Primerica "pyramid scheme" Reviews | Glassdoor

Primerica Employee Reviews about "pyramid scheme"

Updated Mar 6, 2020

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3.9
75%
Recommend to a Friend
91%
Approve of CEO
Primerica Chief Executive Officer Glen Williams (no image)
Glen Williams
382 Ratings
Pros
  • "Great class experience to earn licenses(in 144 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 "pyramid scheme"

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  1. Helpful (8)

    "Primerica SCAM OR NOT A SCAM and PYRAMID OR NOT A PYRAMID you be the judge"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Division Manager in Houston, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Primerica full-time

    Pros

    Unbelievable experience and great training system for success of their people and provide lots of personal development with incredible room for growth. Everything you learn while working with this company enables you to apply in every aspect of your life. Hard times don't last but strong people do and only the strong last in this company and only people who sincerely love helping people stay. It is very rewarding working for Primerica and I can't say enough great things about this company. It will take forever if I try. Primerica changes your life and the life of your family. I am not paid to write this. I am a real person and love everything about this company. People who write negative reviews are keeping others from looking into this great opportunity. Those who are looking for reviews should read both the negative and positive ones and than MAKE UP YOUR OWN MINDS. Don't be a follower be someone that is in control of your own decision by thoroughly looking at all views and be well informed. If you are going to do the research DO THE RESEARCH!

    Cons

    Too many negative reviews from people who doesn't have what it takes to do the job. The company is not a SCAM or a PYRAMID SCHEME. They do not make money from recruiting. I am really curious when haters use the word SCAM what they really mean by that. I challenge any haters and can't doers to provide at least ONE example of what Primerica did that you perceived to be a scam. How is Primerica a PYRAMID or a SCAM? It is structured just like the real estate business/industry when it comes to the pay and just like any big companies when it comes to management and business structure. Is the real estate business a scam? NO Do brokers make money of off the real estate agents/ Realtors? YES The pay is a commission split between broker and agents. There are some broker that don't provide training for that money and there are none that will go on a listing or buying appointment to help new agents make money or ensures their success. Real estate agents are on their own. The broker make money without even being on an appointment but yet Primerica is a scam? Get this, real estate brokers make money from their agents rather their agents make money or not on a monthly basis. Brokers charge a monthly fee to hang their license with the firm. So let me ask again which one of the businesses appear more like a scam here? Answer is none. The real estate industry and the way the business structure is very legal and regulated. Primerica has the same structure but the difference is the trainer is with the trainees on each appointment ensuring the success of their new agents in training. The trainers/Leaders deserve every part of the commission because they work hard to make sure their new recruits learn to close by helping families improve upon their situations. All big companies and corporations are pyramid structured yet no one perceive them as a pyramid. No one can see it for what it really is because the corporations constantly pay employees on a certain payroll schedule giving employees the illusion of security but reality is there is NO such thing as security at any job. Employees can be laid off in an instant with no ability to control the situation no matter the how long or loyal or even if the employee is a hard worker. The moment there is a budget cut the first thing companies cut are their employees. Before you judge Primerica you should carefully look into the way the large companies around you are setup and open your eyes. The company you are currently working for is a PYRAMID! Aren't you under somebody that is under somebody that is under somebody??? YES people! Your current employer is a PYRAMID! They control your hours and cap your salaries. Do you really want to work on making someone else rich forever or should you change your life and open your mind and start working on your legacy and take control of your own success? Don't you want to have more time and money for your family instead of choosing to sell your time for money? YOUR CHOICE!!!! Commission: unlimited on growth and the amount of money you can make. You control your time. Hourly/Salary: time and money controlled by someone else with a CAP on how much money you can make and not enough room for growth Haters and can't doers will post negative reviews and assume that all positive reviews are paid for. DO YOUR OWN RESEARCH AND MAKE AN INFORMED DECISION !!! I will end with this, you can make a SMALL mistake by looking into the opportunity and learn that the opportunity is not for you or make a BIG mistake by listening to haters to have them influence your decision that could be just what you need to make you financially free and live your dreams.

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    Primerica2019-10-24
  2. Helpful (6)

    "NOT a company any good person should work for!! EVER!!"

    StarStarStarStarStar
    Former Employee - Insurance Sales Representative in Tempe, AZ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Primerica full-time for more than a year

    Pros

    There is nothing good about this company.

    Cons

    SCAM!! As an "employee" you are NEVER to pay money to obtain a "paying" position in ANY company. *Ask for upfront costs for your being hired, $299 *Entire training teaches you how to build and enact a pyramid scheme. *NEVER allowed to ask rational and competent questions, you are penalized for asking any question that might challenge their schemes. *Mandatory "Saturday School" where you are encouraged with false promises to Sell, Sell, Sell. *NO regular pay, ALL COMMISSION BASED, but they don't tell you this until AFTER you give them a $300 investment that you NEVER get back *Teaches you how to scam the elderly, uninformed, and even the poor put of money *Constantly remind employees that "We are in the business to make money, so try to sign up "falt" signers." *Supervisors are vile, scammers that are so used to treating everyone like crap that they simply don't care about anything.

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    Primerica2020-03-06
  3. Helpful (5)

    "Scammmmm"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    This place makes you honestly feel like family !!

    Cons

    The company pulls you in showing you the big bosses huge ring . You then want in and have his lifestyle .. it is all a lie you will sale 3 people life insurance but the catch is you don’t get the money your recruiter does hahaha what a joke !! Pyramid Scheme to the T !! You will go to dinner and everything with the group and they are all laughing at you !!!

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    Primerica2019-11-22
  4. "Best Place I know to break out of poverty line and middle class"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    Current Intern - Anonymous Intern 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Primerica

    Pros

    Best Place to Break over to 6 figures and still have it flowing after you stopped working

    Cons

    People are still in the process of finding out that corporate America is the real pyramid scheme ei mc Donalds Walmart, Publics and anything with employment.

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    Primerica2019-09-19
  5. Helpful (5)

    "Primerica"

    StarStarStarStarStar
    Current Employee - Financial Advisor 

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

    Pros

    Very flexible and works great around your schedule. Pay for your certification.

    Cons

    Pyramid scheme. Only way to succeed is to bring people in under you, so you make money off their sales. Commission.

    Primerica2019-07-08
  6. Helpful (20)

    "SCAM! Do your research and dont waste your time"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    None. It's a scam.

    Cons

    It's a pyramid scheme, they asked me to pay $125 to start the classes to get my insurance license. Which is not true, it's a $99 service fee and $25 membership fee just to USE their platform. If you want to sell insurance, Be smart do your research it will cost less you than $50 to get your state insurance license and then you can go to a reputable company. All they are trying to do is recruit people and get their personal references. Because thats how they get away with not paying for advertising. I was asked to list 30 references with phone numbers just while I was at the interview! After they recruit you they get paid an instinctive. It snowballs from there. They recruit you. You recruit others. They recruit more fools. This is the start of your recruiters personal business. It's stupid. Your a personal contractor not a primerica employee. Its takes MONTHS to make decent money. No salary or hourly. Low commission structure.

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    Primerica2019-06-17
  7. Helpful (11)

    "Shady"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Insurance Broker in Torrance, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    You can tell your friends you got a job—technically.

    Cons

    It’s a pyramid scheme, you have to keep recruiting people under you so you can get a cut of their sales. On day one you have to make a list of all your relatives and friends/neighbors with addresses and phone numbers. The problem is the cult like vibe and the tiny paychecks. Pyramid schemes and scams go against my moral values so I couldn’t stay long.

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    Primerica2019-06-21
  8. Helpful (1)

    "Great people.. predictable standpoint"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Freelancer - Insurance Agent in Atlanta, GA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Primerica for less than a year

    Pros

    *The company has a great history and backstory *They do a great job selling the dream / lifesytle *Beginning stages are exciting *Lots of learning opportunities/ gainful information on different types of policies

    Cons

    *Its basically a pyramid scheme (they'll say it's not, but it is) *Huge organization and everyone is working themselves ragged to get to the top *No help building clientele because everyone is trying to get as many leads as possible, and some will ask you to share yours so they can try to sell to them

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    Primerica2019-05-07
  9. Helpful (2)

    "Prime rica"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Freelancer - Anonymous Freelancer 

    I have been working at Primerica

    Pros

    They pay for your classes and testing

    Cons

    A pyramid scheme but not a pyramid scheme the only way to make real money, is if your higher up in the ranking but they won’t tell you that

    Primerica2019-04-10
  10. Helpful (1)

    "people who say this is a scam, are lazy people"

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

    I have been working at Primerica part-time

    Pros

    Freedom great extra money, potentially replace your job

    Cons

    people think its a pyramid scheme. you can not be a CONVICTED felon, this company provides ELEVATION. the 125 start up fee does NOT go to the person who recruited you. you have to be FINGER PRINTED, its on the FORBES list. IF IT WAS a scam, im pretty sure theyll let ANYONE join, im also pretty sure BBB would say so, also pretty sure FORBES list does all their research before they make them a HEADLINING topic. like come on... you just had bad leadership. its possible to be successful. this is not a scam. but everyone is entitled to an opinion. but state facts!

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    Primerica2019-02-05
Found 48 reviews