Primerica?

Question

have you ever heard of this company? what do you think about it??

Answer 1

As stated elsewhere, Primaerica does not have the best financial products available. They tend to have a "one size fits all" approach in dealing with all clients. Last I check, we are all different and face different financial pictures.

If you have been recruited by them to be an agent, I suggest you RUN as fast as you can AWAY.

Visit www.financial-planning dot com and search on Primerica. You will get an earful. There is also a website for people who have complaints against Primerica (www.Primericasucks dot com). Also check out www.ripoffreport dot com.

Talk to one or more financial professionals in your area to find some good advice.

Good Luck

Answer 2

Primerica is a member of Citigroup. They are a financial service company that targets middle income families. A majority of middle income families have debt, own cash value life insurance, and probably don't have much save toward retirement.

Primerica show people how to get out of debt using equity builder, show people the difference between cash value and term insurance, and help people find the right investment vehicle to meet their objective (whatever that may be).

Primerica is not a pyramid scheme since its against the law. People who say it is do not understand what is a pyramid. There are two sides of Primerica: the corporate side and the sales force. A pyramid scheme company will not have both. On the corporate side, you have to qualify to work for a position. Its just like any job. You clock in and get paid a salary.

On the sales force side, they are allow to recruit anybody so that more products can be distributed out there. The sales force don't get compensated for recruiting. But, if the new representative does work and make a sale, not only he/she makes full commission base on his/her sales level, the person who recruited him/her gets paid an override. An override is the difference the recruiter sales level and the recruit sales level. Some are against it because they are afraid of it or they don't understand it. But if you know how business works, every growing organization recruits people. So the sales force makes money in two ways: Personal sale and overrides. Does this fit the definition of a "pyramid scheme"? No because the sales force does not earn commission for recruiting. They earn commission base on their personal production or the efforts of other people. Everyone in the sales force has the same opportunity.

I admit, we're not financial experts. But we do have a team of financial experts from Primerica's corporate side, Citigroup and their sister companies, and Metlife (we have a weird relationship with Metlife) helping the sales force understand the products and help recommend what is right the product that fulfills the client's needs.

Answer 3

Visit www.primericabuster.com to get the down-low on the bad side of Primerica.

Answer 4

I worked with a few agents from there. They were nice, but Primerica's products aren't the best. Not bad, but nothing great.

Answer 5

If you're talking about as far as buying products from them, probably not. They're owned by Citigroup, but do not have a great reputation. When evaluating insurance/financial companies from which to buy products, always look at ratings (www.moodys.com/ www.ambest.com) and ask them for their financial information. Ratings and financial strength do not lie.

If you're talking about working for them: NO, NO, NO. The person who said they are a pyramid scheme was right. They do not give you any leads, and the only people who make money are the managers, who are mostly on salary. A lot of people quit this biz too often and not long after they start because they have to harass their family and friends to buy stuff, and if their family and friends don't buy anything, they make zero dollars. None of the managers will care if you don't make money - they've already gotten their money off of recruiting, and when they're eating Christmas dinner, trust me: they are not thinking about whether you could afford a ham also. Good luck.

Answer 6

Any organization that spends more time telling you how to recruit more people into the organization instead of telling you what actual business they are in....is usually a pretty good indication that the only real way to make money is to recruit and hope the people who you recruited also recruit others.
If more of their sales pitch is on recruiting and how much money you can make on that..then you should realize there are many other entities that you can do better with that don't spend their time self-justifying themselves, when they could be out their selling their financial products.

Answer 7

Primerica is a reverse pyramid marketing scam. Avoid this please. They are not interested in helping you.

Answer 8

Yes and not much. I'd steer clear. A word to the wise.