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re: Is Primerica a pyramid scheme?

Posted on 5/24/12 at 11:04 am to
Posted by unbeWEAVEable
The Golf Board Godfather
Member since Apr 2010
13637 posts
Posted on 5/24/12 at 11:04 am to
quote:

I do. Just chose different business that pays me salary, expenses, plus commission. Only thing I hated about ins was all the exp falls on agents shoulders. Commission only job.


Posted by mytigger
Member since Jan 2008
14851 posts
Posted on 5/24/12 at 11:09 am to


I had a friend join Primerica. The week before, he was a truck driver. Part of his indoctrination was that he had to bring CT3 along to meet 10 of his friends/family and give them the pitch. I reluctantly agreed for his sake. I didn't buy anything but I did ask CT3 this question.... "best case scenario from this meeting, what happens? I buy X amount of policies or what?" His response, "No, best scenario is you come work for me". That told me right there where he made his money.

Also, they made my friend starting leasing a high end luxury sedan with a personalized license plate to portray a certain image.

The whole thing is sleazy.
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