Primerica? Is it a good company to get involved with?

Question

A friend told about this lady who was looking for motivated people, so I told her to give her my # cause I was unhappy doing what I am at the time. Any way I canceled on her like 4 times and then my friend said she decided to give it a try and so far she loves it she it taking the test for her license this weekend. I went to the seminar and the facts were pretty interesting and made alot of sense. So I met with the girl and decided to give it a try now I have done alot of research on the net cause I am a little skeptical but excited at the same time. Most of what I have read it people being upset cause they were not given the whole story. The woman I have been working with seems to be very honest and very direct about what is expected, she has never made me feel that it is an EASY way to make $ but a challenge. I am looking for feedback from people who have gotten involved with the company and to know if you really work for it can it work for you? Based out of Joliet, IL.

Answer 1

People who say its a scam are
1) They work for other financial companies OR
2) They don't understand the opportunity as you do because they think its a job instead of a business AND/OR
3) They joined but they couldn't get their license, so they couldn't make any money AND/OR
4) They didn't make money because they didn't get to work AND/OR
5) They quit the next day AND/OR
6) They base their source on people who have no experience with the company versus people who been in the company for a long time. AND/OR
7) They never saw a client.

If you look at the answers above me, they still think Primerica is an insurance company, when it is a financial service company.

I've been in Primerica over 2 years now. At first, I was skeptical about everything and didn't fully understand what am I suppose to do. Everyday I keep thinking to myself, "QUIT QUIT QUIT!" But then I look at the alternative, "If this business really works, it can do wonders for my life."

So I stayed and went to training and got my licenses. The first day I realize that this business work is when I saw my first client. Which was about 3 months after I joined. I wanted to learn all the products before I got to work. Anyway, I was able to help this client lower their life insurance cost, help them get out of debt 9 years sooner, move their investments around to meet their objective and put these investments in tax-deferred accounts, open a 529 plan for their kids, did a Will through Prepaid Legal, and create a game plan to meet their future goals such as going on a vacation, buying a car, saving for retirement, and so on. All these things you can do with one client. I got paid around $3000 for just 4 hours of work as a Senior Rep. But the person who gain the most from my service is the client. I saved them about $2000/year from life insurance and debt payments. From the mortgage, I saved them over $120,000 in total interest.

Of course, not every client is going to be like that. Some don't even life insurance, some don't even own a home, and some don't even have anything saved for retirement. And some refuse to change their life and there's nothing you can do about that.

Until you see your first client, you won't understand how the business works.

Answer 2

Over the last 5 years, the typical average of new recruits quitting is 84%, along with 35% of their licensed reps. Over those same 5 years they have recruited 1.04 million, so the numbers who leave is staggering. Fortunately for Primerica, those new recruits are treated more like clients and sold a policy as well, before leaving. Its not an insurance business, but more of a distribution business.....a revolving door per se.

Answer 3

Primerica is a scam company. If your interested in getting into the financial industry I would recommend a few other companies, like Waddell and Reed, Prudential, or Edward Jones.

Answer 4

SCAM SCAM SCAM SCAM

All they are doing is selling overpriced insurance schemes, most of which can be purchased cheaper from other companies.

Now that you have given them your number, your friends "upline" (supervisor if you like) will be bugging you to buy, and your friend will get nothing. She has to go out and find her own targets.

This is the third time in 4 weeks this questions has been asked.

Answer 5

they are sleazy life insurance company, descendent of A.L. Williams. Stay totally away, just looking for references from you for your friends as potential clients. If you want to see insurance, get into a training program with a reputable company