That drives traffic to this page, where potential victims are getting the real story and are able to avoid the company! He just missed the Pyramid Gravy Train by a couple of levels. Im no longer-second guessing my decision to stay far away from this group. Broke people mentality. 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. We sat, and I patiently listened to his presentation of How to be successful at selling insurance basically. Um And these were my thoughts. Multi-level marketing. In addition, how Im going to have to pay $99 for license + $25 utilities (no other job makes me do this?). My current position is a dead-end job and leads nowhere so I was interested in a promising new opportunity. Not going to take offer with the tidbits from this site as well. This Primerica Pyramid Scheme Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. New recruits today have to work much harder than recruits of 10 years ago to be successful and you have to be willing to push right to the limit of your ethical convictions to do it and the lines can get pretty blurred. Recruiters lie to get people to join, because if they told hte truth about the almost guaranteed failure, no one would ever sign up. Then post your experience good or bad. As soon as I seen it was a power point presentation I knew money would be involved. Yes, the office/team gets part of every sale because they play a part in every sale. I dont NEED this job. PYRAMID SCHEME. So glad I decided to do some research before going back. And no-load mutual funds through Vanguard or Fidelity beat the high expense ratios and sales charges of the ones Primerica offers. People who work jobs get paid. The problem is that he had been doing this for so long, he has no other value in the marketplace. Now what?! I can feel itll just be a waist of my time and I would rather work for a company with a good reputation. - The Anti-MLM Coalition. I must add that I made the mistake of giving these people my SSN but it for before I figured out it was a scam. Then why was he so eager to get ahold of my stack of resumes, leads I had paid for?? She also told me she was just leaving church lol. I then told him Im not interested. Tameka Bell, How did they make you feel captive? I called her back to be polite but she didnt answer. Its entrepreneurial in nature and that needs to be discussed and made clear. I seem to have ulterior motives? good looking into this before going to my interview today. I went to the office the next day and talked to the rvp and told him what I knew..his wife was there and was furious. http://www.sequenceinc.com/fraudfiles/2015/03/multi-level-marketing-is-not-a-business-its-a-pyramid-scheme/. I noticed $99 needs to be paid. I was shocked. I told her the store and began to walk away until she stopped to ask me if I was currently employed. Currently have a few positions available. They provide financial education and sell products through a network of individual associates. I walk around the corner and watch her drive off, then quickly whip out my phone and Google PRIMERICA. During our brief phone chat, she asked if I knew Primerica and I told her that I hadnt. I decided to see if Id be sucked into doing sales but it wasnt mentionedthough a lot of hinky things were. I gave him my actual SOC. Lesson learned. Hope fully this site Tracy set up will eventually catch the eye of the better business or someone who will make this kind of shady business tactics disappear . The lead asked me for $99 upfront, which I did not have. I am considering doing Primerica, but I am first doing my due dilligence. Our two conversations over the phone were all about me my background, who I was, what I was looking to do he barely said anything about what he was offering, just that he was interested in taking me on if I was the right person for a company that was looking to expand. Which is why a I didnt go down that path. Puffing up a business opportunity does not translate into real business skill. MLM is: If you look at the market cap of Primerica, it is very small compared to Metlife, or even my regional bank of PNC. Anger gave way to fear.. what if I interviewed him and messed it up and he stormed out of here angry and calling it a scam? Reading that it is a Citibank subsidiary was a surprise; that products and services are not the best value is in direct contradiction of what was said as I recall. Maybe you dont know that in order for you to have a successful business, you have to work like a dog to build it. If someone approaches you with any opportunity of any sort, and they are not willing to divulge the name of the company, then run as fast as you can! The graph had 1 gent at the top and every subsequent tier had exponentially increasing members making exponentially less money. PFS Investments insights Based on 23 survey responses What people like Supportive environment Clear sense of purpose Time and location flexibility Primerica Financial services Pays really well. Feeling like a big dummy and annoyed with myself for giving the man my personal number, not to mention the fact he knows where I work and may come back and try again. He asked me to go for a job interview somewhere in a Manhattan building. Anyone who lasts with them is a masochist. For the person who did have a comment pro Primerica, I am adding this link: https://www.bbb.org/us/ga/duluth/profile/financial-services/primerica-inc-0443-6985/complaints. At the time though, it didnt sit right with me. Success in MLM is not tied to how hard you work. Primerica Review Summary. So I cancelled, and avoided an unpleasant and wasted evening. They are so desperate for people. You wouldn't want to associate yourself with them, especially when fully aware. If I attend, will I experience a pressure tactic laden recruitment presentation? It wasnt my first time hearing from Primerica. For instance, he said Whats your favorite restaurant? He then scheduled me the day after, which after these comments I intend at missing again. New faces=new prospects=new recruits=new sales. I immediately searched the company and came across this page. Second is you would stay for a career information session at my office with all of the successful interviewees and then I give more information. Good thing they never call me again. I realized, if success at PFS meant doing this forever, I might not make it. She told us that her and her husband are preachers, therefore we should trust them. Thank you guys. On a non related note, why are the people supporting primerica, speaking like assholes and calling everyone stupid and lazy for speaking their minds. What would happen if I cancelled the whole thing? Then I asked about the $99 asked of you when you interview and he laughed and said are you on Google? She told me that she was expanding her business, she worked in financial services, and was looking to hire people. Thank you, I had my interview with Primerica roughly two hours ago so ill explain my story while its fresh. He said either way hed be expecting me tomorrow at 3:30pm. I fill out an application. Im currently looking into anything and everything about them to be certain of all of this MLM/pyramid scheme type business and I am definitely getting out if Im right. Thank you for providing this information! Obviously the other side of this coin is that reps/and recruits dont benefit, and dont find enough value to stay. End of recruiting. you need your own clients to start off like family or friends. Presumably because the recruiting pool is getting less and less educated. Thanks for the info. Name, address, social security. I sat and as soon as the presentation started I was NOT happy because it was clearly a come sell this stuff and get rich thing. They explained how everything worked and it all seemed to be on the up-and-up. thanks for the honest comments I well be cancelling my interview tomorrow. Those are games we leave for the devil. When you write a resume, youre looking for a job, not an opportunity. 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. My husband got upset since he was at work and called her back and said no thanks and she said that she could put her husband on the phone to talk to him and try to convince him, my husband heard him out and said no thanks again to which he tells me the man was not happy and cut him off and hung up on him. She said that if, following the interview, she liked what she saw, the business opportunity would be discussed further. The business of real insurance agents is selling insurance. Think Enron, Bernie Madoffs investment scheme, etc. I will not be going and now I dont think Ill give them any more of my time by giving them notification either. My angel on the shoulder came in the form of a call for a contract position at a big investment bank. if you dont have the internet, you hear about my place. It is about the education of it all isnt it? Thats exactly the tactic used by islamic groupds Aiming on young and vulnirable ! John said no.. yet I knew that wasnt true. He gave his spill bout himself first then went on to explain how things work. I attended and felt extremely motivated, but wanted to think about it for a few days. Her daughter has had rough luck a failed cornea transplant has left her half blind. What these agents wont tell you is that another bear market is looming ahead, along with the upcoming changes in Washington. I am unemployed and the guy on the phone made it sound so good and easy to earn some extra cash. However the commission is low and their training program sucks. Pyramid scheme - Wikipedia I graduated from college last month and primerica does prey on with people who are unemployed. At this point, I had a chance to become aware of the atmosphere in this building. But dude. They would contract with these companies to offer customized plans that are not offered if you the customer dont go through Primerica first. I see this company hasnt changed much since my friends husband tried to recruit me 4 years ago. Not going to the interview tomorrow. Allow me to tell you about it. Told me to bring my social insurance number with me, because if I pass the info session they would like to start to work with me right away He went on to explain that the company offers free financial health reports to perspective customers and that all they ask in return from the prospects is they offer up a list of 15 local contacts so they can hopefully recover the expense of this complimentary offer. It all seemed so legit at first and since this was my first interview and Ive been looking for an internship, it seemed perfect. So I was going to take my one and only day off this week and go to an interview only to find out that its a scam of some short. So this got more fishy. He says he has Series 6, 63 & 7 brokers licenses. When I read posts in defense of Primerica they seem like they all read from a script stating the same propaganda (Jonestown immediately comes to mind). She essentially made an appointment for me anyway for Wed at a place in Mission Hills Ca. The crazy part it that this PYRAMIDS are legal. If you want to get ahead in life be an entrepreneur. The following day, the ex-financial advisor disconnected with me on LinkedIn and I have not heard from him since.