I am well versed in the seedy underbelly of the MLM industry. I'm also aware that MLMs are not required to track what percentage of sales are made internally, because it's "'too cumbersome and onerous" a task. Meanwhile, they can track the commission breakdowns for millions of distributors globally.
Can some one aware me on Primerica
- Thread starter InsurancePimp_
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- 2,361
I treat MLMs like I treat spam phone calls and virus programs. If it is "spam like" I just avoid it.
The software industry learned this lesson a long time ago. Is it a Virus or PUP - [pontentially unwanted program]?
Viewing it this way - It is Quite Clear.
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I think we need to vote on it:
Is Primerica a Pyramid Scheme?
Is Primerica a Pyramid Scheme?
100%
MLM is more like herpes. A disease that just won't go away and people that have it won't admit it.
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If MLMs are like Herpes - What does that make this situation?
Hmmmm that's a real head-scratcher
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They should be tracking controlled business like every other insurance company. However, they get around that by having the sponsor write the apps instead of the new agent... who might not pass the license exam.
[EXTERNAL LINK] - Life-Insurance Licensing Test Is Too Hard, Biased, Primerica Says
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Something some may want to consider is this PFS/ALW debate has been going on for about 40 years and currently they are still standing.
The real great debates happened maybe 10-15 years ago on message boards of Ken Young a former Prudential agent and a board named Misled By PFS.
The fights/Debates got so bad it was openly monitored by a PFS corporate employee. Here's what got me about the debates. Agents would come in with facts about products as they compared in the open market but many of the pro PFS side would respond with company hype.
RIP Ken Young...
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