Primerica

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Primerica Reviews

Updated February 10, 2015
Updated February 10, 2015
51 Reviews
3.0
51 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Primerica Co-CEO and Director and Chairman, Primerica Distribution John A. Addison Jr.
John A. Addison Jr.
51 Ratings

Review Highlights

Pros
  • And the ability to own your own business, and unlimited income potential and passive income (in 13 reviews)

  • Yes it is part time for the most part, but that makes the process even better (in 17 reviews)


Cons
  • 100% commission based, there is no salary which means that there is no cap on your income (in 12 reviews)

  • use of your warm market will be based on your reputation (in 11 reviews)

More Highlights

51 Employee Reviews Back to all Reviews

Sort: Popular Rating Date
  1.  

    Independent Contractor / Registered Representative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Registered Representative in Miami, FL
    Current Contractor - Registered Representative in Miami, FL

    I have been working at Primerica as a contractor (more than a year)

    Pros

    Great money earning potential. Manage your own time. You're in business for yourself, not by yourself. Lots of support and a largely untapped market.

    Cons

    Because Representatives earn through recruits as well as products, recruiting is emphasized. Thus, creating an external view of the company that is of a pyramidal structure in nature or "hierarchy" as it's called. Unfortunately, from the outset the company does have a "pyramid scheme" reputation. However, if you have a strong sales backbone, you won't let that get in the way of your success. Also, like in any investment business where you manage your own decisions, when you're starting out; you must tap into your personal contacts in order to create a book of business and stay in what is called a "warm market."

    Advice to ManagementAdvice

    Devote time to providing a serious, structured training program and/or seminars for licensed Representatives on Life Insurance, Mutual Funds and other products. There is no guideline or detailed paths to follow for orientation. As a result, many newcomers feel disoriented, despite the big dreams that are promoted by other Reps. with their projected presentations.

    Recommends
    Positive Outlook
  2.  

    great opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Regional Leader in Columbia, SC
    Former Employee - Regional Leader in Columbia, SC

    I worked at Primerica

    Pros

    If you think you may enjoy working in financial services, this company offers you the chance to start part-time

    Cons

    Make sure you join an active office (weekly rep meetings/training) with admin. support. You don't want to learn this business alone.

    Recommends
    Neutral Outlook
    Approves of CEO
  3. 3 people found this helpful  

    Good intro to Insurance Industry

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Insurance Agent in Fort Worth, TX
    Former Employee - Insurance Agent in Fort Worth, TX

    I worked at Primerica part-time (more than 5 years)

    Pros

    Training provided for getting licensed and the teachers are experienced agents. RVPs and upper management make themselves available to new agents for mentoring and learning the trade.

    Cons

    Once you are trained and licensed you are expected to build your own client base and make your own way. No leads or anything given to new agents. If you already have people you know are interested in the products you can make out well. It is NOT recommended for folks new to a community with no contacts.

    Advice to ManagementAdvice

    Giving new agents some starting leads would help a lot - especially agents who are new to the area and have no contacts to build from.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    District Leader/ Independent Contractor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Anonymous Contractor
    Current Contractor - Anonymous Contractor

    I have been working at Primerica as a contractor (more than a year)

    Pros

    You can work when you want. Starting off is a lot easier than growing "your own business". Get company overall. Love what they do and stand for!

    Cons

    You get paid per client and it can be difficult to make money once your outside your own network.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Senior Representative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Anonymous Contractor
    Current Contractor - Anonymous Contractor

    I have been working at Primerica as a contractor (less than a year)

    Pros

    I believe in the Philosophy of teaching families how to become properly protected. Showing them how to plan for the future and get out of dept.

    Cons

    Constant prospecting for clients. Getting people to commit to a 2 year constant prospecting.

    Recommends
    Neutral Outlook
  7.  

    Agent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Insurance Agent in Albuquerque, NM
    Current Contractor - Insurance Agent in Albuquerque, NM

    I have been working at Primerica as a contractor (less than a year)

    Pros

    Work at your own pace

    Cons

    Commission Only, generate own leads

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Meant for the over ambitious

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Primerica part-time

    Pros

    work when you want and as much as you want
    terrific payout if you are successful in building a team

    Cons

    there is a lot of cold calling
    more times than not people want buy product

    Advice to ManagementAdvice

    your foundation is laid in a way that is great for those up top. how about adding some real benefits for your employees other than a discounted cell bill at a few phone carriers

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9.  

    Get out what you put in

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Services Representative in Waterloo, IA
    Former Employee - Financial Services Representative in Waterloo, IA

    I worked at Primerica part-time (less than a year)

    Pros

    Training, team atmosphere, ability to earn an uncapped amount. The freedom to set your own schedule is helpful and there is always other willing to help since the better you do, the better everyone else does

    Cons

    Hours include a lot of nights and weekends as that is when most people are able to meet. Work life balance has to be sacrificed in order to succeed

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. 3 people found this helpful  

    Paid Training, Big Cnvention

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Financial Services Representative in Chicago, IL
    Former Intern - Financial Services Representative in Chicago, IL

    I worked at Primerica as an intern (less than a year)

    Pros

    - nice people
    - offices spread everywhere
    - free convention
    - you can be successful if you are outgoing
    - you and you group will get free vacation when you reach the top goal revenue

    Cons

    - no personal growth
    - you need to put a lot of effort to persuade people
    - office locations are far
    - little to growth

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 3 people found this helpful  

    Great Services but hard to earn a living

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Independent Financial Services Advisor in Omaha, NE
    Former Employee - Independent Financial Services Advisor in Omaha, NE

    I worked at Primerica part-time (less than a year)

    Pros

    You learn a lot about budgeting, getting yourself out of debt, life insurance, and investing. Overall, I am very happy that I found this company because it helped me and my family realize that we need to plan for the future and it taught us how to meet our financial goals. I would recommend this company to anyone who needs help with their financial situation and/or goals.

    Cons

    It is very hard to make a living since the pay is only commission based. I did not make a lot of money at all. To me, with the amount of work put in the pay (or lack there of) is just not worth it. I would not recommend this job/company to anyone who is trying to earn a living.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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