Is Primerica A Scam?- The Truth Revealed

By | January 11, 2015

What Is Primerica?                  Is Primerica A Scam

Based out of Duluth, GA, Primerica is the trade name for Primerica Financial Services, Inc.

They will deny it, but it’s your traditional multilevel marketing company and distributor of financial products to middle income families in North America.

The business opportunity includes the sale of term life insurance, auto and home insurance, mutual funds, variable annuities and pre-paid legal services.

On April 1, 2010, Primerica left Citigroup, its former corporate parent company.

How Does Primerica Work?

To become a Primerica representative, you have to pay an IBA fee of $103.95 that includes sales taxes and you’re also encouraged to pay $28 per month for Primerica online.

Once you’re ‘hired,’ you are told to write a list of your ‘warm market’ that consists of your friends and family so you can immediately start recruiting them which can then duplicate the process. Representatives put a strong emphasis on this as opposed to finding their own customers.

Reps are then required to take a brief class to become life insurance licensed and are told that their fee will be reimbursed.

They are given a script that will be used to persuade their friends and family to meet up with them and their upline for a presentation to turn them into customers.

Primerica representatives are independent contractors that solely get paid minute commissions through the sale of any of these financial products with some of the profits passed up to their upline.

The company employs an 11-tier upside system in which they get a fraction of the commissions from their down1ine down to the 11th level.

Representatives are told to pitch their ‘warm market’ because they are more likely to become a customer. After they have gone through them, they are told to approach strangers, also known as their ‘cold market’ when they’re out and about.

A False Dream…

I have been to their meetings before and they have a way of convincing people that this is the best opportunity ever, that just by making a few sales per day and attaining just a few customers on a part-time basis, within a year or two you could be earning a six figure income and can spend your days playing golf and still be earning money.

They explain how you eventually will have the ability to leave your job in which they explain stands for ‘just over broke’ and become your own boss so you have the freedom to travel and spend more time with your family.

But in reality, they stay in business by taking advantage of undereducated and low income people.

…there is no guarantee that you will achieve any specific cash flow level. Most RVPs/representatives do not achieve the levels illustrated. From January 1 through December 31, 2013, Primerica paid a total of $536,506,140 in compensation to its sales force, at an average of $5,614 per life licensed representative…” – Primerica

  • 231,390 people were recruited in 2010 and 134,550 dropped.
  • 244,756 people were recruited in 2011 and the average yearly income was $5,544.
  • 152,901 dropped.

This equates to a 60% failure rate.

Source: 2011 Primerica Annual Report Page 7

In 2012, $509,227,049 was paid to its sales force, an average of $5,513 per life licensed representative.

According to Simply Hired, the average salary for state farm agent jobs is $32,000.

Tired of Pyramid Schemes Like Pimerica? Check Out My #1 Recommendation To Build A Thriving Online Business!

Why You Should Avoid This Company

  • Only the ones at the top of the pyramid are successful.
  • Not only are their unexceptional products overpriced, but face fierce competition.
  • They only guarantee level premiums for up to 20 years where other carriers can guarantee up to 35 years.
  • Primerica traces its roots to A.L. Williams where the main goal was to find the best and cheapest term insurance to replace their whole life policies to invest the money saved. This is where Primerica fails because they employ captive gents. Representatives can’t find their customers the best deal because they only sell one product and their rates are the same for both males and females. Just go to sites like term4sale.com and you will see that other life insurance companies have rates that are 10-50% less expensive than Primerica.
  • All of their mutual funds are load funds.
  • After you get licensed, you get a low commission of 25%. Your upline keeps the difference between your contract and theirs. Some trainers keep a portion of a sale that you make even though they are already making 75%.
  • The agents are taught how to recruit and are not trained properly. Most people would prefer legit brokers with an MBA over buying insurance from friends and family.
  • It’s a nightmare for customers to cancel their services with them and you can’t replace their insurance for up to seven years.
  • If you decide to leave Primerica, you will lose all your clients resulting in them banking in on your commissions.
  • You don’t even own your business and you can only sell it to another Primerica agent.
  • There is a two year non-competition clause if you go independent.
  • You can’t have your own website because the company wants to control all of the content.
  • It ruins relationships.

My Final Opinion of Primerica

The only way you can make a full time income in Primerica is by working hard by building your team and selling people overpriced insurance. You will earn very low commissions and annual salary that will not be enough to live on. This isn’t a decent company to be involved in and there are much better companies that allow you to keep your clients, recruiting is not needed to advance, you can sell for anybody and sell your business to anyone.

You won’t be helping people by selling them Primerica life insurance because there are others that cost hundreds of dollars less per year which could be used to invest in a mutual fund with lower fees. In the long run, this could put tens or hundreds of thousands of dollars more in your clients pocket.

If you’re seriously considering a career in finance, go independent where you will truly own your own book of business. You will be able to shop around and you can always recruit other agents to get overrides without them thinking it’s a pyramid scheme.

If you don’t have the money to do this and want to have financial freedom, I strongly recommend you join Wealthy Affiliate where you will be given all the awesome training, tools, and expert help whenever you need it.

To Your Success,

Jennifer

 

172 thoughts on “Is Primerica A Scam?- The Truth Revealed

  1. olive yotes

    Primerica is a SCAM. Legal but very unethical and deceptive. From the minute you encounter someone who tries to recruit you with a job interview, you are LIED TO, with a classic bait and switch. You will feel flattered and competent you may be working for a large business but they treat all recruits like GULLIBLE LOSERS! First the job interview is a cattle call with 20 other DUPED hopefuls who think they are getting an office job. They ask for $100 for a credit check. This should only be $30 and no one knows it is refundable if you don’t work for them. You will work selling life insurance to friends and relatives but only get a tiny percent of the commission, the lifestyle presented by the recruiters is fake. My cousin lived near a couple that were top recruiters. They have a large home where they host recruitment dinners every week. The house is full of tacky, white trash decor with an unfinished backyard. They try to present an image of success. They held fake charity dinners for nonexistent orphanages in India for poor women from her church and stole the money to use for themselves.

    Reply
    1. Jennifer Post author

      Yes, they deceive people to bring them in. I agree the credit check shouldn’t be more than $30, I paid $200 for it in late 2008. It is possible to get a refund, but you will have to keep badgering. Yes, new reps get about 25% commission and some of that is passed to their upline.

      That proves how needy, unethical and greedy these so called top recruiters are.

      Thank you for sharing your experience Olive.

      Reply
      1. The one

        Jennifer over half the things you are saying about Primerica are lies. People should not listening to you you are bashing a legitimate company for your own personal gain Wealthy Affiliate. Real people that understand the industry will smell you out. We have a lot of professional well known people that respect what we do and what we have done since 1977. You are hurt people and families financial by posting this crap.

        Reply
        1. Jennifer Post author

          What lies? I admit that I am human and I do make a few mistakes, but the majority of my content has been referenced and I have done my best to give an honest review.

          Oh, and so you do not try to recruit anyone into your downline or try to sell uncompetive products for your own personal gain? And yeah, you forgot to mention that I don’t make money when people join Wealthy Affiliate for free, unless they go premium which is $30 to $47 per month for all of their training, all 6 levels of their Online Certification Course, 50 websites with unlimited state of the art website hosting, unlimited keyword searches, website feedback and support, access to a community of experts, the ability to contact the owners privately, and more.

          Reply
      2. Jeremy

        It concerns me that all of the people on here defending Primerica have 4th grade level spelling and vocabulary.

        Reply
      3. Debra

        I am at a battle now with Primerica. They lied to me and scammed me. I was hired as a health insurance agent- I have my own license and paid for it. I have not received one dime yet and can not get any of my questions answered. Once brought in and I started to question my recruiter by the name of Denise in Boca Raton, she has not accepted my calls, emails, or voice mails. Not one idiot in the company knows what is going on- all they care about is recruiting people for money.
        I still have not received one answer on my commissions even though the video says that I will make alot of money by selling four polices and make a residual income. A rep will earn at least $10,000 a year for just 5 policies.

        I signed up over $ 53,000.00 and a total of 10 clients in policies for the 2016 term that I spent alot of time on helping them select the plan and I have not received one dime where I was told I would make a minimum of 1 percent or more a month in residual income. They told me one thing then it changed week to week after you signed up healthcare individuals.

        I telephoned this morning and still have not received one response. I was charged 25 dollars per week and finally cancelled it because they have been stealing my money… Nothing on health commissions have been posted all year. A bunch of cheating lying morons. I am seriously thinking of finding a lawyer for being frauded and using my health insurance license to their advantage, and deceiving me into their plot….

        Reply
    2. Earl S

      What is your financial background and credentials? Are you a certified expert on this topic? I am not affiliated with Primerica. I actually work with a larger financial institution that has been around for over 118 years. I know plenty about the industry and what you are saying can really land harsh repercussions. Just be sure that you have ALL material facts in order before you deface a company’s name. This company employs agents with licenses that have are under State and Federal regulations. …. FRAUD and SCAM do NOT fit in the same sentence. I can tell you that this company is NOT a SCAM. It is a NetWork Marketing company, but nothing in life is guaranteed. Sounds like you have just had some bad experiences. My apologies for those. However 1 persons experience should not attempt to deface an entire company!!

      Reply
    3. Chris

      Preach bro Preach!!! All the haters can say what they want just because they hit a wall with there Warm Market… Primerica is where the winners are at…
      JENNIFER WHAT KIND OF POLICY YOU HAVE? I BET IT’S TERM…

      Reply
    4. hydro

      I am not familiar with Primerica but was involved in some MLM form of business way back in the past. All I can say is if you’re passionate for working long hours for so little money, this is the way to do it. Nothing really wrong with it as long as you’re happy doing it. Now that couldn’t be a full time work. May be a supplemental part time gig. But even then, some other part time jobs could probably offer more. On the cultic side of it, some of these are spiritually uplifting with their motivational speakers even using the stories of Jesus in their sales talk. But me being a Bible freak, I guess this is how they got me. It feels great really. But I didn’t realize my own religion offered me more spiritually even though I don’t earn money from it. I say keep a day job and get a better part time job or gig that actually earns for the little hours put in. I’m a musician on the street on the weekends and sell my own music records. I have earned little but I only put in little. Little hours equate little money. Anybody tells you different is a lie and scam. And they’re all over the internet.

      Reply
  2. Reiko

    OMG. You have no idea what you are talking about! First of all, you only pay $99 to get a background check because Primerica doesn’t recruit criminals. The $99 pays for that and will get a response 1 or 2 days after (times depend when you sign up). Then you only pay $25 a month for your Primerica online which are loaded with helpful tools to grow your business.

    Let me tell you this, is your company on the 2015 Forbes list on the top 50 trustworthy companies? Please google it. You’ll also see that Primerica is on there!

    Pyramid Shmyramid. Did you know 90% of business are Pyramids? Lets see, McDonalds…You have the Owner (who make loads of money), then you have your Vice presidents, Store managers, Shift managers, Crew trainers, regular employees. What does that sound like to you? And MLM!

    Primerica doesnt make money off of the $99 that people pay to sign up or the monthly $25 for their Primerca online! Have you ever heard of the rule of 72? I doubt it! So please do yourself a favor, take the time to really know the business before you post false blogs about something you know nothing about!

    Reply
    1. Jennifer Post author

      A background check is usually free so reps are paying $99 for a class. No, they don’t recruit criminals but they do hire unqualified people. Primerica online should be free also.

      They mention that they are on the 2015 Forbes list of the top trustworthy companies to brainwash people.

      Yes, businesses are similar to pyramids but with a huge difference. In a regular business, people actually make a profit unlike pyramid schemes and no one has to pay a single cent for anything.

      The Rule of 72 is simply taking 72 and diving it by the annual rate of return so investors can estimate how long it will take for their investment to double.

      Reply
      1. Kayla

        Do you know of any business that has an overhead of only 25 a month??? No way. Any business you start you have to lay down thousands to start it. Not to mention Primerica pays for $1000+ for your classes, licencing, and home office employees to help you build your business. So I would pay 99 any day for this opportunity. Yes those who have more people working in their office gets paid more… But they all started at the same place. Those who work their butts off building their business get paid well because they deserve it. Not only do you help people become debt free, properly protected, and financially independent, We get to be compensated for it better than a merril lynch agent and thats only a part time position!! After you compare our insurance with other insurance you will understand why it is priced accordingly. We have a huge value for a great price and we dont try to convince you to turn your policy into a cash value life insurance ripp off later. Primerica has saved my family from heart ache and financial ruin when no one else has offered us a road map to financial freedom. Im proud of what I do and greatful Im in the midst of a huge company that feels like famliy and pushes me to think like a business owner instead of a trained industrial employee who works to build their bosses careers instead of building something your family can own (BUT YOU HAVE TO WORK FOR IT!!!)

        Reply
        1. Jennifer Post author

          There are complaints on consumeraffairs.com that Primerica representatives have used the list of contacts or their references of their recruits to make commissions off them. There are also complaints that they want to advertise on their recruits Facebook.

          Their list of Top earners is a cumulative list and 64% of those numbers are prior to the year 2000. There is no opportunity, the facts are there and the reality is that most people will make less than a part time employee at McDonalds.

          People are better off working for a regular insurance companies because they will get compensated better, they will never ask you to recruit anyone and they will help you with leads- something that many people struggle with.

          And yes, it is great to have your own business and help people, but there are better ways to do this.

          Reply
        2. Mike Hunt

          This is literally the bullshit they spew at you in one of their so called “interviews”. I’m actually 100 percent positive the people that are pro primerica in this comment section work for the company; which by the way undoubtably is a pyramid scheme.

          Reply
      2. cory

        You are a lying idiot Jennifer Whats your background? FOR STARTERS THEY ACTUALLY ARE ON THAT FORBES LIST I LOOKED IT UP…After that EVERYTHING you claim is under a huge cloud of doubt in other words, You lied you got caught now shut up!

        Reply
        1. Jennifer Post author

          I never said they’re not on the Forbes List. What I did say is that companies can pay for the Stevie Award, BBB or other credentials to gain authority.

          Reply
      3. The one

        Who is truly qualified to do anything in this world unless they are trained. You make no sense Jennifer truly you have never been in or had a traditional business before. You have to pay for everything in a Traditional business. A McDonald’s cost a million dollars and you don’t truly own it you are leasing it for a period of time. Man you have to stop talking out the side of your neck because you sound foolish to someone that has owned a business. Get your facts together before you continue to post. Furthermore we have no control over what Forbes post so for you to say something so foolish tells me a lot about you. An if anyone listens to you I wouldn’t want them in my company no matter what company it is. #FOOLISH

        Reply
        1. Lacie

          True, when actually owning a business you tend to lease it, and you have to pay money for licenses, worker compensation, and other expenses. Problem is, your employees do not. When you hire a service worker or line cook at McDonalds, they do not have to pay a fee for background checks, or for getting drug tested, or for the Food Handler Permit, or pay a monthly fee for the ability to utilize store facilities. That is the big difference here. I won’t pick a side on this debate, but really, putting hashtags (#) and all caps does not help get your point across.

          Reply
      4. Jazmin W

        The class is free, and I was reimbursed for my exam and fingerprinting fees, fast. You just had an unorganized office.

        Reply
      5. Kim

        How are you unqualified if u have to get licensed? Does that not qualify you I was reading thru it site and your bashfully bias as he’ll you obviously ddnt do well.

        Reply
        1. Jennifer Post author

          Taking a 3 to 5 day training class prior to taking a state exam for a life insurance doesn’t make reps qualified at all. How can anyone really learn life insurance after only five days? A real insurance company will train you for over two months.

          Reply
    2. Waste of Time

      I work at a shoprite and someone came into my line first bating me by telling me how great I am and having a good conversation. I only believed it because I’m a mathematics major and she said she worked in finances way before this. She offered me the job of “Personal finance”. In the meeting I was on my phone and thinking about a way to walk out of the bull shit. The quote “owner” asked me if I had somewhere to be in which I replied “yes yes yes”. Wasted an hour of my time but some chump was in that meeting a second time and brought his friend.

      What a load of shit. Also they said “We are one of the top 50” trust us. The figures he was showing me where how you go about getting a CD, and eventually having enough to retire with by saving a dollar a day. “The banks give free pens and lolipops because they make commission on your money”. Tell it to the lower economic class, even tho I am of that non-existent middle class I’m not buying your shit.

      Reply
    3. Chris

      Why should you pay for a background check. Good companies pay for it If they really want you you to join them . McDonald’s for example will pay for it. It is a tax write off for them. Also back ground checks are not so expensive.

      Reply
    4. Ishok

      I was an RVP and was forced to step down because I question whether the 35 year term is level or not! Glen Williams thinks I’ll jist be another number! We will see! My parents were killed in Afghanistan and I was a parent at age 7 to my 4 year old sister and I was a teenager ex muslim and vulnerable got sucker into this. Yes I got my ring! I’ll die before I give up! I’ll fight with everything in me to make sure all 6 million clients gets the truth that the 35 year level term is actually not level at all. And millions of FRS money we moved from FL workers should be investigated further. I’ll submit all unethical sales presentations to regulators and we’ll see how fast will this recruting taliban machine will go down!!!! Yes thas exactly what terrorist leaders do is recruit young and vulnerable peope!!! Primerica is a cult and they messed with wrong person!

      Reply
    5. James

      Reiko if youre so into finance, you would know that McDonalds doesn’t have “an owner”. It has several thousands of owners because it is a publicly traded company. If youre talking about the dividends they pay out (which I doubt you know what that means), they’re minuscule. So mere ownership isn’t enough to get a good cashflow coming in. In that case ita be more about long term capital gains. But again, I doubt you know what any of this means…

      Reply
    6. Lula

      Reiko,
      Great response. If you someone is going to post about why a company is a scam at least have all of your information correct. Pyramid schemes are not traded on the NYSE. Primerica is no different from any other insurance company besides the fact everyone has the opportunity to have a brokerage. You idiots that think that your job is not a pyramid have been brainwashed and uneducated. Plus I am not sure that pyramid scheme says that you have to be licensed in order to make money. Maybe the DMV is a pyramid scheme because you have to get your drivers licensed before you can drive. Anyway, most people quit because they are QUITTERS in all areas of life, not because of Primerica. Most people aren’t smart enough to pass the test and they quit before even going to class because they read dumb shit like this and think that they are listening to people that know. I’m sure Reiko none of them know about the rule of 72 or the Cash Flow Quadrant.

      Reply
    7. Dan

      Silly people once you sign enrolment with Primerica and paid the fee for backround check your bank account (bank card used) will be charged every month of $ 29.99 for Primerica Online. Oh…and you’ll never be able to cancel it or get out from their fingers. Period

      Reply
  3. Christian

    Jennifer you stupid. Just because you couldn’t do anything doesn’t mean you can step over on somebody. This is not a pyramid scheme retard. This is real to a lot of people. You probably just suck and couldn’t make the cut so you putting crap on this page to make yourself feel better. Grow up and back off. Get the real meaning of pyramid scheme you dummy

    Reply
    1. Jennifer Post author

      There are complaints on ConsumerAffairs.com that Primerica won’t give your beneficiaries the money of their life insurance policy just because they missed a few payments.

      Hector Lamarque was a millionaire Primerica representative back in the 90’s with thousands of reps under him. When Primerica ended their relationship with Citigroup, his income dropped to $360,000 per year, so if the average person can’t even recruit 9 people, that means your income will be close to nothing. The projected income per year for a Primerica representative is less than a part-time employee at MC Donalds. People are better off working for State Farm.

      Reply
      1. John

        Every insurance company will not pay a claim if the policy has terminated. Missing a few payments probably means the policy has lapsed. Policyowners are given a grace period for missed payments but once that period is over, the policy will be cancelled. That isn’t a Primerica thing, that’s an insurance thing.

        Insurance is just a contract between the policy owner and the insurance company that says that as long as you pay them the premium, they will pay you an agreed to amount in the event of a covered loss. If you don’t fulfill your end of the contract, why should they?

        Reply
        1. Jennifer Post author

          How do you explain this?

          monica of Macon, GA on Aug. 30, 2015

          Unfortunately, both my sister and I have had a bad experience with Primerica. My father purchased a paid in full, paid-up policy with Primerica, where my sister and I were the beneficiaries. My stepmother provided us with the policy documents after my father’s death. We contacted Primerica within 2 weeks of my father’s death and was told that the benefits were not paid out as they should, but rather rolled into a policy of our own. What a rip-off. What is the point of paying your hard-earned money for a life insurance policy for your spouse or children, only to have the life insurance company attempt to find a loophole to get out of paying as they should and to find a way to, in the end, keep the monies to themselves.

          -ConsumerAffairs.com

          Reply
          1. The one

            Primerica doesn’t offer paid up policy. You said it in your post we offer Term Insurance. So by you not reading and posting this you contradicted yourself by posting this. Tell us your story you had a bad experience with someone in the company. Now you are bashing the whole company. That’s just like going to a restaurant and having a bad experience with the food at one and blaming all the rest for your bad experience. Tell us your story we see you are looking for attention. It’s ok. Really

          2. Jennifer Post author

            Okay, here’s another dissatisfied customer:

            I know nothing about life insurance. When Primerica (wife of the agent) had me signed my policy in 1995, she did not disclose that at the end of 20 years, premium would increase & have no cash value. I was not informed that at the end of 20 years, premium would go up to more than 200% per month (from $79.85 to $218 for one policy, thereby increasing every ten years). Had the agent been honest and disclosed the truth, I would have cancelled it right away. She never explained nor gave me an idea about term or whole life insurance. Agent was not honest in disclosing the truth. She took advantage of my ignorance. Obviously, agent misled me as she was only after her commission. She never called again to follow up.

            This is a total rip off. I have paid a total of $30,436.91 for two policies. For your information, I cancelled both as I can’t afford to continue paying the outrageous premiums. I live on a fixed income. I would appreciate if Primerica would return my money for being dishonest and misleading to customers. I need your expertise and help. Thank you and God bless!

            – ConsumerAffairs.com

          3. Will

            That story is either a lie or the result of some very misinformed people. Since Primerica deals almost exclusively in term insurance, how could a policy be “paid in full”? More importantly, why would any idiot “pay in full” a term policy? It’s a ridiculous claim that makes no sense.

          4. Lula

            Do your research Jennifer, Primerica does not even offer paid in full paid up policies.

          5. So many liers on this page

            There is no such thing as a paid up policy in primerica they onky sale level term life insurance. Are u sure its not Transamerica? For they sale paid up policys.

          6. Jennifer Post author

            Thank you for the correction. It’s better working for and being a customer of a company that gives people different options when they purchase their life insurance. Also, a lot more people are buying online where they can easily compare products, rates and receive instant quotes where Primerica is solely direct sales.

      2. ALLAN

        Hector lamarque’s income dropped? What does your income look like? If my income dropped to 300k I think my family will still survive. FYI meet the man first and walk a thousand miles with him before you talk about him. If u know the rule of 72 then I’m assuming your doing well financially, if so great! We teach families how money works and how to win with simple concepts that they don’t teach us in school. But before you judge us, ask yourself these questions.. are every single family members of yours are successfully winning financially? I mean 100% completely debt free and on track to retire even through generations because if theyr not debt free and no proper savings then your holding back on them and your not taking the time to educate them what you already know specifically the rule of 72 and that’s because you have no insensitive value for their success. So please before you judge us understand really why we’re willing to drive overy 30 miles per way to make sure your friends and families can sleep well every night knowing both ends of their financial life are in order and secure. I value everyone’s opinion that is why I took the time to learn more about your blog but you should do the same, have an open mind why Primerica is still in busInes since 1977 I’m sure before you were born and ask yourself what it takes to take a company’s ipo share from $15 to now $49 within just 5 years of going public. Nothing good ever comes easy and to triple it’s growth is truelly self a explanation track record. Again thank you for giving the time to write about our company but just give it a little more time to really understand OUR MISSION STATEMENT.

        Reply
        1. Jennifer Post author

          Yes, but you don’t have thousands of reps under you and the fact is that the majority of reps won’t make enough to get by.

          You’re a very caring person and you’re better off working for a company that will pay you a decent salary.

          Just because Primerica or any other MLM hasn’t gotten shut down doesn’t mean it’s legitimate as the FTC can take years to declare a company a pyramid scheme. If I made an illegal u- turn and didn’t get caught doesn’t mean I didn’t made the illegal u-turn.

          Reply
          1. Lula

            You don’t need 1000s of reps under you. I am making $7000 a month and I have 10 licensed agents under me. You probably work at McDonalds yourself.

        2. So many liers on this page

          Thank u! Finally some truth on this web site.

          Reply
      3. RJ

        So all companies who stop your service because you stop paying are a scam?

        With that logic , all companies are scams

        Reply
        1. Jennifer Post author

          Are you calling Primerica a company? I’m not sure if Primerica falls into the same category because it’s an MLM scheme.

          Reply
      4. Jazmin W

        Anytime you miss insurance payments, ur policy cancels. Thats true for life, car, burial, boat train… ANYTHING!

        Reply
      5. Me

        Would you like me to post Hector’s last 12 month income to expose you? Also, there are incomes that dropped, not to the extent that you claim, but many incomes dropped when we left Citi. Do you know why? Because we stopped doing mortgages through citi and chose not to pick mortgage business back up. If someone chose to build their business using mortgages and mortgages disappeared, their income might kinda drop, huh?

        Reply
        1. Jennifer Post author

          What a waste of their time and energy for those reps that decided to build their business on mortgages. It’s like if I dedicated my time and energy promoting a service and all of a sudden that service disappeared. I wonder why such a thriving company like CitiGroup decided to separate itself from Primerica.

          Reply
      6. Hump

        Jennifer, stop pulling information from this consumer affairs. Will you take advice from a college student who dropped out or the one who graduated? Would buy insurance from an insurance company if they over charge you? Why would you listen to a few people that couldn’t make it than 1000s that had made it? Primerica is a business not a job. To build a successful business, it takes time and effort. Please….. You don’t know what you’re talking about. Stop deceiving people from grabbing onto the opportunity to achieve their dreams and goals.

        Reply
        1. Jennifer Post author

          All I know is that I wouldn’t buy insurance from uneducated agents, the same way I wouldn’t let a so called cardiologist do surgery on me without his/her degree.

          I’m no way would stop anyone from finding a great opportunity. I love finding great companies to make money with, unfortunately Primerica isn’t for me.

          I have spent a great deal of time and effort doing research on this company to provide facts to the best of my ability-statistics don’t lie.

          Reply
    2. dandeman

      That is by far the most eloquent response imaginable. I guess she hit a little too close to home for you to respond like that. You are a sad little man and unfit of a name like Christian.

      Reply
  4. Quaisha Thornton

    The Company itself is not a pyramid scheme but you may come across shady franchises/base shops. It seems to me that the writer and others came across a shady base shop. Also, things have changed from the time of their experience to now.

    Let me Explain…

    The starter fee is $99 and is not an entry fee. It pays for your STATE PRE-LICENSING course and materials, fingerprinting, background check and other paperwork. You have to be licensed because this is a legitimate business. The money doesn’t go to your upline or the company but to THE STATE WHERE YOU TAKE YOUR license. How is that a scheme?

    The warm market means the people you may already know that you have INTEGRITY WITH so that they may help you in your training. Its NOT IMPERATIVE to recruit them or make them a client. They are used only to help you train to get better. If they see the value and want to join or become a client, then its a win-win. How is that scheme?

    You move from your warm market by getting REFERRALS. Because you presented value, easy to understand concepts, and credibility to your warm market, they CHOOSE to give you referrals. From those Refferals you get more and so forth. You also do PROSPECTING such as face-to-face conversations with strangers. You have to go out and find people to talk to, such as at events. Or make your own events, seminars, webinars. You don’t harass anyone to be a recruit or client. That’s common sense. You have to be creative. How is that a scheme?

    The levels you progress to, its all about reaching the level in order to create a SELF-SUSTAINING franchised business. And the promotions you receive come with its own perks and compensations. But in order to level up, you have to put in the work.

    This isn’t a job! Its a business. You are working as a self-employed entrepreneur towards being a business owner and an investor. There are no guarantees like a regular job and in today’s ecnomic times, not even jobs nor a pension are guaranteed.

    I just started with this company and within 35 days, I already have a recruit, made my bonus, and made a sale. I didn’t harrass anyone. I didn’t pull anyone’s body parts. I don’t have to lie because people do lie but numbers don’t. You can easily look up a rep’s numbers anytime in your dashboard. Nothing is held over a sheet in this company. Knowledge is spread so that everyone can make money.

    If you are in a baseshop that are shady, you need to report them to the company and leave that base shop. You can transfer. But saying how the whole company is shady is simply not true. No one pulled my chains, harassed me, lied to Me, and I’m an educated graduate with a bachelor of computer engineering and I already have my own business. I saw value and I CHOSE TO INVEST in it.

    Reply
    1. Jennifer Post author

      Primerica is a bad investment. Only 2% of their representatives are making between $35,000 to $100,000 a year and only 1% are making that 6 figure income they make people think they can make.

      Reply
    2. toolbelt

      The bad baseshop line is a futile attempt by Primerica to try to convince ex-reps to re-sign up. With over 1.5M ex Primericans created since 2009 alone, they are running out of “virgin” prospects. A different office still operates under the pyramid system.

      Reply
    3. Sanette

      It’s a business that feeds off people. You use your recruits to make you money. You know that their face is going to make the client put in their money because they want to help their friend. So you make the money off their families or friends sympathy. You prey on it and call it training. It just happened to me. “Your cousin is in training and this will help her. She’s almost ready to go on her own.” Lol! While she’s sitting there and then they’re asking me for 10 more referrals. They used her and me.

      Reply
  5. Quaisha Thornton

    I want to add that you keep mentioning how the Primerica products are expensive. That’s not true and you are spreading false information.

    It does not ruin relationships. You ruin your own relationships. I haven’t lost none of mine. My network is growing actually.

    After you get licensed, you become a senior rep and then can continue on to get promoted. In order to be promoted, you have to qualify. Just like normal promotions at regular jobs. To be qualified, you need a minimum number of recruits and premium sales. You are compensated by contractual agreements at every level. Each level has a certain percentage. You DO NOT REMAIN AT 25% when you get promoted. The highest level is 110% commission plus overrides, bonuses, and personal production.

    At least have updated information before spreading your opinions.

    Reply
    1. Jennifer Post author

      There are more competitive products such as Banner Life, Prudential, and Genworth. Also, customers are faced with an Annual Renewable Term after their level term period ends so they face a higher price every year. Primerica doesn’t bother with giving their customers more affordable rates.

      Reply
      1. Laura

        You are the most non educated blogger I have ever seen, what Primerica offers is annually renuwable term which means you pay a little more in premium and also your death benefit grows 25 thousand dollars, you are very ignorant I can’t believe you were allowed to post this trash all is bs

        Reply
  6. toolbelt

    Jennifer is spot on, and there are approx 250,000 reps who also agree, and leave this scam annually. Those are Primericas own figures by the way!

    Reply
    1. DHernandez

      You talk about the 250,000 or so that leave. What about the 100K+ that have stayed and are LICENSED? What about the numerous licensed reps that make over $100K/year? Or the people that make over $1Mil/yr? Which at last count was more than 72(note: there are at least two of those that I know of that just reached that goal in the last year or so…one of them at the age of 29). The truth of the matter is that most won’t make it in the business. Most won’t earn more than $5/6K a year. Most do it part time. But there are plenty of people who have and are making a good living in this business. They don’t rip people off. Thier belief is that if what they are doing, including what they currently have as far as proper coverage, then they don’t want your money. Not to say everyone is always on the up and up. But you can get that from anyone in this industry or from any types of sales related business for that matter. There dishonest people in every profession. But to say they are a scam with nothing to properly back that up, other than those who quit, couldn’t handle it or even didn’t have an up line train them properly is dishonest.

      Reply
      1. toolbelt

        That $100k earner list is a cumulative, not annual one, since Primerica began. It doesn’t say they repeat that income ever again. Its simply their best 12 month rolling window performance. In fact, of those on the list, 64% made that number prior to the year 2000. Only 5% of their 98,000 force earn more than $36k. The rest earn way less than the stated average, at best, LESS EXPENSES!

        Reply
      2. toolbelt

        You refer to a list of $100k earners? Are you aware that their big earners list is a cumulative, not annual one? It refers to any rep, who during a “best” 12 month rolling window, achieved those numbers ONCE, since 1977. Many never repeated those levels ever again. In fact, 64% of those on the list made it prior to the year 2000. In 2011, for instance, only 5% of their entire force exceeded more than $36k in earnings.

        As for the reps that stay, its a known fact that a relatively small percentage who got in early have any seniority to speak of. 35% of their licensed force quits each year, including RVPs, and/or those with many years experience. Those leaving are replaced by the 16% of recruits that actually get licensed, and this cycle repeats itself each and every year. Over the last 6 yrs, 1.275+M have been recruited and 84% of them left before even obtaining a license.

        In 2015, the average number of new polices sold per rep was only 2.54 FOR THE ENTIRE YEAR, which was up from 2.28 in 2014. Commissions per rep average actually dropped from 2014. And before you say that many reps are inactive (after bragging you’re the biggest?), realize that even if only 10% of your entire force was active, it still would only average out to 25 policies sold per rep FOR THE ENTIRE YEAR, or about 2 policies per month.

        Reply
    2. DMichaelangelo

      Jennifer is just stupid, tried the company it didn’t work out for her now she wants to say that it’s a horrible place because she was not a good salesperson. We understand it’s not for everyone if becoming successful was easy everyone would do it. Maybe if you stayed until you atleast got your license you would think otherwise. Probably one of those people that pay the fee then quit saying they got ripped off.

      Reply
  7. DHernandez

    So first of all the FORBES story is legitimate. They were #13 on the list. I don’t know how that can be mis-construed as brainwashing. A+ rating by AM Best and A- rating by the BBB. So you have 1) Trustwothiness, 2) Stability and 3) Credibility. And only ignorance keeps people believing that it’s a pyramid. Or even MLM. The potential BUSINESS opportunity that is offered is by far better than most things out there. Oh and that $99 paid in goes towards a background check and a small portion towards obtaining a license to sell insurance. Which depending on which state you reside in could cost as much as $350 or even more. And BTW there are incentives in place to recoup that $99 and a bit more. Next time please feel free to educate yourself on any business opportunity more diligently before you decide to rail against it.

    Reply
    1. Jennifer Post author

      Yes, it is very legitimate that Primerica paid money to be named one of the top 50 most trustworthy companies . The same with the BBB, any company can pay for an A+ rating and companies that refuse to pay them get an F rating.

      Primerica is a pyramid scheme because they recruit anyone who is willing to pay them the fees meaning that most of their representatives aren’t qualified to be a Financial Needs Specialist. Their representatives get paid a low commission for selling overpriced insurance. They have a very high turnover rate and the majority of them aren’t making enough money to live on.

      Your upline and Primerica could care less if you quit, that $99 fee and that $25 a month being paid by their thousands of reps is making them billions.

      And yeah, that $99 fee used to be $200. To become a State Farm Agent, you only pay about $50 for your certification and people make ten times more money than Primerica.

      Reply
      1. broiron

        JENNIFER….
        Is it very legitimate that a company paid money to be named one of the top 50 most trustworthy companies? And, The same with the BBB? Really…? any company can pay for an A+ rating? and companies that refuse to pay them get an F rating?

        Ooo my gosh…..!

        So it means that any company been on top 50 has no credibility.

        Or

        Your whole set up for financial freedom, That you strongly recommend to other people to join WEALTHY AFFILIATE has no credibility at all. Everything you want is to reclute people in.

        Reply
          1. Keegan

            Here is a complaint about Wealthy Affiliate from Ripoffreport.com, looks like a scam to me, hard to take anything you say seriously.

            Well, well, well. I was thoroughly convinced that this company was legitimate. Even after I spent significant time researching them, going 10 to 20 pages deep into their google presence, I was still game. This is the ruse:

            They are a very clever marketing company, and are everything they say they’re not. Beware, and please read. They are smarter than most, which is why they have so many followers. They claim to have the key to training a person on how to successfully create their own lucrative work-from-home blog sites. They do claim to be a lot of work, require a lot of patience, blah blah swoon. You almost had me.

            I was told by Nathaniell, on a pretty good site that I thought was legitimate, that I could enhance my existing site by adding marketing for products related to my already niche field of Kitchen Design, and get paid for it! Silly me! I thought it was somewhat curious that I could go to a company like Design Within Reach, and ask them if I could market for them, and have them pay me. I didn’t see how this could work. There was some kind of program partnership that wasn’t fully explained. So after much resistance I signed up with a backup email to try it out for 7 days, and see if I could learn as much as I could.

            I had my “Write Access Revoked by Admin” almost immediately by Kyle, one of the ‘founders’, eh. It turns out that a lot of the first training courses had to do with setting up a site, blah blah I already have one. So I wanted to get right to the juice of it, because I’m trying to see if this is legit, so amuse me, OK?

            I repeatedly asked, in the general forum, for help on finding out how to do what I was led there to do. I had NO interest in creating a WordPress blog page that would promote Wealthy Affiliates. And yet, this was all they seemed to cover. I kept asking questions and received several responses to just go through the training. For what? To buy into the gimmick? Tell me EXACTLY which training of the 10 to go to so that I don’t waste my time. After all, you’re selling yourself to me for me to buy into your membership at some point.

            I don’t have time to la-dee-dah here. Just tell me where to go! If I feel that I need to take a few steps back I will. But no. Kyle HIMSELF made a rude comment to me. This girl suggested that I watch the Alphabet Soup section of the training, that it would help. I said this was for keyword help, and I don’t need that. Kyle said that if I didn’t know what keywords were for, then I had no business being on the internet. Excuse me??? I was simply stating that SHE did not understand, and led me somewhere I ALREADY KNEW ABOUT. He was rude. And within seconds revoked my ability to respond with his powerful finger.

            He didn’t want me to write, but I just felt the need. So, here I am. No, I wasn’t dumb enough to pay for it, but it seems that, unless you want to be a Wealthy Affiliate robot you are not welcome, and will be coaxed VERY tenderly into paying for it. In fact, I was told that the core of what I wanted to learn was in fact in the premium membership, lucky me! If I was some poor beginning I would’ve fallen, green money hard.

            The ONLY way you will make money is by creating a ‘practice’ blog page (which becomes your sole purpose) that markets your affiliation with Wealthy Affiliates! In fact, so MANY pages have been created for this purpose that their SEO is AMAZING! It’s genius really! They made it so that even if you look up complaints you will be hard pressed to find me, and instead only sites that are cronies just promoting themselves. It’s the worst case of writing reviews for yourself that I’ve ever seen.

            You will get paid $22.50 for every person who actually buys the monthly membership, poor souls. $147 if they buy into the annual membership! Seriously?

            ANOTHER marketing scheme for you to harrass your friends with and beg them to work-from-home and make money by blogging about what they ‘love’, when they will really end up monitoring one blog, the one that pays them for every fool who follows that yellow brick to Wealthy Affiliates and the dope behind the curtain. If you know anything about internet marketing already, you will see right through this.

            Brainwashing SCAM Unless you want to be a robot and lose all your friends, then enjoy. Thanks Kyle. 😉

          2. Jennifer Post author

            Here’s the link to Design Within Reach’s affiliate program: http://www.dwr.com/affiliate-program.html?lang=en_US
            Fortune 500 companies use affiliates to promote their products because they only pay them on performance whether its making a sale or bringing leads and it’s a very low risk of advertising.

            Wealthy Affiliate is for all levels of experience starting from “newbies.” They do teach you how to build a successful online business step by step. New training is updated everyday and one live video class is done every week. In order to access all of the courses and live video classes, he had to upgrade to premium. This person was very skeptical from the beginning and didn’t put in the time and effort to succeed in affiliate marketing.

            I have been with Wealthy Affiliate for almost four years and I’ve said things to the owner Kyle that would of caused him to take away my write access, but he never did. This is what he had to say:

            “As for people getting cut off, it happens once in awhile (a handful of times out of over 230,000 members in the last 2 years. The reason this happens is when people spam the community or they are violent towards others. Two things we do not tolerate here at WA as we are a helpful, friendly community and we have not plans to let a few bad apples ruin it for everyone else”.- Kyle

      2. Demetrio

        Please give me some insight to your claim about the Forbes article being pay to include. Especially if there metrics involved to rate them. Then no one on the list is legitimate. I am aware of the BBB doing that and most companies do. AM Best isn’t a paid affiliate and they have an A+ rating there as well.

        All businesses have startup costs involved. Primerica’s just happens to be only $124(you pay for 1st month of access to POL for running your business plus $99 for your IBA(which you never contested the fact you can earn that money back within the 1st month. Which means you can potentially only lay $25 for online access.)). So compared to State Farm(which for some reason you like these guys A LOT) it’s a heck of a lot less to start and run your own business.

        One piece of information that i know for a fact you have incorrectly stated is after the 20yr period go straight ART. That is completely false. It is renewable at 5yr increments at the age of coverage for the renewable period. And stays that way til age 70. After such it is ART. Who else offers that? Most others offer either ART or conversion to a permanent life policy. Which one does State Farm offer?

        Pyramid? In a “pyramid” scheme the lifeblood is commissions made from the paying into the system. Uplines all the way up make money from the signing up of new blood. This is not how it works in Primerica. No Rep makes ANY money from the signup. And there is no product to buy or resell. The only time any commissions are paid is when a sale is made. Like real estate. Think about it… I as a real estate agent am licensed and want to sell homes. I can only sell homes from a Broker’s listings. In order to do so I must work for a broker(any real estate company you work for) or deal with a Broker. Either way you have to pay a commission to the Broker. Same concept. Nobody makes any money til a sale is made. No inventory. Work out of your home(if you want). Have more control of your business. State Farm uses captive agents as well. And they will push you to buy a whole/permanent life before they even consider a term life policy. I work with former agents that were on the other side with companies like State Farm, Farmer’s… You name it. I’ve seen what they push on people and policies they turned in to go with our product.

        I could go on and on but it would be mostly a waste of time. Primerica has never claimed to be the cheapest. And from what I’ve seen for other term products from other insurance companies large and small it is competitive and offer a good product. Cost is only a concern in the absence of value. Cheap is not the best and the best is not cheap. And it’s a hell of lot cheaper and better than anything offered in a cash value policy.

        Reply
        1. Jennifer Post author

          Even NuSkin was named one of Forbes most trustworthy companies of 2010.

          I just went to SelectQuote and this is why I believe they’re a better option.

          Looking For The Best Life Insurance Companies?

          Every life insurance company that SelectQuote represents has been rated A- to A+ by A.M. Best* for financial strength. By offering term life insurance from several leading companies, we’re able to provide our customers with the power of choice – and the opportunity to pick their lowest rates. The insurance companies we represent have also been carefully chosen to provide favorable rates for people with certain medical and lifestyle risks…

          American General Life Insurance Company.Banner Life Insurance Company.Fidelity Life Association.Globe Life And Accident Insurance Company.Protective Life Insurance Company.Pruco Life Insurance Company.ReliaStar Life Insurance Company.SBLI of Massachusetts.Transamerica Life Insurance Company.United of Omaha Life Insurance Company.William Penn Life Insurance Company.

          *SelectQuote only represents companies that have earned three of the highest ratings of 16 by A.M. Best, America’s leading life insurance rating service…”

          SelectQuote

          Cheaper? Those $25 for online access is a monthly expense. As it was stated, unlike Primerica AllState also helps you with leads, you’re not asked to recruit anyone, it’s a one time charge of $50, they can help you pay for your license and will start making a decent living from the start.

          If real estate is not a MLM company than is not a valid comparison.

          Primerica is mostly focused on recruiting people and that’s how they will advance, not by selling uncompetitive insurance.

          Primerica is 11 levels deep, this means most people will get scammed and only a handful of people will get rich off them.

          Reply
  8. Josh

    Business is not for the weak. Only the strong survive. Primerica sells hope, freedom, and good product. State Farm has to overcharge because they have to pay for their comedic primetime advertising. Millionaires and successful people don’t waste their time ranting on reviewing giving stars to online sites. Only losers are reported and talk bad about the company. Mentality and perseverance is what differs the 99% to the 1%. Have fun slaving your life away for benefits that are not really guaranteed in your retirement. Dive into business so you can live your life better. Use your creativity in a business. It’s hard because people are programmed to be close minded. You probably don’t even believe in yourself enough to start a business and make a 6 figure income, Jennifer. But it’s okay I hope anyone who reads this opens up to the opportunities America has at hand. Americans really are so spoiled. Pursue Freedom. Not 9-5 slavery. Education and Imagination are some keys to life. Have a great day yall

    Reply
    1. Jennifer Post author

      Primerica has uncompetitive overpriced products, please read the endless complaints on ConsumerAffairs.com. People that realize they are being scammed also talk bad about a company.

      People should invest in their retirement, but not with Primerica.

      Reply
      1. Juliana

        You keep posting this website. The only people that complain about the company is the ones that never tried. Money does not fall from trees. You must work hard to earn a descent living.
        About the pyramid scheme let me ask you this, do you have a job? do you have a supervisor/manager? Does your supervisor/manager makes more money than you? Does their manager/supervisor makes more money than them? If you want a promotion don’t you want to work hard to earn it? Is the same exactly thing. Ask any person that is a millionaire or wealthy if they just got money like that. No one will tell you yes it was easy, all of them worked hard to get where they were.
        Regarding the fees: Texas Insurance License Exam: $48, Insurance App Fee $50, Fingerprints $43. That’s a total of $141, more than the $99 initial fee. Now the $25 monthly fee. If you want to be a blogger you have to pay for a domain and a site to keep your blog going (if you want to be legit, unless you want cheap illegitimate crap). If you sell one life policy a month and your commission is $100, that’s $75 more you did not have before. How many times have you had gym memberships that you do not use, $40 a month wasted, at least here you can talk to one person and make some money.
        To wrap it up, stop complaining it did not work for you because you weren’t willing to work hard to earn the money. There’s no such thing as a free lunch, work hard, earn your money and be happy.

        Reply
        1. Jennifer Post author

          Your job is not a pyramid scheme as most people with a full time job will receive benefits and make an actual living as opposed to the $5,600 or less with Primerica. In a job, you will never pay them a dime and if you do, you will likely get compensated or the small investment will pay for itself. I agree that a job is not the best way to make a living as you’re underpaid while helping your company make millions.

          Yes, I’m a blogger and pay just $47 a month for almost everything I need to run my online business including industry leading hosting, a powerful website building platform, a superior keyword and competition research tool, awesome weekly live video classes, thousands of training modules, 24/7 support and much more.

          The problem is that the average rep will sell about 2 to 3 policies in a whole year and that’s a win win for Primerica.

          Reply
      2. Josh R

        I agree with Jennifer 100%, i have not done all of the independent research myself. But after discussing how the business works with a Primerica it seems to be based in very shady roots. Any company that needs a 20 person seminar like this was a Tony Robbins class is not a good sign. And anytime a company is set up in a upside down multilevel fashion means the little guy is not getting the money they deserve.

        Its also not about being able to cut it in a sales environment. I have worked in sales for years and if you sell something you should be paid for it. Not have someone take 75% of your sales because you are not a high enough level sales rep. It also seems like a bunch of people from the Primerica company have found this page and seem more worried about putting down Jennifer then building up their company. This is the scientology of the insurance game- they want you to feel good why they steal your money and make it seem like your making a difference to people. Also what kind of pig thinks that selling your family and friends insurance is not ruining relationships. If you were real sales professionals then you could go out and make the cold sales thats not on grandmas dime.

        Reply
    2. James

      Josh, you say that, but yet youre here on this site…. Makes me think you’re not a true millionaire, then again what am I saying, of course youre not. You probably dont even know how to read a financial statement.

      Reply
  9. Shar

    You should really do some CREDIBLE research Jennifer!! Primerica is the largest Financial Services Marketing organization in North America!! We have the most 6 and 7 figure income earners! Whatever a rep makes is his or her choice. You get from it what you put into it. If you don’t work you don’t get paid. If you recruit and push people up by helping them be successful and eventually be able to open up their own office, everybody wins. The families that I help get to financial independence in retirement, the reps that I help promote, myself and everybody all the way up to Head Office. Everybody wins. If the newest person works harder than the people above, that person can pass them. Everybody gets what they want here by putting in the necessary effort. Nothing comes for free. Primerica subsidizes the IBA fee to make it affordable. As for the Primerica Online fee. That’s all the overhead that anyone below Regional Leader pays. Its priceless as far as our businesses are concerned!! Consider the Source people!!! Do your own research!! People can put whatever they want on the internet!!

    Reply
    1. Jennifer Post author

      Credible research was done Shar and my conclusion is that Primerica is not a wise investment for the entrepreneur nor the customer. Their level premiums are only guaranteed for 20 years where others can guarantee for 35 years, they employ captive agents, their rates are the same for both genders, all their mutual funds are load funds and they are 10 to 50% more expensive than other companies. Over 60% of their agents fail and average just a little over $5,600 per year. And yes, to earn a decent living agents have to work very hard. If it was to the best interest of Primerica for all their representatives to succeed without any risk, there would be no fees at all. Primerica online should be free.

      Reply
      1. Juliana

        Yet again wrong… I just closed on a 35 year guarantee. Do some research!

        Reply
        1. Jennifer Post author

          If Primerica reps can’t shop around for their clients then why should that matter?

          Reply
      2. RJ

        Yes, and i trust jennifer, someone who Google this stuff and is obviously an expert! Obviously the IRS BBB American Customer Satisfaction Insex Forbes Magazine, 50 state insurance comissioners, the National Securitoes commission, New York Times yhe New York Stock Exchange, and all other government regulated bodies can’t be trusted.

        Reply
        1. Jennifer Post author

          I’m just saying that if Forbes is naming Primerica and NuSkin-both product based pyramid schemes one of their most trustworthy companies, I would do further research on them. nuskin

          Reply
      3. Danny

        Yep…school has fees, college & universities all have tuition and book fees. Hmm.. I think going to college must be a scam. I’m 148,000 dollars in student loans working as an intern clicking just a few bucks over minimum wage, THAT is the real scam people. You couldn’t make it in Primerica or perhaps you’re upset that your coach was a worthless coward who put a bad taste in your mouth and now you project all the garbage from that specific half wit. If I were you, look into the opportunity again with a real coach who has the best intentions to develop you into an RVP.

        Reply
      4. Chris

        That’s just like saying get your own bakery and the rent is free… By the way primerica is a ownership company… were not here to produce forever once you make a certain amount you can sell or hand down your business to your kids…

        Reply
      5. Keegan

        I do not think you know much about mutual funds, there are two main kind of mutual funds, load funds (front end charge and back end charge) and no load funds. a load fund charges a commission fee that goes to the broker, whether its on the front end or back end. A no load fund does not have a commission for the broker, but just because they do not have a commission fee does not mean you will not pay additional fees from the bank/broker, they will charge you a purchase fee, account fees, exchange fees, redemption fees, all these fees are not technically a sales commission fee which is why it is not called a load fund. load funds are only allowed to charge a maximum of 8.5% sales fee, but the majority of funds are around 4-5 percent. googling complaints is not doing research, every single company has complaints from people about something.

        Reply
    2. toolbelt

      Are you aware that their big earners list is a cumulative, not annual one? It refers to any rep, who during a “best” 12 month rolling window, achieved those numbers ONCE, since 1977. Many never repeated those levels ever again. In fact, 64% of those on the list made it prior to the year 2000. In 2011, for instance, only 5% of their entire force exceeded more than $36k in earnings.

      Reply
  10. Sky

    100% agree with Jennifer! I was with Primarica for a few months, it was the most terrible experience in my life. People, please do not join this company. You will end up spending hundreds of dollars and make nothing at the end.

    Reiko, Christian, you both suck! You guys most likely have no education. Take a look at those people works for Primerica, none of them have master or PHD degree. Also, how do you guys make money? You guys got paid by educated people? Or need to sell insurance so you can get paid?

    Reply
    1. The one

      Sky WOW! How do you know these gentleman to speak on there education. Furthermore if you do your homework it takes more than a few months to grow anything try years. So you have no credibility in business sense to even speak. Talk with people like Mark Cubin, Warren Buffet, , Bill Gates,Amancio Ortega, Carlos Slim. Oh you wouldn’t no the last two because you’re not educated in money only what the schools gave you. They didnt graduate from college, however they are billionaires. Talk with so called professor’s and see if they are all happy with there pay. I will do you one better talk with your high school and elementary teachers. SMH #FOOLISHNESS

      Reply
      1. TurkeySeed

        “Oh you wouldn’t no the last two because you’re not educated in money only what the schools gave you.”

        Wow. That statement (complete with grammatical error) just says all you need to know about Primerica reps.

        Reply
    2. Deatra

      It is unnecessary to hurl insults to get your point across. If you do not like the company it is your choice. I just joined Pirmerica and I will make the amount of money I choose by working hard. I am very educated. I have a Bachelors in Nursing and I am getting ready to start Law School. I just want to make extra money. I really depends on why a person gets in involved. Most educated people know you should buy term and invest the difference. I’ve known that for years. Anyone that reads Money magazine or listens to the financial advisors they have been saying it for years. It is the young people that have no clue what to do with their money and will invest in whole life. It is unfortunate that Primerica will recruite anyone and that people are dishonest.

      Reply
    3. Chris

      Primerica never worked for you because you are probably one of those people who think they know it all.. Not coachable…

      Reply
  11. Karry Shaw

    Can’t believe how brainwashed Primerica reps are. They still point out to an outdated Forbes magazine for legitimization. Hey, guess whole else was in Forbes? Enron? Bernie Madoff? It doesn’t mean anything. Do people even read magazines now? The products are presented as if they have a giant market, but when people find out they are overpriced they leave in drones. The market is so limited and closed and the money comes out of recruits hard work while the people in the top get all that money. People in the 21st century have the Internet to reach millions of customers and these guys think they’re changing the world selling overpriced products to the uneducated door to door. I mean these guys go fresh out of high school to sell the stuff- it’s sort of evil. Do people a favor and save them billions of dollars with other reputable companies that doesn’t prey on people. It’s not an opinion, it’s a fact. Do your research outside Primerica and it’s obvious they act like people bashing are just haters and are famous for the bashing with the only companies in comparison are other mlm companies. MLM poisons people’s heads on business- it’s like cancer. I swear, they even defend millionaire leaders who are clearly exploiting their gullibility. I can’t wait tell people to wake up and smell the smoke in mlm companies.

    Reply
    1. Jennifer Post author

      There are several scam companies that have been shut down by the FTC that have received prestigious awards like the Stevie Awards and yes, you’re exactly right Karry, it doesn’t mean anything.

      Yes, most people in MLM companies are like robots- they think and act the same.

      People sell insurance programs that nobody has ever heard of, but they do it for the money.
      Yes, that’s what separates a pyramid scheme from a corporate job.

      Karry, thank you so much for your insightful comment. You will help more people than anyone can being a Primerica agent. I wish you the best in your endeavors.

      Reply
  12. Karry Shaw

    and their comebacks are scripted like they are robots.

    No advertising, lol! Billion dollar companies nobody has heard of is good for MLM companies since they could continue what they do without anybody asking nosy questions, not good for the distributor morons.
    Corporate America is a pyramid? No it’s not-
    even the ones in the bottom are paid a liveable wage. Could people in MLM in the bottom feed their family? I don’t think so.

    Another funny one is oh we work with reliable companies advertising the shit out of other companies but themselves. You don’t hear McDonald’s advertising more Coca Cola then themselves. Citibank spun you guys off so they don’t have to deal with your future. No more stealing credibility from others who earned it. You guys are so blind, it’s amazing. You want to be rich? Go to the ghetto and recruit the homeless and get them licensed. Aren’t you changing their lives? Helping peple? With what clearly don’t be so open minded, your brains fall off.

    Reply
  13. Tijana

    The sad thing is that people who got started with Primerica will read these reviews and actually believe it. Primerica is an awesome company, FIND OUT FOR YOURSELF. For example, this article writes about Primerica only offering a 20-year guaranteed premium term – are you crazy?! We offer 35 years! It makes me think – who are you? And where are you getting your infomation? Also, Jennifer is a State Farm agent. She is in competition with agents from Primerica. Of course she’s going to say what she’s saying!

    Reply
    1. Jennifer Post author

      Primerica promotes canceling any permanent insurance one might have to buy term life insurance and investing the difference in mutual funds. That’s not exactly a smart thing to do because there is a place for permanent insurance and in some cases, not term.

      If someone becomes uninsurable during the term of their insurance policy, they end up without any insurance after their policy expires and their insurance becomes unaffordable in many cases as they become older.

      Reply
      1. Mike

        Jennifer- way to not address the main point that Tijana made in that Primamerica does in fact offer 35 year term insurance.

        Reply
        1. Jennifer Post author

          As I asked before, can they guarantee their insurance remains level for the full period?

          Reply
      2. Realist

        Well Jennifer, Tijana does have a point. Primerica does offer 35 years. Also, buying term and investing the difference does make since if you are older because whole life is costly. All insurance companies are placing bets that you don’t die so you are a pawn in any case. Whole life only makes since if your parents buy it for you at a very young age. Nice job on your post though getting people to follow you even though all of your facts aren’t correct. You should at least update

        Reply
  14. Kerry

    Jennifer,

    I personally own a 35 year policy with Primerica. My rates were set for 35 years. I am renewable and non cancellable even if I get cancer, heart disease, etc. I have it in writing. I googled best term insurance, and their name came up as #1. A few companies have tried to beat my policy and couldn’t match it. Primerica also pays out a higher percentage of policies than any other company. They paid out during 9/11. Also, I have funds with them. They are not all load funds. Yes, they are mutual funds and there is a MER…is that what you are saying? In the old days prior to the agents having Mutual Funds licenses, there were just seg funds that carried a load…but now, depending on your timeline, some of mine are 0% FEL and some are DSC…it depends on what your investment is for…retirement, education, etc. As well, they are required to be licensed by the state or province. I know a lot of people that have failed those exams a lot and couldn’t pass to work there. That’s why a lot of people don’t stay I guess. I think you should do a bit more research before you post? There are some things that are true, but you kinda twisted them….

    Reply
    1. Jennifer Post author

      When I googled best term life insurance, TransAmerica came up as #1.

      Other ones I came across include New York Life, Northwestern Mutual, StateFarm, MetLife, AIG, Prudential and BannerLife.

      I rather shop for term life insurance on the internet because I don’t have to have a salesperson breathing down my neck. It’s also easier and faster to comparison shop for quotes, something Primerica agents won’t do for you.

      These sites include Quotacy.com, PolicyGenius.com,1stOptionInsurance.com, Insure.com, AccuQuote.com,or QualityTermLife.com.

      Reply
  15. toolbelt

    “244,756 people were recruited in 2011”

    and in actual fact, of the 244,756 recruited in 2011, 211,045 quit, for an 84% turnover rate.

    Over the last 6 yrs (2010-2015), 1.275M have been recruited, 1.07M of those left.

    The turnover rate for licensed reps is 34% yr after yr.

    Reply
  16. Mark Ford

    I used to work for Allstate and when a friend of mine approached me about Primerica I was shocked by what she told me. Legitimate companies do not work this way. Jennifer is dead on with this and obviously you other guys work for them and haven’t learned the cold hard truth yet. Also, I am currently a nursing student that had to pay for a NATIONWIDE background check and it was $40. Also the commissions were much much better at Allstate and I was never asked to recruit anyone and they provided the leads. And even better, the agent I worked under paid for me to get licensed and I was able to work there as a customer service rep while going through the process. I tried to warn her but she was recruited by her mother….

    Reply
  17. John

    Jennifer, I think your analysis of Primerica is incorrect. First recruits only pay $99 to obtain a license and the company pays for your insurance class, your fingerprint and your appointment with the State. I spent a bit more because I wanted to take my license quicker and took an audio review course for the life insurance exam at helpmepass.net…..The monthly POL fee is optional and you can choose not to enroll. But considering if I wanted to get this same license at a community college, I would pay a huge sum amount of money. Now, I don’t think the Primerica business is for everyone but it sure isn’t a Scam.

    Reply
    1. Jennifer Post author

      5% of Primerica reps are making over $36,000 a year. 84% is their turnover rate over the last 6 years. In 2015, an average of 2.54 policies were sold for the whole year.

      In regards to their products, Primerica only sells term which can turn into an annual renewable term after it ends which increases in price every year.

      They don’t compare rates and aren’t as competitive as other well known insurance companies like Prudential, Banner Life, or SBLI.

      Many of Primerica’s agents are inexperienced and don’t have the knowledge that an Independent Life Insurance Broker has because they only work part time. Would you want a part time optometrist doing surgery on your eyes? Probably not, so why let them handle your family’s financial future?

      Primerica only sells term life insurance, but no permanent policies. These are for seniors to cover funeral planning.

      Reply
  18. Josh B

    Some of what Jennifer is saying is true, but saying that Primerica doesn’t offer term up to 35 years is a straight lie.

    I like how Jennifer keeps saying how Primerica has overpriced products. Because if you look at anything that is sold, you can always find a cheaper price somewhere. Same with term insurance.

    But fact is, if a client still needs insurance once their initial term period is over, Primerica has the best end of term options out there. And definitely the best prices in the market if someone is in their 60’s & 70’s still need insurance. So even though you keep saying Primerica’s products are over priced, Primerica can definitely beat the price someone will pay if they still need insurance. And that’s also why other companies prices may be cheaper now. Because after the 35 years, the new policy’s price for other companies will be 30 to 40 times higher than they were paying for the first 35 years.

    Also like your style Jennifer. I don’t think most people noticed this but I like how you wrote your own “review” of Primerica then put you link to the product/service you’re promoting. That’s a great business move. I bet you get quite a bit of traffic and make quite a bit of money from this site. Not bad. I would love to meet you one day. Lol.

    Reply
    1. Jennifer Post author

      Primerica reps don’t give the best price because they don’t shop around for their clients.

      Seniors need permanent policies for funeral planning and burial policies. Primerica only offers term.

      Reply
  19. Josh B

    I also wanted to note how you keep mentioning the turnover percent. If you look at any company’s entry level positions, their turn over rate is high. For example, Massachusetts Mutual Life Insurance Company was listed as having the highest turnover rate out of all of the Fortune 500 companies. Other companies that have high turnover are McDonald’s, Walmart, many retail stors, Amazon, Google, etc. And all of these companies are large, well know, and profitable companies. They don’t care about the turnover because they are always going to RECRUIT someone else to fill that spot.

    I just want to know mentioning turnover is so important to you?

    Reply
    1. Jennifer Post author

      I wouldn’t imagine if this company could make you a millionaire why the turnover rate would be so high. Unlike Primerica, all these reputable companies paid their employees a decent salary.

      Reply
  20. Mark

    I am with Primerica and I have two master’s degrees, so Sky you are wrong. I is clear that Jennifer has very little knowledge of the company and what it takes to be successful in it. Do you know the breadth of products that Primerica offers and how they market to middle american families that most high end financial institutions won’t touch? I would say it is not for everyone. If you want to punch a clock, get paid a fixed rate for fixed hours of work and hope that you can get promoted someday, then this is not for you. It is a business, so it will take work, and lots of it to build a client base and make some serious income. Most people aren’t willing to do what it takes to be successful in it or any other business opportunity, but if you do the work you can be successful.

    Reply
  21. Eddie

    Notice how everyone who has commented and is pro Primerica has gotten super defensive about how great Primerica is, and they tell you to “do some CREDIBLE research”, and they find any means to prove that the business is actually legitimate, and isn’t out there to “scam” people. Why don’t you do actual research and realize that businesses like this aren’t the best way to become successful. The success rate is so low and like many other people have said, only a select few actually make a good living out of this, and earn that 6 figure income they constantly brag about and make people believe that they can make. They make that money because thousands of people are too ignorant and gullible to know any better than to waste their money and time. These people are experts at brainwashing you into thinking that this is actually a good idea. Please BE SMART and look into things and don’t be dragged into something simply because someone hints at the possibility of success. You don’t need a degree to figure out when something is not right.

    Reply
  22. toolbelt

    Primerica-The real numbers! Primerica’s big earners list is not only cumulative back to 1977, but also cumulative by level (ie: a $1M dollar earner is also counted as a $100+k and $50+k earner, etc). When you factor out this accumulation, here are the true counts of individual reps at the maximum levels each achieved, for any one “12 month rolling window”, as of 12/31/14. (Primerica “Destiny” Book)

    $50+k earners-3067 individual reps
    $100+k earners-2845 individual reps
    $1M+ earners-51 individual reps
    $2M+ earners-16 individual reps
    $5M+ earners-1 individual rep

    That is a grand total of only 5980 individual reps who ever surpassed the $50k level, at least once, during a best 12 month rolling window, including any advances, out of the 100’s of thousands of Reps who’ve ever worked there, since 1977. Many on the list achieved that level only once. Since 2009 alone, there have been over 349,167* individual reps alone. This is the equivalent of any company with 100 employees having only 1.7* people who ever exceeded $50k once, or more.

    Reply
  23. John

    I just went to your term4now and Primercia was cheaper them any coverage from them. Also I get the one on one you don’t get from just getting a quote online.

    Reply
    1. Jennifer Post author

      There are many other sites you can use such as Quotacy, PolicyGenius ,1stOptionInsurance,Insure.com, AccuQuote,or QualityTermLife.com.

      I like the ease of shopping for term life insurance online because I don’t like to be pressured by a salesperson It also allows you to comparison shop for quotes in minutes.

      Reply
  24. Melessa Deleon

    Wow! I joined Primerica to offer financial services to my clients , being i run a succesful tax business , some times our orices are cheaper and some times not that is not a scheme , life ins, pays out ,incant say that for many companies , I am happy with Primerica, I am educated have a masters in accounting and business management , so where youbalk get thatcwe are uneducated is sad, maybe you had a bad experience ,or your just posting and know nothing of Primerica, but i love the products and the fact that i get to iffer my clients financial planning makes me feel great ! Like insaid to each their own opinion. But you get what you out into it and i dont have too gather my family and harass people , I have i offer the services and i try and get them a good price. That is all.

    Reply
    1. Jennifer Post author

      In regards to Primerica’s term insurance, Primerica reps won’t find their clients the best product at the most affordable price for their individual situation. Their investment products are restricted and their sales fees are immense. A better option is going through an online broker and investing in no load mutual funds. If Primerica’s products were so great, than why does each rep manages to sell an average of 2 to 3 policies? If you ask me, that’s easy. One sale would be to myself, one to my mom and one to a best friend.

      Reply
  25. K

    I sat next to a couple of Primerica reps of about 30+ that were on my flight this morning. They told me they were Financial Services Educators and they educate families and businesses about 401K’s and personal investing. I ended up here at this blog because hearing them talk to one of their “vendors” who sat across the aisle, and he was a guy selling newly created investment types. It sounded shadey. He was in his mid 20’s and he nor anyone else around me sounded educated enough to educate others. I didn’t understand why a free educational service would pay for employees to go on tropical vacations twice a year and have vendors do presentations. Vendors of what? They kept saying upline and building their base as wide as possible and that screams pyramid. Sure enough, all my online research has backed up my feeling of creepiness about interacting with them at all.

    Reply
  26. Mark

    Jennifer that is not a true statement. There are cases where you do not want to cancel a permanent insurance policy. But the primary goal of insurance is to cover income costs during a time where it would be catastrophic to go without income.

    Most permanent insurance policies are so expensive the insuree cannot afford enough coverage to prevent a financial disaster. They are a scam that pays huge commissions to their agents.

    Reply
  27. candice smith

    I also tried Primerica…TWICE!!! I didn’t like it. The second time I tried it, I had to take an oral swab test and my results came back positive for tobacco. I HAVE NEVER SMOKED IN MY LIFE! I felt that I was being scammed so I end up canceling both times.

    Reply
    1. Jennifer Post author

      Thanks for sharing Candice. Yes, it seems like they wanted to charge you more. They did the same thing to my boyfriend’s friend.

      Reply
  28. T

    But Primerica has a guaranteed insurability clause on those term life policies

    Reply
  29. M

    Thank you so much Jennifer, I was approached by a couple about this company. I was already kind of skeptical about it but after simply knowing that it is MLM is all I need to know. It’s garbage. I don’t know why these other idiots defend it so much, they could be making real salaries and real commissions selling for a real company. Sales is a very lucrative profession. But a word of advice, stay away from pyramid schemes. The odds are stacked against you.

    Reply
    1. Jennifer Post author

      You’re welcome and thanks for your feedback. Exactly, there’s is no opportunity with Primerica since the average rep sells about 2 policies per year and one of those sales is to themselves.

      Reply
  30. Brad

    Stats speak for themselves. Jennifer sounds like she didn’t have what it takes to be an agent with Primerica. The fact that all of these income averages are based off of ALL INDEPENDENT AGENTS should point out a couple things. Our part time people will not make your 32k like you do at State Farm. Factor in the people who literally do nothing every other month. I see you left out the facts that Primerica has the most 6 figure and 7 figure earners (74 reps currently get paid in excess of one million dollars annually) out of EVERY COMPANY IN NORTH AMERICA. 1 in 35 fully licensed reps make 6 figures. As far as people calling it a Citi Group spin-off… Primerica bought itself out of the contract. Their companies achievements were being undermined with a company that was failing. Your copied post about the paid up policy that rolled over… Hmmm. Primerica doesn’t even offer that as a payout option. So I would say that is false much like the majority of this page. Now to the next lie about the overpriced coverage. If Primerica had coverage that is so expensive, why is it that every time they are cheaper on renewal? Load fund… Jennifer. Oh please. Get out a calculator and please tell me when a non load fund BEST SUITS THE CLIENT. You need to double check your math. There are two scams in the life insurance industry. The first is Whole Life products which are overpriced and insufficient for INSURANCE COVERAGE. Their returns on investments never add up to what they project. The second would be the DRAMATIC INCREASE IN COST when it comes to renew or exchange. Primerica is the ONLY company that offers TERM TO TERM conversion with NO MEDICAL CHECK. Get your facts right before you make false claims. If you are that upset because your clients keep switching then I have a saying for you… If you can’t beat them, join them.

    Reply
    1. Jennifer Post author

      A Primerica rep will make an average of $5,600 and this is between full time and part time reps. I wouldn’t doubt if a full time rep made this much per year. Wow, sounds like there are many people who can’t sell your noncompetitive life insurance.

      Only 2,913 reps have made more than six figures since Primerica’s big earners list is cumulative since 1977 and by level.

      There have been instances where if a customer declines to make a change, the policy converts to an increased flexible premium without an exam. In some cases, Primerica offers annual renewable term after the level term period ends which increase in cost every year. Also, Primerica reps can’t compare rates to more well known insurance companies for their client.

      No-load funds generally have lower average expense ratios than load funds which mean higher returns that can put thousands of dollars over time in savings and compound interest.

      Reply
  31. John seedley

    @ Jennifer.

    I would definitely love to hear your research on what insurance companies out there teach you how to get out of the need for life insurance. I would love for you to actually go into these banks that are giving you .05% rate of return and ask them why do they not tell us how much they are making off of our money. I would love to see how many people you sold a whole life insurance to them when they don’t need it, because what they need is to be self insured. I have personally helped one family get out of debt 31 years earlier then at the rate they were going. Their life insurance was $100,000 for 20 years at a rate of $186/month, we were able to provide $250,000 for $91.92/ month for the same 20 years. So tell me how did you help them by making them pay their whole life? and also stealing the cash value behind their back? http://www.bbb.org/central-illinois/business-reviews/insurance-companies/state-farm-insurance-company-in-bloomington-il-6000391 Here is a link to statefarm being a NON-ACCREDITED BUSINESS according to bbb.org. http://www.bbb.org/atlanta/business-reviews/financial-services/primerica-in-duluth-ga-6985 There is primerica with a A+ rating for the past 35 years. But hey why believe what information I just looked up it is only from the BETTER BUSINESS BUREAU.

    Reply
    1. Jennifer Post author

      If you guys did so many miracles for people, why hide who you are and make people beg for more information in fake job interviews?

      Wow, Primerica’s been paying thousands for almost four decades for accreditation and to gain trust. Nice marketing move.

      StateFarm simply refused to get scammed and though pricy, they’re one of the best life insurance companies and have a broad selection of coverage options and diverse policy riders.

      Reply
  32. Marie

    67% of people who have gym memberships never use the gym. I bet you that they were lured in with False dreams of being in shape and healthy.

    56.1% of college students drop out after the first year. They make you pay thousands of dollars in tuition, fees and book with out even a promise of a job. What a scam!

    45-55% of marriages end in divorce.

    Only 54% of Americans are 100% self sufficient when they retire

    Nothing’s wrong with marriage, college, or going to the gym, or Primerica. Each system works, if you work hard and don’t quit. Most people quit when anything gets challenging .

    Yes, some people are deceptive, but just like any other field that doesn’t mean all are. I have had a bad experience with an individual and the next agent helped my family tremendously. I’m not even 30 yet and I have investments for retirement and college funds for my kids. I have a will, living will, and POA. I will be completely out $126,000 of debt in 3 years.

    All because I did not let one bad experience stereotype the whole company.

    Your choice, but my family and friends are a lot better off because I decided to see for myself and not listen to “educated” blogs like this 🙂

    Reply
    1. Jennifer Post author

      Your comparison between Primerica and marriage, college, and going to they gym is irrelevant as the odds are stacked against Primerica reps. In this case, instead of stating irrelevant facts, keep yourself on topic with Primerica rep facts. And it’s more of a challenge when you’re trying to sell uncompetitive insurance with a company who’s reps lack the financial knowledge and experience of a real Independent Life Insurer has.

      Reply
  33. Alisha

    Thats wrong you do not cancel your insurance unless you are qualified for Primerica’s insurance I was a client before I joined Primerica.,We make sure ppl dont cancel their polices unless they qualify for our insurance. If the person cancels and is uninsurable they will b without coverage so we do not recommend that. So that makes no sense and u mustve made that mess up. You seem very like a very upset whole life agent. Did you create this site for leads? Like who really sits around and creates a hate blog. And as far working for Genworth, Banner Life and other companies you must have years of experience to even get an interview…. for all those ppl who never worked in the lucrative world of finance, Thank u. So Jennifer this is not a way to get clients by bashing a company that has helped soo many families including mine? If we werent legit how in world are we fingered printed and take state test? Explain that? How is that we have to take the same test every else that qualified to work a financial institution took huh? How did we manage to become the Largest Financial Marketing Organization, how did we sneak that one pass the good ol State and Federal Gov’t? We teach ppl how to eliminate the need for insurance by showing them how to become self insured so clients dont have to worry about paying for insurance for their whole life unless they wanted to but the focus is teaching ppl how to manage their money better and save for a comfortable retirement, to be happy but I bet you knew that already. And if Primerica is a scam why we they allow us to recruit our own clients?????? How would we secretly slide a scam pass everyone we train and develop? U should have seriously thought this blog thru before creating it. Anyway enjoy this nonsense.

    Reply
    1. Jennifer Post author

      State Farm only requires about one year of experience and/or college graduates. I wasn’t fingerprinted when I got recruited by them back in mid 2008. So they do make people take test which makes them seem more legit, but it doesn’t hide the fact that the majority of the people will fail trying to sell insurance for double the price of other companies like in all upside-down pizza slices-11 tiers to be more detailed.

      Primerica- the largest financial marketing organization??

      Reply
  34. Robert

    Jennifer,
    I have read all the posts. This is what know! If you try hard enough to find something wrong with a company no matter if its network marketing or regular corporate, you will find it! No company is perfect! I have not worked for a company in the past 10 years that hasn’t had complaints because you cant satisfy everyone. I see a lot in here about the average person fails. That is true! I also know if it was so easy for every one to make it big then it would not be called success! People quite network marketing, there jobs, there marriage, even there church everyday. Bottom line, your not a fan of network marketing and no one will be able to change your mind about that. I see there is a divide in the thread, those that dislike Network Marketing and those that like it. Remember, its nothing more than a business model.

    Reply
    1. Jennifer Post author

      Yes, success is hard but it’s better to spend your time, money and effort on a legit company. I do like networking marketing but there are a few legit companies. It’s better to be involved with a company selling products at fair prices to the general public.

      Reply
  35. Jazmin W

    No one should ever be persuaded to drop their current Insurance before approved for new insurance. That’s not how Primerica does it, that’s not how any business should do it. I just had a client with a whole life policy that could not get approved for new insurance due to medical reasons and she is to pay her policy on what she has right now with another company.

    Reply
  36. James

    That’s very true about whole vs term life. Also mutual funds aren’t a very good investment because of all of the loads. Simply investing in an index will almost certainly duplicate the results. If you want to find out if a salesman is full of it, ask them how exactly their product accomplishes what it does. Ask them how exactly they achieve those returns. If they can’t tell you, then they don’t truly understand and are just repeating what they’ve been told to say. Do you want advice from a parrot? Or a real expert? Because you wont find any real experts with Primerica.

    Reply
  37. JIone

    Jennifer is right. There is something wrong with this company. Today the 4th person from Primerica called me about working for them in the last 3 months. I had to dig just to find out what the position was. I know who they are as I am a seasoned finance professional and I was once a licensed insurance agent. The gentleman (and I say that loosely) refused to tell me what the position was. He repeatedly told me I will have to come to their office if I wanted to know. I have been contacted by dozens of companies about employment and no reputable company forces a potential candidate to beg for information. He wouldn’t tell me the title of the position. He didn’t know what the job responsibilities were. He didn’t know if it was a commission based position. He insisted I would have to come in to find out those key facts. I told him 3 times, thank you for contacting me, but I wasn’t interested. He eventually just hung up on me. I have been in the business world for 40+ years, and I have never seen such unprofessionalism in my life. Except, by scammers. I will complain to them directly. I will also let them know that not only would I not buy their products, I would not work for a company that has no respect for potential candidates or customers. I will also spread this information by word of mouth and I know 100’s of people. Good luck to those who are lured into this dark hole.

    Reply
  38. Not Brainwashed

    sounds like a few people on here are brainwashed to perfection… but please continue lol

    Reply
  39. Patrick

    I found this post when I was looking up Primerica because I had someone attempting to recruit me at my job while I was taking a smoke break. I am a sucker for people selling me shit and even to me this smells like a scam.

    Reply
  40. Brandon

    Jennifer,

    I would like to see your sources stating that you can pay to be on the Forbes lists and the rating for the BBB. I’m curious because I don’t believe that for a minute. Your basically saying any company (Google, Apple, Microsoft, etc) all pay to get on that list…somehow I don’t think that is quite accurate. I’d like to see credible sources for those statements. Anyone can make a claim, only real claims can be backed up by actual evidence.

    Provide the actual evidence besides people that couldn’t hack a sales industry that can, in a lot of places, be quite difficult to begin. Secondly, you can just become an agent at State Farm, thats true, but then where is your business? State Farm doesn’t hand you a client book and say here you go. They spend HOURS of time cold calling on lists to get people to come in and sign up for policies. They use friends, family members, and referrals to begin their business. Now you can inherit a book of business from a retired agent, but you have to purchase it and this can cost you an extremely large amount of money. I know this industry well on the other side (non-Primerica). You also have to get all of you licenses to become an agent, and this is often an out of pocket expense for agents. None of this stuff is cheap to get started in a standard insurance agency.

    I am not saying Primerica doesn’t have its downfalls, but at the same time, they do have the ability to provide people with a financial education. If you get the right people, you can become financially literate even if you choose not to join or purchase anything.

    Personally, I just hate trumped up people bashing something without actually providing some kind of credible research for people to look at while at the same time peddling some other business that supposedly lets people become financially free. Where is the credible non paid for research that backs up your claims on Wealthy Affiliate? To me, at this point, you just seem like a walking bill board trying to get people to buy into the same crap that companies like IT WORKS! which has a lot of research showing there are issues with many of their products. People get upset when they could “get rich quick” and realized they might actually have to do that thing call “work” to make it in a business.

    Reply
    1. Jennifer Post author

      Even if Primerica was named one of Forbes most trustworthy companies, I still wouldn’t be a customer or a rep. Like I’ve mentioned before, they recruit anyone despite of their background. Acquiring a few licenses doesn’t make them qualified enough to handle one’s personal finances.

      Their advisers have only two words in their mind, recruit or sell. If they can’t convince you to either become a recruiting machine or sell products for measly commissions, they will attempt to sell you their overpriced products.

      Here’s prove that companies can pay the BBB for “A” ratings.

      How can you own your own business with Primerica if your office is rented, your employees are self-employed, and once you decide to leave Primerica, you lose your clientele. At least State Farm agents are making a decent salary.

      Can you provide me with credible research that there are problems with Wealthy Affiliate’s services? It’s completely free to join and there’s nothing to lose except your time. Have you ever been a member of WA to say that it supposedly provides an opportunity for people to become financially free? If you become a member, you’ll be able to read the endless success stories.

      Reply
  41. DR. Abdulrahman Albadrasawi

    Primerica is not only a pyramid scheme (scam) I believe they are a bunch of high school dropouts, and they figured a way to attract similar situations, desperate losers who want to be rich without hard work.
    My advice to all of you, don’t listen to the pool stuff they tell you about their business, go to school and educate yourself and climb the ladder step by step, live a real life, not a dream life you get into as a looser and you will wake up one day and find yourself guess what? A big looser again.
    Education, Education, Education
    Yes that’s what you have to do, its only than business like Primerica will not find the opportunity to suck you in to their pyramid trash.

    Reply
  42. Alex

    Thank you for the insight on this It’s excellent research. I’ve had several people within the last year persistently trying to either recruit me or sell me one of their products. With the most aggressive solicitation coming from my friends pot dealer calling incessantly promising to “show me something amazing” and to “have my life changed”. He must have jotted down my number after sneakily lurking through my friends phone . I’ve always disregarded their attempts despite minimal consideration as it instantly sounded spurious.

    Reply
  43. Francisco.

    Thanks for sharing Jennifer and keeping people inform of this scam.

    Reply
  44. Zoe Johannemann

    I will pray for you…. Primerica is the greatest company I have ever been blessed to be apart
    of and its a shame that someone would drag there name through the mud. Not only is it an amazing opportunity but our office ALWAYs does what’s right for the client! They preach integrity everyday and I have been so grateful to change so many families financial situations!
    We add VALUE to a family’s life! I was a client for years before I ever joined the company and because of PRIMERICA I will be out of debt in 9 yes as apprised to 26yrs! (That’s including my mortgage!!!)
    This company is a blessing!!!! I’ve never worked in a place that was so motivating, encouraging, uplifting, & self improving! Everyone wants to see you win and succeed for your family! The most humble people all the way up to the million dollar earners!!
    I just had someone come on my team who was already previously licensed and guess what? They didn’t have to pay the $99 BECAUSE that pays for your license. So this man started our company at no cost and will be able to get every security license with us! Thats a financial education!!!! The $25 a month expense, I’d pay it a million times over. Having to pay an accountant or payroll or someone to maintain your finances for a business would cost so much money in any other company. I have everything done for me!!! That’s what your 25 pays for! And I save more on my phone bill because the company offers a discount for cell phone providers.. So if I do nothing at all but pay the 25 overhead I’m positive $15 from the savings discount on my phone bill. Pyramid scheme? People can pass you up! Just because you were recruited by someone doesn’t mean they can’t move past you! Like in ANY financial company you get paid for the SPREAD! The people who don’t make it in this company choose to let their excuses take priority over their goals and dreams! They are not willing to change to become the best version of themselves! This company will change you into the most positive person and truly show you how to preserver if you are willing to get back up when you fall down. That’s what makes anyone anywhere be able to win. So for all the people who joined the company and never got their license or never got
    Promoted .. That’s on them and their willingness to do so. The company gives you absolutely everything you need to win. The coach you the entire way. But I can’t win for you. It’s a choice everyone makes! But to bash this amazing company that has changed my mindset, my life, and that you get OWNERSHIP to live a legacy to your family, is just ridiculous and you should be ashamed of yourself! There is no better place in the entire world! No other place that will encourage you and help you every step of the way to
    Achieve greatness. Encourage you to have a partnership with your spouse or family member to grow together towards one goal! There is no place like Primerica, none. Thank you God for a company that actually gives BACK to the people that work hard
    To make it what it is. You give 100% in another company your boss wants 110%. Nothing is ever good enough but the smallest accomplishments are praised and people become your family

    Reply
    1. Jennifer Post author

      If Primerica is such a great opportunity, why do reps often hide the name Primerica in their fake job ads and conduct fake job interviews? And why do they have to beg people to join?

      Reps fail because Primerica doesn’t help them with marketing after their recruits gets their warm leads.

      Reply
  45. Jeffrey Cerna

    Thank you for the insight. I saw this after I went to one of their orientations and I am now regretting signing up and paying for the IBA. Initially I didn’t want to sign the IBA, I wanted to talk to my parents beforehand but they insisted on me signing the IBA. I’m gonna try to go to the bank and cancel the transaction before it is too late, but I have to ask, if the bank can not help me is there a way to get my money back from that damn IBA fee??

    Reply
  46. M. Taylor

    Thanks for the article, Jennifer. I suspect the reviews on Glassdoor.com are not truthful.

    Reply
  47. TurkeySeed

    Oh, THAT Primerica. That explains a lot.

    One of my friends tried to pitch me on this a while back. I had a sneaking suspicion it was an Amway like thing.

    Here’s the thing. I earn a lot of money by comparison to most women my age. She came at me with a question as to “Wouldn’t I like to have more free time to spend with family?” . I immediately asked her if she would like to do the same given that she was here, trying to talk me into some kind of sale. On a Sunday evening. For three hours.

    Lady, I already work for a company that allows me to work from home much of the time and I earn way more
    than this Primerica shit will ever earn me. Plus I have weekends off and because of my flex hours I have all the time in the world to catch my kids’ plays, tennis matches, and track meets.

    The thing about these MLM deals is that the pitches only work on people who are down on their luck and desperate and then THEY in turn have to find more people who are down on their luck and desperate. After a while, you run out of people who are down on their luck and desperate AND who happen to have money to pay the entry fee. It’s unsustainable. And, of course, if you try to explain this, you’ll get hurt feelings and broken friendships

    After a while, I decided that friends who want to sell me on shit investments aren’t friends anyway.

    Reply
    1. Jennifer Post author

      That’s pretty funny. I remember when I used to try to sell Primerica to strangers and they would tell me that they have never heard of Primerica or that they already had State Farm or some other reputable insurance. It was a tough hustle…every MLM is a tough hustle. I bet it was really annoying listening to her for three hours on a day you should be relaxing. I bet this Primerica rep would love to be in your shoes.

      Yes, exactly. Many people fail because they can’t sell the product and they run out out people to recruit. It’s true that in every MLM, only a small number of people succeed. Every rep needs at least 1,000 people to make a sustainable income and they need 1,000 each, but is this really possible?

      Sadly, this is one of the consequences of being involved in a scheme. The majority of people don’t want their friends and family to make money off them.

      Reply
  48. kiara lewis

    Jennifer and Emily, you are the best! I just turned 18 in March. I’m still young, but not all that dumb in this crazy delusional world. Now, the person who recruited me was my pastor- sweet and loving lady! I’m now wondering if she knows anything about this being definitely a pyramid scheme!

    I’ve been reading these obnoxious comments all day which doesn’t makes sense. I’m guessing if she did know about this, she probably wouldn’t take any more parts in this… I’m actually very nervous to tell her I need quits!! Lol, I want no more parts after reading this.

    I began fooling with Primerica in April. Here’s June, not a PENNY in my pants pocket, jacket pocket, wallet, or etc. from Primerica. What a waste of my damn time! I could’ve started me another job. They are so manipulating and it’s true! They brainwash you to make it seem as if you will be making what told. I barely get help to get appointments or anything. I’m just an airhead, this is a sad company. I look at them like they’re the devil now and I actually thought some of those people were sweethearts. Sad thing is, one of my “referrals” told me Primerica was a pyramid scheme who has been around for years… Enough about my sad story. The company should have no complaints or unsatisfied customers roaming around social media! People are putting their after life in you guys hands! The Primericans on here also shouldn’t be going back and fourth being disrespectful! That shows that ‘any’ type of people definitely works for Primerica. I can go on and on. I just wish I did my research! Ughh good thing I’ve only had unsuccessful appointments

    Reply
    1. Jennifer Post author

      No, I don’t think she knows and if she did, she would quit. You’re a very smart young lady and I’m glad you came into the realization that this is a scheme. You would make a lot more money even working part time for Mc Donald’s than you would for Primerica. Yes, I’ve read about others whose upline are unsupportive. Kiara, thanks for sharing your experience and I wish you the best! 🙂

      Reply
  49. BREE

    MS JENNIFER IS NOT LYING PRIMERICA IS A SCAM AND I LITERALLY GOT FUCKED FOR A YEAR. I’VE ATTENDED THE MEETINGS, AND EVERYTHING SHE STATED IS TRUE. I ASKED THEM TO HOLD MY PAYMENTS AND THEY CONTINUED TO CHARGE ME. THIS WAS THE WORST DECISION I COULD HAVE MADE. THIS IS A PYRAMID SCHEME AND IF YOU DON’T LISTEN TO THE ADVICE GIVEN FROM THOSE WHO UNDERSTAND THIS BUSINESS AND HOW PEOPLE ARE GETTING RIPPED OFF.

    Reply
  50. BREE

    YOU WILL BE FUCKED OVER AS WELL. EXCUSE MY LACK OF PUNCTUATION I AM PISSED OFF

    Reply
  51. Ricky

    Jennifer and Eddie are so right. One of my old high school friends messaged me saying if I’m free tonight, can we hangout and that he needed need my help. I really liked the dude so I agreed. He picks me up and tells me he had started a new job and wants me to go to a presentation. Immediately in my head I thought he has two jobs now and seems fine… Why does he need my help? Does he need me to do something? But I soon shrugged it off and ruled the doubt just my anxiety.

    Anyway we get to this subpar tiny building in between a gym and dance studio and proceed to greet, noting that most people were poorly dressed (I was too though because I initially thought I was just hanging with an old bud) and seeing a table with cookies. I thought wow.. this is casual.

    The presentation started and explained how Primerica’s soul purpose was to help their insurance recipients afford cheaper insurance so they can live better lives and not be in poverty. Being the caring person I am, I immediately wanted to help completely disregarding the fact that the powerpoint looked like a middle school child made it. I was hooked, but as soon as the speaker said “and this is not a pyramid scheme”, I thought oh my god he fucked up this is a pyramid scheme, but again, I shrugged it off as my anxiety distorting my judgement. He then asked for $103 and 20 a month, but I was the only to decline. The speaker looked shocked and tried to convince me, but I left.

    Long story short, I got home and did some research only to find countless testimonies saying Primerica has ripped me off, lapsed my insurance illegally ect. I felt enraged my friend would use me as a quick rep. I’m telling you that nervous voice of anxiety and paranoia can sometimes be a great introspective tool helping you see things/people for what they truly are.

    Reply
    1. Jennifer Post author

      Ricky, thanks for sharing your experience with Primerica. It sounds like you’re a really great guy and I’m glad they weren’t able to take a cent out of you. The fact that the speaker mentioned that it’s not a pyramid scheme should of raised red flags for all the others as well. Primerica isn’t really in the business of helping people when their services can be found cheaper elsewhere and they make a huge income out of their reps with the enrollment and application fees. I’m wishing you much success in your future endeavors.

      Reply
  52. Juan

    Jennifer, sorry for people calling you stupid. I appreciate the research here. The post was thorough and echoed many of the concerns I continue to hear from MMCs, like Amway and Vector.

    Although technically legal, these companies misrepresent information and coat their presentations with words like ” job opportunity”, ” bro I wouldn’t be telling you if I didnt know how smart you are.”

    Is it deceitful? Sure.hey have to continue the operation in order for their own commissions to flow in. Keeping the cycle going so to speak.

    Thanks again for the article. It helped me make an intelligent decision

    Reply
    1. Jennifer Post author

      You’re welcome Juan. Your comment will also help people realize what Primerica really is, thank you. I wish you much success. 🙂

      Reply
  53. K. Moult

    Lies. We don’t hide what we do, ask a question and it shall be answered. Not all branches are the same, some recruiters might not be as useful as you would like them to be but I know my team is always willing to help one another, we even hold our own separate meeting twice a month on bettering ourselves. Idk about paying $200. You have to pay $99 for your IBA and $25 a month for the website which provides you with the tools you need to conduct business that would cost way more if you were to buy them yourselves. I understand people might have had a bad experience working with Primerica but that’s because you didn’t put yourself out their. You shouldn’t listen what others have said because everyone has a different experience. Join for yourself

    Reply

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