![]() ![]() From January 1 through December 31, 2013, Primerica paid a total of $536,506,140 in compensation to its sales force, at an average of $5,614 per life licensed representative…” – Primerica Most RVPs/representatives do not achieve the levels illustrated. …there is no guarantee that you will achieve any specific cash flow level. They explain how you eventually will have the ability to leave your job in which they explain stands for ‘just over broke’ and become your own boss so you have the freedom to travel and spend more time with your family.īut in reality, they stay in business by taking advantage of undereducated and low-income people. I have been to their meetings before and they have a way of convincing people that this is the best opportunity ever, that just by making a few sales per day and attaining just a few customers on a part-time basis, within a year or two you could be earning a six figure income and can spend your days playing golf and still be earning money. After they have gone through them, they are told to approach strangers, also known as their ‘cold market’ when they’re out and about. Representatives are told to pitch their ‘warm market’ because they are more likely to become a customer. The company employs an 11-tier upside system in which they get a fraction of the commissions from their down1ine down to the 11th level. Primerica representatives are independent contractors that solely get paid minute commissions through the sale of any of these financial products with some of the profits passed up to their upline. They are given a script that will be used to persuade their friends and family to meet up with them and their upline for a presentation to turn them into customers. Reps are then required to take a brief class to become life insurance licensed and are told that their fee will be reimbursed. Representatives put a strong emphasis on this as opposed to finding their own customers. Once you’re ‘hired,’ you are told to write a list of your ‘warm market’ that consists of your friends and family so you can immediately start recruiting them which can then duplicate the process. To become a Primerica representative, you have to pay an IBA fee of $103.95 that includes sales taxes and you’re also encouraged to pay $28 per month for Primerica online. ![]() On April 1, 2010, Primerica left Citigroup, its former corporate parent company. The business opportunity includes the sale of term life insurance, auto and home insurance, mutual funds, variable annuities and pre-paid legal services. They will deny it, but it’s your traditional multilevel marketing company and distributor of financial products to middle income families in North America. Weigh the positive and negative stuff you - more.Based out of Duluth, GA, Primerica is the trade name for Primerica Financial Services, Inc. If you left the company you get to take your licenses and apply to a typical job and start with a decent salary (If all you want is a decent salary). You just pay your background check and your online business tool that helps you run everything remote. #Primerica online full#The difference with Primerica is you are getting sponsored to get up to 6 licenses without having to come up with the full cost on your own. #Primerica online professional#But the questions really is do you know exactly what it is we do? Because if you really took the time to understand what Primerica does, and you had a great trainer or RVP you should want us to talk to your friends and family.īecause it costs money to get any professional license. So it seems sketchy when you have excited new recruits trying to recruit people with an agenda to just make money or sell a product.ĭo I have to sell to my friends and family? But the problem with that is a new agent does not know the proper way to go about the Primerica system. Yes, the biggest problem you’ll have is new agents trying to explain Primerica to friends and families with the hope of recruiting them and gaining overrides. No, it is a mix between corporate (home office regulations and SEC standards must be followed), real estate broker/agent system and multi level marketing. ![]() But just to hit on the obvious negatives so that I can provide answers for those who are looking for negatives. A company like Primerica has many positives to it I dont know where to begin. ![]()
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