Any experience with Primerica?- Budget101 Discussion List

Hi all ... has anyone had any experience with Primerica? They are a part of Citigroup, and they're geared towards meeting with families trying to help them plan their financial future -- get out of debt (usually via a refinancing), make sure you've got enough insurance to cover your

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  1. #1
    jpoo68
    Guest

    Default Any experience with Primerica?


    Hi all ... has anyone had any experience with Primerica? They are a

    part of Citigroup, and they're geared towards meeting with families

    trying to help them plan their financial future -- get out of debt

    (usually via a refinancing), make sure you've got enough insurance to

    cover your financial needs, and of course retirement planning. When I

    looked online a little, the main complaints I've come across is that

    they're almost like a multi-level marketing thing -- trying to recruit

    others to come on board and start pushing the services, convince

    others to do the same (kind of like Amway). That's not anything I'm

    worried about, the guy who met with us does not seem interested in

    that, just in helping figure out our financial plans. But I have to

    admit, some of it sounds a little too good to be true -- their

    investment package for retirement typically does 12% annually? Their

    refinancing deal will not add any time to your current mortgage

    length, and in fact will often cut the time half? You know what they

    say, if it sounds too good to be true ...



    I don't know, I hate to sound skeptical. But I also don't want to be


    naive. So anyway, anyone have any experiences or info on them?



    Jill








  2. #2
    Monique Burkes
    Guest

    Default Any experience with Primerica?


    Yes, they are MLM. But, yes, they are a good company if you are a customer. No gimmicks. I don't think that they are still under Citi's umbrella, though. I thought they broke apart a few years ago. Just like any other captive insurance agent, he can only refer you to HIS products, but if they save you money there is no harm. And, unless you have lots of money for investments and life insurance, he doesn't make very much money from you - so its not all about the money for him.


    Good luck. I hope they are able to help your family save.


    On 8/6/07, jpoo68[/b] <jpoo68@yahoo.com> wrote:







    Hi all ... has anyone had any experience with Primerica? They are a
    part of Citigroup, and they&#39;re geared towards meeting with families
    trying to help them plan their financial future -- get out of debt

    (usually via a refinancing), make sure you&#39;ve got enough insurance to
    cover your financial needs, and of course retirement planning. When I
    looked online a little, the main complaints I&#39;ve come across is that
    they&#39;re almost like a multi-level marketing thing -- trying to recruit
    others to come on board and start pushing the services, convince
    others to do the same (kind of like Amway). That&#39;s not anything I&#39;m
    worried about, the guy who met with us does not seem interested in
    that, just in helping figure out our financial plans. But I have to
    admit, some of it sounds a little too good to be true -- their
    investment package for retirement typically does 12% annually? Their
    refinancing deal will not add any time to your current mortgage
    length, and in fact will often cut the time half? You know what they
    say, if it sounds too good to be true ...

    I don&#39;t know, I hate to sound skeptical. But I also don&#39;t want to be
    naive. So anyway, anyone have any experiences or info on them?

    Jill



    --
    Monique
    Euclid, OH


  3. #3
    Carla Gentry
    Guest

    Default Any experience with Primerica?


    I had a &#39;job interview&#39; with Primerica three years agoand it was a scam. Primerica is a mulitilevel marketing company and they begin by trying to get you to buy whole life insurance and when you &#39;sign up&#39; as an independent rep you pay $99 to take a class to not learn the insurance laws for your state but a class that is geared to get you pass the test. Their reps start off selling whole life insurance and then move onto other finaicial products which they attempt to sell to friends and family. Their rates are higher than market rates on most of the products. My suggestion is to stay as far away from Primerica as possible. Do a google search on them and you will find them written up on ripoffreport. Follow your gut instict, they are very much a multi-level marketing company.



    On 8/6/07, jpoo68[/b] <jpoo68@yahoo.com> wrote:







    Hi all ... has anyone had any experience with Primerica? They are a
    part of Citigroup, and they&#39;re geared towards meeting with families
    trying to help them plan their financial future -- get out of debt

    (usually via a refinancing), make sure you&#39;ve got enough insurance to
    cover your financial needs, and of course retirement planning. When I
    looked online a little, the main complaints I&#39;ve come across is that
    they&#39;re almost like a multi-level marketing thing -- trying to recruit
    others to come on board and start pushing the services, convince
    others to do the same (kind of like Amway). That&#39;s not anything I&#39;m
    worried about, the guy who met with us does not seem interested in
    that, just in helping figure out our financial plans. But I have to
    admit, some of it sounds a little too good to be true -- their
    investment package for retirement typically does 12% annually? Their
    refinancing deal will not add any time to your current mortgage
    length, and in fact will often cut the time half? You know what they
    say, if it sounds too good to be true ...

    I don&#39;t know, I hate to sound skeptical. But I also don&#39;t want to be
    naive. So anyway, anyone have any experiences or info on them?

    Jill






  4. #4
    Tonya Hervonen
    Guest

    Default Any experience with Primerica?



    I LOVE myPrimerica agent, she also happens to be a friend. She isn't pushy, just helps us plan for our future. They will give you a financial plan and redo it every year for you. Looking at what you have planned for retirement, college funds ect. They help you find ways to save money in your budget, and prioritize your finacial goals., they go over all your debt and give you a plan on how to pay them off fastest and most efficently. Its like having your own finacial planner and all they ask for is refferals to other people they can help.I have purchased our life insurance through them and a college plan for my son. Most people do want to feel secure in their future via life insurance, retirement plans, college funds and the like so they don't have to push anything, their products sell themselves. I felt like it was too good to be true too. They will do all this stuff for me? Whats the catch? But
    I haven't had any bad experiences with them yet and I have referred them to many of my friends and family.
    They even referred me to this site! I have been associating with them for 6 years and plan to go through them for more of my future needs.

    They get commision on the products that you do sign up for and I do beleive they get bonuses for signing new agents. They do not advertise so they get there business and employees on a word of mouth basis.
    <FONT face="garamond, new york, times, serif">


    <FONT face="Garamond">Tonya









    ----- Original Message ----
    From: jpoo68 <jpoo68@yahoo.com>
    To: Budget101_@yahoogroups.com
    Sent: Monday, August 6, 2007 12:33:45 PM
    Subject: Budget101.com : Any experience with Primerica?





    Hi all ... has anyone had any experience with Primerica? They are a
    part of Citigroup, and they're geared towards meeting with families
    trying to help them plan their financial future -- get out of debt
    (usually via a refinancing) , make sure you've got enough insurance to
    cover your financial needs, and of course retirement planning. When I
    looked online a little, the main complaints I've come across is that
    they're almost like a multi-level marketing thing -- trying to recruit
    others to come on board and start pushing the services, convince
    others to do the same (kind of like Amway). That's not anything I'm
    worried about, the guy who met with us does not seem interested in
    that, just in helping figure out our financial plans. But I have to
    admit, some of it sounds a little too good to be true -- their
    investment package for retirement typically does 12% annually? Their

    refinancing deal will not add
    any time to your current mortgage
    length, and in fact will often cut the time half? You know what they
    say, if it sounds too good to be true ...

    I don't know, I hate to sound skeptical. But I also don't want to be
    naive. So anyway, anyone have any experiences or info on them?

    Jill




    Choose the right car based on your needs. Check out Yahoo! Autos new Car Finder tool.



  5. #5
    Maja Drouin
    Guest

    Default Any experience with Primerica?


    One of our friends is with Primerica, he's a canadian and he's the greatest guy ever. Just my 2 cent. Thanks Maja

    &#32;

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    Alt i n. F Yahoo! Mail med adressekartotek, kalender og notesblok.


  6. #6
    Sherita Williams
    Guest

    Default Any experience with Primerica?




    I have heard co-workers and relatives that have had bad experiences with this company. In my opinion it can be categorized as a pyramid scheme.

    "jpoo68" <jpoo68@yahoo.com>





    <table width="100%" border="0" cellspacing="0" cellpadding="0">
    <tr valign="top"><td style="background-repeat: no-repeat;" width="40%">
    <ul>
    <ul>
    <ul>
    <ul><font size="2">"jpoo68" <jpoo68@yahoo.com><font size="2">

    <font size="2">Sent by: Budget101_@yahoogroups.com


    <font size="2">08/06/2007 02:33 PM
    <table border="1">
    <tr valign="top"><td width="168" bgcolor="#FFFFFF"><div align="center"><font size="2">Please respond to

    Budget101_@yahoogroups.com
    [/list][/list][/list][/list]
    <td width="60%">
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
    <tr valign="top"><td width="1%" valign="middle">

    <div align="right"><font size="2">To<td width="100%">

    <font size="2">Budget101_@yahoogroups.com
    <tr valign="top"><td width="1%" valign="middle">

    <div align="right"><font size="2">cc<td width="100%">


    <tr valign="top"><td width="1%" valign="middle">

    <div align="right"><font size="2">Subject<td width="100%">

    <font size="2">Budget101.com : Any experience with Primerica?

    <table border="0" cellspacing="0" cellpadding="0">
    <tr valign="top"><td width="58"><td width="336">





    Hi all ... has anyone had any experience with Primerica? They are a

    part of Citigroup, and they're geared towards meeting with families

    trying to help them plan their financial future -- get out of debt

    (usually via a refinancing), make sure you've got enough insurance to

    cover your financial needs, and of course retirement planning. When I

    looked online a little, the main complaints I've come across is that

    they're almost like a multi-level marketing thing -- trying to recruit

    others to come on board and start pushing the services, convince

    others to do the same (kind of like Amway). That's not anything I'm

    worried about, the guy who met with us does not seem interested in

    that, just in helping figure out our financial plans. But I have to

    admit, some of it sounds a little too good to be true -- their

    investment package for retirement typically does 12% annually? Their

    refinancing deal will not add any time to your current mortgage

    length, and in fact will often cut the time half? You know what they

    say, if it sounds too good to be true ...



    I don't know, I hate to sound skeptical. But I also don't want to be

    naive. So anyway, anyone have any experiences or info on them?









    <font size="1" color="#FFFFFF">.

    <font size="4" color="#FFFFFF">






  7. #7
    Carla
    Guest

    Default Any experience with Primerica?


    We used them about 4 years ago and they were very good with setting up

    a budget. Problem is we didn't stick to it. I found that the company

    has frequent personnel changes and in the end I did not know who to

    contact. The orignal person we started with had left the company,

    they did not have any email addresses or anything. Another person

    from another office contacted us but was not as good or knowledgable

    as the first rep. We ended up with a prepayment penalty and had to

    wait 4 long years to get out from under them. If you refinance with

    them they set up accounts for you and you pay your house taxes and

    insurance separately. The point of that is for you to be able to gain

    the interest. We had automatic deposit for the accounts but I got

    into trouble because I had access to the money that was suppose to be

    set aside for the taxes and insurance. I would use the money with the

    intent on paying it back and never did, so it left us short on paying

    or house taxes at the end of the year. Lots of mistakes on our

    part. Anymore question feel free to email me.








  8. #8
    lainey_jane1
    Guest

    Default Any experience with Primerica?


    We have used Primerica since 2001. (We do not "sell" Primerica) We

    have our life insurance with them and an Roth IRA. We have actually

    average an 11% return over the 6 years we have been with them. We

    are using an extremely aggresive fund right now since my husband and

    I are under 30. We never refinanced with them because we don't have

    the disipline to put our taxes and insurance into a money market.

    Doing a bi monthly payment plan equals to paying an extra payment a

    year. We took our monthly payment divided by 12 and pay that amount

    extra towards principal every month. My husband and I figured it may

    take 2-3 months longer than Primerica's way to payoff our mortgage

    but we like our taxes and insurance included in our mortgage even if

    we are lossing out on interest. Take advantage on Primerica's FNA.

    I liked the debt emlimination page were it tells you in what order to

    pay off your debt. My husband and I have no credit card debt and

    have not carried a balance on a credit card in almost 2 years. We

    are down to just our mortgage.



    If you are trying to eliminate debt may I suggest reading The Total

    Money Make Over by Dave Ramsey. Great book. He also has a website

    I believe you can ask him questions and he has a radio talk show

    too. He's great. I hope some of this helps. Let me know if you

    have any other questions





    --- In Budget101_@yahoogroups.com, "jpoo68" <jpoo68@...> wrote:

    >

    > Hi all ... has anyone had any experience with Primerica? They are

    a

    > part of Citigroup, and they're geared towards meeting with families

    > trying to help them plan their financial future -- get out of debt

    > (usually via a refinancing), make sure you've got enough insurance

    to

    > cover your financial needs, and of course retirement planning.

    When I

    > looked online a little, the main complaints I've come across is

    that

    > they're almost like a multi-level marketing thing -- trying to

    recruit

    > others to come on board and start pushing the services, convince

    > others to do the same (kind of like Amway). That's not anything

    I'm

    > worried about, the guy who met with us does not seem interested in

    > that, just in helping figure out our financial plans. But I have

    to

    > admit, some of it sounds a little too good to be true -- their

    > investment package for retirement typically does 12% annually?

    Their

    > refinancing deal will not add any time to your current mortgage

    > length, and in fact will often cut the time half? You know what

    they

    > say, if it sounds too good to be true ...

    >

    > I don't know, I hate to sound skeptical. But I also don't want to

    be

    > naive. So anyway, anyone have any experiences or info on them?

    >

    > Jill

    >










  9. #9
    ssas42003
    Guest

    Default Any experience with Primerica?


    Jill,

    My husband and I just closed our loan with them last week and so far

    we are very happy with everything. Our mortgage paymetn will be

    less than it was before and to excelerate it even more we had a

    option of making payments every other week which is half of the

    monthly payment automatically withdrawn from our checking account.

    Our 'agent' was not pushy at all did not force us to join and make

    this a part or like him full time job. We have the option of

    becoming a 'silent' partner with referrals of people we think this

    program could help. At the time we signed we had 22 years left on a

    30 year mortgage and now we will have our mortgage paid off in 15

    even sooner if we put more on the principal. They also showed us

    how we could possibly save on our auto, home, rv insurance and this

    is where we could earn some extra money by telling people about this

    and be a 'silent' partner. We really feel this is going to help us

    out quite a lot before we did this we were thinking about asking our

    bank if we could possibly do a bi-weekly payment plan to help

    relieve our monthly finances. If you have any questions email me

    off list and I will help you as best you can.



    Sarah

    Busymom of 3 girls in NE Nebraska







    --- In Budget101_@yahoogroups.com, "jpoo68" <jpoo68@...> wrote:

    >

    > Hi all ... has anyone had any experience with Primerica? They are

    a

    > part of Citigroup, and they're geared towards meeting with

    families

    > trying to help them plan their financial future -- get out of debt

    > (usually via a refinancing), make sure you've got enough insurance

    to

    > cover your financial needs, and of course retirement planning.








  10. #10
    Betty Taylor
    Guest

    Default Any experience with Primerica?


    I have not examined Primerica's products, and I'm not sure if those are good investments. (You're right, some do sound too good to be true.)<BR class="khtml-block-placeholder">However, my dh and I had someone from Primerica come and do a financial needs analysis and that was worth the time. More than anything, it was very good for dh and I to sit down together and both answer questions about our financial goals, how much we thought we needed to save, retirement, etc. The report we got back is interesting with good suggestions on life insurance etc.It didn't cost anything except a few hours of our time. The rep did ask several times for referrals to people we thought might be interested in hearing from Primerica, but we weren't forced to give names or anything LOL.<BR class="khtml-block-placeholder">--Betty<BR class="khtml-block-placeholder"><BR class="khtml-block-placeholder">
    On Aug 7, 2007, at 4:46 AM, Budget101_@yahoogroups.com wrote:<BR class="Apple-interchange-newline"><BLOCKQUOTE type="cite">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;"><SPAN class="Apple-converted-space">Any experience with Primerica?

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;"><SPAN class="Apple-converted-space"> Posted by: "jpoo68" jpoo68@yahoo.com jpoo68

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;"><SPAN class="Apple-converted-space"> Date: Mon Aug 6, 2007 7:39 pm ((PDT)) <P style="font: 12.0px Helvetica;">


    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">Hi all ... has anyone had any experience with Primerica?<SPAN class="Apple-converted-space"> They are a<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">part of Citigroup, and they're geared towards meeting with families<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">trying to help them plan their financial future -- get out of debt<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">(usually via a refinancing), make sure you've got enough insurance to<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">cover your financial needs, and of course retirement planning.<SPAN class="Apple-converted-space"> When I<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">looked online a little, the main complaints I've come across is that<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">they're almost like a multi-level marketing thing -- trying to recruit<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">others to come on board and start pushing the services, convince<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">others to do the same (kind of like Amway).<SPAN class="Apple-converted-space"> That's not anything I'm<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">worried about, the guy who met with us does not seem interested in<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">that, just in helping figure out our financial plans.<SPAN class="Apple-converted-space"> But I have to<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">admit, some of it sounds a little too good to be true -- their<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">investment package for retirement typically does 12% annually?<SPAN class="Apple-converted-space"> Their<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">refinancing deal will not add any time to your current mortgage<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">length, and in fact will often cut the time half?<SPAN class="Apple-converted-space"> You know what they<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">say, if it sounds too good to be true ... <P style="font: 12.0px Helvetica;">


    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">I don't know, I hate to sound skeptical.<SPAN class="Apple-converted-space"> But I also don't want to be<SPAN class="Apple-converted-space">

    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">naive.<SPAN class="Apple-converted-space"> So anyway, anyone have any experiences or info on them? <P style="font: 12.0px Helvetica;">


    <FONT face="Helvetica" size="3" style="font: 12.0px Helvetica;">Jill



  11. #11
    Maja Drouin
    Guest

    Default Any experience with Primerica?


    Oh I forgot to mention that we actually subscribe to prepaid legal owned by primerica through our friend. We pay a small monthly fee and can benefit from unlimited legal help, andithas helped us several times. We also invested $25/month in a investment fund for our son also through primerica.

    &#32;

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  12. #12
    Karen Pennington
    Guest

    Default Any experience with Primerica?



    I was an underwriter for Primerica at one time. And this
    goes for all insurance companies, they are only as good as their agents.

    I caution you to be sure that ALL information in accurate.
    Ask why anything is being left blank. Finally, if anything looks too good to be
    true IT IS!

    I underwrote life insurance for them. We receive application
    after application that said that someone is 6’2” and 185 lbs and
    has the health of a high school football player, funny when investigated 5’6”
    240 lbs, 2 pack a day smoker, High blood pressure and borderline diabetic, oh
    yes and 6 months free from prostate cancer!

    Often times we found these things because we were cautious
    of the agent not necessarily the application/applicant.

    Good luck

    Karen




 

 

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