A Former Primerica Representative’s Story

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This woman says that Primerica Financial Services representatives lie and misrepresent the business opportunity to others  in order to get them to join and stay an active part of the plan (even if they’re not making any money).

Hi. My name is Anne and I was a Primerica representative (full time) for about 7 months (from May ’07 to December ’07).  I ended up in a multi-level marketing job in Primerica as a young adult.

I like what the company stands for and stuff (as far as helping families with their products), but it’s such a difficult position to be in.  A lot of your success is based upon how many people you know.  I knew the products backwards and forwards, became a decent sales person, was able to conquer most objections, but because I didn’t have a big warm market to start out with, I sucked.

When I first joined into the company, I was promised that everything was easy and I’d be making as much if not more than I was at my full time steady desk job… so I quit my regular job because at the time when the opportunity was presented to me, it was a “regular” paying job just with very flexible hours. Continue reading

The Pyramid Scheme Aspect of Primerica Financial Services

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I ran across a blog that did a series examining Primerica Financial Services, a multi-level marketing company that purports to sell financial products. While the company does offer life insurance, investments, and other financial products, like a typical MLM… they’re really out there selling the opportunity. The name of the game is endless recruiting.

The Financial Blogger did several nice posts about the company, but this explanation of the pyramid scheme aspect of Primerica was exceptional: Continue reading