Last night I went to an “open house” for Primerica. I was contacted out of the blue because my resume is on some job sites. When I was first contacted I explained that if it was a sales position I wasn’t interested, but the guy said it is never high pressure, more educational so come check it out. Well, that caused my alert level to rise a notch, but I do need a job, so off I went. I found the presentation to be even more disturbing, what with the loud vocal agreement at certain points made during the “sermon”. (Are they plants? If so, the evidence is mounting against them.) And of course, I very soon realized that they are not interested in employing me, but enlisting me.
However, despite the disquiet their methods left in me, I want to know more. I told them I was not going to drink the kool-aid, (not in those words), and no, I didn’t want a complimentary financial analysis (because literally there is nothing to analyze), and when pressed for my reasoning I told them that they sounded like the amway of financial management services, (in those words). However for a short time they did preach the message of debt relief, (and how do they get away with dissing credit cards when they belong to CitiGroup?), and the importance of investing and the utter stupidity of whole life insurance. All of which I do agree with. Also, they mentioned that they were the company working for teeny tiny small investors.
So, I want to know if any of you have had dealings with this company and if so were/are you satisfied with the results. As a client? As a broker? Do you really get all your (small) fees back when you complete training? What’s the straight dope?
ETA: I did google Primerica and multilevel marketing, but didn’t get any decisive answers.