tag:blogger.com,1999:blog-19233276.post2282221278363051098..comments2024-02-19T12:58:32.750-05:00Comments on BUSINESS COMPLAINTS , BUSINESS SCAMS , BUSINESS REVIEWS: PrimericaUnknownnoreply@blogger.comBlogger75125tag:blogger.com,1999:blog-19233276.post-84644329513123098472023-04-08T13:53:14.448-04:002023-04-08T13:53:14.448-04:00Yes primerica is a scamYes primerica is a scamAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-32439982750092316472023-04-04T03:35:41.122-04:002023-04-04T03:35:41.122-04:00I recommend doing thorough research on the company...I recommend doing thorough research on the company before signing up for any of their services or considering working for them. Look for reviews and testimonials from current and former employees or customers, and consider consulting with a financial advisor or expert before making any important financial decisions.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-63300602393183195792016-07-11T16:18:40.706-04:002016-07-11T16:18:40.706-04:00Hello Dear, That is obviously the representative d...Hello Dear, That is obviously the representative decision and NOT Primerica! I am 1000% sure if you would to call the Head Office and explained what happened they would have solved the issue for you on the spot! I have a life policy with Primerica and never had one issue with the company they paid my friend's claim within 7 days no questions aske! Fishy is when you get rubbed by you wrong type of insurance and your bank NOT and Never with Primerica!<br />CheersAnonymoushttps://www.blogger.com/profile/03216896784162480879noreply@blogger.comtag:blogger.com,1999:blog-19233276.post-57428740490897264102016-02-13T13:09:18.190-05:002016-02-13T13:09:18.190-05:00Primerica is simply an MLM pyramid scam, the Amway...Primerica is simply an MLM pyramid scam, the Amway of financial services. They prey on the young, the naive, the unemployed and newer immigrants. The opportunity they offer recruits is highly tainted with gross exaggerations.tolobelthttps://www.blogger.com/profile/06531392512523449402noreply@blogger.comtag:blogger.com,1999:blog-19233276.post-91587350695981040402015-11-10T21:22:36.795-05:002015-11-10T21:22:36.795-05:00Google Primerica Annual Reports......
Average ann...Google Primerica Annual Reports......<br /><br />Average annual new policies sold per rep (2014) 2.28,(2013) 2.3,(2012) 2.45,(2011) 2.59,(2010) 2.31<br /><br />Thats substantially less than three policies sold, per rep, FOR THE WHOLE YEAR!!!!!! 1 sale every 5 months?????????? And those are mainly by new recruits and new warm markets, before they quit!! In fact a number of those policies may include those purchased by new recruits!!<br /><br />Between 2010 and 2014, there were 1.04 million new recruits, 170,611 who became licensed, yet their sales force at the end of 2014 only rose by 4,000. Over 166,000 licensed reps quit, which means about half their licensed force quits each year.<br /><br />So tell me, where is the opportunity again?????????<br /><br />Read the annual reports yourself. The numbers are there in black n white.tolobelthttps://www.blogger.com/profile/06531392512523449402noreply@blogger.comtag:blogger.com,1999:blog-19233276.post-49986559100199154032015-11-03T22:42:40.139-05:002015-11-03T22:42:40.139-05:00I have RRSP with other institutions and I can do w...I have RRSP with other institutions and I can do withdrawal of funds just over the phone.<br />But primerica gave me too much hassle just for a little amount that I need to withdraw. <br />I was told that I need to see the agent personally to do the withdrawal of some funds.<br />I'm 8hrs away from the city and need to travel just for it, unbelievable.Anonymoushttps://www.blogger.com/profile/12353033554253301732noreply@blogger.comtag:blogger.com,1999:blog-19233276.post-52259936408792676852015-05-06T08:14:40.161-04:002015-05-06T08:14:40.161-04:00I recently saw a primerica representative arrested...I recently saw a primerica representative arrested for assault and battery. His name is corey leronda scott. His name is on my policy. Will this hurt my policy?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-34724050541026082682014-11-20T16:41:53.591-05:002014-11-20T16:41:53.591-05:00life insurance is to cover your income encase of a...life insurance is to cover your income encase of a tragedy what kind of person wants to get a cheque when their loved one dies. if you die at 90 and your beneficiary is 65 what good is that. if your not a complete moron you should have acquired some wealth with your 90 years on the planet and not have to rely on life insurance for your families financial future. check Susie Osman's view on life insurance . nothing like an un educated rant for some one who knows nothing about ins (term is the cheapes form of insurance on the market)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-5000842973207777832014-09-14T20:44:59.337-04:002014-09-14T20:44:59.337-04:00I would like to point out that at the time this ar...I would like to point out that at the time this article was written, the main shareholders were not as stated above. <br />The writer states quite clearly that Mutual funds offered by Primerica are not isted on any stock exchange. This is true. NO mutual funds are listed on ANY stock exchange, as they are not individual stocks. To check fund performance use a commonly accepted monitoring site such as Morningstar.<br />Johnnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-75388650192196836292014-09-14T20:27:21.561-04:002014-09-14T20:27:21.561-04:00Every now and then I find a site like this filled...Every now and then I find a site like this filled with comments from people who have done no research, nor taken the time to follow up and legitimate complaints in the right place- with Primerica, not on internet message boards.<br />I have been a rep with Primerica for seven years. in the early years I didn't make a huge income- I didn't expect to- but I knew with steady work I could build a business, and train new reps to do the same thing. <br />My wife and I now work full time in the business, with a small team and a decent income. We service many clients with growing portfolios and solid income protection.<br />I offer the opportunity to work with us to many people from all walks of life. Some accept, some decline. Of those who choose to join us, some stay, many don't. It's not for everyone. The turnaround of Advisors in any company is high as most require a full time commitment, forcing out those who can't make it in their first year of business as it takes a while to build up an income in this industry if you choose to serve middle income clients.<br />I have two things I am proud of- every client of ours is now in a better financial position than when we met. Secondly, I have helped a number of people learn more about personal finance, some of whom are now making a full time or additional income with us.<br />If you are reading this- ask yourself a question. If you were checking out a University to attend- would you seek out it's dropouts or its successes? Here's to your success! Johnnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-58834032279737878902014-06-24T13:59:08.264-04:002014-06-24T13:59:08.264-04:00Why you hide yourself then put your law office num...Why you hide yourself then put your law office number and address so that we can use you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-13732541653252355972014-04-25T18:25:49.376-04:002014-04-25T18:25:49.376-04:00Thank you for your comments on Primerica. I read q...Thank you for your comments on Primerica. I read quite a few on this website, each contradicting the other.....crazy. Anyways, your comments have a thread of common sense throughout.....THANKS. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-25117778385886896562014-04-11T21:46:01.298-04:002014-04-11T21:46:01.298-04:00Right on the nail. Right on the nail. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-72938943892574792152014-03-28T16:21:14.797-04:002014-03-28T16:21:14.797-04:00Thank you, thank you, thank you, for this website....Thank you, thank you, thank you, for this website. Our daughter received a phone call for a "job interview" with Primerica,,being told a "friend" had recommended her. She has just been accepted by several universities and has a great future ahead of her, a future we believe could have been put in jeopardy by this company. I am very angry and needless to say she will not be going to the "interview". For those of you who extoll the vitues of this company perhaps you would explain why you are targetting schoolkids,and getting kids to give out the names and cell phone numbers of their high school friends, reputable companies do not do this. As I am sure you are aware these kids are gullible and lack the life experience to smell a rat. The law, it seems, is inadequate to protect our kids and something must be done to deal with this issue. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-62006101416925053662013-09-17T09:48:14.979-04:002013-09-17T09:48:14.979-04:00You can not just make $40,000 a year part time jus...You can not just make $40,000 a year part time just because you were approached by Primerica. You have to take a legit test in order to be able to handle people's insurance and RRSP's, they would have to take a course and then a test. <br /><br />It is not like the janitor just immediately handled somones financial information. You are thoroughly trained and taught every thing you need to know in order to do this job!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-47062451988201275972013-09-02T06:51:16.733-04:002013-09-02T06:51:16.733-04:00PRimerica also told me that RESPs were garbage. My...PRimerica also told me that RESPs were garbage. My son is just about the get his first payout from his RESP and he is planning on going to med school BECAUSE HE HAS HAD AN RESP all his life. He got loads of grants and my investment is there with interest if I want it back and it accumulated tax free. sorry I dont get the problem??? If he doesnt go to school then fine I will get my money back with interest, I do lose a bit on the enrollment fee. Overall you could then maybe say I lost a bit but nothing compared to trying to save a mutual fund with fund managemnet of 2,5 percent and taxes on the gains and no grants!!! huh? also I like the locked in concept. the management fee was only .065 percent...how is that a comparison, ther rep told me flat out I got ripped off. I am sure they know how things work and can explain it to people but ultimately want to sell their own products tooAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-36508068202555071962013-09-02T06:46:42.113-04:002013-09-02T06:46:42.113-04:00The first thing they told me was that my Whole Lif...The first thing they told me was that my Whole Life Policy was 100 percent rip-off. This shocked me. Their line of thinking was that unpaid policy loans made during the life of the policy come off of the death benefit!! wow. like thats a big surprise and that the beneficiary receives the death benefit rather than the cash surrender value. wow. so thats what makes it a rip-off?? meantime.. all of my earnings accumulated tax free, when i die, the ben will get the whole benefit tax free. the premium never went up all my life and I locked it i in my 30s. My son will always have that money. That is exactly the product I wanted!. If I/we do ever make a policy loan of course we will pay it back from the death benefit. <br /><br />You do not pay tax on the policy load either. but you do pay interest...anyway for my purposes. this is the investment I wanted. I wanted my son to have the money no matter what. And it turns out you can borrow off the principal if need be but it should be avoided. All of it happens tax free and I can go into retirement without worrying what to leave my son. I already have that handled. That is what I was looking for n the investment. I dont need Primeroca telling me I got ripped off. I am glad to have talked about the issue of course I think its good to promote free discussion about these loopholes Some people might think they are getting the policy loan for free or something. When you add it all up. you do almost save as much as you get in the death benefit but its tax free, its locked in and its a tax free ben. for the family. To me that was my kind of investemntAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-42402529273263607852013-08-30T15:44:21.518-04:002013-08-30T15:44:21.518-04:00According to the Primerica representative after 7 ...According to the Primerica representative after 7 years my investment would double, but after 7 years I was shocked to find a 2% percent increase and a $3,000 debt for the loan, so I pretty much am $2,800 in the hole. What a scam this company is. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-53294017040658595232013-08-20T22:28:14.620-04:002013-08-20T22:28:14.620-04:00Anon, I must say I've been doing a lot of look...Anon, I must say I've been doing a lot of looking into primerica as of recently and I'm neither for or against them, but I would like to point out that the "janitor" of that story doesn't mean that that man is by any means dumb. Plenty of people are smart in many ways they simply don't choose to use them how they could be. Just because this person who may or may not be real was a janitor doesn't mean anything and really does kind of make you sound pompous.. sorry but I had to say it.. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-256338740211462852013-06-27T02:46:19.869-04:002013-06-27T02:46:19.869-04:00well, after my father discovered he had type 2 dia...well, after my father discovered he had type 2 diabeties, his landlord, a primerica rep, asked him if he wanted life insirance. my father was hesitant, unsure if he'd receive coverage, but was assured it wouldn't be a problem. Shortly after getting his insurance, his conditions deteriorated, and he was forced to admit himself to hospital. Upon further testing it was discovered he had pancraetic cancer which had spread to his liver. They gave him at most weeks to live, he opted not to receive an IV or any treatment, as he felt this would just delay the inevitable. So he passed very fast, with me at his side holding his hand as he took his last breaths. It was Jan. 31/13 when he passed. We had been struggling with Primerica since then to receive his insurance. My sister called them last week and was told the cheque was in the mail. It was a cheque for only what he had paid into his insurance, and they said his policy was denied for with holding information. We only received the letter yesterday morning, June 26/13. I sent them an angry message on their website, and I intend to take this to the media and also hire a lawyer. Primerica will not be doing much business in Canada when I drag their name through the dirt. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-14502981585619232982013-06-06T14:57:02.948-04:002013-06-06T14:57:02.948-04:00You have a better change of winning the lottery th...You have a better change of winning the lottery then making money from Primerica. If you have enough contacts just start your own company.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-19548359776067605012013-05-09T03:03:00.639-04:002013-05-09T03:03:00.639-04:00After paying my 99 dollars fee, o changed my mind ...After paying my 99 dollars fee, o changed my mind and the rep wanted to sell me some mutual fund claiming its the best and he is only offering that day. Scammers, stay far away<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-91707725284265037962013-04-26T19:09:47.889-04:002013-04-26T19:09:47.889-04:00I am not sure about the business side. My family a...I am not sure about the business side. My family and I have had life insurance with them. I have had nothing but mess ups. First all my was covered then a few children were not. Ever time I call it takes months to hear back. My one son was denied because he has adhd and tourettes. I was told by a rep that if he had just adhd he would have been approved. To be reconsider for him to be approved. I am to send in a full medical report alone with an IQ evaulation. I think Primerica SUCKS. I asked who makes these decisions. I was told it is not doctors but just under writers. Who are not trained to make these decisions. I am looking for life insurance from a different company now. Enough is enough. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19233276.post-7613706195699630212013-01-25T19:22:41.095-05:002013-01-25T19:22:41.095-05:00Hey Phil, you've probably either come to the t...Hey Phil, you've probably either come to the truth and quit by now, or else starved to death waiting to make a profit in this sham.. either way, for those who come after you, let me ask a few things:<br /><br />Your Point #1) If "forced savings" are so bad when the insurance industry does it, why are they such a great thing in the Primerica SMART loan, hmm? Your clients are paying a few percentage points higher than they'd have to for the "forced discipline" part of that loan. If they just mimicked your "SMART" loan they'd save thousands. Hypocrisy #1. <br /><br />Point #2) When you compare a policy using your Crimerican 35-yr-term, do you realize and take into account that the premium only stays level for TWENTY years?!? Wow! Misleading at best, and potentially dishonest to have ill-educated reps who I guarantee do NOT know this. <br /><br />Point #3) HA!! Crimerica Canada now sells this shit. Flip-flop! Hypocrisy at its finest.. <br /><br />Point #4) Now I'm just laughing.. Helloooo "Term Now" where your client is insta-approved (which according to you is 'sketchy').. also, your clients will pay more every premium month for the rest of the policy because of this "convenience" to them?!?! What a load of shit.<br /><br />Case closed... NOT a winning proposition for most. In Primerica, what you don't know just might devestate you financially.. C.W.http://www.secretentourage.com/entrepreneur/business/primerica-false-opportunity/noreply@blogger.comtag:blogger.com,1999:blog-19233276.post-70276855793597093482013-01-21T17:32:32.444-05:002013-01-21T17:32:32.444-05:00I've been a Primerica client for close to 20 y...I've been a Primerica client for close to 20 years. Both myself and my wife have IRA accounts that have made virtually NO money, all that is there is what has been contributed. I tried to "ride it out" hoping that being patient would pay out in the long run, but I'm done. We will be closing these accounts and taking our hard-earned money elsewhere. Regardless as to how highly this company is rated in the investment community, we are not at all pleased with the results of our investments. FWIW...Anonymousnoreply@blogger.com