I have approached before by this company and the thought of paying money to work for them was appealing to me. Just curious as to if you can really make a decent income from this company and if it is worth it and what is included in this position! thanks!!
2007-06-15 09:50:33 · 11 answers · asked by Cynthia C 2 in Business & Finance ➔ Small Business
Primerica offers lots of financial products. To keep things simple, I'm just going to stick with life insurance. When you get licensed in the company, your first starting level will be "Representative." On life insurance, a representative will get 25% commission. An average life premium on our life policies is $1000/year. So a representative will get paid $250.
If you bring 3 people aboard and they join you, you get promoted to Senior Representative. A Senior Rep makes 35% commission on life insurance. If you do the work on your own, you get paid $350. If one of your Reps does a sale, he gets paid $250 and you get paid an override of $100.
If you promote a Senior Rep, you get qualify to for the District Leader promotion. A District Leader gets 50% commission on life insurance. If you do the work on your own you get paid $500. If your Senior Rep does a sale, he gets paid $350 and you get paid $150. If you have a Rep that does a sale, he gets paid $250 and you get paid $250.
If you promote a District Leader, you qualify for Division Leader promotion. A Division Leader gets paid 60% commission.
If you promote a total 3 District Leaders, you qualify for Regional Leader promotion. A Regional Leader gets paid 70% commission.
If you promote 6 District Leaders, and you and your team put in $10,000 in premiums for 2 straight months, you qualify for Regional Vice President. A RVP gets 95% commission and bonuses!
An average RVP in this company makes about $100,000/year. If you were a RVP and you promote a RVP making $100k, your potential override is $70k-$80k/year!
Primerica lets you expand your business. You can recruit as many people as you want. Not everyone is going to join, but you will find people who are serious about building a business. You can recruit and build a team in UK, Canada, Spain, and Puerto Rico if you want. You can build a team in the states surrounding your state. Anywhere you want to build in these countries, you can do it.
The other products such as investments and loans are not factors in getting your promotion. Only life insurance premiums and recruits will get you promoted. But in most of the products we offer, you will get an override. I think the only two products you don't get an override is prepaid legal and auto and homeowner insurance. Our loan business is the one that generates lots of income because lots of families have debt. These loans are designed to help a family get out of debt sooner versus keeping them in debt for the full length of the term.
2007-06-16 09:41:39 · answer #1 · answered by Anonymous · 4⤊ 1⤋
You don't have to pay this company to work for them, you pay for the opportunity to work for yourself using all of the company resources and name...and it's a one-time fee that covers your background check and licensing school This company even reimburses you when you get your licenses! It is not a get-rich quick scheme because you have to put some effort into the business, no work no money, just like it should be. And what is wrong with approaching good people and offering them an opportunity to work for themselves and get paid based on their own efforts. It's the same thing that happens with people who recruit to sell Tupperware or Oils or even Avon. Get the facts on a pyramid business versus a Ponzi scheme before you start throwing out comments as such. I have worked with this company for 15 years, worked hard and have made some good money and have been lazy at times and made no money. I have helped many families and have loyal clients who call me for help all the time. It is what you make of it.
2014-05-01 09:13:03 · answer #2 · answered by myshadow46 1 · 0⤊ 0⤋
Primamerica is not a pyramid thing. All the big companies that you deal with everyday are pyramids, ex walmart. Anyway, I know a lot about Primamerica. I was approached by someone, and actually sat down and went through it. I was already in a home based business. Mine was a lot less to join and one of our services is actually offered through primamerica. the problem I had with them is that they are a financial planning company and I was just not interested, plus getting involved is very expensive. Good luck!!!
2007-06-15 11:28:48 · answer #3 · answered by gatorgirl 5 · 1⤊ 0⤋
Not a good thing. If your trying to make money quick for minimal work, they do not exist. However if your looking to really work to start your business, I can help you. We offer true residual income, cash and car bonuses, income which reflects the way you work (little work little check, more work, more money), a business that is yours and willable to your children or significant other, listed with the BBB, and received many awards for leadership, and ethics. I work from home and have tried plenty of things over the years where I lost money, however now I get a nice check every month. This company has been around 22 years and is going nowhere but forward and on the upside. If your interested here is my website, let me know when you are available and we'll talk. http://www.WorkAtHomeUnited.com/YouCanToo
2007-06-16 03:34:04 · answer #4 · answered by my_kids_n_me 1 · 0⤊ 2⤋
I haven't worked for them, but i spoke with someone that did. He told me about all the money he was making and it sounded great. they money you have to pay covers a background check and the company pays for you to take you state tests. I went to one of their meetings, and the other people in the meeting looked a mess. they didn't seem to be making very much money. The contract also said you can only sell Primerica products. I didnt like it.
2007-06-15 10:18:11 · answer #5 · answered by cashmaker81 6 · 1⤊ 0⤋
Run....do not walk away.
If you are breathing, they "approach" you.
They are often called the Amway of Financial Services.
You get paid nothing unless you sell and/or recruit. Their products are expensive and 99+% of the people you try to recruit will say "No". It's a tough way to make a living.
2007-06-19 10:12:43 · answer #6 · answered by Wayne Z 7 · 1⤊ 2⤋
As a personal experience this place (company) is like a cult... they say all the right things... and try trick you into tricking your family... be careful and i would suggest study their reactions when ever you are not in accordance with their rules
2016-03-13 23:39:07 · answer #7 · answered by Anonymous · 0⤊ 0⤋
It takes 10 seconds for YAnswers web page to load for me to be able to click on [add your answer] button. thus, is my laptop slow?
2016-08-24 05:49:20 · answer #8 · answered by ? 4 · 0⤊ 0⤋
very true, they are always very vague about telling you what kind of work you will be doing. They will call you at your current job and tell you that you helped them before and they liked you but they are just fishing. pyramid program, stay away!
2007-06-15 09:55:31 · answer #9 · answered by clemenza222 3 · 0⤊ 3⤋
Run away from them. They are a pyramid type organization and no you shouldnt have to pay to work for them.
2007-06-15 09:53:10 · answer #10 · answered by hirebookkeeper 6 · 1⤊ 4⤋