My husband had a company in which he earned a six-figure income. However he was tired of it after a number of years, it was hard work, and a great responsibility. He decided to sell eventually.
Shortly after he was approached by a Primerica Rep. who "interviewed" him. Actually, they are dying to hire anyone and everyone regardless of experience or anything else, so "intervie" seems to be the wrong word. This rep. really talked my husband up, building him up, talking about how as a rep. for Primerica he could stop working and spend more time with the family, play golf, travel, and make a six-figure income.
My husband came home hyped-up. He agreed to a follow-up interview. Soon he was invited to the weekly meeting. Here they had individuals stand up, all with impresive titles, and talking about what Primerica has done and could do for the new soon-to-be recruits. He was hooked.
He jumped right in. He was soon attending parties. Made to feel very important.
My husband has a low self-esteem and was the perfect target. Many of the reps began to convince him that if he had his wife's support and she joined also that he would be very successful and then we could operate as a "team". I was not interested as I have my own career passions and goals and did not agree to it. Yet when he received his first award they included my name on the certificate as well. I believe I had earned the title of district manager or something.
My husband soon was attending meetings, making appointments, on the phone, busting his butt for this company every minute of every day, yet barely earning a cent. Our family soon began to suffer financially as there was no paycheck coming in. It started to create a great financial strain and soon we were broke as he was not earning much of anything yet still meeting with people all day, signing new recruits and supposedly getting promotion after promotion which offers an impressive title and a higher commission. But a promotion does little good on no income.
His hours also started getting longer and longer as he was desperately trying to earn some money. His famous line for 2 years now is "it's ready to bust wide open". We have gone through every bit of our savings account. His friends have tried to talk some sense into him, but then the Primerica cult (sorry, it sure seems that way) comes about and makes more false hopes and dreams emerge as they show him pictures of Paris and how he can go there instead of looking at pictures, and soon his eyes glaze over and he is back at it. It has caused him to spend little to no time at all with his children, and he is gone an average of 6 nights a week, along with all the day hours he is investing in Primerica.
I would say that my husband averages about 70 hours a week on building his dream and wealth with Primerica, yet he earned a total of $5000 last year with Primerica.
I recently started going to the local food bank to help out with the groceries as we could not even afford to comfortably feed the family anymore. He doesn't seem to have a problem with this because it is "going to bust wide open" very soon. My husband is giving financial advice to others while his family is getting their groceries at the local food bank, something seems wrong with this picture.
Bottom line...Primerica's false hopes and promises have contributed in destroying a father, destroyed our family's financial security, and played a part in our upcoming divorce. I believe Primerica is not interested in my husband acheiving his wealth or dreams, rather in making fortune for themselves. My husband was a victim, a willing one, he was a fool that has lost most everything. I'm curious if there is anyone else with a similar story to tell.
Colorado Springs, Colorado
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