Last week I was approached at my job by two people. These places and factories will make organic as possible, vegan as possible, human friendly medication. They know what positions they are trying to fill and what each position entices and dont beat about the bush when asked about that. I sign some kind of agreement that she mysteriously summarizes for me instead of letting me read. I have worked with recruiters and hiring managers long enough to know that is poor phone etiquette at best. A manager? If they call and set you for an interview, DONT DO IT!!! I read the story that was provided above and a handful of the comments. As I could see in some windows and noticed these people were sitting and waiting, I figured a lot of interviews must be happening around here. I went in, shook some hands, and sat down listening to a spiel chock-full of confusing jargon, just nodding my head and feeding their ego while Im sure they felt like they were doing the same to me. With all of you. I shook my head, frustrated again, starting to wonder how long it would take til I would really succeed at this. But the point is, even then they required a fee to be hired. He proceeded to tell me that he called his partner about me and said I am great with people and would love for me to join their team if I was open to opportunities. The interview asked me only 4 questions and asked me to sign a contract looking employment form and said that I need to pay 99 dollars to pay for a background check and that i need to get a license. Im not looking for a job. Same thing as he told me when I asked him why I hadnt been told about the fee to write the state exam: we give recruits information on a need-to-know basis.. too much information would overload your mind and paralyze you from making smart business decisions.. 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. I was contacted by Dianne by phone from the Cheshire, CT office and told she was hiring people to not sell financial products, but to instead perform interviewing and other support functions, as they planned to expand with 20 offices. I start to feel under-dressed in my khaki pants, short-sleeved button-down shirt and silk tie. I received a call today from a lady at Primerica, stating that someone referred me, & she would like for me to come in for an interview on Fridaybut when I asked who the person was that referred me, she couldnt give me a name. They explained how everything worked and it all seemed to be on the up-and-up. I will not be invited back even though the host is consider me a friend and wants me to be on her team (her words). Water, food, ever other necessity you can think of should not have to be provided to people at a cost. She gives me, the son she never had, an enthusiastic hug and promises to call me tomorrow with all of the details. Like I said, its a dive bar and the usual clientele is pretty rough. How did she get my information? We were all in this rinkadink room, looks like they rented and tried to make it look professional but it looks rushed and had meaningless awards on the walls. My experience was similar most all of have shared here. One of them asked out of the blue, how i like my job. I think not! My friend lost his job and this what fell into his lap. I just got a call tonight from someone who started to ask me about my resume. Had forgotten the details but Tracy Coenens information on many posts about the 99% failure rate of MLMs, despite Primericas legitimate products have me thinking. If you have been invited to an interview, I can tell you that someone cared about you. Like I said, I own my own business and am looking for some sharp people to add to my team here. Grant cardone once said if you dont have haters, your not working hard enough. I was so mad I couldnt sleep just thinking how deceiving people can be! She asked me a few questions about some displays and such before asking how I liked working there. I went to the interview and I payed the $99 and they have all And my husband just hired a newly licensed recruit to help him get his new business started but has negotiated a portion of that agents earnings as compensation for helping him get himself established AND this new agent will also be splitting his fees with the broker. They tried to get me to come to a meeting next Monday with the VP, but with my work schedule and doctors appointments for my two disabled children, that wasnt in the cards, so they tried to get me to show early for work tonight and I again said no, so they set up a meeting at 1:30 am tonight after I finish work. It appears that some above posters (mostly young) do not realize this? I thought why in the hell would a RVP of a business contact me, someone with no experience or info out there advocating I have any in such a business and/or roles, and on Facebook!? Andrea Youve misstated the concept of MLM. The whole purpose is an endless chain recruitment scheme. It is mostly about convincing them to but term life insurance of which, the first yr. payment is split among his upline. Toward the end of my time there, hed told me he wanted me to set up Primerica as the retirement investment for employees. They talk about working part time, not having a JOB, sky is the limit, yet deliver on none of those dreams. Thats the difference. Trust me, there are plenty of people who dont mind asking friends and family to buy something their selling. They are a public traded company but a lot of slime-balls are publicly traded and perform well in the stock market. I had really lost interest by the time he had gotten to the bottom of the first page. My friend convinced me to join, asking to partner up with me since he couldnt get through the door. Nothing worth having is ever easy to obtain. Website: Visit Website Phone: (800) 544-5445 Pyramids are illegal and would NOT be listed on the NYSE. its a mess! They provide various types of insurance, debt management, financial investment, and credit monitoring services. Success in MLM is not tied to how hard you work. Given my lack of experience, I was not sure if this was normal or not. I just received a call yesterday and had my doubts about the process, so I immediately proceeded to research PFS and found this article. Sobeys. They allow an objective summary of the facts. He signed me upNOW, after reading all these comments Im regretting doing so. Cant there be commission only jobs? So a woman called kim called and set up an interview with me in a city nearby. P.S.Also, as to objections from some of the above posters concerning licensure fees charged by Primerica, any financial services company must ensure that its agents are licensed, just like real estate agents (or engineers or accountants) must be licensed. In fact, I would argue that their services are worse than a traditional insurance agency or investment advisor because their people are by and large far less knowledgeable. I love my job. Me too! So I looked up the address and found the name of the company. She says its just a coat she found around the house she dont work there. Important Mutual Fund Disclosures Didnt add up. Good things happen to those who do what God has asked of them. After hanging up with him, I found this wonderfully put together article and took the time to go through most of the comments as well and found pretty much everybody in agreement that this is a scam. Thanks for the heads up! You need to pay 99.00 for a background check and need my sos and license. When I told him I am no longer interested he kept asking me why and then called me arrogant. The SEC found that PFS Investments Inc. had failed to have in place effective policies and procedures to follow up adequately on three complaints received about the Dearborn registered representatives, "selling away" activities. my son is employed there. Just went to one of these sad displays lst night got dragged in by a friend. Its a job application, I dont have to accept even if I get an interview. End of recruiting. I play along, cause I dunno. WHEW!! That drives traffic to this page, where potential victims are getting the real story and are able to avoid the company! I got the call from a woman saying she got my rsum from monster. After, he said I needed a state license to sell insurance and its a 32-hour course that costs $124 deposit. She sits me down and asked If I knew who was PRIMERICA told her NO, then she told me its company who works with mutual company that sale insurances, help middle class people get out of debits teach them how to invest ect, The red flags popped up when she said they will pay for the classes so I can get the Life Insurance, said each class is $500 dollars you will only pay $140 that for background check, finger prints and utilities. Thank you to all for your comments! I went with desperately expecting to land a job . Before I knew it was Primerica, I thought I was going to be interviewing for Coldwell Bankers, who have a good and legitimate real estate reputation. I did find it funny though, because it was clear he was representing an MLM based on the fact that his business cards didnt have an actual company name, used a generic Vistaprint background, and listed him as a Financial Coach or something like that. Being lied to in order to get the person in for something that isnt even an interview is wrong, and therefore the person is a victim. 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! same here. My ignorance had me traveling well over 30 miles one way. I see this company hasnt changed much since my friends husband tried to recruit me 4 years ago. Many years ago I was involved with Primerica. Looking for any advice to be offered before the impending interview.. First off anyone can make a PowerPoint and the video was from fricking YouTube. I attended a presentation and just decided it wasnt something I really wanted to do. I am bewildered that a casual lunch chat turned into an application, job interview, explanation of the job (in that order), and finally my being hired. You have no honor in your name. One day I am opening the bar where I work a dive bar in a very low income neighborhood. I am unemployed and the guy on the phone made it sound so good and easy to earn some extra cash. It is a legit MLM business opportunity that has been around for more than 40 years, and it's possible to make real money if done right. Then she texted me and asked to meet her this week for coffee. I said Ill give you 10 mints & w/big smile he say thank you & went back to the rm. I should have known it was a scam, who calls people on a sunday!? MLM is not a business. He hasnt paid in 3 months! I search my memory and finally remember who she is. When I called her back, she reiterated her voice message and went on to briefly discuss the position for leadership role for this company and requested to set up an interview. Thank you to all those who contributed to this thread and I wish you all the best of luck in your job search! I just received a voice message from Primerica, they had gotten my resume off of workone job site. Customer Service PFS Investment clients with Legg Mason, Invesco,Fidelity, American Century, Amundi Pioneer, Nuveen and Franklin Templeton funds may check their accounts here. He handed me a flyer that said Primerica was waiving licensing and application fees for active duty and veterans in November 2018, but I cant find anything on it on the Primerica website. It was nice how they fooled some people but I was ready to go after 5 minutes, it reminded me too much of cutco knives sales pitch. It all seemed so legit at first and since this was my first interview and Ive been looking for an internship, it seemed perfect. Suddenly it occurred to me, who knows what that really means in context. Why? Again, I figure worst case scenario its a connection. When he came back in the office, he explained that there just happened to be a presentation that night that hed like for me to come to. I feel really bad for them. Top investment analyst recommend company in books, on the radio programs, and on TV programs. They get half the money of everyone below them. He not once mentioned how or why he chose to contact me. Is Primerica A Pyramid Scheme Or A Scam? (Primerica Review) Im here because i need a different job and it sounds more like he needs me. They are sharks looking for their next meal! Primerica offers web-based learning materials and a practice exam. Ok then why do you work at a retaurant as a sous chef then? Tamara I have simple advice: Dont go. I was the first one there so I put the lights on and tidied up a bit. Competitive compensation.. I wasnt really looking forward to more training in the morning, but figured with the scared-looking new teenage recruit coming, John would at least be in his jovial, upbeat mood. For instance, he said Whats your favorite restaurant? You are effectively a franchisee paying a franchise fee plus a percentage of your profits to the tier above you. 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. My info along with my social number. wow I was suppose to have a interview with a person from pfs investments . He said they need a financial planner. I first indicated, I was not interested in selling financial products and not sure I wanted to apply. So an agent sells a property, and the agent gets a commission and the office/team gets a commission. I ask because Primerica agents and Real Estate agents/brokers are both commission based but people have no problem with being a real estate agent right nor do they have any issues with purchasing homes that will most likely put them in HUGE debt. 4. He knew that I lived in close proximity to his company and asked me if I was still interested in finding a job. I went 3 days ago and I had to give my info including social security number, but they didnt asked for a credit card. Primerica is a very old company that for over 40 years has been selling insurance and financial products by way of the network marketing model. Its legal, yes..but a scam in every sense of the word, that relies on cult mentality. Thats illegal. 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. Thank you guys. I actually had to call my friend to ask what the position was and he said its something to do with sales.. I did. The rep was upfront, has his Primerica advertisements with him at the event, and never tried to make it seem like it was a job. And no-load mutual funds through Vanguard or Fidelity beat the high expense ratios and sales charges of the ones Primerica offers. I walked into the office and was greeted by a receptionist in her mid 40s. Is Transamerica a Scam? Just Another Pyramid Scheme? (Updated 2023) The people who give up on this business dont understand the potential of having your own business and life. Thats just the first of many. In the classic "pyramid" scheme, participants attempt to make money solely by recruiting new participants, usually where: The promoter promises a high return in a short period of time; No genuine product or service is actually sold; and The primary emphasis is on recruiting new participants. 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. Yes, Primerica is an MLM. Continue reading 9 people found this review helpful Helpful Share 5.0 Pyramid scheme type set up. She lost her job and became an easy target from a fast-talking recruiter that filled her head with a pipe dream. I emailed the guy this morning after I slept on it and told him that I was not interested and this was not a fit. Good luck to you all on your future endeavors. I get to work on my own hours without having to report to ANYBODY. remaining 50% of sallys premium go up to my trainer, (again, depending on rank%.) The business of Primerica Reps is recruiting other reps. I just a got a phone call this morning and let it go to voicemail from a Kim calling from Primerica in Arlington Heights. 1 PRIMERICA PARKWAY DULUTH, GA 30099-0001 UNITED STATES . (The Primerica reps will tell you their payment structure is no different. She told me, I dont think of it as sales, but rather as helping people; dont you want to help people? I replied, yeah, by repairing computers, not by getting them to give me their money and expect unrealistic returns on their mutual funds! Well, dont you want to see what sort of assets you currently stand to retire with? No, came my reply, do you have a need for an IT guy or not? We need people from all walks of life! she reminded me. 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. At school when were prepping for interviews, recruiters ALWAYS want a resume. They really helped me make up my mind. And they didnt even give me a heads up. He has no right to call people that didnt go to college dumb. Products: Healthcare, Daily Lifestyle, And Nutrition Value-Based Products; Investment: To get started with Herbalife distributor, you'll need to purchase a starter kit worth $94.10 Commission: 15% to 50% of each product you sell. Throughout the presentation I grew more and more skeptical. I know I have to invest a whopping $99 to start my business, and another $25 a month for news and training. In public. My parents have been in these pyramids a couple of times, i guess you can say it runs in the family. Primerica is a multi-level marketing company. Did he expect me to conduct this interview? I stayed through the interview anyways, fully knowing that I was already going to reject the FAKE position they had, but wanted to keep my commitment to the interview,and see for myself what kind of tricks they would verbally try to pull off. Sizing up the interviewees professional attire I again looked around, feeling self-conscious as I really noticed for the first time how cheap and tacky the office looked with its random motivational decorations and big scoreboard marking sales and recruits. This affiliation between the two companies is one of the oldest partnerships inside the Primerica menu of products and is fairly popular. Schemes use generalizations. The location seemed extremely sketchy too. Three days ago, a pair of women came into my store to purchase some items. He gave me the address and time for the meeting andthats it. I dont dismiss this reality that commissions in a MLM organization are necessarily lower than those one would earn in another sales setting. He then tried to get my bank account info right after and I just barely made it out of that. And he also lied and said that the manager at the store that night was meeting up with him also but come to find out she doesnt even know him let alone talked with him about the business he trying to recruit us for. My Lyft driver actually was the one who told me I should come by his office but didnt mention what he actually did (broken record much lol). Came to the appt. The commission overrides only reach a small number of generations deep. Is Primerica a pyramid scheme? Multi-level marketing is not a business. After realizing her main focus was getting recruits I began to question this whole Primerica thing. I suddenly found his bragging really off-putting. He tried recruiting me so I took the interview mainly as a courtesy to him. If the only business positions are in Georgia, what do they expect people to believe they would be doing where they live? Primerica is NOT an MLM, it is, however, a Financial Service company that allows people to run their own business. I was ready to mangle both of them Im so fed up with these lames at this time. Whatever I did, however I asked, he would not tell me what positions he was trying to fill and that was a big red flag for me. I have been in touch with the funeral director that handled the services for my father off and on. I get NOTHING from writing about multi-level marketing scams. Turning people away from God will eventually turn you away from Him and all his promises for you. he never gave me the company name just the address and I thought it was a company I applied to on indeed but it wasnt as soon as I got there I seen on the door primerica then I turned around and went home my friend told me about them its like a pyramid scam they want you to put money into their business and promises you will make money. No, I never joined Primerica and walked away. Attitude goes a long way idiots from primerica, be forthcoming and maybe one day youll be able to be human again. Well, okay Atlantis it is. Everything else followed was muffled. I ended up seeking out one of the young men and telling him I was there for an interview with Mr. Blah Blah. The complaint . MLM is not a job. He also mentioned talking with a number of people at Lowes about how bad the schedule is here as I realized later, he makes the rounds at stores like this, trying to entice unhappy people into a get rich quick scheme. I said that I was exclusively looking for Purchasing/Procurement roles as I was a buyer. Tuesday evening came around, time for the interview. They offered me an interview for customer service job and said they were looking for people who are bilingual. Theres no scheme, no one earns more unless you DO more. Not that it matters as essentially every three years the sales force has been completely replaced, except for the 2% who got in early years ago. also I asked for what position ? Only regret filled out the intake paperwork, but kept a copy intentionally messed up. I too have an interview scheduled for tomorrow. Report pyramid or Ponzi schemes to the Federal Trade Commission (FTC). Needless to say, Im glad I got out of that one. You want a cashier to manage your office? Your financial situation is unique and the products and services we review may not be right for your circumstances. He then asked if I, personally, was keeping my career options open and I said yes. I was just contacted by one of these clowns and told based on my god given gifts I would be perfect for this opportunity. All in cahoots. 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. He called the next day and asked to me come to his office so we could talk more. No, I have never been a part of Primerica. At this point, I had a chance to become aware of the atmosphere in this building. I dont go to unnecessary meetings or bother my warm market because its a legit service. Anyway sort of brings out the negatives in the post. You are followers, not leaders, and Primerica is looking for leaders. Thank God for the info I found out on the inernet. I started to feel a bit angry as I realized that John wasnt really interested in teaching me, he just wanted to get any recruits in that he could. Afterwards I was a little bit unsure Id made the right call I am unemployed, after all, and work is work so I googled Primerica Scam. BBB reports on known marketplace practices. Damn I wish I would have read this earlier. I definitely wish Id gotten the name of the business and researched this before going to that meeting & giving them my personal information. And thats why I have not fell prey to their scheme of getting people to recruit. He then mentioned that my job was a pyramid, and asked if it would ever be possible to get to the top in my company to which I responded, ABSOLUTELY!!! Got a call back today, saying my interview stood out, and to come for a brief information session. But he had no idea who. Unusual, yes, a scam, no. They work as a middle man for various insurance and finance industries and get people to join through advice and supporting main street. The so called reps for Primerica find other reps and potential customers and they get a commission on it. Other Mutual Fund/insurance companies invest in them. I would advise this company to improve its product and recruiting tactics to avoid getting continued poor publicity. Out of curiosity, why not expend the same energy to become successful at something you love and be at the top of YOUR pyramid and opposed to being at the bottom of Primericas? He mentioned the company would pay for license and classes and would like for me to start working part time for 5 hrs a week these next few months. I do not have time to deal with a scam. Went well. Brokerage Firm Review: PFS Investments Inc. Sonn Law Group Thats an MLM just you stay broke. I was at one of their interviews just a couple hours ago. Obviously the other side of this coin is that reps/and recruits dont benefit, and dont find enough value to stay. I then sat through the presentation which also seemed legit because the two presenters just seemed so down to earth and passionate about helping the common man (except the guy who kept bragging about his house and cars). NOT the other person. In light of this information, I will be canceling. If you are looking to contact Primerica directly, call them at (800) 257-4725. Very very glad I read this. I was actively looking for a job two years ago for Customer Service position. (I was sitting with my daughter at the time of the call) The lady was insisting on contacting me after talking with my daughter and again my daughter told her to call me the next day. Yes, the office/team gets part of every sale because they play a part in every sale. Thank god for the internet and all useful information we find on it. I swear it literally looked like an apartment building inside with rooms separated and a dark hallway. Thank you! Thank you for the heads up!!! He also deceived the new Primerica representative, telling her that he was helping her and teaching her how to recruit people into her downline, only to keep some of the recruits for himself. I can see that people working for this company are preying on people who have not done their research. Thank you all for saving my time and money. I have been invited to go to their local stoughton office for the meeting where i would be taught getting out of debt tactics while making $$; spoke about how his son was making 37k a month, his other son having a house built blah blah blah.