Tom says But if you read the article, which proves you did not, if you took the difference and invested it getting a conservative 8%, you would have more. Well since I already Debunked everything you posted above, let me go to what is better: First: Cost of getting licensed and involved. - This isnt a dig at Primerica, its about choice. And by the way the payout has gotten better in the last year not worse. My friend is very knowledgable about finances so this is why Im on the fence about this. natalie you can get licensed and be whats called a referring agent. manufacture, I would want many to choose from so that I could find one that . Oh and all this talk about how everyone else out there is Soo unhappy in corp america let me ask you your positions you had before.. mcdonalds and wallmart dont count as corp america. I have seen some giants go out of business in 10 years. So if you want to know the facts ask the right people. Run the numbers. Since the License can be placed with Primerica or with someone else, that is the reason why they have problems. You sell companies that will bug your clients to convince them to convert to cash value which is not good for them. Same for the business opportunity. He asked to be taken off the list and they said they could not do it. It is one of the only parts that is worth anything, that is why they are trying to sell it to raise capital. I am a sales forces owner. Something you keep forgetting is you give up one leg. Im not brainwashed, I just want to learn the business with a LEGITIMATE and LEGAL company that has some very nice people who have taken the time to show me.I personally have not been pressured or harassed to do anything. They say it is a waste of money. Prior to termination of this Agreement, these three criteria are not applicable. You are the person that is An IDIOT. Some said something about Fiduciary Duty here. -, Tom likes to take quotes out of context. Do you guys ever wonder why the guarantees on some products may not be a full guarantee? -, b) Your downlines have a much more valid income opportunity as an independent (by the way, my top Rep will get her Ring THIS month! Again, some carriers have ROP select a term to meet your clients needs. Maybe that is why Primerica they will not sell it? Look up shadow account. Remember, its not just the whims of your clients that can get you in trouble, but also those of your downlines. There is a rumor that Primerica is going under its own ticker name. As for the Rep. Maybe not always in the beginning but for sure towards the end of the product life. You give him facts, he doesnt care. Its a turnkey systemwhich unfortunately some people are too smart for. Do some reasearch..The financial companies are designing products and theres not enough agents to handle the coming business. We HIRE them. If someone does decide to leave PFS I hope its an educated decision. If you were a client, which would you choose? ), IN Michaels/Thomas state of California this is worth over $2000. The five security levels in the federal prison system are minimum, low, medium, high, and administrative. . Oh the ability to sell cheap term. It is like paying for towing on your insurance, when you have AAA. 6.) Homeowners/Rental Insurance will not protect you when you car is totaled in an accident. I couldnt look my family in the eye and do it. That is like going to the drug dealer and asking him if I need his product. If you sell universal life, variable universal, variable life, etc, you get paid more than if you set up mutual funds for them. However, you do NOT need to recruit to make a decent living, if you follow the ethical system you were taught. I seen it on so many websites it is not even funny. I f I treated my mother like the way you treat you clients with term that only can be converted and fixed annuities, my family would disown me. Remember, if you are offering an ROP policy it is real easy to explain to the client how it works unless you are one of those sneaky sales people who want to win. Tom: One thing you seem to fail to see or understand is people can go to a source to verify what is said. Where I stand, they educate the masses. Let them buy it. I guess all your clients just loooove risk and dollar cost averaging but if you As for your thinking, I am not to sure about it. I am curious, did you know Wall Street Journal once said this Why are the only people who think cash value is good are those that sell it? Since you suggest that cash value is good, I am wondering if you have either brain damage, or are a lying sales person. It is one of the biggest asset in Citi. The RVP contract is about Primerica procedures. Primerica pays in 2 weeks, and the rest looks to see if the President will declare the attack as an act of war. 2. Wrong. Like going to the show store, buying a pair of running shoes and getting only the left one, who would sign up for this? I did set an appointment because I was really unclear about why he would call an air conditioning mechanic and a housewife and say that they would make great managers at PFS. Again you are calling people out here. I am so glad you can cut and paste. To them its business. Wall Street Journal said that a couple of years ago. But then again you might be one of the posters that is hiding from the truth. It can work, but most of the time it does not. With my investments I am worth a lot. Sure they have you for two years or whatever but after that isnt it your decision to stay or go? Confidential information is non-public information pertaining to the business of the Primerica Companies (a) provided to you or other Primerica agents as Primerica agents by a Primerica Company or (b) developed by you or other Primerica agents while acting as a Primerica agent and obtained by you as a result of being a Primerica agent. Allowing some to get out before others. AIG is having trouble and is posting another LOSS. I hate the snobby view that regular folks cant learn how money and insurance works. For an example, if I only sold Goodman, I would have to say no. You see thats the mirror test or the momma test. I guess not, since you thought that Primerica can only do certain funds. You buy there term for 10 to 35 years. 5. They are planning on calling them and trying to convert them to permanent insurance. Have to wait up to 6 months to get money. You are an independent. Primerica's has about nine hierarchical levels an individual can achieve base on the individual and his/her team efforts. Present the solution. If you do not sell but you recruit, do you make money, NO. This is a pitiful attempt to defame a company. So my coverage has grown and my monthly cost haas gone down. At this level of SAFe, the goals and objectives for the whole enterprise are provided. Just from what Ive seen from accounts we moved over, I decided I would never open an account at Primerica. Tom sems to think that Primerica agents have the clients best interest in mind when they offr a solution. -. I do not work for Trane so I do not have to cater to Trane. . For the right person, it works really well.. Costing them money in Bonuses. Oh, and the fact that I pay about 8% in taxes instead of the 28% Id have to pay as an employee. And I look for value. The key word is terminalUsually 12 months to live. And by the way if she exists, then she took more money from the client. But then again, You are not here to talk just fight. Lastly I would like to pose the following: Primerica does allow you to renew it with out a medical exam. That doesnt make any sense at all. I sincerely doubt it!!! (Citigroup did, however, Primerica is not Citigroup). That is all I was looking for. (Consult your agent agreement) So if you leave, you leave with nothing from all the work you put in. . WMA had to close down, but then they jsut created WFG. Im sure not on both. ANd most are doing now, we are in a recession and unemployment is so high. I suggest you do the same. Hire lots of people, get them to call all of their warm market and offer them cell phone discount and discounted service plans. Why would I lie? Sicne the training is flawed you will hurt your clients. Are you going to ever admit you were wrong there as well as many other places. Just know the business. If the company pays more they have less money to service me. First since it is highly regulated, it is not a pyramid. We all know people who have started going to the gym and have stopped. Keep people coming and going. I guess you want to feel important. Personally I only stay in 4 to 5 star hotels. You can argue about commissions and better values in other products or companies but the fact that I see day-to-day with the people I deal with is that they are not purchasing these products from anyone. 6 years agoon their first massive layoff they hired 25% of that work force back and since then have created a system where every two weeks they have hundreds, weed them out and then two weeks later hire hundreds.and so on and so on. He acted just like you, saying the father wanted these policies. If you work for Primerica you will too. First you said that you should leave it in the hands of the client. And I have. See, I said OFFER! Are you afraid that someone that does his homework can beat you any day? Im an IT manager for an architecture and engineering firm. They sell at a loss to get the client and harass them. Thank God her plot is paid for at least. If youre commenting on my desire to see my clients do their own homework and crunch numbers on their own, youll see that the reason I said that is because I dont want them to just take my word for it. I have seen the class that you need to take for insurance. Primerica's insurance typically costs more than comparable financial products, does not have conversion options, and only applies to low-risk individuals. I guess being captive has it benefits. The smart man waits until they have all the kinks out so they can get the best return. A good and Solid company should offer OWNERSHIP to the people that are COMMITTED and LOYAL to GROW it. We get commissions on each piece of business that we close. Less than .00001. Part of the presentation is asking and getting referrals. It can also be protected, so you will not lose any value. You know, I had a Mercedes S500 for 9 monthsthat thing was in the shop all the time. Atleast we agree PFS isnt for everyone. Matter of fact, it makes it worse, since you have no loyalty to any company. And since it will only work for those with estates more than over 1 million of dollars per heir, it is not for the most people. Even the term companies are owned by cash value companies. Improved products AND cheaper products, more products, outside business activities (with approval from your B/D), higher contracts, better legal protection (E&O, S Corp) etc. You are an independent. These are the friends with whom you share an emotional connection at a specific time in your life, says Shaw. It can be pre or post tax. The cash or the money added as a saving plan for the insurance company to offset the cost of the insurance. Its a choice. Who likes to see the person who works the hardest get a head? Now we all know that cheaper is not as good. Well, Since the series 7 and 66 license is not for the market Primerica are going for, why would you buy it? Trust us we are XYB Insurance Company. To bad that is all you are. I think at one time they called it being an inactive rep. if you are whining because youve never built a business then you need a hug. Shows you a way to get out of debt, which most of the other plans will not touch. I didnt see any of that from you. He said they are less than Primerica. Again these are your opinions. (Harassing and misleading letters is the rotten part.). Thanks for the laughs and by all means, please post again. These boards are notorious for them. Since this is only good for the rich, not the middle class, why are you asking this question? Something went wrong. I am a huge believer in recruiting .. Wouldnt it be in the clients best interest to offer them the most competitive product and let them have more to invest? Could it be that Price only matters in the absence of value. I guess you are right. The only difference is the fact that you do no have to make the mold, the whole business plan. If you can, but then again you are looking for those that are looking for price. I concluded that Primerica is a very bad idea! Not as many that are being sold the idea. Also having to recruit friends to be part of my team, so I could get a promo wold feel weird and a bit exploitative, even though they did make money, and could be in a position as I was eventually. Term is not the same just like Full Coverage is not the same. Primerica is audited by the states to make sure its reps are licensed and are practicing good business. I am making money on it. I told them and they seemed very angered about another rep trying to recruit me, statint that their system was much better than the other RVP. (i) your Primerica Life commission statement will be conclusively presumed to state these amounts as of the particular date shown on that statement, unless you notify Primerica Life in writing of any inaccuracy within thirty (30) days after you receive the statement, (ii) you agree not to assert a counterclaim, defense or set-off in that proceeding to the payment by you of these amounts, and (iii) to the extent permitted by law, you So that the junior will be making money sooner. How many people build many strong legs? Well then the 18yr old just gives everyone he knows away the senior guys are happy and the junior guy thinks thats great, but then the will runs dry.. uh oh.. now its time for real business and talking to people we dont know.. Again you are making statements you do not have a clue about. That is guarantee. The only time cash value is good is when the person ahs a huge networth. If you are happy with PFS, I am happy for you. In Primerica, you do not get paid unless you help families. It is called warm market. Keep posting Tom. If he takes me from getting 4% or less, and shows me how to get 8 to 12%, that is value. I have seen the checks on policies that were higher. HUH? You ought to take a trip down to Borders and take a look at the self-help section. It is not a requirement to make a high income. But this is something I can understand you fail to get since you do not understand the dynamic of hiring quality people. SM. Ok thats easy. Since they are the deep pockets. Well wake up and see that your not only doing an injustice by blindly leading these client sheep of yours to the slaughter house, but to say its in the name of doing whats best for clients; seriously; go study, pass exams that qualify you to actually financially advise, which is not the 6 or 63 or life, health, ltc, and do us all a favor and use some self due diligence and educate yourself first before you just try and sell stories and common sense catch phrases that sound so ammature and weak. Art himself says he wish he never sold A.L. Now come on. that is why they sell all that garbage. Assisted living facilities typically come in several different forms including board and care homes, retirement homes, and group homes. So the idea of Primerica being a pyramid scam is ridiculous. $99 seems like reasonable overhead for starting your own business, wouldnt you say? Here I will say it again since you ahve missed it. The key is that Primerica along with Citigroup knows that a lot of middle America cannot afford a financial planner or advisor. You get the total amount of licenses of close to 2,000 worth for $99. at PFS. As For cheaters, I do not watch shows that are on that level. Remember they are sales people and sales people get paid on commission, mostly. I understood what they were trying to do as far as selling insurance and refis and other things like that. I mentioned about conversion of a term policy and the benefit if considering a life settlement and it seemed to get past you. If someone can justify the 40% limit because the company is looking out for the client, thats the case some make for Whole life. Securities offered by PFS Investments Inc. Home Office: 1 Primerica Parkway Duluth, GA 30099. I use the comparison of the BMW and Yugo to the products that have been pushed here. And you can be terminated. 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