Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #147643

Complaint Review: Primerica Financial - Citigroup - Portland Oregon

  • Submitted:
  • Updated:
  • Reported By: Portland Oregon
  • Author Confirmed What's this?
  • Why?
  • Primerica Financial - Citigroup Primerica.com Portland, Oregon U.S.A.

Primerica Financial - Citigroup Ripoff, Agents, It's not what it seems. Do the research yourselves!! Portland Oregon & Vancouver Washington


*UPDATE: Primerica offers a good business opportunity & stands behind its products & services- - Company Executives have told Rip-Off Report that Primerica pledges to resolve complaints & address any inquires from the past, present & in the future.

*Consumer Suggestion: Why in the world would primerica actually come here and compare their products to those from other companies?

*UPDATE Employee: So the deception continues.

*UPDATE EX-employee responds: This is how you're wrong Dave, The recognition factor is nothing more than a carrot that PFS dangles in front of its agents to keep them in business one more day and selling one more policy.

*UPDATE EX-employee responds: I believe I hit the mark!

*UPDATE Employee: Just a few words

*UPDATE EX-employee responds: A great Opportunity to Hurt People! Primerica and Citigroup are interested in making a buck, PERIOD.

*Consumer Suggestion: PFS does NOT help people get out of debt. Instead, they just change WHO they owe.

*UPDATE EX-employee responds: Primerica Challenge

*Consumer Comment: You don't have to be a former agent to see the flaws

*Consumer Comment: Derek.... what?????

*Consumer Suggestion: Wow no response from a PFS rep for 4 days now.

*UPDATE Employee: Paul, you just think everyone is out to screw you.

*Consumer Comment: PFS Wonderland....you got that right!!

*UPDATE EX-employee responds: Irrefutable evidence about Primerica (adding to Paul from Anaheim)

*Consumer Suggestion: Do your own research and don't take anyone's word as gospel

*Consumer Suggestion: Paul, here is another strategy that costs less than term only

*Consumer Suggestion: Keeping the numbers in your face

*Consumer Suggestion: Your wonderland is a nightmare for your clients

*UPDATE Employee: Wow

*Consumer Suggestion: Hi Paul, Let's dust off our calculators - an example of insuring a couple to age 80 and then you can give me the PFS version of your rates.

*UPDATE Employee: Primerica is what you make of it. It's your destiny, no one elses. Stop crying about your failures.

*UPDATE EX-employee responds: Skull Pilot-The numbers you were looking for!

*Consumer Comment: only 2% of the U.S. population makes over $100,000 a year, Is Michelle's Statistic Correct?

*Consumer Comment: Primerica is not a job, it's an opportunity

*Consumer Comment: Primerica is not a job, it's an opportunity

*Consumer Comment: Primerica is not a job, it's an opportunity

*Consumer Comment: Primerica is not a job, it's an opportunity

*Consumer Comment: Who isn't in the business of making money?

*Consumer Comment: Who isn't in the business of making money?

*Consumer Comment: Who isn't in the business of making money?

*Consumer Comment: Who isn't in the business of making money?

*Consumer Comment: Here's some help

*Consumer Comment: Here's some help

*Consumer Comment: Here's some help

*UPDATE EX-employee responds: Rebutting shiller Derek (Pembroke Pines)

*Consumer Comment: Once again... percentage of clients find flaws in our products from time to time

*Consumer Comment: Once again... percentage of clients find flaws in our products from time to time

*Consumer Comment: Once again... percentage of clients find flaws in our products from time to time

*Consumer Suggestion: Agreed, many companies are out to cheat the world. Most of them are listed right here.

*Consumer Suggestion: Why did it take you 3.5 years to figure out that you were wasting your time? You could've come here and known that in 35 minutes.

*Consumer Suggestion: Ask a PFS rep for a simple product comparison and what do you get?

*Consumer Comment: Skull Pilot

*Consumer Suggestion: So Much Negativity

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

I recently Left Primerica Financial Services and went to another company. After 3 1/2 years of believing all the crap they fed me, I did my own research and boy was I surprised at what I found.

I found out that all the things that Primerica and Citigroup had been FEEDING me for three and a half years were not true. All you PFS Reps (APFA's, PFA's, District, Division, Regional Leader's and RVP's) need to do your do diligence. Primerica Life is not the only life insurance company that has spouse riders. It is not the only insurance company that allows you to pay for just one child and have all of them covered. It is not the only insurance company that allows your TERM policy to AUTOMATICALLY renew to another term at guaranteed rates!!!!

It is however the only Insurance company that charges men and women the same rates, no matter what their age. EVERY other company that I found has men's rates and women's rates. Oh ya, the policies are 20% to 40% cheaper than Primerica's. Go check it out. (name deleted - see link below) is one of the ones I am referring to.

Now I will admit Primerica's policy is the only one that automatically converts a child rider at age 25 to five times the coverage. However, that person has to be single, living at home or at college. You have to convert it 30 days before or 30 days after the birthday.

When Primerica had an opportunity to convert it 60 days before my friend's birthday, they said no. Why is this important, because he was dying of cancer. If he would have lived 30 more days, the family could have had received a $50,000.00 death benefit instead of $10,000.00. I guess Primerica Does NOT always do what is best for families. And if you look at Estate Planning, Cash Value life insurance is better almost 100% of the time.

There are times for whole life, and there are times for term. Primerica's stand on term 100% of the time is WRONG. Most of the time term is right. The problem with Primerica is that not very many people at PFS actually invests the difference for their clients. I mean when the top RVP in the Portland, Oregon Area doesn't write securities himself, how can you expect very many of his people to do the same.

I guess when you recruit a bunch of people, sell them an unlikely dream and sell them insurance, that's how you make a bunch of money. What do I mean by unlikely; 108,000 plus licensed reps and only 1800 + plus people make over $100,000. Yes there are 52 millionaires, but what about the other 105,000 plus that don't make a lot of money. If you take the 3000 4000 that make over $50,000, and averaged the rest of the field force, I bet you have an average of less than $1000 a month.

If you look at the Oregon, Southwest Washington area, out of 20 to 25 RVP's/ SVP's, only five to seven make more than $50,000+ a year. That $50,000 is not net, it is gross. You still have office and other expenses too. Not much of a dream income!!!! Especially when you loose the respect of family and friends!!!!!!!!

The SMART loan is another HUGE RIP OFF!!! Primerica agents are told how bad Yield Spread Premium is; how bad other companies are ripping people off. How evil mortgage brokers are. The Problem is, because Citi Corp Trust Bank is a Federal Bank and not a Brokerage, they do not have to disclose how much yield spread premium they are adding on.

We were always told that because it is a simple/ pure interest-bearing loan that the rates were a little higher. No the rates are A LOT HIGHER!!! About 1% to 2% higher. Citi Corp Trust Bank has about the highest yield spread premium in the banking industry.

The problem is, they don't have to disclose it and you agents are not getting a huge share of the profits. 1.5% Origination fee plus 1% to 2% yield spread premium is a HUGE rip off. Do the math, I did. I have teamed up with a Mortgage Broker who can beat the SMART loan 100 % of the time. Oh, He also uses Yield Spread Premium and a 30 day PRECALCULATED COMPOUND interest loan and STILL BEATS IT!!!!!!

Yes, I have left Primerica and Citigroup. I have gone to a "NON-Captured" Co-op Brokerage, where I can shop around and find the best solution for my clients. I am making more money by truly helping people get out of debt and retire wealthy. Citigroup is interested in making a buck!

They are truly what I have come to despise; a nasty corporation. They do not put the client first from my experience and from what I have been able to see from my own research. All PFS Agents/ Rep's NEED to do their OWN research.

If you REALLY want to help your clients and your friends and family, (remember your top 25-50 list of people) you need to rethink the PFS/ Citigroup lies (guaranteed palm apps for all states by Convention - SMART Loans with 90 days no interest, no payments for all FICO scores oh ya, the great 35 YEAR term insurance[remember the 25 and 30 year only has 20 years guaranteed, I didn't stick around long enough to see if the 35 yr. one was the same]- talk about your Whole life policy.

The problem is PFS is not the ONLY 35 year term and as high as the rates are, you would be better off with a cash value policy. At least you would have some savings) What other lies/ mis-statements have you been told?

It's about time you all woke up and saw what was happening. If you are one of the few making lots of money at PFS, then look at the people you helped. Could they have been better off if they had someone else who was honest do the same thing you did for them, but with better products and solutions? I would guess, YES!!!!!!!!!!!!!!!!!!!!!

Do your own research and I will look for your proof that I am wrong on the web site. Remember, PROVE I am wrong. My guess is you won't be able to.

Drew
Portland, Oregon
U.S.A.

Click here to read other Rip Off Reports on Primerica

sorry, allowing you to give a competitors name would instigate others to just file against their competition, to only come back later to suggest their company your comments on this policy are welcome! CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

This report was posted on Ripoff Report on 06/27/2005 11:19 AM and is a permanent record located here: https://www.ripoffreport.com/reports/primerica-financial-citigroup/portland-oregon/primerica-financial-citigroup-ripoff-agents-its-not-what-it-seems-do-the-research-y-147643. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
43Consumer
0Employee/Owner

#43 UPDATE Employee

Wow

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

POSTED: Tuesday, November 21, 2006

So who is the right company to do business with and or work for. I am recruited with the company but who do you suggest I work for? I'm going to guess that everyone responding here is in the financial services business. My experience is they all say, we'er the best. We do the best job. We have better products.



We have better comp. We treat our people best. All have events in thier past that can be used to put them down. Every company has had client complaints and unsatisfied. Everyone can tear down the others products, agent and company. So what company is the right company? Or is it up to the individual and what products they think are best for the client. Then again we're back to the next guy can tear there plan apart and provide a "better" solution. All of use have veiws of what we think



is the best solution. Everyone has indiputable to

prove "our solution is right". So what is the

answer?



"Anything but Primerica?" All companies have bad people who do the wrong things. All people have products that are sold the way. Every company haspeople don't do what is in the clients best interest. We can all talk cheaper, better, rightor wrong. SO which company is the answer? Or which person is the answer.

Respond to this report!
What's this?

#42 Consumer Comment

Derek.... what?????

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

POSTED: Wednesday, September 06, 2006

You're trying to tie primerica into religion? Thats a no go.



Are we trying to stop whats "good for people". No, quite to the contrary I think we are attemting to prevent more people from getting hurt by primerica's lousy products.



The only way primerica can sell their junk is continually recruit new people in who all have warm markets. It gives them immediate entree to a number of people who will listen to them just because they are related or close friends.



The only way primerica can sell to these people is to couch their lousy products around an emotional sales pitch designed to take advantage of the fact everyone hates insurance companies (including me) and banks. Once they have that emotion whipped up enough then they present their products in the most deceitful way imaginable staying within legal boundaries. Of course they do an advantage in avoiding complaints. Its one thing for a ticked off customer to sue an agent who did him wrong when the agent is a stranger, but its quite another to sue the agent for an "illegal replacement of life insurance policy" when you both will be at the same grandomther's house for Thanksgiving.



Primerica term insurance is overpriced and couldn't compete on its own without the hook of a close friend or relative making the pitch and a deceitful comparison to other products.



The primerica not-so-SMART loan requires someone to go into a state of "suspended disbelief" to believe a primerica loan at 7.75% could possibly be better than a 6.00% loan from another lending source because;

1. interest rates don't matter

2. savings comes from a biweekly payment plan in conjunction with simple interest

That suspended state is helped along by the fact that its Cousin Larry spinning the tale.



When some half-trained primerica sales rep armed with no actual analytical tools but simply a canned sales pitch designed by an marketing department actually sells one of their loans the poor consumer will lose $87,000 on a $250,000 loan over 20 years. If the middle class is primerica's target market, as they claim, then these are the people least able to afford an $87,000 overcharge.



As for you statement if its so bad people will stop buying it I don't think an examination of the REAL WORLD will agree with you on that. My closest analogy is that carnivals are still using the same marketing tactics to get people to pay $40 for a $3 stuffed toy.



Yopu say that eventually primerica wil just lose steam if its bad. Maybe, maybe not. I just want to prevent as many people as I can from going through their human shredder and losing $87,000 in the process.

Respond to this report!
What's this?

#41 UPDATE EX-employee responds

Rebutting shiller Derek (Pembroke Pines)

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

POSTED: Wednesday, September 06, 2006

From Derek's lead paragraph:



"And when a company is trying to do the right thing that is when you are really going to have negative things said about it." Non sequitur shiller.



Your assertion assumes that Crimerica is trying to do the right thing while all the evidence is to the contrary here at Ripoff Report. Furthermore when a company does the right thing (which Crimerica doesn't), then you're going to hear positive things said.



Comparing Crimerica with Jesus Christ is like comparing the devil with God - they're not the same.



You seem to have lost your way, shiller, so to set you back on the right path, burn this into your brain and take this back to your fat cat pals:

Respond to this report!
What's this?

#40 Consumer Suggestion

So Much Negativity

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

POSTED: Tuesday, September 05, 2006

I have been reading this thread and I must say that anyone that goes and bashes another company like I am seeing here is unprofessional on both sides. I don't know of any company on the face of this planet that doesn't have someone with something bad to say about it. And when a company is trying to do the right thing that is when you are really going to have negative things said about it.



Jesus Christ was a very controveral character in his time but never sinned or wronged anyone. Why?? Because he was doing good for people?? No because this world is sinful by nature and there is no good in it except through Jesus Christ. So all of you that are spending time bashing this company or any company, why not try and make a difference by doing the right thing for people. If all that you say is true about this company then it will not succeed nor be successful. And if what you are doing is right then you will succeed and be successfull.



But if the only way you think you are going to gain that success is by bashing another company then what you have to offer has no real value. Because it is very hard, almost impossible to stop something that is good for people. So all the back and forth is not proving anything except the fact that you carry a lot of bitterness inside you. And that is no way to live. So if the products and services are so bad the company will eventually fail. And if what you are doing is bad it will fail too and there will be no need to try and prove anything by attacking someone else that has done nothing to you. Except "maybe" correct a wrong that has been done.



I wish all of you the best in what you are trying to accomplish but keep in mind that what goes around comes around. Or you may have heard that you reap what you sow. I pray for you that you may find peace and happiness which comes only one way, through Jesus Christ.



Your faithful servant

Respond to this report!
What's this?

#39 UPDATE EX-employee responds

Irrefutable evidence about Primerica (adding to Paul from Anaheim)

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

POSTED: Friday, August 19, 2005

Quoting Paul:



"You see, the financial products that primerica sells are higher in price in most, if not all instances. So why in the hell would they want to come here and let anyone see that?" Actually Paul they don't have to.



I can say what I like about Primerica and people may agree or disagree. But when Primerica itself does the talking, then I'm sure everybody including Primericans will listen.



Primerica has a remarkable website whose link is:

http://ww3.primerica.com/public/who/articles/metamorphosis.htm.

This website consists of six pages which amazingly discusses many of the hot topics brought up on Ripoff Report. Let's see what Primerica says about the price of its products:



"PFS agents still have a reputation within the industry as unsophisticated, poorly trained part-timers who sell overpriced, simple products -- and then drop out. While some of that rap is warranted,..." (Page 2)



"PFS charges more than many of its competitors in the term market, but consumers seem willing to pay for what they perceive as better service, Albanese said." (Page 3)



"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. Commissions average 150% of first-year premium, but can reach 169%." (Page 3 -

guess who gets most of the commission?).



"Despite its high prices,..." (Page 3)



If I said it I'll have trollers like Paul from

Brooklyn giving me an argument. Now how is Minister Paul going to deal with Primerica? According to the minister Primerica can do no wrong so if he has a problem with the quote, he'll

have to go to his masters and chastise them for

those remarks from their website so no use coming

after me Paul.



Here's what the site says about compliance:



"Nevertheless, the company's compliance record has not been perfect. In the last 10 years, PFS and its New York affiliate, National Benefit Life Insurance Co., paid about $700,000 in fines for various misdeeds, including allegations of deceptive sales material and licensing problems. This is in addition to the $2 million to $3 million settlement to former agents. By contrast, settlements and fines from market conduct problems will cost Prudential Insurance Co. of America, Newark, N.J., as much as $2 billion; Metropolitan Life Insurance Co., New York, $100 million; Phoenix Home Life Mutual Insurance Co., East Greenbush, N.Y., $100 million; and New York Life Insurance Co., New York, $65 million. Those are just the top of the heap." (Page 5 - the parent, Citigroup, is very far from being angels which I'll go into another time).



It often comes up about term versus whole life in

doing replacements. From Page 5:



"In encouraging customers to replace cash-value policies, PFS agents emphasize that term offers more coverage for less money when people need it most. "I take a look at what they have," said PFS agent Terrence Evans of Philadelphia. "Obviously it has to be a decision on the family's part, but I tell them, 'If I can provide the proper amount of coverage and save you money, I don't see why you would continue to keep the policy.'" Such comments alarm James Hunt, a life insurance actuary and former Vermont insurance commissioner who works with the Consumer Federation of America Insurance Group. Hunt, who also works for an insurer that sells term in New Hampshire and Massachusetts, also analyzes policies and insurance sales illustrations for consumers. While Hunt often suggests replacing universal life policies, he says it's rarely a good idea to replace whole life policies, especially when they've been held for a few years."



Here's an excerpt indicating how Traveler's feels

about Primerica and what Primerica is doing to their image:



"Some criticism comes from fellow agents under the red umbrella. In the field, PFS agents present the well-known Travelers name, then knock cash-value policies glossing over that these are the products for which Travelers is best known.



Executives of PFS and Travelers minimize the culture clash, but some Travelers agents complain that PFS tarnishes their image. When Weill took questions at a 1995 sales meeting in Cancn, Mexico, for Travelers Life's top independent producers, Manuel Ramos, who sells to affluent Latino clients in Downey, Calif., broached the issue. "What about the ethical matters of the Primerica people?" he recalls asking. "Are you doing something about it, or, as Travelers professionals, are we going to go down the toilet with these guys?" Weill responded with the company line: Travelers Life and PFS serve different markets with different needs, and each market requires a different approach. Travelers Life targets affluent customers through annuities, an array of cash-value life insurance and long-term care policies. Travelers also sells term, but as Weill points out, the average face amount for term policies issued by Travelers, at $309,000, exceeds the average $195,000 policy issued by PFS.



In some industry circles, Travelers Life has been tainted by its association with Primerica. For the last two years, the National Association of Life Underwriters (NALU) banned Travelers Life from exhibiting at its annual convention. NALU's executive committee recently lifted the ban, saying Travelers Life continues to uphold the organization's standards. Travelers is welcome to exhibit at the upcoming September convention as long as its display doesn't mention Primerica, NALU spokesman Jay Morris confirmed." (Page 2)



I'm not making this stuff up. It comes directly

from a Primerica website which I urge everyone to

visit to learn and see for yourselves.



(A note to the trollers: no use in attacking me for what Primerica says. The only solution is to reform from within.)

Respond to this report!
What's this?

#38 Consumer Comment

Here's some help

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

POSTED: Thursday, August 18, 2005

Justin,



There's no magic secret to getting out of debt. Try to lower your interest rates, and pay off your bills as fast as possible. There you go. I just "helped" every person who will read this. That is, except for the people who would not actually benefit from reducing their debt. Contrary to Primerica logic, such people do exist, and they aren't being "helped" by a no-debt philosophy.



And there's no big secret as to how to prepare for the future. Find any one of a hundred reputable investment firms and let them handle your extra money; make whatever personal investments (i.e. real estate, starting your own business) that you honestly think are wise choices; make sure you're educated and try to get yourself a good job, spend little and save much.



Now every person who reads that will also have been "helped." Or at least they received as much help as an FNA can give them.



Pretty much everybody "helps" people at their job. Very few people walk around with a big head about it. And let's get real: very VERY few people are in their current careers because they really wanted to help people.



I'm in the legal field and, believe me, I HELP people. And sure, there's a great deal of satisfaction in being able to succesfully counsel people as to important decisions, but there's even more satisfaction in the check at the end of the week. And most people with any shred of honesty will tell you the same.



If you really are just in it to help people, then I suggest getting that legal education and working for a public interest firm. Then you will be doing far more good for the world than you ever could in PFS.

Respond to this report!
What's this?

#37 Consumer Comment

Here's some help

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

POSTED: Thursday, August 18, 2005

Justin,



There's no magic secret to getting out of debt. Try to lower your interest rates, and pay off your bills as fast as possible. There you go. I just "helped" every person who will read this. That is, except for the people who would not actually benefit from reducing their debt. Contrary to Primerica logic, such people do exist, and they aren't being "helped" by a no-debt philosophy.



And there's no big secret as to how to prepare for the future. Find any one of a hundred reputable investment firms and let them handle your extra money; make whatever personal investments (i.e. real estate, starting your own business) that you honestly think are wise choices; make sure you're educated and try to get yourself a good job, spend little and save much.



Now every person who reads that will also have been "helped." Or at least they received as much help as an FNA can give them.



Pretty much everybody "helps" people at their job. Very few people walk around with a big head about it. And let's get real: very VERY few people are in their current careers because they really wanted to help people.



I'm in the legal field and, believe me, I HELP people. And sure, there's a great deal of satisfaction in being able to succesfully counsel people as to important decisions, but there's even more satisfaction in the check at the end of the week. And most people with any shred of honesty will tell you the same.



If you really are just in it to help people, then I suggest getting that legal education and working for a public interest firm. Then you will be doing far more good for the world than you ever could in PFS.

Respond to this report!
What's this?

#36 Consumer Comment

Here's some help

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

POSTED: Thursday, August 18, 2005

Justin,



There's no magic secret to getting out of debt. Try to lower your interest rates, and pay off your bills as fast as possible. There you go. I just "helped" every person who will read this. That is, except for the people who would not actually benefit from reducing their debt. Contrary to Primerica logic, such people do exist, and they aren't being "helped" by a no-debt philosophy.



And there's no big secret as to how to prepare for the future. Find any one of a hundred reputable investment firms and let them handle your extra money; make whatever personal investments (i.e. real estate, starting your own business) that you honestly think are wise choices; make sure you're educated and try to get yourself a good job, spend little and save much.



Now every person who reads that will also have been "helped." Or at least they received as much help as an FNA can give them.



Pretty much everybody "helps" people at their job. Very few people walk around with a big head about it. And let's get real: very VERY few people are in their current careers because they really wanted to help people.



I'm in the legal field and, believe me, I HELP people. And sure, there's a great deal of satisfaction in being able to succesfully counsel people as to important decisions, but there's even more satisfaction in the check at the end of the week. And most people with any shred of honesty will tell you the same.



If you really are just in it to help people, then I suggest getting that legal education and working for a public interest firm. Then you will be doing far more good for the world than you ever could in PFS.

Respond to this report!
What's this?

#35 Consumer Comment

Skull Pilot

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

POSTED: Monday, August 15, 2005

Skull Pilot,



What company do you work for and are there truly legitimate companies out there helping people get out of debt and planning their financial futures?



As a recent college graduate, I was definitely turned onto the humantarian aspect of helping people get out of debt and securing money for the future. I even thought about putting off law school to help these people out. Unfortunately, I was immediately turned off by the MLM format and the scheming attitudes of the reps.



If you or anyone can recommend companies with integrity and professional morality, please let me know. Thanks in advance

Respond to this report!
What's this?

#34 UPDATE EX-employee responds

Primerica Challenge

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

POSTED: Sunday, July 31, 2005

Skull: The reason they won't take your challenge is their goal is to give the client a better program than they had before they got there. (In their opinion)



Our Goal as independents is to give the clients the best program possible. As you know there's a big difference between what a captive can offer and an independent can offer to the client.

Respond to this report!
What's this?

#33 Consumer Suggestion

Keeping the numbers in your face

AUTHOR: Skull Pilot - (U.S.A.)

POSTED: Friday, July 29, 2005

I am going to try to keep this post up near the top of the board because there are some very good examples of how the PFS mortgage and insurance programs fall short. Paul has refused to rebut my posts and this follows a pattern I see on this board. When a PFS agent can't argue his point without name calling, the post gets ignored and falls to the bottom of the list.

Respond to this report!
What's this?

#32 Consumer Suggestion

Agreed, many companies are out to cheat the world. Most of them are listed right here.

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

POSTED: Sunday, July 17, 2005

As a matter of fact, the company listed at the top here, primerica, is one of the biggest frauds out there.



As far as financial planners go, let me say this.



I certainly don't begrudge a financial planner the right to charge money for his or her time. Not at all!



They need to eat just like anyone else. It's just a question of what they feel their time is worth.



If they are earning $350 a day in personal income, that is reasonable.



But, if they are earning twice that, and if they are pushing people into investments that aren't appropriate simply because of the extra commission, then that is not reasonable.



In fact, I had no idea they worked on a fee basis. I assumed it was commission only.



You see, I never used an investment counselor. Why would I?



My whole life, the only investments I ever needed were certificates of deposit. When I was young, I was able to get 12% on my money with zero risk. Hell, I was able to live great off that and buy new cars.



So, why would I ever need to go to the stock market? Or, need a financial planner?



Now, the return is way down. Big deal, so I don't buy a new car each year anymore. They were a waste anyway.



Personally, I never used a financial planner. I don't know what they do, or how they make their money.



I'd probably read a free book at the library on financial planning, instead.



But, I wouldn't worry too much about the library. Most people won't read. They will go to you instead. Hopefully, you and others in your profession will offer them something of value for the money they pay you.



One statement is correct. Don't wait for primerica to come here and make a head-to-head comparison with you. They aren't about to let everyone know that they charge $125 a month for the same exact thing that other companies sell for $85.

Respond to this report!
What's this?

#31 UPDATE Employee

Paul, you just think everyone is out to screw you.

AUTHOR: Skull Pilot - (U.S.A.)

POSTED: Sunday, July 17, 2005

Your little rant on all financial planners is interesting.



For one, not all financial planners sell you something. If a planner charges a fee for his time and effort, it doesn't matter to him if he sells you anything.



And in many instances even if a fee is not charged, products have to pass a suitability test. If a rep sells inappropraie products, sooner or later he'll get found out and fired or sued. In MA recently, Bank of America got investigated for selling variable annuities to seniors and will have to settle with those customers. There are more ethical planners out there than crooks.



Most people do need help with their finances and insurance. A knowledgeable agent can do many things for a client that he can't do for himself.



For example, an agent worth his salt can show how to get more money out of a 401K by using a term policy, or how about a guaranteed minimum 7% return on your money even in a down market, or setting up a legacy for your grandkids, the list goes on.



So if you think everyone is out to screw you and that all financial planners and reps are evil then I suggest you become one yourself because you aren't going to learn how to plan for your own financial future by reading Money magazine. Sooner or later, your going to have to trust someone in order to work with them for your own benefit.

Respond to this report!
What's this?

#30 Consumer Suggestion

Why in the world would primerica actually come here and compare their products to those from other companies?

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

POSTED: Saturday, July 16, 2005

They would have to be out of their minds to do that. It certainly would be bad for business.



You see, the financial products that primerica sells are higher in price in most, if not all instances. So why in the hell would they want to come here and let anyone see that?



Thanks to this site, they already lose a hell of a lot of business.



So, there is no way in hell that a current member of primerica is going to come here and show you in actual numbers that their products typically cost more than the products from other companies.



If they ever did something as stupid as that, they could forget about any future policy renewals. They already have a tough time keeping customers at renewal time as it is.



So, forget product comparison! Not gonna happen.



Then, you mention responsibility to clients. Yeah, maybe there is such a thing in the parallel universe, I don't know.



But, here on this earth the only responsibility people have is to sell you something that makes them some money. If it actually helps the client, great. If not, oh well.



The primary responsibility financial planners have is to their stomachs and to keeping a roof over their head.



By the way, that goes not just for primerica, but all other companies too. Nobody can afford to turn down a sale just because the financial product isn't right for the customer.



Remember that people. A financial planner's first obligation is to sell you something. People always take care of themselves FIRST. Now, if they just happen to have something you need and can use, great. Then, you both win.



If not, then you've just been sold a bill of goods.



So, always go into these situations with your eyes wide open and your bullshit sensor turned up all the way. That way you have a better chance of getting something that might actually help you in your future. If you expect to sit back and let the planner make all the decisions, he'll plan you right into the poorhouse.

Respond to this report!
What's this?

#29 Consumer Comment

only 2% of the U.S. population makes over $100,000 a year, Is Michelle's Statistic Correct?

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

POSTED: Saturday, July 16, 2005

Michelle of St Louis MO stated that only 2% of the U.S. population makes over $100,000 a year. It may be true, but it sounds rather hard to believe. Is she right? Thanks!

Respond to this report!
What's this?

#28 Consumer Suggestion

Ask a PFS rep for a simple product comparison and what do you get?

AUTHOR: Skull Pilot - (U.S.A.)

POSTED: Friday, July 15, 2005

I am rather disappointed in the lack of response from PFS reps to my questions.



I thought for sure that the mortgage example in an earlier post on this thread as well as the insurance example would generate some debate.



I am not doing this to discredit anyone but rather to shed light on the subject of financial planning and the need for flexibility.



So please, PFS reps, let me hear your thoughts on these examples. I will not insult or provoke anyone. I am just trying to let you see that you might not be getting the whole picture and that you have a responsibility to your clients to be a fully informed, knowledgeable representative.

Respond to this report!
What's this?

#27 UPDATE EX-employee responds

Skull Pilot-The numbers you were looking for!

AUTHOR: M. Drew - (U.S.A.)

POSTED: Wednesday, July 13, 2005

Skull Pilot,



Just in case Paul, Dave, Tom or Michelle won't answer you or they do not have the courage to do so, since I left PFS about six weeks ago, unless they have JUST changed premiums, here are the answers you were looking for.



Male and Female age 25, preferred class, 30 year Term;



New York, California, Nevada and Missouri:

PER MONTH-

Primary:$ 70.54

Spouse: $ 63.42

Total: $133.96



ANNUAL-

Primary: $ 742.50

Spouse: $ 667.50

Total: $1410.00



As of right now, Male and Female, age 55 (only renewable for 20 Years to age 75, not 80 or 85)



New York, California, Nevada and Missouri:

PER MONTH-

Primary: $ 321.34

Spouse: $ 314.22

Total: $ 635.56



ANNUAL-

Primary: $ 3382.50

Spouse: $ 3307.50

Total: $ 6690.00





Skull Pilot, I'm sure that the PFS agents will be quick to point out that there is a difference of $165.00 a year between ROP and Primerica's Term Policy. That $165.00 invested over 30 years will yield $51,236.35 if they can get a 12% rate of return. If invested in a Roth, that is also tax free money. However, it cannot be used before age 59 without severe tax penalties. If invested in a standard mutual fund, it also will be taxed upon withdrawal. Even with it being tax free, that extra $24,011.00 will be used up in a year or two with Primerica's Guaranteed renewable TERM life policy. Hum, maybe for the right person or right situation, that (as Hector La Marque would say) ROP, which is nothing more than cash value life insurance might just be the RIGHT answer!!



Paul, Dave, Tom and Michelle, I am not frustrated with PFS Agents, I am frustrated by the things that Primerica is telling it's agents. I am not trying to slam the agents who are working their tails off to try to do the right thing for their clients. What I am trying to do is get the agents to STOP just taking the word of their leadership/Upline. Just like you guys, I too listened for over three years to ONLY what my up-line had to say. My second upline SNSD is/WAS, Rusty one of the founders of A.L. Williams. He is worth more than Hector La Marque and Shane Rudeman put together. The funning thing was, as soon as I took my PFS Blinders and Headphones off and started looking for myself, I found out that the picture they painted about PFS was not as rosy as they made it seem. I also found out that all those despicable, terrible, nasty cash-value life insurance companies were not as bad as they made them out to be. In fact the more I looked at the other companies, I soon discovered WHY Primerica made them to be the ENEMY. If they were not the enemy, I would have looked at them sooner. Also as I stated, I was full time with PFS and making decent money. What made me look at the company I ended up leaving PFS for, was that the person who helped me transition AWAY from PFS has helped right at 800 people leave PFS in the last two years. YES, 800 people leave PFS in two years. That's just one person, not an entire company. Many of those people who left were RVP's or SVP's. There have been many of those RVP's and SVP's making right at $100,000.00 (or more) in a rolling 12. My RVP was one of them. Yes, my RVP and about of our office left PFS. The point is, when you burry your head in the sand and have on a headset that only plays "Primerica Music," you might just miss that Tornado, Earthquake or Hurricane that is coming. By the time you pull your head out of the sand to see what the big noise is, you might just die. What I said from the beginning along with everyone else is, DO THE MATH FOR YOUR SELVES!!!!!!!!!!!!!!!!!!!!!!



Also please understand what I am saying; I am grateful for the education that PFS gave me. Every single one of my clients was better off AFTER meeting me than they were before meeting me. What I and everyone else is saying is, they would have been much better off yet, if they had true options, not just what Primerica and Citigroup had to offer. You are CAPTURED at Primerica. You can only provide what Primerica and Citigroup ALLOW you to provide. When you can be a Broker for your clients, you are not doing what PFS say's brokers do, making people BROKER. You can truly shop around and find the BEST solution for your clients. PLEASE, PLEASE do the math. When you actually do the math for yourselves, you will see the TRUE difference.

Respond to this report!
What's this?

#26 Consumer Suggestion

Wow no response from a PFS rep for 4 days now.

AUTHOR: Skull Pilot - (U.S.A.)

POSTED: Wednesday, July 13, 2005

Where are all the PFS reps that should be here saying that I am an evil scam artist and thief because I use permanent insurance with some of my clients?



This must be a record.



Beuller,anyone,anyone???

Respond to this report!
What's this?

#25 Consumer Suggestion

Paul, here is another strategy that costs less than term only

AUTHOR: Skull Pilot - (U.S.A.)

POSTED: Tuesday, July 12, 2005

Hey Paul,



I thought of a way to reduce the cost of insurance for the couple in my last example.



Just to refresh your memory, I was using a 25 yr old couple and insuring the husband to age 80 because the theory of decreasing responsibility did not work for him.



I'll just use the husband's numbers now. At age 25, a 30 yr return of premium term (ROP) will cost him 907.50 per yr. So on the last day of the term, he would get a tax-free lump sum of 27,225.



I said in my example he had a heart attack and bypass surgery at age 52 and as a result of his health and inability to work and maintain his former income level, they had to tap into their retirement nest egg far earlier than planned. Now he has a continuing need for insurance so that will help make up for using their retirement money but he is not eligible for a new policy at age 55 so his options are to keep renewing his term insurance at annually increasing rates paying about 2 million from age 55 to age 80 for 750,000 in coverage or he could convert to an Indexed Universal Life and pay 4510 per yr for 25 yrs for a total of 112,750 for a guaranteed death benefit of 750,000 or a possible death benefit of over 2 million if the index performs at its current level for those 25 yrs. But here is a neat twist. Since he will get back every cent of premium he paid from age 25-55, he can apply that to his new permanent policy thereby reducing his cost of insurance for a total of 55 yrs (age 25-80) to a rather inexpensive 85,525 for a death benefit of at least 750,00 but more likely it would be over 1.5 million or at best 2.75 million that would go to his family upon his death.



The point I am trying to make is that permanent life insurance is not an evil scam, as PFS would have you think. There are many times when some sort of permanent insurance is actually the best choice for a client. A strategy must be flexible in order to be effective. Any strategy that does not offer choices would be like having a quarterback call the same play every time. It just won't work in the long run.



I am looking forward to your comments on this and the mortgage example I gave earlier in this thread,

Respond to this report!
What's this?

#24 Consumer Suggestion

Hi Paul, Let's dust off our calculators - an example of insuring a couple to age 80 and then you can give me the PFS version of your rates.

AUTHOR: Skull Pilot - (U.S.A.)

POSTED: Saturday, July 09, 2005

Hi Paul,



You are actually letting you lack of knowledge about insurance products show here. I am going to use an example of insuring a couple to age 80 and then you can give me the PFS version of your rates.



I use preferred rates because it makes things easier and despite what PFS has told you, many insurance companies place a substantial number of people at better than standard rates. One of the reasons I post here at all is because my wife and I had PFS policies and a financial planner showed me that I was paying too much and didn't have any options or flexibility in my financial strategy. We were both given standard rates but our new company gave her preferred plus and me preferred. That actually prompted me to get into the field. You are free to use preferred rates in your rebuttal as I said this is an example and we might as well make it a best case rather than a worst case one.



And when did I ever steer anyone into high commission products, the vast majority of insurance I sell is term. But I sell a policy that will allow options because I know that life does not often follow the theory of decreasing responsibility, and since the insurance I sell costs much less than yours, I make less per term policy than a PFS agent at my commission level.



So lets use a 25 yr old couple both in excellent health and let's give them 750,000 in coverage each.



His 61.69/mo

Hers 47.25/mo

Total 108.94



So over 30 years they will pay 39218.40 for life insurance.



Now at age 55 there is probably still a need for insurance and we now have options. Let's say the husband had a heart attack and by pass surgery at age 52 and as a result was out of work for a couple years and then he will never be able to return to his former income level, they mortgaged their home to put their kids through college and had to use some of their retirement to supplement their income. Now he can't qualify for a new policy so he has the option of either converting to a permanent plan or paying annually increasing term premiums until he dies at age 85 now I will do some rounding off to the nearest thousand here to make the math easier. If he chose the annually increasing term, from 55 to 80 he would have paid over 2 million in annually increasing term premiums for 750,000 in coverage



Now if he converted to an indexed universal life policy at age 55 at preferred plus rates, (because his health status at age 25 would be preserved) with a guaranteed no lapse contract he would pay 4510/yr so over 25 yrs that is 112750 instead of 2 million for a guaranteed 750,000 in coverage. BUT if the index performs at it's current level over the next 25 years, the death benefit to his wife could be as high as 2.75 million. And some of that money could be accessed through tax-free policy loans to supplement their income if needed.



To keep it simple, let's say the wife keeps her excellent health and lives to a ripe old age of 100. Which option leaves her better off: a term only strategy or a term conversion strategy?????



Now it's your turn.



And Paul I am not lambasting anyone, these are simply the numbers with no personal attacks or insults. I expect the same courtesy from you in your replies.

Respond to this report!
What's this?

#23 UPDATE Employee

So the deception continues.

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

POSTED: Friday, July 08, 2005

It is interesting that you very quickly quoted rates at preferred (usually the cheapest) and then didn't quote the rate for your conversion to a VERY EXPENSIVE cash value policy. And at that age it is SUPER EXPENSIVE. Over the years you would have ripped-off your client for a lot of money. But maybe you don't have guarantee renewability (which means the insurance company would drop him like a hot potato) so you had to steer your client to a bad deal. And term can be bought through 80 which you imply it cannot and we have guaranteed renewability.



You didn't state if your policy had a disability waiver, ours can have and that person would not pay any premiums after being declared disable. And there are many other factors that we consider.



You are very disingenuous when you state: Would you have them pay expensive term premiums or would you have them convert their policies to a permanent plan? Why don't you quote those two rates? Afraid of the truth? Cash value insurance is a monumental rip-off and is NEVER a good investment. But that doesn't concern you --- only your large commissions matter!



Also, suppose he is declared terminal. With us, a substantial portion of the death benefit will be paid early so that they can get their affairs in order.



As for your 50 year olds. Absolutely, if it made sense, I would offer then term insurance. It will be a lot cheaper than the rip-off permanent insurance you advocate.



So you lambaste us and yet all I read was you steering people to high commissioned products. Shame on you.



I don't have time to answer your mortgage notes (no pun intended) right now. I'll be back!

Respond to this report!
What's this?

#22 Consumer Suggestion

Do your own research and don't take anyone's word as gospel

AUTHOR: Skull Pilot - (U.S.A.)

POSTED: Friday, July 08, 2005

Tom,



Let's talk financial planning here. I'm not going to tell you that PFS is good or bad, but I want to give you some real life scenarios so that you can see that financial planning cannot be done properly with an inflexible plan and a limited product line.



Let's say that a 35 yr old husband and wife each need 500, 000 in life insurance. Their cost for insurance with AIG will be



Him 49.88/mo

Her 37.19/mo



For a total of 87.07/mo at preferred plus rates 30 yr policy



And let's assume they are both maxing out their 401K at work and each putting 300/mo into a Roth IRA. All is going well until age 50 when he has a heart attack. Now he is unable to work for a couple of years and had to take tap into his 401K just to survive and they had to stop their contributions to their IRAs because they can't afford it anymore. Now would you say that the theory of decreasing responsibility applies here? Do you think that this man should have life insurance past age 65 so he can leave some money to his wife since their retirement money had to be used earlier than planned? Would you rather have him pay ever-increasing term premiums or do you think he should convert to a permanent policy and lock in his premium for the rest of his life?



With his insurance, he can convert to a permanent policy and do it at his original preferred plus rating. Now his wife will at least have 500,000 when he dies to make up for the fact that their retirement nest egg had to be cracked open early.



That's just one example, how about a couple in their 50's who become the guardians of their grandchildren ages 4 and 2 do you think that they will have a need for insurance into their later years? Would you have them pay expensive term premiums or would you have them convert their policies to a permanent plan?



The theory of decreasing responsibility is only applicable in a perfect world.



You want to talk mortgages?



A SMART loan is not technically a simple interest loan; it is a standard amortized loan with a daily average balance income compounding. Simply put, every time you make a payment the interest is recalculated.



Most mortgages use a monthly average balance interest calculation. So the interest is calculated only once per month, no matter how many payments you make.



Let's use some numbers.



A 250,000 mortgage for 30 yrs at 7% Monthly average balance compounding

Monthly Payment 1663.26

Interest paid 348773.60

Duration 30 yrs

Total cost 598773.60



Here is the same loan with bi weekly payments of 831.63 and the same monthly average balance compounding



Bi weekly payment 831.63

Interest paid 258957.56

Duration 23.49yrs

Total cost 508957.56



Now since you say interest does not matter and that the SMART loan daily average balance and bi weekly payments are what makes your mortgage different, let's say that the same 250,000 loan with bi weekly payments and daily average balance compounding with an interest rate of 8%. Now you will tell me that your loan should be less expensive, right? Let's see.



250,000 at 8% Bi weekly payments, daily average balance



Bi weekly payment 906.07

Interest paid 305514.84

Duration 23.49 yrs

Total cost 554514.84



You can see that since the interest rate is higher, the payment must be higher in order to pay off the loan in the same 23.49 yrs and that the total cost of the PFS loan is 45557.28 more expensive than the standard mortgage with bi weekly payments.



So what is the conclusion? Interest rate matters more than the interest compounding method used.



You can get a trial version of a mortgage calculator and do this yourself, don't take my word for it.



My advice to you is the same I give to all people who want to be financial services professionals. Start reading books on investments, insurance, estate planning, etc. And don't take your RVP's word as gospel. You have a brain so use it and check sources, talk to financial planners and ask questions. You will find out that Buy term and invest the difference, while it may be a good place to start, is not the only strategy everyone should use.

Respond to this report!
What's this?

#21 UPDATE Employee

Primerica is what you make of it. It's your destiny, no one elses. Stop crying about your failures.

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

POSTED: Friday, July 08, 2005

I'm a fully licensed representative with Primerica in Las Vegas. We have many great leaders here and they help people. Our Senior National Sales Director, Chris Howard is a multi-millionaire with our company and could be enjoying his great wealth, but instead he is in the office or a phone call away helping anyone that needs it.



Every week we have new people, people we helped or new associates, which come to our office and give testimonials of how we helped them. They talk about how we made a budget for them that made them realize they were living above their means, how we put together a SMART solution that pays more to their principal than their lower interest loan ever did and they are paying less per month for it, and how we got them out of a high priced cash value policy that was sold as an investment. There are so many more stories of representatives doing the right thing for people that it makes me proud to be part of such a great organization.



For those of you that bad mouth this company, you are just bitter that you didn't have what it takes to be successful here so you went to another JOB where everything is given to you (new business referrals or you still talk to your friends an relatives- why not they should trust you and give referrals for what you do. There's nothing wrong with helping the people you know) and you work for someone else. Sure, you could make good money somewhere else, but you will never be able to be your own boss and have unlimited income potential. What's wrong with being able to control what you do and how much you make while helping people take control of their finances? I know this company helps people because it helped me 6 years ago learn about getting out of debt and staying out of debt, eliminating a whole life policy that was sold to me as a way to finance my college. Imagine how I felt when I tried to take my money out of my "College Life" investment to pay for my school, only to find out it was life insurance and there wasn't any money ($42 dollars) and if I needed that $42 I could borrow it. I had put in $4800 over two years and had only 42 dollars. I fought the company for 6 months and was finally given all my money back because the agent of the UNIONCARE company had told me of all this great interest of 9 percent I would earn and my investment would grow and I could get my money anytime. It was all lies!!!! Now, that is what the insurance industry does to people. They hurt people, not Primerica!!!!!!!



I've seen everyday, where insurance salespeople sell these "cash value" policies as investments. Now, which companies are trying to make a buck? Who is the only company thinking of making money, all the other life insurance companies? For those who left Primerica for another finance or insurance company take a look at who really wants to make money? We do term 100 percent of the time for people because it is right for people and we make a lot less money and our company makes a lot less from this pure insurance product. There is no investment connected with auto, health, long-term, disability insurance and why should life insurance be any different. Someone on this board said, there is a time when term is not right and cash value is right. How could an overpriced term life insurance product with a vanishing investment (premium) ever be right for anyone? It is an overpayment of premiums according to the IRS and is not taxable, because it is your money. Even my finance professors and finance textbooks talk about term being the sensible product for everyone. Don't give me this crap that people are not disciplined enough to invest for themselves the difference of a cash value policy and a term policy. If a person can have a cash value policy premium withdrawn monthly from their checking account, then they sure can have a term policy premium and a separate investment coming out of their checking account also. That is just a "cash value" salesperson telling people they can have insurance and invest together with a "cash value" policy because people are not educated enough to know their is an alternative. They tell people they can do both so the agent and the company can make tons more money. They say we tell people "to buy term and invest the difference" which is true, because "cash value" agents never gave their clients the choice so they blame us. But, once we show these people that they have been mislead into buying this overpriced product, why does the agent of the "cash value" company always call their client and say, "we can do that term policy for you if you like? I didn't know you wanted term instead of "cash value"." The thing is these people were never offered a term policy in the first place because the agent and the company would make less money. These agents are pushed to offer this high priced product even though they know it is not right. How many CEO's, presidents, board of directors own their own high priced product? They own a term policy and definitely invest separately, why shouldn't we do the same?



On the SMART loan, I was very unsure of this product and never sold one until I did it myself. What I found is: My Countrywide loan of 5.75% couldn't compete with my Citicorp Trust Bank loan at 8%. First of all, I'm saving over $1000 by consolidating all my debt and my first mortgage. Any mortgage company could do that. I was paying almost $3000 a month in debt including my mortgage. Now, my payment is down to $1900 a month, huge savings. The exciting part is I was paying $170 to principal with my old loan and now $350 goes to principal with my Citicorp Trust simple daily interest loan. My first full payment took off over $500 to principal, and each bi-weekly payment cuts the interest down even more. With Citicorp trust I will pay down my debt much quicker than I would with my previous loan company. Now, my credit report and score have shot up significantly allowing me to get a better rate on an auto loan or a future home loan or any future business deals that come my way.



Just ask yourself, all Primerica badmouthers, why aren't you complaining about real problems with real companies: Laying off workers, cutting salaries, wages, pension and health plans. These are the real issues that we face today. Primerica is the only company hiring more people, not just to be a worker, but to have an opportunity to do something great. Once you get in, it's up to you. I'm glad I was given this chance to control my life and not be controlled by someone else. Someone said in an earlier rebuttal that the average agent with all 100,000 agents included is $1,000. No, the average compensation of agents in Primerica is almost $10,000 divided up between those 100,000 agents. Imagine if more reps worked a little bit harder or smarter, we could push our average even higher. Money is not everything, but our licensed people make money here doing what is right for people.



I have worked for bad fortune 500 companies and I don't feel I have to write bad things about them to justify why I didn't stay there or succeed. If you worked in an unprofessional, unorganized and non-caring tiny part of this company, I'm sorry for you and you should just say, "it didn't work for me" and go on your way. You never had a chance to grow with a professional business office like a Chris Howard's or Hector LaMarque's. We run real businesses with real professionals with real results of helping people. I know there are offices in every business that doesn't follow their guidelines or stay compliant with state and federal laws, but that is not the business we are in. If, for some reason I leave Primerica because I didn't make it here, I will only have great things to say about this wonderful company. If you did your research you would find this to be true. Now, try looking at your company under the microscope and see that like any company out there, it too is in it for the money.

Respond to this report!
What's this?

#20 UPDATE EX-employee responds

I believe I hit the mark!

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

POSTED: Thursday, July 07, 2005

To Dave of El Cajon



Boy, I sure hit the mark on this one. David no one is faulting you for having dreams. It's the misrepresentation and dishonesty you will encounter as you begin to market products for this company. Be that is it is I've learned early on it's impossible to get through to people when they are in this state. Since my metaphor obviously disturbs you lets look at your reply which BTW did not address any of the issues presented forth. A 30 year old company that recruits over 90,000 people a year with only 1800 people making money of any significance is hardly anything to brag about. Your comparison to Ray Kroc of McDonald's goes back to when the company was owned by Art Williams in his infamous book All you can do is all you can do. That analogy is as old as the company and repeated in countless Fast Start Schools. Don't take it so personal, if you succeed more power to you, I just think it's very hard for honest person to succeed at this company, and PFS corporate knows it. And remember that all of your work and training and obtain of clients belong to PFS corporate, not yourself. But given the state you're in I doubt if it will make any difference. You left out so much during your response its hard not to counter all your points. But for the sake of brevity I will say this; there is nothing in your response that I have not heard before I'm simply telling you that you're in the wrong vehicle. End of comment. I've done my job. Good luck.

Respond to this report!
What's this?

#19 Consumer Suggestion

Your wonderland is a nightmare for your clients

AUTHOR: Skull Pilot - (U.S.A.)

POSTED: Thursday, July 07, 2005

You fell for it hook line and sinker.



Let's talk about your business opportunity. For one, if you would read your contract, you would see that YOU don't own your clients or your sales team but rather the company does. If you want to leave for any reason, you are forbidden under threat of legal action from contacting any of your clients or agents. You are forbidden from replacing any business you have written and you cannot even replace a PFS policy that you didn't write unless it is more than 7 yrs old. You don't own anything.



Now let's talk education:



How many financial services companies do you know of that actively discourage their reps from obtaining advanced designations. I know of one and it's PFS. Doesn't it make sense for someone who is going to advise people on such an important matter as their financial future for that person to be educated and knowledgeable in the field of finance??



I have seen PFS reps tell a person to cancel a cash value policy with no idea that that he just set up his client for a huge tax problem because his cash value was counted as income the next tax year. They didn't tell you that did they. Do you think this guy got good advice???



Do you think that selling high priced term insurance means that your clients are getting a better product?



Most any other insurance company offers all those things that you think make a PFS policy special. Guaranteed to age 95, Accelerated benefits for the terminally ill, disability waiver of premium, child riders etc. And most of these other companies offer a better conversion option than PFS. I bet your RVP didn't tell you that a PFS term could be converted to a permanent policy did he? Well it can and it is one of the worst conversion options on the market.



So now knowing that a client can find term insurance from a reputable, highly rated company like AIG, Banner, West Coast Life, Chase, etc, and that the lower premiums will allow him to save even more in an IRA, do you still think a PFS term policy is better???



Let's talk FNA



Do you honestly think that an inflexible, one-size fits all plan is the best way to handle 25 to 30 years of finances? What if the theory of decreasing responsibility didn't work for a client? What would you have them do? What if your clients didn't qualify for a Roth IRA, where would you tell them to put their money so they could enjoy tax deferred growth? Could you show your clients how to get more money out of their 401K by buying the right kind of term insurance? Can you show a client how to get a guaranteed 7% return on their money even in a down market?



If you want to be a financial services professional, my advice to you is to start reading financial planning textbooks and stop listening to your RVP.



If you want to own a business, make sure you can be independent and access many different companies so you can always find the best mix of products for your clients and where you and not the company own your business and agents.



I am more than happy to compare strategies and products with you and I guarantee that I will always get the best outcome for my client. Are you game???

Respond to this report!
What's this?

#18 Consumer Comment

PFS Wonderland....you got that right!!

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

POSTED: Thursday, July 07, 2005

Well, you actually figured me out! Congratulations! I am living in a PFS wonderland, where I am constantly encouraged to to well, and rewarded for my efforts almost every day. And by the way, of course my efforts pay for those trips! My efforts and the efforts of thousands of others make this company as profitable as it is, and able to pay for 1500 couples to spend a week in Hawaii. And guess what? My efforts that pay for these trips...they also put lots of money in my bank account. So, if I work hard and qualify for a trip, I am being rewarded not once, but twice!! How does your company reward you for your hard work...and how often?



As far as a carrot being dangled...what is wrong with that? This is a business where we are all here of our own free will. No one is paying us to be here, and if incentives and recognition make the environment that much more exciting, then what seems to be the problem? It's simple business fundamentals. If you encourage people to work harder, you will be more productive. Productivity = $$$. Business 101 in a nutshell. My point is that you will recieve more recognition here than almost anywhere else (there may be another MLM company that does it more, but I have not heard of it), and is making people feel good for a job well done such a bad thing?



I live in a fantsay world where a 30 year old company with more than 100,000 representatives and a track record of success (sales figures have increased every year on a consistant basis) and a parent company with more than 1.5 trillion dollars in assets supports my business opportunity. I live in a fantasy world where I get paid in direct proportion to my efforts, and I have NO CAP ON MY INCOME!!! The harder I work, the more I get paid!!! I live in a fantasy world where Uncle Sam takes the LAST piece of my pie...not the first. I live in a fantasy world where the leaders in my company are accessable to my whenever I need them, and I have the cell phone numbers of people who earn $500,000 and more and they even call me to see how they can help me.



I live in a fantasy world where I believe that if you want something badly enough, and decide to take the neccesary steps, you will get it.



I live in a fantasy world where in 10 years time I will OWN MY OWN BUSINESS THAT WILL PAY ME HUNDREDS OF THOUSANDS OF DOLLARS IN PASSIVE INCOME!!!!



Don't tell me that it can't be done, because there are more than 1800 people in the company today that have done it. What makes them any different from me or you? Are they smarter than me or you? Were they just lucky? Or, did they have a vision of success and take the steps to make that vision a reality.



You speak of this strange concept called "reality." You make reality sound like something to be feared. Reality is this big bear hiding behind a tree waiting to maul you. Do you like living in fear? In your reality most people fail (and you chose to group me in there, even though you have never even met me! Talk about generalizing!), and you shouldn't go off and try THAT! That's silly and dumb, and most people fail. No, you should go and find a job with a steady paycheck like everyone else. In 1964 Ray Kroc tried to offer people a chance to get in on his "franchise" idea, and you could buy a McDonalds franchise for a whopping $960. Do you know how many people laughed at him and told him that he would fail? If someone offered you a McDonalds for $960 today, would you buy it? What if you didn't have the $960 right now...would you find it TODAY!!???!



In my fantasy land, we have learned that no one is capable of what they think that they cannot do. I had a cat that wouldn't jump up on anything more than a couple of inches high, because it didn't think it could. As it grew old and became senile, I came home one day and found the cat on the top of my entertainment center, with all of my pictures knocked off. The cat had grown so senile that it forgot that it couldn't jump to high places. My point is that as long as we live in fear that we will fail like many have done before us, we will never win.



Your reality seems to be a place where if you go off and try something else, you will probably get burned. Will people fail in PFS? Absolutely. But what YOU need to do is really examine why they fail. Did they fail because the system doesn't work? We have a book of 1800+ people earning an incredible income that shows that it does. Did they fail because the people around them in the business caused them to? The didn't get enough support? Your a big boy, and big boys don't need their hands held anymore. If you're not getting the support that you need in your immediate area, you go and FIND IT! There are a hundred thousand people in this company, and most of them are willing to help you in any way possible. Unless you're completely retarded, you can find the support that you need.



Did they fail because this is hard work, and you will face a lot of rejection and opposition? Remember Ray Kroc? Did they fail because they could not endure a few years of pain for an incredible payoff? Arnold Schwarzenegger, Lou Ferrigno, Frank Zane, anyone? Does everyone who goes to the gym become physically fit? What chance does Jimmy the 16 year-old burger flipper at McDonalds have of becoming a vice president of the company without an incredible amount of HARD WORK?!?



Financial independence does not come easy for most, and that's why most people are not financially independent. THAT is reality. But what you don't seem to understand is that we have to power to make our own reality. We are so much stronger than we are told that we are...just years of being conditioned that way. All of our lives we have been told that we should stay on the safe road...the road that has been paved free of any obstructions and smoothed out but the masses and masses of people that have gone before us. Deep down we all want to see what is at the end of the "other" road...the road with all of the bumps and trees and fog and hazzards and obstructions. Maybe it's the little kid in all of us that wants to find out, but children all of thier lives are told to conform and be kept in line. Pity that most of us have seemed to have lost touch with our inner child...maybe they wouldn't be so afraid of reality hurting them, and learn to embrace a little concept called "possibilities."



So you are right, Anthony. I live in a PFS wonderland. It's a land of hope and opportunity, and of praise and recognition, and of wealth and riches, and of satisfaction and accomplishment. This land is reality for me, because I get to live it every day. I am so happy with what I do, and how this company will be the vehicle that allows me to reach my goals and dreams. Maybe PFS is not for you, but for the sake of the inner child in all of us, you should allow people to make the decision for themselves.



There is a person in my office who was exposed to PFS six years ago, and got wind from a naysayer that PFS was a scam and so they never attended an overview. The person who invited them now earns over $200,000 per year and was making next to nothing six years ago. The person who I'm speaking of has been with us for 6 months now and is more excited about biulding a business here than almost anyone else. Think about how different their life would be today if they had come to the overview six years ago and made the decision for themselves instead of relying only on third-party information.



If I told you that I was going to buy a BMW, and you told me that they sucked, should I just listen to you and buy something else? Or should I find out for myself and go take a test drive? I hope you see my point. If PFS is the big scam that you say it is, let people decide for themselves. Who knows...they might be as open-minded as I was and see it for the OPPORTUNITY that it realy is.

Respond to this report!
What's this?

#17 UPDATE EX-employee responds

This is how you're wrong Dave, The recognition factor is nothing more than a carrot that PFS dangles in front of its agents to keep them in business one more day and selling one more policy.

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

POSTED: Wednesday, July 06, 2005

To Dave of El Cajon,



I'll tell you how you're wrong in simple succinct points Dave.



1) The FNA is used as a song and dance routine designed to market more PFS products and increase your commission and money for PFS corporate.



-item: The Term insurance is overpriced and the client could do better on-line or even through another Citigroup subsidiary.



-item: The SMART? Loan which stands for Save Money and Reduce Taxes, is Always offered at 1-3 points higher rates. The client could do better with refinancing through their own mortgage company, avoid a lot of the fees, especially prepayment penalties. Likewise Client A could make extra payments to their mortgage principle and pay off their mortgage 15-20 years sooner, nothing magical about this. BTW you'll get competition selling SMART loans from your local CitiFinancial office, only they don't call it a SMART loan, gee wonder why?

-item: Investments: PFS always sell loaded mutual funds. Educate yourself on this one. Check with all the financial experts. Client A could go on-line do basic research and invest in no-load funds fairly confidently.



2) The recognition factor is nothing more than a carrot that PFS dangles in front of its agents to keep them in business one more day and selling one more policy. Simple motivation, done all the time. As far the trips etchave you ever

seen a sucker at a carnival pay $10.00 trying to win a 50 cents toy? Your efforts more than pay for trips etc.. you just don't realize it.



2) The positive motivation, competition, and the learning of some simple financial concepts are about the only pluses PFS has to offer, however depending on which office you may work out of the positive motivation often turns to envy and strife. Your fellow PFS'ers may not be as enthusiastic about you winning as you may think and a crab mentality can easily set in.



In summary you're living in PFS wonderland at the moment, and all some of us on this site are trying to do is let you know that there is a bear behind that big tree, its called reality and you can gleefully go behind that tree, but when you (I know you think it won't happen to you) come back tattered and bloody remembered you were warned.



Regards,

Respond to this report!
What's this?

#16 Consumer Suggestion

PFS does NOT help people get out of debt. Instead, they just change WHO they owe.

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

POSTED: Tuesday, July 05, 2005

Don't be fooled by this get-out-of-debt bullshit. Let me explain just what happens when a primerica rep comes to your home.



If you do everything the rep says, are you suddenly out of debt? Of course not. Don't be ridiculous.



I don't expect anyone to come into my home and suddenly make all my debts go away. That's impossible to do.



So, what does happen if you go with the primerica plan?



You still have the same debts. Only, now they are all changed over to primerica and citi. You see, Bank of America gets paid off. Now, citi gets the loan. And, all the interest.



And, don't let these cons fool you into thinking their loan is any better than the one you had before. In many cases, it's not. The fees are higher and the interest is higher.



So, where is this big get-out-of-debt deal they keep bragging about?



After primerica, you actually owe MORE money. The only real difference is that ALL the loan payments go directly to CITI!



See how you have to always watch carefully or else some crooked company will try to cheat you?



They make it sound like they're coming in and doing you this big favor by helping you with your debts.



Instead, they just move all your loans over to CITI. Some great help that turned out to be. Hell, the person would have been better off to just keep the loans they already had, instead of refinancing everything.



Refinancing always costs extra fees. You get to pay extra fees for moving all your loans over to CITI.



Yeah, big freakin' help that is!



And, Michelle, above; I love your thinking. This woman comes here and claims the $200 that new agents spend is an investment in their future.



Yeah, maybe if you stick with primerica and end up selling enough of the trash to get $20,000 in commissions. Yeah, then it would be good. A $200 license lets you earn twenty grand in commissions.



Of course, it usually doesn't work out that way!



You see, primerica recruits people with no insurance background. Many of them have little or no sales ability.



Plus, look at what the new agents have to do. Primerica is way too cheap to supply them with an office or an advertising campaign. So, nobody comes running or calling to buy the insurance trash.



Instead, the new rep is told to go out and hassle people in malls and shopping centers. Restaurants. Gas stations.



Can you imagine that? Begging for customers at a mall or gas station? Like a god-damned bum looking for spare change!



Hey, I got sales skill, but I'd have a d**n tough time with that too.



So, what happens? No big surprise. The new agent quits after a short time.



What did he or she end up making with this $200 license? Maybe a grand or two?



Was that a good deal? You tell me. Put up $200 and work long hours bugging strangers until they end up buying something. All for what? A couple of grand? Five bucks an hour?



Do you actually think they'll ever use the license again? Not after the primerica experience! One time was enough.



They might as well throw the d**n license out. It was a waste of $200. And the whole primerica scam was a waste of their time.



Some great investment, huh?

Respond to this report!
What's this?

#15 Consumer Comment

Once again... percentage of clients find flaws in our products from time to time

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

POSTED: Tuesday, July 05, 2005

Timothy, I will start by saying that you did catch me a bit off base when I stated that only failures complain. I meant that statement to be directed at Drew who was an agent, and it was a statement directed towards the many agents who do complain. I do realize that a certain (albeit small) percentage of clients find flaws in our products from time to time. If anything in that situation, we have succeeded in our mission to leave the client in a better financial position than they were before sitting down with us. For example, Client A completes an FNA and does a S.M.A.R.T. loan, increases their life insurance coverage amount for less premiun dollar than they were before, and begins an investment program with us, and the net result is that they get out of debt 10 to 15 years sooner than they were on track for, and have a solid plan for retirement (and this happens for most of my clients), them we have succeeded in our mission. If client B completes an FNA, and after we bring them back a solution and they decide to shop around for a better price (and remember, you get what you pay for), and they go and find it, well then we have succeeded also. The client will be in a better place financially than before because they either want us to help them, or they want to prove us wrong and show us that they can help themselves. Either way, I don't care as long as the client has been educated to know that there are better options than what thye are doing now.



What is my point? Well, it goes to show that some clients may complain about PFS also, and so Tim, you are right. Kudos to you. By the way, are there any websites that bash Microsoft? How about Verizon? Maybe Ford or GM? I hope you see my point here, Tim.



Now, you wrote: "The whole point is that the system is designed for failure. Who better to tell us about it than those that have experienced it first hand?" This statement engulfs everything that you preached at me not to do. Let me ask, where has YOUR objectivity gone? If the system was designed for failure, then how do people win here? Tell me please. The truth is that the system, as I said before, is one of the greatest character exposers I have ever seen. If you work hard, the system will work and pay off handsomely for you. If you give up on yourself or the system (either one will do), then you WILL fail here. It's that simple.



You ask me why Primerica is great? Well, in A years time I have learned a great deal about financial services, and because of this I will never be taken advantage of financially. Next, I have been exposed to a culture of people who are constantly striving to better themselves through competition and self-improvement. The books that I have read have been incredible for me in terms of my own self-improvement, and being a competitive guy, I am always excited to be doing what I am doing because the recognition for a job well done is outstanding here. That's another thing that is so great about Primerica. The recognition factor. At my old job, the only recognition I got was "you're late," or "you took too long a lunch." Here, you get a pat on the back for EVERYTHING! And not only a pat on the back, but plaques, trophys, prizes, and vacations for top performers. My girlfriend and I have a chance to qualify for a company trip to Hawaii in February. They are taking 1500 couples, all expenses paid. It's going to be our first trip with Primerica, and we're very excited.



Now, you tell me why you think I'm wrong.

Respond to this report!
What's this?

#14 Consumer Comment

Once again... percentage of clients find flaws in our products from time to time

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

POSTED: Tuesday, July 05, 2005

Timothy, I will start by saying that you did catch me a bit off base when I stated that only failures complain. I meant that statement to be directed at Drew who was an agent, and it was a statement directed towards the many agents who do complain. I do realize that a certain (albeit small) percentage of clients find flaws in our products from time to time. If anything in that situation, we have succeeded in our mission to leave the client in a better financial position than they were before sitting down with us. For example, Client A completes an FNA and does a S.M.A.R.T. loan, increases their life insurance coverage amount for less premiun dollar than they were before, and begins an investment program with us, and the net result is that they get out of debt 10 to 15 years sooner than they were on track for, and have a solid plan for retirement (and this happens for most of my clients), them we have succeeded in our mission. If client B completes an FNA, and after we bring them back a solution and they decide to shop around for a better price (and remember, you get what you pay for), and they go and find it, well then we have succeeded also. The client will be in a better place financially than before because they either want us to help them, or they want to prove us wrong and show us that they can help themselves. Either way, I don't care as long as the client has been educated to know that there are better options than what thye are doing now.



What is my point? Well, it goes to show that some clients may complain about PFS also, and so Tim, you are right. Kudos to you. By the way, are there any websites that bash Microsoft? How about Verizon? Maybe Ford or GM? I hope you see my point here, Tim.



Now, you wrote: "The whole point is that the system is designed for failure. Who better to tell us about it than those that have experienced it first hand?" This statement engulfs everything that you preached at me not to do. Let me ask, where has YOUR objectivity gone? If the system was designed for failure, then how do people win here? Tell me please. The truth is that the system, as I said before, is one of the greatest character exposers I have ever seen. If you work hard, the system will work and pay off handsomely for you. If you give up on yourself or the system (either one will do), then you WILL fail here. It's that simple.



You ask me why Primerica is great? Well, in A years time I have learned a great deal about financial services, and because of this I will never be taken advantage of financially. Next, I have been exposed to a culture of people who are constantly striving to better themselves through competition and self-improvement. The books that I have read have been incredible for me in terms of my own self-improvement, and being a competitive guy, I am always excited to be doing what I am doing because the recognition for a job well done is outstanding here. That's another thing that is so great about Primerica. The recognition factor. At my old job, the only recognition I got was "you're late," or "you took too long a lunch." Here, you get a pat on the back for EVERYTHING! And not only a pat on the back, but plaques, trophys, prizes, and vacations for top performers. My girlfriend and I have a chance to qualify for a company trip to Hawaii in February. They are taking 1500 couples, all expenses paid. It's going to be our first trip with Primerica, and we're very excited.



Now, you tell me why you think I'm wrong.

Respond to this report!
What's this?

#13 Consumer Comment

Once again... percentage of clients find flaws in our products from time to time

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

POSTED: Tuesday, July 05, 2005

Timothy, I will start by saying that you did catch me a bit off base when I stated that only failures complain. I meant that statement to be directed at Drew who was an agent, and it was a statement directed towards the many agents who do complain. I do realize that a certain (albeit small) percentage of clients find flaws in our products from time to time. If anything in that situation, we have succeeded in our mission to leave the client in a better financial position than they were before sitting down with us. For example, Client A completes an FNA and does a S.M.A.R.T. loan, increases their life insurance coverage amount for less premiun dollar than they were before, and begins an investment program with us, and the net result is that they get out of debt 10 to 15 years sooner than they were on track for, and have a solid plan for retirement (and this happens for most of my clients), them we have succeeded in our mission. If client B completes an FNA, and after we bring them back a solution and they decide to shop around for a better price (and remember, you get what you pay for), and they go and find it, well then we have succeeded also. The client will be in a better place financially than before because they either want us to help them, or they want to prove us wrong and show us that they can help themselves. Either way, I don't care as long as the client has been educated to know that there are better options than what thye are doing now.



What is my point? Well, it goes to show that some clients may complain about PFS also, and so Tim, you are right. Kudos to you. By the way, are there any websites that bash Microsoft? How about Verizon? Maybe Ford or GM? I hope you see my point here, Tim.



Now, you wrote: "The whole point is that the system is designed for failure. Who better to tell us about it than those that have experienced it first hand?" This statement engulfs everything that you preached at me not to do. Let me ask, where has YOUR objectivity gone? If the system was designed for failure, then how do people win here? Tell me please. The truth is that the system, as I said before, is one of the greatest character exposers I have ever seen. If you work hard, the system will work and pay off handsomely for you. If you give up on yourself or the system (either one will do), then you WILL fail here. It's that simple.



You ask me why Primerica is great? Well, in A years time I have learned a great deal about financial services, and because of this I will never be taken advantage of financially. Next, I have been exposed to a culture of people who are constantly striving to better themselves through competition and self-improvement. The books that I have read have been incredible for me in terms of my own self-improvement, and being a competitive guy, I am always excited to be doing what I am doing because the recognition for a job well done is outstanding here. That's another thing that is so great about Primerica. The recognition factor. At my old job, the only recognition I got was "you're late," or "you took too long a lunch." Here, you get a pat on the back for EVERYTHING! And not only a pat on the back, but plaques, trophys, prizes, and vacations for top performers. My girlfriend and I have a chance to qualify for a company trip to Hawaii in February. They are taking 1500 couples, all expenses paid. It's going to be our first trip with Primerica, and we're very excited.



Now, you tell me why you think I'm wrong.

Respond to this report!
What's this?

#12 UPDATE Employee

Just a few words

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

POSTED: Tuesday, July 05, 2005

As it has been stated this is a business opportunity. And as with anything, if you look deep into it you can find negatives anywhere. I am sure no matter where a person is they can find some negatives and disadvantages somewhere. No one and nothing is perfect. It's a fact. The fact that it would take someone 3 1/2 years to discovered that they are really not cut out for an opportunity like this is possibly the real problem.



In regards to this whole scholarship thing of $200, this is ridiculous. It is an investment in your business. It is used to become life licensed in your business. If you decide to leave and go elsewhere the license is yours to use for whatever other purpose you choose. And if you work "your business" as it is designed to be worked it will be subsidized. It takes "work." It is not $200 paid for the heck of it. It serves a purpose.



Also, what company in the world do you know that can claim that 2% of their "employees" make over $100,000. Unless, they have 2,000 employees sitting up on the top floors, I don't think so. Only 2% of the nation makes over $100,000. I'm not a math genius but that looks pretty good to me. Primerica does not make the claim that you will make this amount, but that you can if you work the system as it was designed. As far as helping people sincerely, I will not even go there. I have seen to many times where it has given familes financial hope when they thought that debt had left their futures hopeless.

Respond to this report!
What's this?

#11 Consumer Comment

You don't have to be a former agent to see the flaws

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

POSTED: Saturday, July 02, 2005

"I know that the only reason people badmouth this company is that they failed themselves."



That's where your wrong. And that statement has two effects: first, it tells us that you have abandoned all objectivity by assuming that only failures can see faults with your company. Second, it completely destroys your credibility because not only are you flat out wrong, but your argument is seen as more of a sales pitch than an objective attempt to refute valid (though possibly incorrect) arguments.



Many if not most complaints are from former agents. That doesn't meant that they aren't valid. The whole point is that the system is designed for failure. Who better to tell us about it than those that have experienced it first hand? I have found that many people who complain about the holocaust are concentration camp survivors. Are their reports any less valid by virtue of having been made by an actual victim?



If the former agents have lost the ability to remain objective it's not simply by virtue of their failure. As you said, most new businesses will fail. And when they do, the failed proprietors may cite a poor market, poor business decisions on their own part, or what have you. Rarely does a failed business owner place the blame for his failure on the inviability of the business model that he replicated. So why do the former Primericans do this? Could it be because there are actually significant flaws with the Primerica "opportunity"?



Other complainants are consumers who feel that the Primerica products they purchased aren't nearly as beneficial as they were played up to be.



Other complainants are outsiders who understand how the system works, how it serves to exploit people, how it actually benefits Primerica when a recruit fails, and how the products are great for Primerica's bottom line but rarely are the best products for the consumer.



And that's where I fit in. I have never been invloved with Primerica. I simply see the obvious flaws in the system and feel that I can enunciate exactly what they are and how they affect the recruit and the consumer (I know that sounds conceited, my apologies).



Dave, you seem to have some valid points. Unlike Quixtar, Primerica does have a few things going for it. Thus there are valid arguments to be made on either side. Make your arguments and we'll have it out in the forum of public opinion. Just skip the "only the failures complain" line, because I stop reading at that point.



I have to commend your superior communication skills. You seem to be a smart fella; that may be why you have found success with Primerica. Now, tell me why Primerica is great, I'll tell you why I think you're wrong, and we can still be pals.

Respond to this report!
What's this?

#10 Consumer Comment

Who isn't in the business of making money?

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

POSTED: Thursday, June 30, 2005

Drew, I have to ask, what was your real goal in PFS? I know that for most of the people that are here, the goal is to become financially independant through helping others in a meaningful way. The way that we help people is to improve thier current situation, and if you have been around PFS long enough you should know that one of our mission statements is that we will absolutely not do business with someone unless we can improve thier current financial situation. Now, you seem all hellbent on bashing the products and services that we offer as not being the best for our clients. While it is true that they could go and find cheaper insurance and lower interest loans, would they really go out and do it, Drew? You know as well as I do, Drew, that life insurance is not bought...it is sold. 90% or more of all policies in force were sold through an agent, as opposed to the policyholder getting up one day and saying, "Hmm, I think I'll go buy some life insurance today."



You say that PFS is a great opportunuty to hurt people? On what foundation do you make that claim? Please tell me. How many other companies are out there offering middle America a customized, confidential, and complimentary financial needs analysis to help them see a clear picture of where they are today and where they could be in the future with the right financial coaching? The bottom line is that people are better off having implimented a plan with us than they were before siiting with us. If this were not the case, then why do we average 8 to 10 referals per client? Why did I get 22 referals from my last FNA carryback? Why do we have over 6 million clients in the US, Canada, Spain, Puerto Rico and the UK? Are you saying that 6 million clients and more than 110,000 agents must be idiots?



You say that PFS is a great opportunity, but to do what. The opportunity is to build a business for yourself that generates passive income to you on a regular basis. What does this business do? We help people. Period. We leave people with a clearer understanding of thier finances than they had before they sat with us, and even you cannot dispute that. If you didn't believe that, you would have washed out of the business in just a few weeks. There must have been something that kept you here for so long.



I may have only been in PFS for a year, but I know that the only reason people badmouth this company is that they failed themselves. Anyone who is successful here has two traits. First, they have the right attitude. Second, they have an open mind. Drew, I don't care how much money you say you made here. With the kind of thinking that you have displayed thus far in you commentary, I know for a fact that you were doomed in this business from day one. Rather than focus on the good that we are doing, you spent WAY too much time finding things to complain about.



Have you ever heard of Tom Hopkins, or Tony Robbins? I thought you may have. Anyone who spends even a remote amount of time on self-improvement knows that being in control of your thought process can make the difference between winning and losing. It sounds to me like you either didn't work on your self-improvement while you were in the business, or what you read went in one eye and out the other. Winners are happy with thier lives. They don't complain every chance they get. They always look for the good in a given situation, rather than focusing on the bad. This allows them to be focused in other areas of life, and more in control of what they CAN control. You shoud only focus on the things that you can control, because focusing on what you cannot control will drive you crazy.



People who badmouth PFS failed here because they weren't willing to give it 100%. 100% includes self-improvement. If you intend to improve by 1% every day, you cannot fail in whatever you set out to do. Winners do what others wont so that they can have what others don't. That really is what makes PFS so easy for people to say bad things about. Primerica is the greatest character exposer on earth, and once people find out that you actually have to work, and that financial freedom doesn't come easy...well, they just can't handle that. They wont do it because it is easier to go and get a job working for someone else. So they go and do what everyone else does, and thus, they will have what everyone else has. Just ask Robert Kiyosake, author of The Cash Flow Quadrant and Rich Dad Poor Dad (I'm sure you knew that already) and he will tell you. You will NEVER become wealthy working for someone else.



In a recent USA Today poll, 67% of Americans said that they would like to own thier own business. The three factors that were memtioned most in terms of why they do not own a business were money, idea, and time. It take all three of these to start a businss, and I'm sure that you'd agree. Start-up costs for most businesses are far out of reach for the average person, and even those who do take a chance and borrow the money are well aware that 50% of small business fail within the first year. Idea is the next problem, and any business owner knows that to stay on business you have to sell something that people either want or need. Third is time. Starting a business is a full-time venture, and quitting your current job is a must if you want to get it going before you get shut down.



Primerica takes care of ALL THREE!!! $199 to start you own business associated with the most profitable company on earth and with no cost to you for an office, a great concept to build a business on, and you can start part-time and build your team without having to give up you job! Here, anyone who REALLY WANTS TO can own thier own business where the ONLY factor that can put them out of business is themselves. Tell me where else can you find this type of system.



Primerica is an opportunity for those of us who want more. You know from the statistics, Drew, that 95% of people at age 65 today are either still working, barely scraping by, or dead broke. I know that I do not want to ba a part of that crowd. PFS will allow me to be a part of the upper 5% who are wealthy and enjoying life. As far as I know, we only get one shot here on this earth...I for one am going to do whatever I can to make it as enjoyable as possible.

Respond to this report!
What's this?

#9 Consumer Comment

Who isn't in the business of making money?

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

POSTED: Thursday, June 30, 2005

Drew, I have to ask, what was your real goal in PFS? I know that for most of the people that are here, the goal is to become financially independant through helping others in a meaningful way. The way that we help people is to improve thier current situation, and if you have been around PFS long enough you should know that one of our mission statements is that we will absolutely not do business with someone unless we can improve thier current financial situation. Now, you seem all hellbent on bashing the products and services that we offer as not being the best for our clients. While it is true that they could go and find cheaper insurance and lower interest loans, would they really go out and do it, Drew? You know as well as I do, Drew, that life insurance is not bought...it is sold. 90% or more of all policies in force were sold through an agent, as opposed to the policyholder getting up one day and saying, "Hmm, I think I'll go buy some life insurance today."



You say that PFS is a great opportunuty to hurt people? On what foundation do you make that claim? Please tell me. How many other companies are out there offering middle America a customized, confidential, and complimentary financial needs analysis to help them see a clear picture of where they are today and where they could be in the future with the right financial coaching? The bottom line is that people are better off having implimented a plan with us than they were before siiting with us. If this were not the case, then why do we average 8 to 10 referals per client? Why did I get 22 referals from my last FNA carryback? Why do we have over 6 million clients in the US, Canada, Spain, Puerto Rico and the UK? Are you saying that 6 million clients and more than 110,000 agents must be idiots?



You say that PFS is a great opportunity, but to do what. The opportunity is to build a business for yourself that generates passive income to you on a regular basis. What does this business do? We help people. Period. We leave people with a clearer understanding of thier finances than they had before they sat with us, and even you cannot dispute that. If you didn't believe that, you would have washed out of the business in just a few weeks. There must have been something that kept you here for so long.



I may have only been in PFS for a year, but I know that the only reason people badmouth this company is that they failed themselves. Anyone who is successful here has two traits. First, they have the right attitude. Second, they have an open mind. Drew, I don't care how much money you say you made here. With the kind of thinking that you have displayed thus far in you commentary, I know for a fact that you were doomed in this business from day one. Rather than focus on the good that we are doing, you spent WAY too much time finding things to complain about.



Have you ever heard of Tom Hopkins, or Tony Robbins? I thought you may have. Anyone who spends even a remote amount of time on self-improvement knows that being in control of your thought process can make the difference between winning and losing. It sounds to me like you either didn't work on your self-improvement while you were in the business, or what you read went in one eye and out the other. Winners are happy with thier lives. They don't complain every chance they get. They always look for the good in a given situation, rather than focusing on the bad. This allows them to be focused in other areas of life, and more in control of what they CAN control. You shoud only focus on the things that you can control, because focusing on what you cannot control will drive you crazy.



People who badmouth PFS failed here because they weren't willing to give it 100%. 100% includes self-improvement. If you intend to improve by 1% every day, you cannot fail in whatever you set out to do. Winners do what others wont so that they can have what others don't. That really is what makes PFS so easy for people to say bad things about. Primerica is the greatest character exposer on earth, and once people find out that you actually have to work, and that financial freedom doesn't come easy...well, they just can't handle that. They wont do it because it is easier to go and get a job working for someone else. So they go and do what everyone else does, and thus, they will have what everyone else has. Just ask Robert Kiyosake, author of The Cash Flow Quadrant and Rich Dad Poor Dad (I'm sure you knew that already) and he will tell you. You will NEVER become wealthy working for someone else.



In a recent USA Today poll, 67% of Americans said that they would like to own thier own business. The three factors that were memtioned most in terms of why they do not own a business were money, idea, and time. It take all three of these to start a businss, and I'm sure that you'd agree. Start-up costs for most businesses are far out of reach for the average person, and even those who do take a chance and borrow the money are well aware that 50% of small business fail within the first year. Idea is the next problem, and any business owner knows that to stay on business you have to sell something that people either want or need. Third is time. Starting a business is a full-time venture, and quitting your current job is a must if you want to get it going before you get shut down.



Primerica takes care of ALL THREE!!! $199 to start you own business associated with the most profitable company on earth and with no cost to you for an office, a great concept to build a business on, and you can start part-time and build your team without having to give up you job! Here, anyone who REALLY WANTS TO can own thier own business where the ONLY factor that can put them out of business is themselves. Tell me where else can you find this type of system.



Primerica is an opportunity for those of us who want more. You know from the statistics, Drew, that 95% of people at age 65 today are either still working, barely scraping by, or dead broke. I know that I do not want to ba a part of that crowd. PFS will allow me to be a part of the upper 5% who are wealthy and enjoying life. As far as I know, we only get one shot here on this earth...I for one am going to do whatever I can to make it as enjoyable as possible.

Respond to this report!
What's this?

#8 Consumer Comment

Who isn't in the business of making money?

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

POSTED: Thursday, June 30, 2005

Drew, I have to ask, what was your real goal in PFS? I know that for most of the people that are here, the goal is to become financially independant through helping others in a meaningful way. The way that we help people is to improve thier current situation, and if you have been around PFS long enough you should know that one of our mission statements is that we will absolutely not do business with someone unless we can improve thier current financial situation. Now, you seem all hellbent on bashing the products and services that we offer as not being the best for our clients. While it is true that they could go and find cheaper insurance and lower interest loans, would they really go out and do it, Drew? You know as well as I do, Drew, that life insurance is not bought...it is sold. 90% or more of all policies in force were sold through an agent, as opposed to the policyholder getting up one day and saying, "Hmm, I think I'll go buy some life insurance today."



You say that PFS is a great opportunuty to hurt people? On what foundation do you make that claim? Please tell me. How many other companies are out there offering middle America a customized, confidential, and complimentary financial needs analysis to help them see a clear picture of where they are today and where they could be in the future with the right financial coaching? The bottom line is that people are better off having implimented a plan with us than they were before siiting with us. If this were not the case, then why do we average 8 to 10 referals per client? Why did I get 22 referals from my last FNA carryback? Why do we have over 6 million clients in the US, Canada, Spain, Puerto Rico and the UK? Are you saying that 6 million clients and more than 110,000 agents must be idiots?



You say that PFS is a great opportunity, but to do what. The opportunity is to build a business for yourself that generates passive income to you on a regular basis. What does this business do? We help people. Period. We leave people with a clearer understanding of thier finances than they had before they sat with us, and even you cannot dispute that. If you didn't believe that, you would have washed out of the business in just a few weeks. There must have been something that kept you here for so long.



I may have only been in PFS for a year, but I know that the only reason people badmouth this company is that they failed themselves. Anyone who is successful here has two traits. First, they have the right attitude. Second, they have an open mind. Drew, I don't care how much money you say you made here. With the kind of thinking that you have displayed thus far in you commentary, I know for a fact that you were doomed in this business from day one. Rather than focus on the good that we are doing, you spent WAY too much time finding things to complain about.



Have you ever heard of Tom Hopkins, or Tony Robbins? I thought you may have. Anyone who spends even a remote amount of time on self-improvement knows that being in control of your thought process can make the difference between winning and losing. It sounds to me like you either didn't work on your self-improvement while you were in the business, or what you read went in one eye and out the other. Winners are happy with thier lives. They don't complain every chance they get. They always look for the good in a given situation, rather than focusing on the bad. This allows them to be focused in other areas of life, and more in control of what they CAN control. You shoud only focus on the things that you can control, because focusing on what you cannot control will drive you crazy.



People who badmouth PFS failed here because they weren't willing to give it 100%. 100% includes self-improvement. If you intend to improve by 1% every day, you cannot fail in whatever you set out to do. Winners do what others wont so that they can have what others don't. That really is what makes PFS so easy for people to say bad things about. Primerica is the greatest character exposer on earth, and once people find out that you actually have to work, and that financial freedom doesn't come easy...well, they just can't handle that. They wont do it because it is easier to go and get a job working for someone else. So they go and do what everyone else does, and thus, they will have what everyone else has. Just ask Robert Kiyosake, author of The Cash Flow Quadrant and Rich Dad Poor Dad (I'm sure you knew that already) and he will tell you. You will NEVER become wealthy working for someone else.



In a recent USA Today poll, 67% of Americans said that they would like to own thier own business. The three factors that were memtioned most in terms of why they do not own a business were money, idea, and time. It take all three of these to start a businss, and I'm sure that you'd agree. Start-up costs for most businesses are far out of reach for the average person, and even those who do take a chance and borrow the money are well aware that 50% of small business fail within the first year. Idea is the next problem, and any business owner knows that to stay on business you have to sell something that people either want or need. Third is time. Starting a business is a full-time venture, and quitting your current job is a must if you want to get it going before you get shut down.



Primerica takes care of ALL THREE!!! $199 to start you own business associated with the most profitable company on earth and with no cost to you for an office, a great concept to build a business on, and you can start part-time and build your team without having to give up you job! Here, anyone who REALLY WANTS TO can own thier own business where the ONLY factor that can put them out of business is themselves. Tell me where else can you find this type of system.



Primerica is an opportunity for those of us who want more. You know from the statistics, Drew, that 95% of people at age 65 today are either still working, barely scraping by, or dead broke. I know that I do not want to ba a part of that crowd. PFS will allow me to be a part of the upper 5% who are wealthy and enjoying life. As far as I know, we only get one shot here on this earth...I for one am going to do whatever I can to make it as enjoyable as possible.

Respond to this report!
What's this?

#7 Consumer Comment

Who isn't in the business of making money?

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

POSTED: Thursday, June 30, 2005

Drew, I have to ask, what was your real goal in PFS? I know that for most of the people that are here, the goal is to become financially independant through helping others in a meaningful way. The way that we help people is to improve thier current situation, and if you have been around PFS long enough you should know that one of our mission statements is that we will absolutely not do business with someone unless we can improve thier current financial situation. Now, you seem all hellbent on bashing the products and services that we offer as not being the best for our clients. While it is true that they could go and find cheaper insurance and lower interest loans, would they really go out and do it, Drew? You know as well as I do, Drew, that life insurance is not bought...it is sold. 90% or more of all policies in force were sold through an agent, as opposed to the policyholder getting up one day and saying, "Hmm, I think I'll go buy some life insurance today."



You say that PFS is a great opportunuty to hurt people? On what foundation do you make that claim? Please tell me. How many other companies are out there offering middle America a customized, confidential, and complimentary financial needs analysis to help them see a clear picture of where they are today and where they could be in the future with the right financial coaching? The bottom line is that people are better off having implimented a plan with us than they were before siiting with us. If this were not the case, then why do we average 8 to 10 referals per client? Why did I get 22 referals from my last FNA carryback? Why do we have over 6 million clients in the US, Canada, Spain, Puerto Rico and the UK? Are you saying that 6 million clients and more than 110,000 agents must be idiots?



You say that PFS is a great opportunity, but to do what. The opportunity is to build a business for yourself that generates passive income to you on a regular basis. What does this business do? We help people. Period. We leave people with a clearer understanding of thier finances than they had before they sat with us, and even you cannot dispute that. If you didn't believe that, you would have washed out of the business in just a few weeks. There must have been something that kept you here for so long.



I may have only been in PFS for a year, but I know that the only reason people badmouth this company is that they failed themselves. Anyone who is successful here has two traits. First, they have the right attitude. Second, they have an open mind. Drew, I don't care how much money you say you made here. With the kind of thinking that you have displayed thus far in you commentary, I know for a fact that you were doomed in this business from day one. Rather than focus on the good that we are doing, you spent WAY too much time finding things to complain about.



Have you ever heard of Tom Hopkins, or Tony Robbins? I thought you may have. Anyone who spends even a remote amount of time on self-improvement knows that being in control of your thought process can make the difference between winning and losing. It sounds to me like you either didn't work on your self-improvement while you were in the business, or what you read went in one eye and out the other. Winners are happy with thier lives. They don't complain every chance they get. They always look for the good in a given situation, rather than focusing on the bad. This allows them to be focused in other areas of life, and more in control of what they CAN control. You shoud only focus on the things that you can control, because focusing on what you cannot control will drive you crazy.



People who badmouth PFS failed here because they weren't willing to give it 100%. 100% includes self-improvement. If you intend to improve by 1% every day, you cannot fail in whatever you set out to do. Winners do what others wont so that they can have what others don't. That really is what makes PFS so easy for people to say bad things about. Primerica is the greatest character exposer on earth, and once people find out that you actually have to work, and that financial freedom doesn't come easy...well, they just can't handle that. They wont do it because it is easier to go and get a job working for someone else. So they go and do what everyone else does, and thus, they will have what everyone else has. Just ask Robert Kiyosake, author of The Cash Flow Quadrant and Rich Dad Poor Dad (I'm sure you knew that already) and he will tell you. You will NEVER become wealthy working for someone else.



In a recent USA Today poll, 67% of Americans said that they would like to own thier own business. The three factors that were memtioned most in terms of why they do not own a business were money, idea, and time. It take all three of these to start a businss, and I'm sure that you'd agree. Start-up costs for most businesses are far out of reach for the average person, and even those who do take a chance and borrow the money are well aware that 50% of small business fail within the first year. Idea is the next problem, and any business owner knows that to stay on business you have to sell something that people either want or need. Third is time. Starting a business is a full-time venture, and quitting your current job is a must if you want to get it going before you get shut down.



Primerica takes care of ALL THREE!!! $199 to start you own business associated with the most profitable company on earth and with no cost to you for an office, a great concept to build a business on, and you can start part-time and build your team without having to give up you job! Here, anyone who REALLY WANTS TO can own thier own business where the ONLY factor that can put them out of business is themselves. Tell me where else can you find this type of system.



Primerica is an opportunity for those of us who want more. You know from the statistics, Drew, that 95% of people at age 65 today are either still working, barely scraping by, or dead broke. I know that I do not want to ba a part of that crowd. PFS will allow me to be a part of the upper 5% who are wealthy and enjoying life. As far as I know, we only get one shot here on this earth...I for one am going to do whatever I can to make it as enjoyable as possible.

Respond to this report!
What's this?

#6 Consumer Suggestion

Why did it take you 3.5 years to figure out that you were wasting your time? You could've come here and known that in 35 minutes.

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

POSTED: Monday, June 27, 2005

Just read all the reports here. Everything about the company is discussed.



Thirty minutes later, you tell them no thanks and go on with your life.



Think of what you could have done with an extra 3.5 years of life.

Respond to this report!
What's this?

#5 UPDATE EX-employee responds

A great Opportunity to Hurt People! Primerica and Citigroup are interested in making a buck, PERIOD.

AUTHOR: M. Drew - (U.S.A.)

POSTED: Monday, June 27, 2005

I never claimed that it was not a great opportunity. The question I really ask is, opportunity to do what. Yes lots of people are in debt. Lots and LOTS of people do not have life insurance, so on and so on. What I am saying is, not everyone is granted the Scholarship. In this area (Portland, Oregon- Vancouver, Washington), I have even heard of people going all the way through the scholarship program and then being told that well, not all the appointments were really qualified. At our office, it was up to the field trainer to qualify his/ hers appointments. As far as the wonderful Scholarship Program, not every office runs their office like a business.



If you read my complete letter, you would have seen that I stated that their were 1800 + people that make $100,000 a year. And as you even said, that is out of over 100,000 people. Yes, a few make it big, only a very few. I did try Primerica full time for over a year. I worked my tail off and made a decent income. Yes, I gave it 100+ %!!! The problem is, I am not willing to hook my family, friends, cousins, uncles and so on into a business that I believe is no longer in the business of putting the needs of its clients first. That is not the real issue. What I was saying was that if you check with good reputable mortgage brokers, you will find that the SMART Loan is not the best. If you take an A + grade Credit person (700+ FICO)and give them a mortgage with a SMART Loan, you will barely be in the high 7% range. In fact, the last time I looked before I resigned (after 3 1/2 years- and yes I too was FULL time!!!), the best some one could get was (note rate) 7.8 % to 8 %. That SUCKS!!!!!!! An A+ Credit (A+ FICO) can get 5.85% (I just had one) to no more than 6.1 %. No matter how much leverage you use, and even with a Pure Interest Baring Loan, I can get someone out of debt A LOT faster than the SMART Loan!!!!!



You never had an answer to the issue of insurance and the over-inflated cost and the all mighty 35 year term product just released. Go onto any web sight that gives quotes for insurance. Top rated companies, yes even ones that have as good as ratings as Primerica Life have insurance for 1/3 to the cost. Again, AIG has the SAME Policy benefits as Primerica's and even BETTER benefits that Primerica's doesn't.



As far as Primerica being the only company that is a one-stop shop. Garbage. I am part of a one-stop shop that has, Term Insurance, Long Term Care, Investments, Home Loans (New and Refinance), and everything that PFS has. You can also build a business like you can with PFS. You just don't have to go out and recruit all of your relatives, friends and anyone that happens to be breathing that can pass a background.



The Baby Boomers: How can Primerica really help them. You only have basic mutual funds and Variable Annuities. Do the research; this is not the best way to help the boomers. Do you have the ability to GUARENTEE that someones investments WILL NOT loose principle, while allowing them to gain a great rate of return when the market is up. No you don't. Oh, ya you have the PEP. The problem is that you HAVE to leave it in for TEN (10) years. What if they wanted to take it out after Five (5) years while the market is down. They LOOSE MONEY!!!!!! Remember, I have been securities licensed for two and a half years. That's longer than you have even been in PFS. When it comes to the Boomers, PFS and Citigroup do NOT have what the boomers need. Look around; DO THE RESEARCH!!!!!!!!!



Yes, a home based business magazine put PFS in as the Big winner. The month before, they did Pre-Paid Legal and for the first issue, they did a story on Hector. I know all about it. The Problem is that things have changed in the last year or so.



Primerica and Citigroup are interested in making a buck, PERIOD. DO THE RESEARCH!! Look at other companies and see what they are really teaching their clients. For three and a half years I just took the word of Addison and Williams and all the rest. I have Hector, Bill Whittle, Jim Myers, Andy Young, and so on, and so on tapes/ CDs-. If you just listen to Primerica, you will be as dooped as I was. DO THE RESEARCH!!!!!!!!!!!!!!!!!!!!!!! That's the only way you can know!

Respond to this report!
What's this?

#4 Consumer Comment

Primerica is not a job, it's an opportunity

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

POSTED: Monday, June 27, 2005

I have been a rep with Primerica for almost a year on a part-time basis, and I just went full-time this month after graduation from college. Primerica allowed me to nicely suppliment my income while in school, with the freedom and flexibillity to earn money on my own time. Now full time, I am in the process of building my own PFS business, by hiring and training others to do the same. I've read comments here that new recruits are exploited and there "warm market" was abused. Let me clarify how this really works.



A new recruit can recieve a full scholarship of $200 by completing our 30-day fast-start program. This program is in place to give the new recruit the best possible chance to succeed. Why do we train an unlicenced recruit in there own market? Because we average 8 to 10 referals per client, and if we were to train them in our own market, then those 48 to 60 referals would be ours, not the recruits. Training in thier own market gives them 48 to 60 referals to see as soon as they have completed training and get liscenced (30-day fast-start). and even if they only see half of those referals, and average 8 to 10 referals from each of them...well, you do the math.



While it is true that we have over 100,000 representatives, not all of them attain financial success here. We DO extend the opportunity to everyone who passes the background check, and it is true that anyone can win here. It is also true that not everyone will take the steps to try to make it here. This is not a get rich quick scheme, although it is possible to be earning 6 figures in a year or less time. The individuals who did this were EXTREMELY driven to succeed, so much that they were able to commit 100% of thier efforts here and not let life get in the way. they were completely consumed with following the system in place to succeed, and they did just that.



The problem is that many people just wont make that kind of commitment. Truthfully, most of them wont even come close, because it is too easy to make an excuse as to why this thing doesn't work, that it's too hard, that it's a scam, that I'm too busy for this, that I have other obligations to meet, that I need more training or education to do that...the list goes on and on. Truth is, if I told you that I would pay you a million dollars to try Primerica full force for one year, most of you would do it. You would do it because there is value to you if you do. In fact, if you knew that there was a chance that you might not get the money if you did not give at LEAST 100% of you effort, you would be motivated every day to get it done.



Therin lies the real issue of why people have bad things to say about Primerica. Since there are no guarantees...since you have to take a chance and actually work this thing in exactly the way it's laid out, people are quick to find the bad in it. The only place where success comes before work is in the dictionary. This business is no different than any other. Ask any successful person in business if they worked hard to get to where they are today.



The bottom line here is that the opportunity here is huge. The financial services industry has never had a larger market to work with, especially with the baby boomers nearing retirement age. Debt is at an all-time high, 1/3 of all Americans over the age of 25 have no life insurance, and with social security fading away more and more people understand the need to save for retirement. They can do all of that in a few hours time with a personal representative from PFS whom they can contact at ant time with any questions, rather than having three or four 800 numbers on file in the old Rolodex with all of the indiviual financial companies out there. And here at Primerica, we have perfected a system to give a person the opportunity to own thier own business with the largest financial services company in the world. The system works, if you work it, and this company has a book that proves it. The Financial Independence Council is comprised of almost 2000 people in this company who earn $100,000 per year or more, with some earning as much as $4,000,000 per year. What makes these people any different than you or me? They had a burning desire to own thier own business and win here, and they followed the system to do just that.



These are the facts. I strongly reccomend that you pick up the July 2005 issue of Success from Home magazine. Primerica is in no way affiliated with the magazine, yet they devoted the entire issue to the opportunity that have. Primerica is an incredible opportunity for a person who has an enormous desire to succeed financially. If this is your top priority, you cannot fail here. I will personally guarantee that. If winning is truly your top priority, then you wont let anything stand in you way. Anything else, and your just coming up with excuses.

Respond to this report!
What's this?

#3 Consumer Comment

Primerica is not a job, it's an opportunity

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

POSTED: Monday, June 27, 2005

I have been a rep with Primerica for almost a year on a part-time basis, and I just went full-time this month after graduation from college. Primerica allowed me to nicely suppliment my income while in school, with the freedom and flexibillity to earn money on my own time. Now full time, I am in the process of building my own PFS business, by hiring and training others to do the same. I've read comments here that new recruits are exploited and there "warm market" was abused. Let me clarify how this really works.



A new recruit can recieve a full scholarship of $200 by completing our 30-day fast-start program. This program is in place to give the new recruit the best possible chance to succeed. Why do we train an unlicenced recruit in there own market? Because we average 8 to 10 referals per client, and if we were to train them in our own market, then those 48 to 60 referals would be ours, not the recruits. Training in thier own market gives them 48 to 60 referals to see as soon as they have completed training and get liscenced (30-day fast-start). and even if they only see half of those referals, and average 8 to 10 referals from each of them...well, you do the math.



While it is true that we have over 100,000 representatives, not all of them attain financial success here. We DO extend the opportunity to everyone who passes the background check, and it is true that anyone can win here. It is also true that not everyone will take the steps to try to make it here. This is not a get rich quick scheme, although it is possible to be earning 6 figures in a year or less time. The individuals who did this were EXTREMELY driven to succeed, so much that they were able to commit 100% of thier efforts here and not let life get in the way. they were completely consumed with following the system in place to succeed, and they did just that.



The problem is that many people just wont make that kind of commitment. Truthfully, most of them wont even come close, because it is too easy to make an excuse as to why this thing doesn't work, that it's too hard, that it's a scam, that I'm too busy for this, that I have other obligations to meet, that I need more training or education to do that...the list goes on and on. Truth is, if I told you that I would pay you a million dollars to try Primerica full force for one year, most of you would do it. You would do it because there is value to you if you do. In fact, if you knew that there was a chance that you might not get the money if you did not give at LEAST 100% of you effort, you would be motivated every day to get it done.



Therin lies the real issue of why people have bad things to say about Primerica. Since there are no guarantees...since you have to take a chance and actually work this thing in exactly the way it's laid out, people are quick to find the bad in it. The only place where success comes before work is in the dictionary. This business is no different than any other. Ask any successful person in business if they worked hard to get to where they are today.



The bottom line here is that the opportunity here is huge. The financial services industry has never had a larger market to work with, especially with the baby boomers nearing retirement age. Debt is at an all-time high, 1/3 of all Americans over the age of 25 have no life insurance, and with social security fading away more and more people understand the need to save for retirement. They can do all of that in a few hours time with a personal representative from PFS whom they can contact at ant time with any questions, rather than having three or four 800 numbers on file in the old Rolodex with all of the indiviual financial companies out there. And here at Primerica, we have perfected a system to give a person the opportunity to own thier own business with the largest financial services company in the world. The system works, if you work it, and this company has a book that proves it. The Financial Independence Council is comprised of almost 2000 people in this company who earn $100,000 per year or more, with some earning as much as $4,000,000 per year. What makes these people any different than you or me? They had a burning desire to own thier own business and win here, and they followed the system to do just that.



These are the facts. I strongly reccomend that you pick up the July 2005 issue of Success from Home magazine. Primerica is in no way affiliated with the magazine, yet they devoted the entire issue to the opportunity that have. Primerica is an incredible opportunity for a person who has an enormous desire to succeed financially. If this is your top priority, you cannot fail here. I will personally guarantee that. If winning is truly your top priority, then you wont let anything stand in you way. Anything else, and your just coming up with excuses.

Respond to this report!
What's this?

#2 Consumer Comment

Primerica is not a job, it's an opportunity

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

POSTED: Monday, June 27, 2005

I have been a rep with Primerica for almost a year on a part-time basis, and I just went full-time this month after graduation from college. Primerica allowed me to nicely suppliment my income while in school, with the freedom and flexibillity to earn money on my own time. Now full time, I am in the process of building my own PFS business, by hiring and training others to do the same. I've read comments here that new recruits are exploited and there "warm market" was abused. Let me clarify how this really works.



A new recruit can recieve a full scholarship of $200 by completing our 30-day fast-start program. This program is in place to give the new recruit the best possible chance to succeed. Why do we train an unlicenced recruit in there own market? Because we average 8 to 10 referals per client, and if we were to train them in our own market, then those 48 to 60 referals would be ours, not the recruits. Training in thier own market gives them 48 to 60 referals to see as soon as they have completed training and get liscenced (30-day fast-start). and even if they only see half of those referals, and average 8 to 10 referals from each of them...well, you do the math.



While it is true that we have over 100,000 representatives, not all of them attain financial success here. We DO extend the opportunity to everyone who passes the background check, and it is true that anyone can win here. It is also true that not everyone will take the steps to try to make it here. This is not a get rich quick scheme, although it is possible to be earning 6 figures in a year or less time. The individuals who did this were EXTREMELY driven to succeed, so much that they were able to commit 100% of thier efforts here and not let life get in the way. they were completely consumed with following the system in place to succeed, and they did just that.



The problem is that many people just wont make that kind of commitment. Truthfully, most of them wont even come close, because it is too easy to make an excuse as to why this thing doesn't work, that it's too hard, that it's a scam, that I'm too busy for this, that I have other obligations to meet, that I need more training or education to do that...the list goes on and on. Truth is, if I told you that I would pay you a million dollars to try Primerica full force for one year, most of you would do it. You would do it because there is value to you if you do. In fact, if you knew that there was a chance that you might not get the money if you did not give at LEAST 100% of you effort, you would be motivated every day to get it done.



Therin lies the real issue of why people have bad things to say about Primerica. Since there are no guarantees...since you have to take a chance and actually work this thing in exactly the way it's laid out, people are quick to find the bad in it. The only place where success comes before work is in the dictionary. This business is no different than any other. Ask any successful person in business if they worked hard to get to where they are today.



The bottom line here is that the opportunity here is huge. The financial services industry has never had a larger market to work with, especially with the baby boomers nearing retirement age. Debt is at an all-time high, 1/3 of all Americans over the age of 25 have no life insurance, and with social security fading away more and more people understand the need to save for retirement. They can do all of that in a few hours time with a personal representative from PFS whom they can contact at ant time with any questions, rather than having three or four 800 numbers on file in the old Rolodex with all of the indiviual financial companies out there. And here at Primerica, we have perfected a system to give a person the opportunity to own thier own business with the largest financial services company in the world. The system works, if you work it, and this company has a book that proves it. The Financial Independence Council is comprised of almost 2000 people in this company who earn $100,000 per year or more, with some earning as much as $4,000,000 per year. What makes these people any different than you or me? They had a burning desire to own thier own business and win here, and they followed the system to do just that.



These are the facts. I strongly reccomend that you pick up the July 2005 issue of Success from Home magazine. Primerica is in no way affiliated with the magazine, yet they devoted the entire issue to the opportunity that have. Primerica is an incredible opportunity for a person who has an enormous desire to succeed financially. If this is your top priority, you cannot fail here. I will personally guarantee that. If winning is truly your top priority, then you wont let anything stand in you way. Anything else, and your just coming up with excuses.

Respond to this report!
What's this?

#1 Consumer Comment

Primerica is not a job, it's an opportunity

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

POSTED: Monday, June 27, 2005

I have been a rep with Primerica for almost a year on a part-time basis, and I just went full-time this month after graduation from college. Primerica allowed me to nicely suppliment my income while in school, with the freedom and flexibillity to earn money on my own time. Now full time, I am in the process of building my own PFS business, by hiring and training others to do the same. I've read comments here that new recruits are exploited and there "warm market" was abused. Let me clarify how this really works.



A new recruit can recieve a full scholarship of $200 by completing our 30-day fast-start program. This program is in place to give the new recruit the best possible chance to succeed. Why do we train an unlicenced recruit in there own market? Because we average 8 to 10 referals per client, and if we were to train them in our own market, then those 48 to 60 referals would be ours, not the recruits. Training in thier own market gives them 48 to 60 referals to see as soon as they have completed training and get liscenced (30-day fast-start). and even if they only see half of those referals, and average 8 to 10 referals from each of them...well, you do the math.



While it is true that we have over 100,000 representatives, not all of them attain financial success here. We DO extend the opportunity to everyone who passes the background check, and it is true that anyone can win here. It is also true that not everyone will take the steps to try to make it here. This is not a get rich quick scheme, although it is possible to be earning 6 figures in a year or less time. The individuals who did this were EXTREMELY driven to succeed, so much that they were able to commit 100% of thier efforts here and not let life get in the way. they were completely consumed with following the system in place to succeed, and they did just that.



The problem is that many people just wont make that kind of commitment. Truthfully, most of them wont even come close, because it is too easy to make an excuse as to why this thing doesn't work, that it's too hard, that it's a scam, that I'm too busy for this, that I have other obligations to meet, that I need more training or education to do that...the list goes on and on. Truth is, if I told you that I would pay you a million dollars to try Primerica full force for one year, most of you would do it. You would do it because there is value to you if you do. In fact, if you knew that there was a chance that you might not get the money if you did not give at LEAST 100% of you effort, you would be motivated every day to get it done.



Therin lies the real issue of why people have bad things to say about Primerica. Since there are no guarantees...since you have to take a chance and actually work this thing in exactly the way it's laid out, people are quick to find the bad in it. The only place where success comes before work is in the dictionary. This business is no different than any other. Ask any successful person in business if they worked hard to get to where they are today.



The bottom line here is that the opportunity here is huge. The financial services industry has never had a larger market to work with, especially with the baby boomers nearing retirement age. Debt is at an all-time high, 1/3 of all Americans over the age of 25 have no life insurance, and with social security fading away more and more people understand the need to save for retirement. They can do all of that in a few hours time with a personal representative from PFS whom they can contact at ant time with any questions, rather than having three or four 800 numbers on file in the old Rolodex with all of the indiviual financial companies out there. And here at Primerica, we have perfected a system to give a person the opportunity to own thier own business with the largest financial services company in the world. The system works, if you work it, and this company has a book that proves it. The Financial Independence Council is comprised of almost 2000 people in this company who earn $100,000 per year or more, with some earning as much as $4,000,000 per year. What makes these people any different than you or me? They had a burning desire to own thier own business and win here, and they followed the system to do just that.



These are the facts. I strongly reccomend that you pick up the July 2005 issue of Success from Home magazine. Primerica is in no way affiliated with the magazine, yet they devoted the entire issue to the opportunity that have. Primerica is an incredible opportunity for a person who has an enormous desire to succeed financially. If this is your top priority, you cannot fail here. I will personally guarantee that. If winning is truly your top priority, then you wont let anything stand in you way. Anything else, and your just coming up with excuses.

Respond to this report!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now