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Primerica....
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| gehzumteufel |
anyone know about this? they are a division of citi group that does financial planning. they are recruiting me but im like..ehh i dont do sales..but the guy i talked to seemed like he wanted an office manager or trainer out of me instead of some sales guy.
any thoughts? |
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| iammesol |
| Go fo eeeeeeeeeeet |
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| kadomony |
DONT DO IT
it's a pyramid scheme huge brainwashing scam.
my friend used to work for them.
SERIOUSLY bad news. |
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| gehzumteufel |
| quote: | Originally posted by iammesol
Go fo eeeeeeeeeeet |
lol i just did a bit of google searching, and finally on like the 4th page, i found a link with info. its a crock of basically.
| quote: | Jonathan wrote:
Primerica is legitimate. I worked with them part time for 7.5 years. I never made much. You have to recruit many, many people to make it there. It’s the only way to achieve your promotions. The commission structure is very low compared to the independent channel I now work with.
I went independent in Aug 2003 and have made 5.5x what I made (still part time) in the last 3 years what I made in the last 5.5 years I was with Primerica. If you are serious about helping people and being in the Financial Services industry you can not compete with the life and mortgage products they expect you to sell. Since you are captive you are also not allowed to sell health and disability insurance or property and casualty insurance to supplement your income and help your clients. The securities pay is REALLY bad too; starting at a paltry 16.5% of gross dealer concession. There are several things I could go on about but it would take to long.
The most irritating fact of working with PFS is that they have a non-compete clause for 2 years and within a 50 mile radius of your address. If you leave, they expect you to leave your clients (the ones you brought to the table) behind for your upline. You get a nice exit letter reaffirning this when you leave from their staff attorney. I though I OWNED the business.
If you want further reasons why PFS may be a good place to get your license but is not a good place to make a career, please email me. My part time income at my independent company has exceeded my full time job income and I have only been with them for 3 years. |
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| gehzumteufel |
| quote: | Originally posted by kadomony
DONT DO IT
it's a pyramid scheme huge brainwashing scam.
my friend used to work for them.
SERIOUSLY bad news. |
yeah once i got past the first like 3 or 4 pages of primerca bull results in google, there are things all over saying not to do it. that . |
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| Direct |
Ive been doing financial advising and retirement planning part time for the last 6 months when the real estate market went down.
| quote: | Originally posted by kadomony
it's a pyramid scheme. |
Corporate America is a pyramid scheme. But im not saying its a good idea to join primerica. You will be working for a broker and youlle be making him/her money. And the retirement plan that primerica provides is not invested into stocks. Its invested into the largest bank in the USA (I forgot the name of it). But if youre serious about doing it then first check into it and make sure its something you want to do. Its not going to be an easy job. |
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| iammesol |
| quote: | Originally posted by gehzumteufel
lol i just did a bit of google searching, and finally on like the 4th page, i found a link with info. its a crock of basically. |
wow, nevermind. Good call on the research. *feels retarded* |
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| gehzumteufel |
| quote: | Originally posted by Direct
Ive been doing financial advising and retirement planning part time for the last 6 months when the real estate market went down.
Corporate America is a pyramid scheme. But im not saying its a good idea to join primerica. You will be working for a broker and youlle be making him/her money. And the retirement plan that primerica provides is not invested into stocks. Its invested into the largest bank in the USA (I forgot the name of it). But if youre serious about doing it then first check into it and make sure its something you want to do. Its not going to be an easy job. |
last i knew CitiBank is the LARGEST bank in the world. they are part of the larger company CitiGroup. ;)
| quote: | Originally posted by iammesol
wow, nevermind. Good call on the research. *feels retarded* |
haha yeah. im totally not doing this . |
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| Faj27 |
| quote: | Originally posted by gehzumteufel
yeah once i got past the first like 3 or 4 pages of primerca bull results in google, there are things all over saying not to do it. that . |
Is that how you make all your financial decisions? |
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| gehzumteufel |
| quote: | Originally posted by Faj27
Is that how you make all your financial decisions? |
is what? searching google? your ing stupid if thats what you got. |
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| kadomony |
haha i lol'd at the force of that post
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| RJT |
I'm debating taking a job with an insurance company solely for the money. :(
/random yet semi-relevant post to your thread.
Edit: Not in sales. |
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