- Report: #216118
Report - Rebuttal - Arbitrate
Complaint Review: Primerica
Primerica3051 Progress Way, Suite 204 Kaukauna, Wisconsin U.S.A.
Primerica ripoff, Dangerous Territory to tread in, Beware Kaukauna Wisconsin
*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.
*Consumer Suggestion: Objective View
*Consumer Comment: Good Point-Suggestion
*Consumer Comment: You can make a lot of money with Primerica, but it takes a lot of work. That is the detriment of having each office independentally operated.
*Author of original report: Hey bill, why dont you do some research!!!
*Consumer Comment: Primerica not so bad
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I was called by Paul G, A regional vice president with primerica out of kaukauna, WI. He said that he had saw my resume on monster.com and was looking at hiring me as a manager. Being a manager for 6 years in retail, i already know the diffrence between salary, commission, and hourly. That was my next question. He procedded to tell me that it was a comissioned job. I informed him that i prefer to work at salaried jobs. He came back by saying, " well you know that they own you!!" I said,"well of course i know this, but that is why i do this, i love my job." Side note, my monster resume had not been updated for close to two years. suprised it was still on there!!! He proceeded to keep me on the phone for almost an hour and a 1/2 telling me of his life and asking me questions. I set up an interview. I went to his office which is an hour and a 1/2 drive for me. I went into the place. It was newly constructed, looked like an office building. When i arrived i had to fill out an application, which did not surprise me as all companies have standards and practices. He came out and met me. He was very nice and very formal. Keep in mind at this time i had no idea that it was for selling life insurance. We went to his office and as i was walking down the hall all i saw was mirror images of offices. All the same with people in them. Must be a big sprawling company to be recruiting so hard. I was wrong. He then told me what it was all about, and how i was promised to start a a "manager" and he kept wanting a referral list. I shyed away from this as i didnt want to give out my familys names & numbers till i checked into ti. The primerica rep actually gave me this site (ripoffreport.com) to look at. Strange, but true. I left with some paperwork and to give him a call when i could come up a second time. His main comment was," we are looking for the right people to do the job and make money and help people make money" Which is an admirable goal for anyone in life. But he also said,"Its too bad for the people that oppose us because they will just get left behind!!!" Being a young male with a new family, the interests were in me and i went back for a second interview. This is where I found out about the 199.00 for licensces. I couldnt believe it. Then i was shown the comission tree. Gratned you can work part time, but who wants term life insurance!!! Side note: Granted term life insurance is cheap, there is a reason why they go after the 20-40 age bracket. When you are young you are much less likely to die, ergo making the policy cheaper. 20-30 years down the road, the policy may double, even triple in premium. Universal & variable have set amounts that you put in over the course of your entire life. Period. Yes there are alot of clauses out there about differnt situations, but as soon as you pay the premium, you are set with whatever policy you took out. I bounced this off of my insurance agent and about 20 years back there was a primerica, at that time al williams office right in my town. The agent was ran out of town/arrested due to lying and cheating the local public. At this point i was starting to get leary about this. I then found out that i had to go in for surgery. The calls from this guy were relentless. I understand that he wants to recruit people, but i was not interesed anymore as i had to focus on myself. He kept calling. Finally, i packed up his stuff that he gave me and send a nice note along with it, nothing mean, and returned his stuff back to him. THis is a RIPOFF. Unless you want to end up alienating your family and not leaving anything for you kids, i would not recommend getting involved in this!!! You are better off getting a 401k and a mutual fund started and go from there. Their mortages are junk. Especially in WI with the WHEDA program, where firt time homebuyers get special help with getting their first home. Who would pass that up??? Primerica might be right for some people, but show me a sucess story of a client that has been with primerica for 20 years and has paid off their debt, carries the term life insurance, and has paid a mortgage!! Didnt see one on the primerica site, just alot about how you can make alot of money by selling primerica products and how you need a financial needs analysis, which always seems to include term insurance. Stay away from primerica. They are taking your money, and that is the last you will see of them!!! Brian ST. Point, Wisconsin
This report was posted on Ripoff Report on 10/16/2006 05:18 PM and is a permanent record located here: http://www.ripoffreport.com/r/Primerica/Kaukauna-Wisconsin-54130/Primerica-ripoff-Dangerous-Territory-to-tread-in-Beware-Kaukauna-WisconsinUPDATE-Prime-216118. 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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