• Report: #212501

Complaint Review: PRIMERICA

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  • Submitted: Sun, September 24, 2006
  • Updated: Sat, September 30, 2006

  • Reported By:Englewood Ohio
PRIMERICA
2049 Harshman Rd. Dayton, Ohio U.S.A.
  • Phone: 937-237-8881
  • Web:
  • Category: Employers

PRIMERICAPRIMERICA a Member Of Citigroup ripoff - you shouldn't have to pay to get a job! Dayton Ohio
*UPDATE: Primerica recognized by Rip-off Report a business opportunity well worth considering - it's not for everyone but many representatives make solid commission incomes. Primerica takes appropriate action against representatives conducting themselves improperly, pledges 100% commitment to customer service.

*UPDATE EX-employee responds: Rebutting shiller Marie (Soperton)

*UPDATE Employee: Some People would complain about Tasting Pies!

*UPDATE EX-employee responds: The Majority of the reports are correct

*UPDATE EX-employee responds: Rebutting Mike (Dayton), Michael (Calgary) and Regena (Duluth)

*UPDATE Employee: Primerica Home Office responds to V

*UPDATE Employee: Always ask more questions

*UPDATE Employee: How Mistaken You Are

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Thank you rip-off report! I fell for Primerica's scam to be a financial planner, but read other reports from you before they charged my credit card.

I knew it was too good to be true. They called me at work and said that they had been referred to me. I went for the interview (in a strip mall between a cigarette store and video store). They wanted me to come back for a second interview with the regional vice president - great i thought! Then I found out it was a group interview...wierd, I thought.

At the group interview - we had to clap for each presenter as they told us how Primerica is a member of CitiGroup - how their goal is to help the middle class "working poor" and how we could make tons of money. Of course all we had to do was pay $199 for our licensing fee to sell life insurance. (I know RED FLAG)

Several of the ideas presented made a lot of sense - they went over a lot of financial information that I already knew. I guess that's why I fell for it and signed a contract to be an independent contractor for them. At the end of the contract there is a spot to fill in your credit card info for the payment. I left that part blank and told the RVP that I should discuss it with my spouse before I paid - her response " they will be so glad that you did it!"

I know I should have turned and ran out the door then - with the contract - but I didn't. I really wanted a job that I could help others and I justified all the bull that was in the videos they had shown us.

Luckily, I signed on Friday, and by Sunday when I found the other Rip-off reports Primerica had not yet charged my credit card. I called and left them a voicemail to void the contract and not charge my credit card. I followed up with the credit card company and told them I had fallen prey to a scam and cancelled the credit card.

We'll see if they call me back. I am suppose to go for the start of training on Thursday...

Bottom lines
1. If it sounds too good to be true - most of the time it is.
2. you should never have to pay a company to start working for them (If you need a license - you would pay the board or governing body where you take the certification tests).
3. Check out the everyone before you give them any money or personal information.

V
Englewood, Ohio
U.S.A.

This report was posted on Ripoff Report on 09/24/2006 06:03 AM and is a permanent record located here: http://www.ripoffreport.com/r/PRIMERICA/Dayton-Ohio-45424/PRIMERICAPRIMERICA-a-Member-Of-Citigroup-ripoff-you-shouldnt-have-to-pay-to-get-a-job-212501. 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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REBUTTALS & REPLIES:
0Author 7Consumer 0Employee/Owner
Updates & Rebuttals

#1 UPDATE EX-employee responds

Rebutting shiller Marie (Soperton)

AUTHOR: Stuart - (U.S.A.)

"And anyone who doesn't want the opportunity to better themselves or become debt free and financially independent doesn't have to like or agree with what I say." There's no opportunity here Marie, you liar.

In regards to debt all you're doing with Crimerica is replacing one type of debt with an even more expensive type of debt when you're signing up with Crimerica. And you'll never become financially independent because Crimerica owns your clients and downline.

Since Marie is supposed to be an accountant (which I strongly doubt) she would already know that the odds towards getting a six-figure income is a thousand to one against.

Drill this into your brain Marie:

"Victim of a consumer Rip-off? Want justice? Rip-off Report? is a worldwide consumer reporting Website & Publication, by consumers, for consumers, to file & document complaints about companies or individuals who ripoff consumers."
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#2 UPDATE Employee

Some People would complain about Tasting Pies!

AUTHOR: Marie - (U.S.A.)

I, as a fairly new agent/representative for PFS, believe that some people would find something wrong with a j.o.b. tasting pies in a pie factory!. THEY are the ones looking for that "Pie in the Sky".

I was not promised this when I was recruited as a business partner in Primerica. I was promised that I would receive the training and knowledge I needed to conduct my business of going into my community to educate my friends, neighbors, and acquaintances about the TRUE RIP-OFF of the insurance industry today --Cash Value Insurance!
I WAS promised that if I work hard and sacrifice my time for a time that I would begin to see monetary rewards from my efforts. I was not given any specific time constraints or monetary amounts. I WAS told that this is a self-employment opportunity that I can build into a very lucrative business that I will eventually own. It can be sold or even left to my heirs if I make it to that level in the company.
I BELIEVE EVERYTHING I HAVE BEEN TOLD AND AM STILL BEING TOLD. I SEE NO REASON TO DOUBT. I am already a very successful business owner --accountant-- who was looking for ways to expand my services to my community. I already had my life license and did not enjoy selling insurance for previous companies because I always felt like I was asking the client to do something for me. Now I get to show my clients what I can do for them. And they LOVE it. I truly enjoy being a blessing to my clients through this wonderful company.

And anyone who doesn't want the opportunity to better themselves or become debt free and financially independent doesn't have to like or agree with what I say. That's the great thing about this US of A!!!!!
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#3 UPDATE EX-employee responds

The Majority of the reports are correct

AUTHOR: Anthony - (U.S.A.)

To Regina of Duluth (AKA the Home Office):

Do you care do itemize the misinformation in the majority of these reports, because I don't see it? And on the topic of misinformation, let's talk about the phony use of words like scholarships, and franchises? What Regina also fails to mention that in order for the new recruit to get their money they have to go on a number of visits (in the recruits warm market) with their upline, who more than likely will make a lot more than the $200.00 reimbursement off of the recruit's warm market. The new recruit provide people which the upline will cherry pick and would not have access to otherwise, so don't make it sound like PFS is doing the recruit some big favor by giving him/her $200.00 back.

Regards,
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#4 UPDATE EX-employee responds

Rebutting Mike (Dayton), Michael (Calgary) and Regena (Duluth)

AUTHOR: Stuart - (U.S.A.)

Mike:

"but I promise you its easier said than done. Ive been in the business a little over two years now and Someday hope to be making a six figure income but am not there yet." The odds are about 1,000 to 1 against making a "six figure income" at Crimerica which doesn't take into account business expense and chargebacks (I wonder how far Mike has made it).

"So then lets not go pay for college so we can get a good J-O-B. Is that not paying for work?" Funny thing here Mike, I attended CUNY (City University of New York) tuition free, I got a certificate in credit and financial management where my company paid for all my courses. Many people attend colleges on a grant. And many others attend college to simply learn more, but not to get a job
as a result.

"Should Citigroup and Primerica continually invest money into anyone that walks in the doors of an office?" Other companies do.

"My point is: Education cost money. Jobs dont cost money." But Crimerica doesn't have professional trainers.

"But people will always be unhappy, no matter what." Absolutely right, just check out the hundreds of threads with thousands of complaint
reports on Crimerica alone here at Ripoff Report.

Michael's turn:

"...it is clearly stated that there are two objectives. first is to have you work in the role of an independant finacial advisor, and then to become a Branch manager. I am motivated by the goal to earn my own branch...." How independent can you be when Crimerica owns your downline and clients (check your IBA contract)?

"Then if you finish the training visits with your trainer then the branch manager or your trainer in particular will reimburse you with $ 200 cash." My trainer said the $199 was non-refundable (check other Ripoff Reports).

"I really find it sad when people ignore such an opportunity." I really find it very sad that thousands of people keep getting duped by pyramid-schemed Crimerica.

Now for Regena:

"...Independent Business Application...." Crimerica owns your downline and clients so there is no independence.

"The $199 you were asked to pay in connection with your application was to cover the cost of your insurance pre-licensing education and training."
You forgot to mention that $40 of that goes for a background check which is reportedly non-refundable.

"...with more than 100,000 independent representatives." Again that word independent. Even though state law has made it possible to represent other companies, Crimerica frowns upon
that. And keep in mind what I just said about
clients and your downline above.
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#5 UPDATE Employee

Primerica Home Office responds to V

AUTHOR: Regena - (U.S.A.)

Response to V--

I am a home office employee of Primerica, and I am confirming that the RVP you met with received your voicemail message. Your Independent Business Application has been destroyed and your credit card will not be charged. According to our investigation, you were referred to a Primerica representative by another individual. To ensure that you will not be contacted by a Primerica representative in the future, as a courtesy, we have added your telephone numbers to our Do Not Call list.

Primerica representatives are independent contractor agents, not employees of Primerica or its parent company, Citigroup. The $199 you
were asked to pay in connection with your application was to cover the cost of your insurance pre-licensing education and training. Upon successfully passing your state's required insurance license exam, the cost of the exam would have been refunded to you. The $199 also provides the representative with a free Financial Needs Analysis, as well as limited, free subscriptions to other business services offered exclusively to Primerica representatives.

Primerica, headquartered in Duluth, GA, is the largest financial services marketing organization in North America, with more than 100,000 independent representatives. Primerica offers clients an expanded array of products and services, while still maintaining its focus on educating middle-income consumers about how to improve their financial futures. The company's mission is to help people become debt free and financially independent. We are sorry to hear that, based upon the misinformation contained in the majority of these reports, you have decided not to pursue a Primerica business opportunity.

Regena Wood
Home Office
Primerica Financial Services
Duluth, GA
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#6 UPDATE Employee

Always ask more questions

AUTHOR: Michael - (Canada)

I am a representative with Primerica and I am surprised as how people react to the recruiting.

When I was being recuited, I was given answers based on the questions that I asked. I was told that this was not a job, and we were not employees. But that this was an opportunity to develop a new skill, which after I earned my promotions then I could own a part of the busines.

In the actual presentation it is clearly stated that there are two objectives. first is to have you work in the role of an independant finacial advisor, and then to become a Branch manager. I am motivated by the goal to earn my own branch, and I enjoy the reward to serving people through what I do each day.

This is great opportunity for me. I know that If I tried to get hired by a regular bank institution that I would have a great chance of getting an entry level job but i would have an incredibly rare chance to ever own the branch. With Primerica I have the opportunity to develop and to earn promotions based on my own production and not on the politics of the company.

I am excited my future with Primerica, whereas I know that a future with any other company would be very limited. Since Primerica allows people to try the busines on a part time basis, it is an open opportunity for any one.

It is stated every week in my office that if a person pays the $199 license fee to the company, that this covers the application, 40 hour training course and license. Then if you finish the training visits with your trainer then the branch manager or your trainer in particular will reimburse you with $ 200 cash. So this is really a no risk test for yourself. With you getting the benefit of education and experience. you also get the benefit of an opportunity to earn your own money, based on your own efforts and on the restricitions of your employer.

I really find it sad when people ignore such an opportunity.

Michael
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#7 UPDATE Employee

How Mistaken You Are

AUTHOR: Mike - (U.S.A.)

Dearest V-

Allow me to begin by introducing myself. I am a Primerica Represenative, here in the dayton area. I am not yet an RVP but a Regional Leader.

You seem like a smart person. So you will understand where I am coming from when I rebut your arguments:

Your absolutley right if its too good to be true it probably is. Primerica may sound to good to be true but I promise you its easier said than done. Ive been in the business a little over two years now and Someday hope to be making a six figure income but am not there yet. BUt it is very do-able. Primerica is known for having the most six figure earners than any other company in north america. It sounds simple, but its not easy.

Second your right. You should never pay a company to work for them. So then lets not go pay for college so we can get a good J-O-B. Is that not paying for work? Also who is to pay for your Background Check, Your Mortgage License, and Your Insurance Classes? Should Citigroup and Primerica continually invest money into anyone that walks in the doors of an office? I suppose not. Not only that but Primerica offers a scholarship program for people who are sceptical like you.

Take your classes, pass your test, and finish your training (paid training I might add) and we will refund your $199. WOrse case senario you finish your training and absolutly hate Being a financial planner: Great! At least now you have a professional License through the state of Ohio a Limited Partnership with the State of OHio to market mortgages and You get your $199 back. Can it be any more simple. YOu could very easily take those licenses anywere else and they would hire you without question. My point is: Education cost money. Jobs dont cost money.

And finally check out everyone before you make a decision. I agree. But people will always be unhappy, no matter what. People will always complain. Thats life. And to base your success on what others think is obsured. Like I said V you seem well educated and Informed, but you dont have your mind wrapped around the concept of PFS. Its an opportunity not a Job. We really do help people not only with freeing up money and helping them with retirment but with Jobs.

All PFS reps start where you came from. You wouldnt of came in if you loved your J-O-B. WE all have the group interview we all pay the $199 We all had our doubts. But Primerica is a proven system under the Single most profitable company in the world.

Life doesnt get much better.

Have an amazing Day! And I hope training goes well on Thursday!
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