Primerica Financial Services is a multi-level marketing company offering financial services such as life insurance, investments, and the like.
Online Scams did an excellent post which summarized Primerica. The problem with the company is that most of the representatives have little to no expertise in the products they’re selling, and the fact that it’s an MLM means they’re really recruiting people to sell the business opportunity.
The company bought itself some legitimacy when Citigroup bought it. However, it seems the Citigroup name is being exploited to try to recruit new representatives. Many people have stories of posting a resume online, being contacted about a “job” with Citigroup, and showing up for an “interview” which is really a Primerica recruiting event. Talk about misleading!
Some of the details noted by Online Scams:
- The company has about 100,000 associates in the United States
- One of their services is “debt reduction,” so low to middle-income people are primary targets
- There is a heavy focus on recruiting people to become associates while selling them financial services
We’re looking for more information on Primerica, so if you’ve been involved with them, please send your information our way.
You can also discuss Primerica on our discussion board.