So consumers are overpaying, and likely buying the wrong products. 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. End of story. Im sad to read all this because it is true. It was clear this is a business. I have been in touch with the funeral director that handled the services for my father off and on. He asked me for my number so that he may call me later, I provided it, and then after he decided to instead just ask me to come see him tomorrow. But it seemed scripted, as many of the topics of discussion were connected to internet sources and he had all them loaded up on the computer. Tony Thanks for your concern. Indeed, I was invited and liked. Question: Does anyone feel ripped off in their current situation? Sucker Me Not At This Time 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. Im no stranger to mlm. They have a lot of my information? The activity on this thread keeps the page at the top of Google searches for common phrases related to Primerica. Canada recently upgraded their insurance industry testing and training standards nation wide. I walked out. Im not in huge need of anything, Im just exploring my options. What agencies would handle this kind of thing? The theory is this approach will provide a greater rate of return compared to the paid-up dividends of a whole life policy. Its also sad that what is posted here is TRUE. tell me what you need and we will basically be pen pals. He told me about how his grandfather started the company and now his whole family owes everything that they have to Primerica. For 5 years, Primerica has been paid automatically from my bank account. yet he hasnt received a check from them in month. I was in a group with a few other people who agreed to sign on as well. He had pulled out a 4-6 page brochure that explained why everyone needs their services. If the new guy lists a property himself, your husband wont be getting part of that commission. After all of this fiasco, they have become very distant friends and I FINALLY own pretty successful and growing business now from my own hard work. Employers are not evasive about what they need. A long time ago one of these assholes gave me a card and took my info, sadly I was told it was a scam after I gave my info. * Is it possible that the services Primerica provides justifies a higher product cost? Reed Slatkin - $593 million. Ponzi schemes simply require a cash investment to earn returns. MLM is not about work ethic. I received a call and was told someone left my name and number on his desk. Long story short, I sensed and saw scammers written all over their faces. Other Mutual Fund/insurance companies invest in them. Hope fully this site Tracy set up will eventually catch the eye of the better business or someone who will make this kind of shady business tactics disappear . Well, okay Atlantis it is. What would happen if I cancelled the whole thing? They contacted me, offered to meet me to just talk, and sat me down at a coffee shop (they wanted my husband to come to but he wasnt interested). Have no doubt they will be in contact with me again (as they are salesmen), but polite as I am, Im just going to be blunt, as closure is important. 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. The one thing that did get me, however, is on Google Maps, the place did not have a name. I also am one of the many that got called out of the blue for posting my resume online. He called the next day and asked to me come to his office so we could talk more. I seem to have ulterior motives? I have mine scheduled in a few hours..you saved me gas and time! I have one question, how on earth such a place can exist for so many years, without drawing the attention of authorities? Im not trying to drive traffic to Pink Truth. I was interviewed and he said that there will be second interview by his boss and at the same time their VP. They really wanted my husband to come but that still wasnt happening. What it seems to be is actually a high interest line of credit. They make any failures out to be lazy and incompetent, unfortunately the failure rate is incredibly high. Investment Adviser Firm Visit SEC Site. As someone who has worked for sales organizations for many years, I am really annoyed by the recruiting tactics of some of these folks who run MLM outfits. I search my memory and finally remember who she is. If your goal is sales, join a traditional company. Wow i got a callcfrom Primerica and the guy jhon who called made it soumd legit. Ill text the woman tomorrow to cancel since she made it clear that she had her phone on 24/7. I have an interview with them tomorrow. He agreed, however, I had a bad feeling about him and the conversation we had had and decided not to call him back. My fellow employees are a wonderful group to work with. As soon as I seen it was a power point presentation I knew money would be involved. It was withheld from peoples pay. Apparently, his company helped a lot of families who couldnt afford such help otherwise. Clearly if one can do that for another, one should be able to pocket a nice income Once she quit her little dissertation on the gap between the upper class and middle class and how the middle class can become upper class with our help, she told us to wait as she brought in the guy who had written the review for the company (5 stars. He specifically mentioned that he was looking for a qualified office manager and that my resume looked like I was very well qualified. Pyramid scheme type set up. My friends husband was at least honest and up front about me in terms of selling insurance, which I appreciated. 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. Primerica, at the very least, sells a very mediocre policy, that is also over priced for what it does. Comprehensive training, licensing and certification program. She gives me a look that says, You could very well be the son I never had! It seems like a con now. 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. Because most likely many of you canceled your appointments, and during that appointment time ended up doing something unproductive anyway, like watching TV, or browsing the Internet. Calling me rude, and saying other unprofessional things like LOL. Thanks guy- I am happy I did not fall for this prank. Sep 27, 2021 7 min Read . I got called on resume. Told me to bring my social insurance number with me, because if I pass the info session they would like to start to work with me right away I told them that Id have to think things over, though it took a couple of times for me to say that so that they understood. The women who spoke on their first visit asked what Im looking for in a career and mentioned I was very impressive with customer service. He said he absolutely understood that and that his office was new and he had many openings. Then why was he so eager to get ahold of my stack of resumes, leads I had paid for?? It is really not an insurance company, it is a distribution company that relies on a pyramid to fund the upper class there. (applied for this position on Craigslistthe number I received the call from was 347-753-3377). BTW, a presentation is not an interview. Ive been self-employed all my life and, just like real estate, if you dont work, you dont get paid. Primerica also works with affilitates insurance agencies that deal in home and catr insurance, even selling home security systems. Would rather wait for another job. The difference was the leadership at Cutco wasnt as slimy as the women who interviewed me when I got introduced to Primerica. I assumed that would have ended the conversation. After I finished that, David came in and started his pitch. I quit altogether after 2 months because it was the most draining months of my life. Each of these new members usually pay an entrance fee, which is used to pay the people above them. He added that the goal for all individuals is $1 million before retirement. Im a chatty bend-your-ear kinda bartender, so as shes sipping her coke we start up a conversation. John said no.. yet I knew that wasnt true. Good thing they never call me again. You should be ashamed of yourself for writing an article as false and untrue as this one. *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. I answered and then asked what company he was calling from, something like Frontier Financial Industry and then he mentioned it was owned by Primerica and I immediately let him know that I was not interested. I am sick thinking that I signed something that I didnt read, gave her my social security and address. The only logically answer as to why this trend has been in effect for years is that Primerica must benefit from this tunover. I ask for the companys name and he said Primamerica. People are recruited into multiple levels in the pyramid. The VP Mr. I just received a voice message from Primerica, they had gotten my resume off of workone job site. If this company is a scam how is it we just ran the closing bell at the NYSE? I can see her answering it even in the middle of the night to talk me out of cancelling. I advised that I am not looking for a sales job, as all the cold calls about my resume have been for sales positions of one sort or another, and I really do not like selling. Known as a co-founder of EarthLink, the internet service provider that . I immediately texted Mary to shred my application and that I was not interested. Primerica is a leading financial services provider that has been in business for over 40 years, is publicly traded on the New York Stock Exchange under the stock symbol "PRI", and is rated A+ by the Better Business Bureau iii. My interviewer did not have a copy of my resume. They were in my home for almost 3 hours, 10 minutes before they left (which was an hour ago btw!!) All of this is broken into ordinary conversation somehow. You pray upon my people and I think you suck. GREAT!! I arrived at what was clearly a low-cost rental space, with walls covered in transparent attempts at making their company seem legitimate meaningless trophies, pictures of random people posing in groups, etc. Its ok Tracy we still love you. 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. I asked what company is this and how did they get my number considering the fact I havent applied for any job positions in almost a year. He was dodging and kept pushing the interview. Very happy with Merryl Lynch, thanks. I hope theu chok on those miions $ they made when we went public . Anyway sort of brings out the negatives in the post. Thanks everyone for your stories. Rome wasnt built in a day. People keep saying Primerica is MLM because it IS an MLM. He said either way hed be expecting me tomorrow at 3:30pm. Generally in my experience, anything that seems too good to be true usually is. I googled the address and found out the companys name is Primerica Financial Services (I dont even think he told the name). The company and product reputation aside, as a source of personal income they truly fall shortgenerously speaking. 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 was fresh in college, and desperately looking for a big girl job. You will lose the business and the friendship. I, pretended was interested, really put on an academy award performance. I was in college when they reached out to me about coming there to work. I work retail so my hours are crazy. I asked him if this was optional and he said No, its REQUIRED. Thats where my suspicions got ever higher. Website: Visit Website Phone: (800) 544-5445 * Oh, one other thing, if someone goes in for an interview, and they leave not wanting the job, how are they a victim, exactly? And this made me laugh what he said next. 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 . He kept messaging me even if i wouldnt give him a reply and somehow found my number and keeps contacting me. He also deceived the new Primerica representative, telling her that he was helping her and teaching her how to recruit people into her downline, only to keep some of the recruits for himself. No amount of money could fill the hole that would leave in me. Primerica is so desperate for recruits that they petitioned to make the Series 6 licensing exam easier. I set up the interview, on memorial day, not knowing the name of the company. I, as well was duped into attending an interview and I knew right away something was off. It all seemed a little odd since they are a financial company and nowhere in my background is there anything pertaining to finance. The company with the highest growth in NYSE last year, where tesla motors had the second highest growth, is a scam to you all, who is having trouble surviving and stuck in a JOB (Just Over Broke). B . They provide various types of insurance, debt management, financial investment, and credit monitoring services. I will be posting this to all of my social media, explaining what a scam this company really is. I am considering doing Primerica, but I am first doing my due dilligence. 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. Simple as that. Grant cardone once said if you dont have haters, your not working hard enough. So excited that I had an interview yesterday!! Im scared after reading all this that i fell for this scam and now he has all my info. 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. Thank God I found this article. I call in two weeks ago to get some assistance in lowering my policy, and I get the run around. 8 Controversial MLM Schemes To Stay Away From. Financial Services Headquarters Multi Location Business Find locations Contact Information 1 Primerica Pkwy Duluth, GA 30099-4000 Visit Website Email this Business (770) 381-1000 Primary hours. Like many before me, I too received a call by a young woman, Jasmine, stating that my number was forwarded as someone ambitious and hard working, seeking employment. Primerica multi-level marketing system offers the following advantages 1. EX. You arent stupid or naive. Almost everyone involved in MLM is guaranteed to lose money. http://www.sequenceinc.com/fraudfiles/2015/03/multi-level-marketing-is-not-a-business-its-a-pyramid-scheme/. Becoming a Primerica rep requires you to pay a $199 (now $99) fee and highly recommends paying a $25-a-month fee for access to Primerica Online as noted . Am I applying for a job? She deflects quickly, This is the part when I get to know YOU. No one hands you a silver platter without some work. I got suckered into almost joining by two very good friends. Information provided on Forbes Advisor is for educational purposes only. I walk around the corner and watch her drive off, then quickly whip out my phone and Google PRIMERICA. The outdated nature of your claims constitutes libel until corrected.