Subject: Re: Re: Re: Re: Re: Deceptive Practices?

Comments:
: : Logic?, : : I have to disagree with you on your posting. The reason other companies are more competitive with their term prices has to do with placement ratio and persistency. Primerica does not do good in these areas. : : The reason is because you usually get new recruits to buy a policy and when they leave in 6 months there is a good chance that they will drop their policy and we all know that an insurance company does not make any money from a term policy until about the third year. Insurance companies do not sell "loss leader" products subsidized by the sale of other products. Each product must stand on its own and be profitable or else they stop selling it. : : There are a lot more educated people than you think. About 95% of my business is term insurance and it is what my clients ask for. The other 5 percent is permanent insurance that, once again, my clients have asked for. Every product an insurance company sells has its time and place and unfortunately, just like you have, we have agents in our ranks that are more concerned about commission instead of taking care of their clients. Those agents usually don't last long. : : Most of the clients you work with are the ones that the "newbie" agents cut their teeth on and the ones that go for commission are quickly gone and their product is replaced. The agents that have learned how to take care of the client first are the ones you never get to do business with. : : I have encountered deceptive practices in Primerica. It is deceptive to call someone on the phone and tell them that you are a hiring manager for a division of Citigroup and that you are looking for managers to open up multiple new offices in the area. : We don't do this. Don't make up stories about what Primerica does. We don't call people an offer them positions as a "manager". I never do this, my upline never does this, neither does his RVP and that RVP's RVP or the SVP. NO ONE IN MY BRANCH OF PRIMERICA DOES THIS. You are the one being deceptive here by making up stories as to what we do in Primerica. : Why is this deceptive? First of all, you are not a hiring manager in the true sense and you do not have any new offices opening. I was taught to say a variation of this text, (that's because when I was with them it was still Primerica Corporation and Travelers and Citigroup were not part of the picture yet.)I was taught to say as little as possible, the goal was to get them in the office to hear the orientation. : : The main problem I have is with the recruiting practices. It tends to be all hype and they have the typical MLM mentality of wanting to brush aside any questions and just keep everyone pumped up. It was scary seeing some of the people that were going to be in charge of someone's financial future. The knowledge level was kept low and it was substituted with hype and rah-rah. : So it boils down to the fact that you "don't like" : Primerica's recuiting practices. So anything you "don't like" is deceptive? : : What you don't realize Logic? is that the statements and comments you are making are the same that every other Primerica person has made and that leads us to believe that you all are just taking what your upline says at face value and not doing any of your own research. Go and truly do your homework and talk to independent agents, (not captive agents), and you will see that there are a lot of good agents out there servicing their clients. : Don't you realize that the statements YOU make are JUST THE SAME as everyone else on this messageboard that dislikes Primerica. If I followed your line of reasoning, I would think that some invisible "higher up" is causing all of you to think the same way. However, I am reasonable and sane, and realize that everyone thinks relatively independently, and that the people disagreeing with Primerica probably came up with their ideas (at least somewhat) on their own. Obviously, you are not reasonable enough to realize that it also works the other way. Just because a Primerica rep says what most other reps say, and because he agree's with Primerica, doesn't suddenly mean that he didn't come to his conclusions on his own. To believe that the upline is the "manipulative force" in driving Primerica reps to think the way they do and to villify "him" (arbitrarily) as some kind of "ultimate bad guy" not only unreasonable and immature, but it also shows a serious lack of critical thinking skills.

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