EDitor's Comment: Rip-off Report Investigation: Primerica gets a POSITIVE RATING in customer support from Rip-off Report and is fulfilling its commitment to provide excellent customer service. Primerica pledges to resolve complaints and address representative issues. For a long time this EDitor had concerns about Primerica because of the number of Reports about them. For many months Rip-off Report was looking into the company, even before they contacted us to resolve any issues and mostly misunderstandings being posted by competitors. With over 100,000 representatives and 6 million clients, Primerica is bound to be the subject of a certain number of complaints about improper agent conduct, as well as product and administrative complaints.
Rip-Off's investigation found such complaints, but importantly also found that Primerica is committed to resolving such complaints quickly and doing everything possible to satisfy its clients. It also takes appropriate action against any of its representatives who are found to have conducted themselves improperly or unethically. We believe that the number of complaints against this company, whether through the Internet or other channels, is small when put into the context of its enormous size. Most big companies would never commit themselves like Primerica has. Read our investigative Report and Primerica's commitment to 100% consumer satisfaction. www.primerica.com provides products and services through independent representatives. Primerica www.primerica.com has more than 100,000 licensed representatives who serve more than 6 million clients in the U.S., Canada, Puerto Rico, Spain and the United Kingdom. Through a Financial Needs Analysis www.primericafna.com, the companys representatives provide a snapshot of a familys financial picture and suggest a strategy for financial security via Primericas products and services www.primericafinancialsolutions.com. Primericas business opportunity is attractive to people from many different backgrounds, including women www.womeninprimerica.com, African-Americans www.primericaaalc.com, Hispanics www.primericalatino.com and young adults www.generationprimerica.com.
Primerica Financial Services is set up to the average person to reach their financial goals. In theory it sounds good. The problem is, if their is an unscrupulous regional vice president, he or she can steal, lie, and cover up without the corporate headquarters doing anything about it because the corporation makes it's money from these people.
Their turnover rate is very high. Few people have the time, energy, or courage to report them to the proper authorities. At their "opportunity" meetings they tell you that when you recruit someone into the company, you will override (commissions) that person for life.
As it turns out your regional vice president can and will take that person from you at anytime. Once you are in you have a "fear of loss" of what you have obtained, but what you have obtained is not really yours. The operation is run like a cult. You pay to attend meetings, get hotel rooms, airline tickets, to be told that you will be trained. The training is only an indocunation to recruit more people for your upline to make more money.
If they can teach you how to steal they will work with you, if you are an honest person they will find a way of getting rid of you after they have gotten as many referrals from you as they can.
While I was there about ninty-eight percent of the people there ended up in the red each year, but they hang on hoping to make it rich some day like the schemers who lied to them.
Take my word for it, if anyone ever comes up to you and offers to show you an "opportunity" with Primerica Financial Services, Run, Run, Run!
Subj: Rebuttal to Report
Date: 7/19/00 2:19:52 PM US Mountain Standard Time
From: CRITTER@silverdollarcity.com (Chuck Ritter)
To: firstname.lastname@example.org ('email@example.com')
This accusation obviously comes from someone who doesn't have the work ethic, nor the intelligence to succeed as a successful business person. Primerica Financial Services (PFS) is the greatest company in the world, offering the greatest opportunity in the world.
The work you put in now at PFS pays you for the rest of your life because of the team (or down line as he/she calls it) you build in this business. When your team makes money, you make money. The person in this article would rather work hard this year to make his money, then work just as hard next year to make the same amount of money.
I would rather build a team of people to help me and make money forever. Besides, everyone I "hire" has the ability to go out and create their team, and a financially independent life for themselves, the American Dream.
One more thing, you don't pay a fee to be "hired", you pay a fee to cover your state licensing class, books and tests. I don't even need to respond to the ANMWAY comment, but I will anyway. PFS concentrates on helping middle-class family achieve their goals of getting out of debt and achieving financial independence.
People sit up at night worrying about their finances. How many times have you sat up at night worrying about soap or whatever else that company "sells"? We change lives one family at a time, by educating families about things that schools, banks
and insurance companies never took the time to explain.