The rep said she got my resum through Monster and wanted to give me an opportunity. He stepped out of the office and I could hear him sound like he was talking to either a customer or another interviewee. I would seriously consider investing in the company since, realistically, their pitch is great for the uninitiated and their motivational tactics (weekly motivational conference calls and meetings at fancy/lavish venues) work on those that take what they pitch at face value. She gives me, the son she never had, an enthusiastic hug and promises to call me tomorrow with all of the details. Its a good thing Im not stupid and always look up companies before I contact them. I knew that a job selling insurance wasnt really up my alley, and my intention was to leave the first opportunity I got, but that opportunity came when they asked me to put down $99 for an investment licensing class. She also said if I fit for the position I would need to plan on staying longer to go over more information. So I cancelled, and avoided an unpleasant and wasted evening. Will do anything to hire people. They work as a middle man for various insurance and finance industries and get people to join through advice and supporting main street. The so called reps for Primerica find other reps and potential customers and they get a commission on it. So, there we were. it takes 1 minute to call or text. 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. I am bewildered that a casual lunch chat turned into an application, job interview, explanation of the job (in that order), and finally my being hired. Is that where you have a head honcho at the top and workers at the bottom, like, I dont know, Walmart? I realized, if success at PFS meant doing this forever, I might not make it. I then proceeded to google the companys name and before I could type in the full name I saw Primerica Financial Services scam, immediately clicked and was led to this page. I was irritated. I received a call today for just such an interview in West Chester, Ohio tomorrow. Only one company filed a lawsuit in a failed attempt to prevent these upgrades. They do use a multi-level marketing business model but they are definitely not a pyramid scheme. After reading a lot of these comments I understand why many people feel Primerica is a scam. But it is however a business opportunityand lets face it other insurance do not function internally much differently. I remembered now, although I didnt pay attention then, how defensive he had gotten as he told me he was too wise to throw away money on a car. life insurance pyramid scheme companies. All MLMs eventually reach a saturation point where the bottom tiers are almost literally competing for scraps because the word gets out about the nature of their business model and they become shunned by most prospective recruits. All of this is broken into ordinary conversation somehow. Stupid questions.. same here. She said she wanted to talk to me about something she & her boyfriend, someone I also know, were doing, and wondered if I would be interested in going to a little meeting at her office. Other insurance companies do the same thing but Primerica is ruthless. At school when were prepping for interviews, recruiters ALWAYS want a resume. Thanks for all the information. NOT!! I walk around the corner and watch her drive off, then quickly whip out my phone and Google PRIMERICA. Product Type: Insurance and investment products / MLM business opportunity. This guy has spent 30+ years of his life working for a company that promises VERY SIZABLE returns but delivers very little. ?, Dont you want to own your own business?. He gave me the address and I had the phone number now. I asked, how can I be that guy? (pointing to the top of the pyramid). Today I received a phone call today from a recruiter who found my resume on Careerbuilder. Then a few weeks later, comes our leadership retreat. My guess, these snakes hack FB profiles and are now on the prowl for new gullible recruits, or this guy probably got hooked into the company and is now using his account to get recruits. The whole conversation was geared towards selling me on deceptively common-sense information about what I assume to be much more complex financial decisions I have a friend who works for an insurance company, and given how much time hes spent studying for his degrees the claim that, in a few months and for $99, I could sell my friends and family (and then random strangers after that) on insurance was certainly too good to be true. The guy was a fast talker and everything sounded muffled. Our conversation goes all over the place. I have never worked in the financial industry before so I did not know what to expect. Not lying to them about what happened either. The problem is that he had been doing this for so long, he has no other value in the marketplace. Afterwards I was a little bit unsure Id made the right call I am unemployed, after all, and work is work so I googled Primerica Scam. Im not recruiting people into a pyramid scheme and praying that they recruit more so that I can make a few pennies. It was a negative environment, no formal training, and they took all my leads. Yes, the office/team gets part of every sale because they play a part in every sale. Something like, I really dont understand why you felt you had to lie to me initially. Ill be moving in a few weeks anyway and as I mentioned, I already have work. He said Financial Services then when I asked what kind of company he states the details will be discussed during the interview. Toward the end of my time there, hed told me he wanted me to set up Primerica as the retirement investment for employees. The man who was telling me about the opportunity was upfront, and I kill myself working two jobs. They are in the business of selling real estate. Some are a couple miles down the road and some are across the country or across the ocean to the most fantastic scenery or landmarks you've ever seen. I received a call from Primerica just a few hours ago. Vanguard, Smith Barney, Fidelity, etc are all good. Hey guys, so I went through the exact same thing, someone on one of my social media had publicized a post saying anyone 18 and over looking for a.job, my company is hiring. I was interested so I messaged the person and I asked what company and what position, she briefly told me it was a financial services company and that was it. Then we proceed to training and moving forward. The main product Primerica offers is Term Life Insurance. Real estate is a legitimate industry that is based on the sale of something real. For how many people were in this office suite, it seemed rather small At least the atmosphere was one of a party variety My interviewer asked me a few brief questions about myself, but seemed disinterested as I told her my work history and personal skill sets. One person wrote that she heard people cheering YES we do that because we support the people who are working and we give accolades to them. 1.) Primerica's MO is using people to convert their acquaintances into customers. this is defamation. I interject, Im sorry, what exactly is it that you do? The subject turns to travel. The model works by asking new investors to make an upfront payment so that they can be allowed to join the scheme. Of course, now looking back and seeing it for what it was, I see why he wanted to hide behind secrecy. 4. Not a fan of recruiters that will give great compliments, offer big promises with no details & make unemployed people pay 100.00 to get started. The interview was about 30-40 minutes long so ill break it down into sections. I made the mistake signing up thinking I was signing up for life insurance and trying to help a friend out that works for this company. He spoke and I listened. There seems to be a way to make money but you have to be highly deceptive and cut-throat, oh, and pretty desperate to make money in MLM. Never going to a meeting after invited and said you would. My daughter was contacted by Primerica and she told them I was looking for a job. As far as heightened prices if this is the case how is it that their clients save money on the services? Gather the information and make up your own minds. 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). I kept asking what my role would be and he kept replying that he didnt know, that he could not tell from my resume what I could do and that he was not offering me a job. My friend joined this because the company we work at now isnt good and this company made her feel good about herself. By the time he is licensed, he has alienated many of his friends, made some money for his upline, and is now expected to trick others into doing what he was duped into doing. The VP Mr. I stopped giving out leads once I realized that I wasnt getting paid at all. Denise Its sad that youre promoting this scam. I like to hear about the successes towhat did you find out about those that succeed at this? Low-Cost Business Startup Not every business opportunity comes with a low-cost setup like Primerica. I need papers and what not. This affiliation between the two companies is one of the oldest partnerships inside the Primerica menu of products and is fairly popular. So I bit and went to the interview. Its just that the whole experience left me somewhat unnerved. So I asked if she had a website to see the company information and she said it wasnt set up yet. Well her assistant texted me the address and I like to research things so I researched it and the first result linked to a Primerica site with that address on it. I reminded her I was not there for a financial health check, but rather for a job pertaining to repairing computers NOT a door-to-door 3rd-party insurance salesman. Ugh. And if your not going to show up to an appointment just say so, dont be a child and say ill be there and not show. Investment Adviser Firm Visit SEC Site. Time and again, we see these lies and unethical tactics used to lure people into Primerica. I went up to him and asked him about the office manager role. I joined Primerica and spent about 2 years trying it. Finally he had a female associate call from a different number who told me I had been referred to her as a candidate from the man who approached me at Target. http://www.sequenceinc.com/fraudfiles/2013/02/is-multi-level-marketing-a-legitimate-business-method/. I read most of your posts, and there seems to be a lot of hate on for this company. Were 30 mins in this interview, hes asked me for $124, 3 people i have to refer who will also pay $124, my credit card info, 25 phone numbers to also call and sell insurance too, and then called my parents for a home meeting. I play along, cause I dunno. When he called me I was busy and asked him if i could call him later. If Im not doing something productive Id rather be at home sleeping and spending time with my husband. 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. Oh well I showed you the PowerPoint and video?? She stated the name of the company, Primerica and stated they deal in financial services . Thank you, I had my interview with Primerica roughly two hours ago so ill explain my story while its fresh. Why the need for secrecy? I talked to the manager to get my money back and he talked to me rudely, unprofessionally, and in short form text. When you write a resume, youre looking for a job, not an opportunity. But one thing a lot of people never did was actually get any information from the company about what they actually do and how they actually help people with their finances so people can actually pay off their debt faster than they are projected to, and actually reach their retirement goals. I will not be invited back even though the host is consider me a friend and wants me to be on her team (her words). Goodness gracious thank you for the comments, almost went to an interview. Basically, i refer 3 people and make $700. Destroyed my friendships with this job. He acted surprised that I had not. When I told him I am no longer interested he kept asking me why and then called me arrogant. You are describing practices that are barred from current procedures, and the law. First off anyone can make a PowerPoint and the video was from fricking YouTube. The second warning sign was she didnt have a business card, but rather took my phone number down on a notepad and advised her business partner would call me. But I guess well see what they do to me and all of my information. A full 84% left prior to obtaining their insurance license. I just got snub because I was invited to a meeting while other try to tell/sell me how to get to the American Dream with Primerica doing good things for my neighbors and family etc. Personally I have been in the company for 4 months and I have seen what a scam it is. I was fresh in college, and desperately looking for a big girl job. After reading these comments I can say I will not be showing up Wednesday at 6:15 for my interview. This may be a rough road, dead end, pain, death and not get anywhere. I dont know why, but I say okay. Aww. She goes to the bathroom and I quickly text my girlfriend to come and rescue me. These MLM ventures seem to prey on the 9-5-ers making minimum wage with the promise of making a six-figure income. Were not talking about a rogue recruiter here and there. And at the very end, drop the bombshell: You know who and what they are, and that youve purposely been wasting their time. MLM or a Pyramid scheme.Primerica is a Pure Business opportunity, the . So many of you cancel your interviews which I understand you feel you need to do because of what other people are saying about the company. The final weird thing was if she felt like the discussion went well she would invite me to a formal interview where I could ask questions. They are a public traded company but a lot of slime-balls are publicly traded and perform well in the stock market. I hope this helps anyone considering Primerica or any MLM company for a career but dont let desperation drive you to a poor career decision. Life Code, the real world. The annuities and mutual funds are sold via a licensed dealer and broker called PFS Investments. He has dedicated his most productive working years to a system that will never be able to deliver what it promised. But to shut down a business just because over 100 of you said it was crap and the rest followed after you did your own research. He finally mentioned he was on the phone with primerica and he was conducting an interview now Very weird so I blocked evrythhng and said no sales. Like I said, I own my own business and am looking for some sharp people to add to my team here. We set up the interview within a week and Ive never had someone more eager and desperate to hire me. When I walked in Spanish music was playing and the office was empty even in the so called Vice Presidents office its was empty and had fake plaques and stuff every where. I said I was and she offered me an interview. Therefore, before joining Primerica, you might pose and ask yourself if it is a pyramid scheme. She said they were just getting established here. Amway. Thanks for all the information. They asked my husband and I for $99 each to set up (pay to be hired) and wanted $156.32 cash to start our life insurance said our kids would automatically get $135,000 if we even die today, This bleepity bleep bleep!! When she gave me speech about how they help people save money and so on, then she said are you ready to sign up for the classes?