Primerica is Scam, Pyramid . . . In my oppinion there are bigger scam in Financial Industry (i.e. Banks & Wholelife Insurance Companies). Banks, they can legally robbing middle income families by selling them GIC at 3% - 4% and entice them taking line of credit or credit card at 9% to 19% (that is 5% to 16% profits for the banks) . . . Do you ever wondered why Banks and Whole Life Insurance Companies are the most profitable Corporate Canada and the middle income Canadian Families are drowning in Debt? By the way why do banks charged customers fees using their money? . . . You've been scammed by you bank!
Mortgage Life Insurance, this is another biggest ripped-off by banks for selling it to the home buyers. http://www.cbc.ca/marketplace/2008/02/06/in_denial/
Primerica does not offer a Job . . . Primerica is offering a business (I guest if people still in employee mentality, they just don't get it).
Primerica is Pyramid??? . . . The person on the top is making the most money! . . . So why are people working in Wal-Mart or other Big Box store are making minimum wages, the supervisors are making slightly more money than the people they supervised . . . the department mangers are making more money than the supervisors and the store managers are making the most money about 4 to 5 times more than the bottom position? In every Corporate Canada, people at the bottom who do the most work are making the least amount of money, the people who are at the top are making the most money and the people at the bottom of corporate pyramid have very little chance to move-up to the corporate ladder - Mmmmm it looks like Pyramid or MLM or what ever you want to call it.
What about the company you work for . . . . do the owner or your boss making more money than you are and you do all the work? Mmmm . . . it sounds like MLM to me . . . someone else is making money of your effort.
Doesn't matter where people work, if the company, the boss or the business owner is not making profit of your work . . . you wouldn't be in their pay roll . . . because you are no longer asset, you are becoming liability to them.
The only way no body making money of you is becoming self-employee.
Primerica is not for lazy people . . . . Lazy people love to be slave to their job and making minimum wage.
Primerica is Scam? People . . . you like it or not you are being scam every day without realizing . . . i.e. I have no problem purchasing an item at higher price than buying from bulk . . . I understand company has to make profit and to cover overhead expenses, but paying $1.25 for a bottle of water from Tim Hortons or other restaurants when only cost about 12 cents in bulk sore . . . To me it's scam. Do you ever rent a car or book a hotel? Do you realize that they scammed you (Cheaper in mid week, they charge you more in weekend)?
You have been scammed by your cell phone carrier (Bell, Rogers, Telus & Fido) for non-regulated $6.95 access fee or license fee on your cell phone . . . Where do you think this fee goes to? It goes directly to their profit margin!
By the way Primerica's FNA is the best plan in the business.
So for everyone in this board . . . If you think Primerica is scam, talk to your bank manager or your insurance agent of your financial planer and ask them for a written Financial Game Plan that shows you your "Debt Freedom Date and Your Financial Independent Number and how to achieve your Financial Independent.
LLQP: This complete course in local colleges are costing the students approx. $7,000 - $8,000 with text book, provincial License registration is $150 and 1 year E&O cost over $1,000. - Primerica only charge $99 - this is no brainer (I guest most people have no brain).
The last things is - Why 95% Canadian are broke (Oh yeah . . . because they have a good job). Why other 5% are wealthy (Oh yeah . . . 80% of that 5% they don't have a job . . . they have business).
So . . . the conclusion is if you don't mind being broke, stay at your job, but if you want to become wealthy & successful . . . get into a business. Primerica is not the only real business you can get into, but don't expect paying $99 to get into other a real business (not self-employee).
Become Wealthy & Successful is not easy . . . If easy everyone will.
