2006-10-22 20:01:37 · 6 answers · asked by Anonymous in Business & Finance ➔ Insurance
Most people in the full time financial planning world love and hate primerica at the same time. Our office loves them because there products that they sell are typically inferior. Not because they are trying to sell inferior products, but because they are fighting with one hand tied behind there backs. It is very hard to only represent one kind of life insurance (term) and say that it's right for everyone. It's like the old adage that one size shoe does not fit all.
So in general, they are not out there trying to harm people. They are trying to help! In the end it's better to be working with them then trying to do it on your own or not doing anything at all. It's just that they are limited by there companies products and design.
2006-10-26 11:41:31 · answer #1 · answered by www.precisionwealth.com 1 · 0⤊ 1⤋
RUN! Run away as fast as you can whether you are a customer or a potential employee (recruit).
Primerica offers a one-size-fits-all approach to financial issues for their clients regardless of the client's situation.
They offer overpriced products and try to recruit anyone with a pulse and at least one friend.
In addition to PrimericaBusters.com visit www.Financial-Planning.com and do a search for Primerica. You will get an earful.
2006-10-23 03:26:46 · answer #2 · answered by insuranceguytx 5 · 1⤊ 1⤋
Primerica is a legitimate investment company under the CitiGroup umbrella, but some view their practices as questionable. http://primericabuster.bravepages.com/misrepresent.htm is a site that adequately explains the various allegations against the company. They are far too varied to explain in any depth here.
My advice would be to steer clear of them.
2006-10-23 02:02:25 · answer #3 · answered by HoneySuite 5 · 1⤊ 1⤋
The most common way that people are scammed by Primerica is representatives contact them about a job interview that turns out to not be a job interview. These people are then charged a one time fee and many times a monthly fee. The warm market of these people is sold by the training Primerica representative and the trainee is left to fail.
2014-06-17 07:07:49 · answer #4 · answered by Anonymous · 1⤊ 0⤋
multi layer marketing
typical pyramid scam under the guise of a financial group
only the people at the top make any money.
At least that's what they were in '94
2006-10-22 20:07:10 · answer #5 · answered by hogie0101 4 · 1⤊ 1⤋