- This topic has 10 replies, 1 voice, and was last updated August 6, 2007 at 7:33 pm by .
- August 6, 2007 at 7:33 pm #253038
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] <email@example.com> 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?
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