Any experience with Primerica?

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      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”

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              08/06/2007 02:33 PM

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              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?

              .

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        Budget101 Discussion List Archives Budget101 Discussion List Any experience with Primerica?