The Internet is their downfall because people can find 600 companies with a less costly term policy.

They pay 13 levels down in commission structure and a company selling term online pays ZERO commissions. Thus, they deliver a cheaper product.

The same is happening to Allstate, as people buy car insurance from Geico and Progressive. Neither the lizard or Flo receive a commission.

Allstate is systematically terminating their sales force, acquiring their book of business and will run it from a call center in Northbrook, Illinois. They also just spent $1billion to buy e-surance.com.

They are down from 14,000 agents in 2008 to 9,100. By 2015 they will all be gone and State Farm is in the same quandary.

And when Primerica institutes their e-surance platform and people buy online, with zero commission payout, why would they want to keep agents for?

Primerica to continue needs to cut the cost of their product to compete with the online companies.

And they only way to compete is have a no commission product.

But most of the Primerica people will follow blindly along because someone in the company told them they will never be terminated.

ALL of their mutual funds are load funds. So much for helping middle America. People that are duped into buying Primerica products could buy term life for much less with other companies through non-captive agents and the hundreds less per yer could then be put into mutual funds with lower fees and this could potentially mean tens of thousand of dollars or even hundreds of thousands more for the client in the long run.

And for those of you that think its actually owning your own business, just check the fine print in the IBA supplement and the advertising handbook. You don’t even own your book of business and there is a 2 year non competition clause if you decide to go independent. You cannot have your own independent website because the company wants to control all content.

For anyone considering a career in finance, go independent. There, you truly own your own book of business, can shop round and you can always recruit other agents to get the overrides without your prospective recruits thinking its a pyramid scheme like most of the population today thinks of Primerica.

they take your application fee and want you to call your friends and family and they get paid if anyone buys since you re not even licensed yet. Then, they give you no training on finding clients beyond your closest friends because they know most people will quit and all they care about is milking you for referals by feeding you with the non-sense of becoming wealthy through the company.

recruiting is nearly impossible because unlike 30 years ago, people find out from the internet that its just an MLM company and you won’t make money unless your at the top.

Its interesting that they tell you to avoid telling your friends and family the name of the company until your face-to-face in an interview. This goes to show how bad the company is perceived and they depend on brainwashing people because the truth gets out fast in the information age.

The people at the top of the pyramid make money but if your not there now, you will never be.

click on the link and see how Primerica compares to the other top 68 companies that use network marketing:

http://www.directsellingnews.com/index.php/site/entries_archive_display/the_100_million_club

Primerica is ranked #6 in terms of Wholesale Corporate Revenue. However, if you divide the wholesale corporate revenue number by the number of disbributors, that’s $22,000 per distributor for Primerica ($2.2 billion divided by 100,000 distributors).

Try comparing that number to all the others. Avon, for example, which is #1 in terms of Wholesale Corporate Revenue has $1845 per distributor. A distributor is someone who sells the product or service. The point that’s being made is the high money making potential for an individual in Primerica compared to the other companies.

If you dislike Primerica for whatever reason and live in Canada, you may want to outright refuse Canada Pension Plan (CPP) benefits at retirement. CPP is one of the top 10 holders in Primerica stock with over $25 million in shares. You may not be able to handle the thought of receiving income that’s partially linked to Primerica profit. Click on:
http://www.dailyfinance.com/company/primerica-inc-common-stock/pri/nys/institutional-ownership

someone thinks:

I need to do my research on Primerica to make sure itâ??s ok, legitimate, fulfill my curiosity, etc. But how?

Should I just type Primerica into google? Letâ??s see what comes up.. 1. good, 2. good, 3. good, 4. good, 5. good, 6. Is Primerica a scam? â?? Techvibes.com

and think â??OH MY GOD! The s*** word thatâ??s obviously the end all and be all! Letâ??s believe it and run with it! Hey, do you (friends, family, professors, and professional people in the industry) know that I discovered that Primerica is a s*** from my research today? Iâ??m out!â??,

OR

Should I try something like:

http://www.dailyfinance.com/company/primerica-inc-common-stock/pri/nys/institutional-ownership (Primerica is listed on the New York Stock Exchange with CPP (Canada Pension Plan) as one of the top holders),
http://www.bbb.org/ottawa/business-reviews/financial-services/primerica-financial-services-in-nepean-on-5137?code (Accredited with the BBB with an A+ rating),
http://www.investmentexecutive.com/client/en/News/DetailNews.asp?id=57201&pg=1&IdSection=22&IdPub=209 (Primerica is number 1 amongst its peers!),
http://www.thefreelibrary.com/A.M.+Best+Assig%20â?¦%20fâ?¦-a088999923 (an A+ rating from the A.M. Best Co.),
http://www.pr-inside.com/primerica-completes-national-ethics-qualification-r1797274.htm (Primerica completes the National Ethics Qualification with the Insurance Marketplace Standards Association)
http://www.thestreet.com/story/10503052/1/the â?¦ -companies.html (among the top 22 strongest life insurance companies),
etc., etc., etc.,

and think â??if itâ??s a scam, itâ??s seems to be the most wholesome one? Hmmmâ?¦. a scam thatâ??s totally legal, pays well if you do the right work, and distributes good wholesome financial products (about 6,000,000 clients so far)? Thereâ??s really nothing to hold me back now, other than my fears and personal disbeliefs, is there?â??.

Truth be told. If you have negative attitudes towards non-mainstream opportunities, doubts that you can do this, and fear failure or what others will think of you, youâ??ll gravitate to the first research (?) method as youâ??re looking for convenient justification.

If you are doing actual â??researchâ?? and arenâ??t lazy about it, the 2nd method is your choice.

I donâ??t feel that thereâ??s anything wrong with having fears, self doubts, skepticism, and some negativity. We all do. Iâ??m just saying that your research method says a lot about your honesty with yourself.

Let’s try a Q & A from someone who just wants to tell it like it is.

I’ve been with Primerica for over 3 years. For all people who are ‘writing’ something that’s negative and at least partially falsified on the internet, thank you. If one of my prospects were to read your anonymous (fake name or no name) source stuff and allow that to negatively influence their decision, I wouldn’t want them as a client or recruit anyway. In other words, thank you for inventing a necessary filter. For people ‘reading’ that stuff, try not to use negative blogs and comments (before the internet was invented, I believe that stuff was known as ‘common gossip’) as convenient justification for deciding against it when there’s at least one underlying concern (the true reason) that you have about the company.

Question: Is Primerica a pyramid scheme?
Answer: no
Pyramid companies are illegal. All of them. Pyramids do not trade on the New York Stock Exchange. Here’s just one link listing the companies that are investing in us. One of the companies/organizations is CPP (Canada Pension Plan). Do you know that you will probably be receiving payment one day from an organization that partially earns its money by investing in a so called pyramid scheme? If you won’t try Primerica, you may be able to thrive a different way. Go to those companies including CPP and make them aware that this is a pyramid scheme or just a plain sketchy company. They may put you on a pedestal for informing them of something that they were unable to discover on their own. For example, “Wow. With all the thorough and extensive research that we did including hiring a team of lawyers to check the company inside and out, all we had to do was type Primerica into Google?!”.
http://www.dailyfinance.com/company/primerica-inc-common-stock/pri/nys/institutional-ownership (not a blogging site)

Question: Does Primerica have a Network Marketing component?
Answer: absolutely

Question: What are the consequences of Primerica using a network marketing setup?
Answer: approximately 6,000,000 clients who own a good, wholesome Primerica product(s), just to mention one positive achievement, and several negative and falsified comments. If you don’t believe yet that our products are good and wholesome, find out. Example: ask our clients.

Question: Why is there negativity on Primerica?
Answer (most common): Is Primerica a non-mainstream company? Answer: Yes. ‘Non-mainstream’ can be like a playground for skeptics and naysayers, can’t it? Analogy: If you stick your head high enough above the crowd, you’re going to have certain people throwing rotten tomatoes and cabbage at your face, won’t you?

Question: Who are the negative and/or falsified comments contributors?
Answer:
1. Competitors in disguise. Like Coca-cola doesn’t say nice things about Pepsi, Microsoft throws dirt at Apple, Air Canada tries to put Westjet out of business, etc.

2. People who join Primerica, don’t pull their weight or do the right things, fail out as a result, and always like to believe that it wasn’t their fault. It would be like getting a membership at a gym, showing up regularly, and doing ‘whatever’ while you were there, and feeling like you fully fulfilled your role for getting fit the way you want to get fit. Then you write a blog on the internet stating that the gym sucks and the gym is a scam because your body looks the way that it does. Try convincing people at the gym who are in great shape that you failed because of the gym system itself (i.e. the equipment could’ve been better, the equipment could’ve been arranged differently, the woman working at the front counter had bad people skills, the air conditioning wasn’t the best, they could’ve phoned to motivate me when I didn’t show up, …).

3) Skeptics and naysayers as described above. They’re entitled.

4) Less common than the first 3, but someone who actually does have a valid complaint or criticism. Are they’re dumb people in Primerica? Answer: Yes. There’s dumb people in everything. We apologize if you came across a bad apple. We try to filter out people like that quickly but unfortunately there’s no instrument to detect that up front for all of them. If Joe Blow was the bad apple, I would like to apologize for him. Of course, I’m not Joe Blow. I’m not Primerica. I’m Kevin Larson.

Question: I understand that negative comments on the internet can be bogus but there seems to be a lot of it for this company. How do you explain many people having the same lie/exaggeration?
Answer: So there’s a lot negative comments? Did it start that way? For example, if you were to write a comment on the internet (positive or negative) about Primerica and you saw 2, 3, or 5 negative comments that were already there, would it be easier to write something positive or negative? It just takes a few to start a ‘follow the leader’ game, doesn’t it?
Let’s say I were to write 2 comments as blogs on the internet about you or your company. One comment is totally positive and totally factual. The other comment is totally negative and totally falsified. Which of the 2 would I have an easier time getting away with? That’s right, ‘equal’ as long as the negative comment doesn’t have grounds for a lawsuit. If Giavano Apostolopoulos were to write a comment about Primerica, wouldn’t you also want to google: Giavano Apostolopoulos? Oh right, you can’t. It’s conveniently an anonymous source (fake name or no name). You may also want to google something like: accuracy of internet blogs. How would a professor react when you tell him that your research paper sourced internet blogs only? Are you laughing with me right now?

Question: Does Primerica have shortcomings?
Answer: Of course. Find me a company to work for/with that’s without shortcomings and you might just be able to recruit me out of Primerica. There’s thorns on every rose. Thanks to the founder of the company among other people, the potential shortcomings, that could exist in any company, have been minimized.

Let’s do a google exercise right now.

Google: “primerica scam”
Result: 20,100 results (in small print below the Search bar)

Google: “microsoft scam”
Result: 29,800 results

Google: “coca-cola scam”
Result: 37,900 results

Google: “royal bank scam”
Result: 56,900 results

Of course, the numbers shown can fluctuate but that’s exactly what I got after doing the exercise on April 10, 2011.

Google: most evil corporations
Click on the ‘The 14 Most Evil Corporations (according to Global Exchange)’ link. Chevron, Coca-Cola, Ford Motor Company, etc., qualify. Primerica is an amateur then.

If you have comments or criticisms, let me know: kevinlarson45@yahoo.com. Please don’t send me an email just to vent and feel like you’re right. I’m looking to have a productive conversation where I may be able to show you where you may have misunderstood and vice versa.

Go check out the price of term on line. You may find something cheaper. One can always find something cheaper online. But remember the saying you get what you pay for.

While comparing the price compare what happens when the term ends. Can you convert it? Yes you can convert it to Whole Life, Universal Life, Variable UL or a host of other Cash value policies. Which also entails a premium increase. Or you can invest into another term policy and go through the medical and and see if you can qualify again.

Then compare Primerica and get a term policy which when it ends, converts to a new term policy if you still need it and you don’t even need to re-qualify, Renewal rate will increase because of age but all life will do that and Primerica will be significantly cheaper. If you don’t this, get a renewal quote from any insurance agent, if they will give you one and then ask a Primerica agent, which will give you a quote in a heartbeat.

Now that you have all the information compare it. Then decide which is more important cheap or quality.

Now as far as waiting to start your program thinking of your family first God forbid what if something happens? If you feel the need for the coverage why not just go ahead with it? Unless there’s been a change I didn’t know RVP’s allowed new people to submit a policy on them self.

Feel free to post your age, face amount and term length, rate class and if your in the US or Canada..I’m sure someone will step up and offer suggestions.