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102 Responses

  1. If he uses the words “Life insurance is an investment”, then you know its a scam. From what I have heard and seen myself, Primerica is nowhere near as bad as World Financial Group, but one should be wary about the only requirement to joining is passing a life insurance licensing test.

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    • A very intense test that requires a lot of study. Perhaps you should go through the training yourself, and see if the only requirement is to pass a life insurance test is as easy as you make it sound. lol

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    • Nichole Saskiw I sat through the WFG and Primerica bullshit recruiting sessions. The only prerequisite was if your cheque cleared. That’s not education.

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    • Educate yourself…to sell life insurance you need to earn a license and anotgwr for rrsp and mutual funds.

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    • Tabitha Rankin Yeah I think I just stated that.

      But to join the company you just need to pay a sign up fee.

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    • It’s much more than just sitting through a recruiting session and having your cheque cleared.
      You would know that if you actually got started up and licensed yourself.

      Getting licensed doesn’t just mean anything either.
      You get educated by sitting in class rooms learning on how the insurance works and how to run the business side of things.

      WFG is a great company with many benefits.

      It helps so many people.

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  2. Join —> Sounds like MLM but ok

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  3. Lois Sunley Lois Sunley says:

    I would not join it or buy from anyone in it …. there is very little monetary benefits unless you are higher up …lots of work and forced meetings very time consuming …. IMO from knowing people involved with this company … lots of hype to get you to join though

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    • My wife & I have a branch. We have people who make $2,000/mth & they are not ”higher up” that’s starting out. No such thing as “forced meetings” in our branch, but hey every business is run differently so don’t lump everyone together until you have all the facts.

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    • Lois Sunley Lois Sunley says:

      I did state IMO from what my friends experienced in the company … not a generalization … personal observation and conversation I am happy it works for you and your people wish my friends had that experience

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    • Keith Graham Keith Graham says:

      That is the standard Primerica response. “We make x and so do all these people.” Just google them and you will find the truth Ina bout 4 minutes.

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    • Amanda Mae Amanda Mae says:

      Believe it or not, you have to work your ass off to earn those higher salaries. It’s hard work to get going. It takes a lot of time and a lot of effort, but the end goal is worth it. Some people expect wealth to come easy and will work the same monotonous jobs their entire life for the same monotonous salary… And the rest sacrifice and bust their asses to earn wealth.

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  4. All I know is they once somehow got a hold of my resume (I didn’t knowingly send my resume to them!), and got called in for a recruiting seminar. I was not impressed!

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    • Dorinda Dawn Dorinda Dawn says:

      You actually probably did…. just didn’t know it… you prob replied to an add online ( maybe one that sounded a little juicy or too good to be true ) and bam they have it! Allot of companies do this

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  5. Milan Jaram Milan Jaram says:

    If it’s still a multi-level-marketing (MLM) ‘pyramid’, then yes. Do they recruit agents/’entrepreneurs’, and compensate them for recruiting more such people?

    The insurance is sub-optimal, but not a scam. The business model though is to make money through recruiting.

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  6. Keith Graham can you help?

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  7. Angela Budd Angela Budd says:

    I know people who used them for saving bonds or whatever they are called, but penalized hard when they pulled money out.

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  8. I own a branch of Primerica. I left a career that paid me $100k per year and I make more with this company. People who have never been in business for themselves, will call things pyramid schemes and such. The facts are that the company is publicly traded on the New York Stock Exchange. Your Canada Pension Plan was one of our largest investors at one point. If you look at any website with any credibility whatsoever, you will see that the company has some of the highest reviews in the industry. Like any company, ours is expanding, but we are looking for entrepreneurial minded people. Most people aren’t, so they are likely better off at their job. The company has given our family ownership, stock options with the company, a great and growing income and the best part is the company does right by our clients. Don’t believe everything you read.

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  9. Steven Phu Steven Phu says:

    I’ve been apart of and seen many MLM’s, I tend to hear about a new one every couple months. I found as I went on with some it wasn’t for me, mostly because I don’t like recruiting, but I do like being able to provide a product to people of benefit (whether it be insurance or some sort of investment programs). It’s either for them or it’s not, let your friend know. Saying anything negative to him might bring him down and who knows maybe primerica is for him.

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  10. My husband’s aunt passed away in September and she had insurance through Primerica. I called their rep they had been dealing with and within minutes of our conversation she had all the information into head office. She turned a hard situation into a very simple easy process and the turn around was less than two weeks. I am happy with them.

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  11. Think about it: any business is multi level!!!
    Primerica isn’t all bad. They teach some very good fundamentals!

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  12. I’ve passed your comment on to @ friend who used to work for them. She ‘s travelling through, so may not get a response.

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  13. Yup. Been thro the meetings. Not for me but the other half. Sounds good our neighbors do it and make pretty off it. Then they are retired.
    It’s all about how much you put into to get in return.

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  14. Working as a cashier for your department supervisor for their store manager for his/her district manager for his/her owner of the company… sounds like a pyramid scam to me…. Oh wait! That’s every job!

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  15. Eldon Cook Eldon Cook says:

    Primerica as a company is very reputable. Recruiting is definitely a part of the business but I work for a car dealership and when we need employees we recruit people as well. It isn’t a business for everyone but neither is an engineering firm, oil company, Tim Hortons or any other business. If you want to start a business with low overhead, are willing to work hard and get premium training then this business could be for you and you can become very wealthy. The products are also top notch.

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  16. Sean Matthew Sean Matthew says:

    Primerica does offer insurance as well as plenty of other products. Therefore is heavily regulated as is any insurance company. An insurance company is only as good as its reps, if you have a shady rep base you will create a shady company. Every person I have talked to is about open, and honest and always put their clients needs above. They wont ‘sell’ you anything. They will however tailor their products to your needs.

    If you are dealing with a Primerica rep that is trying to force you into something you dont want or arent explaining it, go up the chain. Thats not what they’re about.

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  17. Several of my friends lost their life savings on a central American gold mine that did not exist & I’m pretty sure that the couple who sold the investment were from primerica

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  18. Insurance companies that use this type of recruiting do so because it takes many years to train and build an agent up to be successful. So they have a huge turn around of prospective employees training at the lower levels all the time. To be successful in their industry you have to sell your soul to your career for a minimum of the first 5 years until you build your residual client base. If you are serious about this type work you better have at least 4 to 6 months of back up income to cover your expenses until you start to make any decent paychecks. Is it a scam? No it is not but it is also something only very few people can excel at.

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  19. 100% mlm however I have my insurance and other things through them and I wouldn’t change it. My rep asked once if I was interested in joining. I said nope and left it at that. She asked if I would recommend people to her. I took her info and card and passed it on that way.

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  20. I have people that come in twice a month to recruit me at My work for the past 7 years. That is wrong to begin with.I say that I enjoy what I do and good luck to them. A couple months later I see them unemployed. I don’t know if it is because they can’t sell the insurance. I have that feeling like it’s a pyrimd scam..

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  21. There is a difference between an MLM and a pyramid scheme. Pyramid schemes are illegal and are shut down pretty quickly.
    Most business have components of an MLM. Primerica has been around for 40 years. The industry is scrutinized quite closely and agents are regulated. There are provincial and federal standards that MUST be maintained.
    I don’t know if your friend would do well with primerica or not, I don’t know them. I do know the financial education they get will be well worth it.
    Also with how society is changing, soon most businesses will be more MLM then in a big department store or a mall.

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  22. It’s all good my sister was a financial advisor for primeamerica

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  23. Angele Hisko Angele Hisko says:

    Theres something so sketchy about trying to be recruited while youre buying life insurance. Feels dirty.

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  24. Sam Ireland Sam Ireland says:

    Drink the Koolaid. Eat the cookies. Immerse yourself and you will come out clean, fresh and new, and ready to take on the world! Sell policies to all your friends, invite them to the myriad of enlightening meetings and boardplans, and as you develop into a leader you too can be a millionaire! You have to qualify for mentorship and coaching though, don’t think it’s your decision. Its your uplines.

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  25. Its not shady and its not a scam… the banks are the scammers! You should sit in on one of the meetings. everything they say, do, and provide makes sense. Im not involved with the company but i use a service of theirs.

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  26. From Primerica’s own website, in 2016, the average independent contractor was paid out $6.088. So yeah, sounds like they are rolling in the dough.

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  27. I haven’t heard anything good about them that’s for sure

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  28. I think everyone saying Primerica (or any other MLM) is a pyramid scheme don’t actually know what a pyramid scheme is.

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  29. Multi level mktg isn’t same as pyramid….

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  30. I wouldn’t give them my time or my money!! I’ve heard way to many horror stories.. including one woman who lost her home and life insurance due to the shady advisor who told her to invest the equity in her home.. promising unbelievable interest rates.. of course that didn’t happen

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  31. Betty Gordon Betty Gordon says:

    I am not In PrimAmerica but it has been around for a long time. I am self employed. It amazes me how every refers to any home bases business as pyramI’d. ..when you look at the company you work for…it’s also a pyramid as you refer to it. The present is at the top..then there are people below..write it out…you are probably at the bottom of the totem pole…all companis ..home based or companies that hire you have a pyramid effect. You are woraking and making the top guy rich..and your salary stays the same…you get to move up with good preformance and get moready pay. Home base business works exacly the same…but you are your own boss…when he/you start lookin at Prime AMerida as your own business rather than a pyramid you will have a better chance of being successful

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  32. A girl pretended to be friend me invited me for dinner to explain .
    Drove me to the meeting where I’m basically trapped .
    I felt obligated to buy in because i was the only reason they did this giant presentation.
    Weird and culty.
    I paid 140 or something was told u call my friends and family to convice them to buy in
    And when i refused they got sour .
    I was supoosed to have 10 people signed up by next Friday …when I just said screw this and stopped they girl who signed me up ..sent her husband and buddy to my home twice expecting me to let them in for a meeting “to get me back on track”
    Came buzzed my buzzer I basically hid and never spoke to her again.

    They crazies befriended me to get a sale (i was new in town and friendless)

    Did i mention they take out 40 something a month for access to their little crappy website .
    Aweful company pyramid scheme .
    Crazy people targeting older people and stay at home moms .

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    • Dorinda Dawn Dorinda Dawn says:

      Wow that’s a crazy experience … thing is everyone works for themselves so everyone will have their own tactics ( some are suggested by the company and some are made up by the person doing the selling ) thing is they see dollar signs with each sale so some will do almost anything to get you to sign up

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    • Dorinda Dawn Dorinda Dawn says:

      Wow that’s a crazy experience … thing is everyone works for themselves so everyone will have their own tactics ( some are suggested by the company and some are made up by the person doing the selling ) thing is they see dollar signs with each sale so some will do almost anything to get you to sign up

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    • $40 is way to little for their amazing website office yet it is less than that and as a part of business it is an expense at the end of the year 🙂

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  33. Actually, my investments are all with Primerica, and has set us up for a great retirement. My kids all have school resp’s started through our investor, and we have life insurance. Its a great company, and my sister is with Primerica. I’d say go for it!

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  34. Primerica is not a shady company, nor is MLM = pyramid scheme. Those are two very different things.

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  35. Shey Hennig Shey Hennig says:

    LOL !!!!! Way to sit home and crusade ….education is actually fundamental in life ….we should all get some and form our own solid decisions based on fact and truth….

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  36. Keith Graham Keith Graham says:

    All you have to do is Google Primerica and look through the 100 pages of former clients telling you what they really are. My advice, stay as far away as possible. These are not real financial planners and you should not fall for their show. They are great at recruiting and getting people excited but they have a bad name for a reason.

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  37. Anything at all that requires you to get people to sign up and u get a percentage of their income is pyramid style scheme. although they my be legal and regulated they skirt the lines of legality consistently. They use their best case examples as champions of the brand to enlist naive people to work for them for little to no wage on average. Yes some people are successful, but that is extremely rare and the majrity of people who sign up and participate either waste their time or sell products without getting a return on that. general rule of tumb if they want yu to recruit your friends and family then back away.

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    • as an example : a friend went to work for an MLM , got trained and thought he could be financial advisor. Less than highschool diploma, no experience and just regurgitting what they told him. 6 months, going to every meeting getting customers for other people “networking: like they told him to. Not a single penny ws paid to him.

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    • Jay says:

      Kind of amusing the amount of people “my friend”, “someone said on the internet”
      You legally can not get paid to do this financial work unless you get licensed in any type of business.
      Your “friend” never got his license.
      How can you think you’ll be a financial advisor if you don’t put in the work to get your license?

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  38. Lori Balmer Lori Balmer says:

    I tried it once but couldn’t afford it ,they teach you all about insurance and how to become a agent

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  39. Multi-level marketing (aka network marketing, aka direct selling) is not illegal. They offer a product or service directly to the customer. Pyramid schemes are illegal and do not have a tangible product, rather they shuffle money around.

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  40. They are not a scam but they come pretty close. They sell overpriced insurance and pay low compared to a real insurance company. Tell your friend to stay away. If he want to sell insurance have him go to a real broker that will pay him decent commissions and pay for his training instead of asking him to pay them
    Look at how many people they sign up a month and how many are still with it 5 years later. Virtually none. That should tell you everything you need to know.

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  41. TOTAL PYRAMID SCHEME. Tell your friend to get out before it’s to late

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  42. Primerica is a big scam, so is World Finanical. They approached me to join, literally laughed in their face.

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  43. Karen Mack Karen Mack says:

    any job that costs you money to join isn’t a job for you, by my experience, I was cheated out of my training money by my uplink so after receiving my 1st level insurance certificate I turned it back in and went back to work as a cement truck driver as at least I could feed my family instead of starving waiting to build a client list, find another job

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  44. I was recruited and yes insurance selling is a huge part of how u make the money but u also learn about mutual funds resp rrsp etc ..it wasn’t for me I hate having to sell stuff I’m not passionate about but u never know he might actually like it…even if he goes thru it and doesn’t like it at the very least u get an education about money and investments..his time won’t be wasted..it’s really no different from world financial group

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  45. I thought it was a company that consolidates debt?

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