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I ran across this website after somebody posted something on PrimeAmerica on another website. Details are a little sketchy on my end as its been a few years but everything on this website that people have written about their recruiting and hiring practices rings a bell. I was contacted by a Prime America rep in Mesa, AZ about 2 1/2 years ago. I had my resume posted on a job website and sure enough I get a call from a gentleman from "Prime America-a division of CitiCorp" -NOT Citibank like some people mistake them for. He went through his lecture and told me about the job and how I can make tons of money in the investment/insurance field. It all sounded a little too good to be true. He mentioned something about a fee I think it was higher than 199.00 as this fee was to cover a license fee and a background check. He gave me a web address to look up which was primeamerica.com though the website is different than it is now. I listened to his little lecture and told him I would think about it, then called my friend who works for John Hancock and he told me they were a scam that had ripped alot of people off and to walk away from this company. I called the man back and told him no thanks and the guy got very defensive and gave me an attitude. I then just hung up. I've read alot of complaints about aggressive, high pressure recruiters from this company. That is a clue that a company probably is not reputable when they have a bunch of vultures working for them. Also, I know several people that have been contacted by these guys, including my old neighbor and a guy I was briefly dating. Both of these guys almost fell for this scam until I told them what I had found out. Keep in mind that any company that is as aggressive and desperate as these people are in recruiting people probably are not reputable. A successful legitamate company does not hound people like these people do. A good percentage of people that have had resumes up on the web probably have been contacted by these guys. Funny how they don't spend money and advertise in the want ads or employment journals. Moral of the story. PrimeAmerica: Don't call us. We'll call you. Kim Mesa, Arizona
8 Updates & Rebuttals
Luke
Hoth,Alabama,
You need to do some research yourself PAUL
#9UPDATE Employee
Wed, June 26, 2002
Not only do you know nothing about the finanical
world, you also know nothing about what makes
us be. It is the FORCE. It surrounds us, binds us, and makes things happen for a reason.
I was in a staff meeting today with Mr. Bo B. Fet, and I think he had a very point when he said that the Empire will someday will pay for what they did.
The Empire corporation froze Mr. Hann Soloh's ASSets during the whole carboite dilema. It wasn't until after strong negotiations with Mr Jabbah T Hut and Mr Chew Bacah did were his ASSests released, of course with a little help from his lawyer, Mr Ohby Won Kanobe, the famous litagator. So, before you step up with your so called knowledge, remember one thing, Primerica is a joke, and the Force will be us always.
Mr. Luke S. Walker
Paul
Roanoke,Virginia,
Jennifer
#9REBUTTAL Owner of company
Mon, June 24, 2002
"And in response to Paul from Roanoke, "Citicorp" is still in existence. Citicorp, Citigroup, and Citibank are one in the same"
This isn't a big deal but please read my post and research it. If will read the financial news about the Traveler's/Citicorp merger or if you read their 10K filings with the SEC you will see that Citicorp no longer exists as it did before the merger. One entity took the name and is in a completely different market of financial goods. They are under the same group but they are not the same. They are a family of very distinct businesses, who happen to be owned by the same entity. Sandy Weill's whole horizontal integration strategy is based on the distinct of the companies carrying some version of the "Citi" name. How else would there be any cross selling? Again, read the post very carefully before commenting. And go to Citigroup's website where they describe the differences between the companies. Also I think you mean "one and the same", not "one in the same".
Paul
Luke
Agaxalyfarfaraway,Alabama,
J.E.D.I. Corp Rules .. the J.E.D.I. Corporation is the best company in the universe and you really need to leave it alone, it is a FORCE that you can NOT and will never understand.
#9REBUTTAL Individual responds
Fri, June 21, 2002
Just for your information the J.E.D.I. Corporation is the best company in the
universe and you really need to leave it alone, it is a FORCE that you can NOT and will never understand. You wanna hear a REAL success story ?
Our Vice President Mr. Bo B. Fet used to be a bounty hunter, and now he is kickin it old school, with the likes of fine women like Ann A. Kin. And if that in it self isn't a success story, he is on first name basis with the likes of, Mr. Hann Soloh, Mr Chew Bacah, Mr Jabba T. Hutt, and Mr E. Wok. So, before you think you can ever compare that rat speckled Primerimca with the J.E.D.I Corporation you think again.
Meghann
Buffalo,New York,
Citi affiliation...
#9Consumer Comment
Fri, June 21, 2002
Jennifer,
I have to agree with the folks who already responded to your "We're part of Citi, so we must be OK" rebuttal.
My husband works for an affiliate company of CitiGroup & he HATES that you people insist on throwing around the Citi connection to try to legitimize your operation. Everyone who works for Citi knows what Primerica is about, & they are EMBARRASSED to be connected in any way, shape, or form to that operation.
Thankfully, Citi announced last year that it is cutting my husband's company loose by the end of this year, so he won't have to deal with hearing about you people anymore...
jennifer
san antonio,Texas,
I am not defending Primerica
#9Consumer Comment
Fri, June 21, 2002
As I stated before, I am not defending Primerica or anyone affiliated with the company. I am not stating that just because it is under the CITI umbrella, that it is a wonderful organization. It's not a wonderful organization, but it is a legal organization.
The recruiters come on too strong and are way too persistent, but there are people who have been sucessful with this company.
And in response to Paul from Roanoke, "Citicorp" is still in existence. Citicorp, Citigroup, and Citibank are one in the same.
Some people consider Primerica a great company to work with and some people consider them the scum of the earth. Be careful what you get yourself into and if this is not the company for you, do not sign up.
Have a good day!!!!
The Fraud Chick
Ethics,Arkansas,
What's in a Name?
#9Consumer Suggestion
Fri, June 21, 2002
Jennifer,
I, for one, appreciate your input. Very polite and succinct; however, take care to assume a "company" like Primerica is "OK" because it is affiliated with a larger entity.
Primerica is not "OK", it is using a pyramid recruitment style to take in income and absorb whole families into its grasp. It's wrong, it's unethical and it's plain creepy.
Let's all chant some big important company names and big important "names" together. Ready class?
"Enron, Arthur Andersen, K-Mart, Earthlink, Bill Clinton, Richard Nixon, and a wad of Internet companies I can't even begin to name that over stated earnings during the boom.
Thanks!
TFC
Paul
roanoke,Virginia,
Just because Primerica is part of Citi doesn't mean it's legitimate
#9Consumer Comment
Thu, June 20, 2002
Jennifer,
Specifically, the parent or umbrella company is CitiGroup. Citibank is still a regular bank but is also one of the main arms for their emerging markets division.
"Citicorp" no longer exists.
Just because Primerica is part of Citi doesn't mean it's legitimate. Although this is a poor, trite analogy it makes the point: Was J.E.D.I. legitimate because it was under Enron?
There are various reasons why Weill considers Primerica an asset to Citigroup, but none of them necessarily mean that they are the best company to deal with from the perspective of the consumer. It is human nature to fall in line when someone official tells us to, e.g., the government, corporate america, college professors. But just because they seem to have legitimate authority doesn't mean we shouldn't question and figure out for ourselves.
Regardless of one's opinion of Primerica as a company there are two issues that remain. The first is the MLM structure and any misleading that is generated consistently by the company's policies and culture.
The second issue and the one with which I am the most familiar are their sub-par products. The mutual funds in the SB family are market worthy. However, the rates for term life insurance are pretty bad--from my 2 FNA pitches, they were 48% and 53% percent higher than the average of 3 other quotes I got on the exact same insurance: level, 25 year, same amount, etc.
If people are willing to pay for an unnecessarily more expensive product then that is their loss. However, this doesn't sit well with Primerica's pitch to recruits that they are on an altruistic mission to help people financially.
The worst product is the refinancing loan. Saying that the interest rate doesn't matter and hiding the difference with extra payments is very misleading and will literally cost a borrower thousands of dollars unnecessarily.
Finally, the lack of formal personal finance training makes for costly mistakes for many consumers.
Paul
jennifer
san antonio,Texas,
Please Get Your Facts Straight Before You Complain
#9UPDATE Employee
Thu, June 20, 2002
First of all, I am not defending Primerica or anyone affiliated with the compnay. However, you need to gather correct information BEFORE you complain.
The name of the company is PRIMERICA, not PRIME AMERICA.
Also, Citicorp, Citigroup and Citibank are one in the same. Primerica is a part of the CITI family and is not really the shady operation you try to make it seem.
You might to get your facts straight before you complain.
Thanks!!!