No, Primerica is not a pyramid scheme. I sign some kind of agreement that she mysteriously summarizes for me instead of letting me read. Thanks everyone for your stories. IT SOUNDS ABSOLUTELY AMAZING. Especially because it just didnt seem necessary. They saw my FB updates about needing a little more income to start some entrepreneurial type things I was interested in. Primericas main financial advice is the slogan By term and invest the difference which means figure out what a whole life policy will cost you, buy a term life policy, and invest the balance of what you would have paid for whole life into mutual funds. I got an email from Mark that hed like to set up an interview. she never asked for a resume or any back round on me never told me the name of the company until I asked her today . I wanted to light their office on fire (when everyone left of course) thats how frustrated I was. Theres no scheme, no one earns more unless you DO more. After reading a lot of these comments I understand why many people feel Primerica is a scam. Her husband, a mechanic, got invited to a big fancy house and had dinner there. He agreed, however, I had a bad feeling about him and the conversation we had had and decided not to call him back. I was in college when they reached out to me about coming there to work. But Ive been coming up with excuses why i cant meet back up with him because things just didnt seem right after i left that 1st meeting. I reminded her I was not there for a financial health check, but rather for a job pertaining to repairing computers NOT a door-to-door 3rd-party insurance salesman. This may be a rough road, dead end, pain, death and not get anywhere. promote propaganda and sob stories of people getting shafted out of their whole life or group life insurance as a scare tactic. Continue reading 9 people found this review helpful Helpful Share 5.0 I Googled the address and found out it was Primerica. Those who participate have bought into the lie that they own their own business. I went to the interview and we just hire anyone. I looked him up a few months ago. The final weird thing was if she felt like the discussion went well she would invite me to a formal interview where I could ask questions. I walked into the office and was greeted by a receptionist in her mid 40s. She is a mere pawn unknowingly victimizing her own family and friends. Yes, Atlantis the mythical Hellenic city submerged in ancient times. Then he spent the next 5-10 minutes telling me that the company is called Primerica and what they do is sell life insurance, auto insurance, and help people with debt. I am saddened to see this website because the information given is totally inaccurate and people will listen to this guy instead of researching on the GOVERNMENT websites to see that Primerica is an amazing company! I did not quite have the similar negative experience as many posted, but mine was similar. It is a pyramid scheme in which 99% lose money. The receptionist and her shared a vague facial resemblance. Like the $1000-$2000 a month for 10-15 hours a week? So this person who called said a headhunter has forwarded my resume to him and ask if I would like to work for them. I first indicated, I was not interested in selling financial products and not sure I wanted to apply. What legit company does that? I felt anxiety throughout this whole calling session. As far as heightened prices if this is the case how is it that their clients save money on the services? Will do anything to hire people. As soon as I was better he wanted to meet that evening or would tomorrow be better. I had really lost interest by the time he had gotten to the bottom of the first page. No, Primerica does not offer services that justify a higher price. So you see that I neither need to support myself nor expect to support myself solely via my any Primerica earnings AND you see that this particular recruiter, my agent, appears not to use the deceptive and high-pressure tactics used by other recruiters discussed above. Fact remains if you had joined the Primerica team and never reached any level of success you were probably not even trying and waiting for something to be given to you. My Primerica Regional Vice President (RVP) well call John offered to teach me how to call them, to build my team. I emailed the guy this morning after I slept on it and told him that I was not interested and this was not a fit. I wen to to their office and was asked to fill out an application form. 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. epipens, and or anything that a person needs to have to live and is stupid expensive. A lot of people here who are unapologetic in their refusal to show up to a meeting they said they would go to after doing research, coming down on agents about ethics. I was being complimented on how I dress, my smile and my energy,( Im a naturally energetic person) they make you feel safe and secure while your there , but right away I was put off when they wanted my bank info. She had a nice dark tan and spiky hair with maroon tips and very pale yellow roots. At least this way, I can practice negotiating for a higher pay level, and interviewing in general. I was about to have an interview tomorrow but I cancelled it. The woman who spoke with me on the phone came to the front and asked for me. Its dead quiet, and a woman Ill call Mary comes in, telling me she is waiting for someone she had met there the night before. I dismissed the thought as finally, after several minutes, John opened his door and beckoned the man in, intruding himself again. Turning people away from God will eventually turn you away from Him and all his promises for you. I guess I get to add to the list, I received a missed call, I dont check my messages usually and I typically just google the number and see what comes up and then once something pops up I call or dont call this time nothing came up so I called. I entered the room the woman on the phone had told me to go, there were about 20 other people in there with a presenter holding an iPad on his hand. This sounded so eerily familiar to Primericas tactics and MO. The presenter looked like 19 years old and began talking about the company and that it was called primerica. Anyone with money who makes a good living does not discuss that in open form with people at a so called job interview be smarter than the rest of us , cancel , complain and dont let them take advantage of you. This was an immediate turn off for me. im gonna go here them out this Saturday and let them waste their breathe. He texted me the address (unprofessional) and me, being naive agreed. Both part time and full time. Wow, thank you to all who posted about this company. * What is a pyramid scheme exactly? Wow!! The difference was the leadership at Cutco wasnt as slimy as the women who interviewed me when I got introduced to Primerica. Just to note i did research before the interview. I looked them up and it seemed to be life insurance, not a retirement fund at all, so I blew it off. My friend joined this because the company we work at now isnt good and this company made her feel good about herself. So with people like this, I report them to LinkedIn and then block them. Furthermore, in order to get into a hedge fund, one has to invest more than a million dollars out of pocket. MLMs are legitimate but a prospectus or other similar vehicle should be required for prospective recruits just like a stock or mutual fund offering, identifying exactly what fees are involved and what is specifically required of the representative. I understand multi-level marketing all too well. Down below is a tiny non-referent asterisk that tells us to check their claims against the DISCLAIMER portion of the book. Important Mutual Fund Disclosures Not once did they mention anything about a job until an hour into this interview of them talking about prices for my family. https://www.nasdaq.com/press-release/mary-kay-inc.-announces-awards-milestones-and-accomplishments-from-full-year-2022 Anyone quoting pink truth (aka themselves) like this attempted sub-feeder blog and the gm one, I agree! I forget even about the application, the conversation has turned political. It was a sales job selling the best cutlery ever but in fact it wasnt. Fredericton, New Brunswick in Canada. Multi-level marketing is not a business. 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. Im still researching the fact, yet still smell pyramid. Denise Its sad that youre promoting this scam. Operated a pyramid scheme: The company also encourages consumers to become Financial Education Services "agents" themselves, selling the company's services to other consumers. Ive read a ton of comments on other sites as well, and this is just not cool! If your goal is sales, join a traditional company. Got invited to a "meeting" at their office. Primerica. I dont see any suggestion there that newbies may expect six-figure earnings? Glad I didnt waste my time. Discouraged, I climbed into my own car and went home. It sounded awesome until I really started to think about it. Im a server and i waited on this guy and his family. The dude ignored me completely. I have been invited to go to their local stoughton office for the meeting where i would be taught getting out of debt tactics while making $$; spoke about how his son was making 37k a month, his other son having a house built blah blah blah. Theres so many good jobs out there- dont go this route. Our Primerica life insurance review comprehensively analyzes the company's products, rates, potential drawbacks, and more. Did he expect me to conduct this interview? I wasnt expecting this friend would come with another person I do not know and have never met. At the end he asked me for my number and said he had a wonderful opportunity for me because he loved my customer service,attentiveness and bubbly personality and he thinks i would be great for his company. Instead my thoughts were screaming through my mind.. really, what was John doing in there?! Its ok Tracy we still love you. Hadnt I just provided 5 local contacts? They are not giving you a job! So I cancelled, and avoided an unpleasant and wasted evening. But I guess well see what they do to me and all of my information. I still like her, she seems nice. The meeting was for today, in fact. I asked his name, he says Fitzgerald, refused to give a last name. So I just got out of a presentation not an interview. Tameka Bell, How did they make you feel captive? I tell her my mom had me when she was 18 and I grew up poor. 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. Because if they tell you the truth, you wont come in. A pyramid scheme is an investment fraud in which new participants' fees are typically used to pay money to existing participants for recruiting new members. You can certainly shop around for better than what Primerica offers. A full 84% left prior to obtaining their insurance license. Now, I really did enjoy speaking with the woman and we got along great, but the whole thing did sound more like a sales pitch than an interview. It was nice how they fooled some people but I was ready to go after 5 minutes, it reminded me too much of cutco knives sales pitch. It is a recruitment scheme. The recruits have to pay $100 for a credit check and training. Just got off the phone with one of them, It took me like 5 minutes to realize who they were again. I ask because my husband is a real estate agent and his broker always gets a piece of the action (along with everyone else in the office) the broker recruited, hired, licensed, and trained my husband my husband works his ass off the broker doesnt how is this not a form of an MLM? Primerica offers a variety of financial products and services to consumers through their nationwide sales force. No way was a guy with $20,000 in debt able to cough up even $500,000 after 3 years if their figures were correct. The guy on the phone was super nice and seemed waaaaay too eager for me to come in, especially since I told him up front that I had no financing background. And by work, of course, I mean pay them for their 36-week training course and then a monthly fee afterwards. I totally see it now. Its headquarters are located in Duluth, Georgia, and the company offers services across the US, Canada, Guam, and Puerto Rico. Needless to say I didnt invest the time and effort to go back there for the presentation that night. I had a job interview with them, after applying to places that did not have them under it. Laws have been put in place to prevent this flawed business scheme . If you want to sell insurance or investments, do it with a real company, not a scammy MLM. I am not shown this. As I still had about 10 minutes to spare, I drove around the parking lot to make sure I had the right address. He couldnt have known that I am a three time college graduate, having obtained both a diploma and honours degree, in the fields of law and computers respectively, so why on earth was this happening? Today the husband called and said his wife said I had people skills and was very vague and I had to really ask what was the company after the asked me to come in for an interview. Everything I am reading in these comments sounds almost exactly like my experience with them. I have an Accounting degree so I already had a great handle of budgeting but this was really impressive. I mean, what was taken from them? The outdated nature of your claims constitutes libel until corrected. Her choice of language, and orientation rather than an interview, and the location of it (nowhere downtown but rather in a rented space in the outskirts I mapped it out) caused me to beg off, using the excuse that the location was too far for me to attend. I will not be going tomorrow. Everybody is making a cut on the people below them; it goes up to four level. The examples in the booklet are for Bob and Susan Smith, ages 33 and 35. While many financial professional aren't interested in working with the middle class,* Primerica is committed to helping Main Street families save and invest for their short-term and long-term goals. I was approached by a lady who came shopping in the store I work @ now. There are also barriers of entry ex: background check and licensing. If you didnt get the license or actually go on the field then you know nothing. Then she proceeded to ask if I had a Facebook and dont I have friends on there and I told her I dont want to ambush anyone with this and she said they may thank you, I told her no and she said what about in your phone, you dont have anyone. Financial Needs Analysis 2. He wasnt really giving me a clear description of the job, but I still heard him out. It seemed way too good to be true, i was literally thinking to myself If this is real, I can finally afford college. The interview ended there. I just went to a meeting last night, everything previously written by past people are true. And he said the clients love him and are so thankful that he gets invited to birthday partys and what not like ummmm ok I dont care. My up line still owes me $500 he borrowed. But MLM is a ripoff because they promote a false business opportunity. I was supposed to be intervied by Anthony, i wasnt. However, the options you'll be presented with are dependent on your age. The graph had 1 gent at the top and every subsequent tier had exponentially increasing members making exponentially less money. To be honest, I saw a flyer on a corkboard at my university and, as a college student, the struggle is real, so I decided to check it out. 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? Like my parents support me and are very smart with their money. Ok guys,heres my story: I work two part time retail jobs and am seeking to leave both for one full time position. He collects his clients resumes and he did it in front of me. MLM, in contrast, is a scam based on the recruitment of people into an opportunity to recruit others its endless chain recruiting and thats a scam. Were 30 mins in this interview, hes asked me for $124, 3 people i have to refer who will also pay $124, my credit card info, 25 phone numbers to also call and sell insurance too, and then called my parents for a home meeting. They prey on our natural vulnerabilitis and at anytime any of us can find ourselves being lured in. The man and his wife came to our home for a supposed interview. They are masters of manipulation, hyping you up to be a crusader for the middle class. I was approached by a company rep today at my job. Ringing that bell does not make Primerica a legitimate nor a trustworthy business. Over 3 Million people exploited over the last 15 years. I go back into the bar and ask the bartender if a half-blind bartender named Mariah works there. The meeting starts after like 30 minutes past I still dont understand what I would be doing so I start asking questions about the company and I was told the company name is Prime America and how there is no website but that the company is one of the biggest companies in the world. He set me an interview for 3:30 PM, but by 1:30 I had already read these reviews I decide I wasnt going to go to the interview after reading all these reviews. I offered to quickly mail her one, as I had not brought one myself (I already had bad vibes, so I didnt even bother bringing a hard copy). Life Code, the real world. This is a good money maker for Primerica and the finance industry in general- all on the backs of reps. Dont listen to the nonsense check out Primerica yourself! Yeah definitely not going to this after seeing the mass amount of negative comments. Check this out: https://www.reddit.com/r/antiMLM/comments/8ctzhz/almost_answered_a_job_scam_they_yelled_at_me_down/. Glad I saw this! I eventually gave in and asked for her business card, she told me she had left it in her office. He invited me to go to an event of some kind, and I agreed. Just a bit of background I work as a sales floor employee at Lowes so I was pretty skeptical to begin with. . I was in the middle of Target, shopping in the electronics aisle. No, regular companies that are set up with levels of management (such as Walmart) are NOT pyramid schemes. Split between two people working full-time, it really wasnt that impressive. They have a lot of my information? I dont remember exactly what he said to me but I realized Id been lied to and I was so mad that I just walked out. Primerica is an insurance company. Turns out, surprise, she does the math and she is the same age as my mother and her daughter the same age as me. I do wonder if some above posters simply arent aware of either the licensure fees part of several industries and/or of the time and effort required to build a client base in any commissioned sales position? So of course I gave him my number. never said what I would be doing . The Ultimate Road Trip. You may even have to buy products before you're eligible to be paid or get certain bonuses. Well, no touchdown today for you, Primerica! I do not have time to deal with a scam. I just had a very recent run-in with a Primerica recruiter. 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. They are legal, but unethical. The new trainer gets nothing because he is not licensed yet. Company name finally? As I told others about my upcoming interview and was asked things like with who, I felt like an idiot realizing I wasnt given any basic details. I am suppose to have an interview tomorrow as well. cattle calls they lie about and call job interviews. If you want to sell insurance or investments, you are much better off with a company OTHER than Primerica. Its so much worse and you cant get you to six figures even if you work your ass off. He vaguely went over how after the financial health check, customers see how their asset/debt ratio looks and how he then will offer them up solutions to get out of debt and start investing towards retirement. Many new agents are brought into insurance sales through Primerica's recruiting effort. Sizing up the interviewees professional attire I again looked around, feeling self-conscious as I really noticed for the first time how cheap and tacky the office looked with its random motivational decorations and big scoreboard marking sales and recruits. Would you like to travel around the world if you got rich? I really went in to the sales pitch thinking I was going to interview for a position as an IT guy for a small regional set of offices. There were 10 or so young men dressed nicely milling around. I need papers and what not. 3.) Kudos, Anthony Pinto, your attitude will make you very successful! I have a job, but looking for a change, I feel bad for people who are out of work and are honestly looking for a job! Each year, millions of people work hard in MLMs and do exactly as theyre taught, and they still lose money. I dont NEED this job. to sit down with them to straighten their finances out. I dont go to unnecessary meetings or bother my warm market because its a legit service. I was just contacted by one of these clowns and told based on my god given gifts I would be perfect for this opportunity. They focus heavily on helping the middle class with financial products. But the point is, even then they required a fee to be hired. Then post your experience good or bad. As someone whos in commission sales- I feel bad for people who fall into companies like this one. So, I was interested and I REALLY loved the couple and was glad to see and hang out with them after so long. *69 doesnt block the outgoing number. Wow. Probably would not have been any money in the retirement funds when people went to cash out. She called me today asking me about coming in. Had he invested his 30 years with any number of other companies, he could be retiring with tons to show for it. He said there were interviews for the next three days: a group interview and all the others were individuals. Also this was my first job interview, as Im a student. my business. Anther warning flag went 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? There was a Prime America in the office building I currently work in, and I cant tell you how many young, eager, looking people would pull up looking nervous right before their big job interview. old-fashioned pyramid scheme and the line between the two is blurry at best. I kept asking what my role would be and he kept replying that he didnt know, that he could not tell from my resume what I could do and that he was not offering me a job. Its legal, yes..but a scam in every sense of the word, that relies on cult mentality. I felt that it was a pyramid scheme, but was trying to support people in my community, especially after dealing with a traumatic loss of a family member, who didnt have a policy. Those are games we leave for the devil.