questionsdoes anyone have experience with primerica?


This screams MLM (multi level marketing) scam. I doubt their financial products are any good (those commissions have to come from somewhere): the whole pitch is to recruit other "salespeople".


28 years ago when I bought my $32K home, I was single, 25 years old and earning only $12,500 a year. When I decided to stop renting and buy I got laughed out of almost every real estate office in town, till I found a newly minted agent who'd never sold a house and took me on as her first customer. She was able to get me a mortgage, but because the system is rigged to make poor people poorer, the best interest rate I could get was 9.5%. 15 years later, my boss at work quit and went to Primerica, and got me refinanced at 6% interest. Still not good, but better than what I had. A few years ago I did a major remodel and my credit union refinanced me at something like 3%, with a payoff date set to coincide with my retirement date in a couple of years. My life would have been so much better when I was younger if I'd been able to get a lower mortgage rate, but it still worked out as my house payment was lower than my rent and my home has tripled in value in the 28 years I have owned it.


My wife an I met with a Primerica financial advisor a couple of weeks ago. He called us after he had met with some friends of ours who apparently offered up our contact info (hmm...). I asked a lot of questions about his company, fee structure, etc., and I wasn't personally impressed. He worked solely on commission. Although that, by itself, is not bad, he was also not able to provide any satisfactory reassurance that he was focused on us and our goals, and not him and his goals.

The best financial advisors that I've worked with have charged an hourly rate for service, or charge asset management fees (which can also be tricky, since some funds charge higher fees than others).

Although their employment systems (as is the case with many similar companies) are a bit 'scammy', they are offering legitimate financial products. You just need to decide if they're right for you.

My expertise on the topic: I used to recruit for a life insurance company and direct competitor of Primerica.


I work for another financial services company and they are one of our competitiors, so I have a passing familiarity with their business.

First. their sales model is MLM, so it's definitely not worth being a sales rep. And that can contribute to some aggressive sales tactics.

However, long story short, for consumers they do offer legitimate financial products. They are most well known for term life insurance. Whether it's worth buying these products depends on what they specifically offer and how they work for you. No way I can provide any intelligent guidance without knowing a lot more information. But don't worry, it's not a scam, though it might be a product not appropriate for your friend.


A "friend" brought a rep to our house probably 15, 20 years ago. Being financially ignorant at that time, we assumed they knew more than we did. I don't remember what we signed up for, but it was something. After a couple of years we had a financial advisor and he got us out of everything. I've heard nothing good about them.


I am a consultant with Primerica. The company has helped me greatly with understanding my finances and having a financial game plan to follow. I chose to learn about the services and the culture of the company through a fantastic office. I suggest to all of my clients that you check out my office a get a feel for our philosophy. People have to feel comfortable with the person they choose to work with. The company is fantastic to me and I have had a great experience with the business and relationship aspects. I chose to do my own investigation and learn more about the company from the inside. They give people an excellent opportunity to learn a business many would have the chance to. You must work with people you are comfortable with,period. The company is publicly traded under PRI, the stock price has doubled since hit the market(IPO) in April 2010. Realize Its also an opportunity and if it was easy evryone would do it. Thats no different that any opportunity,right?


@mr4financialfreedom: How very coincidental that you showed up and registered today just in time to tell us what a great company you work for and why we should trust it.

Even though every sentence you wrote is full of little bumper-sticker slogans and motivational-speech phrases, you wouldn't tell us anything that wasn't 100% upfront and honest, right?


Speaking of 100% upfront and honest, that is exactly what Primerica is not. I'm not saying there is absolutely nobody that has ever gotten any benefit from them whatsoever, that is clearly false. But what they do is prey on the ignorant. Their entire purpose in life is to get you to move all your loans to them. Mortgage, car, credit card, whatever, figure out how much debt you have, then they will loan that amount to you. Will they educate you to then stop using so much debt? Aw, HELL no. In a couple years when you are again crushed under the weight of your own ignorance/debt...come back, we'll refinance and save you again!

Now, like I said, there are people who do benefit from this. But those aren't the people Primerica targets. Bottom line, they do NOT want to help you get out of debt...they want to help you get in debt to them. Bit of a difference there.


Primerica is a great company we help families get out of debt, we help families with pre paid legal, debt watchers, car insurance, home owners insurance, help them secure a future for their family by helping them obtain financial education . Primerica educate families tell me this what other insurance company will do that except just take ur money ....but we not only sell our clients what's best for them and if it won't benefit them we won't recommend it or sell it to the ....we do right by our clients not once but every single time .


Primerica's term insurance is pricey, their investments have high fees, but the worst part about them is their whole MLM pyramid system. According to their annual reports, since 2009 alone, over 1,500,000 people have joined then left them. Those numbers, tho shocking, are straight out of their own annual reports (viewable online). Their reps will tell you how lucrative it is to join them, after paying a fee of course. Their whole focus is more on recruiting that insurance. They may as well be selling pots and pans, the products are totally secondary.