Complaint Review: Primerica - Nationwide Nationwide

Step 1: Get licensed before going out on appointments to your friends and relatives. Step 2: Cut out the middleman (your "trainer"). Step 3: Don't give out the names of friends and relatives on the application sheet. Step 4: Get referrals from your friends and relatives and don't share them with anyone else from Primerica. Now make the money.

I have been a Primerica agent for about 5 years. I will not try to wow you with stories of making $25,000 per month. I have averaged about $6,000 per year. But... I only put about 4 hours a month into it. And that's all I care to do. It's a little extra cash for me. I think I do it more for the opportunity to meet new people and help them out. Therefore, my $199 initial investment has returned to me about 150 times. I have made all of my money on my own pen. I have not recruited anyone. I know agents that make $50,000 to $150,000 a year with no recruits. Of course they put a lot more time into it than I but... to each his own. The point is... you can put as much or as little effort as you want into it. And you do not have to recruit new people to make money. But you'll make more if you do. It's called a "BUSINESS" and it's the American way. As far as a new agent not being able to make money on their first training appointments... the fact is that, at least in my state, I was able to make money on new mortgages and refinances within a few days of coming on board. By the time I had been on maybe 5 training appointments I was fully licensed for all of our products and had another 30 referrals from the people on my original list of about 15 people. It's pretty much impossible for your trainer to use up all of your contacts if it's done properly. And, "When did I get paid?"... about a month after my first appointment I received an $800 commision check. AND I DID NOTHING BUT WATCH MY TRAINER DO THE WORK. Of course he made some money... BUT HIS TIME IS AS VALUABLE AS MINE!!! And when I was fully licensed I kicked him to the curb, did my own appointments, and made more money. When I was recruited it was made clear to me that I would have to WORK to make money. I was shown the example of a good percentage (admittedly a minority though) of agents that were making ridiculous incomes. But I was also shown that most new agents don't succeed... and quit. It's definitely not for everyone. Some people are realistic and take it as a learning experience. Others get bitter, become haters, and blame everyone else for their failure. So, anyway... you people need to stop hating and move on. Not everything you encounter in life will suit you. But that doesn't make it evil.

Jesse: First off, I apologize if my title offended you; however, it is true; you sound like a tape recorder. Every Primerica rep that came on this website attempted to sell that same story. The fact still remains that Primerica is a MLM company under the guise of a financial services company (see www.dsa.org). There are people at the top of the Primerica food chain making money (we don't deny that, it's the nature of a pyramid) because they are preying off of YOU; the true believer; the dreamer; the average Primerica Rep. WAKE UP When you dream you have your eyes closed, or should I say, Primerica has pulled the wool over your eyes! This portion of your rebuttal concerns me: "I hate to have to go into this type of detail about these practices. I feel it kind of cheapens the opportunity. Also, as with any company, certain practices of Primerica and it's agents should be privileged info of Primerica's reps. It's just that certain assertions cannot go unchallenged by an actual rebuttal." Why, because you know in your heart, as you began typing out what you wanted to say, you personally questioned the validity of the Primerica opportunity. It also seems to me that you're still having a hard time assimilating yourself into the Primerica culture. Why do you personally think that hundreds and hundreds of people; covering over 30 U.S. states (and Canadian provinces); would start a rumor about Primerica's recruiting practices? If you really look at it; that's what you seem to be sayingwriting off everyone claim as being anecdotal. How far down do you (and other Primerica reps) honestly think the pyramid can go? If you really look at it; with 110,000 reps recruiting three reps each, that would more than cover the population of the US in less than 10 levels! 1. 110,000 2. 330,000 3. 990,000 4. 2,970,000 5. 8,910,000 6. 26,730,000 7. 80,190,000 8. 240,570,000 9. 721,710,000 Just something to think about! Take Care

Why would my trainer see my family/friends and acuaintances before I am licensed? I'm telling you, for most people, this will not happen. For the serious, career-minded trainee who studies well, he'll have his license in a matter of weeks. Trust me, his trainer will not see his entire warm market in that time. Also, it's the trainees choice about whether he and his trainer will go to see his warm market before he passes his license. Why doesn't he take me to see his prospects and train me that way? That's a valid question. The purpose of meetings with families is to get the trainees feet wet. Whether or not the trainee makes money, the benefit to him for the first few appointments is that he'll learn how to do a meeting and make a transaction. All I can say about your question is that the impact of seeing a friend or family member's situation improve because they decided to take advantage of a good opportunity is greater than watching a stranger's situation improve. Plus, if you get your family behind you, at least a good 50% of your way to success is paved. But, you know, it's not advantageous for me to betray the trust of my new teammate and mar her credibility in the eyes of her family/friends or acquaintences. If you were in my position, wouldn't you want to see your new teammate succeed, espcecially if you invest so much time in finding and training them? Whose name will they curse if they are betrayed? Yours? Your company's? Either way you have a lot of work to do to overcome that image. A productive teammate is more important to me in the long run than in the short run. Ask any rep they'll agree. But "the easiest sales to the people who will be the best clients are taken by the trainer." The trainer doesn't TAKE the best clients, especially when it comes to certain programs our families get involved in. The monetary benefit is passed on the the trainee after a while. I'm being vague on purpose. What's more is that the trainee before he's licensed benefits because he gets to observe the meetings and learn from them. The sales are the easiest because there is a level of trust there. Is it wrong to take that opportunity to do something good for a family? Whether or not what we do is good is what this site was created for; there is good and bad with every company, especially a national company that has independant offices. But is it wrong to honor the trust someone places in you and take the opportunity to help them? The warm list won't be exhasted. We both agree on that, so the new rep will have plenty of opportunity to make money. About the upline taking agents. You are referring to the vice president level there, not to the new rep level, which is what we are talking about. Also, if a rep can bring a new teammate into the company, they will earn overrides from that new teammate? Isn't that great, when all business is done honestly and ethically? We've got to keep believing in our dreams. Have you ever met or read of a successful person whose heart, mind and body were not all positioned in the same direction toward his/her success? I doubt it. We need to keep believing like that, especially when times get difficult. Inspite of doubts, we need to believe like that. In a business like Primerica, where your success depends on your efforts and creativity, and not simply on punching a clock, doing a task, and HAVING to punch out, belief is 100 percent important. Look around, you enterprisers. Everyone who is successful will talk like this. It's just that a bunch of people have found a business, Primerica, that works for them. Find one that works for you. I wish you the best of luck. I will keep believing.

Legal and ethical can be two different things. In my opinion what Primerica does in several areas is unethical. 1. Recruiting using Citigroups name; "How would you like to go to work for Citigroup" sure sounds a lot more enticing than saying "how would you like to start doing multi-level marketing selling life insurance for a little known company?". 2. Telling the recruits Primerica is the only company in the industry that will offer them this type of opportunity: This is technically correct but not correct in practicality. True, Primerica is the only obe that sets up a multi-level marketing pyramid based on life insurance howere what they don't tell the recruit is that there are several national agencies around that will allow you to start selling for them with no production requirements and recruit sub-agents on which you can make override commissions. In addition you will start making around 80% commission from the very first policy. You can pay your subagents 60% on their first policy and take 30% yourself and both make more than you would have at primerica. Not only that, you can offer your client the best suitable policy from 50-60 different term insurance carriers instead of having to talk them into buying from a single overpriced product line. 3. Inferring Citigroup stands behind Primerica's policies: Citigroup has absolutely no legal obligation whatsoever to pay benefits on a primerica policy if primerica should fail in the future. If they decide to do so it would be 100% voluntary. Considering the ethical problems Citigroup has had in recent years resulting in regulatory fines and class action settlements totalling over TWO BILLION dollars, I wouldn't be too optimistic they would step up to the plate to help Mt Middle Class family man in the crunch. In no way am I saying primerica does anything illegal. However, to restate, in my opinion the manner in which they recruit, compare themselves to other opportunities within the industry and ride on Citigroup's coattails is unethical.

Quoting: "However, the whole list won't be exhausted because it take a considerable amount of time to contact and set up meetings with at least 10 families. Why? Some people reschedule. By the time such a meeting takes place, the average trainee has his license and will make money if there is a transaction." First you're suggesting that the trainee should wait for the license before going out on these meetings to make money. I will assure you that the trainer will pressure the recruit to do those meetings ASAP so that the trainer will get more commission for himself. Second even with a license, for a frontline agent the payoff is so low as to be ridiculous - less than $6,000 a year in commission which is the average for all Primericans which is before chargebacks (esimated at 50% of the commission) and business expense (keep in mind that chargebacks can take place anytime even after you leave Crimerica - just check your IBA contract - which appears to be unique with Crimerica). Third once your warm market is used up (defined as your friends and relatives who you're close to), then references won't do you much good and your only hope is to build up a downline of your own (even then the average agent makes less than $6,000 a year). On the basis of the foregoing and other data, the odds against you being successful at Crimerica are over a 1,000 to 1. I will reissue my challenge to Crimerica. Give me 12 executives or officers from Crimerica who started off as agents without a license to begin with.

Quoting: "However, the whole list won't be exhausted because it take a considerable amount of time to contact and set up meetings with at least 10 families. Why? Some people reschedule. By the time such a meeting takes place, the average trainee has his license and will make money if there is a transaction." First you're suggesting that the trainee should wait for the license before going out on these meetings to make money. I will assure you that the trainer will pressure the recruit to do those meetings ASAP so that the trainer will get more commission for himself. Second even with a license, for a frontline agent the payoff is so low as to be ridiculous - less than $6,000 a year in commission which is the average for all Primericans which is before chargebacks (esimated at 50% of the commission) and business expense (keep in mind that chargebacks can take place anytime even after you leave Crimerica - just check your IBA contract - which appears to be unique with Crimerica). Third once your warm market is used up (defined as your friends and relatives who you're close to), then references won't do you much good and your only hope is to build up a downline of your own (even then the average agent makes less than $6,000 a year). On the basis of the foregoing and other data, the odds against you being successful at Crimerica are over a 1,000 to 1. I will reissue my challenge to Crimerica. Give me 12 executives or officers from Crimerica who started off as agents without a license to begin with.

Quoting: "However, the whole list won't be exhausted because it take a considerable amount of time to contact and set up meetings with at least 10 families. Why? Some people reschedule. By the time such a meeting takes place, the average trainee has his license and will make money if there is a transaction." First you're suggesting that the trainee should wait for the license before going out on these meetings to make money. I will assure you that the trainer will pressure the recruit to do those meetings ASAP so that the trainer will get more commission for himself. Second even with a license, for a frontline agent the payoff is so low as to be ridiculous - less than $6,000 a year in commission which is the average for all Primericans which is before chargebacks (esimated at 50% of the commission) and business expense (keep in mind that chargebacks can take place anytime even after you leave Crimerica - just check your IBA contract - which appears to be unique with Crimerica). Third once your warm market is used up (defined as your friends and relatives who you're close to), then references won't do you much good and your only hope is to build up a downline of your own (even then the average agent makes less than $6,000 a year). On the basis of the foregoing and other data, the odds against you being successful at Crimerica are over a 1,000 to 1. I will reissue my challenge to Crimerica. Give me 12 executives or officers from Crimerica who started off as agents without a license to begin with.

Quoting: "However, the whole list won't be exhausted because it take a considerable amount of time to contact and set up meetings with at least 10 families. Why? Some people reschedule. By the time such a meeting takes place, the average trainee has his license and will make money if there is a transaction." First you're suggesting that the trainee should wait for the license before going out on these meetings to make money. I will assure you that the trainer will pressure the recruit to do those meetings ASAP so that the trainer will get more commission for himself. Second even with a license, for a frontline agent the payoff is so low as to be ridiculous - less than $6,000 a year in commission which is the average for all Primericans which is before chargebacks (esimated at 50% of the commission) and business expense (keep in mind that chargebacks can take place anytime even after you leave Crimerica - just check your IBA contract - which appears to be unique with Crimerica). Third once your warm market is used up (defined as your friends and relatives who you're close to), then references won't do you much good and your only hope is to build up a downline of your own (even then the average agent makes less than $6,000 a year). On the basis of the foregoing and other data, the odds against you being successful at Crimerica are over a 1,000 to 1. I will reissue my challenge to Crimerica. Give me 12 executives or officers from Crimerica who started off as agents without a license to begin with.

I don't get your logic, Jesse. If my warm market is my best place to start my business, then why would my trainer see them before I am licensed? The answer is he wants the commission from my warm market. Why doesn't he take me to see HIS prospects and train me that way? The answer is that PFS reps are taught to recruit first for the specific result of obtaining an unlicensed agent's warm market and making the sales to them. I never said the whole list would be exhausted before a guy gets licensed, I said the easiest sales to the people who will be the best clients are taken by the Trainer. Add to that the warm markets of all the new recruits of a new unlicensed guy and this trainer just got 20-30 sales from the new guy and the new guy has not seen dime one yet. Add to that the fact that your up line will take your best agents and all the potential income they will generate for you from you before you get promoted and you see how new recruits are exploited for the gain of the up line. But you keep believing that it's your business.

I wanted to respond to the skull pilot post. If skull pilot is a victim of an agent's or the company's business practices, I sympathize, but if not, I take offense. The statement about the trainer making commissions from the list of 100 before the trainee becomes licensed is logical, but it's not truth. The trainer does earn money for the work she puts in. The benefit to the trainiee is that they gain practical knowledge of how a meeting with a family works. However, the whole list won't be exhausted because it take a considerable amount of time to contact and set up meetings with at least 10 families. Why? Some people reschedule. By the time such a meeting takes place, the average trainee has his license and will make money if there is a transaction. Another reason the list won't be exhausted is that the trainer will work from word-of-mouth referrals of the first family they help. In this way, the training is thorough, and the new rep still has 9 of his friends that he can go see. I'm just simplifying for example's sake. Yet another reason the list won't be exhausted is that sometimes secondary meetings with families have to be set, rescheduled, and reset. By this time the newly licensed rep can earn money. I hate to have to go into this type of detail about these practices. I feel it kind of cheapens the opportunity. Also, as with any company, certain practices of Primerica and it's agents should be privileged info of Primerica's reps. It's just that certain assertions cannot go unchallenged by an actual rebuttal. Please, if you are considering the opportunity, don't despair or base your decision soley on the angry missives of people whose only loss in their relationship with Primerica was their time; or, 199 at the most. Because, most likely, they invested 199 and adopted a wait-and-see attitude, while others around them, who are enterprisers and the true entrepreneurs that our country thrives on, made money. However, do listen to the people who suffered legitimate loss. I sympathize with them, and although this site frowns on me saying this, I do suggest that you see the company about resolving the issue if you haven't. Lastly, Mr./mrs. skull, I'm not sure about other offices, but my office does teach methods for developing new clientele without working from trainiees' lists. These are methods that I will teach my teammates. Some of the most successful people in my company have gone so far as to do cold-calling. Why? Because this company allows them to do what ever is effective in building a business, or whatever you call it, that pays them five, six, and seven figures. I assure you most did it ethically, and all did it legally. Way to go, Jim, for telling about how the industry is!

I have been to 3 different meetings in three different states over about 10 years. It is always the same hype. I have lost friends to Primerica because of the cult like brainwashing. The products are the worst I have ever seen and the prices are outrageous. I was an insurance agent in AZ for 3 years. My absolute worst product could beat Primerica's best product in both price and quality. Primerica is a scam and a cult. Run very fast if you get approached by someone offering this "opportunity" You may have to run, because they are brainwashed not to accept NO for an answer.

Primerica makes a big deal of the fact it will only charge one policy fee to a couple and this is supposed to save the couple money. The fact is primerica overcharges women so badly that the even if another company charges 2 policy fees they will still be substantially lower than primerica. For example, a 43 year old non-smoking couple in normal good health would pay $896 a year with primerica. First Colony would charge the same couple $730 even with separate policy fees. $166 a year for 20 years at the 12% primerica reps are constantly quoting as average stock growth comes to $14,997 in lost savings. This is your real (in primerica definitions) cost for buying primerica's overpriced term insurance.

Primerica's astronomical rates for insuring women goes counter the base Primerica philosophy of never buy cash value insurance and invest the difference in mutual funds. For example, a 43 year old non-smoking woman in normal good health must pay $606 a year for $300,000 of straight 20 year primerica term insurance. She could purchase the same from an A++ rated company for $326 a year....a difference of $280 per year. Assuming 8% net growth per year (after taxes and expenses) that $280 would have grown to $15,163. However that woman could buy RETURN OF PREMIUM term insurance for $738 a year from an A++ rated company. That means she would get $14,760 returned to her GUARANTEED AND TAX FREE at the end of 20 years. For her to buy Primerica's expensive 20 year straight term at $606 a year and invest the difference she would have to find a guaranteed tax-free investment that would return 13.6% after expenses. So Primericans, where can you get 13.6% guaranteed and tax free? Answer....you can't!

Why would a woman go into Primerica? Primerica offers the highest insurance rates imaginable to women because they charge unisex rates. For example General Electric Capital Assurance Company would sell $300,000 of 20 year term to a 43 year old non-smoking woman in good health for $326 a year. Primerica is $606 for that same female, almost double!!!!! Looking at it another way if the woman could only afford $25 a month for insurance and $25 for mutual fund investing primerica would only give her a $60,000 death benefit for her $25 a month premium (apparently they won't issue preferred for that low amount) while GE Capital Assurance will provide her with a $300,000 death benefit for the $26 monthly premium. What would benefit her family more in the event of death? A $60,000 death benefit or $300,000? Gee whiz! I thought primerica was founded on the belief that the middle income wage earner was underinsured because insurance companies were ripping them off by selling them high cost insurance. Who is selling the high cost insurance to single Mom's???? Primerica is, was and always shall be rubes selling to rubes..........cynical greedy rubes to gullible rubes.

Jim, When do you get paid? And..... How much money have you made with Primerica? (I think I'm safe......I've never heard of a person punching someone through a web-thread!) About two years ago I was at a local bar having a few drinks with some old friends from high school. I stepped outside to have a smoke and noticed an office space next too the bar with its windows all taped up with copy paper. The light was on and obviously there were many people inside. A few hours later, and another smoke. Suddenly the doors busted open and about 20 or so people wandered out. Mainly young early 20's to 30's types. One of my friends started a conversation with a girl that had asked him for a cigarette. She mentioned that it was a Primerica meeting. Both of us KNEW exactly what kind of pyramid scheme Primerica was. By then most had wandered off to go about their own way. A few still hung around. For what reason I dont know. Waiting for a ride maybe. Or even just trying to take in some fresh air after being in that little space for so long. Anyway...... My friend and I are almost in tears trying to hold back the laughter and the anger about businesses like that. Suddenly my friend tells the whole crew still left "Hey, I'll buy you all drinks if you quit working for Primerica right now and go look for some real honest work in the morning.....assuming your not too hung-over of course!". All of those that were left took him up on that offer. Now my friend may have been a little drunk, but he certainly could afford it. Honestly I dont know if any of them really did quit either. I mean, get real. A free drink is a free drink. Now I know this seems like a stupid little story. But it has always stuck in my mind. I think the one thing that sticks more than any of it was the one line the girl said after she got her drink...... "This Long Island Iced Tea is the first thing I ever got by comming to a Primerica meeting" I still get tears of laughter when I think about it. Enjoy! (P.S. Maybe Primerica should stop holding their meetings in run down offices next to a bar!)

Here we see Jim at level two, stating that Primerica isn't all that bad, and a few "bad apples" do exist. I'm guessing those bad apples are secret anti-Primerica agents. Go to a few more meetings and soon enough you'll be spewing cusses and telling all of us that you'll make more money than all of us put together. It's sad, but you are definitely on your way. It's almost as if you've asked the same questions we post here to your superiors at the meetings. You then regurgitate the party line exactly as they told you too. Going over many other posts, many NOT from you but other Primerica "employees," I see the same exact thing. Hell, I'd even say they TELL you to post that there are anti-Primerica people out there.

Jim says....other companies have people who were in other walks of life before becoming agents just like Primerica. Answer- yeah, the difference is while they are agents of these other companies its what they do FULL TIME. Doing it FULL TIME can't help but to make you better at it than doing it part time. Talking to people and trying to come up with the best possible solution rather than always offering the same solution to everyone can't help but to make you better over time. Yours truly was a teacher and a coach before entering this profession...but its all I've done since. I have lived through two market crashes. I've seen fads in insurance come and go....(like deposit term). I've seen people lose LOTS of money in mutual funds in what were supposed to be safe harbors in the market with low volatility. Bottom line is this.........term insurance plus mutual funds is a fine way to go for many many people, but not everyone. If it is the best way to go for you, then search out the lowest price term insurance from a reputable company you can find and the mutual funds with the LOWEST possible expenses. Don't let your auto mechanic nephew with one line of highly priced term insurance to offer and his barely educated RVP offering you some house mutual funds do it for you.

Level #5- Jim says that agents from other companies try to make you believe they were knowledgable about financial matters before they went to work in financial services. Answer- who in the world ever told you this? What were they smoking and how much is it per ounce? One the silliest things I've ever heard? Level #6- Jim Says" Other agents make a big deal out of the $199 Primerica charges you but don't mention Farmers charges new agents $2000. Answer- I have no idea what Farmers does but I do know that the big agencies like New York Life pay YOU to come to work for them. I had a secretary go to work for New York Life as an agent three years ago and they paid her $2,500 a month plus benefits to start. This was a training alowance and NOT a draw against commission and NOT a loan. After 6 months it became a combination of draw and loan, but not to start. The point is New York Life invested in HER, not the other way around. Primerica invests NOTHING in its agents so they don't care if they fail. Primerica is only interested in getting the six referrals so some new business can be generated and if the new agent makes a few bucks later great...if not its no skin off thier nose. Level #7- Jim says "other agents want you to believe they have qualifications beyond tgheir license. Answer- Jim, are you trying to say taking college level courses in financial planning to become a CFP is meaningless? Are you trying to say that an agent who knows the products of ONE company that sells only ONE line of insurance product (term) is all anyone needs to know? Its a rhetorical question. I know thats exactly what you meant to say.....and I let that statement stand with any consumers or people curious about Primerica to see. Primerica DISCOURAGES their agents from getting any training whatsoever beyond the bare minimum continuing education requirements their state may mandate. The reason is because as agents become more aware of what else is out there they have question their barely educated Regional Vice Presidents (who are nothing more than someone who has successfully recruited a few people) can answer.

#3. The competing agent tries to tell you the meetings at his company are different than Primerica's blah blah blah........ Answer......Yes they are! NEVER once did we chant "TERM is for WORMS" or anything else stupid like that. We did nothing similar to the "trash value" chants Primerica reps do at theirs. (Don't even try to deny it) At our meetings we were taught something technical each and every week...whether it was about charitable trusts, giving, estate planning, financial planning, etc....... We were given knowledge in ALL areas of finance, not just term insurance, mutual funds and bi-weekly mortgage programs. If you ask a Primerican how a investing in First Deeds of Trust can be a great thing for a middle class american they just go "DUH".......and thats because their training is so limited. The Financial Needs Analysis is nothing more than a slaes track to get a client to agree they need to purchase term insurance and buy kutual funds...it is NOT financial planning and Primerica agents and RVPs are NOT financial planners. Look at primerica's home page if you want agreement on that.

#2. We tell people we're a subsidiary of Citigroup. What's wrong with that? A. Primerica's agents always imply (if not blatantly promising) that Citigroup stands behind the policies Primerica sells. This is 100% WRONG!!!!! If Primerica goes bellyup Citigroup has absolutely no legal obligation whatsoever to honor any guarantee made in any Primerica policy. When faced with a similar situation a number of years ago American Express gave the policyholder's of their "pet" insurance company the finger. For Primerica agents to imply Citigroup would stand behind the policies they write is unethical as it would be for someone selling First Colony to imply General Electric would stand behind those policies.

Jim, everywhere I look you have posted something stupid. I have come to the conclusion that you are the worst liar on the face of planet, or you have the intelligence of a single celled organism. On second thought, it's probably both. So according to you, the only people that come on Rip off Report (just by reading the ridiculous chart you came up with confirms this assumption) are enemy agents of rival companies. Well, news flash you moron, I am not a member/employee of any rival company to Primerica. Considering the one I work for isn't even in the same market as yours. Not to mention, the person who made this thread was says that he is a Manager of a Cleaning Crew, nothing about being in Primerica. It's always a great hoot to read what you have to say, just due to the fact that all your posts are so incredibly stupid, incredibly short sighted and incredibly dumb. You are a prime example of someone who has been brainwashed by your up-lines and others in your wonderful company. The place that I work at didn't need to spend months trying to convince me they were great to work for; I knew that before I even applied. I wanted to work for them; that's why I applied to work for them. Duh! They also didn't have to get me to attend meetings where I would have to get up and clap and go WHOO h*o FOR PRIMERICA. Any meeting that was required for me to attend, where paid training meetings where we discussed important issues on how to be more efficient. Once again Jim, you are proving you are a moron. The fact Jim you have to crap all over other companies saying that people are slaves to their bosses, and have crocks called benefits just goes so show that you could never be a real financial advisor that you claim to be because you don't have the professionalism to be one. You are just a small little man trying to walk in shoes much too big for him. It's sad really, but go ahead and keep making an a*s of yourself, and I will continue to laugh my a*s off at you. By the way, where is a sample of your pay stub? If you can be so rich at working for Primerica, let's see what you have been making. Ok? Prove me wrong and I will be the first to say it.

Jim, I've read enough of your posts to know you'll try to refute what I say but here goes. The procedure for starting your own PFS business (even though it is never really yours) is this: Pay your $199. Now I don't think this is a big deal because you have to get licensed anyway and depending on where you live an insurance license may be more or less than $199. Give your trainer a list of 100 people you know. Call them up and set appointments for your trainer Now here is where you as a new recruit get screwed out of commissions that should be yours. Your trainer will take you out while you are not licensed and sell to all your family and friends. And anyone you recruit before you get your license will also be trained by your up line so he gets commissions on all their friends and family that he sells to as well. So your trainer sells you a policy, as many of your friends and family a policy as he can he sells to all your new recruits and their friends and families and you haven't seen a dime. You were just frozen out of a substantial amount of commissions under the guise of training. Now what should be done is your trainer should take you on appointments that he has set up for himself and observe him on those appointments while you are not licensed. When you get your license, you should write your own policy and your trainer should accompany you when you see your warm market. You'll get your full commission and your up line will get his override. This does not happen because PFS reps are not taught how to prospect for business. They are told to get all their business by taking a new recruit's warm market for themselves. So during the first 60-90 days which is the average time it takes to get licensed you've supplied your up line with a bunch of sales calls that he could not get on his own and you got paid nothing. Then after you've gone up the recruiting ladder and made it to Regional Leader, before you can become an RVP you have to give away as many of your agents to your up line RVP as he wants. I know an SVP who takes the best 2 legs of an agent when that agent goes RVP. Not only have you gotten screwed out of commissions early on, now you lose a huge chunk of your income when you go RVP. If you have 10 frontline agents and a total team of 100 agents and your 2 biggest, best producing legs are stolen by your up line what does that do to your income? Weren't you told that this is your business? Then why should you give away your income in order to get a promotion?

Level one - Agent of a competitor insurance company poses as a "duped" and "brainwashed" recruit or attempted recruit. Level two - disfunctional agent tries to complain that Primerica Agents state that Primerica is a subsidiary of Citigroup and a sister company of Citibank. Question: What is the problem with telling who you represent and are a subsidiary of? Level three - The exploding brain of an enemy agent of Primerica then screams that going to training meetings is so much different than going to their own weekly training meetings. That, their companies don't try to show how wonderful they are and their products are great for the public. That, they also are in contact with the big money makers of their companies to try and motivate their agents to work harder. Level four - Squirming agents then attempt to act as if they don't know that they personally own term life insurance on their own life and invest in their companies mutual funds. Yet, they turn around and sell cash value policies as the product for all and that for some reason they are different than their clients and therefore should get 5 times the coverage for half the cost than they give their clients. And, invest the difference in cost. In otherwords, don't do as I do, do as I say so I can make more money. Level five - Puffed up competing agents try to let people know they were complete knowledgable about financial products and sales techniques before going to work for their present company, which 99% of them were not! The don't let you know they too started from scratch to learn their profession and at most have a two to three week crash course on how to sell those cash value products. Also, they don't let you know that they too have to be licensed just like Primerica agents do. Then, they complain that to work for Primerica, one has to be licensed. Then, they complain after being shown how they burn people with their life insurance that they are somehow smarter and older than Primerica agents. Actually, this is somewhat true that they are older since insurance companies are having a difficult time recruiting new agents. Level six - Stingy competing agents try to tell you paying $199 for you insurance license is anything different for other companies. Yet, for Farmers want-a-bees, they have to cough up $2,000 just to get started. And, so do most other companies require hi fees to enter their training programs which include field training, just like Primerica Agents. Level seven - Baffle competing agents then try to make you believe one has to have "qualifications" above and beyond the licenses that are required. When, in reality, all other companies seek out people from other walks of life just as Primerica does. Ask your agent what they did before they went to work with their company. Many were teachers, coaches, technicians and so on just like Primerica. Level eight - Pyramid shaped competing agents then try to show how the structure of the companies are somehow better than Primerica's because Primerica doesn't stop someone from becoming like a general agent and opening their own offices. They don't tell you that most companies decide how many offices can be in any one region limiting their agent from becoming their own general agent or broker. And, they don't tell you that if an agent with their company does become a general agent, the general agent they worked for loses all the overrides they received from the new general agent. Yet, in Primerica, if an agent wishes to freely choose to become a RVP (like a general agent owning their own office and supervises their agents)that they can without restriction on if their are too many offices. Level nine - Brainwashed competing agents thinking they are somehow trying to work differently start asking brainless questions like the following, with rebuttal: Q: So how do you make all your money? rebuttal - So, how do you make all your money? Work hard, right! A: You form a group of people that work under you, and you get paid from what they sell. You really should come to a meeting. rebuttal - If you open an agency, clothing store, telecom company or any other business other than self-employed, you form a group of people that work under you and you get paid from what they sell or do. You really should come and work for one of them. You will get a salary with a hard glass ceiling and a crock called benefits which you really pay for. Q: Have you gotten your license yet? rebuttal - Anyone who wants to marked financial products must be licensed. Have you gotten yours or just weren't able to pass the exams? A: No, but I need to study and take the test from the State. rebuttal - What is wrong with this answer? You do want people who are properly licensed selling you your products, don't you? THE NUMBER ONE QUESTION: When do you get paid? ANSWER: When I get my license. rebuttal - When selling financial products, it is againt the law to sell and be paid for selling financial service products. Thus, is that not the correct answer??? So, what's your beef? Are you saying that you are being paid for your sales of financial products without a license? Level ten - The truly irrated competitive agent then wants to say that Primerica agents promise that everyone will earn "big bucks." Of course, this is not true. All state very clearly that making big money depends upon many factors like very hard work. I've never heard one Primerica agent say in 20 years that this is an easy business. Get a clue! It takes hard work and lots of study and self-improvement to make "big bucks." Take a look in your line of work or company. What percentage is making "big bucks?" I doubt not even 5% are. More like a tenth of a percent, if lucky! There is nothing different here except people may work part-time and develop their abilities and knowledge before going full-time and start working hard. Level eleven - The competing agent then tries to say that recruiting is an improper thing to do. Course, if that is the case, then no business should be allowed to advertise and the First Ammendment is destroyed since you think your friend should not be able to freely express his advertising and excitement in his business. And, then, the emploding competitor starts to suggest his friend gets mad and violent at him going against his attempts to recruit you. Like I really believe you now after that stupid statement. All-in-all, the competing agent's goal is to somehow equate Primerica with a religious cult. Yet, all people from all religions, nations, creeds, colors, sex, sexual orientation and national origins are welcome and are a part of Primerica if they legally qualify with federal and stated regulations and receive their proper licenses and stay licensed. Are you suggesting that people should not be excited about who they work for? Or, are you suggestion that a person shouldn't be proud about how they have helped a friend and client better their financial position? What's wrong with you that you would attack capitalism, democracy and the republic we live in? Grow up sir!