Like everyone else here, I also got the call and the woman said that I was Highly qualified for some positions she was offering. 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. When i asked for a website he diverted the conversation to something else. But it is however a business opportunityand lets face it other insurance do not function internally much differently. I dont remember exactly what he said to me but I realized Id been lied to and I was so mad that I just walked out. He introduced me to that person and I presumed we would be going to an office. MAIN ADDRESS. I do wonder if some above posters simply arent aware of either the licensure fees part of several industries and/or of the time and effort required to build a client base in any commissioned sales position? When I looked up this company, I saw that they had an aggregate rating of 1.6 stars out of 5 on Consumer Affairs, and I felt simultaneously relieved that I didnt let them get my bank information by putting down the $99, and horrified thinking that I could have been among the many people that this company had roped into their scheme. They asked my husband and I for $99 each to set up (pay to be hired) and wanted $156.32 cash to start our life insurance said our kids would automatically get $135,000 if we even die today, This bleepity bleep bleep!! Baffled, I shook my head. Based in Duluth, Georgia, PFS Investments is regulated by both the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). * If Primerica is a scam, how have they been in business for almost 40 years? Agents make outlandish income claims that consumers can make more than $1,000 weekly in the scheme and earn bonuses of tens of thousands of dollars. They make any failures out to be lazy and incompetent, unfortunately the failure rate is incredibly high. As soon as I saw Primerica I KNEW it was a scam. BBB Business Profiles may not be reproduced for sales or promotional purposes. WHY DIDNT I GOOGLE IT??? I arrived at what was clearly a low-cost rental space, with walls covered in transparent attempts at making their company seem legitimate meaningless trophies, pictures of random people posing in groups, etc. Just WRONG Disgusted!!! EX. The woman who contacted me on Facebook messenger, just asked if I had a financial advisor, and I said yes. Average salary is 6K per year less than McDonalds. Maybe you dont know that in order for you to have a successful business, you have to work like a dog to build it. old-fashioned pyramid scheme and the line between the two is blurry at best. I will not be going Monday. 1. transfer job locations to my home time and end up getting paid a little more + be with all my family + be happier. Why the need for secrecy? Youre just a bunch of lazy, whiny children. Karma. No way to dance around that. Suddenly she whips out a sheet and starts asking me questions and taking notes. i have 2 children and single. after hearing these non descriptive answers at this point Im like yea, ok very high chance I will not be showing up. I tried out Primerica towards the middle of December. NO legitimate for hire position will require the applicant to pay for the privilege to work for the company. I know I have to invest a whopping $99 to start my business, and another $25 a month for news and training. (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. I assume there was a bathroom off the other direction, but I never saw it. I had an interview yesterday with the regional Vice President. Fortunately, my paralysis didnt last long. He texted me his contact info after my ride and I noticed it said Primerica Inc. on it so I googled it to find out just exactly I was getting myself into. It feels horrible all the time to be with them I am sure. Need to find a different location? It's a fucking scam. What a shame. 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. No, a regular job is not like MLM. I ask because my husband is a real estate agent and his broker always gets a piece of the action (along with everyone else in the office) the broker recruited, hired, licensed, and trained my husband my husband works his ass off the broker doesnt how is this not a form of an MLM? Sooooo after reading all the comments, I will NOT be going. Its also sad that what is posted here is TRUE. 4.) 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. MLM is not a company, but a form of generating income. They focus heavily on helping the middle class with financial products. This is a good money maker for Primerica and the finance industry in general- all on the backs of reps. At school when were prepping for interviews, recruiters ALWAYS want a resume. I will say that the highest ranking person I worked with has now been involved with the company for over 30 years. Primerica Debt Management How Can You Make Money With Primerica? It was a group interview. The agent was a very nice Italian-American woman who actually knew something about financial services. My friend lost his job and this what fell into his lap. These places and factories will make organic as possible, vegan as possible, human friendly medication. Gather the information and make up your own minds. 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. He had a misdemeanor when he was younger and it affected him getting the position- so he said. Second is you would stay for a career information session at my office with all of the successful interviewees and then I give more information. I kept asking what my role would be and he kept replying that he didnt know, that he could not tell from my resume what I could do and that he was not offering me a job. 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. So, I got up & left to find out who that company was. If it is such a scam, why is it that people can actually make some extra money once they are trained? So I got a call from the so called vice president of the company, mentioned they were seeking to hire many individuals due to expansion. The location seemed extremely sketchy too. I respect that! We had a small conversation and she claimed she liked my personality and gave me her card. Almost everyone involved in MLM is guaranteed to lose money. It is a scam in which almost everyone loses money. I actually stayed with the company and received my securities license, but could not continue due to the trickery and deceit involved. I think the biggest tell tale sign that you are getting involved with an ethically questionable company if you have to ask who they work for or grill them on their business model. First off anyone can make a PowerPoint and the video was from fricking YouTube. I went to the interview and we just hire anyone. He said they are looking for people to sell financial products and to recruit and train new employees. And thats why I have not fell prey to their scheme of getting people to recruit. Suck my ass. But like I said, we are all set with our banking. He just missed the Pyramid Gravy Train by a couple of levels. She goes to the bathroom and I quickly text my girlfriend to come and rescue me. Within a couple of hours. You are followers, not leaders, and Primerica is looking for leaders. Mr. John A. Addison Jr., Co-Chief Executive Officer. I arrived at the interview and when I walked in the door I heard LOUD hard rock music playing. (The clients DONT save money on services as compared to other companies.). Thanks guys for ur time to let ppl know who primerica is. The next person presents the sales pitch on Primericas services. Then she texted me and asked to meet her this week for coffee. Never missing a payment! Three days ago, a pair of women came into my store to purchase some items. I said i would decide on my method of payment. Told me to bring my social insurance number with me, because if I pass the info session they would like to start to work with me right away She said they were just getting established here. I was very interested in that. The evening eventually came to an end, and I watched John as he scored 2 new recruits. He went in to the building I was about to go into. Criminal background checks required. 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. The activity on this thread keeps the page at the top of Google searches for common phrases related to Primerica. They provide 45 - 55% of the first year premium. I had started in 1984 and it took me until 1990 (six years) to make RVP. B . Again thanks for the information. Not once did they mention anything about a job until an hour into this interview of them talking about prices for my family. Thank you all for clearing my skepticism up, time to block Mr. Jack. Damn I wish I would have read this earlier. She asked me who I had been asked to interview with after I introduced myself. I specially remember the leader telling us nave teens (and adults) we were to sell these cutting tools and in order to get a sell (trick people out their money), we had to do the penny trick. I shook my head, frustrated again, starting to wonder how long it would take til I would really succeed at this. After, of course, buying into the company and getting my license, etc. I just had a very recent run-in with a Primerica recruiter. Very glad I googled this company and found this blog. 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). so annoyed [emailprotected]. But the way I see it, is that why should I care about what other people are saying about this company. Customer Service PFS Investment clients with Legg Mason, Invesco,Fidelity, American Century, Amundi Pioneer, Nuveen and Franklin Templeton funds may check their accounts here. Is that where you have a head honcho at the top and workers at the bottom, like, I dont know, Walmart? He also stated I would be refunded once I completed a certain portion of the tests. Financial investments 6. Just before the session started I looked at the guest book and noticed that John had put his name beside most of the new guests, though 4 were a result of my resumes. Its not a business, its a scam. He didnt even tell me the company name, I found it on his profile when I scoped him when he requested to add me, that he was a regional vice president for Primerica. 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. Primerica is an insurance company. More importantly, I never found out why the middle-schoolers were there! Pyramids are illegal and would NOT be listed on the NYSE. SCAMMMMMMMMMMMMMMMM. The lead asked me for $99 upfront, which I did not have. 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. So me and my friend were at the store when a guy randomly came up to us to talk about his wifes company. Additionally, the MLM structure sucks for the Primerica representatives. When we get in rm 232 some guy said oh welcome here is the pepar to fill out, I was wondering if this is real? 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. They did not respond to my email but hopefully they do not call me further. Other insurance companies do the same thing but Primerica is ruthless. I told her I was wary of making any appointments because I had no information on the company. I said Ill give you 10 mints & w/big smile he say thank you & went back to the rm. Primerica's MO is using people to convert their acquaintances into customers. Thanks everyone for your honesty! Jorge Exactly what is false and untrue in this article? Sitting there listening, my mind went back to the phone call that him and I had, when my interview was booked. I told him I was talking summer courses and I really wasnt looking for work but I actually was (does that make sense?). While finding this site, Ive come to learn there is an office just a few miles away in my hometown. No, Mercedes is not the same thing as multi-level marketing. That is a big reason why this company has so much negative publicity online (even on its Wikipedia page!). The only way to collect on a life insurance policy is to live to be 100 years old, providing your policy goes out that far. I was an Amway distributer years ago. You knowthat phone call that you set up when youre going on a date so that you have an easy escape if you need it?? Im going to trust my grandpa on this one. It is not easy to get started, but I must say my brother-in-law is very well off today and one of the top salesmen in Texas for Woodmen. The second warning sign was she didnt have a business card, but rather took my phone number down on a notepad and advised her business partner would call me. 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 get NOTHING from writing about multi-level marketing scams. Thank you guys. No, I never joined Primerica and walked away. An hour and a half already? These companies actually have them sell their products. (another red flag.) I actually figured out it was Primerica a few minutes later when I actually sat to think about it. My friend convinced me to join, asking to partner up with me since he couldnt get through the door. I am glad that I followed my instincts and didnt end up wasting my time. Yes many consumers arent sophisticated about insurance, which is why it can be easy for a Primerica rep to sell them a crappy product at a higher price. i said Look ill be honest with you, Im a very cynical person. Especially because it just didnt seem necessary. Just thought I would share my very recent experience and thank you to the author of this blog for posting this, otherwise I may have been suckered into an interview but then again, I dont typically work or have any experience in the financial industry and tend to stay far away as it is for positions like this or anything to do with insurance etc. 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 wasted time I dint have wasted my energy got myself siked up for NOTHING! It doesnt state that many on the list never again achieved those sales levels. Same thing as he told me when I asked him why I hadnt been told about the fee to write the state exam: we give recruits information on a need-to-know basis.. too much information would overload your mind and paralyze you from making smart business decisions.. Yes, there can be commission only jobs. I didnt understand how he could deliberately break a rule like that. Its a churn and burn- they will hire ANYONE who can pass a background check. I met with her, and liked what I saw. @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. I do not have time to deal with a scam. 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. The model works by asking new investors to make an upfront payment so that they can be allowed to join the scheme. Just my two cents worth. They guy even scratched his back while slumped into his chair. He texted me the address (unprofessional) and me, being naive agreed. Anyone who lasts with them is a masochist. I asked for a job description. The recruits are required to invest money into the venture, pay membership fees. Toward the end of my time there, hed told me he wanted me to set up Primerica as the retirement investment for employees. So sad. My friend has her insurance with them. This is a scheme. I got an email from Mark that hed like to set up an interview. I noticed $99 needs to be paid. Oh my god i think Im being sold something. Ive very good internet skills. The main product Primerica offers is Term Life Insurance. After reading all of comments, I will not be going. I am so ashame to be same species as John adison and glen williams . It calls back the last received call. 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. Looking them up, I found this thread and Im grateful I told him to take a hike. if i clock out, it doesnt matter, they need help. She wants to meet at a bar in my neighborhood on a Sunday (after church she stresses more than once) to have a chat. Its such bull do do guys. Im not interested at all. I personally am more of a tech guy, dealing with machines and stuff. I like to hear about the successes towhat did you find out about those that succeed at this? For any agent to be paid any comm. As for NFTs, exclusivity and FOMO run the gameeveryone wants in and where there are winners, there are losers. Many years ago, I got a call at work from a Primerica recruiter. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. At least then they can make informed decisions. Just got off the phone with a recruiter from Primarica, and he made it sound like he sought me out for this position. they quickly muttered PFS. 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. No, Primerica does not offer services that justify a higher price. Investment Adviser Firm Visit SEC Site. They are in fact the Primerica guys, lecturing the invited people to pay them $90 to own a business license and the usual multi-level marketing stuff. I suddenly found his bragging really off-putting. Not lying to them about what happened either. Once the new recruits, the professional-looking man and a scared-looking, awkward young guy who looked about 20 and was wearing ripped jeans and left on a bicycle, had left, John was photocopying the paperwork to put in the mailbag for tomorrow.