[G4nismo]

i just got a new roommate and we went through the whole introduction thing and what not. i told him i'm a senior at usc and also looking for a job and he mentioned this place called primerica financial services. he told me he can setup an interview next week. personally, i never even heard of the place and seems kinda sketchy. theres also like a $99 fee you need to pay for some license or whatever. it seems like a multi-level marketing organization or a pyramid scheme. Anyone have any experience or heard stories about this place?

[7erendipitii]

My friend took me to one of their demos once and I wanted to join but I was too young then and my dad wouldn't pay for my license fee even though it was completely refundable once you pas it lol. But my friend went on to take it and he owns his own division and travels to all parts of the states and Canada. He's even opened up his own restaurant and other projects from all the money he makes from Primerica. He said the job's made him so outgoing and sociable and he felt good helping people resolve their debt. I'd say go check out their sessions or ask lot's of questions during the interview *thumbs up*

[koneee]

Seems kinda sketchy too, and I think those who really succeed are the ones who are very social, outgoing, and has a huge network.

.... soooo, you can go to their session to see what it's like, but they're gonna suck you right in. haha

[megaSTEPxo]

I went to one of their demo/presentation a few months ago because an ex-coworker of mine is part of the company. I told her how I'm interested in investing and saving money and before I could explain any further, she introduced me to the demo/presentation.

At first, I wasn't even sure what it was all about but I just went since it was free and I thought it wouldn't hurt to just go and listen to what this is all about. (But I did Google up the address she gave me in advance and that's when I found out it was Primerica, so I just gave it a try). It was alright but their tactic to 'suck me in' didn't work because at that time, I was still a full time student who works part time on weekends, and I wasn't really looking for a career. Moreover, I guess my ex-coworker misunderstood me because I think I'm more interested in knowing how to invest, save and manage my own money rather than starting a career on how to help others invest and save their money.

[G4nismo]

ok with people mentioning demo's/presentation, this is starting to look like the Quixtar/Amway demo i went to in the past.
I thought that was complete BS. So how exactly do you make money at Primerica? do you just sell services, mortgages, etc and make commission off of it or something?

[eyeheartyou]

personally, i never even heard of the place and seems kinda sketchy. theres also like a $99 fee you need to pay for some license or whatever. it seems like a multi-level marketing organization or a pyramid scheme. Anyone have any experience or heard stories about this place?

I had a co-worker that lost money in Primerica. I am not sure exactly what they do but I remember him mentioning once that he lost like $2,000. If they require you to recruit others to make the bulk of your money then it is a pyramid scheme. Just be very careful, I know plenty of people who have lost a lot of money in these types of "employment". According to one of my friends there's even a handbook on how to recruit people... starting with recruiting your family and friends first and they even give you tips on how to start conversations too so if they give you info like that at the presentations then run like hell away.

[G4nismo]

I had a co-worker that lost money in Primerica. I am not sure exactly what they do but I remember him mentioning once that he lost like $2,000. If they require you to recruit others to make the bulk of your money then it is a pyramid scheme. Just be very careful, I know plenty of people who have lost a lot of money in these types of "employment". According to one of my friends there's even a handbook on how to recruit people... starting with recruiting your family and friends first and they even give you tips on how to start conversations too so if they give you info like that at the presentations then run like hell away.

i spent the last hour or 2 to see what i could dig up on Primerica just cause i was bored and curious. Primerica is more like the tetrahedron scheme which is legal, not a pyramid scheme. you don't get paid for recruiting people. It also seems to be based upon commission (not salaried), mostly from warm marketing. you can only go so far w/ warm marketing and when you start running out of resources, you start to rely on cold marketing. so, you basically pay this $99 fee for the test to get your license (only if you pass it), training bla bla bla, to use people and sell them financial stuff and services which they may or may not need.
I'm sorry but Primerica seem too reminiscent of Quixtar/Amway and seems like they set up recruits to fail, much like the illegal MLMs and pyramid schemes out there despite their commitment to satisfaction.

http://www.armydiller.com/financial-scam/index.htm

http://www.ripoffreport.com/reports/0/029/ripoff0029926.htm

i'm just going to lie to my roommate and say i have another interview w/ someone else...

[saieng]

A friend of mine has been in Primerica for almost a year. All he's been doing is losing money. lol Honestly, he was too caught up of the lies they've been telling him that he'll be rich in the next five years.

[G4nismo]

A friend of mine has been in Primerica for almost a year. All he's been doing is losing money. lol Honestly, he was too caught up of the lies they've been telling him that he'll be rich in the next five years.

yeh typical deceiving marketing approach

[Gaijin101]

I was in Primerica for 6 months. Only did it part-time, even though they were pushing me hard to go full-time! The pay is all commission & referrals from clients! I learned alot about the financial market but that's about it. You could say that I broke even & got out just in time.

You just have to watch out for Primerica, especially if you are about to graduate from university. They will talk about all the good positive things but never the bad! They will try to hire about anyone, even people who just graduated from High school! They will try to market themselves as a in the marketing or financial sector or being your own boss!

[NoRefund]

i just got a new roommate and we went through the whole introduction thing and what not. i told him i'm a senior at usc and also looking for a job and he mentioned this place called primerica financial services. he told me he can setup an interview next week. personally, i never even heard of the place and seems kinda sketchy. theres also like a $99 fee you need to pay for some license or whatever. it seems like a multi-level marketing organization or a pyramid scheme. Anyone have any experience or heard stories about this place?

Usually those places that want you to pay out of pocket for fees/licenses/products up front in my opinion should be taken with caution. Most respectable firms nowadays will offer to cover that initial cost or deduct from say, your first few paychecks. This is a large factor to decide no matter how small the fee may seem because it shows their goodwill. A few years back I had many friends caught up in a pyramid scheme called USANA health products or something. Something like this seems to be more similar to a multi-level marketing organization. I would probably stay away from this.. there's always monstertrak

[Temoin la Nuit]

It's a MLM scheme. I'd say scam, but that usually seems to trigger an angry Primerica employee appearing out of the wild.

Let's just say 99% of people don't make enough money in it to make a living.

No real avenue of getting clients, so most people usually end up pulling their friends in, either to sell products or help sell products... and becoming great annoyances.

[HaplessChild]

It's a MLM scheme. I'd say scam, but that usually seems to trigger an angry Primerica employee appearing out of the wild.

Let's just say 99% of people don't make enough money in it to make a living.

No real avenue of getting clients, so most people usually end up pulling their friends in, either to sell products or help sell products... and becoming great annoyances.

Yup. I think I know one person that started out there that actually did well for a while.

[G4nismo]

It's a MLM scheme. I'd say scam, but that usually seems to trigger an angry Primerica employee appearing out of the wild.

Let's just say 99% of people don't make enough money in it to make a living.

No real avenue of getting clients, so most people usually end up pulling their friends in, either to sell products or help sell products... and becoming great annoyances.

yeh, there goes all your friends and your network lol. thanks for the advice

[holly_xiong559]

i just got a new roommate and we went through the whole introduction thing and what not. i told him i'm a senior at usc and also looking for a job and he mentioned this place called primerica financial services. he told me he can setup an interview next week. personally, i never even heard of the place and seems kinda sketchy. theres also like a $99 fee you need to pay for some license or whatever. it seems like a multi-level marketing organization or a pyramid scheme. Anyone have any experience or heard stories about this place?

i think it like a company that sells things that like life insurance and 401k's think its like that.... or i was told.... ^^

[7erendipitii]

Oh wow, I guess my friend was lucky enough to succeed in this pyramid-like company o.o He still works with them and asks me if I want to join his division from time to time.

[orphannies]

My uncle used to work for Primerica Financial Services. He actually started off when it was still called A.L. Williams. He became a Regional VP and sold his business a few years ago and retired. I did attend a few of those meetings and even went to the 3 day school. I never did get the chance to take the test to get my life insurance license due to college.

You can think of Primerica as the marketing/selling arm for the Citigroup (which is its parent company). Not only are the representatives licensed to sell life insurance (Art William's philosophy was "buy term and invest the difference"), but they are also licensed to provide other financial services such as mutual funds, variable annuities, mortgage loans, ect.

Agents are required to go out and find people (whether it be through family, friends and other various networks) who have a need for financial services. You really do have to be outgoing and very sociable to excel in this type of work. As far as recruiting goes, as an agent, the company does push you to recruit and build your own business. It is commission based and the more people you have under you, the more money you will make.

I did learn a lot through the 3 day training and just tagging along with my uncle during his appointments. I learned how money can work for you, but it does take a lot of discipline (which I'm terrible at since I'm a compulsive shopper). What you learn during training you can apply into your own life.