Primerica is interesting because unlike most MLMs that sell physical products, it sells term life insurance and financial services. Agents need actual licenses to sell. The argument is that this makes it more legitimate than product-based MLMs. But I have also heard that Primerica policies tend to be more expensive than comparable term life policies from other providers. And the recruitment-heavy culture seems similar to any other MLM. Anyone here have experience with Primerica? Is it genuinely different, or just an MLM with a financial services wrapper?
Primerica is interesting because unlike most MLMs that sell physical products, it sells term life insurance and financial services. Agents need actual licenses to sell. The argument is that this makes it more legitimate than product-based MLMs. But I have also heard that Primerica policies tend to be more expensive than comparable term life policies from other providers. And the recruitment-heavy culture seems similar to any other MLM. Anyone here have experience with Primerica? Is it genuinely different, or just an MLM with a financial services wrapper?
Thank you for sharing this. I wish I had read something like this before I joined my company. It would have saved me a lot of money and some friendships. I am sharing this with anyone who is considering joining an MLM.
Before joining any MLM, ask to see the income disclosure statement. Not the success stories on stage - the actual numbers showing what percentage of distributors earn at each level. If the company does not publish one, that is a massive red flag.
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