Primerica marketing markets predatory loans. FTC files charges. *REBUTTAL *EDitor's note: Why so many victims?

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*UPDATE: Primerica gets a POSITIVE rating from Rip-off Report in customer support & satisfaction. Primerica pledges to resolve complaints from the past, present and in the future, and give 100% commitment to customer service-say Company Executives!!

I just wanted to return to this site and say thank you for the fact that it exists - I spent a week reading, reading, reading posts - wondering why I kept filling my head with all this negative information about this company. Kept trying to convince myself that it was OK - waking up with a tightness in my chest every morning and generally feeling nauseated.



So - I'm reading, and reading, and reading - and noticing that Stuart, who responded to my post, posts a LOT - and then in the midst of a long post without nearly enough paragraph breaks on another Primerica thread on this site - I discover a link and mention of another company - and I hit their website and was stunned and amazed at the openness and honesty - they represent multiple carriers, they post their compensation schedule right out front for all to see, they don't require that you recruit in order to climb the compensation ladder.



My spirits lifted and I contacted an Executive VP with the company - within 15 minutes I had spoken with two very articulate, educated professionals on both coasts. Perhaps my research into Primerica was contrast, so I, who am new to financial services, would know the difference. They had not completed my app yet so I have informed my credit card company not to accept any charges from them and delivered a termination letter to my upline.



I'm going to try this other company - it already feels so much lighter, better and more above-board. My ethics were not happy - and I thought PFS was the only way to accomplish my goals. Now I feel I can serve both my financial and educational goals and sleep well at night, too. I don't need to hope that prospects don't know how to use Google - I can work with my own peer group and be successful.



So - apparently Source was nudging me to keep reading what was basically the same information on PFS over and over again so I could get the info I truly NEEDED!



Wish me luck and peace to you all.

There are two possible ways to get involved with primerica. As a new recruit, or as a new client. Either way, you will lose.



As a new recruit, they only want one thing from you. New leads to sell their insurance. Coming into the company, they require you to hand over a list of everyone you know. They will pair you up with an existing agent and the two of you will go sell to all the people on your list.



Because you're new, you won't have a clue about what you're putting your friends and relatives into. You're expected to sit there beside the agent, and get all excited about the garbage products. That will help push your friend into a purchase. Most times, the new client is actually pressured into that sale by the combined efforts of the agent and the friend in the company.



Once you're done with your list of leads, primerica is done with you. You won't get one dime in commission from anything that you helped to sell. Primerica simply used you to worm their way into the homes of your friends and family members. That's all they ever wanted from you in the first place.



As a new client, you'll be paying more and getting less. It's just that simple.



I don't care what you buy from either primerica or the parent company citi, you will pay more and end up getting less. Hundreds more. Thousands more. Maybe tens of thousands. We're not talking about only a few bucks extra. It all depends on what you buy and for how long. Can you afford to hand away extra money?



They have many ways to deceive you into making a purchase. They pretend to offer you education about finances. They claim they will help you get out of debt faster. They have one con game after another. They are like magicians. But, the only thing that will disappear is your money.



If you think I'm exaggerating about their products, simply ask for a quote. Then, compare it to the same product from another company.



No matter what you want to compare, the insurance, the mortgages, or the credit cards, you will pay more and get less.



That's exactly why everyone calls these crooks rip-offs. And, that's exactly why citi has trillions of dollars in stolen money.



Primerica and citi are no different than illegal drugs. There is no way to come out ahead by using them. Just like drugs, they fool you into believing something that is just not true. In the end, you walk away poorer, and hopefully wiser.



The smartest people will read this and avoid these crooks before they actually lose any money.

Cynthia says these two things:



(1) "To be honest, I was quite off-put by all the vagueness up front and have myself gotten the phone calls off of my Monster resume in the past. I hate the way they present up-front - I am a brutally honest person and see no reason not give people ALL the information." "My upline (who I just picked out of the phone book due to his proximity to my day job) was quite flummoxed by someone who walked in the door with a solid understanding of financial principles who was already ready to sign up - I had my own motives - licensing" Since Cynthia had been avoiding Primerica and then, all of a sudden, ran over to join up, it makes me wonder as there are other insurance companies that will pay for your licensing.



(2) "I don't necessarily see the MLM model as evil. It's a low-overhead way to market a product or service that puts the incentive and freedom directly in an individual's hands." "I'm a newbie and haven't gotten all the info yet" Why Cynthia got involved with a company she doesn't fully understand is a big question mark in my book? As far as it being a low-overhead operation, that works great for the fat cats. It's not low overhead for the frontline agents.



(3) "Offering a service and a plan to people who might spend their lives drifting financially is not predatory" You haven't read the postings on this website carefully. Primerica is a robber of

people's futures - both its agents and clients.



(4) "As others have pointed out, the products may not be the cheapest..." I'll make it more definite

as Primerica's own metamorphosis website says they're right up there as being the most expensive

around.



Are you a detective Cynthia checking out Primerica trying to find out what it's all about? You had the good sense to avoid them in the past. If you want to help out people, there are far more effective ways than Primerica to do so.

Hi folks. It's amazing the name-calling and childishness on both sides of this debate - but when one has the anonymity of the Internet, I notice manners go out the window - regardless of the cautions on this site against such behavior.



I'm brand new with Primerica - I have yet to experience an FNA or provide one, so I won't try to speak about that which I don't yet know. My goal is to become a CFP, and my CFP mentor advised me that the most convenient way to get my insurance and securities licenses and start getting some of the CFP experience requirement out of the way without quitting my day job was Primerica - she said I only had to make one sale a year to keep my licenses alive, without necessarily buying into the MLM stuff. (For those of you not in the know, you have to have a company "sponsor" you to get the licenses, and they typically want you to be their employee for that.) She said once I had passed the CFP exam and was ready to go out on my own and could use the CFP marks, I could then sign on with another broker/dealer. So I investigated Primerica under that premise.



To be honest, I was quite off-put by all the vagueness up front and have myself gotten the phone calls off of my Monster resume in the past. I hate the way they present up-front - I am a brutally honest person and see no reason not give people ALL the information. I also don't like how non-selective the company seems to be in its recruiting practices - it seems they recruit first, and let the licensing process winnow out later. My upline (who I just picked out of the phone book due to his proximity to my day job) was quite flummoxed by someone who walked in the door with a solid understanding of financial principles who was already ready to sign up - I had my own motives - licensing - and a get-rich-quick scheme was not part of it.



That said, I don't necessarily see the MLM model as evil. It's a low-overhead way to market a product or service that puts the incentive and freedom directly in an individual's hands. I took a very serious shot at Mary Kay over a decade ago - and it did not work for me, but it is my personal opinion that the day for stellar success in that company is long gone, and I have my theories on that but will not expound on them here. I do not accuse Mary Kay of trying to rip me off, however. All the motivational seminars, etc. are a part of any sales-heavy organization - be they a traditional corporate structure or something different like an MLM.



I have yet to see someone log on here and say, "I got a S.M.A.R.T. loan to consolidate my debt, followed the acceleration program for investing and retiring the debt that Primerica outlined to me, and fell flat on my face and am now living under a bridge." There's been lots of esoteric argument about interest rates on mortgages and the price of various term life insurance policies, but no former client has actually claimed to have worked the entire system and failed.



Here's what I have had to get "right" with about this process - I, and I am sure many of my esteemed fellow posters, are Internet- and finance-savvy. We will shop around via the Internet and the telephone and can compare apples to apples and know when we're being offered apples and oranges at different prices. We can research mutual funds, understand about the Rule of 72, and all that jazz. We are taking care of our own financial lives and doing it well and it is hard to imagine that the vast sea of middle America is NOT. So Primerica's presentation can seem oversimplified to us.



Offering a service and a plan to people who might spend their lives drifting financially is not predatory. As others have pointed out, the products may not be the cheapest - but what if Joe and Mary Smith don't HAVE enough insurance because no one explained it to them? What if they don't HAVE savings or retirement accounts because their mortgage payments and minimum consumer debt payments are about to crush them, forcing them to live paycheck-to-paycheck? And they don't have the motivation, self-esteem or education to research each of these products individually and put together their own plan? Do you really think they're going to walk in the door of a fee-for-service, non-commissioned CFP?



I'm a newbie and haven't gotten all the info yet, but it seems to be that Primerica sells hope and a plan to people who otherwise would not ever take control of their finances, out of sheer despondency. No, they're not doing it for free. That's not the way our economy works. But - if the client FOLLOWS THE ADVICE and sticks to the plan - something you cannot FORCE anyone to do - it seems to me to be a win/win situation. The potential client who is going to look at me across the kitchen table and say, "I can get a better consolidation loan," or "I can get a better term policy for less money" is probably not my client. They're savvy enough to do it on their own. I plan to then encourage that person to do the research, find out what they can, and give me a call if they don't feel they can do better. At least maybe they then know how MUCH coverage they really need, instead of just thinking, "Gee, $100,000 in face value seems like a lot of money."



I'm getting into finance because I want to help people and I like the money business, and my IT career seems permanently stalled - it's time to identify and pursue my passion. If it turns out Primerica is the thing and it feels ethically right to me, I'll give it my all. If it doesn't, I'll get my licenses, keep my day job, and slide on out the door - but you better bet that anyone who deals with me will get the benefit of my ethics, my intelligence, my honesty and what I already know about finance in general.



Once again - if you as a Primerica client have worked the overall plan and you're worse off than you were before, please post. If you know someone like that, please go find them and get them to post. I want to know.



And people need help. If anyone wants to found a non-profit organization to go and sit down with people and analyze their financial picture and make recommendations from ALL the products out there and put together a package for them for absolutely free, more power to them. I'll send a donation. After I become a CFP, maybe I'll tithe by donating some of my time to such an organization. But until then...



Peace to you all.

Quote:



"QUICK MATH QUIZ; I will keep it simple

out of 100 million families,(according to your math), we are only able to properly service 10%. That would equal 10 million families, that are not being serviced at all,( could it be that they are not worth your time and energy to help, or, more likely, helping them is not worth the commissions, because they are not preffered or standard,monied clients), using your logic, it only stands to reason that there is a need for what we do. I would gladly offer my time to try and give 10 million families a rudimentary knowledge of, how money works." Nice try David, but typical of a Primerican troll who slithers unto this site. You're saying it's okay to rob 90 million families to make it alright for the 10 million families - sort of robbing St. Peters to give to Paul (remember the original statement I responded to was the allegation about Primerica being a full financial services company).



Quoting again:



"To the " gentleman", whom, told me to crawl back under the rock that I slimed from.., How many times have you donated your time; to speak with the elderly in your neighborhood? They have stories to tell. to work in a soup line to help feed the hungry and less fortunate in our society? donated or helped to distribute clothing? volunteered to help with showing less fortunate children a different way of life,( picnics, beach trips, sports)? shovelled your disabled neighbors walkway, and asked if they needed anything?"



To the gentleman who Primerica sent over to do some trolling. Have you ever freely helped people find jobs with nothing more than a thank you from those you helped or tried to help? Pretending to be like a minister isn't going to cut it here.



One more quote:



"Remember there are THREE sides to every story; your side, my side, and somewhere in the mix, THE TRUTH." The "TRUTH" is the thousands of negative postings against Primerica on Ripoff Report which you and the other Primerican snakes haven't responded to.

I don't care what the people at primerica drive. I'm certainly not jealous of anyone with a Mercedes or a Ferrari. Those cars might impress a shallow, high-maintenance woman who is sitting around waiting for a handout. But, those are the kind that you want to avoid anyway.



What does bother me is how they earned the money needed to buy those automobiles. Chances are, at primerica and citi, they used some kind of fraud.



You see, that's what these two companies do. Primerica defrauds the new recruits. They also defraud people into buying their policies. Yeah, you might claim that customers buy because of the extra service. But, many companies will give you service and attention if they know you need insurance. Primerica isn't the only company to do that. However, by coming directly into your home and claiming to educate you about money, primerica is able to force a purchase that they normally would never get, if their products were compared based on their actual merits.



That's just two of the frauds here. Primerica's recruiting and their claim of financial education.



As for the parent company, citi, why, they are nothing but scams. Every day, they are in the news about some kind of crooked scheme. Hell, you can't even begin to make a dispute there. There is just so much negative information out there on citi.



So, what is the public supposed to think here?



Both of these companies are running scams on the public. How can either of them be trusted to help the public with their investment or financial goals?



Especially when we see that citi has already stolen trillions of dollars in scams so far?



How can anyone begin to trust them to not try for another trillion?



We can't.



That's exactly what sites like this one were created for. To make the public aware of frauds like this, before they steal more money from the public.



Each of those trillion dollars that citi and primerica stole is money that a family could have used to better their lives. For themselves, and their children.



Now, ask yourself, who deserves that money more, citi and primerica, or the Americans who actually did the work to earn it in the first place?



That's the reason why everyone here is so down on your scams and insurance frauds. It's because most people outside of primerica and citi understand the difference between right and wrong.

You say:



"...all of this mud slinging, against PRIMERICA. Most of the criticism is aimed at the parent company." The criticism on Primerica is well deserved. If you check the reports more carefully,

you'll see that Primerica gets more criticized than their parent, Citigroup.



"most of us do this part time and have other jobs, we can leave whenever we choose." In fact Primerica has a huge agent turnover so this has to be true.



"we offer everyone,(before we attempt to sell anything) a chance to join our company and to see for themselves exactly how we do business, how many of you are selling things to people and are willing to let them enter into your business and see if you are selling them the proper products?" What you haven't mentioned is that Primerica is primarily interested in a recruit's warm market and has no interest in providing professional training to the recruit so that he or she can understand the industry and what competition has to offer (in fact this is often discouraged).



"most of us,( as stated over and over), do not make tons of money on commissions, consequently greed is not our prime motivating factor,( our liveleyhood is not totally dependent on commissions- ARE YOURS?)." On average Primericans make less than minimum wage - burger flippers make

more.



"most of us do not, " bust our behinds day and night", and even if we did.., would that not constitute a great work ethic? most of us are everyday people, from all walks of life, with a true desire to make a difference. Can "100,000 people", all be bad, all be wrong, all accept being rejected day in and day out, because we have the need to rip people off?" Paul from Brooklyn who's a Primerican agent already stated that you do have bust your behinds to get ahead in Primerica. I'm sure most of the frontline agents are honest, although not very knowledgable in regards to the insurance industry. However the fat cats upstairs in this pyramid-schemed company have demonstrated a total disregard for both its customers and frontline agents getting ripped off.



"Are you willing to make less on commissions, in order to build a personal relationship with your clients?" Would anybody in their right minds want to make less commission just to get more personal with their clients?



"Help us,"100,000", to take our licenses and find a better way to reach the millions of under or not served at all AMERICANS, who just happen to need the knowledge that we posess." The blind leading the blind.



"Please name an Insurance company that is willing to sell it's LOWEST COST products to it's clients, each and every time, to maximize their coverage, to give them personal service,( even after business hours), to give their clients a chance to be a co-worker and learn the business." A problem with Primerica is that it sells an overpriced piece of garbage that's worthless to over 90% of their customers. As far as learning the business goes, that's a joke.



With regards to personal relationships, that's also a joke. No agent really has the time to do that (keep in mind that Primericans normally work

two jobs). There are many things an agent must do to build a downline which is the only way to get ahead at Primerica so forget about personal relationships with the customers, just not feasible.

I am curious?

To the gentleman, whom, had to park in the back, near the dumpster and picker bushes. Are you mad at the rip off aspect, or the fact that you didn't have a Mercedes? You have yet to enumerate exactly how you were ripped off.., but your envy and covetness of what others have as toys shines through. I am reminded of the kid, whom is not choosen to play, so because it's his ball, he takes it home so that no one can play. I just so happen to park in front of our base shop, right next to the Caravans, trucks, Camrys, Fords, Dodges, and so on. Not in the back.If you are going to paint a picture, paint the whole picture.



To the " gentleman", whom, told me to crawl back under the rock that I slimed from.., How many times have you donated your time;

to speak with the elderly in your neighborhood? They have stories to tell.



to work in a soup line to help feed the hungry and less fortunate in our society?

donated or helped to distribute clothing?

volunteered to help with showing less fortunate children a different way of life,( picnics, beach trips, sports)?



shovelled your disabled neighbors walkway, and asked if they needed anything?

You also stated that 90% of the time we do not have the product line to properly service families.



QUICK MATH QUIZ; I will keep it simple

out of 100 million families,(according to your math), we are only able to properly service 10%. That would equal 10 million families, that are not being serviced at all,( could it be that they are not worth your time and energy to help, or, more likely, helping them is not worth the commissions, because they are not preffered or standard,monied clients), using your logic, it only stands to reason that there is a need for what we do. I would gladly offer my time to try and give 10 million families a rudimentary knowledge of, how money works.



As far as sliming out from under a rock.., if the things I do with my time, make me slimey.., I submit, you would probably need a 28 foot extension ladder just to reach the slimey soles of people,like me, who strive to make this a better world for others, and are not part of the " ENTITLEMENT, me first crowds", feet.

I humbly ask all of you, pro and con, to judge a person by their deeds, and not the rhetoric of the disgruntled. Remember there are THREE sides to every story; your side, my side, and somewhere in the mix, THE TRUTH.

David,



None of my friends who work in Primerica have told me about this motto. Did you just invent this phrase and claim it to be Primeica's motto? Afterall, Primerca's motto is "Buy term and invest the difference" and your mission is "to help families become debt free and financially independent". This is stated clearly in Primerica's website. Please get your facts straight about your own company.



Show us the source that says "Primerica has more agents than the whole of the insurance industry combined". Is this another one of your self-invented claims? If I am wrong, do let me know. Otherwise, please don't make false claims, as you certainly don't want to further damage the reputation of your company. Also, when there are over 100,000 people at Primerica, how can you possiblity speak for all of them by keep saying "most of us do this and most of us don't do this"? You don't even know most of them. Are your claims another example of your factless statements?



Why does anyone even need to challenge you about the rule of 72? Is this the only thing you've learned at Primerica? The rule of 72 just calculates the amount of years it will take your investment to double. Assuming your rate of return each year is p, the number of year it takes to doubles is 72/p. This is just a very simple concept that says the higher is the rate of return, the quicker it takes to have your money double. How would that help your client? It doesn't tell them what type of investment to make based on their current financial situation.



BTW, anyone who knows about logarithms can easily derive the rule of 72. Given your average rate of return is P (in percentage) and you have invested for n years, it will take (100* ln(2)/p) years for your investment to double. 100*ln(2) is approximiately equal to 69.31472, and not 72. Since this number is close to 72, and that 72 is is a nice number that because it is is divisible by 2, 3, 4, 6, 8, 9, and 12, people will use the number 72 assuming your rate of return is 2%, 3%, 4%, 6%, 8%, or 12% each year. Did they teach you this at Primerica? Or did they just ask you believe the rule of 72 without understanding how it was derived in the first place? Rule of 72 is a very simple math concept. Why are you making such a big deal about it by saying that nobody has challenged you? You did not responding to any of Stuart's questions yourself.



Do yourself and Primerica a favour by stop behaving so unprofessonally while posting messages on the Interent under Primerca's name. Do you think publicly accusing others of being ignorant is a good way to represent your company? Is it professinal to tell people to "crawl back to your comfort zone"? I certainly have no interest of asking people who are so unprofessional to advice me with my financal situation.

David,



None of my friends who work in Primerica have told me about this motto. Did you just invent this phrase and claim it to be Primeica's motto? Afterall, Primerca's motto is "Buy term and invest the difference" and your mission is "to help families become debt free and financially independent". This is stated clearly in Primerica's website. Please get your facts straight about your own company.



Show us the source that says "Primerica has more agents than the whole of the insurance industry combined". Is this another one of your self-invented claims? If I am wrong, do let me know. Otherwise, please don't make false claims, as you certainly don't want to further damage the reputation of your company. Also, when there are over 100,000 people at Primerica, how can you possiblity speak for all of them by keep saying "most of us do this and most of us don't do this"? You don't even know most of them. Are your claims another example of your factless statements?



Why does anyone even need to challenge you about the rule of 72? Is this the only thing you've learned at Primerica? The rule of 72 just calculates the amount of years it will take your investment to double. Assuming your rate of return each year is p, the number of year it takes to doubles is 72/p. This is just a very simple concept that says the higher is the rate of return, the quicker it takes to have your money double. How would that help your client? It doesn't tell them what type of investment to make based on their current financial situation.



BTW, anyone who knows about logarithms can easily derive the rule of 72. Given your average rate of return is P (in percentage) and you have invested for n years, it will take (100* ln(2)/p) years for your investment to double. 100*ln(2) is approximiately equal to 69.31472, and not 72. Since this number is close to 72, and that 72 is is a nice number that because it is is divisible by 2, 3, 4, 6, 8, 9, and 12, people will use the number 72 assuming your rate of return is 2%, 3%, 4%, 6%, 8%, or 12% each year. Did they teach you this at Primerica? Or did they just ask you believe the rule of 72 without understanding how it was derived in the first place? Rule of 72 is a very simple math concept. Why are you making such a big deal about it by saying that nobody has challenged you? You did not responding to any of Stuart's questions yourself.



Do yourself and Primerica a favour by stop behaving so unprofessonally while posting messages on the Interent under Primerca's name. Do you think publicly accusing others of being ignorant is a good way to represent your company? Is it professinal to tell people to "crawl back to your comfort zone"? I certainly have no interest of asking people who are so unprofessional to advice me with my financal situation.

David,



None of my friends who work in Primerica have told me about this motto. Did you just invent this phrase and claim it to be Primeica's motto? Afterall, Primerca's motto is "Buy term and invest the difference" and your mission is "to help families become debt free and financially independent". This is stated clearly in Primerica's website. Please get your facts straight about your own company.



Show us the source that says "Primerica has more agents than the whole of the insurance industry combined". Is this another one of your self-invented claims? If I am wrong, do let me know. Otherwise, please don't make false claims, as you certainly don't want to further damage the reputation of your company. Also, when there are over 100,000 people at Primerica, how can you possiblity speak for all of them by keep saying "most of us do this and most of us don't do this"? You don't even know most of them. Are your claims another example of your factless statements?



Why does anyone even need to challenge you about the rule of 72? Is this the only thing you've learned at Primerica? The rule of 72 just calculates the amount of years it will take your investment to double. Assuming your rate of return each year is p, the number of year it takes to doubles is 72/p. This is just a very simple concept that says the higher is the rate of return, the quicker it takes to have your money double. How would that help your client? It doesn't tell them what type of investment to make based on their current financial situation.



BTW, anyone who knows about logarithms can easily derive the rule of 72. Given your average rate of return is P (in percentage) and you have invested for n years, it will take (100* ln(2)/p) years for your investment to double. 100*ln(2) is approximiately equal to 69.31472, and not 72. Since this number is close to 72, and that 72 is is a nice number that because it is is divisible by 2, 3, 4, 6, 8, 9, and 12, people will use the number 72 assuming your rate of return is 2%, 3%, 4%, 6%, 8%, or 12% each year. Did they teach you this at Primerica? Or did they just ask you believe the rule of 72 without understanding how it was derived in the first place? Rule of 72 is a very simple math concept. Why are you making such a big deal about it by saying that nobody has challenged you? You did not responding to any of Stuart's questions yourself.



Do yourself and Primerica a favour by stop behaving so unprofessonally while posting messages on the Interent under Primerca's name. Do you think publicly accusing others of being ignorant is a good way to represent your company? Is it professinal to tell people to "crawl back to your comfort zone"? I certainly have no interest of asking people who are so unprofessional to advice me with my financal situation.

David,



None of my friends who work in Primerica have told me about this motto. Did you just invent this phrase and claim it to be Primeica's motto? Afterall, Primerca's motto is "Buy term and invest the difference" and your mission is "to help families become debt free and financially independent". This is stated clearly in Primerica's website. Please get your facts straight about your own company.



Show us the source that says "Primerica has more agents than the whole of the insurance industry combined". Is this another one of your self-invented claims? If I am wrong, do let me know. Otherwise, please don't make false claims, as you certainly don't want to further damage the reputation of your company. Also, when there are over 100,000 people at Primerica, how can you possiblity speak for all of them by keep saying "most of us do this and most of us don't do this"? You don't even know most of them. Are your claims another example of your factless statements?



Why does anyone even need to challenge you about the rule of 72? Is this the only thing you've learned at Primerica? The rule of 72 just calculates the amount of years it will take your investment to double. Assuming your rate of return each year is p, the number of year it takes to doubles is 72/p. This is just a very simple concept that says the higher is the rate of return, the quicker it takes to have your money double. How would that help your client? It doesn't tell them what type of investment to make based on their current financial situation.



BTW, anyone who knows about logarithms can easily derive the rule of 72. Given your average rate of return is P (in percentage) and you have invested for n years, it will take (100* ln(2)/p) years for your investment to double. 100*ln(2) is approximiately equal to 69.31472, and not 72. Since this number is close to 72, and that 72 is is a nice number that because it is is divisible by 2, 3, 4, 6, 8, 9, and 12, people will use the number 72 assuming your rate of return is 2%, 3%, 4%, 6%, 8%, or 12% each year. Did they teach you this at Primerica? Or did they just ask you believe the rule of 72 without understanding how it was derived in the first place? Rule of 72 is a very simple math concept. Why are you making such a big deal about it by saying that nobody has challenged you? You did not responding to any of Stuart's questions yourself.



Do yourself and Primerica a favour by stop behaving so unprofessonally while posting messages on the Interent under Primerca's name. Do you think publicly accusing others of being ignorant is a good way to represent your company? Is it professinal to tell people to "crawl back to your comfort zone"? I certainly have no interest of asking people who are so unprofessional to advice me with my financal situation.

Why do people go to a bar and pay more than double for a drink? Why do people shop at stores such as Nordstroms, and pay higher prices? why do large corporations, such as Walmart, employ greeters? How many of you are old enough to remember the neighborhood milkman? The neighborhood Pharmacy/magazine/soda fountain? The soda/seltzer deliveryman? The knife sharpening truck? Why do people pay more for ice cream, from the neighborhood ice cream truck? How many of you remember the neighborhood shoe shop? What do all of these things have in common? PERSONAL RELATIONSHIPS!

I will not return your insults. I was taught," do not argue with ignorant people.., they will beat you with experience every time,".

I see a recurring theme in all of this mud slinging, against PRIMERICA. Most of the criticism is aimed at the parent company. Let's look at the definition of ignorance, making a decision without getting all of the facts. You wish for everyone to take your word, that we are captives, liars, greedy theives. I respectfully submit these opposing views;

1) most of us do this part time and have other jobs, we can leave whenever we choose.

2) we offer everyone,(before we attempt to sell anything) a chance to join our company and to see for themselves exactly how we do business, how many of you are selling things to people and are willing to let them enter into your business and see if you are selling them the proper products?



3) most of us,( as stated over and over), do not make tons of money on commissions, consequently greed is not our prime motivating factor,( our liveleyhood is not totally dependent on commissions- ARE YOURS?).



5) most of us do not, " bust our behinds day and night", and even if we did.., would that not constitute a great work ethic? most of us are everyday people, from all walks of life, with a true desire to make a difference. Can "100,000 people", all be bad, all be wrong, all accept being rejected day in and day out, because we have the need to rip people off?

Please name an Insurance company that is willing to sell it's LOWEST COST products to it's clients, each and every time, to maximize their coverage, to give them personal service,( even after business hours), to give their clients a chance to be a co-worker and learn the business.

I find it humorous that not one of you challenged me about," THE RULE OF 72", can it be, IF YOUR CLIENTS KNEW, they might actually look at you, and the products that you are selling them, in a different light? Are you willing to talk to your clients, after business hours, if they have questions or concerns? Are you willing to make less on commissions, in order to build a personal relationship with your clients? Are you in it only for the money or the feeling of accomplishment when you help someone else to make a reasonably informed decision, whether they purchase from you or not? I AM!

Let's stop the denigration, if you truly have a better way to do something.., DO IT. Help us,"100,000", to take our licenses and find a better way to reach the millions of under or not served at all AMERICANS, who just happen to need the knowledge that we posess. The big insurance companies are not going to hire us, people are getting laid off daily. We have more licensed agents than the whole of the insurance industry combined. Why? Is it easier to market on the TV OR THE INTERNET, than to reach out and personally talk to potential clients? Is it easier to have a client on an automated and impersonal phone system for over fifteen minutes, before they can talk to an operator, whom switches them to another department, which in turn switches them to another department? YES IT IS! Repsectfully I submit, PRIMERICA, may not be the best, may need to tweak its product line, and indeed can not make everyone happy, yet I guarantee that neither can you! I like millions of other, AMERICANS, are willing to pay more for services that give the personal touch and don't make me feel that I am being taken for granted, just like the people that frequent bars and taverns, just like the Nordstroms shopper, I deserve to be treated like a person, not just a case # on an automated phone system.

By the way; our motto is,"GOD FIRST,FAMILY SECOND, COUNTRY THIRD, THEN BUSINESS. PRIMERICANS ARE SOME OF THE MOST SELFLESS, PATRIOTIC, LOVING and GIVING people in these United States of America. You may HATE our parent company and write terrible things about it, that is your right, (guaranteed by our very CONSTITUTION), please stop calling us derogatory names we are people just like you, whom CHOOSE to march to a different drummer, FREEDOM OF CHOICE, WAS GIVEN TO EACH OF US, BY A MUCH HIGHER POWER. Whether you agree with me ,or not, may peace find your heart and reside there.

Here's my commentary. Quote:



"In actuality we are a full service financial company,..." Since when? You don't have the products and flexibility to service a family properly over 90% of the time.



"If you search hard enough to find something wrong with anything or anyone.., odds are that you will find what you are looking for." It's easy enough to do that on Ripoff Report and other websites in regards to Primerica.



"I am willing to wager that the majority of, you haters, are either insurance agents/brokers, mortgage agents/brokers, or just the lazy few whom never really took advantage of what PRIMERICA has to offer" I'm still trying to figure out what Primerica has to offer.



"It is always easier to criticize someone or something, than to try and make them or it better." You mean that Primerica is going to reform?



"If the people of goodwill sided with you.., slavery would probably still be legal." Primerica

recognizes its own version of slavery with its captive agents.



"I know the difference between right and wrong."

Then why are you with Primerica?



"Until one of you haters decides to become a leader and start a company that can and will do it better, just crawl back into your nice warm little comfort zones, and let the visionaries do their thing." Many outstanding insurance companies have been started before Primerica came around - why don't you crawl back under YOUR rock that you slimed out of and let others help out the victims of Primerica?

Primerica at a glance, through the smoke and mirrors.



*More than 100,000 representatives across North America. Of course, each new month, half of them will quit. But, that's OK cause we already got what we wanted out of them. We will need to lie to new people in order to replace them. We call that recruiting. The ripoffreport calls that fraud, but that is such a harsh word, you know? We're just having a little fun here.



*Now expanding internationally through CitiSolutions (UK) and Citisoluciones (Spain). Why stop at North America when we can cheat the world, one family at a time? Oh, yeah!



*Stellar industry ratings. Of course, every one of those ratings was bought and paid for with bribes. Business as usual!



*Dedicated leadership with a vision for the future. In the future, we will own everything you have now. Seems fair to us!



*Subsidiary of Citigroup. Yes, that's the same citigroup that was in the enron and worldcom scams. We're back for more and we ain't going home empty-handed!



Primerica is in the business of changing lives (our lives, not yours). We fulfill our deviant mission to keep families in debt to us for life and financially broke in a variety of ways. First, we change all your loans over to citi instead of other banks. And, then citi cheats you with way higher interest and fees. All in all, not a bad deal for those of us here at primerica and citi. Cha-ching!



Through false education

We pretend to teach people how money works so that we can force them to buy our overpriced trash. A combination of resources including our Fraudulent Needs Analysis (FNA), a variety of propaganda brochures, and a phony web site confuse the rules of money enough to let us sell you all kinds of worthless garbage. As part of the FNA, our scammer pressures families in their own homes and deceives them on how money works. Going in, our guy tells you it's completely free of charge, but he'll be pissed as hell if you don't buy anything. Don't think that he's just going to go away empty-handed. For educational information, check out just how many complaints there are here, just on this one site, the ripoffreport. You can plainly see that we've been cheating people left and right.



Through financial solutions

When a family of suckers doesn't understand how money works, it becomes easy as hell for us to sell them just about any of the crap we offer. Primerica offers a variety of customized products and services designed to make us far richer than we already are. For example, we have no problem with cheating families out of their income, reducing their savings, and ripping them off both short and long-term. As for things like college and retirement, well you can forget about them. Once we get out hooks in you, we'll own you, boy.



Through our Business Opportunity scam

Perhaps the most exciting way in which Primerica screws people is through our phony business opportunity. New victims have to bust their a*s night and day trying to find someone stupid enough to buy the insurance trash. But hell, we don't care. We like watching the idiots running around like chickens with their heads cut off. Best of all, we maintain control of their income and keep them right down at the bottom, where the suckers belong. Naturally, the new suckers will never reach leadership positions. That's just not possible. Hell, our con is so good that people from all types of work backgrounds fall for it day in and day out. You don't need to look in your local yellow pages, we'll be calling you any day now. So, you better have our $200 and the list of new suckers that we require ready and waiting. We can also charge you a large fee to stop by at a Primerica office near you. But, be warned, don't any of you fools dare to park in one of the good spots in the front with all the Ferraris and Mercedes. No way, jose! Losers like you get to park way over there, in the back, next to the dumpsters and picker bushes.

I am responding to all of the insults that are being hurled at PRIMERICA and it's REPRESENTATIVES. WHY SO MUCH HATE? I read that we are UNEDUCATED. I guess you have to be UNEDUCATED in order to PASS STATE EXAMS for the LIFE INSURANCE LICENSE,( Which all agents and brokers MUST PASS). I presume you must also be UNEDUCATED to pass the SERIES 6 & 63 EXAMS too. I would venture to guess that all of YOU have taken these exams, PASSED THEM, and have the right to call us UNEDUCATED. I also read that we are in a CULT. I seem to recall CHRISTIANITY was considered a CULT? LOOK HOW THEY TURNED OUT. I know that some moron will believe that I am comparing PRIMERICA to CHRISTIANITY, the rest of you will, I hope, understand that I am using SARCASM. The $199.00 tuition has been well worth it, for me. I am willing to bet that, most of you educated people have no idea as to what the RULE of 72 is. Most of the people harping on the TERM INSURANCE PART of our PRODUCT LINE, fail to mention that we also give advice on investing the difference, and also offer a range of debt consolodation and mortgage products.In actuality we are a full service financial company, ONE STOP SHOPPING ANYONE? Ask your mortgage broker how to save for retirement? Do you truly believe that they care about your life insurance, your finances, your goals and aspirations? DREAM ON. Ask your insurance agent,(if you can find him),to offer solutions to your debt load. THINK HE REALLY CARES? Let's be realistic; If you search hard enough to find something wrong with anything or anyone.., odds are that you will find what you are looking for.



I am willing to wager that the majority of, you haters, are either insurance agents/brokers, mortgage agents/brokers, or just the lazy few whom never really took advantage of what PRIMERICA has to offer.It is always easier to criticize someone or something, than to try and make them or it better. As far as the recruiting aspect of PRIMERICA goes,you are not forced to recruit. You can just as easily sell the concepts. If your clients see the value in what you do.., they will recruit themselves. If George Washington listened to you.., we would still be a colony of the British. If the people of goodwill sided with you.., slavery would probably still be legal. If the Europeans listened to you.., the earth would be flat, and you would not even be here to denigrate us, without giving constructive solutions to your percieved problems with our company.I personally am much better off since I came into contact with PRIMERICA. I know the difference between right and wrong. I am not now, nor have I ever been a mindless follower of the Status Quo. Leaders take risks, leaders lead, leaders take the blame, leaders accept the consequences and the accolades. PRIMERICA may not be the perfect company that you want it to be. Until one of you haters decides to become a leader and start a company that can and will do it better, just crawl back into your nice warm little comfort zones, and let the visionaries do their thing.

1 Lots of advisors will see a client in their own home. Regardless of socio-economic standing.



2 You don't actually help people if your products are more expensive to achieve the exact same result. Generally, the least expensive term insurance will be the best option. There is nothing that Primerica offers that isn't available at a better price elsewhere. Same features. Same quality.



3 While no one COMPANY has all the answers, an independent advisor CAN have all the answers. That is the purpose of being independent. We provide OPTIONS and ALTERNATIVES.



4 What you call a basic financial education is like saying the directions on a bottle of Acetominophen is a basic medical education. The FNA is next to useless as a planning tool, which is why PFS explicitly must state that it is not a financial plan. No, I certainly don't think everyone needs an expensive financial plan, but I can provide more meaningful advice to a client in five minutes than an FNA will. And so what if it is "free". The idea is to use it to generate commission income on an expensive product. How "free" is an FNA now? It isn't free just because there is no direct charge for it.



5 PFS agents know how to deal with "bumps in the road"? Sure, thousands of ex-PFS reps have claimed that over the years. "Fake it 'til you make it!" Right. Usually they slink into the night as soon as their recommendations are addressed by a qualified advisor. They vanish. They disappear. How exactly does a PFS agent refute a better insurance rate and better debt financing? Better terms? Better options? Well, they might accuse the person of being a loser. That they are lazy. "Enjoy your J-O-B" they'll say. It's because they failed at the "opportunity". Just pick any canned response your RVP gave you.



You want to work at Primerica? Fine, but take your blinders off. Do some independent research. Take a course. Why don't you obtain your CFP designation? According to some posters, all it takes is a simple little test. Oh yeah, your RVP might not want you to. Because then you would be bound by a separate code of ethics, and unfortunately they would preclude you from being able to sell the products PFS offers. Oh well, why not invent a meaningless title for yourself, like "PFA". Oh, you've already done that? Why does the investing community not recognize the designation? What? There is no educational requirements? No regulation? It only concerns PFS proprietary products? Hmmmmmmmmmmmm.



By the way, "Lonnie", the number of term policies that expire without paying claims is just over 98%, not 83%. Less than 2% of term policies are ever expected to pay a death benefit.

1 Lots of advisors will see a client in their own home. Regardless of socio-economic standing.



2 You don't actually help people if your products are more expensive to achieve the exact same result. Generally, the least expensive term insurance will be the best option. There is nothing that Primerica offers that isn't available at a better price elsewhere. Same features. Same quality.



3 While no one COMPANY has all the answers, an independent advisor CAN have all the answers. That is the purpose of being independent. We provide OPTIONS and ALTERNATIVES.



4 What you call a basic financial education is like saying the directions on a bottle of Acetominophen is a basic medical education. The FNA is next to useless as a planning tool, which is why PFS explicitly must state that it is not a financial plan. No, I certainly don't think everyone needs an expensive financial plan, but I can provide more meaningful advice to a client in five minutes than an FNA will. And so what if it is "free". The idea is to use it to generate commission income on an expensive product. How "free" is an FNA now? It isn't free just because there is no direct charge for it.



5 PFS agents know how to deal with "bumps in the road"? Sure, thousands of ex-PFS reps have claimed that over the years. "Fake it 'til you make it!" Right. Usually they slink into the night as soon as their recommendations are addressed by a qualified advisor. They vanish. They disappear. How exactly does a PFS agent refute a better insurance rate and better debt financing? Better terms? Better options? Well, they might accuse the person of being a loser. That they are lazy. "Enjoy your J-O-B" they'll say. It's because they failed at the "opportunity". Just pick any canned response your RVP gave you.



You want to work at Primerica? Fine, but take your blinders off. Do some independent research. Take a course. Why don't you obtain your CFP designation? According to some posters, all it takes is a simple little test. Oh yeah, your RVP might not want you to. Because then you would be bound by a separate code of ethics, and unfortunately they would preclude you from being able to sell the products PFS offers. Oh well, why not invent a meaningless title for yourself, like "PFA". Oh, you've already done that? Why does the investing community not recognize the designation? What? There is no educational requirements? No regulation? It only concerns PFS proprietary products? Hmmmmmmmmmmmm.



By the way, "Lonnie", the number of term policies that expire without paying claims is just over 98%, not 83%. Less than 2% of term policies are ever expected to pay a death benefit.

1 Lots of advisors will see a client in their own home. Regardless of socio-economic standing.



2 You don't actually help people if your products are more expensive to achieve the exact same result. Generally, the least expensive term insurance will be the best option. There is nothing that Primerica offers that isn't available at a better price elsewhere. Same features. Same quality.



3 While no one COMPANY has all the answers, an independent advisor CAN have all the answers. That is the purpose of being independent. We provide OPTIONS and ALTERNATIVES.



4 What you call a basic financial education is like saying the directions on a bottle of Acetominophen is a basic medical education. The FNA is next to useless as a planning tool, which is why PFS explicitly must state that it is not a financial plan. No, I certainly don't think everyone needs an expensive financial plan, but I can provide more meaningful advice to a client in five minutes than an FNA will. And so what if it is "free". The idea is to use it to generate commission income on an expensive product. How "free" is an FNA now? It isn't free just because there is no direct charge for it.



5 PFS agents know how to deal with "bumps in the road"? Sure, thousands of ex-PFS reps have claimed that over the years. "Fake it 'til you make it!" Right. Usually they slink into the night as soon as their recommendations are addressed by a qualified advisor. They vanish. They disappear. How exactly does a PFS agent refute a better insurance rate and better debt financing? Better terms? Better options? Well, they might accuse the person of being a loser. That they are lazy. "Enjoy your J-O-B" they'll say. It's because they failed at the "opportunity". Just pick any canned response your RVP gave you.



You want to work at Primerica? Fine, but take your blinders off. Do some independent research. Take a course. Why don't you obtain your CFP designation? According to some posters, all it takes is a simple little test. Oh yeah, your RVP might not want you to. Because then you would be bound by a separate code of ethics, and unfortunately they would preclude you from being able to sell the products PFS offers. Oh well, why not invent a meaningless title for yourself, like "PFA". Oh, you've already done that? Why does the investing community not recognize the designation? What? There is no educational requirements? No regulation? It only concerns PFS proprietary products? Hmmmmmmmmmmmm.



By the way, "Lonnie", the number of term policies that expire without paying claims is just over 98%, not 83%. Less than 2% of term policies are ever expected to pay a death benefit.

1 Lots of advisors will see a client in their own home. Regardless of socio-economic standing.



2 You don't actually help people if your products are more expensive to achieve the exact same result. Generally, the least expensive term insurance will be the best option. There is nothing that Primerica offers that isn't available at a better price elsewhere. Same features. Same quality.



3 While no one COMPANY has all the answers, an independent advisor CAN have all the answers. That is the purpose of being independent. We provide OPTIONS and ALTERNATIVES.



4 What you call a basic financial education is like saying the directions on a bottle of Acetominophen is a basic medical education. The FNA is next to useless as a planning tool, which is why PFS explicitly must state that it is not a financial plan. No, I certainly don't think everyone needs an expensive financial plan, but I can provide more meaningful advice to a client in five minutes than an FNA will. And so what if it is "free". The idea is to use it to generate commission income on an expensive product. How "free" is an FNA now? It isn't free just because there is no direct charge for it.



5 PFS agents know how to deal with "bumps in the road"? Sure, thousands of ex-PFS reps have claimed that over the years. "Fake it 'til you make it!" Right. Usually they slink into the night as soon as their recommendations are addressed by a qualified advisor. They vanish. They disappear. How exactly does a PFS agent refute a better insurance rate and better debt financing? Better terms? Better options? Well, they might accuse the person of being a loser. That they are lazy. "Enjoy your J-O-B" they'll say. It's because they failed at the "opportunity". Just pick any canned response your RVP gave you.



You want to work at Primerica? Fine, but take your blinders off. Do some independent research. Take a course. Why don't you obtain your CFP designation? According to some posters, all it takes is a simple little test. Oh yeah, your RVP might not want you to. Because then you would be bound by a separate code of ethics, and unfortunately they would preclude you from being able to sell the products PFS offers. Oh well, why not invent a meaningless title for yourself, like "PFA". Oh, you've already done that? Why does the investing community not recognize the designation? What? There is no educational requirements? No regulation? It only concerns PFS proprietary products? Hmmmmmmmmmmmm.



By the way, "Lonnie", the number of term policies that expire without paying claims is just over 98%, not 83%. Less than 2% of term policies are ever expected to pay a death benefit.

This is to people like Lonnie from OK,



First off, I just want to let you know there are two sides to every story. Second, there is no such thing as a perfect company, or else we'd all be working for that company. And last but not least, Primerica is a company that services middle income families. How many companies, other than maybe Edward Jones do you know that actually markets these families? Your pretty arrogant thinking that you know all. I don't know everything and I admit that. But I do know that Primerca is a great company to work for not only from a standpoint that your helping people who are starving for financial freedom, but that your in business for yourself, but not by yourself. Sure we don't have the cheapest products. And sure, all of our agents aren't the Albert Einsteins of finances, but we are willing to at least teach people the basics. No matter in what industry, job or endevour you are in, the basics are always essential. Cheap doesnt mean better does it? If cheap meant better, then your boyfriend/girlfriend depending on what gender you are is very lucky. Anyway, to my final, point...I and every person working for PFS will run into people like yourself. No worries, we know how to react to bumps in the road.

This is to people like Lonnie from OK,



First off, I just want to let you know there are two sides to every story. Second, there is no such thing as a perfect company, or else we'd all be working for that company. And last but not least, Primerica is a company that services middle income families. How many companies, other than maybe Edward Jones do you know that actually markets these families? Your pretty arrogant thinking that you know all. I don't know everything and I admit that. But I do know that Primerca is a great company to work for not only from a standpoint that your helping people who are starving for financial freedom, but that your in business for yourself, but not by yourself. Sure we don't have the cheapest products. And sure, all of our agents aren't the Albert Einsteins of finances, but we are willing to at least teach people the basics. No matter in what industry, job or endevour you are in, the basics are always essential. Cheap doesnt mean better does it? If cheap meant better, then your boyfriend/girlfriend depending on what gender you are is very lucky. Anyway, to my final, point...I and every person working for PFS will run into people like yourself. No worries, we know how to react to bumps in the road.

I, too, have been courted by numerous PFS reps who have found my resume on various job boards, inviting me to an evening "company presentation." As I would do prior to any interview situation, I'm checking the web for any information that might help me prepare beforehand....



Well, this site and MANY others just like it are making me crack up!!! I mean, after visiting Primerica's totally LAME site -- which provides no real information -- I had to see what other information was out there.



Having worked with several real financial planners, and having worked with many of the leading US insurance providers as clients, I couldn't believe what I was reading about PFS's principles and methods. What's even sadder is reading all of the posts from the PFS respondants -- their rebuttals and tortured logic speak volumes for the company.



It is no wonder to me why the company is so successful financially -- as an investor, I would gladly add it to my portfolio, preying as it does on a largely untapped population (with schools and parents failing to teach the rudiments of financial responsibility, there's an unending supply of future customers....). It's just not the type of organization that I (nor anyone with a minimal sense of ethics and self-worth, I imagine) would care to be associated with on a professional level.



And have you noticed the preponderance of the use of the terms "kook", "moron", and similar endearments by defenders of PFS? Says a lot for their professional demeanor....

Curtis I know you have been eagerly awaiting my response sorry to keep you waiting. First of all I like how you call me an expert it's fitting coming from you. I'm not going to comment on the contract % that was just a jab anyway no real info there that's of much importance.



Since I see I am dealing with a simpleton and must explain "everything" I will try to do just that. I'll just explain it like you don't know anything. Now that's profound. Please read carefully so you don't miss anything. This takes time and I don't what to have to explain it to you again.



"Thats great if you have opened accounts as I have, but you know darn well the industry as a whole does not market to some guy that doesnt live in the right zip code. They certainly wont come to your home".



I don't know that the industry as a whole cares about your zip code. My experience has been that most people couldnt care less about your zip code. That's just more PFS crusader horsesh**. Are you trying to tell me you have no BIG clients that you take better care of than the rest? Oh ya your with PFS you probably don't have any big clients because you all only take care of the people in desperate financial need.



Actually everyone I know in the industry will come into your home. Oh, and I do know someone with Merrill Lynch he'll come to your house too. However, I am not saying everyone in the industry will come into your home. So you can regurgitate that PFS crap all day long it still doesn't make it true.



"You try to come across like an expert? Well EXPERT you know that even though the mutual fund might allow a $25.00 investment, brokerage firms can and do have minimums that override the rules of the mutual fund. So it isnt a blatant lie, is it? If you know so much about the industry . Why didnt you know that? Thats basic common knowledge youre refuting. Whos the idiot?"



I do like the way you call me "expert" please continue that in the future if it's not too much trouble.



Yes SOME brokerage firms do have minimums but overall that is in no way indicative of the industry. (Curtis that means it does not indicate the industry as a whole has minimums). However, it is exceedingly easy to find firms that do not have minimums.



I did know that I was generalizing I will be more specific in the future you don't get confused.



In my expert opinion YOU.



"The insurance subject: Term is not always Term as you put it. There is ART, 3 year, 5 year, 7 year, 10 year, 12 year, 15 20 25 30 year term, Right EXPERT whos the retard?



When I say, "term is term" that what I mean if you compare term with the same face amount, guarantee period, rate class, and company rating. That people should choose the cheapest which, PFS is not. I try not to make you think for yourself on these issues, as you are not use to doing so, obviously. Still I compared my most expensive 30 term (I will deal with that point shortly) to your 25-year term and still beat it. A little more explanation for you Curtis on the "term is term" issue just incase it isn't clear. Take any 10 year term and compare it to any other 10 year term or 15 or 20, 25, or 30 and they are very similar the only major difference on most is the PRICE.



Again, my answer would be YOU.





"Ive done hundreds of comparisons on Term policies and there are companies that beat our rates, but we are cheaper than 99% of the thousands of life insurance companies out there By the way, the guarantee is for 20 years".



Yes if you compare term to whole life you are cheaper in the early years. Not when you compare term to term though (with the same term limits and rate class, I don't want you to get confused again Curtis). Also, carry that term out to the years when the client needs it and most time you will spend way more on term than on UL (universal life). I ran you little scenario out to when that couple will be 57 and 55 for the same face amounts on a 20 year term at today's rate and for the best possible class which, they probably won't be eligible for then and the premium is over $350.00 a month.



So it's guaranteed for 20 years do you tell your clients that? I didn't think so. Next time tell them they can get a 30 year guaranteed policy for cheaper somewhere else and see what they do. Then you can truly say you've helped someone.



"Obviously the last time you checked was more than 5 years ago because thats when the entire industry as a whole went to guarantees rather than scheduled premiums. Whos the idiot? Oh yeah .. Youre the 'EXPERT'".



Ok I'll admit that the last policy I replaced from PFS was over 5 years old. But why did it take industry regulations for "the only company that's doing what's right" to do what's right?



Once again YOU.



"Now youre an EXPERT right? You know darn well that this is true. If you have a cheaper product sell it, but to use your logic and mentality arent YOU a low down scum bucket preying on the fears of the consumer. Manipulating the poor consumer to but your product theyll probably never collect on. Isnt owning life insurance dumb? You pay all of those premiums and statistically, youll never collect on the death benefit because you wont keep the policy in force"



I never said one time I have sold that product to anyone. The fact is different companies have different underwriting guidelines. I was just taking the most expensive term I had for the scenario you gave to illustrate your 99% comparison is bullsh**. I run rates of every product at my disposal and sell the cheapest one. I don't tell someone they can get by with a 10 year when they need 20. I, unlike you make very little of the term products I sell and in fact my goal it to put the client in a "better" position when I leave. You should try it sometime....oh ya you can't your captive and can't offer a "real solution" only the crap your forced to sell.



Youre right about not collecting on the death benefit. Last I checked 83% of the people who own TERM insurance never collect a death benefit because they can't afford the outrageous premiums in the later years WHEN THEY NEED IT.



"As far as investing, most people cant really invest enough each month to reach their retirement needs right? So why bother! Those sleazy investment companies wont ever pay off anyway".



You said it I didn't. I knew your true feelings would come out eventually. However, investment companies have to pay you dolt it's not their money.



"Doesnt this sound stupid?

What Investment firm do you represent? How many times have you put some poor guy into a variable life program with premiums of $200 or $300 a month? Telling them that its better than term and a mutual fund sheltered in a Roth?"



If that were a better option I would not hesitate to do just that!



"Ive seen this happen a hundred times! And guess who did it? One of the so-called professionals like you! With a college degree and everything! Ive met with dozens of Professional industry people like you at the clients home to debate about what the Full time Professional guy did for them. Guess whats happened every time?"



Yes I know I know I heard it in the Saturday trainings too....You replaced it right?



"Only a thief would sell someone a cash value product".



Then why does Travelers your sister company sell it? And they sell a bunch of it.



"Hey EXPERT remember the billion dollars one big (rock) company paid out in refunds and fines to policyholders. Not to mention the dozen other companies that paid out over a billion collectively to the American public! How many people have you sold some rip off cash value plan, with surrender charges for 10 or 15 years?

Primerica doesnt have the luxury of screwing 70% to 90% of their clients selling them a cash value policy where the profit is huge and then offer a great Term policy to their savvy customers who know the truth".



I never said that was right either. There are more bad companies out there than just PFS. No your just screwing 100% of your clients with the crap you can sell.



"They can afford to beat us buy a few dollars, because they make it up on the backs of their other unsuspecting customers".



Give me a break!!



"We sell only Term Insurance. (Please dont bring up the old policyholders that own a cash value policy issued by MILICO that by contract we had to issue.)"



I won't your term is bad enough.



"Over all we offer a solid service to people. Many people value the services we provide. Some might not appreciate it. Most people do".



Over all you offer high priced term, predatory loans, and an FNA that isn't worth the paper it's printed on. Most people are uneducated about what you do so they have no basis of information. They value you because they don't know any better. PFS doesn't pay one of the top sales trainers in the world for nothing.



"Lets see what you have to say, Im waiting for your incredible EXPERT response".



There it is "LOSER".

Well thank god I woke up and helped myself before it was too late! This is to all you PFS reps out there and hear me out on this one! How do you like your less than minimum wage job in the insurance industry?



You are so duped, as I was, into thinking you are helping out people that you go out and screw yourself! Think about it... The financial services industry is the fastest growing industry out there and there is nothing wrong with jumping into that industry if you are willing to really get out there and LEARN everything you can about the industry. You know there are two sides to every story but PFS figures you won't bother looking for the other side, because they have you completely duped!



Did you bother before you went into this business to research this business? Well neither did I and PFS depends on that. I, by trade am a truck driver who was looking for something a little more challenging as well as rewarding. I truly thought I found it. I love sales and PFS was willing to give me the opportunity to do this without risking my other job. A chance to learn. But only their version of what they wanted me to know. Again there are two sides to every story!



So I am going to give you PFS assosiates an eye opening experience. I sold a life policy... My first one. It was only a ten year term for a married couple who were tobacco users.



This was going to cost them 78.13 per month for 160,000 for him, 100,000 for her. OK, so the way I see this, is I just generated 10,000 bucks in premium and it cost me nearly 60 bucks to drive down to where they lived twice... Once for the FNA, once for the actuall sale.



My commission... $62.00... Not 620.00 Not 6200.00 Just $62.00. Primerica gets $10,000 over 10 years... I get $62. Do I earn money off renewals? NO. Total... $62. Do I get reimbursed for expences? NO. Still just $62 meezly bucks. Less than one months premium.



Well my RVP tells me that "Hey bud it's because it was the one policy that just pays the worst commission. Only because PFS doesn't encourage selling a 10 year term.. They would rather you shoot for 15 or 20; You could have made over a $100 for that type of policy."



OOOOOOUUUU! WOW! A $100 bucks! There's my down payment on my new Mercedes! It's the Mother Load!



Well if my calculations are right, it would take me 10 sales of that same product to earn less than a weeks pay in my truck driving job. 10 sales = 620.00. Now I dont't know about you but to come up with 10 sales a week would take some serious hussleing. In fact most companies figure 50 new clients a YEAR! 100 if you are busting a*s.



Well I did some research for all you PFS agents.. Well actually I did it for myself but if you read this you can benefit from it. Sorry, wasn't out to help you, just turned out that way.



OK, I ran this sale by another firm. That firm would have paid me 580.00 the first year for the exact same sale! And I would have received a 2% annual renewal commission on top of that. So lets do some real easy math... 62.00 X 10 = 620.00 OR 580.00 X 10 = 5800.00. Thats a bit more than a weeks pay. Not mentioning the 200.00 I receive each year in renewals from those 10 sales. AND I DON'T HAVE TO HIRE ANYONE TO GET THAT COMMISSION!



So you can say "OK, but if you made it to district leader you can get 35% instead of 25%" Well have you thought just exactly what that 25% or 35% is of? Hell I can't tell you. Is it 25% of the 4% the base shop gets? Well most financial firms are willing to START pay anywhere from 50% to 55% of the first year in premium without trying to bring everyone and their brother on board, which you must admit 1/2 of those have no freaking business in this industry (if not more). Where on earth did you get a degree to search out talent anyway? How do you know what talent is?Leave that up to the people who know the business and know what to look for!



So along with a 50%-55% sales commission, plus a salary the first three years, I am given an office, a computer, a conference room, free cards, medical, dental, a defined contribution plan, and all the free phamplets I can muster... Oh... And a expense reimbursement for my expenses incurred durring the commission of a sale.



PS:(whispering) Don't let PFS RVP"S tell you they are the only company out there who is willing to send you to an all expense paid trip to Maui... Not true!



(Back to talking out loud)So while you are thinking you have your own business... Think about what I have told you and think about this one last thought...



I have been a truck driver for over 20 years... Lets say after my first six months in the business, I decided that I am so awesome at this and know all there is to know about the trucking industry, that I get out there and start my own fleet... well reality would set in and it would show me that I couldn't possibly know all there is to know and one thing would be certain... FAILURE.



Keep that in mind when you are out there trying to start a business you know nothing about. And welcome to your Minimum Wage Business!

I do not see why any person would think that this company is either the best company to work for or the best company to use. When I was contacted by them to become an employee, I was so excited to work for a company as they had desribed. But reading about what kind of company they were, common sense kicked in.



My friend was severely riped-off by these Amway style companies. It caused himn to go severely into debt and caused his credit points to drop 300 points.



They preyed on his "it's true because they told me so" mentallity. These limited produts that they have to offer to not conform specifically to people's needs.



Why buy mutual funds from them when you can get a broker now for $0 down without having to pay the usually required deposit of $2000. Many do not required to pay a fee, since they are incorporated into the mutual fund account. And there are many different types.



Only trained people can tell you what will fit your needs. And if you want to invest your money, why only be limited to mutual funds. What about notes, stocks, bonds, IRA's? A balanced porfolio is always the best option.



I think that if you want to belong to a financial organization, go to Edward Jones. They are ranked #1 on the fortune 100 of best employers. Thay will train you and put up the costs. And the license that you receive is a Series 7/63. This is a brokerage license. Not just an isurance license. I know I should not knock it until you try it, but if it looks like a crook, acts like a crook, well....it's a crook.



But can someone tell me...Are these agents that work for PFS, get any sort of benefits or wages. By reading what was written, it sounds like they do not. No hourly wage? No medical benefits? No paid training(not the propaganda training by them)? So they do not have any liability towards these people that they employ? No good.

Kendra,



"let's see which loan gets paid off first making just the basic payments"



They both get paid of in 30 years. How stupid are you?? Kendra, you obviously don't have much of a command of the keyboard or the English language, and I bet you don't have much of a concept of mathematics either. Tell me, can you show me how a loan is amortized? Could you do it? Could you find software to do it?



I think the answer is clear and obvious - no to both questions. If you truly think that your loan 'beats the socks off' of a conventional loan when it is 1, 2, or more points higher, then you are trying to sell the same snake oil that Primerica tries to sell to the public. It is most certainly not.



You're trying to sell the same snake oil that Primerica does when you compare the price of your term insurance to the price of somebody else's whole life covereage.



You're selling the same snake oil when you say you educate and help the consumer. YOU DON'T. You simply spew the same misinformation that Primerica spewed at you. Then you try to sell them a product. A product that makes you money. And a product that puts them in a worse position than when you started.

Hey Lonnie the EXPERT



First, if you have a higher contract than a PFS RVP (57%) great! My 57% contract is higher than a Vice President with Smith Barney, Merrill Lynch and Dean Witter. That has nothing to do with all of the half truths and ridiculously exaggerated claims made by the fools on this site.

The $25.00 minimum subject: Thats great if you have opened accounts as I have, but you know darn well the industry as a whole does not market to some guy that doesnt live in the right zip code. They certainly wont come to your home.



Come on! If you are taking the time to respond, at least admit the truth or at the very minimum dont refute it!



I find it funny that when presented with facts, the kooks that respond to the positive Primerica FACTS wont acknowledge anything thats true without discounting the good and the truth in the facts.



You try to come across like an expert? Well EXPERT you know that even though the mutual fund might allow a $25.00 investment, brokerage firms can and do have minimums that override the rules of the mutual fund. So it isnt a blatant lie, is it? If you know so much about the industry . Why didnt you know that? Thats basic common knowledge youre refuting. Whos the idiot?



The insurance subject: Term is not always Term as you put it. There is ART, 3 year, 5 year, 7 year, 10 year, 12 year, 15 20 25 30 year term,

Right EXPERT whos the retard?



Ive done hundreds of comparisons on Term policies and there are companies that beat our rates, but we are cheaper than 99% of the thousands of life insurance companies out there. By the way, the guarantee is for 20 years.



Obviously the last time you checked was more than 5 years ago because thats when the entire industry as a whole went to guarantees rather than scheduled premiums. Whos the idiot? Oh yeah .. Youre the EXPERT



Now youre an EXPERT right? You know darn well that this is true. If you have a cheaper product sell it, but to use your logic and mentality arent YOU a low down scum bucket preying on the fears of the consumer. Manipulating the poor consumer to but your product theyll probably never collect on. Isnt owning life insurance dumb? You pay all of those premiums and statistically, youll never collect on the death benefit because you wont keep the policy in force.



As far as investing, most people cant really invest enough each month to reach their retirement needs right? So why bother! Those sleazy investment companies wont ever pay off anyway.



Doesnt this sound stupid?

What Investment firm do you represent? How many times have you put some poor guy into a variable life program with premiums of $200 or $300 a month? Telling them that its better than term and a mutual fund sheltered in a Roth?



Ive seen this happen a hundred times! And guess who did it? One of the so-called professionals like you! With a college degree and everything! Ive met with dozens of Professional industry people like you at the clients home to debate about what the Full time Professional guy did for them. Guess whats happened every time?



First they backpedal buy saying, I can sell you Term, I thought you wanted this VUL or Universal program? I blew them out of the house because their Bull Sh*t product didnt add up.



Only a thief would sell someone a cash value product.



Hey EXPERT remember the billion dollars one big (rock) company paid out in refunds and fines to policyholders. Not to mention the dozen other companies that paid out over a billion collectively to the American public! How many people have you sold some rip off cash value plan, with surrender charges for 10 or 15 years?

Primerica doesnt have the luxury of screwing 70% to 90% of their clients selling them a cash value policy where the profit is huge and then offer a great Term policy to their savvy customers who know the truth.



They can afford to beat us buy a few dollars, because they make it up on the backs of their other unsuspecting customers.



We sell only Term Insurance. (Please dont bring up the old policyholders that own a cash value policy issued by MILICO that by contract we had to issue.)



Over all we offer a solid service to people. Many people value the services we provide. Some might not appreciate it. Most people do.



Actually, you might be some phoney than doesn't even have clients, your probably Ken Young or one of his groupies that have nothing better to do than rip on Primerica.



That KOOK has been making money off life agents for years selling them anti primerica info. I think he's involved someway in this web site.



Lets see what you have to say, Im waiting for your incredible EXPERT response.

TO ALL THE PEOPLE THAT THINK THAT THEY CAN GET A CHEAPER RATE ON YOUR MORTGAGES WITH A TRADITIONAL BANK, KNOCK YOURSELVES OUT, BUT WHAT ARE YOU REALLY GETTING FOR THAT RATE?



DO A COMPARISON, ONE PERSON KEEP THEIR PRESCHEDULED INTEREST LOAN AND ONE PERSON DO A SMART LOAN, AND LETS SEE WHICH LOAN IS PAID OFF QUICKER, JUST BY MAKING THE BASIC PAYMENTS.



IS YOUR PRESCHEDULED INTEREST LOAN JUST BY MAKING THE BASIC PAYMENT CALCULATED ON THE DAILY BALANCE? NO, THAT IS WHY IT IS CALLED PRESCHEDULE INTEREST. IS YOUR LOCAL BANK GOING TO KNOCK OFF 7-15 YEARS OFF THE LIFE OF YOUR THIRTY YEAR LOAN, NO MATTER WHAT THE INTEREST RATE IS, BEFORE YOU EVEN MAKE YOUR FIRST PAYMENT? I DON'T THINK SO. CALL UP YOUR MORTGAGE COMPANY AND ASK THEM WHAT THEY DO WITH THE EXTRA PRINCIPAL PAYMENT THAT YOU SEND IN. SOME COMPANIES WONT EVEN TAKE A EXTRA PRINCIPAL PAYMENT AND WILL SEND IT BACK TO CLIENT AT THE END OF THE YEAR.



WHERE IS THE REAL SAVINGS WITH HAVING A LOWER INTEREST RATE IF THE TERM STAYS AT 30 YEARS. YOU MAY HAVE A LOWER MONTHLY, BUT THAT IS IT, BECAUSE YOU ARE PAYING ON THE HOUSE FOR 30 YEARS WITH PRESCHEDULED INTEREST.



HOW MANY PEOPLE REFINANCE BECAUSE THE RATES ARE LOWER AND SOME OF THE BORROWERS HAVE ALREADY BEEN IN THEIR HOUSE FOR 10 YEARS? THE COMPANY PUTS THEM RIGHT BACK INTO A 30 YEAR MRTG. IS THE CLIENT SAVING ANYTHING BY DOING THAT? NO!



FOR THE PEOPLE THAT ARE SAYING THAT YOU CAN GET A BI-WEEKLY PROGRAM WITH MOST BANKS. GUESS WHAT YOU ARE RIGHT! HOWEVER THAT IS ALL IT IS, IS A BI-WEEKLY PROGRAM AND THERE IS USUALLY A CHARGE FOR THAT EACH MONTH AND THERE IS USUALLY A SET UP FEE AS WELL.



AS FAR AS PRE-PAY, WHAT BANK DOESN'T HAVE A PRE-PAY IF YOU REFINANCE WITH ANOTHER INSTITUTION, OR YOU GO TO SELL YOUR HOUSE WITHIN A PREDETERMINED AMOUNT OF TIME.



AS FAR AS TERM INSURANCE. THERE MAY OR NOT BE CHEAPER INSURANCE OUT THERE, BUT WHAT ARE YOU GETTING FOR THAT PREMIUM? DOES EVERYONE THINK THAT ALL THOSE PEOPLE IN THE TERRORIST ATTACK THAT WERE KILLED THAT HAD INSURANCE GOT A DEATH CLAIM RECEIVED BY THEIR SURVIVORS. THINK AGAIN. NO, THEY DIDN'T! WHY? BECAUSE THERE WAS A DECLARED OR UNDECLARED WAR CLAUSE, WHICH STATES THAT THEY DON'T HAVE TO PAY OUT THE DEATH CLAIM.



WHY DO YOU THINK THAT PRES. BUSH RELEASED THAT MONEY TO THE VICTIMS SURVIVORS? SOME OF THEM DIDN'T EVEN HAVE LIFE INSURANCE AND THE REST THEIR COMPANIES DIDN'T HAVE TO PAY.



FOR EVERYONE READING THIS READ THROUGH YOUR POLICIES THOROUGHLY, YOU MAY BE PAYING A CHEAP PREMIUM, BUT YOU PAY CHEAP, YOU GET CHEAP. WOULDN'T IT BE BETTER TO HAVE PEACE OF MIND TO KNOW THAT IF SOMETHING DID HAPPEN THAT THE COMPANY WOULD PAY OUT THE DEATH CLAIM.



CHEAP DOESN'T ALWAYS MEAN IT IS BETTER QUALITY. WHEN IT COMES TO YOUR FAMILY WHICH IS MORE IMPORTANT, MAKING SURE THAT YOUR FAMILY IS COVERED NO MATTER WHAT HAPPENS, OR MAKING SURE THAT YOU PAY THE LOWEST PREMIUM POSSIBLE.



DOES EVERYONE THAT HAS READ THIS SITE THINK THAT THEY ARE INVINCIBLE? DREAM ON. WE NEVER KNOW WHEN OUR NUMBER IS UP AND WHEN IT IS UP IT IS UP. SO WAKE UP!!

This is mainly to Curtis. Once again the PFS agent shines through as a complete idiot lacking in the basic knowledge of the industry they supposedly are the leaders of.



First of all this is not an error on Curtis's part but "SAME EXACT commissions paid out Yes the FEES paid to PFS Investments may be the same as any other broker-dealer; however, when I was a PFA the top contract offered through PFS Investments was 57% and that was to the RVP's. Truly sad but on to the important stuff.



It's repulsive that you have millions of dollars under management (if that is indeed true, I have my doubts) and are a complete idiot. "The major difference between the traditional brokers and us is this... They want to have thousands of dollars to open up your account. We only need $25.00 to help them open up their account". The minimum amount is decided by the mutual fund company not the broker and MANY funds offer a $25.00 monthly investment if your starting an IRA. I have set many of these accounts up myself and I am not with PFS Investments (thankfully). So that is a blatant lie.



"We also sell Term Life Insurance. Last night I just put 350,000 on the husband (32) and 250,000 on the wife (30) for $61.47 a month. This was a 25-year level policy, price and coverage stays level for 25 years. This is cheaper than 99% of the life companies out there". You should be proud and what a load of horses--t. I can do the same face amounts 350K husband 32 and 250K wife 30 on a GUARENTEED 30 yr. term for $60.20. Last I looked PFS's term is only guaranteed the first 5 years. And this is with my LEAST competitive company. I can blow you completely out of the water with the other companies I can write through. I love to go into a home with the proud owner of a PFS policy I know I will replace it.



"There are companies that have a cheaper rate but it might be for a different type of policy. How much cheaper? Maybe $2 or $7 a month?" Term is Term you retard. And if it is only a $2 to $7 savings I want it and so do my clients.



'Youll find out you wont qualify for the cheap-cheap coverage they display". Another lie most people about 80% with several companies qualify for the best rate. However, you must do something akin to walking on water to qualify for PFS best rate. I'll bet that couple you screwed the other night will be paying more than $61.47 if they decide to buy your policy.



So here is your response. Asinine?? Lets let the readers decide. I only wish you lived in OK so I could replace some of you policies.

I had a client alert me to this site. She was concerned about the disparaging comments being made about Primerica here. After reading some of the moronic responses I must help anyone that really wants to think rationally.



First of all please pay attention to some facts.



The mutual fund investments that we sell are the SAME EXACT MUTUAL FUNDS sold by Merrill Lynch, Dean Witter, Smith Barney and from YOUR LOCAL BANK INVESTMENT REPRESENTATIVE!

SAME EXACT fees

SAME EXACT commissions paid out

SAME EXACT returns or losses on the investments.



A prospectus can be 13 months old and be completely legal! Sometimes, Mutual Fund Companies are slow to update their brochures. They don't print new prospectuses every month.



To claim categorically that Primerica rips off anyone or is bad or hurts people is asinine, its ludicrous and the people that write anything to the contrary are uniformed idiots.



Im positive that there are Primerica people who need to improve their skills, but to label them all negatively is WRONG.



I have millions of dollars under management, with thousands of clients and I met with most of them AT THEIR HOME. Giving them personal attention when it was convenient for THEM! The mutual fund investments that I put them in are the SAME EXACT MUTUAL FUNDS sold by Merrill Lynch, Dean Witter, Smith Barney, and YOUR LOCAL BANK INVESTMENT REPRESENTATIVE! The major difference between the traditional brokers and us is this They want you to have thousands of dollars to open up your account. We only need $25.00 to help them open up their account.



This is such a terrific thing, but if you think that this is bad, please call one of the brokerages and tell them you have $25.00 to invest and ask them to have a licensed investment counselor come over and help you.



We also sell Term Life Insurance. Last night I just put 350,000 on the husband (32) and 250,000 on the wife (30) for $61.47 a month. This was a 25 year level policy, price and coverage stays level for 25 years. This is cheaper than 99% of the life companies out there. There are companies that have a cheaper rate out there but it might be for a different type of policy. How much cheaper? Maybe $2 or $7 a month?



Using a representative to help you determine how much you need is certainly worth a couple of dollars more per month. If you think that you can do better on your own, knock yourself out, go, go, go! Apply online through one of the Internet sites, youll find out you wont qualify for the cheap-cheap coverage they display. (Do you ever buy the auto or truck thats the lost leader in the paper advertisement?)



Im paying my 21st and 22nd death claim this month. Both of these people carried more coverage as a direct result of me counseling them about their needs. One of the widows is receiving $250,000; they had $100,000 before I talked them into more coverage.



There are people who read things posted on the internet and take them as gosple. Many can't see that there are very small people that wip themselves into a frenzy about half truths and lies and type statements trying to tear down the good that people do. THEY ARE KOOKS



Im sure some moron will find the bad in what Ive posted. And come up with some asinine response. If that happens to be you, check yourself into the Zoo, have them put you in the jackass pen!

Have anyone noticed that all the primerica reps are supposely the smartest people in the world when it comes to money thats so funny cause most of them are nothing but hs gradutes looking for an easy way to make money primerica is a sad orginazation and if your are involved in it then you are sad too

I have been an agent with primerica financial services and know many of the people in the organization. I am also a self-taught financial planner. I have read many books on the topic of financial planning, Investing, Real Estate and other related topics. I also am a finance major and have a BBA from Baruch College.



Ever since I joined the company, I have been sceptical about all of the concepts that they teach so I sought out to find the true answers to my personal financail questions. What I had discovered is that Primerica is not the holy grail of financial services companies nor is it the evil preditory company. I honestly believe that Primerica is trying to do good toward lower to middle income families. No other company out there aims to provide personal one-on-one service to this group of consumers.



Many of the concepts that we teach do end up saving consumers tons of money in the long run and provide hope for these people. Primerica's products do tend to be overpriced but that is reflected by the cost that it takes to service such a difficult, numerous and fragmented market that we target. Our loans do in fact cost more than other competitive loans in the market but most of our SMART debt consolidation loans do work out for our clients, especially those whom have been taken advantage of by Credit Card Companies and High Interest Car loans. We do only sell term life which is in fact much better than whole life or universal, variable ect.... Those products are garbage for low to middle income families.



We should be angry at the companies who sell these products as Insurance or Investment Products, because they are neither for these non-wealthy consumers.



Yes, you could find cheaper products elswhere such as no-load mutual funds, Low interest loans with great terms, and even cheaper Term -life insurance, but in order for the low to middle income consumer must become an expert at all of there disciplines. This is not easy since most people don't know the first thing about Personal Finance.



Primerica is a great company that does try to help the consumer. No, it is not the Holy Grail of financial services companies but it definitly is near the top in terms of integrity and its willingness to help people become financially free and independant. Besides, who is is trying to help this neglected market.

You have a lot of research to do. Luckily for Primerica, you are exactly the type of person they are looking for: one who has never seen the "magic" of bi-weekly payments before. You are so enthralled by this setup that you think it's worth the outrageous closing costs, terrible interest rate, and prepayment penalties in order to make an extra payment a year. If you would look before you leap, you would realize that you could do this for free, and don't need a snake-oil salesman to sell it to you.



Let me say it again: YOU ARE PAYING THEM FOR SOMETHING THAT IS FREE.



The only problem is, with PFS, it's not free. It costs you dearly.



They don't build financial independence. Instead, they prey on the ignorant, less educated, and those with pie-in-the-sky dreams of the much-touted "six figure income" (only 200 of the 100,000 agents even had made 100,000 a year last year, and these are people with THOUSANDS of recruits in their downline). It's a great way of getting you to part with $200 that would be better spent on lottery tickets.

Just to be fair, I did not see Primerica has anything to do with the FTC charge.



First, it's about the Associates not Primerica (nor Traveler's Bank).



Secondly, the charge mentioned "these comparisons did not take into account the loan fees and closing costs The Associates typically added to the consumer's loan principal". Primerica told you that Smart Loan is not for everyone, taking the closing costs into consideration. They showed me why we should compare "APR" not "Interest Rate" because APR shows the true costs of the loan.



Thirdly, the charge mentioned "the companies' comparisons did not reveal that for certain Associates loans, consumers would still owe the entire principal amount in a balloon payment". They taught me to look at my current mortgage paper (the Truth-In-Lending Disclosure) to make sure there is no "Balloon amount".



Forthly, the PFS Rep told me they do not promote "credit insurance".



I think they did a good job for us explaining the truth in lending, and showed us letters from several mortgage companies stating how they handle your extra principal payment - they would reduce your principal but not your interest because it's prescheduled, or they simply hold on to your money until the next payment date and basically you are just ahead of your payment but it won't save you much interest. I then sent an email to my mortgage company and they confirmed my mortgage is a prescheduled interest loan, and they will only reduce my principal with my extra payment. They will also charge $375 to enroll in the bi-weekly payment schedule and $.25 for each payment.



I also met some Reps in Primerica who used to be clients. They told me the reason they decided to join the company is because Primerica helped them to get out of debt sooner and they are now on track of building their wealth and they are so truly thankful. I think the true stories, instead of accusation, are more convincing...

In response to Jim Miller's supportive comments on Primerica, I have to say, that a fool and his money are soon parted. My dad taught me that when I was a little child. If you want to part with your money to Primerica, to make some else rich or more wealth than you, then so be it. I got a few calls and a visit from a lady at Primerica, and I can say that I was a little interested, but now I'm not. I work too d**n hard for my money to just hand it over to a bunch of vague answering people who dodge questions about real issues and situations in the company.

Do not fault PFS for the nature of the free market....Primerica ranting.....



I received a phone call the other evening from a representitive of PFS, yes they told me it was for a "management" position, yes I was immediatly skeptical as I have no "manangement" experience and yes....I agreed to go to their "interview." The reason I attended said meeting, well like probably 99% of the rest of us, I suffer in this capitalistic engine they call the United States, and just want to make it all go away. Who can blame me? Given my backround is in the insurance industry, I was encouraged by the discussions in the meeting of insurance packages. "This is why they want me" I thought. MLM seemed an intelligent way to deal with the rigid planning and painful reality of life insurance. From a strictly business standpoint, I immediatly saw how cutthroat the PFS system could be, how shady it could be in a sense, with the MLM and Citicorp and recruiting and all that, I began to realize they didn't want me for me like they were saying... and I liked it.



Yes I liked it, because unlike some posts on this site I have no problem with skrewing the little guy. Any company shady enough to play on peoples hopes, dreams, and fears is going to be successful. Any company that could dupe me into showing up for this charade is going to make it. Immorality and greed are what life and the free market are based on and competition is everywhere; Rush hour traffic, baseball, dating, politics, pop culture etc.



The real kicker in the whole thing was that they think they can HELP people. When did money ever buy happiness? How does money help? It doesn't uplift the soul or anything. I therefore object to their pitch of helping others, just admit you are evil like everyone else is, I will not fault you for it.



However, they stated many times in their presentation/sales pitch that their scheme will provide "financial security for their clients." I dont doubt it could, their plans probably will provide security for some, and will probably ruin others, but that is the choice of the client or recruit. It is just like buying a Toyota or a Chevrolet, could get a good car, could get a lemon. Anyone, from big time finance majors to Mom and Pop America, can get a calculator and do the math themselves. They don't have to go with what PFS offers them, but they may come out good in 30 years. They don't have to join the company and recruit, but if they do, and they put forth effort, exhibit heartlessness and intelligence all at once, they will make money in it I am sure. Am I going to go through with it? No. I am just lazy, but I don't see a scam. Anyone can stop this before it starts, but there is a potential reward for all sides. Now car insurance, there is a scam....



I am grateful to this website for information provided on this topic.



RCB Chicago, Illinois

If you want facts which counter the garbage taught at Primerica, grab a couple textbooks in economics and personal finance. They will show you how the principles spewed by Primerica are misleading and deceptive. "Interest rate doesn't matter", "You are 'saving' 100,000 with this loan", "term insurance is always better"....all that junk that your RVP taught you is misleading. If I hear one more Primerica PFA come in here saying "look at all the money you're 'saving' with our loan", I will vomit. Why? Because it shows a fundamental lack of understanding of the power of compounding interest, yet these people are attempting to handle other people's finances! Primerica is charging an enormous premium for what is really free advice that fits in a pamphlet. Primerica products are overpriced junk, but the PFA is trained to twist and distort the facts so the consumer thinks he/she is getting a great deal. Go to CCCS, go to the library, go read a DECENT page on the Internet and you will have facts. They are pervasive. Just because they don't explicitly mention PFS doesn't mean that PFS isn't bound by the rules of finance, no matter what they make you believe.



By the way, when you're done looking up a few facts on compounding interest, life insurance, and mortgages in those textbooks, you will have learned at least double what they taught you at Primerica, and you will be far better off intellectually.

If you want facts which counter the garbage taught at Primerica, grab a couple textbooks in economics and personal finance. They will show you how the principles spewed by Primerica are misleading and deceptive. "Interest rate doesn't matter", "You are 'saving' 100,000 with this loan", "term insurance is always better"....all that junk that your RVP taught you is misleading. If I hear one more Primerica PFA come in here saying "look at all the money you're 'saving' with our loan", I will vomit. Why? Because it shows a fundamental lack of understanding of the power of compounding interest, yet these people are attempting to handle other people's finances! Primerica is charging an enormous premium for what is really free advice that fits in a pamphlet. Primerica products are overpriced junk, but the PFA is trained to twist and distort the facts so the consumer thinks he/she is getting a great deal. Go to CCCS, go to the library, go read a DECENT page on the Internet and you will have facts. They are pervasive. Just because they don't explicitly mention PFS doesn't mean that PFS isn't bound by the rules of finance, no matter what they make you believe.



By the way, when you're done looking up a few facts on compounding interest, life insurance, and mortgages in those textbooks, you will have learned at least double what they taught you at Primerica, and you will be far better off intellectually.

If you want facts which counter the garbage taught at Primerica, grab a couple textbooks in economics and personal finance. They will show you how the principles spewed by Primerica are misleading and deceptive. "Interest rate doesn't matter", "You are 'saving' 100,000 with this loan", "term insurance is always better"....all that junk that your RVP taught you is misleading. If I hear one more Primerica PFA come in here saying "look at all the money you're 'saving' with our loan", I will vomit. Why? Because it shows a fundamental lack of understanding of the power of compounding interest, yet these people are attempting to handle other people's finances! Primerica is charging an enormous premium for what is really free advice that fits in a pamphlet. Primerica products are overpriced junk, but the PFA is trained to twist and distort the facts so the consumer thinks he/she is getting a great deal. Go to CCCS, go to the library, go read a DECENT page on the Internet and you will have facts. They are pervasive. Just because they don't explicitly mention PFS doesn't mean that PFS isn't bound by the rules of finance, no matter what they make you believe.



By the way, when you're done looking up a few facts on compounding interest, life insurance, and mortgages in those textbooks, you will have learned at least double what they taught you at Primerica, and you will be far better off intellectually.

If you want facts which counter the garbage taught at Primerica, grab a couple textbooks in economics and personal finance. They will show you how the principles spewed by Primerica are misleading and deceptive. "Interest rate doesn't matter", "You are 'saving' 100,000 with this loan", "term insurance is always better"....all that junk that your RVP taught you is misleading. If I hear one more Primerica PFA come in here saying "look at all the money you're 'saving' with our loan", I will vomit. Why? Because it shows a fundamental lack of understanding of the power of compounding interest, yet these people are attempting to handle other people's finances! Primerica is charging an enormous premium for what is really free advice that fits in a pamphlet. Primerica products are overpriced junk, but the PFA is trained to twist and distort the facts so the consumer thinks he/she is getting a great deal. Go to CCCS, go to the library, go read a DECENT page on the Internet and you will have facts. They are pervasive. Just because they don't explicitly mention PFS doesn't mean that PFS isn't bound by the rules of finance, no matter what they make you believe.



By the way, when you're done looking up a few facts on compounding interest, life insurance, and mortgages in those textbooks, you will have learned at least double what they taught you at Primerica, and you will be far better off intellectually.

I am a PFS rep who recently worked very hard in acquiring my state licensing. I felt very proud of my acheivments, but after reading these articles that my girlfriend found accidentally, it has left me dazed and confused. I am an honest man and I would take my "word" to my grave. Those who know me, know that I would be the last person to go out and "rip-off" my loved ones or friends, or even mere aquaintances. It is not in me. I am not gullible, nor do I lack intellegence, but I have run across some severe situations and there is some truth to paying out excessive interest. For instance,I see someone as a victim when they are paying a quarter million dollars in interest for a $94,000 loan but I don't hear or see that company up here with a label of "preditory lender". All I ask, is for ligitamacy to these reports, either for or against Primerica. To merely throw numbers out there on either side is a dis-service to all those reading these articles. In my mind it also does a dis-service to this website. I will have to consider all of these articles, but few will be given merit only because this seems to target those who some of you feel Primerica has targeted... The low to middle income families with little intelligence who will only take people at their "word". And sometimes, unfortunately, some people could care less about their "word" or their honor... Myself, I do, and before I go out there and try to do what I thought was helping was helping people... not screwing them futher in the hole, I will be sure to be looking for FACTS! Got any?

Bryan your response is ridiculous, especially that last line. Do you truly believe that? First, I think you got your PFS-fed line wrong. PFS claims to do "simple interest" loans, not "compound interest". The equivalent savings in rate is negligible even when used as a biweekly payment. IT IS MOST CERTAINLY NOT EQUAL TO HALF OF THE INTEREST RATE. In reality, it is less than a tenth of a percent.



If the PFS loan you are about to get suckered into is so much as 0.1% above what you are paying now, you are being had. You could apply your payments biweekly on your own and would be better off. AND that doesn't include the $5000 (typical) closing costs and prepayment penalties charged to you by PFS. So much for "we're the only company that does biweekly for free." HA!

I am interestid in Primerica, and I have been doing some studing on the company. I just read this article and thoght it was a little short of funny. I'm not saying that 8.9% is better than 7%. If I wanted to pay an extra payment a year it would make more sense to have a lower intrest rate, but lets be real. The people that need this service don't normaly pay an extra payment a year. It is done more for convenience.



If you do the math there are 52 weeks in a year. If you divide that by half you now have 26 as in 26 bi-weeks. 26 * 600=15600,and 1150 * 12=13800. There is a differance between the two amounts of $1800 which is just a little more than one and a half payments extra a year. You Might pay more money towards your laon in the year, but you can't go by how much you pay in a month because it's a bi-weekly payment not monthly. The Idea is to take off the burden of making an extra payment equaling a monthly payment.



Also another note people that are normaly doing a smart loan are consolidating their debt. Their are moving high intrest unsecured debt to this new loan with a lower intrest rate. I might not be the smartest person out there, but if I am now paying $1300 a month instead of the usual $1150 plus the $500 in minimum credit card debt I'm going to be much happier.



Smart Loans are done with compound interest, and if you don't understand compound interest than you might want to do some studing. In actuality when your payment is drafted bi-weekly you are not being charged an 8.9% intrest rate. You are actualy being charged about half that.

I am interestid in Primerica, and I have been doing some studing on the company. I just read this article and thoght it was a little short of funny. I'm not saying that 8.9% is better than 7%. If I wanted to pay an extra payment a year it would make more sense to have a lower intrest rate, but lets be real. The people that need this service don't normaly pay an extra payment a year. It is done more for convenience.



If you do the math there are 52 weeks in a year. If you divide that by half you now have 26 as in 26 bi-weeks. 26 * 600=15600,and 1150 * 12=13800. There is a differance between the two amounts of $1800 which is just a little more than one and a half payments extra a year. You Might pay more money towards your laon in the year, but you can't go by how much you pay in a month because it's a bi-weekly payment not monthly. The Idea is to take off the burden of making an extra payment equaling a monthly payment.



Also another note people that are normaly doing a smart loan are consolidating their debt. Their are moving high intrest unsecured debt to this new loan with a lower intrest rate. I might not be the smartest person out there, but if I am now paying $1300 a month instead of the usual $1150 plus the $500 in minimum credit card debt I'm going to be much happier.



Smart Loans are done with compound interest, and if you don't understand compound interest than you might want to do some studing. In actuality when your payment is drafted bi-weekly you are not being charged an 8.9% intrest rate. You are actualy being charged about half that.

I am interestid in Primerica, and I have been doing some studing on the company. I just read this article and thoght it was a little short of funny. I'm not saying that 8.9% is better than 7%. If I wanted to pay an extra payment a year it would make more sense to have a lower intrest rate, but lets be real. The people that need this service don't normaly pay an extra payment a year. It is done more for convenience.



If you do the math there are 52 weeks in a year. If you divide that by half you now have 26 as in 26 bi-weeks. 26 * 600=15600,and 1150 * 12=13800. There is a differance between the two amounts of $1800 which is just a little more than one and a half payments extra a year. You Might pay more money towards your laon in the year, but you can't go by how much you pay in a month because it's a bi-weekly payment not monthly. The Idea is to take off the burden of making an extra payment equaling a monthly payment.



Also another note people that are normaly doing a smart loan are consolidating their debt. Their are moving high intrest unsecured debt to this new loan with a lower intrest rate. I might not be the smartest person out there, but if I am now paying $1300 a month instead of the usual $1150 plus the $500 in minimum credit card debt I'm going to be much happier.



Smart Loans are done with compound interest, and if you don't understand compound interest than you might want to do some studing. In actuality when your payment is drafted bi-weekly you are not being charged an 8.9% intrest rate. You are actualy being charged about half that.

I am interestid in Primerica, and I have been doing some studing on the company. I just read this article and thoght it was a little short of funny. I'm not saying that 8.9% is better than 7%. If I wanted to pay an extra payment a year it would make more sense to have a lower intrest rate, but lets be real. The people that need this service don't normaly pay an extra payment a year. It is done more for convenience.



If you do the math there are 52 weeks in a year. If you divide that by half you now have 26 as in 26 bi-weeks. 26 * 600=15600,and 1150 * 12=13800. There is a differance between the two amounts of $1800 which is just a little more than one and a half payments extra a year. You Might pay more money towards your laon in the year, but you can't go by how much you pay in a month because it's a bi-weekly payment not monthly. The Idea is to take off the burden of making an extra payment equaling a monthly payment.



Also another note people that are normaly doing a smart loan are consolidating their debt. Their are moving high intrest unsecured debt to this new loan with a lower intrest rate. I might not be the smartest person out there, but if I am now paying $1300 a month instead of the usual $1150 plus the $500 in minimum credit card debt I'm going to be much happier.



Smart Loans are done with compound interest, and if you don't understand compound interest than you might want to do some studing. In actuality when your payment is drafted bi-weekly you are not being charged an 8.9% intrest rate. You are actualy being charged about half that.

This email is a rebuttal to RipOff #4805.

It was sent by Chris at hereinstlouis@yahoo.com.



Primerica marketing markets predatory loans. FTC files charges. *REBUTTAL *EDitor's note: Why so many victims? (#4805)



They filed the following rebuttal to the above Rip-Off Report:



Their email: hereinstlouis@yahoo.com

Their name: Chris

Their relationship to the company: Owner



Rebuttal:

You have also been misled by the company. A higher interest rate is ALWAYS worse. The only reason your debt payment is accelerated is because of the EXTRA monthly payment you pay each year. Given your current (lower interest) loan and a Primerica (high interest) loan, you will ___ALWAYS___ save money by paying more toward your principle on your current loan.



An example:

You have a 7% loan toward which you pay $1150 a month including taxes, etc. Primerica offers you a 8.9% loan which costs $600 every other week, including taxes, etc.



The real cost of the Primerica loan

(which they don't tell you) is:

600*2 PLUS (1200/12) which equals 1300 a month.



That 1200/12 is the average monthly cost of your extra payment. You will pay off your loan MORE QUICKLY if you apply that extra $150 toward your principal every month. Plus you don't pay thousands in closing costs, and lose the ability to refinance through another lender without penalty, for several years.



Paying off sooner might not even be a good deal for each individual. If you can make the same extra money grow faster than the interest rate on your note (say, you can get 10% in mutual funds), then you are better off investing that extra money.



That "hundred thousand dollars in interest" that you "save" with Primerica could have been $150,000 had you invested

it. Do they tell you this? Of course not.



Remember this and don't let your deceptive RVP mislead you: FOR YOUR MORTGAGE, A LOWER INTEREST RATE IS ***ALWAYS*** BETTER. ALWAYS.



It's doesn't "not matter" as they would have you believe!

This email is a rebuttal to RipOff #4805.

It was sent by Gloria at orkenmay@hotmail.com.



Primerica marketing markets predatory loans. FTC files charges. *REBUTTAL *EDitor's note: Why so many victims? (#4805)



They filed the following rebuttal to the above Rip-Off Report:

Their email: orkenmay@hotmail.com



Their relationship to the company: Consumer Suggestion



Rebuttal:



Just a quick note on higher interest rates through PFS: The payment schedule for Traveler's Bank SMART loans is on a bi-weekly basis. This allows interest to grow only in two week intervals, not monthly.



The system is set up to make 26 payments each year, rather than just 12, therefore, you end up making an extra "monthly" payment each year, and paying down your debt sooner. All this with a lower monthly payment.



Staying on schedule, you will pay less with a SMART loan with higher interest than a regular 30 year mortgage with a lower interest rate.



There are pre-payment penalties for SMART loans, but only if you pay off your entire balance within the first three years (5% the first year, 4% the second year, and 3% the third year). With the debt most people are trying to get out of, the chances of pre-paying within the first three years are minimal.



Instead of asking what the monthly payments are and what the interest rate is, always ask how long will you be paying and how much you'll end up paying in the end. You don't need PFS to tell you the above, either.

:::::::::::::::::::

This email is a rebuttal to RipOff #4805.

It was sent by Chris at hereinstlouis@yahoo.com.



Primerica marketing markets predatory loans. FTC files charges. *REBUTTAL *EDitor's note: Why so many victims? (#4805)



They filed the following rebuttal to the above Rip-Off Report:



Their email: hereinstlouis@yahoo.com

Their name: Chris

Their relationship to the company: Owner



Rebuttal:

The first rebuttal mentioned that Primerica also makes loans for

Travelers? Well, guess what. I just got a refinance offer on my mortgage and the terms are OUTRAGEOUS. I get three or four bulk mails a week with better terms than Primerica.



*BUT* what is really unethical and ridiculous and predatory, is that Primerica sits across from the kitchen table from low- to middle-income families. They then tell the often less educated folks (the very people they claim to help) that the high interest rate doesn't matter (!!!!) or that their terms are somehow better, or even equal to, another lender's.



They manipulate, or more often HIDE, real numbers until these people sign on the dotted line. By that time they are locked into outrageous closing costs and early payment penalties.



I know there are a lot of scummy lenders. But even the WORST OF THE WORST would not try and convince me their terms were better when they're not. They would simply put forth an awful figure on the table and say it's the best they can do. Primerica tries to tell me it's the ticket to financial freedom. Get real.

This email is a rebuttal to RipOff #4805.

It was sent by Nathan Cheng at nathan_w_cheng@yahoo.com.



Primerica marketing markets predatory loans. FTC files charges. *REBUTTAL *EDitor's note: Why so many victims? (#4805)



They filed the following rebuttal to the above Rip-Off Report:



Their email: nathan_w_cheng@yahoo.com

Their name: Nathan Cheng

Their phone number: 949-510-1132

Their relationship to the company: Consumer Suggestion



Rebuttal:

I am trying to decide whether or not to join Primerica, so I am carefully reading through everything you have on it. I just noticed that this particular complaint is based on a certain referenced article. If you go to the referenced URL and read the article carefully, you will notice that the alleged abusive lending practices at The Associates most likely were occuring long before Citigroup merged with it in November 2000. Unless you can somehow show that Citigroup--and Primerica specifically--continues to encourage those abusive lending practices, there is not too much ground here for complaints against Primerica.

This email is a rebuttal to RipOff #4805.

It was sent by Jim Miller at wheeloftuna@juno.com.



Primerica marketing markets predatory loans. FTC files charges. *REBUTTAL *EDitor's note: Why so many victims? (#4805)



They filed the following rebuttal to the above Rip-Off Report:



Their email: wheeloftuna@juno.com

Their name: Jim Miller

Their relationship to the company: Supporter



Rebuttal:

QUICK NOTE: I am a representative of PFS. I logged in as "supporter" because "owner" is not true for me yet. I have a few simple questions for the editor:Since when is 15 "so many"? Besides, lemmings and sheep will follow each other off a cliff in vast numbers. Does that make them right?



It is obvious to me that this nameless "editor" has an axe to grind against Primerica. Thank God for free speech. I'm sorry you had a bad experience with Primerica. However, your criticism would be much more credible if it wasn't so filled with vitriol & animosity. You accuse us of being cult-like. We are merely passionate about what we believe. You are no different. I don't mind your criticisms, some of which serve as

excellent warnings to those in PFS or those considering joining PFS. (For example, it is indeed hypocritical to get uncontrollably in debt while trying to help others get out of debt. That is an individual's choice, however, not an institutional practice of Primerica.) However, when you use anecdotal evidence mixed with bad reporting, your message gets

clouded. This particular Rip Off Report is an example of bad reporting.



You make it sound like these loans through Commercial Credit & Associates are all the loans Primerica does. This is not true. You fail to mention our mortgage loans through Travelers Bank & Trust and Citimortgage. This represents by far the lion's share of the lending that Primerica does. It is misleading to leave this information out. I doubt that this predatory lending charge will stick. I could be wrong. At any rate, to take a mere

accusation and use it as fuel for your arguments (without emphasizing that it is an accusation) is simply BAD REPORTING.



To your credit, you do allow rebuttal, which does give people the opportunity to hear all sides with their respective biases. The fact that your Editor's Notes appear ad nauseum after each one is a little disturbing, but it's your website. You can do whatever you like with it.



Thanks again for the opportunity to set the record straight. And thanks again for reporting your bad experience. It will help me to make my Primerica business better.

::::::::::::::

EDitor's Comment::::



Yes, our web site only has 15 Rip-off Reports on Primerica. But, inside each of those individual Rip-off Reports are several other victims who have also responded they were victimized too. Our web site has not been around that long and has a long way to go. There are hundreds maybe thousands of reports on Primerica all over the Internet.



If you are saying I'm sarcastic, then I agree with you.

I say things like I see it. I always have.



I have no ax to grind against Primerica. But, I am here first for the consumer.



Again, if Primerica is such a big company, why don't they just give these hand full of people their money back. It's not Primerica, it's the individual sales people that don't want to loose that commission, while Primerica looks the other way. Primerica should get to the bottom of these claims and not by hiring big shot lawyers like I said before. Give these victims their money back, you'll get a lot more good out of it than you realize. Forget about those charities you brag about. Start taking care of the people who thought your program was for them and then realized it was not.



I feel like I'm dealing with a bunch of car dealers I know across the country.



EDitor@badbusinessbureau.com

This email is a rebuttal to RipOff #4805.

It was sent by peter at peteywantacracker@yahoo.com.



They filed the following rebuttal to the above Rip-Off Report:



Their email: peteywantacracker@yahoo.com

Their name: peter

Their phone number: @Rebuttal_Phone@

Their relationship to the company: Owner



Rebuttal:

I FEEL VERY SAD FOR PEOPLE WHO HAVE NOTHING BETTER TO DO BUT TRASH THE GREATEST COMPANY IN THE WORLD. GET TO WORK AND MAKE MONEY FOR YOURSELF.YOU



BUNCH OF SAD SACKS.



EDitor's note to the above REBUTTAL, Why so many victims?:::