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If this issue was costing them money, they would change it. My fellow employees are a wonderful group to work with. SAVE YOUR LIFE- DONT JOIN PRIMERICA. But Ive been coming up with excuses why i cant meet back up with him because things just didnt seem right after i left that 1st meeting. She asked if the woman and I interviewing would be interested in receiving our free financial health check as well as a follow-up appointment for the orientation session so I can get out there and start making money. Posted on . Toward the end of my time there, hed told me he wanted me to set up Primerica as the retirement investment for employees. I, pretended was interested, really put on an academy award performance. I had a bad feeling so I googled the address. Do whats right. I did not show up to the interview, after 30 minutes passed from my scheduled interview I got a call again from the VP. He kept repeating that they are teaching people how to use their money, but without really saying anything else. Thank you for the heads up!!! id number? I was an Amway distributer years ago. Obviously the other side of this coin is that reps/and recruits dont benefit, and dont find enough value to stay. The big no-no for me was that I asked him for a pamphlet, like an information sheet and he was like what do you mean. I was thinking it was odd that I still didnt know the name of the company. Its a good thing Im not stupid and always look up companies before I contact them. Why keep this guy waiting, wasnt that terribly unprofessional and disrespectful? Pyramid scheme - Wikipedia I already worked full time for a corporate company but just needed some side income. (Formerly pre-paid Legas Services, membership I have had for 16 years. All-in-all, aside from the financial advice that I found sound and pretty basic, it was a complete waste of time. I have been invited to go to their local stoughton office for the meeting where i would be taught getting out of debt tactics while making $$; spoke about how his son was making 37k a month, his other son having a house built blah blah blah. PFS Investments Pay & Benefits reviews - indeed.com That is why the poor get poorer and the richer who work there ass off get richer! Life Code, the real world. He gave lots of the same info and elusive answers reported here. The whole conversation was geared towards selling me on deceptively common-sense information about what I assume to be much more complex financial decisions I have a friend who works for an insurance company, and given how much time hes spent studying for his degrees the claim that, in a few months and for $99, I could sell my friends and family (and then random strangers after that) on insurance was certainly too good to be true. Im 21 and just recieved a called from them while at work stepping away from the front desk i answered to a guy who gave brief detail about everything your reading above smh not going! Legitimate companies give you details and job descriptions. Then he went even further to explain that he could help my parents lower their insurance, debt, and help me pay for my college textbooks. How what they do helps people. I asked, how can I be that guy? (pointing to the top of the pyramid). he will help me get lower car insurance, maybe life as well. Look into those; and if the person you are dealing with only goes to the one service and being a rep,, find another Primerica person to help you. Got approached at a random target by a lady commenting on what I was wearing not a job. Im here to see how this turn out(Micheal Jackson Thriller Popcorn Meme). Lawsuit Against Expert Witness Highlights Issue of Conflicts of Interest, Jackie What an interesting comment! He didnt think to clarify my concern so I cancelled the interview there and then. Sell any and all medications over the world. I can see her answering it even in the middle of the night to talk me out of cancelling. You are followers, not leaders, and Primerica is looking for leaders. We had a small conversation and she claimed she liked my personality and gave me her card. After the presentation, the young man asks me if I have investment services or life insurance. He said there would be training and thats what my friend was getting into. I pasted a smile on my face and said of course, hes expecting you, he just stepped out for a few minutes though inside I was fuming. I hope this helps anyone considering Primerica or any MLM company for a career but dont let desperation drive you to a poor career decision. Primerica Review - Is Primerica A Pyramid Scheme - Scam Or Legit I figure its a slip of the tongue and she means AtlantA, but throughout the conversation she keeps excitedly bringing up Atlantis. Ive spent 175$ in total so far. MLM or a Pyramid scheme.Primerica is a Pure Business opportunity, the . Am I applying for a job? She deflects quickly, This is the part when I get to know YOU. Who invites salesmen to present at a leadership conference anyway? While often legal, taken to the extreme, multi-level marketing becomes a Ponzi scheme. He wasnt really giving me a clear description of the job, but I still heard him out. I dont NEED this job. I went to the orientation before with Primerica and discovered that it was a MLM. If it is such a scam, why is it that people can actually make some extra money once they are trained? Because MLMs are pyramid schemes in which 99%+ are guaranteed to fail. Thank you guys. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. Long story short he told us it was a company about life insurance and that wed help families bla bla bla. A phone call is more personal, and taking down someones number to give to ones own trainer is the model we use. They use the classic BAIT and SWITCH for everything they do. Unfortunately, almost everyone in pyramid schemes lose money. OMG thanks for this website!!!!!!!!! To all of the above comments and so called pros in the MLM companies, to each their own. The truth is that the interview is no interview at all. Primerica offers a variety of financial products and services to consumers through their nationwide sales force. Whatever I did, however I asked, he would not tell me what positions he was trying to fill and that was a big red flag for me. Thank you to all those who contributed to this thread and I wish you all the best of luck in your job search! As it turns out, I am a lapsed Catholic and an Atheist, but I still wear a silver communion cross so she may have been taking a stab. 8 Controversial MLM Schemes To Stay Away From | GOBankingRates You are not your own boss if you have to hand over your personal contacts to your Primerica rep and get no pay for having to attend their training and info sessions. If you have a 6, 63, and 7 series. I interview with a Primerica Financial guy like 15 years ago. Need to find a different location? I received invite to interview Thanks for this website, now I know its a scam and Im calling off the interview!! http://www.sequenceinc.com/fraudfiles/2015/03/multi-level-marketing-is-not-a-business-its-a-pyramid-scheme/. Nothing! Honest goods and services were never made to be traded for money. I was not at all interested in becoming a sales person. Wow, thank you to all who posted about this company. I would suggest insurance agencies and companies like Edward Jones. Yes, nice to meet you, I replied as I stood up, my 511 frame towering over her by at least a foot or more. I just had a very recent run-in with a Primerica recruiter. Im going to trust my grandpa on this one. My angel on the shoulder came in the form of a call for a contract position at a big investment bank. As cool as this possibility sounded, it just seemed way off, I had many red flags that popped up and wanted to inquire on them, one of which I did, but figured Id investigate a bit first. Took a few days of being put off, appointments came up, etc, but finally we were sitting in his office, my stack of resumes in front of him, me sitting eagerly poised to take notes. Yes There are 76 helpful reviews 76 No There are 37 unhelpful reviews 37. How likely is it that they can manage to fool all 50 of them? Thank you for participating. What a crappy thing to give your life to. If anyone can reply below this with advice Id really appreciate it He also has my first middle and last name, DOB, email and phone number. I mumbled something about Ill see what I can do said my goodbyes, and bowed out. Clearly if one can do that for another, one should be able to pocket a nice income Once she quit her little dissertation on the gap between the upper class and middle class and how the middle class can become upper class with our help, she told us to wait as she brought in the guy who had written the review for the company (5 stars. I said I dont have the money (but the back of my mind I know that it is already a scam). I just went to a meeting last night, everything previously written by past people are true. Is Primerica a Pyramid Scheme? Here's Why Most People Quit I noticed that he put me as a recruiter on one of them, and himself on the other. About a week later she calls me. Asked for my phone number, stating that while he didnt know my situation, he would be interested in offering me a job. My typing speed is about 60 wpm. I dont know why, but I say okay. While many financial professional aren't interested in working with the middle class,* Primerica is committed to helping Main Street families save and invest for their short-term and long-term goals. I drove out to the location, got there 15 minutes early, so I sat in my car. Some people are so desperate for money that they are blind to this. Is Primerica Legit or a Pyramid Scheme? - Impact Marketer My initial interview appointment was a positive experience, but the compensation structure (or lack thereof) was raising red flags. I feel dumb. Even the man who started it wants nothing to do with what it has become. She asked for my number that way her trainer would contact me to set up an interview. Mr. John A. Addison Jr., Co-Chief Executive Officer. Please advise if any lawyers or regulators read this ! 85% of people cannot pass insurance test. Im not in huge need of anything, Im just exploring my options. He ask me if I know this name. These places and factories will make organic as possible, vegan as possible, human friendly medication. She chats up the bartender who seems wary of her. After that she was with very little interest to meet again. Her last attempt was to try and sell the financial services to me. He keeps insisting to do it that day but I firmly said i will think about it. Like the $1000-$2000 a month for 10-15 hours a week? I have another so called meeting tonight with him. Telling people they are lazy and that you are filing complaints, get real and get a grip.To the guy who posted the God, stuff, God also put greed as a deadly sin. I shook my head, frustrated again, starting to wonder how long it would take til I would really succeed at this. I did. I basically got the same answers I received from the man at Target again. The fact that she had to describe it as a business opportunity, and not a job already set off alarm bells, as such language is common in many scams, but I went to the interview to see what it was all about. Do your research people dont fall for pyramid scams. This is the same for any insurance or investment company. I tried asking where they got my information from but they said they didnt have that information with them I have an interview tomorrow Not sure what to do HELP! Anyone who lasts with them is a masochist. Were looking for someone to hire and train as a investment advisor for expanding finance department. He kept asking me weird questions and giving even weirder examples. I show up on time but, honestly, a little worse for wear. Yes, the fake interviews have occurred. Amway is a well-known brand based in the United States that distributes health, beauty, and home care products through a network of independent business . So a woman called kim called and set up an interview with me in a city nearby. I assumed that would have ended the conversation. And also when he would say how much money people would make he would wait for me to respond and I just gave him a blank stare. My friend at the time asked if I wanted to join an informational session with Primerica and see if it was something I would be interested in. Same thing as he told me when I asked him why I hadnt been told about the fee to write the state exam: we give recruits information on a need-to-know basis.. too much information would overload your mind and paralyze you from making smart business decisions.. However, when I suggested that my previous experience would leave me worthy of positions like Business Analyst, I was informed that those positions were only available in the corporate office located in Georgia. 1.) I got called on resume. I have followed this blog for quite some time. I called her back a couple days later and she scheduled an interview for this coming Monday. The company is not a scam. Term Life Insurance 3. How in the world they got my resume in a snail mail environment is still a mystery. Call away, I figured. It all seemed so legit at first and since this was my first interview and Ive been looking for an internship, it seemed perfect. What would happen if I cancelled the whole thing? I wondered to myself. He said he absolutely understood that and that his office was new and he had many openings. However, it does not mean that because it is legal that the company' structure is not shape like a pyramid. Deep down I felt angry.. what part of this was training to help ME? He gave me the address and I had the phone number now. Then post your experience good or bad. I imagined some movies I have seen that resemble these behaviors that became movies because they didnt end well. I reminded her I was not there for a financial health check, but rather for a job pertaining to repairing computers NOT a door-to-door 3rd-party insurance salesman. Experior Financial- FRAUD! PYRAMID SCHEME - RedFlagDeals.com Its not what you are told that is important, but rather what they arent telling you that really matters. As I could see in some windows and noticed these people were sitting and waiting, I figured a lot of interviews must be happening around here. I will not be invited back even though the host is consider me a friend and wants me to be on her team (her words). Im a chatty bend-your-ear kinda bartender, so as shes sipping her coke we start up a conversation. He tried recruiting me so I took the interview mainly as a courtesy to him. The evening eventually came to an end, and I watched John as he scored 2 new recruits. Well, all insurance agencies and brokerages have the pyramid payment style. She calls the next day and sets up a day and time to meet at an address. Below is a narrative of how this went down for one PFS representative. Now YEARS later Im getting calls from them. After reading all these comments im convinced now. What Is a Pyramid Scheme? How Does It Work? - Investopedia She stated that it would be for the Fort Lauderdale office but that more locations would be opening. As soon as I was better he wanted to meet that evening or would tomorrow be better. Enter your User ID and click Sign On. I thought an in-person cash payment would be appropriate for the funds but i guess not. He launched into his clearly rehearsed and scripted talk. wow I was suppose to have a interview with a person from pfs investments . Im here because i need a different job and it sounds more like he needs me. Made $100 in a single month. PYRAMID SCHEME. No, Primerica is not a pyramid scheme under the laws, because when you are investing $99 in this business, you receive a service, 2 days pre-licensing class. Legit MLMs and pyramid scams have a few key differences. Glad I already have a good job! they quickly muttered PFS. The FIT bitch (thats me) who wrote this is far from broke, and makes a great living selling legitimate services to people who need them. That fact in itself should be an embarrassment to any organization, requiring immediate action. Understanding The Tier-11 Membership Of Primerica After, he said I needed a state license to sell insurance and its a 32-hour course that costs $124 deposit. Everyone gets invited to stay for the informational session, and everyone will be strong-armed into signing up as a representative. My info along with my social number. 1. i dont get paid to recruit people, i COULD get a % of what they CAN make from what their clients get for premiums, EX. DO NOT give them the time of day AT ALL. Im not going to bother saying anything else since you all are just looking for a reason to not go. Youre building a team of individuals to get them to the top, too. I tell her I would like to do more of it. I too have been approached by reps from Prime America (while at work at 12:00 am) about this great job opportunity, that I have a great personality, outgoing, would fit right in yada, yada. Customer Service PFS Investment clients with Legg Mason, Invesco,Fidelity, American Century, Amundi Pioneer, Nuveen and Franklin Templeton funds may check their accounts here. 8 Controversial MLM Schemes To Stay Away From. Please please please stay away from this scam!!! I am so tired of these scammers connecting with you and then giving you a sales pitch. She then proceeds to pitch to me what Primerica does and how important life insurance is. I was in Primerica back in the early 90s when it was called PFS (Primerica Financial Services). A full 84% left prior to obtaining their insurance license. What deity do these two preachers represent? I showed up for the interview and no one knew who I was supposed to be speaking with. The lady that answered, said Prime America, how can I help you. Came to the appt. *Money.USNews.com, "How to Find A Financial Advisor if You're . And many join daily as new agents. I understand everyone needs to make a buck. His BTW came out his wife works for DTE because he says during this interview I always tell my wife after 10 years of her working for dte she will be able to retire and be a stay at home mom like her dream and that is soon, SO I ask, Do you work there during the days and at which location She tells me and says Oh this is just my side hustle everybody has to have at least one, I used to do make up and hair, weddings and birthdays, blah blah blah.