Posted on 04/10/2006 7:20:26 PM PDT by LIBERATENJ
Just looking for more information on Primerica. It's a muti-level marketing financial arm of citibank that I had run-ins with a few years ago. Now I have some friends who are getting sucked into it. Any feedback Pro or Con would be appeciated. Thanks, LIBERATENJ
I wouldn't work for them. They almost got my wife to do it though.
I would assume that if you get high enough you will end up making some serious money but if you don't you'll just be scraping by.
But I do have some investments through them either way.
Check out
http://www.primericabuster.com/
95% of those who get into financial services (ie, pass their exams) are gone within a year.
Primerica's rate is 99.9999%.
And, they have a history of totally misrepresenting financial instruments of all kinds.
Thanks very much for that site. I went to a presentation (to become a rep) and was frankly unimpressed. As a MLM deal, it automatically falls into the "less than 2% ever make any real money" and it was clear that the products were "weaselings"; by which I mean...getting people to sign up (for a $350 fee, I will just bet) for bi-weekly mortgage programs that you can do yourself just by sending in the extra principal; for insurance policies, and any and all manner of financial chicanery; for annuities, that type of thing. The people who were there and claimed to be "in it" were.....ummmm, not people who made me feel like I would be buying insurance or much of anything else from them. They were, in short, Amway finance reps. There was a husband and wife team who claimed to be doing well. (I am thinking, great, only need doubled working hours and two salespeople to make this work) They were six year veterans and claimed they had been doing well for the past three years.
All in all, I left the meeting without the slightest iota of further interest. And I could tell from your linked site that this is the modus operandi: to churn through a huge pile of naive newbies and accumulate for the company their buy-in fees and whatever they are able to sell to their relatives before they quit in discouragement. Avoid, IMO.
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