If you own it why don’t you:

Open YOUR BUSINESS location anywhere you want at any level including below RVP?
Why can’t you sell YOUR BUSINESS to anyone other than people in the company?
Why is it that you cannot add any carriers or other services to YOUR BUSINESS?
Why is it that your logo has been chaged three times without your permission needed and your are forced to comply with that logo for YOUR BUSINESS?
Why must YOUR BUSINESS have products dictated to you?
Why can’t you add Disability Income to YOUR BUSINESS despite the opinion of the corporation?
Why is YOUR BUSINESS for sale without your approval or agreement?
You do know the real owner is officially selling that PFS unit as reported in several news outlets already and that it has been valued at a mere 7 billion!
So much for the guy claiming to be the heart and soul of Citi. 7 Billion is a bargain price.
Kind of like “I have an old car I want to get rid of” price.

What kind of business is this you own where a corporation tells you what to do, what to sell and forces you to network beyond a 50 mile radius?

You guys are not too bright. You keep talking all this junk about not having a boss and owning your business yet you have a boss. Yes, if a corporation tells you what you can and cannot do that is practically your boss and you don’t own jack there.
You guys don’t know what ownership is to begin with.

Sorry, but I just see a bunch of contradictions in everything you guys say and apparently even though everyone knows that ship is sinking you are all excited and in denial.

If you want to make money, you need to work hard, regardless in which field you are working.

Just so you know, I just started my new job as a financial planner and I am already making the same thing (if it’s not more) than the person I know that has been working at Primerica for the past 4 years.

You think he is not working? man! he is working like there is no tomorrow and he is going to be VP within the next year. The result? he is making a decent income as an individual but this is a shitty income as a VP in “the corporate world”.

Both arguments being made are self-serving, yet share a common denominator: Both parties are mis-informed.

I would not single either party out but, assumedly, you know who you are and if you e-mail me at: MaguirePhD@comcast.net, I will point you in the direction of information to make your argument more sound.

Again, best of success to all.

Respectfully,

Fran Maguire

The mantra of : ” We are the only company out there taking care of mddle income America. ” …is but hollow words.

Anyone can go online today and find 1100 companies with cheaper term than Primerica because they are not paying 11 generations down.

For many of the old timers of 20 years (and it still may be the same, although, I can not attest to that), their money was made at fast-start schools.

They would block at 400 rooms, then sell them to the downline at double he price but for cash. They would put all the room charges on a credit card as a business expense.

They also collected $5 at the door both days of the school to pay for the big ballroom.

Well, when you take 400 rooms…the hotel gives you the ballroom.

What they were doing was fleecing their people in concert without outright tax evasion by not reporting the room reimbursement cash.

This is why they were doing a fast start school every 6 weeks, as the skim was close to $20,000 a school.

I KNOW HOW IT WORKED BECAQUSE I GREW UP WITH THE FELLOW WHO STARTED IT, JOE ENSOR.

Unfortnately, my friend of 40 years passed away at the young age of 58 which was too young for such a lovable rascal.

I recall vividly when we were having lunch on the New York City watefront and I asked him if he was worried aboutg getting caught. His response was somewhat comical when he said: : ” Who would blow the whistle? These people are so stupid all I have to do is give them some $2 -shirt, a title and tell them they are getting promoted. ”

Primerica has had to change their ” complexional ” image and it refelcts n the new salesorce.

Best of success to anyone in it …but it is a dying entity.

Fran Maguire

I don’t know about the US, but in Canada, every single insurance company has term insurance product so Primerica is definitely not inventing the wheel here. In Canada, you could sell all kind of life insurance (whole life and term life) and make much more commission with Manulife, Maritime Life, London Life, Great West life, Clarica, Sun Life and so on. They ALL offer term life insurance and they offer bigger commission structures.

The only difference with Primerica is that they offer the MLM structure where you make a cut on your recruits. I have written several post on this company and nobody opposed my point: the best way of making Primerica is the following:
- Recuit a guy
- Make 5 - 10 first sell with his closed friends and relatives (easy referral)
- Earn full commission on those as he is on “training”
- Once “trained”, make this guy recruit another guy and do the same thing so you can earn a quick buck on the first 5-10 sell.
- And so on and on….

Am I wrong or what?

While every company will always have people rooting against it, what upsets me is the talk about Life Insurance by persons who a) don’t know the market, b) think that because they know a few “big words” have a right to discuss the market and c) have never taken a State course on the market.

Why did I mention a course or class, etc? Because the State books on Life Insurance and Variable Annuity will scare the crap out of you. There are so many more loop holes with Whole Life than Term life no matter which way you stuff it. Some of the Cash Values ARE taxed and you end up getting none or very little of what, by law, is YOURS.

Call me a sucker, but I’d prefer to put the rest of MY hard earned money into investments than have it sit in a pot that Whole Insurance companies use to pay for their services.

As for a pyramid scheme, isn’t everything? As for the hard work - do you expect to get something for nothing? Hmm… let’s ponder that, shall we?

So tell me, what is the maximum issue age for your term policies?

Why are Primerica 35 year term policies only guaranteed for 20 years?

Why is Return of Premium Term a fast growing market segment in life insurance?

What about grandparents wanting to leave a tax free death benefit to their heirs?

What about the great Term websites out there that will get you a cheaper policy by a higher rated company?

Why do you sell MetLife Variable Annuities? Genworth Long Term Care? Why can’t Primerica develop their own products in these lines?

Why focus the attack on whole life insurance? Some life insurance policies now even index to the S&P 500.

Your turn zombies, eat my brains…