• Report: #178729

Complaint Review: Primerica

  • Submitted: Wed, March 01, 2006
  • Updated: Thu, March 02, 2006

  • Reported By:Manassas Virginia
455 Springpark Place, Suite 150 Herndon, Virginia U.S.A.

Primerica Financial Services Dishonest Hiring Practices Ripoff Herndon Virginia
*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: What happens to an unlicensed agent's commission at Primerica

*Consumer Comment: another response from Primerica

*UPDATE EX-employee responds: How to Be Successful at Primerica for new agents (or how to keep from losing your commission)

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I was called one day by a Primerica representative, Ray Kahn (like con, which describes the whole organization), who said that he had heard that I was interested in a job with Citigroup and he told me all the great opportunities I could have by working there. Anyway, I didn't know who had told him I was interested because I certainly never expressed any interest in the company. I thought maybe he got my name and number from the school I attend, George Mason University (which is absolutely false because GMU said they are not affiliated with them at all). So, he asked me to come in for an interview and I said that I had a great job (which I do) working for the government. He said that it would be within my major and a better opportunity for me to come and work with them. So, I said ok, I'll check it out.

I came in for the interview and when he was done telling me all these great things about the company, I said I would have to think about it but that I would fill out the application anyway. Little did I know that there was a fee of $199 that went along with the application. That's when he brought in his Regional Vice President, Brett Matthews who was the most arrogant, narcissistic person I have ever met. He came in and told me all the opportunities I would have. Which sounded good, but then I heard about the fee, and me being a student I am not made of money, so I said again that I would have to think about it. Mr. Matthews proceeded to tell me that if I didn't give them the money and application today during the interview that it would show that I am not a motivated person or a decision maker and that they wouldn't want to work with me. The whole time he was in there, he was putting me down saying that I was obviously not Primerica material because I couldn't give my money away in a split second. Once he realized I was not easily convinced, he stormed out of the room, slamming the door behind him with obvious resentment. What kind of company does that and who wants to work for someone obviously doesn't have the right positive attitude for a working environment?? I have a great job working for a lawyer with obvious growth opportunities, WHY WOULD I CHOOSE TO WORK FOR A COMPANY THAT HAS TO CON PEOPLE INTO WORKING FOR THEM?? Yes, the opportunities may sound fantastic at the time, but there is motive behind every word they feed you.

Manassas, Virginia

This report was posted on Ripoff Report on 03/01/2006 10:44 AM and is a permanent record located here: http://www.ripoffreport.com/r/Primerica/Herndon-Virginia-20170/Primerica-Financial-Services-Dishonest-Hiring-Practices-Ripoff-Herndon-VirginiaUPDATE-Pr-178729. 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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Updates & Rebuttals

#1 UPDATE EX-employee responds

What happens to an unlicensed agent's commission at Primerica

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

Have you ever wondered who gets to divvy up YOUR commissions when you're not licensed?

At Primerica's metamorphosis website, it has this to say:

"One reason PFS charges more than direct sellers is to support its multilevel structure. Up to six levels of agents may be paid on a single sale by a PFS representative."

Can you imagine? When you're not licensed, YOUR commissions get devoured by your upline (and fat cats too). To stop this you must get licensed before going on appointments to your warm market, your friends and relatives. You must not divulge on the application who your references are. And you must safeguard your referrals making sure your "trainer" doesn't have access to them.

You are entitled to YOUR commissions, YOUR money, to make all the money you can. Your trainer will do everything he or she can to push you into making appointments with your warm market to get at YOUR money. See how he responds when you tell him you want to hold off until you get licensed.

On this website shillers try to dissuade me from posting as they know the fat cats will lose money because you got a license so that YOU can make money from your warm market, the money YOU are entitled to because it's YOUR warm market.

Do the right thing for yourself and get licensed,
then go on appointments.
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#2 Consumer Comment

another response from Primerica

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

Here is another response from Primerica in Dallas, TX

I want to wish you best of luck in finding what you're looking for. Unfortunately you must of misread my last email or I wasn't clear, but anyways best of luck. If you'd ever
like to sit down then I'd be glad to meet you, or if you can get your hands on the July 05' issue of "SUCCESS" from home magazine you can read what they had to say about our Company
and how we serve people. Plan on spending some time because they did an entire issue showcasing our company, clients and reps. Another resource is the the best selling book, The ABC's of Making Money. On page 200 you'll find the authors evaluation of our company and the statement that Primerica is the only business, out of thousands, they evaluated that meets all 15 of their criteria for a great business.

Take care,
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#3 UPDATE EX-employee responds

How to Be Successful at Primerica for new agents (or how to keep from losing your commission)

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

Have you ever wondered why they have you put down the names of six people you know well on the application at Primerica instead of the usual three? If you guessed it's for marketing purposes, pat yourself on the back.

Your "trainer" doesn't want you to be licensed when you call on your friends and relatives. That's because he can grab your commission for himself. Can you imagine, you're sitting on a nest egg and you'd be giving away YOUR commission because you didn't get licensed since you need a license so you can get paid YOUR commission.

So the first logical step is to protect your warm market (your friends and relatives) by leaving the application blank where it asks you for the names.

This way you can get the credit for the sales (when you're licensed of course) instead of the so-called trainer grabbing YOUR commission under the guise of training which is nothing but selling to grab what's rightfully your money.

The same goes for referrals as well which rightfully belong to you. Just get licensed first
and get your best shot at commission - make sure that no "trainer" gets one penny of what's rightfully yours, YOUR commission.

PS This secret information is so valuable that shills such as Ron from Bonita try to discourage me from helping you out. Please pay him no mind as he doesn't have your best interest at heart.
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