Primerica Friend got taken by Primerica Bellevue Nebraska

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*UPDATE: Primerica recognized by Rip-off Report a business opportunity well worth considering - it's not for everyone but many representatives make solid commission incomes. Primerica takes appropriate action against representatives conducting themselves improperly, pledges 100% commitment to customer service.

One of my friends fell for their line. I can't recall how much she paid, but it was $100's for signing up, taking insurance tests, real estate license, etc. We allowed her to come to our home with her recruiter. He wanted to sell us insurance. When we told him we had plenty ($75K for me, a stay-at-home-mom with children 10, 12 and 16; $600K for my husband). He then tried to convince us that even though our rates are LESS than he is charging, we should change because he can guarantee his rates won't change and my husband's employer can't do that.

My husband has been at that company over 10 years and their premium increase rate so far would still mean us paying less by staying where we are, but he tried to convince us that paying more for insurance would help us financially. How??? We did ask about an interest rate for re-financing our mortgage. He then told us that he couldn't give us a rate because "we don't do it like that". He 'explained' (actually avoided the question) by saying that what they do is a package so they don't actually have an interest rate. WHAT???

How can they write a mortage without an interest rate? I told him that I wasn't interested in insurance so if he wanted my business he would need to give me an interest rate. He declined. Now WHY would anybody who was honestly doing business (without trying to mislead somebody else and 'hide' in a package deal) not give me an interest rate.

I went so far as to tell him I would ABSOLUTELY give him my mortgage if he provided me with a rate that was the same or better than what my bank was offering. He never even returned my call.

Unfortunately for my friend, she is out all that money (got ZERO recruits. April will be 2 years since she signed up) and time she spent studying for all the tests.

Cecelia
Bellevue, Nebraska
U.S.A.