He had pulled out a 4-6 page brochure that explained why everyone needs their services. These companies actually have them sell their products. Im still researching the fact, yet still smell pyramid. Promptly at six a man walked in and introduced himself and said he was there for an interview with John. I said to him I got a call for an internship two weeks ago but they never got back to me, so I was actually happy to have received that call from him. SCAMMMMMMMMMMMMMMMM. I got a call at work late last week from a man who said hed overheard my conversation with another customer and was very impressed and wanted to talk with me about a position with his company. Easy. I am saddened to see this website because the information given is totally inaccurate and people will listen to this guy instead of researching on the GOVERNMENT websites to see that Primerica is an amazing company! A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products.As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal. to sit down with them to straighten their finances out. I joined Primerica in 1999 for about 5 minutes. I got a phone call today for an interview and reading all this is really got me thinking twice, PLEASE READ, HOPE YOU SEE THIS! That fact in itself should be an embarrassment to any organization, requiring immediate action. So I bit and went to the interview. During our brief phone chat, she asked if I knew Primerica and I told her that I hadnt. People are recruited into downlines. Isnt it a blatant cheating? They know what positions they are trying to fill and what each position entices and dont beat about the bush when asked about that. Primerica offers a variety of financial products and services to consumers through their nationwide sales force. They kept touting how much of a hard worker I am and how valuable I would be to them. He wanted to set up an interview as soon as I was better and continually called or text me to see if I was better. No, its not defamation. I had a job interview with them, after applying to places that did not have them under it. Its headquarters are located in Duluth, Georgia, and the company offers services across the US, Canada, Guam, and Puerto Rico. This is more of my experiences and not really bashing Primerica. So I was going to take my one and only day off this week and go to an interview only to find out that its a scam of some short. An hour and a half already? If the only business positions are in Georgia, what do they expect people to believe they would be doing where they live? However, the options you'll be presented with are dependent on your age. I asked what company is this and how did they get my number considering the fact I havent applied for any job positions in almost a year. Anther warning flag went up. Ive written about Primerica in the past, questioning whether Primerica is a pyramid scheme, and whether PFS is a scam. I wen to to their office and was asked to fill out an application form. I walked in and saw chairs set up like there was going to be a lecture. Needless to say, Im glad I got out of that one. I will be posting this to all of my social media, explaining what a scam this company really is. When called at home, I got a vague assurance that I would be a good fit. Do whats right. Naturally, none of this sounded normal. The man called the following day (just as he had said he would do). i cant even find myself, and i know where i am. 2. I felt anxiety throughout this whole calling session. Thank goodness I didnt fall for that crap. Surely a man that professional-looking would be deterred by someone as inexperienced as me in the room, I rationalized to myself. I put down my 5 usual references for jobs and returned the clip board to the receptionist. The meeting was for today, in fact. My friend joined this because the company we work at now isnt good and this company made her feel good about herself. THIS IS A BUSINESS, and youre too lazy to work for yourself or want to educate people on their finances. Financial Advisor (Former Employee) - Fort Worth, TX - November 23, 2022 Based on previous replies on this blog, scripted interviews seemed frequent. The Financial Industry Regulatory Authority is accusing former broker Barkley Lundy, who worked with PFS Investments, of defrauding at least 20 customers.The self-regulatory organization claims that from at least 1/11 through 3/14, Lundy took these clients' funds and placed the money in his own bank accounts. Thank God for the info I found out on the inernet. As soon as I answered I heard someone making silly sounds and I wondered if it was someone I knew but no it was the gentleman who said he was calling me because my friend had recommended me for the job before I was a hard worker and he wanted to know if its true..we began talking for a while. The people that I know who were roped in were all pretty dumb with no college education and in a dead end job. When I started asking for e-mails and more information about the company. I went for the so called interview today and was completely confused and turned off. Answer (1 of 24): From my recent exploration of their compensation plan, they are very similar to the traditional broker/dealer -> agent model of insurance, real estate, and mortgage brokers. I noticed $99 needs to be paid. Furthermore, in order to get into a hedge fund, one has to invest more than a million dollars out of pocket. I thought I had a job interview today where the man switched to trying to get me to be a Primerica rep. Yes, education is important. I gave them my information, and even the information from one of my credit cards (which Im afraid that they will still use even though Ive already called & told them to shred/dispose of the information!). I didnt follow those steps due to a time constraint but thanks to your comments I know I will be making better use of my time! She told the lady who contacted her to give me a call the next day. I did go to an interview with him his office was eerily empty, a dark, one-floor building that looked more like a conference center than an office space. I will not be going and now I dont think Ill give them any more of my time by giving them notification either. I would see this slightly desperate look in her husbands eyes every time he asked if I would be interested in joining. Unfortunately, almost everyone in pyramid schemes lose money. I didnt want to wright to much, sadly it got away from me. One of my classmates from a dispute resolution class I had this past winter called me one night about a business opportunity she wanted me to check out. In fact, in a few months they are sending her to Atlantis. He had his upline with him during the visit and presented me with a PowerPoint presentation. However, companies, I was in college when they reached out to me about coming there to work. I work full-time and train in martial arts. 6. last and least. Dont confuse this with a real business. I play along, cause I dunno. I received a call and was told someone left my name and number on his desk. I start to feel under-dressed in my khaki pants, short-sleeved button-down shirt and silk tie. At this point, things seemed a bit odd. I returned her call on Monday and it was all very vague. does anyone here even know what a actual pyramid scheme is? Now YEARS later Im getting calls from them. If you have been invited to an interview, I can tell you that someone cared about you. Worst case scenario, I figure, its a connection or something. They contact the job seekers with an offer of an interview for an opening. MLM jobs are not jobs at all. More importantly, I never found out why the middle-schoolers were there! She gave me vague details about the company. I went to the first interview today. Its such bull do do guys. 12 hr days and have to many days off, I have time to put into a might work job to help me out for my goals in life. Known as a co-founder of EarthLink, the internet service provider that . Primerica Compensation Plan How Much Does It Cost to Get Started on Primerica? Second is you would stay for a career information session at my office with all of the successful interviewees and then I give more information. 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. But, the girl I were with got in the rm first then about 6 mint or so the guy came back & say give me 5 mints for you to be in the rm. Got an e-mail (I use that term lightly, he had a hotmail address) from someone saying my resume had been passed on to him. John breezed through the door and introduced himself then instructed the man to sit down for a few moments; hed be right with him. thanks for the honest comments I well be cancelling my interview tomorrow. Oh, and I will be getting a term life-insurance policy, just not through Primerica as they do not show up on anyones top ten list of term life insurers. Everything Ive written here is true so please dont waste your time on these people. Unlicensed workforce gets average 1,250 a year kickbacks from recruits and percentages from sales without license. After reviewing those comments I will not be going for and interview. He clapped me on the shoulder with a hearty see you tomorrow for training! and I watched him climb into his beat-up Honda civic. He said to meet him tomorrow at 3:30 pm at the address he provided which was a Suite building. No one ever said it was going to be easy, and if you thought it was, then i dont know what to tell you. He had been eyeballing me since I walked into the store. He went on to explain that the company offers free financial health reports to perspective customers and that all they ask in return from the prospects is they offer up a list of 15 local contacts so they can hopefully recover the expense of this complimentary offer. Thanks for the info, I got a call from them this morning and promptly cancelled after reading this. Theres no scheme, no one earns more unless you DO more. After reading the warm market info in the above posts, am kind of leary. Typically I dont answer those and wait for a message. The so called VP is there and questions were asked and at some point, the so called VP (he looks like James Ingram) said that I need to pay $99 for my financial license to be able to get the job. 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. Again, we talk a long time. Anyways, being a young, naive college student I listened to him and eagerly tried out the company thinking I could use them to get my Series 6 and Securities licenses and quit. The manager said he liked me, from a business standpoint of course. Our Primerica life insurance review comprehensively analyzes the company's products, rates, potential drawbacks, and more. I know hedge funds can guarantee growth percentages, but never can they guarantee one that high. Why keep the name of the company a secret, wouldnt they eventually HAVE to know? Yes many consumers arent sophisticated about insurance, which is why it can be easy for a Primerica rep to sell them a crappy product at a higher price. Real estate agents and brokers are not in the business of recruiting. As a matter of policy, BBB does not endorse any product, service or business. Just had an interview todayit stated just as everyone elses with a phone call from a lady stating someone gave me your name and advised me you were looking for work and you have a background in administrative work and customer service she said she wanted me for an office manager position. I emailed Mark back asking if 10 am worked for him. I feel so used and abused, and the trust is gone! I could barely understand the guy. I got suspicious after I asked her the company name and her voice sounded muffled everytime she said it. Its the 23rd already, isnt it? Im sad to read all this because it is true. I just got a call from them today 3:19pm 6/14/16 for a job interviewim ill and cant work right now and its sad to see this is still going on in 2016but im happy for this site to help spread the newsthe caller left a message i did not answer i looked them up and ended up here.thank you all for your helpful info! I got the call on Monday evening from a woman (name witheld by me) asking if I would like to be interviewed for a position with her holdings company, Primerica.She told me she found my resume online and I looked like a good fit. I respect that! Three days ago, a pair of women came into my store to purchase some items. So I asked if she had a website to see the company information and she said it wasnt set up yet. Well her assistant texted me the address and I like to research things so I researched it and the first result linked to a Primerica site with that address on it. Primerica is so desperate for recruits that they petitioned to make the Series 6 licensing exam easier. We have 40,000 new clients each month if you joined and didnt work, youre not one of the people who make money with us! That drives traffic to this page, where potential victims are getting the real story and are able to avoid the company! Especially because it just didnt seem necessary. I should be filling out my own application. it takes 1 minute to call or text. She has put no pressure on me, and she first spoke to me about the companys functions, as if I were wanting to be a client with them,m and then we discussed the business end. I tell her about my jobs, what I used to do, etc. They contacted me, offered to meet me to just talk, and sat me down at a coffee shop (they wanted my husband to come to but he wasnt interested). Sep 27, 2021 7 min Read . As someone who has worked for sales organizations for many years, I am really annoyed by the recruiting tactics of some of these folks who run MLM outfits. He not once mentioned how or why he chose to contact me. She got extremely defensive when I called her out on the scheme of things and told me not to just Google them. Anyways, Im cancelling that visit and now im off to the bank to change my debit card number to be safe. Im not going to bother saying anything else since you all are just looking for a reason to not go. And we are educated, if we werent, we wouldnt have had researched about primerica. He called the next day and asked to me come to his office so we could talk more. Flyer also says we cover the business ownership & part-time opportunity. I went to the office the next day and talked to the rvp and told him what I knew..his wife was there and was furious. WHO calls someones parents to schedule a meeting to make them feel more comfortable to work for them. Ever since I graduated my undergrad Ive gotten random phone calls from shady looking companies that I never applied to. Oh well I showed you the PowerPoint and video?? Very very glad I read this. I ended up seeking out one of the young men and telling him I was there for an interview with Mr. Blah Blah. I am sick thinking that I signed something that I didnt read, gave her my social security and address. Multiple levels = MLM. The problem in this country is the mindset and victim mentality nobody makes people stay small and closed minded! Tuesday evening came around, time for the interview. The dude ignored me completely. One last question: Might you also direct me to the financial services provider anxious to hire a gray-headed, chicken-necked, bifocaled old cronewhose work ethic and ethics generally are strong?! What a waste of human DNA both of them ! Of course that is enticing. The fact is, it takes a good person to spread good, there are many jobs out there that are good with bad people running, working for them. I do wonder if some above posters simply arent aware of either the licensure fees part of several industries and/or of the time and effort required to build a client base in any commissioned sales position? I never identified the gender of my child (which is a boy, by the way). Report investment scams by state-licensed companies to your state's securities administrator. This business is in a unmarked building near a woods, although that was scary enough I reasearched and found this. Mary arrives and is her same cordial self. Most all businesses fail, traditional or mlm. I think not! Not going to take offer with the tidbits from this site as well. Lesson learned. Im a chatty bend-your-ear kinda bartender, so as shes sipping her coke we start up a conversation. I was referred by a friend who recently started working there. 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. I am suppose to have an interview tomorrow as well. NOT!! People in MLM pay to play. So I booked an interview with him. You are followers, not leaders, and Primerica is looking for leaders. Since 2009, Primerica has recruited 1,502,173 people. He asked if I had a job and I said no but I need one. Another flyer announces two meetings. Kool-aid anyone? As for the Author she seems to have ulterior motives and a chip on her shoulder regarding the company. How fun. I dont know why, but I say okay. We finally found David. We are not a scam and there are no fake interviews. Every person recruits, and everyone below them recruits, and everyone below them recruits, and so on. He asked if I have ever heard of Prime America (looking at this site at the same time) I said yes, he sounded surprised oh you have Yes I said. Need to find a different location? Im not recruiting people into a pyramid scheme and praying that they recruit more so that I can make a few pennies. Out of curiosity, why not expend the same energy to become successful at something you love and be at the top of YOUR pyramid and opposed to being at the bottom of Primericas? Multi-level marketing is not a business. Just got off the phone with a recruiter from Primarica, and he made it sound like he sought me out for this position. http://www.sequenceinc.com/fraudfiles/2015/03/multi-level-marketing-is-not-a-business-its-a-pyramid-scheme/. So, I googled the companyand here I am. Like many before me, I posted my resume online for an employment opportunity. The guy on the phone was super nice and seemed waaaaay too eager for me to come in, especially since I told him up front that I had no financing background. Primerica also works with affilitates insurance agencies that deal in home and catr insurance, even selling home security systems. Both part time and full time. She said they were just getting established here. Was hit up on LinkedIn and Im not looking for a job but still wanted to search out what crazy company was messaging me on LinkedIn again. When I told her I was not looking to invest in a life insurance plan and proceeded to attempt ending the call, she said but you have a daughter. Low-Cost Business Startup Not every business opportunity comes with a low-cost setup like Primerica. I was approached by a lady who came shopping in the store I work @ now. I felt awesome, like he had seen the potential in ME to want to spend time teaching me. (applied for this position on Craigslistthe number I received the call from was 347-753-3377). Let people make their own decisions. They both return later that same evening and buy more merchandise. Allow me to tell you about it. I sent him a follow up email to try to nail down a time again. He acted surprised that I had not. Well, no touchdown today for you, Primerica! Im not looking for a job. He just missed the Pyramid Gravy Train by a couple of levels. Almost made it, but nope! 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. I want to get out of there now. A few of us bought into a resume site, access to hundreds of local resumes. The early investors actually get paid those big. Were not talking about a rogue recruiter here and there. A few of my friends got roped into this. Shame. Do you even know why you exist? Needless to say, not going. Again why have they not been charged if they are doing something illegal? Call away, I figured. Ive read just about every comment and I am not going after all. Looking for any advice to be offered before the impending interview.. As always, researching before contacting is saving me from MLM opportunities/, I had a brief interview with a ( PRIMERICA REPRESENTATIVE ) , right from the start i saw the deceptive BS that they where trying to scheme up. He kept messaging me even if i wouldnt give him a reply and somehow found my number and keeps contacting me. He sat next to me while the guy gave a speech on how much money people were making and talking bad about my job. Just went to one of these sad displays lst night got dragged in by a friend. When I looked up this company, I saw that they had an aggregate rating of 1.6 stars out of 5 on Consumer Affairs, and I felt simultaneously relieved that I didnt let them get my bank information by putting down the $99, and horrified thinking that I could have been among the many people that this company had roped into their scheme. For instance, he said Whats your favorite restaurant? He keeps insisting to do it that day but I firmly said i will think about it. A pyramid scheme is a business structure that pays more for recruiting new members or distributors than it does for selling actual product. There was two guys Anthony and some dude who looked like he snorted before he came in. Scum Bag Scammers! Surely it wouldnt matter in the end, as long as we get the recruit right? She identified herself as PFS, never mentioning Primerica. Wow thanks I have interview Monday but I will canceled. And you say Im too lazy to work for myself? Im not sure why the internet continues to say PRI is MLM. When I laughed at her question, she assured me it was because she wanted to know about my credibility, although she failed to explain how where my family lives illuminates anything about my character Clearly, they are looking for people with family/friends to pitch their products to. He vaguely went over how after the financial health check, customers see how their asset/debt ratio looks and how he then will offer them up solutions to get out of debt and start investing towards retirement. The answer, I am CERTAIN, is NO! They were put off because when they ask if anyone had any questions, I raised my arms and stated above. So i googled and seems like a scam i called back and canceled. When he came back in the office, he explained that there just happened to be a presentation that night that hed like for me to come to. Thanks to these comments I will not go. Her husband, a mechanic, got invited to a big fancy house and had dinner there. My interviewer brought me back to a conference room with a glass wall facing the rather short, narrow hallway connecting the reception area to the back room where the party was. Yeah definitely not going to this after seeing the mass amount of negative comments. Just thought I would share my very recent experience and thank you to the author of this blog for posting this, otherwise I may have been suckered into an interview but then again, I dont typically work or have any experience in the financial industry and tend to stay far away as it is for positions like this or anything to do with insurance etc. Funny thing is, the first 20 times I heard this same spiel I was envious of his life and attracted to the lifestyle he proclaimed was not only possible, but a given if one followed his leadership. The bottom line is that Primerica sells legitimate products and services (life insurance and investments), but sells them at inflated prices to generally unsophisticated consumers. THANK YOU so much for posting this.. Should have gone with my gut. Primerica is a leading financial services provider that has been in business for over 40 years, is publicly traded on the New York Stock Exchange under the stock symbol "PRI", and is rated A+ by the Better Business Bureau iii. The conversation, again, was mostly about me, prompting me to sell myself as someone who should work there. The one thing that did get me, however, is on Google Maps, the place did not have a name. He tried recruiting me so I took the interview mainly as a courtesy to him. I was actually recruited by a Primerica rep that paid the $99 fee for me. Hadnt I just provided 5 local contacts? Today the husband called and said his wife said I had people skills and was very vague and I had to really ask what was the company after the asked me to come in for an interview. Please advise if any lawyers or regulators read this ! My friends husband was at least honest and up front about me in terms of selling insurance, which I appreciated. And yes the higher ups do benefit from your recruits they arent going hard for no apparent reason and they will convince you they are blue in the face that Primerica will help you build your own business within a business. It was fishy at first, but I thought the best of it. She starts explaining an elaborate scheme to sell insurance, basically, to poor people. Jorge Exactly what is false and untrue in this article? I was an ex muslim / teenager from afghanistan with 3 jobs when i got sucked into this unathecal business . The graph had 1 gent at the top and every subsequent tier had exponentially increasing members making exponentially less money. They are in fact the Primerica guys, lecturing the invited people to pay them $90 to own a business license and the usual multi-level marketing stuff. Just before the session started I looked at the guest book and noticed that John had put his name beside most of the new guests, though 4 were a result of my resumes. BUT, there was something not quite right about him, too smooth. She handed me a clip board and asked me to fill out the information requested. They explained how everything worked and it all seemed to be on the up-and-up. But he had no idea who. Similar situation Primerica just needs to do everyone a favor and be upfront about the type of business it is. ALL THEY WANT IS YOUR MONEY . She was upset and wanted to know who told me those rumors. Be aware, I messaged on Facebook, and the account had comments saying Hey man, I think your account got hacked Ive been getting odd messages from you. I looked him up a few months ago. It is mostly about convincing them to but term life insurance of which, the first yr. payment is split among his upline. Heres this site. Because who wouldnt want to make money a % off ur recruits even when your not there to make the deal.We scheduled another appt. They really helped me make up my mind. He had a misdemeanor when he was younger and it affected him getting the position- so he said. I was an Amway distributer years ago. She gets so defensive when anyone questions her work. I think its great that youre considering getting back into the workforce, and its probably a smart idea to start off part time. Thank you! Duluth, GA 30099-4000 Visit Website Email this Business (770) 381-1000 Primary hours 9:00 AM - 5:00 PM BBB Rating & Accreditation A+ Accredited Since: 1/1/1980 Years in Business: 46 Customer. He didnt even walk me to the door, shake hands with me, give me a business cardnothing! In a legitimate insurance agency, there is a general agent with agents under him or her. Broke people mentality. She gave very vague answers, told me her secretary referred me and that she worked for a financial firm looking to hire about 20 people to work as trainers. Only two other rooms seemed to be in this building, a walled-off office and a copy room that was more or less a bump off the main hallway. And i was highly qualified for one of their positions. I dropped out because most people shop for bargains rather than invest in the business. Primericas main financial advice is the slogan By term and invest the difference which means figure out what a whole life policy will cost you, buy a term life policy, and invest the balance of what you would have paid for whole life into mutual funds. He proceeded to tell me that he called his partner about me and said I am great with people and would love for me to join their team if I was open to opportunities. If you want to get ahead in life be an entrepreneur. Everything I am reading in these comments sounds almost exactly like my experience with them. It would be nice if the government would step in and help protect the people who dont have the sense to see these for what they are. I dont know man. He frowns and shakes his head at me. But im not stupid so i looked it all up what the job was and where it actually was and this seems to be all true. Primerica, Inc. is a financial services company serving the middle-income market offering term life insurance and strategy for investments. I AM a great manager and I have been offered legitimate opportunities in the past, so yes, we exchanged numbers. Based in Duluth, Georgia, PFS Investments is regulated by both the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). I wasnt aware I had even received the job, so I just agreed and figured I could back out later. I was approached last night while grocery shopping at Star market. I thought everyone wanted/needed our products and opportunity. I was shocked. Their RVP essentially told me he only worked with people who used the product and believed in it. Sobeys. * Is it possible that the services Primerica provides justifies a higher product cost? That was definitely not the job that the Lord was showing me.