- Report: #199096
Report - Rebuttal - Arbitrate
Complaint Review: Primerica Financial Services
Primerica Financial Services3120 Breckinridge Blvd Duluth, Georgia U.S.A.
Primerica Financial Services Puzzling Paradox Duluth Georgia
*UPDATE: Primerica offers a good business opportunity & stands behind its products & services- - Company Executives have told Rip-Off Report that Primerica pledges to resolve complaints & address any inquires from the past, present & in the future.
*UPDATE EX-employee responds: Rebutting Crimerican Jim (Oxnard)
*Consumer Comment: Jim, cut the B.S.
*Consumer Comment: Misinformation as usual
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This is not speculation. I know because I was a representative with the company when the previous CEO Joe Plumeri was there and everyone in Primerica knew that Mr. Plumeri was serious about compliance and would terminate the business agreements of anyone caught violating the rules regardless of the production or earnings of top producers.
The mere fact that there are so many complaints on this site is a serious indication of compliance problems. Primerica does have a compliance department, but the people that work there are Primerica employees and do whatever to protect the best interests of "Primerica." Meaning that there only function is to cover-up wrong doing and control the representatives (thereby controlling the outcomes of a bad situation).
What Primerica does for the consumer is "noble" in cause. I still believe in the FNA concepts that they share because, if applied they work. Most of the people who join Primerica are good people who really want to help others. However, there are some bad people who think they are above the rules and have given the company a bad reputation.
Primerica reps only use (for-profit) magazine sources for their references and do not do their own extensive homework on their own company because they are so busy trying to win incentive trips and make money for awards and recognition. Plus the RVPS, SVPS, NSDS, SNSDS (OSJs) who are earning six and seven figure incomes are not going to upset the applecart by correcting unscrupulous reps or corrupt senior executives at their corporate office because that would jeopardize their "bread and butter."
If you have experienced any unethical conduct or deceptive recruitng practices by a Primerica representative, you CAN do something about it:
(1) File by phone an anonymous complaint 24 hours a day, seven days a week with: Citigroup Ethics Office
You may also fax your complaint to (212) 793-1347 or you may send it by mail to P.O. Box 729 New York, NY 10013
(2) Register with the National Do Not Call Registry toll-free at (888) 382-1222 or online at donotcall.gov
If you want to stop the deceptive recruitment calls or make sure Primerica complies with rules and regulations, please remember to do both #1 and #2. Best of Luck!
This report was posted on Ripoff Report on 07/01/2006 02:00 PM and is a permanent record located here: http://www.ripoffreport.com/r/Primerica-Financial-Services/Duluth-Georgia-30099/Primerica-Financial-Services-Puzzling-Paradox-Duluth-GeorgiaUPDATE-Primerica-offers-a-go-199096. 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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