Is primerica a good company or is it a scam ?

I've been with Primerica for 4 years now and if you look at whats going on in America right now with the mortgage mess, it is obvious that Primerica continues to do the right thing for its clients. While Primerica could of gotten involved with all those popular mortgages being sold (such as Adjustable Rate, Interest Only, Balloon, etc.) and made quick easy money, the company realize those types of mortgages are not good for the market they serve, which is middle income families. Primerica have and will continue to offer fix-rate get out of debt loans. That's why Primerica business continues to grow, while many other companies are struggling.

Not only that, Primerica has started the "buy term and invest the difference" crusade since the day the company was started and today, term insurance is very popular. So many other companies are getting in the term insurance business, but they are manipulating the term product itself such as Return of Premium Term Insurance or Term insurance that converts into a cash value life insurance. Primerica has sold term insurance 100% of the time and its only convertible into term insurance.

Plus, no one is really helping middle income families invest their money. There are many companies out there getting middle income families to invest into life insurance. Primerica teach clients to keep insurance and savings separate. Use insurance for income protection and use savings to build wealth so that you don't need life insurance forever. Even people who have retirement plans through work such as 401(k) don't have a clue what they are investing in. They just randomly pick investments that was recommended by their friends or co-workers, who themselves don't really know if those investments are right for them. Whats even worse is that they have large amount of money invested into their company stock, which is a huge risk. There is no company that is guarantee to last forever, no matter how big that company is. If a company files for bankruptcy and you have a large amount of money invested in that company, you can say good bye to your retirement. Primerica teaches their clients to diversify, be discipline, and invest using dollar cost average.

The best thing about all of this is that Primerica does not charge any fees for their service. All my income comes strictly from commissions and overrides. I've been to many interviews at many financial companies and majority of them charge fees of around $500 to $2000. I'm asking to myself, "Are they here to help families or to get as much cash as possible from these hard working families?" That's why I'm at Primerica because I want to do what is right for my family and friends and to the hard working families in America.

I got invited to one of their presentations.......

it was inspiring and all but I would never work for them! any company that makes you hold another part time job in order to survive the first year the first year of work(because you really wont get paid in that time period) really should never be considered a viable company to work for! =)

but it's your choice

As for my experience, they are not. There are two sides of Primerica: the coporate side and the business side.

Only way to get a corporate job at Primerica is for residents who live in Georgia or near Duluth, GA. They help run the company and process tens of thousands of paperwork each business day. The office is approximately million square feet and it consists of at least 4 large buildings. There are about 1800 employees working at the home office.

On the business side, this opportunity is open to everyone. You get to help families with their finances and you have a great support system to back you up. If a family wish to get out of debt sooner, you have the support system of Citicorp Trust Bank to help you figure out what to do (but you need a mortgage certification to do that). If the family understands the difference between whole life vs term insurance, 9 out of 10 families will get term insurance and replace their whole life (but you need a life license to do that). If a family wish to rollover some investments or wish to start a long term investment, you can do that too (but you need to get a securities license to do that).

If client does business with you, you get paid commissions. How much commissions depends on your sales level. To move up in the sales level, you need to recruit people. Why recruit? Main reason is to help more families and open your business to a larger market. Second reason is that if your recruits help a family, not only they get paid full commissions on their work, you get paid an override. An override is the difference between your sales level and their sales level. We're the only financial service company that has a system like this because Primerica is a profit sharing company. Other financial companies keep the profit to themselves and don't let people recruit other people. As you can see, there's no competition. If you have ten people on your team, then there's the chance that your team is helping ten different families a day. If you were the financial guy at some other company, you have to constantly find new clients by yourself.

Already been answered here. This was the best response. Hope it helps.

To work for or use?? We use it and so far so good. To work for it I think you would have to have a special salesman gift because in this economy people don't really want to talk money.

IT IS A SCAM........

why pay for insurance to have the majority of the company employees take the biggest chunk of it? You can go on the internet, do your own research and cut out their cost.

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