If someone asks you to do anything with Primerica, run, don't walk, away from them as fast as you can.
Here's my story: I met a very nice older gentlemen last week. During our first conversation he asked if I would like to learn about saving money and getting out of debt. I said sure. He explained a little about it and invited me to a financial seminar to educate me further.
I figured he was a nice guy and I certainly am no expert on money, so I show up to the meeting. This financial seminar proved to be nothing more than a cheap recruiting session in a slum of an office (with no handle on the bathroom door) with the most pathetic group of sleazy and uneducated men I've ever seen.
If I could use one term to describe these men it would be: used car salesmen. I spoke with some of them before the meeting started. They all told me how they had just been laid off or how their job at The Home Depot wasn't working out so well. They were poorly dressed and needing a shave and a shower. I almost expected to see their Will work for food sign. I felt so dirty I wanted to run home and take a hot shower.
I recently received my Master's degree and none of these men even finished their undergraduate education; some never went. I'm not saying education is everything, but I'm an intellectual and could sense that I was not in equal company. During the meeting when I learned that these men had no college degrees I was not surprised.
The man I met earlier starts the proceedings with what was clearly a corporate-made PowerPoint presentation. He talks about the state of America, its citizens and their finances. After he (attempts to) earn your trust he then grossly exaggerates information about how rich Primerica can make you while criticizing every other type of way you can make a living.
He makes weak comparisons how Primerica is the next McDonalds or Microsoft and how we have an opportunity to get in on the ground floor.
He also says how we can get rich quick working only part time for them.
Yep, this is just another get rich quick scheme.
Basically, Primerica works like this: Before you can make a dime you have to work through 50 hours of training and make a handful of presentations. You have to shadow a higher-up Primerica member to learn from them. During all of this time you make no money.
You still won't make any money until you harass some poor American into buying life insurance from you.
That's right, you're a non-paid insurance salesman!
As if being an insurance salesman wasn't the worst job in the world already (along with used car salesman), now you're an unpaid one.
Primerica really knows how to screw people.
Oh, and I forgot to mention to even begin the pleasure of training you have to pay a $199 application fee.
That's right, you have to pay THEM to work. They're supposed to pay YOU to work.
If this doesn't scream RIP OFF then I don't know what does.
(Maybe that's why Google's # 2 search result for Primerica is the Rip Off Report).
If that wasn't enough, you also have to recruit eight of your friends. EIGHT! Not only are they contempt enough bringing you in (dishonestly, I might add) but you'll also have to con eight of your friends to join this group of hell as well.
I wouldn't even invite my worst enemy to this horrendous gathering of creeps and crooks.
Primerica is a pyramid scheme, nothing more. In case you don't know much about pyramid schemes, they're ILLEGAL.
Let's see $199 (application fee) x 9 (you and your 8 friends) = $1,791. Now you can see why it's illegal.
Or you could classify Primerica as mutli-level marketing. Basically, agents in the company make money off of each new recruit that ponies up the $199 fee and becomes a member.
No wonder this guy was so nice to me. To him I was just another dollar sign waiting to be cashed in.
Primerica uses dishonest recruiting practices targeted at unemployed and uneducated people who have to pay to work and won't even see any money in return until after 40 hours with the company. Even then, they are still guaranteed no money until they con hard working Americans (with real jobs) into buying insurance from you.
I am amazed that the government has not destroyed Primerica and put those responsible in prison. This is the biggest group of crooks I've ever heard of.
Don't fall into the same trap I did.
Stay far away.
P.S. I'm positive that some sleaze ball near the top of Primerica's pyramid scheme will tell one of his unpaid henchman to post some spin to try and debunk my comments. Just like the creep who tried to recruit me, you shouldn't believe a word they say.
I Hate Primerica, Alabama
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