I wen to to their office and was asked to fill out an application form. I was the first one there so I put the lights on and tidied up a bit. they said a position in the company. MLM is not a job. This is a good money maker for Primerica and the finance industry in general- all on the backs of reps. If I could teach that to others, that would be cool right? I thought the man I was working one on one with , who was soooo nice was helping me set up online banking , which is what he said , but in reality he was going into my account taking money out which he said they were not gonna do unless I signed up for the classes at a later date. Looking for any advice to be offered before the impending interview.. Im so stressed out now because I couldnt come up with a lie to excuse me from that call. He was strange, deceptive and refused to answer why he supposedly left this well-known company which had me a bit concerned. Thanks for this website, now I know its a scam and Im calling off the interview!! 12 hr days and have to many days off, I have time to put into a might work job to help me out for my goals in life. Not a fan of recruiters that will give great compliments, offer big promises with no details & make unemployed people pay 100.00 to get started. I read the story that was provided above and a handful of the comments. I told her I dont have friends, so Im just telling her anything so shell drop it but she was so persistent it was ridiculous. I knew that a job selling insurance wasnt really up my alley, and my intention was to leave the first opportunity I got, but that opportunity came when they asked me to put down $99 for an investment licensing class. Just googled to know about the company and landed on a right page. It amazes me that people still think they can get away with taking advantage of good people that just want to work. John breezed through the door and introduced himself then instructed the man to sit down for a few moments; hed be right with him. also I asked for what position ? I went to the interview and we just hire anyone. I have a job, but looking for a change, I feel bad for people who are out of work and are honestly looking for a job! A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products.As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal. Just dont give up! I can feel itll just be a waist of my time and I would rather work for a company with a good reputation. The small group of initial promotors at the top . Report investment scams by state-licensed companies to your state's securities administrator. (Even then that is to be seen) They clearly have a lot of red flags, and I dont think businesses should be allowed to run like that. As you also stated, there are no downlines involved. The guy recruited me at the mall and all he gave me was the address, no description of the job, not the name of the company. Money / Side Gigs. However, when I suggested that my previous experience would leave me worthy of positions like Business Analyst, I was informed that those positions were only available in the corporate office located in Georgia. Even if this is a legit company, the financing industry was never my thing. He signed on right there because he was impressed with their house. I will not be invited back even though the host is consider me a friend and wants me to be on her team (her words). Primerica is the greatest opportunity to have your own business ever created. A pyramid scheme is an investment fraud in which new participants' fees are typically used to pay money to existing participants for recruiting new members. As soon as I seen it was a power point presentation I knew money would be involved. I am not unemployed and actually own my own legitimate business. So then i asked him thru Facebook and he said no and now im here and im so glad i am. This is the same for any insurance or investment company. Wow, thank you to all who posted about this company. He also deceived the new Primerica representative, telling her that he was helping her and teaching her how to recruit people into her downline, only to keep some of the recruits for himself. You get paid if you sell, and thats all they care about. Many years ago I was involved with Primerica. The money received from the new recruits is used to pay off the . I understand multi-level marketing all too well. This series focuses on good old road trips. I have been with Primerica for almost a year. good looking into this before going to my interview today. I love my job. And finally the companies they represent (the likes of Met Life, Lincoln Financial, Equifax). Cant there be commission only jobs? I asked, how can I be that guy? (pointing to the top of the pyramid). Thanks for all the information. She went thru a 45 minute pitch for their pyramid scheme. I dont. I read a post of about how a Primerica employee came for a home interview and spent 3 hours trying to sell them insurance and about 30 mins interviewing them for the position. She asked me the most useless questions ever, such as, How do you want to be treated if you work here? She was also unable to give me specific details about the position I was interviewing for. Didnt add up. Only two other rooms seemed to be in this building, a walled-off office and a copy room that was more or less a bump off the main hallway. At the time I was desperate for anything that could get me more money. This is just like Aimway, they make you sign up and promise you, you will make money fast and easy. Finding your own customers and future work is real work. The place where we met was super creepy, also. Then she texted me and asked to meet her this week for coffee. I have another so called meeting tonight with him. Okay, made perfect sense. Thats why they havent been charged. Is that really too much to ask for? Goodness gracious thank you for the comments, almost went to an interview. Fortuna, the goddess of wealth!? I reluctantly agreed and was hired I went home that day and looked for primerica on the Internet and at how it is a scam. How what they do helps people. Out of curiosity, why not expend the same energy to become successful at something you love and be at the top of YOUR pyramid and opposed to being at the bottom of Primericas? I am a single mother of two kids and I have only been getting one day off from work. ..so i asked her if its such a legit company why do I have to pay for my background check and why is there so much secrecy and then sign of primerica is most outside. Often in a pyramid scheme, you'll be encouraged or even required to buy a certain amount of product at regular intervals, even if you already have more inventory than you can use or sell. A customer commented to me that he was impressed by my way with patrons to our store. Primerica Financial Services Home Mortgages. Also, Tracey thank you for your continued service on informing the public about MLM businesses. Me too! This is a scheme. The red flags popped up when she mentioned what the massive amounts of money people save, from paying 14 years of loans in 5 years is mathematically impossible for the average middle class consumer. Before you try to pick apart or look for excuses not to be a recruit, maybe you just dont believe it can work or its you you dont believe in. I also heard the leadership bit. Ive recently begun with Primerica. Operated a pyramid scheme: The company also encourages consumers to become Financial Education Services "agents" themselves, selling the company's services to other consumers. We were to ask them for a penny (hoping it would be a new penny because those are weaker/thinner than the old ones), and with the new penny we were to use the best cutting scissors ever to cut easily into the penny. I stared at it blankly for a moment, noticing how low the numbers were. Jeb- If you read most of these comments then you should already know that half of them was approached at their job like myself. Now, though, I felt different. He asked us over 50 questions, where do you want to move? I should be filling out my own application. THANK YOU so much for posting this.. Should have gone with my gut. She told us that most people in the company are able to make 6-figure incomes, but thats a good thing, since they help people get out of debt and become financially independent. Clearly if one can do that for another, one should be able to pocket a nice income Once she quit her little dissertation on the gap between the upper class and middle class and how the middle class can become upper class with our help, she told us to wait as she brought in the guy who had written the review for the company (5 stars. I cant stand the fact that losers like yourself cant understand it. My niece received a call for a job interview yesterday. They tried to get me to come to a meeting next Monday with the VP, but with my work schedule and doctors appointments for my two disabled children, that wasnt in the cards, so they tried to get me to show early for work tonight and I again said no, so they set up a meeting at 1:30 am tonight after I finish work. First red flag for me is on LinkedIn. I furrowed my brow thinking I thought he was making those calls for ME.. shouldnt I get credit for those names? Do I just block them and never contact them again? They just tried taking a mortgage out for half a million and the bank denied them because neither of them have a real job or make enough money. I cant thank you enough. http://www.sequenceinc.com/fraudfiles/2015/03/multi-level-marketing-is-not-a-business-its-a-pyramid-scheme/. I called her back to be polite but she didnt answer. LOL Stacy. What deity do these two preachers represent? There seems to be a way to make money but you have to be highly deceptive and cut-throat, oh, and pretty desperate to make money in MLM. Were 30 mins in this interview, hes asked me for $124, 3 people i have to refer who will also pay $124, my credit card info, 25 phone numbers to also call and sell insurance too, and then called my parents for a home meeting. Should I in fact back out? At one point, this person even chuckled, seeing that I would not let go of the questions pertaining the job description or title. The program is administered by Legalshield (formerly called Pre-Paid Legal Services), which is the largest provider of pre-paid legal services in the United States. It is about the education of it all isnt it? The interview should have been tomorrow but I wanted to learn more about the company so I extended until Monday. For instance, he said Whats your favorite restaurant? It is a pyramid scheme. Am I applying for a job? She deflects quickly, This is the part when I get to know YOU. Obviously the recruiter was being paid on some form of commission so the sooner she got me in the office the better. In addition, how Im going to have to pay $99 for license + $25 utilities (no other job makes me do this?). And by the way in MLM you dont own a business. You have a contract under which youre permitted to shill for the MLM. Therefore, before joining Primerica, you might pose and ask yourself if it is a pyramid scheme. In another spot on their website, they suggest that part-time agents may expect to earn about $500/mo (which is also $6000/yr). Her last attempt was to try and sell the financial services to me. I googled psfl darmouth (included in the e-mail) and the first link was primerica is a pyramid scheme/scam so that was enough for me.