So many people trash Primerica, but it was bought by Travelers Group (before it became Citigroup)...?

Question

Why would Travelers shell out the dough for a scam when their reputation as a world leader in finance would be on the line?

Answer 1

Primerica is a company that is able to market financial products to the middle class effectively. 95% of America are made up of middle income families and there's really no company out there to help these families with debt crisis, savings crisis, and give an opportunity to own a business.

Why people talk trash about Primerica? Many possible reasons:

1) They are agents from other companies and they don't like how Primerica is educating people the inner workings of cash value life insurance.

2) People listen to other people who have never dealt with Primerica.

3) People don't understand that Primerica is a business opportunity, not a job opportunity.

4) Some people are just ignorant to information.

But most of the hatred of Primerica is from the life insurance industry. Primerica stands 100% behind term insurance, while majority of the industry stands behind its cash value life insurance. Primerica is in the business to help people while many companies is in the business to make as much profits possible from each and every client.

It doesn't matter what people say because Primerica is the biggest and the best financial company for the middle class. There are over 100,000 licensed reps in the company and over 6 million clients. There are more people in the company earing $50k to $100k (approximately 5000) than any other company in the world. There are more people earning 6 figures (about 2400 reps) than any other company. The company continues to grow and they are going to dominate the financial industry.

Answer 2

From what I hear it was a beautiful comany at one time.  But basically, products are overpriced, like 30% to 100% or more at times.  Most if not all of the top term carriers have better term products.  

The way the some of the agents present the opportunity, as a job.  Sometimes as if you will indeed be working for Citi.   Also many have not accepted the MLM system.  Some people just don't accept change.

Answer 3

People trash what they don't understand.  From the outside looking in, Primerica is completely different than most other companies out there.

When a company the size of Primerica is going after a market full of people who are not educated on how savings and insurance work and educates them, you make plenty of enemies.  Primerica shows people what insurance, banks, and some investment companies don't want you to know and allows the people to decide what they want to do.

If a company was coming after your profits, would you play nice? Or would you spread as much propaganda as possible?