Primerica is a great company that provides a great opportunity for hardworking people that want to build a successful financial business.
I am a Primerica Rep and proud of it. All the insurance brokers who obviously are trying to single out this company when there are countless companies that have reps providing their companiy's exclusive financial products, yet these brokers make Primerica out to be the only one.
The reality is that all these brokers are doing is promoting whole life insurance and claiming to be able to provide what's best for their clients. Those brokers who claim to offer term insurance hardly ever promte it since the commissions they earn are tiny on term.
The definition of what's best for a client does not include having access to many companies, since many companies provide financial products that are not necessarily of high value or best price. In fact, price should not be the only factor influencing anyone's decision, rather the whole picture including quality is important.
Primerica does not market itself as having the cheapest insurance- rather it is competitive given the value and features of its policies and the best way to get an objective view of this is to ask a Primerica rep to look at a policy and to see what makes the policy unique.
There are plenty of companies that ask reps to sign a noncompete agreement to protect the business, but that only means that you can't pursue clients who own Primerica products. You can just as easily leave Primerica at any time with your licenses and work with another company or on your own (as the angry brokers who are not shy to bash this great company) to help new clients.
The uniqueness of Primerica is that you can build a business like the pyramid of corporate America (CEO on top, with VPs underneath, with Managers underneath, aned employees underneath) without all the politics. If you want to sell insurance all your life and be a transaction person then Primerica is not for you since the goal of Primerica is to have you build a business where you ultimately no longer need to to do transactions. Just ask yourself this question: Does Bill Gates still have to program computers? No, because he built a successful business where he leverages his time by having employees do the work. Primerica is no different.
In terms of ownership, the company allows you to do business with its name so obviously there will be an ownership program that ensures compliance to avoid reckless practices that could endanger the company's reputation. Just like someone who owns a Best Buy electronic store owns the business but is subject to the Best Buy company's policies.
So, before anyone makes a decision about Primerica due to reading the smear posts online by competition, give the business a shot and work at it.