Questions and Answers about Primerica

Here's what people have asked and answered about working for and interviewing at Primerica.

View all 113 questions about Primerica

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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Yes it is MLM and it is perfectly legal. Check Herbalife, Amway and others. MLM is legal and Primerica is member of the NYSE

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If you want to make money and truly help families by offering the best options when it comes to income protection and investments, Primerica is hands down the #1 company to join. Licensed agents are compensated with more than money. When providing clients with not only a needed service, but with very valuable knowledge it can make a very positive change in someone's life. Primerica uses strategic methods to reach more families in need of a guiding light through financial help and protection. The more people an agent can get out on the field, more people get educated and protected. The company encourages but does not make it a requirement to recruit. Primerica does impose that any and all business conducted shall always be taken seriously and 100% in favor of the clients needs. Never have I seen any company work in such a selfless way. When a client is properly educated by an agent and the client sees the true and unique value Primerica offers, recruiting, selling, and word of mouth refferals come very easy. It can be a challenge at times but is very rewarding when a family gets the needed help.

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It is MLM, with direct selling. You are paid based on your level and the team members recruited. Plus you are licensed with your state in order to do business. You can become an owner of your own company.

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MLM and there's nothing wrong with that.

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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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