Vancouver Forum: Primerica's Training Program???

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Is this what they disguise themselves as when they email you after seeing your resume?

Hello, 

 

My name is *******.  I am the Hiring Manager for AIL and Altig International’s Burnaby office.  I am writing to you regarding your resume, which was forwarded to me and I have a few questions.

 

Please let me know the best number and time to reach you or call me at *******. I look forward to hearing from you!

 

*******
AIL/Altig International
5945 Kathleen Ave.
Burnaby, BC V5H 4J7
(604) 439-2464 ext. 112
www.altig.com

I've been researching Primerica for the last couple of weeks, and I have one major issue.  I'm new to the Vancouver area, and I know NO ONE.

I could think of ONE person who I could possibly use as a training appt, and she and her husband are already involved with the company.  My 'warm market' is cold.

I just don't know what to do.  If I were sure I had the client base to start with, even for just training appointments, I'd go for it, whole-heartedly.

That is the ONLY misgiving I have about this company, the 'people pyramid'.

I've been to two opportunity meetings now, and no one's ever played it like the people in the audience aren't reps, in fact, both times, the new people have been welcomed, and told up front that most everyone there is there every week.

My recruiter and I have so much in common, I feel like we could really be friends, but if I pass up this opportunity due to a lack of a warm market, will she turn her back on me?  I just don't know...

JOB SEEKERS

J UST
O   VER
B   ROKE

Good luck

if this is such a  great company why do they have telemarketers script reading to you about finding your resume online and almost making you book an apt with them?

Went to an "interview" years ago, Hell and gone north of Toronto in a shabby lowrise.

Every criticism here is legit.

When they busted out the decrepid photo album for me and asked me if I 'wanted to be rich, successful in life, like these people here...' I rolled up my sleeves, rolled my eyes and demanded my subway fare back.

Since, they have called me at least once a month, via my online resumes (monster, workopolis, craigslist).

They've called me three times this month.

I've begged them not to, put caveats on my resumes telling them not to call, etc. I forward it to the local and federal fraud squads.

I'm going insane. I literally get woozy with anger when they call now.

I don't deserve this.

This is a cult, a menace.

Any followers of this have authority and reality issues.

I'm spitting mad and screaming at them only does so much (they're so dim-witted in inarticulate).

What can I do to stop them from calling and emailing me?

(Other than stop posting my resume or losing my shit altogether on them, going postal)?

I have been in this company for alittle over a year now and I am proud to be apart of this! I work with a GREAT NSD and an AMAZING SNSD. For those who work in Primerica would probably know the NSD from LI that I am talking about. I was trained by my RVP and the first person I helped was my uncle and he has been supporting me ever since I helped him say saving him and his family over $700 a month!!! Not to mention that when I was having trouble I knew I had someone who was more experienced than I am to help me along the way. The only thing I can suggest to people and to those who are just saying something and not taking a look at this company, from a professional point of view, 1) Ask people who were help by a Primerica agent what they think 2)People who were in it longer than 3 months and did something got licensed did business what they tought of it 3) And just when you get that "annoying" phone from someone from Primerica do me the favor just go!!! That way you get them to stop calling and you get a good idea what we are about and if you still don't like it then tell them I am not interested loose my number don't call me end of story. At least listen to them and hear them out. We have too many success stories to say that it scam.

ok, scam is not a good word. cult

i like primerica.  their inurance premiums are so high, as an insurance broker its easy for me to come in and replace the business with way cheaper rates.

Some advice for anyone who's thinking of entering the insurance world.  Its similar to real estate, the few who can make it, make a very very good living.  But, the majority of people leave the business early.

I myself am only 28, i've been in the business for 4 years now and its been great.  If you're gonna enter the insurance world, I suggest you become an insurance broker. You run your own business, you dont have to answer to anyone, and you make fantastic commissions on sales.

and you never have to worry about competing for price, because you deal with almost every insurance company in Canada

STOP THE ADS

yeah stop it

HAHAHAHAHAHAHAHAHAHAHAHA

Man all u ppl on this site made my day. My dad woke me up early cus my granma is going back the uk so i was in a bad mood i love my sleep. Anyways on the subject of primerica, i work for them so if anyone has anything to say about and really want to know how it really works speak to me. Also if its a scam its one that will make its clients much more financially stable and help me make more money, and i'm not saying thsi cus i have been paid to say it( it would be nice though to get paid for it) but i have seen it with my own eyes. Yes i had a big problem with primerica at first but then through so "OWN" research i found out it wasn't the company it was some of the ppl, so i left the pearsoni was with and joined someone else and know i can't complain.

So if anyone wants to really get and insite to the complany ask me, and also if u really think this is a scam after that then i will thank you cus u might have soved me money and time.

And yes i hate ppl who keep calling and don't tell the truth about wat we really do, cus there ain't nothing to hide.

Please forgive me for any spelling mistakes.

Thank you
Shivam

Contact me at shivampatel01@gmail.com

prime

Posted - 4/4/2006 2:31:39 PM ha ha primerica ia a great company........i have a family member in this business and they have an office and make tons of money.....so i see this first hand.........whatever ppl says bad about htis company is very very very wrong and closed minded...........

I have no doubt you make lots of money.  You ask people to marketing material.  You sell membership fees.  So yes, I know you makes lots of money by scamming people's money. 

Shivam

Posted - 12/13/2006 8:53:14 AM HAHAHAHAHAHAHAHAHAHAHAHA Man all u ppl on this site made my day. My dad woke me up early cus my granma is going back the uk so i was in a bad mood i love my sleep. Anyways on the subject of primerica, i work for them so if anyone has anything to say about and really want to know how it really works speak to me. Also if its a scam its one that will make its clients much more financially stable and help me make more money, and i'm not saying thsi cus i have been paid to say it( it would be nice though to get paid for it) but i have seen it with my own eyes. Yes i had a big problem with primerica at first but then through so "OWN" research i found out it wasn't the company it was some of the ppl, so i left the pearsoni was with and joined someone else and know i can't complain. So if anyone wants to really get and insite to the complany ask me, and also if u really think this is a scam after that then i will thank you cus u might have soved me money and time. And yes i hate ppl who keep calling and don't tell the truth about wat we really do, cus there ain't nothing to hide. Please forgive me for any spelling mistakes. Thank you Shivam Contact me at shivampatel01@gmail.com

Please make your money the legi way instead of making money on innocent people.

Prying wrote: "Is this what they disguise themselves as when they email you after seeing your resume? Hello, My name is *******.  I am the Hiring Manager for AIL and Altig International’s Burnaby office."

No AIL/Altig International, also known as American Income Life, isn't affiliated with Primerica but it appears to be a shady, shady company to work for. SAVE YOUR MONEY. DON'T DO IT. For more details on why you should stay away just read the threads called American Income Life Is A Scam and American Income Life Is A Fraud on www.scam.com.

NO, NO AND NO! NEVER WORK FOR ANY OF PRIMERICA'S COMPANIES.
ALL THEY WANT IS YOUR MONEY! IT'S A BUSINESS FOR THEM.

I was in the Primerica program for a few months, and after I forked over $212 for the insurance license test and failed, and realized how much bullshit they try to plant into your head about making money, I realized that it's just another pyramid scheme, they keep feeding you all sorts of positive reinforcement to keep you motivated, but in the end, unless you have alot of time and energy to invest then you are just wasting your time, seriously, anyone who is considering doing this, don't, STAY AWAY!

You guys are all idiots.  Just because you didn't work doesn't mean that Primerica doesn't work.  Primerica is a business just like all businesses the only difference is that Citigroup doesn't take advantage of people like most Financial institutions.  Thank god for Primerica.  This company is the only company that actually helped my get out of debt and is helping me retire.  I do not work for the company but everyone should sit down with a Primerica representative.  Other stuped companies will sell you Whole Life or an ARM mortgage or some crap like that.  I suggest EVERYONE sits down with someone from PRIMERICA

Just as a note to everyone, Primerica is a possible way to make money, interesting thing though, a good portion of the people who work in Primerica including some of the HIGHEST INCOME EARNERS PRIMERICA HAS EVER RECIEVED realize/(d) that unlike what Primerica says: There is a Cap to what you can earn because they don't change their stratagies to create opportunities for what people actually want... they use old stratagies that maybe at one time 30 years ago use to work but now are so out of date that they won't work ANY MORE as the world has changed around them and they won't bring themselves into the current times.... I mean lets face it look around you today and you will notice that there are likely more Citi Financial Offices and Smith Barney Financial Group and even Citi Group: Primerica's Bread and Butter NO LONGER BELIEVES IN PRIMERICA'S STRATAGIES FOR Creating Wealth anymore (Buy Term invest the Difference... Why not use a Universal Life Insurance Policy and save more money and Taxes??? Just a Thought!) Citi Group and Smith Barney AGREE WITH ME THAT IT WORKS BETTER SO WHY NOT TRY IT?

Susan

Posted - 12/24/2006 11:50:37 AM You guys are all idiots.  Just because you didn't work doesn't mean that Primerica doesn't work.  Primerica is a business just like all businesses the only difference is that Citigroup doesn't take advantage of people like most Financial institutions.  Thank god for Primerica.  This company is the only company that actually helped my get out of debt and is helping me retire.  I do not work for the company but everyone should sit down with a Primerica representative.  Other stuped companies will sell you Whole Life or an ARM mortgage or some crap like that.  I suggest EVERYONE sits down with someone from PRIMERICA

Noone should sit down with any Primerician.  Get an independent financial advisor who has real solutions from all "real" companies.  Primerica has shitty funds, and their insurance portfolio is pathetic - only term life, and it ain't cheap.  What about living benefits such as extended health/dental, disability, critical illness, and long term care insurance?  And what about permanent insurance for estate planning purposes?  Ask you Primerician about these areas you want help with and see what they offer as a solution - hint - they don't have any solutions to such issues.

Does anyone else notice that the replies by those who are defending Primerica are full of typos, grammatical errors, fallacies, generalizations, overly-defensive tactics and repeated jargon that they only seem to believe.

Primerica is a joke. Move on and find a real job!

typical slogans

"We're looking for the greedy; not the needy!"

"Jesus wants you to be rich - it's in the bible!"

"It is your God-given right to not be poor!"

Kramerica was started by a handsome man with a dream. And an intern. (But he didn't stay the whole semester.) The dream was to build a global empire--I'm going global, Jerry!--that would produce products in exchange for money. Our original product line, including "The Matusi", an oversized dresser that could sleep up to four Asian businessmen, was less than a success for the company. But we were not deterred.

  I came accross this by accident, but started reading some comments.

Here's the truth about Primerica.  I am probably the only person who can say that with credibility because I am a former Regional Vice President from Primerica, with 11 years experience.

I was making six figures with the company, had a base shop (a team of agents) won many contests, been to Hawaii last february on a Primerica incentive trip, etc.....

Without getting into all the details, I will say to anyone that even though I've had success with it, to a degree, and I got very valuable experience, I will say that STAY AWAY FROM PRIMERICA.

It'll suck you in, and you'll be grinding it out for years, listening to your NSD or RVP selling you the dream.  And there's nothing wrong with selling someone the dream, unless the Leadership of the company knows that you'll fail before you start.

Yes some people like me make it, but AT WHAT PRICE?  Nights away from my family, $$$ expenses for the office, training unmotivated idiots, (excuse my language) they can be fine people, except that they're lazy and looking for get rich quick schemes, and you need to pour your life into those DUDs, to maybe find the ONE that will take you to the promise land.

Even though I've made money, and have lots of clients, PRIMERICA IS FULL OF FLAWS.

RVP's are leaving as we speak, nobody talks about it, but they do.  I know.  Why would I or they leave?

Well let's just say that one day you WAKE UP to the reality that you're chasing a pipe dream.

There are WAY better products you can sell.  The system of overriding agents and building a business is good, but you can't build a quality business within Financial Services by recruiting masses and throwing them against the wall.

Yes they do, throw them against the wall.  If you're a PFS rep reading this, don't get mad, it's true.  A million dollar earner in Primerica I know very well, won't mention his name, told me, that the bottom line to making a lot of money in Primerica, is that every person you recruit in your organization, will be worth 3 sales to you. 

OUCH. 

What happen to helping people.  What happenned to quality advice.  You think Primerica's Financial Needs Analysis is good.  It's a good beginning, but it's primitive.

Smart Loans, that's a joke.  I've personally closed over $2 Million one year, and I thought I was helping people, NOT.  Primerica reps, including me when I was there, know NOTHING about mortgages. ZERO, ZIP, NOTHING. 

Don't get mad if you're a Primerica rep.

There's much cheaper and better term, like 50% cheaper.  Oh I know Price is only an issue in the absense of value, BULL...T!

The investments are Soooooooo limited.  The Variable Annuity (Primelite 3 or 4 or whatever) it SUCKS.  It's expensive, has NO REAL BENEFITS compared to what I got exposed to.

Bottom line you're doing people a disservice with these products.

With that said, Primerica does have good points.  It teaches people to think independently, learn finances, save money, buy term insurance, get out of debt, plan, start a business, make money, self improve, leadership, marketing, sales.

But the problem is that the products SUCK.  The massive approach KILLED the name already, you spend more time defending Primerica, than promoting it.  Oh yes, I did it for YEARS.  (I guess I'm the idiot LOL) not anymore though.

I'm going to stop now, because I can go on for a long time.

But I will tell you if you're in the business, and you think I'm full of it, that's OK.

Go ahead and read your Agreement that you signed with Primerica. If you ever leave, you can't touch your clients, even contact them for 2 years.  And when you leave they start sending you HATE mail, warning you that you'll get sued and so on if you breach your contract, right from Duluth Geogial home office.

HOW'S THAT FOR OWNERSHIP??????

When I left I wasn't bitter or upset, I just wanted to move on and do MORE business somewhere else.  Now I'm pissed that the place that I gave my life to is threatening me.

Nothing's going to happen, but that's not how you do business.

If you're reading this, and you're checking out Primerica, I've said enough.

There are better financial opportunities out there.

STAY AWAY FROM PRIMERICA!

THAT'S MY FINAL ANSWER!

It has come to my attention that many people are angry at Primerica, but when i read these posts, most people are mad that the agents are calling their house but they have never done business with Primerica. NO, Primerica is not a SCAM! They truly do help! And it's not a joke... as some people may say it it. NO, Primerica is not a company of dropouts or people that dont intend on having "real" jobs, actually they have teachers, doctors, and people that use their payments to pay for college such as myself, achitecture major. The money you earn is because you're working for it, you get a percentage of what you produce. Also, for the people that feel so great and that would not change their their 4% APRs, let me tell you....you need to take a look at the FINE PRINT PROVISIONS... also known as the "Truth in Lending Disclosure" and if you see something as dumb as a PMI or MPI, IMP, other, miscellaneous...well you're getting ripped off! Also don't feel so great if you have an FHA loan  (federal housing administration) because though there is a super low APR you are getting over charged for PMI even more! NOW, with Escrow.... the bank is using the money you are supposed to be saving from the given interest, in any way they see possible, and at the end you dont get any of the percentage back. OH! and let me remind you.... you know that good loan with you got from the bank... with the really low Interest Rate.... well look at your  lending disclosure, and look for the APR.... WOW its nothing like the interest Rate at all huh? PLUS! it is a VARIABLE RATE LOAN!!  well let me give you an example of how they have just screwed you over:

Ex.   200,000  - is your mortgage (hypothetically... that amount is not given anymore)
  + 7%  -interest rate from bank
  -------------
214,000  -what you "supposedly" owe... but there is more
  + 10,000  -fees (may include things that you dont know what they are at all)
  -------------
224,000
  -  200,000  - from loan
  -------------
24,000  - APR amount now 24,000/200,000 = .12.... or a 12% APR

12% APR is NOT at all like 7% and that is only for one year..

now about  Scheduled Interest vs Simple Interest

payment based on the rate of the  Rate payment based on current
original amount, meaning that amount left to pay of principle balance
every month you pay the same   meaning that every month you pay the
percentage of the original motgage percentage of what is left of the principle

BUT, then again, since the people BASHING Primerica are so smart they probably would have figured this out ages ago.... RIGHT! If you think your Balloon Morgage is so great just look again, THEN, hold up that nice Disclosure Statement in front of you and say "I'm getting ripped off" PRIMERICA IS NOT A SCAM,  and maybe if people would give the recruiters an opportunity to have a "kitchen table talk" they might be able to learn a thing or two about how badly they are loosing their money.

There is no need for the tactics primerica uses in this day and age.  Most people realize they should use the services of an independent financial advisor, not an "agent" or non-agent of an MLM, who has limited solutions and can't shop the market to solve all of the problems.  Primerica has no permanent insurance - a real problem if one has estate planning concerns (who doesn't?).  Primerica traditionally has sold 20 year term life insurance which was not historically anything near the market.  Their funds don't compete with what is available on the open market.

Sheila!

I just can't help to reply to this.  I don't know how many S.M.A.R.T. loans you closed, but I was #4 personal producer in my state 2 years ago, (before I left) and my base shop was #7 for the YEAR!  I taught this example you're giving, and yes it makes sense, except that it's not the total reality of the situation. 

Every SMART loan is loaded with 1.5% points upfront, and still has a high rate.  The math does work out the way you show it, except that when rates are at 6% and SMART loans everything being equal is at 8% you save someone money, until they figure out that they can get 6%.  And don't say that you haven't lost clients to the competition.  Because the reality of the SMART loan program is that it's very narrow and very limited.

When Shane Perry gets up at an RVP meeting and says that if you're not doing SMART, it's not the rate issue it's a leadership issue.  What the hell is that supposed to mean?!

I just closed 3 loans, not with Primerica obviously, all between 6 -6.5%, all with stated income, 0 points, 0 prepayment penalty (SMART loan has a 3 year pre payment penalty) and made between 1.5 - 1.75% of the loan amount. 

Beat that.  I made more money than I did as an RVP in Primerica.  My clients got a better rate, and you know what, rate isn't everything, but 2 % points difference in the rate on a $350,000 loan is $7,000 in interest per year.

Oh I know it's simple interest, $7,000 per year.  SMART program is a scam developed by Citigroup, and they're using the Crusade to sell that.  Art Williams would have never allowed it.

Last thing on SMART loans.  I have a client from several years ago.  I did a SMART loan for him.  He got 8% and we were able save him money ....

Last year I approached him, that I have more solutions, and we could possibly save him more money, well he said, that a year after he did the SMART loan, Citi called on him, because of his SMART loan, and gave him a brand new loan at 8%.  I was still his rep at the time.  Citi didn't call me, I never got any notice, and so everything that I did for this guy, that supposedly was good, the same company came and re did it.

How's that for helping people.  Call Ron Carroll or Jeff Reid and ask him about that!

You are being misled.

One more thing.  If the SMART loan is so good, then why is it only 1.5 - 2 apps that close out of 10.  Is that because the other 8 - 9 people are stupid, or all have no debt, or none of them have any equity, or all of them have bad credit???

As a rep doing SMART you have no control of the rate or anything.  You don't know your clients credit score, because the Solution Center won't give it to you, they think you're too irresponsible for that, under the premise of Privacy Act.  That's a joke, every loan officer in the world can look up their clients credit score and based on that and their situation they find a solution that works for them and their situation.

With Citi, what solution do you have?  Nothing, you take an app, send it through, and hope it comes back in 72 hours with something that makes sense.  Usually it doesn't. 
You can't shop different lenders. 
Can't do stated income only, with fair credit (not good)
Can't do home equity lines of credit
Can't do interest only (and YES they make sense in certain situations, not in every and not for everybody)
If Citi declines them or the rate is so rediculous, you have NO solution for them, so you do Debt Stacking, and what no loan, no help.

In the mean time the client goes to a local bank and gets a loan, with no problems.

If someone wants to buy a house, you can't even do a normal loan for them.  Citi came up with some off the wall HOME LOAN program, where once again, you have NO CONTROL and NO SAY SO in the rate, in the costs, and you have no idea what you're competing against.

Whoever is reading this, don't mistake this reply to bashing Primerica.  It's not.  And I'm not bashing the company.  It does stand for something good.  But it's not what they say it is.

It's a corporation, with a bottom line, and if they don't meet their obligations, Citigroup will not be happy with them.  So they're products are very expensive, and very limited.

The idea of helping people get out of debt is good, but as a rep you can't really do that, if you don't have access to good lending solutions to do it with.  Do you???

we have free credit counsellors in this province; those who are insolvent need to see bankruptcy trustees

Primerica is not for everyone. I have worked for the company for a while now and I am pround to say I am debt free and making good money. I have just bought my first home and paid off my own wedding, and just set up a mutual fund for my little niece. Primerica has helped my family become financially independant. Primerica may have some bad reps, but every company has pros and cons. Like I said before Primerica is not for everyone, but it does help people if you are willing to work for it. Why wouldn't you work hard to become financially independant? I do believe many people have had issues with the way Primerica works, but to call it a scam is pretty far fetched. Just because you had a bad experience doesn't mean everyone has. Some people in the company are in it for money, but not all of us. If it wasn't for this company my family would still be so far in debt my children would be paying off my bills. I wish everyone luck in life, but if you are approached by Primerica give them atleast an hour of your time. What do you have to lose besides an hour? You may find that it is something you would enjoy doing. Just another point a view.

Nobody wants to be approached by any MLMs, period!  Best to become an independent advisor, rather than a captive agent - this is 2007, not 1957.  Get with the times!

A friend of mine was part of Primerica.  He recently shut down his own business because he was spending too much time with Primerica which lead to nothing and neglecting his own business.

Just don't do it. Not worth it. You can make more money doing other things.

SAVE URSELF WHILE U CAN.

its a scam !!!!!!!!!!!11 no matter what their hidden reps may say on here. Ull just loose you time.

WOW,  I am full time in Primerica with my wife helping me pay the bills becuase I am in the infancy of my career here.  IT IS HARD WORK, IT IS NOT EASY AND WILL NEVER BE EASY, but I believe that the short term loss of immediate income will be worth the long term rewards, IF I WORK HARD AND HELP PEOPLE.  Full time is not for most people, but if you can make an extra $250 - $500 a month helping out a few families, where is the harm to that?  I am in the US, but now in canada you can work up to 9 months part time.  The worst thing that can happen if you do Primerica part time is that you will spend $199 for a license to produce life and health in your state, you will have kept your full time job, you will have learned some financial principals and perhaps even helped your family become debt free and perhaps even yourself.  Before I joined Primerica, I was a business owner.  My first 4 months working for myself, by myself I earned $500, but I invested $10,000 in start up costs.  Primerica cost me $199 up front and I got it back in a scholarship.  Not too bad from the Primerica side is it?  So, in conclusion, Primerica is hard work, slow money up front, but with enough hard work will reward you in the end.  If you don't want to work hard and long hours, go back to making $30,000 per year working for some one else who can dictate your schedule.

Have an Unstoppable day!!

It's the insurance version of Amway. Btw, Is that still around? That was a classic.