(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. He did have an office, yes, but that doesnt necessarily mean he made the money to keep it afloat. She said my educational background would be beneficial for helping middle class people., I was really confused about what she was calling about. Wow I just spent $99 on nothing!!!!!!! Unusual, yes, a scam, no. Theres no scheme, no one earns more unless you DO more. The building that the interview took place at was unmarked on the outside and rather desolate on the inside, and it was situated next to a masonry business past the outskirts of the nearest town, of all things. There was literally no way of knowing. I tell her I would like to do more of it. She wore a black cocktail dress and quite a bit of jewelry. Woooowww approached at Wal-Mart totally seemed fishey he took my number no name or business card not looking forward to this call at all how rude to take advantage of people and trick them into better job opportunities Im surprised his pick up line was to Google this company ha cause this is what I found!!! I make a very nice income for myself with a legitimate business. That fact in itself should be an embarrassment to any organization, requiring immediate action. At the time, the IRS called it one of the biggest Ponzi schemes it had ever investigated. You would be an independent contractor, so they dont care what your age or appearance is. 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. Ive been disabled for four years and i finally got a job release in feb 2014.Since i had to change job careers,its been hard drawing my former job skills to be applied to another field.Im currently in a job program called DVR(from the department of labor)in the state i live in.For the past 2 months,ive applied to many jobs thru them and gone out of my own with little success..lol.Ran into alot of companies like primerica.So now before I have the interview with any marketing/sales company,I do tons of research on the computer.Had a person contact me from bankers life and casualty say that im good to be part of his team and told me to come to his office at 6pm for the interview.Only to find out that its a presentation with 14 others,10 left after an 1 1/2 hour presentation(only surpose to be a 40-mins).i was one of the 4 and he liked me and set up an second interview.Took 2 weeks to get back to(and only got set up due to my ongoing calls to him for it)me and set up the meeting the next day-they did the same thing as primerica only they actually had a call list from the do not call listings they use for their referrals for me.A $99 dollar fee plus $149 for inside training upfront.I said NO and that was it.My DVR supervisor gave me a reference for a job that turned out to be a primerica rep.I had to follow up this time and called her-she contacted me that nite at 9:30pm(odd time)and told me that her supervisor would call me tomorrow-he never did.A week went by and out of blue the primerica rep called me and said that she was sorry about her supervisor didnt get back to me.But this time i was ready(i did my research and found tons of very bad reviews and some good reviews from primerica corp. officers..lol lol.When we talked,her excuse was that her supervisor is better to answer my questions and would do so when he calls.He hasnt called but i already know the truth(on the surface and the deep inside shadly truth)about primerica-what they represent and who benefits from their company.I need a job now and need money soon before im forced to live on the streets with my wife.I cant start a new position on empty promises and payment upfront to pay to go to work to make alittle money in the first month after i work 80 to 100 hours a week..lol.Doesnt make sense and its just a waste to put forth lots of effort,time,gas,sweat and patience to make little money just to barely live onlol. Finally, in the course of mulling this decision I have read at Primericas own website that new life insurance agents earned $6000/yr on average in 2013, I think was the year cited. The first red flag of the call was that she did not state the name of the company from which she called. 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. Financial Educator (Current Employee) - United States - March 12, 2019. . What it seems to be is actually a high interest line of credit. So I asked if she had a website to see the company information and she said it wasnt set up yet. Well her assistant texted me the address and I like to research things so I researched it and the first result linked to a Primerica site with that address on it. Is that really too much to ask for? She told me that she was expanding her business, she worked in financial services, and was looking to hire people. Financial Services Headquarters Multi Location Business Find locations Contact Information 1 Primerica Pkwy Duluth, GA 30099-4000 Visit Website Email this Business (770) 381-1000 Primary hours. He told me, and when I Googled it, I found this. I mean, what was taken from them? I asked for a camp name twice she mumbled PCC really fast so i couldnt catch it. Long-term care insurance Personal Finance vehiclessuch as mutual funds, managed investments, annuities, and business retirement plans. I call in two weeks ago to get some assistance in lowering my policy, and I get the run around. The whole conversation was geared towards selling me on deceptively common-sense information about what I assume to be much more complex financial decisions I have a friend who works for an insurance company, and given how much time hes spent studying for his degrees the claim that, in a few months and for $99, I could sell my friends and family (and then random strangers after that) on insurance was certainly too good to be true. I assumed that would have ended the conversation. Primerica Compensation Plan How Much Does It Cost to Get Started on Primerica? Thanks for sharing and saving me the gas money! I am saddened to read this. I would see this slightly desperate look in her husbands eyes every time he asked if I would be interested in joining. I told her that I would tell my friends about it but she kept pestering ME to work for her. Fredericton, New Brunswick in Canada. after hearing these non descriptive answers at this point Im like yea, ok very high chance I will not be showing up. Primerica "pyramid scheme" Reviews | Glassdoor What would that income really be after all expenses, office rents, etc, were deducted? I figured she hired her son to do her social media campaigning and he was just barely starting/lazy. But again, Im still chewing on this and your thoughts on these matters are appreciated. 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. I then googled Prime America and this site was the first thing that popped up. 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. Thats just rude and disrespectful. All the money being made in the quick amount of time. He specifically mentioned that he was looking for a qualified office manager and that my resume looked like I was very well qualified. They offered me an interview for customer service job and said they were looking for people who are bilingual. Real estate is a legitimate industry that is based on the sale of something real. OUCH! No, Mercedes is not the same thing as multi-level marketing. I follow their stock using an app called Searching Alpha, which is an app that has people doing analysis of various stocks. I got a random call from a guy name nico saying that I was referred to them and they have a job opening and I could scedual a interview for me and that I should come dressed business causal and come on time because he is a busy man. Made $100 in a single month. Suck my ass. I knew to avoid them but because of how fast she mumbled the name i didnt research. She talks about them like they are real. needless to say I got undressed put on my gym clothes and went to the gym . Because who wouldnt want to make money a % off ur recruits even when your not there to make the deal.We scheduled another appt. The truth is that the interview is no interview at all. Thank you, I texted her your web blog and stated I WILL NOT BE SHOWING UP. It is generally legal, regardless of the fact that so many have no chance of turning a profit in MLM. But, I didnt want to join the business they lightly mentioned because I didnt really see any real income coming from this and I knew I could make more money doing my own thing if I applied myself. Table of Contents Pros: What I Liked A representative's schedule is flexible. First red flag for me is on LinkedIn. And i was highly qualified for one of their positions. Unlike working at a job where, if you do something great, your boss yells at you because you make them look bad. They are in the business of selling real estate. Is Primerica considered to be MLM? - Quora Ive had group sort of discussions before, but this seemed to be more of them trying to sell me on a position (it almost felt like they were trying to sell me the products themselves) They didnt ask me many questions about myself, so it felt like they were looking for whoever will take their job, not who wants it. not entrepreneurial He works VERY hard for his money and does not seem to be producing a lot of it. They really helped me make up my mind. I know my story sounds the same as many others go figure, right, these guys seem to work from the same playbook but I figured Id add mine. A pyramid scheme is an unsustainable business model in which original investors make money by recruiting others rather than by selling actual products or services. There are also barriers of entry ex: background check and licensing. In order to be on the NYSE, you have to be vetted. He first asked me about past employment, what im going to school for (Chemistry major), my hobbies, etc. Once he started pitching me it was all very clear why. The guy was a fast talker and everything sounded muffled. It all seemed so legit at first and since this was my first interview and Ive been looking for an internship, it seemed perfect. Ive been self-employed all my life and, just like real estate, if you dont work, you dont get paid. 4.) Good luck to you all on your future endeavors. 4. Is that where you have a head honcho at the top and workers at the bottom, like, I dont know, Walmart? When something seems to good to be true, i have high doubts of it. He replied well how can i make you feel more comfortable about this opportunity? I said i would have to talk to my parents after all this was over to see what they think because all this seems weird. Im guessing he was catching on that i was too smart to be manipulated by all the financial opportunities. He then wanted to make be more comfortable by CALLING MY PARENTS and setting up a home visit to talk to them about all this. Gather the information and make up your own minds. I thought that was weird; if youre going around job recruiting at Target, you should probably have a business card. please dont look me up. So this got more fishy. I have an apparent interview with this so called PRIMERICA today and from reading these blogs I will not be going, this looks like Kirby (the vacuum cleaner) a 10 person session and rudeness and inconsideration to those looking for a job I dont think soI will pass on this thanks to all of your blogs its a fraud obviously and I am not going to waste my time on this, thankfully enough I do have a real job and to think I almost turned it down, I got a phone call from this lady name Ratna Kong she was calling me from her cell phone and she told me someone recommended me to her about a position, about being a supervisor and training I knew something was wrong when I couldnt look up her number on google or find her name or the company.thanks again. Its funny how quickly he wrapped everything up with me once he got that call. No one ever said it was going to be easy, and if you thought it was, then i dont know what to tell you. Tameka Bell, How did they make you feel captive? thank you for opening my eyes! He told me about how his grandfather started the company and now his whole family owes everything that they have to Primerica. But for all of you out there who have fallen for this or maybe thinking about it, remember this, When a company asks you to pay for getting any piece of paper, fees, approaching you in odd places,etc., think before you leap, do your research for other companies selling the same product and see how it is or isnt done, then make up your own mind. i have 2 children and single. She lost her job and became an easy target from a fast-talking recruiter that filled her head with a pipe dream. Also, Tracey thank you for your continued service on informing the public about MLM businesses. I am so glad to have websites like these were people can learn a little more about what they may be getting themselves into. Life insurance is a service, and just like any other service, someone can come along and provide the same service for less money. MAIN ADDRESS. Well, all insurance agencies and brokerages have the pyramid payment style. I wouldnt say I was victimized. Its headquarters are located in Duluth, Georgia, and the company offers services across the US, Canada, Guam, and Puerto Rico. Got a call back today, saying my interview stood out, and to come for a brief information session. We chat like we did before she mentions that her daughter Mariah (not her name, but I want to stress the weird detail that the name WAS a variant of her own). I feel so used and abused, and the trust is gone! He been calling me since. I suddenly found his bragging really off-putting. life insurance pyramid scheme companies MLM is not a business: http://www.sequenceinc.com/fraudfiles/2015/03/multi-level-marketing-is-not-a-business-its-a-pyramid-scheme/. ?, Dont you want one of these nice vacations? You pray upon my people and I think you suck. Glad I dug in deeper. It seems the main issue was the lack of transparency by the Primerica reps when discussing the opportunity and the tactics used to get in front of the prospect. Instead my thoughts were screaming through my mind.. really, what was John doing in there?! If anyone can reply below this with advice Id really appreciate it He also has my first middle and last name, DOB, email and phone number. If this is not deceptive, what is? but after reading this I wont be going. Hey Alex, this isnt the first time and wont be the last time a crooked company has rung the NYSE closing bell. I think its great that youre considering getting back into the workforce, and its probably a smart idea to start off part time. I barely spoke and Im on the good side of the manager. I noticed $99 needs to be paid. 8 of the most notorious Ponzi schemes in US history People do real research before you blow an opportunity and not this Google cap where anyone can post anything on it. Now, the warning flags were popping up like crazy! Known as a co-founder of EarthLink, the internet service provider that . I was leary of it so I didn`t go to meet her . Its such bull do do guys. I asked him if he was headhunting and he said, No, Im actually early for a business meeting and your personality caught my attention. At least i can say i tried on something that could have worked. Because if they tell you the truth, you wont come in. *Money.USNews.com, "How to Find A Financial Advisor if You're . If it sounds too good to be true, mostly it is..Thank you again for posting! Im generally really polite and dont want to hurt feelings, and I knew that my current work may expire in December, so I figured Id hear him out and then should I need work in December, maybe Ill give him/them a call. I actually had to call my friend to ask what the position was and he said its something to do with sales.. Tracy did you use to do Primerica and was unsuccessful because you seem very angry with the company? I spent an hour on the phone with Vice Presidents in three different areas. The woman who did the phone interview was very nice but once I got off I didnt even recall what the job was really about and realized she set me up in a few days for an in person group interview. . The theory is this approach will provide a greater rate of return compared to the paid-up dividends of a whole life policy. Primerica is the greatest opportunity to have your own business ever created. Primerica Debt Management How Can You Make Money With Primerica? The manager said he liked me, from a business standpoint of course. And by the way in MLM you dont own a business. You have a contract under which youre permitted to shill for the MLM. Legitimate companies give you details and job descriptions. And we are educated, if we werent, we wouldnt have had researched about primerica. The woman who spoke with me on the phone came to the front and asked for me. No, better not, or John would be angry that I said something wrong. kids dobs and weights,etc. I was not familiar with, Pink Truth, a website I run about Mary Kay Cosmetics and other multi-level marketing companies, http://www.thisamericanlife.org/radio-archives/episode/543/wake-up-now, http://www.cisro-ocra.com/publications/LLQP%20Provider%20Results%20(Jan-Dec%202014)%20EN.pdf, Why Do People Join MLMs? So of course I gave him my number. I retired from a 20 year career in the U.S. Air Force in 1993. Reported to Primerica Legal. I am so glad I found these comments it saved me the time of going to somewhere that was not what it was suppose to be. Long story short I didnt fill out the employee application because I knew right away this wasnt for me. Wow!! Brokerage Firm Regulated by FINRA (Atlanta district office) IA. But like all of these MLM businesses, its not set up for money to be made through only selling the product. Im on vacation. I love my job. Yes, Atlantis the mythical Hellenic city submerged in ancient times. I informed him this job sounds just like the foolishness I mentioned above, and that I will continue to research the company before I consider whether Ill go to interview Friday which I highly doubt I will do thanks to this page! The TRUTH About Primerica - Scam Or Legit? - Duford Insurance Group Was hit up on LinkedIn and Im not looking for a job but still wanted to search out what crazy company was messaging me on LinkedIn again. John breezed through the door and introduced himself then instructed the man to sit down for a few moments; hed be right with him. 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 feel more insulted then anything right now because I think the two I met were only there to seek for people. Ugh. I would not call it a scam, but they are overly persistent and do not take a hint unless you are forceful. Take their advise and apply it on your own people. I listened to the representatives pitch and decided to do the research like many of you on here. He mentioned the company would pay for license and classes and would like for me to start working part time for 5 hrs a week these next few months. Mary clings onto it for dear life. So glad I did. Some people are so desperate for money that they are blind to this. now she has been pursuing me saying she has another office and she needs someone to run it . I've written about Primerica in the past, questioning whether Primerica is a pyramid scheme, and whether PFS is a scam. I interview with a Primerica Financial guy like 15 years ago. In the end i never scheduled a follow up. Let people make their own decisions. I googled ahead of time, but only really to find the place, which, like everyone elses experience around here, was on the outskirts of town in a rented building. Financial Advisor (Former Employee) - Fort Worth, TX - November 23, 2022 ?, Dont you want enough money to rent a space for your classes? 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. im gonna go here them out this Saturday and let them waste their breathe. We need educate general public ! If you want to sell insurance or investments, you are much better off with a company OTHER than Primerica. I just got off the phone with some one by the name of Kelly Marie from prime America she was very anxious to have me come in for an interview. This sounded so eerily familiar to Primericas tactics and MO. Is Primerica a Pyramid Scheme? Here's Why Most People Quit The only thing that bothers me about Primerica is being captive and not having the flexibility to sell other products. It was withheld from peoples pay. I also know another person who has been doing it for 10+ years now and he doesnt make much at all. I went up to him and asked him about the office manager role. Sitting there listening, my mind went back to the phone call that him and I had, when my interview was booked. Where you could start off making $2,000 a month easy with only 4 clients. He also told em they were looking for leaders and instructed me to call him to schedule a meeting. So once I read that it was an Insurance Company I immediately knew it wasnt for me. He told me to have a seat and that there was going to be a presentation. Then i thought to myself who the hell asks for 25 names off your phone and debit card info in an interview? Something about more information.. John said, crisply, Im offering an interview, thats the first step in the process. thats why Im not going back they called me 3 time to reschedule but I did not pick up the phone. Never missing a payment! Primerica Review - Is Primerica A Pyramid Scheme - Scam Or Legit Like many before me, I too received a call by a young woman, Jasmine, stating that my number was forwarded as someone ambitious and hard working, seeking employment.

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