2022.08.24 WednesdayThank you for the information. So we exchanged numbers and that was that. 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. I did not quite have the similar negative experience as many posted, but mine was similar. thank you for opening my eyes! They get lectures about how they can earn as much as 110% depending on production and promotion as Vice President. To those who have met up with someone who promised to help them financially, the supervisor was there to help you if the rep quit because, as I said, this takes work and if you cant stand the heat you need to stay out of the kitchen. Long story short I didnt fill out the employee application because I knew right away this wasnt for me. Primeamerica is a legit insurance company. When I called her back, she reiterated her voice message and went on to briefly discuss the position for leadership role for this company and requested to set up an interview. Wow, thank you to all who posted about this company. The company has been in business since the late 70s and has steadily grown throughout the years. And finally the companies they represent (the likes of Met Life, Lincoln Financial, Equifax). Im a 22 year old student working as a sales associate in an Office store when I was ringing up a customer (Kristen Dunn). When I told my boyfriend about it, who is currently taking a bunch of business, marketing and economic courses (Im a FILM MAJOR so the fact that they wanted me at all should have tipped me off), he said it definitely sounded like a pyramid scam and to look it up. At this point, his mouth is moving but I really dont care what is coming out of it. I had to smile a shake my head every time I saw one of these unsuspecting people heading in. He also stated I would be refunded once I completed a certain portion of the tests. You would think that this would be BEYOND retirement for people who are setting themselves up with residual income. You have a manager a supervisor and an employee. 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. Needless to say, Im glad I got out of that one. Because MLMs are pyramid schemes in which 99%+ are guaranteed to fail. So glad I did! 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. 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. Thank you all for clearing my skepticism up, time to block Mr. Jack. So I got a call from the so called vice president of the company, mentioned they were seeking to hire many individuals due to expansion. Is Primerica a pyramid scheme? They are in business because our government allows multi-level marketing companies to operate. His home was nothing to envy and neither were the cars in the google image when you looked up his address on google maps. 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. 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. 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. The reality is their culture was disturbing and triggered a lot of anger in me. They provide various types of insurance, debt management, financial investment, and credit monitoring services. Very sad to hear all the ridiculous posts, and misleading info that is pushing people away from the company. He has dedicated his most productive working years to a system that will never be able to deliver what it promised. Now I have my 2-15 and Im not going to waste that on just Primerica products. The people that I know who were roped in were all pretty dumb with no college education and in a dead end job. Thanks everyone for your honesty! same here. I have a friend who just signed on with this company. PYRAMID SCHEME. I therefore come to this upcoming information event with a favorable impression of the companys products. MLM is not a job. 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. I focused on a plaque over Johns head as he bragged about his familys last vacation, noting his highest attained income splayed across it in huge numbers. Ha!!!! It was nice how they fooled some people but I was ready to go after 5 minutes, it reminded me too much of cutco knives sales pitch. I told her that I would tell my friends about it but she kept pestering ME to work for her. I went to the interview to meet Anthony. I read through the site and got no information about what they do or the ways they change lives or whatever. People who work jobs get paid. I am starting to get suspicious. He went on to explain that the company offers free financial health reports to perspective customers and that all they ask in return from the prospects is they offer up a list of 15 local contacts so they can hopefully recover the expense of this complimentary offer. No one hands you a silver platter without some work. There are plenty of traditional types of jobs that do not require college but that pay much more than $10 to $15 per hour if the individual is willing to work hard to learn the job and move up. I thought I would be the one filling out my own application. Thanks for all the information. I decided to see if Id be sucked into doing sales but it wasnt mentionedthough a lot of hinky things were. I thought why in the hell would a RVP of a business contact me, someone with no experience or info out there advocating I have any in such a business and/or roles, and on Facebook!? 1. transfer job locations to my home time and end up getting paid a little more + be with all my family + be happier. What legit company does that? 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. I tell her I would like to do more of it. So she asked me to go to an interview with her manager and she gave the adress and my interview is tomorrow but after reading almost all the comments above ive decided that im not going and im so glad that i saw this before going. I also am one of the many that got called out of the blue for posting my resume online. I had them waste my time once before and am no longer interested in doing it again. Brokerage Firm Regulated by FINRA (Atlanta district office) IA. Really 99 dollars for a background check and then more money was asked to start and get your license. New faces=new prospects=new recruits=new sales. I simply dont like scams. In light of this information, I will be canceling. Thanks for this post. She gets so defensive when anyone questions her work. Thank you for the heads up!!! No legitimate employer is secretive about the position before you come in for an interview. The stock in Avon has dropped as well, below $10 a share. I was approached by a husband and wife in a Neighborhood WalMart store. Some will say yes, not to be recruited, but to take control of their finances. Good luck to you all on your future endeavors. He launched into his clearly rehearsed and scripted talk. I stopped giving out leads once I realized that I wasnt getting paid at all. Anyone? 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. What it seems to be is actually a high interest line of credit. The guy recruited me at the mall and all he gave me was the address, no description of the job, not the name of the company. I made the mistake signing up thinking I was signing up for life insurance and trying to help a friend out that works for this company. Lies and time wasting leading to a quick fumble at your wallet. SAVE YOUR LIFE- DONT JOIN PRIMERICA. She talks about them like they are real. Why? I thanked the VP for the opportunity and ended the call. Thanks guy- I am happy I did not fall for this prank. Understanding The Tier-11 Membership Of Primerica Then he explained this 3 by 3 thing where i refer three of my friends or family for this training and i get around $500 for it. Humans are not numbers! 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. This may be the part where it comes together to the point where people say they hire anyone. Her jewelry looked awful nice for a receptionist. I listened to the representatives pitch and decided to do the research like many of you on here. BUT, there was something not quite right about him, too smooth. I am promised that PRIMERICA will essentially turn me into a hedge-fund manager for Charles Schwabb in time. Their company relies on always havinga bottom layer of sales people, they move up by getting lower level people constantly to do all the work. So glad everything that I was concerned about has been confirmed. My angel on the shoulder came in the form of a call for a contract position at a big investment bank. Hey guys I need some help I wish I saw this before the meeting but I just got home from it. When I told her I was not looking to invest in a life insurance plan and proceeded to attempt ending the call, she said but you have a daughter. I was speaking with a friend who was an attorney and he agrees Primerica is a pyramid scheme and that the pair even though one was not a member of Primerica were working together in order to make money off of me. I got referred to Primerica by a fellow friend of mine. NO, I was special and needed to join and they offered to pay my fee, the $99. Ex boss is close with a bunch of guys who are all at Primerica around here. @Tracy Coenen take a look at your life seriously baby girl because youve been mislead all your life and its time to wake up for real. If it is such a scam, why is it that people can actually make some extra money once they are trained? Tuesday evening came around, time for the interview. Naturally, none of this sounded normal. I spent an hour on the phone with Vice Presidents in three different areas. Cancelled my appointment with them. Most of the posters defending also seem very unprofessional and lack a certain level of education. I cant stand the fact that losers like yourself cant understand it. I was brainwashee by Islam and than when finally was free away from and than this so called god/family/business cult comes along Oh how sorry i am for my 10 years of life Ive had group sort of discussions before, but this seemed to be more of them trying to sell me on a position (it almost felt like they were trying to sell me the products themselves) They didnt ask me many questions about myself, so it felt like they were looking for whoever will take their job, not who wants it. They asked about my work situation and I told them that I got a job a few months ago. I immediately sensed that Primerica was a Pyramid Scheme and after taking the 20-hour class, refused to take the exam and e-mailed the woman at Primerica that I was no longer interested in pursuing business with them. He looks at me sadly and suspect. Also this company has to be licensed in each state by the Insurance Comissioner. I went there with an opened mind. Im an accounting student and will be taking finance courses in the near future so I didnt mind working with a finance company. ?, Dont you want enough money to rent a space for your classes? Bogus, obviously. I could do it but dabbling in ventures that call on questionable morals is not my thing. I just didnt understand.. when they hired me on they told me that referrals would pour in and we never cold call.. in fact the company prohibits it! complete with fake hearty chuckle. They use your friends and contacts to start you 'business.' To get more percentage you have to get more people into the company. At first I was impressed; but not so much now. I was being complimented on how I dress, my smile and my energy,( Im a naturally energetic person) they make you feel safe and secure while your there , but right away I was put off when they wanted my bank info. Googled my way here. I understand everyone needs to make a buck. I didnt understand how he could deliberately break a rule like that. I told him I usually work in the summer but this summer didnt work out so I started taking some summer courses. I am a young college student interested in Investment Banking and was told by an ex-financial advisor at a prestigious firm who attempted to act as my mentor to join. The lead asked me for $99 upfront, which I did not have. She also asked me if it was true that I had management experience, which I thought was a strange question because if she had actually reviewed my resume, she would find that I indeed have about 7 years of management experience in both sales and customer service. I just had a very recent run-in with a Primerica recruiter. 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. Yes, Atlantis the mythical Hellenic city submerged in ancient times. And they didnt really seem to give a sh&* that I was cancelling. I returned her call on Monday and it was all very vague. She goes to the bathroom and I quickly text my girlfriend to come and rescue me. Not that it matters as essentially every three years the sales force has been completely replaced, except for the 2% who got in early years ago. Something about more information.. John said, crisply, Im offering an interview, thats the first step in the process. Im sad to read all this because it is true. I read a post of about how a Primerica employee came for a home interview and spent 3 hours trying to sell them insurance and about 30 mins interviewing them for the position. So glad I did. Im glad I didnt give them the $99 dollars, they told me it was for a background check, plus $25 a month to access your account through their website. I never found out how I go from asking a guy if he wants a financial health check to getting a 6-figure salary. Glad I saw this! Products: Healthcare, Daily Lifestyle, And Nutrition Value-Based Products; Investment: To get started with Herbalife distributor, you'll need to purchase a starter kit worth $94.10 Commission: 15% to 50% of each product you sell. I should have known it was a scam, who calls people on a sunday!? Had he invested his 30 years with any number of other companies, he could be retiring with tons to show for it. Do I just block them and never contact them again? 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. Ive just arrived in America from overseas. There were about 20 other people sitting in the chairs. Thanks for your reviews, Wasting time is the #1 sin in job hunting. Wed discussed it before, and Id tried to suggest Vanguard for a 401k, as I was not familiar with Primerica. He kept pushing What do I have to lose?? 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. I can see where some think the avenue of recruiting equates to MLM but Id argue thats simply due to lack of knowledge. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. I offered to quickly mail her one, as I had not brought one myself (I already had bad vibes, so I didnt even bother bringing a hard copy). What deity do these two preachers represent? I went to the interview and we just hire anyone. But believe me, when youre lacking in confidence any morsel thrown down from the masters table seems like a feast. They are lied to about the opportunity and I feel a responsibility to give consumers the information the MLM people will never tell them. I already know about Prime, as this isnt my first go around with them or companies like them, so I am just going to humor them and then as gently as possible (not) let them know this is not for me. Yes There are 76 helpful reviews 76 No There are 37 unhelpful reviews 37. Many years ago, I got a call at work from a Primerica recruiter. He first asked me about past employment, what im going to school for (Chemistry major), my hobbies, etc. Primerica offers web-based learning materials and a practice exam. In fact, the only thing I remember from that call was his saying Citi weird. Keep them going with promises of big fat contact lists. I think that phone call was probably someone in the office calling him to tell him that he was at an hour and that he could go ahead and wrap it up. Now what?! I dug and dug until I found PFScareers.com which is the new recruit site. Thank goodness I didnt fall for that crap. Thats why they havent been charged. So this nice, well-put together woman is kind of a nice change to talk to. Its legal, yes..but a scam in every sense of the word, that relies on cult mentality. I had an interview yesterday with the regional Vice President. I have worked with recruiters and hiring managers long enough to know that is poor phone etiquette at best. She asked me the most useless questions ever, such as, How do you want to be treated if you work here? She was also unable to give me specific details about the position I was interviewing for. I advised that I am looking for roles in the IT field, preferably as a deskside technician. I have morals, I have my beliefs, everyone has their entitled opinions. I Started a policy with Primerica in 2018, against my better judgement. He said Id love to have you come and work for me etc. Overall sounded ok but things started to not add up. I thought an in-person cash payment would be appropriate for the funds but i guess not. It is a legit MLM business opportunity that has been around for more than 40 years, and it's possible to make real money if done right. She called me today asking me about coming in. Dont spread lies when you failed at the business. I get NOTHING from writing about multi-level marketing scams. If you want to get ahead in life be an entrepreneur. I remembered now, although I didnt pay attention then, how defensive he had gotten as he told me he was too wise to throw away money on a car. Primerica IS A PYRAMID. So I bit and went to the interview. They said they would need my bank information. 8 Controversial MLM Schemes To Stay Away From. * Also, if someone wasnt college material, and all they were qualified for is a $10-15/hr job, but they really loved their family and wanted to do more to provide for them, to where, other than another MLM type jobs, could they go? I had an interview yesterday, and went, mainly because I was contacted about a trainer position, not a sales agent position. I googled psfl darmouth (included in the e-mail) and the first link was primerica is a pyramid scheme/scam so that was enough for me. I was VERY unhappy in my job and I had been actively looking. Before I knew it was Primerica, I thought I was going to be interviewing for Coldwell Bankers, who have a good and legitimate real estate reputation. Was met by slick, greasy sales guy in an office the size of a shoebox. He works VERY hard for his money and does not seem to be producing a lot of it. I just hope it was a legit employee just trying to recruit more people. I feel deceived, and I feel like my classmate & her boyfriend are being deceived also. Well talk about me and what I do later. Um, alright. but after reading this I wont be going. Real estate agents and brokers are not in the business of recruiting. Being very analytical, I would have not had a good interview with another manager in a different company. It calls back the last received call. They provide 45 - 55% of the first year premium. I asked him if this was optional and he said No, its REQUIRED. Thats where my suspicions got ever higher. Its based on any rep earning $100k DURING ANY BEST 12 MONTH ROLLING WINDOW during their entire careers. I was approached by a Primerica representative at a job fair on a military post on Nov 28. I can see her answering it even in the middle of the night to talk me out of cancelling. She the. They sold me on it, and even managed to sell me on signing up for their life insurance. I knew from the phone call that something was wrong. A customer commented to me that he was impressed by my way with patrons to our store. Simple as that. The meeting starts after like 30 minutes past I still dont understand what I would be doing so I start asking questions about the company and I was told the company name is Prime America and how there is no website but that the company is one of the biggest companies in the world. Well, okay Atlantis it is. He says he has Series 6, 63 & 7 brokers licenses. Im glad I did my research. Only two other rooms seemed to be in this building, a walled-off office and a copy room that was more or less a bump off the main hallway. I am so tired of these scammers connecting with you and then giving you a sales pitch. Her mistake was telling me this could be part time. So with people like this, I report them to LinkedIn and then block them. I, too, have an interview for tomorrow that I doubt Ill go to now! Everything Ive written here is true so please dont waste your time on these people. So then i asked him thru Facebook and he said no and now im here and im so glad i am. I wonder if the experiences shared here are indicative of the company as a whole or just unchecked human behavior that isnt managed from senior corporate leadership. 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. She asked me who I had been asked to interview with after I introduced myself. 4.praying primerica is what it is for good, help me with these to open up my next store FOR GOODfor all you i dont believe a business can be good and their only out for my money. I didnt think much of it until I went inside. In conclusion I think its awesome that they make 30 million a year off active reps paying fees, from a business standpoint, of course.
Betty T Yee State Controller Disbursements Bureau,
Articles P
