Primerica Employee Reviews about "multi level marketing"

Updated Apr 26, 2020

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4.0
78%
Recommend to a Friend
90%
Approve of CEO
Primerica Chief Executive Officer Glen Williams (no image)
Glen Williams
407 Ratings
Pros
  • "Great class experience to earn licenses(in 149 reviews)

  • "It's a great way to make extra part-time income by serving and helping families(in 68 reviews)

Cons
More Pros and Cons

Reviews about "multi level marketing"

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  1. Helpful (5)

    "learing experience for the business oriented"

    5.0
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Sales Associate in Boynton Beach, FL
    Recommends
    No opinion of CEO

    I worked at Primerica

    Pros

    I was intrigued by Primerica because, having worked in banking and currently working in the brokerage industry, I understood that they were offering a valuable service to their clients. Primerica is a divison of CITI, one of the largest banks in the world. Citi offers just about every financial product under the sun and they use Primerica as a sales force of their many products.

    Cons

    They are still a multi-level marketing firm. The problem I find with many MLM’s is that many of them coerce and pressure people to join – personally, nothing turns me off quicker than when I feel like I am being pressured into something. I did not sign up with them so I don’t have a full understanding of how they get paid. My rep said something about there being four ways, but seemed to intentionally keep it vague. From what other Primerica reps have said, most money is made from recruiting people rather than selling products – and it is difficult to make much money if you don’t recruit a bunch of people.

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  2. Helpful (2)

    "Mission Driven"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Sales Representative in San Antonio, TX
    Doesn't Recommend
    Negative Outlook

    I worked at Primerica part-time for less than a year

    Pros

    Lots of resources, a great environment, and good people.

    Cons

    Not competitive with pay splits, limited products to offer, if you do not agree with "buy term invest the rest" you should work somewhere else. Be prepared to pay monthly fees to access these resources and peddle to your warm market. This is a multi-level marketing entity. Make sure you understand what that is before paying to start.


  3. Helpful (3)

    "Awful"

    1.0
    Former Employee - Anonymous Employee 

    I worked at Primerica full-time

    Pros

    There are no real pros

    Cons

    It’s a multi level marketing scam

  4. Helpful (27)

    "Beware"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Compensation and Benefits
    • Senior Management
    Current Employee - Sale 
    Doesn't Recommend

    I have been working at Primerica part-time for less than a year

    Pros

    You can make good money there. They do sell insurance and securities to people in need.

    Cons

    Many things you are told when entering the starting process are not true explained as so in the IBA, My fault but I took what I was being told as truth. It is multi-level marketing and even though you can make money selling Insurance and securities, your main source of income is from recruiting and having others sell for you which is highlighted by the following. You don't need to really now insurance. Upon starting the process there and stating I was having issues remembering the info needed to pass the state exam I was told repeatedly " You don't have to remember or know what you are studying, you just got to pass the test". Attending the weekly meeting was nothing more than a pep rally where very little about insurance or investing was talked about and directed to whos rich and making money. Upon passing the state exam I was still unclear on many parts of being a producer and insurance and said so where I was told by upper management "hey, you passed the test that's all that counts, So what if you don't remember the information, just forget it, you don't need to know it. We will tell you what you need to know". That's god's truth. Did I mention they wanted a list of friends, family or acquaintances and their numbers so they could "contact them for me" and try to set up appointments? I stated I was not comfortable trying to sell major life products to strangers, let alone people close to me when I got no real idea of what they do or what I am selling. Again, I was told not to worry about it and you will get it as you move forward and get experience. Sorry, I don't tell people who are trusting me to help make major decisions that will affect their lives and families to buy stuff as I try to bluff my way through the presentation I don't even understand!! They do sell life insurance but push almost exclusively term. The logic is using the extra money you would be using for whole life and investing that instead which does make sense for some. But looking closer at the policies show that if you had a 10-15 year term policy that ends when you are older, to get a new policy through them or renew in many cases will cost you at least 5x more per month. In other words, a large number of past policy owner cannot afford to renew with them later in life unless they are very comfortable. Also, their costs are anywhere from 25%+ more expensive than most other companies for the same thing. So unless you are already comfortable, you are NOT saving money over whole life to invest. After the limited list of people i gave them started getting called and if they were not interested they asked those people for possible leads which of course caused real life issues for me from the listed people. And that was about the only way i even knew they were contacted.

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  5. Helpful (7)

    "Good"

    3.0
    Former Employee - Anonymous Employee 

    I worked at Primerica part-time

    Pros

    Friendly environment, own schedule, good

    Cons

    Pyramid scheme, multi level, bad

  6. Helpful (4)

    "Great mission, not passionate about it"

    4.0
    Former Employee - Anonymous Employee 

    I worked at Primerica part-time

    Pros

    Primerica does everything they can to help expose insurance companies by giving consumers the best deals.

    Cons

    I was just not passionate about the multi-level marketing they were doing.

  7. Helpful (2)

    "You get what you want out of the experience"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Intern - Sales Intern in Little Rock, AR
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Primerica for more than a year

    Pros

    Got to travel to conferences in Louisiana and Atlanta. Helped me break out of my introvert shell. They also paid for my insurance classes and license. Supervisors were very helpful.

    Cons

    It is a multi level marketing scheme so be aware. They will tell you other wise because their jobs/ salary depends on it. Many do not want to or cannot leave due to sunk cost of spending money to buy the products. They target low income households.

  8. Helpful (13)

    "A MLM company"

    1.0
    Former Employee - Anonymous Employee 

    I worked at Primerica part-time

    Pros

    You learn some basics in finance

    Cons

    It is true about MLM companies. They push you to recruit rather than on selling. It is clear: if your family or friend contacts you abt a "Business Opportunity" rather than " offer products", it is a Multi Level company. The problem is how to sell beyond your friends and family? Very difficult. Primerica has 120,000 sales people... Much more than any other Insurance company. It is a saturated MLM

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  9. Helpful (4)

    "Primerica provides a good part-time opportunity"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Primerica part-time

    Pros

    You can get licensed in Life Insurance, Property & Casualty, Investments

    Cons

    Multi-Level Marketing (MLM) structure and promotion system. Became more focused on building a team than in helping people.

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  10. Helpful (5)

    "Great starting point"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 

    I worked at Primerica full-time

    Pros

    Primerica was a great company to get my foot in the door with Insurance and financial services. They assist getting you licensed and educated to help families.

    Cons

    Primerica is too much of a multi-level marketing business. Recruiting people and trying sell to friends and family is bothersome. At times I felt like a used car salesman. One dimensional by only offering term life insurance for younger clients, and not caring about older potential clients who may need assistance as well. The platform they offered to clients was not suitable for everyone.

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Found 23 reviews