Like, if someone asked a question that would be fairly customary in the real world, he really would let off on them with something snippy like well, I dont know what youre worth yet. It is a pyramid scheme. I feel more insulted then anything right now because I think the two I met were only there to seek for people. * Finally, does it have to have an hourly salary to be job? What a crappy thing to give your life to. When he came back in the office, he explained that there just happened to be a presentation that night that hed like for me to come to. Its a good thing Im not stupid and always look up companies before I contact them. Is that where you have a head honcho at the top and workers at the bottom, like, I dont know, Walmart? Fraudsters frequently use social media, Internet advertising, company websites, group presentations, conference calls . It occurs to me that if a person would want to try this kind of sales, then it would be just as easy to sign up with a major insurer such as Woodmen or Northwestern Mutual, NY Life, etc. Suck my ass. They WILL continue to call you even after you have said no. She is candid, very kind, open. Rome wasnt built in a day. (im able to buy back my active years for mil tec job, so when im 47 i will have 2 pensions. Im looking for a job, and someone who lives near me tried to recruit me to this. If this issue was costing them money, they would change it. He asked me for my number so that he may call me later, I provided it, and then after he decided to instead just ask me to come see him tomorrow. I dropped out because most people shop for bargains rather than invest in the business. I was an Amway distributer years ago. Do your research people dont fall for pyramid scams. Tameka All insurance agencies are NOT pyramids. Primerica offers web-based learning materials and a practice exam. I said Ill give you 10 mints & w/big smile he say thank you & went back to the rm. Its funny how my perspective has changed. Can I get your number, and maybe we can chat? I say sure, never expecting to hear from her again, and leave her my number. Act really dumb and make them explain things 3 or 4 times. Ill be moving in a few weeks anyway and as I mentioned, I already have work. The most obvious illustration of this was the outline he drew for me of their organization, a literal pyramid your work will be trying to enlist enough people that you can stop harassing your friends and family, and start luring in random people at department stores to hock insurance for you. I think the biggest tell tale sign that you are getting involved with an ethically questionable company if you have to ask who they work for or grill them on their business model. I sign some kind of agreement that she mysteriously summarizes for me instead of letting me read. He gave me the address and time for the meeting andthats it. Ponzi schemes simply require a cash investment to earn returns. When I walked in Spanish music was playing and the office was empty even in the so called Vice Presidents office its was empty and had fake plaques and stuff every where. The evening eventually came to an end, and I watched John as he scored 2 new recruits. Duluth, GA 30099-4000 Visit Website Email this Business (770) 381-1000 Primary hours 9:00 AM - 5:00 PM BBB Rating & Accreditation A+ Accredited Since: 1/1/1980 Years in Business: 46 Customer. He invited me to go to an event of some kind, and I agreed. Calling me rude, and saying other unprofessional things like LOL. Said I might be a good fit for PFS ambitious expansion plans in the Charlotte area. The whole thing seemed a little off to me. I studied and passed and was prepared for take the NASD Series 6 exam. Pyramid scheme organizers may pitch the scheme as a business opportunity such as a multi-level marketing (MLM) program. Customer Reviews are not used in the calculation of BBB Rating. Website: Visit Website Phone: (800) 544-5445 The whole you QUALIFIED to spend time with me thing seems ridiculous to some on the outside, I know. If it sounds too good to be true, it probably is. very dumb. In a legitimate insurance agency, there is a general agent with agents under him or her. I get NOTHING from writing about multi-level marketing scams. I do believe my guy calls with an unknown number. The first presenter is very good. Anyways, being a young, naive college student I listened to him and eagerly tried out the company thinking I could use them to get my Series 6 and Securities licenses and quit. No, regular companies that are set up with levels of management (such as Walmart) are NOT pyramid schemes. Then he explained this 3 by 3 thing where i refer three of my friends or family for this training and i get around $500 for it. Canada recently upgraded their insurance industry testing and training standards nation wide. Business opportunities are not for the weak at heart. Well! He signed on right there because he was impressed with their house. They allow an objective summary of the facts. What a shame. When it was over I again thought, ok so now Ill get the interview. I leaned forward and held my breath to try to hear the womans reply through the phone. I am grateful for the posts by so many and I am glad I cancelled. Come to find out the husband was the one who was really pushing me to join the business after I had TOLD them I wasnt interested in anything besides getting my finances together and I would contact them if I wanted to buy insurance or whatever. I do not have time to deal with a scam. I am suppose to have an interview tomorrow as well. From what Ive read, I think I am passing on my interview this week. Her daughter has had rough luck a failed cornea transplant has left her half blind. Theres constant turnover from people like me, so recruiting needs to continue indefinitely. I do wonder if some above posters simply arent aware of either the licensure fees part of several industries and/or of the time and effort required to build a client base in any commissioned sales position? No, the only logical answer is that they somehow benefit from this revolving door. Please dont contact me again. Ta da. Needless to say I found this thread and wont be putting anymore thought or effort into it. The company has been in business since the late 70s and has steadily grown throughout the years. I read many reviews like this before I started and while I was active. As I walked away, I thought it was really weird and random that this woman would just walk up to me in the middle of a Target and offer me a job. Go get a real job and stop preying on innocent people trying to get ahead in life. Generally in my experience, anything that seems too good to be true usually is. I was so mad I couldnt sleep just thinking how deceiving people can be! They focus heavily on helping the middle class with financial products. Apparently these Primerica folk are misusing LinkedIn profiles for their slimy deeds. Never missing a payment! This other guy was pleasant enough, introduced himself and politely shook my hand. When I looked at the girls job title, I googled it and found this site. So once I read that it was an Insurance Company I immediately knew it wasnt for me. Well, I didnt stick around to find out if it would work or not because I stopped going once me and my mother got a bad feeling about the company. PFS Investments Inc. (aka) Primerica Financial Services. He signed me upNOW, after reading all these comments Im regretting doing so. I have a friend who just signed on with this company. At worst it means you have a poor product or poor reputation which is most likely deserved. After dodging her for a few weeks I finally agreed and ate enough of the steam table food to be polite. Ugh. He was very anxious to set me up with an interview (it was supposed to be on Monday) I wont be going! None thats who! I went to the orientation before with Primerica and discovered that it was a MLM. My resume is purely engineering, not sales. Glad I already have a good job! She is a mere pawn unknowingly victimizing her own family and friends. I am a young college student interested in Investment Banking and was told by an ex-financial advisor at a prestigious firm who attempted to act as my mentor to join. Summary: Primerica is a legit company with a long track record. Ive read a ton of comments on other sites as well, and this is just not cool! But you can throw away a full barrel of apples because a few are rotten. Im on vacation. Said that I was really great with people. She was upset and wanted to know who told me those rumors. I have never worked in the financial industry before so I did not know what to expect. Check this out: https://www.reddit.com/r/antiMLM/comments/8ctzhz/almost_answered_a_job_scam_they_yelled_at_me_down/. My daughter was contacted by Primerica and she told them I was looking for a job. I got a random call from a guy name nico saying that I was referred to them and they have a job opening and I could scedual a interview for me and that I should come dressed business causal and come on time because he is a busy man. Probably found out that my family is not exactly poor. I find it odd that a company that hypes fancy cars, unlimited incomes, and financial independence has a sales force where 99% earned less (and way less) than $50k during any single BEST 12 months, BEFORE EXPENSES. Pretty amazing comments from everyone here. Just had an interview todayit stated just as everyone elses with a phone call from a lady stating someone gave me your name and advised me you were looking for work and you have a background in administrative work and customer service she said she wanted me for an office manager position. This fat bitch who wrote this is obviously broke as hell and cant get off her fat ass to do anything. He had his upline with him during the visit and presented me with a PowerPoint presentation. And, how come there stock is listed on the NYSE? Keep them going with promises of big fat contact lists. Thank you all for saving my time and money. Sounded too good to be true about the money and needless to say thank-you to everyone here I will not be going. If you're familiar with MLM schemes like Primerica, Optavia, Evolution Travel, Beachbody & American Income Life they are pretty similar to Transamerica's MLM scheme. * Also, if someone wasnt college material, and all they were qualified for is a $10-15/hr job, but they really loved their family and wanted to do more to provide for them, to where, other than another MLM type jobs, could they go? Continue reading 9 people found this review helpful Helpful Share 5.0 I literally have no experience in asset management, financial businesses or management positions. She went thru a 45 minute pitch for their pyramid scheme. I wasnt expecting this friend would come with another person I do not know and have never met. I walked out. Thanks for this website, now I know its a scam and Im calling off the interview!! Yes, the company offers legitimate products. They didnt give me an estimated end time for the interview, after about an hour (I was following the MLB Draft on the side) I told them that I had to go and they asked me about the opportunity and I reaffirmed that I already have a job and they told me that they will call me in a couple of weeks about it. End of recruiting. http://www.sequenceinc.com/fraudfiles/2015/03/multi-level-marketing-is-not-a-business-its-a-pyramid-scheme/. Long Term Care Insurance 5. He then mentioned that my job was a pyramid, and asked if it would ever be possible to get to the top in my company to which I responded, ABSOLUTELY!!! I am promised that PRIMERICA will essentially turn me into a hedge-fund manager for Charles Schwabb in time. I was bugged to come to those meetings that were a complete waste of my time. The insurance of Primerica is a company that is only said to scam people, using the method of false information, I have been 7 years with this life insurance and I am trying to cancel it because every year they are raising the price a lot, and tried to cancel and they are collecting my savings that I have in this policy, Last year I sent my cancellation letter and they do not want to cancel my insurance, I will have to ask for help from the government of *******. Why dont I just go for this so-called interview, gather the information they want to give me and make my own decision as to if its something I want to do or not (like Charlotte did). This morning I received a message saying he was looking for 7-10 people to fill various roles in his office and wanted me to let him know of candidates. No, Primerica is not a pyramid scheme. Georgia Insurance and Safety Fire Commissioner, 2 Martin Luther King Drive, S.W., 716 West Tower, BBB Tip: How to shop for financial services, Need to file a complaint? I would love to hear a Primerican respond, and dont use the cliche, not everone is right for Primerica, because that realistically just points the finger back at their recruiting department! Do you even know why you exist? Where you could start off making $2,000 a month easy with only 4 clients. So sad. Because if they tell you the truth, you wont come in. End of story. Im grateful for this site and the posts here. MLM is not a job. Pingback: Why Do People Join MLMs? They contact the job seekers with an offer of an interview for an opening. now she has been pursuing me saying she has another office and she needs someone to run it . The rep said she got my resum through Monster and wanted to give me an opportunity. Will not be going to a sales pitch to get me to go do sales pitches to other saps. 2. A former agent at It Works, an MLM selling beauty and weight loss supplements, told her firsthand experience of the flawed structure: "We were negative $1,000 after 18 months. The only way to collect on a life insurance policy is to live to be 100 years old, providing your policy goes out that far. Anyone with money who makes a good living does not discuss that in open form with people at a so called job interview be smarter than the rest of us , cancel , complain and dont let them take advantage of you. So, I got up & left to find out who that company was. I must be remembering wrong I tuned back in just in time to hear him say, well, have you ever heard of Citi? then pause. And they didnt really seem to give a sh&* that I was cancelling. promote propaganda and sob stories of people getting shafted out of their whole life or group life insurance as a scare tactic. So with people like this, I report them to LinkedIn and then block them. We both waited for the process to start the woman came back in and once again introduced herself and briefly gave a biographical history of her beliefs and work with the poor. According to their own reports, only 2.5% of their reps earn more than $36k/yr, tho even that pulls their stated average commissions down from $6k to less than $1k or less. The answer, I am CERTAIN, is NO! Why would this kid go into a financial holdings company, with a leather-bound notebook? I call in two weeks ago to get some assistance in lowering my policy, and I get the run around. My friend lost his job and this what fell into his lap. He introduced me to that person and I presumed we would be going to an office. Remember that Primerica reps have something to gain with whatever they tell you. He told us the incredibly vague story of how he managed to get one individual from $20,000 in credit card debt down to zero and then into a mutual fund with a 9% interest rate. Ironic, since recent grads are the least likely to be able to afford to pay to get into this crap. Ok guys,heres my story: I work two part time retail jobs and am seeking to leave both for one full time position. Do not get suckered in, I was lured in by a friend that saw I was making pretty good money and figured 100 dollars to start isnt too bad for me. One of those analysis of Primerica showed how that it is nothing more than a game where you dont really make any money, and its all about recruiting and selling over priced term life insurance. Like the $1000-$2000 a month for 10-15 hours a week? Similar situation to how I found about this market a couple days after Christmas. I received a call earlier from a rep, or whatever. Obviously the other side of this coin is that reps/and recruits dont benefit, and dont find enough value to stay. I got suspicious after I asked her the company name and her voice sounded muffled everytime she said it. Multiple levels = MLM. None of them could answer my question(s) without talking themselves in a circle. You are followers, not leaders, and Primerica is looking for leaders. Very few people want to do the hard work thats required to succeed. Answer (1 of 24): From my recent exploration of their compensation plan, they are very similar to the traditional broker/dealer -> agent model of insurance, real estate, and mortgage brokers. I am now on the A-TEAM, she says, a daring-do group of financial managers that will change the world. I never found out how I go from asking a guy if he wants a financial health check to getting a 6-figure salary. He kept pushing What do I have to lose?? I walk around the corner and watch her drive off, then quickly whip out my phone and Google PRIMERICA. I then sat through the presentation which also seemed legit because the two presenters just seemed so down to earth and passionate about helping the common man (except the guy who kept bragging about his house and cars). Stupid questions.. Especially because it just didnt seem necessary. THANK YOU so much for posting this.. Should have gone with my gut.