I dismissed the thought as finally, after several minutes, John opened his door and beckoned the man in, intruding himself again. Whats this guys deal anyway? Based on previous replies on this blog, scripted interviews seemed frequent. You should really just target people who dont mind selling this way instead of rounding up a large number of people to attend presentations. So once I read that it was an Insurance Company I immediately knew it wasnt for me. Its not a business, its a scam. Jeb- If you read most of these comments then you should already know that half of them was approached at their job like myself. ), In walked this boy of maybe 18 in a new 3-piece suit and tie. The small group of initial promotors at the top . I met with her, and liked what I saw. Please advise if any lawyers or regulators read this ! It is a recruitment scheme. Harrison sounded very legit. I read many reviews like this before I started and while I was active. I have a job, but looking for a change, I feel bad for people who are out of work and are honestly looking for a job! What should I do? People who smoke, have a poor . and there was one review on the place, a 5-star rating with no comments added. Anyone? All in all, the research done prior to the interview was useful as some claims from the internet with regards to fake interviews were true. I ended up seeking out one of the young men and telling him I was there for an interview with Mr. Blah Blah. An hour and a half already? Dont fall for it. A lot of people here who are unapologetic in their refusal to show up to a meeting they said they would go to after doing research, coming down on agents about ethics. I must have looked confused because he said as he dialed, people are more likely to answer an unknown number than if they see the name. I was shocked I thought we werent doing anything wrong? Have you done any research on companies that sell whole life policies? Legitimate companies give you details and job descriptions. Now what?! Its just that the whole experience left me somewhat unnerved. She talks about them like they are real. In a legitimate insurance agency, there is a general agent with agents under him or her. Good thing I have learned from Dr Phil! Then once the first lady satrted talking all I could see in my head was Wolfe of Wall Street. I am not against commission based jobs and making money. I did. This is because the company uses a controversial multi-level marketing (MLM) strategy to sell its financial products, mutual funds, and life insurance policies through its agent's own personal relationships. why are they still in business? thats why Im not going back they called me 3 time to reschedule but I did not pick up the phone. So far, my experience has been very positive. We finally found David. It unfortunate that anyone that has been told that theyre having a job interview and later feel that they got taken. My advice would be to at lease go in for the fake interview, gather informatican about the company for yourself, then decide if its for you or not. I find it odd that a company that hypes fancy cars, unlimited incomes, and financial independence has a sales force where 99% earned less (and way less) than $50k during any single BEST 12 months, BEFORE EXPENSES. Yes, the office/team gets part of every sale because they play a part in every sale. They have no jobs to offer, despite making it seem that way. I thought I would be the one filling out my own application. Our two conversations over the phone were all about me my background, who I was, what I was looking to do he barely said anything about what he was offering, just that he was interested in taking me on if I was the right person for a company that was looking to expand. Thanks for all these helpful comments and posts. Karma. Notice how the representative not only deceived the job seekers. I quit altogether after 2 months because it was the most draining months of my life. Check this out: https://www.reddit.com/r/antiMLM/comments/8ctzhz/almost_answered_a_job_scam_they_yelled_at_me_down/. So glad everything that I was concerned about has been confirmed. Went for an interview/discussion today. All the money being made in the quick amount of time. Multi-level marketing is not a business. They prey on our natural vulnerabilitis and at anytime any of us can find ourselves being lured in. Did he expect me to conduct this interview? Ive been contacted by numerous insurance agencies for employment and have never been interested in that field of employment. In fact, the only thing I remember from that call was his saying Citi weird. But it seemed scripted, as many of the topics of discussion were connected to internet sources and he had all them loaded up on the computer. If your comfortable with just getting by (paycheck to paycheck) then by all means continue with what you are currently doing. Please dont contact me again. Ta da. To all those who think youll make money from this, it is mathematically and logically IMPOSSIBLE for EVERYONE to make money in a business like this. First of all, the company does have physical product within its structure - insurance and financial services around debt-solutions, investments, legal protection, etc. A phone call is more personal, and taking down someones number to give to ones own trainer is the model we use. We will see. MLM jobs are not jobs at all. There is no rational benefit to buying insurance or mutual funds from Primerica today. The second, presents a sales pitch on a legal service. I returned her call on Monday and it was all very vague. its a mess! (including advances). We hardly talked about me and my background. What can I do to vanish that and get my money back, They will miraculously tell you that the mail has already left but i think you can get a partial refund if u push hard enough, Based on their Annual reports (which can be viewed online), the policies sold per rep currently averages out at 2.28 PER YEAR!!!!! Anyway so he was trying to down play my job and whatnot and get his point across talking about its a good opportunity, dont you want to make more money and yada yada yah. An mlm opportunity is not a pyramid scheme when it promotes and sells products or services, not just memberships. Just went to one of these sad displays lst night got dragged in by a friend. Sell any and all medications over the world. Three days ago, a pair of women came into my store to purchase some items. It wont end up mattering in the long run anyway, youll have enough new recruits to train. I nodded silently, not wanting an argument. Im on vacation. Randomly the thought popped into my head, he also said working 2-5 hours a week would mean an extra $1-2000 a month for your family but I quickly dismissed that thought. Multi-level marketing is not a business. The people who give up on this business dont understand the potential of having your own business and life. Anger gave way to fear.. what if I interviewed him and messed it up and he stormed out of here angry and calling it a scam? but after reading this I wont be going. Third, my agent told us that he much preferred to bring in people to work just part-time, and he had for his first 18 months with the company, because it takes a while to support oneself in this or any commissioned sales position. Im not sure why the internet continues to say PRI is MLM. He then tried to get my bank account info right after and I just barely made it out of that. People do real research before you blow an opportunity and not this Google cap where anyone can post anything on it. My friend has her insurance with them. I got a call at work late last week from a man who said hed overheard my conversation with another customer and was very impressed and wanted to talk with me about a position with his company. Question you investigate insurance fraud correct? 4.) To the last comment, the most draining 2 months?? if I say anything bad about them, he gets so upset. I am not. Apparently she works at the bar we are sitting in, but is not in that day. epipens, and or anything that a person needs to have to live and is stupid expensive. Just got off the phone with one of them, It took me like 5 minutes to realize who they were again. There were 10 or so young men dressed nicely milling around. I dont know man. He frowns and shakes his head at me. I did the hard work, but realized that I am was more ambitious than most. Primerica gives additional life insurance policies that cover 10, 15, 20, 25, 30, and 35 years. On top of that, the lady who talked to me one on one after the presentation kept trying to get me to give her more peoples names and numbers and I told her first, I didnt know anyone. Other insurance companies do the same thing but Primerica is ruthless. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. I worked HARD at the business, I have had success in other businesses in my life but making money at Primerica is a joke. Tameka Bell, How did they make you feel captive? As you also stated, there are no downlines involved. If the only business positions are in Georgia, what do they expect people to believe they would be doing where they live? He signed me upNOW, after reading all these comments Im regretting doing so. Its ok Tracy we still love you. How come they are doing it without getting punished? B . I right there thought this guy is nuts, I do marketing and sale support, never manged anyone in my life, did he really read my resume? Very interested in knowing how you feel about State Farm and other companies that are taking clientssavings and withhold information to their clients so they do buisnes Is that not fraud? I shook my head, frustrated again, starting to wonder how long it would take til I would really succeed at this. Its based on any rep earning $100k DURING ANY BEST 12 MONTH ROLLING WINDOW during their entire careers. Take their advise and apply it on your own people. Probably not the perfect business, but everyone I know needs to improve their financial situation. I thanked the VP for the opportunity and ended the call. Thank you! Two girls were there for the job too. Operated a pyramid scheme: The company also encourages consumers to become Financial Education Services "agents" themselves, selling the company's services to other consumers. I have an interview with them tomorrow. But even better, in a real insurance agency, the goa is to sell insurance. They contacted me last week and after the first decline the Recruiter called me back to give more information and requested that I come in for a presentation and make a formed decision after seeing the presentation. After, of course, buying into the company and getting my license, etc. 90% of Primerica income made by 304K student training recruits that will never be licensed. What a joke. Tony Thanks for your concern. Indeed, I was invited and liked. The whole thing seemed a little off to me. The subject turns to travel. I just went on a interview yesterday June 22nd They are not now and I feel a offended that they would think I was interested in an MLM style business which I didnt find out until later. Additionally, the MLM structure sucks for the Primerica representatives. Well he cleared my somewhat strict prerequisites and I accepted his request. Contrary to rumors out there, Primerica is not a pyramid scheme. Glad I found this page though so I dont have to waste my time or money. Im not interested at all. I am left feeling overly annoyed. I wouldnt say I was victimized. Would they use it if I dont show back up? If you never got paid for telling people, would you still tell people about it? He then asked if I, personally, was keeping my career options open and I said yes. My guess, these snakes hack FB profiles and are now on the prowl for new gullible recruits, or this guy probably got hooked into the company and is now using his account to get recruits. She told the lady who contacted her to give me a call the next day. Its a good thing Im not stupid and always look up companies before I contact them. She identified herself as PFS, never mentioning Primerica. He made it seem like that was the main focus of the company. I may have broken his fingers and I shook his hand He started his presentation about the company, asking us how much wed like to make. Came home and typed the company name into the search bar. Im scared after reading all this that i fell for this scam and now he has all my info. Once he started pitching me it was all very clear why. I called and told her straight unless u give me more info about the job I wont be doing the interview.she sounded upset and threw me a few crumbs more about this fake company BS stuff . Would rather wait for another job. This guy has spent 30+ years of his life working for a company that promises VERY SIZABLE returns but delivers very little. I wasted time I dint have wasted my energy got myself siked up for NOTHING! It occurs to me that if a person would want to try this kind of sales, then it would be just as easy to sign up with a major insurer such as Woodmen or Northwestern Mutual, NY Life, etc. I asked his name, he says Fitzgerald, refused to give a last name. I feel deceived, and I feel like my classmate & her boyfriend are being deceived also. Representatives of PFS troll the internet for job seekers, harvesting resumes from job sites. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. The truth is that the interview is no interview at all. I was not familiar with, Pink Truth, a website I run about Mary Kay Cosmetics and other multi-level marketing companies, http://www.thisamericanlife.org/radio-archives/episode/543/wake-up-now, http://www.cisro-ocra.com/publications/LLQP%20Provider%20Results%20(Jan-Dec%202014)%20EN.pdf, Why Do People Join MLMs? Over 3 Million people exploited over the last 15 years. Im sure there will be many people who wont spend time to do the research before going but at least those who do will stay away from loosing time an money on some crooks. Like the other RVPs were worse off for working with people who didnt have it. What deity do these two preachers represent? So many of you cancel your interviews which I understand you feel you need to do because of what other people are saying about the company. I call in two weeks ago to get some assistance in lowering my policy, and I get the run around. We set up the interview within a week and Ive never had someone more eager and desperate to hire me. Second is you would stay for a career information session at my office with all of the successful interviewees and then I give more information. They are in business because our government allows multi-level marketing companies to operate. While many financial professional aren't interested in working with the middle class,* Primerica is committed to helping Main Street families save and invest for their short-term and long-term goals. I was leary of it so I didn`t go to meet her . I am not shown this. It amazes me that people still think they can get away with taking advantage of good people that just want to work. Duluth, GA 30099-4000 Visit Website Email this Business (770) 381-1000 Primary hours 9:00 AM - 5:00 PM BBB Rating & Accreditation A+ Accredited Since: 1/1/1980 Years in Business: 46 Customer. Mind you Im sick w/a bronchial cough sure not looking or sounding my best. Now comes Primerica. Fourth, I am a 57 year-old college educated woman (B. S. in business) who has stayed home with kids over the last 17 years, so a part-time position of some kind would allow me to more gradually return to the work force. I went up to him and asked him about the office manager role. no phone. I did not show up to the interview, after 30 minutes passed from my scheduled interview I got a call again from the VP. A lot of people like in this blog are used to trading their time for money, going from one job to another. Then i thought to myself who the hell asks for 25 names off your phone and debit card info in an interview? Weeks went by and I dismissed it completely, until I listened to this podcast: http://www.thisamericanlife.org/radio-archives/episode/543/wake-up-now I left indicating this was not for me, but wasted valuable time for something, from the on-set, which I indicated was not at all of interest, on her pretense it was a support job. I sat through the whole thing and, unfortunately, was actually pumped up about it & ready to start making money! It calls back the last received call. Just before the session started I looked at the guest book and noticed that John had put his name beside most of the new guests, though 4 were a result of my resumes. A man named Jack has recently added me on Facebook, first thing I check for with people I dont know adding me is their friends list, their About section and the consistency and validity of their posts to make sure theyre real and not some spam account. He was strange, deceptive and refused to answer why he supposedly left this well-known company which had me a bit concerned. Recruiting is not mandatory, as you can make a great income with sales (once licensed as per local regulations, which is what the 99 is for). So excited that I had an interview yesterday!! Having professional licenses paid for by a company and given the tools and resources to build a book of business on a part or full time basis is a wonderful opportunity for the right people. 2. I checked my watch. The wife was still skeptical of the entire thing but being a good wife she was supporting her husband. Hope this helps and good luck to those who have gone forth with this and now have regrets and for those who saw the light before it was too late . It is a shame that there are companies out there who still make money off these scams. I felt paralyzed with indecisiveness. We sat, and I patiently listened to his presentation of How to be successful at selling insurance basically. The 'Private Investment Club' conference had everything: a host demanding people pay for 'VIP' access, weird pyramid diagrams, "plerking," and a celebrity guest who clearly didn't read the memo. They do use a multi-level marketing business model but they are definitely not a pyramid scheme. PFS Investments Inc. (aka) Primerica Financial Services. I pasted a smile on my face and said of course, hes expecting you, he just stepped out for a few minutes though inside I was fuming. Heavy on company info and presentation. He says he has Series 6, 63 & 7 brokers licenses. A couple young men were milling about in 3-piece business suits. Period. I imagined some movies I have seen that resemble these behaviors that became movies because they didnt end well. MLM is not a business. I joined Primerica and spent about 2 years trying it. The next day I came in for the interview and something seemed a little off. Important Mutual Fund Disclosures I immediately sensed that Primerica was a Pyramid Scheme and after taking the 20-hour class, refused to take the exam and e-mailed the woman at Primerica that I was no longer interested in pursuing business with them. (OK, he didnt really say busy busy busy, but now that I think back that is the impression that he gave me.) They guy even scratched his back while slumped into his chair. I emailed Primericas Compliance department and was told they could not give permission for me to take the job because it would violate SEC rules. I have reviewed their annual reports (available online). Of course, now looking back and seeing it for what it was, I see why he wanted to hide behind secrecy. I also received a phone call from a guy who said had my name refered to him by someone. 24 hours later he still hadnt responded. Then she laid it on the table: I needed to go out and start recruiting. But I again dismissed the thought, feeling a bit guilty for doubting John. I walked in and saw chairs set up like there was going to be a lecture. Yes There are 76 helpful reviews 76 No There are 37 unhelpful reviews 37. Im an accounting student and will be taking finance courses in the near future so I didnt mind working with a finance company. Hey Alex, this isnt the first time and wont be the last time a crooked company has rung the NYSE closing bell. My experience was similar most all of have shared here. The big guy stated he made over $500,000 last year. You broke ass people who work in corporate America all work under a boss. She called me today asking me about coming in. I was in college when they reached out to me about coming there to work. Over 8 years ago but never did insurance with them. FIRST AMERICAN NATIONAL SECURITIES, INC., PRIMERICA ADVISORS, PFS INVESTMENTS INC. CRD#: 10111 /SEC#: 801-72263,8-26486. Pyramid schemes are a criminal form of investment fraud in which a large return on a small amount of money is promised if the initial investor convinces new recruits to also become salespeople. Looking for any advice to be offered before the impending interview.. Report pyramid or Ponzi schemes to the Federal Trade Commission (FTC). I got a call after meeting with someone from the workforce. As the man sat looking around at the various posters and motivational items on the walls I felt that anxiety-induced tension again. She chats up the bartender who seems wary of her. As I read these comments, I am curious as to if the author took the time to do a THOROUGH investigation of this company. You knowthat phone call that you set up when youre going on a date so that you have an easy escape if you need it?? Will do anything to hire people. Hey guys, so I went through the exact same thing, someone on one of my social media had publicized a post saying anyone 18 and over looking for a.job, my company is hiring. I was interested so I messaged the person and I asked what company and what position, she briefly told me it was a financial services company and that was it. I made a decent living $30,000, but its much harder than most people even imagine and it truly does require that you do oodles of prospecting. She goes to the bathroom and I quickly text my girlfriend to come and rescue me. Then I asked about the $99 asked of you when you interview and he laughed and said are you on Google? The company is not a scam. To all you haters and doubters Primerica is NOT a business for sheeple it is a bonafide business opportunity that requires hard work many people cant do it thats why the rewards are so great if you persist! Kudos, Anthony Pinto, your attitude will make you very successful! They say that you can get a refund if you are no longer interested. Thats exactly the tactic used by islamic groupds Aiming on young and vulnirable ! does anyone here even know what a actual pyramid scheme is? mail or store pick up. Primerica offers a variety of financial products and services to consumers through their nationwide sales force. He did have an office, yes, but that doesnt necessarily mean he made the money to keep it afloat. BBB Business Profiles are subject to change at any time. Why the need for secrecy? Its a job application, I dont have to accept even if I get an interview. During that same time period, 243,167 of their licensed reps also left the opportunity. That drives traffic to this page, where potential victims are getting the real story and are able to avoid the company! I dont NEED this job. I graduated from college last month and primerica does prey on with people who are unemployed. This place is a joke, dont waste your time or money on them. I have better things to do than waste my time being pitched for a scam that takes advantage of people who dont know better. Tamara I have simple advice: Dont go. Wow, I have an interview set for this Tuesday, needless to say I will not be going to it! As an employee you will never make as much as your Manager and your Manager will never make as much as the company owner, right? It is a horrible, horrible product for almost everyone, but that doesnt make it fraudulent. Pingback: Why Do People Join MLMs? In this instance, it turns out that I did apply for a job with Primerica back in December (they had a job listing on my grad school career website). Report investment scams to the right government agency. I had an interview yesterday, and went, mainly because I was contacted about a trainer position, not a sales agent position. The crazy part it that this PYRAMIDS are legal. It wasnt until i read all the posts on this blog that i truly realized i was being bent over that corner desk of his because so much of it made sense. He went in his office and closed the door. May have to change my number now.what a waste of time an effort they are by simply existing. She also said if I fit for the position I would need to plan on staying longer to go over more information. Thank you guys. I just received a call yesterday and had my doubts about the process, so I immediately proceeded to research PFS and found this article. Joke of a company, I hope it goes under. I studied and passed and was prepared for take the NASD Series 6 exam. End of recruiting. That you have to buy your own business cards even? Fortunately, my paralysis didnt last long. Sadly, it wasnt real. A few of my friends got roped into this. Learn about pyramid schemes and other crimes at FindLaw's Criminal Charges section. The activity on this thread keeps the page at the top of Google searches for common phrases related to Primerica. I was an Amway distributer years ago. Me too! I asked what company is this and how did they get my number considering the fact I havent applied for any job positions in almost a year. This fat bitch who wrote this is obviously broke as hell and cant get off her fat ass to do anything. Nice to know people are exposing this company! I just didnt understand.. when they hired me on they told me that referrals would pour in and we never cold call.. in fact the company prohibits it! complete with fake hearty chuckle. And then, out of nowhere, he mentioned that we would have to pay a $100 deposit to gain our sales license and have to pay $25 per month to maintain that license. 4.praying primerica is what it is for good, help me with these to open up my next store FOR GOODfor all you i dont believe a business can be good and their only out for my money.
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