The interview should have been tomorrow but I wanted to learn more about the company so I extended until Monday. All MLMs eventually reach a saturation point where the bottom tiers are almost literally competing for scraps because the word gets out about the nature of their business model and they become shunned by most prospective recruits. I asked him if he was headhunting and he said, No, Im actually early for a business meeting and your personality caught my attention. So, after leaving them I channeled all of that energy 110% into my own venture. He mentioned the company would pay for license and classes and would like for me to start working part time for 5 hrs a week these next few months. Humans are not numbers! Primerica is an insurance company. Act really dumb and make them explain things 3 or 4 times. We need educate general public ! I finally ended it telling her Im sorry but no and she said thank you and turned her back on me. Well! The main product Primerica offers is Term Life Insurance. SAVE YOUR LIFE- DONT JOIN PRIMERICA. The answer, I am CERTAIN, is NO! I had no desire to pursue such a career related to insurance, as I prefer investing. I just wanted to voice my opinion. 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. As far as heightened prices if this is the case how is it that their clients save money on the services? 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. Wondering if it was even actually possible. I think its great that youre considering getting back into the workforce, and its probably a smart idea to start off part time. The company with the highest growth in NYSE last year, where tesla motors had the second highest growth, is a scam to you all, who is having trouble surviving and stuck in a JOB (Just Over Broke). This is just like Aimway, they make you sign up and promise you, you will make money fast and easy. He told me, and when I Googled it, I found this. How fun. I quit altogether after 2 months because it was the most draining months of my life. I asked his name, he says Fitzgerald, refused to give a last name. Come to find out the husband was the one who was really pushing me to join the business after I had TOLD them I wasnt interested in anything besides getting my finances together and I would contact them if I wanted to buy insurance or whatever. I listened to all the BS coming out of everyones mouth. A pyramid scheme is a fraudulent and unsustainable investment pitch that relies on promising unrealistic returns from imaginary investments. I dont know man. He frowns and shakes his head at me. The Ultimate Road Trip. Randomly the thought popped into my head, he also said working 2-5 hours a week would mean an extra $1-2000 a month for your family but I quickly dismissed that thought. Nevermind they had all tacky, cheap, white trash decor. The small group of initial promotors at the top . I swear it literally looked like an apartment building inside with rooms separated and a dark hallway. The annuities and mutual funds are sold via a licensed dealer and broker called PFS Investments. Legit MLMs and pyramid scams have a few key differences. 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. Anyone with money who makes a good living does not discuss that in open form with people at a so called job interview be smarter than the rest of us , cancel , complain and dont let them take advantage of you. What should I be doing? If you have a 6, 63, and 7 series. I returned her call on Monday and it was all very vague. My parents have been in these pyramids a couple of times, i guess you can say it runs in the family. 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. please dont look me up. No, I am not very angry with the company. I do, however, believe it is very important to inform people about the truth behind multi-level marketing. He set me an interview for 3:30 PM, but by 1:30 I had already read these reviews I decide I wasnt going to go to the interview after reading all these reviews. Can be a plane, train or automobile. I went to the interview and we just hire anyone. Id rather make money selling the product than recruiting others to recruit others to recruit others. I proceeded to ask him how he could make me a job offer without a resume and he gave a decent answer saying that he cares more about the character of a person and that a resume is just a piece of paper yada yada. Appreciate it! I looked up Wallace Murphy with Primerica, it showed his picture and what he was about, but after reading this I will also be canceling my interview as well. She stated that it would be for the Fort Lauderdale office but that more locations would be opening. When I laughed at her question, she assured me it was because she wanted to know about my credibility, although she failed to explain how where my family lives illuminates anything about my character Clearly, they are looking for people with family/friends to pitch their products to. Understanding The Tier-11 Membership Of Primerica I have followed this blog for quite some time. I was approached this past weekend while at work where a lady chatted me up, telling me that I had the right personality for an up and coming business based out of another city. 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. I am glad that I came across this blog because rather than wasting my day off from running errands and spending time with my children, I wouldve been sitting in a UNPRODUCTIVE and pointless interview just to GATHER INFORMATION that should have already been provided to me. I hope theu chok on those miions $ they made when we went public . Luckily, I was sitting next to her so the moment she said it was from Primaerica I told her it was a scam. Wake up people, youre just blind ?! 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.. Anyway, flash forward to last week, I get a phone call from them. THANK GODNESS I LISTENED TO MY INTUITION!!!!!! 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. People in MLM pay to play. 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. Later found out this company had sold my sister, whos a single mom, a massive EXPENSIVE insurance policy. So me and my friend were at the store when a guy randomly came up to us to talk about his wifes company. No! I am now on the A-TEAM, she says, a daring-do group of financial managers that will change the world. Primerica asks their reps for quite a bit. The hard sales pitch, corporato-cult speak, and grandiose promises are like a jackhammer to my sodden, achey head. 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. Hopefully she has read all the history on this company and so on. After dodging her for a few weeks I finally agreed and ate enough of the steam table food to be polite. I agree with your assessment that Primerica is not by definition a pyramid scheme. People should learn to use critical thinking skills before jumping into something like this, as they prey upon your emotions and desperation. It is about the education of it all isnt it? 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 . Thank you everybody. Never going to a meeting after invited and said you would. Their RVP essentially told me he only worked with people who used the product and believed in it. I literally have no experience in asset management, financial businesses or management positions. I thought I would be the one filling out my own application. One from a news channel and some other random one. He kept repeating that they are teaching people how to use their money, but without really saying anything else. Cons. I showed up for the interview and no one knew who I was supposed to be speaking with. Any money i earn, or is traveled up to me, is tax free, so that means. I took a few deep breaths and began to greet reps I knew as they began to enter for the Opportunity Night. Its awful, and it looks awful. Multi-level marketing is not a business. WHY DIDNT I GOOGLE IT??? What professional business calls on a weekend? Either I pay on that time or I can pay after a week If I get hired and it will be part of the hiring process. No, its not defamation. The theory is this approach will provide a greater rate of return compared to the paid-up dividends of a whole life policy. 30+ years. After he finished his little job show-and-tell, he walked out and in walked his grandmother, (Im assuming.) ), I think these Primerica idiots need to get trolled HARD. Recently a dear friend of mine got roped into becoming a rep on the premise of hed be doing families a great justice helping them get their finances in order and providing them with term life insurance. He proposed some vague idea to me one day and set up a visit to discuss. Thanks to all for the above info. 4.) He told me Primerica can be compare to charles schwartz, and a list of fortune 500 financial companies.Anyway, thanks for saving a hour drive to the interview. I told her to keep my money and I left. * If Primerica is a scam, how have they been in business for almost 40 years? If it is such a scam, why is it that people can actually make some extra money once they are trained? Im scared for my friend but I want her to figure it out on her own so she can see what this really is. In legal terms, the answer is no. Now this guy (who knows if he actually works at Primerica) has my SOC. But MLM is a ripoff because they promote a false business opportunity. The business of Primerica Reps is recruiting other reps. I just received a call earlier today. 100% commission pyramid scheme? Went here, not knowing what it was about. Her jewelry looked awful nice for a receptionist. All in all, the research done prior to the interview was useful as some claims from the internet with regards to fake interviews were true. I talked to the women who contacted me through LinkedIn and her husband when I first got there. First of all idiot Pyramids are illegal! I got an email from Mark that hed like to set up an interview. 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. It just all seemed very cheap and tacky, like the trinkets around the office. thank you for opening my eyes! She also had sold Avon at one time too. I received a call earlier from a rep, or whatever. 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 gave him my phone number and when I asked him for a business card he said he did not have one and went on to talk about how he makes 3-4k a weekyeeeaaaah. If you have been invited to an interview, I can tell you that someone cared about you. We were to ask them for a penny (hoping it would be a new penny because those are weaker/thinner than the old ones), and with the new penny we were to use the best cutting scissors ever to cut easily into the penny. A pyramid scheme is a fraudulent system of making money based on recruiting an ever-increasing number of "investors." The initial promoters recruit investors, who in turn recruit more investors, and so on. I must be remembering wrong I tuned back in just in time to hear him say, well, have you ever heard of Citi? then pause. If you want to sell insurance or investments, do it with a real company, not a scammy MLM. Red flags went up immediately obviously he was looking for someone for sales (ugh), and though he wanted to meet immediately he also invited me to a presentation he was giving that evening so I could get a better understanding of what he was about. PFS Investments insights Based on 23 survey responses What people like Supportive environment Clear sense of purpose Time and location flexibility Primerica Financial services Pays really well. Warning any company Rep from anywhere that is vague with answering your questions ? There were about 20 other people sitting in the chairs. Lever term is obtainable from top rated companies for far less money. Plus, I knew I had read somewhere on POL (online website for reps) that it was against compliance to block the number. 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 saw the company 15 years ago and I am SO sorry I didnt jump at that time! I have an appointment on Monday. To the last comment, the most draining 2 months?? Told my interviewer I would call him back this week with a reply. At this point, I had a chance to become aware of the atmosphere in this building. How did she get my information? PRIMERICA has changed their lives. A large black SUV, an Excursion or an Escalade, pulled up next to me and a rather dapper-looking kid about middle school age got out as his mother sat in the parking lot, engine off. So glad everything that I was concerned about has been confirmed. Its funny how my perspective has changed. My friend lost his job and this what fell into his lap. Pre-Paid Legal/ LegalShield is a company that offers basic level legal services as a monthly subscription and a discount for attorney's inside their network. Will do anything to hire people. The man calling me in for an interview was very abrupt and gave very little information, besides the address and time. He asked if we knew anyone looking for a job part-time or full-time. Thanks for this post. A couple of days ago, I posted the following on Craigslist: Hello, Ive excellent command of MS-Word, MS-Excel, and MS-PowerPoint. They WILL continue to call you even after you have said no. He contacted me about a week ago about a possible part time job opportunity working for him in a company that he said earns him more money than his full time job at the funeral home. Long story short I didnt fill out the employee application because I knew right away this wasnt for me. The fact is, it takes a good person to spread good, there are many jobs out there that are good with bad people running, working for them. epipens, and or anything that a person needs to have to live and is stupid expensive. I, actually sat through the orientation, and afterwords the deception started. I never identified the gender of my child (which is a boy, by the way). He told us the incredibly vague story of how he managed to get one individual from $20,000 in credit card debt down to zero and then into a mutual fund with a 9% interest rate. I am so glad to have websites like these were people can learn a little more about what they may be getting themselves into. I got suspicious and ask if this is an mlm company (I dont even know why, well, I know a lot about mlm companies from the past). Only regret filled out the intake paperwork, but kept a copy intentionally messed up. Therefore, before joining Primerica, you might pose and ask yourself if it is a pyramid scheme. I thought I had a job interview today where the man switched to trying to get me to be a Primerica rep. Its dead quiet, and a woman Ill call Mary comes in, telling me she is waiting for someone she had met there the night before. The money received from the new recruits is used to pay off the . You need to pay 99.00 for a background check and need my sos and license. NO legitimate for hire position will require the applicant to pay for the privilege to work for the company. Then he spent the next 5-10 minutes telling me that the company is called Primerica and what they do is sell life insurance, auto insurance, and help people with debt. At this point, things seemed a bit odd. 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 told her I was looking for a salary based job opportunity and if she couldnt offer that, then I was cancelling the interview because her job offer didnt fit my current needs or interest. Just went to one of these sad displays lst night got dragged in by a friend. insurance MLM firm Primerica is a legitimate and long-established company. After reading this, I will make sure to block the number so I dont get any calls through. I would STAY AWAY from Primerica. I went for the so called interview today and was completely confused and turned off. A customer commented to me that he was impressed by my way with patrons to our store. This place is a joke, dont waste your time or money on them. Naturally, none of this sounded normal. It seemed to good to be true. (im able to buy back my active years for mil tec job, so when im 47 i will have 2 pensions. I blew it all off the moment I was dismissed. I told him I was talking summer courses and I really wasnt looking for work but I actually was (does that make sense?). I think this is so sad if shes not realizing what she has gotten herself into. I said I dont have the money (but the back of my mind I know that it is already a scam). Broke people mentality. NO, I was special and needed to join and they offered to pay my fee, the $99. My interviewer did not have a copy of my resume. This is more of my experiences and not really bashing Primerica. ONE EVEN SAID THAT PRIMERICA STOLE HIS SS# BANK ACCT AND AND ALL HIS FRIENDS HE REFERRED!!!!!!! He clapped me on the shoulder with a hearty see you tomorrow for training! and I watched him climb into his beat-up Honda civic. same here. Primerica IS A PYRAMID. Ponzi schemes simply require a cash investment to earn returns. Something about honesty. 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. I walk around the corner and watch her drive off, then quickly whip out my phone and Google PRIMERICA. To all you haters and doubters Primerica is NOT a business for sheeple it is a bonafide business opportunity that requires hard work many people cant do it thats why the rewards are so great if you persist! Im an extremely brutally honest person, so when he asked what was on my mind i told him the truth. Once again, most people need financial help to get where they want to be. And now I am here. Would rather wait for another job. To be honest, I saw a flyer on a corkboard at my university and, as a college student, the struggle is real, so I decided to check it out. Almost everyone involved in MLM is guaranteed to lose money. I stopped giving out leads once I realized that I wasnt getting paid at all. Finally, in the course of mulling this decision I have read at Primericas own website that new life insurance agents earned $6000/yr on average in 2013, I think was the year cited. WHO calls someones parents to schedule a meeting to make them feel more comfortable to work for them. 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 have an intervew tomorrow too, but i decided not to go after reading, thank you. Take up as much of their time as possible, keep them on a string. * What is a pyramid scheme exactly? Calling me rude, and saying other unprofessional things like LOL. The new trainer gets nothing because he is not licensed yet. Learn about pyramid schemes and other crimes at FindLaw's Criminal Charges section. No one ever said it was going to be easy, and if you thought it was, then i dont know what to tell you. What a waste of human DNA both of them ! He texted me the address (unprofessional) and me, being naive agreed. She asked a few questions about my past work experience as well. It was an apartment looking complex with no name, nothing. http://www.sequenceinc.com/fraudfiles/2015/03/multi-level-marketing-is-not-a-business-its-a-pyramid-scheme/. There was literally no way of knowing. So j just kept searching information about this company and after reading this post and threads I decided not to go to the interview. Laws have been put in place to prevent this flawed business scheme . A pyramid scheme is a fraudulent system of making money based on recruiting an ever-increasing number of "investors." The initial promoters recruit investors, who in turn recruit more investors, and so on. The hairs on my neck stood up when she spoke like this, but I figured it couldnt hurt to hear about the position. After reading these comments I can say I will not be showing up Wednesday at 6:15 for my interview. When you feel the need to bully someone like that, there is something lacking in you. WHEW!! I said yes just to help her out. I ask because Primerica agents and Real Estate agents/brokers are both commission based but people have no problem with being a real estate agent right nor do they have any issues with purchasing homes that will most likely put them in HUGE debt. 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. They were in my home for almost 3 hours, 10 minutes before they left (which was an hour ago btw!!) They are a public traded company but a lot of slime-balls are publicly traded and perform well in the stock market. Im not looking for a job. Primerica gives additional life insurance policies that cover 10, 15, 20, 25, 30, and 35 years. The bottom line is that Primerica sells legitimate products and services (life insurance and investments), but sells them at inflated prices to generally unsophisticated consumers. It would be nice if the government would step in and help protect the people who dont have the sense to see these for what they are. Tracy did you use to do Primerica and was unsuccessful because you seem very angry with the company? That really put me off. Report pyramid or Ponzi schemes to the Federal Trade Commission (FTC). 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. Its a churn and burn- they will hire ANYONE who can pass a background check. It was clear this is a business. I went with desperately expecting to land a job . I experienced nothing like the others that you have told us about. It seemed way too good to be true, i was literally thinking to myself If this is real, I can finally afford college. He actually asked my associates, first, if I was a good manager, and then introduced himself to me. The scheme is called a "pyramid" because at each level, the number of investors increases. I should be filling out my own application. The first presenter is very good. I pasted a smile on my face and said of course, hes expecting you, he just stepped out for a few minutes though inside I was fuming. Sep 27, 2021 7 min Read . But a million questions arose when hed finished describing what it was he did, as he never quite cut to the chase of what Id be doing for the company. I am not against commission based jobs and making money. No, Mercedes is not the same thing as multi-level marketing. We sell legit insurance, that either you already have, or might need at a price that is same or lower, with same or better customer service. The company has been in business since the late 70s and has steadily grown throughout the years. That is why the poor get poorer and the richer who work there ass off get richer! I got suckered into almost joining by two very good friends. Joe get Sally a $800 annual premium, (depending on your team members rank)(entries are REPs 25%) Joe will earn 25% of 800 =200(ONLY ONE TIME,THIS ONE TIME), (PYRAMID TIME) the remaining flows up the tunnel 75% (depending my rank) REP 25%, $200. And also when he would say how much money people would make he would wait for me to respond and I just gave him a blank stare. Go some place were you wont have to exploit people looking for a real job. Information provided on Forbes Advisor is for educational purposes only. It is not a traditional job. Oddly enough, the guy who put up the review had the same last name as the woman who called me to interview. I just a got a phone call this morning and let it go to voicemail from a Kim calling from Primerica in Arlington Heights. Thanks for this wb,I,m so glad for your comments,I ask questions and yes now I now the truth,thanks. Not going to the interview tomorrow. This part-time position, in particular, Im thinking might also allow me to train in a new-but-related field at little or no cost (save licensure fees). She asked if I was interested in working with them, and I said yes. I got the call on Monday evening from a woman (name witheld by me) asking if I would like to be interviewed for a position with her holdings company, Primerica.She told me she found my resume online and I looked like a good fit. No one hands you a silver platter without some work. I went to the office the next day and talked to the rvp and told him what I knew..his wife was there and was furious. But cancelled my credit but should i worry because of the other info that he has still since their a pyramid scheme. He kept pushing What do I have to lose?? As he hung up the phone I exhaled to release the tense feeling I felt, then realized I had been holding my breath for most of the call. Because who wouldnt want to make money a % off ur recruits even when your not there to make the deal.We scheduled another appt. You have to be deceptive to your warm market (family, friends, and contacts). I could do it but dabbling in ventures that call on questionable morals is not my thing. Went well. My friend at the time asked if I wanted to join an informational session with Primerica and see if it was something I would be interested in. I was approached by a Primerica representative at a job fair on a military post on Nov 28. Can anyone who is successful in a traditional business start a business for that little of an investment? 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!!!!!

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