I don't know anything about Mona-Vie, but I'm a current agent at Primerica for the past 3 years and I can tell you that Primerica is very regulated company. At the beginning, I was hesitant to join the company because I had the same theories like you. I thought it was a pyramid scheme, a scam, sounded too good to be true. But I got more information about the company and decided to give this business opportunity a shot. If I fail, at least I will get a financial education that I never knew before. If I succeed, I make money and overrides.
Primerica is definitely not a pyramid scheme. In a pyramid scheme, you have to pay a fee and the person who recruited you gets paid commission on that. Pyramid schemes is illegal in the United States and many other countries, and if Primerica was a pyramid scheme, this company would of been shut down a long time ago, everyone would lose their licenses, and Art Williams would be in prison.
At Primerica, your fee (which is $99) goes to your state to start your licensing process. You will go to a very interesting life insurance school and if you fail that school, you can take it over again as many times as you want for free. After passing that class, you will take the state exam and if you pass that, Primerica will reimburse your licensing fee. You will also get to be mortgage certified by watching a 30 minute video. You are also licensed to recruit people. If you don't like to recruit, thats up to you since its your business. You can run the business by yourself or you can get people to make it work.
I don't know about you, I don't think you will find any other business opportunities like Primerica. There's a high need for their services. People are in debt, saving very little or no money, and uncertain about their financial future. Primerica has solutions to all these problems. Plus, you don't have to pay rent, salaries, commissions, or inventory to run your business because its all taken care of. The only thing you need in this business is a pen, notebook, and a phone. If you don't have a phone, you can go to the office and make phone calls from there.
Scam or ripoff companies don't provide all this to you. They make you buy stuff and then you have to sell what you buy. They make you pay for rent, office equipment, and other things. They probably don't even have a support system to help you build your business. At Primerica, everything is provided and you don't need to own their products to sell. But if a client ask what you have, how are you going to answer if you don't own the product you are trying to sell? I own Primerica's life insurance, investments, and prepaid legal. I don't have any debt, but if I did, I would of have their debt elimination loan too.
Anyway, if you think Primerica is a scam, you are entitled to your own theories. If you knew the truth, you would of join the company and start building your business.
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· 1 decade ago