pfs investments pyramid scheme

On have other hand, it works and i do get to help people out of debt and stay out of debt. I received a phone call yesterday and on my mobile phone, which despite the fact that I am looking for a job, I only mention in cover letters or to recruiters who approach me on my landline. The company is not a scam. After reading all of comments, I will not be going. To those who have met up with someone who promised to help them financially, the supervisor was there to help you if the rep quit because, as I said, this takes work and if you cant stand the heat you need to stay out of the kitchen. Is Primerica a Pyramid Scheme? Here's Why Most People Quit My friends husband was at least honest and up front about me in terms of selling insurance, which I appreciated. NO, I was special and needed to join and they offered to pay my fee, the $99. She then insisted on calling me on Wednesday to remind me of the appointment and said I was lucky because the vice president would be there on Wednesday -_-. When I told my boyfriend about it, who is currently taking a bunch of business, marketing and economic courses (Im a FILM MAJOR so the fact that they wanted me at all should have tipped me off), he said it definitely sounded like a pyramid scam and to look it up. From then he sent us to different people to ask us some questions. At that point, I hung up and laughed. Primericas main financial advice is the slogan By term and invest the difference which means figure out what a whole life policy will cost you, buy a term life policy, and invest the balance of what you would have paid for whole life into mutual funds. Learn about pyramid schemes and other crimes at FindLaw's Criminal Charges section. Well im not going to my interview today. Would they use it if I dont show back up? I had to squeeze in questions as he was trying to hang up without providing any information such as what does PFS stand for? Everyone was extremely nice. If I could teach that to others, that would be cool right? He tried recruiting me so I took the interview mainly as a courtesy to him. My friend convinced me to join, asking to partner up with me since he couldnt get through the door. Im 18 Im not looking to make that type if money like that, Im looking for something simply to get me through college. So we exchanged numbers and that was that. She told me that someone referred me and thought very highly of me. My friend has her insurance with them. I got a random call from a guy name nico saying that I was referred to them and they have a job opening and I could scedual a interview for me and that I should come dressed business causal and come on time because he is a busy man. I got recruited by this chick off of tinder. Its entrepreneurial in nature and that needs to be discussed and made clear. its a mess! He works for the State of Florida. Will not be going to a sales pitch to get me to go do sales pitches to other saps. According to their own reports, only 2.5% of their reps earn more than $36k/yr, tho even that pulls their stated average commissions down from $6k to less than $1k or less. I said I dont have the money (but the back of my mind I know that it is already a scam). I suppose this was a good business lesson: Carefully research a company before immersing yourself in it. Kudos, Anthony Pinto, your attitude will make you very successful! But to shut down a business just because over 100 of you said it was crap and the rest followed after you did your own research. Grant cardone once said if you dont have haters, your not working hard enough. A real boss would have trained me properly in the first place, not have been so blinded by potential dollar signs and a taking care of ME first attitude. A legitimate company looking for new employees is not going to waste more time calling a candidate who did not call them back, particularly considering they had no information on me or my job experience or training. (another red flag.) You broke ass people who work in corporate America all work under a boss. Discouraged, I climbed into my own car and went home. 90% failurethat is high percentwhere did you get that number? Its quite pathetic that all of us in the comments are forced to search out information on the web rather than hear it straight from the snakes that work for this company. As you also stated, there are no downlines involved. I actually figured out it was Primerica a few minutes later when I actually sat to think about it. Theres so many good jobs out there- dont go this route. The 'Private Investment Club' conference had everything: a host demanding people pay for 'VIP' access, weird pyramid diagrams, "plerking," and a celebrity guest who clearly didn't read the memo. He never mentioned an upfront fee, but if he does Im done with these. Karma. First of all, the company does have physical product within its structure - insurance and financial services around debt-solutions, investments, legal protection, etc. A recruiter found me on Linked in and said he was impressed with my resume and feels I am qualified for a position again like everyone else I asked for more information and very vague did he explain to me the concept of this company. But dude. I seem to have ulterior motives? She asked me the most useless questions ever, such as, How do you want to be treated if you work here? She was also unable to give me specific details about the position I was interviewing for. Yes many consumers arent sophisticated about insurance, which is why it can be easy for a Primerica rep to sell them a crappy product at a higher price. Suddenly it occurred to me, who knows what that really means in context. Not going to the interview tomorrow. Pyramid scheme - Wikipedia Thank you for providing this information! They asked about my work situation and I told them that I got a job a few months ago. Do you even know why you exist? They say that you can get a refund if you are no longer interested. Im a chatty bend-your-ear kinda bartender, so as shes sipping her coke we start up a conversation. It just all seemed very cheap and tacky, like the trinkets around the office. I proceeded to ask him how he could make me a job offer without a resume and he gave a decent answer saying that he cares more about the character of a person and that a resume is just a piece of paper yada yada. Later found out this company had sold my sister, whos a single mom, a massive EXPENSIVE insurance policy. Why? As a matter of policy, BBB does not endorse any product, service or business. Please look up elizabeth warren cornering the president !!! Now thats a successful company, but many fail. She gave me this speech about how she is the General Manager and that she was opening various locations and needed people. I advised that I am looking for roles in the IT field, preferably as a deskside technician. I was approached this past weekend while at work where a lady chatted me up, telling me that I had the right personality for an up and coming business based out of another city. She told the lady who contacted her to give me a call the next day. So many of you cancel your interviews which I understand you feel you need to do because of what other people are saying about the company. I wasnt really looking forward to more training in the morning, but figured with the scared-looking new teenage recruit coming, John would at least be in his jovial, upbeat mood. Last week I was approached at my job by two people. I noticed several of the new people in the front row looked very restless, like they just wanted to get out of there. My own confidence in my judgment is severely shaken. BBB Business Profiles are subject to change at any time. Report investment scams to the right government agency. Clearly if one can do that for another, one should be able to pocket a nice income Once she quit her little dissertation on the gap between the upper class and middle class and how the middle class can become upper class with our help, she told us to wait as she brought in the guy who had written the review for the company (5 stars. Ever since I graduated my undergrad Ive gotten random phone calls from shady looking companies that I never applied to. Each year, millions of people work hard in MLMs and do exactly as theyre taught, and they still lose money. Two girls were there for the job too. epipens, and or anything that a person needs to have to live and is stupid expensive. Legitimate companies give you details and job descriptions. To those who did not get what they expected, please ask yourself if you did what you were told, if you persisted, if you actually did the work. Employers are not evasive about what they need. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. Wow, I have an interview set for this Tuesday, needless to say I will not be going to it! Is Primerica A Pyramid Scheme? | Explained - Insurist So, I was interested and I REALLY loved the couple and was glad to see and hang out with them after so long. Still, no alarms. On a non related note, why are the people supporting primerica, speaking like assholes and calling everyone stupid and lazy for speaking their minds. I then started doing research and stumbled across tons and tons of negatives about Primerica. More about my terrific personality, she was very specific that I had to dress professionally, no jeans or sneakers, and was firm while speaking to set up the informal discussion. A page comes up that seems to refer to that but it quickly goes away and the main Primerica website comes up. Either I pay on that time or I can pay after a week If I get hired and it will be part of the hiring process. id number? I drove out to the location, got there 15 minutes early, so I sat in my car. Finally they called me in the most boring, plain, unprofessional office ever. Its legal, yes..but a scam in every sense of the word, that relies on cult mentality. but that neither here or there.) He was dodging and kept pushing the interview. Furthermore, in order to get into a hedge fund, one has to invest more than a million dollars out of pocket. Anyways, being a young, naive college student I listened to him and eagerly tried out the company thinking I could use them to get my Series 6 and Securities licenses and quit. Primerica multi-level marketing system offers the following advantages 1. it is clear that it is not a typical job if you build a business with them based on the comments. He looks at me sadly and suspect. Isnt it a blatant cheating? Thats legit, and I drafted up a Letter of Resignation, which included the language This is without malice. I didnt have the heart to tell the agent why I quit, something I regret to this day. I told him I may know a few but what roles does it involve, what type of work, is there anywhere I can view more information? Primerica also partners with Pre-Paid Legal (aka LegalShield) to offer things like legal protectionand ID theft protection. A pyramid scheme is a fraudulent system of making money based on recruiting an ever-increasing number of "investors." The initial promoters recruit investors, who in turn recruit more investors, and so on. OMG thanks for this website!!!!!!!!! I had them waste my time once before and am no longer interested in doing it again. The average individual earnings of their representatives is $5,156 per year. So i said maybe on a follow up meeting i will do the paper work. When i asked for a website he diverted the conversation to something else. There were a ton of empty chairs and he said there was just a big sales meeting earlier. When you write a resume, youre looking for a job, not an opportunity. He couldnt have known that I am a three time college graduate, having obtained both a diploma and honours degree, in the fields of law and computers respectively, so why on earth was this happening? So this got more fishy. insurance MLM firm Primerica is a legitimate and long-established company. You have to be deceptive to your warm market (family, friends, and contacts). Its also sad that what is posted here is TRUE. He said that josh said a ton of great things about me and he wanted to interview me for a position. I made a decent living $30,000, but its much harder than most people even imagine and it truly does require that you do oodles of prospecting. Their higher up had done that for them. The company has been in business since the late 70s and has steadily grown throughout the years. He set me up with an interview with the lead, and when I went in, it was really no interview at all. New faces=new prospects=new recruits=new sales. I, too, have an interview for tomorrow that I doubt Ill go to now! They are so desperate for people. Get the BLEEP out my house before I rip our your weave!! 4.praying primerica is what it is for good, help me with these to open up my next store FOR GOODfor all you i dont believe a business can be good and their only out for my money. why are they still in business? Both part time and full time. He told me to come in for an interview, and, sensing some possible sketchiness, I had my boyfriend come with me in case someone tried to rob me of an organ. As shes leaving, she stops and says, You know, I never do this because its disrespectful to approach people at their jobs. Took a few days of being put off, appointments came up, etc, but finally we were sitting in his office, my stack of resumes in front of him, me sitting eagerly poised to take notes. It was sure better than his you guys arent doing anything, youre being a bunch of losers talks he usually gave at training meetings. They allow an objective summary of the facts. But, the girl I were with got in the rm first then about 6 mint or so the guy came back & say give me 5 mints for you to be in the rm. As soon as I answered I heard someone making silly sounds and I wondered if it was someone I knew but no it was the gentleman who said he was calling me because my friend had recommended me for the job before I was a hard worker and he wanted to know if its true..we began talking for a while. I actually stayed with the company and received my securities license, but could not continue due to the trickery and deceit involved. He was strange, deceptive and refused to answer why he supposedly left this well-known company which had me a bit concerned. Let people make their own decisions. This is more of my experiences and not really bashing Primerica. I entered the room the woman on the phone had told me to go, there were about 20 other people in there with a presenter holding an iPad on his hand. First of all idiot Pyramids are illegal! The man and his wife came to our home for a supposed interview. He seemed so angry, I thought. He then mentioned that my job was a pyramid, and asked if it would ever be possible to get to the top in my company to which I responded, ABSOLUTELY!!! Ponzi schemes simply require a cash investment to earn returns. After attending a couple of the information sessions myself. After reviewing those comments I will not be going for and interview. Good things happen to those who do what God has asked of them. I cant thank you enough. Thank you so much. A manager? He finally mentioned he was on the phone with primerica and he was conducting an interview now Very weird so I blocked evrythhng and said no sales. And use to convince FLORIDA retirement sustem workerd to move there money with us thinking thatsba good idea and look what is the result ! (i.e. Multi-level Management is a pyramid/ ponzi scheme. Surely a man that professional-looking would be deterred by someone as inexperienced as me in the room, I rationalized to myself. I just hope it was a legit employee just trying to recruit more people. PFS Investments Pay & Benefits reviews - indeed.com I got a call around noon from a company called PFS Investments. Their RVP essentially told me he only worked with people who used the product and believed in it. Like Im not with all the talk and I need proof. If youre reading from the bottom up, pay close attention to what Tom (June 2014) & Anonymous with Accounting Degree (January 2015) have to say. Hey, thanks for who ever made this page! The man told me he was a head hunter and had seen my resume on Career Builders. At this point, things seemed a bit odd. Im sure there will be many people who wont spend time to do the research before going but at least those who do will stay away from loosing time an money on some crooks. When I ask again what is the role of being a customer service to the company, all that he is saying was that I will be talking to their clients. I hope this helps anyone considering Primerica or any MLM company for a career but dont let desperation drive you to a poor career decision. The business when presented me, gave me th opportunity to sell other things, like Legal Shield memberships. * If Primerica is a scam, how have they been in business for almost 40 years? The agent was a very nice Italian-American woman who actually knew something about financial services. I also knew what John would say if I asked him about that one. PDF Al Chemistry Paper 2013 Marking Scheme May Apparently these Primerica folk are misusing LinkedIn profiles for their slimy deeds. They are not now and I feel a offended that they would think I was interested in an MLM style business which I didnt find out until later. Result was what I had expected. My Primerica Regional Vice President (RVP) well call John offered to teach me how to call them, to build my team. Plus his wife worked full-time here too. She tells me about running her financial management business in the suburbs, how shes trying to open an office in the city, how she bought another house to take care of her ailing mother-in-law. Multiple levels = MLM. All MLMs eventually reach a saturation point where the bottom tiers are almost literally competing for scraps because the word gets out about the nature of their business model and they become shunned by most prospective recruits. Another middle schooler came in and went directly to the back where the party was. This guy has spent 30+ years of his life working for a company that promises VERY SIZABLE returns but delivers very little. For how many people were in this office suite, it seemed rather small At least the atmosphere was one of a party variety My interviewer asked me a few brief questions about myself, but seemed disinterested as I told her my work history and personal skill sets. At worst it means you have a poor product or poor reputation which is most likely deserved. I did not quite have the similar negative experience as many posted, but mine was similar. So when I flat out asked for a job description, he said that the company was branching out from neighboring Moncton, and because of this they would require an office manager.