Is Primerica a MLM or Pyramid Scheme? (Best Reviews)

Is Primerica a MLM
Is Primerica a MLM

Welcome to my  Primerica  Review.

So you’ve heard about  Primerica.

And you were wondering, is  Primerica a MLM?

Or Is  Primerica  a Pyramid Scheme

So let’s answer that right now.

Is  Primerica an MLM or a Pyramid Scheme?  Primerica is not a MLM company. Primerica is a financial services firm that compensates its salespeople using an insurance agency compensation structure.

Is Primerica a Pyramid Scheme?  Unlike certain rumors you may have heard, Primerica is not a pyramid scam. With a BBB A+ rating and a ticker symbol of “PRI,”

Primerica has been in operation for nearly 40 years and is a publicly listed firm.

Reps for Primerica are self-employed individuals who earn commissions on their own sales and those of the teams they build and coach. Adding more representatives to a team is a common way for representatives to grow their companies and provide better service to a larger customer base. Primerica requires its independent representatives to keep up with the ever-changing state and federal regulations on training and licensing in order to provide advice on financial products.

For complete details on  Primerica, keep reading.    

What Is  Primerica

Primerica is an American, Canadian, Puerto Rican, and American Samoan financial services firm focusing on the middle class. Since its inception in 1977, their “Buy Term and Invest the Difference” concept has helped countless families meet two of their most pressing financial obligations: protecting their income with term life insurance and building their nest egg with wise investment choices.

Primerica’s Financial Needs Analysis (FNA) is a free, private, and individualized assessment of a client’s current financial situation and desired future state.

Founded ByArthur L. “Art” Williams Jr
Founding Year / LocationDuluth, GA, February 10, 1977
Primerica  Corporate Website
Primerica   Corporate Address 1 Primerica Parkway Duluth, GA 30099.
Primerica  Customer Service1-800-544-5445.
Primerica  Email Address[email protected]
Start-Up Cost$99

Watch Primerica Training

Click Here: ( Embed)

More on  Primerica  Check this out: 

Is Primerica Good or Bad? My Experience in Primerica ( Embed)

When Was  Primerica  Founded

Primerica traces its history to February 10, 1977, when Art Williams, a former Georgia High School football coach, founded A.L. Williams and Associates, Inc., starting with a team of seven “Founders” and a total of a mere 85 sales representatives

Is  Primerica a Scam

Primerica is a real company that employs multi-level marketing as its primary sales strategy; it is neither a scam or a pyramid scheme. Primerica seems to be a legitimate company, in contrast to many MLM companies that are also frauds or pyramid schemes.

How Does  Primerica  Work

Primerica hires individuals to market its insurance plans and instructs its new agents to begin by recruiting their personal and professional networks. Primerica agents engage in multilevel marketing in order to profit off the sales of other agents they recruit.

Can I Make Money with  Primerica 

You can rise as high as you want to go! You are trained, licensed and the sky is the limit! Our company has more 5 and 6-figure income earners than most companies, and you can do it part-time.

 Primerica  Products

Primerica is a distributor of financial services and goods from well-known businesses all over the globe.

Term Life Insurance

  • Primerica Life Insurance Company
  • Primerica Life Insurance Company of Canada
  • National Benefit Life Insurance Company

Mutual Fund Investments

  • AB
  • American Century Investments
  • American Funds
  • Invesco
  • Fidelity Advisors Funds
  • Franklin Templeton Investments
  • Legg Mason
  • MFS
  • Oppenheimer Funds
  • Amund Pioneer
  • Putnam Investments

Individual 401(k) Programs

  • Invesco Solo 401(k)
  • Pioneer Uni-K
  • Oppenheimer Single K
  • American Century Single-Participant 401(k)


  • Traditional IRAs
  • Roth IRAs


  • Brighthouse Financial
    • Fixed Annuity
    • Variable Annuity
  • Lincoln Financial Group
    • Fixed Index Annuity
    • Variable Annuity
  • Equitable (formerly AXA)
    • Variable Annuity
  • AIG
    • Fixed Index Annuity
    • Variable Annuity

Managed Investments

  • Lifetime Investment Platform

Small Business Solutions

  • Simple IRA
  • Profit-Sharing Plan
  • Money Purchase Plan
  • IRA/Payroll Deduction Plan

Qualified Business Retirement Programs

  • 401(k) Programs
    • Voya
    • Equitable (formerly AXA)
    • American Funds
    • Fidelity Advisors
    • CUNA Mutual

457 & 403(b) Programs

  • Equitable (formerly AXA)
  • Various mutual fund investment offerings

Education Savings Plans Available through our Mutual Fund Partners

  • Coverdell Education Savings Account

College Savings Plans Available through our Mutual Fund Partners

  • Legg Mason Scholars Choice – Colorado
  • Franklin Templeton 529 College Savings Plan – New Jersey
  • American Funds CollegeAmerica 529 Savings Plan – Virginia
  • Fidelity Advisors 529 Plan – New Hampshire
  • Oppenheimer Scholars Edge – New Mexico

Pre-Paid Legal Services

  • Primerica Legal Protection Program4

Theft Protection

  • IDTheftDefense

Auto & Homeowner’s Insurance Referral Program

  • Primerica Secure by Answer Financia

Smart Home and Security

  • Home Automation through Vivint SmartHome

 Primerica  Products Compensation Plan

Primerica ‘s compensation is based on commissions from retail sales. Additionally, affiliate recruitment can result in profits.

Read more: 

 Primerica  Startup Cost / Monthly Cost

Primerica’s independent sales associates (IBAs) pay an initial charge of $99 in the United States or $103.95 (with taxes) in Canada, and then an additional $25 per month (or $28 in Canada) to use the company’s online business resource, Primerica Online.

 Primerica ‘s Social Media Accounts 

Primerica  Facebook Page 
Primerica  Instagram Page 
Primerica Twitter 
Primerica YouTube 
Primerica Linkedin 

Primerica  Testimonials and Reviews

There’s something to think about when reading reviews. People are more likely to grumble about something they detest than to sing its praises.

 Primerica Consumer Affairs for Real Testimonials and Reviews 


Primerica Better Business Bureau 

 Primerica  Email Address

 Primerica ‘s email address:  [email protected]

 Primerica  Login

Are you trying to access your  Primerica  Back office?

Here is a direct link 

Primerica FAQ

To answer some of the additional concerns voiced with  Primerica , below are some of the most often asked questions:

Is Primerica like Amway

Yes. In the realm of financial services, Primerica may be compared to Amway or LuLaRoe, but this in no way implies that it is fraudulent. After operating for more than 40 years and becoming public, life insurance provider Primerica has earned a solid reputation among consumers and competitors alike

Is Primerica an Ethical Company

You can trust Primerica since it is a real business. They have been serving individuals with their life insurance requirements for decades, and they are a publicly listed firm on the stock market. On top of that, individuals DO succeed financially in Primerica careers.

Is Primerica on the Fortune 500 List

Primerica | 2022 Fortune 500 | Fortune.

How Much Is Primerica Commission

25% starting, once you recruit three others then you get promoted to 50% commission.

How Much Money Can I Make from Primerica

Starting at about $15,000 for the job of executive assistant to the vice president, the average salary range at Primerica extends all the way up to $121,125 for the role of financial coach. Primerica’s average monthly salary ranges from $1,800 for a District Manager to $20,000 for a Sales Consultant.

Who Is the Highest Earner in Primerica

Primerica Executive Salaries

Glenn Williams. CEO / President. – Salary. – Total Comp*

William Kelly. President of PFS Investments. $450k. Salary. $1.31M. Total Comp*

Peter Schneider. President. $550k. Salary. $2.64M. Total Comp*

What Is the Success Rate of Primerica

More than 90% of Primerica’s insurance claims are paid in less than two weeks, earning the company a superb reputation.

Does Primerica Have Lawsuit

Primerica sent court filings to Kantor & Kantor in May 2021 for a case against Primerica for allegedly violating Section 10113.72 of the California Insurance Code.

How Do I Stop Being a Primerica Agent

  1. Call customer service on 888-737-2255.
  2. Ask to speak with an agent.
  3. Provide them with your policy number and customer details.
  4. Request cancellation of your policy and recurring payments.
  5. Ask for a confirmation email.

What Does Forbes Say About Primerica

Women make up over 64% of Primerica’s workforce, and over 56% of managerial positions. Primerica also featured on Forbes’ list of the Best Employers for Diversity for 2022 and is a part of Bloomberg’s Gender-Equality Index for the same year.

Do People Really Make Money with Primerica

There is nothing bad in working with Primerica Financial Services. You can rise as high as you want to go! You are trained, licensed and the sky is the limit! Our company has more 5 and 6 figure income earners than most companies and you can do it part-time!

Can Primerica Be Trusted

1, AM Best, an impartial organization that evaluates insurance businesses, has given Primerica a financial strength grade of A+ (Superior). 

2, Primerica’s strong AM Best rating is significant as it suggests the company will be able to fulfill its future obligation to pay claims without a significant interruption in service.

Is Primerica Under Investigation

The SEC is looking into PFSI, a broker-dealer with ties to Primerica Financial Services Home Mortgages, Primerica Life Insurance Company, and Primerica Financial Services.

What does Dave Ramsey think about Primerica

What’s the deal? Does Dave Ramsey endorse Primerica? In accordance with his Twitter account, the answer is no; he does not support Primerica. Their insurance premiums are high, he says.

Why Is Primerica More Expensive

Clients may choose between a limited underwriting term insurance with low coverage limits and a fully underwritten policy with more significant limits. Due to the need for medical underwriting for most Primerica life insurance applicants, the company’s rates might be higher than those of competitors.

Is Primerica an Excellent Financial Advisor

Most (92%) of Financial Advisors at Primerica would refer the company to a friend or colleague. In the last year, this average has risen by 26 percentage points.

Is Primerica Better than State Farm

Primerica ranked above its competitors in ten categories:

  • Overall rating
  • Culture and values
  • Diversity and inclusion
  • Work-life balance
  • Senior management
  • Compensation and benefits
  • Career opportunities
  • Approval from the CEO
  • A recommendation to friends
  • Future business prospects

How Do I Get My Money out of Primerica

If you want to redeem funds from your account or have them distributed to another person, you may send a letter of instruction or contact customer service. If a shareholder that their redemption cheque is sent to them quickly, we may arrange for rapid mail delivery.

Why Is Primerica More Expensive

Clients may choose between a limited underwriting term insurance with low coverage limits and a fully underwritten policy with more significant limits. Due to the need for medical underwriting for most Primerica life insurance applicants, the company’s rates might be higher than those of competitors.

Can Primerica Refund Money

Cancellations will not get a refund unless one of the circumstances mentioned earlier applies. Once you have submitted a request to alter or cancel your Service Level, the change will take effect on your next POL Billing Date, and you will continue to have access to the features associated with that Service Level until the end of the month.

How Much Do Primerica Brokers Make

Primerica insurance brokers in the United States make an average of $2,000 per month. This is 62% less than the average salary for all occupations in the country.

Can I Take Money out of My Primerica Life Insurance

Primerica’s term life insurance plans are similar to the industry standard because they do not build cash value and cannot be borrowed against.

How Much Does Primerica Charge in Fees

A criminal record check and licensing costs total $99. If you pass the test and continue working with Primerica after paying the licensing price, Primerica will reimburse you. Primerica Online (POL) has a monthly cost of $25.00. There will only be products or stock to maintain after that.

Conclusion – Is Primerica a MLM or Pyramid Scheme?

People who appreciate direct selling will enjoy  Primerica . It is fantastic for those who desire to earn money while maintaining a flexible schedule.  Primerica  is neither illegal nor is it a scam. However, if you must know, other multilevel marketing companies are as good or even better than  Primerica . Nevertheless, if you like how  Primerica  operates, you could do more research about how to get on with them. This is where we put a full stop till next time. is the brainchild of Jack Bastide. It is designed for entrepreneurs and those that want to be. You can find Jack on Facebook or Linked-In. 

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