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Primerica exclusively offers term life insurance through two policies: TermNow and Custom Advantage. Each policy includes term lengths from 10 to 35 years. Primerica provides up to $5 million in coverage and allows coverage until age 95. Primerica also offers coverage without a medical exam, depending on the plan.
Overall Satisfaction Rating
- 5 stars232
- 4 stars162
- 3 stars120
- 2 stars103
- 1 stars297
- Two policy options
- Riders included
- Insures seniors
- Payouts in two weeks
- No online quotes
- Only offers term life
Primerica offers term life insurance policies with term lengths up to 35 years and coverage up to $5 million. Policies are available for applicants up to 70 years old. No online pricing makes it difficult to explore policy options.
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MLM requires two things for participants to make money: recruiting and buying products from the company. Primerica does not require either, which is why I chose to be an independent contractor with me. Primerica is Direct Sales, which means you are an independent contractor with your own business. Yes, they recruit, but that is how they get new people and pay people for the time and energy they put into you. (BTW -- tech companies routinely give bonuses for recruiting.) There is a high cheesiness factor with all the meetings and positive thinking, but none of those activities are required. You are able to conduct your business in any manner in which you choose, as long as you are legally compliant and have high ethical standards.
All licensed agents in California must go through 32 hours of mandatory state licensing. Including 12 hours of ethics training. Primerica offers this licensing at a fraction of the cost of other places. And, it is identical to any other licensing -- because the insurance industry is highly regulated. A person pays $99 for this training, $20 of which goes to your background check.
Finally: some people have complained that they were automatically charged $25 and were not able to cancel. However, as a new rep, I was given a clear option to opt out of this service and told I could get a refund for my first month's subscription. This information was in the TOS, which was not in legal-ease, but in plain English. I also asked my Rep about this requirement, and he told me the same thing. Opting out means you have to go online and cancel. You cannot call. So, those complaints were made by people who did not follow the instructions.
I joined Primerica with the impression of establishing financial freedom. This is false! They are just out to line their pockets! After discovering what the business was really about I can say it was too late. I was forced to pay a membership fee for an app to keep in the loop. Shortly after joining I decided to not continue with them. I called and cancelled my membership so that they can stop charging me with the confirmation that my membership was cancelled and that I would no longer be charged for their app.
After reviewing my bank account I see that they continued to charge my bank account. I called them to see why I was charged. Their customer service is the worse. With sighing and loud talking by the people they have representing them. I am disgusted! After spending hours trying to get my charges reversed and unable to speak to a supervisor. They are denying me a refund for payments I cancelled 3 months ago. The best they can do they stated was to refund me for one month!!! Is this some type of joke of company??? Never again!!!
I want to state Primerica is one of the most trustworthy financial companies out there. They are rated 99% in forbes magazine. They responded when 9/11 hit when other companies sat on their hands. The founder made a public announcement to make sure all underwriters issued payments to the families that where lost in 9/11 accident who were insured with Primerica. Due to act of war terrorism and suicide other companies refused to pay out. I have enjoyed revealing the truth about other companies and the products that are being sold to families that are consider to be "life insurance" when in fact they are loans. I was a victim. If someone is trying to sell you Perm insurance over term please make sure you know what exactly those types of insurances are.
Perm insurances are loans. Dont get suckered in by a life agent who wants to just make a commission off of you. Primerica does whats right for the consumer 100% of the time. I have worked out of the LA office and The riverside office and has been a great experience. The knowledge gain is something no one can take away from me. Its not easy to be a life agent. Primerica has set it up so if you follow the steps you will be successful at what you do but just like your JOB, you have to show up to get paid, you have to put in effort to be successful at this business. It doesnt happen overnight. No one promises you will get rich overnight. Anyone promises you that run away.
Helping families is a great way to make a living and here at primerica is what I have been given the opportunity to do. The first months dont expect to make money right away, get training and get your license so then you can start making the money you desire. I promise you, you wont regret it!! Dont listen to those people who tried it and gave up! Listen to those who tried and are doing it and are successful at it. I promise you they will show you how and give you any information on how you can be where they are at. They are open books! Believe in yourself!!
From start to finish I spent 4 or 5 months in two different offices. I gave it my 110%. I was in a real financial mess. I'm giving them one star because they did have some really good debt management help. I studied really hard. The exams were brutal. Apparently they are in Ontario now. I passed on the first try. I went with two offices. The second one being one that was really successful. Or so I thought. I trained with more than one person. I did about 3? sales.
I did not get paid on my own life insurance. I did not get paid on the seg fund I sold because apparently it's not enough to get paid on I was told. I didn't get paid on the other 2 because I wasn't licensed for mutual funds. I didn't get paid because I'm so low on totem pole. I don't get paid. It's not worth it to cut me a cheque for 5 bucks a month. You are expected to go to consortiums, conferences, events. Wherever you are told they are. No matter how long it is. If it's a weekend in another country or a week, you cover all of your own expenses. All it is is people talking about how rich they are and the audience yelling amen! Like... a cult.
Overall they tell everyone that they would make great agents. They totally have amazing personalities and they can see success in their future. They will make RVP. They pay you some attention too in the beginning. Really make you feel like you belong. They will tell you how much they love your children and how special they are and how much they want you to succeed. Then when they see that you have run out of contacts and they don't like your ideas to generate business. They start to ignore you. I pushed it and said I want to be successful. I got yelled at and told off. I got told they didn't care about anything except making money. I did call the head office. I got told that nobody has time to micromanage someone who has no confidence.
I was so just done after this. I took a breath and I did 2 interviews with two other insurance companies. I wanted to know what the difference was and why Primerica trashes the first one I went to. I had to go through 2 interviews at each one and fill out a really long personality questionnaire. The first one turned me down. The second one thought I was great. This was a job interview I had to go through.
Primerica is great to get your license. It's a really cheap way to do it. Their products are legit. Maybe expensive but they are legit. That's where it ends. They changed the LLQP because of Primerica. They mass recruit and tell everyone they are great when they aren't and then it wasn't too hard to pass the exams. Now the exams are really hard so it puts a damper on what Primerica does.
I really wanted to believe in the company but I can't. If you go to a few interviews with different companies you will see a big difference in the professionalism in the agents. They dress more professionally. They drive better cars. I was training with a guy who had been there for over 7 years and drove a crappy old car. How come after that much time you aren't making big bucks? I think if you want to get licensed through them it's great! I'd leave right after. It's next to impossible to make any money. Their failure rate is unbelievably high. I can only get a job in the industry because I already have a license if I didn't I probably wouldn't. So if you are serious I would recommend Primerica just to get a license then leave quickly! Don't look back!
Bottom line up front (BLUF) - My story pretty much echos most of the stories in this link, which also tells you everything you need to know. 2 stars because all in all the person I dealt with was cool about it and very polite, but I just can't bring myself to give 3 stars. The Primerica recruiter (let's call them PR) did tell me the name of the company and that it was a financial type business that they were starting... but I am terrible with names, otherwise I would have done my research and saved myself the waste of time.
Anyway, I got a call from PR and invited to an "open house office" at 7PM. Odd time for pretty much anything, but for some reason, I guess overactive imagination, I pictured a rustic home office (being that it was "just started" by this person and their spouse) in the suburbs and I was being invited over for dinner and get-to-know-you before you start this "awesome" job. Anyway I digress - the time comes and I am running a few minutes late which had me all upset but was probably to my advantage.
I walk-in to an office inside a business complex with a large (30 or so) crowd seated to a powerpoint presentation. This should have been my first red flag but I didn't really think anything of it... I find a seat and as this speaker is talking... the crowd starts hooting and hollering for NO reason! I say to myself okay... they are giving a standing ovation, again I can see no reason so I stay seated with my poker face, looking at my wife who came with me, like what the what.
So then the speaker starts introducing other speakers complete with theme/hype music (yes at this point the red flags start going off) and again random shouts like "YESSS!" and "We're number one baby!" (Umm where am I? I'm 40 years old and high school was a LONG time ago). Anyway, to not appear TOO rude I give the occasional golf clap and even stood once for a few seconds, but seriously, am still a little puzzled by the crowd's "acting." Well it didn't take me too long to figure out this was a pyramid - oops sorry, a Multi-Level Marketing. MLM is the legal version of a Pyramid. Yes it is technically not a scam, and it is legal (moral is another question) and it's legit, because they sell stocks and shares and their customers are willingly buying a service, after all.
So finally the head sc... I mean, honcho gets up, bragging about how much he makes etc etc. This has been dragging on a while and we go to the bathroom. That's another thing. After a goshdarn hour and a half people are either on board or they're not, and they aren't gonna be swayed by your life story. The song "Cult of Personality" came to my mind at this point.
Also at this point he pretends to not rag on the people who left (but yeah he was ragging on them). Wait, people have left already?? I told my wife, "Let's go" but she wanted to wait for the next standing ovation to draw less attention. When that FINALLY happened, we made our quick exit and PR was standing right by the door but without hesitation I nonchalantly walked out. PR followed. "Are you leaving?" Well it sure looks that way, right, but I smiled and said "yes we have to get going" not slowing down my walk at all. "Not interested?" PR asked. "Mmm, not really, no." So again, to PR's credit, PR was nice and remained professional. But to be safe I've blocked their phone number. :)
What is Primerica? It's a Financial Service Company! They offer many different services. Yes they have actual products that they sell. I purchased a life insurance policy through Primerica. I was a Regional Leader for Primerica as well. I let my life license expire a few years ago but I can tell you I only have great things to say about Primerica. As with every career choice, there are good and bad people. Teachers, cops, waitresses, etc. There are great ones and crappy ones! Same goes with Primerica leaders. You cant Judge this company off one of their crappy leaders. Just because you have a horrible server at your favorite restaurant doesn't mean the entire restaurant sucks! That server sucked!
When reading all the reviews I had to laugh at one particular post. It was about a man that had a life insurance policy that his daughter didn't know about. For some reason he had stopped making payments so the policy lapsed. She learned of his policy from bank statements. She could see that he paid for many years and then stopped making payments. Her father passed away and she was upset that he had paid for life insurance for many years and now Primerica wont pay the death claim!
OK let's think about this, you bought a car 10 years ago, you called LLL auto insurance to insure your vehicle. You pay $100 per month for 10 years and never got into an accident. For what ever reason you stop paying your insurance premiums and have an accident. Does your auto insurance pay to fix your car because you use to pay your bill? Of Course not! Does your auto insurance give you back $100 per month X 12 months X 10 years because you never had an accident in the 10 years you paid? HECK NO! Come on people! Seriously! I can tell you I sold a lot of life insurance policies in the couple years working with Primerica (PFS) and paid 3 death claims!
Let me now tell you an experience I had with one I will never forget. I sat down with a single mom that thought it was important to protect her family. She told me if something ever happened to her she wanted to make sure her children were able to go to college. Besides purchasing her own policy she also purchased a $10,000 policy on her children to cover funeral expenses. God forbid something happen to one of them.
Two days later there was a terrible accident. Her son was hit by a car and passed away! When Primerica received her initial payment it bounced. That's right her check did not clear! Do you know what this horrible scheming company called Primerica did to this grieving mother? THEY PAID THE DEATH CLAIM!!! I personally delivered a check for $10,000 to this grieving mother!! Now that is a company that I will stand behind! $10,000 does not bring back her child but it helps eliminate the financial stress of burying your child! How many people have you seen standing on a corner holding signs "car wash to cover funeral experiences!"
Primerica made sure this mom did not have to worry how she was going to pay for her sons services! Working with this company is definitely not for everyone! But neither is being a teacher, a pastor, a landscaper, but we all need their services, and we can all benefit from Primerica's services as well! Once again I have no current ties with Primerica. From experience I know they are an astonishing, creditable company! Here's a list of some of their products they offer:
Financial Needs analysis (a personalized analysis that shows you how to get out of debt). Life Insurance (To sell this you must have a state License!) (NOT AN EASY TEST!). Investments (Must have a state license!) (NOT AN EASY TEST!). Auto and home insurance. Long term health care. Debt Watchers (similar to other companies that keep an eye on your credit scores). Prepaid Legal Services. I have not stepped foot into a Primerica office in years so they may have other services I'm not familiar with. My Conclusion: Yes this is a legit company where people have to get a legit license (through the "State" NOT PRIMERICA). They offer (SELL) Legit services. Nope not a pyramid scheme.
Primerica may or may not a company you may want to deal with them based on my experience with the advisor I had. I have a distaste for the company. Each individual is their own person and will take their learning and use it for their best. Some will have ethics, some will have for personal gain and will not stop until they get what they want at all costs. I'm basing my experience on one individual and I got royally ripped off. She was able to fabricate documents to her best financial gain. But if she has a conscience, one day it will catch up to her. I believe its called karma. Primerica will back up the advisor at all costs, withholding documents etc.
After all they have acquired this business from 1981 but in general it's not about the consumer, it comes from the profitability of the advisor first. Some advisors will do whatever it takes to acquire your investments, even shady production of documents made to look like the investor's request. In any event I caution anybody who has limited knowledge of investing, do have professional help before you sign on that dotted line. Once you give them the check you have lost control. Should the advisor give you bad advice an unethical advisor will do whatever to keep their heads above water.
As with Primerica some are professionals with designation but most are trained according to training courses provided by Primerica and don't have the financial education to make your investments viable. You're the consumer. One more thing Primerica will at all costs go above and beyond to save the advisor. It's not so much they are thinking about the advisor but Primerica are looking after their own butts.
I am a client and a district leader at Primerica. This IS NOT FOR EVERYONE. If you don't have an entrepreneur mindset and you're stuck on being an employee instead of a self employed, business owner or investor one day by all means go ahead and keep doing what you're doing because you WILL NOT make it in Primerica.
To the people on this website complaining about Primerica being a "Scam" or "scheme". The website you are on states when you create your account with it that this allows lawyers and news people and etc will be able to look at these complaints and see if they serve as "legal merit" to pursue the case. Notice that no one is wanting to pursue the case of Primerica being a "scam" or "scheme". Can you ask yourself now, "hmm, why is that?". Think about it while AT&T and big corporations under people like Steve Jobs use or used recruiting to grow business. Primerica has been around for 39 years and has probably had these complaints since they first started and guess what. No lawsuits filed on the way they grow business.
Also let me make clear, because Primerica allows people who work hard to open their own business. There are different people managing the building you walk into. I'm sure even you can agree every person is different. Not one person is the same as another (according to the bible). So yes some people who own their own business within Primerica are not all the best. As for those who had these crappy trainers or crappy leaders I completely apologize for what you went through. But just know, just because it didn't work at one of the buildings you walked into doesn't mean it won't work if you walked into another that may be better off than others. I personally had a great experience with the leaders.
As for the fees, I went through the same process. All you pay for is the book you need to help study for the life insurance exam to get your license which is $100, your background check $25, and your membership on the online website $25 a month. After you take the 2 classes (Primerica pays for which are around $2,000 on it's own) you can get reimbursed the $100 or you can skip the classes and choose to get reimbursed when you pass the exam (Primerica also pays for which is a couple hundred dollars) instead.
I personally did the classes because they were helpful and I got reimbursed faster. Primerica actually pays for two other different background checks that are the more expensive ones and ask you to just pay the $25 one (no biggie). As for the $25 a month membership for the online account, that is what you NEED to transact business. So trust me once you start to transact business that $25 is nothing compared to what you may be getting paid. I personally have no problem with.
Overall Primerica is a great company with MOSTLY great people. Please do not let certain people put the company to shame. The company has over 100,000 licensed reps and it's almost impossible to tell what kind of person they may or may not be. Just like you would any other company who has the problem of accidentally hiring some bad people, cut them some slack. There are still great agents and base shops out there that surpass the bad ones. I know because my experience is great.
My fiance has personally bought life insurance, invested into a 9% rate of return savings, and opened up a retirement plan for us. We're only 21 and are on the right path to being financially independent all because Primerica taught us how to intellectually personally control our finances. It has helped me also pay my way through college with the proceeds I've made to help me get my second degree. Thanks to Primerica. I am set for life.
I recently joined the business about a month ago and my life perspective has changed completely. I aspire to do great things through Primerica and all of my dreams and goals from my early 20s are back on the board. I don't know if I'm going to be successful or not but at least now I have a shot at it. As for the fees, I told myself, if this business opportunity will cost me $400 (100 + 25*12) for one year, I will take it everyday of the week. It seems that the reviews for Primerica are very polarizing either 5 stars or 1 star, that's why I gave it 3. If you are being called and invited to talk to a recruiter and you have your doubts and that's how you ended up here reading reviews of other people; my advice to you is don't let others decide for you. Primerica may or may not be for you but it's worth a look.
I've seen some people on here had negative experiences with these guys customer service wise. Well it's my understanding they have over 100 000 licensed independent reps... what some of them do hardly reflects the integrity of the company. I was very pleased with the company's educational approach and how the products that I found were ALL BACKED BY 3RD PARTY CONSUMER GROUPS.
My mother bought Primerica "Life Insurance" at the cost of 117 dollars per month for YEARS and it was not actual life insurance. The type of plan she was signed up for is comparable to short term insurance you would put on a car or home, not on a human being. They took advantage of her because she is older, and they will not give her any of her money back. This company is a complete scam, avoid them at all costs. She cannot afford a lawyer to take them to court, so she is totally out the money that she paid.
When I signed up I was told there would be a fee of 99.00 and a 25.00, but NEVER told that there will be a 25.00 per month charge to be a "member". When I have spoke to the guy that signed me up he stated "I did go over it with you." I understand if I take this further it would be a he said she said. I was never told because if I was I would have not signed on. I have enough bills as is. Very mad about this situation.
Yesterday was my first encounter with the financial advisers of Primerica. This was for what I was told by a coworker of mine to be an "interview," as for I am considering seeking employment elsewhere. I thought very little of it and figured it to be just that. Upon meeting, I sat down with two people who explained to me in a rambling fashion about the services that they offer ranging from auto and lawyer to life insurance. After they received the payment of $99 for the classes and for the tests (state and federal and securities) from me I was immediately asked to think of other potential fits for the position. I did not want to do that by text or phone call, I like communicating in an in person approach. They even had a script of something I should say via text or phone call. This bothered me for I felt like I was extorting my friends and associates to the will of the company.
Even though I seemed hesitant he did not back off of me and we sat for a few hours doing this task. Commission is 25% and ONLY goes up through this referral and closed policies pyramid like set up. I told him upfront I hate their business model in which he matched me with mediocre analogies about other businesses in which made no sense. I walked out with a feeling of distrust in the company and staff in which told me that they did not finish high school. I would not recommend this company at all, and it falls in the same league as selling knives for Cutco.
After this all happened I wanted my money back being I did not even take the classes. I find out that they actually charged me an additional $25 without even telling me. And these are the types of people I or anyone should want to manage finances let alone major things such as debt, retirement and life insurance? What a joke. Stay far away unless you know a bunch of other average people to bring under you and do not mind making residual income off of those peers. Great talk, yet staffing is in need of a better communication style.
I sign up as a sales rep and didn't work for me, but I kept the insurance at a normal rate no special nothing. And couple of month later without letting me know they raise the monthly payment. I try calling, emailing. I talk to my representative who at that time was my friend OF 10 YEARS (after this we are no longer friend. She couldn't even help me). Well long story short is almost impossible to get out. I did some search on prices and they are ok. NOT the best, but ok so I stayed. About two weeks ago they called me saying that "my agent has quit the job'' (I know she did as she wasn't making any money at all) and that they were going to send me a new one representative??? I'M STILL WAITING... HOPEFULLY THIS WILL BE THE END OF THIS. PRIMERICA CRAPPY SERVICE.
I am not understanding some of these negative reviews on here, unless these claims are not legitimate. A friend of mine started working with Primerica 3 years ago and asked me to meet with her so I could potentially refer her to others that could benefit from her services. I fell in love with what this company does! She provided me with a free financial plan which took me by surprise in the best way! I am now getting out of debt 12 years earlier. I now can have peace of mind that I will be able to retire. I know that I am overpaying in taxes and can use that money towards funding retirement, and so much more.
This a company that absolutely cares about their clients, as well as their agents/consultants. My friend has advanced quickly with this company and is now doing very well financially from what I can see, which is a huge accomplishment for a single mom with only a bachelor's in Oklahoma. My advice to anyone reading these reviews, take it with a grain of salt. Most people on here who are frustrated clearly didn't do something right or they are not the sharpest tool in the shed. Primerica will get my business and my referrals!
After 29 yrs as a chef, I was let go because of financial problems the company was having. Working for a company 50 to 60 hours a week. If it wasn't for Dave Ramsey earlier to show me how to get out of debt I would have been financially devastated. I would tell them about his book. Then I met a friend that show me this business while working for a school that paid me half what I was making. I had no experience in the financial field, but I looked at this business (Primerica) and all I had on my mind was to help families.
I got off to a slow start in this company (most people would of quit) because I told my friends the company's name and I sell life insurance. They ran from me, because they looked at these websites which I did, but looked at all the complaints where people that read these websites and quit because they did not know how to get in business for themselves (That is why they don't tell you because when you see it you can make a decision for yourself).
When I saw it I asked myself why would a company be a scam and you get licences from the State and Federal government? Why would top financial companies do business with Primerica, even be trading on the NY Stock Market under PRI? I am in the company for a year and half. Last month I made more than I make at the school in a month. The company is awesome, but it is also the people you work with, because this is a people business. The people I work with is the best. They want you to succeed!!!
You have to work this business and on yourself. It's part time and you don't have to stress of leaving your job. It's a business not a job. Recruiting (better than being recruited) all companies recruit. Helps families. Only cost $99 (refund around $60 if you quit before scheduling your licence) for your cost of a background check. $25 a month for top-notch website to help you with your business and does all the work for you. No inventory and no overhead. They pay for all licences (Life and Securities). More million dollar and hundred thousand dollar earners than any company out there. Unlimited income (that is up to you). All businesses are pyramids: Owner or GM or President, then VPs, then middle management, then workers.
Now ask yourself. Who gets paid the most? And who gets paid the least? Are you living the dream life? Can you go to the top? What you are doing now? Can you ask for a raise and get it? Do you have a plan B? Nothing easy. If it was, everyone would be doing it. I'm doing this business to help families and to help my family!
I've been with Primerica for 3 years and to start it is NOT a pyramid. A pyramid can't be listed on the NY Stock Exchange that is overseen by FINRA (Financial Industry Regulatory Authority), and they are also overseen by the state Insurance Commission. Primerica is not a job offering, it's a business opportunity. With any business you have to work, just ask the person who started the business you're working for. But what the heck, you're already working to line the pockets of your boss who is getting rich off of you and making their dreams come true, not the other way around.
Primerica isn't for everyone nor should it thought of as such, but is for people who are tired of living paycheck to paycheck and not being able get anywhere and are tired of have to work someone else's schedule. Again Primerica is not a job opportunity - it's a business opportunity for people who have dreams and vision of how to get out from the oppression of someone telling them how much they can make, when they have to show up and not get anywhere. I have done the work and it's paying off. Any entrepreneur will tell you that to get rich you have to work, but for yourself, not someone else.
I have been with the company for about 2 months now. I completed my training and am now a licensed District Leader with Primerica. It has been such a wonderful experience and most people who complain about it are just a bunch of pansies who don't even deserve this amazing opportunity. Mark my words that in a year from today I will be an RVP making a 6 figure income. Also guys remember, "Just like a closed mind can't eat. A closed mind can't learn". Be open-minded people!!!
I needed insurance and wanted to help my friend. I freely accepted their wanting to meet with me in my home. My good gosh!!! Very personal questions, even wrote down my meds WITHOUT my consent. They were on counter and "mentor" acted as though he was charging his phone, which was on the counter? I even provided my routing number?? Like an idiot I never gave it a second thought - as I mentioned I wanted to help my friend, had I read all of the reviews before having them over, let's just say the meeting would have never taken place! I cancelled once I received a voice mail, notifying me that "I had been approved and accepted to have insurance." What the heck? As though they were doing me a favor? No way Jose!! I'm sick to think of all the folks attempting to get their money back. I dodge the big bullet!
I had my experience with Primerica at the beginning of June 2016. I had just finished school and I didn't have a job for the summer. A girl on Facebook contacted me asking if I or anyone I knew was interested in a part time job. I said I was, and this is where everything started. I got a call from the "hiring manager", which turns out was a girl the same age as me (I'm 19). That right there already seemed a little strange to me. The girl on the phone never told me the company name or any other detail about the job which I found a little strange. Eventually, I go in for an interview on a Monday. They start telling me about the company and all, but not once did they ever say that they sell life insurance. I would also ask how employees get paid, but the girl would always change the subject. Second red flag. Me being the naive girl that I am, I decided to apply because I thought "Why not?" They are a real company after all.
I give them all my information, thinking that I would actually work with them. The next night I get invited to an open house, that was only a sales pitch. It was a room full of 50 potential recruits, and basically throughout the entire event they kept on saying how a school degree won't get you anywhere in life and that Primerica will bring you wealth and happiness. Like, what??? What company says that??? After that I left with a weird feeling because none of this seemed right. But I knew that I had applied a day earlier so backing out wouldn't be so much of a hassle.
That following Thursday I was supposed to go for my training but after I looked more into the company and read all the bad reviews online from multiple websites I decide to decline the job offer. After all, I didn't work for them not even for a minute. I contacted the girl who interviewed me and told her that I wasn't interested anymore, and she said it was fine and that she wishes me the best. I thought this was over with. NOPE. I was wrong.
Fast forward two weeks later, I get an email from the company saying "Welcome to Primerica!" Instantly, I panic because I wasn't working with them. I already had a new job. I check my bank account and I see a $25 dollar charge on my account for a monthly online service employees use. I call their billing department the next day and explain to them that I am not working nor did I ever work for this company and that I wanted a refund for this money. According to them, they didn't see a charge on their end. I called two more times, and I got the same explanation. I had to file a claim with my bank and have them dispute it with them because they didn't want to help me.
Now, fast forward to a week ago, and I noticed my bank account is about $100 dollars less than it should be. I check my bank statement and it's a charge from this company for my application. EXCUSE ME? I had declined the job the previous month!!! I couldn't believe it. I thought I was done with them and here I am with money out of my account even after I had filed a claim against them. I went in and Sat down with someone from my bank and explained this situation because their customer service refused to give me a refund. I filed another claim about two days ago, and thank God I was able to get my money back. Not only that, the bank blocked my card, and now I'm awaiting a new one. So there you have it, they robbed money from me even after I told them I wasn't interested in working for them. Worst company ever.
I just joined Primerica with my wife because I wanted to start my own business. So yesterday my wife and I went to training in the office in Citrus Heights California. So I go into the men's restroom and I can hear the senior vice president blurt out, "That I should let my wife be with someone else in this bay shop" implying that my wife should dump me for some senior vice president's favorite worker. I was shocked to hear that from someone who has a family of his own. Anyway I kept my composure and finished training. I was wondering why any business would try to be a matchmaker for some lonely soul in their company and use my own wife as the answer. This make me angry beyond belief. Maybe they should just recruit more single women and leave my wife out of their loneliness. Keep in mind this was a senior vice president.
Miss the boat 8 years ago. I understood sales, bad thing because I'm not a salesmen but in reality I'M. I have my own business, and did not need nothing else. 8 years later been a warm market person join finally. And yes is a business. Scam because we recruit people??? Have you ever thought the all companies recruit people, well either you recruit or get recruited so which side you want. I choose recruiting, yes you have to work otherwise sell yourself for 10 to 20 dollars an hour and be happy.
No wonder this scam has most 6 figures in the USA, but working 40 hours a week will get you rich ooppppsss, great company good rewards, good everything, small people look for a job and complaint. The other 5 % have a business. Since I joined Primerica I have seen the growth of my RVPs only because they put a lot of work, $20.000 a month and counting in less than 3 years, 24 and 26 years kids. So think about what you wish for, and good luck in your current JOB. 20 to 25 years from now look yourself in the mirror and see if you did it or not. :-)))) Stop talking trash and look at your bank account.
A coworker introduced me to a Primerica rep who was going to help me get debt free. He moved over my rif but did not take the taxes off. In the end I had to pay the government almost 3400.00 in taxes because of it. He gave me the pros but not the cons. When I made a complaint the investigator said "no comment". Stay away from primerica.
FANTASTIC COMPANY - I have been a client for 25 years. I was referred to by a friend. I was educated on the concepts of becoming debt free, protecting my income, and they helped me understand interest rates and mutual funds. They helped me set up a mutual fund with $250 / $50 - per month deposits with American Funds. Other "name brand" financial advisers wouldn't even help me just to get started with a savings. FINANCIAL ADVISERS wouldn't even help me - DROWNING IN DEBT & LIVING PAYCHECK-TO-PAYCHECK.
A Primerica Rep sat down with me and did a FNA - Financial Needs Analysis. It helped me with a plan of eliminating debt and find money left over in my budget for me to save. All I know is that if it wasn't for a friend who introduced me, I would be still living broke. I was fortunate to learn when I was 23. I am now 49, debt free, I owe no one. I am saving more money than I ever have. I love this company and my rep. I found out that PRIMERICA is one of FORBES magazine's "Most Trusted Companies." I trusted them and now I am on my way of retiring with a pile of money. :)
To start things off, I have never worked for Primerica, nor will I ever. One of their employees came into my current retail job to offer me a position here based on how "impressed" he was with my customer service. He then continued to tell me how fantastic the job would be - leaving out any details about what the job would actually involve - for an extended amount of time, getting in the way of customers in the process. I realized too late that this was a pyramid scheme to avoid handing out my contact info, which was stupid on my part as I now receive daily calls and texts. I also didn't appreciate being offered this while on shift at my current job, as I work retail and are therefore required to be professional at all times. This also means I'm now worried about being harassed at my work.
I still have no idea what this company does or what any sort of job with them would include as the entire time he told me about the position. All he did was try to distract me by telling me how much money I could be making, and at the end throwing in how he wouldn't do anything that goes against his morals, so this has to be a great job. Awesome. Definitely not a giant red flag. In short, this company is a classic pyramid scheme. If that sort of job works for you, then go right ahead. But I couldn't try to scam all of my friends and family for a living and have very little respect for people who could.
My sister purchased a term life insurance policy over 20 years ago for my step dad. Every year he was alive the premium would go higher. His policy was only for $10,000. My sister passed away 9 years ago so I took over the policy insuring my step dad. He paid for the policy out of his checking account even though I was the owner. He passed away May 10, 2016.
He had dementia and was living in a nursing home for over a year. Last October the nursing home took all his pension and social security. I was not able to pay the $159 a month so the policy lapsed. Since 2009 he paid $10,680. Over the value of the policy. So for over 20 years Primerica took all monies paid and they told me that since the policy lapsed I won't get a dime. So they received almost double the value of the insurance policy, they invested his money and they profited from his money and I get $0 dollars. They took his money for over 20 years and it is gone. I don't believe that this is right. I am stuck with the funeral bill and I can't afford it. Please help with problem. We need to outlaw all term life insurance policies that increase with age, no cash value, and if you can't pay after 20 years, the insurance keeps all the money and the policy holder get nothing.
I was sold a Primerica Life Insurance Policy when I was around 25 years old. I paid $17.29 a month. I was under the impression that that amount would never change as I got older. I had this policy for 20 years with no problems. As soon as I turned 45 in late 2010 my premium more than tripled. It went up to $59 a month with no explanation. I was in good health. I had no major health problems. No one I spoke to could give me a reasonable explanation for the large increase of my premium. I decided to cancel the policy as I cannot afford to pay that much every month. I got nothing back for it. Not a penny. All the money I paid for the policy over 20 years and nothing to show for it.
I made a large investment with Primerica 2007. The funds came a corporation where I was a director. This was retirement funds. My husband and I were estranged and to be divorced in the near future. My ex husband at that time, now we are divorced. But anyhow I over rode his thoughts about Primerica. I felt it was a good company. The advisor came to become close friends. She was a confident, listened to my woes regarding my recent break up, was very consoling etc. My ex-husband agreed in the investment. He was away on a holiday in Europe when I confronted him with the investment. He agreed with the investment.
When I got off the phone the advisor advised me to put the funds into my personal name and make the investment joint because we going to get divorced and the property would be divided equally. She advised with not paying off 3 mortgages - one held a very high interest rate. This mortgage had to do with a business we had and needed the cash flow at that time. The three mortgages equaled to nearly 800,000.00. She said not to payoff off the mortgages due to high penalties with early payoffs. She then did a evaluation of the income that needed to maintain the mortgages. First major mistake.
She then returns 2 weeks later looking for another investment I had equipment of course in the corporation's name. I told her I had an interested party I have a deposit and he was going to come up with the rest of the cash the following week. She said "you should do the investment". I went along with it but then I gave it some thought and wanted to change my mind. I tried telling her I was not comfortable with it and wanted to cancel. She said it was too late that the investment was on route to head office. She also said "Let it go through." Ok. The sale fell through the cheques went NSF. Then my investments were taking a nosedive the economy went down - this was 2008. The high interest mortgage owner kept on renewing my mortgage with administrative fees. Long and short she said to consolidate the 3 mortgages was unable to do that. I decided to pay off the mortgage which left the investments at 0 now.
Now I couldn't afford to live in my current house - had to take out another 2nd mortgage for cash flow while the house sold. She referred me to a mortgage broker told the mortgage broker get her a mortgage "she has lots of money". Ok so the house sold had a recreational property in another province moved there for the interim. Prior to moving I got advice from a lawyer that what she did was negligent and for the benefit for herself and PFSL, tax consequences. Further the payoff of the mortgage was after tax dollars more losses. Then when I was reviewing my statements I came across some redemptions I was unfamiliar with. Called the investment companies "They came back with they have letters of direction with signatures confirming them to remove funds for the losses of the previous investment where the cheques became NSF." I asked for the letters of direction. I received them the signatures were not ours.
I called the policy, did a complaint. They confirmed it was definitely not our signatures but couldn't confirm that it's the advisor's. Prior to when I made the initial investments earlier on the other account holder was away on holidays the application needed to be signed. I told her I have the other account holder's stamp and was authorized to use it. She said it can't be used. She progressed with signing the application, in other words forged his signature. She did that with the 2nd application as well. Back to the lawyer he said that I should do a statement of claim - I did. I also complained to PFSL. She denied all allegations that the complaint department said I was making these claims because of the losses of my investments. So in other words forget about going to the securities board they look after their own (and the lawyer also said that as well).
So we are at the process of questioning. She doesn't remember a lot of things. She had notes that didn't coincide with documents I had. So now we're preparing to go to court. Lawyers for PFSL come up with an application for security of costs meaning I have to come up more money. In the event I lose their costs would be cover. Let me tell you they came up with high costs so in other words they're trying to costs this claim so I couldn't afford to continue. By this time I am penniless. my estranged won't help he says it's my action I have to fix it. So in the end I couldn't come up with the security costs. They made an application for dismissal of the claim plus high costs for the actions. At one time they wanted double costs the master said no. They requested for the dismissal of statement of claim based on the order to read a dismissal as if that there was a trial and dismissed.
So in the end here is the conclusion: PFSL does/helps with the advisor with cover ups with documents. The advisor gets off scot-free. They pocketed commission based on the investments. I am broke lost the 1.200,000.00 investment. Was forced to sell my house here and was forced to sell the recreational property. CCRA had writs against me for the transfer of the funds into my personal name. The writs were more or less taken made from my portion of the property. My ex-husband says the writs are in my name I am responsible. He gets off scot-free. In the end a claim that was based on what the advisor said I should do get off and I have no money. I have rheumatoid arthritis - can't work and am now on social security. I suppose within Primerica they might be some honest advisors but I picked the one that stopped at nothing to get my money.
Most of the advisors lack financial education are educated with whatever PFSL has offered and are called professionals in their field. This one called herself a financial advisor without the letters. My ex-husband and were self-employed for 20 years gathered up the money and retire with some comfort. So the bottom line is this always have an accredited professional advice you with your investments such as accountants, financial advisors or lawyers. Think about what is the best strategy. Do not become buddies as she said we were friends. Friendship and money don't work. I went to their meetings - a lot of excitement, cheering. They say the banks are your enemies you pay high taxes (I wonder what they did). They try to recruit you. I tried the recruitment thing. I hated it.
PFSL is not a good company, untrustworthy. I wouldn't trust them especially if they know your assets and cash available, and you're in a low point in your life. On occasions I wanted to go to her supervisor with problems. She would say "No don't do that." That should have been a clue. I caution anybody who thinks of investing with them. When your money is gone so are they. They cover up mistakes with documents altering. I caution doing business with them. Incidentally if you're from Calgary this is where I'm from and found this lovely person.
Okay, so my first experience with Primerica was in 2015 the beginning of 2015. I was approached at a job fair in Commerce, CA by a mid-20s early thirties man and asked out of the blue if I was interested in a job, and I asked him what was it about. He told me financial services. I said okay where at? Right. He said Bell Gardens. I said okay, gave him my phone number to an app where I can only receive text messages on, and he called or so I think it was them calling every now and then up until January 2015. I decided to answer through this app and it was his wife. She convinced me to come in for the interview. I show up for this interview and I'm in a room with another guy about to get this presentation. Okay, I didn't like the way it was going and he asked me why I thought like an employee instead of a business owner, simply said "I'm 18 yrs old what am I gonna do with a business".
Getting to the point, I had the one on one interview and got the "job" sure. She talked to my parents and stuff, like okay cool. I was really excited that I got this "job". Wasn't going to school at the time. Anyways I passed my exam in February the second time. They were nice at first but once you got to know them, they really know how to manipulate you so much. They make you think you're gonna make especially at a young age. I was not a very hard worker because it wasn't something I wanted to do for the rest of my life. Commissions suck! They do. They first tell you that the policies you close you get paid for them. Hmmm... Okay. Bring in your people and we can help them, okay. I did this for four months straight and got "paid" the money I worked for. With the help of my "regional leader". Okay thank you for that.
But what I didn't really realize until I brought my boyfriend in was that they tell you that you can grow when in reality we'd have meetings about talking ** about those who don't do much. They legitly had a bunch of chairs in the back room that said "those with zeros". They would literally look back and tell everyone else that that was embarrassing. I legitly wasted so much time trying to "build my team" than I was making. I supposedly got paid but ended up getting sued by these people saying I was given a loan??? Honestly this may sound gibberish, but c'mon I was 18 years old with hardly any experience in handling money. Primerica is a company that will manipulate you into thinking you're making money but in reality you're getting a "loan". This is **. I worked hours a day to prospect, "get trained by my regional leaders", and make money??? Literally be taking up about 10-12 hours of community service. WASTE OF TIME!
I don't think so!!! I have been in Primerica for only four months now and I'm already earning income. You have to understand what business is and that you have to build your business in order to succeed. Don't expect to earn an income if you don't work. If you think this is a scam, well... I'm sorry for you because you just threw away a great opportunity of a lifetime besides (The Salvation of The Lord Jesus Christ which is the Greatest Opportunity). All these negative comments about Primerica are just deceiving many people from having a chance to help other families and their families to achieve their financial freedom and dreams. Please please please, don't listen to these people that thought Primerica was a GET RICH QUICK Scheme, because it is NOT. You have to work and build your business. You get with the right coach you'll be successful, I guarantee it. I can go on and on, but it is up to you to take a step.
Primerica Company Information
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- 3120 Breckinridge Blvd.
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- United States
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