Can't wait to get the bashing on this post.  BUt for some reason I feel like I have to prove something to this forum.  Weird.
From... http://www.ripoffreport.com

EVEN THIS EDITOR HAS MADE COMMENTS IN THE PAST THAT HE REGRETS
About 3 to 5 years ago when I saw a number of Reports coming in, I took the negative statements at face value - - an assumption that was dead wrong, and one I regret as I now realize about how this company really is. NO, Primerica never threatened to sue. NO, Primerica did not ask me to post this. As a matter of fact, I, ED Magedson Founder of Rip-off Report, insisted that I address the uninformed comments I made in the past. The company has more than 100,000 agents around the world they are bound to get complaints, some of which will be inaccurate. No one, including me, is perfect. We will all make mistakes and we can never ever satisfy everyone. I have been very impressed with the Primerica people I have met and after the research I have now done Rip-off Report gives Primerica a very positive rating.


My random notes I took at the Midwest convention being held this weekend. Night 1.
I took these notes quick and on my blackberry...so they may not make sense to you. Some of them from the debt specialist George J. Boelcke, F.C.I. http://www.amazon.com/Money-Tools-Borrow-Smarter-Quicker/dp/0973666803
____________________________________________________________
It took mcdonalds 14 years to get to 10% market share, and another 14 years to go from 10% to 90%. It's called the S-curve.

Our company has taken 30 years to get to 1.5%.

The personal savings rate is at a 74 year low.

Globalization- The future of outsourcing... is causing articles such as
The great american ripoff, 30 and broke-college grads are becoming the highest debters.

Monster.com is forcasting the hottest sector to be in is the financial services.

ripoff.com founder takes back his comments about us. Searched the truth and found it.

A bank that pays .075 % on a 100k 10yr CD makes $900,000, but the holder of the CD only makes 7500.

The average reading level adults read is 8th grade when it comes to finance... but the credit card company writes their "terms and conditions" in the 15th grade reading level, and the part about the interest in the 27th grade level. Who in the hell reads at that level????

The average college kid stays with his first credit card for 15 years.

Don't you work for them or something?  Are you a paid advertiser or something?  I've seen you pushing this in other threads.

Just excited to be learning everything I could ask for and hanging around sucessful people who are taking the time to help me grow my thinking.  Not sure about you but I am excited about the wall of wealth.  ALot of money to be made helping move money.

No im not advertising.

Quoted: Just excited to be learning everything I could ask for and hanging around sucessful people who are taking the time to help me grow my thinking.  Not sure about you but I am excited about the wall of wealth.  ALot of money to be made helping move money. No im not advertising.

I still can't believe Priamerica is own by CITI (NYSE: C) .....

Years ago when I was in college - I fell into the whole Primerica gimmick while trying to make extra money for school. Primerica is a rip-off scam. They market investments which they want you to personally invest in. Then, your sponsor takes you around town to sell investment products to all of your friends and relatives. Not to mention all the self-improvement and management courses they want you to take before you sell their product. I figure had I done everything the way the agent wanted me to do it - I would have been out of around $4500 before I was even qualified to sell their product.

Needless to say, I raised the BS flag and was lucky enough to get out after attending only one seminar. Primerica is the exact same thing as Amway, only they use a more indirect approach to con people out of money. The 10,000 job listings on Monster.com for Regional Managers making 100k a year should tell you something...

Quoted: Just excited to be learning everything I could ask for and hanging around sucessful people who are taking the time to help me grow my thinking.  Not sure about you but I am excited about the wall of wealth.  ALot of money to be made helping move money. No im not advertising.

Hmm, sounds like you're quoting out of a salesman's pitch book.  "Grow my thinking", "Wall of wealth" .  Have you been listening to seminar tapes on a loop?  Do you hope to "Execute against the business model" until you're "Diamond Direct"?

Semper Fi

Primerica...the Amway of the Financial World.  

Sorry you guys had a bad experience.  $4500 before you make a dime???    It's a good thing you didn't get started, you'd be one of the 80 percenters who don't make it and give up early.  So we are trying to "sell" investment products like Richie Freeman's Aggressive Growth fund?  Is that a bad thing?  Named one of the top fund managers of all time.  Primerica markets most of the fund companies you most likely own.

"Not to mention all the self-improvement and management courses they want you to take before you sell their product."

Oh no, they tried to help "you" or "Self" improve in areas such as sales, finances, and getting out of your dead-beat 8-5 job thinking.  

Quoted: Years ago when I was in college - I fell into the whole Primerica gimmick while trying to make extra money for school. Primerica is a rip-off scam. They market investments which they want you to personally invest in. Then, your sponsor takes you around town to sell investment products to all of your friends and relatives. Not to mention all the self-improvement and management courses they want you to take before you sell their product. I figure had I done everything the way the agent wanted me to do it - I would have been out of around $4500 before I was even qualified to sell their product. Needless to say, I raised the BS flag and was lucky enough to get out after attending only one seminar. Primerica is the exact same thing as Amway, only they use a more indirect approach to con people out of money. The 10,000 job listings on Monster.com for Regional Managers making 100k a year should tell you something...

Just a recycling of that A.L. Williams b.s. scam.  Do you really want a plumber giving you financial advice?  What do you think the average education is of a Primerica dolt?

Give Jim Zumbo a call.  Rumor has it he is looking for a new and exciting career.

The average Primerica recruiting meeting is a mix of Amway Hype and an Alanon meeting.   I wish you the best of luck bro, but you would be best off getting your licenses and going to work for a reputable firm like NY Life, Met or another company with a solid track record of something other than fraud lawsuits.

ETA:

It took mcdonalds 14 years to get to 10% market share, and another 14 years to go from 10% to 90%. It's called the S-curve.

Our company has taken 30 years to get to 1.5%.

The personal savings rate is at a 74 year low.

Globalization- The future of outsourcing... is causing articles such as
The great american ripoff, 30 and broke-college grads are becoming the highest debters.

Monster.com is forcasting the hottest sector to be in is the financial services.

ripoff.com founder takes back his comments about us. Searched the truth and found it.

A bank that pays .075 % on a 100k 10yr CD makes $900,000, but the holder of the CD only makes 7500.

The average reading level adults read is 8th grade when it comes to finance... but the credit card company writes their "terms and conditions" in the 15th grade reading level, and the part about the interest in the 27th grade level. Who in the hell reads at that level????

The average college kid stays with his first credit card for 15 years.



The above highlighted in red is the same stuff spouted off at every Amway, Mon Avie, XYZ MLM meeting around the world.  Why?  Because they know most people are broke and dreams of wealth motivate people.  They bring up facts and stats that touch people where they live...they strive to make a connection.  Once that has been accomplished, they strut out multi-millionaires who got rich with "Primerica."  He or she drones on about how they were average joe's like you and now they lie around in their mansions, getting out of the pool long enough to go to the mailbox to get another check!  The checks keep on coming.  

The truth is, most of those people were already rich.  They were brought into the deal long before it became public.  They have ownership stakes in the company.  They also get paid big $$ to come and speak at these events.  Additionally, they get a % of the door take and the book/cd sales.  

Less then one tenth of one percent of people who join MLM's after the first month of its inception make any decent money.  The rest make enough to recover their entry fee....most don't even do that.  

Keep drinking the Kool-aid.  What they don't tell you is how much they make off of you while you are struggling to make a paycheck.  Life insurance is a tough business.  Most people get into it and sell policies to their family and friends.  Start of very good.  Then comes the hard work.  Cold calling, appointment generating and meeting people in their homes night after night only to have them ignore your calls for months at a time.  Primerica counts on this.  

They count on most people selling to family and friends, then quitting when the hard times start.  Most people with Primerica NEVER get a solid book of business that they can live off of.  Even those that do NEVER OWN THEIR BUSINESS.  It will forever belong to Primerica Financial Services.  PFS gets the inflated premiums, the renewals and when you quit, they keep all the commissions.  Not very ethical, but hey, it is America and as a famous American on so eloquently stated, "there is a sucker born every minute."

Seriously, take it from someone who has been in the Insurance and Financial Planning a LONG LONG time.  You sound like you have a lot of drive and ambition.  You can do MUCH better than Primerica.  

NY LIFE?  The same NY life that sold my parents 3 cash value policies?  At least it wasn't 5 policies like the knights of columbus.  Gee I wonder how much they would have invested if a Primerica rep got ahold of them 20 years ago and told them to buy term and invest the difference.  Instead of throwing $4000 a year into trash value w/ a nice 3% rate of return.

Quoted: NY LIFE?  The same NY life that sold my parents 3 cash value policies?  At least it wasn't 5 policies like the knights of columbus.  Gee I wonder how much they would have invested if a Primerica rep got ahold of them 20 years ago and told them to buy term and invest the difference.  Instead of throwing $4000 a year into trash value w/ a nice 3% rate of return.

That was a very common thing in the 80's and early 90's.  Many companies advised that.  The early 80's as about buying term and investing the difference.  

Before you go ranting and raving about the wonders of your company as compared to others, you might want to know a little about history.  You are trying to sell ice to people who lived through the last ice age.  Primerica is a MLM.  Most everyone here has had experience with them, most bad.

Your problem is that you are too eager.  You are blaming NY LIFE and other companies for something that a improperly or unethical AGENT sold your parent.  Last time I checked, NY LIFE, PRIMERICA, MET or any other company didn't sell anything.  Agents did.

Your right, it was the agent who tried to sell them more of the product.  The traditional life insurance industry went from over 2000 companies in the 70-80's to just under 70 today.  Not saying it was because of Primerica, but im sure they had something to do w/ it.  Beat PRU.  

With over 100 reps im sure there are some bad ones out there as well... sorry there have been people turned off.  I for one will make sure I don't try to screw somebody over or try to force them to buy any of the products we market.

Our main Variable Annunities are through metlife btw.  Im not trying to start a flaming war on VA's also.  Im about to do this forum and myself a favor and leave it. :)  Save us all time.

Have a good weekend all