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Is Primerica a pyramid scheme?

Posted on 5/24/12 at 10:10 am
Posted by cas4t
Member since Jan 2010
70904 posts
Posted on 5/24/12 at 10:10 am
One of my clients is a Primerica agent. He's an LSU alumni in engineering but made the career change to investments and is OT rich now.
just wondering if this guy is a hustler or if that company is legit? Google gave me mixed signals
Posted by thedice20
Member since May 1926
Member since Aug 2008
7550 posts
Posted on 5/24/12 at 10:11 am to
pyramid
Posted by Fusaichi Pegasus
Meh He Co
Member since Oct 2010
14565 posts
Posted on 5/24/12 at 10:11 am to
run
Posted by WDE24
Member since Oct 2010
54132 posts
Posted on 5/24/12 at 10:11 am to
No, it is multi-level marketing.
Posted by fisherbm1112
Baton Rouge
Member since Jan 2010
6567 posts
Posted on 5/24/12 at 10:12 am to
Yes, and your family will never respect you again after trying.
Posted by RonFNSwanson
University of LSU
Member since Mar 2012
23168 posts
Posted on 5/24/12 at 10:12 am to
I know some people that did it. Anytime you ask them questions about it they are very vague. The whole thing seems sketchy to me, so I say yes.
Posted by Teddy Ruxpin
Member since Oct 2006
39578 posts
Posted on 5/24/12 at 10:12 am to
quote:

No, it is multi-level marketing.


Love that term they use.

And after I build my level, you build a slightly larger level underneath, and so on, and so on.
Posted by NYCAuburn
TD Platinum Membership/SECr Sheriff
Member since Feb 2011
57002 posts
Posted on 5/24/12 at 10:13 am to
quote:

No, it is multi-level marketing.
that's what my Sis inlaw tried to tell me when she got caught up in something similar. I just laughed straight in her face
Posted by el Gaucho
He/They
Member since Dec 2010
52972 posts
Posted on 5/24/12 at 10:14 am to
You'll make tons of money.

All the dri fit polos, powerbands, hair gel, and arm shaving gear your heart could possibly desire
Posted by Broke
AKA Buttercup
Member since Sep 2006
65044 posts
Posted on 5/24/12 at 10:18 am to
quote:

but made the career change to investments


No he didn't. He knows nothing about investments.
Posted by cas4t
Member since Jan 2010
70904 posts
Posted on 5/24/12 at 10:19 am to
I'm not getting involved. This guy is just really down to earth but after I found out what he did, it changed my opinion a little
This post was edited on 5/24/12 at 10:20 am
Posted by cas4t
Member since Jan 2010
70904 posts
Posted on 5/24/12 at 10:20 am to
quote:

No he didn't. He knows nothing about investments.

He has a series 7 and 6 I believe?
Posted by Camp Randall
The Shadow of the Valley of Death
Member since Nov 2005
15590 posts
Posted on 5/24/12 at 10:21 am to
Primerica isn't any more a pyramid scheme than Scientology is a predatory cult.
Posted by TigahRag
Sorting Out OT BS Since 2005
Member since May 2005
132775 posts
Posted on 5/24/12 at 10:21 am to
primerica is a bunch of crap .. don't take a sip of the kool aid ..
Posted by unbeWEAVEable
The Golf Board Godfather
Member since Apr 2010
13637 posts
Posted on 5/24/12 at 10:22 am to
I has a buddy who just graduated that is neck deep in this Limu shite...I don't think it's a pyramid scheme, but when I told him that I was interested in something that sounded like it worked like the Pampered Chef, he wasn't too happy.
Posted by Walt OReilly
Poplarville, MS
Member since Oct 2005
124397 posts
Posted on 5/24/12 at 10:22 am to
is it the whittles or Collis temple?
Posted by cas4t
Member since Jan 2010
70904 posts
Posted on 5/24/12 at 10:22 am to
Trust me I'm not. It's not even my field. I was just curious if this guy is crooked.
Posted by lsut2005
Northshore
Member since Jul 2009
2602 posts
Posted on 5/24/12 at 10:23 am to
What the hell is Primerica?
This post was edited on 5/24/12 at 10:24 am
Posted by cas4t
Member since Jan 2010
70904 posts
Posted on 5/24/12 at 10:24 am to
quote:

is it the whittles or Collis temple?

?
Posted by TIGRLEE
Northeast Louisiana
Member since Nov 2009
31493 posts
Posted on 5/24/12 at 10:24 am to
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.
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