For the second time since I had gotten here, a warning flag went up. He said to meet him tomorrow at 3:30 pm at the address he provided which was a Suite building. She gives me, the son she never had, an enthusiastic hug and promises to call me tomorrow with all of the details. They prey on our natural vulnerabilitis and at anytime any of us can find ourselves being lured in. Thank you so much for sharing the information! Very very unprofessional company. Sucker Me Not At This Time I immediately searched the company and came across this page. I never identified the gender of my child (which is a boy, by the way). Also, there is nothing on my LinkedIn profile that indicates I have any financial talent. I am left feeling overly annoyed. 2.Investigations of Allegations of Wrongdoing The compliance structure at PFS included two primary procedures that could detect wrongdoing on the part of registered representatives. And where, exactly, are you going to file that complaint? Didnt alarm me as I never heard of Primerica. I pasted a smile on my face and said of course, hes expecting you, he just stepped out for a few minutes though inside I was fuming. We finally found David. Very very glad I read this. Well, okay Atlantis it is. I think that phone call was probably someone in the office calling him to tell him that he was at an hour and that he could go ahead and wrap it up. The first red flag of the call was that she did not state the name of the company from which she called. Joke of a company, I hope it goes under. Im no stranger to mlm. Our conversation goes all over the place like before. Just got off the phone with one of them, It took me like 5 minutes to realize who they were again. A real boss would have trained me properly in the first place, not have been so blinded by potential dollar signs and a taking care of ME first attitude. The MLM company has all the power and they just sit there and watch the money roll in while their distributors lose. I then proceeded to google the companys name and before I could type in the full name I saw Primerica Financial Services scam, immediately clicked and was led to this page. Im not recruiting people into a pyramid scheme and praying that they recruit more so that I can make a few pennies. How to spot a pyramid scheme - Stacie Bosley TED-Ed 18.2M subscribers Subscribe 169K 5.4M views 3 years ago Learn the techniques and tricks that pyramid schemes use to recruit new members and. He called at 3:22 left a voicemail asking if I was having trouble finding the office. Call away, I figured. I was ready to mangle both of them Im so fed up with these lames at this time. But I really like you. One can only hope they were having a dinner party in the back and not a Donner Party If this company asks you to come in for an interview, bear in mind they are only after your money. So I asked if she had a website to see the company information and she said it wasnt set up yet. Well her assistant texted me the address and I like to research things so I researched it and the first result linked to a Primerica site with that address on it. 24 hours later he still hadnt responded. The manager said he liked me, from a business standpoint of course. Discouraged, I climbed into my own car and went home. They are a public traded company but a lot of slime-balls are publicly traded and perform well in the stock market. Youre just a bunch of lazy, whiny children. The insurance of Primerica is a company that is only said to scam people, using the method of false information, I have been 7 years with this life insurance and I am trying to cancel it because every year they are raising the price a lot, and tried to cancel and they are collecting my savings that I have in this policy, Last year I sent my cancellation letter and they do not want to cancel my insurance, I will have to ask for help from the government of *******. Okay, made perfect sense. Of course, I find that it is a scam and a pyramid scheme. Very creeped out. I remembered now, although I didnt pay attention then, how defensive he had gotten as he told me he was too wise to throw away money on a car. Now of course I realize that I was probably the only one who wanted to learn. If you could imagine all the evasive answers and asking me if I want to do an application. I have one question, how on earth such a place can exist for so many years, without drawing the attention of authorities? She asked if the woman and I interviewing would be interested in receiving our free financial health check as well as a follow-up appointment for the orientation session so I can get out there and start making money. Primerica, Inc. is a financial services company serving the middle-income market offering term life insurance and strategy for investments. When I sat down with the guy, it felt less like an interview and more like a sales pitch like you guys said. I am grateful for the posts by so many and I am glad I cancelled. I also am one of the many that got called out of the blue for posting my resume online. Thank god for the internet and all useful information we find on it. Good thing they never call me again. And yes the higher ups do benefit from your recruits they arent going hard for no apparent reason and they will convince you they are blue in the face that Primerica will help you build your own business within a business. The most obvious illustration of this was the outline he drew for me of their organization, a literal pyramid your work will be trying to enlist enough people that you can stop harassing your friends and family, and start luring in random people at department stores to hock insurance for you. He then mentioned that my job was a pyramid, and asked if it would ever be possible to get to the top in my company to which I responded, ABSOLUTELY!!! Additionally, the MLM structure sucks for the Primerica representatives. I was fresh in college, and desperately looking for a big girl job. this is defamation. I can promise you that he wakes up every morning wishing that he could go to work like normal people and not have to deliver that line of BS at the PFS opportunity meeting tonight. Thank you to all for your comments! Auto & Homeowners Insurance 4. At first I was impressed; but not so much now. I cant stand the fact that losers like yourself cant understand it. Every person recruits, and everyone below them recruits, and everyone below them recruits, and so on. I immediately texted Mary to shred my application and that I was not interested. Her daughter has had rough luck a failed cornea transplant has left her half blind. If you are looking to contact Primerica directly, call them at (800) 257-4725. Ex boss is close with a bunch of guys who are all at Primerica around here. I, pretended was interested, really put on an academy award performance. Primerica life insurance typically costs $20 to $50 per month for healthy individuals. I went to all of the trainings thereafter, but it was the most painful thing to do. At the time my mind was elsewhere so about 10 minutes later I called her back and asked her what company she was with, who referred me and what position was I interviewing for. I am not. What I found was that most people dont want help with their finances and many (foolishly) refuse to spend money to own life insurance. I tell her my mom had me when she was 18 and I grew up poor. Talking to him? Many years ago I was involved with Primerica. The other woman never shows up. I got suckered into almost joining by two very good friends. Regardless, I thought I was really starting the new year great but Im more relieved they taught us about pyramid schemes in high school. To the last comment, the most draining 2 months?? They particularly seem to prey on unemployed, with a get rich pitch. not entrepreneurial Thanks for the info. We set up the interview within a week and Ive never had someone more eager and desperate to hire me. I mean, what was taken from them? Then he went even further to explain that he could help my parents lower their insurance, debt, and help me pay for my college textbooks. Well John went into his little script of how he found my resume off of Careerbuilder and thought I had what it took to help the business. I dont know man. He frowns and shakes his head at me. Fact remains if you had joined the Primerica team and never reached any level of success you were probably not even trying and waiting for something to be given to you. BBB Business Profiles may not be reproduced for sales or promotional purposes. So i can give him people that i know and love names so he can call up and make appts with them to show how to sale them life insurance and close the deal. That is why the poor get poorer and the richer who work there ass off get richer! I thought the man I was working one on one with , who was soooo nice was helping me set up online banking , which is what he said , but in reality he was going into my account taking money out which he said they were not gonna do unless I signed up for the classes at a later date. Yes so would you call NYSE a scam? Dont confuse this with a real business. I did the hard work, but realized that I am was more ambitious than most. You are effectively a franchisee paying a franchise fee plus a percentage of your profits to the tier above you. I need papers and what not. I was wearing a ring on my fourth finger (its the only finger it fits) and she asked if my husband had a job, so I went along with it and said yes. There was a Prime America in the office building I currently work in, and I cant tell you how many young, eager, looking people would pull up looking nervous right before their big job interview. 2018 Sequence Inc. All rights reserved. My daughter was contacted by Primerica and she told them I was looking for a job. A pyramid scheme is an unsustainable business model in which original investors make money by recruiting others rather than by selling actual products or services. Get the BLEEP out my house before I rip our your weave!! I made to RVP , sold alots of policies yes made money but when my comminity questioned 35 year term beeng level term company simply forced me to step down . I was in the middle of Target, shopping in the electronics aisle. I thanked the VP for the opportunity and ended the call. Blah blah blah blah. Probably not the perfect business, but everyone I know needs to improve their financial situation. Tamara I have simple advice: Dont go. After reading all of comments, I will not be going. I was approached by a husband and wife in a Neighborhood WalMart store. I stayed through the interview anyways, fully knowing that I was already going to reject the FAKE position they had, but wanted to keep my commitment to the interview,and see for myself what kind of tricks they would verbally try to pull off. When you get that defensive and that angry, its like you feel the need to justify yourself so you go into defensive mode. I have no idea what license he was talking about, but I definitely did not think it was a good idea to make the payments via personal check to a preacher I had just met for the first time while interviewing for a helpdesk technician position that involved door-to-door sales. There is certainly no shortage of dreamers and fools in the world. He said he wasnt interested and she stopped him by saying that she wouldnt take no for an answer and proceed to schedule to come over to explain the details of her opportunity, we exchanged numbers and walked away since my husband was annoyed with the lady already, we bolted from the store and went home to google the name that i had seen on her sweater and we came across this post, after reading all of the comments my husband txt the lady to tell her that he was not interested in what she was offering and she responded with like three emails back to back insisting that she come over with her husband to explain to us what they do, since she was so vague at the store. I make a very nice income for myself with a legitimate business. The man calling me in for an interview was very abrupt and gave very little information, besides the address and time. So this person who called said a headhunter has forwarded my resume to him and ask if I would like to work for them. My friend joined this because the company we work at now isnt good and this company made her feel good about herself. This is just like Aimway, they make you sign up and promise you, you will make money fast and easy. You wouldn't want to associate yourself with them, especially when fully aware. However, when I suggested that my previous experience would leave me worthy of positions like Business Analyst, I was informed that those positions were only available in the corporate office located in Georgia. A man named Jack has recently added me on Facebook, first thing I check for with people I dont know adding me is their friends list, their About section and the consistency and validity of their posts to make sure theyre real and not some spam account. http://www.sequenceinc.com/fraudfiles/2015/03/multi-level-marketing-is-not-a-business-its-a-pyramid-scheme/. One of them asked out of the blue, how i like my job. (The clients DONT save money on services as compared to other companies.). the whole time during this first meeting it was very tense and uncomfortable. I talked to the women who contacted me through LinkedIn and her husband when I first got there. I can see where some think the avenue of recruiting equates to MLM but Id argue thats simply due to lack of knowledge. I cant thank you enough. If I could teach that to others, that would be cool right? I told her I dont have friends, so Im just telling her anything so shell drop it but she was so persistent it was ridiculous. You have to be deceptive to your warm market (family, friends, and contacts). There were 10 or so young men dressed nicely milling around. New faces=new prospects=new recruits=new sales. Yes There are 76 helpful reviews 76 No There are 37 unhelpful reviews 37. Like the other RVPs were worse off for working with people who didnt have it. overall goals in my life as of a 25 year old with 2 children The interview asked me only 4 questions and asked me to sign a contract looking employment form and said that I need to pay 99 dollars to pay for a background check and that i need to get a license. After realizing her main focus was getting recruits I began to question this whole Primerica thing. Cost varies depending on the policy and the applicant's age and health profile. PRIMERICA pls Stop dont west ppls time!! For instance, he said Whats your favorite restaurant? Bogus, obviously. However, it does not mean that because it is legal that the company' structure is not shape like a pyramid. Primerica asks their reps for quite a bit. It wasnt until i read all the posts on this blog that i truly realized i was being bent over that corner desk of his because so much of it made sense. This business is in a unmarked building near a woods, although that was scary enough I reasearched and found this. Later found out this company had sold my sister, whos a single mom, a massive EXPENSIVE insurance policy. A typical recruiting ploy in Primerica is the job interview. Probably would not have been any money in the retirement funds when people went to cash out. my son is employed there. Plus his wife worked full-time here too. Im 18 Im not looking to make that type if money like that, Im looking for something simply to get me through college. She asked if I was interested in working with them, and I said yes. This is how Primerica works. He asked us over 50 questions, where do you want to move? Only one company filed a lawsuit in a failed attempt to prevent these upgrades. I got a call after meeting with someone from the workforce. As someone whos in commission sales- I feel bad for people who fall into companies like this one. Are you looking for a Primerica review to determine if the insurance company is a scam, multi-level marketing company, or pyramid scheme? I leaned forward and held my breath to try to hear the womans reply through the phone. Recruiters lie to get people to join, because if they told hte truth about the almost guaranteed failure, no one would ever sign up. All MLMs eventually reach a saturation point where the bottom tiers are almost literally competing for scraps because the word gets out about the nature of their business model and they become shunned by most prospective recruits. She wore a black cocktail dress and quite a bit of jewelry. She gave me her number and asked to call claiming she was a hiring manager .. It is simply bait to make a [possibly desperate] job seeker to show up for a potential job that doesnt exist. Andrea Youve misstated the concept of MLM. The whole purpose is an endless chain recruitment scheme. Like I said, I own my own business and am looking for some sharp people to add to my team here. Notice how the representative not only deceived the job seekers. All in all, the research done prior to the interview was useful as some claims from the internet with regards to fake interviews were true. He said there were interviews for the next three days: a group interview and all the others were individuals. I sat through the whole thing and, unfortunately, was actually pumped up about it & ready to start making money! He gave me the address and I had the phone number now. Thats illegal. You will be expected to go out and find new victims to sign up for the scam. He didnt think to clarify my concern so I cancelled the interview there and then. please dont look me up. Very interested in knowing how you feel about State Farm and other companies that are taking clientssavings and withhold information to their clients so they do buisnes Is that not fraud? Gather the information and make up your own minds. You knowthat phone call that you set up when youre going on a date so that you have an easy escape if you need it?? When called at home, I got a vague assurance that I would be a good fit. She set up an interview for me tomorrow and told me to dress in business attire. She the. Out of curiosity, why not expend the same energy to become successful at something you love and be at the top of YOUR pyramid and opposed to being at the bottom of Primericas? Primerica provides term life insurance at a price that's quite affordable to most families. Duluth, GA 30099-4000 Visit Website Email this Business (770) 381-1000 Primary hours 9:00 AM - 5:00 PM BBB Rating & Accreditation A+ Accredited Since: 1/1/1980 Years in Business: 46 Customer. The agent was a very nice Italian-American woman who actually knew something about financial services. However the comments of one man on here did not sit right with me. My brother-in-law has been very successful selling Insurance through a smaller company, Modern Woodmen of America. Were looking for employment & to get taken advantage of. Brokerage Firm Regulated by FINRA (Atlanta district office) IA. He said no and proceed setting an appointment for me. Mary arrives and is her same cordial self. So a woman called kim called and set up an interview with me in a city nearby. Mary clings onto it for dear life. Aww. At first I was very happy considering I was Highly Qualified for something, but now seeing all these comments just makes me sad. It is generally legal, regardless of the fact that so many have no chance of turning a profit in MLM. I started to say but I thought and my face must have conveyed my thoughts because he impatiently rolled his eyes and cut me off, lowering the mouthpiece slightly, look, were not supposed to, but Im here to run MY business and I know what gets results.. You broke ass people who work in corporate America all work under a boss. However, companies, I was in college when they reached out to me about coming there to work. He did have an office, yes, but that doesnt necessarily mean he made the money to keep it afloat. All in cahoots. Then she laid it on the table: I needed to go out and start recruiting. I went to the interview to meet Anthony. I received a call today from a Primerica Representative about a management/ training job. I am not shown this. This is because the company uses a controversial multi-level marketing (MLM) strategy to sell its financial products, mutual funds, and life insurance policies through its agent's own personal relationships. Primerica gives additional life insurance policies that cover 10, 15, 20, 25, 30, and 35 years. I, too, have an interview for tomorrow that I doubt Ill go to now! This is a good money maker for Primerica and the finance industry in general- all on the backs of reps. * Finally, does it have to have an hourly salary to be job? The first 20 minutes started normal. They are so desperate for people. Yes, the fake interviews have occurred. All of his uncles work for Primericaeven Uncle Doug!! The first inkling of a warning flag went off in my brain. Thanks guy- I am happy I did not fall for this prank. I just had a very recent run-in with a Primerica recruiter. The whole thing seemed a little off to me. Because there is recruiting with so many levels, the distributor who sells the products receives much less money than if he or she sold similar services through a traditional insurance agency or investment company. Jeb- If you read most of these comments then you should already know that half of them was approached at their job like myself. I got a random call on my cell phone from a Primerica Financial Services rep in Charlotte, N.C. Said his office manager was trolling the Internet for resumes and found mine. Nice to know people are exposing this company! In any event, I told him I was not interested and he hung up. I understand everyone needs to make a buck. She tells me about running her financial management business in the suburbs, how shes trying to open an office in the city, how she bought another house to take care of her ailing mother-in-law. I want to shake my head at me too. . I literally didnt know the name of the company or the position until i walked into the interview. Such a shame. Tope Trading money for honest goods and services is not a ripoff. At one point I capitulated and however intrigued I might have been over the absurdity of the whole situation, I only wanted this conversation to be over and I did bring it to an end elegantly, by saying that I appreciated the time that he had taken, making the call and am sorry that I cannot help him with what he wants, given that I dont seem to understand what that might be. I wasnt expecting this friend would come with another person I do not know and have never met. My advice would be to at lease go in for the fake interview, gather informatican about the company for yourself, then decide if its for you or not. Often in a pyramid scheme, you'll be encouraged or even required to buy a certain amount of product at regular intervals, even if you already have more inventory than you can use or sell. They are lied to about the opportunity and I feel a responsibility to give consumers the information the MLM people will never tell them. I have a job, but looking for a change, I feel bad for people who are out of work and are honestly looking for a job! Lesson learned. FIRST AMERICAN NATIONAL SECURITIES, INC., PRIMERICA ADVISORS, PFS INVESTMENTS INC. CRD#: 10111 /SEC#: 801-72263,8-26486. Its all recruit, recruit, recruit and eventually a profit will be turned when enough people are in the downline. The lady that answered, said Prime America, how can I help you. He asked me to go for a job interview somewhere in a Manhattan building. I see this company hasnt changed much since my friends husband tried to recruit me 4 years ago. Is that where you have a head honcho at the top and workers at the bottom, like, I dont know, Walmart? I dont remember exactly what he said to me but I realized Id been lied to and I was so mad that I just walked out. I made the mistake signing up thinking I was signing up for life insurance and trying to help a friend out that works for this company. We were to ask them for a penny (hoping it would be a new penny because those are weaker/thinner than the old ones), and with the new penny we were to use the best cutting scissors ever to cut easily into the penny. He first asked me about past employment, what im going to school for (Chemistry major), my hobbies, etc. I made a decent living $30,000, but its much harder than most people even imagine and it truly does require that you do oodles of prospecting. Needless to say, not going. . She was upset and wanted to know who told me those rumors. Lies and time wasting leading to a quick fumble at your wallet. Average salary is 6K per year less than McDonalds. I said ok and never went back. I think you are mistaken. Of course that is enticing. I have been with Primerica for almost a year. SHe is paying double for the same thing. She went thru a 45 minute pitch for their pyramid scheme. He said he worked for a brokerage firm and was looking for managers for several offices he is opening in the area. When I walked into the office with them, there were a ton of chairs positioned around this little stage, with some type of intermission-like video showing and loud remixed music playing. The outdated nature of your claims constitutes libel until corrected. If this is not deceptive, what is? The business when presented me, gave me th opportunity to sell other things, like Legal Shield memberships. Called a local Primerica agent in the spring of 2011. The first level is the office or team level, the second level is the agents who work for the office/team. Hence, the dance around questions began. Those products should be purchased at companies other than Primerica. She also asked me if it was true that I had management experience, which I thought was a strange question because if she had actually reviewed my resume, she would find that I indeed have about 7 years of management experience in both sales and customer service. As always, researching before contacting is saving me from MLM opportunities/, I had a brief interview with a ( PRIMERICA REPRESENTATIVE ) , right from the start i saw the deceptive BS that they where trying to scheme up. You have a manager a supervisor and an employee. Yes, the office/team gets part of every sale because they play a part in every sale. Suddenly it occurred to me, who knows what that really means in context. Fortunately, my paralysis didnt last long. Stopped at a job fair. I said to him I got a call for an internship two weeks ago but they never got back to me, so I was actually happy to have received that call from him. They have to recruit their own people. The big no-no for me was that I asked him for a pamphlet, like an information sheet and he was like what do you mean. It would be too painful to add up all the hours, dollars, and gas I had so far invested into this business. Ok guys,heres my story: I work two part time retail jobs and am seeking to leave both for one full time position. Am I applying for a job? She deflects quickly, This is the part when I get to know YOU. What a crappy thing to give your life to. Does How the Company Works Show a Pyramid Scheme? So the First 20 minutes seemed normal, but then it got suspicious. Pull out your phone. He then asked me to write down 25 people in my contact list over 18 and he would call them for me to see if they would buy insurance and give me part of the profit and get me started. When you write a resume, youre looking for a job, not an opportunity. Now I have my 2-15 and Im not going to waste that on just Primerica products. I walked in and saw chairs set up like there was going to be a lecture. But, the girl I were with got in the rm first then about 6 mint or so the guy came back & say give me 5 mints for you to be in the rm. Because most likely many of you canceled your appointments, and during that appointment time ended up doing something unproductive anyway, like watching TV, or browsing the Internet. Primeamerica is a legit insurance company. So, with that experience under my belt, life goes on. Posted on . Anther warning flag went up. I also received a phone call from a guy who said had my name refered to him by someone. He called the next day and asked to me come to his office so we could talk more. Those who participate have bought into the lie that they own their own business. To start making money and sign up as a Transamerica distributor you will need to pay a processing fee of $100 and to start recruiting new members you will need to pay another $300. Like the $1000-$2000 a month for 10-15 hours a week? Isnt it a blatant cheating? I met with her, and liked what I saw. https://www.nasdaq.com/press-release/mary-kay-inc.-announces-awards-milestones-and-accomplishments-from-full-year-2022 Anyone quoting pink truth (aka themselves) like this attempted sub-feeder blog and the gm one, I agree!