Has anyone here heard of Primerica?

I am considering become a rep and starting my own financial coaching business.

If you have heard of Primerica what has been your experience?

Does it work like the current reps describe.

Other thoughts?

Thanks.

I've known a couple of people that tried it. It's legit, but not as easy as they make it sound. I knew someone that worked it part time for a couple of years then took it full time. As hard as she worked at it it was never what she hoped. The insurance and financial options they sell can be gotten elsewhere for less. And from what I heard (I sat in on the sales pitch and also attended their initial recruitment meeting) their "advice" wasn't in the customer's best interest. When I questioned their tactics (in front of a group of attendees) they refused to acknowledge my questions. You have to work long and hard to develop the leads and of course the amount of leads that turn into sales can be miniscule.

That was just my experience. I've heard from others that they enjoyed the business, but I've never heard of anyone that actually was able to make a decent living at it.

Sylvia
http://businessplanmentor.com
Business plan and start up resources

Sorry, I never heard of them.

I have a suggestion there is a great movie - I think it could help a little, but I am not sure and here is a forum to go into for ideas on coaching places.

www.thesecret.tv

www.powerfulintentions.com




"Only losers buy Leads"

http://www.payitforward4profits.com/magicalmoney

You can start your own Financial Coaching business from scratch you really don't need to buy into another company. You just need to do your homework. If you have a financial background then this could be a good fit for you. Don't buy into something that might not work for you and I have not heard of them making people good money. I am assuming that you want to make a livable income.

Hi,

Before selling my business and joining my husband in our current company, I owned a successful INDEPENDENT financial services company. I often had the opportunity to run into Primerica reps in my travels. Here in Canada, and from what I understand, they are the least respected of anyone in the financial services industry. Do not join them without talking to several ex-Primerica reps first!!!

The studies you will have to do and the licensing you will have to get will be the same whether you join Primerica or any more respected financial company. The key difference, aside from how much respect you'll get from others in the financial field, is who owns your customers and what you can do with them.

Interestingly enough Primerica will own all of your customers and they can be taken away from you and given to another rep (your recruiter?) at any time, and this, without your permission, nor will there be anything you can say about it.

Primerica will require you to work to generate a pre-set quantity of sales, regardless of whether or not you really want a full-time job or not; even though they'll tell you that you can work as much or as little as you like. You will be at the mercy of the company in the event that they decide they don't want you anymore. This can happen at any time in your career, but more often than not will occur at the end of your second year; just as you're starting to really make money. At which point, you will be required to start over again from scratch, with a new company, without a customer base, because you signed a non-comp with Primerica. (A contract I might add, which isn't worth the paper it is printed on.)

If you are seriously interested in owning a financial coaching business, you'd be wiser to seek entering the business as a respected independent than as a disrespected Primerica rep.

If you are in the US, I can introduce you to a respected financial coach with whom I network and she can tell you how to go about starting your business so that you do what you want, but it really is your own business and if you're Canadian, then I can easily give you recommendations for several companies who can do the same.

Either way, Primerica is not what anyone with long time in financial services, in any way, would call a respectable financial company, and from what I've seen, their reputation in the US is far worse than it is here in Canada. For what it's worth, they have more in common with Mary Kay and Amway than they do Goldman Sachs. Of course, it all depends on what you really want to do. Many people have a great career with Primerica, but only so long as they stay committed to the company and the company stays committed to them. The more you learn about investing, the less you will see that Primerica is a good opportunity, but as I said, it all depends on what you really want to do.

If you would like to ask more explicit questions, feel free to contact me off-list.

T

Tina Brooks, VP Marketing
Brooks Pepperfire Foods, Inc.
Makers of Peppermaster Hot Sauces
http://www.peppermaster.com

Eat more peppers!

I used to be in the financial industry for years. When I tried to start on my own I got alot of questions concerning starting a business and credit issues. I wasn't able to launch a financial services business due to my children being diagnosed with illnesses. I ended up having to table the whole idea. I wondered what were the most common questions you got in the industry and why did you leave the industry? If you don't mind my asking. Thank you.

I never had any difficutly with starting a business or credit issues, I simply found a dealer that was willing to work with me and allow me to run my own business, but then I was a financial advisor not a coach. Why would your children's illnesses have anything to do with your ability to go into this business... had you declared bankruptcy? Because that could preclude the ability to be licensed in the industry, but isn't terminal.

I left the business because selling hot sauce to chiliheads is a lot more fun than investments ever were. Especially in the 2000-2003 period!

Tina Brooks, VP Marketing
Brooks Pepperfire Foods, Inc.
Makers of Peppermaster Hot Sauces
http://www.peppermaster.com

Eat more peppers!

They are a reputable company.

Looking back of whom I know was a rep, (4), only 1 has survived.

They provide very good training and support.

That doesn't seem to be enough for most. IMO, I would try another company.

Maria Marsala

Let me help you substantially grow your financial advisory business or nonprofit with P.E.P. Increase productivity, efficiency, and profit.

Learn more and get free tips at http://www.ElevatingYourBusiness.com

Based on your experience... Is the good training that good that only 1 in 4 is still in the business? Or is the training good for learning how to run an MLM and recruit new advisors? It is my understanding that THIS is the good training that Primerica reps receive. They certainly aren't being trained in giving good financial advice.

Tina Brooks, VP Marketing
Brooks Pepperfire Foods, Inc.
Makers of Peppermaster Hot Sauces
http://www.peppermaster.com

Eat more peppers!

I've heard of Primerica and was looking for a job when they scheduled me for an "interview" however it wasn't an 'interview' but a long session winding up by expecting me to open my own business at my expense and a complete waste of time for me. I felt it was very misleading and incorrect to have to lie about their advertising.

If you are still looking for a way to make money, I am currently working with several business coaches and would be happy to share the information with you. Please contact me toll free at:
800-801-6242 Ext. 1388. I'm on eastern time and available from
9 - 5:30 Monday - Friday.

This is not MLM or 'network marketing' or any cost to you at all but a few moments of your time.

Best regards,
Myriam Scherr

Myriam Scherr,
Affiliate Coordinator,
American Capital Advance
800-801-6242 Ext. 1388

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