*UPDATE: Ripoff Report re-evaluated Primerica Financial Services and finds that the company continues to offer a business opportunity that is well worth considering. Thru our experience with Primerica, we continue to find that they maintain a high level of commitment to treating consumers fairly and in most cases they have gone way beyond the call of good customer service. Since Primerica became a member of the Corporate Advocacy Business Remediation & Customer Satisfaction Program almost 2 years ago, Rip-off Report has continued to monitor Primerica and work closely with home office executives to resolve consumer and agent inquiries and concerns. Ripoff Report is pleased to report that Primerica continues to show outstanding commitment and dedication to respond and resolve issues promptly, many times going over and above the expectations of consumers and this website. To our knowledge Primerica has responded to all legitimate inquiries we have forwarded to them, and to inquiries the company has received directly. We at Ripoff Report believe that Primerica is a solid, reliable company that stands behind their agents and its products. If you think that becoming a Primerica
representative or buying a Primerica product is right for you, we would urge you to give the company careful consideration.
Ripoff Report Verified .. part of Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program.A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business..
NOW TO THE ORIGINAL REPORT THAT WAS FILED
===================== *UPDATE Ripoff Report REVIEW:
EDitor's Comment: 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 company's representatives provide a snapshot of a family's financial picture and suggest a strategy for financial security via Primerica's products and services www.primericafinancialsolutions.com. Primerica's 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.
Read about Rip-off Report Corporate Advocacy Business Remediation & Customer Satisfaction Program,..A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. this program works.
THE ORIGINAL REPORT THAT WAS FILED IS BELOW
Primerica Financial Group MLM utopian pyramid that exists in legal loopholes. Ripoff Engelwood Cliffs New Jersey
I was at a college job fair, walking around looking who had what to offer, when a hand bearing a business card, reached out to me.. "Hi, what type of work are you looking for?" the pleasant-looking young man asked in a friendly and boisterous voice. I told him I was interested in the field of advertising, and he assured me that there was a possible position opening at Primerica Financial Services firm - one that would be closely tied into marketing. I handed the man my resume, and continued making my rounds.
About a week later, I received a call, and was scheduled to come in for an interview the following week. When the time came, I put on my suit and tie, and drove over the bridge to Jersey. Primerica's office was located in a very nice-looking glass building in the upscale neighborhood of Englewood Cliffs. Inside, I found the place to be bustling with energetic, young, and well-dressed company representatives. I was asked to sign in with my name and number, and provide the name of the person who had invited me to come. I was then directed into a room with about 15 or 20 other "recruits", and for the next hour and a half, was subjected to a ceremony of Primerica's reputable greatness, and the ease of making big bucks while running my own Regional Office and helping out poor old Middle-Americans...
The session consisted of four parts, each presented by a vibrant young company employee who commanded a hefty salary (and advertised it). All throughout, the proceedings were interspersed with sporadic, irrelevant, and nonsensical Q&A sessions, where a group of two or three "applicants" answered every question correctly. Basically, we were instructed to aspire towards Unearned Revenue, which is money that we make off of the people that we recruit and train to work under us. The best money, is the money that you don't have to work for. (The question/answer-hounds all halelluja'd.) At the end of the pep-talk, we were all asked to fill out a form with our information, three references, and two check boxes next to the phrases "I am interested in joining Primerica" and "I am interested in Primerica's services." I left both these blank, having smelled a rat a long time ago. At the same time, I noticed that the most active members of our group, these Q&A hounds, were walking around, constantly keeping their forms with both boxes checked in plane view of everybody else. (At this point I became suspicious that these people were plants, and their job was to get us to do as they did.) My recruiter looked over my second Form, and inquired as to why I hadn't checked either one of the boxes, to which I explained that I was not interested in selling, or buying financial services.
He then took me aside, and proceeded to explain, once again how the whole system works.. First you put down the $199.00, in which Primerica has no interest whatsoever... Those are only the licensing fees. Then you provide financial services to needy Middle-Americans. When asked to go into more detail as to the job description, my guy kept his answers vague, and off the point. Instead, he kept reminding me of all that "unearned income" that was just within my reach, as a direct result of going out, and recruiting other "financial advisors." At this point, he held up three fingers in the air, and explained that the only people that don't go along with this great opportunity are: 1- Those who are lazy, 2- Those who don't believe that this really works, and 3- Those who don't understand what is being offered to them on this silver platter. In other words, only the dumb losers don't see this as a great opportunity to jump on. To this, I replied "How about 4- I'm interested in pursuing other career fields?" He looked at me for a moment, buried his face in his hands, and stated the following: "I guess you and I are different people, then."
To be honest with you, I found the whole thing to be quite amusing, and signed up for a second meeting. There is no way in hell I am falling for any of their Bull Sh*t and joining their sleazy little wonder-cult of a financial goldmine. The truth is, I like a good theatre, and I want to see how far they will actually go to try and recruit somebody who expresses no interest whatsoever in joining their organization. Keep in mind, the best employee to have on board, is one who is motivated, and excited about what he does. Next time, I'll come armed with a series of finance-related questions, and position myself to be a thorn in their collective scummy derriere.
P.S. The recruiter informed about all of these trash-talking websites, and urged me not to believe a word. He said, and I quote, "There are 20,000 negative websites dealing with Primerica. Coca Cola has 80,000. Does that mean that the next time you reach for a can of coke, you'll suddenly reconsider?"
bronx, New York
U.S.A.Click here to read other Rip Off Reports on Primerica