Primerica - Citigroup

TT in Cincinnati, Ohio said: I literally just got back from an interview with Primerica.

What is a pyramid scheme? Let me see if I get this right. Wal-Mart has people of the floor, cashiers, stockers, etc. So that is the bottom right. Then there is probably and lead or supervisor, right? That is the sides and then you have the store manager, the VP, the CEO and the owners (the family that started the company).

So, I just drew a pyramid right? It sounds like Primerica is following the same business concept as every company or major corp out there the only difference is that they are teaching you how to do it yourself and immediatley, you think pyramid scheme. Again, the people on the bottom line the pockets of those on the top such as Wal-Mart however; it seems that Primerica gives everyone the opportunity to get to the top. So, the next time you go on that J.O.B. (journey of bondage) interview, asked them who benefits from them hiring you?

marketing concept is fine but Primerica is far from being an angel company much less Citi.

two examples

Friend of mine did a "smart" loan and then went to sell his home and was hit with a prepay charge.
Most are 12 - 24 months but not a "smart loan" its 3yrs. He found a buyer who would buy his home for the payoff amount but was told they needed the prepay and killed the deal. He ended up having to give the home back in a foreclosure situation since Citi wouldn't move off thier prepay status and no other buyers would meet the extra cash needed to make Citi happy. Between higher %rates and prepay this product doesn't help people.

example 2

Meet a lady who's husband had a Primerica insurance policy for 6months and husband died. Primerica tried to refund her the premium instead of paying the 100,000 claim. Long story short after going to the oklahoma insurance commission and lodging a complaint and Primerica had 20 days to respond they sent her a check on the 20th day next day air. Then cancelled her policy and her kids policies.

PFS isn't a scam but there are better products and companies you can represent as an insurance agent.

**side note**

The PFS office I used to work for was #1 in recruiting, 1500+ people in one yr. but only a handfull make it.

and if you are getting over $25 refferal fee for auto & home and you are not lic'd to sell P&C then Primerica is breaking the law and so are you by taking it. Better be carefull

Wow, thanks for the 411. Sure, we want to represent the best companies and have a great backing; however, not one company is perfect. With these awful testimonies, is this why you are no longer with PFS?

The $MART ($AVE MONEY & REDUCE TAXES) is a superior refinance product. The concept is simple: have more of your payment pay down principal faster in order to pay the debt down faster. This is way better than paying a mortgage on the "50/25" rule (by the time u are 50% into your mortgaqe term, u only own 25% of your home!) Financially savy people don't ask "What is my rate & what is my payment"--(like banks have taught & expect us to ask), they instead ask the right qtns: "How much will it cost me and how soon can it be paid off"

---My parents, both in their late 80's recently redid their Bof A loan with a $MART. When I reviewed their paperwork, it was evident that the mortgage with BofA had been purely commission driven. I can't believe that some loan officer sat across my parents and put them into a 30 yr mortgage at 10.75%!! He/She knew they could not live to see it paid, and frankly didnt care. I did a $MART and for the same amount of monthly payment they have taken a 25 term (left on the original) to, get this, 6 YRS-& 7 MONTHS!!!! They stand to save thousands in interest dollars, but more importantly, they will probably be around to see it paid off! My mother told me, "I wish I could see a bucket of cold water fall over the head of the loan officer that put me that bad loan."

The $MART ($AVE MONEY & REDUCE TAXES) is a superior refinance product. The concept is simple: have more of your payment pay down principal faster in order to pay the debt down faster. This is way better than paying a mortgage on the "50/25" rule (by the time u are 50% into your mortgaqe term, u only own 25% of your home!) Financially savy people don't ask "What is my rate & what is my payment"--(like banks have taught & expect us to ask), they instead ask the right qtns: "How much will it cost me and how soon can it be paid off"

---My parents, both in their late 80's recently redid their Bof A loan with a $MART. When I reviewed their paperwork, it was evident that the mortgage with BofA had been purely commission driven. I can't believe that some loan officer sat across my parents and put them into a 30 yr mortgage at 10.75%!! He/She knew they could not live to see it paid, and frankly didnt care. I did a $MART and for the same amount of monthly payment they have taken a 25 term (left on the original) to, get this, 6 YRS-& 7 MONTHS!!!! They stand to save thousands in interest dollars, but more importantly, they will probably be around to see it paid off! My mother told me, "I wish I could see a bucket of cold water fall over the head of the loan officer that put me that bad loan."

I worked for the IRS for 20 yrs and saw many a bad loan product. Believe me, there is nothing out there than comes close to the $MART--It is a product that was designed with the client in mind.. and with the goal of homeownership--NOT FORECLOSURE!!

PRIMERICA, U ROCK!!

parreg in Laurel, Maryland said: You don't own your own business! If this was the case then Citigroup could not sell it. Take your head out of the sand and wake up.

??? WHAT DO U MEAN??? WHY WOULD CITIGROUP EVEN ATTEMPT TO SELL YOUR BUSINESS?? IT'S YOURS!! ONCE U ARE A REGIONAL VICE PRES, U OWN YOUR OWN OFFICE AND U CAN SELL IT, INHERIT IT TO YOUR KIDS ETC, IT'S SIMILAR TO A REAL ESTATE BROKER WHO DECIDES TO SELL HIS BUS W. AGENTS INCLUDED. I DONT EXPECT U TO UNDERSTAND, CAUSE BUSINESS PRINCIPALS IS NOT EASY FOR EVERYONE. ;)

pancha montes in Whittier, California said: ??? WHAT DO U MEAN??? WHY WOULD CITIGROUP EVEN ATTEMPT TO SELL YOUR BUSINESS?? IT'S YOURS!! ONCE U ARE A REGIONAL VICE PRES, U OWN YOUR OWN OFFICE AND U CAN SELL IT, INHERIT IT TO YOUR KIDS ETC, IT'S SIMILAR TO A REAL ESTATE BROKER WHO DECIDES TO SELL HIS BUS W. AGENTS INCLUDED. I DONT EXPECT U TO UNDERSTAND, CAUSE BUSINESS PRINCIPALS IS NOT EASY FOR EVERYONE. ;)

Really? So if an idependent agent or a Met life agent, you choose, wants to buy your business there is no problem. Primerica and Citigroup would just say OK. After all its your own business. You own it right?

TO THE HIGHEST BIDDER!!

hummmmm noo Primerica is a captured agency you can't sell your agents or office to anyone outside of the organization.

HMMMMMM...AND WHAT IS WRONG WITH THAT?

What's wrong is that pancha montes misrepresented and gave out false information. If you truly owned your own company then you could sell it to ANYONE. Also, Citigroup which is now looking for buyers of that business that belongs to Primerica. A new owner could easily change the rules governing so-called ownership. Can you as a so-called owner negotiate with Citigroup?

LOL some of you have no clue how a captured agent vs non captured works

try and sell any product outside of Primerica and see what happens

Your Primerica office is your office but can't be sold to anyone outside.

My IMO/MGA agency can be sold to anyone I choose too. Of course the buyer would have to be lic'd

JAMS nothing wrong with being captured except having your hands tied.

Hello Brian I was wondering if you could send me more information on what your job entails as a single mother of three I am very insistent about my time with them which most employers these days don't seem to understand or care.I am very independent and self-motivated but always seem to get managed by the complete opposite type of people .i am tired of training my future bosses.Is the oppurtunity you speak of available here in Texas.If so please email the information and total costs to me.Thank you.

Hi Crystal, if you are looking for a great company where you really own your own business and are truely independent you should take a look at United Equity Group. www.uesonline.net Not only do you own your own business, but as you earn you receive ownership in United Equity Group. Contact me if you would like some details. Our home office is in Houston, and I am in McAllen.

parreg in Laurel, Maryland said: What's wrong is that pancha montes misrepresented and gave out false information. If you truly owned your own company then you could sell it to ANYONE. Also, Citigroup which is now looking for buyers of that business that belongs to Primerica. A new owner could easily change the rules governing so-called ownership. Can you as a so-called owner negotiate with Citigroup?

Just to clarify, Citigroup DOES not belong to Primerica. Primerica's parent company is Primerica. If Citigroup sells out, Primerica remains; nothing happens to us. We would just write our business through the resources that the new owner or subsidiary would use. Hope this makes sense. WE, including Primerica are totally independent. My son wants my business and I don't sell it to him, he inherits it but with any business you build it up and make it so profitable that others do want to buy it.

Rico! in Spring Hill, Florida said: I was badly burned by Trek Alliance in 2001. The multi-level pay structure makes sense, but because of bad experiences like mine people are generally negative about anything that resembles a "pyramid". The difference is that primerica is legit. You are require to be licensed by your state before you can earn commissions. You don't have to carry inventory, therefore, you don't have to invest in inventory. If all you have to invest is $200 for training, materials, and license, what do you have to lose?

Don't forget, you get out what you put in so if you invest little, you get little. I signed with Primerica a month ago. I have made zero dollars. I just passed the insurance training course (30 hours required in Florida). I'm currently studying for the State exam which I'll probably take next week. It's not as easy as these extremely intelligent people on this post assume. I still have my full-time job, but I realize that it's going to take some time before I can do Primerica full-time and replace my job - which is my primary goal.

Between the optimistic hype and the negative puke is the answer you seek.

Contact me if you want a realistic opinion based on facts and personal experience.

Rico, now it is only 99.00. You can't beat that and unlike it was years ago, you get reimbursed for your exams which makes this too easy and rewarding. It is almost a FREE education.

CARLA FEARS in Killeen, Texas said: Just to clarify, Citigroup DOES not belong to Primerica. Primerica's parent company is Primerica. If Citigroup sells out, Primerica remains; nothing happens to us. We would just write our business through the resources that the new owner or subsidiary would use. Hope this makes sense. WE, including Primerica are totally independent. My son wants my business and I don't sell it to him, he inherits it but with any business you build it up and make it so profitable that others do want to buy it.

Hi Karla, sorry but you are wrong about something. Citigroup is the parent company of Primerica and they are selling you. You are right about the fact that you will be fine, and you will just sell the products of the new owners. However they can change the rule of ownership, because if you do leave, your clients actually belong to them. So as long as you stay you will be ok. Some will leave, just like when A L Williams sold the company to Citigroup and it became Primerica. Just like when Hubert Humphrey sold WMA to Aegon and it became WFG. Just like when Ron Bloomingkemper sold United Security Alliance to Royal Alliance. Some will stay, some will go. Check your options and do what you feel is right for you. Follow good trainers, it's the key to success in this business. Good Luck!

mark in Phoenix, Arizona said: Most of the replies in here are absurd and seem to be written by people that are not entrepreneurial. If you want an opportunity to own your own business for a minimal investment then Primerica is an awesome company. There is no scam, scheme or duping going on. It's pretty straight forward so quit all the whining and excuses. Primerica has high values and numerous great people working within it. Of course you may get some bad apples like anywhere you go ....it's just the numbers, but the majority of people are honest people looking to make a difference in their lives and willing to work for it. It has superb products and they stand by their products. Any time you hear something negative about the company it is most often by someone who didn't have the guts to get off of their rears and go and make it work. In Primerica you have an equal across the board opportunity to create a successful business of your own or to supplement your existing income.

Mark in Phoenix, Thank you! With Primerica, I can build a business, have time for my children and be DAD too while my husband is deployed 15 months. I am having fun and helping families at the same time. Thanks for speaking up an out; there is truly a lack of knowledge about this business.

Bob Cuellar in McAllen, Texas said: Hi Radman88, it looks like you are a pretty savy registered rep. If you read my earlier poostings you will understand that I think Primerica is a great company, it's just not the best. I think you are doing a great job helping families that would normally not consider investing, and since this is a job forum site, I think you are a great example of how Primerica's system can produce savy reps who do well in our industry. Most of the great financial planners today started with Primerica or A L Williams, and I work

Bob, I have to reverse and call you noble and humbled. You are a true testement as to what a professional really is. Professionals don't bash other companies but like you are knowledgeable about the competition and what they do and don't do. I commend you for the comments you have made and yes, I am sold on the crusade. I sat down with a lady last week who swore she had two $200,000 policies. The deeper we got into the needs analysis, she pulled out her paperwork only to discover that some agent in Germany (she is a retired NCO) soldd her a Variable Universal Life policy. Her paperwork wasn't current and as of 9/2007, her cash value was a little over $400.00. She was so hurt and felt duped. I will return in a few days and get her on the right track with a term policy but she can't believe that she was investing into that type of policy for more than 9 years! Stay focused guys, people need our help as Bob stated, "not our ignorance or our inside-the-box thinking".

Carla

Bob Cuellar in McAllen, Texas said: Hi Karla, sorry but you are wrong about something. Citigroup is the parent company of Primerica and they are selling you. You are right about the fact that you will be fine, and you will just sell the products of the new owners. However they can change the rule of ownership, because if you do leave, your clients actually belong to them. So as long as you stay you will be ok. Some will leave, just like when A L Williams sold the company to Citigroup and it became Primerica. Just like when Hubert Humphrey sold WMA to Aegon and it became WFG. Just like when Ron Bloomingkemper sold United Security Alliance to Royal Alliance. Some will stay, some will go. Check your options and do what you feel is right for you. Follow good trainers, it's the key to success in this business. Good Luck!

Oops Bob, I see my typo. I meant to say that Primerica's parent company is Citigroup. Thanks for bringing that to my attention.

CARLA FEARS in Killeen, Texas said: Oops Bob, I see my typo. I meant to say that Primerica's parent company is Citigroup. Thanks for bringing that to my attention.

Right. Primerica's parent company is Citigroup, which is in the process of selling Primerica. If you are an owner of your "own business" should you not be able to decide who Citigroup sells you to?

parreg in Laurel, Maryland said: Right. Primerica's parent company is Citigroup, which is in the process of selling Primerica. If you are an owner of your "own business" should you not be able to decide who Citigroup sells you to?

Hi Laurel, I understand your confusion. It is difficult to understand, and that is why a lot of people say you really do not own your own business, but you do. Here is how it works, and there are several companies that work similar. The clients that you get involved in protection or wealth building strategies are your clients. However to be a succesful Independent Business Owner (IBO) you need a marketing company with a proven succesful business operating system. Primerica is a marketing company that you use their services for a portion of your earnings. They arrange a selling agreement with certain providers, and due to their collective amount of business, they have companies that will pay better, provide better service and training then if you were by yourself. They receive all commissions, handle all payroll to you via 1099 (IBO), and help with all compliance, licensing, and auditing (keep you out of trouble). You get to use their national recognized name instead of Bob's financial service. The problem is since Primerica receives the pay, and has the business through their own companies, you must stay with them (captive) or sell your business within the circle of IBO's that work with that marketing company. The sale of a marketing company brings changes, some good and some not so good. But after all is said and done, you still own your business within the marketing company. Unless, one of those changes that are not so good is that you can no longer own or sell your business, which is highley unlikely since it is one of the things that made them such a large and powerful company. There are pros and cons with every company, and you can look at the right to sell your business with Primerica as a good thing with limitation

Yes the company will recruit anyone. Anyone who is willing to work hard and put in the time required to learn and get good at the business. And believe it or not with education and time ANYONE in America can become a doctor or lawyer too. This is definately not an east business, but anyone can learn with enough training and time. Any time a person makes a career change they have to learn new things. Also, We don't get paid to recruit, we get paid to help middle class families learn how to become debt free, invest for retirement, and protect their family along the way. Most of us don't have Merril Lynch knockning down our doors to teach us what we should do. I love this company and what we do for families! Thank God someone called me! I have been with the company 7 years. My life is changed forever and I do make a six figure income, by helping families!!! People who recruit on and choose to get good at this business and actually work will have success.

Theron Barry in Kennesaw, Georgia said: Looking for any information on these guys. They have been calling me a lot about some job opportunity. From what I've been reading on Citigroup I should not bother. I just need some daytime work while I finish grad school at night, I will not be making a career out of it. It would only be a two year commitment at the most. Any input would be appreciated.

it is a great business opportunity My suggestion to you is only get your opinion from business owners that understand business and at the same time meet again with the person and ask a lot of questions and you will get to know that it is a phenomenal business Just get the facts no more no less
I hope this helps

If you are looking for some part-time income. If you want to know how money works. If you do not want to be taken advantage of by an insurance agent, a mortgage broker, a supposed financial adviser, then I would learn from them.

If you are looking at something that will make you some extra money, yes it is a good position.

If you are looking for a get rich scheme, I would stay away.

When I was looking at getting my first home, the things I learned at Primerica helped me out greatly. I read every page of the contract and found somethings that were not told to me. I was taught how to look at the paperwork and it save me some hassles. Example was that my mortgage broker was getting paid on the back end from the bank.I had that removed, ans saved me 17,000 dollars. The rate was not the one I was promised, and was only changed when I was going to walk. These are a couple of things that I found out while being taught by them.

CHIP in Los Angeles, California said: After 10 years as an insurance and financial professional, I try very hard not to trash another company. However, Primerica IS a pyramid! Before Primeria, they were AL Williams - yes the company that chanted "Buy Term and Invest the Rest". They are a Multilevel Marketing (MLM) program whereby everybody gets a piece of the pie.

Since you are a competitor why should we trust you? I have read other boards and posting and the thing is the same. It is a pyramid. But Legally Pyramids are illegal, and since this is a regulated field, how can it be a pyramid? Please explain what you mean?

Now if you mean a Pyramid is where the person that hires you make money off your production then every job in America is a Pyramid. I am a manager. When my department exceeds its goals I get paid money for it. It can be for sales, production, or anything. The people who do the work will never see part of my bonus. So This must be a pyramid too.

Or in your business, If you are the owner/broker, and an agent sells a policy do you not get a cut? This is typical in a agent -broker relationship. It is true in the mortgage business, and the real estate business. And it is even in the Allstate Insurance business. I know this because I sell to them and they tell me how it works.

So please do not say that it is a Pyramid when it can not and is not one.

In the life insurance world, as with many careers, we have a code of ethics. One is to do the right thing for the client.

Is that why your Career is known for stealing money from their clients by selling cash value policies to them. The only people who says that cash value is good for savings are those that are selling it. This comes from Wall Street Journal. So please do not say you and your career choice has ethics. IT has been proven many times by credible sources that ethics in the Insurance business is non existent. They are just like the mortgage brokers, and I can only hope the government cleans you guys out next.

Primerica agents have tried unsuccessfully to steal my clients with stories of how bad my company is, and how we never pay claims - scare tactics.

On this statement, During 9/11, most insurance companies were holding of paying to see if they could use a loophole, to not pay. It was the act of war claim. What did Primerica do? They paid all claims in two weeks. Did you know some Insurance companies were still fighting two years later?

Personally, I have delivered two death claims, and never had one problem with delivering the proceeds to the beneficiary.

That is great in how many years? My Agent is less than 3 years old and has paid out 4 death claims. It is funny how you say that since you pay out a death claim their is no problems. When my Dad died it took months and repeatily sending paperwork to get the claim finished. And what about the loss interest in the money. the insurance company kept that. You know how long it took Primerica took to get the money to us, weeks. I am sorry but in my experience an knowledge insurance people are lower than used car salesmen.

If you are looking for some part-time income. If you want to know how money works. If you do not want to be taken advantage of by an insurance agent, a mortgage broker, a supposed financial adviser, then I would learn from them.

If you are looking at something that will make you some extra money, yes it is a good position.

If you are looking for a get rich scheme, I would stay away.

When I was looking at getting my first home, the things I learned at Primerica helped me out greatly. I read every page of the contract and found somethings that were not told to me. I was taught how to look at the paperwork and it save me some hassles. Example was that my mortgage broker was getting paid on the back end from the bank.I had that removed, ans saved me 17,000 dollars. The rate was not the one I was promised, and was only changed when I was going to walk. These are a couple of things that I found out while being taught by them.

Check out the complaints on them from the BBB, and other department of insurance complaints in your state.

This is something I agree. But also look at the internet and see what the companies that the other guys are pushing.

Any chance I get to replace a term insurance policy from Primerica; I do so and save the client on average 10%-20%.

Again you can always find something cheaper. But is it equal? I doubt it. But to place it in easy terms, If you buy a house in Beverly Hills it will cost you more than in Podunk Georgia.(No offense intended.) And if you find a cheaper term, what you give up is quality, service or ability to collect. Did you know since 1977 the total amount of insurance companies have gone down in half. that means the ones selling cheaper products are out of business.
---------

Their mantra of “buy term invest the rest� is great, but most people are sold high priced term policies with useless bells and whistles and rarely invest in a mutual fund. The concept is great but implementation is less than 5%.

Where do you get your information? Most people do not invest is because they are spending 50% or more of their disposable income in debt. What are you doing to help that? Do you give them a free plan to get out of debt? I doubt it. But then again you will sell them a cash value program that will never be there at the end. They implode regularly.

But then again you are the competition, what do you expect? You saying it the best thign since sliced bread?

Doing the right thing for the client is selling them a life insurance policy that they will afford and keep long term.

Since most policies outside Primerica stay enforced for less than 7 years, and Primerica stay until the completion which is better? It can't be over priced.---

Investing in mutual funds is great, but if the client is struggling to pay their basic bills, then why are they advised to invest. This is the crap Primerica pulls.

And Debt is the reason. And Primerica help people get out of debt, something an Insurance salesperson can't do. They do it with debt stacking, personal loans and home loans. What do you offer. Cheaper term that may be there is the company does not fold. One of the big insures are have trouble, AIG, another quarter of loss. 50% of the companies since the 1970's are gone.
-----

I want to believe most people have a conscious as well can see through their deceptive recruiting practices.

Again what practices? The only deceptive practices I have seen is the fact of people saying that they give cheaper term that is equal, when it is not. Selling Cash value as a saving plan when they should know that they implode regularly. And saying that Return of premium is a great saving device. Use of Insurance as a savings device is not proper and is not good.

Good luck to those who chose this path, I hope you sleep well at night.

I am curious how you could post this and still sleep. It is full of mis-statements and lies. I am not sure if you know but some of us have seen the tactics used by Salespeople. Look at the BBB, and the Insurance Department. Primerica has never had any problems, matter of fact in any time they have had a hearing brought up by some rival company, they get laughed out the room. Just read "The COACH" to see what I am talking about.

TOM

Debt stacking isn't a Primerica invented term and is FREE for everyone. Iam glad Primerica tries to teach it.

Personal loans and home loans --- when does offering higher interest rates + 3yr prepay penalities help a client???

On paper an FNA looks great and you might look at the MMA get out of debt software for your clients too.

Atleast with a MMA solution if an emergency comes along they have some cushion to lessen the blow.

ROP gives the client

1. FREE insurance at the end of the term
2. a 6.91% return on the investment part of the ROP (varies depending on company)
3. Gives the client money at the end of the term to re-invest, or convert if uninsurable

What can an insurance agent offer for retirement???

fixed annunities that are tied to market indexes for nice gains
No upfront fees for the clients
No yearly maint fees
5% bonus on principle day 1
30 yr history of 10.65% ROR (basket index)
NO LOSS of principle from day 1

If I invested a client's 100,000 last Aug. the priciple balance would be 100,000 or higher
mutual funds can't say that.

most are a 5%-6% upfront fee and then maint fees.

so 100,000 starts at 95,000 and most funds are down 10-20% doesn't sound like a rollercoaster I would want my retirement money or retirement savings in.

Some of us insurance people sleep very well at night ,, atleast the ones doing the right stuff.

Randy in OKC in Edmond, Oklahoma said: marketing concept is fine but Primerica is far from being an angel company much less Citi.

two examples

Friend of mine did a "smart" loan and then went to sell his home and was hit with a prepay charge.
Most are 12 - 24 months but not a "smart loan" its 3yrs. He found a buyer who would buy his home for the payoff amount but was told they needed the prepay and killed the deal. He ended up having to give the home back in a foreclosure situation since Citi wouldn't move off thier prepay status and no other buyers would meet the extra cash needed to make Citi happy. Between higher %rates and prepay this product doesn't help people.

example 2

Meet a lady who's husband had a Primerica insurance policy for 6months and husband died. Primerica tried to refund her the premium instead of paying the 100,000 claim. Long story short after going to the oklahoma insurance commission and lodging a complaint and Primerica had 20 days to respond they sent her a check on the 20th day next day air. Then cancelled her policy and her kids policies.

PFS isn't a scam but there are better products and companies you can represent as an insurance agent.

**side note**

The PFS office I used to work for was #1 in recruiting, 1500+ people in one yr. but only a handfull make it.

and if you are getting over $25 refferal fee for auto & home and you are not lic'd to sell P&C then Primerica is breaking the law and so are you by taking it. Better be carefull

Oh Randy, nonsense. You don't comprehend anything we do. The SMART Loan wasn't for short term solutions. The plan is to pay off the loan and debts over a substantial period of time like 15 years. If a person is going to be moving soon, don't sell it. And, if you understood the program, you wouldn't be worry about the interest rate. Unreal. And, for the life insurance story, nice try. I've paid many claims out for Primerica and I've never had that happened.

Hey...I was wondering how you got your money back from Primerica. I thought once it was in...it was in and you couldn't get it back.

I have only been going to the meetings for 4 days now but have decided against joining right now. But have already paid $125 for the training yesterday....

Am I able to get my money back?

Please let me know.

please help me if anyone knows anything!!

By contract it is non re-fundable. There are reasons for that, setting someone up in the system and background checks have a cost to them. The rule of thumb is no exceptions, and the nonrefundable fee is full disclosed. However there is nothing lost by asking. The other way is stop payment on check or credit card. If you go along with the independent business program, even if you never do any business, or get licensed, you will save more then that on your taxes just by talking to people about their programs. Ask your tax preparer about the advantages of owning your own business, and how $125 is nothing compared to the opportunities.

Yes you can get you some of your money back if you have not gone to class yet. If you went to class then no refund. All you have to do is send a letter to the home office saying that you decided that it was not for you and that you did not go to class yet. You will get all but $30 of the 99 back. As far as the $25 if you have not been issued a solution number yet you will not be billed the $25. If you want more info let me know with your email and I will get you the info.

United Equity Group continues it's expansion and is going to be in Tampa Friday Sept. 19th at 6:30PM at the Hilton Garden Inn Tampa Northwest/Oldsmar in Oldsmar FL. We are looking for good reps to expand our company. Many of our best people came from Primerica.

Wow! $250 on a $1000 sale. That's robbery! I'm making as high as 110% on my sales. Don't walk away from this opportunity. Run!!! deriktutt@yahoo.com Selling insurance 100% from home and over the phone. Less driving, more selling, higher commissions.

Once a company is associated with MLM (Multi level Marketing) don't join it's just that simple. MLM's "legally arent pyramid schemes but they certainly resemble pyramid schemes. In Primerica you can only get a promotion if you recruit people into your business so right there you have two jobs instead of one. Life Insurance agents have a hard enough time finding clients Primerica not only wants you to find clients but find people to work for you. Another thing imagine having someone over you for your entire life. because the person who recruits you will be making money off you forever.

Back in the day Primerica used to have the lowest prices for term life insurance but thats no longer the case reason being everyones gotta get paid meaning the insurance agent that sold the life insurance and his or hers entire upline which i think is like 5 levels. The only words that keep primerica alive is the idea that you "could be rich" if you join Primerica. What that does is plays into peoples personal greed. Ofcourse the good people of Primerica have to throw in a "cause" like oh your helping families get out of debt. but come on every financial service company gives that message.

Primerica in reality is CitiBanks bottom feeders Primerica's only lender is Citibank LoL I mean come on are you serious. Joining Primerica makes A person is a supposed independent agent but that person only has one lender. Brokers/Agents are supposed to have access to a wide variety of lenders if you only have access to one lender i'm only going to hear one side of the story that sounds ignorant to me honestly the whole idea of Primerica sounds ignorant. Another thing when you recruit people to your primerica business you are responsible for those peoples success do you know how hard thats going to be motivating people and at the same time getting business for yourself where's the freedom in that, that sounds more stressful to me. Most agents or brokers only have to worry about themselves they

get promotions based on performance not based on how many people they recruit. Primerica is laughable.

It's the type of business that uses people for leads by promising false riches. Almost all the stories i hear about with people that got rich from Primerica took at least 10 years and usually took 20 years to get rich. If it takes that long why would i waste my time with primerica 20 years means that if you start when your 20 years old you'll be rich by your 40 and thats not guaranteed. They promote freedom but your not Free everywhere you go someones a potential recruit when someone sees you they'll be like hey look it's that "primerica guy/gal " LoL hilarious joining Primerica also means you most likely will have only Primerica friends. Cult Watch. I don't want to hang out with someone trying to recruit everyone he see's which brings me to another point.

Primerica will do an IBA for almost anyone. There's nothing wrong with that but it makes your job sound Cheap. For $199 anyone can join no educational requirements matter a fact the dummer you are the better. Primerica specialises in brainwashing. Primericans will tell you that every job is a pyramid scheme yea sure at my job I do not walk around recruiting people so that i can get a promotion. MLM's in my opinion will always be suspect I would never trust a person who is a member of an MLM they want you under them. Once your under them any business you do they get paid for it. It's Humans Lazy Nature to sit back and get paid while others do all the leg work. What MLMs do is make it so that any dumb fool can bank from this method. imagine me working for a Brainwashed fool I think Not!.

To be fair not everyone thinks like me some people like getting f***** and working extra hard for a false cause. Really think about FNA for a second who do you think is going to benefit from the FNA Oh sir/madam i see you have some extra money why dont you turn it over to me i'll know just what to do with it. Funny Primeri

Funny Primerica stat taken from their website "More than 25,000 licensed mutual fund representatives — the largest sales force in North America" yet they don't have the largest Mutual Fund Portfolio LoL

either the people their licensing don't know how to sell or their mutual fund products suck or even i'll be nice and say they're mutual funds are to expensive to manage kinda like their term life insurance, hmmm I thought Primerica wanted to help families save money!.

Primerica Debt Crusaders Ha I think not all it is, is a business idea brought to you by The Billionaire Art Williams, who knows a fool is born everyday. In case you didnt know Art Williams fought hard against Permenent Life Insurance products which alot of people still need anyway. Primerica can only help insure people until their 65 because they don't do permement Life Insurance "let the old people suffer we have a crusade to do". My recommendation only buy Primerica products if you plan on joining their "Crusade" everything they do is "one size fits all" and is geared around the idea that when your rich you won't need us(primerica) anymore, unless your certain your going to be rich through Primerica I don't see any reason for any of their products to be honest. Everything they offer is offered somewhere else possibly cheaper and with more options. Especially term insurance my personal belief a company that doesnt offer permenent life insurance at all is company to stay away from. If Permenent insurance was so bad it would be banned Primericas outlook on insurance is ignorant and is a ploy to get people to join one of the worst financial service companies ever built.

Being that primerica is an MLM the more it grows the more expensive it's products will get theres too many heads to feed. Also at anytime if any big Insurance company feels threatened by Primerica they'll simply make an ad exploiting MLM's. Primerica doesnt advertise and is very vulnerable to attack a simple T.V, radio , or billboard could set primerica back for years. Now if you have a huge downline (lol) your entire business will be finished can you say "Charge Backs" ( a charge back is what happens when somebody cancels something you sold them. example term life insurance) Now reading around the internet Primerica doesnt have alot of friends our society frowns on Pyramid scams although MLM's arent legally pyramid schemes they look and sound like pyramid schemes.

Ok well in Closing I am just

Ok well in Closing I am just one person but from my perspective Primerica is the wrong choice on so many different levels If a company needs to motivate you every sunday to do their bidding then their products really arent that good to begin with. Also from my heart to yours never join a program just because they're telling you your going to be rich or make alot of money do things that you truly want to do. Being rich is a choice and you don't need primerica to be rich. How many rich people do you hear screaming Primericamade me rich not many. MLM's are built to appeal to the lazy, they won't say it's a get rich quick scheme but they'll make it sound like it is. Peeeeeace!!!

Very well written. I really enjoyed reading your view of the company. I feel the same way. I feel bad that many have a bad view on the insurance industry because they were introduced via Primerica. There are some people having success. More power to them. Good luck. Their success relies on how their new people are doing. I personally don't want my family's well being dependent upon strangers that I recruit into a company like Primerica. It's so hard trying to get others motivated. Again, very well written. Thanks.

Are you looking for...

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* FREE Child Rider
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* Grandchild/Great Grandchild Rider
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* Simplified Critical Illness (Ages 18-79)
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I too was recently recruited by Primerica for an interview under false pretenses. I was told by the caller that he had met me at my office last week. I've never met anyone from Primerica, and I don't plan to. I'm calling to cancel my tentative appt. for next week. I don't want to be part of a pyramid scheme or to work for a financially troubled company.

Randy in OKC in Edmond, Oklahoma said: LOL some of you have no clue how a captured agent vs non captured works

try and sell any product outside of Primerica and see what happens

Your Primerica office is your office but can't be sold to anyone outside.

My IMO/MGA agency can be sold to anyone I choose too. Of course the buyer would have to be lic'd

JAMS nothing wrong with being captured except having your hands tied.

I am currently exploring a career change to Primerica and would like to learn more, actually all, about a captured business. Research References Please!

TT in Cincinnati, Ohio said: In response to your post, I couldn't decide whether I wanted to reply to your hypocrisy, your ignorance, or your general bad attitude towards others, so I decided I would be nice and ask for an explanation of your belief.

Instead of attacking others for feeling a certain way, why not explain how Primerica is not a pyramid? From what I can infer, you are/were an employee of Primerica and you believe in their system. So please, I challenge you to educated us in Primerica's great employment oppurtunity.

In my experience, any company that focuses on recruiting others instead of selling products can be equated to a pyramid. Now I agree that it is not a scam entirely because the company has products and sells them, which makes it legal. But from what I can see, most employees are recruiting others who will recruit others and so on down the line. Now 3/8ths of those people who are recruited will become salesmen and the rest of them will become recruiters, making the head recruiter a lot of money. AKA pyramid fashion.

See you at the top? No way, you'll never make it there. Someone will always be above you.

I wholly agree with the above anaolgy with the exception of the negative attitude towards recruiters. What is so periously dysfunctional about being a recruiter in a formatted hierarchy?

Challenger said: Take The Pyramid Challenge

Name as many businesses, companies, governmental agencies, non-profit orgainizations, factories, retail outlets, educational instatutions, etc. that do not have an orgainizational chart based on a perimid. You have thirty minutes to complete this question.

PERIMID? Obviously Primerica has no grammer requirements.