re: Primerica..anyone ever do it?

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This thread is proof that obviously we don't have the best reputation. I can tell that none of you are clients, because the vast majority of the clients in our base shop are happy customers.

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Sales force recruitment and earnings

In Primerica’s eleven-tiered multilevel-marketing system, the company’s sales representatives receive a commission for selling financial products, while a portion of the sale is also paid to the representative’s recruiter, the recruiter’s recruiter, and so on, up to eleven levels. Sales agents are tasked with selling the company’s products to a "warm market” including their family and friends. As of 2010, Primerica required its sales representatives to pay a $25 monthly fee, and it is estimated that these fees netted the company revenue of $2.5 million per month from its own employees.

In 2010, Primerica was reported to have over 100,000 representatives selling the company’s financial products, with individual earnings averaging $5,156 per year. More than 190,000 new sales recruits paid a fee to sign up for Primerica in 2014, but the company only boosted its total licensed sales force by 3,700 that year, and each member of the sales team earned an average of $6,030.

In October 2015, James Wilcox, a school district superintendent in Longview, Texas and other Primerica representatives were censured by the Longview school district for holding Primerica recruitment pitch meetings at a local high school. The meetings generated numerous complaints and violated the school district's employee policy manual, which prohibits employees from using their position with the district "to attempt to sell products or services". In 2017, Primerica representatives reportedly tried to recruit students on the campus of Brooklyn College, in violation of the college’s rules.

2012 Florida lawsuit and settlement

In 2012, Primerica was the target of multiple lawsuits alleging that the company’s representatives sought to profit by earning commissions after convincing Florida firefighters, teachers and other public workers to divest from safe government-secured retirement investments to inappropriate high-risk retirement products offered by Primerica. In January 2014, the company set aside $15.4 million to settle allegations involving 238 lawsuits.

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