All the things he was saying sound good. And we are educated, if we werent, we wouldnt have had researched about primerica. When I ask again what is the role of being a customer service to the company, all that he is saying was that I will be talking to their clients. Within a couple of hours. MLM is: So an agent sells a property, and the agent gets a commission and the office/team gets a commission. My Primerica Regional Vice President (RVP) well call John offered to teach me how to call them, to build my team. Blah blah blah. Watch out especially for Melissa Allen- highly unprofessional, rude- and will say anything to get someone to an interview. So once I read that it was an Insurance Company I immediately knew it wasnt for me. Basically, i refer 3 people and make $700. Business opportunities are not for the weak at heart. no phone. I did the hard work, but realized that I am was more ambitious than most. A woman approached me and complimented me on my bag, asking me where I got it from. I have another so called meeting tonight with him. I had to squeeze in questions as he was trying to hang up without providing any information such as what does PFS stand for? It doesnt state that many on the list never again achieved those sales levels. I got a call after meeting with someone from the workforce. All of his uncles work for Primericaeven Uncle Doug!! I am glad that I came across this blog because rather than wasting my day off from running errands and spending time with my children, I wouldve been sitting in a UNPRODUCTIVE and pointless interview just to GATHER INFORMATION that should have already been provided to me. How in the world they got my resume in a snail mail environment is still a mystery. He spoke and I listened. I ended up getting out of it last minute once I found this blog I had to SEARCH HARD to find out that she worked for Primerica, it pretty much boiled down to me searching the address she gave me and finding that its registered to Primerica. Tracy says this is about recruitment and getting people to pay the initial and monthly fees. I told him I wasnt interested, but really wish I could report him to someone. needless to say I got undressed put on my gym clothes and went to the gym . Go get a real job and stop preying on innocent people trying to get ahead in life. Often in a pyramid scheme, you'll be encouraged or even required to buy a certain amount of product at regular intervals, even if you already have more inventory than you can use or sell. It was odd that the individual wouldnt tell me what the position was and that it wasnt sales. During our brief phone chat, she asked if I knew Primerica and I told her that I hadnt. Looking them up, I found this thread and Im grateful I told him to take a hike. 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. Thats just the first of many. Im not in huge need of anything, Im just exploring my options. Once reading all these reviews I called back my recruiter and asked for more details about the interview and he was vague. As far as positions, I havent even met you yet, how could I know what youre qualified for? Listening again.. it takes 1 minute to call or text. There was some meeting in another room which cheering and whoops could be easily overheard. But he had no idea who. A page comes up that seems to refer to that but it quickly goes away and the main Primerica website comes up. You may even have to buy products before you're eligible to be paid or get certain bonuses. Im here because i need a different job and it sounds more like he needs me. Just needed to set up a time. Notice how the representative not only deceived the job seekers. Im here to see how this turn out(Micheal Jackson Thriller Popcorn Meme). Ironic, since recent grads are the least likely to be able to afford to pay to get into this crap. In light of this information, I will be canceling. FTC Shuts Down Credit Repair Pyramid Scheme Financial Education Jeb The reason why they dont give you any information prior to the fake interview is because IT IS A SCAM. Did he expect me to conduct this interview? There are plenty of traditional types of jobs that do not require college but that pay much more than $10 to $15 per hour if the individual is willing to work hard to learn the job and move up. I got up to follow the man into Johns office but he closed the door. I received a phone call yesterday and on my mobile phone, which despite the fact that I am looking for a job, I only mention in cover letters or to recruiters who approach me on my landline. So a woman called kim called and set up an interview with me in a city nearby. He asked if we knew anyone looking for a job part-time or full-time. ?, Dont you want to own your own business?. 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. They are lying.). She gave me vague details about the company. Call away, I figured. PFS Investments, Ex-Broker Under Investigation for Securities Fraud He acted surprised that I had not. *Money.USNews.com, "How to Find A Financial Advisor if You're . God am I hungover. Duluth, GA 30099-4000 Visit Website Email this Business (770) 381-1000 Primary hours 9:00 AM - 5:00 PM BBB Rating & Accreditation A+ Accredited Since: 1/1/1980 Years in Business: 46 Customer. My only concern now is her calling me up again. This is just like Aimway, they make you sign up and promise you, you will make money fast and easy. When I sat down with the guy, it felt less like an interview and more like a sales pitch like you guys said. Primerica Review: Is Primerica a Pyramid Scheme? (2023) - Noni4all But even better, in a real insurance agency, the goa is to sell insurance. At the time my mind was elsewhere so about 10 minutes later I called her back and asked her what company she was with, who referred me and what position was I interviewing for. Primerica is a financial services company that states it's mission is to help underserved communities gain access to top level investment and insurance products.. And yes the higher ups do benefit from your recruits they arent going hard for no apparent reason and they will convince you they are blue in the face that Primerica will help you build your own business within a business. Is Primerica a Pyramid Scheme? - Learn To Grow Wealth Online She told me that she was expanding her business, she worked in financial services, and was looking to hire people. 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. He went on to make about six more calls, each leaving me a little more tense than the last. Thanks guy- I am happy I did not fall for this prank. Blah blah blah blah. He said no and proceed setting an appointment for me. Warning any company Rep from anywhere that is vague with answering your questions ? My own confidence in my judgment is severely shaken. I did go to an interview with him his office was eerily empty, a dark, one-floor building that looked more like a conference center than an office space. And since the beginning things felt off. Common Scams and Frauds | USAGov The meeting starts after like 30 minutes past I still dont understand what I would be doing so I start asking questions about the company and I was told the company name is Prime America and how there is no website but that the company is one of the biggest companies in the world. I retired from a 20 year career in the U.S. Air Force in 1993. Today the husband called and said his wife said I had people skills and was very vague and I had to really ask what was the company after the asked me to come in for an interview. I think the biggest tell tale sign that you are getting involved with an ethically questionable company if you have to ask who they work for or grill them on their business model. Needless to say, Im glad I got out of that one. I usually check into these things before setting up appointment or returning calls. Ive recently begun with Primerica. i have an intervew tomorrow too, but i decided not to go after reading, thank you. Just WRONG Disgusted!!! Thats why they havent been charged. (including advances). 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. Mary wants to extend the visit. if I say anything bad about them, he gets so upset. Plus his wife worked full-time here too. Like I said, its a dive bar and the usual clientele is pretty rough. Plus, I knew I had read somewhere on POL (online website for reps) that it was against compliance to block the number. 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. I got the appointment with out know the many of the company, when I got there the girl asked to fill out a form with what I wanted as my career how much money I wanted to make ect, What these agents wont tell you is that another bear market is looming ahead, along with the upcoming changes in Washington. Tope Trading money for honest goods and services is not a ripoff. I like to hear about the successes towhat did you find out about those that succeed at this? I did find it funny though, because it was clear he was representing an MLM based on the fact that his business cards didnt have an actual company name, used a generic Vistaprint background, and listed him as a Financial Coach or something like that. My friend convinced me to join, asking to partner up with me since he couldnt get through the door. If you look deeper every single business entity can be labeled as a rip off because essentially take peoples money for their own financial gain. If your goal is sales, join a traditional company. 85% of people cannot pass insurance test. She asked if she could put me down for an interview on Tuesday. I eventually had to block my recruiters number, cancel my account and deactivate my online banking Plz anyone whose thinking of attending or believing what these people are trying to sell you, reconsider . Ask God. 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. Ponzi Scheme vs. Pyramid Scheme: What's the Difference? - Investopedia They get lectures about how they can earn as much as 110% depending on production and promotion as Vice President. I got suspicious and ask if this is an mlm company (I dont even know why, well, I know a lot about mlm companies from the past). She asked if I was interested in working with them, and I said yes. Apparently these Primerica folk are misusing LinkedIn profiles for their slimy deeds. Replied that I was actively seeking a second job opportunity, so without disclosing a last name I wrote down my given name and phone number. The whole thing seemed a little off to me. I sent him a follow up email to try to nail down a time again. He finally emailed me back saying that 10 works great but I would be speaking with David because he was busy busy busy! This is because the company uses a controversial multi-level marketing (MLM) strategy to sell its financial products, mutual funds, and life insurance policies through its agent's own personal relationships. So, I googled the companyand here I am. In Primerica, the game is recruiting into infinity. I feel so bad and my heart bleeds how mich i lied to the community and friends and sold them something they dont stand for . BTW, a presentation is not an interview. Is Transamerica a Scam? Just Another Pyramid Scheme? (Updated 2023) I raised my eyebrow, curious as to how he could explain that one away. Luring young grads seems to be low hanging fruit for these guysmostly because these hungry go-getters that dont know any better. Ok then why do you work at a retaurant as a sous chef then? 30+ years. When we get in rm 232 some guy said oh welcome here is the pepar to fill out, I was wondering if this is real? Our government allows them to operate. i said Look ill be honest with you, Im a very cynical person. 3.) If they are MLM why have they been charged? Thank you! A pyramid scheme is a fraudulent system of making money based on recruiting an ever-increasing number of "investors." The initial promoters recruit investors, who in turn recruit more investors, and so on. * Mercedes sells their cars at inflated prices, are you going to do an web post on them next? In the classic "pyramid" scheme, participants attempt to make money solely by recruiting new participants, usually where: The promoter promises a high return in a short period of time; No genuine product or service is actually sold; and The primary emphasis is on recruiting new participants. A couple young men were milling about in 3-piece business suits. I wasnt amused. I totally see it now. I express admiration and order another coke and a sandwich. I suffered through the classes only to never hear about my financial planning budget ever again because my reps had no idea how to put one together. People who work jobs get paid. The business of real insurance agents is selling insurance. Even though the warning that you cant believe everything on the Internet is certainly true there are sites like this that give the true accounts of people who have been there, done that, and you should take heed. Is that where you have a head honcho at the top and workers at the bottom, like, I dont know, Walmart? Its interesting that I came across this, especially since Primerica is also traded on the stock market. I got a call and they scheduled an interview for today without letting me know for what position they are hiring. 4.praying primerica is what it is for good, help me with these to open up my next store FOR GOODfor all you i dont believe a business can be good and their only out for my money. He kept asking me weird questions and giving even weirder examples. If you really want to sell financial products, youre much better off doing so through a company that is not an MLM. They saw my FB updates about needing a little more income to start some entrepreneurial type things I was interested in. I know a couple that have reached their $100k status and are so proud of themselves, except they have no money and do nothing. I had an interview scheduled for tomorrow, but something was really fishy about the entire thing. Name, address, social security. 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 met with him and the regional Vice President yesterday and he took me out to lunch after the meeting. 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. When I looked at the girls job title, I googled it and found this site. Product Type: Insurance and investment products / MLM business opportunity. I Googled the address and found out it was Primerica. The presenter looked like 19 years old and began talking about the company and that it was called primerica. they said a position in the company. I asked him if he was headhunting and he said, No, Im actually early for a business meeting and your personality caught my attention. 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. The only thing that bothers me about Primerica is being captive and not having the flexibility to sell other products. She asked if the woman and I interviewing would be interested in receiving our free financial health check as well as a follow-up appointment for the orientation session so I can get out there and start making money. Commentary on fraud, scams, scandals, and court cases. Over dinner, I told my husband about the phone call and what I had found online about this Primerica and learned that he, as well, had been lured to their office a few years back, when he was looking for a job and after sitting in their presentation, he realized that it was a pyramid scheme and walked out without looking back. I called and told her straight unless u give me more info about the job I wont be doing the interview.she sounded upset and threw me a few crumbs more about this fake company BS stuff . Then I looked up Primerica and this lovely blog popped up. Even if this is a legit company, the financing industry was never my thing. Surely a man that professional-looking would be deterred by someone as inexperienced as me in the room, I rationalized to myself. She handed me a clip board and asked me to fill out the information requested. Now I have my 2-15 and Im not going to waste that on just Primerica products. The Financial Industry Regulatory Authority is accusing former broker Barkley Lundy, who worked with PFS Investments, of defrauding at least 20 customers.The self-regulatory organization claims that from at least 1/11 through 3/14, Lundy took these clients' funds and placed the money in his own bank accounts. Below is a narrative of how this went down for one PFS representative. Oh jeez.. he told them on the phone it was a quick 40-minute session. Again, the little lie bothered me. Big giveaway: when an interviewer asks you questions about who you live with, and if you have a lot of family and friends that live in the area I mean, come on! It is a recruitment scheme. Oh, and I will be getting a term life-insurance policy, just not through Primerica as they do not show up on anyones top ten list of term life insurers. The bottom line is that Primerica sells legitimate products and services (life insurance and investments), but sells them at inflated prices to generally unsophisticated consumers. As you also stated, there are no downlines involved. wth. They prey on our natural vulnerabilitis and at anytime any of us can find ourselves being lured in. Hey every body, i have a guy friend who works at a local health food store, he started telling me about 6 weeks ago about this new business he was recieving training in, he connered me today at the store, and asked if i wanted to sit in on a meeting to see what its all about; well i new something was up when every one was all cheerfull and glad to have me there, i lost count how many people said that to me in the first 20 min, Then came the brief infomercial about the exotic trip you can go on if you just earn enough points, every one kept talking about all the money and free time you can have fro your self, but never once did any say exeactly what you do to actuallu earn any money, oh ya then there was this manditory meeting you have to attend 1200 miles away, and wouldnt you know, they started right with telling every one if you did not make this meeting you simply were not commited, Wow.. Any way after about 45 to 50 min of this i told my friend i was going to leave and research this out online, you have no idea how good it felt to walk out mid presentation, i bet all eyes were on me you what i missed riding my bike tonight because of this.. Dont waiste your time people it is a MLM scam.. They would contract with these companies to offer customized plans that are not offered if you the customer dont go through Primerica first. Multi-level marketing. Low-Cost Business Startup Not every business opportunity comes with a low-cost setup like Primerica. Came to the appt. I received a call earlier from a rep, or whatever. Is Primerica a pyramid scheme? None of them could answer my question(s) without talking themselves in a circle. A former classmate of mine saw my Facebook post that I was looking for part-time work and called me. As of now, im going to have my trainer (by the way, he always stays in touch, maybe was blown out of the water by some of my morals. 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. I googled the address and found out the companys name is Primerica Financial Services (I dont even think he told the name). Primerica has been helping Main Street families invest for the future since 1977. With traditional firms (i.e. It all seemed a little odd since they are a financial company and nowhere in my background is there anything pertaining to finance. I also received a phone call from a guy who said had my name refered to him by someone. Then a few weeks later, comes our leadership retreat. 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. Regardless, I thought I was really starting the new year great but Im more relieved they taught us about pyramid schemes in high school. So if you keep your premiums paid, your family will receive the benefit. So far, my experience has been very positive. I went in, shook some hands, and sat down listening to a spiel chock-full of confusing jargon, just nodding my head and feeding their ego while Im sure they felt like they were doing the same to me. The insurance of Primerica is a company that is only said to scam people, using the method of false information, I have been 7 years with this life insurance and I am trying to cancel it because every year they are raising the price a lot, and tried to cancel and they are collecting my savings that I have in this policy, Last year I sent my cancellation letter and they do not want to cancel my insurance, I will have to ask for help from the government of *******. I WONT BE GOING!!!!! Since 2009, Primerica has recruited 1,502,173 people. At that point, she became very persistent and it immediately became evident with the posts I read on this site. Good luck to you all on your future endeavors. Last week I was approached at my job by two people. These MLM ventures seem to prey on the 9-5-ers making minimum wage with the promise of making a six-figure income. But dude. If you do not mind cold calling for many hours of the day, have no problem deceiving others, are a good speaker and type A personality, you can make money although now with the internet and all the information out there it will be much harder to convince a friend to buy a 100,000 term life with you for twice as much money as they can get it elsewhere. He said either way hed be expecting me tomorrow at 3:30pm. He called me again and I ignored the call. The early investors actually get paid those big. She the. Just then someone clearly answered because he quickly spoke into the mouthpiece, his voice fast and sharp, Hi, Im looking for Amy I listened to the call and to him book the interview, but my thoughts were jumbled. Yeah definitely not going to this after seeing the mass amount of negative comments. We talked a little about appliances and after everything was said and done they left. I forget even about the application, the conversation has turned political. Her mistake was telling me this could be part time. They guy even scratched his back while slumped into his chair. my son is employed there. MLM is not a business. I asked her who referred me and she said they interview 30 to 40 people a week and that my name was on a list. FIRST AMERICAN NATIONAL SECURITIES, INC., PRIMERICA ADVISORS, PFS INVESTMENTS INC. CRD#: 10111 /SEC#: 801-72263,8-26486. You want a cashier to manage your office? Vanguard, Smith Barney, Fidelity, etc are all good. Does anyone know of other companies besides Primerica that are employing these same tactics? On top of that, the lady who talked to me one on one after the presentation kept trying to get me to give her more peoples names and numbers and I told her first, I didnt know anyone. At first I was very happy considering I was Highly Qualified for something, but now seeing all these comments just makes me sad. Never going to a meeting after invited and said you would. She is a mere pawn unknowingly victimizing her own family and friends.

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