I have a "friend" that constantly begs me to check out Primerica. What, if anything, do you folks know of Primerica? Any personal experience with the company? Know how it works? Anything. I have never heard of them until recently.
I have a "friend" that constantly begs me to check out Primerica. What, if anything, do you folks know of Primerica? Any personal experience with the company? Know how it works? Anything. I have never heard of them until recently.
HELP!
Primerica is a multi-level marketing insurance company. They pay lower commissions but you recieve over rides for signing up your "friends" as sub-agents. To make good money with Primerica you need to sign up lots of "friends."
I would stay away from them. You will do better staying independent. You can sell lower priced product and make more commission doing it. And the best part is your friends will not run and hide when you come walking toward them.
I would sooner leave the insurance business altogether than get involved with this ridiculous concept/company. It would be an excellent way to piss off all your friends though...so I guess it depends on how badly you want to keep your friends!
Primerica is a Citi company. They offer investments (Smith Barney), insurance (Travelers), cash management/budget planning. I have to say that my experience was okay when I was first introduced to them nearly 11 years ago. That's who talked to my husband and I (newlyweds, Army couple) about IRAs and insurance. We started our IRAs there and also bought a renter's policy. They tried to get me in the business at that point but we were going to be in Virginia for another couple months and then I was moving back to Idaho while hubby went to S.Korea for a year.
A Primerica guy moved in across the way from my office. I rarely see him there. Of course when I saw his sign go up I thought "Great, another latte stand...I mean, investment rep."
I've run into them in the field in replacement situations a few times and I was always able to best their rates with Lincoln Heritage and everybody here tells me that LH rates are too high. That should give you an idea as to how competative they are.
Thanks for the responses. I suspected as much but wanted to verify from some of you that have been around for a while. MY "friend" raked me over the coals for not being interested and, in his words, not having ANY OTHER OPTIONS. I guess I'm SUNK without Primerica - whoa is me......
I have a "friend" that constantly begs me to check out Primerica. What, if anything, do you folks know of Primerica? Any personal experience with the company? Know how it works? Anything. I have never heard of them until recently.
HELP!
Whenever I see "Primerica", I think opportunity. I replaced two of their policies last week.
Winter
------------------------------------ Spending Our Way to Prosperity
I just signed on an ex-Primerica agent. After completing all the contracting material, she sat there with her checkbook asking...how much do I owe you? At first it wasn't hitting home until I remembered that Primerica charges several $ hundred dollars to sign on. I gladly said, you owe zero.
I thought she was going to explode when I told her she gets an 85% commission. I could have gone 90% but then she could take advance and I would be liable for paying it back. That's not for me. To me an 85% contract is ho-hum but she said she was paid a lot less at Primerica.
This particular person is a 20 year client and her friend talked her into getting licensed and signing on with Primerica. At the time that she was considering entering the Primerica business I told her the pros and cons of Primerica. Yea pros....hm????
After the experience she now says to me, "please don't say I told you so."
I am not even going to get started because I could fill pages on this one.
Originally Posted by MrProvidence
I have a "friend" that constantly begs me to check out Primerica. What, if anything, do you folks know of Primerica? Any personal experience with the company? Know how it works? Anything. I have never heard of them until recently.
I just signed on an ex-Primerica agent. After completing all the contracting material, she sat there with her checkbook asking...how much do I owe you? At first it wasn't hitting home until I remembered that Primerica charges several $ hundred dollars to sign on. I gladly said, you owe zero.
I thought she was going to explode when I told her she gets an 85% commission. I could have gone 90% but then she could take advance and I would be liable for paying it back. That's not for me. To me an 85% contract is ho-hum but she said she was paid a lot less at Primerica.
This particular person is a 20 year client and her friend talked her into getting licensed and signing on with Primerica. At the time that she was considering entering the Primerica business I told her the pros and cons of Primerica. Yea pros....hm????
After the experience she now says to me, "please don't say I told you so."
I am not even going to get started because I could fill pages on this one.
SSHHHHHHhhhhhhhhhHHhuuushh!!!! The sign on fee is four-hunnerd..no wait! FIVE-Hunnard!! Cash Only!!!
I knew it had to be multi level the way some people attack you when trying to recruit you. I went to a small business local industry night recently. Normally I get some good contacts to do marketing for but this particular night I was pounded by 3 different Primerica people asking if I wanted to get into the insurance business. I figured MLM now confirmed by this thread!
Originally Posted by Newby
Primerica is a multi-level marketing insurance company. They pay lower commissions but you recieve over rides for signing up your "friends" as sub-agents. To make good money with Primerica you need to sign up lots of "friends."
I would stay away from them. You will do better staying independent. You can sell lower priced product and make more commission doing it. And the best part is your friends will not run and hide when you come walking toward them.
Primerica
that I chose NOT to attend the meeting. 
and make me sign a 2 year non-compete agreement within 50 miles of my home. 
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