- Report: #1018767
Report - Rebuttal - Arbitrate
Complaint Review: Combined Insurance Co.
Combined Insurance Co.Internet United States of America
Combined Insurance Co. Kimberly Pigeon Fraud, Pyramid Scheme , Internet
*UPDATE Employee: Combined Insurance
*UPDATE EX-employee responds: Another Chanter Exposed!!!!!!!!!!!!
*Author of original report: A Few Thoughts
*UPDATE Employee: Pyramids are illegal
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When i showed up she was on the phone. She instructed me to follow her to the cafeteria area for the interview. Combined Insurance didn't even have an office! She also asked for my resume because she "didn't have it". This is sooo not legit. She barely even looked at my resume. She might as well have just crumpled it up and threw it away. Why? Because its a pyramid scheme type deal, she wants as many employees as possible to make more money. She doesn't care about you or your experience or what you have to offer the company! She said she worked out of her car and that you go door to door and randomly go up to businesses to sell them insurance. It sounded very much like a pyramid scheme. She showed me a slideshow about the company. It's been around since 1922 and i've never heard of it? She said that they had an A RATED COMPANY ACCORDING TO THE (BBB). An A rating is not very good-just to let you know-but she tried to sell it off as a good thing.
According to the slideshow, the company has a gross income of $78 billion and has about $19 billion in assets on hand. This means that their company is OVER-LEVERAGED AT ABOUT 4 TO 1. Which means for every dollar they have, they are investing or something with 4 dollars and don't have enough money to cover their losses if something like the stock market crash happens again. She said you are required to sign up 5 people per week based on supposedly good leads while going business to business or door to door. Apparently for 5 application/ week for a whole year you make $40,000, for 7 you get $60,000, and for 9 apps you get $100,000. She said that she was a TERRITORY MANAGER and makes a commission off of the members/employees who work under her.
In the end, she got uncomfortable about my questions. She said that in order to get a license I have to pay $300's out of my own pocket. Sure, sure, she says the company subsidizes about $50.00's of that but i don't believe her. Plus, the company has $78 billion and can't pay for their own employees to get training and a license? Apparently when you start you get a stipend for the first 26 weeks-but she refused to tell me how much the stipend actually is. No-everything is shady and I would have to show up for some kind of "job shadow day" in order to get information related to salary details. I think she was just trying to boost her numbers and manipulate me into going on the shadow day. She was very nervous about me because i actually looked like a professional. I said no to her and even then she was trying to desperately get me to work for them. She said something like "what's your ideal job?" to try to find something to work with. Then, when she couldn't get me she gave me her card and recommended that I send any of my interested friends to work for her. Red Flag! She will take ANYBODY- its a pyramid scheme for her to get more $ and do less work!
All I gotta say is that you should read the other reports. They are most likely accurate. Don't get sucked into working for this pyramid scheme and don't believe their shady promises. Chances are if they are desperately trying to sell you the job and aren't asking about you and your experience for the job-they are probably a shady company. Here's what i've learned over the years. They might be a shady company if:
-They mysteriously call you out of the blue about a job
-They try to brainwash you about the company and don't care about your experience
-They conceal information about salary, etc. in order to blackmail you into a job shadow day
-They take advantage of the most vulnerable ppl who need a job
This report was posted on Ripoff Report on 02/22/2013 03:21 PM and is a permanent record located here: http://www.ripoffreport.com/r/Combined-Insurance-Co/internet/Combined-Insurance-Co-Kimberly-Pigeon-Fraud-Pyramid-Scheme-Internet-1018767. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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