The evening eventually came to an end, and I watched John as he scored 2 new recruits. I work with a woman who is always trying to recruit people by taking them almost 2 hours away to hear the presentation. In essence, 95% of their force starves while making the top 5% rich. The critical difference between network marketing and a pyramid scheme comes down to the products and services they offer. I was approached by a company rep today at my job. Primerica is a multi-level marketing company. With all the information on the internet available to everyone, it is crazy to me that people do not at least look up the people and businesses they are considering getting involved in. Their 6 digit earners boast is misleading as its a cumulative, not annual figure. The company primarily sells term life insurance, as well as mutual funds, annuities, segregated funds, managed accounts, long-term care insurance, pre-paid legal services, auto insurance, home insurance, credit monitoring and debt management plans. I was at one of their interviews just a couple hours ago. ), I think these Primerica idiots need to get trolled HARD. It is mostly about convincing them to but term life insurance of which, the first yr. payment is split among his upline. 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. Is Primerica a Pyramid Scheme? - 2022 Review Reveals the Truth Before I knew it was Primerica, I thought I was going to be interviewing for Coldwell Bankers, who have a good and legitimate real estate reputation. Its not the money, but once I left and processed everything it seems they pressure you to sign up and recruit other people. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. Will do anything to hire people. I am not unemployed and actually own my own legitimate business. Im just worried if I tell him I thought about it and wouldnt want to proceed, he has basically ally information, Im in the same position as you i dont want to recruit others and im scared with the info they have. I told them that i was skeptical and would want to research before committing to any policy or any opportunity. Here are just some of the things that threw me off, he contacted me on Facebook, very informal. My up line still owes me $500 he borrowed. Then he went on to say how my experience and entrepreneurial nature would be a great fit to run one of the offices. That site already gets an, People need 2 stay away from mlms, it will ruin you, Its a mind control cult, its a scam, you need 2 leave, Not according to nasdaq. I set up the interview, on memorial day, not knowing the name of the company. Awesome reviews everyone! Also this was my first job interview, as Im a student. I have an appointment on Monday. Question: Does anyone feel ripped off in their current situation? We both waited for the process to start the woman came back in and once again introduced herself and briefly gave a biographical history of her beliefs and work with the poor. But a million questions arose when hed finished describing what it was he did, as he never quite cut to the chase of what Id be doing for the company. I thought its not that bad, I currently have another job working as an assistant to a real estate agency. Did he expect me to conduct this interview? He was bringing us all down about our current minimum wage jobs or the ones that were unemployed and started to brag about how much money he made. I immediately texted Mary to shred my application and that I was not interested. I will be posting this to all of my social media, explaining what a scam this company really is. I wonder if the experiences shared here are indicative of the company as a whole or just unchecked human behavior that isnt managed from senior corporate leadership. They need to bring in new people all the time to train them, when all they are really doing is using up their warm market to write business. It doesnt state that many on the list never again achieved those sales levels. I told them I would have to think about it and let them know but they offered to sponsor me and they paid my $99 fee as well as the $25/month fee for the first month which made me feel less suspicious. We had a small conversation and she claimed she liked my personality and gave me her card. A company that tries to recruit through tinder is only going to do what tinder was originally intended for. 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. She went thru a 45 minute pitch for their pyramid scheme. 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. If I could teach that to others, that would be cool right? Is Transamerica a Scam? Just Another Pyramid Scheme? (Updated 2023) 1. transfer job locations to my home time and end up getting paid a little more + be with all my family + be happier. My friend convinced me to join, asking to partner up with me since he couldnt get through the door. I will go but the moment I feel like Im being pitched, Im graciously declining and peacing out. He didnt think to clarify my concern so I cancelled the interview there and then. Also this company has to be licensed in each state by the Insurance Comissioner. They are legal, but unethical. 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. All the things he was saying sound good. I go back into the bar and ask the bartender if a half-blind bartender named Mariah works there. And i was highly qualified for one of their positions. Yes, but for other areas, not recruiting. As of 7 hours i have been in Primerica, I do understand what everyone is saying about it. I dont know man. He frowns and shakes his head at me. Its funny how my perspective has changed. They sold me on it, and even managed to sell me on signing up for their life insurance. Any money i earn, or is traveled up to me, is tax free, so that means. This did not yet trigger any alarms for me as I had interviewed with a couple construction companies on that edge of town as well in similar accomodations. This was an immediate turn off for me. Is Primerica A Pyramid Scheme? See 2 Lawsuits Under Investigation No, I never joined Primerica and walked away. I love my job. this is wrong! Very glad I googled this company and found this blog. I had a job interview with them, after applying to places that did not have them under it. This was my first piece of evidence that what they were saying literally was not adding up. And where, exactly, are you going to file that complaint? When he came back in the office, he explained that there just happened to be a presentation that night that hed like for me to come to. Told me hes still interested, to come in today and I said I was too busy and had no time. I think Jorge is actually Donald Trump. Got a free dinner out of it, but I never did anything with it and didnt give them any money. Now that I have read the previous comments I will not be wasting my Saturday morning to interview with PFS. Im looking for a job, and someone who lives near me tried to recruit me to this. I decided to research the company ahead of time and it lead me here Might i ask the opinion of those whom have dealt with this company: my experience thus far, sans interview sounds eerily similar to some other accounts Ive read here. I am a single mother of two kids and I have only been getting one day off from work. They particularly seem to prey on unemployed, with a get rich pitch. Thank you so much. We sat, and I patiently listened to his presentation of How to be successful at selling insurance basically. Again thanks for the information. There is no selling of opportunity because all we do is find out what peoples dreams and goals are in life (youve got to know what they are first) give them a game plan and tell them to act on it. 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 . When I started asking for e-mails and more information about the company. I spent an hour on the phone with Vice Presidents in three different areas. 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. I am suppose to have an interview tomorrow as well. If someone approaches you with any opportunity of any sort, and they are not willing to divulge the name of the company, then run as fast as you can! Last week I was approached at my job by two people. OmG people you are not making a difference commenting here report it to the BBB online or phone I did . I didnt follow those steps due to a time constraint but thanks to your comments I know I will be making better use of my time! Im an extremely brutally honest person, so when he asked what was on my mind i told him the truth. And many join daily as new agents. But cancelled my credit but should i worry because of the other info that he has still since their a pyramid scheme. It calls back the last received call. I walk around the corner and watch her drive off, then quickly whip out my phone and Google PRIMERICA. Tony Thanks for your concern. Indeed, I was invited and liked. They both return later that same evening and buy more merchandise. Thats how I found this site. 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. Three days ago, a pair of women came into my store to purchase some items. If it sounds too good to be true, it probably is. very dumb. Throughout the presentation I grew more and more skeptical. What agencies would handle this kind of thing? He said he wasnt interested and she stopped him by saying that she wouldnt take no for an answer and proceed to schedule to come over to explain the details of her opportunity, we exchanged numbers and walked away since my husband was annoyed with the lady already, we bolted from the store and went home to google the name that i had seen on her sweater and we came across this post, after reading all of the comments my husband txt the lady to tell her that he was not interested in what she was offering and she responded with like three emails back to back insisting that she come over with her husband to explain to us what they do, since she was so vague at the store. 3.) The building that the interview took place at was unmarked on the outside and rather desolate on the inside, and it was situated next to a masonry business past the outskirts of the nearest town, of all things. The next person presents the sales pitch on Primericas services. If you want to sell insurance or investments, do it with a real company, not a scammy MLM. We talked a little about appliances and after everything was said and done they left. I looked him up a few months ago. She got extremely defensive when I called her out on the scheme of things and told me not to just Google them. With traditional firms (i.e. He couldnt have known that I am a three time college graduate, having obtained both a diploma and honours degree, in the fields of law and computers respectively, so why on earth was this happening? They guy even scratched his back while slumped into his chair. Is Primerica a pyramid scheme? - Quora My name, what I do, how much Id like to make, what my goals are. 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. And this place is playing with peoples hope?! 2. I gave him my actual SOC. Im a server and i waited on this guy and his family. I think youd do well and Id like to have your number and have my secretary call you to set up an interview. id number? You can say all you want about how great the company is, but when a top RVP in a MAJOR metropolitan area of 30 years is sucking it, something is very wrong. They offer it at a price they term affordable for all families. MLM is not a business: http://www.sequenceinc.com/fraudfiles/2015/03/multi-level-marketing-is-not-a-business-its-a-pyramid-scheme/. I proceeded to ask him how he could make me a job offer without a resume and he gave a decent answer saying that he cares more about the character of a person and that a resume is just a piece of paper yada yada. A former agent at It Works, an MLM selling beauty and weight loss supplements, told her firsthand experience of the flawed structure: "We were negative $1,000 after 18 months. OK if that is the case then why are you driving a 1995 Toyota Civic AND why does your wife work FT AND he also had a PT job at GEICO!!!! I spend my time with people who show up. Another pause, then I saw his face relax a bit as he gave directions for the office and set up an interview for 6:30pm that night. Very very unprofessional company. A meet and greet with the manager and then into the position details. I wasnt amused. (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. You knowthat phone call that you set up when youre going on a date so that you have an easy escape if you need it?? I can see that people working for this company are preying on people who have not done their research. There were 10 or so young men dressed nicely milling around. Then he spent the next 5-10 minutes telling me that the company is called Primerica and what they do is sell life insurance, auto insurance, and help people with debt. Overall sounded ok but things started to not add up. When they first came I noticed his wife was wearing a dte coat, I asked jokingly what company is this opportunity with, Primerica or Dte? I started to say but I thought and my face must have conveyed my thoughts because he impatiently rolled his eyes and cut me off, lowering the mouthpiece slightly, look, were not supposed to, but Im here to run MY business and I know what gets results.. I knew to avoid them but because of how fast she mumbled the name i didnt research. 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. I swear it literally looked like an apartment building inside with rooms separated and a dark hallway. LOL Alex. From then he sent us to different people to ask us some questions. After dodging her for a few weeks I finally agreed and ate enough of the steam table food to be polite. Mary arrives and is her same cordial self. 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. So this nice, well-put together woman is kind of a nice change to talk to. Thank you all for this i guess i wont be going to that appointment today. I Googled the address and found out it was Primerica. He spoke and I listened. I have one question, how on earth such a place can exist for so many years, without drawing the attention of authorities? From that, I just wonder why he wants my wife to get involved on this.. Lol! You arent stupid or naive. It is simply bait to make a [possibly desperate] job seeker to show up for a potential job that doesnt exist. Go some place were you wont have to exploit people looking for a real job. I am not shown this. I asked his name, he says Fitzgerald, refused to give a last name. It is a pyramid scheme. Glad I didnt waste my time. They use the classic BAIT and SWITCH for everything they do. Primerica is an insurance company. Product Type: Insurance and investment products / MLM business opportunity. In fact, given his air of desperation in hard-booking like that, the evidence appeared to point to the contrary. Once the new recruits, the professional-looking man and a scared-looking, awkward young guy who looked about 20 and was wearing ripped jeans and left on a bicycle, had left, John was photocopying the paperwork to put in the mailbag for tomorrow. An office front is an office front, I thought. Should I in fact back out? He kept asking me weird questions and giving even weirder examples. They are lying.). 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. As always, researching before contacting is saving me from MLM opportunities/, I had a brief interview with a ( PRIMERICA REPRESENTATIVE ) , right from the start i saw the deceptive BS that they where trying to scheme up. I just received a voice message from Primerica, they had gotten my resume off of workone job site. he will help me get lower car insurance, maybe life as well. She has probably picked up by now that I am a liberal, so she starts emphasizing that she is a hippy and a Christian whose God loves everyone. She tells me an incredible story about her mom leading a march for gay rights and getting pelted with eggs and vegetables. This is where it got a bit fishy. Our conversation goes all over the place. I went to the orientation before with Primerica and discovered that it was a MLM. 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. I was also applying for jobs but for some reason I had chose not to go with this company. 28 Best Direct Sales Companies To Sell Products From Home [2023] She then insisted on calling me on Wednesday to remind me of the appointment and said I was lucky because the vice president would be there on Wednesday -_-. My time is precious and sitting down even to waste her time wont be worth it. Enter your User ID and click Sign On. Just needed to set up a time. When I stated that this was just short of a pyramid scheme and that my last interview with the company (5 years ago) resulted in someone wanting me to buy over $100 worth of licenses, they had nothing to say. They get lectures about how they can earn as much as 110% depending on production and promotion as Vice President. it takes 1 minute to call or text. Like the other RVPs were worse off for working with people who didnt have it. You have to have an insurance license to work. They have my info and address and all kinds of info will they use it against me if I dont work for them? I decided to see if Id be sucked into doing sales but it wasnt mentionedthough a lot of hinky things were. I said I dont have the money (but the back of my mind I know that it is already a scam). Turns out, surprise, she does the math and she is the same age as my mother and her daughter the same age as me. Glad I dug in deeper. she never asked for a resume or any back round on me never told me the name of the company until I asked her today . So consumers are overpaying, and likely buying the wrong products. 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. Were looking for someone to hire and train as a investment advisor for expanding finance department. I was contacted by someone from Freedom Financial Services out of Charlotte, NC. Her daughter has had rough luck a failed cornea transplant has left her half blind. 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. Ex boss is close with a bunch of guys who are all at Primerica around here. Now what?! Pyramid scheme type set up. Um And these were my thoughts. Then I looked up Primerica and this lovely blog popped up. I will not be following up with PFS. 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 I ended up seeking out one of the young men and telling him I was there for an interview with Mr. Blah Blah. Got a call from someone who said she was expanding her business in my state and is transferring from Texas and if I was interested in a business opportunity there. I walked into the office and was greeted by a receptionist in her mid 40s. I realized what it was after that meeting immediately. A phone call is more personal, and taking down someones number to give to ones own trainer is the model we use. Its not a business, its a scam. * Finally, does it have to have an hourly salary to be job? Ugh. What a shame. This affiliation between the two companies is one of the oldest partnerships inside the Primerica menu of products and is fairly popular. I am actually scheduled for an interview tomorrow which I intended to drive over 100 miles to. I should be filling out my own application. Deep down I felt angry.. what part of this was training to help ME? Is Primerica A Pyramid Scheme? (The Simple Truth) - I Hate Working One VP stated he made $21,000 last month. Another flyer announces two meetings. He has not even achieved the top position. 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. well I looked up pfs investments I didn`t see the address she had given me .then I looked up names I didn`t see her name under agents or anything . 4.) If you look at the market cap of Primerica, it is very small compared to Metlife, or even my regional bank of PNC.