So I got a call from the so called vice president of the company, mentioned they were seeking to hire many individuals due to expansion. When I told my boyfriend about it, who is currently taking a bunch of business, marketing and economic courses (Im a FILM MAJOR so the fact that they wanted me at all should have tipped me off), he said it definitely sounded like a pyramid scam and to look it up. to sit down with them to straighten their finances out. They are liars, they never gave me my money back, they have all my bank info and I feel very unsafe about that. Multi-level marketing is not entrepreneurship. The woman who contacted me on Facebook messenger, just asked if I had a financial advisor, and I said yes. She wants me to go but ive been down the MLM road before and after a couple months I knew it wasnt real. I walked into the office and was greeted by a receptionist in her mid 40s. Multi-level marketing is not a business. They were put off because when they ask if anyone had any questions, I raised my arms and stated above. Thanks everyone for your honesty! The commission overrides only reach a small number of generations deep. I tell her about my jobs, what I used to do, etc. Everyone was extremely nice. I was told that there are many positions to be filled and I am qualified for a top one. She told me that she was expanding her business, she worked in financial services, and was looking to hire people. Before you try to pick apart or look for excuses not to be a recruit, maybe you just dont believe it can work or its you you dont believe in. I ended up going to an interview, thinking that it was with a company called Coldwell Bankers, since it was in the same main building as them. Oddly enough, the guy who put up the review had the same last name as the woman who called me to interview. I wasted a month of my busy life and thankfully, I already maintain a good internship at a wealth management firm and did not leave it for such stupidity. The business when presented me, gave me th opportunity to sell other things, like Legal Shield memberships. Never realized Primerica was an MLM until reading what Tracy has posted. I have better things to do than waste my time being pitched for a scam that takes advantage of people who dont know better. My ignorance had me traveling well over 30 miles one way. You have a manager a supervisor and an employee. *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. Its awful, and it looks awful. When I entered the address she gave me on Google Maps, no name for the building came up, which raised my suspicions even further. http://www.sequenceinc.com/fraudfiles/2013/02/is-multi-level-marketing-a-legitimate-business-method/. It was fishy at first, but I thought the best of it. now she has been pursuing me saying she has another office and she needs someone to run it . Take this down before i file a complaint. Are you looking for a Primerica review to determine if the insurance company is a scam, multi-level marketing company, or pyramid scheme? HOPE THIS HELPS 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. He told me to have a seat and that there was going to be a presentation. He explained I would get $100 back plus $200 after training.He then told me as part of the application part he needed my debit card now so he can turn in the application as soon as possible, but i told him not to charge anything yet. Down below is a tiny non-referent asterisk that tells us to check their claims against the DISCLAIMER portion of the book. Then she texted me and asked to meet her this week for coffee. I was excited and didnt even think to look up the company until I got a text message at 11:30pm to confirm my interview. He asked if I have ever heard of Prime America (looking at this site at the same time) I said yes, he sounded surprised oh you have Yes I said. A manager? In any event, I told him I was not interested and he hung up. Unusual, yes, a scam, no. So once I read that it was an Insurance Company I immediately knew it wasnt for me. mail in a letter with your info, we will give you a call. Its not the money, but once I left and processed everything it seems they pressure you to sign up and recruit other people. Fraudsters frequently use social media, Internet advertising, company websites, group presentations, conference calls . I will say that the highest ranking person I worked with has now been involved with the company for over 30 years. It is a pyramid scheme in which 99% lose money. They went through my Finances and sorted them all out and gave me a plan to pay everything off in a pretty cool schedule/plan. In public. Write by: . That is why the poor get poorer and the richer who work there ass off get richer! What would that income really be after all expenses, office rents, etc, were deducted? And he was on his phone during the interview and it just all seemed so fake and phony. I could hear a party going on in the background and the aroma of delivered pizza hit my nose. So this person who called said a headhunter has forwarded my resume to him and ask if I would like to work for them. He says he has Series 6, 63 & 7 brokers licenses. She never called me back or contacted me again. Nothing! He didnt mention anything about a resume which made me wonder. Go some place were you wont have to exploit people looking for a real job. If the job interview is not actually for a job, and is instead for a recruitment scheme, then the person was lied to. I retired from a 20 year career in the U.S. Air Force in 1993. Having professional licenses paid for by a company and given the tools and resources to build a book of business on a part or full time basis is a wonderful opportunity for the right people. The whole thing seemed extremely odd to me that they would be interested in employing someone like myself who has zero experience in this field. The man on the phone was not the man at the meeting. Since it was scripted, I never got a chance to really speak about what my views are and what I look for in a position as well as my strengths. I work full-time and train in martial arts. A lot of people on here say Good thing I found this website. Like I said, its a dive bar and the usual clientele is pretty rough. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. DO NOT give them the time of day AT ALL. Which is why a I didnt go down that path. Just went to one of these sad displays lst night got dragged in by a friend. I am not against commission based jobs and making money. 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. The business of Primerica Reps is recruiting other reps. 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. I mumbled something about Ill see what I can do said my goodbyes, and bowed out. So then i asked him thru Facebook and he said no and now im here and im so glad i am. It is a horrible, horrible product for almost everyone, but that doesnt make it fraudulent. Understanding The Tier-11 Membership Of Primerica The man who was telling me about the opportunity was upfront, and I kill myself working two jobs. Its performed nicely and Ive never had any problem with the company from my standpoint as a customer. I did not quite have the similar negative experience as many posted, but mine was similar. Its about finding suckers who can be talked into signing up for the MLM. Time and again, we see these lies and unethical tactics used to lure people into Primerica. The SEC found that PFS Investments Inc. had failed to have in place effective policies and procedures to follow up adequately on three complaints received about the Dearborn registered representatives, "selling away" activities. Then I felt a bit ashamed for thinking badly as I remember Johns words to me, that he would always act in my best interest as an expert in building a business. I dont know man. He frowns and shakes his head at me. In fact, the only thing I remember from that call was his saying Citi weird. I search my memory and finally remember who she is. I asked what it was and he was kind of vague, but I humored him and said that I would be interested, as I am in the market for a part time job given the added expenses of my fathers death. Really 99 dollars for a background check and then more money was asked to start and get your license. I agree with your assessment that Primerica is not by definition a pyramid scheme. Proceeded with a few more questions before telling me she and her husband ran a small business. 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. I finally ended it telling her Im sorry but no and she said thank you and turned her back on me. I did not like that and that was a red flag. You need to have a 1) calculator and 2) common sense to realize only the top percentile will make any livable income, in your head you think youre going to get enough sales to make six figures youre not. I was looking for work on Craigslist and came across a post for motivated self-starters needed for an up-and-coming financial firm. A company that tries to recruit through tinder is only going to do what tinder was originally intended for. She told us that her and her husband are preachers, therefore we should trust them. I had an interview yesterday with the regional Vice President. As for NFTs, exclusivity and FOMO run the gameeveryone wants in and where there are winners, there are losers. Other insurance companies do the same thing but Primerica is ruthless. Yes, but for other areas, not recruiting. The hairs on my neck stood up when she spoke like this, but I figured it couldnt hurt to hear about the position. When I sat down with the guy, it felt less like an interview and more like a sales pitch like you guys said. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met. Discouraged, I climbed into my own car and went home. Very few people want to do the hard work thats required to succeed. But he had no idea who. He added that the goal for all individuals is $1 million before retirement. But the point is, even then they required a fee to be hired. You broke ass people who work in corporate America all work under a boss. Goodness gracious thank you for the comments, almost went to an interview. Like my parents support me and are very smart with their money. The location seemed extremely sketchy too. Wow. 5. During the call I asked her about three times for a website link or something to see if I would like working with her but she avoided giving me the website, I had to ask her about three times till she finally gave me something, and even that was just the name of the company. End of recruiting. And this made me laugh what he said next. FINRA reports that this firm has 21 total disclosures on its record, including 17 regulatory events and 2 arbitration awards. We set up an interview for this Friday at 1:00. I said no and he sounded surprised. this woman I met about two years ago at my job . I said yes just to help her out. I already work full time. It seems like a job interview. I realized what it was after that meeting immediately. So there really wasnt an option for riders. Please dont contact me again. Ta da. EX. Its interesting that I came across this, especially since Primerica is also traded on the stock market. He seemed so angry, I thought. People do real research before you blow an opportunity and not this Google cap where anyone can post anything on it. Information regarding accounts at other fund companies may be found on those companies' websites. So if you keep your premiums paid, your family will receive the benefit. You want a cashier to manage your office? Wow thanks I have interview Monday but I will canceled. MLM is not a business. However the comments of one man on here did not sit right with me. Damn I wish I would have read this earlier. To the last comment, the most draining 2 months?? The following day, the ex-financial advisor disconnected with me on LinkedIn and I have not heard from him since. At that point, I hung up and laughed. Every person recruits, and everyone below them recruits, and everyone below them recruits, and so on. Look into those; and if the person you are dealing with only goes to the one service and being a rep,, find another Primerica person to help you. Hope this helps and good luck to those who have gone forth with this and now have regrets and for those who saw the light before it was too late . It wont end up mattering in the long run anyway, youll have enough new recruits to train. I nodded silently, not wanting an argument. I feel so used and abused, and the trust is gone! I was so flattered! The individual is a Regional Vice President and he did talk about passive income, which alerted me. NOT the other person. I got recruited by this chick off of tinder. He asked me to go for a job interview somewhere in a Manhattan building. 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. 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. Ive been self-employed all my life and, just like real estate, if you dont work, you dont get paid. He told me about how his grandfather started the company and now his whole family owes everything that they have to Primerica. Very happy with Merryl Lynch, thanks. BBB is here to help. I went on the interview and I still didnt really know what the hell it was really about. When this approach is adopted, the need for the original insured amount would not be necessary. There was two guys Anthony and some dude who looked like he snorted before he came in. Im here because i need a different job and it sounds more like he needs me. Louisiana Primerica Am a cashier nothing spectacular, but I still enjoy it. My girlfriend interrupts the lunch, I get the sandwich boxed. another red flag when up in my head, majority of my friends held the same job for years so who the hell gave you my number? He handed me a flyer that said Primerica was waiving licensing and application fees for active duty and veterans in November 2018, but I cant find anything on it on the Primerica website. I have an apparent interview with this so called PRIMERICA today and from reading these blogs I will not be going, this looks like Kirby (the vacuum cleaner) a 10 person session and rudeness and inconsideration to those looking for a job I dont think soI will pass on this thanks to all of your blogs its a fraud obviously and I am not going to waste my time on this, thankfully enough I do have a real job and to think I almost turned it down, I got a phone call from this lady name Ratna Kong she was calling me from her cell phone and she told me someone recommended me to her about a position, about being a supervisor and training I knew something was wrong when I couldnt look up her number on google or find her name or the company.thanks again. Coincidentally, that same company has had the worst passing rates, by far, of all insurance trainers in the entire country, for the last 10+ years; Went for an interview/discussion today. 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. It isnt right how these companies take advantage of folks in need of employment. It was sure better than his you guys arent doing anything, youre being a bunch of losers talks he usually gave at training meetings. WOW. I made a decent living $30,000, but its much harder than most people even imagine and it truly does require that you do oodles of prospecting. I found it extremely weird they had my info and Ive never heard of them before; however, I gave them a chance because I needed a summer job.
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