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In Reply to: Primerica - Not sure what this is????? posted by RTF on March 13, 2005 at 22:08:53:
: My wife and I just had a meeting with some folks from Primerica tonight. The people were really nice; however, the concept seems fuzzy. Can anyone help me out with a clear picture of what the company does? I'm a little skeptical, but the linkage to CitiCorp seems credible.
Primerica(PFS) is a network marketing company that sells insurance and mutual funds. If you get involved, you will have to get licensed to sell insurance and mutual funds in your state.
You will be asked to give a list of all your friends and relatives to your "trainer". He will set appointments with them and do business with some of them and earn a commission. you will get paid $200 when your trainer sees 6 of the people whose names you gave him.
After you get your license, you will be expected to recruit a bunch of people and get a list of names from them. Then you will be the trainer and do business with the people your recruit takes you to see. You will earn a commission and pay your recruit $200 after you see 6 of the people on the list he gave you. ETC ETC ETC
That is how the PFS business works. The fact that Citigroup owns PFS is a red herring. If you want to research the financial strength of a company then research that of Primerica itself. Citigroup is not responsible for the business obligations of PFS.