Complaint Review: Primerica - Portland Oregon

You say you searched around and found primerica's life insurance was the lowest???? You didn't search too far. $250,000 20 year term healthy non smoking couple age *primerica A++ company diff over 20 years 35 460 295 $3,300 40 635 385 $5,000 45 850 623 $4,454 *-primerica is not rated A++, the highest possible rating Looking at it another way how much more death benefit could they have purchased had they not chosen primerica? What would be more important to a family if the breadwinner dies......having a $250,000 death benefit for $50 a month or having having a $375,000 death benefit? I'm sure you did just as fine a job researching your loan. I'll bet that apples to apples loan comparison the primerica rep did included showing a biweekly plan versus a 30 year loan and he didn't tell you that by merely adding 8.33% of every principle and interest payment to your current loan you could have duplicated the benefits of a biweekly plan exactly without the added $6,000 expense of refinancing and without losing your lower interest home loan.

If you learned a lot and can take your skills elsewhere...then do it!!!!! You can do EXACTLY what you do with primerica, give the same advice and make lots more money for yourself and your downline while saving your clients 10s of $1,000s of dollars on loans and insurance. How do you know what I say is true? Show some intellectual curiosity and find out.

I am currently taking a class with "Crimerica" to get liscensed for life insurance. My class is taught by a Primerica represenative. So far my learing experience has been wonderful and I feel that I have lost nothing (with the exception of the $199 fee which I will be receiving a check for within the coming weeks). My teacher (who as stated before is a rep of Primerica) has said many times that we need to be there to HELP not HURT. We are taught to do the right thing and to be honest in laying out full disclosure on our policies (fully explaining the fine print that so many consumers fail to read or misinterpret.) Several times it has been emphasized to me that should we run across a client who has a better policy then we are offering to let them know they are currently on a great plan and to stick with their current insurance company. Of course their are people out there just looking to make a quick buck even if it means jeopardizing the finances of a client but that is NOT what I have been taught through my field training and classes. Yes, I know far to well about the "bad apples" but you will find that with any company you go to. I was introduced to this company by a good friend of mine who I know had my best interests at heart. For those who say they didn't see a dime while being with this company I'd like to see a list of your clientele and documentation of the time you put into it. Time is money. We live in a soceity who forgets this sometimes, especially when they have the freedom to work their own hours. I have seen paystubs of people on my team who have been with the company for as little as 6 months and they are rather impressive. I have also seen the other side of the spectrum with people on my team who self admittably don't put the proper time into the company. I'd also like to note that since my very first meeting with "crimerica" nothing has ever been pushed on me, be it sales or starting a career with them. I made the decision on my OWN. I am an honest, hard worker and want to help people. I chose Primerica as an outlet to help those in need. If it doesn't work out who cares? I learned a lot and can take my skills with me elsewhere.

I am currently taking a class with "Crimerica" to get liscensed for life insurance. My class is taught by a Primerica represenative. So far my learing experience has been wonderful and I feel that I have lost nothing (with the exception of the $199 fee which I will be receiving a check for within the coming weeks). My teacher (who as stated before is a rep of Primerica) has said many times that we need to be there to HELP not HURT. We are taught to do the right thing and to be honest in laying out full disclosure on our policies (fully explaining the fine print that so many consumers fail to read or misinterpret.) Several times it has been emphasized to me that should we run across a client who has a better policy then we are offering to let them know they are currently on a great plan and to stick with their current insurance company. Of course their are people out there just looking to make a quick buck even if it means jeopardizing the finances of a client but that is NOT what I have been taught through my field training and classes. Yes, I know far to well about the "bad apples" but you will find that with any company you go to. I was introduced to this company by a good friend of mine who I know had my best interests at heart. For those who say they didn't see a dime while being with this company I'd like to see a list of your clientele and documentation of the time you put into it. Time is money. We live in a soceity who forgets this sometimes, especially when they have the freedom to work their own hours. I have seen paystubs of people on my team who have been with the company for as little as 6 months and they are rather impressive. I have also seen the other side of the spectrum with people on my team who self admittably don't put the proper time into the company. I'd also like to note that since my very first meeting with "crimerica" nothing has ever been pushed on me, be it sales or starting a career with them. I made the decision on my OWN. I am an honest, hard worker and want to help people. I chose Primerica as an outlet to help those in need. If it doesn't work out who cares? I learned a lot and can take my skills with me elsewhere.

I am currently taking a class with "Crimerica" to get liscensed for life insurance. My class is taught by a Primerica represenative. So far my learing experience has been wonderful and I feel that I have lost nothing (with the exception of the $199 fee which I will be receiving a check for within the coming weeks). My teacher (who as stated before is a rep of Primerica) has said many times that we need to be there to HELP not HURT. We are taught to do the right thing and to be honest in laying out full disclosure on our policies (fully explaining the fine print that so many consumers fail to read or misinterpret.) Several times it has been emphasized to me that should we run across a client who has a better policy then we are offering to let them know they are currently on a great plan and to stick with their current insurance company. Of course their are people out there just looking to make a quick buck even if it means jeopardizing the finances of a client but that is NOT what I have been taught through my field training and classes. Yes, I know far to well about the "bad apples" but you will find that with any company you go to. I was introduced to this company by a good friend of mine who I know had my best interests at heart. For those who say they didn't see a dime while being with this company I'd like to see a list of your clientele and documentation of the time you put into it. Time is money. We live in a soceity who forgets this sometimes, especially when they have the freedom to work their own hours. I have seen paystubs of people on my team who have been with the company for as little as 6 months and they are rather impressive. I have also seen the other side of the spectrum with people on my team who self admittably don't put the proper time into the company. I'd also like to note that since my very first meeting with "crimerica" nothing has ever been pushed on me, be it sales or starting a career with them. I made the decision on my OWN. I am an honest, hard worker and want to help people. I chose Primerica as an outlet to help those in need. If it doesn't work out who cares? I learned a lot and can take my skills with me elsewhere.

I am currently taking a class with "Crimerica" to get liscensed for life insurance. My class is taught by a Primerica represenative. So far my learing experience has been wonderful and I feel that I have lost nothing (with the exception of the $199 fee which I will be receiving a check for within the coming weeks). My teacher (who as stated before is a rep of Primerica) has said many times that we need to be there to HELP not HURT. We are taught to do the right thing and to be honest in laying out full disclosure on our policies (fully explaining the fine print that so many consumers fail to read or misinterpret.) Several times it has been emphasized to me that should we run across a client who has a better policy then we are offering to let them know they are currently on a great plan and to stick with their current insurance company. Of course their are people out there just looking to make a quick buck even if it means jeopardizing the finances of a client but that is NOT what I have been taught through my field training and classes. Yes, I know far to well about the "bad apples" but you will find that with any company you go to. I was introduced to this company by a good friend of mine who I know had my best interests at heart. For those who say they didn't see a dime while being with this company I'd like to see a list of your clientele and documentation of the time you put into it. Time is money. We live in a soceity who forgets this sometimes, especially when they have the freedom to work their own hours. I have seen paystubs of people on my team who have been with the company for as little as 6 months and they are rather impressive. I have also seen the other side of the spectrum with people on my team who self admittably don't put the proper time into the company. I'd also like to note that since my very first meeting with "crimerica" nothing has ever been pushed on me, be it sales or starting a career with them. I made the decision on my OWN. I am an honest, hard worker and want to help people. I chose Primerica as an outlet to help those in need. If it doesn't work out who cares? I learned a lot and can take my skills with me elsewhere.

Witness the following two quotes: "I can honestly see how people out there feel that companies like Primerica are ripping them off." "I cannot understand how some of these lovely people posting messages feel that Primerica is "ripping people off"." A born politician. Now let's get down to the nitty gritty. First I quote. "This said, the failures of prior recruits lay wholly with their team." That's an original. Instead of saying that the recruit is lazy or incompetent, blame their lack of success on the team instead. But isn't it true that the team extends very far up all the way to the top where the fat cats are. How does any team overcome Crimerica (whoops I misspelled the name) with their pyramid scheme structure? More to the point provide documentation proving just how wonderful Crimerica (there I go again) is. Otherwise I'll be looking for your float at the Macy's Day Parade because you're also full of hot air.

You want to compare products side by side so here are a couple. The life insurance PFDS sells is some of the most expensive on the market. I did not say it was THE most expensive. Compare your PFS policy to AIG, Banner, Chase, Fidelity & Guarantee and see how competitive it is. And there is much more to a term plicy than just price. Now PFS says that they have all these great features such as renew ability to age 95, accelerated death benefits for terminally ill clients, etc. Well, most policies have all these things as well. The thing that a PFS policy does not have is a good conversion option so that you can change your policy to a permanent plan if you need to. I've done the mortgage example before look at this thread to see it http://www.ripoffreport.com/reports/ripoff147643.htm And for Insurance comparisons See this thread http://www.ripoffreport.com/reports/ripoff155043.htm After your reply to these, we'll talk about the business opportunity.

I can honestly see how people out there feel that companies like Primerica are ripping them off. There are two types of people who feel this way. The first is the customer who is offered a great home refi. or very affordable life insurance. The second is the working stiff being recruited to do the selling by an over zealous recruiter. Both are thinking one thing: "Anything to good to be true is probably just that!" What many people don't do is take the time to compare just the numbers. The numbers doing lie! Saving money is saving money. Not because you took your salesman's advise but because you were astute enough to shop around & compare apples to apples. As with most anything in life, sometimes you have wipe away the sugar coating & get to the heart of the matter to find the WHOLE truth. I cannot understand how some of these lovely people posting messages feel that Primerica is "ripping people off". True with every company it only takes one bad apple employee acting immorally to leave a bad taste in your mouth toward the whole. The truth I've found for myself is that they truly DO offer some of the lowest insurance rates to everyday Joes like myself, & I HAVE shopped around & even bought other policies before finding my present policy (twice as much coverage as "the company you keep"'s policy allowed & for $2 less a month..) The second part to the story is where the unhappy recruits should have been spending more of their time. The real money in Primerica is in the "Smart" loans (A dept consolidation loan.) not the life insurance. Bigger compensation, with more people seeking help. Not many other companies can compare side by side. Even at that, if they we even just comparable they wouldn't be ripping people off. A business can be as good or as bad as the person working next to you. As stated by others before, Primerica is set up through sales "Teams" training them selves & their recruits to follow the leader. I have seen some bad leaders in many companies, Primerica not excluded. UNLESS YOU ARE VERY TALENTED, YOU MOST LIKELY WILL NOT SUCCEED WITHOUT THE HELP & GUIDANCE OF A TALENTED TEAM. This said, the failures of prior recruits lay wholly with their team. My family has lived in two houses, refinanced twice, & pulled out an equity loan once. We have a slightly above average credit score giving us access to most credit offers available. None of our first four loans could hold a candle to our present loan through Primerica. Was anything buttered up or pushed on us? No. We were given all the numbers up front to compare side by side, dollar for dollar with our present loan. The choice was easy. Having an honest agent also helped! Taking numbers as A WHOLE is the key. You cannot just compare interest rates or kick backs! Check it our dollar for dollar, & if something doesn't add up, then move on! Use your big boy brain & make an adult decision based more on the facts & less on your gut. I pity people not willing to look into things & find out the WHOLE TRUTH for them self. No, Primerica will probably not make you a millionaire this year. Statistics show, you may not even make a solid living attempting to do so. Selling in it self is not for everyone, but for those looking to offer a "win-win" far more that a "win-lose", Primerica might just be what they're looking for. Depending on who recruits you... Any thoughts?

First, let me say this. You will not get rich selling insurance. Not possible if you're running a legit operation. You can make a good living though. But, you will have to have a talent for selling and the people skills to go along with that. And, you will have to spend time building up your network of contacts. It will take a while before you can expect to make a good living. The primerica scam is just another get-rich-quick scam. All they want from you is new leads. The list of warm market names that you are expected to hand over when you start with the company. Most companies spend big money on advertising to find new customers. Primerica avoids spending any money on advertising. Instead, they convince suckers that there is big money in selling insurance. That way, they get plenty of new leads without having to spend one dime for them. That was their goal all along. They never needed you to come and sell insurance. All they ever needed was your list of new names. Once you give that to them, they are done with you. All this talk of success and financial freedom comes from company shills who are just trying to keep the con going. Don't fall for it.

I love how these newly indoctrinated PFS reps all say that they own thier own business. Here is a news flash: YOU DON"T! Read your contract carefully and you'll see that PFS has the final decision in your business for all matters. It really is ingenious how PFS has passed the expense of doing business on to its agents. For example agents have to pay a monthly fee to use the PFS web site to track their business, they have to pay for all marketing materials and software as well. They call their employees independent contractors so they can get away with nickel and diming the agents to death. The way a real insurance and financial services company works is different. I, as an independent agent, am able to access the web sites of the companies I represent for FREE to track my business. These insurance and mutual fund companies send me my financial planning software as well as cases of brochures and marketing materials for FREE. Most insurance companies support their agents and don't rip them off by charging them for every little thing. So keep telling yourself that you are in the special 1%. Maybe you are in the 1% of people who are getting scammed and you are to busy chanting "RVP that's for me!" to realize it.

The Insurance, Health, and Annuities License, that you obtain through Primerica Financial Services, is yours to keep and if you leave the company, you can hang your license anywhere you want. The $199 is a low price to pay for it when your state would charge a much higher price. The reason many think Primerica is a ripoff is because they recruit and present the opportunity to uneducated as well as educated people. They also try to help people gain motivation to become successful even to those who don't have the motivation and perserverance for it. Not everyone is cut out to be a business owner among a team of likeminded people. This ripoff report gives plenty of examples of people who are not cut out for it. Only 1% of people ever become financial secure and wealthy. This ripoff report shows people among the other 99%.

Thanks! Paul But I did not give any my Warm Market info. I try not to. I just want to finish class and take a test and move on. I will not tell anyone I took Primerica Insurance Class. It's Sheme.

Thanks! Paul. But I have not give any Warm Markets to my recruiter. I try not to. I have been excuse myself a lot from this activity. But I am attending school. I am not planning to work with them and I am not planning to work any insurance company because I have a baby coming on my way. But, I like to go back to work someday with some insurance company or medical. So, I know I lost $199 for this ripoff. But I could just take a class and finish and move on. I think they do not care about me taking Insurance Lic. Then I have any problem. I will move on and I will warn a lot of my relatives and friends about them. I am very upset. But I hope I will gain from this something.

Thanks! Paul. But I have not give any Warm Markets to my recruiter. I try not to. I have been excuse myself a lot from this activity. But I am attending school. I am not planning to work with them and I am not planning to work any insurance company because I have a baby coming on my way. But, I like to go back to work someday with some insurance company or medical. So, I know I lost $199 for this ripoff. But I could just take a class and finish and move on. I think they do not care about me taking Insurance Lic. Then I have any problem. I will move on and I will warn a lot of my relatives and friends about them. I am very upset. But I hope I will gain from this something.

Thanks! Paul. But I have not give any Warm Markets to my recruiter. I try not to. I have been excuse myself a lot from this activity. But I am attending school. I am not planning to work with them and I am not planning to work any insurance company because I have a baby coming on my way. But, I like to go back to work someday with some insurance company or medical. So, I know I lost $199 for this ripoff. But I could just take a class and finish and move on. I think they do not care about me taking Insurance Lic. Then I have any problem. I will move on and I will warn a lot of my relatives and friends about them. I am very upset. But I hope I will gain from this something.

Thanks! Paul. But I have not give any Warm Markets to my recruiter. I try not to. I have been excuse myself a lot from this activity. But I am attending school. I am not planning to work with them and I am not planning to work any insurance company because I have a baby coming on my way. But, I like to go back to work someday with some insurance company or medical. So, I know I lost $199 for this ripoff. But I could just take a class and finish and move on. I think they do not care about me taking Insurance Lic. Then I have any problem. I will move on and I will warn a lot of my relatives and friends about them. I am very upset. But I hope I will gain from this something.

After primerica tries to sell everyone on your warm market list, they don't care what becomes of you. You can stay or go. They won't even notice. If you do stay and try to sell the insurance, you will have to recruit others in order to get your leads. That's the only way you'll ever sell anything. Even then, the commissions are so small that you still will never make enough to really have any kind of a normal living from it. When you apply to other companies, don't tell them you were with primerica. They are considered the fools of the industry.

Nikki, Primerica is only after your warm market, nothing else matters to them.