I was approached with the opportunity to work with a company called Primerica. Does anyone have any knowledge of this company? Advice? I am unsure. Thanks in advance!
2007-07-12 14:17:22 · 4 answers · asked by Jebnifer 3 in Business & Finance ➔ Corporations
Don't do it. They are like Amway for loans. Look them up on the net...there are a ton of things about them out there.
2007-07-12 14:24:45 · answer #1 · answered by Macho Duck 5 · 0⤊ 3⤋
lasingparuparo, are you a financial advisor, like you indicated on the other thread I just read, or are you a 10 month Primerican? Like many other multi-level companies, Primeirca needs a product to validate its existence. In this case, the company takes anyone with a heartbeat in under their wings to offer financial services. You'll be asked for a list of your friends and family, so you can go on "training" appointments. Anything the unknowing client buys gets you nothing, because you won't be licensed. By the time you're licensed, your warm market has been tapped. and your job will be to find the next sucker in line to recruit. The basic fundamental is that you are a professional recruiter. Most of your meetings will be training you on developing your "business" (which ironically you never own anything) by recruiting. Maybe 10% of your training will be on actual product knowledge. Therefore, you must understand that most Primericans know NOTHING other than what was taught to them by their upline. Their upline learned from their upline. Inevitably, you have a string of people that really know nothing about what they're selling. In closing, Primerica's theories are great. You could help some people financially while making a few bucks. MOST people never even make their investment back. The same people can be helped elsewhere, where you can get salaried positions to do the same thing with much better products, less expensive products. The only catch...you'll need some sort of reason to be hired. In other words, if you'd be any good at Primerica, you could be hired somewhere else and actually make money. To anyone that is a full-timer in the financial services business, Primerica is a joke. The only thing more lackluster than the people peddling the products are the products themselves. Keep in mind, ANYONE can get hired there. That should tell you something. .
2016-05-21 01:57:27 · answer #2 · answered by ? 3 · 0⤊ 0⤋
You must of passed the only requirement to work with Primerica.....you are breathing.
Seriously, they try to recruit everyone.
Primerica is sometimes called the Amway of Financial Services as you are asked to try and recruit everyone you know also.
You would not be an employee. You would be a contractor. So, no benefits, and you only get paid if you sell or recruit others to sell under you. Also, the products that the sell (life insurance, mutual funds, mortgages), are very expensive relative to other company's offerings. They have to be as they have to pay so many levels of commission on each sale.
Many people try Primerica. Very very few succeed.
2007-07-13 02:51:37 · answer #3 · answered by Wayne Z 7 · 3⤊ 3⤋
They are a financial service company that helps middle income families get out of debt and save money for the future. If you take a look at the population, majority of people have debt and have very little savings. Primerica goes in and provide solutions to solve these issues.
If you are unsure about Primerica, check out their website at www.primerica.com
Check out this blog as well:
2007-07-12 16:02:59 · answer #4 · answered by Anonymous · 2⤊ 2⤋