Money / Side Gigs. 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 see this company hasnt changed much since my friends husband tried to recruit me 4 years ago. Pretty amazing comments from everyone here. I just wanted to voice my opinion. I was VERY unhappy in my job and I had been actively looking. Our Primerica life insurance review comprehensively analyzes the company's products, rates, potential drawbacks, and more. Fraudsters frequently use social media, Internet advertising, company websites, group presentations, conference calls . If youre reading from the bottom up, pay close attention to what Tom (June 2014) & Anonymous with Accounting Degree (January 2015) have to say. (their 1.5 years, and 1 week old) yes a lot of this sounds and very well could be all bad. Many thanks to this website and all those who have contributed toward it. Sucker Me Not At This Time Another middle schooler came in and went directly to the back where the party was. I knew from the phone call that something was wrong. God am I hungover. So i googled and seems like a scam i called back and canceled. I may have broken his fingers and I shook his hand He started his presentation about the company, asking us how much wed like to make. I finally ended it telling her Im sorry but no and she said thank you and turned her back on me. What agencies would handle this kind of thing? I can see where some think the avenue of recruiting equates to MLM but Id argue thats simply due to lack of knowledge. Primerica doesnt look to good to be true. So i can give him people that i know and love names so he can call up and make appts with them to show how to sale them life insurance and close the deal. New faces=new prospects=new recruits=new sales. Im here to see how this turn out(Micheal Jackson Thriller Popcorn Meme). Primerica offers web-based learning materials and a practice exam. I received a call from a woman named Mary stating that someone referred me to her and asked if I was still looking for a job. Well, okay Atlantis it is. I then googled Prime America and this site was the first thing that popped up. If the only business positions are in Georgia, what do they expect people to believe they would be doing where they live? Here is another good read that breaks down how much the corporation makes just from recruits, and reps: So today I had a random phone call and I answered it only to find out it was a woman by the name of Jerica who said that Martha that I had met at my job referred me. Thank you all for this i guess i wont be going to that appointment today. 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. Im not recruiting people into a pyramid scheme and praying that they recruit more so that I can make a few pennies. Everyone should ask regulators to look onto all unethical part of lies of this legal but totaly unethical recruiting taliban mashine!!!! Amway is a well-known brand based in the United States that distributes health, beauty, and home care products through a network of independent business . Like everyone else here, I also got the call and the woman said that I was Highly qualified for some positions she was offering. A review of their Company of Destiny report big earners chart, once applying the fine print written below it, reveals that only 1% at best, of all the reps in their entire history since 1977, ever broke the $50k level, once or more, during any best 12 month rolling window. Write by: . I immediately texted Mary to shred my application and that I was not interested. I feel more insulted then anything right now because I think the two I met were only there to seek for people. While finding this site, Ive come to learn there is an office just a few miles away in my hometown. Canada recently upgraded their insurance industry testing and training standards nation wide. 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. not something good to be involved in. I need papers and what not. I had no desire to pursue such a career related to insurance, as I prefer investing. I mumbled something about Ill see what I can do said my goodbyes, and bowed out. I will not be going tomorrow. Other insurance companies do the same thing but Primerica is ruthless. Ive been contacted by numerous insurance agencies for employment and have never been interested in that field of employment. Most all businesses fail, traditional or mlm. I hope she doesnt see this thread because she will get defensive about this company. Do your research people dont fall for pyramid scams. If someone approaches you with any opportunity of any sort, and they are not willing to divulge the name of the company, then run as fast as you can! I already worked full time for a corporate company but just needed some side income. That you have to buy your own business cards even? Multi-level marketing is a scheme by which people who are in first make money from those who come later. Long story short he told us it was a company about life insurance and that wed help families bla bla bla. After he finished his little job show-and-tell, he walked out and in walked his grandmother, (Im assuming.) Agents make outlandish income claims that consumers can make more than $1,000 weekly in the scheme and earn bonuses of tens of thousands of dollars. And thats why I have not fell prey to their scheme of getting people to recruit. The caller introduced himself as the vice-president of a Hudson based company and told me that he had found my resume online and that he is looking to expand his company and is interested in adding some people to his team. The only thing that bothers me about Primerica is being captive and not having the flexibility to sell other products. First off anyone can make a PowerPoint and the video was from fricking YouTube. It came off exactly as I anticipated, money, money, money, completely scripted and complete with props and pictures. A pyramid scheme is usually an illicit activity in which recruiters urge participants to invest money with a promise of high returns. He didnt even walk me to the door, shake hands with me, give me a business cardnothing! As of 7 hours i have been in Primerica, I do understand what everyone is saying about it. I will go but the moment I feel like Im being pitched, Im graciously declining and peacing out. Why keep the name of the company a secret, wouldnt they eventually HAVE to know? Wheres the money? Primerica is an insurance company. Surely a man that professional-looking would be deterred by someone as inexperienced as me in the room, I rationalized to myself. Turning people away from God will eventually turn you away from Him and all his promises for you. Her last attempt was to try and sell the financial services to me. I do work very very hard. She told the lady who contacted her to give me a call the next day. mail in a letter with your info, we will give you a call. I have reviewed their annual reports (available online). This is because the company uses a controversial multi-level marketing (MLM) strategy to sell its financial products, mutual funds, and life insurance policies through its agent's own personal relationships. 5. 1. I have mine scheduled in a few hours..you saved me gas and time! Contrary to rumors out there, Primerica is not a pyramid scheme. 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. Go some place were you wont have to exploit people looking for a real job. I asked him if I should bring any specific documents with me and he abruptly said no and that he simply wants me to come in and talk with him first, also adding there would be some forms one of which would include qualifications I have and work history. What should I do? Expectations low (as I am VERY cautious) I agreed to meet with him. Is that really too much to ask for? Went for an interview/discussion today. Apparently these Primerica folk are misusing LinkedIn profiles for their slimy deeds. You have a manager a supervisor and an employee. 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. 3. open up my own winery making cranberry wine. Wow was not expecting it to be such a rabbit whole. I tell her my mom had me when she was 18 and I grew up poor. http://www.sequenceinc.com/fraudfiles/2015/03/multi-level-marketing-is-not-a-business-its-a-pyramid-scheme/. This may be a rough road, dead end, pain, death and not get anywhere. Im a chatty bend-your-ear kinda bartender, so as shes sipping her coke we start up a conversation. here is to you. Watch out especially for Melissa Allen- highly unprofessional, rude- and will say anything to get someone to an interview. At this point, I had a chance to become aware of the atmosphere in this building. Whatever I did, however I asked, he would not tell me what positions he was trying to fill and that was a big red flag for me. My friends husband was at least honest and up front about me in terms of selling insurance, which I appreciated. So me and my friend were at the store when a guy randomly came up to us to talk about his wifes company. In addition they needed close contacts, many may know as the warm market. A lot of people like in this blog are used to trading their time for money, going from one job to another. If you're familiar with MLM schemes like Primerica, Optavia, Evolution Travel, Beachbody & American Income Life they are pretty similar to Transamerica's MLM scheme. Those people in Primerica dont know enough about it to investigate, and once they find out the truth, its really hard for them to save face and quit. Got approached at a random target by a lady commenting on what I was wearing not a job. Hey every body, i have a guy friend who works at a local health food store, he started telling me about 6 weeks ago about this new business he was recieving training in, he connered me today at the store, and asked if i wanted to sit in on a meeting to see what its all about; well i new something was up when every one was all cheerfull and glad to have me there, i lost count how many people said that to me in the first 20 min, Then came the brief infomercial about the exotic trip you can go on if you just earn enough points, every one kept talking about all the money and free time you can have fro your self, but never once did any say exeactly what you do to actuallu earn any money, oh ya then there was this manditory meeting you have to attend 1200 miles away, and wouldnt you know, they started right with telling every one if you did not make this meeting you simply were not commited, Wow.. Any way after about 45 to 50 min of this i told my friend i was going to leave and research this out online, you have no idea how good it felt to walk out mid presentation, i bet all eyes were on me you what i missed riding my bike tonight because of this.. Dont waiste your time people it is a MLM scam.. 90% failurethat is high percentwhere did you get that number? All the things he was saying sound good. Thank you for the honest comments, saved me time and money. His BTW came out his wife works for DTE because he says during this interview I always tell my wife after 10 years of her working for dte she will be able to retire and be a stay at home mom like her dream and that is soon, SO I ask, Do you work there during the days and at which location She tells me and says Oh this is just my side hustle everybody has to have at least one, I used to do make up and hair, weddings and birthdays, blah blah blah. If you join Primerica your commission schedule is ridiculously LOW. Ponzi schemes simply require a cash investment to earn returns. They went through my Finances and sorted them all out and gave me a plan to pay everything off in a pretty cool schedule/plan. He said that josh said a ton of great things about me and he wanted to interview me for a position. Im not interested at all. 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. I have just been called by a lady in Puerto Rico to show up for an interview for a job in Primerica. Sep 27, 2021 7 min Read . Can anyone who is successful in a traditional business start a business for that little of an investment? A manager? No rebuttal, just got off the phone. And i was highly qualified for one of their positions. They used what I told them about myself to further what they wanted from me. I think its great that youre considering getting back into the workforce, and its probably a smart idea to start off part time. I was not at all interested in becoming a sales person. 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. Needless to say, not going. Question for you, of those that dont do Primerica, what do you do? They want to interview me tomorrow at 1pm. I called her back to be polite but she didnt answer. I, actually sat through the orientation, and afterwords the deception started. The so called VP is there and questions were asked and at some point, the so called VP (he looks like James Ingram) said that I need to pay $99 for my financial license to be able to get the job. Im not looking for a job. after hearing these non descriptive answers at this point Im like yea, ok very high chance I will not be showing up. Mary arrives and is her same cordial self. She chats up the bartender who seems wary of her. He also said that he can talk to me me and my wife at the same time to explain the money for the financial license. Broke people mentality. 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. The woman who contacted me on Facebook messenger, just asked if I had a financial advisor, and I said yes. I wasnt expecting this friend would come with another person I do not know and have never met. Thank you guys for posting these. Ive seen people come in, get hyped up and quit their jobs, only to be screwed in a few months. Top investment analyst recommend company in books, on the radio programs, and on TV programs. Were looking for employment & to get taken advantage of. Multi-level marketing is not a business. And again, its only gross revenue and doesnt include the costs of doin business theyre all responsible for out of pocket! Tamara I have simple advice: Dont go. I sign some kind of agreement that she mysteriously summarizes for me instead of letting me read. Furthermore, in order to get into a hedge fund, one has to invest more than a million dollars out of pocket. She gave me her name and phone number, but it wasnt after she left that I realised she never said what kind of business at all. Its a good thing Im not stupid and always look up companies before I contact them. Primerica, at the very least, sells a very mediocre policy, that is also over priced for what it does. I knew immediately this was a scam of some sort. So sad. Finding your own customers and future work is real work. Then we proceed to training and moving forward. Sigh.. theyre so good at manipulating, or leveraging as they call it.. they create false demand and artificial scarcity all the time. Do whats right. This morning I received a message saying he was looking for 7-10 people to fill various roles in his office and wanted me to let him know of candidates. No one says where these happened tiothem, and i would like to know where they live, and how many people in that area experienced the problems written about here. She said that if, following the interview, she liked what she saw, the business opportunity would be discussed further. Unlike working at a job where, if you do something great, your boss yells at you because you make them look bad. DO NOT give them the time of day AT ALL. Im currently looking into anything and everything about them to be certain of all of this MLM/pyramid scheme type business and I am definitely getting out if Im right. The wife was still skeptical of the entire thing but being a good wife she was supporting her husband. 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. The SEC found that PFS Investments Inc. had failed to have in place effective policies and procedures to follow up adequately on three complaints received about the Dearborn registered representatives, "selling away" activities. DIV Rep, 60%.wait there is only 50% left over, okay then what does math tell us.you get it yet..they only get 50%, (PYRAMID ENDS). Generally in my experience, anything that seems too good to be true usually is. Would you like to travel around the world if you got rich? I got referred to Primerica by a fellow friend of mine. 8 Controversial MLM Schemes To Stay Away From. How in the world they got my resume in a snail mail environment is still a mystery. Many of them, have a question mark still attached, which makes me wonder if any resolutions were achieved in those cases. We talked a little about appliances and after everything was said and done they left. I, as well was duped into attending an interview and I knew right away something was off. He told me he has to go through clearance and apparently he is abusing this priviledge. (unlike this whole description of events, I kept things brief) She told me to wait in the conference room as she grabbed the other woman who had come in to interview her. At the time my mind was elsewhere so about 10 minutes later I called her back and asked her what company she was with, who referred me and what position was I interviewing for. I thought oh boy! I filled out the basic information and then realized they asked for social security and began to question him. I sat through the whole thing and, unfortunately, was actually pumped up about it & ready to start making money! I drove out to the location, got there 15 minutes early, so I sat in my car. 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. Now of course, I see several red flags in the situation. What can I do to vanish that and get my money back, They will miraculously tell you that the mail has already left but i think you can get a partial refund if u push hard enough, Based on their Annual reports (which can be viewed online), the policies sold per rep currently averages out at 2.28 PER YEAR!!!!! Once again, most people need financial help to get where they want to be. I am not shown this. Destroyed my friendships with this job. Term Life Insurance 3. Schemes use generalizations. When you write a resume, youre looking for a job, not an opportunity. you need your own clients to start off like family or friends. Its also sad that what is posted here is TRUE. Later I learned that they do whatever it takes to lure someone out, then rely on the hyped-up emotions stirred up by the Opportunity Night presentation to get them to sign the agreement and pay to join. So I went to the interview and when I left feeling like they just tried to sell me something and like they settled for offering me the next phase in the interview process I thought let me do some research. Not a fan of recruiters that will give great compliments, offer big promises with no details & make unemployed people pay 100.00 to get started. Then she texted me and asked to meet her this week for coffee. Ringing that bell does not make Primerica a legitimate nor a trustworthy business. The first level is the office or team level, the second level is the agents who work for the office/team. Thats the nature of working in several industries overseen by a regulatory body. The company's main product is Term Life Insurance. She asked for my number that way her trainer would contact me to set up an interview. Tope Trading money for honest goods and services is not a ripoff. They asked me to come back for information session next week. Similar situation I know quite a few very successful business owners who started at the bottom in primerica now earning very incomes and building great businesses with great people and you cant do that working for someone else! Apparently, his company helped a lot of families who couldnt afford such help otherwise. They have to recruit their own people. Yikes. I realized what it was after that meeting immediately. Simple as that. This is mlm a legal definition. (Formerly pre-paid Legas Services, membership I have had for 16 years. As I could see in some windows and noticed these people were sitting and waiting, I figured a lot of interviews must be happening around here. A real boss would have trained me properly in the first place, not have been so blinded by potential dollar signs and a taking care of ME first attitude.

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