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That drives traffic to this page, where potential victims are getting the real story and are able to avoid the company! Think Enron, Bernie Madoffs investment scheme, etc. Naturally, none of this sounded normal. The SEC found that PFS Investments Inc. had failed to have in place effective policies and procedures to follow up adequately on three complaints received about the Dearborn registered representatives, "selling away" activities. But im not stupid so i looked it all up what the job was and where it actually was and this seems to be all true. In the end i never scheduled a follow up. She identified herself as PFS, never mentioning Primerica. 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!!! Its interesting that I came across this, especially since Primerica is also traded on the stock market. While many financial professional aren't interested in working with the middle class,* Primerica is committed to helping Main Street families save and invest for their short-term and long-term goals. I was actively looking for a job two years ago for Customer Service position. Your financial situation is unique and the products and services we review may not be right for your circumstances. Thats the nature of working in several industries overseen by a regulatory body. Thank you all for clearing my skepticism up, time to block Mr. Jack. Its not what you are told that is important, but rather what they arent telling you that really matters. This part-time position, in particular, Im thinking might also allow me to train in a new-but-related field at little or no cost (save licensure fees). So then i asked him thru Facebook and he said no and now im here and im so glad i am. I didnt want to wright to much, sadly it got away from me. I wanted to light their office on fire (when everyone left of course) thats how frustrated I was. Its awful, and it looks awful. I actually figured out it was Primerica a few minutes later when I actually sat to think about it. So i googled and seems like a scam i called back and canceled. No, I am not very angry with the company. I do, however, believe it is very important to inform people about the truth behind multi-level marketing. I guess I get to add to the list, I received a missed call, I dont check my messages usually and I typically just google the number and see what comes up and then once something pops up I call or dont call this time nothing came up so I called. Ive been disabled for four years and i finally got a job release in feb 2014.Since i had to change job careers,its been hard drawing my former job skills to be applied to another field.Im currently in a job program called DVR(from the department of labor)in the state i live in.For the past 2 months,ive applied to many jobs thru them and gone out of my own with little success..lol.Ran into alot of companies like primerica.So now before I have the interview with any marketing/sales company,I do tons of research on the computer.Had a person contact me from bankers life and casualty say that im good to be part of his team and told me to come to his office at 6pm for the interview.Only to find out that its a presentation with 14 others,10 left after an 1 1/2 hour presentation(only surpose to be a 40-mins).i was one of the 4 and he liked me and set up an second interview.Took 2 weeks to get back to(and only got set up due to my ongoing calls to him for it)me and set up the meeting the next day-they did the same thing as primerica only they actually had a call list from the do not call listings they use for their referrals for me.A $99 dollar fee plus $149 for inside training upfront.I said NO and that was it.My DVR supervisor gave me a reference for a job that turned out to be a primerica rep.I had to follow up this time and called her-she contacted me that nite at 9:30pm(odd time)and told me that her supervisor would call me tomorrow-he never did.A week went by and out of blue the primerica rep called me and said that she was sorry about her supervisor didnt get back to me.But this time i was ready(i did my research and found tons of very bad reviews and some good reviews from primerica corp. officers..lol lol.When we talked,her excuse was that her supervisor is better to answer my questions and would do so when he calls.He hasnt called but i already know the truth(on the surface and the deep inside shadly truth)about primerica-what they represent and who benefits from their company.I need a job now and need money soon before im forced to live on the streets with my wife.I cant start a new position on empty promises and payment upfront to pay to go to work to make alittle money in the first month after i work 80 to 100 hours a week..lol.Doesnt make sense and its just a waste to put forth lots of effort,time,gas,sweat and patience to make little money just to barely live onlol. Thanks for the info. Meet Primerica, the New Wall Street IPO That's Really a Multi-Level thanks for the honest comments I well be cancelling my interview tomorrow. PFS Investments | Primerica Financial Services What a waste of human DNA both of them ! A company that tries to recruit through tinder is only going to do what tinder was originally intended for. So with people like this, I report them to LinkedIn and then block them. At this point, I had a chance to become aware of the atmosphere in this building. I think youd do well and Id like to have your number and have my secretary call you to set up an interview. How fun. So an agent sells a property, and the agent gets a commission and the office/team gets a commission. Thank God for the info I found out on the inernet. I felt paralyzed with indecisiveness. She asked if I wanted change of career. The new trainer gets nothing because he is not licensed yet. My friend at the time asked if I wanted to join an informational session with Primerica and see if it was something I would be interested in. if you dont have the internet, you hear about my place. I stopped giving out leads once I realized that I wasnt getting paid at all. A former agent at It Works, an MLM selling beauty and weight loss supplements, told her firsthand experience of the flawed structure: "We were negative $1,000 after 18 months. Thank you, I texted her your web blog and stated I WILL NOT BE SHOWING UP. * Oh, one other thing, if someone goes in for an interview, and they leave not wanting the job, how are they a victim, exactly? I posted thatI was looking for a job and got offered an office position. When I asked about the specifics of the job, they were incredibly vague and spoke super fast. I dont remember the exact wording he used, but I do remember that he was vague enough to leave me feeling like he was offering work with a financial business. The whole thing seemed a little off to me. I knew to avoid them but because of how fast she mumbled the name i didnt research. I walked into the office and was greeted by a receptionist in her mid 40s. And where, exactly, are you going to file that complaint? I had a few drinks the night before. I tell her my mom had me when she was 18 and I grew up poor. The man and his wife came to our home for a supposed interview. She then proceeds to pitch to me what Primerica does and how important life insurance is. I dont mean any disrespect to the author of this blog but I wonder if he/she thinks about real estate brokers, is real estate a scam or pyramid scheme as well? Do you even know why you exist? When it was over I again thought, ok so now Ill get the interview. I said no and he sounded surprised. (TWO not even 50 years old yet!) Its a churn and burn- they will hire ANYONE who can pass a background check. With a one-time fee of $99 and a monthly fee of $25, you can make more than your startup cost in less than a month. The main product Primerica offers is Term Life Insurance. I went to the first interview today. 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. I furrowed my brow thinking I thought he was making those calls for ME.. shouldnt I get credit for those names? So today I had a random phone call and I answered it only to find out it was a woman by the name of Jerica who said that Martha that I had met at my job referred me. Im no stranger to mlm. He finally emailed me back saying that 10 works great but I would be speaking with David because he was busy busy busy! This affiliation between the two companies is one of the oldest partnerships inside the Primerica menu of products and is fairly popular. First, I purchased a single mutual fund through Primerica about 20 years ago. He tried recruiting me so I took the interview mainly as a courtesy to him. Primerica is a financial services company that states it's mission is to help underserved communities gain access to top level investment and insurance products.. I tried out Primerica towards the middle of December. MLM, in contrast, is a scam based on the recruitment of people into an opportunity to recruit others its endless chain recruiting and thats a scam. As cool as this possibility sounded, it just seemed way off, I had many red flags that popped up and wanted to inquire on them, one of which I did, but figured Id investigate a bit first. Glad I saw this! You want a cashier to manage your office? Primerica Review Summary. Then after 45 mins he told me to come back. He gave me the address and I had the phone number now. Maybe you dont know that in order for you to have a successful business, you have to work like a dog to build it. good looking into this before going to my interview today. It is a pyramid scheme. The money received from the new recruits is used to pay off the . So if you keep your premiums paid, your family will receive the benefit. Blah blah blah. But he had no idea who. A couple young men were milling about in 3-piece business suits. Needless to say I WILL NOT be going back. Primerica Financial Services Home Mortgages. He vaguely went over how after the financial health check, customers see how their asset/debt ratio looks and how he then will offer them up solutions to get out of debt and start investing towards retirement. None thats who! Very sad to hear all the ridiculous posts, and misleading info that is pushing people away from the company. Maybe I should add only serious, legit, employers may contact!. I went in, shook some hands, and sat down listening to a spiel chock-full of confusing jargon, just nodding my head and feeding their ego while Im sure they felt like they were doing the same to me. He said there would be training and thats what my friend was getting into. A pyramid scheme begins with one person or a small team recruiting participants to join a new business venture. As for the Author she seems to have ulterior motives and a chip on her shoulder regarding the company. Apparently these Primerica folk are misusing LinkedIn profiles for their slimy deeds. Primerica Financial Services: The Fake Job Interview Its all a scam. Thanks for all the information. She gives me a look that says, You could very well be the son I never had! It seems like a con now. I would try to ask the instructor questions about the topics and he would tell me not to ask questions just memorize the material and take the test. Her daughter has had rough luck a failed cornea transplant has left her half blind. I just received a voice message from Primerica, they had gotten my resume off of workone job site. I agree with your assessment that Primerica is not by definition a pyramid scheme. It must be weekly, I thought to myself, no way thats monthly? What Is a Pyramid Scheme? How Does It Work? - Investopedia I asked for a camp name twice she mumbled PCC really fast so i couldnt catch it. She said they were just getting established here. It seems like a job interview. He said that josh said a ton of great things about me and he wanted to interview me for a position. What deity do these two preachers represent? He wanted to set up an interview as soon as I was better and continually called or text me to see if I was better. Primerica is the greatest opportunity to have your own business ever created. Its not a business, its a scam. Wow, I have an interview set for this Tuesday, needless to say I will not be going to it! I was approached by a lady who came shopping in the store I work @ now. They really helped me make up my mind. Well im not going to my interview today. Puffing up a business opportunity does not translate into real business skill. Its neither a retirement fund, nor life insurance. after hearing these non descriptive answers at this point Im like yea, ok very high chance I will not be showing up. The second warning sign was she didnt have a business card, but rather took my phone number down on a notepad and advised her business partner would call me. I was looking to start a part time business. I just went to a meeting last night, everything previously written by past people are true. A lot of people like in this blog are used to trading their time for money, going from one job to another. Not going to the interview tomorrow. Im a chatty bend-your-ear kinda bartender, so as shes sipping her coke we start up a conversation. The man calling me in for an interview was very abrupt and gave very little information, besides the address and time. While finding this site, Ive come to learn there is an office just a few miles away in my hometown. Im currently looking into anything and everything about them to be certain of all of this MLM/pyramid scheme type business and I am definitely getting out if Im right. I showed up for the interview and no one knew who I was supposed to be speaking with. Then she talked about the opportunity to make money, but it was NEVER presented to me by her; or any of the other Primerica reps that it was any kind of a job interview. Agents make outlandish income claims that consumers can make more than $1,000 weekly in the scheme and earn bonuses of tens of thousands of dollars. Report investment scams to the right government agency. No, a regular job is not like MLM. He also said that he can talk to me me and my wife at the same time to explain the money for the financial license. I will be posting this to all of my social media, explaining what a scam this company really is. Then she proceeded to ask if I had a Facebook and dont I have friends on there and I told her I dont want to ambush anyone with this and she said they may thank you, I told her no and she said what about in your phone, you dont have anyone. So once I read that it was an Insurance Company I immediately knew it wasnt for me. so I started to get dressed for this interview but something in my mind said look it up on the internet . Is Primerica a Pyramid Scheme? - FairShake The company with the highest growth in NYSE last year, where tesla motors had the second highest growth, is a scam to you all, who is having trouble surviving and stuck in a JOB (Just Over Broke). Glad I dug in deeper. So I booked an interview with him. People have no consideration!!! A typical recruiting ploy in Primerica is the job interview. Auto & Homeowners Insurance 4. Thank you guys. After reading a lot of these comments I understand why many people feel Primerica is a scam. Hmmm, makes you rethink a few things. Thanks to all who shared their experience. I feel really bad for them. Multi-level marketing. Then again two days later. She mentioned her husband company briefly and for someone else to pass on the info. I read the story that was provided above and a handful of the comments. None of them could answer my question(s) without talking themselves in a circle. Blah blah blah blah. When you write a resume, youre looking for a job, not an opportunity. A couple of days ago, I posted the following on Craigslist: Hello, Ive excellent command of MS-Word, MS-Excel, and MS-PowerPoint. No, better not, or John would be angry that I said something wrong. I worked HARD at the business, I have had success in other businesses in my life but making money at Primerica is a joke. I am saddened to see this website because the information given is totally inaccurate and people will listen to this guy instead of researching on the GOVERNMENT websites to see that Primerica is an amazing company! Thank you to all those who contributed to this thread and I wish you all the best of luck in your job search! As soon as I answered I heard someone making silly sounds and I wondered if it was someone I knew but no it was the gentleman who said he was calling me because my friend had recommended me for the job before I was a hard worker and he wanted to know if its true..we began talking for a while. This office in Tigard,OR reeked of people looking for people with low self esteem. She was upset and wanted to know who told me those rumors. The rep said she got my resum through Monster and wanted to give me an opportunity. Im not sure why the internet continues to say PRI is MLM. People like you almost deserve to get scammed. Primerica Debt Management How Can You Make Money With Primerica? Lawsuit Against Expert Witness Highlights Issue of Conflicts of Interest, Jackie What an interesting comment! 4.) I have an appointment on Monday. She didnt mention the name of the business at all, and her explanation of what they were doing as others above have noted was rather vague but revolved around financial planning. If you want to sell insurance or investments, you are much better off with a company OTHER than Primerica. You have to have an insurance license to work. Cancelled the appt. He invited me to go to an event of some kind, and I agreed. Nice to know people are exposing this company! I had heard him talk many times about the cars and houses that the top leaders in the company owned, and had asked him when he was going to get the viper posted on his wall. when I asked how they obtained my number they said through a referral. As of 7 hours i have been in Primerica, I do understand what everyone is saying about it. Thank you so much for sharing the information! I realized what it was after that meeting immediately. After dodging her for a few weeks I finally agreed and ate enough of the steam table food to be polite. He asked us over 50 questions, where do you want to move? SAVE YOUR LIFE- DONT JOIN PRIMERICA. kids dobs and weights,etc. Conversation went out and he tells me he likes my personality in which Ive been told many times over. The red flags popped up when she mentioned what the massive amounts of money people save, from paying 14 years of loans in 5 years is mathematically impossible for the average middle class consumer. Taller than me by a little, he had slightly bigger hand but no grip. mail or store pick up. Wheres the money? He just missed the Pyramid Gravy Train by a couple of levels. He had rushed through the call, creating the perception that he was a busy man with many interviews to call for a much-in-demand position, and when I asked the company name he rushed through that part as well. I was making nothing doing work that was not only boring, but physically painful. Most of the money on the financial products you sell will go to YOU, rather than some pyramid. The business when presented me, gave me th opportunity to sell other things, like Legal Shield memberships. Primeamerica is a legit insurance company. Was very surprised to receive a phone call, as never applied for anything, still cant understand how did they get my phone number . A lot of people on here say Good thing I found this website. Overall sounded ok but things started to not add up. Thank you all for saving my time and money. The 'Private Investment Club' conference had everything: a host demanding people pay for 'VIP' access, weird pyramid diagrams, "plerking," and a celebrity guest who clearly didn't read the memo. Im so glad I found this site. The only logically answer as to why this trend has been in effect for years is that Primerica must benefit from this tunover. I am starting to get suspicious. Apparently, his company helped a lot of families who couldnt afford such help otherwise. (OK, he didnt really say busy busy busy, but now that I think back that is the impression that he gave me.) Financial investments 6. Sneaky how once she enters my house she runs downstairs and brings a male supposedly her manager. Each year, millions of people work hard in MLMs and do exactly as theyre taught, and they still lose money. I had to smile a shake my head every time I saw one of these unsuspecting people heading in. Everything Ive written here is true so please dont waste your time on these people. She the. Im on vacation. BBB Business Profiles generally cover a three-year reporting period. I told them that Id have to think things over, though it took a couple of times for me to say that so that they understood. We have 40,000 new clients each month if you joined and didnt work, youre not one of the people who make money with us! Randomly the thought popped into my head, he also said working 2-5 hours a week would mean an extra $1-2000 a month for your family but I quickly dismissed that thought. Top investment analyst recommend company in books, on the radio programs, and on TV programs. The second, presents a sales pitch on a legal service. When I sat down with the guy, it felt less like an interview and more like a sales pitch like you guys said. Still, barely any information given. Report investment scams by state-licensed companies to your state's securities administrator. So, I just said to him, actually there are 3 of them (including Curtis and a lady with a hair cover) that I will decide first and will give them a call within 24 hrs. Tony Thanks for your concern. Indeed, I was invited and liked. I finished having a fake interview last night and was literally thinking about going to that informative session. Im here to see how this turn out(Micheal Jackson Thriller Popcorn Meme). So the First 20 minutes seemed normal, but then it got suspicious. I emailed the guy this morning after I slept on it and told him that I was not interested and this was not a fit. They asked my husband and I for $99 each to set up (pay to be hired) and wanted $156.32 cash to start our life insurance said our kids would automatically get $135,000 if we even die today, This bleepity bleep bleep!! I have morals, I have my beliefs, everyone has their entitled opinions. My father passed away in May. In the classic "pyramid" scheme, participants attempt to make money solely by recruiting new participants, usually where: The promoter promises a high return in a short period of time; No genuine product or service is actually sold; and The primary emphasis is on recruiting new participants. A person with certain negatives in their background cannot work in the industry. Not once did they mention anything about a job until an hour into this interview of them talking about prices for my family. Primerica pushed me over the edge. At that point, she became very persistent and it immediately became evident with the posts I read on this site. It sounded awesome until I really started to think about it. (Thanks to all post-ers). Whatever I did, however I asked, he would not tell me what positions he was trying to fill and that was a big red flag for me. I leaned forward and held my breath to try to hear the womans reply through the phone. This is mlm a legal definition. There were a few guests, but I kind of nodded and said hi then left them to my much-wiser business mentor so that I not blow it by saying something dumb. not something good to be involved in. I see this company hasnt changed much since my friends husband tried to recruit me 4 years ago. He works for the State of Florida. She told us that her and her husband are preachers, therefore we should trust them. The bottom line is that Primerica sells legitimate products and services (life insurance and investments), but sells them at inflated prices to generally unsophisticated consumers. wth. Its an exhausting way to make a living. Now that I have read the previous comments I will not be wasting my Saturday morning to interview with PFS. BBB reports on known marketplace practices. 8 of the most notorious Ponzi schemes in US history I am a young college student interested in Investment Banking and was told by an ex-financial advisor at a prestigious firm who attempted to act as my mentor to join. I googled ahead of time, but only really to find the place, which, like everyone elses experience around here, was on the outskirts of town in a rented building. GREAT!! EX. This is too real. Do not get suckered in, I was lured in by a friend that saw I was making pretty good money and figured 100 dollars to start isnt too bad for me. I set up the interview, on memorial day, not knowing the name of the company. Very glad I googled this company and found this blog. You all invite me here to interrogate me about more people just to get mad and be rude to me. Just to note i did research before the interview. Even if this is a legit company, the financing industry was never my thing. Theres no scheme, no one earns more unless you DO more. She told me that someone referred me and thought very highly of me. If this is not deceptive, what is? Yes many consumers arent sophisticated about insurance, which is why it can be easy for a Primerica rep to sell them a crappy product at a higher price. Take this down before i file a complaint. He explained I would get $100 back plus $200 after training.He then told me as part of the application part he needed my debit card now so he can turn in the application as soon as possible, but i told him not to charge anything yet. As for NFTs, exclusivity and FOMO run the gameeveryone wants in and where there are winners, there are losers. Thing is I have a nose for pyramid schemes and multilevel marketers, so my radar was going off right away when I heard all the generalizing. Hmmmm.. Primericas site is for the people they con into buying insurance. They saw my FB updates about needing a little more income to start some entrepreneurial type things I was interested in. He went on to explain that the company offers free financial health reports to perspective customers and that all they ask in return from the prospects is they offer up a list of 15 local contacts so they can hopefully recover the expense of this complimentary offer. Once the new recruits, the professional-looking man and a scared-looking, awkward young guy who looked about 20 and was wearing ripped jeans and left on a bicycle, had left, John was photocopying the paperwork to put in the mailbag for tomorrow. mail in a letter with your info, we will give you a call. He said there were interviews for the next three days: a group interview and all the others were individuals. Easy. So I cancelled, and avoided an unpleasant and wasted evening. No, regular companies that are set up with levels of management (such as Walmart) are NOT pyramid schemes. I feel deceived, and I feel like my classmate & her boyfriend are being deceived also. Go get a real job and stop preying on innocent people trying to get ahead in life. I wasnt aware I had even received the job, so I just agreed and figured I could back out later. Im canceling my interview for tomorrow. The recruiter may actually be vague in most cases when trying to get people to come check out the company but that doesnt mean they the information you will get about saving for retirement, etc is false or lies. 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? It seemed way too good to be true, i was literally thinking to myself If this is real, I can finally afford college. Wow was not expecting it to be such a rabbit whole. I just got a call tonight from someone who started to ask me about my resume. I looked them up and it seemed to be life insurance, not a retirement fund at all, so I blew it off. You have a manager a supervisor and an employee. I suddenly found his bragging really off-putting. For the person who did have a comment pro Primerica, I am adding this link: https://www.bbb.org/us/ga/duluth/profile/financial-services/primerica-inc-0443-6985/complaints. This is a pre-paid legal services plan that provides members with access to attorneys for a variety of legal needs. Below is a narrative of how this went down for one PFS representative. Nice people, very cordial. But MLM is a ripoff because they promote a false business opportunity. I am promised that PRIMERICA will essentially turn me into a hedge-fund manager for Charles Schwabb in time.