Can some one aware me on Primerica

[toolbelt]

If a force of 1000 loses 1 person a week, but gains 1 new person a week, how many people have been on the force by year end?

 

[toolbelt]

I'm not playing your game.

You Sir, are busted!!!

 

[toolbelt]

No... now you're doing it. Toolbelt keeps calling Primerica a Pyramid Scheme. That has a specific legal definition.

Primerica is not a pyramid scheme. They do not have the best practices. Hell, they don't even know enough about the policies that they claim are rip-offs. https://www.davidkinderfinancial.com/post/primerica-iul-hit-piece-de-bunked

Generally speaking, Primerica representatives are not a credit to the insurance industry and I think all the claims in the video are correct... other than calling it a pyramid scheme.

I am very precise in my terminology. Toolbelt believes that everything that isn't right in a company that recruits... is a pyramid scheme. And that's not the case.

Advocare was declared an illegal Pyramid Scheme just a few years ago. Guess what? They're still in business.

 

[DHK]

I've got better things to do than to worry about you, your MLM pet project, and how you feel about Primerica.

Despite what other people on this forum may think... I have a life and some production to take care of.

I'm done. Enjoy your hobby-horse.

 

[Al3x Lee]

WFG, PHP, etc are insurance AGENCIES. They don't have their own COMPANY. They are marketing agencies in the purest sense.

Owned by holding companies that own insurance carriers. It's almost like they're trying to hide their MLM activities so that they don't seem so morally ambiguous to the general public.

Generally speaking, Primerica representatives are not a credit to the insurance industry and I think all the claims in the video are correct... other than calling it a pyramid scheme.

I am very precise in my terminology. Toolbelt believes that everything that isn't right in a company that recruits... is a pyramid scheme. And that's not the case.

Yes, you are very precise, and you are very careful not to call out Primerica. It sounds like we agree, because by your definition, I agree, they're not a pyramid scheme. I do however think they're a shitty company that ruins more lives than they help.

So yes to your claims of not being an illegal pyramid scheme and being a real life insurance company. Those things are both technically true

 

[Cornelius]

Question: If 5000 people earn $10k and 10000 people earn $5k, how many people are we talking about in total?

The system they have isn't about the individual agent. It's about building an organization. To maximize their opportunity is to recruit, recruit, and recruit some more.

That's what the big dogs have done to get where they are. Not everyone can recruit and run an organization. But they give most everyone a chance. Or they can take their licenses and move on.

 

[toolbelt]

The system they have isn't about the individual agent. It's about building an organization. To maximize their opportunity is to recruit, recruit, and recruit some more.

That's what the big dogs have done to get where they are. Not everyone can recruit and run an organization. But they give most everyone a chance. Or they can take their licenses and move on.

The correct answer is 10,000 because obviously the 5000 who earned $10k also earned $5k on their way to $10k. That is MLM math. 99% of society would answer 15,000 because that is the obvious answer, but technically, the 10,000 answer is not legally incorrect, even though it is misleading.

 

[Al3x Lee]

The system they have isn't about the individual agent. It's about building an organization. To maximize their opportunity is to recruit, recruit, and recruit some more.

That's what the big dogs have done to get where they are. Not everyone can recruit and run an organization. But they give most everyone a chance. Or they can take their licenses and move on.

Sounds like a long roundabout way of saying their system is something resembling a 3D geometric shape with symmetrical triangular faces along its edges. It could also have something like a polygonal base that's quadrilateral with congruent sides and equal angles. What would we call something like that?

 

[toolbelt]

It's about building an organization.

That's hard to do when having an 85+% annual dropout rate. The only organization that matters is the corporate office in MLM, which acts like a toll booth for those passing through.

 

[toolbelt]

Sounds like a long roundabout way of saying their system is something resembling a 3D geometric shape with symmetrical triangular faces along its edges. It could also have something like a polygonal base that's quadrilateral with congruent sides and equal angles. What would we call something like that?

Inverted funnel, however the legalities aren't about the physical shape. It's about getting people to join that shape while telling them it's square.