Does anyone know about Primerica insurance? ?

I just got a job at Primerica insurance company, but I think it is sort of like a scam, they took the visa card number and i see that 28 dollars have been taken out, and i saw it, which was life insurance, so i called the primerica, but they said its the online website for primerica that i have to pay every month for 28dollars, but my question is when they take out the money, why doesnt it say online website,? but instead it says life insurance..
can anyone tell me if this is right? my job is to get like families and visit them and talk about the insurance, and once they sign up, then i get paid...
please anyone let me know if u know any info. based on Primerica..thank you...

I think you are little confused about what you have at Primerica. Primerica is a business opportunity, not a job opportunity. As an independent business associate, your goal is to build your business as big as you see fit. Building a business will require time and patience. You will not see instant results in the beginning, but overtime you will see results from the effort you put in now.

As for the 28 dollars/month, I believe that is your Primerica Online service. I'm not sure the exact PrimericaOnline (POL) monthly fee is in Canada, but in US, its $25/month. I don't know why it is called life insurance on your credit card statement. It may have to do something with Canada's laws. I know for a fact that clients can't pay their life insurance with credit cards. It has to be a check.

To unsubscribe from POL go to http://www.primericaonline.com If you have not register on POL, click on green button named "GO" and follow the instructions. Once you are log into the system, click on "my account" located on top of the page. Then click on "Service Selection" Here you will see 3 different POL services and what is included in each service and the monthly cost. If you wish to cancel your POL service completely, click on "click here" on the line that reads "If you wish to cancel your service, click here to send email to POL Billing."

I currently have full service, so I pay $25/month. There's lots of valuable tools and information on POL. You can create a customized financial needs analysis, view client information, have a website, view your team information, check out your competition, watch training videos, and other things. Without it, I believe it will be very difficult to build this business.

Anyway, Primerica is not just a life insurance company, they just own one. Primerica is a financial service company helping families get out of debt and reach financial independence. By helping families save money, you can help them invest that money for retirement and other long term goals, apply some of the savings toward the principal of their debt, purchase life insurance (if they don't own one), or do a mixture of all of these. This is what I basically do for clients. Just move money around without having the client spend more than what they are currently spending. I also give every client to see the business opportunity as well. Whether they join or not is up to them.

I myself do not know too much about Primerica. All I know about it, is that my brother keeps trying to sell me life insurance through them...lol...My brother just took the 2 day class for them so he will be starting into Primerica very soon, and I would say it is not a scam just based on the fact that my brother is the type who reads the fine print (if ya know what I mean). A friend of mine is actually the President of the company and just from a personal perspective of the guy, he is not a scammer, nr would he work for a company that was. So I thik your fine, check into it a little more and good luck!

do you really want to try and make money as a life insurance agent? no one likes talking to them. - ask THEM what the charge is for and if it's for something you never agrred to tell them to cancel it and quit - call your credit card company and dispute the charge if Primerica tries screwing you over

GET OUT NOW. My bother in law got wrapped up in Primerica and now is in more debt then EVER. They conned him into getting a 20000 First Time Home buyers loan but it never happened now in 2.5 years he has gone from 5000 in debt to literally 38,000 in debt. They conned him into becoming a "regional vp" which required to "lease" a primerica office, that puts him in more debt. GET OUT GET OUT GET OUT it is a scam. It is a MLM. GET OUT

It is a scam. GET OUT NOW.

This is not a job. They may pay you a referral fee. They are not paying you by the hour. Don't waste your time.

You are not licensed to talk to anyone about life insurance. They want you to get licensed and before you can sell to your friends and family they will use up all your referrals and you will have no one left to sell to.

And if your trying to sell life insurance without a license then anyone can report you to the Insurance Commissioner and you could be fined.

The $28 a month sounds like it is for a life insurance policy but you would have had to sign forms for that. Remember, them asking you any health questions?

Call your bank and tell them to reverse the charge because you did not authorize it. Tell Primerica to stop the withdrawal ASAP.

Get away from them. If you want to become a life insurance agent then go to an insurance school, take the state test and go to a real company.

+Been to their meetings. I know how it works. Move on.

As mentioned before: Get out now.

Primerica is VERY biased in the information they give to people and it is not well rounded financial advice at all. Primerica's products are also very expensive (becuase they rely of lots of marketing rather than creating good products and giving good advice). There are far better companies out there that will do a lot more for the families that you meet. If you speak with most agents in the life insurance industry they will all say the same Primerica (along with World Financial Group) are the laughing stock of the industry when it comes to the products and agents. They are an all flash and no substance company who is in the business of making money, not doing what is right for the client, just like most MLM companies. IT's their goal to get as many people selling as possible...doesn't matter if they're good or not...just get them selling a few policies part time.

the reason it says life insurance for the transaction is likely an issue with VISA's billing. They likely only have all transactions from Primerica listed as life insurance as in most cases that's what it is.

--------------------------------------...

Edit: To Mr. Primerica Agent below...You are believing too much of your companies own marketing! Don't kid yourself. Primerica is an insurance company. Do you know why they do the debt advice and all that stuff? To 1) free up more cashflow so you can buy MORE insurance or stuff from them or 2) To try to get them to place more products with them...studies show that if a person has 2 or more products in one place they tend to stay there as opposed to a person that has only one product! ALL "Financial" companies do that as part of their overall strategy...at least all the smart ones do. Of course providing those services is very beneficial to clients, but it's profitable for the company as well. No different than Sun Life Finacial, Manulife Financial, or who ever. Started as an insurance company and added products and services to gain client loyalty and profits. No different than banks offering savings acounts and everything else. Banks are in the business of lending people money. All the other services and products are to get people to give them more money to lend out. It's how most industries work. Start with one product and then branch out into others to get your name out there.

Primerica is amongst the most expensive of the companies on the market and you don't even get well rounded advice from them...you get a one size fits all strategy that has been debunked in nemerous publications (check out Lyle Manery's book No Salesman Will Call)! Believe all the self promoting hype you want, it doesn't change the beast. As the old saying goes, you can put lipstick on a pig, but it's still a pig. Do yourself a favour and take a few interviews with the competition and see what they have to offer and do a little research. You'd be amazed at what you find when you take off the Primerica colored glasses.

My biggest beef with Primerica is the ridiculous cost and NO other options for a solutions aside form their one size fits all advice.

A 30 year old Male Non-smoker $250,000 10 yr term (change it to 20 year whatever) according to an online quoting site: Primerica doesn't even show on the list (do 30 year olds not have a need for insurance?).

Change it to a 40 year old: Primerica is dead last among the competition in Canada.

Change it to a 50 year old: Primerica is second last among the competition in Canada.

Change it to the the United States: Primerica is consistantly in 50-60th place according to price (doesn't matter what state or what amount or what health status they are).

How is being the most expensive company on the market "helping your clients"? Shouldn't helping your clients mean giving them the best and affordable options available to them?

FYI, for a young families, Whole Life is the way to go. Example: My insurance policy. Bought when I was 27. After 20 years I don't pay a dime to keep it in force. As long as I keep the policy inforce for roughly 28 years from the issue date the cash value will be worth more than the amount of money paid into it if I cancel it. Basically, If I live past 47, I don't pay another dime for it, but it's still there (when you stop paying for your Primerica policy after 20 years what happens to it? It goes away, just like any term insurance). If I live past my 55 birthday, I've made more than I've spent without even using the investment options which give a better return. Long term, whole life wins every time. Do the math other than the case studies your manager at Primerica gave you. And make sure you factor in all the taxes that will be paid when you "invest the rest"...a step often overlooked by buy term invest the rest promoters. IT's not a bad strategy, but it's definately not the ONLY strategy out there.

PS: If that fee is for some software or something, go to a different company. I work as a broker and most of the companies that I deal with provide all the tools that a person needs to sell insurance and financial products...needs analysis software, client database software, qouting software, online application software, etc. Sounds like not only is it expensive to clients it's expensive to it's advisors as well.

Your job is to get families to buy insurance at twice the rate they could get elsewhere.

Take heed to the other advice you've already received.

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