- Report: #71139
Complaint Review: Primerica - Stroudsburg Pennsylvania
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Primerica
www.primerica.com Stroudsburg, 18344 Pennsylvania, U.S.A.
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Primerica ripoff, inconclusive information waste of time Stroudsburg Pennsylvania*UPDATE: Primerica recognized by Rip-off Report a business opportunity well worth considering - it's not for everyone but many representatives make solid commission incomes. Primerica takes appropriate action against representatives conducting themselves improperly, pledges 100% commitment to customer service.
I recently attented a Primerica "orientation". A few men spoke about how the whole countries in trouble financially and how primerica helps people. All this was good and well untill my BULLSHIT DECTECTOR started to sound off.
Any company orientation which involves the "speakers" stating how filthy rich they are is a tell-tale sign of bullshit. Any hoot, I'm dead broke I just lost my job and I'm desperate. So what did I do. I ignored the bullshit alarm and got my hopes up and scheduled a follow up one on one meeting. The gentleman who interviewed me was extremely nice and well spoken throughout his whole sales pitch. He in fact almost had me sold until I started asking simple questions.
I had a problem with the $199 fee so I asked what it was for. He explained it was for a 2 day class to prepare me for my license. I then asked what other fees there were. He told me I needed to pay $49.99 down at the test center for my license. I then asked him what the license was for. He said Life insurance. I asked him if I needed any other licenses, he told me I needed securties and mortgage licenses, all of which would cost me in excess of 1000 dollars. So my "in-brain" tabulation of the estimated costs to even sell their s**t is now running in excess of $1200 dollars. All of this important information would not have been mentioned if I hadnt asked.
See this shithead was so concerned about getting me signed on that he hid the big picture. After I got done with what seemed like an interogation I thanked him for his time. You see when a 19 year old, as myself, can break down a "sucessfull" 40yr old business man you get to thinking how f**king stupid PRIMERICA MUST THINK WE ALL ARE. DO YOURSELF A FAVOR, IF YOU EVER SEE OR HEAR FROM A PRIMERICA REP TURN CHEEK AND CARRY ON WITH YOUR BUSINESS. YOU WILL GAIN NOTHING FROM THEM.
Justin
PA, Pennsylvania
U.S.A.
Any company orientation which involves the "speakers" stating how filthy rich they are is a tell-tale sign of bullshit. Any hoot, I'm dead broke I just lost my job and I'm desperate. So what did I do. I ignored the bullshit alarm and got my hopes up and scheduled a follow up one on one meeting. The gentleman who interviewed me was extremely nice and well spoken throughout his whole sales pitch. He in fact almost had me sold until I started asking simple questions.
I had a problem with the $199 fee so I asked what it was for. He explained it was for a 2 day class to prepare me for my license. I then asked what other fees there were. He told me I needed to pay $49.99 down at the test center for my license. I then asked him what the license was for. He said Life insurance. I asked him if I needed any other licenses, he told me I needed securties and mortgage licenses, all of which would cost me in excess of 1000 dollars. So my "in-brain" tabulation of the estimated costs to even sell their s**t is now running in excess of $1200 dollars. All of this important information would not have been mentioned if I hadnt asked.
See this shithead was so concerned about getting me signed on that he hid the big picture. After I got done with what seemed like an interogation I thanked him for his time. You see when a 19 year old, as myself, can break down a "sucessfull" 40yr old business man you get to thinking how f**king stupid PRIMERICA MUST THINK WE ALL ARE. DO YOURSELF A FAVOR, IF YOU EVER SEE OR HEAR FROM A PRIMERICA REP TURN CHEEK AND CARRY ON WITH YOUR BUSINESS. YOU WILL GAIN NOTHING FROM THEM.
Justin
PA, Pennsylvania
U.S.A.
2 Updates & Rebuttals
Bill
WSrightstown,New Jersey,
U.S.A.
Primerica - Rip-off or business opportunity
#2Consumer Comment
Sun, November 09, 2003
It's sad that a few Primerica agents are distorting the basic elements of the parent company, Citigroup. Primerica is an MLM (Multi-Level Marketing) company designed to market products solely ownned by Citigroup subsidiaries, such as mortgages, refinancing, insurance and securities. The philosophy of Primerica is to lead each and every consumer towards financial independence by restructuring their finances and recruting them for full or part-time SALES positions. Most agents themselves have little or no experience in the financial industry, however, they must attend and pass insurance licensing (no easy task). These licenses are regulated and as such are legitimate. Granted, Primerica is based on a referral system that must meet certain criteria. The most favorable market is Married couples, ages 25-45, who earn over $25,000, own their own home and have children. Unfortunately, some agents prey on people looking for "jobs" and not a "business opportunity". Naturally, most people do not like sales, or salesmen for that matter. But selling is the only way you get paid---through commission. And one sales can average about a weeks salary for a person who has only a basic education. You can make $400 a week working in McDonalds or earn $400 in one personal life insurance sale. Your choice. But selling takes hard work and perseverance. Think of it in baseball terms. If you bat .300 you are considered a good hitter. Likewise in sales. If you talk to ten people and three purchase your product in a week, you make $1200 (average). Multiply this by 52 weeks in a year and your earning potential may be over $60,000. For those of you in the know, it takes money to make money, and Primerica is no exception. But if you market Primerica to those who do not meet the criteria, disastrous results occur. The unemployed person needs money to start, but has none, and will be annoyed at the lure. But the opportunity is there for the taking...just be sure to ask questions as soon as you feel a red flag pop up. Shame to those agents who do not follow the principles entrusted to them.
Misleading
Irvington,New Jersey,
U.S.A.
THIS SITE IS WHAT EVERYONE SHOULD READ B4 GOING TO PRIMERICA ORIENTATION
#3Consumer Comment
Fri, November 07, 2003
Thank you for your insight on what fees actually they will try to get you to make. I just recently sign up to the classes and paid my $199 but after reading what you just post I want a refund. Everyone else that had post something wasn't really given any real facts and that is why so many people still sign up. I do not want to represent a company that lies upfront and try to make it seem like something else in the future. That man that interviewed you probably is not a liar like the rest of the people that he work for that is why he actually told you the truth.
