Primerica Guarantees

[toolbelt]

First wanted to let you know Primerica is a publicly traded company - not an MLM.

Ok you just shot your credibility all to hell. lol

 

[Newby]

What? I'm gone 2-days and you guys let a Mensa restaurant lady selling over priced term part-time get the best of you?

 

[DHK]

I got triggered. At least I admit it.

 

[Cornelius]

Pure entertainment.

 

[toolbelt]

Note that MLM does NOT mean it's an illegal pyramid scheme.

The FTC oversees the MLM industry, but prefers to allow it to self-regulate. Of the rare 32 FTC investigations launched to date over the last 40+ years, ALL 32 resulted in fines/settlements and/or outright closures.

 

[toolbelt]

There are no kits, no out of pocket expense up front (they even pay for licensing and education

Nope, just IBA fees and POL monthly subscription fees.....neither off which have manufacturing, packaging, warehousing or shipping fees like other MLM's kits.

 

[toolbelt]

An MLM allows the member to make money from the recruiting of new people. Primerica does not do that.

If a recruit purchases a policy or takes out an investment, are commissions paid out? Do commission percentages increase with team size?

 

[toolbelt]

The $99 licensing fee they charge is refunded when the agent gets the license

And yet the annual reports clearly indicate that 85+% never get a license.....or even stick around that long.

 

[toolbelt]

I am also a well respected award-winning financial consultant

And yet you're a female selling polices which only offer unisex pricing models making women pay the higher rates of men.

 

[toolbelt]

By keeping the insurance separate from the investments (which basically takes the place of the cash value of a whole life policy)

It also takes place when you take out investments from the same company you bought your term from, only instead of paying a single fee annually, you're now paying two sets of fees.