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As always, researching before contacting is saving me from MLM opportunities/, I had a brief interview with a ( PRIMERICA REPRESENTATIVE ) , right from the start i saw the deceptive BS that they where trying to scheme up. I had started in 1984 and it took me until 1990 (six years) to make RVP. Bogus, obviously. Ok then why do you work at a retaurant as a sous chef then? They make any failures out to be lazy and incompetent, unfortunately the failure rate is incredibly high. Didnt alarm me as I never heard of Primerica. People are recruited into multiple levels in the pyramid. Hmmmm.. You should really just target people who dont mind selling this way instead of rounding up a large number of people to attend presentations. * Is it possible that the services Primerica provides justifies a higher product cost? Well, no touchdown today for you, Primerica! Thank you for the blog Tracy. (TWO not even 50 years old yet!) Really 99 dollars for a background check and then more money was asked to start and get your license. I cant stand the fact that losers like yourself cant understand it. I have been with Primerica for almost a year. One of them asked out of the blue, how i like my job. But he had no idea who. Important Mutual Fund Disclosures They said they would need my bank information. Were looking for employment & to get taken advantage of. I got called on resume. I told her to keep my money and I left. Primerica is regulated by the SEC and FINRA. The people who give up on this business dont understand the potential of having your own business and life. Needless to say, not going. She told me she would call later that night, but it was about 2 hours after the time she originally said. When called at home, I got a vague assurance that I would be a good fit. Because who wouldnt want to make money a % off ur recruits even when your not there to make the deal.We scheduled another appt. What a waste of human DNA both of them ! If Im not doing something productive Id rather be at home sleeping and spending time with my husband. Life insurance is a service, and just like any other service, someone can come along and provide the same service for less money. A huge amount of life insurance agents have their life insurance with Primerica because we sell the best product for the least amount of money and we know how to show you what you are getting so you wont be fooled by a scammer. The VP Mr. They talk about working part time, not having a JOB, sky is the limit, yet deliver on none of those dreams. Sitting there listening, my mind went back to the phone call that him and I had, when my interview was booked. Pretty amazing comments from everyone here. And many join daily as new agents. I was contacted by Dianne by phone from the Cheshire, CT office and told she was hiring people to not sell financial products, but to instead perform interviewing and other support functions, as they planned to expand with 20 offices. 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. 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. Just googled to know about the company and landed on a right page. We talked a little about appliances and after everything was said and done they left. I do not have time to deal with a scam. Top investment analyst recommend company in books, on the radio programs, and on TV programs. Thank you for everyone posting. They have no jobs to offer, despite making it seem that way. My contact and I talked a bit, and she escorted me to the door, and I went on my way to run some errands that I had intended to do earlier that day. * Isnt it true that a lot of consumers arent sophisticated when it comes to insurance, which is why there are so many scam artist out there taking advantage of them? I dont even know if youre someone I want to work with. But then again, I thought ruefully to myself, maybe he was right and I was too soft. Im going to trust my grandpa on this one. But MLM is a ripoff because they promote a false business opportunity. FIRST AMERICAN NATIONAL SECURITIES, INC., PRIMERICA ADVISORS, PFS INVESTMENTS INC. CRD#: 10111 /SEC#: 801-72263,8-26486. Is Primerica a pyramid scheme? Currently have a few positions available. Tracy, I would be interested to hear any counsel you have for me, as I am planning to attend a Primerica information event for potential sales staffers 48 hours from now, BUT my circumstances differ from those of most posters above. She sits me down and asked If I knew who was PRIMERICA told her NO, then she told me its company who works with mutual company that sale insurances, help middle class people get out of debits teach them how to invest ect, The red flags popped up when she said they will pay for the classes so I can get the Life Insurance, said each class is $500 dollars you will only pay $140 that for background check, finger prints and utilities. Let people make their own decisions. MLM is: Probably not the perfect business, but everyone I know needs to improve their financial situation. My husband got upset since he was at work and called her back and said no thanks and she said that she could put her husband on the phone to talk to him and try to convince him, my husband heard him out and said no thanks again to which he tells me the man was not happy and cut him off and hung up on him. Hope fully this site Tracy set up will eventually catch the eye of the better business or someone who will make this kind of shady business tactics disappear . Coincidentally, that same company has had the worst passing rates, by far, of all insurance trainers in the entire country, for the last 10+ years; At first I was questioning that, arent you supposed to use a business card? Who invites salesmen to present at a leadership conference anyway? The early investors actually get paid those big. you need your own clients to start off like family or friends. The company's main product is Term Life Insurance. I am so ashame to be same species as John adison and glen williams . It looks like even the Better Business Bureau has a number of complaints lodged, about this company. However, companies, I was in college when they reached out to me about coming there to work. Plus, I knew I had read somewhere on POL (online website for reps) that it was against compliance to block the number. it is clear that it is not a typical job if you build a business with them based on the comments. Im scared after reading all this that i fell for this scam and now he has all my info. I get to work on my own hours without having to report to ANYBODY. Suddenly a laminated informational booklet comes out for PRIMERICA. I would seriously consider investing in the company since, realistically, their pitch is great for the uninitiated and their motivational tactics (weekly motivational conference calls and meetings at fancy/lavish venues) work on those that take what they pitch at face value. I just had a very recent run-in with a Primerica recruiter. I feel so bad and my heart bleeds how mich i lied to the community and friends and sold them something they dont stand for . The funny thing about all this is that no one mentioned that Primerica is a NYSE company. They had the chairs so close together, Im sitting next to strangers and our knees and arms are touching, so Im uncomfortable next to some guy. He knew that I lived in close proximity to his company and asked me if I was still interested in finding a job. What it seems to be is actually a high interest line of credit. the whole time during this first meeting it was very tense and uncomfortable. PFS Investments Inc Type: Mutual Fund Annual Costs: $129 Cost Details Average Expense Ratio: 1.09% Range Details Surrender Fees: None Commissions: Yes Roth Eligible Add to Compare Add to Favorites Set as My Product Enrollment and Questions Use the following contact information to enroll or ask questions. Pull out your phone. He then asked me to write down 25 people in my contact list over 18 and he would call them for me to see if they would buy insurance and give me part of the profit and get me started. 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? If you want to get ahead in life be an entrepreneur. I said yes just to help her out. Go some place were you wont have to exploit people looking for a real job. When I looked up this company, I saw that they had an aggregate rating of 1.6 stars out of 5 on Consumer Affairs, and I felt simultaneously relieved that I didnt let them get my bank information by putting down the $99, and horrified thinking that I could have been among the many people that this company had roped into their scheme. 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. No, a regular job is not like MLM. I got suckered into almost joining by two very good friends. When you get that defensive and that angry, its like you feel the need to justify yourself so you go into defensive mode. They have to recruit their own people. No, better not, or John would be angry that I said something wrong. So many of you cancel your interviews which I understand you feel you need to do because of what other people are saying about the company. Primerica also works with affilitates insurance agencies that deal in home and catr insurance, even selling home security systems. I also heard the leadership bit. After reading the warm market info in the above posts, am kind of leary. Today I received a phone call today from a recruiter who found my resume on Careerbuilder. He spoke and I listened. So, I was interested and I REALLY loved the couple and was glad to see and hang out with them after so long. Primerica pushed me over the edge. I was livid but had to go along so as to get out of there. 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. I search my memory and finally remember who she is. Therefore, before joining Primerica, you might pose and ask yourself if it is a pyramid scheme. Blah blah blah. * Mercedes sells their cars at inflated prices, are you going to do an web post on them next? Everybody is making a cut on the people below them; it goes up to four level. Pyramid scheme type set up. NOT the other person. Known as a co-founder of EarthLink, the internet service provider that . This is the same for any insurance or investment company. It became apparent to me that it was bogus the moment I walked into a completely empty office that looked more like they were about to move out. With all of you. As the man sat looking around at the various posters and motivational items on the walls I felt that anxiety-induced tension again. Im looking for an admin/clerical position.. Out of curiosity, why not expend the same energy to become successful at something you love and be at the top of YOUR pyramid and opposed to being at the bottom of Primericas? You are effectively a franchisee paying a franchise fee plus a percentage of your profits to the tier above you. Like my parents support me and are very smart with their money. Why not. When it was over I again thought, ok so now Ill get the interview. But im not stupid so i looked it all up what the job was and where it actually was and this seems to be all true. It unfortunate that anyone that has been told that theyre having a job interview and later feel that they got taken. So this got more fishy. Wow, I have an interview set for this Tuesday, needless to say I will not be going to it! So I booked an interview with him. remaining 50% of sallys premium go up to my trainer, (again, depending on rank%.) Replied that I was actively seeking a second job opportunity, so without disclosing a last name I wrote down my given name and phone number. 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. Great article, thanks for the extensive information. Grant cardone once said if you dont have haters, your not working hard enough. Even the man who started it wants nothing to do with what it has become. Conversation went out and he tells me he likes my personality in which Ive been told many times over. Theres so many good jobs out there- dont go this route. Thats exactly the tactic used by islamic groupds Aiming on young and vulnirable ! 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. Flyer also says we cover the business ownership & part-time opportunity. I've written about Primerica in the past, questioning whether Primerica is a pyramid scheme, and whether PFS is a scam. Well im not going to my interview today. After hanging up with him, I found this wonderfully put together article and took the time to go through most of the comments as well and found pretty much everybody in agreement that this is a scam. Once the new recruits, the professional-looking man and a scared-looking, awkward young guy who looked about 20 and was wearing ripped jeans and left on a bicycle, had left, John was photocopying the paperwork to put in the mailbag for tomorrow. Taller than me by a little, he had slightly bigger hand but no grip. When I called her back to ask about the position and wages, she said, again, the position was a leadership role. The sheet of paper wanted my address and a list of 5 local contacts, preferably not family. People have no consideration!!! No! She asked if I was interested in working with them, and I said yes. I am starting to get suspicious. Any conclusions drawn by myself are opinions. My experience was similar most all of have shared here. His home was nothing to envy and neither were the cars in the google image when you looked up his address on google maps. Thats how I found this site. Not going to the interview tomorrow. A company that tries to recruit through tinder is only going to do what tinder was originally intended for. 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. Thanks for the heads up! When she gave me speech about how they help people save money and so on, then she said are you ready to sign up for the classes? 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 And yes the higher ups do benefit from your recruits they arent going hard for no apparent reason and they will convince you they are blue in the face that Primerica will help you build your own business within a business. No, Mercedes is not the same thing as multi-level marketing. Why keep the name of the company a secret, wouldnt they eventually HAVE to know? Such a shame. The big guy stated he made over $500,000 last year. And, how come there stock is listed on the NYSE? She goes to the bathroom and I quickly text my girlfriend to come and rescue me. Im 18 Im not looking to make that type if money like that, Im looking for something simply to get me through college. In any event, I told him I was not interested and he hung up. Especially one that deals with financial education and asset management. I sign some kind of agreement that she mysteriously summarizes for me instead of letting me read. I realized what it was after that meeting immediately. I too have an interview scheduled for tomorrow. Something like, I really dont understand why you felt you had to lie to me initially. After the presentation, the young man asks me if I have investment services or life insurance. 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. Cancelled the appt. My fellow employees are a wonderful group to work with. I noticed that he put me as a recruiter on one of them, and himself on the other. If you really want to sell financial products, youre much better off doing so through a company that is not an MLM. Is that where you have a head honcho at the top and workers at the bottom, like, I dont know, Walmart? I figured that was the end of it, but she kept calling for a week after. He invited me to this thing some orientation and was like being your parents Im sure they could learn something and Im like did this man just insult my parents intelligence. So glad I read this blog almost got scammed. He has not even achieved the top position. SHe is paying double for the same thing. We hardly talked about me and my background. But, the girl I were with got in the rm first then about 6 mint or so the guy came back & say give me 5 mints for you to be in the rm. It is a scam in which almost everyone loses money. I like to hear about the successes towhat did you find out about those that succeed at this? Primerica Debt Management How Can You Make Money With Primerica? We are not a scam and there are no fake interviews. I went 3 days ago and I had to give my info including social security number, but they didnt asked for a credit card. The company is not a scam. (applied for this position on Craigslistthe number I received the call from was 347-753-3377). And in response to that someone wrote to me the following: Hello Good evening, I work for Financial Services Office. Its not the money, but once I left and processed everything it seems they pressure you to sign up and recruit other people. I realized, for the tenth time that night, that this guy was an asshole, and that was most likely what had halted his progress in his business. Thanks so much!! I was interviewed and he said that there will be second interview by his boss and at the same time their VP. I looked them up and it seemed to be life insurance, not a retirement fund at all, so I blew it off. I was left dumbfounded by all these comments. Worst case scenario, I figure, its a connection or something. It is not easy to get started, but I must say my brother-in-law is very well off today and one of the top salesmen in Texas for Woodmen. The truth is that the interview is no interview at all. They guy even scratched his back while slumped into his chair. Two girls were there for the job too. I have mine scheduled in a few hours..you saved me gas and time! So I just got out of a presentation not an interview. Sadly, it wasnt real. She gives me, the son she never had, an enthusiastic hug and promises to call me tomorrow with all of the details. Made $100 in a single month. 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. What a shame. 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 . All pyramid schemes eventually collapse, and most investors lose their money. The company and product reputation aside, as a source of personal income they truly fall shortgenerously speaking. Call away, I figured. Primerica is a very old company that for over 40 years has been selling insurance and financial products by way of the network marketing model. It takes hard, Hi, I do not agree with you. I have worked with recruiters and hiring managers long enough to know that is poor phone etiquette at best. lady called me said I was referred to her?, scheduled an interview, Something told me to google what little information I had, found your blog! I sent him a follow up email to try to nail down a time again. There were a few guests, but I kind of nodded and said hi then left them to my much-wiser business mentor so that I not blow it by saying something dumb. Thanks everyone for your honesty! A customer commented to me that he was impressed by my way with patrons to our store. After reading this, I will make sure to block the number so I dont get any calls through. After, he said I needed a state license to sell insurance and its a 32-hour course that costs $124 deposit. The business when presented me, gave me th opportunity to sell other things, like Legal Shield memberships. I had really lost interest by the time he had gotten to the bottom of the first page. That is a big reason why this company has so much negative publicity online (even on its Wikipedia page!). The building that the interview took place at was unmarked on the outside and rather desolate on the inside, and it was situated next to a masonry business past the outskirts of the nearest town, of all things. A typical recruiting ploy in Primerica is the job interview. I spend my time with people who show up. Another pause, then I saw his face relax a bit as he gave directions for the office and set up an interview for 6:30pm that night. What agencies would handle this kind of thing? I called and told her straight unless u give me more info about the job I wont be doing the interview.she sounded upset and threw me a few crumbs more about this fake company BS stuff . I wen to to their office and was asked to fill out an application form. * Oh, one other thing, if someone goes in for an interview, and they leave not wanting the job, how are they a victim, exactly? thats why Im not going back they called me 3 time to reschedule but I did not pick up the phone. I went to the first interview today. Based in Duluth, Georgia, PFS Investments is regulated by both the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). He first asked me about past employment, what im going to school for (Chemistry major), my hobbies, etc. Long Term Care Insurance 5. Isnt it a blatant cheating? I ALWAYS check out a company before interviewing so after reading the above information, I gracefully declined the interview. Luring young grads seems to be low hanging fruit for these guysmostly because these hungry go-getters that dont know any better. No way to dance around that. If you do not mind cold calling for many hours of the day, have no problem deceiving others, are a good speaker and type A personality, you can make money although now with the internet and all the information out there it will be much harder to convince a friend to buy a 100,000 term life with you for twice as much money as they can get it elsewhere. BBB Business Profiles generally cover a three-year reporting period. I told him I wasnt interested, but really wish I could report him to someone. Multi-level marketing is a scheme by which people who are in first make money from those who come later. These MLM ventures seem to prey on the 9-5-ers making minimum wage with the promise of making a six-figure income. She calls the next day and sets up a day and time to meet at an address. Take time to get out of dodge. I emailed Primericas Compliance department and was told they could not give permission for me to take the job because it would violate SEC rules. When I started asking for e-mails and more information about the company. First off anyone can make a PowerPoint and the video was from fricking YouTube. That really put me off. Report investment scams to the right government agency. No, I never joined Primerica and walked away. Got a call from someone who said she was expanding her business in my state and is transferring from Texas and if I was interested in a business opportunity there. Currently my interview still stands, I was apprehensive since Ive worked exclusively in retail but excited to explore a new field of work. She never called me back or contacted me again. And they didnt really seem to give a sh&* that I was cancelling. Question you investigate insurance fraud correct? I read the story that was provided above and a handful of the comments. You say your husband someone to be in the office and is getting part of his earnings. She told the lady who contacted her to give me a call the next day. My resume is purely engineering, not sales. I was approached by a lady who came shopping in the store I work @ now. Even asking the guy flat-out wouldnt help, he was pretty slick and dodgy at answering direct, factual-type, questions. She asked if the woman and I interviewing would be interested in receiving our free financial health check as well as a follow-up appointment for the orientation session so I can get out there and start making money. Ive been disabled for four years and i finally got a job release in feb 2014.Since i had to change job careers,its been hard drawing my former job skills to be applied to another field.Im currently in a job program called DVR(from the department of labor)in the state i live in.For the past 2 months,ive applied to many jobs thru them and gone out of my own with little success..lol.Ran into alot of companies like primerica.So now before I have the interview with any marketing/sales company,I do tons of research on the computer.Had a person contact me from bankers life and casualty say that im good to be part of his team and told me to come to his office at 6pm for the interview.Only to find out that its a presentation with 14 others,10 left after an 1 1/2 hour presentation(only surpose to be a 40-mins).i was one of the 4 and he liked me and set up an second interview.Took 2 weeks to get back to(and only got set up due to my ongoing calls to him for it)me and set up the meeting the next day-they did the same thing as primerica only they actually had a call list from the do not call listings they use for their referrals for me.A $99 dollar fee plus $149 for inside training upfront.I said NO and that was it.My DVR supervisor gave me a reference for a job that turned out to be a primerica rep.I had to follow up this time and called her-she contacted me that nite at 9:30pm(odd time)and told me that her supervisor would call me tomorrow-he never did.A week went by and out of blue the primerica rep called me and said that she was sorry about her supervisor didnt get back to me.But this time i was ready(i did my research and found tons of very bad reviews and some good reviews from primerica corp. officers..lol lol.When we talked,her excuse was that her supervisor is better to answer my questions and would do so when he calls.He hasnt called but i already know the truth(on the surface and the deep inside shadly truth)about primerica-what they represent and who benefits from their company.I need a job now and need money soon before im forced to live on the streets with my wife.I cant start a new position on empty promises and payment upfront to pay to go to work to make alittle money in the first month after i work 80 to 100 hours a week..lol.Doesnt make sense and its just a waste to put forth lots of effort,time,gas,sweat and patience to make little money just to barely live onlol.

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