Mr. John A. Addison Jr., Co-Chief Executive Officer. Or something. Recruiting is not mandatory, as you can make a great income with sales (once licensed as per local regulations, which is what the 99 is for). I get to work on my own hours without having to report to ANYBODY. Those people in Primerica dont know enough about it to investigate, and once they find out the truth, its really hard for them to save face and quit. A former classmate of mine saw my Facebook post that I was looking for part-time work and called me. In conclusion I think its awesome that they make 30 million a year off active reps paying fees, from a business standpoint, of course. Stopped at a job fair. Then a few weeks later, comes our leadership retreat. People who smoke, have a poor . Eventually he told me that he was not offering me a job, so I was even more puzzled. 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. I leaned forward and held my breath to try to hear the womans reply through the phone. The comments here are making a HUGE difference. It came off exactly as I anticipated, money, money, money, completely scripted and complete with props and pictures. Especially one that deals with financial education and asset management. The women who spoke on their first visit asked what Im looking for in a career and mentioned I was very impressive with customer service. I worked HARD at the business, I have had success in other businesses in my life but making money at Primerica is a joke. Wheres the money? 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. Then after 45 mins he told me to come back. If I had a little more information I wouldve researched the company, but there wasnt even a specific name, Im not sure why I didnt consider it a scam at the time. He also told em they were looking for leaders and instructed me to call him to schedule a meeting. I asked what company is this and how did they get my number considering the fact I havent applied for any job positions in almost a year. People in MLM pay to play. That night I came back to the office a bit before 6, when the first interview had been set for. You will lose the business and the friendship. Immediately they sit down and start talking about investing in life insurance for our kids (whom are all under the age of 5, and was around at the time) Talking about prices and growth , im interested, fail! Primeamerica is a legit insurance company. Its not a business, its a scam. As soon as I seen it was a power point presentation I knew money would be involved. 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. http://www.sequenceinc.com/fraudfiles/2013/02/is-multi-level-marketing-a-legitimate-business-method/. Like the $1000-$2000 a month for 10-15 hours a week? Primericas main financial advice is the slogan By term and invest the difference which means figure out what a whole life policy will cost you, buy a term life policy, and invest the balance of what you would have paid for whole life into mutual funds. Time and again, we see these lies and unethical tactics used to lure people into Primerica. He also stated I would be refunded once I completed a certain portion of the tests. That site already gets an, People need 2 stay away from mlms, it will ruin you, Its a mind control cult, its a scam, you need 2 leave, Not according to nasdaq. I knew something was fishy from the start. I wasted a month of my busy life and thankfully, I already maintain a good internship at a wealth management firm and did not leave it for such stupidity. I hope she doesnt see this thread because she will get defensive about this company. BBB Business Profiles may not be reproduced for sales or promotional purposes. It was the first time I smelled something fishy. Again thanks for the information. Also, MLM companies are notorious for overcharging and under performing. It occurs to me that if a person would want to try this kind of sales, then it would be just as easy to sign up with a major insurer such as Woodmen or Northwestern Mutual, NY Life, etc. SCAMMMMMMMMMMMMMMMM. They are a scam! I thought everyone wanted/needed our products and opportunity. This morning I received a message saying he was looking for 7-10 people to fill various roles in his office and wanted me to let him know of candidates. I did. I will be posting this to all of my social media, explaining what a scam this company really is. 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. My name, what I do, how much Id like to make, what my goals are. I had started in 1984 and it took me until 1990 (six years) to make RVP. You have to have an insurance license to work. I could hear a party going on in the background and the aroma of delivered pizza hit my nose. Then she laid it on the table: I needed to go out and start recruiting. My friend has her insurance with them. Just got off the phone with a recruiter from Primarica, and he made it sound like he sought me out for this position. Thank you for providing this information! 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!? The next day I came in for the interview and something seemed a little off. Operated a pyramid scheme: The company also encourages consumers to become Financial Education Services "agents" themselves, selling the company's services to other consumers. Go get a real job and stop preying on innocent people trying to get ahead in life. A typical recruiting ploy in Primerica is the job interview. I, pretended was interested, really put on an academy award performance. Tracy says this is about recruitment and getting people to pay the initial and monthly fees. Often in a pyramid scheme, you'll be encouraged or even required to buy a certain amount of product at regular intervals, even if you already have more inventory than you can use or sell. @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. 24 hours later he still hadnt responded. Still, no alarms. No, the only logical answer is that they somehow benefit from this revolving door. I am so ashame to be same species as John adison and glen williams . Look into those; and if the person you are dealing with only goes to the one service and being a rep,, find another Primerica person to help you. When called at home, I got a vague assurance that I would be a good fit. Hey guys, so I went through the exact same thing, someone on one of my social media had publicized a post saying anyone 18 and over looking for a.job, my company is hiring. I was interested so I messaged the person and I asked what company and what position, she briefly told me it was a financial services company and that was it. ?, Dont you want to own your own business?. (im able to buy back my active years for mil tec job, so when im 47 i will have 2 pensions. So if you keep your premiums paid, your family will receive the benefit. Ive very good internet skills. They were put off because when they ask if anyone had any questions, I raised my arms and stated above. I would suggest insurance agencies and companies like Edward Jones. I already worked full time for a corporate company but just needed some side income. No legitimate employer is secretive about the position before you come in for an interview. Only one company filed a lawsuit in a failed attempt to prevent these upgrades. I need a new job BAD I dont need too be wasting time on BS it was so ridiculous. The SEC found that PFS Investments Inc. had failed to have in place effective policies and procedures to follow up adequately on three complaints received about the Dearborn registered representatives, "selling away" activities. Everything Ive written here is true so please dont waste your time on these people. I am saddened to read this. 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. They particularly seem to prey on unemployed, with a get rich pitch. I Started a policy with Primerica in 2018, against my better judgement. Im generally really polite and dont want to hurt feelings, and I knew that my current work may expire in December, so I figured Id hear him out and then should I need work in December, maybe Ill give him/them a call. PERFECT CANDIDATES! So then i asked him thru Facebook and he said no and now im here and im so glad i am. Most all businesses fail, traditional or mlm. The big no-no for me was that I asked him for a pamphlet, like an information sheet and he was like what do you mean. I know I have to invest a whopping $99 to start my business, and another $25 a month for news and training. My girlfriend interrupts the lunch, I get the sandwich boxed. Multi-level marketing is not entrepreneurship. 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. With a one-time fee of $99 and a monthly fee of $25, you can make more than your startup cost in less than a month. Primerica is a SCAM period. Im not in huge need of anything, Im just exploring my options. I never identified the gender of my child (which is a boy, by the way). But MLM is a ripoff because they promote a false business opportunity. Absolutely disgraceful that there are companies like this out there. Customer Service PFS Investment clients with Legg Mason, Invesco,Fidelity, American Century, Amundi Pioneer, Nuveen and Franklin Templeton funds may check their accounts here. They provide various types of insurance, debt management, financial investment, and credit monitoring services. They would contract with these companies to offer customized plans that are not offered if you the customer dont go through Primerica first. Multiple levels = MLM. Primerica is a leading financial services provider that has been in business for over 40 years, is publicly traded on the New York Stock Exchange under the stock symbol "PRI", and is rated A+ by the Better Business Bureau iii. Thanks to all for the above info. He launched into his clearly rehearsed and scripted talk. At that point in time I had nearly 20 years in electronics and put out many resumes looking for TECHNICAL positions. He says he has Series 6, 63 & 7 brokers licenses. I fill out an application. LOL Stacy. 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 feel so bad and my heart bleeds how mich i lied to the community and friends and sold them something they dont stand for . Thanks for your reviews, Wasting time is the #1 sin in job hunting. They use your friends and contacts to start you 'business.' To get more percentage you have to get more people into the company. When I told him I am no longer interested he kept asking me why and then called me arrogant. She then insisted on calling me on Wednesday to remind me of the appointment and said I was lucky because the vice president would be there on Wednesday -_-. I had heard him talk many times about the cars and houses that the top leaders in the company owned, and had asked him when he was going to get the viper posted on his wall. They guy even scratched his back while slumped into his chair. So, I was interested and I REALLY loved the couple and was glad to see and hang out with them after so long. No, better not, or John would be angry that I said something wrong. I saw the company 15 years ago and I am SO sorry I didnt jump at that time! 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. That you have to buy your own business cards even? I was looking for a receptionist or something. Tracy you cant help others unless you help yourself first. Im so stressed out now because I couldnt come up with a lie to excuse me from that call. Wed discussed it before, and Id tried to suggest Vanguard for a 401k, as I was not familiar with Primerica. I was livid but had to go along so as to get out of there. In reality, they own nothing. 30+ years. The answer, I am CERTAIN, is NO! As someone who has worked for sales organizations for many years, I am really annoyed by the recruiting tactics of some of these folks who run MLM outfits. The subject turns to travel. The good old fashioned telemarketer approach *laughs*. Three days ago, a pair of women came into my store to purchase some items. MLM is not a company, but a form of generating income. Id rather make money selling the product than recruiting others to recruit others to recruit others. HOPE THIS HELPS The first 20 minutes started normal. MLMs are legalized pyramid schemes. What deity do these two preachers represent? A few evenings ago. The annuities and mutual funds are sold via a licensed dealer and broker called PFS Investments. 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. For only $99 you can be licensed to sell insurance to others with us. Presumably because the recruiting pool is getting less and less educated. Lesson learned. Financial Needs Analysis 2. http://www.sequenceinc.com/fraudfiles/2015/03/multi-level-marketing-is-not-a-business-its-a-pyramid-scheme/. The problem in this country is the mindset and victim mentality nobody makes people stay small and closed minded! Just had an interview todayit stated just as everyone elses with a phone call from a lady stating someone gave me your name and advised me you were looking for work and you have a background in administrative work and customer service she said she wanted me for an office manager position. Long story short, I sensed and saw scammers written all over their faces. Im scared for my friend but I want her to figure it out on her own so she can see what this really is. All in cahoots. Report investment scams to the right government agency. The woman who did the phone interview was very nice but once I got off I didnt even recall what the job was really about and realized she set me up in a few days for an in person group interview. 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. Grant cardone once said if you dont have haters, your not working hard enough. Thats the difference. what kind of car would you like to buy? Cant there be commission only jobs? No, its not defamation. Hey every body, i have a guy friend who works at a local health food store, he started telling me about 6 weeks ago about this new business he was recieving training in, he connered me today at the store, and asked if i wanted to sit in on a meeting to see what its all about; well i new something was up when every one was all cheerfull and glad to have me there, i lost count how many people said that to me in the first 20 min, Then came the brief infomercial about the exotic trip you can go on if you just earn enough points, every one kept talking about all the money and free time you can have fro your self, but never once did any say exeactly what you do to actuallu earn any money, oh ya then there was this manditory meeting you have to attend 1200 miles away, and wouldnt you know, they started right with telling every one if you did not make this meeting you simply were not commited, Wow.. Any way after about 45 to 50 min of this i told my friend i was going to leave and research this out online, you have no idea how good it felt to walk out mid presentation, i bet all eyes were on me you what i missed riding my bike tonight because of this.. Dont waiste your time people it is a MLM scam.. Amway. Auto & Homeowners Insurance 4. I literally have no experience in asset management, financial businesses or management positions. They sold me on it, and even managed to sell me on signing up for their life insurance. Is Primerica A Pyramid Scheme? What You Should Know About Primerica Harrison sounded very legit. Luckily, I was sitting next to her so the moment she said it was from Primaerica I told her it was a scam. And no, few people over 50 or 60 would renew a term policy as the rates skyrocket exponentially ($500-$800/month). When I sat down with the guy, it felt less like an interview and more like a sales pitch like you guys said. No one hands you a silver platter without some work. well I looked up pfs investments I didn`t see the address she had given me .then I looked up names I didn`t see her name under agents or anything . Why? This, by the way, was part of her voice message. FINRA reports that this firm has 21 total disclosures on its record, including 17 regulatory events and 2 arbitration awards. He called me again and I ignored the call. Said that I was really great with people. In this instance, it turns out that I did apply for a job with Primerica back in December (they had a job listing on my grad school career website). I texted my friend and asked him what was $99 needed for, and he replied it was for my background check and two tests I would need to take before I got my license. Damn I wish I would have read this earlier. So I bit and went to the interview. Glad I dug in deeper. those guys are motherfu***** i went to the interview and i interviewed with a guy but he was so suspicious though, when he asked me for a 99$ but it should be on a bank account not cash( so they can steal my infos) but when i told him i dont have any money on me now he seemed Confounded and annoyed and there was three girls sitting on the other table they kinda laughed when i said i dont have the money, and so he immediately ended the convo and said i can come back tomorrow and give him the money and i said okay great cuz i actually believed him he was so convenience but and thank god i didnt have money on me cuz if i had i would give all my infos but thank god i didnt give him anything and so he ended the convo right away cuz in my opinion he knew that i would go back home and look up the company name and i will find this post and so i will never come back and give him anything and thats exactly what happened and thank god ive read this post this author is genius thank you so much screw those guys.