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In Reply to: Re: Re: Primerica - Not sure what this is????? posted by RTF on March 15, 2005 at 22:28:29:
I don't know much about Primerica except that one of its agents has been so pusy about working for them, buying lifeinsurance, mortage etc. I signed a bunch of paperwork, gave Josh Johnson (the agent)a check for $51.50 and signed over $199 thru my VISA for the training. The next day, he asked for another check! So, I told him to cancel everything because I didn't trust him anymore. I repeated myself 3 times! Finally, the only thing I could do was hang up the phone. The life insurance arm of Primerica refunded my money immediately. However, I'm still fighting with Primerica and my VISA card to get my $199 back. I'm now looking into local insurance agents that live here in town, have a real office, and have been working here for at least ten years.
: : : 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