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Posted on 5/24/12 at 10:30 am to TIGRLEE
quote:
no, they sell term life ins and mutual funds. They are no more a pyramid than anyother ins company. I dont think many of you people understand what a pyramid scheme is.
quote:
why? You go out and sell some term life insurance. Nothing shady about it.
And we have our first Primerica employee!
Posted on 5/24/12 at 10:31 am to TIGRLEE
quote:
You go out and sell some term life insurance. Nothing shady about it.
I am a Project Mgr for an Engineering Firm by day and I have also done Primerica for 2 years part time. My wife and I have made 80k part time in 2 years. People who are lazy and don't ever do anything call it a pyramid when their own company in corporate America is "multi level".
Posted on 5/24/12 at 10:32 am to TIGRLEE
quote:
no, they sell term life ins and mutual funds.
Uh oh, TIGRLEE has bee indoctrinated. Yes, it is a pyramid scheme because the other agents in the area are the ones that recruit you and they clearly make their money off of getting in new agents moreso than new insurance customers because they will NOT frickING STOP HASSLING YOU ABOUT WORKING FOR THEM. In any normal business you would want fewer agents in your area so you have more clients that you are able to have for yourself. Primerica pays you for getting more agents so eventually the region is so oversaturated that you can no longer generate business. Eventually the system collapses for everyone but those at the very top. So I think YOU don't understand how a pyramid scheme works.
ETA: I am not knocking their products. I am sure those are fine for the customers they have. I believe they are actually even owned by Citi or some other large banking institution so I am not knocking what they sell. However, that does not mean that they are not a pyramid model because they most certainly are. Majority of agents will find it hard to succeed and fall by the wayside and take a loss on the money they are required to put into the startup. There are ways for people to suceed but they are few and far between.
This post was edited on 5/24/12 at 10:37 am
Posted on 5/24/12 at 10:35 am to TIGRLEE
quote:
You go out and sell some term life insurance.
To your family and friends. You provide the people that you try and sell to. While you are being "trained" you bring a stranger into your family and friends houses and ask them to break out their financial records then try and sell them a product. You will never be looked at the same again book it. I knew a few that tried it, and I almost got sucked into until they sat me down for the first deal and asked me to write down everyone I know and their phone numbers. I said no sir and rolled out.
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