pfs investments pyramid scheme

I received invite to interview LOL Alex. If it sounds too good to be true, it probably is. very dumb. Sounded too good to be true about the money and needless to say thank-you to everyone here I will not be going. Primerica is secretive because thats what all MLMs do. I received a phone call yesterday and on my mobile phone, which despite the fact that I am looking for a job, I only mention in cover letters or to recruiters who approach me on my landline. Joe get Sally a $800 annual premium, (depending on your team members rank)(entries are REPs 25%) Joe will earn 25% of 800 =200(ONLY ONE TIME,THIS ONE TIME), (PYRAMID TIME) the remaining flows up the tunnel 75% (depending my rank) REP 25%, $200. Later I learned that they do whatever it takes to lure someone out, then rely on the hyped-up emotions stirred up by the Opportunity Night presentation to get them to sign the agreement and pay to join. What professional business calls on a weekend? I got suspicious after I asked her the company name and her voice sounded muffled everytime she said it. They asked my husband and I for $99 each to set up (pay to be hired) and wanted $156.32 cash to start our life insurance said our kids would automatically get $135,000 if we even die today, This bleepity bleep bleep!! Those who participate have bought into the lie that they own their own business. I went up to him and asked him about the office manager role. 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 think this is so sad if shes not realizing what she has gotten herself into. OMG thanks for this website!!!!!!!!! So upset. He said Id love to have you come and work for me etc. I informed him this job sounds just like the foolishness I mentioned above, and that I will continue to research the company before I consider whether Ill go to interview Friday which I highly doubt I will do thanks to this page! It would be nice if the government would step in and help protect the people who dont have the sense to see these for what they are. MLM is not a business. Take up as much of their time as possible, keep them on a string. I listened to all the BS coming out of everyones mouth. Multi-level marketing is not a business. We are not a scam and there are no fake interviews. He texted me the address (unprofessional) and me, being naive agreed. 1. transfer job locations to my home time and end up getting paid a little more + be with all my family + be happier. She wants me to go but ive been down the MLM road before and after a couple months I knew it wasnt real. I got a call and they scheduled an interview for today without letting me know for what position they are hiring. needless to say I got undressed put on my gym clothes and went to the gym . Thanks guys for ur time to let ppl know who primerica is. No, I have never been a part of Primerica. Youre just a bunch of lazy, whiny children. So consumers are overpaying, and likely buying the wrong products. Unlicensed workforce gets average 1,250 a year kickbacks from recruits and percentages from sales without license. 24 hours later he still hadnt responded. They were put off because when they ask if anyone had any questions, I raised my arms and stated above. He kept repeating that they are teaching people how to use their money, but without really saying anything else. No, Mercedes is not the same thing as multi-level marketing. 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. Were looking for employment & to get taken advantage of. It is not a traditional job. I just got a call tonight from someone who started to ask me about my resume. They are a scam! Primerica also works with affilitates insurance agencies that deal in home and catr insurance, even selling home security systems. We finally nailed down a day. it is clear that it is not a typical job if you build a business with them based on the comments. I will not be going Monday. (including advances). So what you are saying is that the other insurance companies must REALLY over elevate their prices. Because MLMs are pyramid schemes in which 99%+ are guaranteed to fail. Yeah definitely not going to this after seeing the mass amount of negative comments. Their company relies on always havinga bottom layer of sales people, they move up by getting lower level people constantly to do all the work. Appreciate it! All the things he was saying sound good. I wasnt amused. I received a call on Wednesday from a classmate she just graduater from high school and im still there so she told me that she works for a growing company but she didnt say which company it was she just asked how old i am and if i was looking for a job as almost every high school student i am looking for a job and i have applied in so many places but they havent call me. Realized after I had no idea what this is, and noticed he mentioned a group thing which made me suspicious. mail or store pick up. They are in fact the Primerica guys, lecturing the invited people to pay them $90 to own a business license and the usual multi-level marketing stuff. My fellow employees are a wonderful group to work with. I wen to to their office and was asked to fill out an application form. Your financial situation is unique and the products and services we review may not be right for your circumstances. I am a young college student interested in Investment Banking and was told by an ex-financial advisor at a prestigious firm who attempted to act as my mentor to join. Reading that it is a Citibank subsidiary was a surprise; that products and services are not the best value is in direct contradiction of what was said as I recall. He works VERY hard for his money and does not seem to be producing a lot of it. The PSF Representatives testimony at the beginning is full of holes. He invited me to go to an event of some kind, and I agreed. Their RVP essentially told me he only worked with people who used the product and believed in it. PRIMERICA pls Stop dont west ppls time!! If the job interview is not actually for a job, and is instead for a recruitment scheme, then the person was lied to. https://www.nasdaq.com/press-release/mary-kay-inc.-announces-awards-milestones-and-accomplishments-from-full-year-2022 Anyone quoting pink truth (aka themselves) like this attempted sub-feeder blog and the gm one, I agree! Like my parents support me and are very smart with their money. * Isnt it true that a lot of consumers arent sophisticated when it comes to insurance, which is why there are so many scam artist out there taking advantage of them? He never mentioned an upfront fee, but if he does Im done with these. Its a churn and burn- they will hire ANYONE who can pass a background check. What a crappy thing to give your life to. I told him I may know a few but what roles does it involve, what type of work, is there anywhere I can view more information? Jeb The reason why they dont give you any information prior to the fake interview is because IT IS A SCAM. Is that where you have a head honcho at the top and workers at the bottom, like, I dont know, Walmart? Primerica offers web-based learning materials and a practice exam. But I guess well see what they do to me and all of my information. He just missed the Pyramid Gravy Train by a couple of levels. Broke people mentality. 3.) We both waited for the process to start the woman came back in and once again introduced herself and briefly gave a biographical history of her beliefs and work with the poor. I have never worked in the financial industry before so I did not know what to expect. Primerica, Inc. is a financial services company serving the middle-income market offering term life insurance and strategy for investments. Why keep the name of the company a secret, wouldnt they eventually HAVE to know? On a non related note, why are the people supporting primerica, speaking like assholes and calling everyone stupid and lazy for speaking their minds. A pyramid scheme is a fraudulent system of making money based on recruiting an ever-increasing number of "investors." The initial promoters recruit investors, who in turn recruit more investors, and so on. 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. tell me what you need and we will basically be pen pals. $99 fee was mentioned. As someone whos in commission sales- I feel bad for people who fall into companies like this one. Replied that I was actively seeking a second job opportunity, so without disclosing a last name I wrote down my given name and phone number. Thank you for the honest comments, saved me time and money. I felt like he was trying to get me as a customernot interviewing me for a position. This is too real. I am considering doing Primerica, but I am first doing my due dilligence. Do you even know why you exist? The only thing that bothers me about Primerica is being captive and not having the flexibility to sell other products. I have a friend who just signed on with this company. You say your husband someone to be in the office and is getting part of his earnings. I am sick thinking that I signed something that I didnt read, gave her my social security and address. 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? What I found was that most people dont want help with their finances and many (foolishly) refuse to spend money to own life insurance. Im just worried if I tell him I thought about it and wouldnt want to proceed, he has basically ally information, Im in the same position as you i dont want to recruit others and im scared with the info they have. 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. 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. Im a 22 year old student working as a sales associate in an Office store when I was ringing up a customer (Kristen Dunn). You need to have a 1) calculator and 2) common sense to realize only the top percentile will make any livable income, in your head you think youre going to get enough sales to make six figures youre not. I got the call from a woman saying she got my rsum from monster. id number? Anyways, Im cancelling that visit and now im off to the bank to change my debit card number to be safe. Oh well I showed you the PowerPoint and video?? 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. When called at home, I got a vague assurance that I would be a good fit. StephenH195425 [OP] Experior Financial- FRAUD! and there was one review on the place, a 5-star rating with no comments added. I feel dumb. I was in college when they reached out to me about coming there to work. He called me again and I ignored the call. Typically I dont answer those and wait for a message. New recruits today have to work much harder than recruits of 10 years ago to be successful and you have to be willing to push right to the limit of your ethical convictions to do it and the lines can get pretty blurred. I made to RVP , sold alots of policies yes made money but when my comminity questioned 35 year term beeng level term company simply forced me to step down . I work with a woman who is always trying to recruit people by taking them almost 2 hours away to hear the presentation. SAVE YOUR LIFE- DONT JOIN PRIMERICA. Im going to trust my grandpa on this one. I actually stayed with the company and received my securities license, but could not continue due to the trickery and deceit involved. She wore a black cocktail dress and quite a bit of jewelry. So the First 20 minutes seemed normal, but then it got suspicious. Many thanks to this website and all those who have contributed toward it. It was a group interview. I like helping people. She gave me her name and phone number, but it wasnt after she left that I realised she never said what kind of business at all. I should have listened to my gut in the beginning. My only concern now is her calling me up again. Thank God for the info I found out on the inernet. 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. I thought an in-person cash payment would be appropriate for the funds but i guess not. For how many people were in this office suite, it seemed rather small At least the atmosphere was one of a party variety My interviewer asked me a few brief questions about myself, but seemed disinterested as I told her my work history and personal skill sets. Criminal background checks required. Product Type: Insurance and investment products / MLM business opportunity. You dum assess are just to lazy to change the direction your lives are going so you stay working for toll plazas or write articles like this fat bitch. They are masters of manipulation, hyping you up to be a crusader for the middle class. So this got more fishy. It amazes me that people still think they can get away with taking advantage of good people that just want to work. my business. All of this is broken into ordinary conversation somehow. Dont spread lies when you failed at the business. Question you investigate insurance fraud correct? I wanted to be pumped but I found it hard to ignore the fact that John had blatantly lied when the professional-looking man had asked if there were any additional costs other than the $99. I said to him I got a call for an internship two weeks ago but they never got back to me, so I was actually happy to have received that call from him. its a mess! He gave me the address and I had the phone number now. Had he invested his 30 years with any number of other companies, he could be retiring with tons to show for it. Thats how I found this site. They offer insurance, investments, debt consolidation, and financial advisers. He agreed, however, I had a bad feeling about him and the conversation we had had and decided not to call him back. Ive recently begun with Primerica. Sam The position of trainer really means RECRUITER. They are liars, they never gave me my money back, they have all my bank info and I feel very unsafe about that. I went with desperately expecting to land a job . I dont know why, but I say okay. This is the same for any insurance or investment company. Tameka Bell, How did they make you feel captive? Talking on the phone isnt my strong suit so I just kept agreeing to everything and she was very busy but still managed to schedule an interview for later this week. I told her that I would tell my friends about it but she kept pestering ME to work for her. I didnt want to be rude to him with my best friend trying to work there but it just didnt sit right with me. I sent him a follow up email to try to nail down a time again. I am so glad to have websites like these were people can learn a little more about what they may be getting themselves into. I am left feeling overly annoyed. no phone. As he hung up the phone I exhaled to release the tense feeling I felt, then realized I had been holding my breath for most of the call. I think its great that youre considering getting back into the workforce, and its probably a smart idea to start off part time. So I cancelled, and avoided an unpleasant and wasted evening. Primericas main financial advice is the slogan By term and invest the difference which means figure out what a whole life policy will cost you, buy a term life policy, and invest the balance of what you would have paid for whole life into mutual funds. Go get a real job and stop preying on innocent people trying to get ahead in life. They are in the business of selling real estate. Primeamerica is a legit insurance company. You wouldn't want to associate yourself with them, especially when fully aware. Then why was he so eager to get ahold of my stack of resumes, leads I had paid for?? Hey, thanks for who ever made this page! Well! Our Primerica life insurance review comprehensively analyzes the company's products, rates, potential drawbacks, and more. To the last comment, the most draining 2 months?? Im rather candid so I mentioned i was a bit dissatisfied but hey, it pays the bills. They didnt get my credit card info but they have my social security number and my other info. When something seems to good to be true, i have high doubts of it. He replied well how can i make you feel more comfortable about this opportunity? I said i would have to talk to my parents after all this was over to see what they think because all this seems weird. Im guessing he was catching on that i was too smart to be manipulated by all the financial opportunities. He then wanted to make be more comfortable by CALLING MY PARENTS and setting up a home visit to talk to them about all this. Went for an interview/discussion today. Now here I am, I think Ill be cancelling my interview for tomorrow. And many join daily as new agents. Everyone was extremely nice. I was at one of their interviews just a couple hours ago. You should really just target people who dont mind selling this way instead of rounding up a large number of people to attend presentations. I googled the address and found out the companys name is Primerica Financial Services (I dont even think he told the name). BBB is here to help. So, I just said to him, actually there are 3 of them (including Curtis and a lady with a hair cover) that I will decide first and will give them a call within 24 hrs. User Andromeda is obviously a recruiter that works for PRIMERICA. I agreed to meet with her the next day at 6 pm (again another red flag). The reality is their culture was disturbing and triggered a lot of anger in me. Like I said, its a dive bar and the usual clientele is pretty rough. Why keep this guy waiting, wasnt that terribly unprofessional and disrespectful? In Primerica, the game is recruiting into infinity. What a waste of one hour, these scammers will not be at my house nor will I have contact with them again. Be careful and good luck to all other job seekers out there! They give the job seekers very little information about the job (its not a job at all rather it is a position in the MLM pyramid), con them into showing up for an interview, and telling them if they have the right skills, they may be invited to stay for an information session. Other Mutual Fund/insurance companies invest in them. Probably not the perfect business, but everyone I know needs to improve their financial situation. I work retail so my hours are crazy. Its funny how quickly he wrapped everything up with me once he got that call. A very tan/slightly burnt, attractive young 20-something came in and spoke to the receptionist for a minute about her Florida trip and went to the back where I could now see more middle-schoolers, all dressed like they were ready to model for a Kohls back to school sale flyer. you need your own clients to start off like family or friends. At that point, she became very persistent and it immediately became evident with the posts I read on this site. I have worked with recruiters and hiring managers long enough to know that is poor phone etiquette at best. After reading this, I will make sure to block the number so I dont get any calls through. Commentary on fraud, scams, scandals, and court cases. I had an interview scheduled for tomorrow, but something was really fishy about the entire thing. Primerica is a brokerage not a MLM. Thank you, I texted her your web blog and stated I WILL NOT BE SHOWING UP. MLM jobs are not jobs at all. One of them asked out of the blue, how i like my job. I replied BJs (actual restaurant thats very good). He said well if someone were to tell you i can supply you with all the equipment to cook, but you would have to build your own client tale it wouldnt do to well right off the bat right? i said agreed then he replied well thats what i can help you with. The graph had 1 gent at the top and every subsequent tier had exponentially increasing members making exponentially less money. I was approached by a husband and wife in a Neighborhood WalMart store. Yes, Atlantis the mythical Hellenic city submerged in ancient times. I cant stand the fact that losers like yourself cant understand it. So because it seemed so fishy something said google this company and see whats it about. At the time my mind was elsewhere so about 10 minutes later I called her back and asked her what company she was with, who referred me and what position was I interviewing for. He did butter me up, but Im no fool and and the fees were ridiculous, didnt make sense. Called a local Primerica agent in the spring of 2011. He did have an office, yes, but that doesnt necessarily mean he made the money to keep it afloat. I raised my eyebrow, curious as to how he could explain that one away. Yes, there can be commission only jobs. So happy I dug deeper. ones that are not MLMs), you will keep the majority of the commission on the sales of products. Do whats right. After, he said I needed a state license to sell insurance and its a 32-hour course that costs $124 deposit. If Im not doing something productive Id rather be at home sleeping and spending time with my husband. 30+ years. I dont know man. He frowns and shakes his head at me. How in the world they got my resume in a snail mail environment is still a mystery. The first inkling of a warning flag went off in my brain. During the call I asked her about three times for a website link or something to see if I would like working with her but she avoided giving me the website, I had to ask her about three times till she finally gave me something, and even that was just the name of the company. Thanks for this post. I read a post of about how a Primerica employee came for a home interview and spent 3 hours trying to sell them insurance and about 30 mins interviewing them for the position. What should I be doing? This affiliation between the two companies is one of the oldest partnerships inside the Primerica menu of products and is fairly popular. Sigh.. theyre so good at manipulating, or leveraging as they call it.. they create false demand and artificial scarcity all the time. Ive seen people come in, get hyped up and quit their jobs, only to be screwed in a few months. I am a single mother of two kids and I have only been getting one day off from work. I was actively looking for a job two years ago for Customer Service position. And yes the higher ups do benefit from your recruits they arent going hard for no apparent reason and they will convince you they are blue in the face that Primerica will help you build your own business within a business. In reality, they own nothing. They didnt give me an estimated end time for the interview, after about an hour (I was following the MLB Draft on the side) I told them that I had to go and they asked me about the opportunity and I reaffirmed that I already have a job and they told me that they will call me in a couple of weeks about it.

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