People who smoke, have a poor . Those products should be purchased at companies other than Primerica. The address to the building was messaged after the call. When you get that defensive and that angry, its like you feel the need to justify yourself so you go into defensive mode. They asked me to come back for information session next week. Eventually he told me that he was not offering me a job, so I was even more puzzled. I was contacted by someone from Freedom Financial Services out of Charlotte, NC. If it sounds too good to be true, it probably is. very dumb. Suddenly a laminated informational booklet comes out for PRIMERICA. He also told em they were looking for leaders and instructed me to call him to schedule a meeting. 1. transfer job locations to my home time and end up getting paid a little more + be with all my family + be happier. Being lied to in order to get the person in for something that isnt even an interview is wrong, and therefore the person is a victim. They have a lot of my information? They pay lots of money to attorneys to help them navigate the laws and create something that looks legal. Simple as that. Some people are so desperate for money that they are blind to this. We walked out to our cars, him telling me about how successful the evening had been. He asked if we knew anyone looking for a job part-time or full-time. How BBB Processes Complaints and Reviews. They use the classic BAIT and SWITCH for everything they do. Based on previous replies on this blog, scripted interviews seemed frequent. One of those analysis of Primerica showed how that it is nothing more than a game where you dont really make any money, and its all about recruiting and selling over priced term life insurance. Finally they called me in the most boring, plain, unprofessional office ever. No way to dance around that. 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. One from a news channel and some other random one. The recruits have to pay $100 for a credit check and training. 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. Since I barely heard her, I asked about 3 more times before clearly hearing PFS, which I noticed she did not once tell me what PFS stood for. Many thanks to this website and all those who have contributed toward it. Its not a business. They both return later that same evening and buy more merchandise. THANK GODNESS I LISTENED TO MY INTUITION!!!!!! It is mostly about convincing them to but term life insurance of which, the first yr. payment is split among his upline. Like the other RVPs were worse off for working with people who didnt have it. So, I got up & left to find out who that company was. 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. The lead asked me for $99 upfront, which I did not have. Why would you not want to help your friends, family, and referrals with this information? Hey Alex, this isnt the first time and wont be the last time a crooked company has rung the NYSE closing bell. Financial Needs Analysis 2. That you have to buy your own business cards even? I figured that was the end of it, but she kept calling for a week after. I have worked with recruiters and hiring managers long enough to know that is poor phone etiquette at best. They use your friends and contacts to start you 'business.' To get more percentage you have to get more people into the company. I am glad that I followed my instincts and didnt end up wasting my time. They WILL continue to call you even after you have said no. Cons. Question: Does anyone feel ripped off in their current situation? All the money being made in the quick amount of time. Over dinner, I told my husband about the phone call and what I had found online about this Primerica and learned that he, as well, had been lured to their office a few years back, when he was looking for a job and after sitting in their presentation, he realized that it was a pyramid scheme and walked out without looking back. Another flyer announces two meetings. The one thing that did get me, however, is on Google Maps, the place did not have a name. Very sad to hear all the ridiculous posts, and misleading info that is pushing people away from the company. During that same time period, 243,167 of their licensed reps also left the opportunity. She told me she would call later that night, but it was about 2 hours after the time she originally said. Obviously the recruiter was being paid on some form of commission so the sooner she got me in the office the better. Thank you for participating. Thanks everyone for your stories. I have been in touch with the funeral director that handled the services for my father off and on. After reading this, I will make sure to block the number so I dont get any calls through. Sorry, I am not signing any employees up for any more pay deductions if theyre not getting the services. Cryptocurrency: The Modern Pyramid Scheme - Berkeley Political Review He made it seem like that was the main focus of the company. I thought that was weird; if youre going around job recruiting at Target, you should probably have a business card. Other Mutual Fund/insurance companies invest in them. Primerica is a multi-level marketing company. I, actually sat through the orientation, and afterwords the deception started. It is a pyramid scheme. I will go but the moment I feel like Im being pitched, Im graciously declining and peacing out. You all have it wrong, you all WANT to see that this is a scam because It looks too good to be true, and it IS, if you have zero work ethic, and refuse to give yourself the opportunity to have a better life by actually applying yourself to something that isnt a 9-5. The location seemed extremely sketchy too. my business. I want to get out of there now. Everyone should ask regulators to look onto all unethical part of lies of this legal but totaly unethical recruiting taliban mashine!!!! He said they need a financial planner. I decided to research the company ahead of time and it lead me here Might i ask the opinion of those whom have dealt with this company: my experience thus far, sans interview sounds eerily similar to some other accounts Ive read here. 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 when I flat out asked for a job description, he said that the company was branching out from neighboring Moncton, and because of this they would require an office manager. 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. After that she was with very little interest to meet again. Then she proceeded to ask if I had a Facebook and dont I have friends on there and I told her I dont want to ambush anyone with this and she said they may thank you, I told her no and she said what about in your phone, you dont have anyone. It is a one time commission, for the duration of that 10-20-30 year policy. I knew something was fishy from the start. I received a call today from a Primerica Representative about a management/ training job. They are a scam! Nice to know people are exposing this company! WHO calls someones parents to schedule a meeting to make them feel more comfortable to work for them. BUT, there was something not quite right about him, too smooth. She handed me a clip board and asked me to fill out the information requested. So excited that I had an interview yesterday!! I asked what does this have anything to do with life insurance, or a job? Shove that $99 fee up your keester. Anselm of Canterbury, this still goes on. Pyramid scheme organizers may pitch the scheme as a business opportunity such as a multi-level marketing (MLM) program. Thanks everyone for your honesty! Wow thanks I have interview Monday but I will canceled. After the presentation, the young man asks me if I have investment services or life insurance. She starts explaining an elaborate scheme to sell insurance, basically, to poor people. And a sidenote when I exchanged info with the wife in target her android phone had an app on it where my full name showed up on her phone. 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 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. I wasent sure what to expect, all she told me was to dress proffesional and that was it. I was told that there are many positions to be filled and I am qualified for a top one. The business of real insurance agents is selling insurance. We need educate general public ! Wow!! Many new agents are brought into insurance sales through Primerica's recruiting effort. She gave very vague answers, told me her secretary referred me and that she worked for a financial firm looking to hire about 20 people to work as trainers. They insisted that you MUST bring a person each informational session, often times calling you out in front of the group. I dont want to be one that consciously rips off or gouges people. I met with him and the regional Vice President yesterday and he took me out to lunch after the meeting. I thought Im supposed to be learning here? Its based on any rep earning $100k DURING ANY BEST 12 MONTH ROLLING WINDOW during their entire careers. does anyone here even know what a actual pyramid scheme is? I was so mad I couldnt sleep just thinking how deceiving people can be! DIV Rep, 60%.wait there is only 50% left over, okay then what does math tell us.you get it yet..they only get 50%, (PYRAMID ENDS). I show up on time but, honestly, a little worse for wear. B . They didnt get my credit card info but they have my social security number and my other info. Its so much worse and you cant get you to six figures even if you work your ass off. I thought its not that bad, I currently have another job working as an assistant to a real estate agency. Ok then why do you work at a retaurant as a sous chef then? Financial investments 6. After reading all of comments, I will not be going. Financial Advisor (Former Employee) - Fort Worth, TX - November 23, 2022 A couple young men were milling about in 3-piece business suits. Awesome reviews everyone! Before they hire you and you begin training (with no pay during this period) they will test your aptitude for this kind of work. I personally am more of a tech guy, dealing with machines and stuff. The final weird thing was if she felt like the discussion went well she would invite me to a formal interview where I could ask questions. I was a little suspicious, and thought it was strange he didnt tell me the name of the company, so I asked him. As an employee you will never make as much as your Manager and your Manager will never make as much as the company owner, right? Just WRONG Disgusted!!! Also, MLM companies are notorious for overcharging and under performing. The interview was about 30-40 minutes long so ill break it down into sections. He signed me upNOW, after reading all these comments Im regretting doing so. There was some meeting in another room which cheering and whoops could be easily overheard. I dont go to unnecessary meetings or bother my warm market because its a legit service. Is Primerica Legit or a Pyramid Scheme? - Impact Marketer Because there is recruiting with so many levels, the distributor who sells the products receives much less money than if he or she sold similar services through a traditional insurance agency or investment company. It has been at least 15 years. 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. So, I googled the companyand here I am. The woman who spoke with me on the phone came to the front and asked for me. If it sounds too good to be true, mostly it is..Thank you again for posting! As far as heightened prices if this is the case how is it that their clients save money on the services? But I again dismissed the thought, feeling a bit guilty for doubting John. 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. Warning any company Rep from anywhere that is vague with answering your questions ? And, how come there stock is listed on the NYSE? Came home and typed the company name into the search bar. *69 doesnt block the outgoing number. Anther warning flag went up. I went to the interview and we just hire anyone. ?, Dont you want to own your own business?. I was at one of their interviews just a couple hours ago. Theres no scheme, no one earns more unless you DO more. I was told by a friend that if we met I would be informed about a great opportunity working from home. She asked if she could put me down for an interview on Tuesday. At first I was questioning that, arent you supposed to use a business card? I will be posting this to all of my social media, explaining what a scam this company really is. @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. A pyramid scheme is a fraudulent and unsustainable investment pitch that relies on promising unrealistic returns from imaginary investments. Personally I have been in the company for 4 months and I have seen what a scam it is. I just went to a meeting last night, everything previously written by past people are true. Please look up elizabeth warren cornering the president !!! And no, few people over 50 or 60 would renew a term policy as the rates skyrocket exponentially ($500-$800/month). I am left feeling overly annoyed. Then he went on to say how my experience and entrepreneurial nature would be a great fit to run one of the offices. I respect that! Report investment scams to the right government agency. As a matter of policy, BBB does not endorse any product, service or business. And we are educated, if we werent, we wouldnt have had researched about primerica. Joke of a company, I hope it goes under. 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! I was going to an interview tomorrow and now I know its just some bologna. It wasnt until i read all the posts on this blog that i truly realized i was being bent over that corner desk of his because so much of it made sense. Fortuna, the goddess of wealth!? I already work full time. If anyone has been approached, RUN!!!! I asked who the person was that referred me and the lady laughed and then said a name, and i did know someone named that but i hadnt talked to him in a year. I suffered through the classes only to never hear about my financial planning budget ever again because my reps had no idea how to put one together. The first level is the office or team level, the second level is the agents who work for the office/team. If you do find yourself mixed up in something like this, please dont let it effect your perception of yourself. And since the beginning things felt off. I told her I will be but next month and gave me a choked faces and asked WHY, told her I dont have the money to pay for it. He seemed so angry, I thought. He finally mentioned he was on the phone with primerica and he was conducting an interview now Very weird so I blocked evrythhng and said no sales. From then he sent us to different people to ask us some questions. Nothing worth having is ever easy to obtain. Anyone who lasts with them is a masochist. Kool-aid anyone? So then i asked him thru Facebook and he said no and now im here and im so glad i am. Question for you, of those that dont do Primerica, what do you do? He gave me the address and phone number and told me to dress up (why wouldnt I, its an interview for crying out loud). The dude ignored me completely. What legit company does that? I was referred by a friend who recently started working there. Comprehensive training, licensing and certification program. Now this guy (who knows if he actually works at Primerica) has my SOC. He specifically mentioned that he was looking for a qualified office manager and that my resume looked like I was very well qualified. It smell like a pyramid scheme and look like ones. Would rather wait for another job. They are liars, they never gave me my money back, they have all my bank info and I feel very unsafe about that. 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.