With a very low ongoing or recurring cost, you are not going to be subjected to risk other businesses are subject to. The company has been in full operations for over 40 years, and it is well-regarded hence the positive rating on its products and services. This means you need to pass through some training before you are eventually signed up as a member. Save my name, email, and website in this browser for the next time I comment.
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My husband and Mike scheduled the meeting to take place in our home at PM on a week night. This was a bit unnerving because the meeting was originally presented as an informal favor for a friend. Mike and Carl the supervisor showed up on time and introduced their company: Primerica which neither of us had ever heard of. My husband and Carl made small talk while I puttered around in the kitchen making dinner. My husband made a few attempts to get the ball rolling by asking what sort of services Primerica provides, but Carl made it clear that he would wait until I was finished in the kitchen.
He continued on by showing us a series of statistics regarding consumer debt, insufficient retirement funds and scarce savings accounts. At this point, I stopped Carl and asked him what exactly he was trying to sell us. Life insurance? A career? Carl said that he could help us with all of those things, but he was mostly excited about offering us both career opportunities recruiting more people to work as recruiters.
He was able to tell us about a seminar the next night where we could learn more about Primerica, but that sounded like it was geared for recruiting employees as well. Unfortunately, the only literature Carl had in his big important briefcase on wheels was a scant brochure about career opportunities as a recruiter. All I can say is that after that meeting I know I never want to do any kind of business with Primerica. Everyone commenting here about Primerica can be classified into 5 main categories: 1.
The Skeptic 2. The Success 3. The Dreamer 4. The Professional 5. The Failure. This person thinks the proper and only way to be a success is by climbing the corporate ladder, landing a secure job that can be worked for years to pay for life, or by getting some kind of loan to start a business. The Skeptic is often a person afraid to take risks that may end in failure that often embarrasses him.
This person is most often a non-believer in the possibility that he could ever experience financial independence EVER in life. Successful MLM leaders are salespeople—any business owner is.
Business owners sell whatever product or service their business produces or provides. These people may also believe that such opportunities should not be extended to any and everyone.
The MLM Success believes that anyone willing to do what it takes can achieve financial freedom with the proper coaching, support and environment.
This majority of our society will dream on after attempts at financial freedom. But even a fortunate gambler wins sometimes. Supervisors, Managers, Directors, VPs, CEOs and ultimately Shareholders in public companies , are all compensated based on the performance of each level of employee in the corporation concerned. In regards to the costs involved with a would-be entrepreneur getting licensed, trained, etc. They try through formatted systems, but because of the mere nature of these organizations, efforts take on a life of their own.
Honesty is always the best policy; and honestly, many MLM opportunities such as the Primerica opportunity, do offer and result in financial freedom for many. Warren Buffet owns a few MLM companies. These are legally and intellectually astute organizations and people right? And why would established corporations partner with them to provide products to the public through such efforts?
People, the opportunities are legitimate in many cases, but folks have to realize that to own the opportunity to be successful and financially free, they have to own the opportunity to fail. Just make the best effort to involve yourself with the best guidance, support and environment you can, and bust your hump believing in you—the opportunity is genuine. I was contacted by a rep this past Tues. When I asked exactly what is the company about and what were they selling.
He went round and round the bin, up younder, and over the chicken coup. So his ambiguous response made me want to do some research on the net before our little interview. I thank all you guys for taking out the time to share your thoughts and comments. Now, I feel like I can make an intelligent decision as to what I need to do now. Thanks again. Wow you had a lot to say. Did you let it all out or did you leave somethings out?? You were asked to turn in your license??
That means you probably were doing something illegal or unethical.. Agents like yourself give us a bad name. You were not doing what was right for the people, I am glad you got punished. How hard is to educate clients on their needs and get paid on that? Well I guess it was really hard for you. Also, honestly do you really think if we were doing doing our clients wrong for 32 years our Government would not have closed us down already???
We are not a Mickey Mouse company that just started last year!! I have sat down with a lot of people and it feels great to be able to help them. When I graduated college I did not pick up a book for the life of me. Let me give you an idea of the books they recommend some leaders give them to their team. Tell me if these are harmful books that make us a Cult. Denis L. Cauvier and Alan Lysaght recommend to read it, especially page The Secret hmm this book is really bad watch out..
Success is not an Accident 4. Notes from a Friend by Anthony Robbins 5. Think and Grow Rich by Napoleon hill Excellent book to read 7. What to say when you talk to your self by Shad Helmstetter, Ph. I can go on and on. What was it this person complaining said.. Come on now!! It did not work out for you, move on. It does not work for everyone.
A lot of people think that you can come in and become an RVP over night. If you put in the time and effort you need to it will pay off. When you try to reinvent the wheel you will fall!! It is your own business so you have to put some work into it!! If you did not want to work and wanted to take advantage of people that is why they probably took your license away!!
I am glad you are no longer working with us. Ask someone to pay for the life, Health and Annuities license to see how much they have to pay. Hmm no brainer. For those of you who are here looking to see what people say, I have a piece of advice.
Have you ever read any review on something, lets say a movie review. They said it was the worse movie they have ever seen, the actors were horrible, it had no story line and so on. You did not go see the movie but then you saw it on video and you said to yourself what were these people talking about it was a Great movie.
What if it is true what we tell people?? I have taken financial courses in College I never heard of the rule of 72!!!
Or even better what if you do decide to make a career change and you do make it to RVP!! We forget sometimes with all the negativity of reality how to dream. We have to dig in deep in ourselves and find that child to be able to dream again.
To many of us are taking life tooooooo serious and remember life is to short. I am not telling you that you will become a millionaire here, but what if… What if you can dream again… What if you have an opportunity.. Just a small opportunity to add to your income.. But you leave with education about how to manage your money.. If you want to look at it in a different way.
Ask anyone, better yet go to college and ask them how much would a course in finances cost you. Do that instead of coming to work with us, not for us. See how that works out for you. Everyone who reads this really look inside yourself. Decide for yourself. If a piece of you says let me give it a try do it!! Sometimes those things do happen. Someone really angry because it did not go well for them tries to lie to other people to convince them this does not work. I have seen it work!!
It works if you work!! It is not easy. But remember the things worth fighting for are never easy!! My my my, you Primerica folks! Canceled conventions? Canceled company trips? I love the fact that Primerica is being scrutinized. That is as American as sunflower seeds are baseball. If you want to work your behind off and get paid what you are worth, Primerica is the place!
If you want to own your own business, Primerica is the place. If you want to be paid for training other people, Primerica is the place. Corporate America has a conflict of interest. Does your company want to pay you more or less? Do you have an opportunity to make as much as anyone if you work as hard as they do? Does your company have your best interest at heart or theirs? Is your company exclusive or inclusive? Ask Oprah how easy it was to make her money.
Primerica does not promise to make anyone rich tomorrow. They offer an opportunity. Go find out for yourself. Many seem to be good at listening, but how many are good at thinking? Thank you, thank you, thank you, for all the varied responses. Sorry to say my own cousin lead me there. I am not going to my interview today!
It is amazing, I had a visit from Primerica… put all the practices to work and low and behold, my house will be paid off in 10 years rather than I saved , in interest using their Knowledge that no other so called bonified company had done. All the other insurance companies ripped me for very little gain. I invested with primerica and though we all have taken losses, I still have well over my original monies invested.
Thank God for Art Williams in starting a company that truely cares for people that work hard and earn the income and not sure stand out there with their hand out for freebies. I have never been treated so lovingly and resepectfully as by this Primerica Company. No one has taught me so much about money and how it works. Go Primerica… a true American company of truth. If that was satire…well done.
If that was a serious attempt at a glowing endorsement of Primerica…it was still damn funny. How different is it from the company you work for? You have an organizational chart just like the MLM companies, but with different titles.
The difference is everyone in each level gets to make some money in the MLM companies for training people below them and help them achieve whatever goals they might have. Were you rewarded for training a new employee at your work?
Probably not. I am a demonstrator for a MLM company that sells rubber stamps and scrapbooking supplies. If I get people to sign under me, I get to make money off their sales for teaching, mentoring, and motivating them. If someone joins under them, then my downline will start making money, so on and so on.
The key is to present an opportunity for others to join something they have a passion. Mine is in crafts so I joined the rubber stamping MLM company.
If you believe you have the products that really help people change their lives, why not share it. Before dogging Primerica or any other MLM company, why not research deeper and see what their true intentions are.
From what I see, Primerica is in the business of selling insurances which everyone really needs, especially if you have a family. MLMs are not for everyone, just those who are tired of working for someone else and need an opportunity to start their own business and help others below them achieve their goals as well.
I just want to thank everyone for telling their stories. I was told it was a great opportunity and that it would change my life. Really guys how can any one read these false stataments and acusations and accually belive tham? Who pay you for writing it. Do you really know what you are writing about. What is wrong with MLM, specialy when the products are so good and competitive to all offered by banks, the idea of the company was to create competitive products to help people with their financial problems — and what is wrong in it?????
Is also something wrong that people they work in the company they have opportunity to earn money — you are funny!!! Beacouse other people in this industry they do not earning any money??? And what is wrong if one person use other people to earn money — is it something new or illegal???
Oh men you are so funny. Sorry I do not want to waste more of my time for such a demagogy. One more issue. Primerica is not a job opportunity, as many have emphatically said in defense. This is true. Unfortunately, there is the problem; it is often advertised as one.
Nobody wants to spend time and money driving to what they believe is a job interview when it really is a business opportunity with cost up front. I realize not everyone recruits like this but many do and so does the company.
If you have seen their job openings on job sites or have been called by them, this is not apparent. On the phone, they are unable to answer very simple questions that I would expect any other employer to answer if I was to ask about their company. The sad part is, this works against them. People then go on the internet, read blogs and have the negative feeling that they were being conned.
I, like most people without a suitable background, found it odd to be contacted for an opening based on my qualifications for a potential high paying job. The company needs to stop doing this, as it is subtly deceitful and in the end, is what helps give it a bad name. Hopefully Primerica reps will read this and not see this as a personal attack on them but as something to consider.
Every company can improve and they all have areas that need to be fixed. In my opinion, working on how the opportunity is presented would help their image and eliminate a lot of the complaints people have, as well as get more people to consider the opportunity.
A friend asked me to research Primearmerica and gave me your site. She now wants to get into an MLM as a result of being baited and switched by you into one of the scams you are promoting on the right hand margin of your site. Yes, I can block some, but there is a limit to that, and I exceeded the limit months ago.
I have Primerica term along with my wife — , for 20 years. We have home, auto, and investments with USAA. I checked out how Primerica and Farmers do business, it sounds very similar. Do other insurances agencies follow the same patterns — recruitment, commissions, etc? My guess is they are all very similar. But a real insurance agency is far different from the multi-level marketing model Primerica uses.
The biggest difference is that an insurance agency is actually focused on selling insurance, whereas the 1 focus at Primerica is recruiting new marks into the scheme. In a real insurance agency, the person who sells the insurance makes the bulk of the commission, as it should be. In Primeica, those above the seller collectively make much more off the sale than the actual seller.
This is common in all MLMs.. Tracy, do other insurance agencies recruit people to work with them? How can I find out what the commissions are for someone, both new and old, in the business? No one else. Not like the pyramid in Primerica or other MLMs which pay 8 to 10 levels. If you want to know that the commissions are in a real insurance agency, ask an insurance agent.
Thanks for the info Tracy. Hiring and recruiting sound synonymous. So what you are saying in terms of commission is: a new agent gets commission and the company Farmers for instance gets the difference.
Is that correct? What I said is that on the sale of insurance, the agent who sold it will get a commission, and the agency the agent works for may also get a commission. Tracy, your last response is vague. The agency might get a commission too. The agency might not. So for the third and last time, the person who sold the insurance policy will get a commission and the agency might get a commission. Tracy, you mentioned that you are not an insurance agent. How do you know how various insurance agencies operate in terms of commissions?
Mike — I know because I do work in the industry. Good luck finding the information you seek. Mike — It is possible for someone to do work in the insurance industry without working for an insurance agency.
So both of those statements are true. I do not work for an insurance agency, but I have done and still do work in the insurance industry. Suppose that Broker had 30 agents in their office.
Is it wrong for that broker to want to hire and train others and recieve a continuous stream of overrides? What is so wrong with that?
Sounds like a pretty good deal to me! Likewise, even if it were a little more expensive in some cases, so what! The benefits and features unique to Primerica Life Insurance are worth it! How about a Term policy that is guaranteed renewable till age Then invest the difference? Then guess what, if you want to be a messenger for helping others, you can join and get paid! Is that a good thing or a bad thing? Then guess what, if you train and develop leaders, the company will pay you a ton of money for helping families!
Is that good or bad! Nobody in Primerica gets paid for recruting. Paychecks are sent out when business is transacted! The problem with the commission structure in MLMs is that the person who actually sells the product or service is not receiving the bulk of it. Most of the commission is going to the upline who, in reality, had little or nothing to do with the sale. Tracy, In a typical corporate american job, the person who trains you usually does not make a higher salary than you, and in most cases they are the same level of employment as you.
Alot of the time, it is not even in their job description to train you, but they do it anyways at no additional cost. Primerica believes in rewarding their reps, and if you train someone, you deserve a portion of the commission too. Whats so wrong with that? Dont be mad because you are not gettin extra compensation for training someone. You also said that the upline has very little or nothin to do with the sale… well this may not be the case directly, but they did have alot to do with the sale indirectly.
Finally, you are wrong when you say that the money is made from recruiting because it is not. No money is made if there is no sales transaction. And there are not 8 levels of people being paid on one sale in the corporate world. In the real corporate world such as insurance or other commissioned sales the bulk of the commission goes to the actual sales person, with one or two others also being compensated.
Members are constantly searching for new recruits as the try almost always unsuccessfully to earn a living wage in Primerica. Also, in Primerica, it is not necesarily true that the bulk of the commission goes to everyone but the seller. Granted, sometimes it is the other way around, where the difference in commission is alot greater than wat the seller would make i.
If you are a newer rep, you cant expect to make as much as a 10 year seasoned vet, the same as if you are new on the job… u wouldnt expect to make more than the 5 year seasoned department manager, or the 30 year store manager, or anyone else above you that has been working alot longer. They do not pay you what you are worth, they pay based on the job position… therefore, you have no credibility.
They are going to pay her what a fryer makes… Therefore, you are being paid based on the JOB, and not what you can do, bring to the table, or anything else. At least with what we do as with any other commission job you get paid based on what you bring to the table.
If you slack and dont put in much work, then no you will not succeed in Primerica, or any other corporate commission jobs out there. But I know I work my butt off when I have a job, so I would rather work for a company that pays me for how much I put in than to work for someone in which I will only bring in the same paycheck regardless of how hard I work.
You foolish foolish man. They are into recruiting large volumes of competitors. And your analysis of the commissions is terrible. THAT is what I said, but you used numbers to address something completely different, while making it sound like you were disproving me. I never said the person at the top makes the bulk on each sale, just that the actual salesperson is not making the bulk of the commission on their personal sale.
The goal is for the rep to push these products in a "warm market," which includes your family and friends who you'd be more comfortable selling to. The rep receives a commission for these sales and his recruiter, recruiter's recruiter and so on all receive a portion of the sale.
Reps are encouraged to recruit more people to continue bringing in sales and revenue. All this information can be found in the "Business" section of the prospectus, beginning on page Hardly enough to do anything with let alone live on. Higher ups who run district sales offices are called RVPs or regional vice presidents. They make significantly more money. Primerica employs an tier upside system in which you get a kickback of commissions from your recruits, your recruit's recruits, and so on up until the 11th level.
This information can be found on page of the prospectus. It takes about seconds of Googling to reveal that there is widespread skepticism towards the company's business model. Primerica is Multi-Level Marketing No matter how many times representatives of Primerica say that the company is not an MLM, that doesn't change the fact that it is.
The company's website says bold added by me : Personal Income: Primerica has more than , representatives. Actual gross cash flow is, among other factors, dependent upon actual organization size, the number of sales and the override spread on each sale, and the ability and efforts of you and your downlines. There is no guarantee that you will achieve any specific cash flow level. Commissions are subject to deferred compensation account withholding and applicable taxes.
RVPs are responsible for their own business expenses and pay for all office expenses for their base shop representatives. The Company may from time to time modify, supplement or terminate any compensation program in any manner. What comes to mind when you hear of an MLM company? Perhaps you think of recruitment of individuals who sell goods or services on behalf of the company. However, they might deny it.
Every time you seek recruitment from an established business, you want to ensure it is legit. Wondering whether Primerica is legit or not? Primerica is a legit company. It has been in the business world for a long time now and has legitimate financial records too. For instance, it has set aside millions of dollars to settle cases.
In the year , it had lawsuits. This can surely make you have second thoughts about it. As you still debate on trying it or not, you can assure that Primerica has been in the business for far too long to be a scam. Getting involved in a business in which you are clueless about the products it sells can be a hassle. Therefore, staying informed gives you a measure of power.
These products each have different branches and options you can choose from. For instance, when dealing with financial investments, Primerica will offer you financial services. Therefore, Primerica does a lot, from selling insurance, debt products to investment. A Primerica agent deals in selling products such as mutual funds, annuities, and life annuities. Importantly, you need a license to represent the company and push its products in the market.
Every time you make sales and recruit new people, you get a commission. The more people you recruit, the more the sales and revenue. The most common way of making money online with Primerica is by selling insurance and earning a commission. Primerica provides its sales representatives with a wide range of products, including debt management, credit monitoring, and auto and home insurance.
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