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 daughter was contacted by Primerica and she told them I was looking for a job. 5. Im a chatty bend-your-ear kinda bartender, so as shes sipping her coke we start up a conversation. He works VERY hard for his money and does not seem to be producing a lot of it. That night I came back to the office a bit before 6, when the first interview had been set for. My husband got upset since he was at work and called her back and said no thanks and she said that she could put her husband on the phone to talk to him and try to convince him, my husband heard him out and said no thanks again to which he tells me the man was not happy and cut him off and hung up on him. If you do find yourself mixed up in something like this, please dont let it effect your perception of yourself. Can anyone who is successful in a traditional business start a business for that little of an investment? Do you even know why you exist? They both return later that same evening and buy more merchandise. (their 1.5 years, and 1 week old) yes a lot of this sounds and very well could be all bad. I offered to quickly mail her one, as I had not brought one myself (I already had bad vibes, so I didnt even bother bringing a hard copy). (Kind of like someone asking you out on a date and then you saying I have a girlfriend, they should get the hint) The guy keeps talking and says something like we should have a discussion when youre free about the position. In fact, given his air of desperation in hard-booking like that, the evidence appeared to point to the contrary. @Tracy Coenen take a look at your life seriously baby girl because youve been mislead all your life and its time to wake up for real. Everyone was extremely nice. Jeb- If you read most of these comments then you should already know that half of them was approached at their job like myself. Blah blah blah blah. He sat next to me while the guy gave a speech on how much money people were making and talking bad about my job. Dont confuse this with a real business. 8 Controversial MLM Schemes To Stay Away From | GOBankingRates Hadnt I just provided 5 local contacts? Sobeys. I mean, what was taken from them? That you have to buy your own business cards even? I respect that! They provide various types of insurance, debt management, financial investment, and credit monitoring services. The scheme is called a "pyramid" because at each level, the number of investors increases. And you say Im too lazy to work for myself? I wanted to be pumped but I found it hard to ignore the fact that John had blatantly lied when the professional-looking man had asked if there were any additional costs other than the $99. I have an interview on Monday but I will not be going afternoon randomly reading all of these comments. It was a group interview. I knew to avoid them but because of how fast she mumbled the name i didnt research. When I called her back, she reiterated her voice message and went on to briefly discuss the position for leadership role for this company and requested to set up an interview. Something like, I really dont understand why you felt you had to lie to me initially. As I still had about 10 minutes to spare, I drove around the parking lot to make sure I had the right address. They really helped me make up my mind. What a waste of time?! She stated that it would be for the Fort Lauderdale office but that more locations would be opening. Report investment scams by state-licensed companies to your state's securities administrator. . I feel so bad and my heart bleeds how mich i lied to the community and friends and sold them something they dont stand for . After, of course, buying into the company and getting my license, etc. It was nice how they fooled some people but I was ready to go after 5 minutes, it reminded me too much of cutco knives sales pitch. It all felt very sketchy. Surely it wouldnt matter in the end, as long as we get the recruit right? im gonna go here them out this Saturday and let them waste their breathe. Apparently, his company helped a lot of families who couldnt afford such help otherwise. The interview ended there. With currently over 90,000 representatives, Primerica may have reached that point. Apparently these Primerica folk are misusing LinkedIn profiles for their slimy deeds. They talk about working part time, not having a JOB, sky is the limit, yet deliver on none of those dreams. I have a friend who just signed on with this company. On the day of the interview, I drove to the adress of where the interview was, I expected a big company with a sign of the name or something. Yes there are people doing it, there are also people playing in the NFL and NBA, should we promise every kid the can go pro because others are doing it? No, better not, or John would be angry that I said something wrong. In reality, they own nothing. Primerica's MO is using people to convert their acquaintances into customers. She kept saying opportunity rather than job, or career, and my attempts to get more detailed information were deflected with promises of being answered later or at the orientation session being held the next day. I read a post of about how a Primerica employee came for a home interview and spent 3 hours trying to sell them insurance and about 30 mins interviewing them for the position. Its performed nicely and Ive never had any problem with the company from my standpoint as a customer. Thank you guys. I would not call it a scam, but they are overly persistent and do not take a hint unless you are forceful. They are lying.). Yes, there can be commission only jobs. Hope this helps and good luck to those who have gone forth with this and now have regrets and for those who saw the light before it was too late . Glad I already have a good job! Ive never seen the number before and I typically do not answer unknown numbers but I still did to see who it was. I was an Amway distributer years ago. NOT the other person. A very tan/slightly burnt, attractive young 20-something came in and spoke to the receptionist for a minute about her Florida trip and went to the back where I could now see more middle-schoolers, all dressed like they were ready to model for a Kohls back to school sale flyer. Red flag I had been waiting for. You pray upon my people and I think you suck. I should be filling out my own application. John said no.. yet I knew that wasnt true. They do use a multi-level marketing business model but they are definitely not a pyramid scheme. Im generally really polite and dont want to hurt feelings, and I knew that my current work may expire in December, so I figured Id hear him out and then should I need work in December, maybe Ill give him/them a call. It was all a bit creepy and unlike anything I had experienced. She gave me her name and phone number, but it wasnt after she left that I realised she never said what kind of business at all. They are a publicly traded company on the NYSE. During the call I asked her about three times for a website link or something to see if I would like working with her but she avoided giving me the website, I had to ask her about three times till she finally gave me something, and even that was just the name of the company. They asked my husband and I for $99 each to set up (pay to be hired) and wanted $156.32 cash to start our life insurance said our kids would automatically get $135,000 if we even die today, This bleepity bleep bleep!! He also mentioned talking with a number of people at Lowes about how bad the schedule is here as I realized later, he makes the rounds at stores like this, trying to entice unhappy people into a get rich quick scheme. The problem in this country is the mindset and victim mentality nobody makes people stay small and closed minded! At that point, I hung up and laughed. I definitely wish Id gotten the name of the business and researched this before going to that meeting & giving them my personal information. Thank you for providing this information! She set up an interview for me tomorrow and told me to dress in business attire. All I have to do is clock in whatever hours a week I want and watch thousands of dollars pour in. EX. I dont mean any disrespect to the author of this blog but I wonder if he/she thinks about real estate brokers, is real estate a scam or pyramid scheme as well? Some will say yes, not to be recruited, but to take control of their finances. You all invite me here to interrogate me about more people just to get mad and be rude to me. I fill out an application. The presenter looked like 19 years old and began talking about the company and that it was called primerica. Came to the appt. The commission overrides only reach a small number of generations deep. I was at one of their interviews just a couple hours ago. He said that josh said a ton of great things about me and he wanted to interview me for a position. Lies and time wasting leading to a quick fumble at your wallet. If this company is a scam how is it we just ran the closing bell at the NYSE? In the end i never scheduled a follow up. The evening eventually came to an end, and I watched John as he scored 2 new recruits. Needless to say I didnt invest the time and effort to go back there for the presentation that night. Ironic, since recent grads are the least likely to be able to afford to pay to get into this crap. I WONT BE GOING!!!!! Just then someone clearly answered because he quickly spoke into the mouthpiece, his voice fast and sharp, Hi, Im looking for Amy I listened to the call and to him book the interview, but my thoughts were jumbled. I may have broken his fingers and I shook his hand He started his presentation about the company, asking us how much wed like to make. 3. I asked his name, he says Fitzgerald, refused to give a last name. It sounded awesome until I really started to think about it. MLM is: The lead asked me for $99 upfront, which I did not have. With traditional firms (i.e. Primerica "pyramid scheme" Reviews | Glassdoor If you join Primerica your commission schedule is ridiculously LOW. i have an intervew tomorrow too, but i decided not to go after reading, thank you. She said that if, following the interview, she liked what she saw, the business opportunity would be discussed further. I just went to a meeting last night, everything previously written by past people are true. Thank you everybody. The big guy stated he made over $500,000 last year. The whole thing seemed a little off to me. A pyramid scheme is a fraudulent and unsustainable investment pitch that relies on promising unrealistic returns from imaginary investments. I asked him if this was optional and he said No, its REQUIRED. Thats where my suspicions got ever higher. Still, barely any information given. She asked me a few questions about some displays and such before asking how I liked working there. It takes time, effort and tears to build something you want. After, he said I needed a state license to sell insurance and its a 32-hour course that costs $124 deposit. Can I get your number, and maybe we can chat? I say sure, never expecting to hear from her again, and leave her my number. No rebuttal, just got off the phone. You may even have to buy products before you're eligible to be paid or get certain bonuses. Tameka All insurance agencies are NOT pyramids. Should I in fact back out? etc. Primerica life insurance typically costs $20 to $50 per month for healthy individuals. Is Primerica A Pyramid Scheme? (The Simple Truth) - I Hate Working So, I got up & left to find out who that company was. It is a pyramid scheme in which 99% lose money. This was my first piece of evidence that what they were saying literally was not adding up. i said Look ill be honest with you, Im a very cynical person. How come they are doing it without getting punished? 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. I joined Primerica in 1999 for about 5 minutes. Fortunately, my paralysis didnt last long. And use to convince FLORIDA retirement sustem workerd to move there money with us thinking thatsba good idea and look what is the result ! My ex-employer was somewhat on the shady side. It takes hard, Hi, I do not agree with you. Legit MLMs and pyramid scams have a few key differences. They are liars, they never gave me my money back, they have all my bank info and I feel very unsafe about that. Many years ago I was involved with Primerica. Thank you for the heads up!!! this is defamation. 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. I am so glad I found these comments it saved me the time of going to somewhere that was not what it was suppose to be. I usually check into these things before setting up appointment or returning calls. I went to the orientation before with Primerica and discovered that it was a MLM. So when I flat out asked for a job description, he said that the company was branching out from neighboring Moncton, and because of this they would require an office manager. Posted on . I ask because Primerica agents and Real Estate agents/brokers are both commission based but people have no problem with being a real estate agent right nor do they have any issues with purchasing homes that will most likely put them in HUGE debt. Suddenly a laminated informational booklet comes out for PRIMERICA. I still like her, she seems nice. Therefore, before joining Primerica, you might pose and ask yourself if it is a pyramid scheme. For how many people were in this office suite, it seemed rather small At least the atmosphere was one of a party variety My interviewer asked me a few brief questions about myself, but seemed disinterested as I told her my work history and personal skill sets.