In light of this information, I will be canceling. MLM never has appealed to me. He also mentioned talking with a number of people at Lowes about how bad the schedule is here as I realized later, he makes the rounds at stores like this, trying to entice unhappy people into a get rich quick scheme. Sneaky how once she enters my house she runs downstairs and brings a male supposedly her manager. I was ready to mangle both of them Im so fed up with these lames at this time. He set me an interview for 3:30 PM, but by 1:30 I had already read these reviews I decide I wasnt going to go to the interview after reading all these reviews. BTW, a presentation is not an interview. File a complaint about an investment or an investment account with the Securities and Exchange Commission (SEC). Just needed to set up a time. 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. Also, to those who think its a pyramid scam, we are a NYSE company and have an A+ rating with the BBB. Eventually he told me that he was not offering me a job, so I was even more puzzled. It wasnt until i read all the posts on this blog that i truly realized i was being bent over that corner desk of his because so much of it made sense. And we are educated, if we werent, we wouldnt have had researched about primerica. As a matter of policy, BBB does not endorse any product, service or business. A pyramid scheme is usually an illicit activity in which recruiters urge participants to invest money with a promise of high returns. And thats why I have not fell prey to their scheme of getting people to recruit. He called the next day and asked to me come to his office so we could talk more. I heard at a convention a couple of years ago that the way you know its a good company with good products or services, would be if you had to pay retail, would you still buy it? The people who give up on this business dont understand the potential of having your own business and life. I will not be going tomorrow. If this company is a scam how is it we just ran the closing bell at the NYSE? She assured me, as the regional vice president of the Dayton area, she is looking to agressively expand her reach and will be opening up 5 new offices in the next 2 years, so she needs all the help she can get. They just tried taking a mortgage out for half a million and the bank denied them because neither of them have a real job or make enough money. She talks about them like they are real. The rep was upfront, has his Primerica advertisements with him at the event, and never tried to make it seem like it was a job. They guy even scratched his back while slumped into his chair. Thanks for this post. I felt paralyzed with indecisiveness. She asked me the most useless questions ever, such as, How do you want to be treated if you work here? She was also unable to give me specific details about the position I was interviewing for. It is a shame that there are companies out there who still make money off these scams. Pyramid schemes are a criminal form of investment fraud in which a large return on a small amount of money is promised if the initial investor convinces new recruits to also become salespeople. However, when I suggested that my previous experience would leave me worthy of positions like Business Analyst, I was informed that those positions were only available in the corporate office located in Georgia. Therefore, before joining Primerica, you might pose and ask yourself if it is a pyramid scheme. After the presentation I went in to talk with the reps I talked to at the outset of the interview and we went over how the work schedule would work and they asked me what days I was available and when it got to the application portion, I hesitated. They contacted me last week and after the first decline the Recruiter called me back to give more information and requested that I come in for a presentation and make a formed decision after seeing the presentation. Im not going to bother saying anything else since you all are just looking for a reason to not go. The man called the following day (just as he had said he would do). Said that I was really great with people. I knew immediately this was a scam of some sort. I told her I dont have friends, so Im just telling her anything so shell drop it but she was so persistent it was ridiculous. I was definitely lied to when I first was contacted by the woman. I looked up Wallace Murphy with Primerica, it showed his picture and what he was about, but after reading this I will also be canceling my interview as well. A recruiter found me on Linked in and said he was impressed with my resume and feels I am qualified for a position again like everyone else I asked for more information and very vague did he explain to me the concept of this company. Glad I dug in deeper. Is Primerica a pyramid scheme? I didnt have to read much of this thread to decide that I am no longer going to the interview that I have scheduled for Tuesday. Surely a man that professional-looking would be deterred by someone as inexperienced as me in the room, I rationalized to myself. Maybe I should add only serious, legit, employers may contact!. NOT!! Those are games we leave for the devil. (unlike this whole description of events, I kept things brief) She told me to wait in the conference room as she grabbed the other woman who had come in to interview her. Apparently these Primerica folk are misusing LinkedIn profiles for their slimy deeds. You should be ashamed of yourself for writing an article as false and untrue as this one. I work full-time and train in martial arts. You say your husband someone to be in the office and is getting part of his earnings. The most obvious illustration of this was the outline he drew for me of their organization, a literal pyramid your work will be trying to enlist enough people that you can stop harassing your friends and family, and start luring in random people at department stores to hock insurance for you. Red flags went up immediately obviously he was looking for someone for sales (ugh), and though he wanted to meet immediately he also invited me to a presentation he was giving that evening so I could get a better understanding of what he was about. I gave them my information, and even the information from one of my credit cards (which Im afraid that they will still use even though Ive already called & told them to shred/dispose of the information!). I can see her answering it even in the middle of the night to talk me out of cancelling. The first inkling of a warning flag went off in my brain. I should be filling out my own application. She calls the next day and sets up a day and time to meet at an address. I simply dont like scams. No, I have never been a part of Primerica. I dismissed the thought as finally, after several minutes, John opened his door and beckoned the man in, intruding himself again. 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? They didnt give me an estimated end time for the interview, after about an hour (I was following the MLB Draft on the side) I told them that I had to go and they asked me about the opportunity and I reaffirmed that I already have a job and they told me that they will call me in a couple of weeks about it. Its just that the whole experience left me somewhat unnerved. This is a good money maker for Primerica and the finance industry in general- all on the backs of reps. So, there we were. He specifically mentioned that he was looking for a qualified office manager and that my resume looked like I was very well qualified. There are 125,000+ representatives so its safe to assume there are some bad apples. Pre-Paid Legal/ LegalShield is a company that offers basic level legal services as a monthly subscription and a discount for attorney's inside their network. *69 doesnt block the outgoing number. Wow i got a callcfrom Primerica and the guy jhon who called made it soumd legit. Act really dumb and make them explain things 3 or 4 times. Summary: Primerica is a legit company with a long track record. I graduated from college last month and primerica does prey on with people who are unemployed. This place is a joke, dont waste your time or money on them. NO, I was special and needed to join and they offered to pay my fee, the $99. thanks for the honest comments I well be cancelling my interview tomorrow. Anyway so disrespectful will not be going tomorrow and glad my parents raised me the way thy did because I couldve signed my life away. PLEASE DONT GO. Turns out that of the top 25 life insurance companies out there, Primerica is at number 22, and they have a very small share of the entire life insurance market to begin with, even though they have more agents than every other life insurance combined. He kept repeating that they are teaching people how to use their money, but without really saying anything else. I tell her my mom had me when she was 18 and I grew up poor. So I got a call from erin at primerica saying she got my resume off of cal jobs. Nice to know people are exposing this company! He made it seem like that was the main focus of the company. It was a group interview. Red flag I had been waiting for. Investment Adviser Firm Visit SEC Site. I never identified the gender of my child (which is a boy, by the way). 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. Talking to him? I agree with your assessment that Primerica is not by definition a pyramid scheme. Tameka All insurance agencies are NOT pyramids. Success in MLM is not tied to how hard you work. Get the BLEEP out my house before I rip our your weave!! If you want to get ahead in life be an entrepreneur. Im glad I didnt give them the $99 dollars, they told me it was for a background check, plus $25 a month to access your account through their website. Im sure people are saving money, but something doesnt feel right. 5. opening up a store or a chain of stores with their very own factory. New faces=new prospects=new recruits=new sales. I said I dont have the money (but the back of my mind I know that it is already a scam). In fact, in a few months they are sending her to Atlantis. Weeks went by and I dismissed it completely, until I listened to this podcast: http://www.thisamericanlife.org/radio-archives/episode/543/wake-up-now Identify bulldogs in your contact list and recruit them so you can make money off those go-getters and build a strong downline. But, the girl I were with got in the rm first then about 6 mint or so the guy came back & say give me 5 mints for you to be in the rm. Im sure there will be many people who wont spend time to do the research before going but at least those who do will stay away from loosing time an money on some crooks. The reason for a lack of business card is actually the business model of Primerica. (Kind of like someone asking you out on a date and then you saying I have a girlfriend, they should get the hint) The guy keeps talking and says something like we should have a discussion when youre free about the position. He kept pushing What do I have to lose?? Shove that $99 fee up your keester. He said either way hed be expecting me tomorrow at 3:30pm. The meeting was for today, in fact. I got a call at work late last week from a man who said hed overheard my conversation with another customer and was very impressed and wanted to talk with me about a position with his company. Cons. At the end he asked me for my number and said he had a wonderful opportunity for me because he loved my customer service,attentiveness and bubbly personality and he thinks i would be great for his company. People are much savvier now a days and really hate a sneaky recruiting pitch. I got a phone call today for an interview and reading all this is really got me thinking twice, PLEASE READ, HOPE YOU SEE THIS! Isnt it a blatant cheating? Ive had group sort of discussions before, but this seemed to be more of them trying to sell me on a position (it almost felt like they were trying to sell me the products themselves) They didnt ask me many questions about myself, so it felt like they were looking for whoever will take their job, not who wants it. How fun. Thank you for the blog Tracy. The model works by asking new investors to make an upfront payment so that they can be allowed to join the scheme. http://www.sequenceinc.com/fraudfiles/2015/03/multi-level-marketing-is-not-a-business-its-a-pyramid-scheme/. needless to say I got undressed put on my gym clothes and went to the gym . I already work full time. Now, I did not get asked to pay anything and was told that Primerica would pay to have me licensed, but I was also told to come back for an open house to learn more about the company. Tracy did you use to do Primerica and was unsuccessful because you seem very angry with the company? Cant there be commission only jobs? Recruiting is not mandatory, as you can make a great income with sales (once licensed as per local regulations, which is what the 99 is for). The rep said she got my resum through Monster and wanted to give me an opportunity. It is a recruitment scheme. I dont see any suggestion there that newbies may expect six-figure earnings? Ive recently begun with Primerica. Out of curiosity, why not expend the same energy to become successful at something you love and be at the top of YOUR pyramid and opposed to being at the bottom of Primericas? I can see where some think the avenue of recruiting equates to MLM but Id argue thats simply due to lack of knowledge. The conversation, again, was mostly about me, prompting me to sell myself as someone who should work there. I had heard him talk many times about the cars and houses that the top leaders in the company owned, and had asked him when he was going to get the viper posted on his wall. (The clients DONT save money on services as compared to other companies.). He hasnt paid in 3 months! and there was one review on the place, a 5-star rating with no comments added. Then a few weeks later, comes our leadership retreat. I have been invited to go to their local stoughton office for the meeting where i would be taught getting out of debt tactics while making $$; spoke about how his son was making 37k a month, his other son having a house built blah blah blah. When I laughed at her question, she assured me it was because she wanted to know about my credibility, although she failed to explain how where my family lives illuminates anything about my character Clearly, they are looking for people with family/friends to pitch their products to. It was odd that the individual wouldnt tell me what the position was and that it wasnt sales. He looks at me sadly and suspect. A lot of people like in this blog are used to trading their time for money, going from one job to another. . You broke ass people who work in corporate America all work under a boss. DIV Rep, 60%.wait there is only 50% left over, okay then what does math tell us.you get it yet..they only get 50%, (PYRAMID ENDS). Sounded too good to be true about the money and needless to say thank-you to everyone here I will not be going. We walked out to our cars, him telling me about how successful the evening had been. Product Type: Insurance and investment products / MLM business opportunity. Google what youd like but do you really think Google, a company who makes money by sponsors is more accurate than the companies that investigate for the NYSE? Im scared after reading all this that i fell for this scam and now he has all my info. Baffled, I shook my head. I can feel itll just be a waist of my time and I would rather work for a company with a good reputation. Proceeded with a few more questions before telling me she and her husband ran a small business. I was approached this past weekend while at work where a lady chatted me up, telling me that I had the right personality for an up and coming business based out of another city. Probably found out that my family is not exactly poor. 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. On the day of the interview, I drove to the adress of where the interview was, I expected a big company with a sign of the name or something. Im kind of worried they have ALOT of personal information about me. My only concern now is her calling me up again. I thanked the VP for the opportunity and ended the call. I raised my eyebrow, curious as to how he could explain that one away. People should learn to use critical thinking skills before jumping into something like this, as they prey upon your emotions and desperation. . A few of us bought into a resume site, access to hundreds of local resumes. So i can give him people that i know and love names so he can call up and make appts with them to show how to sale them life insurance and close the deal. Something about more information.. John said, crisply, Im offering an interview, thats the first step in the process. I was contacted by someone from Freedom Financial Services out of Charlotte, NC. Oddly enough, the guy who put up the review had the same last name as the woman who called me to interview. I then took a step back and thought, dissected the business model for my own benefit and thought what I would have to do to be successful at it (I over analyze everything from both sides). Are you saying that the people who did the fake job interviews are lying, and they didnt actually do that? I called her back to be polite but she didnt answer. I specially remember the leader telling us nave teens (and adults) we were to sell these cutting tools and in order to get a sell (trick people out their money), we had to do the penny trick. I read most of your posts, and there seems to be a lot of hate on for this company. But he had no idea who. 3. It is not easy to get started, but I must say my brother-in-law is very well off today and one of the top salesmen in Texas for Woodmen. The first presenter is very good. Also, there is nothing on my LinkedIn profile that indicates I have any financial talent. I was livid but had to go along so as to get out of there. The hairs on my neck stood up when she spoke like this, but I figured it couldnt hurt to hear about the position. He had his upline with him during the visit and presented me with a PowerPoint presentation. 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. We were to ask them for a penny (hoping it would be a new penny because those are weaker/thinner than the old ones), and with the new penny we were to use the best cutting scissors ever to cut easily into the penny. yet he hasnt received a check from them in month. How come they are doing it without getting punished? Information provided on Forbes Advisor is for educational purposes only. Karma. I also know another person who has been doing it for 10+ years now and he doesnt make much at all. Unlimited income potential. Being very analytical, I would have not had a good interview with another manager in a different company. PFS Investments Inc Type: Mutual Fund Annual Costs: $129 Cost Details Average Expense Ratio: 1.09% Range Details Surrender Fees: None Commissions: Yes Roth Eligible Add to Compare Add to Favorites Set as My Product Enrollment and Questions Use the following contact information to enroll or ask questions. I imagined some movies I have seen that resemble these behaviors that became movies because they didnt end well. I said okshe continued to talk balg blah blah. Anyway sort of brings out the negatives in the post. Its a job application, I dont have to accept even if I get an interview. The only way to collect on a life insurance policy is to live to be 100 years old, providing your policy goes out that far. A pyramid scheme is an endless chain recruitment scheme in which distributors recruit multiple levels of distributors, with money flowing up the pyramid to the recruiters at the top. My own confidence in my judgment is severely shaken. 3.) I just got a call tonight from someone who started to ask me about my resume. After reading all of comments, I will not be going. I believe the only way to get ahead in America is by entrepreneurship, MLM and/or Franchise if you can afford it truth be told, if you think about a PYRAMID, you could look at your job as one. Like the other RVPs were worse off for working with people who didnt have it. As I still had about 10 minutes to spare, I drove around the parking lot to make sure I had the right address. The scheme is called a "pyramid" because at each level, the number of investors increases. Notice how the representative not only deceived the job seekers. The interview was over after he scheduled a home visit to talk to my parent and im cancelling that appointment because Im 95% sure im being scammed. He sat next to me while the guy gave a speech on how much money people were making and talking bad about my job. We have 40,000 new clients each month if you joined and didnt work, youre not one of the people who make money with us! I retired from a 20 year career in the U.S. Air Force in 1993. You wouldn't want to associate yourself with them, especially when fully aware. I received a call on Wednesday from a classmate she just graduater from high school and im still there so she told me that she works for a growing company but she didnt say which company it was she just asked how old i am and if i was looking for a job as almost every high school student i am looking for a job and i have applied in so many places but they havent call me. Like my parents support me and are very smart with their money. At first I was questioning that, arent you supposed to use a business card? 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. They WILL continue to call you even after you have said no. Thank you so much for sharing the information! I have an acquaintance from Facebook who floods my news feed daily with this Primerica crap. Long Term Care Insurance 5. Now, of course, I see it through different eyes, more objective and analytical. It all seemed a little odd since they are a financial company and nowhere in my background is there anything pertaining to finance. I told her I will be but next month and gave me a choked faces and asked WHY, told her I dont have the money to pay for it. Top investment analyst recommend company in books, on the radio programs, and on TV programs. How BBB Processes Complaints and Reviews. 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. Pyramid scheme type set up. The dude ignored me completely. Wow!! Similar situation I have an appointment on Monday. I went to the orientation before with Primerica and discovered that it was a MLM. Do your research people dont fall for pyramid scams. I definitely wish Id gotten the name of the business and researched this before going to that meeting & giving them my personal information. I then sat through the presentation which also seemed legit because the two presenters just seemed so down to earth and passionate about helping the common man (except the guy who kept bragging about his house and cars). Funny thing is, the first 20 times I heard this same spiel I was envious of his life and attracted to the lifestyle he proclaimed was not only possible, but a given if one followed his leadership. They are lying.). He also stated I would be refunded once I completed a certain portion of the tests. Yes, there can be commission only jobs. The man told me he was a head hunter and had seen my resume on Career Builders. Every person recruits, and everyone below them recruits, and everyone below them recruits, and so on. Second, it was I who contacted my Primerica agent recently, not the other way around, to inquire on an IRA rollover for my husband. Then I asked about the $99 asked of you when you interview and he laughed and said are you on Google? I wish i had read this before i went, wasted 20 bucks of gas to go, and was exacly has described, what a waste of my time, and i went all nicely dressed. Im 21 and just recieved a called from them while at work stepping away from the front desk i answered to a guy who gave brief detail about everything your reading above smh not going! I couldnt make out the muffled answer but saw his demeanor change to become a bit more aggressive. SCAMMMMMMMMMMMMMMMM. Another middle schooler came in and went directly to the back where the party was. I said no and he sounded surprised. I actually stayed with the company and received my securities license, but could not continue due to the trickery and deceit involved. not entrepreneurial The big guy stated he made over $500,000 last year. Sobeys. I would STAY AWAY from Primerica. * What is a pyramid scheme exactly? I was very interested in that. Then why was he so eager to get ahold of my stack of resumes, leads I had paid for?? Forbes predicts Primerica will do to financial services what Amazon did to retail! Thank you! Had forgotten the details but Tracy Coenens information on many posts about the 99% failure rate of MLMs, despite Primericas legitimate products have me thinking. Never going to a meeting after invited and said you would. Young people of united states and canada please pass this pages along to your friends . I sign some kind of agreement that she mysteriously summarizes for me instead of letting me read. It calls back the last received call. But I guess well see what they do to me and all of my information. John would be furious with me.. Sam The position of trainer really means RECRUITER. We were all in this rinkadink room, looks like they rented and tried to make it look professional but it looks rushed and had meaningless awards on the walls. Well, I didnt stick around to find out if it would work or not because I stopped going once me and my mother got a bad feeling about the company. No one says where these happened tiothem, and i would like to know where they live, and how many people in that area experienced the problems written about here. None of them could answer my question(s) without talking themselves in a circle. Still, barely any information given. I also received a phone call from a guy who said had my name refered to him by someone. He asked for a check saying theyll cash it when I give the green light to go ahead. God am I hungover. I received a call earlier from a rep, or whatever. Then I looked up Primerica and this lovely blog popped up.
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