Primerica. Primerica also partners with Pre-Paid Legal (aka LegalShield) to offer things like legal protectionand ID theft protection. (Kind of like someone asking you out on a date and then you saying I have a girlfriend, they should get the hint) The guy keeps talking and says something like we should have a discussion when youre free about the position. Primerica offers a variety of financial products and services to consumers through their nationwide sales force. A long time ago one of these assholes gave me a card and took my info, sadly I was told it was a scam after I gave my info.