People are recruited into downlines. Plus, I knew I had read somewhere on POL (online website for reps) that it was against compliance to block the number. My current position is a dead-end job and leads nowhere so I was interested in a promising new opportunity. I have reviewed their annual reports (available online). Some are a couple miles down the road and some are across the country or across the ocean to the most fantastic scenery or landmarks you've ever seen. The interview asked me only 4 questions and asked me to sign a contract looking employment form and said that I need to pay 99 dollars to pay for a background check and that i need to get a license. 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. I do believe my guy calls with an unknown number. Very very unprofessional company. The only logically answer as to why this trend has been in effect for years is that Primerica must benefit from this tunover. 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. Yes, the fake interviews have occurred. Theres so many good jobs out there- dont go this route. Were talking about widespread abuses such as this. I actually figured out it was Primerica a few minutes later when I actually sat to think about it. I dont. After, he said I needed a state license to sell insurance and its a 32-hour course that costs $124 deposit. Everyone should ask regulators to look onto all unethical part of lies of this legal but totaly unethical recruiting taliban mashine!!!! She asked if I wanted change of career. Something about honesty. In a legitimate insurance agency, there is a general agent with agents under him or her. I just wanted to voice my opinion. They say that you can get a refund if you are no longer interested. I felt like he was trying to get me as a customernot interviewing me for a position. I show up on time but, honestly, a little worse for wear. My guess, these snakes hack FB profiles and are now on the prowl for new gullible recruits, or this guy probably got hooked into the company and is now using his account to get recruits. Its performed nicely and Ive never had any problem with the company from my standpoint as a customer. I was looking for work on Craigslist and came across a post for motivated self-starters needed for an up-and-coming financial firm. She wore a black cocktail dress and quite a bit of jewelry. Sam The position of trainer really means RECRUITER. Multi-level marketing is not a business. Wheres the money? Personally I have been in the company for 4 months and I have seen what a scam it is. Take time to get out of dodge. 4. In another spot on their website, they suggest that part-time agents may expect to earn about $500/mo (which is also $6000/yr). The lady that answered, said Prime America, how can I help you. 100% commission pyramid scheme? I was unable to find much of anything online until I got the address for the interview. Glad I dug in deeper. Primerica is the greatest opportunity to have your own business ever created. * What is a pyramid scheme exactly? We were all in this rinkadink room, looks like they rented and tried to make it look professional but it looks rushed and had meaningless awards on the walls. 4. Rome wasnt built in a day. From what Ive read, I think I am passing on my interview this week. Im 21 and just recieved a called from them while at work stepping away from the front desk i answered to a guy who gave brief detail about everything your reading above smh not going! Stupid questions.. Im just worried if I tell him I thought about it and wouldnt want to proceed, he has basically ally information, Im in the same position as you i dont want to recruit others and im scared with the info they have. Told my interviewer I would call him back this week with a reply. Was very surprised to receive a phone call, as never applied for anything, still cant understand how did they get my phone number . My own confidence in my judgment is severely shaken. I said no and he sounded surprised. this is defamation. No, its not defamation. I work retail so my hours are crazy. Al? she asked as she reached a chubby, wrinkled hand out to me. All of this is broken into ordinary conversation somehow. Not going to the interview tomorrow. I basically got the same answers I received from the man at Target again. Im grateful for this site and the posts here. The early investors actually get paid those big. He texted me his contact info after my ride and I noticed it said Primerica Inc. on it so I googled it to find out just exactly I was getting myself into. Grant cardone once said if you dont have haters, your not working hard enough. . Recruiting is not mandatory, as you can make a great income with sales (once licensed as per local regulations, which is what the 99 is for). WOW. 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. Needless to say I WILL NOT be going back. And thats why I have not fell prey to their scheme of getting people to recruit. I tried to be professional and somewhat upbeat but also clear I despised working there. I took a few deep breaths and began to greet reps I knew as they began to enter for the Opportunity Night. If this issue was costing them money, they would change it. He said they are looking for people to sell financial products and to recruit and train new employees. If it sounds too good to be true, it probably is. very dumb. The rep is a West Point grad, and seems like a good guy. Regardless, I thought I was really starting the new year great but Im more relieved they taught us about pyramid schemes in high school. Turns out that of the top 25 life insurance companies out there, Primerica is at number 22, and they have a very small share of the entire life insurance market to begin with, even though they have more agents than every other life insurance combined. Its interesting that I came across this, especially since Primerica is also traded on the stock market. And by work, of course, I mean pay them for their 36-week training course and then a monthly fee afterwards. So, if the concept of an MLM is to make money off of the effort of others, how is this different from a Real Estate Broker? A pyramid scheme is a business structure that pays more for recruiting new members or distributors than it does for selling actual product. So I got a call from erin at primerica saying she got my resume off of cal jobs. Tope Trading money for honest goods and services is not a ripoff. I answered and then asked what company he was calling from, something like Frontier Financial Industry and then he mentioned it was owned by Primerica and I immediately let him know that I was not interested. So I booked an interview with him. So what you are saying is that the other insurance companies must REALLY over elevate their prices. But again, Im still chewing on this and your thoughts on these matters are appreciated. They didnt give me an estimated end time for the interview, after about an hour (I was following the MLB Draft on the side) I told them that I had to go and they asked me about the opportunity and I reaffirmed that I already have a job and they told me that they will call me in a couple of weeks about it. I have an interview with them tomorrow. I got suspicious and ask if this is an mlm company (I dont even know why, well, I know a lot about mlm companies from the past). I retired from a 20 year career in the U.S. Air Force in 1993. Is that where you have a head honcho at the top and workers at the bottom, like, I dont know, Walmart? wow I was suppose to have a interview with a person from pfs investments . He also mentioned talking with a number of people at Lowes about how bad the schedule is here as I realized later, he makes the rounds at stores like this, trying to entice unhappy people into a get rich quick scheme. 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. Naturally, none of this sounded normal. The big no-no for me was that I asked him for a pamphlet, like an information sheet and he was like what do you mean. After reading all of comments, I will not be going. I could hear a party going on in the background and the aroma of delivered pizza hit my nose. Hey, thanks for who ever made this page! Operated a pyramid scheme: The company also encourages consumers to become Financial Education Services "agents" themselves, selling the company's services to other consumers. I said okshe continued to talk balg blah blah. Thank you so much for sharing the information! Answer (1 of 24): From my recent exploration of their compensation plan, they are very similar to the traditional broker/dealer -> agent model of insurance, real estate, and mortgage brokers. If you want to sell insurance or investments, do it with a real company, not a scammy MLM. Presumably because the recruiting pool is getting less and less educated. good looking into this before going to my interview today. 2. I tried asking where they got my information from but they said they didnt have that information with them I have an interview tomorrow Not sure what to do HELP! You have to be deceptive to your warm market (family, friends, and contacts). He made it seem like that was the main focus of the company. 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? And this made me laugh what he said next. Action Affect! Multi-level Management is a pyramid/ ponzi scheme. No, I am not very angry with the company. I do, however, believe it is very important to inform people about the truth behind multi-level marketing. Mr. John A. Addison Jr., Co-Chief Executive Officer. I walked into the office and was greeted by a receptionist in her mid 40s. He told me about how his grandfather started the company and now his whole family owes everything that they have to Primerica. 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. Thanks for this website, now I know its a scam and Im calling off the interview!! I got the call on Monday evening from a woman (name witheld by me) asking if I would like to be interviewed for a position with her holdings company, Primerica.She told me she found my resume online and I looked like a good fit. So glad I read this blog almost got scammed. Im going to trust my grandpa on this one. A former agent at It Works, an MLM selling beauty and weight loss supplements, told her firsthand experience of the flawed structure: "We were negative $1,000 after 18 months. I feel dumb. Multi-level marketing. They insisted that you MUST bring a person each informational session, often times calling you out in front of the group. One person wrote that she heard people cheering YES we do that because we support the people who are working and we give accolades to them. The rep asked my questions, saw I am a good person who likes helping people, and told about Primericas business of helping people. If it is such a scam, why is it that people can actually make some extra money once they are trained? Anyways, Im cancelling that visit and now im off to the bank to change my debit card number to be safe. In addition, how Im going to have to pay $99 for license + $25 utilities (no other job makes me do this?). Then after 45 mins he told me to come back. Primerica, Inc. is a financial services company serving the middle-income market offering term life insurance and strategy for investments. I could do it but dabbling in ventures that call on questionable morals is not my thing. All the things he was saying sound good. And if done ethically, sales is a service so dont mask your phone pitch as helping out people financially. If people have to pay for your help, you are selling. I was so mad I couldnt sleep just thinking how deceiving people can be! They know what positions they are trying to fill and what each position entices and dont beat about the bush when asked about that. Me too! Surely a man that professional-looking would be deterred by someone as inexperienced as me in the room, I rationalized to myself. Ive read a ton of comments on other sites as well, and this is just not cool! Pyramids are illegal and would NOT be listed on the NYSE. My father passed away in May. Before they hire you and you begin training (with no pay during this period) they will test your aptitude for this kind of work. I emailed Mark back asking if 10 am worked for him. Because who wouldnt want to make money a % off ur recruits even when your not there to make the deal.We scheduled another appt. 100,000 reps times $25 a month equals $2.5 million a month from its own employees., http://www.businessinsider.com/citigroup-primerica-ipo-2010-4. There were a ton of empty chairs and he said there was just a big sales meeting earlier. Can I get your number, and maybe we can chat? I say sure, never expecting to hear from her again, and leave her my number. A legitimate company looking for new employees is not going to waste more time calling a candidate who did not call them back, particularly considering they had no information on me or my job experience or training. I wasnt expecting this friend would come with another person I do not know and have never met. At first I was impressed; but not so much now. I saw the company 15 years ago and I am SO sorry I didnt jump at that time! Eventually he told me that he was not offering me a job, so I was even more puzzled. Id really like to figure out if it is the company that is the problem, or just some of the people in it. Got a call back today, saying my interview stood out, and to come for a brief information session. Nice to know people are exposing this company! I was very interested in that. $99 fee was mentioned. Its a job application, I dont have to accept even if I get an interview. Feeling like a big dummy and annoyed with myself for giving the man my personal number, not to mention the fact he knows where I work and may come back and try again. Just got off the phone with one of them, It took me like 5 minutes to realize who they were again. Yes, education is important. There is no rational benefit to buying insurance or mutual funds from Primerica today. There was two guys Anthony and some dude who looked like he snorted before he came in. I also am one of the many that got called out of the blue for posting my resume online. 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. I ended up seeking out one of the young men and telling him I was there for an interview with Mr. Blah Blah. SCAMMMMMMMMMMMMMMMM. So how did my interview go? Thanks for your reviews, Wasting time is the #1 sin in job hunting. A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products.As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal. I thought oh boy! As I walked away, I thought it was really weird and random that this woman would just walk up to me in the middle of a Target and offer me a job. Calling me rude, and saying other unprofessional things like LOL. It is really not an insurance company, it is a distribution company that relies on a pyramid to fund the upper class there. If they call and set you for an interview, DONT DO IT!!! So I looked up pyramid scam and found out its an unsustainable business in which the higher ups make money by recruiting poor unfortunate souls like ourselves. I was referred by a friend who recently started working there. I cant believe you even said people should go to the FAKE interview. Hmmm, makes you rethink a few things. Let people make their own decisions. BTW, a presentation is not an interview. For sure I am not going. Heavy on company info and presentation. He responded saying he was looking to mainly fill 2 roles one of which was a representative and the other being someone he could train into a management role. Then I looked up Primerica and this lovely blog popped up. After I finished that, David came in and started his pitch. tell me what you need and we will basically be pen pals. By the time he is licensed, he has alienated many of his friends, made some money for his upline, and is now expected to trick others into doing what he was duped into doing. Had he invested his 30 years with any number of other companies, he could be retiring with tons to show for it. Thanks everyone for your stories. I figured that was the end of it, but she kept calling for a week after. 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. The interview should have been tomorrow but I wanted to learn more about the company so I extended until Monday. I am, so I said yes. They were in my home for almost 3 hours, 10 minutes before they left (which was an hour ago btw!!) It seems like a job interview. Mike No matter what they tell you, MLM is not a business. I know I have to invest a whopping $99 to start my business, and another $25 a month for news and training. I am grateful for the posts by so many and I am glad I cancelled. Well im not going to my interview today. First, I purchased a single mutual fund through Primerica about 20 years ago. Needless to say I found this thread and wont be putting anymore thought or effort into it. He actually asked my associates, first, if I was a good manager, and then introduced himself to me. He gave his spill bout himself first then went on to explain how things work. He also told em they were looking for leaders and instructed me to call him to schedule a meeting. What should I be doing? It is a shame that there are companies out there who still make money off these scams. So happy I dug deeper. But upon going there I saw a completely different picture. Told me to bring my social insurance number with me, because if I pass the info session they would like to start to work with me right away Primerica has the BEST products for the least amount of money in the industry! Pyramid scheme organizers may pitch the scheme as a business opportunity such as a multi-level marketing (MLM) program. Primerica offers web-based learning materials and a practice exam. And no-load mutual funds through Vanguard or Fidelity beat the high expense ratios and sales charges of the ones Primerica offers. If this company is a scam how is it we just ran the closing bell at the NYSE? http://www.sequenceinc.com/fraudfiles/2015/03/multi-level-marketing-is-not-a-business-its-a-pyramid-scheme/. I was in a group with a few other people who agreed to sign on as well. If you join Primerica your commission schedule is ridiculously LOW. The reason for a lack of business card is actually the business model of Primerica. I also know another person who has been doing it for 10+ years now and he doesnt make much at all. Primerica is a leading financial services provider that has been in business for over 40 years, is publicly traded on the New York Stock Exchange under the stock symbol "PRI", and is rated A+ by the Better Business Bureau iii. Generally in my experience, anything that seems too good to be true usually is. Yes, Orlando, pyramids are illegal and MLMs have very carefully crafted their companies to APPEAR not to be pyramids. End of story. And they didnt even give me a heads up. For instance, he said Whats your favorite restaurant? They pitch like they are one the same level as other insurance companies. I asked her who referred me and she said they interview 30 to 40 people a week and that my name was on a list. However the comments of one man on here did not sit right with me. They did not respond to my email but hopefully they do not call me further. This deceptive practices should be reported. At first I was questioning that, arent you supposed to use a business card? I posted thatI was looking for a job and got offered an office position. When I asked about the specifics of the job, they were incredibly vague and spoke super fast. He stepped out of the office and I could hear him sound like he was talking to either a customer or another interviewee. Young people of united states and canada please pass this pages along to your friends . Its all a scam. Take this down before i file a complaint. People have no consideration!!! She also had sold Avon at one time too. *Money.USNews.com, "How to Find A Financial Advisor if You're . I Googled the address and found out it was Primerica. After attending a couple of the information sessions myself. Still no mention of the type of work. He told us the incredibly vague story of how he managed to get one individual from $20,000 in credit card debt down to zero and then into a mutual fund with a 9% interest rate. Another middle schooler came in and went directly to the back where the party was. I joined Primerica and spent about 2 years trying it. Just needed to set up a time. When he came back in the office, he explained that there just happened to be a presentation that night that hed like for me to come to. 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. Her mistake was telling me this could be part time. They told us how the head leader makes over $200,000 , but he comes in with a bag of mini candies passing out to only his team crew. Attitude goes a long way idiots from primerica, be forthcoming and maybe one day youll be able to be human again. A full 84% left prior to obtaining their insurance license. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. She also said if I fit for the position I would need to plan on staying longer to go over more information. Good things happen to those who do what God has asked of them. It was located on the northwest side of Chicago (also where the Primerica location is) in a building that was practically empty and only had a few rooms/offices one the 1st floor and a basement which is where we met and discussed this foolishness. Our entire crusade is to teach people how money works we want to educate the clients so they dont get fooled by people like Citi we broke away from Citi when they were doing the wrong thing Primerica works from the highest ethical standards. Im not joking whatsoever. Will do anything to hire people. Im here because i need a different job and it sounds more like he needs me. 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. As of now, im going to have my trainer (by the way, he always stays in touch, maybe was blown out of the water by some of my morals. Yes, Atlantis the mythical Hellenic city submerged in ancient times. My up line still owes me $500 he borrowed. now she has been pursuing me saying she has another office and she needs someone to run it . Andrea Youve misstated the concept of MLM. The whole purpose is an endless chain recruitment scheme. She chats up the bartender who seems wary of her. I have mine scheduled in a few hours..you saved me gas and time! Im a chatty bend-your-ear kinda bartender, so as shes sipping her coke we start up a conversation. A manager? Then once the first lady satrted talking all I could see in my head was Wolfe of Wall Street. Is Primerica a pyramid scheme? This is a pre-paid legal services plan that provides members with access to attorneys for a variety of legal needs. (Unless of course, you count the harassing phone calls and emails I put up with from MLM cult members.). I kept my head down and fiddled with my phone, then shuffled some papers in a folder, desperately trying to look busy and important. Hes spending more time getting me to do all this than he did explaining the actual job.. 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 would see this slightly desperate look in her husbands eyes every time he asked if I would be interested in joining. That is a big reason why this company has so much negative publicity online (even on its Wikipedia page!). It was a group interview. If it sounds too good to be true, mostly it is..Thank you again for posting! The interview was over after he scheduled a home visit to talk to my parent and im cancelling that appointment because Im 95% sure im being scammed. I never identified the gender of my child (which is a boy, by the way). This fat bitch who wrote this is obviously broke as hell and cant get off her fat ass to do anything. All of his uncles work for Primericaeven Uncle Doug!! Taller than me by a little, he had slightly bigger hand but no grip. Question: Does anyone feel ripped off in their current situation? Money / Side Gigs. Luring young grads seems to be low hanging fruit for these guysmostly because these hungry go-getters that dont know any better. I, pretended was interested, really put on an academy award performance. Would you like to travel around the world if you got rich?
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