Subject: Re: Re: Re: Re: Re: Re: Re: Career change

Comments:
: From what I've seen in just the last hour of internet searching, Primerica is a scam. A scam for the representatives 'hired', and a scam for those suckered in. : I met a 'Regional Vice President' (there are a lot of 'Vice Presidents' running around around here) at a job fair. Gave him my resume, and he said he'd call in the next week. Two days later, he invites me for an overview (I think, ok, a meeting in a conference room or some sort, discussing the positions available in the company, etc.). : Last night, I show up, dressed nicely, with my portfolio with some resumes, etc., ready for the overview. Nothing wrong, I've had one of these sessions before (except it was AFTER I was hired at a large reputable company, 30 new hirees with a little video to watch). First person spouts the company motto, etc, how the company isn't trying to make a profit, it's trying to help people, yada yada. : Second guy (the one who recruited me), was next, talking numbers, how things work, how people save money, invest for higher returns (more on this later). : Third guy talks money. You can make $100,000 working part-time your first year, etc. : Then he mentions the $199. Sure, they justify it well. Sure, they justify that if they just ponied up the $199 for every would-be professional, they could lose out. What they fail to mention is that most companies who hire insurance/investment/refinance professionals pay for your training, and can afford to do so, as they only hire the most qualified person for an open position (Primerica has no cap on how many people they'll 'hire'). : Any mention of a money investment is a red flag, and the FIRST sign of a scam, anywhere. : Anyway, looking online today, to check on my intuition regarding Primerica, I find out that their wonderful refinanced loans fail to take a single important consideration. : Many people pay their taxes through their mortgage payments. Otherwise, one must show proof to the bank that they are escrowing their taxes. (The reasons for this are, that if you fail to pay your taxes for too long, a tax sale can result in a tax lean on your house, and tax leans take priority to mortgage payments, and banks don't like that). : You don't pay your taxes through Primerica. : Your mortgage payment may be $1065 (I think that was the number they used) a month. Through Primerica, you'll pay $600 a month, and pay your mortgage sooner. Seems all good, until you realize that taxes aren't included. Have fun paying $600 in taxes with your $465 savings ;). : (All numbers are arbitrary, used only for argumentative purposes. I can't be bothered to calculate, too tired).

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