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In Reply to: Re: Re: Re: Re: Re: Answers posted by Mislead by PFS on September 21, 2001 at 21:21:49:
: OK, PFS has approximately 100,000 reps & you're saying that 98% of them are lazy. What does that say about PFS for recruiting them? NOT MUCH!
: "Primerica gets them out of debt at a specific date and their financial needs and insurance needs are satisfied." Post proof! In almost 6 years, I NEVER saw anyone's clients stick with the so-called "plan" in the FNA. NOT ONE!! Why? They realized it was not a plan just like the Primerica website states! If only you PFA's could realize that too!
: To answer your question of "Can any other mortgage company do that?", Yes! Almost EVERY mortgage company can do EXACTLY what PFS does only with better rates, no upfront fees & no pre-payment penalties!! Answer me this. How does HIGH interest rates, upfront fees & pre-payment penalties NOT hurt someone? What? You can't answer that because they do hurt? Yea, thought so!
: I'll have to give you credit on realizing that you are involved directly with the largest bank in the world. The problem is, you think that's a good thing. In reality, if you look at the numbers, Citibank is responsible for 17% of America's consumer debt! That is a VERY disproportionate amount for one bank. See this is another problem with you PFSers, you brag about Citigroup ONLY when it suits your purposes! When facts like this are brought up, you put as much distance between PFS & Citigroup as possible! You can't have it both ways!
: Here's some more questions for you if you dare to answer them.
: If Cash Value insurance is so bad, why does Primerica WHOLLY own NBL which makes MILLIONS each year from the sale of CV products?
: Why does Primerica refer business to the KNOWN predatory lenders Citifinancial/The Associates?
: Why is Primerica's term insurance among the highest priced in the industry?
: I could go on, but that's probably enough for you to ponder for know.
: Good luck trying to justify your answers!
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: : : That is not true. The bottom 98%, if you should speculate, are probably not turning a profit because they are not willing to work. They try to get their recruits to do all the work for them. If the leader does not work, how in the hell will any of your recuits work. I am taking advantage of the low market. Many people do not have any money to spend, fear of losing their jobs, and simply are in need of some help. Primerica does not put people into debt, Primerica gets them out of debt at a specific date and their financial needs and insurance needs are satisfied. Period. Can any other mortgage company do that? Primerica is a ALL AROUND company that helps people not hurts them. What do PFS agents have to worry about, Primerica is involved directly with the largest bank in the world, I researched this! Yes, you may call this a MLM because we get compensated for training our agents. Some comments on this site sound of jelousy. If yoou want to help the nation's economy, become a Primerica agent. Other mortgage companies out there are going to hurt, and it may be you show up with no work. Remember, the market now sucks and in turn higher rates roar in addition to people who are now jobless. Who wants to put themselves into more debt and ballon payments in the year infinity. When you run a FNA on you current situation, you will have your future of what it will be at your current situation and what it will be following an ALL AROUND plan of action called PRIMERICA! DUH! Oh yeah, PFS agents have to go through the rigors and fees from insurance testing and licenses. You also complain on higher rates for mortgages. Well, sometimes higher rates does not really matter. It is how the money is applied, that is what matters. America is so obsessed with lower rates and stringing their payments out to infinity, that is what gets you a debt freedom day of INFINITY. When money is applied correctly and some placed in GREAT positions, then debt freedom is defined. I plan to retire at age 35 or sooner. You may say, WHATEVER. I won't debate because this is my life and I will live it how I want to. That the catch, I WANT TO LIVE. That is the reason I am on this mission to help those in need of help. I bring the power of PRIMERICA on the doorstep of those who need help. Thank You.
:: I am very happy for your response. Im not to happy about debating items to death, but I do enjoy Q & A. To defend my statment of PFS recruits, I went on your speculation. I do not know the statisics of PFS agent success. Could it be 98% not making it, I don't know. Again, I went on your speculation or truth. To defend the next comment, I know what Primerica does for people. I assume you have proof that people do not follow the Primerica plan. Right? You have interviewed and discussed individual plans with clients who are following the plan. Right? Who is going to share the paln with anyone who asks. I sure would not do that. You may be basing your answer on testimony of two or so people. Primerica does not only help people but it gives them a chance to become responsible for their debt instead of turning to bankruptcy. If these people who do not follow the plan most likely are not responsible enough to foolow a proven and workable plan or use the plan as a means to free up more money thus diving into debt again. It happens. We offer a great plan but when it is abused as an advantage to free up more money for more debt, then that's the price. A second chance vs. more debt.
Higher rates, lower rates. What's the difference. It is how the money is applied. Lower rates can definitely damage a persons finacial status if they can't keep up for the addition of years they are in debt. Again, most Americans believe lower rates are the best because they are fed with this all their lives. Rates do flux up and down, Primerica has competive rates. Nevertheless, good and bad rates, it is how the money is applied FOR THE CLIENT, NOT THE MORTGAGE COMPANY. Primerica has NO overhead cost, advertising campaigns, 401K palns for employees, etc.
Yes, Citibank is a large company that is responsible for debt. You must remember that Primerica is a central point of major financial institutions. They say it is a "HUB" for these facilities. I have recieved credit card offers from Citibank before. I have also owned creadit cards from them before. They are ALL paid in full and I accepted responsibilty and stayed away from credit cards. It is not that I'm responsible to carry any more credit cards, I just do not enjoy paying $3.00 for a $1.00 purchase. I carry a DEBIT CARD. Mortgage companies do include hidden langauge, balloon payments, etc that in turn hurts the person in the very end. What do you have to woory about. You collected your commission. I hear of numerous stories of people who thought they are finished paying their homes in X years, but were wrong. The mortgage included item mentioned before.
Cash value insurance insurance is not bad. You obviously know the insurance products available in the industry. Primerica PFS agents only deal in term insurance. I do not know the truth of Primerica affiliated with NBL. NBL does business how they do business. I have to go on your word. It may be possible true. If someone seriously wants Cv insurance, then we will seriously get it for them. CV products do not follow the plan. But Americans have their right to light the fuse and see what happens. Again, Primerica is a central point of many major companies, thus it very possible there is affiliation with NBL. Term insurance is not all that bad as such as CV products. Factors that you must consider, of course, is the underwritng requirements, langauge of individual contracts, riders, etc. You can not tell me that Primerica insurance is the highest in the industry. You can say in some instances term insurance may be higher because of the high death benefits. Any type of insurance may be high considering the factors mentioned above. Term insurance offers a higher death benefit thus may be slightly higher. Again, any insurance rate is based on any addition to tthe individual contract, langauge of contract, and underwriting requirements. YOU SHOULD KNOW THAT! Did you pass your exam!
Primerica most likely refers business to Citibank. Again, Primerica is the central point of major companies including Citibank. Affiliation, of course, does exists. Primerica is just like all businesses, thy have to make money. Many credit card and lender comapnies affiliated with Primerica do business how they do business. It is fair to say that additional debt for a consumer may happen. It is called responsibilty. The consumer knows what they are going to get into. They also know the CONVENIENCE of carrying credit cards and getting loans. Individuals we can help, but small businesses PFS agents can not.
You must consider RESPONSIBILITY vs. CONVENIENCE. As you know, more convenience costs more. Thus the question is, are you responsible to keep up with your promise to pay back. In addition, lenders and such have overhead costs, employee salary, advertisement campaigns, etc. No wonder for their predatory methods. Primerica agents come in to help the people who are succomed in debt. Priemrica helps people and compensates the agents for doing this. I plan to open a real estate agency in the next year which I will include everything Primerica offers, plus some. Guess what, I become the central point of major comapnaies within a town with Primerica on my side. Beware we are recuiting and could move into your town.