Questions and Answers about Primerica

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Would this be considered a multi-level marketing company or is it more of a regular corporate call center type structure?

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Many comments regarding if it is a Pyramid, MLM or not. Well, it is MLM. Why some Primerica reps deny it? I don't know? It is not illegal to be MLM. Many businesses are MLM and successful. Look at Herbalife or Amway who had been in business for years. Somebody comment that Wall Street and shareholders love the company... Of course they do. The stock has done very well. But your question is from the point of view of you working for Primerica. So the answer is Yes, it is MLM. It is legal. It does require recruiting others. But all companies recruit anyhow, don't they? So if you have great communications skills, willingness to learn and get others on board to work for you, you can do quite well.

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The company is a hybrid brokerage model.. regardless of whether you like it or not the fact remains that wallstreet and shareholders love the company. It is consistently ranked one of the best companies to work with or for. So regardless of whether you become an agent client reviews are incredible. I believe most of the negativity on the web are from people who have no clue what they are talking about and most likely have their bad business replaced. I tho k the research companies of the institutions who own large blocks of shares are much better than your brother in laws research team.

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There are some issues as to weather or not Primerica is MLM or not. According to Wikipedia, it is. You can check yourself. You need to recruit others to be promoted and earn higher commissions. They are also member of the "Direct Selling Association", an organization for MLM's.

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The best comparison is Real Estate. You have Brokers, who have a team of agents. The Broker makes a portion of each property their agents sell, calledd an override, but the agent, who also makes a portion called a commission, does the selling.

In Primerica, once licensed, you start out as a Representative making 25% commission, or $250 on $1,000 of policy (roughly 1 family policy with $84/month premium). If you wish to earn more, you may recruit others to be on your team.
Once you have at least 1 on your team and $1,000 in policy, you are promoted to 35% commission and begin earning overrides, like a broker. For example, if your licensed recruit at at 25% closes a life sale, they earn $250, and you earn the remainder of your commission as an override, which is $100.
That is the lower end of the earning level.

There is nothing shady about being a licensed independent agent in the most highly regulated industry, financial services.

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Isn't government a MLM? Isn't corporations a MLM? One calls it electing the other calls it hiring and Primerica calls it recruiting. For any money producing organization to be successful there is a requirement to have multiple levels of income in a particular market. Whether that market be governing, manufacturing, or financial services.

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Ok, so yes it's levels....but you make money on either with this from my understanding. You can recruit if you want but we are out there to help people have better life in long run or short term right? So if that is what you are doing then you make commission just like any other insurance salesman/woman would right....I'm looking at the recruiting as a perk honestly....I mean they even pay for the license. Sure you have to get out there a lil, but it sells itself.

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If for order to make a living you need to sell AND recruit and earn commissions on your recruits and from their recruits up to 10 levels, it is MLM! As a matter of fact they made it to the top 20 MLM Companies. Here is the article: http://www.networkmarketingcentral.com/top-50-mlm-companies-global-revenue/

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Contrary to all the MLM chatter out there, Primerica is actually classified as a "Direct Sales Franchising" company, NOT MLM. While most information on Wikipedia is accurate, Wikipedia uses sources that do not substantiate the MLM claim. These sources never point to the company making claims that it is MLM.

MLM requires you to recruit AND market through multiple levels. Simply put, you can only make money if you recruit people in an MLM. In Primerica, you get a Life License, Health License, Series 6, 63, 65 and 26 license in Financial Services. You can make $100,000 easily just by being an Investment Adviser Representative without recruiting anyone.

There are "multiple levels" to promote through, but it is not a pure MLM as people know MLM. It is a hybrid direct sales franchising model that mixes traditional business models with other innovative models found in the industry. Read "Coach" by Art Williams and you will better understand how Primerica is structured... or just go to their shareholder site and read the "Company Summary". Also watch CNBC interview with CEO Glen Willams on youtube to hear the CEO himself deflect the MLM question.

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Not really an MLM because you are not paid on recruits and you don't NEED to recruit build your business, but it will help build your business faster based on the modified brokerage system that they have. How you chose to run your business is up to you. If you know anything about how a General Insurance Manager or Real Estate brokerage works you will understand and appreciate the business model. If you decide to recruit and build a team; once eligible you're able to open your own office with your team, and encourage others within your team to open their own office because each office opened is not in competition with each other but instead have a vested interest to see them succeed. Because when each new office branches out from your office team, the company rewards you with shares in the company and yearly bonuses. This company has made more 6 figure income earners than any other companies like it. Whether you see it as an MLM or not. Its still a great company who's main purpose is to help people become properly protected with a product everyone needs and should have, and also to educate your customer on finance and help them get out of debt faster. It's also publicly traded on the NYSE and listed in Forbes as one of the most trustworthy financial companies. Not only do you get to keep your book of business you can sell it or will it to a member of your family if you die or want to retire.

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There are some issues as to weather or not Primerica is MLM or not. According to Wikipedia, it is. You can check yourself. You need to recruit others to be promoted and earn higher commisions

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