2006-07-28 13:30:47 · 6 answers · asked by kevin z 1 in Business & Finance ➔ Corporations
It's definetly not a scam. Financial magazines and newspapers had written good things about the company. Such as: Primerica is the only company that sells term insurance 100% of the time and invest the difference. Primerica is the largest marketing company in North America. Primerica is the only company truly helping the middle market without any fees, while other companies ignore them or charge them fees for help.
I guess you been to the opp meeting and heard of the $199 fee. $199 gets you into licensing school, which will help you pass the real state exam. You need a license to get paid. You can try to get your license at other companies for free, but if you fail it once, you are out of the company. At Primerica, if you fail, you can take it again until you pass. While you won't get paid until you get licensed, you are licensed to recruit since you are an independent business owner. You don't have to recruit, but why would you want to work by yourself?
2006-07-28 20:35:30 · answer #1 · answered by Anonymous · 4⤊ 0⤋
My wife and I have been approached by the primerica mafia. I'm curious as to why they claim to be the largest company in the world, while they are a subsidiary of citibank, but not citibank itself. All the the information with the claim of "best" refers not to primerica but to citibank, and most of that information is from 1997-2002. Sorry, but the business world travels pretty quick to be resting on ancient accomplishments of a parent company. Pyramid scheme? Call it what you will, but the recruiting methods are vaguely similar. They also claim not to telemarket, but have "Sunday Telephone Blitzes" in attempts to find clients.
The $199 doesn't bother me much, but the fact that the state license fees are more than that makes me curious as to what exactly I'm buying.
There's also the bit that 2 interviews and 2 more meetings into this we had to ask exactly what we'd be doing for Primerica. Still haven't gotten a straight answer, but "if we come in tomorrow with our questions, they'll be glad to answer them."
I have to admit I'd love to have some of the joy these folks have. I met one guy that has been with the company a week and already talking about how great it is. He hasn't done anything yet, but he's very happy about doing it!!
My wife and I are trying to get out of this as cleanly as possible. If they try to recruit, back away quickly before they surround you.
2006-07-31 00:09:48 · answer #2 · answered by G 2 · 1⤊ 1⤋
A friend from work asked me to go to one of his Primerica meetings. After some research, I decided it seemed a bit shady and didn't go.
2006-07-28 20:35:23 · answer #3 · answered by I-Eat-Paint-Chips 3 · 1⤊ 0⤋
Scam? No. Questionable ethics? Yes. Wouldn't place any business with them. Their agent turnover is HIGH and they barely have their license when they are sitting with you. The joke in the insurance/mortgage/investment fields are they recruit electricians and plumbers who do this part-time. That is not derogatory on those fine professions - its a reflection of poor recruiting techniques and sloppy training.
2006-07-28 23:27:45 · answer #4 · answered by Mom of 8, Grandma of 4 1 · 0⤊ 1⤋
I don't think its a scam as much as it is an MLM. I definitely wouldn't do business with them. I cannot understand why anyone would do business with them when there are so many reputable companies to do your insurance and financial services business with.
Go to: http://www.ripoffreport.com to look them up to find out what former customers and employees are saying about them. Not good.
2006-07-28 20:35:27 · answer #5 · answered by tina m 6 · 1⤊ 0⤋
yes
2006-07-28 20:34:06 · answer #6 · answered by Anry 7 · 1⤊ 1⤋