Subject: Re: Re: Re: Re: Re: Re: Primerica is MLM by legal definition

Comments:
: George Makes a comment that has no bearing on Primerica, since the philosophy that we are talking about is being said by any competent advisor. So that he and others do not make a mistake on what a competent advisor is, they are peopllwho make the best choice for their clients, and not for themsleves. That would remove anyone that says to use cash value as a savings tool. That would remove anyone who says that cash value is a great way to save money for retirement, college. It is a great way to protect your family. : The only person that cash value helps is the person selling it. They make fat commissions and fat residuals. : : : : : Sorry, but I disagree. Since you are whipping out your "LEGAL" stick, I'll address it from that perspective. : : : : : 1) Is Primerica "any person, firm, corporation, or other business entity"? Yes. : : : : : 2) Does PFS "sell, distribute, or supply for a valuable consideration goods or services" ? Yes. : : : : : 3) Do they do 2) "through independent agents, contractors, or distributors at different levels"? Yes. : : : : : 4) Can "such participants recruit other participants" ? Yes. : : : : : 5) Are "commissions, cross-commissions, bonuses, refunds, discounts, dividends, or other considerations in the program paid as a result of the sale of such goods or services" ? Yes. : : : : : 6) Are PFS reps paid for "the recruitment"? *No*. : : : : : 7) Are PFS reps paid for the "actions, or performances of additional participants"? Yes. : : : : : PFS fails point 6, therefore, LEGALLY (your word) its not an MLM. : : : : : Yes, I admit I'm arguing semantics. But you started it. If you want to toss down the "LEGALESE" gauntlet, I dont mind picking it up and smacking you with it. I proved that one tiny phrase in your legal definition doesnt apply, therefore, in LEGAL terms, Primerica isn't an MLM. : : : : : But, dont get me wrong. An MLM is a very good way to market products and services. I think it was smart for PFS to take some parts of the MLM business model and use them to their advantage. Every one knows that the biggest downside of real MLMs are that you have to pay to join, and that payment is paid to your recruiter, and thus is a form of incentive to recruit. Since that *fundamental* MLM mechanic *does not exist* at Primerica, it is not what anyone would consider an MLM by common definition. : : : : : In addition, if you read JAXX reply in the other thread, he stated (and I quote): : : : : : JAXX: "IF I HAVE A GOOD AGENT, I CAN INCREASE HIS COMMISSION. I MIGHT WANT HIM TO HIRE AGENT. I CAN GIVE HIM A 10% OVER-RIDE AND STILL MAKE MONEY." : : : : : JAXX: "LET'S SAY THAT I HAVE A REP. THAT WANTS TO HIRE SOMEONE. HE CAN DO THAT. I CAN PAY THE RECRUITING REP. AN OVER-RIDE. I CAN INCREASE THE REPS. COMMISSIONS" : : : : : That is no different than at Primerica, except that at Primerica, all the numerical details are already fixed and set into a pre-defined program, whereas Jaxx is "winging it" and doing it all by himself. So, according to YOUR definition of an MLM, If Primerica is an MLM, then Jaxx, and really, *EVERY* Financial Broker, is an MLM too! : : : : : Hows that crow taste, by the way? : : : : You may not be paid a "dollar" figure for recruiting but the fact that promotions at Primerica are based on recruits and life insurance says to me that in essence you are "paid" for recruiting. You cannot move to RVP without recruiting a set # of associates!!! : : : : I also agree that the MLM is not the point with Primerica. There is a reason people that leave are so passionate about their experiences at Primerica. They feel like they have been betrayed. : : : A couple of things that you missed: : : : A MLM you need to be paid cash for recruiting therefore you are wrong with the recruiting part. : : : Second, to be the problem is not with Primerica Betraying the new associates, but the new associates try to do it there way. I am talking about those that do not want to be trained until they make money. Or they do not want to come to training. Or the ones that think they know better than the leaders in the office. These are the ones that do not survive in Primerica, and are usually the group that are on these boards saying that Primerica does not work. : : : Primerica does work, the only problem is that most people lack three things: Persistance, OWrk Ethic and ability to be coached. : : Whoops, I think you meant to say "ability to be brainwashed" instead of "ability to be coached." : No I mean coached. But you can believe what you want. But the coaching I get from Primerica was easily transfered to my full-time position. : Also brainwashing has nothing to do with Primerica. You are confusing training with brtain washing, something only people with limited mental copacities seem to do. Primerica no more brainwashes its people than McDonalds Brainwashes thier owners. The only difference between the two systems is that in Primerica you do not need the 1 million dollars to buy in. It is only a $199 good faith deposit. If you follow what the training says you get it back, if not you still ahve two licenses that you can take with you. : : Big difference!! Primerica is not looking for anybody that has an original thought!!! Only ones that are easily manipulated into thinking the Primerica way.!!!!!! : George if that was true then we would still be with Travelers and not CitiGroup. We would not be in Home Loan originations and not just refis. We would be in one to two MF not the dozen we can handle now. We would not be doing annuities. So your statement is incorrect, like so many of your posts.

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