|
|
 |
 |
 |
 |
 |
In Reply to: Re: Primerica - Not sure what this is????? posted by Cullen on March 15, 2005 at 09:33:42:
: : 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.
Cullen,
Pretty much what I thought. It doesn't surprise me that Citigroup is a red herring in all this. I'll look into PFS further, but I don't have a lot of interest at this point.
Thanks