Neena Xge
map-marker Grand Rapids, Michigan

Primerica Life Insurance Won't give straight answers

I have called my rep recently from Primerica to get a detailed explanation of my "MODIFIED PREMIUM TERM LIFE INSURANCE TO AGE 100" Policy. All he did was give me the run around and not answer any of my questions truthfully.  

 I been paying the premiums for this  "MODIFIED PREMIUM TERM LIFE INSURANCE TO AGE 100" plan  that My ex-wife purchased back in 1988.

I need as much help educating my self about this policy. I hope you can help.

Here are a few questions I had that he would not give written answers to, plus a few more questions I need answers too:

 

1) Is there any cash value under this plan?

 

2) If not, Can it be converted to a cash value plan?

 

3) what range should I expect the premiums to change to, if it can be converted to a cash value plan?

 

4) Would it be better to suck it up and cancel my plan with Primerica and go to a better life insurance company with much better return for my money. With rep's I can get straight answers from and are willing to explain the best options for me and my family. Rather than what is best for their pocket book!!!

 

5)  Do you have any recommendations on which are the top insurance companies to switch over to?

 

your help with this matter is greatly appreciated.

 

Thank you and have a terrific day,

View full review
4 comments
Guest

I understand this is a very old post but if for some reason you haven't found satisfactory answers to all your questions I can be reached at paula.a.hazlett@***.org

Shayan Khw

Get as far away from this company as you can and as fast as possible. They are involved in criminal activity and civil rights abuses.

See private sector involvement with TIPS/INFRAGARD, ect. (Similar to Stasi).

Guest

Apparently you didn't understand life insurance at all when you wrote this. Term and whole life are two separate things.

Primerica doesn't sell "cash value" policies because they are rip offs. Your return on your investment is squat to what you can do with mutual fund or annuity investments. The " cash value" isn't your money. You don't get it back unless you somehow live to be 100 years old where your value is set to be the amount of the policy face value.

When you die, you only get the face value of the policy and the insurance company keeps your cash. Primericas montra is buy term and invest the difference. They were trying to help you, but by your comments you didn't listen to a word they said.

If you don't believe your agent, listen to Dave Ramsey or Suzie Orman. They will tell you the same.

Guest

First and foremost, term insurance is where you get the most bang for your buck! If you are looking for a good return on your money (investment), then insurance is not the place to look into, because life insurance is for income protection, not meant to be a good investment!

I would look into a roth IRA and some good funds for the return on your money. I am a client of Primerica and we locked into a 20 year level plan and they offered the best value - maybe not the absolute cheapest term, but they have A+ ratings....and good value!

Charlie

View more comments (3)
Anonymous
map-marker Tampa, Florida

Miss My Brother, Who is Now a Different Person Due to Primerica

I will admit that I have read some good things about Primerica. I have also read some bad things.

I do not invest in or buy insurance from Primerica, as I have all those things "covered" through other companies. I don't really have an opinion on the services Primerica provides. But I do have an opinion on their advice to new recruits, which is basically to cut off all individuals who are not "on board". Before my brother became "part of the Primerica family" he and I were very close.

Since I would not invest money and/or purchase insurance from him, he has labeled me as "unsupportive" and has stopped talking to me. It is hurtful. He has also cut off the rest of my formerly close-knit family (parents, aunts, uncles) as well as lifelong friends. My kids miss their "old" uncle--the one who was "nice" and "always joked around" with them.

All of us have not changed. He has.

And he has because of his involvement with Primerica. Also, after a year in "the business" he has not made a dime, despite "hitting the pavement" day and night, after leaving a paying family-owned full-time job with benefits.....

View full review
15 comments
Guest

Sounds almost cult-like! That's sad.

Guest

You were probably bringing him down. And Primerica never suggests to cut everyone off completely.

But if you consistently have negative things to say to him about what he is doing without understanding it, then maybe it was best he did cut you off. People love to see others do well but never better than them. He is probably very happy and successful now.

Sometimes in order to succeed you must cut people loose that arent ready for your vision. Dont be mad because he had a dream and you didnt.

Guest
reply icon Replying to comment of Guest-1109714

REALLY!!!!, there is no job worth more than your Family.

jobs, friends, girlfriends, boyfriends, they come plenty full, but you only get 1 family, money never trumps family, that's what is wrong with this country now,

Guest
reply icon Replying to comment of Guest-1109714

You literally sound like a sociopath.

Guest

I was recruited into the Primerica cult who offered me a their fake job. I was working closely with the RVP, giving training and mentoring others.

I was very good at using the mind control techniques to recruit new members.

Eventually I could take no more of the lies, deception and poor treatment and I left. Shortly afterwards, I realized that I had been in a cult and I worked with a psychologist to undo the mind control.

I now work with people who are leaving Primerica where there was destructive mind control used.

Having been on both sides of the fence, so to speak, gives me a unique perspective and allows me to understand what your family member or friend in a cult will be going through.

The best way to help a friend in Primerica to start thinking for themselves is to learn yourself how mind control and cults work so that you can talk to them in such a way that they are willing to listen.

And it's useful to learn to listen so that they feel comfortable talking to you about their doubts and fears about the group. Primerica members learn 'thought-stopping' techniques such as chanting, praying, tricks to change the topic of conversation etc. so they do not have to listen to criticism of the group or leader.

These can be very frustrating because it means there is no way to get through to the member if you don't know how to deal with them. Your family member or friend in Primerica may be quite aggressive in attacking the person doing the criticism. This is because Primerica typically 'teach' that outsiders are wrong, bad, dangerous, ***, or mad and that they are to blame.

It can be very difficult for parents or friends when a Primerica member starts to treat them as inferior in some way, or unimportant, or even as an enemy! Dealing with these beliefs can be very tricky but it is very important because they can be very powerful.

Guest
reply icon Replying to comment of Guest-894774

You must have joined a different Primerica than I did. It has been nothing but positive.

I have many of my family members that did not buy product from me and we still love each other and party and have fun. I have never been to one meeting when I heard chants. You all sound a little delusional at best. I know some people say it is MLM and I also think they are brain washed.

I made it to RVP with me and my best friend. That's 2 people and have always made money. I did not come from sales at all but learned how to sell and we only offer products that are better for a client or we don't offer them. At times I have told people to stay with the whole life policy as they had it to long and did not make any sense to change it.

If you people would but time in to study how products work and how to market you would have not problem. Most people that fail do so because of work ethic. I talked to one person that did not make money. I asked him to explain what he did all day.

In a 8 hour work time frame he made 2 calls.

How can anyone do well when they do not work. This is the problem with most people when they start they don't take the time to learn the products and how to manage time.

Berwyn Mux

This is very common. Primerica is not really a business...

it's a CULT. People who get sucked into it are no different than those who join the Hare Krishnas, or whatever. They are totally brainwashed from the beginning to believe that people who have jobs are "losers". People who don't want their crummy opportunity are "idiots" who are doomed to poverty.

This is why there is so much negativity online about this company. It's just Karma. You put out so much negativity and it all comes back to you.

Fact is, even most Primerica RVPs don't make that much after you subtract overhead. A local SVP around here used to tell everybody that he was going to open up "a dozen offices over the next 2 years." This past year he closed his one and only office and lost his home to foreclosure.

His name is Larry Engholm and he's been in the company since the early 80's.

Primerica is saturated...

has been for quite a while. the only people they are bringing in anymore are the super desperate, the unemployed, the very young.

Guest
reply icon Replying to comment of Berwyn Mux

Is this larry engholm orginally from bellingham?

Guest

There is only ONE reason that your poor brother has not made 1 dime: He hasn't helped anyone. If you have a license and you provide a Life Insurance policy for someone or if you open an investment account for someone...

You get paid.

There are 3 things every client asks:

1) Do I like this person ?

2) Do I trust this person ?

3) Can they really help me ?

Your poor brother obviously can't pass that test! He's just embarrassed for his failure...

That's why he hasn't talked to you... Go give him a hug !

Guest
reply icon Replying to comment of Guest-817302

Nice....he does need a hug!

View more comments (14)
Anonymous
map-marker Phoenix, Arizona

PRIMERICA "FOOL ME ONCE SHAME ON YOU, FOOL ME TWICE SHAME ON ME

I had life insurance for my mom for about almost 10 years and paying about 130 every 3 months....well it so happened that i was going thru a divorce and i was stressed out and forgot to make a payment. I don't really remember how long it lapsed because this was about six yrs ago but i think it could of been roughly 2 months, well to make story short primerica wouldn't let me make the payment and they took my moms insurance away!!!

I spoke to agents managers to above management and i explained to them what i was going thru and they didn't even care so i was so so furious. My sisters and I were all making these payments together and for them to cut me off after having them for 10 years i thought they were so so shady......Now my nephew is in primerica and i told him my story so he came to do a presentation and talk to me..........i just listened cause i love him but I will never do business w/ them again ("FOOL ME ONCE SHAME ON YOU, FOOL ME TWICE SHAME ON ME LOL....NEVER EVER AGAIN"

View full review
2 comments
Guest

I'm looking at reviews and I can't help but think hmmm they're shady, or you are? Make your payments on time...Months have passed....what do you expect businesses to do when clients don't pay?

Regardless of what goes on in your life, you still have to be a responsible human being.

Your complaint has no merit of wrong doing. You can leave out the once, and twice and just leave your title "fool" because that's what you sound like.

Guest

I call this ***. With any insurance company you're with you can always pay your missed months.

If you're backed up 3, 4, 5 mths all you have to do is pay the backed up premiums. So if you and your sisters were making payments why did it lapsed? Were you pocketing the money? Please go sell your *** somewhere else.

You could have renewed her policy, you just didn't want to pay the lump sum payment. So my guess, so your sisters wouldn't find out you weren't paying..... you blamed the insurance company.

SHAME ON YOU; YOU FOOL! :p

View more comments (1)
George Uqp
map-marker Sylmar, California

Primerica/Best Damm company

All you uneducated jokers read my comment please. Primerica is not for everybody so quit crying about you giving $200 and not working and sucking at your life. This company changed the way I think, the way I act and the way I view my life in whole. Not a day goes by where I don't try to become a better person and help others as much as I can. Primerica did that. You can make a million here nothing is impossible. I've been in business for 3 years now and have been around with many other companies before. I have many friends in the financial business and we all respect each other, Primerica or not. No other company sells Term like we do. You guys are too busy talking *** about Primerica and you don't notice companies like Prudential, New York life, Metlife getting fined in billions of dollars for screwing people over. Primerica charges you $200 for your licensing which is over a $1,000 elsewhere where I personally spent from my own pocket before I joined this company long ago. I learned how to manage my money, save my money, invest my money thanks to PFS. Gods hand is on this company. For average and ordinary people like myself this company is a blessing. No other millionaire or wealthy person would go out of their way to educate someone on how to become financially free. They have a financial interest in my success and failure. I make money, they make money. What a concept. If this company is a scam and a Pyramid, I thank America for allowing such a scam to operate in the U.S. I'd also want to thank the Department of Insurance, Finra, Banking industry for allowing me to become wealthy and most of all Primerica. And heres's proof for you sad losers http://life-insurance.findthebest.com/
View full review
4 comments
Quanesha Otj

It is a shame that in the name of money we fail to truly care about others. I recently reviewed a Primerica life insurance policy in great detail for someone I know and I was shocked!

The person had obtained the policy within the last three years and happens to be in great physical health for their age (55-60). The payment is currently less than 50 monthly but to my shock and surprise if this person should live another 10 to 20 years the policy payment (auto deducted) will balloon to over 1100 a month! While Primerica reps offer great payments for a number of years, I guarantee they DO NOT explain this FACT to you. So, one day when you receive your retirement check for rent, necessities etc., beware Primerica may get to the bank first.

And, if you cancel term life what then do you have to show for the ten or more years you have paid into the policy? Just because many companies may not be 100% honest does not give Primerica or any company the right to jump on the band wagon and be just as dishonest. You are commended for working hard.

However, I urge you to look at the bigger picture and consider that person you sell to is relying on you to be straightforward and honest. If you work with integrity you will be rewarded in the end.

Guest
reply icon Replying to comment of Quanesha Otj

At first I thought you were asking a legitimate question, but now I see you have simply copy-pasted a whole-life commercial in an attempt to discredit Primerica and term life insurance. The following is for the benefit of other readers.

Term life insurance is designed to provide protection for a set term of time. After that time the individual should not require any life insurance, they should have built up the assets to be self-insured. After the term is over the policy may be renewed at the applicant's new age, which will cause the premium to increase. It is not expected the individual would renew their policy, their term is up and they should have assets that would cover burial and be passed on to the survivors.

You do not get any return from or have a savings account inside any other kind of insurance and it is illegal to market insurance products on retirement or savings benefits, which is why other companies pay large class-action lawsuits for deceptive sales practices regularly. Beyond that any cash value savings in a cash-value policy is taken by the company upon death so no matter how much has been saved in that policy you do not have access to it.

The choice is yours, a whole-life policy that has less protection than necessary, because they are so much more expensive, that grows slowly, requires you borrow the cash value while you're alive, and the company takes the cash value when you die, or proper protection for the period you need it at a much lower price with separate accounts that actually allow you to retire.

marjoriewilliams, please refrain from speaking on honesty in the future.

If you work with integrity you will be rewarded in the end.

But first you have to work with a company that allows you to have integrity in the first place.

Guest

test

Mahayla Srn

test

View more comments (3)
Anonymous
map-marker Oceanside, New York

Pyramid Recruitment Scheme, Bad Life Insurance Productions

This is a company to avoid at all costs whether as a would be sales representative or as a policy holder. As a potential representative, the model fo growth is a multi leverl markeitng scheme based on one's wam markets (friends and family). There is not an emphasis of sales. There is a low end commission on sales. The focus is recruiting ones friends and making a cut off of their work. You only get several licenses and cannot become a full broker of all financial services. Sales reps are limited to what investment products they can sell. Start up fees and reoccuring fees are also part of the initial package in hiring, so expect at least $200 out of pocket right away.
View full review
5 comments
Guest

Hey anonymous... Maybe you should try graduating from High School and taking a "spelling class" Please !

Guest

I guess you've never realized that working a regular 9-5 is a pyramid? You can work many hours for your boss and still get the same pay, right? No promotions either, correct? Whether its Primerica, Amway, Herbal life, Mary Kay, Avon, etc, the work you put in is what you get out.

You are limited to promote certain product but you failed to mention that you need A LICENSE to be a broker. Get all your licenses and do something with them then talk.

I believe you're scared of a little hard work :x

Guest
reply icon Replying to comment of Guest-685747

Well, offense, but why dont you tell us in DETAIL how new "reps" get paid ? Remember, in DETAIL...

Guest
reply icon Replying to comment of Guest-685747

This is the biggest load of *** of all time. Let me start by pointing out that a company's organizational structure resembling the shape of a pyramid does not, at all, make that organization automatically a "pyramid scheme". It simply means that there is fewer people managing more people, which is basic common sense. If that were where it ended for pyramid schemes/mlm then there wouldn't be a problem.

The issue is that roughly about 1-5% of the pyramid scheme make all the money, the vast majority of which comes directly from those at the bottom, while the 90-95% of those at the bottom are guaranteed to lose money. They have to to fund the pyramid, or there would be no "millionaires" at the top. So the main issue is that you have sales reps selling the rights to sell the "opportunity" to sales reps who sell the rights to sell the "opportunity" to sales reps to sell the "opportunity" ad nauseum. In Primerica, at least there are products that are sold outside of the organization, but to make any kind of legitimate profit, the rep would have to hard recruit everyone he talked to so he could build up enough overrides that he's making enough money off of other people's efforts (and family & friends) that he turns a profit.

That's the issue in MLM; for those at the top to profit, those at the bottom have to lose money (or in Primerica's case take a massive cut in their own pay out so the commissions on your effort can be given to those at the top). That the entry-level commission payout is 25% while street-level commissions for other industry independents is in the 80-100% range, and 55-65% + benefits for captives should make it obvious that the other 70-80% or 100% is going to your upline for your work. In a legitimate business, the one making the sale gets 90% of the commission payout and the manager might get the other 5-10% in overrides, not the other way around.

You see, in a non-mlm company, every individual employee profits by contributing in their individual roles. The CEO makes the most because his job entails the most responsibility & risk. If he screws up, the company could fail. If a lower level employee scews up, the company will be fine. So yes, the CEO makes more than those at the bottom, but because he has FAR more responsibility, and ALL profit from the arrangement. Primerica's average annual income for ACTIVE REPS ONLY is about $5,500. Include all 100,000 of them and it drops to within the $1,000 range. If you truly owned your own business, your "upline" would not be taking such a huge cut of your income.

Btw, I work for a Fortune 100 company for a boss and control my income. I bring home a salary, bonus, benefits, and a commission. Quit drinking the MLM kool-aid, they've brainwashed you. :x

Guest
reply icon Replying to comment of Guest-704122

"At least there are products sold outside of the organization"

???

"That the entry-level commission payout is 25% while street-level commissions for other industry independents is in the 80-100% range, and 55-65% + benefits for captives should make it obvious that the other 70-80% or 100% is going to your upline for your work."

Industry average is 48%

http://www.ask.com/answers/8649****/who-has-the-most-6-figure-earners

View more comments (4)
Tricia M Nvn
map-marker Kansas City, Missouri

Primerica

If you have an account with Primerica good luck if you have to change your name (marriage, divorce,..). I HAD a Roth IRA with Primerica until they would not except my documentation for a name change.

They stated the legal document (marriage certificate in this case) could be a copy of the original but the certification must be visible on the document itself. I took a clear photo copy of my marriage certificate and filled out the form which included a signed notary seal. After sending the information to them the issue should have been resolved. BUT I then received another letter from them with the same request.

I called them and said I already sent it but they did not like that the state my marriage certificate is from does not have a gold seal. Instead my certificate has a stamped unique number. They had the nerve to ask me to send them my original marriage certificate but that I could put a note on it for them to return it to me when they are done. WHAT?

It is not like the original is suddenly going to produce a gold seal. It obviously looks like the photocopy just with a little color. Name changing is very common and I did not have trouble changing my name anywhere else. I refused to send them an original document that is of such importance so they can pass it around a office looking for a gold seal that does not exist.

Solution - rolled the money out, closed the account, and am going to reinvest with Vanguard.

View full review
Loss:
$60
7 comments
Guest

You ignorant people are so misled, it's comical. I think it's funny how you all can sit here and bash a company that teaches people FOR FREE how to become properly protected, debt free, and financially independent.

I make a great living and make lots of money and just because you signed up and didn't become licensed, didn't go to trainings every week, didn't go on a getting securities licensed, and didn't build a team and respectful client base doesn't mean you have the ability to say this does t work. You're what doesn't work, nothing in life is going to call in your lap. You have to go get it, build it! When you do that it is absolutely beautiful!!!

So go ahead and cry because you couldn't *** it here, just know at the end of the day YOU failed yourself, not this business. This company is made for average and ordinary people like me and you, but the difference between you and I is that I don't make excuses. I will provide for my family and you won't. It says in the bible to go work, so go get to work and quit asking for things to just fall in your lap.

I am a U.S. Army veteran who served proudly in Iraq, don't tell me this doesn't work...I know it does.

My work ethic just happens to better than yours. Have a blessed day, and thank you negative people for reminding me why I do this...looks like I have more work to do!

Guest
reply icon Replying to comment of Guest-615916

Uh.. what are you talking about?

What you're saying bears no relation to what was said. This reviewer is a customer, not an employee. Posting a response to them in your manner tells me that you're out there hunting bad reviews to try to counteract them. I picture Primerica recruiters telling their gullible acolytes to go forth on the internet and hijack public perception...

block the voice of those who've seen them as unethical. Congratulations, you just proved to me that your company can't be trusted.

Guest
reply icon Replying to comment of Guest-654493

I've seen this SAME reply in other comments on other websites. This guy has obviously copied and pasted it from somewhere. Perhaps it's "script" provided by the Primerica website under "tools."

Quanesha Otj

Thank you Grasshopper. Just one more reason why doing business with Primerica may be a mistake.

Once a professional. Always a professional Why are Primerica so many Primerica reps defensive in such a rude way?

Have people forgotten that the money earned even in Primerica is because others make a decision to trust you? God Bless you.

Guest

Monkey1111, Why did you not have your adisor work it out for you? Because Primerica wants to make DARN sure that your account isn't being scammed in today's scammed riddled society, you call that playing games???

I call that protecting your dumb BUTT!!!

And, Vanguard will ask for the same thing if you change your name again!!! If they don't, they aren't protecting your assets.

Guest

Yes I suppose I could have but it really came down to not wanting to do business with a company that is into playing games with the customer.

Guest

Hi, you should have told your advisor to work it out for you. :)

View more comments (6)
Anonymous
map-marker Solna, Stockholm

Shady PrimeAmerica

My mother was a client of Prime America. Why, I have no idea. She was terminally ill and in her will she stated that I receive an inheritance. The "agent" liquidated some of my mom's bank accounts and gave me basically half of my inheritance. My sister told me that even though I'd received half of my inheritance from the life insurance company, I could keep the full amount rather than give back the difference. the "agent" was the witness.

I was going to invest with Prime America because another family members savings which I believe is with Prime America is doing well. But i found out that they can only do business with people who live in the U.S. Because I still got bank statements to go to my sister's address in America, they claimed that I could still do business with them. In the end, I refused because I live in England and the bank statements are in my maiden name (haven't had time to change it). And when I told the "agent" that I won't be doing business with their company, they told me to return the "difference" to my sister even though she said I could keep it.

The so called office I went to was almost a boiler room set up - people sitting at fold up tables which is quite shady and plus the "agent"s e-mail address what not a business one, but personal.

My recommendation - run from them.

View full review
3 comments
Guest

My dad has had prime America for years over 25 or more he was accidentally killed while working. March 2013.

:( The life insurance policy would pay my mother double yet the defined her claim totally! I don't understand!

They faithfully took their money yet refuse to stand by their policy! So where does the money go?

Guest
reply icon Replying to comment of Guest-702605

There is no double or triple indemnity in our policies. EVER

Guest

I would like to respond to your situation as the thing I hate most is people taking advantage of other people, especially when they are in situations that are new to them. 1st off they have no authority to tell you how the inheritance is to be divide nor are they certified to tell you how the inheritance is to be spent.

2nd they have no authority to liquid your mothers assets or bank accounts. Unless your mother signed a power of attorney form which is shady for a finacial planner to take control over a clients estate. 3rd It has no relevance where you live or what your last name is to an investment. If there was not a power attorney signed I would file charges against the agent.

I would also file a complaint with the securities board and let them know how your agent was mis handling your mother funds. I am also very sorry for your loss of your mother.

View more comments (2)
Anonymous
map-marker Missoula, Montana

Farce

i am a widow, i invested in Primerica thinking i would benefit from investing long term. boy was i wrong. i was taken to the cleaners rather than helped. i invested over $80,000 in death benefits left by my husband, it was unprotected and wittled away to almost nothing. where is the money? it was cash, cash just doesn't disappear into thin air!!! then when i pulled out, i was discouraged of taking it out. i should leave it to do it's thing...... REALLY...... i just cashed out my ROTH IRA's (2) to find out one is not a ROTH, so who the *** did that wrong???? from $2,000 my IRA's are down to $388.00 and they charge money to close them out. what the ____!!! what a farce all this was! NEVER, NEVER again!!!! i would NEVER tell anyone to use this company and most likely tell anyone to ever invest. a plain old regular bank would have done better for me...... SAD we can't trust America to do right for us.
View full review
2 comments
Guest

I agree with Grasshopper. I have been investing money for over 20 years, In 2008 the market was down 29% and was up over 12% in 2009.

So how does 80k go go almost nothing.

Primerica has an exemplary track record in resolving client issues. Did you contact them directly?

Guest

Not sure how old you are. But, this post is so doesn't make much sense.

You have to be leaving out something. Yes, there were bad times in the market in 2008-****. But, the market has rebounded and your investment should have too! But, it sounds to me like you have been pulling money out along the way.

Have you??? Lots of it???

And, the IRA thing is a weak argument to make. Sorry about your husband but why did you only have $80,000 in protection?

View more comments (1)
Anonymous
map-marker Burnaby, British Columbia

Best link for researching Primerica. Trust me.

If you're looking for the best research tool for Primerica, click on: www.simplesite.com/truthsonprimerica. Trust me.

The Truths on Primerica

I am guessing that the reason you found this page and are reading this, is because you heard about Primerica and may have seen a presentation. Now, you are skeptical and/or curious and decided to type Primerica into Google.

Good on you. You should do your research and satisfy some curiosities.

Now, would you rather take in information from reputable sources or anonymous sources?

Anonymous = fake name or no name; people who will never have to stand by what they write. Freedom of speech can be good but any website that gives the general public the freedom to voice their opinions/statements, also gives the general public the freedom to lie/exaggerate. By googling, you'll get a mish mash of competitors in disguise, disgruntled people who tried Primerica and didn't do what needed to be done and failed as a result, skeptics and naysayers, people who had a bad experience with an individual in Primerica, successful people in the company, ... The internet can be a very effective tool for falsely incriminating any company or person...

View full review
4 comments
Guest

This is more than a scam and the life insurance policies are poor at best and priced so that people will drop them on the back end to avoid paying claims. I have audited life insurance policies for over 25 years for many companies and Primerica's are the worst that I have ever encountered. In addition, they do train their agents and take advantage of them and the poor souls who feel sorry for them and buy life insurance from them.

Guest

Nice try. another ad page and ecruitment page from Primerica.

This co. is a scam.

Investments of over 3000 went into it over a year ago--the market has gone nowhere but up yrs my account has gone lower and lower even as I deposit every month.

To date my investment has lost over a thousand dollars.

Primearica investment teams are either the dumbest investors on the planet or a scam which keep taking fees and churning my account.

Guest

Nice try. another ad page and ecruitment page from Primerica.

This co. is a scam.

Investments of over 3000 went into it over a year ago--the market has gone nowhere but up yrs my account has gone lower and lower even as I deposit every month.

To date my investment has lost over a thousand dollars.

Primearica investment teams are either the dumbest investors on the planet or a scam which keep taking fees and churning my account.

Guest

Review #: 319865

Posted by: Anonymous

From:

Burnaby, BC

Canada

Posted On: 2012-05-21

Total hits: 86

Anonymous = fake name or no name; people who will never have to stand by what they write.

you kill yourself...

View more comments (3)
Thatsafactjack
map-marker Englewood, Colorado

Flushing My Money Down the Primamerica Toilet

Primeamerica has actually LOST MORE money than I originally invested. They are difficult to reach, the agent we used was NOT above board and suggested we do things that were shady and would "not involve paying the federal government their taxes".

I watched my money plummet and just as it looked as if it would recover plummet again. My husbands and friends investments have realized a steady gain while mine are just pissed away.

So to be truthful, I should have bailed long ago. These guys must make a fortune on people who are not savvy about investments and I would love to hear on anyone who is not on staff that has actually MADE any money with this underhanded company.

View full review
9 comments
Guest

Roth IRAs - "not paying the taxes" are a legal financial instrument. You obviously did not understand the concept. The different is, dollars invested are post taxes, so you do not pay taxes AGAIN.

Guest

Your full of it! Bankers get paid no matter what!

There salary! Agents only make good money if they help your money grow. If you lose so do they! So who is taking the risk both of y'all.

Bankers get paid no matter what!

This company was investigated by federal judges and is on the New York Stock exchange!!! If your research department is better than them maybe you should go find a better job

Guest
reply icon Replying to comment of Guest-703056

I had read each complaint word for word. If YOU are an Adult and if you believe everything that sounds good...Then what next??

You normally are going to lose. Don't blame companies for your lack of wisdom. Ya just got to USE the WISDOM GOD gave Us all. Education costs "BIG" time and so does making wrong choices.

So next time, care for your own money in your Drawer where it's safe and sound. Shh.."don't tell anyone".

Or it WILL be gone!! Good luck next time!!

Guest
reply icon Replying to comment of Guest-703056

Have a nice life in Lala land

Guest
reply icon Replying to comment of Guest-703056

Does Prime America pay you to write these replies?

Guest

Company need to be investigated they are still using those tactics to get people involved I personally think it is a pyramid scheme. I was invited to one of there meetings and I promise you it is a form of brain washing pray and ask GOD for wisdom.

Guest
reply icon Replying to comment of Guest-688276

Dear Lady!! Prime America has been in business for many years.

They are connected with the "BEST" companies in the WORLD. Complaining here is NOT going to stop business. Just remember anytime you invest your money into a company a LIFE time, expect a possible loss. Prime America are just as honest as any other.

Do yourself a favor from this, and may you learn a valuable lesson. "Do NOT believe everything people tell you when it comes to investing". Give YOU life-time words..."Never believe anything you see, and ONLY half of what you hear". This was a saying years ago.

It TRULY had benefited me!! I can honestly say, "No one has ever stolen from me nor done me wrong". I care for my own money and I do NOT allow anyone to handle it for me. Try my rules and YOU will live a MUCH happier LIFE.

Think about this, who cares about your money?? You are correct, "YOU DO". So please don't bash Prime America. They NEVER forced YOU to join them.

You made your mistake by allowing them to control your money. So who's fault is that?? "YOU"!!!!

Good luck in the future. God bless :)

Guest
reply icon Replying to comment of Guest-756492

You must work there...lol

Guest
reply icon Replying to comment of Guest-756492

I beg to differ I worked for the company and I would never do do it again I left after 1 month at first I was really excited about it I thought this was something I could really do I thought life insurance you know it's a piece of cake you're just really selling something well the one thing I have problem was I could never get in touch with nobody when you first get your pamphlet and you pay $100 to start this business all they do is set up a tee computer name and all that for you and then expect you to do it on your own yeah they still never told you the prices of the insurance nothing that was one of the main problem I had they were very on teach teachable now however what I really enjoyed was on Saturday they have meetings with when the manager would have speaking it wasn't really much about the job itself but it was about taking care of yourself and how to be happy that was the one thing I liked about it but I ended up putting because I couldn't get in touch with nobody they tell me they call back and never hear from him half the time I couldn't even get into my site so I ended up losing money the one thing another thing that I enjoy was when I went and took the course because you learn so much about money and once you take that course even if you do not stay in the business you've learned a lot for life

View more comments (8)
Anonymous
map-marker Reston, Virginia

I have been taken by Primeamerica

I have contacted Primemerica, asking them for a full refund. They in turn deposit a portion of my refund into my checking account.

However, I was told there are processing fee's. These fee's were never told to me in the beginning. I have given my money to them in all honesty. What do you think is the best solution?

I now have to write them a reconsideration letter for a the difference of $30.00. Why take some-one's money and not telling them if I should ask for a refund, there are hidden fee's charges.

View full review
10 comments
Guest

It is in your IBA form you signed.

Guest

The sad part that if the agent was doing his/her job then they should have made sure that the clients have a full and detailed understanding. If $30.00 is only a drop in the bucket for the billion dollar company so why not return the people their money. It's a shame you guys are worth billions and do not want to give back people's money you guys are just like banks hidden fee WOW GOD do not like UGLY!!!!!!!!!!

Guest

All Primerica business apps state the terms of the agreement. You were not mislead you just didn't read before signing the app.

The breakdown of what the money is used for is all in the application. The $30 was used for the background check. If they used the money to check your background before you requested a refund you don't get that portion back. There is no way a company like Primerica which sits on the NYSE would risk their credibility or waste time trying to get your measly $30.

Primerica is on a mission to identify people who want to build a business. You were obviously not that person.

When you signed the application you know in your heart you did not read.

Guest
reply icon Replying to comment of Guest-683860

scam artist extraordinaire.

Guest

I just spoke with a friend who joined Primeamerica and he and his instructor visited my home and tried to recruit me and my wife. Sounds like a good concept.

But your written response Dec. 14,2011 is very unprofessional, you could have pointed out the good Primeamerica does without the negetive attack. That would be more helpfull in my dicisson whether I decides this is right for me. I want the positve post not negetive.

One thing the agent said at the meeting is I should not look at all the negetive post on the internet??????? Red flag.

Guest

"The ONLY company that paid policies during Katrina"? First, the company would pay benefits, not policies.

If you are a Primerica representative, you must be a *** one. Second, ALL of the life insurance companies paid benefits after Katrina. I know this because my family lost a loved one and benefits were paid in full.

Why is it that anytime anyone talks negatively about Primerica, a person from that company has to belittle the person making the complaint.

For ANYONE from Primerica to come here and say "You sign paperwork without reading it" shows that the company is not a reputable one. Sorry, I only do business with reputable companies.

Guest

Primerica, I was searching for whole life and term life insurance information when I came across this post. My uncle used to be a Primerica agent about 20yrs ago so of course remembering that, Primerica was the first place I wanted to check, HOWEVER, given your rude comment I WILL NOT be contacting your company at all for a quote whatsoever. If this is the way you treat people online who personally feel that they have a legitimate complaint then I can only imagine how you treat people in real life.

Guest
reply icon Replying to comment of Guest-436633

You made a good point. Its just sometime agents get frustrate and forget the bigger picture

Guest

:zzz :( :cry :x :sigh :p 8) ;) :) :roll :grin ;) 8) :zzz :upset :zzz :zzz :zzz :zzz :zzz :zzz :zzz :zzz

Guest

You obviously sign paperwork without reading it. I do not think it is the company's fault because you can not read documentation.

Don't blame a Billion dollar company because you are too lazy to read! We assume you are a adult and can be responsible for your actions. Primerica was the only company that paid Life insurance policies during "Katrina", "9/11", and we are also the only company that will cover and protect soldiers overseas at war.

Do your research before you try to trash a company do right for people. The company can help fix a lot of things but we can not fix ***!

View more comments (9)
ourchloe L
map-marker Virginia Beach, Virginia

Primeamerica

I am in similar company and what I see a lot of compliant about is old fashion people cry foul. A lot of company that you apply job out there will demand you to get a background check or driving record. You have to pay for those service. Some of the used car dealer will charge you up to $80 for a background check. And for those people that try to get people in all walk of life to start in the business is just like any church goer try to get others to join their church. Or, military to try to get any people to join the service. Not everyone will make it a career, some will died, some get medical discharge, some get kick out and you will never find a decent job. By far, the military is the biggest rip off than all the other business. Salary is low, no respect, unstability, no job security, no overtime pay, higher divorce rate.
View full review
3 comments
Guest

First of all you dimwit learn how to put together correct sentences in english! second dont compare our military to your *** sucking worthless waste of life job screwing people over!

Guest

I've read all these complaints. There are those that suggest you need to ask questions.

With all due respect to the well-intentioned work, products, and services that Primerica offers, here is the bottom line.

Primerica, for the most part, teaches their agents to go after the underserviced young and/or lower income client, who the bigger brokerages don't have time for, nor want to service. For the most part, these are the less savy, clueless about financial matters, who depend upon the trustworthiness of the agent to help them out of debt and get some savings going.

for themselves.

The problem with suggesting that these people ask questions is that they typically don't know what to ask, much less the questions to ask that will be in their best interest. My advice to anyone thinking about using a "financial advisor", and particularly a Primerica "financial advisor" is:

1) How long have you been in the financial services business? I wouldn't do business with anyone who has less that five years of experience in the financial services industry for three reasons.

a) If the advisor is just starting out, they might have the license, but generally speaking, simply don't have the EXPERIENCE to determine what is "best". If they bring a "coach" along, be sure to ask that person how long they have been in the business as well, since they may very well not have all that much more EXPERIENCE.

b)Also, if you are buying because you "like" the inexperienced person or they are your relative, be advised that there is a huge turnover in the industry. In other words, the vast majority don't make it much past one or two years, so it is highly likely that this person you "like" may very well no longer be available when you need them in the future. c) If an advisor is just starting out, they are typically living from hand to mouth, and frankly "hungry" to make a sale, whether pressured by management, or just to put food on their table.

Be savy about questioning their motives if "urgency to close the sale" seems to be an issue with the advisor. 2) How do you get paid? If the answer, is "on commission", then ask what other products might also be appropriate for your situation. If they can't offer any other, they either don't want to offer something else, or they don't have any other "solutions" in their toolbox.

In many cases, the commission available to them for a specific product is what drives the choice of product selected. Not always, but this is just a heads up. 3) What percentage of your business is term insurance, vs mutual funds, vs other forms of insurance? All of these product types have their place.

It all depends upon your specific situation. However, if someone seems hesitant to tell you, doesn't know, or the percentages are squed to just one product type, one can consider questioning their ability to truly see the big picture and ultimately what is best for you long term.

Guest
reply icon Replying to comment of Guest-817175

I wouldn't call the agent with Primerica a financial advisor, because they are not. They are life insurance license agent.

They only promote limit financial services only.

In today world, this company just out source by other companies. This is no wrong to some people if they're willing to pay high premium term insurance.

View more comments (2)
Teixeirajenifer
map-marker New Bedford, Massachusetts

Xltm6,cancel my iba get refund

I called Nelson Lenairs and did not get a responce back about canceling out. I found I can't aford 25.00 or the 50.00 because it put me in a possition were i was over drawn 200.00 because of overdraft fees. See I'm on ssi abd I only get 800.00 a month. than i have to pay rent whice is 650.00 than my gass and eletric comes to around 56.00, pluse I'm 94.00 a month. I was told this was a job not a place where I would have to pay money.Please don't charge me any more thankyou, Jenifer Teixeira
View full review
Loss:
$270
11 comments
Guest

necesito que me debuelvan mi dinero 99.00 mas 25.00 que sacaron de mi cuenta . yo vine a buscar un trabaj y obtener dinero por el y resulta que me debitaron de mi cuenta y no tenia los fondos suficientes y tube que pagar al banco 38.00 por eso. aun no han pasado 120 dias de que yo crei que empece a trabajar y solo me sacaron todos mis contactos y ya quede mal con mi conocidos amigos y familiares.

Regena
reply icon Replying to comment of Guest-1572398

Hi, Maria-You must contact Primerica's Home Office. Contact information can be found on Primerica's website at http://www.primerica.com/public/contact.html.

Please send emails to us.iba.refunds@primerica.com and pol_billing@primerica.com, and provide your full name, contact information, and if you know it, your Primerica agent code or solution number. Regards, Regena Wood, Primerica Life

Guest

my ssn# 455-57-****. I never received a solution number. I am requesting a refund of the $99 that was debited from my account.

Guest

Hello how do I cancel the Iba?

Regena
reply icon Replying to comment of Guest-1553613

Hi Kityy-We are sorry to hear that you have decided not to pursue a Primerica business opportunity. To cancel the IBA, you will need to contact Primerica's home office.

Contact information can be found on Primerica's website at http://www.primerica.com/public/contact.html.

Please send emails to us.iba.refunds@primerica.com and pol_billing@primerica.com, and provide your full name, contact information, and if you know it, your Primerica agent code or solution number. Regards, Regena Wood, Primerica Life

Guest

I know a guy who is involved with Primerica. He have quitted his profession as a chef in one of a highly reputed five star hotel in SFO.

I believe he worked real hard to get where he is now; foremost, it took his perseverance to be successful.

He didn't start making money from the get go. I think we are responsible for our destiny, so please stop blaming others…

Guest

Latoya, you were giving a copy of the IBA you signed. If it was done Turbo Apps then before electronic signing, you were told you would not receive all back if you decided to stop it.

Sorry, your excuse is like Teix above, rediculous!!!

Stop blaming others because you don't have time. Like Teix, who is broke, you need the money and do Primerica.

Guest

Sweety, you should have checked your bank account before you wrote the check. You knew you were writing a bad check.

So Primerica is getting a bad rap because you were ***?

You could not have bought a pair of socks and your account not going over.

Quite blaming Primerica for your stupidity; dummy!!!!!!!!!!!!

Guest

to whom it may concern,

my solution number is 2klxk

i want to resign do to not having the time and everything that nerd to be paid for is putting me in a negative. and i was told if or when i resign the $99 will be refunded by to my account...

but i had to call about 3 different people before i wad told i have to send an email. all this running around i don't have time for because when it was time for me to pay out the $99 i did with no problem.

after i talked to the third person i was told i was not getting back the whole $99 i was only going to back $69wish i don't understand when i paid $99. i think this is all a game

Guest

I recently interviewed someone and did an IBA on them and they subsequently - within 5 days or so notified Primerica in writing that they wanted to cancel the $25 web site access and get the IBA fee returned. Until I asked the process I was under the impression that the fee was non-refundable because it was being paid for a back ground check.

However, by following the system and requesting in writing there was no problem having the money returned. You must not have flowed the system.

View more comments (10)
Anonymous
map-marker Richmond, Virginia

This is a scam.... We will train you to be an agent!

I work with state social services agency, client's mother died, Prime America paid out death benefit. All of a sudden a Prime america Agent wants to train my client the daughter to be an insurance agent.

Gets the beneficiary's information, the husband, father to my client to run a $99 (over charged) criminal history check so my client can be an insurance agent.

Person representing as a trainer now has the bank information. A concerned dad trying to help his daughter get a career has given out his bank info. We call to reach trainer... # not in service.

View full review
2 comments
Guest

You obviously do not know that the 99 covers the whole training for the licences - yes life and securities licenses, background check and fingerprints, and classes. Plus, you can get a 300 dollar bonus within the first 90 days if you do all the requirements for your license.

In the end you have a 201 surplus. Get your story straight.

Virat Eib
reply icon Replying to comment of Guest-1170971

$99 only covers basic entry level insurance license, if you are lucky enough to even pass the test. 85% don't, or even bother sticking around that long.

View more comments (1)
Anonymous
map-marker Palmetto, Florida

Calling the house presenting "opportunities"

They called saying that they were going through some of their old paper work and found my resume (never submitted one). The called calming to offer great fiscal outlook. I am so glad that I googled them before a was ever made. I HATE when people try and scam you into something. For anyone looking for a job, please make sure you find out as much about the company as possible before engaging with them. After reading a lot of comments online, I wish there was a way to put these type of business out of business. Research every thing!
View full review
12 comments
Guest

I need a refund of $99 my name is Carls Desruisseaux 908290**** or I will dispute it with my bank

Guest

you sound so silly right now its NO scam!!!!!!

Guest

I need a refund of $99, my name Todd lee Ritschard, 602-725-**** or I will dispute it with my bank

Guest

To Ray: You sound like a bitter old man. Life had dumped on you and you see people making great money at Amway and Primerica and you just don't have the ability to work hard enough to win at a "brokerage" type company.

Primerica's not corporate. It's a brokerage. The way any brokerage, real estate... increases profits is to recruit more agents.

The way corporate business increases profits is to fire workers or cut salaries. I think the real scammers are corporate business. Even small businesses fire and cut salaries to increase profits. No, MLM's or brokerages are the only way to go to increase profits.

Hire more people and pay people more.

Doesn't that sound better than, YOUR FIRED or WE'RE CUTTING YOUR HOURS FROM 40 TO 29 AND DROPPING YOUR HEALTH INSURANCE AND BENEFITS. Sorry Ray, your dull and disolutioned.

Guest

Anonymous, if you had to find a second part-time job, and the local convience store had an opening and gave you that opportunity, would you tell them to wait until you found out as much as you could about their store?

If Microsoft had an opening for a job, would you research the company for weeks before joining up with them?

I went to a meeting 26 years ago. I joined immediately because I was a teacher at a private school not making much money. 2 kids and one on the way, I needed to make some extra money. 26 years later, I've been paid over $600,000 working about one night a week.

I think if I wanted to, I could make $600,000 a year easily from what I've seen over the years. There is no hype. But, it takes hard work, even part-time. You actually have to open your mouth and ask someone if they want life insurance. Or, are they looking to roll over their 401K if they can. No one said you would make money by osmosis. No one. So stop lying...

Guest

They called me today. I had a bad feeling, they never mention the name of the company or what add i posted for, anyways i search the name of the person that came up on my caller id and i found out is Primerica.I sreach the internet and i was not surprise to found out what kind of company they seem to be.I keep reading all this postings from their "employees" LOL deffending the company =P.I have no interest in that field nor anything on my resume (i guess they took it from 1 of the jobsearch engines i posted) have any qualifications for that field.

Just for that their recruiting is less than professional. Maybe they think because im an inmigrant i would fall for it LOL wrong =P

Guest
reply icon Replying to comment of Guest-528804

You think recruiting is less than professional? That says a lot about you, I'm sure if you are married either you or you spouse recruited the other. You must be less than professional to then, huh go figure!

Guest

Primerica is promising a Fast Start Bonus incentive for new recruits to recruit 3 people in a month. My friend tried to convince me in joining but that company is sheer marketing and only wants you to but their services.

Their practises are unethical. The RVP and SVP asks new recruits to write down the information of their friends and family...Invasion of privacy !

Guest

I researched Primerica for over a year and then joined. I was impressed by the fact that primerica will insure active duty soldiers who are even in the midst of being deployed to a war zone. NO OTHER INSURANCE COMPANY WILL INSURE A SOLDIER GOING INTO A WAR ZONE. But primerica will and routinely does, at the same prices you and I get.

Primerica grew and became the largest insurance company in the USA ... and all through referrals only; they never advertise. Can you imagine how high you'd have to set the bar for YOUR company to succeed if all you were going to use to grow it were the referrals you receive, as well as your own integrity? That bar would also have to be high enough to offset the 'haters" who actively work at tearing your business down, daily.

If you joined Primerica and didn't make the money you thought you should be making, ask yourself if you put your whole heart and soul into it. Did you eat and breathe it until it was a part of you? Did you go out after work and on weekends to talk with people and help them see how much this business can change their lives for the good? Did you put in at least 20 hours of your own time each week to grow this business or did you mostly sit around and talk about it? Did you stop trying after the first few of your friends said they weren't interested? Did you attend the weekly meetings, attend the free insurance classes, study and get your designation(s)? If you didn't, then hang your head, close your mouth and walk away. No one is ever a success if they don't give it all they have to give. Even the Wright Brothers tried and failed, tried/failed over and over again for years until they succeeded. They were laughed at and made the butt of many a joke. What if they had given their dreams the same half-hearted attempts that you've given to yours? We'd all still be crossing the ocean in boats, not in airplanes!

If you want to know if Primerica will work for you, GO TO A PRIMERICA MEETING then, and see what it really is all about. Ask questions. (make a list). Listen to the answers. That's the least bit of due diligence anyone ought to do.

Guest

Well known as a fraud and a scam, despite all the fake garbage and fake testimonials posted across the internet. It's an MLM scam, just like Amway.

View more comments (11)
  • 1
  • ...
  • 20
  • 21
  • 22
  • 23
  • 24
  • ...
  • 25