Anyone ever hear/work for Primerica?

[Hannahsmom]

Hey All,

I am turning to the DIS Family for some advice. My husband was approached by a colleague at work about a "business opportunity". Being the nice guy he is he listened. The "opportunity" was to become an Rep for a company called Primerica. They are a subsidiary of Citicorp. A Rep. does a financial needs analysis, and directs clients to avenues to get out of debt and plan for their future. So far so good, but the odd thing is my husband in an Engineer and has a degree in Engineering. He has absolutely no background in Finance. This was the first red flag for me. The colleague suggested that our families meet for dinner. Fine. During dinner he explained how he "gets it". How he is tired of working hard and making money to line the pockets of those hardly working (CEO's). He felt good helping others get out of debt (using himself as an example, nice house and car and no debt), and plan for their retirement. My husband was still mildly interested, so he planned to attend a Saturday meeting to learn more. At this meeting the Reps. started pushing the true intention of this company. Recuit, Recruit, Recruit. Sure you can make this much money selling, but if you recruit "X" amount of people you will make more money. When my husband came home with this information, my intuition was telling me to run the other way. But he has gone back for more meetings and even paid them $200 for a state licensing class. I have tried to talk to him about how this is nothing more that a pyramid scheme, but he just regurgitates the crap they told him. Does anyone out there have any experience with this company? I could use some hard facts.

 

[connorsmom911]

Just do a search on the internet and read...MLM in the worst way, and lawsuits to boot. I almost got sucked into this a few years back being disillusioned with my current job, but thankfully came to my senses. The "meetings" have a very "cult-like" feel to them. Just watch the harassment and angry calls/e-mails you'll get if he does come to his senses and tries to get out. They wouldn't leave me alone for a month and some of the things they said in messages left on my voicemail were very cruel. Just pay no attention and get out now before he starts talking about quitting his day job and doing Primerica full-time!!!

 

[CheapMom]

Your intuition sounds like it is right on the mark- Run Away!

 

[afoxbiz]

My friend worked for them for 1 year. They are a legit company, but you are required to build you r own business from the ground up. It's a high-pressure sales job (like American Express Financial services) and they WILL fire you if you do not make the cut so they can give your leads to someone else to work.

Many people thrive in these types of situations, and you can certainly make good $$, it just depends on what you want I guess.

Good luck!

 

[thelionqueen]

My brother and SIL both got sucked into Primerica for a very short time. During this time they went out of state to a "seminar" and got even more sucked in.

I did not do any business with them, nor did anyone else. They lost interest and decided to "bow out". They got more harrassment from the members than they ever have in their entire life!

In fact, my brother filed a restraining order against 3 people in his "group" and a police report.

RUN, don't walk away from this SCAM!!!

 

[mjh8955]

Legitimate company but after you do your homework you will understand why it's not a good idea. We were approached by a relative about it (same relative who tried to get us into Amway a few years earlier).

 

[Mellie2162]

Just do a search on the internet and read...MLM in the worst way, and lawsuits to boot. I almost got sucked into this a few years back being disillusioned with my current job, but thankfully came to my senses. The "meetings" have a very "cult-like" feel to them. Just watch the harassment and angry calls/e-mails you'll get if he does come to his senses and tries to get out. They wouldn't leave me alone for a month and some of the things they said in messages left on my voicemail were very cruel. Just pay no attention and get out now before he starts talking about quitting his day job and doing Primerica full-time!!!

We got invited to a meeting by a friend about "budgeting and debt relief"...we brought along another couple..let me tell you when that meeting was over we boogied out of there so fast we were like a blur. It was exactly like a cult and they were very high pressured...the friend who invited us decided to bow out herself and boy were they not very nice to her.

 

[JoiseyMom]

Every single time my husband or I would refresh our resumes on Monster, they would call. It didn't matter that we were computer people. They are relentless. No matter how many times my DH told them to stop calling they didn't. They give Citicorp a really really bad name.

 

[Kellydelly]

We bought our life insurance through Primerica and aftewards they would call all the time offering a business opportunity to my husband, like they were a headhunting company. My husband is an engineer too, and makes good money being one so I could never figure out why they kept calling our house! I finally told them to bug off and quit calling him.

 

[vanyel]

My daughter met a recruiter at a job fair 2 years ago. They still call and she lives 3000 miles away now. Even though my dh & I keep telling them she doesn't live here anymore, they persist.

Just venting.

 

[brandip22]

Terrible company! I started a networking group with a guy from there who joined as a Financial Advisor. At the time, I had never heard of Primerica, so I didn't know- I thought they were like Amex. As soon as we had a few members, he started pressuring them to join him. He was also always asking us to find recruits for him. When he did do insurance or a financial plan for someone, he always tried to get them to do Primerica as well. Since then I have asked around more and they have a terrible reputation. Very much a mob mentality.

 

[Hannahsmom]

Thanks for the info everyone. DH was supposed to take the all day insurance class today and tomorrow, but after we talked more about it this morning (and I was able to pull up a boatload of unsettling information through Google) he decided not to do it. Phewwwww! He did go to the meeting to tell his colleague in person, and he said they didn't pressure him and they even said they would refund his money, but we'll see about that one. Thankfully, he paid with a credit card.

I'm glad he finally came to his senses because after reading all the information out there about Primerica, I only shudder to think about what may have happened. The whole thing was just too creepy to me.

 

[thelionqueen]

Great news!! I'm so glad you're not involved with them. What a nightmare!

 

[DVC-Don]

I have a BiL who got sucked into this company a few months ago. He lost a bunch of money for "training" but, as soon as he ran out of leads for his handler, they dropped him. This same BiL has fallen big time in the past for Amway, Shackley & New Skin also. We don't answer his calls till he's done with what ever the lastest get rich idea has passed.

 

[urabgirl15]

no i have not

 

[Hannahsmom]

The more I hear about this company, the angrier I get. The funny thing about this is we are not the type of people to get suckered easily. I firmly believe if it sounds too good to be true........but we had never heard of this company. When we went out to dinner with the colleague he was very convincing. And he certainly made no mention of MLM. I guess I will chalk this up to a lesson learned.

The thing that really chaps my cheeks is that I feel this colleague of my husbands is playing on the fears of the people in his office (my husband works in the auto industry and times are tough here). This is certainly how he peaked my husbands interests. At least I doubt he will bother my husband much at work since I'm sure it would violate a conflict of interest policy. And he can call here all he wants, we don't answer the phone unless we check the caller-ID first. I

 

[Sleeping~Beauty]

Run away quickly. Don't look back.

Two different people I know were sucked in by this, and tried to get us to be part of it. We absolutely refused. They themselves are finally free of it.