Subject: Re: 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. : : Well I am sorry you feel this way, but since it is regulated by several state and federal agencies, It can't be a scam. No more than buying a franchise. : : 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.). : Well if he is doing that, then he is not recruiting like most people. Job Fair attendees are looking for a position not an opportunity. That is why most recruiter trainers stay away from them. : : 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. : Well Since this is a lie, and your email address seems to go no-where, I have a funny feeling you never really attended a meeting. Especially since the apporved presentations does not say anything about 100,000 in the first year at the part-time level. It takes you having a team and usually atleast 18 months to 24 months to get to that level, if you are focused. ( WHich most people are not, and that is the reason why most do not succeed. Most people need to have a boss standing over them and making sure they do the work.) : : 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'). : Wrong again. SInce this is not a job, but a business opportunity where you ahve a business, you are not an employee. IN most companies they will hire you after you pay for the class and pass the test. It is only then the money you pay out is reimbursed. This can be months later. ANd then you are trained ( If you call given a pohone and a 30 minute pep talk, training.) : : Any mention of a money investment is a red flag, and the FIRST sign of a scam, anywhere. : I am funny. To get involved with McDonlads, does it require you to have a $1 million net worth? And doesn't most businesses require someform of buy in? : : 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. : Well this person doesn't ahve a clue. SInce we are part of the company, we set up escrow accounts for the clients. In doing that the interest is given to the client and not to the bank. Then you are responsible to pay the taxes and insurance, but you do get to keep the interest. Now I know that $36 dollars is not a alot of money a year, but then it will pay for a dinner out, for that family. ANd if you think about all those accounts that the banks are making free interest off of, and that does not include the times they are late with paying these bills. : : 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 ;). : : Again this person defintiely did not go through any training nor does he know how Primerica works. Sinc we set up[ these escrow account in money market accounts the client will get the interest instead of the Bank. I am curious who do you think the client wants to keep that interest, themselves or the bank? : : (All numbers are arbitrary, used only for argumentative purposes. I can't be bothered to calculate, too tired). : : Since this person is not willing to spend the time necessary to give straight answers he is problably making these comments up. : The next thing he will be saying is that the company pockets the $199 if the person quits.

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