Last week I wrote about why I hate MLMs (multi-level marketing companies). It seems I’ve ruffled a few Primerica feathers with my comment on the company. I received two emails from Primerica agents last week – one who I know has been reading for a while and another I’ve never heard from before.
Both emails essentially said that I don’t understand what Primerica stands for or the value of “network marketing”. (By the way, that’s just another name for multi-level marketing. You get your family, friends, and neighbors to buy from you and recruit them to work under you. Then they do the same and so on. You can make a little money selling products directly, but the big bucks come after you’ve developed a huge down-line or “organization” as Primerica calls it.)
Now I don’t want to end up in a saga like Lazy Man and Money’s with MonaVie where people start threatening to kill me or blackmail me because of my opinions. But I do want you all to be aware of the truth about Primerica before working with them. My concerns about Primerica can also be applied to many other brokerage companies and insurance companies, but Primerica seems a little more dangerous to me because of the focus on recruiting you for their business opportunity and not just selling you their financial products.
So I thought it might be worthwhile to do a bit more digging to see what I can learn about Primerica – their products, their “business opportunity”, their training, and so on. Since I’ve been trained in financial planning and have experience in the industry, I can cut through the jargon for you and plainly explain what’s going on.
Unless you all have objections, I’ll begin writing some posts where I look at the different aspects of Primerica and help you understand what you need to know about the company. Here’s how you can help.
If you’ve had an experience/encounter with Primerica, please share your story in the comments or contact me directly. This includes learning about the “business opportunity”, meeting with a friend of yours who started working for Primerica, or any other experience you’ve had with the company. I only have one limited experience with Primerica, and finding accurate and comprehensive information online about the company can be difficult.
Also, if you’ve got some questions about Primerica that you need answered now, please feel free to leave a comment or contact me. I may use your question as the subject of a post, or I might just write you back with an answer/analysis.
My goal is to give you the most honest, objective, and accurate information I can about Primerica, its products, and its business opportunity. My hope is that this information will help you make a good, informed decision so you won’t waste your money or your time. Until I have more information on here, I can only advise you to question everything. Thanks for helping me as I try to help you!