Rip-off Report INVESTIGATION: Primerica offers a good business opportunity and stands behind its products and services - Company Executives have told Rip-Off Report that Primerica pledges to resolve complaints & address any inquires from the past, present & in the future, ..and that's exactly what they've done & more, going beyond the call of good customer service..

EDitor's Comment: Rip-off Report Investigation: Primerica gets a POSITIVE RATING in customer support from Rip-off Report and is fulfilling its commitment to provide excellent customer service. Primerica pledges to resolve complaints and address representative issues. For a long time this EDitor had concerns about Primerica because of the number of Reports about them. For many months Rip-off Report was looking into the company, even before they contacted us to resolve any issues and mostly misunderstandings being posted by competitors. With over 100,000 representatives and 6 million clients, Primerica is bound to be the subject of a certain number of complaints about improper agent conduct, as well as product and administrative complaints. Rip-Off's investigation found such complaints, but importantly also found that Primerica is committed to resolving such complaints quickly and doing everything possible to satisfy its clients. It also takes appropriate action against any of its representatives who are found to have conducted themselves improperly or unethically. We believe that the number of complaints against this company, whether through the Internet or other channels, is small when put into the context of its enormous size. Most big companies would never commit themselves like Primerica has. Read our investigative Report and Primerica's commitment to 100% consumer satisfaction. www.primerica.com provides products and services through independent representatives. Primerica www.primerica.com has more than 100,000 licensed representatives who serve more than 6 million clients in the U.S., Canada, Puerto Rico, Spain and the United Kingdom. Through a Financial Needs Analysis www.primericafna.com, the companys representatives provide a snapshot of a familys financial picture and suggest a strategy for financial security via Primericas products and services www.primericafinancialsolutions.com. Primericas business opportunity is attractive to people from many different backgrounds, including women www.womeninprimerica.com, African-Americans www.primericaaalc.com, Hispanics www.primericalatino.com and young adults www.generationprimerica.com.

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===Below is the original Report that was filed=== Citibank - PrimeAmerica - Citigroup ripoff, pyramid scheme, scam Denver Colorado I'm filling this just to let people know about this company and hope they don't make the mistake for working for them. Number one, they are a pyramid scheme company. They hire you pretty much no matter what which is incredibly scary for a company that is dealing with peoples Bank Account, Stocks, Insurance and more. If you go work for Scottrade, T-Rowe Price, Merrill Lynch, etc... When you become a broker you get some of the commission for your trades and the COMPANY gets the rest. With PrimeAmerica the person who hired you gets a percentage of the profits and the person who hired him gets a percentage and so on up the pyramid ladder. Second they charge you money to get your brokerage license! There is only a handful of companies who charge you to take the test and for them to train you. Every other RESPECTABLE company not only pays you when they train you but they pay for your exam as well! Third No Respectable Brokerage Firm (if you can even call them a brokerage) recruits people in masses. You have to go in and apply with a stunning resume and background to even be considered to be hired. It is generally pretty hard to even get sponsored. Generally most people have to do it with smaller firm or even bank, credit card companies. I hear Visa is one of the best to take sponsors. Fourth you will generally have to work for at least twice as long to be making the money with this company as you would with a normal Brokerage firm. As not only do you have to maintain clients but you have to recruit people under yourself. Here is another little tidbit from the Better Business Bureau. Government Actions In April 2003, the Securities and Exchange Commission, New York State Attorney General's Office, North American Securities Administrators Association, NASD and NYSE announced a global $1.4 billion settlement with several New York investment companies, including this firm, resolving allegations that conflicts of interest between the firms' investment banking and research divisions led to the dissemination of tainted investment advice. Under the terms of the settlement, the firms were assessed fines, penalties and restitution, and have agreed to enact significant reforms affecting the relations between these divisions within the firms. So not only do they cheat you but they cheat their clients too! Christopher Denver, Colorado
U.S.A. Click here to read other Rip Off Reports on Citibank