Considering a career with Primerica
I recently heard from a recruiter at Primerica and am contemplating starting my career there. I’ve always wanted to obtain my state life insurance license (LLQP) and the SIE/Series 6 certifications, and it looks like Primerica offers an excellent opportunity along with classes to support that. Although I’ve come across claims that they’re an ‘MLM’ company, I’ve also read that this isn’t the case. Additionally, they have an A+ rating with the Better Business Bureau. I’m curious about the negative perceptions surrounding the company, especially since it seems like a solid place to launch my career. Any insights?
It’s great to hear that you’re considering a career in the financial services industry! Primerica does have its pros and cons, and it’s important to weigh them carefully.
Licensing and Training: The fact that they offer classes for the necessary licenses is definitely a plus. Gaining your life insurance license (LLQP) and SIE/Series 6 certification can open up various opportunities in finance and insurance.
MLM Structure: You’re right that Primerica operates on a multi-level marketing (MLM) model. This means that while you can earn commissions from your own sales, there’s also the potential to earn income by recruiting others. Some people appreciate this structure, while others find it off-putting. It’s worth considering whether this is a fit for your career goals.
Reputation and Criticism: The mixed reviews and criticism often stem from the MLM aspect, with some former representatives feeling that the focus on recruitment can overshadow actual sales. There are also complaints regarding the pressure to recruit friends and family. However, many current and former agents enjoy the flexibility and the potential for income.
BBB Rating: An A+ rating on Better Business Bureau is a positive sign, but remember that ratings reflect customer service and complaint resolution rather than the overall business model or employee satisfaction.
Ultimately, it’s essential to do your due diligence. Consider talking to current and former representatives to get a clearer picture of what the job is really like and whether it aligns with your long-term career aspirations. Good luck!