Primerica Financial Services - Research of its financial products and Business Opportunity, Primerica shows total commitment to resolve all issues and misunderstandings, committed to serving clients & agents Rip-off Report investigates and finds most of what is posted is ridiculous like this title, Primerica Financial Services - Traveler's Insurance, chanting Amen, perhaps comparing Primerica to a cult *UPDATE: Rip-off Report REVIEWexamines the Company and its record of service to consumers and representatives

I quickly reviewed most of the threads and found that you basically "live" on this website. Do you have any friends? Do you have a social life? Actually, you don't have to answer that becuase as evidenced on this website, you don't have a life at all. ahhh - how sad.

I bet that if you spent a quarter of the time that you spend on this website actually "helping your clients", you could actually retire in a couple of years. Well, unless you are salary, if you are, then I wonder if your boss knows how much time you spend "at your second home" while you should be actually working or maybe you get an incentive by "living" here, I don't know -- the only thing that I know is that you have a lot of time on your hands -- again, how sad :(

In fact, that reminds me, I have to go to work and since I don't get paid by "living" on this website and quite frankly, I have a career and family and friends, so I don't have time to "live" here so this is my last entry -- so Leroy, you don't have to respond to this because I won't be back, I have more important things to do with my time. But, of course you will respond because, again, you have no life.

To begin with if your portfolio was making 10-13% in the years leading up to 2000 it was underperforming. Secondly it would not have made 10-13% over the last 5 years, in fact in all liklihood it would have lost money so you should be thankful for the 3-5% return Western Soutern or whoever earned for you.

Lastly, you don't have to borrow your own money. Its obvious you have a varaible life policy. maybe your agent didn't explain this but you can take withdrawals from the cash value account which are not loans. Not only that on the moneys you do borrow it interest rate the company charges doesn't matter!!!! (that felt good after hearing 250 or so primericans say interest rates don't matter over the last few years).

The only thing that does matter is the NET INTEREST rate. You see when you take a cash value loan you aren't really borrowing your own money. The insurance company sends you THEIR money. YOUR MONEY stays in your account and earns interest. YOUR money is held as collateral for the loan. It goes out of the stock market and into a fixed interest account. In a large portion of variable life policies the amount of % you recieve on your money and the % charges ion their money are EXACTLY THE SAME!!!!
That would mean the NET INTEREST RATE would be zero. In almost all variable life policies the NET interest rate is lower than 2%. Maybe your isn't, I don't know.

What I do know is you're obviously a typical half trained primerica agent and you just got an education (from me) on how a variable life policy actually works.

About 5 years ago, I had an investment portfolio, I had a guy from Western Southern convince me to transfer the money in my portfolio into a life insurance policy!!!!!! What really ticked me off is that the guy lied to me and said that it was the same thing, but failed to tell me that I could not take my money out of the insuance policy until about 7 years later and they would CHARGE ME me 8% interest and fees to borrow MY OWN money!!!!! What kind of crap is that!!!!

Also, the insurance policy only accrued an average of 3%-5%, my portfolio was making about 10%-13%. Western Southern costed me several thousand dollars and I can't get that back --- ever.

So when you read "bad" things about primerica, please keep in mind that we NEVER did that kind of crap to anyone, in fact, as you know, we encourage people to invest in portfolios, not life insurance.

Bob,

It shouldn't be difficult to understand how a company can be bad for nearly 30 years and still be around. Amway has been in business for 40 years and they are still going.

A company may do many things that is unethcial (eg have reps lying to you that company is looking for manangers when in fact they are really looking people into a MLM sale), but as long as it is not doing anything illegal, the law can't shut it down.

People don't listen to Leroy or to anyone for that matter on the link!!! Logically there are very few people who will pay more than there monthly mortgage payment states. The rates may be a little higher but the reality is that the rate is not something that should be shopped for in a loan. I work for a mortgage company and we do not simply give clients the best rate. We give them what is essential for there lifestyle at that moment. It may not be correct either but Leroy seems to suggest that the american debt is a good thing when people can't save a dime today. If you run across someone from Primerica and you are in a debt crisis wouldn't it be worth exploring what they have to offer. Everyone wants to say it is to good to be true but no one wants to say it is to bad to be true. All of these people seem to say they are ex-employees but if a company was so bad and crooked than how would it be around for nearly 30 years? I don't understand that so if you could Leroy would you please explain the last part to me?

No question, no doubt, primerica loans cost the cosumer 10s of $1000s over the course of the loan.

Take the straw man argument of Simple versus Scheduled interest. Given equal interest rates it is correct simple interest saves money, HOWEVER, primerica rates run 1.5-2% higher than anyone else.
The net result is:
ALL the savings between simple and scheduled interest is made up in the lower cost loan in about 4 months. Every month after that the lower cost loan is saving the client literally hundreds of dollars over the primerica not-so-smart loan. Anyone professing to be a financial adviser who cannot see past company propaganda and make this analysis on his own doesn't deserve your business.

Bi-Monthly payments are no big deal. All they do is create 13 monthly payments a year thus accelerating the loan payoff. EXACTLY the same thing can be accomplished adding 8.33% of the principle and interest payment to each payment.
You don't have to get a bi-monthly payment plan from your bank, primerica or anyone else to shorten your loan. Just pay an additional $83 a month on each $1000 of your mortgage payment.

If you're too lazy to add the 8.33% to each payment yourself go to your bank and get a bi-monthly plan. Even if they charge you $395 to set it up, like my bank wanted to do, you'll make up the difference between that and a primerica loan in ONE MONTH.

On a $250,000 loan with EXACTLY THE SAME PAYMENT SCHEDULE, a primerica SMART loan that is 1.75% higher than a conventional loan will cost the consumer and about an extra $88,000 in interest
over the course of the loan.

By the way...the reason primerica doesn't charge mortgage insurance is that they more than make up for it by charging EVERYONE 1.75-2% more for the loan. That makes up for the defaults that mortgage insurance would have covered PLUS...now get this.............on a conventional loan with mortgage insurance once you have 20% equity in your home the mortgage insurance charge is dropped. On a primerica NOT-SO-SMART loan the interest rate is NEVER dropped. They get to keep charging 1.75% more until the loan is paid off.

Lastly....if your financial adviser cannot see past company propaganda to have made these analytical comparisons for you, they don't deserve your business.

I have spent the last hour or so reading all of these comments. Probably too much time but because I have family who works for PFS and have had my concerns for a while, I thought I should do some more research. What should I think? Well, first and for most, I was hoping to find out more specifics on the company. For example, how they get paid, exactly what do they get paid for, why do they need to recruit etc. These questions, I have been asking myself for along time.

I did have a chance to ask but I always came up short with answers. Because of my family being allowed, I spent a weekend at a convention of all PFS. WOW! The only thing I got from the weekend was vague answers. The whole time that I was there I felt uneasy, scouted by others, and it seemed like a cult. All of them could only talk about how much money so and so made. And what is with "the rings"?

For every $100,000 you earn, you get a ring with a diamond. Interesting, maybe even motivating. But when I met a couple who wore them on the their ring fingers, married to each other or PFS. I do have to say, I met alot of really nice people from around the world....and they were all there for free and getting lots of free stuff. Who doesn't like free stuff....but they could think about donating that money to important causes.

After the weekend I asked people around me if they had heard about the company....I either got laughs or plain look of your family is stupid.
Now in saying all this, I would like to remain optimistic that the people involved are good people doing the right thing. I am concerned with their promises of lots of $$$ and getting people that have very little experience in what they do/sell.

I have and will not have my family member work with me on insurance...I have a great experienced agent with a long standing reputation in the community. As for my mortgage, I associate very closely in the industry and my lender has a Master in Finance (I do believe in education for certain fields). My financial advisor has his degree in finance and works for a company that didn't show up on the BBB or this website. My family member only has the few classes PFS had him take....not enough for me. Call me an education snob but I wouldn't go to an M.D. who didn't have a degree.

In saying all that, I want all people to succeed and I am not quick to say "cimerica" but I am not an advocate.

When is enough enough? My family member works a ton of hours, for over two years, and still not making enough money to support his family. That concerns me. Why is this company still encouraging him to be apart of Primerica and not telling him to get a job that support his family. I feel that maybe he is not a match for what he is doing. But no one inside of this company is telling him to do anything else.
When in most jobs if you are not succeeding, you usually get fired or sent in a different direction.

As for so many people who have posted....do what you feel is right. If the company is so wrong it will prove itself someday but maybe it is a good company and you will have success.
Make your own decisions and not those who are jaded by anger....

I have spent the last hour or so reading all of these comments. Probably too much time but because I have family who works for PFS and have had my concerns for a while, I thought I should do some more research. What should I think? Well, first and for most, I was hoping to find out more specifics on the company. For example, how they get paid, exactly what do they get paid for, why do they need to recruit etc. These questions, I have been asking myself for along time.

I did have a chance to ask but I always came up short with answers. Because of my family being allowed, I spent a weekend at a convention of all PFS. WOW! The only thing I got from the weekend was vague answers. The whole time that I was there I felt uneasy, scouted by others, and it seemed like a cult. All of them could only talk about how much money so and so made. And what is with "the rings"?

For every $100,000 you earn, you get a ring with a diamond. Interesting, maybe even motivating. But when I met a couple who wore them on the their ring fingers, married to each other or PFS. I do have to say, I met alot of really nice people from around the world....and they were all there for free and getting lots of free stuff. Who doesn't like free stuff....but they could think about donating that money to important causes.

After the weekend I asked people around me if they had heard about the company....I either got laughs or plain look of your family is stupid.
Now in saying all this, I would like to remain optimistic that the people involved are good people doing the right thing. I am concerned with their promises of lots of $$$ and getting people that have very little experience in what they do/sell.

I have and will not have my family member work with me on insurance...I have a great experienced agent with a long standing reputation in the community. As for my mortgage, I associate very closely in the industry and my lender has a Master in Finance (I do believe in education for certain fields). My financial advisor has his degree in finance and works for a company that didn't show up on the BBB or this website. My family member only has the few classes PFS had him take....not enough for me. Call me an education snob but I wouldn't go to an M.D. who didn't have a degree.

In saying all that, I want all people to succeed and I am not quick to say "cimerica" but I am not an advocate.

When is enough enough? My family member works a ton of hours, for over two years, and still not making enough money to support his family. That concerns me. Why is this company still encouraging him to be apart of Primerica and not telling him to get a job that support his family. I feel that maybe he is not a match for what he is doing. But no one inside of this company is telling him to do anything else.
When in most jobs if you are not succeeding, you usually get fired or sent in a different direction.

As for so many people who have posted....do what you feel is right. If the company is so wrong it will prove itself someday but maybe it is a good company and you will have success.
Make your own decisions and not those who are jaded by anger....

I have spent the last hour or so reading all of these comments. Probably too much time but because I have family who works for PFS and have had my concerns for a while, I thought I should do some more research. What should I think? Well, first and for most, I was hoping to find out more specifics on the company. For example, how they get paid, exactly what do they get paid for, why do they need to recruit etc. These questions, I have been asking myself for along time.

I did have a chance to ask but I always came up short with answers. Because of my family being allowed, I spent a weekend at a convention of all PFS. WOW! The only thing I got from the weekend was vague answers. The whole time that I was there I felt uneasy, scouted by others, and it seemed like a cult. All of them could only talk about how much money so and so made. And what is with "the rings"?

For every $100,000 you earn, you get a ring with a diamond. Interesting, maybe even motivating. But when I met a couple who wore them on the their ring fingers, married to each other or PFS. I do have to say, I met alot of really nice people from around the world....and they were all there for free and getting lots of free stuff. Who doesn't like free stuff....but they could think about donating that money to important causes.

After the weekend I asked people around me if they had heard about the company....I either got laughs or plain look of your family is stupid.
Now in saying all this, I would like to remain optimistic that the people involved are good people doing the right thing. I am concerned with their promises of lots of $$$ and getting people that have very little experience in what they do/sell.

I have and will not have my family member work with me on insurance...I have a great experienced agent with a long standing reputation in the community. As for my mortgage, I associate very closely in the industry and my lender has a Master in Finance (I do believe in education for certain fields). My financial advisor has his degree in finance and works for a company that didn't show up on the BBB or this website. My family member only has the few classes PFS had him take....not enough for me. Call me an education snob but I wouldn't go to an M.D. who didn't have a degree.

In saying all that, I want all people to succeed and I am not quick to say "cimerica" but I am not an advocate.

When is enough enough? My family member works a ton of hours, for over two years, and still not making enough money to support his family. That concerns me. Why is this company still encouraging him to be apart of Primerica and not telling him to get a job that support his family. I feel that maybe he is not a match for what he is doing. But no one inside of this company is telling him to do anything else.
When in most jobs if you are not succeeding, you usually get fired or sent in a different direction.

As for so many people who have posted....do what you feel is right. If the company is so wrong it will prove itself someday but maybe it is a good company and you will have success.
Make your own decisions and not those who are jaded by anger....

I am a rep for PFS. I have had nothing but great experiences. I field train my downline and they get all commisions for everything they are licensed for. Once they obtain the correct license I code there client to them.

Our smart loan saves money, no doubt and no arguement. Every othe bank charges a monthly fee to make bi-monthly payments. Then even at bi-monthly they do not apply it the balance but once a month. We apply it as soon as it is made which lowers the principle amount from the get go.

Everyone on here says would you trust a PFS rep with your investments.... Well we turn the money over to the largest and most profitable investment firm in the world. We do not sit and control the money in any way. We have a program that the top advisement company in the world (morningstar) recommends for each client. So how can we go wrong??????

I have seen to many families helped to say this is a scam.

Not everyone can do this business, but I know it helps people

sales reps are independent contractors so no, they do not have benefits or a pension plan. Home office employees do.

i was very hesitent to write this but after much deliberation, i decided to give it a go.

i want to make it very clear, i have never been a client nor any professional relationship with primerica. in fact, i have run my own financial planning business and now am affiliated with a global (based in the US) fortune 100 company that works exclusively in financial services. i will not mention their name (though i am quite proud of that affiliation) because i dont want any misconception that i am trying to direct business to my company.

however, this is a letter primarily to those who WORK for primerica. sometimes you just dont know what you dont know. in my over 1 year of interviewing companies before selecting my current company, i interviewed (meaning i interviewed them) with about 2 dozen companies. here is what someone in financial services should know if they were looking for a reputable broker with who to affiliate.

1. in the financial services profession, there is no such thing as "up-line" or "down-line". if this is what you are looking for; Amway, Mary Kay, and Team America are standing by for your phone calls.

2. a supervisor of yours should NEVER share in or worse yet take commissions (or pay) from anyone who you brought to the table for an interview (by this i mean fact finding interview for professional financial services). supervisors first responsibility in this whole world is to help you be successful. NOT to live off the sweat of your brow.

3. training should be just that ... training. it can have motivational aspects of it but it is never motivational rah rah with some training tips mixed in. the training should be focused, documented, and based on your needs. eventually, you wont need to learn what a Roth is; it is time to teach you how to do a 412(i) plan.

4. anyone who tells you that only permanent insurance or only term insurance is the only way to go is incompetent. further, anyone who can only sell one not the other of these products is unable to act as a fiduciary for their clients. in fact, the ONLY way in the world to fund a 412(i) plan is WITH PERMANENT INSURANCE!!!

5. no reputable company will tie your commission break out to recruiting. while a company MAY provide you a finder's fee for recommending a quality candidate - how in the world can you recruit someone to do a job you yourself have no experience in???

6. if primerica's goal for only offering term is predicated on "buying term to invest the difference" then you really need to run your numbers. if you need short term protection then you must have short term insurance. if you are providing for long term needs, you need permanent insurance. now, this is a debate that you can have at length with someone other than me. but if you are a professional in this industry, RUN THE NUMBERS yourself. if you find that term is better for long term needs, you don't understand the numbers.

7. training at professional firms is run by professionals. in my company we have a primary trainer in the office who is backed up by additional staffs of offsite professionals. the off-siters come in to supplement training. here is the kicker - the trainers are paid by the company! they are on salary. they don't get an override on your sales and they under no circumstances take a "cut" of what you make - even if they conduct a whole appointment and product placement FOR you - they still take none of your earnings!

8. there is no "cost for training" like the $199 i hear bantied about. in fact, reputable companies will provide you study materials, classroom training, mentoring, and pay for your licensing. while i have a fair amount of knowledge about primerica, i dont fully understand this $199 thing so i am only commenting on what i have read on this site.

9. bulding your own business is not done on the backs of others you recruit. earlier in this thread i saw that someone said this is how you build a business - and that it can be done no other way!!! how wrong this is! first off, you build a business by helping people. when you bring value to their lives, they have more financial needs. you help them again. they refer you to others who are important in their lives and you add that family to your "book of business". it takes about 100-200 client families to have a mature practice. this mature practice (generally) will generate about $200K in annual gross pay to an advisor. THIS IS THE ONLY WAY TO BUILD A LEGITIMATE FINANCIAL PLANNING or ADVISORY BUSINESS. in my dinky little office i have one advisor who will make a million gross this year and several who will be in the $200K range. not a single one of them recruited anybody - ever!

10. reputation is everything. in the early period for our advisors, they are welcome to piggy back off of our reputation - which is stellar! it is stellar because we dont have 10,000 rip off reports about us; it is stellar because we don't get mongosso fines levied by the SEC and NASD or the state insurance regulators; and finally it is stellar because all of the outside independent rating agencies say it is. in very short order because of our training and mentoring system, our advisors have established their own personal reputation. and they NEVER have to worry about whether we as a company will sully them personally.

well, 10 is a nice place to wrap it up. remember, this is written to those who are employed by primerica. if you are a hard worker and are smart and really do enjoy helping people make dreams become reality - there are companies out there (many companies, not just mine) where these 10 points are truisms.

are they true for primerica?

Does this company offer its employees full benefits with a pension plan?

This business isn't for everyone, just like college. I too, am a college grad with a degree in Communications. Except for the financial aspect, it works for me because you have to talk to people and that's what I know how to do.

I've been with Primerica for a few months and for me, its all good. I didn't read all the responces because of time but there was one post that talked about the Term Insurance and how its an extra expense. Well, that is true but that goes for car insurance as well. People get that to protect their vehicle in the event of an accident. Our product essentially does the same. The purpose of offering Term is because it is cheaper. It may not be the cheapest but it's still cheaper compared to whole life and VUL policies.

Someone said that people don't save money. The money saved is the difference in cost of what they may be currently paying for a product they have.

Now, my upline is one of the best in this business. Yes, recruiting is stressed but not more than helping or should I say educating people about finances. Those who had a bad experience with a recruiter, sorry you feel that way. Not everyone is in this to just get paid. If people are at PFS just to get paid, they need to change their priorities. That can be applied to all jobs if you think about it.

I'm not in it to make loads of money because I know that will come from my hard work and I feel great when I show people that it's possible to accomplish dreams and there is a way for you to get out of debt.

Utimately, it's up to the client whether they want to purchase a product or not. I know I don't force something onto someone. I simply just show them that their are options. One of my teammates would tell a client that if their is a better product out there, go with that instead of ours. That shows that there are people in this industry that actually care about their clients. I think that is important in this business not matter who you work for is affliated with.

There are quite a few people who jumped the gun on PFS. Some knocked it without even trying. I know our office don't chant "AMEN". So I can see how that can freak you out.

For those who passed, that's fine. I honestly wish all those the best in life and in their future endeavors. God Bless!

A woman who is a close friend of my family is a Regional Vice President of Primerica. She recruited me due to my entrepreneural spirit. No disrespect to anyone but my close friend earn almost 80k annually. She do not have anyone working underneath her (I quit). Most RVP's earn over 100k. Her superiors often tell her, she's a hard worker but she needs to recruit people who will produce. Yes, they think they are helping people get out of debt. Yes, they can refinance your house. Yes, they offer life insurance. No matter how you view it, it's a sales job. Most Primerica agents are extremely inexperienced and are the bottom of the totem pole regarding finance. They do not keep up with market trends. As a primerica customer, once you enroll into a mutual fund, you are on your own! When the market is down, a REAL and experienced broker give u a heads up. Plus they give you alternatives. Primerica's main focus is to get as many customers as possible and recruit others into your pipe line. It's not exactly a bad thing if you are heavily into sales. Personally, I quit because if I work my butt off, why should everybody else reap the reward MORE than me? This is what happened:
I completed 6 SMART Loans within my first week. I submitted many more during the next few weeks. Cool. Was compensated between $600 - 820 for each loan because they only give u a percentage. Cool. The person who recruited me, received over $3000 for each loan. NOT COOL! I would not care if they received a fee for each loan I presented. However, they should not receive a hell of a lot more when I DID ALL OF THE WORK!THEY DID NOTHING EXCEPT HAVE ME PAY FOR A JOB! They gave me an award at the convention but they gave the person who recruited me an award too! Her award was based on number of loans within a certain time period. Most of them were my loans or referrals. My reason for quitting was because i was really upset someone else can earn more money and recognition for MY work. I felt like hurting someone. When you work hard, it's not fair for other people (your upline) to get compensated more than you. If they gave me the 3 grand and paid them the 600, I probably would've stayed. I do not mind them earning something, just not more than the person who served as the worker ant. My promotion should not automatically mean your promotion if you do not deserve it.

A woman who is a close friend of my family is a Regional Vice President of Primerica. She recruited me due to my entrepreneural spirit. No disrespect to anyone but my close friend earn almost 80k annually. She do not have anyone working underneath her (I quit). Most RVP's earn over 100k. Her superiors often tell her, she's a hard worker but she needs to recruit people who will produce. Yes, they think they are helping people get out of debt. Yes, they can refinance your house. Yes, they offer life insurance. No matter how you view it, it's a sales job. Most Primerica agents are extremely inexperienced and are the bottom of the totem pole regarding finance. They do not keep up with market trends. As a primerica customer, once you enroll into a mutual fund, you are on your own! When the market is down, a REAL and experienced broker give u a heads up. Plus they give you alternatives. Primerica's main focus is to get as many customers as possible and recruit others into your pipe line. It's not exactly a bad thing if you are heavily into sales. Personally, I quit because if I work my butt off, why should everybody else reap the reward MORE than me? This is what happened:
I completed 6 SMART Loans within my first week. I submitted many more during the next few weeks. Cool. Was compensated between $600 - 820 for each loan because they only give u a percentage. Cool. The person who recruited me, received over $3000 for each loan. NOT COOL! I would not care if they received a fee for each loan I presented. However, they should not receive a hell of a lot more when I DID ALL OF THE WORK!THEY DID NOTHING EXCEPT HAVE ME PAY FOR A JOB! They gave me an award at the convention but they gave the person who recruited me an award too! Her award was based on number of loans within a certain time period. Most of them were my loans or referrals. My reason for quitting was because i was really upset someone else can earn more money and recognition for MY work. I felt like hurting someone. When you work hard, it's not fair for other people (your upline) to get compensated more than you. If they gave me the 3 grand and paid them the 600, I probably would've stayed. I do not mind them earning something, just not more than the person who served as the worker ant. My promotion should not automatically mean your promotion if you do not deserve it.

A woman who is a close friend of my family is a Regional Vice President of Primerica. She recruited me due to my entrepreneural spirit. No disrespect to anyone but my close friend earn almost 80k annually. She do not have anyone working underneath her (I quit). Most RVP's earn over 100k. Her superiors often tell her, she's a hard worker but she needs to recruit people who will produce. Yes, they think they are helping people get out of debt. Yes, they can refinance your house. Yes, they offer life insurance. No matter how you view it, it's a sales job. Most Primerica agents are extremely inexperienced and are the bottom of the totem pole regarding finance. They do not keep up with market trends. As a primerica customer, once you enroll into a mutual fund, you are on your own! When the market is down, a REAL and experienced broker give u a heads up. Plus they give you alternatives. Primerica's main focus is to get as many customers as possible and recruit others into your pipe line. It's not exactly a bad thing if you are heavily into sales. Personally, I quit because if I work my butt off, why should everybody else reap the reward MORE than me? This is what happened:
I completed 6 SMART Loans within my first week. I submitted many more during the next few weeks. Cool. Was compensated between $600 - 820 for each loan because they only give u a percentage. Cool. The person who recruited me, received over $3000 for each loan. NOT COOL! I would not care if they received a fee for each loan I presented. However, they should not receive a hell of a lot more when I DID ALL OF THE WORK!THEY DID NOTHING EXCEPT HAVE ME PAY FOR A JOB! They gave me an award at the convention but they gave the person who recruited me an award too! Her award was based on number of loans within a certain time period. Most of them were my loans or referrals. My reason for quitting was because i was really upset someone else can earn more money and recognition for MY work. I felt like hurting someone. When you work hard, it's not fair for other people (your upline) to get compensated more than you. If they gave me the 3 grand and paid them the 600, I probably would've stayed. I do not mind them earning something, just not more than the person who served as the worker ant. My promotion should not automatically mean your promotion if you do not deserve it.

A woman who is a close friend of my family is a Regional Vice President of Primerica. She recruited me due to my entrepreneural spirit. No disrespect to anyone but my close friend earn almost 80k annually. She do not have anyone working underneath her (I quit). Most RVP's earn over 100k. Her superiors often tell her, she's a hard worker but she needs to recruit people who will produce. Yes, they think they are helping people get out of debt. Yes, they can refinance your house. Yes, they offer life insurance. No matter how you view it, it's a sales job. Most Primerica agents are extremely inexperienced and are the bottom of the totem pole regarding finance. They do not keep up with market trends. As a primerica customer, once you enroll into a mutual fund, you are on your own! When the market is down, a REAL and experienced broker give u a heads up. Plus they give you alternatives. Primerica's main focus is to get as many customers as possible and recruit others into your pipe line. It's not exactly a bad thing if you are heavily into sales. Personally, I quit because if I work my butt off, why should everybody else reap the reward MORE than me? This is what happened:
I completed 6 SMART Loans within my first week. I submitted many more during the next few weeks. Cool. Was compensated between $600 - 820 for each loan because they only give u a percentage. Cool. The person who recruited me, received over $3000 for each loan. NOT COOL! I would not care if they received a fee for each loan I presented. However, they should not receive a hell of a lot more when I DID ALL OF THE WORK!THEY DID NOTHING EXCEPT HAVE ME PAY FOR A JOB! They gave me an award at the convention but they gave the person who recruited me an award too! Her award was based on number of loans within a certain time period. Most of them were my loans or referrals. My reason for quitting was because i was really upset someone else can earn more money and recognition for MY work. I felt like hurting someone. When you work hard, it's not fair for other people (your upline) to get compensated more than you. If they gave me the 3 grand and paid them the 600, I probably would've stayed. I do not mind them earning something, just not more than the person who served as the worker ant. My promotion should not automatically mean your promotion if you do not deserve it.

First, I would like to thank everyone for posting their points of view, and their own personal experiences with Primerica. I have always found this website entertaining, as well as educational over the past 2 years. Now whether you're someone who likes Primerica or not, I feel that people need to know the facts. I'd like to take a moment to share with people what I wish I knew before I started.
You should know how you get paid whether you're already in the business, or are curious about joining. So, pay close attention for your own benefit.

It is true that everyone starts with a 25% contract for doing life insurance policies. Most of you are probably aware that most Primerica Representatives use a model of an annual premium of $1000. So let's start with that.
Here are the steps that will happen, and why people are generally surprised when they receive their first few checks.
1. You do a life application for an annual premium of $1000
2. 25% of $1000 is your cut which leaves you with a $250 commission. That's what most people think anyway.
3. You only get 75% of that commission right away which is $187.50 and will receive the remainder after the policy has been in effect for at least 9 months. Still, not a bad chunk of change to make right?
4. Your field trainer splits the commission when they go on appointments with you. So that $187.50 is now a whopping $93.75. Not all field trainers do this but you should all be aware that this is an option they have to take advantage of.
5. If the policy you get paid off of doesn't stay in effect for the first 9 months, you get what the company calls a chargeback. That means you either have to pay that commission back directly or have it taken out of your next check commission.

Now, even though most people are showed the example of a $1000 annual premium, the company uses an average annual premium of $700 in its literature. So, let's take a look at that now.

Annual Premium of $700.Your 25% cut is $175. Even though after having the policy in effect for 9 months you get the whole amount, you only get 75% of that right away which is $131.25. If your field trainer decides to split the commission which they are entitled to do, you will come away with $65.63

Assuming that some people don't make the average annual premiums, lets take a look at what will happen if you close a policy with an annual premium of $500 just to give you an idea of what a check of this sort would look like. A $500 annual premium at your 25% commission rate is $125. That means you will get the normal 75% upfront which is $93.75. If your field trainer goes on the appointment with you and chooses to use the split commission option, it will leave you with $46.88

Keep in mind splitting the commission and overrides are not one in the same. An override is the difference between what your commission rate is, and what your uplines is. The splitting commission's option is totally different. It is a way for the company to allow a field trainer to make some money while training new recruits. I think this may have been made available in the situation that someone other than you immediate upline takes you on an appointment. I could be wrong but that is my guess.

Make sure you find out the cost of all the licenses you wish the get. Always ask and make sure you find out about if and when they are due to renew, and how often. Plus, also find out how much the renewals will cost you. Certain licenses also require continuing education as well, so find out how many hours you need, and how much it will cost you. All of this stuff varies from state to state that's why I can't give specific amounts.

I just wanted to let you know that expenses in Primerica can rise quickly, so add all this to your $199 IBA fee and you can see what I mean. It all adds up, and does so quite quickly.

Whether you like or dislike Primerica, were or currently are involved in, or are considering joining, these are things you should know, and with all the expenses involved, I felt it was important to show you how a particular paycheck gets broken down. Apart from that, I feel it is also necessary to show you some other things that should come into play during your decision of whether or not to join this company.

1. Primerica has over 100,000 licensed representatives.
2. Primerica estimates an annual (2006) payout of close to $650,000,000
3. If you do the math, that means an average payout of $6,500 to each licensed representative

That's not a whole hell of a lot of money to go around. The sad part is I don't think that is even an accurate description of what people can expect to make in this company. Let me tell you why. First here are the numbers Primerica uses for there opportunity night business overview.

Here's what Primerica states:

Personal Income Reps
$50,000 - $99,999 4,789
$100,000 - $999,999 2,084
$1,000,000 - $1,999,999 37
$2,000,000 - $4,999,999 16

To get e real estimate of what people are to expect to earn with this company, take a nice hard look at these numbers. If we go by the model of 100,000 licensed representatives that means only 6,926 people out of over 100,000 make more than $50,000. That's only 6.93%. Now I did some calculations to estimate the amount of money to be paid out. Assuming that in all the income ranges that people only made the minimums (i.e. 50,000, 100,000, 1 million, 2 million. I used these values because even at 10% of the income ranges listed in the table will pass there budget) the annual personal income distributed to the top 6.93% is $516,850,000. That is 79% of Primerica's $650,000,000 distribution!! The remaining $133,150,000 is left to split among the other 93% of the company!! That means that the other little over 93,000 people would get an average of $1431.72 each.

Really take the time to take in this information before you decide whether or not to join this company. It requires a lot of time and commitment. So before you get all psyched up about how much money you were told you can make, be aware of how little you can make as well. I'm not here to tell you whether or not you should join this company or not, or tell you whether or not you can be the next millionaire. I'm simply putting out the facts, and letting you make your own educated decision. Don't be afraid to ask your interviewer questions, you deserve to get the answers you desire. I hope this was as of some help to whoever reads this.

Yes, I guess I probably do have a prejudice, but when I ran across a couple "planners" from Primerica they had neither a General Registered Representative License (Series 7) nor were Certified Financial Planners. This tells me they were neither "planning" nor "advising". As I mentioned in my first sentence, I have both of these credentials, and more, so I am probably unfairly biased. I know I wouldn't let any of my frinds or family work with them...

Ladies and Gents,

I had the pleasure of taking part in the Primerica "experience" last night. I was quite pleased to find that it wasn't a "rip off" scheme but rather a RIP OFF/PONZI SCHEME that promised to only take 1 hour and ended up wasting 3!

RUN FAR AWAY FROM PRIMERICA!!!!!

My reasons?

A) The rep. was thrilled to teach me the Rule of 72. Hmm, sorry lady my dad is a CFP (see: CERTIFIED FINANCIAL PLANNER) and has a FINANCE degree so I learned about the rule of 72 in second grade when we started division! Furthermore I took ONE basic accounting class in college and the rule was further drilled into our heads! So, yeah already know it, so you need not make a pathetic attempt to "impress" me with it. Although kudos for telling me I was the smartest person you had met with--I am smart although I assume you made this comment in yet another pathetic attempt to get me to sway.

B) I'm so glad that you can get your securities license in a month--it's not that difficult. However, it saddens me to see that you think this is acceptable for you to sell insurance and securities with little education (other than your cult like "trainings") to validate what you are selling. These are people's lives, do not fool yourself into thinking you know what you are doing because you passed the easy insurance test and paid some company $200k.

C) MOST FINANCIAL PLANNERS DO A NEEDS ANALYSIS COMPLIMENTARY TOO! So what is the deal with saying that these cost thousands of dollars? Did I mention my dad is a CFP!!!

D) We target middle class Americans . . . blah, blah, blah. No you don't, you target Americans that are lower middle class in hopes that you in turn can get their hopes up and have them sign over $200 plus monthly "investments".

E) Your term life insurance policies rank the 3rd highest in the country!

F) Your "retirement savings plans" i.e. the annuities and mutual funds you con people into have the highest maintenance fees and the highest percentage fees that I have ever seen! They're higher than my insurance companies!! Which by the way is too high ($30 annual fee, plus a total of 2.6% maintenance fees!!)

G) I tell you I am scheduled to take my LSAT's in a few weeks and your response is that I should cancel? Are you seriously that caught up in this Ponzi scheme?

H) You state that attorneys are the most destitute class of workers in the world? Again, are seriously that caught up in this scheme?

I) My college education is too expensive? Well, thank you very much I happen to quite enjoy the fact that I am college educated and attempting to be able to pursue a law degree. In reality, there are less opportunities for non educated individuals to make the same amount of money in the same jobs as educated people. Do not criticize my education I work d**n hard balancing 40+ hours of work owning a business with my husband, two children and a full time college schedule!

J) Family is number one to me--my children and husband, so exactly why would I want to waste 10+ hours a week at night to make pennies on the hour? Yes, okay I slightly overexaggerated the pennies portion, however you see my point.

K) If this was all it took for alot of people to get suckered into this scheme than I feel bad--we should have a financial education class in high school, but oh well . . .

L) No dearie, you are not the largest company in the world and you do not make profits of 1.5 trillion dollars. Hon, your company is a SUBSIDIARY of Citigroup. Did you happen to realize that most "parent" companies use subsidiaries to limit their risk in the "child" company? Hmm, yeah Primerica has alot of risk . . .

M) Finally, as mentioned previously in many other posts, if a Google search is done on "Primerica" or "Primamerica" the first 5 out of 10 search results are from ripoffreport.com. Doesn't this say something to you?

Oh, and it is totally a cult--and the only thing that I want to be 'religious' about is God. And I am sure that other religious persons--regardless of religion--feel the same about their beliefs!

I was fooled into thinking I could make an extra $1000-1500 per month part time. I was approached by a person named James at BestBuy. I was told I could earn some extra money part time (not being told it was commission). Assuming it would be a salary based job, I went to their "meeting". I thought I would be the only one being interviewed...on the contrary, I showed up and at least 10 other people were there.

I showed up in a suit and tie while others showed up in jeans and more casual wear. Their "office" if you want to call it that is and was located behind Meineke of all places. It is a legitimate opportunity, however only a few make it to the top. They can promise you a 1,000-1,500 per month when in reality you'll spend that much on gasoline to get to their office before you make any real cash.

Oh yeah, and James also known as Jimmy told me the interview/meeting would be held closer to my house...at the last minute he changed the location to somewhere 45 minutes away. NOT CONVENIENT. And he wasn't even there for the meeting; some guys were there to explain the "opportunity".

I know I should have thrown up a red flag but might as well just go to see what they had to offer. I've only been with the company a week or two, and after reading the reports on this company I will not be going back to the office. I'll also attempt to recover the $199 bogus charge that I should have never given them. Good day to you all and stay away from this horrible company.

Well, obviously God should be the main focus in the business world. However, using God's name to make a business look better is actually disobeying one of the Ten Commandments. Using God's name in vain is anything from cursing or using His name falsely to the better of a dishonest act or business.

So to comment on Primerica using God's name as a "hook" to join, is not only rediculous, but morally wrong.

Just be honest and say "money" is your reason for what you do, not "God". Any person believing God is the reason for working would be ignorant.

Primerica is more complicated to understand than most financial companies. Their training is unorthodox, allbeit neither bad or wrong. You get to interact with many people from many companies in the financial services buisness, and I've met many Primerica Reps and I have been impressed with their zeal and their passion. There are many hard-workers in that company. The main problem is that they don't employ many full-time professionals they employ a lot of part-time folks. Now I have no doubt that nearly everyone in their organization wants to help people. The problem is that they don't have the tools, training, and education to do so. Financial advising is not the same as selling Tupperware or Avon. Almost anytime you place life insurance with a family is a good thing. Here are my problems with Primerica:
1. How can a Primerica Rep immediatelly recruit others to work under them? They haven't been trained or educated? How are you going to do right by your friends, family, and neighbors if you don't know what you're selling?
2. If your target market is 25-45 with families, why don't you sell disability insurance? The odds are 2:1 that someone becomes disabled rather than die.

3. If your target market is 25-45 low-income why does your company sell long term care? I've talked to Primerica reps and they don't do estate planning, so why would you sell long term care to seniors without being able to place whole-life insurance for burial expenses or whatever else their heirs may have.
4. To say term insurance is always the best is as silly as a company like Northwestern Mutual saying that whole life is always the best. There is a different solution for every situation. Primerica doesn't give their agents the tools to solve those problems.
5. Most of the time Primerica Reps are not planners, they are product peddlers. Now almost anytime you place life insurance with a family its a good thing, but Primerica isn't doing comprehensive planning and covering all the bases, and I feel that's irresponsible if you're going to put yourself out there as a financial professional.

6. Financial advisors selling mortgages? That is nonsense. What are you trying to accomplish by selling mortgages, you can refinance through a bank. People aren't asking you to be their banker, they want some help with their insurance, investemnts, and estate planning. At least that's what I find.

If you are serious about being a financial advisor, I'm not saying Primerica is a bad place to start, but be careful about what you do for people, because you can create more problems than solutions. This is a serious business and while Primerica Reps may be as committed as anyone else out there, they don't have the education, training, or products to truely do comprehensive planning, and that's dangerous both to the client and Primerica Reps when they find out what they've done to their friends and family.

If some Primerica Reps are truely interested in being a financial advisor, I'd like them to read about Joe Jordan at Met Life or John McTigue at Northwestern Mutual, Wayne Cotton, or Mitch Anthony. It will open your eyes. No other company generates this level of controversy. New York Life, AFLAC, Ameriprise, Mutual of Omaha, Northwestern Mutual, Banker's Life, Met Life, American General, A.G. Edwards, Piper Jaffrey, Edward Jones, American Family, Thrivant, none of them have so many claims of fraud and misconduct. Primerica is not the place for people serious about being financial advisors. I'd look to their recruiting. They don't want someone that has worked at any of the companies above. Why wouldn't an insurance and financial services company want to recruit people with experience? Because they can't be exploited.

Primerica is more complicated to understand than most financial companies. Their training is unorthodox, allbeit neither bad or wrong. You get to interact with many people from many companies in the financial services buisness, and I've met many Primerica Reps and I have been impressed with their zeal and their passion. There are many hard-workers in that company. The main problem is that they don't employ many full-time professionals they employ a lot of part-time folks. Now I have no doubt that nearly everyone in their organization wants to help people. The problem is that they don't have the tools, training, and education to do so. Financial advising is not the same as selling Tupperware or Avon. Almost anytime you place life insurance with a family is a good thing. Here are my problems with Primerica:
1. How can a Primerica Rep immediatelly recruit others to work under them? They haven't been trained or educated? How are you going to do right by your friends, family, and neighbors if you don't know what you're selling?
2. If your target market is 25-45 with families, why don't you sell disability insurance? The odds are 2:1 that someone becomes disabled rather than die.

3. If your target market is 25-45 low-income why does your company sell long term care? I've talked to Primerica reps and they don't do estate planning, so why would you sell long term care to seniors without being able to place whole-life insurance for burial expenses or whatever else their heirs may have.
4. To say term insurance is always the best is as silly as a company like Northwestern Mutual saying that whole life is always the best. There is a different solution for every situation. Primerica doesn't give their agents the tools to solve those problems.
5. Most of the time Primerica Reps are not planners, they are product peddlers. Now almost anytime you place life insurance with a family its a good thing, but Primerica isn't doing comprehensive planning and covering all the bases, and I feel that's irresponsible if you're going to put yourself out there as a financial professional.

6. Financial advisors selling mortgages? That is nonsense. What are you trying to accomplish by selling mortgages, you can refinance through a bank. People aren't asking you to be their banker, they want some help with their insurance, investemnts, and estate planning. At least that's what I find.

If you are serious about being a financial advisor, I'm not saying Primerica is a bad place to start, but be careful about what you do for people, because you can create more problems than solutions. This is a serious business and while Primerica Reps may be as committed as anyone else out there, they don't have the education, training, or products to truely do comprehensive planning, and that's dangerous both to the client and Primerica Reps when they find out what they've done to their friends and family.

If some Primerica Reps are truely interested in being a financial advisor, I'd like them to read about Joe Jordan at Met Life or John McTigue at Northwestern Mutual, Wayne Cotton, or Mitch Anthony. It will open your eyes. No other company generates this level of controversy. New York Life, AFLAC, Ameriprise, Mutual of Omaha, Northwestern Mutual, Banker's Life, Met Life, American General, A.G. Edwards, Piper Jaffrey, Edward Jones, American Family, Thrivant, none of them have so many claims of fraud and misconduct. Primerica is not the place for people serious about being financial advisors. I'd look to their recruiting. They don't want someone that has worked at any of the companies above. Why wouldn't an insurance and financial services company want to recruit people with experience? Because they can't be exploited.

Primerica is more complicated to understand than most financial companies. Their training is unorthodox, allbeit neither bad or wrong. You get to interact with many people from many companies in the financial services buisness, and I've met many Primerica Reps and I have been impressed with their zeal and their passion. There are many hard-workers in that company. The main problem is that they don't employ many full-time professionals they employ a lot of part-time folks. Now I have no doubt that nearly everyone in their organization wants to help people. The problem is that they don't have the tools, training, and education to do so. Financial advising is not the same as selling Tupperware or Avon. Almost anytime you place life insurance with a family is a good thing. Here are my problems with Primerica:
1. How can a Primerica Rep immediatelly recruit others to work under them? They haven't been trained or educated? How are you going to do right by your friends, family, and neighbors if you don't know what you're selling?
2. If your target market is 25-45 with families, why don't you sell disability insurance? The odds are 2:1 that someone becomes disabled rather than die.

3. If your target market is 25-45 low-income why does your company sell long term care? I've talked to Primerica reps and they don't do estate planning, so why would you sell long term care to seniors without being able to place whole-life insurance for burial expenses or whatever else their heirs may have.
4. To say term insurance is always the best is as silly as a company like Northwestern Mutual saying that whole life is always the best. There is a different solution for every situation. Primerica doesn't give their agents the tools to solve those problems.
5. Most of the time Primerica Reps are not planners, they are product peddlers. Now almost anytime you place life insurance with a family its a good thing, but Primerica isn't doing comprehensive planning and covering all the bases, and I feel that's irresponsible if you're going to put yourself out there as a financial professional.

6. Financial advisors selling mortgages? That is nonsense. What are you trying to accomplish by selling mortgages, you can refinance through a bank. People aren't asking you to be their banker, they want some help with their insurance, investemnts, and estate planning. At least that's what I find.

If you are serious about being a financial advisor, I'm not saying Primerica is a bad place to start, but be careful about what you do for people, because you can create more problems than solutions. This is a serious business and while Primerica Reps may be as committed as anyone else out there, they don't have the education, training, or products to truely do comprehensive planning, and that's dangerous both to the client and Primerica Reps when they find out what they've done to their friends and family.

If some Primerica Reps are truely interested in being a financial advisor, I'd like them to read about Joe Jordan at Met Life or John McTigue at Northwestern Mutual, Wayne Cotton, or Mitch Anthony. It will open your eyes. No other company generates this level of controversy. New York Life, AFLAC, Ameriprise, Mutual of Omaha, Northwestern Mutual, Banker's Life, Met Life, American General, A.G. Edwards, Piper Jaffrey, Edward Jones, American Family, Thrivant, none of them have so many claims of fraud and misconduct. Primerica is not the place for people serious about being financial advisors. I'd look to their recruiting. They don't want someone that has worked at any of the companies above. Why wouldn't an insurance and financial services company want to recruit people with experience? Because they can't be exploited.

Primerica is more complicated to understand than most financial companies. Their training is unorthodox, allbeit neither bad or wrong. You get to interact with many people from many companies in the financial services buisness, and I've met many Primerica Reps and I have been impressed with their zeal and their passion. There are many hard-workers in that company. The main problem is that they don't employ many full-time professionals they employ a lot of part-time folks. Now I have no doubt that nearly everyone in their organization wants to help people. The problem is that they don't have the tools, training, and education to do so. Financial advising is not the same as selling Tupperware or Avon. Almost anytime you place life insurance with a family is a good thing. Here are my problems with Primerica:
1. How can a Primerica Rep immediatelly recruit others to work under them? They haven't been trained or educated? How are you going to do right by your friends, family, and neighbors if you don't know what you're selling?
2. If your target market is 25-45 with families, why don't you sell disability insurance? The odds are 2:1 that someone becomes disabled rather than die.

3. If your target market is 25-45 low-income why does your company sell long term care? I've talked to Primerica reps and they don't do estate planning, so why would you sell long term care to seniors without being able to place whole-life insurance for burial expenses or whatever else their heirs may have.
4. To say term insurance is always the best is as silly as a company like Northwestern Mutual saying that whole life is always the best. There is a different solution for every situation. Primerica doesn't give their agents the tools to solve those problems.
5. Most of the time Primerica Reps are not planners, they are product peddlers. Now almost anytime you place life insurance with a family its a good thing, but Primerica isn't doing comprehensive planning and covering all the bases, and I feel that's irresponsible if you're going to put yourself out there as a financial professional.

6. Financial advisors selling mortgages? That is nonsense. What are you trying to accomplish by selling mortgages, you can refinance through a bank. People aren't asking you to be their banker, they want some help with their insurance, investemnts, and estate planning. At least that's what I find.

If you are serious about being a financial advisor, I'm not saying Primerica is a bad place to start, but be careful about what you do for people, because you can create more problems than solutions. This is a serious business and while Primerica Reps may be as committed as anyone else out there, they don't have the education, training, or products to truely do comprehensive planning, and that's dangerous both to the client and Primerica Reps when they find out what they've done to their friends and family.

If some Primerica Reps are truely interested in being a financial advisor, I'd like them to read about Joe Jordan at Met Life or John McTigue at Northwestern Mutual, Wayne Cotton, or Mitch Anthony. It will open your eyes. No other company generates this level of controversy. New York Life, AFLAC, Ameriprise, Mutual of Omaha, Northwestern Mutual, Banker's Life, Met Life, American General, A.G. Edwards, Piper Jaffrey, Edward Jones, American Family, Thrivant, none of them have so many claims of fraud and misconduct. Primerica is not the place for people serious about being financial advisors. I'd look to their recruiting. They don't want someone that has worked at any of the companies above. Why wouldn't an insurance and financial services company want to recruit people with experience? Because they can't be exploited.

Over the weekend a friend of mine attended one of these seminars in Halifax, NS. I took it upon myself to look into this Primerica to see for myself how much truth thier is to this company.
My comment is in response to Matthew - Rancho Cucamonga, California
U.S.A., posted Submitted: 10/18/2006 10:56:00 PM Modified: 10/18/2006 10:56:00 PM
You stated
" QUESTION*** why does crimerica deceptively recruit for "management positions because we are expanding in your area"?

ANSWER*** Personally I have never heard of anyone in Primerica recruit for "MANAGEMENT" positions because there is no such thing. However, we are ALWAYS recruiting in your area because there is a HUGE need for what we do"

Well I just want to let you know that this was the first thing said to my friend about Primerica, that we are looking to expand to your area, and we are looking for you to be the manager to run the new store.

So I will be printing off this comment so she can see the first of many lies that were told to her by a "Primerica Representative" as per your quote above " there is no such thing "

Thanks for making it easy

Karen
Nova Scotia

Hello, this is my first time posting here. I have been reading all the reports on Primerica for a few months now and I think its time for me to put in my 2 cents. I used to work for primerica.

I joined back in 2004 after a recruiter would not stop calling me for 2 weeks straight. I finally joined and decided to give it a try (it looked good). Never did I think I would be forced to go to so many meetings where all they talked about was money money money. The "we help people become debt free and financially independent" is so cliche. They sweet talk you, "you going to be helping people", "imagine what a friend would think when you help him out".

Anyway, I got "trained" got 2 licenses and basicaly used up all my warm market in those training appointments. Why did i do that? Because my "trainer" would not go out with me if i did not make appointments. ( This is when i started noticing things)."Our FNA is free and complimentary", ofcourse its free it only take 2 seconds to do it on the computer.

A lot of banks and financial institutions offer the same exact service and with more options. Most of the sales were completely forced and i was never able to get refferals because of that. Good thing i had good credibility with my friends and family and didnt make a fool out of myself.

After the last sale, i was not happy the way it went so i decided to just take some time off from the business, it was just too much. During this time i started noticing that my upline was not doing business anymore, then i come to find that he was doing fraudulant things and got terminated. So that made me think, oh let me give this one more try, maybe it was my trainer that was messing things up for me.

I was then direct downline to a regional vice president (mind you this guy is making 600k a year). We went out on a couple of appointments and he did not close 1 sale. And for every time we didnt close there was an excuse, "oh they were panzies" , or "they were not the right market". Mind you, i was taking them to people that were well off. So I kept trying and then a few month later I see that my old trainer is back.

What kind of reputable company hires back a person that was once a possible huge liability for them?. At that point I was very upset and realized that thats not where I wanted to be. At this point also ALL my recruits quit because they were also being trained by my orignal upline because I was not trained enough to go out with them. Something was wrong.

Well to make the long story shor,t 18 months later after struggling and actually giving it a try I let it go. I noticed that a lot of people that were actually joining were people that had no other chance in life. Primerica was their last and only chance. I didn't belong in that group. I knew my education was important and Primerica also consistantly in these meeting kept bringing education down and how it "only takes heart" to win no matter your education or background. I can go on and on.

All in all i think like me there are tons of people and the odds of making it in Primerica are 2%. We have more of chance in openning our own business, although primerica insists otherswise. There is probably lots of things i left out, but in a nutshell, it was a good learning experience, would i recommend it? probably not unless you are in the hole and dont mind ripping people off especially with that S.M.A.R.T loan. That is all.

Hello, this is my first time posting here. I have been reading all the reports on Primerica for a few months now and I think its time for me to put in my 2 cents. I used to work for primerica.

I joined back in 2004 after a recruiter would not stop calling me for 2 weeks straight. I finally joined and decided to give it a try (it looked good). Never did I think I would be forced to go to so many meetings where all they talked about was money money money. The "we help people become debt free and financially independent" is so cliche. They sweet talk you, "you going to be helping people", "imagine what a friend would think when you help him out".

Anyway, I got "trained" got 2 licenses and basicaly used up all my warm market in those training appointments. Why did i do that? Because my "trainer" would not go out with me if i did not make appointments. ( This is when i started noticing things)."Our FNA is free and complimentary", ofcourse its free it only take 2 seconds to do it on the computer.

A lot of banks and financial institutions offer the same exact service and with more options. Most of the sales were completely forced and i was never able to get refferals because of that. Good thing i had good credibility with my friends and family and didnt make a fool out of myself.

After the last sale, i was not happy the way it went so i decided to just take some time off from the business, it was just too much. During this time i started noticing that my upline was not doing business anymore, then i come to find that he was doing fraudulant things and got terminated. So that made me think, oh let me give this one more try, maybe it was my trainer that was messing things up for me.

I was then direct downline to a regional vice president (mind you this guy is making 600k a year). We went out on a couple of appointments and he did not close 1 sale. And for every time we didnt close there was an excuse, "oh they were panzies" , or "they were not the right market". Mind you, i was taking them to people that were well off. So I kept trying and then a few month later I see that my old trainer is back.

What kind of reputable company hires back a person that was once a possible huge liability for them?. At that point I was very upset and realized that thats not where I wanted to be. At this point also ALL my recruits quit because they were also being trained by my orignal upline because I was not trained enough to go out with them. Something was wrong.

Well to make the long story shor,t 18 months later after struggling and actually giving it a try I let it go. I noticed that a lot of people that were actually joining were people that had no other chance in life. Primerica was their last and only chance. I didn't belong in that group. I knew my education was important and Primerica also consistantly in these meeting kept bringing education down and how it "only takes heart" to win no matter your education or background. I can go on and on.

All in all i think like me there are tons of people and the odds of making it in Primerica are 2%. We have more of chance in openning our own business, although primerica insists otherswise. There is probably lots of things i left out, but in a nutshell, it was a good learning experience, would i recommend it? probably not unless you are in the hole and dont mind ripping people off especially with that S.M.A.R.T loan. That is all.

Hello, this is my first time posting here. I have been reading all the reports on Primerica for a few months now and I think its time for me to put in my 2 cents. I used to work for primerica.

I joined back in 2004 after a recruiter would not stop calling me for 2 weeks straight. I finally joined and decided to give it a try (it looked good). Never did I think I would be forced to go to so many meetings where all they talked about was money money money. The "we help people become debt free and financially independent" is so cliche. They sweet talk you, "you going to be helping people", "imagine what a friend would think when you help him out".

Anyway, I got "trained" got 2 licenses and basicaly used up all my warm market in those training appointments. Why did i do that? Because my "trainer" would not go out with me if i did not make appointments. ( This is when i started noticing things)."Our FNA is free and complimentary", ofcourse its free it only take 2 seconds to do it on the computer.

A lot of banks and financial institutions offer the same exact service and with more options. Most of the sales were completely forced and i was never able to get refferals because of that. Good thing i had good credibility with my friends and family and didnt make a fool out of myself.

After the last sale, i was not happy the way it went so i decided to just take some time off from the business, it was just too much. During this time i started noticing that my upline was not doing business anymore, then i come to find that he was doing fraudulant things and got terminated. So that made me think, oh let me give this one more try, maybe it was my trainer that was messing things up for me.

I was then direct downline to a regional vice president (mind you this guy is making 600k a year). We went out on a couple of appointments and he did not close 1 sale. And for every time we didnt close there was an excuse, "oh they were panzies" , or "they were not the right market". Mind you, i was taking them to people that were well off. So I kept trying and then a few month later I see that my old trainer is back.

What kind of reputable company hires back a person that was once a possible huge liability for them?. At that point I was very upset and realized that thats not where I wanted to be. At this point also ALL my recruits quit because they were also being trained by my orignal upline because I was not trained enough to go out with them. Something was wrong.

Well to make the long story shor,t 18 months later after struggling and actually giving it a try I let it go. I noticed that a lot of people that were actually joining were people that had no other chance in life. Primerica was their last and only chance. I didn't belong in that group. I knew my education was important and Primerica also consistantly in these meeting kept bringing education down and how it "only takes heart" to win no matter your education or background. I can go on and on.

All in all i think like me there are tons of people and the odds of making it in Primerica are 2%. We have more of chance in openning our own business, although primerica insists otherswise. There is probably lots of things i left out, but in a nutshell, it was a good learning experience, would i recommend it? probably not unless you are in the hole and dont mind ripping people off especially with that S.M.A.R.T loan. That is all.

Hello, this is my first time posting here. I have been reading all the reports on Primerica for a few months now and I think its time for me to put in my 2 cents. I used to work for primerica.

I joined back in 2004 after a recruiter would not stop calling me for 2 weeks straight. I finally joined and decided to give it a try (it looked good). Never did I think I would be forced to go to so many meetings where all they talked about was money money money. The "we help people become debt free and financially independent" is so cliche. They sweet talk you, "you going to be helping people", "imagine what a friend would think when you help him out".

Anyway, I got "trained" got 2 licenses and basicaly used up all my warm market in those training appointments. Why did i do that? Because my "trainer" would not go out with me if i did not make appointments. ( This is when i started noticing things)."Our FNA is free and complimentary", ofcourse its free it only take 2 seconds to do it on the computer.

A lot of banks and financial institutions offer the same exact service and with more options. Most of the sales were completely forced and i was never able to get refferals because of that. Good thing i had good credibility with my friends and family and didnt make a fool out of myself.

After the last sale, i was not happy the way it went so i decided to just take some time off from the business, it was just too much. During this time i started noticing that my upline was not doing business anymore, then i come to find that he was doing fraudulant things and got terminated. So that made me think, oh let me give this one more try, maybe it was my trainer that was messing things up for me.

I was then direct downline to a regional vice president (mind you this guy is making 600k a year). We went out on a couple of appointments and he did not close 1 sale. And for every time we didnt close there was an excuse, "oh they were panzies" , or "they were not the right market". Mind you, i was taking them to people that were well off. So I kept trying and then a few month later I see that my old trainer is back.

What kind of reputable company hires back a person that was once a possible huge liability for them?. At that point I was very upset and realized that thats not where I wanted to be. At this point also ALL my recruits quit because they were also being trained by my orignal upline because I was not trained enough to go out with them. Something was wrong.

Well to make the long story shor,t 18 months later after struggling and actually giving it a try I let it go. I noticed that a lot of people that were actually joining were people that had no other chance in life. Primerica was their last and only chance. I didn't belong in that group. I knew my education was important and Primerica also consistantly in these meeting kept bringing education down and how it "only takes heart" to win no matter your education or background. I can go on and on.

All in all i think like me there are tons of people and the odds of making it in Primerica are 2%. We have more of chance in openning our own business, although primerica insists otherswise. There is probably lots of things i left out, but in a nutshell, it was a good learning experience, would i recommend it? probably not unless you are in the hole and dont mind ripping people off especially with that S.M.A.R.T loan. That is all.

this latest crimerica shill blindly repeated 5 classic crimerica myths and was craftly enough to separate the lies into 5 distinct paragraphs. hopefully, Alans military background doesnt mean the a$$clown recruiters at Crimerica are now deceiving the fine men and woman who bravely serve our country. they deserve better than to be taken by the snake oil salesman who call themselves RVP's.

The fact is that PFS is an excellent company.

1. Even if you dont get involved with the company, they will provide you with a free financial needs analysis and information about how money works.

2. I was a rep out of Kansas City, while serving on Active duty in the Army at Fort Leavenworth.
During that time I was able to educate and help a variety of families, some of whom are doing quite well with PFS products.

3. You can obtain your life insurance license and a Securities license. Both of these achievements are money makers, not only with PFS, but with many other agencies.

4. Primerica exposes the lies associated with Whole life insurance policies and allows people to be more in control of their money.

5. I highly recommend the company

pay the extra 150K with your not so smart loan, do not pass go, do not collect $200, and head straight to Crimerica Jonestown and enjoy a tall glass of RVP KoolAid. cheers, Jay

p.s. tried to rebut Matthew the brainwashed but RipOff seems to pick and choose what to post and what to censor

Patrick where are you getting your numbers???

Just went to bankrate.com, figured out your loan scenrio, ,

$289,900 financed,
30 years, 6.1%

Total interset, $342,500 + $289,900 = $632,440..
so that totally blows your scenrio right out of the water, now if you take that same loan and do a bi-weekly payment, here are the numbers

Interset =265607.65 + $289,900 = $555,507..

so both these scenrios blow your SMART loan out of the water, so you tell me what loan would you take for yourself?

If interest rates don't matter, would you be OK if Primerica were to bump your APR to say 20%?

before primerica...
mortgage $289,900 financed
--------------------------
30 year fixed, 6.1% interest rate, $972K+ in payments...

after...

SMART Loan
done in 20 years, 7 months, 9+% interest rate (who cares), $721K in payments

I'M DONE 10 YEARS FASTER AND SAVE $250K IN INTEREST

Look, money paid out and time in loan is everything... why focus on the APR when it doesnt matter????

BTW - someone point out where i can purchase $1.6 million in term life for less than $155 a month???
--------------------------
BTW AGAIN, yes i'm a rep in part time but will be much more very shortly, the products work, END OF STORY. the education is real. primerica costs you nothing but time and when your realize what you're learning about, the opportunities available, for nothing.... NOTHING.... state and federal licensing costs you money... THATS IT... what you make of it is what you're willing to put into it.

cynics will say things like "its a cult", "its a pyramid", etc. EVERY BUSINESS RECRUITS... you just get paid on how well you train - a great incentive to train well.

before primerica...
mortgage $289,900 financed
--------------------------
30 year fixed, 6.1% interest rate, $972K+ in payments...

after...

SMART Loan
done in 20 years, 7 months, 9+% interest rate (who cares), $721K in payments

I'M DONE 10 YEARS FASTER AND SAVE $250K IN INTEREST

Look, money paid out and time in loan is everything... why focus on the APR when it doesnt matter????

BTW - someone point out where i can purchase $1.6 million in term life for less than $155 a month???
--------------------------
BTW AGAIN, yes i'm a rep in part time but will be much more very shortly, the products work, END OF STORY. the education is real. primerica costs you nothing but time and when your realize what you're learning about, the opportunities available, for nothing.... NOTHING.... state and federal licensing costs you money... THATS IT... what you make of it is what you're willing to put into it.

cynics will say things like "its a cult", "its a pyramid", etc. EVERY BUSINESS RECRUITS... you just get paid on how well you train - a great incentive to train well.

before primerica...
mortgage $289,900 financed
--------------------------
30 year fixed, 6.1% interest rate, $972K+ in payments...

after...

SMART Loan
done in 20 years, 7 months, 9+% interest rate (who cares), $721K in payments

I'M DONE 10 YEARS FASTER AND SAVE $250K IN INTEREST

Look, money paid out and time in loan is everything... why focus on the APR when it doesnt matter????

BTW - someone point out where i can purchase $1.6 million in term life for less than $155 a month???
--------------------------
BTW AGAIN, yes i'm a rep in part time but will be much more very shortly, the products work, END OF STORY. the education is real. primerica costs you nothing but time and when your realize what you're learning about, the opportunities available, for nothing.... NOTHING.... state and federal licensing costs you money... THATS IT... what you make of it is what you're willing to put into it.

cynics will say things like "its a cult", "its a pyramid", etc. EVERY BUSINESS RECRUITS... you just get paid on how well you train - a great incentive to train well.

I'm going to offer another opinion here. And that is, to Primerica Financial Services (PFS) corporate the agent is the commodity. That is why time after time their commodity shows up on this site echoing the same time-tested drivel. This is why debating them is futile, because if one disappears another one pops up to take his place. Sort of like the arcade game "Wack a Mole"

If PFS corporate could come up with a business plan that was profitable and did away with this commodity (the sales force) and sell directly over the internet and lower their prices they would do it in a heartbeat. However, what the commodity provides is that precious warm market (leads) which PFS knows is its gold mine. In fact they use to sell term over internet via The Travelers, a former sister company. And the local Citi-Financial offices compete directly with the PFS agents in the selling of the SMART? loans. Citibank sell credit cards directly over the internet again bypassing the sales force. All the while magically convincing their own sales force that they are not a bank at least not like the others.

Sandy Weil, Former CEO of Citigroup which he put together to wreak revenge on American Express, when asked by a prominent PFS'er about the fact that the field agents were now competing with the Travelers in selling of term insurance, said words to this effect. Son, we're in the business of making money. (I'm paraphrasing) and was dead serious. I suggest if PFS corporate could replace this commodity (their sales force) with blinking lights and fancy whistles, if it sold more insurance they could care less. Of course there is nothing necessarily wrong for a business to be profitable, that's the whole point of running a business, however the blatant use of systematic deception (as proven by the number of complaints on this site alone) to achieve this does not make it right.

Regards,

Hey Matthew in CA.

How do you continue to help people? Advise your clients, you can buy Primerica life insurance or another companies for 20-30% less, which do you think they will choose?

Advise customers on mortgages, you can take our mortgage for 8-9%, and you know its true, you will not get any mortgages or SMART Loans less than this percentage, or do you want one thats 6-6.5% which is the national avergage right now, what do you think they will take??

Ok wait your mortagage will be paid off in 22 yrs, right?? Just tell your precious cleints that they can just make bi-weekly payments on a conventional loan and achieve the same results and thus save $1,000's over your product.

so explain to us all how your helping your cleints???

And read your contract and state the true facts, i will later when i get home i dont have my IBA agreement with me, but it clearly states that if you leave the company for any reason, that Primerica owns your clients... so if you own your own company, why dont you offer more than one insurance company?? or mortgage company??? b/c you cant, so its not like owning any other company, if I own a insurance company, i can offer as many different insurance companies as i wish, not limited to one and thats it..

PFS will fall victim to the Internet. Not that the company will fold because it is huge company and they will always attract new people who believe they will make a fortune. Of course, the new people and their family were really recruited as customers, they just didn't know it.

While they have other products...term insurance is the flagship. Anyone can go online and find term insurance much cheaper than Primerica and a host of other companies.

The Internet allows the companies to deal directly with the retail client. This is why there are an enormous number of ex-PFS out there.

You can see the real state of the industry by viewing the following video: (((ROR REDACTED LINK FOR SECURITY PURPOSES)))

Dr. Maguire


CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

Stuart,

I say that "I have my very own business with Primerica and am very fortunate" because it's how it's true. I am bound by the terms and conditions, which Primerica sets down but I chose those conditions as would I have chose the conditions of any other business (such as State Farm, Prudential whom control all the same factors). They own my clients? There is nothing in the agreement that states they own my clients. If I made the decision to separate with Primerica and contract with another company then I could go to those clients again, but I choose to stay with Primerica.

To be completely fair, I have just finished re-reading the entire contract from beginning to end. It says and I quote (page 9 section 6) "You are an independent contractor which means you may exercise considerable discretion in how you conduct ****your business****." It is my own personal business and I can do with it as I please within the the company quidelines (as in any company) I just read. I can operate my office how I choose, I can train how I choose. I can do as much or as little work as I want. I do not get paid for recruiting but can benefit of those below me whom I personally train myself. Last time I checked that is how every single business in the world worked. People at the top benefit financially from the work of those below them, whether positively or negatively. Otherwise business would be futile.

The fortunate thing about all this is that it doesn't matter. Primerica is a good company with great intentions and great products to back it up. We will continue to help people.

Hey Matt, where do you get the nerve to say this:

"I have my very own business with _________ and am very fortunate." Your own business? Crimerica owns your downline and clients (as per your IBA contract)
and can dictate who you can sell the business to.
And it's not a stretch to say that they own your soul too.

QUESTION*** why am i giving my warm market to my trainer and why do i have to pay $199 for this great opportunity?

ANSWER*** Your trainer might be taking the commissions for the training appt in your warm market but the trainee is the one that gets all the referals from those people. It is true you don't get paid for sell life insurance but (in california you can get paid for loan almost immediately) you can't get paid until you have a license, it's not Primerica's rule it's the LAW. Plus you don't have to use your entire warm market with your trainer either.

$199 for the Independent Business Application goes to the STATE not to anyone in Primerica. The classes and tests you get for that money would cost nearly if not more than $1000 if you did it on your own (in California), Primerica puts in the difference. On top of that you get your $199 back after 6 training appts. You don't have to buy a ton of merchandise to sell like other company that recruit masses to sell knives, knick knacks and other junk.

QUESTION*** is your term insurance vastly overpriced? if so, ask yourself why?

ANSWER*** This question is vague and I don't understand what you are asking. Level Term Insurance is the cheapest type of insurance there is aside from Accidental Death and Dismemberment which will refuse to pay a claim about 95-99% of the time (check it out if you don't believe me, it's true. Or if you don't want to believe me buy it let your family find out if it will pay.)

QUESTION*** why would cash value insurance be appropriate for a client facing a potentially large estate tax?

"Second to Die" life insurance is a very good thing to have if you are potentially going to face a large estate tax. If you choose to have Cash Value life insurance to provide that, then more power to you. It will probably cost more.

QUESTION***your one size fits all canned sales pitch doesnt address that scenario does it?

ANSWER*** It will be addressed if the individual needs it. Why address an estate tax if someone is not anywhere close to that being an issue (like most people in America)

QUESTION*** why does crimerica deceptively recruit for "management positions because we are expanding in your area"?

ANSWER*** Personally I have never heard of anyone in Primerica recruit for "MANAGEMENT" positions because there is no such thing. However, we are ALWAYS recruiting in your area because there is a HUGE need for what we do.

QUESTION*** would you trust your mom/dad's portfolio with the average crimerican?

ANSWER*** Never heard of Crimerica before but I would trust my Parents portfolio to a company called Primerica, Yes.

QUESTION*** why does your not so smart loan cost the average consumer tens of thousands in extra interest payments?

ANSWER*** Actually a SMART loan not only will not cost the average consumer tens of thousands in extra interest payments, it WILL SAVE the average consumer 100,000's in interest payments. I know because I have helped numerous people with them. If you don't believe me call your local Primerica office and they will gladly show you how it works and how the industry is ripping you off.

There are the answers. I am anxious to hear your reply.

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

QUESTION*** why am i giving my warm market to my trainer and why do i have to pay $199 for this great opportunity?

ANSWER*** Your trainer might be taking the commissions for the training appt in your warm market but the trainee is the one that gets all the referals from those people. It is true you don't get paid for sell life insurance but (in california you can get paid for loan almost immediately) you can't get paid until you have a license, it's not Primerica's rule it's the LAW. Plus you don't have to use your entire warm market with your trainer either.

$199 for the Independent Business Application goes to the STATE not to anyone in Primerica. The classes and tests you get for that money would cost nearly if not more than $1000 if you did it on your own (in California), Primerica puts in the difference. On top of that you get your $199 back after 6 training appts. You don't have to buy a ton of merchandise to sell like other company that recruit masses to sell knives, knick knacks and other junk.

QUESTION*** is your term insurance vastly overpriced? if so, ask yourself why?

ANSWER*** This question is vague and I don't understand what you are asking. Level Term Insurance is the cheapest type of insurance there is aside from Accidental Death and Dismemberment which will refuse to pay a claim about 95-99% of the time (check it out if you don't believe me, it's true. Or if you don't want to believe me buy it let your family find out if it will pay.)

QUESTION*** why would cash value insurance be appropriate for a client facing a potentially large estate tax?

"Second to Die" life insurance is a very good thing to have if you are potentially going to face a large estate tax. If you choose to have Cash Value life insurance to provide that, then more power to you. It will probably cost more.

QUESTION***your one size fits all canned sales pitch doesnt address that scenario does it?

ANSWER*** It will be addressed if the individual needs it. Why address an estate tax if someone is not anywhere close to that being an issue (like most people in America)

QUESTION*** why does crimerica deceptively recruit for "management positions because we are expanding in your area"?

ANSWER*** Personally I have never heard of anyone in Primerica recruit for "MANAGEMENT" positions because there is no such thing. However, we are ALWAYS recruiting in your area because there is a HUGE need for what we do.

QUESTION*** would you trust your mom/dad's portfolio with the average crimerican?

ANSWER*** Never heard of Crimerica before but I would trust my Parents portfolio to a company called Primerica, Yes.

QUESTION*** why does your not so smart loan cost the average consumer tens of thousands in extra interest payments?

ANSWER*** Actually a SMART loan not only will not cost the average consumer tens of thousands in extra interest payments, it WILL SAVE the average consumer 100,000's in interest payments. I know because I have helped numerous people with them. If you don't believe me call your local Primerica office and they will gladly show you how it works and how the industry is ripping you off.

There are the answers. I am anxious to hear your reply.

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

QUESTION*** why am i giving my warm market to my trainer and why do i have to pay $199 for this great opportunity?

ANSWER*** Your trainer might be taking the commissions for the training appt in your warm market but the trainee is the one that gets all the referals from those people. It is true you don't get paid for sell life insurance but (in california you can get paid for loan almost immediately) you can't get paid until you have a license, it's not Primerica's rule it's the LAW. Plus you don't have to use your entire warm market with your trainer either.

$199 for the Independent Business Application goes to the STATE not to anyone in Primerica. The classes and tests you get for that money would cost nearly if not more than $1000 if you did it on your own (in California), Primerica puts in the difference. On top of that you get your $199 back after 6 training appts. You don't have to buy a ton of merchandise to sell like other company that recruit masses to sell knives, knick knacks and other junk.

QUESTION*** is your term insurance vastly overpriced? if so, ask yourself why?

ANSWER*** This question is vague and I don't understand what you are asking. Level Term Insurance is the cheapest type of insurance there is aside from Accidental Death and Dismemberment which will refuse to pay a claim about 95-99% of the time (check it out if you don't believe me, it's true. Or if you don't want to believe me buy it let your family find out if it will pay.)

QUESTION*** why would cash value insurance be appropriate for a client facing a potentially large estate tax?

"Second to Die" life insurance is a very good thing to have if you are potentially going to face a large estate tax. If you choose to have Cash Value life insurance to provide that, then more power to you. It will probably cost more.

QUESTION***your one size fits all canned sales pitch doesnt address that scenario does it?

ANSWER*** It will be addressed if the individual needs it. Why address an estate tax if someone is not anywhere close to that being an issue (like most people in America)

QUESTION*** why does crimerica deceptively recruit for "management positions because we are expanding in your area"?

ANSWER*** Personally I have never heard of anyone in Primerica recruit for "MANAGEMENT" positions because there is no such thing. However, we are ALWAYS recruiting in your area because there is a HUGE need for what we do.

QUESTION*** would you trust your mom/dad's portfolio with the average crimerican?

ANSWER*** Never heard of Crimerica before but I would trust my Parents portfolio to a company called Primerica, Yes.

QUESTION*** why does your not so smart loan cost the average consumer tens of thousands in extra interest payments?

ANSWER*** Actually a SMART loan not only will not cost the average consumer tens of thousands in extra interest payments, it WILL SAVE the average consumer 100,000's in interest payments. I know because I have helped numerous people with them. If you don't believe me call your local Primerica office and they will gladly show you how it works and how the industry is ripping you off.

There are the answers. I am anxious to hear your reply.

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

I think this is a rather childish show of a bunch of people ignorant about a lot of things. I have my very own business with Primerica and am very fortunate.

Primerica offers an OPPORTUNITY (referenced in a horrible way) to make extra money. Most people who make it in this company work hard. There are many that see the amount of work that you need to do to get really good and quit. It takes time to get good, especially since most people that become agents with Primerica, like myself, have a job.

After reading a lot of the above responses it concerns me. I work in an office with very AWESOME people who promote helping people and making money doing it. Any job revolves around the money you make. How many of you with nothing but negative things to say go to work for free?? If I can help a family keep from losing their home or pay it off 10 years earlier with the same amount of money (generally both)and help them retire earlier than they ever thought possible while making money in the process I think that is a fair trade.

It is ashame that so many people out there in Primerica have NO TACT at all. And since most people who get started in Primerica don't have the slightest clue about most of the things Primerica does because it's not necessary. When you apply yourself, which is necessary in any trade, you learn more and more daily.

It works to no ones good for me to try and explain the details of why Primerica is good, but I will explain why it might appear bad. As for ANYthing 9 out of 10 people have a great heart to help people, but the 1 person that most of you have had contact with make the rest of us look bad.

I am sure that someone will find something wrong with what I wrote, though there is nothing, but rest assured myself and many other people will continue to help as many families as possible.

If you have doubts about Primerica then I'm guessing that you haven't had an Financial Needs Analysis done. Look up the nearest office and get it done. IT'S FREE. IT MOST LIKELY WILL HELP YOU. YOU CAN SAY NO. THEY WILL SHOW YOU HOW IT CAN HELP YOU, BUT IF YOU WANT NOTHING TO DO WITH GETTING INVOLVED IN THE BUSINESS AND JUST TELL THEM THAT AND LET THEM SEE IF THEY CAN HELP YOU.

every day i wake up, fire up the ole laptop, log on to ripoffreport.com and read some crimerica newbie repeating the same ole lies and half truths. before you find yourself in credit card debt in 6 months(probably with your beloved Citibank) answer this:

why am i giving my warm market to my trainer and why do i have to pay $199 for this great opportunity?

is your term insurance vastly overpriced? if so, ask yourself why?

why would cash value insurance be appropriate for a client facing a potentially large estate tax? your one size fits all canned sales pitch doesnt address that scenario does it?

why does crimerica deceptively recruit for "management positions because we are expanding in your area"?

would you trust your mom/dad's portfolio with the average crimerican?

why does your not so smart loan cost the average consumer tens of thousands in extra interest payments?

i'll tune in tomorrow and wait for your response.

cheers, Jay

"So please if you find yourself condeming an entire company for what bad experience you had think about it...." Not an individual issue here Newb as there are over 500 hundred threads here on RipoffReport.com with thousands of reports against Crimerica so there's nothing to think about. I can add on that Crimerica is rotten to the core.

Newb: one thing you have to understand is some of the people who post here are former agents of PFS. It's not so mauch as PFS being a scam or someone not working hard enough, it's about the facts. The Term product is a high priced product when shopped on the open market.

You have to ask yourself how many clients over the years have benefited from the Buy Term And Invest The Difference concept?

Yes PFS has a Term to Term conversion, but at what cost? If a person developed a health issue, how long could they afford to pay premiums? When a health issue is developed usually other cost get higher. So at least a term conversion to a perm product is a good benefit.

That being said.. As of now PFS Term is OBSOLETE. Why not do some comparison shopping on term quote sites, you will see the difference in cost. Now what if you sold the lower cost term and added that to your clients investment program? I myself would think that price is an issue to your clients.

Look outside the company for some other view points. The kool-aid you are drinking won't seem so sweet when you open up your mind to the facts.

You don't know what you don't know. Why is it you don't see any RVP's and above setting message boards straight? You will see Regina Woods from PFS, but I wonder if she owns a PFS term product and if she did would she pay a higher premium just to be loyal to PFS? The policy is to protect her family, not PFS. So I ask, where are your priorities? To PFS, your clients, or your family..You choose which order..
Knowing what I know, I can sleep well at night.

I am new to Primerica, but some of the things that I read on this R.O.R. humor me. I didnt read all of the rantings of mad individuals, but I will say this . In EVERY business (of any kind) you will find people that do things that are not... lets say your cup of tea.

I went to one of the meetings that a few of these people went to and I myself walked out the door, because of the way that the so called teacher had presented the company. He kept telling me that I needed to have another meeting, and another and another. I got fed up and told hiom never to call me again, BUT I believe whole heartedly that the things that Primerica cna offer to the majority of the public would benefit the public grealty.

In my limited experience with the company, I have seen A lady that works for a HUGE healthcare organization be shown that she was not covered in the fashion she was promised. There are alot of people out there that are to trusting, and do not take the time to read the fine print. I would not try to screw over my family and friends, but those are the exact people that I have worked with the most.

If I don't get rich doing this then so what, I want to help people get out of their own way so that they can retire with some wealth and not be 75 working at Wal-Mart as a greeter to pay the bills.

I have not heard anything even remotely similar to what I read above, "chanting" and other such nonsense. Although I can't fault you for not liking that, I would not have liked it either. The rest of you who are just jumping on the band wagon with but maybe a tiny recollection of what Primerica is and what they actually do... please keep your comments and false accusations to your self.

I have been in telecom for 10 years, and have worked for several companies including temp agancies, and not a single one of them had the same process of getting to the end result as the other. One office and standard of practice at Primerica didn't work for me, the other fit just right.

So please if you find yourself condeming an entire company for what bad experience you had think about it before you defame their name in such a crude manner.

You are correct sir!!!! Term insurance is a commodity. The Primerica people saying their term insurance is "added value" term is simply nonsense and something dreamed up by a marketing exec to try to justify their bloated premiums.

I started selling term through newpaper ads and over the net a few years ago. Less stressful, less time sitting in someone's home having them tell me they can't afford $25 a month to protect their family while a 52 inch flat screen TV they are paying $150 a month to Sears for sits in the corner.

I read these posts and find them humorous, at best.
One group calls another Crimerica while others are incessantly quoting rates of their company versus another and, of course, Primerica people extolling that " we are full service ". I still don't understand how full service applies to term insurance. You write it and that is it. There is no addeed value. Cost is cost...buy the most inexpensive.

But all this is for naught anyway, as 39% of all term insurance will be sold over the Internet directly by companies in 2006. Some projections, whether highly accurate or not, estimate 85% of all term will be sold directly over the Internet and banks by 2010.

So, essentially term insurance agents and stagecoach drivers will have a lot of time to talk to each other.

Whole life, Uinversal Life and Variable life will not suffer the same fate, as these products are still a little too complex for the general public to buy over the Internet.

When something is a little confusing to a person, then they want the assurance of sitting and talking with someone.

Those selling term...simplified the market. They did such a good job that they will be out of a job.

But good luck to all wherever you land.

Dr. Francis John Maguire

I read these posts and find them humorous, at best.
One group calls another Crimerica while others are incessantly quoting rates of their company versus another and, of course, Primerica people extolling that " we are full service ". I still don't understand how full service applies to term insurance. You write it and that is it. There is no addeed value. Cost is cost...buy the most inexpensive.

But all this is for naught anyway, as 39% of all term insurance will be sold over the Internet directly by companies in 2006. Some projections, whether highly accurate or not, estimate 85% of all term will be sold directly over the Internet and banks by 2010.

So, essentially term insurance agents and stagecoach drivers will have a lot of time to talk to each other.

Whole life, Uinversal Life and Variable life will not suffer the same fate, as these products are still a little too complex for the general public to buy over the Internet.

When something is a little confusing to a person, then they want the assurance of sitting and talking with someone.

Those selling term...simplified the market. They did such a good job that they will be out of a job.

But good luck to all wherever you land.

Dr. Francis John Maguire

I read these posts and find them humorous, at best.
One group calls another Crimerica while others are incessantly quoting rates of their company versus another and, of course, Primerica people extolling that " we are full service ". I still don't understand how full service applies to term insurance. You write it and that is it. There is no addeed value. Cost is cost...buy the most inexpensive.

But all this is for naught anyway, as 39% of all term insurance will be sold over the Internet directly by companies in 2006. Some projections, whether highly accurate or not, estimate 85% of all term will be sold directly over the Internet and banks by 2010.

So, essentially term insurance agents and stagecoach drivers will have a lot of time to talk to each other.

Whole life, Uinversal Life and Variable life will not suffer the same fate, as these products are still a little too complex for the general public to buy over the Internet.

When something is a little confusing to a person, then they want the assurance of sitting and talking with someone.

Those selling term...simplified the market. They did such a good job that they will be out of a job.

But good luck to all wherever you land.

Dr. Francis John Maguire

I have read and heard a lot about the wrong Primerica does and whatnot. I just don't understand if it's the actual company that people are upset with or some of the agents that may be giving Primerica a bad reputation. I don't think I have to remind some of you that there is bad in all things unfortunately and Primerica is no exception.

I would like to start off by saying yes, I am a representative with Primerica. My goal, and only goal is to assist families and individuals in protecting themselves from a finanical disaster. How many of you reading this right now are living paycheck to paycheck? If you answered yes, then you are just one mishap, germ, disease or accident from losing everything you have worked hard to obtain. That's where Primerica comes in.

Primerica's agents are in the business of helping people save money, make money and get out of debt. Of course, not every situation is the same. I don't recall ever giving families the exact same advise when it came to their finances.

I understand there are agents out there that will use deceptive tactics to engage individuals and to have them sign up for the business. I, for one, am not one of them. When I approach an individual, I just simply ask them if they are interested in making money using their spare time? If they are, I will set an appointment with them and will expressly state that this is not a job, but an opportunity for them to go into business for themselves, which is exactly what Primerica offers. If they are still interested at that point, I will continue to set the appointment and proceed accordingly.

Some individuals feel that Primerica offers them a job. They don't. True, some of the agents are a little "wierd", but that's what sets them apart from everyone else. You have to be a litle wierd to succeed in this business. The majority of us are living paycheck to paycheck and have been taught that this is the normal. It's normal to be a slave to your mortgage. It's normal to be a slave to your car payment. It's normal to be a slave to your credit card bills. It's normal to dedicate countless hours to a job where in reality, your job is to make someone else rich. Does anyone see something wrong with that picture?
Doesn't anyone feel they deserve better? Doesn't anyone feel their family deserves better? If you answer no, why not?

I've gone to school. I've received my degree. I have what I thought was my ideal career. What I don't have is time to sepnd with my wife and 4 children. What I don't have is freedom to take time off work without having to request it off and risk not being approved for it. What I don't have is the ability to travel and enjoy life. What I don't have is the ability to save properly for my retirement because my montly pay goes to my ridiculous rent and bills. Are you in that same situation? How does it make you feel? When does the madness end? If you work a job, it doesn't. Some of you may say that there are a lot of people making really good money at their jobs. Show me someone making good money at their job and I'll show you someone working too many hours, someone who is missing time with their family, and someone who is looking for a change.

First you have to hear and accept the truth. The truth is that the system that we work in doesn't work for us. We work in a systme that limits our hours of working, pays us by the title of the position and not the person, gives us just enough money to pay our bills and very little else.

Second, you have to ask yourself "is this what I want"? If yes, then good luck to you. Because chances are you will work until you die. If your answer is no, then there is another question you have to ask yourself..."what am I going to do about it"? For some, this is an easy revelation. For others, not so easy. You see, you have to respect business owners because they decided not to be normal. The decided to take a risk, because they believed in themselves, they believed in the reward, they understood the needs of their family, and they stared the fear of failure in the face and said "bring it on".

Most successful business owners are Ivey League drop outs or don't have a college degree. The only things you need to be a successful business owner is the will to stand and push forward when everything else is pulling you back. Be determined. Be enthusiastic. Be encouraged to succeed. Don't be afraid to win because you're afraid to lose. My basketball coach once said "a shot not taken is worse than taking a shot, because if you at least take a shot, you have a 50% chance of making it, rather than limiting yourself to no chance by not taking the risk". Doesn't a 50% chance sound better than zero?

Here is my bottom line. Don't let the reps at Primerica steal from you what the company really offers. Yes, there's a lot of chanting. Yes, there's a lot of cheering. But it's not the company doing that. This business is for individuals who are ready to accomplish more than what is being offered to them right now. Someone posted that if this business was so great, why isn't everyone doing it? Here is my answer...what is stopping each and everyone of you from taking a risk to improve your situation?

Are you going to let comfort and fear rob you?

I know two friends that are working in Primerica. Both of them have been msging me on MSN and calling me to come to the info sessions. At first I kept telling them that I was busy and had stuff to do. Then I told them I would go since they wouldn't stop bothering me.

So I went, and I sat down with few other candidates in the room. There weren't quite a few, but enough to make it look reasonable. The whole session talked about how to get low income families get out of debt and what not. They also touched upon how much money they can save before their retirement. It sounded really good and all, but to me I wasn't just in the mood to get involved.

Later on that evening after the info session, we were told to fill out a personal info sheet. Our names, phone number, address, etc. The first time I looked at it I knew there was something wrong, but I filled it out anyways since I was too tired to think about anything. Then one of the reps came up to me and said: "So it seems like you are interested in this program. When are you available, I would like set up an interview with you so you can get more info about our company."

Without further hesitation, I told him the date and time. Again, I didn't really care at that point, cause I just wanted to get out and go home. The day of the interview arrived, and I came with my friend who currently works in PFS. The three of us sat down and we talked for a good hour. Most of it were repeats from the info session.

Then, he took out an application package and told me that he's going to first check if I am suitable for the job or not, and if yes then all I have to do is fill it out and I am in. At that point, I was like HELL NO!! You didn't even say anything and already you want me to sign this paper. What the hell is that? So I immediately said no and explained to him my situation and my feelings towards the company. He then became silent, and also a bit sad. Inside my head I was laughing cause I have won half the battle.

Heading out to the waiting room ready to go, another rep introduced himself and told me to stay a bit longer so he can explain more things to me. So the three of us went back to the room and sat down for another lecture. Again, I told him that I wasn't interested. However, in the near future, I might reconsider (Obviously by that time I'll be gone, so this hope I gave them is just to temp. comfort them). That was my story. Now for the key points that I am about to make:

First of all, whoever wrote something that PFS was like a Pyramid structure, I give you 2 thumbs up!! I totally agree with that. Seriously, from what I heard, almost every rep had told me that: "yea, right now we are looking forward to expand our company and what not so we need more people to help us out." Ok, fine. Sounds good and all, but what's next? Are you going to expand so that the whole world only depends on one single financial service company? I certainly don't think so.

Moreover, I really don't think it's fair to say that the employee or the self-employed are poor and that they can't control anything. Well, who said that there's gonna be free lunch? In order to gain something that we want, we have to work for it, am I correct? Sure they are not earning as much but as long as you work hard, you can get anything you want.

People at PFS kept telling me that: "yea, once you get promoted to certain positions, you can earn something close to like couple thousands dollars a week." I am sorry, is it me or do I need to get my ears washed. COUPLE THOUSAND DOLLARS PER WEEK. Wow, someone ate too much candy last night. Another statement shocked me, and it was said by one of the reps: "yea, once you join us, you first take a course and do a test and get your license. Then, all you have to do is do nothing and let me do all the work and money will fall into your pocket." Once again, wow, very nice. What brand of candy did you just ate? Excel?? LOL You guys sure know how to sweet talk.....sigh.....

I can go on and on with this, but seriously I have to say one thing. If Primerica was really the best place to learn and earn dollars like what I said above, then why don't everyone right now just drop out of school, or quit there current job and join them? It's simple right? Just fill out the form, pay the 199 and you are good to go. Let's all move from the left side of the board to the right side. You are killing yourselves out there. THINK! BEFORE YO DO! AND BRUSH YOUR TEETH AFTER EATING THOSE CANDIES!!

PS: I want to thank my parents and ma bro for supporting me and grabbing me before I drop down into the hole. REMEMBER KIDS, STAY ALERT, STAY SAFE!

i am well versed with PFS, i have been a financial services professional for close to 10 years. when i first got started inthe business i was afraid of them, but after a few face to face agent confrontations,(pfs would try to suprise me with) i quickly found out that the mass majority really do not understand the field at all, they are given a certain agenda and script adn thats all they know. i now see primerica as a asset to my business, they are amatures and are very expensive.

if you re interested in getting into the industry, go to -----, or mentor with an experienced broker, you will make more money and have more respect in the business and comunity, and people do take you serious.

im not going to bash anyone for what they believe, but it is only one point of view and not all clients call for the same solution. isnt it sad how pfs people bash the "trash value shole life industry" when there sister company is city and travellers insurance.

if you are beeing approached by a "recruiter" and you are workig at the loading dock at home depot, ask yourself why nesbit burns recruits university grads and this guy is at the mall looking for recruits......not employees

rebuttals welcome, and ps i was recruited by pfs in the beginning of my career, and left after 2 months for the above reasons, and i have enjoyed more success since
PG

sorry, allowing you to give a competitors name would instigate others to just file against their competition, to only come back later to suggest their company your comments on this policy are welcome! CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

"Stuart wants to get into some type of war of words that I forbid to engage in...." Not my words Edgar but Crimerica as I've quoted them. As I've said check out that website for yourself.

It seems you have some doubts as to what you've selected as you went to two more agents to get quotes which is what you should do. That's one way of doing it, but Crimerica's website makes it clear regarding their market and their product (term) being expensive. In any case I have a feeling you'll be having doubts as time moves along.

Leroy- I actually like you! It sounds like you somewhat understand me. I don't have the answers as to why someone would buy a car with no air for a higher price, but it has been done. Your example of the difference in term coverage is dead on. Why would you pay more? Don't know but it has been done as well. Those are questions that I can not answer my simple purpose was simply to tell people that believing that Primerica is the most expensive is simply not true. I said previously that I went to a couple of what is considered top notch companies and ended up getting higher quotes. That is all that I was stating.


Stuart wants to get into some type of war of words that I forbid to engage in and more than likely I do not have the knowledge to engage in such a debate with him. I used my example of what I did and that was it. There may be some major a--holes at Primerica trying to simply make some cash, but you know what there are crap load at mortgage companies, car dealerships, and even retail stores. What I do know is that I've worked in the mortgage field for quite a while and by my standards I have not made what I would like to make, but others would disagree and wish they could make what I've made. At this rate I would still have work 9-5 five days a week for another 20-30 years and if there was a way to change that without causing other people harm I would. I look forward to hearing your reply.

Yes, Crimerica is deceptive in their recruiting practices. It seems like every time someone dares to post about how they were called on a "job" interview and instead ended up at an "op night," some shiller writes back, "I'm sorry you had a bad experience" and blames it on "bad apples." Um--are they all bad apples? The practice seems pretty pervasive. I think my favorite explanation came from a gentleman who said, "We can't saturate the market, but we can saturate the name, which is why we do not use the name Primerica overly on the phone." Uh...what?

I'm the ex-daughter-in-law of a Primerica (see my report under my maiden name, Kelly.) I already submitted a ?report? of my own about how Crimerica tried to recruit my younger sister, a social worker. Like so many other people, she was told, ?We're looking for someone to manage our new branch offices.? One of the shillers on this site?Gary, I believe?belittled the people who lose their time (and sometimes cash) in this manner, saying something along the lines of ?They were led to think it was a job instead of a business opportunity?Poor babies!?

Well, yes, Gary, they ARE poor babies if they are told that they will be interviewing for a job and instead they are being suckered into listening to an MLM sales pitch. They may lose only some time and gas, but if Crimerica is so wonderful, why do so many of these so-called recruiters have to LIE to get people to come to their ?opportunity nights?? If Crimerica was truly ?beating the rest of the industry like a drum,? why wouldn't people willingly come to these meetings without being misled? Yes, I know that you believe one day that Crimerica will be SO big that people will be knocking down the doors to become reps and you'll be laughing because you'll be a millionaire, but...in the 30 years of AL Williams' existence, your growth has really been pretty slow. Our insurance agent, who is NOT a captive agent, laughed when I brought up Primerica. He replaces these policies constantly, and consistently gets people more insurance at a lower price.

I've read a dozen reasons from shillers on this site who try to explain why someone might pay more for a Primerica policy. The most common seems to be ?service.? Exactly what service do you provide that is worth an extra $500+ a year??? My favorite reason came from one rep who said he provided ?excitement and enthusiasm.? Personally, between paying an extra $500 for ?excitement? and buying an extra $100K worth of coverage, I'll take the coverage. Or I'll put the extra $500 in my mutual funds. The last time I went to the grocery store, they weren't accepting ?enthusiasm? in the place of hard currency for my groceries.

Taking some of your other points one by one:

1) Primerica reps make house calls, so people will pay more.
>>This is just silly. Every insurance agent I ever dealt with makes house calls?and maybe I've just had a lucky streak, but they were all professional and listened to our concerns. They didn't simply work off an obnoxious ?kitchen table presentation? and try to sell us overpriced products. Which brings me to the next point:

2) Primerica gives you a free FNA.
>>Again, just silly. NY Life and Metlife both provided me with a similar analysis for free. Besides, reading even a few finance books will give you all the info you need to do your own. It certainly isn't worth buying into a higher-premium policy (and don't even get me started on the SMART loans. I don't see how anyone can push those to the middle-class families you purport to ?help? and still sleep at night.)

3) Primerica gives people without an education or experience a chance to be ?financial advisors,? make a ton of $$$ and realize their dream of financial independence.
>>Pray tell, how is this a GOOD thing? I don't know about you, but I want my finances to be handled by someone who has something other than a tenth-grade education and a couple of company-sponsorerd classes under their belts. You can rant all you want about how college is ?elitist? or whatever, but let's face it, it does weed out patently unsuitable people from telling others how to manage their money. If you have a former burger-flipper who takes a couple of classes and declares himself a ?financial advisor??do you REALLY want this person in charge of your retirement, decisions that will affect your entire FUTURE? Yes, a CPA or CFP could conceivably screw up your plans just as badly. But there's far more oversight of these folks, and retirement planning is all about minimizing risks.

And for those of you (like Gary) who look down on college?it's true that college doesn't always teach one about life's ?practical? aspects. I should know?my husband and I are both professors, and I know I see kids every day who are pretty clueless. But I will say that a college education at least teaches you how to think critically?something I've seen lacking in a lot of Crimerica shillers. (I mean, come on??enthusiasm and excitement? makes up for spending an extra $80Gs in a SMART loan? Please!)

As for the ludicrous assertion, ?All companies are pyramids??my God, do you guys really BELIEVE this? By that logic, the university president would get a cut every time a student signed up for my course, or he'd get a piece of the librarian's salary every time a student checked out a book. I can't imagine you really believe this, though. Similarly, you make the claim that ?Every company has complaints.? The housewife two doors down sells Discovery Toys. I've hosted a few parties with her, as my sons love Discovery Toys. True, Discovery Toys is MLM, but the products are good and she makes a decent part-time income without a huge downline. From what I've read, it's impossible to make $$$ without recruiting at Primerica?a red flag. In addition, she has expenses, but they're mostly for her sample toys. If she quits tomorrow, or if she never made a sale, she'd still have the toys (not an overpriced life insurance policy). And, oddly enough, I could not find one complaint about Discovery Toys on this site.

As for the allegation that those of us who post negative things about Crimerica are ?hate mongerers? or ?crushing dreams??hey, maybe we just don't want to see people die broke, in debt, and under-insured. If you really want to help families, why not become a CFP and get people the best rates and best advice on policies, home loans, and debt restructuring? You could follow the same path you do at Primerica, but REALLY help people.

You stated, "...though all the naysayers made it sound like ________ charged the highest premiums in the world...." This website gets a bunch of shillers pretending to be spokespersons for Crimerica saying that their term insurance is not expensive at all.

"PFS charges more than many of its competitors in the term market, but consumers seem willing to pay for what they perceive as better service, Albanese said. Even Travelers, its sister company, charges less for term products. At a time when competition is driving down term prices, Albanese said, Primerica has not been forced to solely compete on price."

"'If you can't be the cheapest term insurance in town -- because we have a lot of people to pay because of the hierarchical structure -- then you'd better provide value to people or they're not going to pay what you charge,' Plumeri said."
(Plumeri was the former head of Crimerica - unfortunately he doesn't explain what that value is).

"Despite its high prices..." So Edgar check this for yourself at that website. Why would Crimerica
make such statements? (I only want to hear what Edgar thinks, no one else).

Yes, there are some companies that charge more than primerica for term insurance. The question is why would anyone pay more for term insurance
than is necessary when the very highest rated companies offer it for less, and have better conversions options to boot.

To use your Toyota Camry metaphor if you could pay less for a Camry with air conditioning why in the world would you pay more for a Camry without air from a different dealership.

Term insurance is very cheap right now. If you're working on a tight budget why get $250,000 for $30 a month from one company when that same $30 would buy you $375,000 from another? If you die that $125,000 would make life a heckuva lot better for your survivors.

Leroy- I will agree with you that it is best to shop and that goes for any type of purchase. When I first posted on this site though all the naysayers made it sound like Primerica charged the highest premiums in the world and I have come to see that it is not necessarily true. I am not saying that there isn't some insurance company that would charge less. I mean you can get the same exact toyoya camry for a much different price from one dealership to another. If I had just taken the words of some of the naysayers on this site it could have costed me anywhere from $200 to $500 bucks a year. This is a suggestion that my dad gave me and it was that no matter what primerica might say don't put all of your eggs in one basket. So if you put some retirement away with them than you should also try to put some away somewhere else as well.

Since we don't know what ages Edgar was using all I could do was use a 40 year old to see how primerica stacked up.

For $250,000 on men there were 12 companies with lower premiums than primerica....as much as 30% lower. All of them guaranteed both the premium and the death benefit for the entire 30 years. I've never had a primerica agent tell me if the primerica product is guaranteed for the full 30. There is a substantial difference in premium for products with that guarantee.

On a 40 year old woman primerica is so grossly overpriced that the opposite was true. There were only 14 companies out of almost 500 that were higher than primerica.

No one else sells a 35 year term policy so my guess is Edgar's quote that primerica was $10 a month less was comparing their 35 year term policy to a universal life policy (with cash values) designed to run for 35 years.

primerica term is simply overpriced and doesn't compete well. Thats why they have chosen having your cousin sell it to you as the only way to get it sold. Other companies have overpriced term too......what they offer is convenience, conversion to a good whole life or universal life later if necessary, and an agent who handles all your needs.

Either way it makes no sense to purchase too expensive term insurance. When the difference in coverage between one company and another can be $100,000 for the same premium it really pays to shop.

I've been on this thread for quite some time now and I actually went to two supposedly top notch life insurance companies on Friday. If Primerica is so expensive I didn't see it that way. I was quoted a 30 yr term at 250K for $58.90 a month at one and the same conditions for $60.20 a month at the other. It just seemed funny that with

Primerica I was quoted a 35 yr term for the same amount for $10.00 less per month and a lot of you have stated how overpriced they are. I mean I can see the frustration in all of you who have gone to work for them and someone else takes the commission that you helped provide a lead for, but isn't that kind of like starting at the bottom and working your way up. Just a thought.

If you are looking to be fooled out of your time and money, then join up with primerica. It is a feel good, get rich quick scheme that doesn't work. The company is always 'hiring' and they'll take any idiot that walks in from the street, as long as they're not a felon! Oh yeah....I'd love to invest my money with some guy from Primerica that tells me that my buddy who got a degree in finance and works for A.G. Edwards doesn't know anything about investments.

LETS DO SOME MATH...650 million paid out this last year(all numbers are gross) by citigroup divided by 120k reps = $5412 per year. Ok ok, lets say HALF the reps don't do anything = $10,824 per year. But wait, what about the folks who make over 100k? So that leaves about 400 mil divided by 116000 reps minus the HALF that sit on their butt = $6,897 per rep per year.
WOW looks like an opportunity to me. Well not really. You see at minimum wage in this great state of Oregon is 7.50/hr. Working 'parttime' (as Primerica loves to call their new 'business owners')30 hrs a week at McDonalds will get you $11700 for that year. THAT SURE BEATS WORKING 'parttime' FOR A PYRAMID SCHEME!! Well no wonder the illigals in my town aren't rushing into this 'opportunity,' they are better off taking my order at the drive-thru.

This organization looks for anybody to join because that means sales and commission for them. They tap into your friends and family and suck every last lead out of you. People last a few months in this hyped up business only because of the false hope that it brings. I dealt with this company in 1998 when they tried to give me an 'opportunity.' The opportunity was only for them, the folks at the top of the pyramid. At least in other pyramids you won't be sold highly important life changing products from a bunch of high school dropouts.

You are better off signing up for $199, get your license, and go work for Allstate. The only deal that they offer is the cheapest way in town to get licensed!

Quoting:

"We are a full service company..." How can you claim that when you only sell a very expensive term policy and you can't offer other life insurance policies?

I'm here to fight people wanting to profiteer from an unsuspecting public too.

I want to fight those people that charge too much for term insurance.

I want to fight people who charge women so much for term insurance they could have purchased a cash value insurance policy for the same premium with a higher rated company.

I want to fight profiteers who tell unsophisticated prospepective borrowers;

Yep...I want to fight the profiteers at primerica who couldn't sell their lousy products unless they used the MLM approach in which people are convinced to buy and sell crappy products so they can be on a caribbean beach raking in $$$.

To all the jerks and those who are profiteers off the unsuspecting public.

It's been over a year since I posted here. That's because I don't have the time (as I make money --thank you-- and build my business) to repeat over and over the same responses to negativism -- and to rebut the small group that lives only to post here.

Mike tells about the silliness of your posts. Good job Mike. Especially about the suits. There is so much lying on this site by those who hate us.

Do we have the cheapest pricing -- NO.

But we do provide more service than most of the negative posters here do. We are a full service company, and like most full service companies, there are some extra charges inherent in the pricing.

OK. I see nothing has changed. Those that hate us still do. Those who failed still blame us and not themselves. And those who are losing money to us still lie outright on this site.

So I will continue to make money. I will continue to replace the "bad" policies. I will still continue to help families get their financial act together.

To all the jerks and those who are profiteers off the unsuspecting public.

It's been over a year since I posted here. That's because I don't have the time (as I make money --thank you-- and build my business) to repeat over and over the same responses to negativism -- and to rebut the small group that lives only to post here.

Mike tells about the silliness of your posts. Good job Mike. Especially about the suits. There is so much lying on this site by those who hate us.

Do we have the cheapest pricing -- NO.

But we do provide more service than most of the negative posters here do. We are a full service company, and like most full service companies, there are some extra charges inherent in the pricing.

OK. I see nothing has changed. Those that hate us still do. Those who failed still blame us and not themselves. And those who are losing money to us still lie outright on this site.

So I will continue to make money. I will continue to replace the "bad" policies. I will still continue to help families get their financial act together.

To all the jerks and those who are profiteers off the unsuspecting public.

It's been over a year since I posted here. That's because I don't have the time (as I make money --thank you-- and build my business) to repeat over and over the same responses to negativism -- and to rebut the small group that lives only to post here.

Mike tells about the silliness of your posts. Good job Mike. Especially about the suits. There is so much lying on this site by those who hate us.

Do we have the cheapest pricing -- NO.

But we do provide more service than most of the negative posters here do. We are a full service company, and like most full service companies, there are some extra charges inherent in the pricing.

OK. I see nothing has changed. Those that hate us still do. Those who failed still blame us and not themselves. And those who are losing money to us still lie outright on this site.

So I will continue to make money. I will continue to replace the "bad" policies. I will still continue to help families get their financial act together.

Apparently you didn't read many posts because the products primerica sells have been bashed here plenty....and with good cause.

The term insurance is very overpriced for males and unconscionably overpriced for females. For females, the term rates primerica charges are so bad that they can go ouit and buy cash value insurance with many otrher companies for the same premium.

The primerica not-so-SMART loan is horrible. On a $250,000 loan over twenty years your average middle class family will pay about $85,000-90,000 more in interest than they would had they taken the same lending qualifications to another lender. All the crap about simple versus scheduled interest, biweekly payment plans, "interest rates don't matte"r is just that....crap. Its all smoke and mirrors designed to take the consumers focus away from the mush higher intyerest rate primerica will saddle them with than they could have qualified for elseweher. Its all designed to take advantage of unsophisticated consumers. You can read a book called Mortgages by Fitsgerald that devotes a chapter to mortgage scam,s and the chapter sounds exactly like the primerica canned mortgage sales pitch.

Apparently you didn't read many posts because the products primerica sells have been bashed here plenty....and with good cause.

The term insurance is very overpriced for males and unconscionably overpriced for females. For females, the term rates primerica charges are so bad that they can go ouit and buy cash value insurance with many otrher companies for the same premium.

The primerica not-so-SMART loan is horrible. On a $250,000 loan over twenty years your average middle class family will pay about $85,000-90,000 more in interest than they would had they taken the same lending qualifications to another lender. All the crap about simple versus scheduled interest, biweekly payment plans, "interest rates don't matte"r is just that....crap. Its all smoke and mirrors designed to take the consumers focus away from the mush higher intyerest rate primerica will saddle them with than they could have qualified for elseweher. Its all designed to take advantage of unsophisticated consumers. You can read a book called Mortgages by Fitsgerald that devotes a chapter to mortgage scam,s and the chapter sounds exactly like the primerica canned mortgage sales pitch.

Apparently you didn't read many posts because the products primerica sells have been bashed here plenty....and with good cause.

The term insurance is very overpriced for males and unconscionably overpriced for females. For females, the term rates primerica charges are so bad that they can go ouit and buy cash value insurance with many otrher companies for the same premium.

The primerica not-so-SMART loan is horrible. On a $250,000 loan over twenty years your average middle class family will pay about $85,000-90,000 more in interest than they would had they taken the same lending qualifications to another lender. All the crap about simple versus scheduled interest, biweekly payment plans, "interest rates don't matte"r is just that....crap. Its all smoke and mirrors designed to take the consumers focus away from the mush higher intyerest rate primerica will saddle them with than they could have qualified for elseweher. Its all designed to take advantage of unsophisticated consumers. You can read a book called Mortgages by Fitsgerald that devotes a chapter to mortgage scam,s and the chapter sounds exactly like the primerica canned mortgage sales pitch.

Quoting:

"To the pyramid comment in reality all sales
position in almost in any buisness works that
way..." Focusing on the insurance industry, only a handful of companies such as Crimerica and the Torchmark group operate that way. Companies such as MetLife, Prudential and even Crimerica's affiliate, Traveler's, don't use a pyramid scheme. The way Crimerica is set up, frontline agents get at most 25% commission while competing agents get around 75% to 80% commission, furthermore Crimerican agents, to make those "six-figured incomes" must depend on a downline through recruitment efforts.

"i also was a loan officer i had my account
manager and he had his boss and there was the
owner that an example of a pyramid in realestate
and it's used in many company's yet no other
company is mention." Loan officer where? Did your commission from your own sales depend upon a downline? Give us a breakdown with documentation.

"Since i've been working for
them i've help many families understand there
financial situation i've showed them pointers on
investment and many other things becuase to many
might not know they had options in how to use
there money and have work for them ." What training has Crimerica given you out of their pocket? What degrees do you hold? (do document
please - btw your spelling is terrible and I can't
believe you were a loan officer).

"...is a great opportunity..." Over 100,000 disgruntled agents from Crimerica per year would disagree with that.

I'll be looking for your float at the Thanksgiving
day parade. In the meantime drill this into your
brain shiller:

"Victim of a consumer Rip-off? Want justice? Rip-off Report? is a worldwide consumer reporting Website & Publication, by consumers, for consumers, to file & document complaints about companies or individuals who ripoff consumers."

Hey i've read many of the comments so i felt i
should share my opinion. I just began working
with the company i've been to most of the
meeting and never heard anyone say "AMEN". To
the pyramid comment in reality all sales
position in almost in any buisness works that
way i also was a loan officer i had my account
manager and he had his boss and there was the
owner that an example of a pyramid in realestate
and it's used in many company's yet no other
company is mention. Since i've been working for
them i've help many families understand there
financial situation i've showed them pointers on
investment and many other things becuase to many
might not know they had options in how to use
there money and have work for them . I've have
nothing against other company's please dont take
anything i say the wrong way. For some people
this is not the line

of work for them all i read is basically a

bashing on the recruitment style the company

uses and nothing on the products they have and

given to people out there. I myself learned many

things that i did not know i could do. this for

me was and is a great opportunity i've grown as

an individual and i feel great when i know that

i educated another family in there situation

like i always say there two sides to a coin i

repeat again this line of work is not for

everyone and people might not like the fact that

this is how sales work so instead of looking

just at primerica look at other company's as

well and you will see there's not much in

difference. I cant account for other members in

the company just for myself and the things i've

done and seen.I know for a fact i've always been

sincere with my clients in all aspects of my

work expierence in sales. Hopefully this opinion

is able to shed some light on the situation.

Sometimes one has to see the whole picture and

not just what in front of them.

Mike suggests some reading for us. I have some for him. 10 Things You Need To Know About MLMs by Fitzpatrick, or How To Be Your Own Banker by Nelson Nash.

As far as the CEO of Compulife, he is a very nice person. I subscribe to the service he sells which tracks the term rates of almost 600 companies. It may influence his opinion.

My take on the whole life vs term debate is its silly. Both have their place. What happens is you get some people who think one if always superior to the other so both types of insurance get sold in inappropriate situations.

My advice; If anyone wants to talk to you about life insurance ask one simple question. "What's better...whole life or term?" If the first answer they give is anything other than "It depends" run as far as you can as fast as you can. If you don't you are about to be subjected to a canned sales pitch designed by some insurance company marketing department.

Hey Mike, Well put!!
Thanks for your intelligent insight.

I have been a represenative of Primerica for just over 2 years now. And in my time have heard a lot of bad things on this company I have had to defend myself on, and equally bad things of other such companies as well. Yet this is the first time I have seen things so badly blown out of proportion... on both sides I regret to say.

First off as for the original message I found it a little disturbing but mostly amuzing. I did not find the original message to be racist though so lets clear that up now. Also I will have to indulge the idea of our company sometimes seeming to be a little cult like but I assure you we are not and that it is only in a matter in which we are all able to participate and enjoy and nothing more then that.
Secondly when it comes to these so called law suits I to have done some investigating and thought you may find it interesting to know that not even one large financial company nor institution in either the USA or Canada has ever not been attempted to be suited for some action or another. Also that Primerica has never been suited or convicted in any court in the world to date. Also I should remind our original writter that it is in fact illegal to even make such claims without a link to such information otherwise it is called misrepresentation and slanderous.. both of which are obviously illegal. But that is also no matter to me honestly.

As to those of you out there who have seen bad representation of this company I would like to offer my personal apologies for this and assure each of you that we do not all conduct ourselves in such ways. Alas we like all companies have our good and bad people. Though I will not stoop to the level of telling someone else how to run there business. For I may also point out that we are each individualy contracted do we are in essence each our own company. SO how one decides to do there business is not necessarily how we all do it.

Personally as I said have been in the business for almost 2 years and have gained in that time a healthy clent base of my own... yet only in the last 2 months have I personally started recruiting. You see my RVP reccomended getting to know the business first before building a full one of my own... advice to which I adhered to completly. Now that I have gained a firm knowledge of the products we offer and other things in this field as well I am now looking to expand business and recruit good people to do the same.

As for the gentlman who complained that we do not offer other types of Life Insurance other than Term... well he is entitled to his opinions. But I would recomend such books as "The Million Dollar Barber", "The ABC's of Making Money", oh hell and for something more recent check out a 4 part article in "Canadian Money Saver ... titled The Great Debate-Term vs Whole Life" written by the CEO of compulife... not in anyway affiliated with Primerica are any of these and see what there views on this are.
We in Primerica do in fact believe in helping people achieve financial security and worth. One way we do this is simply put Buy Term invest the rest. Also through our FNA which once again we offer for free. Oh and what do we charge our clients... oh yeah nothing. We work strictly on referal basis as to make it affordable for our clients. We focus on the middle income families who fir the most part are ignored in this business. So yes I am comfortable saying we do whats right for our clients.

Also I would like to say to my fellow represenatives to take the higher ground here and please stop attacking the respondents in here. As we all know everyone is entitled to there opinions and we as upstanding citizens should respect that. Please do not misinterpret and feel free to defend yourself in here, but do not take these comments personaly and attack the issuer of those comments. In all aspects of our business it is a matter of repect and dignity in the highest regards. Something in which we must adhere to everyday both in places like this and in person if you really want posts like this to stop.

I do sincerely hope I did not offend anyone, and better still showed some people out there that our company (Primerica) is one of good moral standing and respect.

Thanks you,

I've got a friend who just joined crimerica. we both just graduated college together, and I found a job rather quickly, and he wasn't so lucky. He was always looking in the paper and he saw an advertisement saying, great opportunity all training provided. So he went to see what it was all about.

The guy that was doing the recruiting, told him that it would be $200 for his "independent business licence".

At first he was skeptical, as was I, but he went for a recruiting seminar, and he was all of a sudden hooked. He ended up totally signing up, and becoming totally consumed by it.

He's been doing this for almost two months now, been to numerous training sessions, working roughly 20-30 hours a week at it, he's made 3 or 4 sales, all of which his boss and his 5 superiors have made comission off of, and he has not made a dime. Not a single dime. He can't make anything until he passes the governemt exams set out for selling insurance and mutual funds, and his whole life he has not been great at testing and things like that, so he's having a hard time with that, but, they're not stopping him from getting them rich(bosses).... To keep him interested, his boss took him out to The Keg, for all the work he's done, but again, as i've said, after working for about 200 hours at a job, he hasn't made any return for his hard work. And i guarantee this happens to hundreds of people that try to work for Primerica, and every single person that has failed, has made their recruiters good commission.

His bosses and coworkers, are leading him to believe that he will be very wealthy if he keeps working at this job, dangling the buck in front of his face, and he keeps getting more and more excited. They take him to seminars to meet multi million dollar earners, and lead him to believe that he can be there one day. Out of 100,000 primerica employees i believe there are roughly a handful of million dollar earners. Out of that 100,000 there are 94,000+ employees that make less than 50,000.

I also went and sat in on one of these recruiting sessions, and the thing they try and do, more than anything else, is brain washing.
The guy that was giving the presentation said that he was in the middle of a 3 year diploma program and said he was sick of school and saw the add for Primerica and got into it. Really great guy to have as a boss don't you think? The whole point of the presentation was to try to appeal to people that don't want to go to college, don't want to work 40 hours a week, don't desire things like health benefits if you will. I thought it was a joke.

I would have to say that about 75% of the things i've heard about Primerica, are negative, the only people i've heard positive things from, are employees trying to defend their company and get another client.

I'm kinda sick of seing my buddy get ripped off, for his time and his work, and i'm sure there's tons more out there that aren't seeing the thing's i am.

I just got a call this afternoon from the company in question. They found me on monster. The man on the phone didn't actually answer any questions, but did say that he noticed I did not have a background in their line of work.

He also made sure to ask if I was willing to keep my career options open. I agreed to go to the meeting, but probably will not attend, as I have better things to do.

I am a horrible saleswoman, tried it time and time again.

I think the best way to avoid being "recruited" is to keep your information hidden when you post to one of those job matching sites out there. You send your information where you want it, when you want it there and no one else has it.

Thus ends the resulting aggressive, almost harassing phone calls and every day annoyance.

Also, I have noticed that the responses to the original report have been rife with errors from people claiming to represent this company on a very high level.

Primerica, that does not look good for you when people look you up after you make a recruitment call.

Please take care to put your very best foot forward when you recruit, rebutt and orient.

I was looking over some of the post, on this subject .currently I have a health and life, series 7, and series 63, and I have sold all kinds of securities in my life and the one thing that I learned is that in MOST sales business not all. There is always going to be some kind of fraudulent activity involved. All you can do as a sales person is try and separate yourself from that and make your money even if it is an MLM, TELEMARKETING-BOILER ROOM, or whatever . And for the record all of these companies claim to help there clients if they didn't how they would stay in business, what you younger reps have to learn is that. There will come to a point where you will need to separate your heart from your pocket. Because there is no way in any company that every client will be happy with
The company service.

Best of Luck ..

I was looking over some of the post, on this subject .currently I have a health and life, series 7, and series 63, and I have sold all kinds of securities in my life and the one thing that I learned is that in MOST sales business not all. There is always going to be some kind of fraudulent activity involved. All you can do as a sales person is try and separate yourself from that and make your money even if it is an MLM, TELEMARKETING-BOILER ROOM, or whatever . And for the record all of these companies claim to help there clients if they didn't how they would stay in business, what you younger reps have to learn is that. There will come to a point where you will need to separate your heart from your pocket. Because there is no way in any company that every client will be happy with
The company service.

Best of Luck ..

I was looking over some of the post, on this subject .currently I have a health and life, series 7, and series 63, and I have sold all kinds of securities in my life and the one thing that I learned is that in MOST sales business not all. There is always going to be some kind of fraudulent activity involved. All you can do as a sales person is try and separate yourself from that and make your money even if it is an MLM, TELEMARKETING-BOILER ROOM, or whatever . And for the record all of these companies claim to help there clients if they didn't how they would stay in business, what you younger reps have to learn is that. There will come to a point where you will need to separate your heart from your pocket. Because there is no way in any company that every client will be happy with
The company service.

Best of Luck ..

I was looking over some of the post, on this subject .currently I have a health and life, series 7, and series 63, and I have sold all kinds of securities in my life and the one thing that I learned is that in MOST sales business not all. There is always going to be some kind of fraudulent activity involved. All you can do as a sales person is try and separate yourself from that and make your money even if it is an MLM, TELEMARKETING-BOILER ROOM, or whatever . And for the record all of these companies claim to help there clients if they didn't how they would stay in business, what you younger reps have to learn is that. There will come to a point where you will need to separate your heart from your pocket. Because there is no way in any company that every client will be happy with
The company service.

Best of Luck ..

Well then that is good for you Stuart. If you are doing good things in the world, great. I know I am and will continue too. I made up my mind about whether or not I will join Primerica and to be honest I do not feel that I need to answer that with any of you. I checked this website too see what it was people hate about them. Jay, Leroy, and yourself had very good illustrations of the company, and than someone like Dave came on and had some good rebuttles. So I know that with this rebuttle the three of you will probably call me a moron and a shiller and all that crap even I did not answere so go right ahead. I look forward in your response and will then decide if it is worth my time to proceed seeking any type of information from you guys again. As you can see I have not insulted any of you with this response so I ask for the same respect.

Thanks for your time and insight. You guys offered both negative and positive information of the company.

Well then that is good for you Stuart. If you are doing good things in the world, great. I know I am and will continue too. I made up my mind about whether or not I will join Primerica and to be honest I do not feel that I need to answer that with any of you. I checked this website too see what it was people hate about them. Jay, Leroy, and yourself had very good illustrations of the company, and than someone like Dave came on and had some good rebuttles. So I know that with this rebuttle the three of you will probably call me a moron and a shiller and all that crap even I did not answere so go right ahead. I look forward in your response and will then decide if it is worth my time to proceed seeking any type of information from you guys again. As you can see I have not insulted any of you with this response so I ask for the same respect.

Thanks for your time and insight. You guys offered both negative and positive information of the company.

Well then that is good for you Stuart. If you are doing good things in the world, great. I know I am and will continue too. I made up my mind about whether or not I will join Primerica and to be honest I do not feel that I need to answer that with any of you. I checked this website too see what it was people hate about them. Jay, Leroy, and yourself had very good illustrations of the company, and than someone like Dave came on and had some good rebuttles. So I know that with this rebuttle the three of you will probably call me a moron and a shiller and all that crap even I did not answere so go right ahead. I look forward in your response and will then decide if it is worth my time to proceed seeking any type of information from you guys again. As you can see I have not insulted any of you with this response so I ask for the same respect.

Thanks for your time and insight. You guys offered both negative and positive information of the company.

Well then that is good for you Stuart. If you are doing good things in the world, great. I know I am and will continue too. I made up my mind about whether or not I will join Primerica and to be honest I do not feel that I need to answer that with any of you. I checked this website too see what it was people hate about them. Jay, Leroy, and yourself had very good illustrations of the company, and than someone like Dave came on and had some good rebuttles. So I know that with this rebuttle the three of you will probably call me a moron and a shiller and all that crap even I did not answere so go right ahead. I look forward in your response and will then decide if it is worth my time to proceed seeking any type of information from you guys again. As you can see I have not insulted any of you with this response so I ask for the same respect.

Thanks for your time and insight. You guys offered both negative and positive information of the company.

Leroy is an independent agent so he's not tied down with any company, I'm not working in the insurance industry. With Jay I'll let him speak for himself.

With you, you're in league with the devil (Crimerica). I know that me, Leroy and Jay will go with a clean record and clear conscience. So Edgar, when will you come clean?

Leroy is an independent agent so he's not tied down with any company, I'm not working in the insurance industry. With Jay I'll let him speak for himself.

With you, you're in league with the devil (Crimerica). I know that me, Leroy and Jay will go with a clean record and clear conscience. So Edgar, when will you come clean?

Leroy is an independent agent so he's not tied down with any company, I'm not working in the insurance industry. With Jay I'll let him speak for himself.

With you, you're in league with the devil (Crimerica). I know that me, Leroy and Jay will go with a clean record and clear conscience. So Edgar, when will you come clean?

Hey guys don't answer to these guys anymore it just makes the company look bad. Let them put there blog of blah, blah, blah and just get out there and show people that great things that the company does. So to all of you at Primerica: KEEP UP THE GOOD WORK.

To Stuart, Jay, and Leroy you guys keep up the good work as well. I will say that you are making your voices heard and if you feel that you are doing someone some good than you can rest easy, but if you are ripping people off as you claim Primerica is than you have to live and die by it and a higher power will deal with that.


Good luck to all of you!

please accept my apology. i never meant to insinuate that Leroys rebuttals to the shillers are worthless or meaningless. to the contrary, my only point ( and you guys know this better than anyone) was that these braindead zombies ignore your facts and post the same ole b.s from the crimerica playbook. in fact, i tune into this site each evening after opening my beverage of choice in order to read (and occasionally contribute to ) tearing these crimerica koolaid drinkers to pieces. keep up the good work, cheers, jay

I don't regard Leroy's post are worthless, regardless of the effect it has on Crimerica's shillers such as Dave.

Since RipoffReport.com is open to the world at large, then Leroy is helping those who are considering Crimerica, whether it be to join or enroll in an "investment" program, to see Crimerica for what it really is - a wolf in sheeps clothing.

There are a number of posts to this wonderful website where many thank RipoffReport.com for his posts and others.

Currently Crimerica is on the run. I have certain information that clearly shows this. I just wonder what the shillers will do when Crimerica goes under.

To all the shillers, remember this:

"Victim of a consumer Rip-off? Want justice? Rip-off Report is a worldwide consumer reporting Website & Publication, by consumers, for consumers, to file & document complaints about companies or individuals who ripoff consumers."

PRIMERICA... Scam, pyramid scheme?
If so, it's the 1st fully licensed, federally audited, with a publically traded and NYSE listed parent company, pyramid scheme in the world. Are there some scams out there and should you be careful? For sure. Is Primerica structured different than your job or your business? Probably. I've been an employee like the most of you and I've been a ?traditional? business owner like many as well. And in either case there's very limited room at the top. Every Department Store, Grocery Store, Post Office, Library, Restaurant, School, Bank and Church have a lot of people on the bottom and very few on top. Lot's of people are barely making it and a few people are MAYBE achieving their dreams. And for one of us to get to the top, it's usually at the expense of someone else. Someone has to die, retire, get fired, or quit for us to have a shot. I imagine you are all on this website offering your feedback and insight because you care. Right? I hope. So how about build people, care about people, and really love people. How about unite and win rather than divide and conquer? We're not talking rainbows and fairy dust. We're talking about uniting for a cause, doing what's right and giving people a shot. That's why I'm in Primerica.

And just a note... Primerica is actually a lot more like Real Estate than it is like a typical MLM. We have agents and a broker, a real office, real people, a VERY real service (I am sorry that not everyone is shown that), but the difference is you can earn your brokerage rather than just buying one. And as someone said earlier, college degrees and management experience doesn't put you at the top when you get here. But if you ARE all that, you should be able to get there anyway. The company doesn't look at someone's past (aside from legal issues of course), the company looks at your potential, your heart, your desire, your excitement to do something more with your life.

Is there a need for what we do and do we do what's right? I obviously wouldn't be here if I didn't passionately think YES! But I won't spend too much time on this issue because I don't think I need to.

Banks are in the debt business. If you pay off your loans they don't make any more money. They are not in favor of this. Who taught you to shop for lower rates? The banks. How come less and less people are paying off their homes and foreclosures are sky rocketing? Hmmm...
But they got a low interest rate... Maybe there's more to it than that. The banks have it figured out.

I'm not trying to bash on banks. I have checking accounts and banks are good for some things. Their purpose is NOT to get you Debt Free and Financially Independent though.

What interest do banks give on a typical savings account? 1%, 2%, 3%? What do these same banks charge as interest on the credit cards they issue? !7%, 18%? Does anyone reading this have a savings account and a credit card? Probably a lot of you. So they use YOUR money to collect at a HIGH interest rate and they pay you the LOW interest rate. The banks thank you.

What's the purpose of a life insurance agent? Is it to help you become Debt Free and Financially Independent so that one day you are in position to be SELF insured? Nope. They sell you life insurance. Have a nice day.

Investment firms help the rich, the Gov't helps the poor and the middle class is generally left to figure it out on their own. Schools teach the capitals of all fifty states and how long the Nile river is but not so much about how money works. People need help. Everything we teach I have implemented for my own family. And I'm sure you could improve your financial situation and have a bit more peace of mind if you just knew more. The Rule of 72 IS real and the Theory of Decreasing Responsibility is vital you understand.

By the way I looked up and found entries on this web site about The SALVATION ARMY, GOODWILL, The PUBLIC LIBRARY, The FIRE DEPARTMENT and The US ARMY just to confirm what I already knew... Some people will always find the bad in everything. It's sad. This country's not perfect, my marriage isn't perfect, I know your job's not perfect and Primerica isn't perfect. But it's a chance! A chance for someone with an average and ordinary background to do something great in their lives. And ?great? probably means something different to you... But does your job give you that chance? How's it going? Just like life, most people won't make it in Primerica. Just like life, 10% of the people will make 90% of the money. People won't tap into their potential, won't put in the hard work, won't be disciplined enough, won't be giving enough and persist long enough to make this work. Just like life. Will that be your life? I know I have a lot to improve on and I know my family's financial security is at stake. I know that average and ordinary isn't what I had always dreamed of. Just give me a chance!

WRITE BAD about us or whatever you're going to do, but PLEASE check out the HOW MONEY WORKS section of Primerica.com. Take the time to understand it and it WILL make a difference in your life.

And yet the laws of the universe will hold true again as those who need the most help will be the first to turn it down and discourage it. All I can do is all I can do. But I feel better now. And the BEST PART is that while most of you will bash, pick, tear apart, and look for fault as if there was a reward for it, at least 1 person is going to give Primerica another look... or is going to check out the website... or is going to give themselves and their family a chance to do something great... or maybe they'll just cut up their credit card. Maybe one person will begin to wonder if life is really all about being told how many sick days you can have, what time they need to leave their children to go to work, and how much they're worth. That's the best part. And that's why I'm in Primerica!

But every time you or me or Stuart or Skull Pilot refute a shiller, fresh eyes who might be consideribg primerica see it for the first time.. I'll never convince a shiller, I know that. In 99.9% of the cases time will convince them I'm right. I'm not worried about them. I want to save someone either the emotional trauma of having to turn down their brother-in-law trying to make a new "career" or trying to save them 10s of 1,000s of dollars by demonstrating to them their brother-in-law is a brainwashed zombie with only 50% of the knowledge necessary to manage someone's finances.

Dave,

Not that I do not want to reply your post. The last reply that I typed was never posted. I'll try to reanswer your questions.

To answer your question about your friend's gym: I have not talked to any members of your friend's gym, so I wouldn't know the exact reason why more of them choose not to go full time. However, I can make an educated guess that the main reason why they choose not to go full time is because they need to dediciate more time working and earning money. If they have all the money in the world and do not need to work, they can probably afford to spend more time in a gym and less time at work. However, since they don't, they need to spend time earning money. Developing a good fitness is not a necessity of life, but earning money is.

The gym analogy doesn't answer the question if Primerica is such a great opportuntiy, why wouldn't more reps choose to work full time. We're talking about earning money here. The only educated guess I can think of why more reps choose not to go full time is because it isn't a good opportunity to make lots of money (you can make a few bucks, but not necessarily a lot of money). Once again, if there are other reasons, please let me know. My mind is open and is willing to listen (but not neccessarily agree) to any explanations that are reasonable or are things that I've never thought of.

I've reread your earlier posts. My appologies for not reading it carefully enough and thought you've worked with Amway. However, you have attended an Amway meeting before (which I have not). Please educate me (when my friend's upline went to my home to do a FNA on me, he told me that one of Primerica's job is to educate others.) on your Amway experience. I am always under the impression that to succeed in Amway, you need to work very hard, must be very dedicated towards your work, and willing to do whatever it takes. You will also be told that if you follow the system, you will make it big in Amway. I thought in an Amway Opportunity meetings, they will tell you these things (correct me if I'm wrong). These things are so similar to how you've described what it takes to succeed in Primerica. How are Amway's promises to its sales force different from Primerica's? You too can't suceed in Amway if you're lazy or if you don't follow the system.

Of course, if you don't remember what Amways told you 12 years ago, or if you think you don't know enough about Amway to answer this question, that's understandable.

I knew that you didn't say "all". But since you were talking about the 80/20 rule earlier, and in the previous paragraph, you've described the type of people who can suceed in Primerica, "many" under this context can be interpretated as 80% of the people who are not being productive.

Your definition of "many" may be different from mine, but your statment that "many Primerica reps choose to watch TV instead of making appointment" is still a blanket statement. A lot of people make blanket statements all the time (eg. I've just made one), but when you accuse others of sounding silly for making blanket statements, shouldn't you be more careful in not to make any blanket statements yourself?

your argument with an imbecile shiller like Dave from el cajon reminds me of trying to convince my 9 year old that Oreos arent his most healthy option for breakfast. I know im right, you know im right, and anyone with an IQ over 100 knows im right, but all my son knows is that Oreos taste good. Dave the Dingleberry from el cajun "knows" crimerica is "backed by Citigroup", he knows that his term insurance provides better value (whatever the hell that means) than the substantially lower priced A++ rated competition, he knows interest rates dont matter, only time in debt matters, he knows that on the rare occasion you sell whole life it is because commissions are so much higher, he knows crimerica is the only company that provides a free FNA, he knows his brilliant RVP in the Bert Convy era leisure suit understands finances much better than any CPA, CFP, or JD like myself. in short, dave "knows" s**+ t!

your argument with an imbecile shiller like Dave from el cajon reminds me of trying to convince my 9 year old that Oreos arent his most healthy option for breakfast. I know im right, you know im right, and anyone with an IQ over 100 knows im right, but all my son knows is that Oreos taste good. Dave the Dingleberry from el cajun "knows" crimerica is "backed by Citigroup", he knows that his term insurance provides better value (whatever the hell that means) than the substantially lower priced A++ rated competition, he knows interest rates dont matter, only time in debt matters, he knows that on the rare occasion you sell whole life it is because commissions are so much higher, he knows crimerica is the only company that provides a free FNA, he knows his brilliant RVP in the Bert Convy era leisure suit understands finances much better than any CPA, CFP, or JD like myself. in short, dave "knows" s**+ t!

What I do know is if you Google primerica RIPOFF REPORT pops up right away.

I do know is that after chiding you for almost 2 weeks you finally decided to ask what a Net Loan Rate is and you came up with an synonymous term. However, you not only did you still not explain it you made the same erroneous analogy a paragraph later. That leads me to believe your leisure suited RVP that you asked really didn't know the answer either.

You said something about "my philosophy". I assume you were making some attempt to tie me in with those few relics of the past that try to sell cash value insurance as the primary means to save for retirement. Incorrect.

My philosophy is that when I meet a clent the first time I have an empty notepad in front of me and I listen. I don't go armed with a canned sales pitch the marketing department labels Financial Needs Analysis, which is designed to solve all problems with the same solution regardless of whether they fit.

My philosophy is also that once the problem and the solution have been determined I seek out the best possible deal for my client in the marketplace. I ignore marketing departments. Thay all say the same thing anyway. We're No. #1 because blah blah blah. Rather than fall for it, I make my own determination. To put my money where my mouth is I pay for a premium tracking service that gives me the rates for 600 companies and updates them bi-monthly.

I agree, the front loading between a mutual fund and a life policy are very different. A mutual fund front loads from day #1 and never ever stops. By the way, you never addressed this question either........is the money in a mutual fund government guaranteed like the cash values in a life insurance policy are? A simple yes or no will do.

When you tried to make fun of the concept of having a death benefit in place for life you said I sounded like a "termite", (which is insider jargon for a person who believes in term insurance.) I am a termite. I sell term 90% of the time. However, there are times when term doesn't do the trick. In some of those times the cash values ARE irrelevant to the client. I'll repeat because obviously you didn't understand it the first time........"in essence the client is buying term insurance to age 100, or 120 in the new policies". The cash values are meaningless to this type of client. All he wants is a policy he will die with at the lowest possible premium. I can do that for him, you can't.

Lastly, even though I don't believe in funding retirement or college with cash value policies, I do think they can be a portion of the overall portfolio. They will give a client a NET return similar to municipal bonds, have better taxation, and be government guaranteed.

Wow, you must see me as quite a formidable adversary Leroy, seeing as you put considerable effort into you responses. I feel honored.

I'm sure that most of you ROR readers have noticed (he makes it painfully obvious) how Leroy only addresses about 10% of my posts? Super easy for you to pick and choose, I know, but you really should try harder to discredit me if you intend build any sort of real credibillity around here. My favorite is that you stay miles away from my telling everyone to google "term vs. cash value". Tell me, Have YOU done that yet? When you do, tell me what you find (or more importantly, how many articles you had to search through that support 'buy term and invest the difference' to find a few that support your philosophy).

First of all, I am not part-time. Second, your net rate loans, or your fancy term for a "wash loan"--of course I know of these. But thank you for trying to sound all fancy about them...you must do a great job of confusing your clients. Selling a high-priced VUL must be a walk in the park for you.

Also, as far as front-loading goes, your comparing the MF to whole life is like comparing apples and oranges. While they are BOTH front-loaded, you don't have to borrow your money from the MF in the form of a policy loan.

Speaking of discrediting; Leroy says:
"Dave asks how many policies have I seen with Option B on them. It doesn't matter. Its a dumb question that demonstrates Dave's lack of knowledge about cash value products and their best use. This is why it doesn't matter;
a.) if the client is concerned with the cash values, like a small businessman using a policy as a temporary tax haven for moneys in a good year, he will opt for Option B. He wants his cash value back, however;"

(and this is where it gets good, folks)

"b.) if the policy is designed to provide a constant death benefit until the client dies, then the cash values become irrelevant and Option A is chosen because it will provide the lowest possible premium to achieve that goal. Option B is not better than Option A or visa versa. They are just different."

Wow. Did you really just write that!? You sound like an A.L. Williams 'Termite'! Do you realize that you said that the cash value is irrelevant in that cash-value policy? Why not have term then for much less premium? And BTW, as far as catagory A is concerned--WHO IN THEIR RIGHT MIND WHO BUYS A CASH VALUE POLICY ISN'T CONCERNED WITH THE CASH VALUE?!? That's just got to be the dumbest thing I've ever heard.

Now onto Edwin.

Did you even READ my posts? I was NEVER involved with Amway. Go back and re-read it for yourself.

You say: "You then said "the fact that many agents in PFS choose to watch TV instead of make a call to set up an appointment" ... How would you know about that? Did you too speak to all 125,000 reps to find this out?"

Here comes you IQ test: Did I say "all"? I believe, yeah, I sure did say 'many'. 'Many' is completely up to interpretation, and it's not my fault that you interpereted to mean 'all' of them.

Then you say: "Similary, there can be many reasons why people aren't making as much money in Primerica. How would you know "The ONLY reason people don't make money in PFS is because they CHOOSE not to"? When you don't interview all the reps from Primerica who aren't making money, wouldn't your statement sound like a 'blanket statement' as well?"

OK, here I don't need to generalize. This statement is FACT. If you WANT to make money at Primerica, then you can. Period. There is ABSOLUTELY NO REASON that someone who gets coded with our company cant make money outside of a choice not to do so. AND, you help me prove myself with your next statement that reads:

"You too are making generic statements Primerica reps. If you think another person should feel silly about making generic statements, shouldn't you feel silly yourself? I don't know whether your stats that says 80% of the reps who work at Primerica only work part time is a good sign. If Primerica is such a great opportunity, why wouldn't more reps choose to work full time?"

Would you agree that a gym is a pretty good opportunity for someone who wants to become physically fit? I think that you would. So, if a gym is such a great opportunity, why wouldn't more members choose to work out full time? I have a friend that does sales for a major fitness club, and the national stats for their chain show that only 16% of its members visit the gym at least once a week. Edwin, can you tell me why that is? Gyms are like $40 a month aren't they? Seems like a waste of money to me if your not going to use it.

Alright boys, have your fun with this one. Talk to you later.

A couple of special points I'd like to make.

Everybody is aware of the saying, "Beware of a wolf in sheep's clothing." William the Shiller is an excellent example of this.

He pretends that he doesn't belong to Crimerica saying, ",,,so I'm about 80% of the way to joining,...." The primary reason why he does this is he's trying to identify himself with those who are considering joining Crimerica. This way he's trying to gain more empathy from those who are undecided.

My second point: Crimerican shillers like to say that when something goes wrong for a recruit or a consumer, that somehow relieves Crimerica of responsibility. Not true. I also like to point out
that those (including me) make a sweeping generalization to the entire company or to the fat
cats at least, we don't need to go to every branch
nor to the corporate headquarters to know what's going on in general. For those familiar with statistics from mathematics, you know that you don't have to consider the entire population. You
just need enough of a sample to know what's going
on and Crimerica has surpassed that point many
times over here on Ripoff Report, let alone the rest of the internet.

Now I'll move on to the rest of the numbskull's
report.

"where are the issues these people mentioned?" All
over the Ripoff Report dummy.

"This company is doing business with some of the big dogs out in the industry." Many companies only care about the bottom line as you'll see when you check out Ripoff Report (there are still some
ethical companies out there).

"this looks like a real business opportunity." Is this why there are thousands of complaints about Crimerica on Ripoff Report plus over 100,000 agents leaving Crimerica each year. And don't forget, even the RVPs let alone the mere agents, don't own their downlines and clients. Greedy Crimerica does (check the IBA contract).

So knucklehead William I have a message for your fat catmasters which you can stick into your brain:

"Victim of a consumer Rip-off? Want justice? Rip-off Report is a worldwide consumer reporting Website & Publication, by consumers, for consumers, to file & document complaints about companies or individuals who ripoff consumers."

My room mate just joined Primerica a couple of months ago. I'm very interested in this business. I'm still developing questions to be answered, so I'm about 80% of the way to joining, but haven't joined yet. My key question is where is the rip off? Where is the scam? I just don't see it in this report.

It's like when I was searching for hotels for this last trip I went on, and people made negative comments in their reviews, I was asking, where are the issues these people mentioned? It just seemed like this person had a bad experience with this group of people. But if I had meet some of the jerks and buster that work in my company before I accepted the position, and then let them be my whole opinion of the entire company. I would have missed out.

The original report that was submitted shows me this thing isn't for this person. I too can do without some of the amen rah rah cheering stuff. But people will be people. The vague answers, I haven't had to deal with that. My roomate and another guy in his upline have been straight forward and very porfessional. This company is doing business with some of the big dogs out in the industry. So their financial creditibilty isn't even a question. They have competitors throughout the financial services industry. What I haven't found is many companies targeting the same market. Which is middle america. I still have questions and those questions so far are being answered.

The other thing I'd like to point out is the original person seems to totally be thinking like an employee. Theres nothing wrong about that, if your looking for a job, which it seems like they were. Their questions and concerns are valid if he were trying to get hired, not start your own business. It almost seems like the person in Primerica who was trying to recruit them was being slim shady, which leads to confusion.

For what I can see, this looks like a real business opportunity I can get in and start for little money. And it looks like I can make what I want from this.

Let me know if you have any questions.

My room mate just joined Primerica a couple of months ago. I'm very interested in this business. I'm still developing questions to be answered, so I'm about 80% of the way to joining, but haven't joined yet. My key question is where is the rip off? Where is the scam? I just don't see it in this report.

It's like when I was searching for hotels for this last trip I went on, and people made negative comments in their reviews, I was asking, where are the issues these people mentioned? It just seemed like this person had a bad experience with this group of people. But if I had meet some of the jerks and buster that work in my company before I accepted the position, and then let them be my whole opinion of the entire company. I would have missed out.

The original report that was submitted shows me this thing isn't for this person. I too can do without some of the amen rah rah cheering stuff. But people will be people. The vague answers, I haven't had to deal with that. My roomate and another guy in his upline have been straight forward and very porfessional. This company is doing business with some of the big dogs out in the industry. So their financial creditibilty isn't even a question. They have competitors throughout the financial services industry. What I haven't found is many companies targeting the same market. Which is middle america. I still have questions and those questions so far are being answered.

The other thing I'd like to point out is the original person seems to totally be thinking like an employee. Theres nothing wrong about that, if your looking for a job, which it seems like they were. Their questions and concerns are valid if he were trying to get hired, not start your own business. It almost seems like the person in Primerica who was trying to recruit them was being slim shady, which leads to confusion.

For what I can see, this looks like a real business opportunity I can get in and start for little money. And it looks like I can make what I want from this.

Let me know if you have any questions.

My room mate just joined Primerica a couple of months ago. I'm very interested in this business. I'm still developing questions to be answered, so I'm about 80% of the way to joining, but haven't joined yet. My key question is where is the rip off? Where is the scam? I just don't see it in this report.

It's like when I was searching for hotels for this last trip I went on, and people made negative comments in their reviews, I was asking, where are the issues these people mentioned? It just seemed like this person had a bad experience with this group of people. But if I had meet some of the jerks and buster that work in my company before I accepted the position, and then let them be my whole opinion of the entire company. I would have missed out.

The original report that was submitted shows me this thing isn't for this person. I too can do without some of the amen rah rah cheering stuff. But people will be people. The vague answers, I haven't had to deal with that. My roomate and another guy in his upline have been straight forward and very porfessional. This company is doing business with some of the big dogs out in the industry. So their financial creditibilty isn't even a question. They have competitors throughout the financial services industry. What I haven't found is many companies targeting the same market. Which is middle america. I still have questions and those questions so far are being answered.

The other thing I'd like to point out is the original person seems to totally be thinking like an employee. Theres nothing wrong about that, if your looking for a job, which it seems like they were. Their questions and concerns are valid if he were trying to get hired, not start your own business. It almost seems like the person in Primerica who was trying to recruit them was being slim shady, which leads to confusion.

For what I can see, this looks like a real business opportunity I can get in and start for little money. And it looks like I can make what I want from this.

Let me know if you have any questions.

Edgar's earliest post on that thread is dated 7/14/06 where he says he's changed policies twice and suggested going over the policy thoroughly before signing up. No problem with that post as consumers should know what they're getting involved with.

The problem started when that moron, Edgar, posted on 8/3/06 telling me, Leroy and Jay what to do which is what a typical Crimerican shiller would do (I believe this is another Crimerican ploy to pose as a wolf in sheep's clothing when he claims he doesn't work for Crimerica).

It's clear that posters such as myself, Edwin, Leroy, Jay and others are trying to help out the consumer (judging from the responses, it appears we're making a positive difference) while we know what shillers such as Gary from Wichita or Ron from Bonita stand for. Regarding Edgar he appears to have such little knowledge that I figure he recently went to work for Crimerica.

For all the shillers, drill this into your brains:

"Victim of a consumer Rip-off? Want justice? Rip-off Report is a worldwide consumer reporting Website & Publication, by consumers, for consumers, to file & document complaints about companies or individuals who ripoff consumers."

Hi Stuart,

It's quite interesting that you keep mentioning that you believe Edgar works (or will work) for Primerica. This report will probably be of interesting to you.

http://www.ripoffreport.com/reports/ripoff187667.htm

Can the Edgar who is rebutting as an employee of Primerica in that report be the same Edgar who keeps claiming in here that he does not work for Primerica nor has he ever signed an IBA with Primerica?

First Crimerican whipping boy Dave of El Cajon:

Dave posted this on 8/18:

"All the documentation you need is that in 2005 Primerica paid out $610 million to its sales force. (BTW, we paid out more in death claims) Now, how is that just on my word? See for yourself:"

Dave that is just on your word because that's not how it reads. Here's what it actually says:

"Paid out $610 million in compensation in 2005." Now pay close attention Dave as I don't want you to strain your brain too much. Compensation can mean salary, but it can also mean covering a loss and based on context from that website you gave, I firmly believe that the second meaning is intended. (fatcatmasters, can't you do any better than this loser?)

Now on to Edgar of La Habra. I'm expecting that you'll someday post on here that you're going to go to work for Crimerica (although I have no doubt that you already do).

So for you, Dave and Tony from Temple, I have a
message to burn into your brains which is:

"Victim of a consumer Rip-off? Want justice? Rip-off Report is a worldwide consumer reporting Website & Publication, by consumers, for consumers, to file & document complaints about companies or individuals who ripoff consumers."

Thanks for making my day again boys!!! I just love your insights. It's wonderful and may you both have a great and productive day,

chanting the same ole bulldung but failing to address these hard facts:
your companys recruiting tactics are deceptive and borderline fraudulent.
the "recruiter" steals the recruits warm market leaving him/her to twist in the wind.
the vast majority of crimericas reps are undereducated assclowns pitching the same ole one size fits all b.s about their "unique" FNA.
your term insurance is vastly overpriced , especially for women, leaving your "valued" clients either underinsured or overpremiumed.
your not so smart loan costs your clients tens of thousands of dollars in extra interest payments.

Why do I post same things over and over? The first reason is because primericans come here and repeat the same drivel they hear at their meetings over and over and over and over ad nauseum. Secondly I respond to each one as if I hadn't said the same thing before because most people will not take the time to read 40 different threads with anywhere from 5-500 posts in each one. What I said on May 22, 2005 probably won't get read by someone coming here to look on August 23, 2006. I say what I feel is pertinent to that person despite the fact I may have said the same thing 4 months ago. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> I made a blanket statement about PFS reps not knowing why the statement "you have to borrow your own money" is wrong because over 30 years I've asked my fair share of primerica reps that question and not one has ever responded correctly. You quickly followed up this paragraph with two more statements showing that you don't know either. You made no mention of NET loan interest rates, which average 2% and with many companies are contractually guaranteed to be zero percent. The reason you didn't mention it is because you didn't know it. You don't know because your handlers at primerica didn't tell you. It interferes with the story they spin for unsuspecting consumers and gullible newbie agents. It takes a bit of intellectual curiosity to find these things out but virtually every primerica rep I've ever spoken to or exchanged posts with doesn't want to know facts which may be disturbing to them about what they are doing and because it says something about themselves that they believed what they have been told without questioning it. They are afraid if they find out primerica lied to them they will begin to wonder what else they were lied to about. So now I'll ask you the same question Gary in Illinois and Ron in Bonita, both who claimed to be RVPs, couldn't answer. Tell me why the statement "you have to borrow your own money from a cash value policy" is wrong. You have the advantage. If you want to you can go back and read about 50 of my posts in which I reveal the answer. By the way, your example about not having to "borrow" money out of a mutual fund was a non sequiter. Its meaningless to this conversation. Its as meaningless as if I had said "mutual funds are not FDIC or CIGA insured". Its true but meaningless to the conversation at hand.

Dave,

First, you asked Leroy "Have you actually spoken to ALL 125,000 PFS reps and asked them about whole life? Hmmm, sounds like a 'blanket statement' to me. I'll bet you feel a bit silly now, don't you?"

You then said "the fact that many agents in PFS choose to watch TV instead of make a call to set up an appointment" ... How would you know about that? Did you too speak to all 125,000 reps to find this out?

Similary, there can be many reasons why people aren't making as much money in Primerica. How would you know "The ONLY reason people don't make money in PFS is because they CHOOSE not to"? When you don't interview all the reps from Primerica who aren't making money, wouldn't your statement sound like a 'blanket statement' as well?

You too are making generic statements Primerica reps. If you think another person should feel silly about making generic statements, shouldn't you feel silly yourself?

I don't know whether your stats that says 80% of the reps who work at Primerica only work part time is a good sign. If Primerica is such a great opportunity, why wouldn't more reps choose to work full time?

Since you too have been involved with Amway, I hope to ask for your opinion. You have so much faith in the Primerica's business model. I understand your gf is doing very well. At the same time, look at how you're describing Primerica's business model. YOu said

"Primerica is a business for people who WANT to win, and are willing to do what it takes. Does it take hard work? Yes. Discipline? Yes. Dedication? Yes. Do many people fall short in these areas? Hell yes."

Wouldn't Amway sales people use the way to describe its business model? And there are people who succeed and make millions and millions of dollars from Amway too; and for them to suceed, they also need to work hard with disicipline, and are willing to do whateer it takes.

Some people will succeed in Amway, and some people will suceed in Primerica (ie your gf). Since you've been with Amway (and you hated it) and Primerica, can you please tell us the inside scoop on how are their business models different from each other? Thanks.

It seems to me that you post here over and over because you are trying to convince yourself that that PFS is bad and you are good. Why do you feel the need to post here and say the same things day after day after day? Have you ever taken the time to think about that? Maybe a therapist can help you with this, so that you can spend more time trying to be a productive member of society.

You say that I am not qualified to judge whether or not I have made an improvement for my clients simply because of a rebuttal post on this website? I'd hate to have you on a jury. If you look back at the (seemingly) several hundred posts that you have made here, you will notice that you make many remarks that are not qualified with facts. When you are at dinner with someone who says that they like salmon, do you ask them to qualify their statement?

"My favorite example of this is "in a whole life policy you have to borrow your own money". Not true and 99.9% of primericans can't tell me why."
--Have you actually spoken to ALL 125,000 PFS reps and asked them about whole life? Hmmm, sounds like a 'blanket statement' to me. I'll bet you feel a bit silly now, don't you?

You and I both know that certain types of cash value have their place in certain situations. I wont dispute that. BUT, you also know that the majority of agents push cash value in almost any situation because they make a fatter commission on it than they do for term, and many do so knowing that term would be the better option. Just Google "term vs. cash value" and you all can find out for yourselves.

I have several clients who had a cash value policy in place and have advised them to keep it in force for various reasons. The blanket statement that I WILL make is this: For the majority of people the obvious choice is term, but many have been duped into some type of cash-value.

Speaking of borrowing money from a policy, what about the policy loan provisions do you have trouble understanding? Once you actually have any sort of cash value on your policy (2 to 5 years into it or more), you can take a policy loan if you need the money. You do have to borrow your own money from a cash value policy if you plan to keep it in force. And you have to repay the loan at an interest rate of between 6% and 8% if you want to recieve the full death benefit. Now, if option B is selected, this can change things, but really Leroy, how many cash value policies have you seen where option B was selected?

You can choose not to repay the policy loan, but you risk the policy lapsing in certain scenarios. Being as educated in insurance as you are Leroy, I'm sure you know what these scenarios are and therefore I will not go into it much further. BTW, If you had invested you money into a mutual fund and wanted to get the money, would there be a provision in place that asked you to pay the fund back a 6% interest? Just curious...

And now on to your unqualified statement about PFS commissions and the poverty level. How does that have ANYTHING to do with a business model like Primerica? You divided up the total commissions by the number of reps? I hope you don't use the same 2nd grade math techniques to help your clients out. The ONLY reason people don't make money in PFS is because they CHOOSE not to. Yes, what you do in this life comes down to a choice, and you have to make it. The 'fat cats" as you call them, and myself included, we made the choice to follow the system, and as a result we are making good money at it.

Did you know that about 80% of PFS agents are part-time? That's the beauty of the Primerica opportunity--you can do PFS without leaving the steady income of your full-time job. You can earn an extra $500, $1000, or more per month on a part-time basis, and decide for yourself if you want to recruit a team and go full time. Now, as we all know, not everyone who has a gym membership shows up at the gym 3 times a week. The same holds true just about anywhere else, and is true in PFS as well. Out of the 125,000 coded PFS agents we have now (give or take), about 20% of the people do about 80% of the production. The 80/20 rule applies pretty much everywhere--your church, your job, your family--stop and take notice once in a while. And truth be told, some agents don't do ANY production--they simply keep coming because they like the atmosphere. God bless 'em.

Primerica is a business for people who WANT to win, and are willing to do what it takes. Does it take hard work? Yes. Discipline? Yes. Dedication? Yes. Do many people fall short in these areas? Hell yes. Why do 90% of new small businesses fail within the first year or two? Why are there thousands of different diet and weight loss programs out there when medical experts have claimed over and over again that for the majority of overweight people excercise AND a healthy diet (yes, you need to do both) is all it takes? Why is the college drop-out rate in America one of the highest in the industrialized world? Do you think hard work, discipline and dedication might have a few things to do with it?

Does the fact that many agents in PFS choose to watch TV instead of make a call to set up an appointment have any REAL bearing on the income potential associated with Primerica? Please dig real deep into that IQ of yours to answer this question...and PLEASE think real hard before you respond to this question in particular. Your credibillity may depend on it.

Here is the difference between us......you say if the SMART loan strategy won't work, you abandon it. I wouldn't be caught dead selling that thing to anyone under any circumstances. My analogy is this....you find a person who has a knife stuck 8 inches into him. You pull it out and stick a different knife into him but only 4 inches and then say you're a great guy because you have improved his situation. NOT TRUE. You aren't supposed to just screw him less...you are supposed to direct him to where he can get the wound healed.

The SMART loan is bad news because it locks a person into an interest rate far higher than they could have qulaified for and over the course of the loan it literally means the poor consumer will pay $100,000 or so more in interest. I agree ARMs, negatively amortized loans, etc.... are all bad, but I throw the SMART loan into the same category.

You say you sell primerica because of the Financial Needs Analysis (FNA)and it works if the client follows it. FNAs are not in the least unique to primerica. You can buy the forms on the net by the boxload if you want to. Every other company has a similar instrument....and yes, they will all work too.

You say the only difference between primerica and the others in the industry is the marketing strategy. I have seen other companies with slick marketing programs that are bad for the consumer too. Primerica sends out half trained people to counsel others on finances when they simply don't know what they are doing and have no business doing so. 99% of primerica people really just have the bare bones basics about this business down, and even then not all the basics. Remember, you only have to score 70% to pass the licensing exam.

I would never be a captive agent again for love nor money. I have a problem with captive agents. How can you sleep at night knowing you have to sell your stuff no matter how lousy it may be because its all you're allowed to sell? How can any primerica agent look a female in the eye and say "these prices we are quoting you are competetive" when you know they are nearly double other company female rates?

How can you guys continually use 12% as your Rule of 72 figure when less than a handful of mutual fund companies have averaged that for any length of time? I know you don't tell people they can be assured of getting 12%....but when you use 12% in all your generic statements you are implanting that figure in the mind of the unsophisticated consumer you people target. Its purposely deceitful without being illegal. The entire presentation primerica gives is full of examples where it is deceitful without being illegal from term insurance to loans.

Lastly, I can't understand how you people can have so little knowledge of how the rest of the industry works. Primerica tells you folks they are the only place that will give you this opportunity. Bullfeathers. There are at least a half dozen others doing the same thing PLUS, you can simply do it on your own and get compensated far more, compensate your downline far more, and sell better products to your clients. I have told at least a half dozen primericans on this board this and yet not a one has done anything but give me a rationalization of why they wouldn't look and see if I was lying or not.

How can you be happy sticking in that knife only 4 inches when someone is saying "here is the direction to learn how to treat knife wounds".?

You say your clients are better off each and every time you do business with them. My reply is that far too many part-timers at primerica really don't know whether someone is better off when they are done or not because all they have accomplished is successfully present a canned sales pitch. They really don't know the ins-and-outs of the products they are replacing, they only know what they have been told. My favorite example of this is "in a whole life policy you have to borrow your own money". Not true and 99.9% of primericans can't tell me why.

Your next statement shows precisely why you're not a qualified judge of whether what you have done is to the betterment of the client. You say "we replace cash value products with term.......yada yada yada". There was no qualifying remark like "inappropriate cash value products" or "poorly designed cash value products". You made a blanket statement because the presumption is that no cash value product could possibly be as good as primerica term. I can show you specifically where females can purchase cash value products for less premium than primerica term. How would they benefit from a term policy that charges more premium than the cash value product they have?

Your example about not worrying about paying 25 cents more for lemonade in the desert doesn't hold water (pardon the pun). Its one thing to pay $3 too much for cosmetics from Mary Kay than the supermarket charges, or to pay Amway $4 more for a box of laundry soap, or even to pay $25 a month more to primerica for term insurance............but when you dupe a poor unsuspecting person into paying $100,000 more in interest on a home loan than they should, (like the not-so-SMART loan does) ......then you have greatly effected in a negative way the long term finances of that family.....the very ones you say you are out to help.

You said MATH IS FACT. You're right...and anyway you cut it, any way you slice when you talk some poor sucker into paying 7.75% for a not-so-SMART loan when they could have qualified for 6.0% elsewhere, you have damaged that family very deeply and for a long time.

Here is another MATH is FACT line for ya.......when you divide up all that commission
you brag about primerica paying and divide it buy the number of reps it comes out to less than half the qualifying amount for poverty level...and that average includes the fat cats making seven figures.

Another fact, you throw in a statement about paying death benefits....well according to the figures supplied to me by another primerican (Ron in Bonita) the average death claim primerica paid is about $43,000 less than the industry wide average for death claims from term policies. I suspect it has to do with primerica term being overpriced so the average Joe can't buy as much as he needs.

You say nowhere else can you get the excitement and recognition primerica offers. All that "excitement" and "recognition" helps your client how exactly????? Does it help him make the extra $400 a month in interest payments on his home loan because you successfully transferred your excitement into talking him into a lousy mortgage when he could have had better?
Does it help his family if he dies and has $150,000 less death benefit than he could have had for the same premium from a higher rated company?

You say you're will on your way to high passive six-figure income just following the system others laid before you. Well, I'll never argue that the right person can't make a bucketload at primerica. I have a client who makes a bucketload of money too. He winters near here. He talks people into spending $30 trying win a $4 stuffed toy at a rigged carnival game. He too is following the same system set down by generations before him. Just because someone has devised a way to successfully market something doesn't mean what is being marketed is good for the consumer.

Is ALL about the money Dave. I liked it better when you didn't try to rationalize it. I've been in your shoes. I was once a captive agent for AAA. I couldn't stand it and left after 5 years to become independent so I could do what I KNEW WAS THE BEST FOR MY CLIENT....not what the marketing department and sales manager said was best for my client. Now I don't have to rationalize my sales on boards devoted to telling the world how shoddy the products I sell are.

i need to call crimerica headquarters and find out if a quarterly memo goes out asking for uneducated volunteers on the ripoffreport.com website.

To be honest I believe the names you've mentioned above are paid to rant, look up only the negatives, and become chicken littles. If they are I suppose I do have to respect that they are doing their job, not only that they may have been(and please allow me to use their vocabulary) "brainwashed" , but I'm sure they have their own family to feed. Regardless, if they do or don't, I've heard of competing businesses pay their agents to constantly complain and rant about how horrible Primerica is.

What I do advise people to do, is not to take advice from me, nor anyone else on websites like these. It takes 30 seconds to register, and a few minutes to type a rebuttal or post. Find your information from a credible source, where someone cannot just register with an email address with a fake address and complain about how the world is going to end. Seriously, search on hear about Mc Donalds..apparently they have scams too. Search Bank of America, so do they. Search any well known business name and YOU WILL SEE "SCAM".

Ridiculous. But regardless, I love you all.

Hey Tony- Nice response. Be prepared to be called a Shiller and a Moron. That's what they did to me and I just purchased a term policy and have been putting some money away into a retirement program. I initially was never going to respond but Jay, Stuart, and Leroy truely make my day. They get on here and insult everyone that does not agree with them. So Tony enjoy life and live it to the fullest.