As part of the settlement, Citigroup also agreed to pay a $100 million fine and to reimburse issuers of municipal auction-rate securities for all refinancing fees they have incurred on auction-rate securities issued through Citigroup between August 1, 2007 and February 11, 2008. Our we selling juice here? In a terminal situation there may be other expenses especially if there are LTC cost without a LTC policy. Everyones work benefits everyone. This is true. I can only hope most people reading this can see that is what you are. If you really were a Primerica RVP, you would know that posting here as an agent can get you in trouble. 4. Why would I lie? Yes PFS wasnt for me. Im a college student..that was like being richlol) So, I got an interview, one on one with the RVP Chris Boyd (Baggiero Hierarchy) ( yes one-on-ones are called interviews and group sessions are called opportunity orientationsmakes sense to me.) These idiots act like we have not done the research on the company, know the controversial nature of the business model, and want to try it out anyway. There were a couple of turn-offs for me. You could ahve done something unethical, or improper. Two different streams of income from two different companies. I am 100% Lately, those same new recruits have been used to replace the folks with tenure.gee, I wonder why? Just look at the bank closures. Ive done corporate recruiting and guess what, not everyone wants to change thier life to a MLM anyone with a pulse can be a client life style, and believe me a salary PLUS commission is for the talented and truly competent; I agree, but to get there you need to give up time and money. Some choose to stay home and watch tv, some choose to be scared on not pick up the phone and call to CREATE BUSINESS by setting appointments. Thankfully, it has gotten a lot of comments pointing out some of the pros and cons of primerica from insiders, those who left, and others who had been recruited. Second, like it or not, the opportunity to make more money to bridge the income 5. 35 year guaranteed term It is called how much can we lie cheat and steal from the Middle American Family with products that will not help them retire, do not completely insure them ( Just look at teh implosion rate of Cash value), and that will make us rich our agents rich, and will make sure that our clients will need us for their entire life. Companies needing to be bailed out. I challenge you to prove your post. So please if they recruit young kids great. James @ 12:42 pm I found a blog of a Primerica rep if anyone is interested. Second, how many of these people have a terminal illness like cancer but live longer. But since you failed to respond to my point, why not cover ever possible scenario for the person. Well let us go through your plan. For a person who is just a client you seem to drink from the same kool-aid pitcher. Sounds like a pretty selfish reason to wait, IMHO. Remember that under their contract they do not own the clients or agents. Or its CHEAP because its not going to last long with the client because your goal and your companies goal is to sell them(client)another product, to make another higher commission and more profit. But isnt the main point of owning a business is to have a key. Every competent adviser tells people to stay away from Cash Value, or Trash Value Life Insurance. Do you like paying for POL, Call Atlanta, marketing material, leadership school, and training (hype sessions) . Now if you are retired and have a lump sum you want to make sure you have a set pay out, then a Fixed Annuity is OK. Other wise if you need to make money off this money, you need to have a higher interest rate than just above inflation. If you start late, you need to take more risk. As an independent contractor why is it a good idea to have to give up a leg(s) to advance to a higher commission level? I hope they help, especially as an insiders info. I asked what makes the $900,000 earner in Primerica any better than you, who never broke $100K in 17 years. But to compare a Yugo and a BMW is laughable, just like you comparing the no value, to Primerica. Primerica business overview seminar is FREE. Now if I am doing business that is financial based, most people who are giving money to you expect you to have an office. the bad thing is that the loophole in the law says that you can close one business and open another one in the same type. I would love to verify this information. Thats why we as indpendents can also look at income protection. Any competent adviser says to stay away from Cancer policies since they are so narrow that they are not worth the policy. Why be part-time and captive? But its happened how its happened and cool. . They always say they are not the cheapest but I fail to find justification for the increased premium when most other companies issue guaranteed level premiums beyond 20 years and they do not. Now I ask you, do you have to meet quotas where you work? AIG American General Life And one more thing, since term is only usually paid for 10 years, and you have to have to pay to the end of the time, most ROP will not be paying out. Recruiting Primerica allows you to make money from marketing CITIs services whether you recruit or not. The trick is to find the perfect fit for your client not based on your commission but on what exactly what the client really needs. And you pay for E adn O insurance? But the Agent made his money!!! Did you know when I was younger the difference was atleast 10 years. And the no-compete clause I know some other companies have them and I dont necessarily think it is that big of a deal, but it is something to think about when planning your career dont you? That my friends is when I understood that this was a business. True its possible to start your own independent office and make more money than starting with primerica and working your way up. Offer the best product and services you can offer and if you believe in the product it will sell itself. . . That CPA that Tom dumped on, closed a variable annuity this weekend for $600,000. I think this is one of the better MLM systems. AIG you need to prove terminal illness within 12 months. As for drinking for the Same kool aid pitcher, I am curious is this how you handle people showing you how you make mistakes. If they are going to pay out any procedes early they are losing the use of some funds. Well then explore the four levels of measurement in detail, providing some examples of each. Tom as always you dont understand. Allow me to quote myself from my previous post: I never said that PFS was any better than another business, vehicle, or system. (But you are on a mission) Why are do you have to sell all those different products instead of focusing on helping one certain group like Primerica? You say you want someone who does the business on a full-time basis, how many agents at PFS are part-time? Thus far, through her we have invested over $1M in variable annuities, closed three loans, done four living trusts, and a number of life cases. Maybe the rep that rambled through some gibberish knew you were not serious, so he was probably trying to get rid of you. You know what concerns me more than the value you bring to your clients is the fact you do not spend any time proof-reading your posts. Is ti because you have no value to bring to the client other than lowest price.IF that is true then your clients will constantly will be looking for the better deal. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. If you need me to feed you ego, TOM YOU WIN! Tried amway/quixtar for a bit until I figured out that they really make their money from all the must have training CDs and paid seminars. Opinions have gotten us this far in a ditch. 1. Neither LegalShield nor its officers, employees, or sales associates directly or indirectly provide identity theft protection, restoration services, or advice. Then theres the difference between the ratings for men and women which some companies seperate and another may blend them together and rate as unisex.. Your just building for someone else. Interesting article! Custom Advantage policies, they are also automatically renewed at end of term based on obtained age only. So they are not doing anything illegal, but it is unethical. I seriously like the way everything is set up with primerica. 70. Except millions believed in Hitler, but everyone can see right through Toms arguments. Cash valve does not belong to the client; it belongs to the insurance company. They spread the word and the regional rep takes him/her on appointments and closes all the business making more on the business than the junior rep.. which u all think is justifiable but in reality the person with the actual relationship makes the most. I would also like to set some ground rules. Money. Angelica, think about itfor every person you switch to your company, Primerica and others switch easily the same amount to their company. Now why is that a better consideration? Well I posted that he was wrong with the Cost to get in and what it covers. But coming from a guy that does not even know what the deposit covers for joining, it does not surprise most of his knowledge on Primerica is wrong. AS for Disability Insurance: Again I have said this before byut since it seems you miss the point before let me repeat myself. Again with his opinions. Back it up. You do not need to pay to be incorporated or what ever, since you are jsut like James, an independent person. And then you can invest the difference in a mutual fund and have college for the kids. To me theres more to the industry than just passing a test. Want a job in this industry? I take this personally because____________. Sorry diversification is a text book wrong answer. Again, Since I am a client, I cant refute this. That doesnt improve the product any. They are betting on people either changing mid stream when they get some shyster, like you, to change a policy. Mr. Well informed client, It is a pleasure not continuing you little game. Prove to me which companies who sell term is a Loss Leader. I know you need to cover every illness? Or a mortgage broker not getting his back end money and telling the client he is not making anything on this loan. I am a christian as well. But I bet you will always have problems. Here are my definitions of a ethical company: One that does not use Term as a loss leader, or a last resort. When My dad died, the other insurance companies and independent agents directed us to 800 numbers. Since your lack of knowledge is evident here, How are we to trust your memory. Do you think having a plan getting out of debt is something every family should have? Yet at end of term with a certain company the client can use the ROP and turn it into a paid up policy. If you have achieved the designation of Regional Vice President in the Primerica sales force, even though this Agreement may have terminated, you will be entitled to earn any vested commissions, as defined in your Regional Vice I mean who would want to pay $1500 dollars to get licensed just to find out it is not for them? Sales are sales. As For cheaters, I do not watch shows that are on that level. Our focus is to help families get into a better financial situation than they are currently. You also get different levels of charging: Level 1, Level 2 and Level 3. They have term, which any competent adviser says to have over cash value. It cost more to get it by your self. As for ownership, You said in the right situations. This is talking about the scandel that happened all over the place. Product knowledge helps, belief in the product helps. And as a client I want someone to watch the store, to be full-time. Insurance companies that sell cash value, make more money on those products, they will use the Term as a loss leader. Well Fixed annuities are not good unless you need the money now. I really like the saying Buy Term and Invest the Difference. They were nortorious to lying cheating and stealing. Within each level, there are sub-levels based principally on experience and job performance. What state are you in? What about software? As I said before, in Primerica, every agent is under an RVP and the policies are scrubbed at the office level. I meant to say well-said Lynn. I appreciate the debate and discussion going on but as I mentioned in the article above, I need everyone to stay civil and also not use profanity. Do not want to be seconded guessed about your decision to buy term. You have to sell bad products to clients to make up the difference. The industry has not only caught up to PFS, but surpassed it. G stands for General. If they did then they would go elsewhere. . being part-time I bet your present broker will through a fit, and send his lawyers after you if you tried to take them. Since it takes 25 dollars to invest a month, it is worth having the money in your savings account. AS for what they do, let me ask you before 1980, who was going to middle America and saying you need to save money on your insurance, and invest the difference in mutual funds? They pay no office space, nor any salaries to the sales staff, just commission. I ahve been in sales, I am a sales trainer, and I am an owner of a sales force. You are definitely playing by the attackers play book. I see that most people here use the Insurance websites to show the need. And if cant understand a word use a dictionary. Normal term commissions start around 60% Tom and they are not limited to a $1,500 commissionable cap. i used primerica to get my licenses, then switched to a different business model. As for Errors and Omissions insurance, that is something independent brokers need, not captive agents need. Do you tell your future clients that you failed to lead a group to success and blamed the company you represented. Said this before what are the different levels in primerica since it takes 25 dollars to invest a month, it is a leader... I do not need to prove terminal illness within 12 months age only in trouble well then explore the levels. I bet your present broker will through a fit, and training ( hype sessions ) you ego, you! Earner in Primerica any better than you, who never broke $ 100K 17. 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