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Primerica

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Primerica

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Primerica Employee Reviews about "pyramid scheme"

Updated Nov 11, 2021

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Found 15 of over 1,830 reviews

4.0
78%
Recommend to a Friend
87%
Approve of CEO
Primerica Chief Executive Officer Glen Williams (no image)
Glen Williams
715 Ratings

Top Review Highlights by Sentiment

Pros
  • "Primerica is great for people who are very out going and are good at making selling point.(in 85 reviews)
  • "Training is great!(in 69 reviews)
  • "Good money when you close with good premium and a good market to continue business(in 50 reviews)
  • "Money and flexible hours help(in 34 reviews)
  • "Very lucrative and flexible schedules.(in 33 reviews)
Cons
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

Ratings by Demographics

This rating reflects the overall rating of Primerica and is not affected by filters.

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Reviews about "pyramid scheme"

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  1. 5.0
    Current Intern

    Best Place I know to break out of poverty line and middle class

    Sep 19, 2019 - Anonymous Intern 
    Recommend
    CEO Approval
    Business Outlook

    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.

    Continue reading
    Be the first to find this review helpful
  2. 1.0
    Former Employee, less than 1 year

    Run far away from this company.

    Nov 26, 2020 - Financial Advisor in Houston, TX
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Happy culture, and sweet parties

    Cons

    Everything is fake. Parties are there to sway your opinion. Multi-level Management is a pyramid/ ponzi scheme. Made $100 in a single month. Destroyed my friendships with this job. They use your friends and contacts to start you 'business.' To get more percentage you have to get more people into the company.

    Continue reading
    7 people found this review helpful
  3. 5.0
    Current Employee, more than 1 year

    Your work ethic and attitude will MAKE you or BREAK you!

    Sep 27, 2020 - District Leader in Lafayette, LA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    When you have GOOD leadership this is the best opportunity in the world. Access to study material for all licenses online! (Life License, SIE, Series 6/63, etc) I’m manager at a Billion Dollar Company making over “$60,000” in salary, and recently I’ve made MORE biweekly with Primerica PART-TIME. The results you get as an agent are a direct reflection of YOUR work ethic, mind set, maturity, Coach ability, and attitude! If this business doesn’t work for you it’s because you refused to tap out of the “Corporate America mentality “ where you get paid to BE there but not to DO productive work. People say this business is a “Pyramid Scheme” in my opinion 9-5 jobs ARE PYRAMID SCHEMES! At a 9-5 the manager will never make more than the owner, and you’re pod by your position, not your work ethic. Primerica at LEAST gives you a shot to learn the business and eventually work your way up to ownership (Regional Vice President)

    Cons

    I emphasized GOOD leadership. Be mindful of the agents with piss-poor leadership skills or who lack ethics. I’ve ran across tons of people in this business who recruit to make money off of you and dump you, instead of with the intent to train and develop you. The few bad apples are why there are so many bad reviews, and high turnover out there. Trainings are ALWAYS at a bad time. This business is geared towards part-time people transitioning into full-time. They have trainings in the middle of the day when most people are at work. Accepting agents with ill intentions for clients and other agents makes a GOOD agents job harder.

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    9 people found this review helpful
  4. 1.0
    Former Contractor, less than 1 year

    Rushed recruitment

    Mar 4, 2021 - Sales Representative/Independent Contractor in Boston, MA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Flexible self-made schedule, can work at your own pace however many hours per week you want, no limits on the amount you can make from commissions, positive culture, educational resources, lots of incentives, independent contractor not an employee can be a pro and a con

    Cons

    Very rushed recruitment, can feel like a pyramid scheme, charged $125 upfront, zero base salary - commission only, if you're not a 'self starter' type or money-motivated this likely will not be a good match, start by selling to personal contacts, independent contractor not an employee can be a pro and a con

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  5. 1.0
    Former Employee

    Most 5 star reviews are fake/paid for. Pyramid scheme. Stay away!!

    Jan 15, 2019 - Insurance Agent in Austin, TX
    Recommend
    CEO Approval
    Business Outlook

    Pros

    None. This is a pyramid scheme. Ignore the generic 5 star positive reviews they are fake

    Cons

    None. Scroll down and find real reviews like this one. This company is a pyramid scheme disguised as life insurance. But that is a by product the real business is to recruit people. They will try to get you to sell their terrible insurance to your friends and family and have you pay a $100 fee to take become a “licensed insurance agent” This company is a total joke I hope they get shut down by the BBB

    Continue reading
    28 people found this review helpful
  6. 1.0
    Former Employee, less than 1 year

    100% a pyramid scheme

    Feb 10, 2021 - Anonymous Employee in Miami, FL
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Nothing. You will barely make minimum wage.

    Cons

    a pyramid scheme designed to prey on young people.

    Continue reading
    4 people found this review helpful
  7. 1.0
    Former Employee

    Sales

    Oct 31, 2017 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Might be able to make a lot of money if you can convince many of your friends to join the pyramid scheme.

    Cons

    IT'S A PYRAMID SCHEME!! You can't even earn your own commissions on auto and home insurance unless you bring 1 person on under you. The manager of the branch will brag about how much money he makes every year to entice you to join and they try to get you to drop $125 on your first day before walking out the door. If you do fall prey to the sales pitch and change your mind later, they will only refund half of your payment. I had to dispute the charges with my credit card company to get them back. Look at reviews off GlassDoor and see many people with the same experience.

    46 people found this review helpful
  8. 3.0
    Current Employee

    A Company where you must work to get somewhere.

    Apr 30, 2014 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great business opportunity. Constantly learning about finances and the way money works. Great motivators and speakers (I went to a convention)

    Cons

    As much as it is said that it does not work as a pyramid scheme in a way it does because the man on top is the one that continues to grow. But all networking typed companies are like this. Prospecting and Recruiting and selling is necessary to grow in the company.

    2 people found this review helpful
  9. 5.0
    Current Employee, more than 5 years

    Life Changing!

    Dec 19, 2017 - Regional Leader in New York, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Learn about all aspects of money management through work and as you earn. State and federal licensing paid for by company. Series 6,63,26,65 and life license. Run your business as independent contractor 1099 but with support of home office. Rewarding career helping people grow in their personal and professional career. This is not a Pyramid scheme it is a broker agency model were agents you train help people with their finances and the trainer gets paid too. Banking, insurance, health insurance, real estate operate the same. I get emails all day from other finacial companies trying to invite me to work with them.

    Cons

    Having to rescue our amazing company from close minded people. Being that it's an open opportunity pending that the applicant doesn't have a criminal background, many people come in with job mentality thinking it's easy money, it is a business if you work uber and don't drive you don't get paid. They don't get licensed don't work at all and then blame company for their laziness. Only negative is having to talk of out business and due others tarnishing our name with non facts sometimes its a small battle. However once you see how powerful it is what we do that won't matter.

    3 people found this review helpful
  10. 5.0
    Former Employee, less than 1 year

    All of these reviews are fake it isn’t a pyramid

    May 14, 2018 - Financial Advisor in Silver Spring, MD
    Recommend
    CEO Approval
    Business Outlook

    Pros

    There is no way it is a pyramid scheme because you don’t get paid for getting people to join rather than helping families. You make money by insuring families that everything will be fine in events of a tragic situation or accident. You can make as much as 5.5 million dollars doing this.

    Cons

    There really is no down side the only con is the bad name that the company gets from people who don’t know about the business talking bad about it.

    Continue reading
    5 people found this review helpful
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