Primerica Reviews | Glassdoor.ca

Primerica Reviews

Updated 11 December, 2017
735 reviews

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4.2
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Glen Williams
154 Ratings

735 Employee Reviews

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Pros
  • The ability to make your own schedule and unlimited income potential (in 48 reviews)

  • The best part is you can start out part-time without risking your regular job (in 53 reviews)

Cons
  • This is not a job but rather a pushy multi-level marketing scheme (in 19 reviews)

  • Marketing mostly to friends and family who may not be a solid lead (in 18 reviews)

More Pros and Cons

  1. Helpful (1)

    "Awesomness"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Approves of CEO

    I have been working at Primerica full-time

    Pros

    Pay is 100% commissioned based.

    Cons

    Negativity of the way the company is structured.


  2. Helpful (1)

    "Great Business Opportunity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Toronto, ON
    Current Employee - Financial Advisor in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Primerica full-time (More than a year)

    Pros

    This company truly gives the average Joe/Jane a shot at an incredible life.
    Where else can you find the opportunity to build a multi million dollar business, with an unlimited amount of readily available resources to do it, at such a low cost?
    Great way to replace income from a job, while still having freedom of time and money.

    What most people pay $1000s for can be obtained here so easily. (self-improvement material, financial analyses & consults, high-level financial products)

    This company was built on the attitude of gratitude, and every Primerica office is expected to have a 100% positive environment. (Home office is actually very, VERY strict on this matter)

    The Home Office staff are always supportive & on the front lines willing to fight for the salesforce to get things done because the salesforce fights for the client, and the client is ALWAYS the #1 priority.

    You can build an income here that will pay you & carry forward FOREVER, even long after you stop working.

    Cons

    A Primerica agent's ability to recruit and create distribution, while absolutely an amazing privilege, can also be taken advantage of by a representative who's looking to take shortcuts for recognition... One thing to be aware of when being prospected.


  3. "Primerica, Great Company! Great culture and Great People!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Regional Vice President in North York, ON
    Current Employee - Regional Vice President in North York, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Primerica full-time (More than 10 years)

    Pros

    Primerica is public traded company in NYSE. AMBest A+ rating. Standard and Poor (S&P) AA rating.

     It's a very respectful and great reputation company. Solid company that help middle income families to get proper insurance, get of debt, save and invest for the future. Love the helping and company culture.

    Entrepreneur culture, Leaders in Primerica teach us how to be a business owner, fantastic, proven system. A lot of leaders successful in our office. Business model is very similar to real estate Agency or franchise with high profit margin and high income earning potential.

    A lot of world class company trips which we went to with out teammates. Like Puerto Rico, Hawaii, Bahamas, Boca, Orlando, Broadmoor's at Colorado, It's absolutely amazing. Each company trips, Primerica will bring 3000 winners to the trips.

    As a Regional Vice President we also compensation with company stocks :)

    Cons

    The system works, there are 3500+ leaders in the company making over $100,000+ a year income and 82 million dollar earners. The best thing we are helping millions of families out there. So please read the facts :)

    Advice to Management

    CEO did amazing job, the work ethnic and vision Glen William has is absolutely amazing! and the support from the head office staffs. I feel bless!


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  5. Helpful (1)

    "Great experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    - Flexible time
    - Great part time income $500-1000/mo working 8-10 hours a week
    - Equal Opportunity for anyone to own and run your own business as a broker.
    - Great experience to start one's own business
    - Offer financial products and services that actually help people. Crusading for the injustice of the financial services caused to the middle market families out there. Bringing Wall Street Services (even better) to the Main Street Families.
    - Must be licensed to help people with the products and services. Offer professional designations such as LLQP (life insurance license) and CSC (Mutual fund license) with essentially low cost

    Cons

    - Commission-based only as a start
    - Still have some negativity in the Internet so make sure you find credible sources about the company

    Advice to Management

    - Pour beliefs weekly to equip the reps to battle the negativity/skepticism out in the market place
    - Work on the negativity about the company that's roaming in the Internet


  6. Helpful (1)

    "You'll get out what you put in."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Sales Representative in Edmonton, AB
    Current Employee - Senior Sales Representative in Edmonton, AB
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Primerica part-time (More than a year)

    Pros

    Positive, caring, uplifting, encouraging environment. No quotas to fill. Work and learn at your own pace. Plenty of training available. Lots of bonuses and fun, competitive workplace. Not a high pressure sales job. You teach families the benefits of term life insurance and show how to skip the bank to better investment products. Help families ELIMINATE debt sooner and pay less in interest.

    Cons

    Occasional office politics. Some bad press online mostly pertaining to specific reps. If you don't do the work and follow the system you won't do well.

    Advice to Management

    Keep up the encouraging atmosphere. Remember to uplift and encourage teammates instead of pressure into making sales.


  7. Helpful (1)

    "AMAZING CREDIBLE COMPANY!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - District Leader in Vancouver, BC
    Current Employee - District Leader in Vancouver, BC
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Primerica part-time (More than a year)

    Pros

    Great environment, products, trainings, support, opportunity to help people solve their financial challenges , freedom, unlimited income potential!
    The more people you help the more money you make!
    We do what's right for the client 100% of the time!
    Self developement! Leadership and much more!
    For umbitious people with good hearts! System works if you work!

    Cons

    No flaws at all, (not 9-5 JOB)


  8. Helpful (5)

    "Be aware, it's an MLM, or pyramid scheme"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Representative in Toronto, ON
    Current Employee - Sales Representative in Toronto, ON
    Doesn't Recommend
    Neutral Outlook

    I have been working at Primerica full-time

    Pros

    Just the training for life insurance and those things you learn

    Cons

    Everything with this kind of business is wrong. It's a pyramid scheme, so it would eventually collapse. It's not ethical, cause it's a pyramid structure and people don't know it, they may involve with the company and don't get the results they've thought of. And most importantly, it would destroy your relationships... Are you willing to use your friends and family as a business opportunity to gain money, then they would conclude that you're a materialist who just want them for their money!


  9. Helpful (1)

    "Regional leader"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Primerica part-time (More than a year)

    Pros

    Opportunity
    Income potential
    Freedom of time

    Cons

    You generate your own leads


  10. Helpful (1)

    "great"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Primerica full-time

    Pros

    learned a lot overall. Worth the experience

    Cons

    nothing much, just have to work hard


  11. Helpful (2)

    "sales agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at Primerica part-time

    Pros

    the team is always willing to help even outside of work

    Cons

    the earning potential is exaggerated


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