Primerica

Reviews 9

MA

Martin Sandoval

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.

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Darian Armstrong

From my experience i feel like they stole money out my account. & when i called them to confirm what was going on No one answered. So i think i will go ti court against them.

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Sergio Albarran

They were able to answer my question the day of my interview. And feel very comfortable with the company.

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Rob Gur

Winners fight to win, loser quit on everything. Future 100,000 earner! baby!

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christina Vallejo

Employees are very funny out going. Hard workings. Willing help listen.

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Bradley Dahlquist

They are a scam they will take your money and run

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Ricardo Villasenor

Great people and awesome work environment!

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MA

Manuel Plascencia

Ehh just to be a vander? No thanks

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MA

Mahonry Martinez

The best

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