That all they know how to do is sell CHEAP and HiGH commission products to families that trust them until its to late. The loophole is getting around the do not call list. 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.. ummm how about we just get another idiot to be convienced to join and well exploit his warm market.. and round and round this vicious cycle we profit the 18yr old tries to coach, but cant why.. hes not licensed or at that level.. hey they never told me that so yep.. that regional or rvp gets all that business and u thought u owned a business uh no but ur are a 1099 employee.. wait.. dont u criticise them too.. umm ya u do.. wow.. so many flaws in this model.. so there lies the reason to recruit.. it continually opens up that persons warm market and u move on.. u sleep at night because you say, who am i do judge someones potential well wake up people.. you are judged every single day by your potential and rightly so.. are you going to tell me your fund managers dont judge funds potential based off history and past performance or do you want there money invested in a company where they say.. hmmm hey lets give them a chance no.. just doesnt work that way. -. Unfortunately, the settlement does not treat retirement plans and other large institutional investors as well. 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. )They sell Cash value, and they have a history or contacting clients and trying to convert them to cash value. If somehow a cash-value product existed that was cheaper than term for the same face amount, it would be better because the client would get their money back. Again this is coming from a guy who had to leave Arizona and open a business. First, you are saying go get educated. That is just one example and they way they feel is that if they dont have it then it must be demonized. Most businesses have a similiar clause. They've been around for over 40 years and are a rock-solid company overall. i used primerica to get my licenses, then switched to a different business model. So Primerica not special with that. Again XRL, I do hope you pay more attention to what your clients say, and send you. Nothing is in stone until we see the contract. You were offered Primerica. Thats who primerica is for. The freedom to choose my carriers with out a fear of having my contact cancelled. For example, they seem to excel at helping families get rid of their debt faster and cheaper. There are PFS reps. posting on other boards on the net. But you ahve to remember that if you sell a product that cost less, but pays you more, the money has to come from somewhere. And if they did increase them, they would lose the chance of keeping them if they are not competitive. They do not take felons, and people with questionable backgrounds. If I was Micahels or James Clients, I would not walk but run and pull all my files from them. Suze Orman has a field day with people like you. You see thats the mirror test or the momma test. . *****Perfect example a former co-worker of mine who wrecked his motor cycle coming in to work . I hear you can get them at Dollar Store. Well here is one. That way if I need it I have it. He also will teach all the tricks, something most trainers and owners do not. As always its about the needs of the client and offering a solution. I would hope clients are investigating and crunching the numbers on their own to determine if a Primerica product will work for them instead of just taking my word. I did not have anyone show me and remember I am an a/c repairman. I guess you must have confused them with some otehr company. They also use term as a loss leader, to get you as a client, and then they can call and mail you unlimitlessly. Just like using Life insurance as a savings/investment tool. Wanna know why some people dont make it? Guaranteed So if you feel that PFS is your stepping stone go for it, just understand the business going in and coming out. But you keep going to the price. That is not the same as a CEO or owner of a S or C corp. You can even select a term that works for your clients needs with some carriers. Primericas only has guaranteed for 10, 15 and 20-year. He paid more so he would not get the harassing calls. Tom, here is where you and I differ. Do you use your Errors and Ommissions Insurance Daily or Hourly? Second, like it or not, the opportunity to make more money to bridge the income shortfall that many middle-class families have today is one of the best things that a Primerica agent can offer, products aside. They paid only 7 or 70 million for it. It is a shame that Primerica thinks so little of you and Michael that they will not even send a letter of cease and desist. 7. No it did not. Since everyone is posting about that, I guess they are off point. We all know human nature. Its a contract. They are all transportation. by the time your done with your training appointments and have your liscense you will have people on your team to take you, as their trainer, out on appointments and so the cycle goes. It shows how desperate you are to defame a companys name. He knew he could not be unknown if he was taped. In this case the premium is deducted from the policy cash value monthly, which rapidly depletes it since the interest cannot keep up with the automatic withdrawals and ultimately once depleted the policy owner must resume making payments. , Its has better ratings (AM Best, Moody, S&P): It is the middle class family that ahs been cheated by agents like yourself selling the fact that you need life insurance permanently. having to pay for company product brochures compared to outside carriers providing them free..The money to pay all the different levels and price a product for people to buy has many different factors. I am an independent part-time non-captive licensed agent. Opinions have gotten us this far in a ditch. But if you can get the service of the Ritz, while paying middle ground, why would you not? Sheeshshame on me, and shame on you if you give them one dime.youve been warned , P.S. Hee-Haw! Weve been around for over 30 years and our company keeps growing and growing. I They give a game plan, and you do not need to buy it. And what is it usually, the service. Ok Tom your correct. I was quickly promoted and found myself at the top of the state leader board in just about every category. To me their system is designed for the recruiter. Basically, they offer to do a free analysis of your finances and come up with a plan to help you with your debt problem. And you will constantly be a salesperson. Tom you still havent answered the question. Business week, TIME, etc. , Since it more than likely came from you, a typical competitors choice, I am glad you pat yourself on your own back. In Primerica, the OWNER is the POTENTIAL or out right RVP and the franchise is the RECRUIT. You are sounding more and more fly by night. A Magazine on Money is. It is why MetLife was willing to buy all the risk with the insurance that they sell, to get to this gold mine of a sales force. We can keep digging or get Factual and build up. Does he say anything different than what other advisers say, not really. I recently met with a RVP about a job position and I more or less interviewed him. If you sell universal life, variable universal, variable life, etc, you get paid more than if you set up mutual funds for them. I was recruited here in the St. Louis area a few months ago, and I must say, I really like what they do. Price sellers are constantly lowering their price, or giving things away. I curious what do you mean here? He families lifestyle demands that he makes money to pay for the house they live in, the cars they drive and the life he gives them. They all said what I said. Its called LOYALTY. I doubt it. I also am glad you eat at the finest restaurants, sleep at the finest hotels, and drive the finest cars. Please give us a post able example. Challenge is Prove what you say: You said that the Deposit you give Primerica was $199, and only covered life insurance. Disability insurance is a product PFS currently does not market but, it is really a product PFS has never marketed. Having some one else pay for the E and O for a starting business is great. Out of 8 appoints, 5 will stick, 3 will buy and 1 will be a recruit. It is a business owner. WMA had to close down, but then they jsut created WFG. I do not want to be forced into buying overpriced soap from who ever. Just had to set the record straight. They are not stupid, would you through away money if you were Primerica? Now I know I said what Andre Carnegie said, but here is a similar one. Please tell me why someone should follow your model. peice Ok I understand the how can you sell it if you dont own it, but you are an independent contractor not a W-2 employee. Did the person who trained you on the job on A.C. Repair show you all his tricks? I do this because I have a passion to really help people and when I get the mind set of commissions are more important that peoples futures, I then must leave the industry. It is because they do what is right all the time. If you are not happy with the information, tough. Meanwhile, qualitative variables also have two specific categories namely nominal and ordinal variables. . Through coming to understand the algorithms of the software and through the mentoring, my deficiency will be replaced by experience. It can work, and if you are extremely careful you may not get burned. You remind me of the people that are trying to steal my saels staff at my business. You are definitely playing by the attackers play book. But let us look at those other companies. What is wrong with an individual policy Husband and wife having seperate polies makes sense. Just something to think about. Tom, Tom, Tom, lets clear this up. -. If they are doing it right, they are getting 10 names and numbers that are being called by the client warming them up for the agent. Zip Code: Yours Tom if you are going to insult me please have facts I could say how ignorant you are because you know more than the agent about PFS then you contradict yourself by saying, As for PFS, I am not sure if they sell them. Tom which is it? You are forced to do this because PFS would have a fit and send their lawyers on you because of the non-compete clause you signed. Metlife is the one that we do write for, and so that you know they wanted the sales staff of Primerica. I have seen the checks on policies that were higher. If the term policy isnt a ROP once they let it go, the clients gets nothing..Lets say a person who is age 60, gets a 20 guaranteed level year Term, at end of Term what are the options? They were following the trend. He said in a previous post hwe was going to ignore me. West Coast Life Even though that person accepted the service themselves, I as part of it. And you do not get any legs. Another way you get paid is via bonuses and incentives ( once or twice a year their a pool of money that pays varying bonuses to people reaching certain production goals usually rainging form $300 to several thousand bucks..just cuz you got up and worked. 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. They do offer to help you to get your Life license for free, but taking into consideration the low commissions, captive products, and recruiting pressure, isnt it better to get your own license, E & O insurance, and be responsible for yourself. He really wants me to improve and succeed because its in everybodys best interest. This mean I have at least one more set of eyes before the paperwork goes to the head office. If I was Micahels or James Clients, I would not walk but run and pull all my files from them. And thats because its not a game to play with peoples money and finances and their future. Please list facts. They are not looking for someone who is looking to draw a paycheck. If not now, in the next 30 years it will be. Thankfully, it has gotten a lot of comments pointing out some of the pros and cons of primerica from insiders, those who left, and others who had been recruited. _________________________________________________-_, Tom says: No Office: Same thing as above. They can either choose the mission or the commission. You cant sell disability insurance or you will be fired hurting your clients again, 18. If you follow the example in the book The Coach they will first lower commissions, and cut back in advances. Remember, its not just the whims of your clients that can get you in trouble, but also those of your downlines. You are equal to the Cash value sales people who would use the Brouchure against Primerica. (OOPS this is free to clients too. Therefore will harass you until you switch from Term to Cash value. Is that what you do when your clients call asking about something, maybe having a problem, you ignore it? But anyone that has half a brains says never to buy insurance as savings. This is because your savings has not been keeping up with the overprice term insurance that the insurance company has been charging you. As for your PFS agent who contacts you every 6 months, next time he/she contacts you ask them to research Life Settlements and inform you on the Pros and cons, and if there is a difference between a policy that can convert to a permanent product and their term policy if a Life Settlement was a consideration. But the bigger problem is that it will take 2 years to complete doing it full time which means I must give up my day-job and loose another 160K from my salaries. -. better underwriting, This Tom is not a very good debater. If I want to do well I am responsible for my own actions. For all those reading, here is my 2-cents regarding tom. It covers your licenses, including Life, Health and Disability, Mortgage appointment, Securities, Primerica Prepaid legal, and the ability to get paid on referrals for Auto and Home owners insurance. But remember you are basing your ability to sell, on price. I run into many fly by night companies that do this. You dont sell products, but services, and as I said, some can really help people (like the debt deals). By the way, I have a Primerica life insurance policy whose rates are pretty much in line with everyone elses. Once you become responsible, then you need to devote your full focus on the business. -. Lets use Edward Jones for example (not picking on themjust using them). I mean if you did the correct thing for you client, they will not need insurance. Does that mean you will steal from your client, any chance you can? I am curious Other than attacking me, what was the Psot supposed to be. Is that how you work too? When the check was cut they called up and ask to see if they could help us out. This means the insurance company sends you a letter one day saying that unless you come up with a larger monthly payment, you will have no insurance. I read credible articles, polls, and surveys, and I am mentored by many self made wealthy people, who endured the uphill battle. I know most people do not care if they throw money away, but at least if they go to an amusement park they get to have fun. You must not know anything about the insurance business. But its happened how its happened and cool. Do you need to sell ice to an Eskimo? Now those same companies beg to manage my accounts, but I am loyal. They do not need this crap. Do you think he wants to ahve call back monthly or quarterly just to get the sales pitch on something that he does not want. Depends. I appreciate your comments, but as I mentioned at the end of the post I want to keep this civil from reading michelles comments It in no way sounds like an ad for Ed Jones, and it appeared to be a simple explanation of what she saw happen. Primerica says to get involved in your companies 401k. If you arent interested in the products, services or the opportunity its no skin off of you or your former boss teeth, at least you have the information, what you choose do with it is up to you. But isnt the main point of owning a business is to have a key. You admitted you sell products that are not good for your clients. If you sell on value, then price really does not matter. If you know of a sneaky agent that lies, cheats, and steals from their clients if you give the state that you live in I will give you the phone number to the DOI and you can do the honorable thing and turn them in. Banner Life Now they have a yard sale every weekend to try and help out. If what Primerica claims is true in this case than I think a Primerica policy would be more beneficial because you would have peace of mind knowing that you fully understand your policy and that your family will receive the death benefit regardless. You are so right, but they are under an RVP. . -. A.L. The reason I give that analogy is because if you are not licensed in these areas you may not understand the product inside and out. In most cases they havent and never would SHOP for a better bargain. 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