Similar situation to how I found about this market a couple days after Christmas. However, when I suggested that my previous experience would leave me worthy of positions like Business Analyst, I was informed that those positions were only available in the corporate office located in Georgia. My friend convinced me to join, asking to partner up with me since he couldnt get through the door. Im not recruiting people into a pyramid scheme and praying that they recruit more so that I can make a few pennies. 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. I mustve been approached bc I look like a mark. (OK, he didnt really say busy busy busy, but now that I think back that is the impression that he gave me.) Primerica. Hey guys I need some help I wish I saw this before the meeting but I just got home from it. I was looking for work on Craigslist and came across a post for motivated self-starters needed for an up-and-coming financial firm. The first inkling of a warning flag went off in my brain. I can see her answering it even in the middle of the night to talk me out of cancelling. I was approached by a lady who came shopping in the store I work @ now. They asked about my work situation and I told them that I got a job a few months ago. A customer commented to me that he was impressed by my way with patrons to our store. The critical difference between network marketing and a pyramid scheme comes down to the products and services they offer. Not going to take offer with the tidbits from this site as well. But cancelled my credit but should i worry because of the other info that he has still since their a pyramid scheme. So, I was interested and I REALLY loved the couple and was glad to see and hang out with them after so long. 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 had to squeeze in questions as he was trying to hang up without providing any information such as what does PFS stand for? So the First 20 minutes seemed normal, but then it got suspicious. Again why have they not been charged if they are doing something illegal? The second, presents a sales pitch on a legal service. According to their own reports, only 2.5% of their reps earn more than $36k/yr, tho even that pulls their stated average commissions down from $6k to less than $1k or less. I listened to the representatives pitch and decided to do the research like many of you on here. They use your friends and contacts to start you 'business.' To get more percentage you have to get more people into the company. I got a call after meeting with someone from the workforce. (Formerly pre-paid Legas Services, membership I have had for 16 years. I was actually recruited by a Primerica rep that paid the $99 fee for me. (Even then that is to be seen) They clearly have a lot of red flags, and I dont think businesses should be allowed to run like that. The conversation, again, was mostly about me, prompting me to sell myself as someone who should work there. I suppose this was a good business lesson: Carefully research a company before immersing yourself in it. Primerica provides term life insurance at a price that's quite affordable to most families. I will not be invited back even though the host is consider me a friend and wants me to be on her team (her words). If your goal is sales, join a traditional company. She asked for my number that way her trainer would contact me to set up an interview. I wish i had read this before i went, wasted 20 bucks of gas to go, and was exacly has described, what a waste of my time, and i went all nicely dressed. And he said the clients love him and are so thankful that he gets invited to birthday partys and what not like ummmm ok I dont care. Like the other RVPs were worse off for working with people who didnt have it. 30+ years. I also am one of the many that got called out of the blue for posting my resume online. not something good to be involved in. 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??? Many thanks to this website and all those who have contributed toward it. As soon as I seen it was a power point presentation I knew money would be involved. I never identified the gender of my child (which is a boy, by the way). 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. First red flag for me is on LinkedIn. He went in his office and closed the door. 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. Well, at approx 11:00 he got a phone call that he had to take. I was approached last night while grocery shopping at Star market. Im 21 and just recieved a called from them while at work stepping away from the front desk i answered to a guy who gave brief detail about everything your reading above smh not going! I advised that I am looking for roles in the IT field, preferably as a deskside technician. Im not looking for part time work. I entered the room the woman on the phone had told me to go, there were about 20 other people in there with a presenter holding an iPad on his hand. Most of the money on the financial products you sell will go to YOU, rather than some pyramid. But It didnt make sense that I was not given the company name but did get a management position for something I know nothing about. I thought Im supposed to be learning here? MLM is not a business. 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. In fact, the only thing I remember from that call was his saying Citi weird. I received a phone call yesterday and on my mobile phone, which despite the fact that I am looking for a job, I only mention in cover letters or to recruiters who approach me on my landline. Well! I wasent sure what to expect, all she told me was to dress proffesional and that was it. She was upset and wanted to know who told me those rumors. Thank you for everyone posting. Its a good 3 hours of my life that I will never get back. I did find it funny though, because it was clear he was representing an MLM based on the fact that his business cards didnt have an actual company name, used a generic Vistaprint background, and listed him as a Financial Coach or something like that. A woman approached me and complimented me on my bag, asking me where I got it from. Primerica is the greatest opportunity to have your own business ever created. Everything Ive written here is true so please dont waste your time on these people. Peace and blessings to you. He then tried to get my bank account info right after and I just barely made it out of that. cattle calls they lie about and call job interviews. However, Im wondering if that might be an acceptable trade-off for me, if this setting offers the gradual training and the part-time opportunity (at first) that Im seeking? He had been eyeballing me since I walked into the store. Am I applying for a job? She deflects quickly, This is the part when I get to know YOU. This is a pre-paid legal services plan that provides members with access to attorneys for a variety of legal needs. I was a little suspicious, and thought it was strange he didnt tell me the name of the company, so I asked him. Thanks for your reviews, Wasting time is the #1 sin in job hunting. Can I get your number, and maybe we can chat? I say sure, never expecting to hear from her again, and leave her my number. I believe the only way to get ahead in America is by entrepreneurship, MLM and/or Franchise if you can afford it truth be told, if you think about a PYRAMID, you could look at your job as one. Naturally, none of this sounded normal. He said he worked for a brokerage firm and was looking for managers for several offices he is opening in the area. My daughter was contacted by Primerica and she told them I was looking for a job. I also heard the leadership bit. Its not for everyone! 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. A former classmate of mine saw my Facebook post that I was looking for part-time work and called me. Anyway sort of brings out the negatives in the post. Im just worried if I tell him I thought about it and wouldnt want to proceed, he has basically ally information, Im in the same position as you i dont want to recruit others and im scared with the info they have. She was pleasant and I was willing to pay the $99 up front and take the life insurance exam. Got invited to a "meeting" at their office. I didnt think much of it until I went inside. You may even have to buy products before you're eligible to be paid or get certain bonuses. Please dont contact me again. Ta da. I will say that the highest ranking person I worked with has now been involved with the company for over 30 years. The graph had 1 gent at the top and every subsequent tier had exponentially increasing members making exponentially less money. Ex boss explains that he also wants me to set that up as an employee benefit. Calling me rude, and saying other unprofessional things like LOL. THIS IS A BUSINESS, and youre too lazy to work for yourself or want to educate people on their finances. Ive spent 175$ in total so far. Does How the Company Works Show a Pyramid Scheme? I felt anxiety throughout this whole calling session. The difference was the leadership at Cutco wasnt as slimy as the women who interviewed me when I got introduced to Primerica. So I cancelled, and avoided an unpleasant and wasted evening. 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. As shes leaving, she stops and says, You know, I never do this because its disrespectful to approach people at their jobs. Primerica Debt Management How Can You Make Money With Primerica? My friend has her insurance with them. I stopped giving out leads once I realized that I wasnt getting paid at all. lets protest guys!!!! I had come across this blog a few months back after hearing about this scam. 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 Surely it wouldnt matter in the end, as long as we get the recruit right? Louisiana Primerica They offered you the opportunity to make extra money about $200/hour extraas I said, the only reason someone didnt make money in Primerica is because they didnt work. I do believe my guy calls with an unknown number. So upset. This was an immediate turn off for me. When I stated that this was just short of a pyramid scheme and that my last interview with the company (5 years ago) resulted in someone wanting me to buy over $100 worth of licenses, they had nothing to say. After reading the warm market info in the above posts, am kind of leary. I got a random call from a guy name nico saying that I was referred to them and they have a job opening and I could scedual a interview for me and that I should come dressed business causal and come on time because he is a busy man. I sign some kind of agreement that she mysteriously summarizes for me instead of letting me read. Our government allows them to operate. I asked her DO I NEED TO PAY ANYTHING TODAY, she said yes $140. Answer (1 of 24): From my recent exploration of their compensation plan, they are very similar to the traditional broker/dealer -> agent model of insurance, real estate, and mortgage brokers. As of this morning, the morning after, I wrote an appology text to my 5 references and also a warning that they may be hearing back from this company asking them to get involved as well. I follow their stock using an app called Searching Alpha, which is an app that has people doing analysis of various stocks. I would STAY AWAY from Primerica. Id rather make money selling the product than recruiting others to recruit others to recruit others. Once again, most people need financial help to get where they want to be. I have better things to do than waste my time being pitched for a scam that takes advantage of people who dont know better. If anyone has been approached, RUN!!!! This is where it got a bit fishy. 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. 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. He was strange, deceptive and refused to answer why he supposedly left this well-known company which had me a bit concerned. this woman I met about two years ago at my job . Primerica IS A PYRAMID. I was ready to mangle both of them Im so fed up with these lames at this time. So this nice, well-put together woman is kind of a nice change to talk to. I saw the company 15 years ago and I am SO sorry I didnt jump at that time! A long time ago one of these assholes gave me a card and took my info, sadly I was told it was a scam after I gave my info. She then proceeds to pitch to me what Primerica does and how important life insurance is. It doesnt state that many on the list never again achieved those sales levels. 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 could do it but dabbling in ventures that call on questionable morals is not my thing. SCAMMMMMMMMMMMMMMMM. Theres so many good jobs out there- dont go this route. They know what positions they are trying to fill and what each position entices and dont beat about the bush when asked about that. I found it extremely weird they had my info and Ive never heard of them before; however, I gave them a chance because I needed a summer job. I am left feeling overly annoyed. 2. I already work full time. I was excited and didnt even think to look up the company until I got a text message at 11:30pm to confirm my interview. epipens, and or anything that a person needs to have to live and is stupid expensive. EX. 3. open up my own winery making cranberry wine. I had a bad feeling so I googled the address. I am not unemployed and actually own my own legitimate business. (Unless of course, you count the harassing phone calls and emails I put up with from MLM cult members.). I think you are mistaken. You can say all you want about how great the company is, but when a top RVP in a MAJOR metropolitan area of 30 years is sucking it, something is very wrong. I play along, cause I dunno. They pay lots of money to attorneys to help them navigate the laws and create something that looks legal. My parents make good money and know how to save. Some are a couple miles down the road and some are across the country or across the ocean to the most fantastic scenery or landmarks you've ever seen. MLM is not a company, but a form of generating income. I just wanted to voice my opinion. 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. The agent was a very nice Italian-American woman who actually knew something about financial services. 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. He then had a slide showing the tiers and potential earnings. You wouldn't want to associate yourself with them, especially when fully aware. Had forgotten the details but Tracy Coenens information on many posts about the 99% failure rate of MLMs, despite Primericas legitimate products have me thinking. I totally see it now. Because most likely many of you canceled your appointments, and during that appointment time ended up doing something unproductive anyway, like watching TV, or browsing the Internet. Sitting there listening, my mind went back to the phone call that him and I had, when my interview was booked. Shame. Went here, not knowing what it was about. A real boss would have trained me properly in the first place, not have been so blinded by potential dollar signs and a taking care of ME first attitude. There are also barriers of entry ex: background check and licensing. Went well. Take their advise and apply it on your own people. Will do anything to hire people. I dont. But dude. The complaint . 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. They all were wearing suits and carrying black portfolios. The rep is a West Point grad, and seems like a good guy. I was the first one there so I put the lights on and tidied up a bit. But I guess well see what they do to me and all of my information. They have my info and address and all kinds of info will they use it against me if I dont work for them? Do they mention that you will need to pay $30/month just to be able to access their online program? Its quite pathetic that all of us in the comments are forced to search out information on the web rather than hear it straight from the snakes that work for this company. 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. Well, no touchdown today for you, Primerica! I immediately searched the company and came across this page. BBB is here to help. So, right after walking out, I went back around to Coldwell Bankers and told them I would rather work for them, and left my information with the receptionist who was amazing, and seemed to actually like her job! I am considering doing Primerica, but I am first doing my due dilligence. she never asked for a resume or any back round on me never told me the name of the company until I asked her today . He had pulled out a 4-6 page brochure that explained why everyone needs their services. Having professional licenses paid for by a company and given the tools and resources to build a book of business on a part or full time basis is a wonderful opportunity for the right people. LOL, Lol thanks God I look it up and they give you such an hope like youre about to win big smh I waist my time dressed all nice thanks God I didnt register yet Im done with them. The manager said he liked me, from a business standpoint of course. id number? The recruits have to pay $100 for a credit check and training. She the. What these agents wont tell you is that another bear market is looming ahead, along with the upcoming changes in Washington. Jeb The reason why they dont give you any information prior to the fake interview is because IT IS A SCAM. 2. He works for the State of Florida. Primerica just needs to do everyone a favor and be upfront about the type of business it is. Do I just block them and never contact them again? He texted me the address (unprofessional) and me, being naive agreed.
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