Complaint Review: Primerica Financial Services

I've read so many report yet I must admit... nothing can convince me more than my own experience. I meet up with a gentleman at a coffee shop over breakfast. In fact, I was actually meeting him for some vocal training. He is a record producer/singer of all people. A nice man but I've formed a rather "shady" opinion about him now.

After we discussed my vocal lessons he began to talk to me able this great company that has huge opportuinty. He was very straight forward he didn't tell me anything that wasn't true... although he did play his words real smooth. He first explained to me that Primerica was a "Debt Solution Specialist" company. They tried to help people get out of debt. He showed me exactlly what he did. He said, "I set up an appointment with a client and I bacially show them how to get out of debt faster, and how to invest in something that banks won't tell you." With that I was all ears. He brought out a demonstration of a previous client he had served. It showed a list of 5 different debts. Credit cards, a mortgage and some other misc debts. A chart at the bottom showed how a person can get out of debt paying the minimum (which btw the client was) and how the client could get out of debt the "Primerica" way.

Ok, from the looks of the chart, I was already shocked. Try not even an 1/8 the length of the minimum payment chart. He pulled out a second paper which showed another financial managment chart and the clients debt.. but this time rearanged and modified. The chart shocked me. The client was able to pay the debt off in 5 months rather than the 7 years or more (I can't remember) what was shown on the chart! This was absolutly amazing. At first I had this feeling this was all just a play of numbers, but in fact it was not. All truth.

Wow, now this I thought to myself was really an honest way to make a living. That was... until he pitched the Term Insurance and the Mortgage sales. He went though the whole $199.00 "we pay you back" spill. It still sounded good. Not too horribly bad. But then when he told me about this crash course, and how I needed 6 "profile references" my Herbalife days started to creep in.
I figured it out right off the bat! MLM! Now, I already know what all you Primerica advocates are thinking. Yes, I'm about to bash it. Sorry but its truth.

Lets look at whats really going on. So I get this spill about how my "profile references" are just test runs right? WRONG! Thats potential Primerica meat. Fresh meat. My own FAMILY MEAT! MY BEST FRIENDS TYPE MEAT. So, your going to try to help them get out of debt huh? Thats great, Mr. Jekyll is helping the client, putting some faith in humanity. That is until Mr. Hyde comes out and tried to sell some Term insurance, which btw uses the seek tactic! Yeah people need insurance, they offer some great coverage but at a high price for term. Cash value huh?

Hmmm, I suggest you really think about that first. Secondly refincing your mortgage is the real heart breaker. I've found a far too many people who were destroyed to find out that the bi-monthly payment are truly a play of numbers and in fact increase the life of the loan and really destroy the american dream. Yeah, dream is what I said. Isn't owning your own home one of the american dreams? Yeah I thought so you crook! Oh, and if you think about it, 1 trillion dollars in assets is really an impressive number. But you really mean all those mortgage loans and homes you own from mislead victms right? You wan't to sell term insurance? SELL TERM INSURANCE! Don't go into peoples homes offer FREE financial advice and then weasle in a term or mortgage sale.

Thats whats wrong with america today. You people disillution those of us who try to be true to ourself. I consider myself a victim just imagine what horrable things I would have done if I actually would have went though with this. Although I still may use their financial 'method' to truely help those in need. I'll tell as many people just to get their goat! Lets not forget the rule of 72 either.

Btw, to the lady who brought Jesus into the conversation saying that he did good (just as Primerica does supposidly) and was crusified. Remember, he was perfect, Primerica agents on the other hand are not. Oh and the just FYI, rep who tried to get me into this was also helping people at his church refinance their mortgage. I hope that settles your scum filled heart. Be honest with yourselves, if your in Primerica for the Insurance, don't hide behind FREE financial adivice (aka debt analysis). Be up front otherwise your a liar and a swindler!
Also, don't lie to new agents and tell them that the 6 profile references are for 'training'. Thats a lie too, you know they are just fresh meat to try to get to purchase your 'investment insurance'. Whatever, I'm disgusted now.

Erik
Keene, Texas
U.S.A.

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