I answered an ad on Craig's List about an opportunity with Citibank...so I figured, what the hell, I'll go meet with them. Turns out it was the douchebags from Primerica. Kind of felt like I'd been Amway'd since they never mentioned the P-word until 10 minutes into the meeting.
Needless to say, I didn't call them back and they never got back to me. Idiots...
I can understand how they recruited to this model in the early 80's and even early 90's as there was not at that time very much opportunity peddling term.
But right now I just don't get it. Not much different than their long lost stepchild, NAA, but at least they put new agents in front of prospects beyond their family and friends.
Funniest Primerica story I have is from a 3 year veteran of theirs that kept sending a buddy of mine mortgage protection clients. Yes...she was literally calling him up saying "hey, I've got another client for you". I've heard of being clueless but this one took the cake.
Why do the pro primeamerica statements start out with the word "former"?
It's a term company with not the best rates that simply uses a distibution system that creates a great deal of turnover. The odds of becoming a career agent are probably less than other carriers.
My last rebuttal:
Well, I was with Primerica (former) and it's no big deal, what should I have said, back in the day? I used to be? I haven't read all the threads... I was simply correcting that statement. You don't receive any money for signing a person up. I am bashing any haters, just simply wanted to have the person who posted the thread in the first place get the right information-not for the repliers. Some of the replies in this thread don't even reply to the post and just plan to attack.
To the poster:
For the record, you don't get payed for signing up people.
Look at a State Farm Agent recommended business plan and a recommended Primerica RVP business plan (the level at owning your own office) do yourself the favor and compare. Or should I save you the trouble and tell you they are exactly the same.
I am not a hater of any company or anything until I know facts. Primerica is just another company out there that works like the rest of them. The only difference is that you are your own boss and like anything else, you only get out of it what you want out of it. You wake up in the morning knowing you have to work your ass off to get paid and at the end of the day you're not worried about your boss firing you or laying you off. Also, something to consider for any company is the ratio of how many top paying agents there to not. What are your chances of making it big? Again, with the system already in place, how much would you be willing to put into it/yourself in order to make it (of your definition of) BIG?
I hope this helps.
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Originally Posted by 2112Greg
I answered an ad on Craig's List about an opportunity with Citibank...so I figured, what the hell, I'll go meet with them. Turns out it was the douchebags from Primerica. Kind of felt like I'd been Amway'd since they never mentioned the P-word until 10 minutes into the meeting.
Needless to say, I didn't call them back and they never got back to me. Idiots...
That is an idiot who lures people in like that. It's so lame.
Last edited by Badge : 11-27-2008 at 02:44 PM.
Reason: Posts merged
Back in their hayday agents actually did get paid to recruit...and here's why.
What is the number first thing on the list of things to do as a newbie agent to be...drumroll please...buy a policy on yourself...gotta own what you sell right?
Well who you gonna buy it from? Yourself? Nope...you're not licensed yet newbie...you'll buy it from me...and then when you recruit your three you'll get to write their policies.
Now...I'm not saying that all Primerica agents operate this way, I'm just saying that most do.
That is one very big difference between how they operate and how a traditional agency operates. Every recruit is also a client but every client is not also a recruit...so get out there and recruit, recruit, recruit, rah, rah, rah, blah, blah, blah.
My last rebuttal:
Well, I was with Primerica (former) and it's no big deal, what should I have said, back in the day? I used to be? I haven't read all the threads... I was simply correcting that statement. You don't receive any money for signing a person up. I am bashing any haters, just simply wanted to have the person who posted the thread in the first place get the right information-not for the repliers. Some of the replies in this thread don't even reply to the post and just plan to attack.
To the poster:
For the record, you don't get payed for signing up people.
Look at a State Farm Agent recommended business plan and a recommended Primerica RVP business plan (the level at owning your own office) do yourself the favor and compare. Or should I save you the trouble and tell you they are exactly the same.
I am not a hater of any company or anything until I know facts. Primerica is just another company out there that works like the rest of them. The only difference is that you are your own boss and like anything else, you only get out of it what you want out of it. You wake up in the morning knowing you have to work your ass off to get paid and at the end of the day you're not worried about your boss firing you or laying you off. Also, something to consider for any company is the ratio of how many top paying agents there to not. What are your chances of making it big? Again, with the system already in place, how much would you be willing to put into it/yourself in order to make it (of your definition of) BIG?
I hope this helps.
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That is an idiot who lures people in like that. It's so lame.
How long ago did you leave them?? It looks to me like you still have some Kool Aid in your system...
Primerica has, for the most part, a bunch of part-time amateur agents running around selling a little bit of insurance.
Choosing to work with them would not be a great career decision.
But they have sold more in face value then any one insurance company in the USA not bad for a part time gig I would say.
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Originally Posted by 2112Greg
I answered an ad on Craig's List about an opportunity with Citibank...so I figured, what the hell, I'll go meet with them. Turns out it was the douchebags from Primerica. Kind of felt like I'd been Amway'd since they never mentioned the P-word until 10 minutes into the meeting.
Needless to say, I didn't call them back and they never got back to me. Idiots...
Thats your loss
Last edited by racjac : 03-06-2009 at 11:03 PM.
Reason: Posts merged
But they have sold more in face value then any one insurance company in the USA not bad for a part time gig I would say.
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Thats your loss
There is nothing to debate on. Someone likes Primerica model and someone don't. Rep. and Dem. each has its own way of getting things done, for better or for worse. So let the Primerica run its course.
But they have sold more in face value then any one insurance company in the USA not bad for a part time gig I would say.
You're missing the point. No one said Primerica didn't sell insurance. You'll find most posts on this forum focus on how things affect the agent, since it's a board of primarily agents. Primerica, NAA, etc. are good for those companies, their owners, their board of directors. It does not mean they are in any way shape or form a place an agent should hang his/her hat.
This is not up for debate, it's a fact which is not disputed within any insurance circles.
You're missing the point. No one said Primerica didn't sell insurance. You'll find most posts on this forum focus on how things affect the agent, since it's a board of primarily agents. Primerica, NAA, etc. are good for those companies, their owners, their board of directors. It does not mean they are in any way shape or form a place an agent should hang his/her hat.
This is not up for debate, it's a fact which is not disputed within any insurance circles.
You can debate for years but mlm will be exist for years to come. I just received an email from a Primerica agent and he said he was a proud Primerica agent. I do not like Primerica. But it is his choice to stay in Primerica. Any organization has its limitation. Actually there is no difference between traditional insurance agency or mlm organization with the exception of how the profit was distributed. I see the greediness both mlm owners and regular agency owners, maybe the only difference is the degree of greediness.
You can debate for years but mlm will be exist for years to come. I just received an email from a Primerica agent and he said he was a proud Primerica agent. I do not like Primerica. But it is his choice to stay in Primerica. Any organization has its limitation. Actually there is no difference between traditional insurance agency or mlm organization with the exception of how the profit was distributed. I see the greediness both mlm owners and regular agency owners, maybe the only difference is the degree of greediness.
Its a shame all that face value they tout ends up just getting replaced.
But they have sold more in face value then any one insurance company in the USA not bad for a part time gig I would say.
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Thats your loss
No one is disputing that Primerica sells a lot of term life insurance. While all the rah rah we're #1 is great for the company is it best for the rep? The average Primerica rep back when I was in it in the mid 90s was 1 1/2 policies a year. It may be higher or lower now. So it's a lot of agents selling a little. Personally I'd rather sell 100s of policies myself from companies who are highly rated and not the #1 seller of term life. I do love it when I run into a Primerca policy. I say I agree with everything they say about buy term and invest the difference, but why not buy cheaper and invest that difference too?
Buy non-primerica term and invest the difference under your pillow will probably be better for the client than buying overpriced, overloaded primerica term and investing the difference in their Class A or B underperforming Smith Barney mutual funds.
Speaking of mutual funds, remember when they used to sell "Common Sense" funds with an 8.5% upfront sales charge? Yeah, that's doing the right thing for the client.
Doing the "right thing" for the client is subjective, but once you know of a better way, shame on you. This in itself is one of the major problems with being a captive agent, but at least with captivity, you have the ability to offer a range of insurance products - not one size fits all.
Whilst (I love that word) I mostly sell term insurance (it is my market - it's what I do), I am not obligated to sell anything unless it works for the client. When I do sell term, I can feel comfortable that I am selling a competitive product.
It's not always about being the "cheapest", but it is about being "competitive". The cheapest isn't always the best product (conversion options, underwriting flexibility, etc...) but overpriced insurance never is.
------------------------------------ Len Perroots
Tannersville, PA
Las Vegas, NV
SSHHHHHHhhhhhhhhhHHhuuushh!!!! The sign on fee is four-hunnerd..no wait! FIVE-Hunnard!! Cash Only!!!
I think when I signed on with them it $399, but that was several years ago. I found out the hard way that Primerica was not the way to go with an insurance career.
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.
they are the ALWilliams organization, Remember the Greenies? Aslo they inadvertantly caused the insurance industry to have mandatory CE.
This may have been before your time.
Prior to ALW anyone and his brother could get a license by simply taking & passing the test. Not now. I believe some states have set limitations for those who are going to work the biz part time.
Prior to ALW anyone and his brother could get a license by simply taking & passing the test. Not now. I believe some states have set limitations for those who are going to work the biz part time.
I'm licensed in 17 states and not one asked me if I planned on doing insurance full or part time. Are you sure it's for licensing or appointments by insurers? Then again it could be in one of the states I'm not licensed in.
Re: Primerica
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