Primerica Reviews | Glassdoor

Primerica Reviews

Updated March 8, 2017
60 reviews

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2.0
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Glen Williams
3 Ratings

60 Employee Reviews

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Pros
  • Freedom & Unlimited Income Potential (in 37 reviews)

  • They care about the unlicensed part time team member to the full time million dollar earners without bias (in 41 reviews)

Cons
  • The position is commission based (in 29 reviews)

  • The bottom line is that Primerica is a MLM (multi-level-marketing) operation, hiding behind a vulgar farce of a financial company (in 12 reviews)

More Pros and Cons

  1. Helpful (9)

    "Pyramid"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    If you're good at it you can make a lot of money with them if you can stay with it long enough.

    Cons

    You aren't really helping people because the real money is in recruiting. You'll be driving everywhere making cold calls, there's no guaranteed income, and no real business plan. The only reason I don't call it a pyramid scheme is because they're actually fairly open about that part


  2. Helpful (9)

    "You don't even own your book of business, and it is NOT a franchise only another MLM!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Regional Leader in Colorado Springs, CO
    Former Employee - Regional Leader in Colorado Springs, CO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Primerica full-time (More than 8 years)

    Pros

    Flexible schedule, practically no cost, fantastic financial education. The best part we the friendships, to bad most of them cut me off when I left. Cult...

    Cons

    Captive, meaning only 1 life carrier, themselves. Product provider should be separate from the sales force. No 1 company can be all things for all people. Company is pretty cultish, like many mlms. Compensation is terrible, especially in securities, possibly worst securities business model with locked commission's, no it reduced commission on trails, haircuts on VAs, limited in available carriers, the list goes on. On the surface it's a great company, but there are so many minor flaws in the rep side that could make it a disappointing experience

    Advice to Management

    Stop lying to people, even if the lies are small, like how your number came across my desk as someone that would be.... You know the drill. Also, focus more on securities, stop mass recruiting and take some of that pay that goes to the very top and bring it on down to the new huy. There's more, but I think I made my point 😊


  3. Helpful (4)

    "Primerica"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Advisor Representative in Tampa, FL
    Current Employee - Investment Advisor Representative in Tampa, FL
    Doesn't Recommend
    No opinion of CEO

    Pros

    Emphasis on educating clients about finances

    Cons

    Emphasis on recruiting overshadows pros


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  5. Helpful (5)

    "senior rep"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Representative in Tampa, FL
    Former Employee - Senior Representative in Tampa, FL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Very helpful in obtaining your license to sell insurance

    Cons

    Non existing lead generation. They push recruiting more over sales in insurance.

    Advice to Management

    Invest in lead generation. Direct marketing for you sales force leads to more sales and income for you and sales reps.


  6. Helpful (10)

    "Good to Hang Out, Bad for Income"

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

    Pros

    Pays for your life license
    Subsidizes a substantial portion of your FINRA licensing
    Free courses for licensing
    Social Atmosphere

    Cons

    Expected to generate own leads
    Low commissions
    No marketing support
    Limited Product
    Captive Agent

    Advice to Management

    I was lied to when I joined. I was told that I would have access to all the leads I wanted. My regional office would nickel and dime you for everything. In order to really have a chance at selling anything you have to pay $25/mo. If you want to order marketing supplies they charge you for all of them "because you have to invest in your business". Your upline will refuse to give you free marketing supplies even though you only make 25% from selling to your friends and family, and they make 85% off of each sale you make.

    The best part of the business was being around my old friends(if your friend recruits you then you are bound to see old friend you know there as well). If you want to make it, you have to be willing to recruit new people, sell to their friends and family before THEY get licensed, then get them out there recruiting so you can rinse and repeat.

    If you are new, wait until you get your license to sell. Don't go on KT's with your upline if they are going to have you split. The split is gross, you'll get like 12.5% and the rest of it is added to their override.


  7. Helpful (3)

    "Not the best"

    Star Star Star Star Star
    Former Employee - Financial Service Representative in North Chicago, IL
    Former Employee - Financial Service Representative in North Chicago, IL

    Pros

    Reps always did what was write by their clients, although thought products were still expensive

    Cons

    There is more money in recruiting rather than helping clients

    Advice to Management

    Not put pay structure based on recruiting


  8. Helpful (12)

    "Overall Experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    Pros

    *On a team of motivated coworkers all in their early to late 20s
    *Big money can be made if you make a career out of this and rise through the ranks
    *If you're a very hard worker and like selling, this might be for you

    Cons

    *They somewhat mislead you about the work you'll be doing. They tell you just enough for you to say yes to the job
    *Management would dodge basic questions during the interview like "How much will I be paid?" or "What exactly is my job?"
    *Commission based work
    *Pay $124 before even working (at the interview)
    *No clients provided for you to sell to
    *They make your first clients friends and family
    *Pyramid like hierarchy

    Advice to Management

    Be straight with your potential employees.


  9. Helpful (1)

    "Quality Assurance Anaylst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - QA Tester in Duluth, GA
    Current Employee - QA Tester in Duluth, GA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Good team effort on everyone's part. Single goal in mind - releasing a great, user friendly product.

    Cons

    Not so much "life oriented" or "family friendly" meaning a lot of hours expected at work.

    Advice to Management

    Don't set such tight deadlines that causes all the overtime work hours. Adding a couple of weeks to a project will not have any impact on the company.


  10. "Insurance Agent"

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

    Pros

    I can see how and why people like this company so much. it can work if you make it work.

    Cons

    Didn't like the way people tried to make this a family atmosphere in that "let's help you, help me make me richer" type of way. In the end, it's a business.


  11. Helpful (2)

    "Primerica from my point of view"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - FINANCIAL ANALYST and BOOKKEEPING in Kissimmee, FL
    Former Employee - FINANCIAL ANALYST and BOOKKEEPING in Kissimmee, FL
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at Primerica (More than 8 years)

    Pros

    Great Company to work in.

    Cons

    Managers are not align with company potential.

    Advice to Management

    Not too good.



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