A company that tries to recruit through tinder is only going to do what tinder was originally intended for. 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. I enter the building with a standard Primerica logo, inside its completely empty with only her and no receptionist. Wow. And I was like a job description of what Ill be doing and how the company works. 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. She asked me who I had been asked to interview with after I introduced myself. A pyramid scheme is a fraudulent and unsustainable investment pitch that relies on promising unrealistic returns from imaginary investments. There are too many of us out there that are unemployed and in search of a real job with steady income. LOL Alex. Ask God. There were a few guests, but I kind of nodded and said hi then left them to my much-wiser business mentor so that I not blow it by saying something dumb. 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. Thanks everyone for your honesty! She said she wanted to talk to me about something she & her boyfriend, someone I also know, were doing, and wondered if I would be interested in going to a little meeting at her office. I retired from a 20 year career in the U.S. Air Force in 1993. So excited that I had an interview yesterday!! About a week later she calls me. I feel more insulted then anything right now because I think the two I met were only there to seek for people. Long Term Care Insurance 5. Obviously the recruiter was being paid on some form of commission so the sooner she got me in the office the better. I googled ahead of time, but only really to find the place, which, like everyone elses experience around here, was on the outskirts of town in a rented building. My husband got upset since he was at work and called her back and said no thanks and she said that she could put her husband on the phone to talk to him and try to convince him, my husband heard him out and said no thanks again to which he tells me the man was not happy and cut him off and hung up on him. Everyone was extremely nice. Then I asked about the $99 asked of you when you interview and he laughed and said are you on Google? I was told that there are many positions to be filled and I am qualified for a top one. He was dodging and kept pushing the interview. Wheres the money? An mlm opportunity is not a pyramid scheme when it promotes and sells products or services, not just memberships. Primerica Compensation Plan How Much Does It Cost to Get Started on Primerica? Thats just the first of many. - The Anti-MLM Coalition, Primerica Financial Services: The Fake Job Interview, Jennifer McKinney Bankruptcy Round 2 and Round 3, Mary Kay Cosmetics: Destroying Half a Million Women a Year, The Pyramid Scheme Aspect of Primerica Financial Services, A Former Primerica Representatives Story, The Fraud of PrePaid Legal, Explained By a Former US Attorney. Ironic, since recent grads are the least likely to be able to afford to pay to get into this crap. Hadnt I just provided 5 local contacts? The evening eventually came to an end, and I watched John as he scored 2 new recruits. Therefore, before joining Primerica, you might pose and ask yourself if it is a pyramid scheme. Didnt alarm me as I never heard of Primerica. And since the beginning things felt off. I received a call today from a lady at Primerica, stating that someone referred me, & she would like for me to come in for an interview on Fridaybut when I asked who the person was that referred me, she couldnt give me a name. Like many before me, I posted my resume online for an employment opportunity. Here we go another scam, let me play along The gentleman got on the phone, I think his name was John, again muffled but I really didnt care what his name was, this wasnt going to last very long. Report investment scams to the right government agency. he will help me get lower car insurance, maybe life as well. He also told em they were looking for leaders and instructed me to call him to schedule a meeting. I am so ashame to be same species as John adison and glen williams . Each year, millions of people work hard in MLMs and do exactly as theyre taught, and they still lose money. So the First 20 minutes seemed normal, but then it got suspicious. They were put off because when they ask if anyone had any questions, I raised my arms and stated above. From then he sent us to different people to ask us some questions. The subject turns to travel. It is a horrible, horrible product for almost everyone, but that doesnt make it fraudulent. And he was on his phone during the interview and it just all seemed so fake and phony. After my daughter hung up the phone I received a call from the recruiter. According to their own reports, only 2.5% of their reps earn more than $36k/yr, tho even that pulls their stated average commissions down from $6k to less than $1k or less. I got suspicious after I asked her the company name and her voice sounded muffled everytime she said it. 3.) I already worked full time for a corporate company but just needed some side income. insurance MLM firm Primerica is a legitimate and long-established company. They use the classic BAIT and SWITCH for everything they do. You will lose the business and the friendship. mail or store pick up. This site and article is so retarded. But I guess well see what they do to me and all of my information. 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. I tried asking where they got my information from but they said they didnt have that information with them I have an interview tomorrow Not sure what to do HELP! LISLE IL. After reading the warm market info in the above posts, am kind of leary. Unlicensed workforce gets average 1,250 a year kickbacks from recruits and percentages from sales without license. I said to him I got a call for an internship two weeks ago but they never got back to me, so I was actually happy to have received that call from him. Its neither a retirement fund, nor life insurance. I almost felt like filing a complaint with the DuPage County States Attorney, at best make them aware. They are not now and I feel a offended that they would think I was interested in an MLM style business which I didnt find out until later. Wed discussed it before, and Id tried to suggest Vanguard for a 401k, as I was not familiar with Primerica. And many join daily as new agents. As I told others about my upcoming interview and was asked things like with who, I felt like an idiot realizing I wasnt given any basic details. 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 receptionist and her shared a vague facial resemblance. Looking for any advice to be offered before the impending interview.. Any company that loses over 220,000 reps/recruits per year (Can/US) either has a recruiting issue, or a job quality issue. 1.) Then i thought to myself who the hell asks for 25 names off your phone and debit card info in an interview? Its quite pathetic that all of us in the comments are forced to search out information on the web rather than hear it straight from the snakes that work for this company. At the time, the IRS called it one of the biggest Ponzi schemes it had ever investigated. I would not call it a scam, but they are overly persistent and do not take a hint unless you are forceful. So a woman called kim called and set up an interview with me in a city nearby. I ask because Primerica agents and Real Estate agents/brokers are both commission based but people have no problem with being a real estate agent right nor do they have any issues with purchasing homes that will most likely put them in HUGE debt. Sep 27, 2021 7 min Read . Hes spending more time getting me to do all this than he did explaining the actual job.. Would rather wait for another job. I have followed this blog for quite some time. I imagined some movies I have seen that resemble these behaviors that became movies because they didnt end well. She sits me down and she gives me usual scripted mumbo jumbo how Primerica gets people out of dept through education, and how their life insurance policy covers families and how I can make $1500+ only working about 15 hours a month. THATs owning your own business not this MLM stuff. The fact is, it takes a good person to spread good, there are many jobs out there that are good with bad people running, working for them. Tracy, I would be interested to hear any counsel you have for me, as I am planning to attend a Primerica information event for potential sales staffers 48 hours from now, BUT my circumstances differ from those of most posters above. He didnt even walk me to the door, shake hands with me, give me a business cardnothing! I told him I usually work in the summer but this summer didnt work out so I started taking some summer courses. When I told him I am no longer interested he kept asking me why and then called me arrogant. Its not for everyone! She told me that she was expanding her business, she worked in financial services, and was looking to hire people. . Finally he had a female associate call from a different number who told me I had been referred to her as a candidate from the man who approached me at Target. Rome wasnt built in a day. If it sounds too good to be true, mostly it is..Thank you again for posting! Please please please stay away from this scam!!! I didnt think much of it until I went inside. One can only hope they were having a dinner party in the back and not a Donner Party If this company asks you to come in for an interview, bear in mind they are only after your money. Al? she asked as she reached a chubby, wrinkled hand out to me. 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. A common line youll hear from Primericans is that, at the very least, they will offer you an inexpensive way to learn about the financial industry. How come they are doing it without getting punished? Ok guys,heres my story: I work two part time retail jobs and am seeking to leave both for one full time position. 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. PLEASE DONT GO. If you are looking to contact Primerica directly, call them at (800) 257-4725. 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. I told her the store and began to walk away until she stopped to ask me if I was currently employed. When I looked at the girls job title, I googled it and found this site. This is a good money maker for Primerica and the finance industry in general- all on the backs of reps. Glad I already have a good job! I love my job. The guy who stated the *69 comment, yes that does call back the last call, so why tell someone that you are blocking a call and why are you calling back a number that you already talked too?!?!? I had an interview yesterday, and went, mainly because I was contacted about a trainer position, not a sales agent position. In fact, the only thing I remember from that call was his saying Citi weird. I have never worked in the financial industry before so I did not know what to expect. She also had sold Avon at one time too. Pyramids are illegal and would NOT be listed on the NYSE. They didnt get my credit card info but they have my social security number and my other info. About 20 minutes later I received a phone at my job stating his name was David. It is a legit MLM business opportunity that has been around for more than 40 years, and it's possible to make real money if done right. Baffled, I shook my head. I was in Primerica back in the early 90s when it was called PFS (Primerica Financial Services). Multi-level marketing is not entrepreneurship. This was an immediate turn off for me. What it seems to be is actually a high interest line of credit. MLMs are legalized pyramid schemes. Nevermind they had all tacky, cheap, white trash decor. Primeamerica is a legit insurance company. 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. But for all of you out there who have fallen for this or maybe thinking about it, remember this, When a company asks you to pay for getting any piece of paper, fees, approaching you in odd places,etc., think before you leap, do your research for other companies selling the same product and see how it is or isnt done, then make up your own mind. And again, its only gross revenue and doesnt include the costs of doin business theyre all responsible for out of pocket! At school when were prepping for interviews, recruiters ALWAYS want a resume. February 27, 2023 alexandra bonefas scott No Comments . But like all of these MLM businesses, its not set up for money to be made through only selling the product. cattle calls they lie about and call job interviews. A pyramid scheme is an investment fraud in which new participants' fees are typically used to pay money to existing participants for recruiting new members. its a mess! He wasnt really giving me a clear description of the job, but I still heard him out. I had the same gut feeling to google and see if this was a real thing. I was at one of their interviews just a couple hours ago. Its based on any rep earning $100k DURING ANY BEST 12 MONTH ROLLING WINDOW during their entire careers. If you're familiar with MLM schemes like Primerica, Optavia, Evolution Travel, Beachbody & American Income Life they are pretty similar to Transamerica's MLM scheme. 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. 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? Many, many years ago, when it was A. L. Williams, I was approached, and even attended one of their informational sessions. I just hope it was a legit employee just trying to recruit more people. They told us how the head leader makes over $200,000 , but he comes in with a bag of mini candies passing out to only his team crew. MLM is: He mentioned the company would pay for license and classes and would like for me to start working part time for 5 hrs a week these next few months. I usually check into these things before setting up appointment or returning calls. The company's main product is Term Life Insurance. In this instance, it turns out that I did apply for a job with Primerica back in December (they had a job listing on my grad school career website). After I finished that, David came in and started his pitch. Just went to one of these sad displays lst night got dragged in by a friend. Very happy with Merryl Lynch, thanks. Primerica provides term life insurance at a price that's quite affordable to most families. 2. 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 -_-. For only $99 you can be licensed to sell insurance to others with us. We sell legit insurance, that either you already have, or might need at a price that is same or lower, with same or better customer service. Im not recruiting people into a pyramid scheme and praying that they recruit more so that I can make a few pennies. I actually figured out it was Primerica a few minutes later when I actually sat to think about it.