She lost her job and became an easy target from a fast-talking recruiter that filled her head with a pipe dream. Whats this guys deal anyway? 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. They didnt get my credit card info but they have my social security number and my other info. Here is another good read that breaks down how much the corporation makes just from recruits, and reps: My own confidence in my judgment is severely shaken. I asked, how can I be that guy? (pointing to the top of the pyramid). My brother-in-law has been very successful selling Insurance through a smaller company, Modern Woodmen of America. And I was like a job description of what Ill be doing and how the company works. 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. Um And these were my thoughts. Got invited to a "meeting" at their office. So happy I dug deeper. She mentioned her husband company briefly and for someone else to pass on the info. After my daughter hung up the phone I received a call from the recruiter. You want a cashier to manage your office? Right before the presentation I actually heard ex boss whisper to the young sales man, I thought that this would be somelow hanging fruit for you and nods to me. You would think that this would be BEYOND retirement for people who are setting themselves up with residual income. I know my story sounds the same as many others go figure, right, these guys seem to work from the same playbook but I figured Id add mine. Pyramids are illegal and would NOT be listed on the NYSE. At least i can say i tried on something that could have worked. I went to the first interview today. She handed me a clip board and asked me to fill out the information requested. Everyone knows its MLM even though the company avoids the term like the plague. Look this up on Wikipedia, the very unusual and very unique model that Primerica uses. Thing is I have a nose for pyramid schemes and multilevel marketers, so my radar was going off right away when I heard all the generalizing. Well, I didnt stick around to find out if it would work or not because I stopped going once me and my mother got a bad feeling about the company. A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products.As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal. I ran a department in a communications company that was ultimately relocated. He told me to have a seat and that there was going to be a presentation. I knew that kind of pushiness in indicative of something bad but I gave in anyway because like I said, I loved the couple and I really did like the financial planning part of the system. I am not unemployed and actually own my own legitimate business. I will go but the moment I feel like Im being pitched, Im graciously declining and peacing out. She had a nice dark tan and spiky hair with maroon tips and very pale yellow roots. You broke ass people who work in corporate America all work under a boss. However the comments of one man on here did not sit right with me. Just my two cents worth. Furthermore, in order to get into a hedge fund, one has to invest more than a million dollars out of pocket. 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. When you get that defensive and that angry, its like you feel the need to justify yourself so you go into defensive mode. Over the weekend my family and I went to the Disney store to get my daughter a present and as I was shopping with my daughter my husband sort of stayed behind with my son, my husband was standing over to the wall when a pair of ladies came over to him and started saying oh how sweet your daugther looks with the princess out fits and how she has 7 kids at home and yada yada, my husband was clearly uncomfortable since he did nothing to start the conversation, he started to walk over my way and they followed him towards me, the older lady asked me if I was working and I said no, im a stay at home mom she seem put off by my answer and then turned to my husband and asked him the same question, to which he answered Yes, Im a plumber she made a coment and dismissed the reply by saying that she had a better opportunity for him to make money. Ive read a ton of comments on other sites as well, and this is just not cool! I asked him if this was optional and he said No, its REQUIRED. Thats where my suspicions got ever higher. Talking to him? I work with a woman who is always trying to recruit people by taking them almost 2 hours away to hear the presentation. Those products should be purchased at companies other than Primerica. I reminded her I was not there for a financial health check, but rather for a job pertaining to repairing computers NOT a door-to-door 3rd-party insurance salesman. I dont dismiss this reality that commissions in a MLM organization are necessarily lower than those one would earn in another sales setting. 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. When I walked in Spanish music was playing and the office was empty even in the so called Vice Presidents office its was empty and had fake plaques and stuff every where. We need educate general public ! But the point is, even then they required a fee to be hired. My daughter was contacted by Primerica and she told them I was looking for a job. Like I said, its a dive bar and the usual clientele is pretty rough. Wheres the money? I had come across this blog a few months back after hearing about this scam. I told him i was not looking to sell door to door or force anyone to sign up for gimmicks, which He reassured me that i would not be doing. Im no stranger to mlm. I want to get out of there now. Also they said they would need to talk to my parents, remember Im a student in school so maybe it might of been valid for parental consent, but to me this was bit fishy as this may have been a way for them to start getting business off me. I was livid but had to go along so as to get out of there. not entrepreneurial So, I was interested and I REALLY loved the couple and was glad to see and hang out with them after so long. Thank you to all for your comments! What a shame. Well I actually went and talked to someone of those guys in the company but at the beggining I thought this would be fake because I ask one of them about the website and he started talking me about the money Id make and he didnt gave me anything but to be honest nobody have to pay to be hired.. Dont believe in Primerica. She asked a few questions about my past work experience as well. Thank you for providing this information! As for the Author she seems to have ulterior motives and a chip on her shoulder regarding the company. Why didnt I say, when he was at the bottom of page 1 that I didnt think it was the right fit and move on??? 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. 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. He proceeded to tell me that he called his partner about me and said I am great with people and would love for me to join their team if I was open to opportunities. I shook my head, frustrated again, starting to wonder how long it would take til I would really succeed at this. He agreed, however, I had a bad feeling about him and the conversation we had had and decided not to call him back. People do real research before you blow an opportunity and not this Google cap where anyone can post anything on it. Im grateful for this site and the posts here. Very very glad I read this. (OK, he didnt really say busy busy busy, but now that I think back that is the impression that he gave me.) Go some place were you wont have to exploit people looking for a real job. Luring young grads seems to be low hanging fruit for these guysmostly because these hungry go-getters that dont know any better. There seems to be a way to make money but you have to be highly deceptive and cut-throat, oh, and pretty desperate to make money in MLM. LISLE IL. 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). Took a few days of being put off, appointments came up, etc, but finally we were sitting in his office, my stack of resumes in front of him, me sitting eagerly poised to take notes. It has been at least 15 years. I didnt think much of it until I went inside. Ask God. I was at one of their interviews just a couple hours ago. Primerica Financial Services is a multi-level marketing company that sells life insurance and investments. The 'Private Investment Club' conference had everything: a host demanding people pay for 'VIP' access, weird pyramid diagrams, "plerking," and a celebrity guest who clearly didn't read the memo. Last week I was approached at my job by two people. Then he started talking about me bringing in names of people to add to my team for my business. He told me that I would make more money by bringing in people. Thank you! If anyone has been approached, RUN!!!! I am grateful for the posts by so many and I am glad I cancelled. Now YEARS later Im getting calls from them. They tried to get me to come to a meeting next Monday with the VP, but with my work schedule and doctors appointments for my two disabled children, that wasnt in the cards, so they tried to get me to show early for work tonight and I again said no, so they set up a meeting at 1:30 am tonight after I finish work. 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. He had his upline with him during the visit and presented me with a PowerPoint presentation. ?, Dont you want to own your own business?. I will be calling them in the morning to say that I will not be participating in this ridiculously insidious scam after all. Were looking for employment & to get taken advantage of. He asked me for my number so that he may call me later, I provided it, and then after he decided to instead just ask me to come see him tomorrow. No, I have never been a part of Primerica. Ive read just about every comment and I am not going after all. Yes, Orlando, pyramids are illegal and MLMs have very carefully crafted their companies to APPEAR not to be pyramids. People should learn to use critical thinking skills before jumping into something like this, as they prey upon your emotions and desperation. He said we were guaranteed to get them to buy with that trick. (another red flag.) This is just like Aimway, they make you sign up and promise you, you will make money fast and easy. MLM is not about work ethic. Write by: . I was approached last night while grocery shopping at Star market. I immediately searched the company and came across this page. There are two levels of people in the business, not infinite levels. After the presentation I went in to talk with the reps I talked to at the outset of the interview and we went over how the work schedule would work and they asked me what days I was available and when it got to the application portion, I hesitated. Are there good people in this business? Continue reading 9 people found this review helpful Helpful Share 5.0 So far, my experience has been very positive. but after reading this I wont be going. Another middle schooler came in and went directly to the back where the party was. I asked what does this have anything to do with life insurance, or a job? 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. Nevermind they had all tacky, cheap, white trash decor. The location seemed extremely sketchy too. Ive spent 175$ in total so far. It would be too painful to add up all the hours, dollars, and gas I had so far invested into this business. He did have an office, yes, but that doesnt necessarily mean he made the money to keep it afloat. However, it does not mean that because it is legal that the company' structure is not shape like a pyramid. 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.
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