Just then someone clearly answered because he quickly spoke into the mouthpiece, his voice fast and sharp, Hi, Im looking for Amy I listened to the call and to him book the interview, but my thoughts were jumbled. I drove out to the location, got there 15 minutes early, so I sat in my car. It sounded awesome until I really started to think about it. To all those who think youll make money from this, it is mathematically and logically IMPOSSIBLE for EVERYONE to make money in a business like this. First red flag for me is on LinkedIn. What should I be doing? I respect that! Glad I found this page though so I dont have to waste my time or money. Just got a call from a Primerica recruiter, who set up a alleged interview for tomorrow. Yes, the office/team gets part of every sale because they play a part in every sale. The individual is a Regional Vice President and he did talk about passive income, which alerted me. My initial interview appointment was a positive experience, but the compensation structure (or lack thereof) was raising red flags. It would be too painful to add up all the hours, dollars, and gas I had so far invested into this business. She said she wanted to talk to me about something she & her boyfriend, someone I also know, were doing, and wondered if I would be interested in going to a little meeting at her office. Reading that it is a Citibank subsidiary was a surprise; that products and services are not the best value is in direct contradiction of what was said as I recall. I dont know why, but I say okay. This fat bitch who wrote this is obviously broke as hell and cant get off her fat ass to do anything. My only piece of advise. Most of the money on the financial products you sell will go to YOU, rather than some pyramid. Clearly if one can do that for another, one should be able to pocket a nice income Once she quit her little dissertation on the gap between the upper class and middle class and how the middle class can become upper class with our help, she told us to wait as she brought in the guy who had written the review for the company (5 stars. I received a call from a rep from primerica. Now what?! I could barely understand the guy. 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!!!! He introduced me to that person and I presumed we would be going to an office. There are too many of us out there that are unemployed and in search of a real job with steady income. Long story short I didnt fill out the employee application because I knew right away this wasnt for me. Thanks for the info. Not going to the interview tomorrow. Once reading all these reviews I called back my recruiter and asked for more details about the interview and he was vague. You will be expected to go out and find new victims to sign up for the scam. Its funny how my perspective has changed. Needless to say, Im glad I got out of that one. They are in fact the Primerica guys, lecturing the invited people to pay them $90 to own a business license and the usual multi-level marketing stuff. 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. . Very glad I googled this company and found this blog. I was an Amway distributer years ago. Is Primerica a Pyramid Scheme? - FairShake I thought I had a job interview today where the man switched to trying to get me to be a Primerica rep. Yes, Primerica is an MLM. If you could imagine all the evasive answers and asking me if I want to do an application. 2. He set me up with an interview with the lead, and when I went in, it was really no interview at all. She told me, I dont think of it as sales, but rather as helping people; dont you want to help people? I replied, yeah, by repairing computers, not by getting them to give me their money and expect unrealistic returns on their mutual funds! Well, dont you want to see what sort of assets you currently stand to retire with? No, came my reply, do you have a need for an IT guy or not? We need people from all walks of life! she reminded me. He said he wasnt interested and she stopped him by saying that she wouldnt take no for an answer and proceed to schedule to come over to explain the details of her opportunity, we exchanged numbers and walked away since my husband was annoyed with the lady already, we bolted from the store and went home to google the name that i had seen on her sweater and we came across this post, after reading all of the comments my husband txt the lady to tell her that he was not interested in what she was offering and she responded with like three emails back to back insisting that she come over with her husband to explain to us what they do, since she was so vague at the store. PLEASE DONT GO. Just got off the phone with a recruiter from Primarica, and he made it sound like he sought me out for this position. I will not be invited back even though the host is consider me a friend and wants me to be on her team (her words). 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 thought I would be the one filling out my own application. DO NOT give them the time of day AT ALL. http://www.cisro-ocra.com/publications/LLQP%20Provider%20Results%20(Jan-Dec%202014)%20EN.pdf, Anyone who can defend the morality of the scum who works and represents this company is just as bad. Primerica "pyramid scheme" Reviews | Glassdoor I wouldnt say I was victimized. I was in Primerica back in the early 90s when it was called PFS (Primerica Financial Services). Low-Cost Business Startup Not every business opportunity comes with a low-cost setup like Primerica. Go get a real job and stop preying on innocent people trying to get ahead in life. They just tried taking a mortgage out for half a million and the bank denied them because neither of them have a real job or make enough money. A few of us bought into a resume site, access to hundreds of local resumes. I quit altogether after 2 months because it was the most draining months of my life. She seems thoughtful and amiable and I like her. After reading this, I will make sure to block the number so I dont get any calls through. If it sounds too good to be true, it probably is. very dumb. If you never got paid for telling people, would you still tell people about it? She identified herself as PFS, never mentioning Primerica. Mike No matter what they tell you, MLM is not a business. When he called me I was busy and asked him if i could call him later. thats why Im not going back they called me 3 time to reschedule but I did not pick up the phone. But I again dismissed the thought, feeling a bit guilty for doubting John. In Primerica, the game is recruiting into infinity. So glad I ran into this, a man at a store who was very charming said they were looking for employees, I have had a bad feeling about him for about 2 years now and he has called like 3 times since, every time he gives me a little more information, it all seemed very fishy, finally said I would meet up this week but would google them first. I right there thought this guy is nuts, I do marketing and sale support, never manged anyone in my life, did he really read my resume? Having professional licenses paid for by a company and given the tools and resources to build a book of business on a part or full time basis is a wonderful opportunity for the right people. As of 7 hours i have been in Primerica, I do understand what everyone is saying about it. I was leary of it so I didn`t go to meet her . Now of course, I see several red flags in the situation. 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. I feel more insulted then anything right now because I think the two I met were only there to seek for people. I literally have no experience in asset management, financial businesses or management positions. 100% commission pyramid scheme? Are you saying that the people who did the fake job interviews are lying, and they didnt actually do that? I was very interested in that. The model works by asking new investors to make an upfront payment so that they can be allowed to join the scheme. I received invite to interview The company also restricts what you can and can not offer to people as well. If you are looking to contact Primerica directly, call them at (800) 257-4725. i have 2 children and single. Theres no scheme, no one earns more unless you DO more. I was told that there are many positions to be filled and I am qualified for a top one. If the job interview is not actually for a job, and is instead for a recruitment scheme, then the person was lied to. No, regular companies that are set up with levels of management (such as Walmart) are NOT pyramid schemes. But MLM is a ripoff because they promote a false business opportunity. Yes, the company offers legitimate products. PRIMERICA has changed their lives. Also this company has to be licensed in each state by the Insurance Comissioner. The business of real insurance agents is selling insurance. Well, all insurance agencies and brokerages have the pyramid payment style. The women who spoke on their first visit asked what Im looking for in a career and mentioned I was very impressive with customer service. MLM or a Pyramid scheme.Primerica is a Pure Business opportunity, the . 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. I told them I didnt had the money so the lady told me Icould go some other day and its been two days already and Im scare they use my social security # for a bad purposei want to go and get the paper and ripped off so i could feel safe but idk what to do Can anyone tell me what should I do. She sits me down and she gives me usual scripted mumbo jumbo how Primerica gets people out of dept through education, and how their life insurance policy covers families and how I can make $1500+ only working about 15 hours a month. It calls back the last received call. Cons. And a sidenote when I exchanged info with the wife in target her android phone had an app on it where my full name showed up on her phone. Ive been to these type of interviews before, any job that directly takes cash from you and its not for uniforms is red flag worthy (scam). On the day of the interview, I drove to the adress of where the interview was, I expected a big company with a sign of the name or something. Surely a man that professional-looking would be deterred by someone as inexperienced as me in the room, I rationalized to myself. Multi-level marketing is a scheme by which people who are in first make money from those who come later. Sooooo after reading all the comments, I will NOT be going. 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. Tracy you cant help others unless you help yourself first. I forget even about the application, the conversation has turned political. No amount of money could fill the hole that would leave in me. I see this company hasnt changed much since my friends husband tried to recruit me 4 years ago. Then I felt a bit ashamed for thinking badly as I remember Johns words to me, that he would always act in my best interest as an expert in building a business. Lawsuit Against Expert Witness Highlights Issue of Conflicts of Interest, Jackie What an interesting comment! He has not even achieved the top position. Thank you all for clearing my skepticism up, time to block Mr. Jack. Remember that Primerica reps have something to gain with whatever they tell you. now she has been pursuing me saying she has another office and she needs someone to run it . He said they need a financial planner. MLM is not a company, but a form of generating income. I blew it all off the moment I was dismissed. 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 . not entrepreneurial Sadly, it wasnt real. I need legitimate workdont toy with me. Is Primerica a pyramid scheme? I mumbled something about Ill see what I can do said my goodbyes, and bowed out. Mary wants to extend the visit. It has been at least 15 years. I got recruited by this chick off of tinder. Said business partner called me on a Sunday afternoon. They need to bring in new people all the time to train them, when all they are really doing is using up their warm market to write business. I am so ashame to be same species as John adison and glen williams . I do work very very hard. I dont. I start to feel under-dressed in my khaki pants, short-sleeved button-down shirt and silk tie. I received a call earlier from a rep, or whatever. And they didnt really seem to give a sh&* that I was cancelling. Name, address, social security. if you dont have the internet, you hear about my place. I said no and he sounded surprised. Hey guys, so I went through the exact same thing, someone on one of my social media had publicized a post saying anyone 18 and over looking for a.job, my company is hiring. I was interested so I messaged the person and I asked what company and what position, she briefly told me it was a financial services company and that was it. Before they hire you and you begin training (with no pay during this period) they will test your aptitude for this kind of work. Because who wouldnt want to make money a % off ur recruits even when your not there to make the deal.We scheduled another appt. BBB reports on known marketplace practices. This Primerica Pyramid Scheme Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. also I asked for what position ? Almost made it, but nope! Do not get suckered in, I was lured in by a friend that saw I was making pretty good money and figured 100 dollars to start isnt too bad for me. Unlike working at a job where, if you do something great, your boss yells at you because you make them look bad. I would suggest insurance agencies and companies like Edward Jones. I am not against commission based jobs and making money. More about my terrific personality, she was very specific that I had to dress professionally, no jeans or sneakers, and was firm while speaking to set up the informal discussion. I knew that a job selling insurance wasnt really up my alley, and my intention was to leave the first opportunity I got, but that opportunity came when they asked me to put down $99 for an investment licensing class. So when I flat out asked for a job description, he said that the company was branching out from neighboring Moncton, and because of this they would require an office manager. I went there with an opened mind. You knowthat phone call that you set up when youre going on a date so that you have an easy escape if you need it?? You may even have to buy products before you're eligible to be paid or get certain bonuses. They provide financial education and sell products through a network of individual associates. Came to the appt. I gave him my actual SOC. 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. I had no desire to pursue such a career related to insurance, as I prefer investing. He had been eyeballing me since I walked into the store. 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. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. No, its not defamation. not a business Primerica is a financial services company that states it's mission is to help underserved communities gain access to top level investment and insurance products.. So me and my friend were at the store when a guy randomly came up to us to talk about his wifes company. Have worked as a broker before, was in an MLM in the 90s, and I just dont like being cutthroat and lying to people. I had an interview yesterday with the regional Vice President. 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. so annoyed [emailprotected]. But you dont actually own anything, many times not even the right to take your customers with you if you leave the MLM. I knew something was fishy from the start. You should be ashamed of yourself for writing an article as false and untrue as this one. Brokerage Firm Review: PFS Investments Inc. Sonn Law Group Primerica also partners with Pre-Paid Legal (aka LegalShield) to offer things like legal protectionand ID theft protection. Primerica Reviews - Legit or Scam? - Reviewopedia If you believe Wall Street has a moral compass you are sadly mistaken. For the person who did have a comment pro Primerica, I am adding this link: https://www.bbb.org/us/ga/duluth/profile/financial-services/primerica-inc-0443-6985/complaints. Question: Does anyone feel ripped off in their current situation? Thanks for all the information. I wasted a month of my busy life and thankfully, I already maintain a good internship at a wealth management firm and did not leave it for such stupidity. 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. He also deceived the new Primerica representative, telling her that he was helping her and teaching her how to recruit people into her downline, only to keep some of the recruits for himself. So this nice, well-put together woman is kind of a nice change to talk to. I figured that was the end of it, but she kept calling for a week after. 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. Needless to say I didnt invest the time and effort to go back there for the presentation that night. A former classmate of mine saw my Facebook post that I was looking for part-time work and called me. 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. After a day, Curtis called me for the second interview. She said they were just getting established here. They contacted me, offered to meet me to just talk, and sat me down at a coffee shop (they wanted my husband to come to but he wasnt interested). Nice people, very cordial. Louisiana Primerica 1. i dont get paid to recruit people, i COULD get a % of what they CAN make from what their clients get for premiums, EX. If your goal is sales, join a traditional company. ?, Dont you want one of these nice vacations? So sad. Her daughter has had rough luck a failed cornea transplant has left her half blind. Funny thing is, the first 20 times I heard this same spiel I was envious of his life and attracted to the lifestyle he proclaimed was not only possible, but a given if one followed his leadership. Now of course I realize that I was probably the only one who wanted to learn. However the commission is low and their training program sucks. I experienced nothing like the others that you have told us about. Yes there are people doing it, there are also people playing in the NFL and NBA, should we promise every kid the can go pro because others are doing it? I told him I was talking summer courses and I really wasnt looking for work but I actually was (does that make sense?). The first inkling of a warning flag went off in my brain. You arent stupid or naive. As they were talking I was looking up scam reviews and saw 160 on another website. What a joke. So j just kept searching information about this company and after reading this post and threads I decided not to go to the interview. So, I googled the companyand here I am. She told me that she was expanding her business, she worked in financial services, and was looking to hire people. MLM is not a business. im so agree i wonder how they got my info. Thank you to all those who contributed to this thread and I wish you all the best of luck in your job search! I noticed several of the new people in the front row looked very restless, like they just wanted to get out of there. Canada recently upgraded their insurance industry testing and training standards nation wide. needless to say I got undressed put on my gym clothes and went to the gym . I was looking for work on Craigslist and came across a post for motivated self-starters needed for an up-and-coming financial firm. Thank you, I texted her your web blog and stated I WILL NOT BE SHOWING UP. Oh, and I will be getting a term life-insurance policy, just not through Primerica as they do not show up on anyones top ten list of term life insurers. Thank you for this information. A pyramid scheme is an endless chain recruitment scheme in which distributors recruit multiple levels of distributors, with money flowing up the pyramid to the recruiters at the top. Turns out, surprise, she does the math and she is the same age as my mother and her daughter the same age as me. A very tan/slightly burnt, attractive young 20-something came in and spoke to the receptionist for a minute about her Florida trip and went to the back where I could now see more middle-schoolers, all dressed like they were ready to model for a Kohls back to school sale flyer. this is wrong! Also, MLM companies are notorious for overcharging and under performing. In conclusion I think its awesome that they make 30 million a year off active reps paying fees, from a business standpoint, of course. I joined Primerica in 1999 for about 5 minutes. I was actively looking for a job two years ago for Customer Service position. If Im not doing something productive Id rather be at home sleeping and spending time with my husband. No! Other insurance companies do the same thing but Primerica is ruthless. As I read these comments, I am curious as to if the author took the time to do a THOROUGH investigation of this company. I find it odd that a company that hypes fancy cars, unlimited incomes, and financial independence has a sales force where 99% earned less (and way less) than $50k during any single BEST 12 months, BEFORE EXPENSES. Do your research people dont fall for pyramid scams.
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