beachtoad Posted November 12, 2008 Report Share Posted November 12, 2008 Anyone had any dealing with this company? Good or Bad? What can you tell us about them? I really didn't know where else to ask about them. Thinking about moving my investment over to them. NCBBA # 12580 Link to comment Share on other sites More sharing options...
HugeDinghy Posted November 12, 2008 Report Share Posted November 12, 2008 had a buddy who worked the refinance arm of the company..seemed like a cult to be honest Link to comment Share on other sites More sharing options...
c4charlie Posted November 12, 2008 Report Share Posted November 12, 2008 I am sure it is a company who provides many loaded investements in order for their salespeople to get a cut of your hard earned money. Not sure where you're investments are currently but I would highly recommend some Vanguard funds which will have a lot lower expenses than going with Primerica. As far as their life insurance, I think that their philosophy of getting term insurance for when you are younger and a lot of financial responsibilities (house, college, ets). Later in life, you should be accumulating savings (retirement and other) so you do not need as much life insurance. That is why I would definitely stay away from whole life policies where many companies advertise life insurance as an investment vehicle with a mediocre rate of return. Link to comment Share on other sites More sharing options...
Soundfisher Posted November 12, 2008 Report Share Posted November 12, 2008 It is a cult and I wouldn't trust them. Ex-girlfriends bro in law worked for them. That there is a shady operation. Kikkoman Pro Staff Link to comment Share on other sites More sharing options...
HugeDinghy Posted November 12, 2008 Report Share Posted November 12, 2008 It is a cult and I wouldn't trust them. Ex-girlfriends bro in law worked for them. That there is a shady operation. right?! Was strange when the primerica guys were at his house..they gave me the heebie geebies....snake oil saleman the entire lot of um Link to comment Share on other sites More sharing options...
EBHarvey Posted November 12, 2008 Report Share Posted November 12, 2008 Poorly-trained hacks from what I've seen. The business plan seems to be based on selling 6 and 63 licenses to people they've convinced that they need them, then having those people hawk mutual funds and insurance to their friends and relatives. Its about the last place I'd ever move my money to. I prefer peace. But if trouble must come, let it come in my time, so that my children can live in peace. Link to comment Share on other sites More sharing options...
beachtoad Posted November 12, 2008 Author Report Share Posted November 12, 2008 I am with Fidelity now.Or course what he shows me and tells me I should do better with him in America funds. I mean really I don't know Sh** about all this investment stuff. He showed me some stuff on on Morningstar on how my funds are invested now and says I am not "diversified" enough and the fund are all to new. NCBBA # 12580 Link to comment Share on other sites More sharing options...
fishinambition Posted November 12, 2008 Report Share Posted November 12, 2008 I was contacted by them about 5 years ago for employment. The person I spoke to told me that my name wa submitted to them by someone I know, but refused to tell me who. Very strange and plenty not right over there. Link to comment Share on other sites More sharing options...
Scissorman Posted November 12, 2008 Report Share Posted November 12, 2008 I almost worked for them. I bailed after one class...Very pushy. Now shes away from convent she's gone wild.She's grown from a nice young lady to a child. Link to comment Share on other sites More sharing options...
Robert Williams Posted November 12, 2008 Report Share Posted November 12, 2008 My only experience with them was about 20 years ago. I was looking for work and got suckered into their program for a couple weeks. I realized there was something not right about the place and quit. Never did get a check from them. Link to comment Share on other sites More sharing options...
EBHarvey Posted November 12, 2008 Report Share Posted November 12, 2008 I am with Fidelity now.Or course what he shows me and tells me I should do better with him in America funds. Why "with him"? You can set up an account yourself with American Funds. Why not simply diversify within Fidelity - if you move your money between funds in one fund family you typically won't get whacked with sales charges. If its primarily a matter of not being adequetly diversified (something I wouldn't be taking the Primerica rep's word for) there's no reason to switch fund families and get whacked for another 5% in sales fees. Keep in mind too, that in a down market its really easy to show someone a group of funds that have out-performed what they're invested in simply by using an allocation model more heavily weighted in bonds. This doesn't mean that its the proper allocation for you at this point in your life - its just a really easy selling point in this environment. If they're using those kind of tactics to snatch up assets now, they're probably costing people a lot of money since moving into a more conservative allocation at a market bottom diminishes a person's opportunity to participate in the rebound. I prefer peace. But if trouble must come, let it come in my time, so that my children can live in peace. Link to comment Share on other sites More sharing options...
beachtoad Posted November 12, 2008 Author Report Share Posted November 12, 2008 The guy himself is not pushy at all. Is there anywhere you can read if they have any complaints or lawsuits filed against them? NCBBA # 12580 Link to comment Share on other sites More sharing options...
beachtoad Posted November 12, 2008 Author Report Share Posted November 12, 2008 The crappy thing is we went to one of our local schools to take a course at night on Retirement. This is how we got hooked up with this company. NCBBA # 12580 Link to comment Share on other sites More sharing options...
Ditch Jigger Posted November 12, 2008 Report Share Posted November 12, 2008 Can you say pyramid scheme? The only way to make real money at it is to bring in people below you on the pyramid. You'll make a little money selling, but the real trick is to bring in others to sell. You'll get a piece of their commissions, as will the people above you on the pyramid. However, if you are interested in working in the insurance/investment field, it's a way to get started. They'll use you, but you can also use them and their training to your advantage if you go in with your eyes open. However, if you're just interested in buying insurance instead of working as an agent, they have good products priced fairly. And I believe that they are part of Citigroup, so you should have no worries about their solvency. "…if catching fish is your only objective, you are either new to the game or too narrowly focused on measurable results.” - D. Stuver Link to comment Share on other sites More sharing options...
HugeDinghy Posted November 12, 2008 Report Share Posted November 12, 2008 Can you say pyramid scheme? The only way to make real money at it is to bring in people below you on the pyramid. You'll make a little money selling, but the real trick is to bring in others to sell. You'll get a piece of their commissions, as will the people above you on the pyramid. However, if you are interested in working in the insurance/investment field, it's a way to get started. They'll use you, but you can also use them and their training to your advantage if you go in with your eyes open. However, if you're just interested in buying insurance instead of working as an agent, they have good products priced fairly. And I believe that they are part of Citigroup, so you should have no worries about their solvency. they are part of citigroup Link to comment Share on other sites More sharing options...
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