Is Primerica A Pyramid Scheme?[Review]


Welcome to primerica review.In this review we are going to talk whether this multi level marketing company is a scam or pyramid scheme.

Lots of people calling it a scam and saying it a pyramid scheme.

But these rumours are legit or someone trying to damage the company’s reputation?

We will look into that.

First thing first,I am not associated with primerica by any means and will not try to pitch you in this article.

This means that this primerica review is going to be completely unbiased and from a third party.

Let’s talk about primerica.

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What Is Primerica?

Primerica is an American based MLM company.It focuses on selling insurance and other financial services.

Primerica is a very unique MLM till date that I have reviewed.

Most of the MLM companies focuses on selling health and care services or products but not in primerica.

It comes with a new idea of selling health insurance.

I have reviewed a lot of MLM companies that offer health insurance like php agency and insurance checks.

Primerica was founded in 1977 with Citigroup LLC.The owner of the company is Arthur L.

Primerica is not scam because they are in the scene for more then 40 years now.Definitely not a night fly.

If it was a scam than it would be shutt down by FTC.

Every MLM company is based on two parts,

1 – Financial products

2 – Making Money by selling insurance

First of all we will talk about their compensation plan and after this I am going to talk about the money making part.

Primerica Products Line

Their main target audience is middle class families in the USA and Canada.

These are the products that primerica sells.

  • Life Insurance
  • Financial investments
  • Credit monitoring
  • Debt management plans
  • Long term car insurance

There are lots of other products too which you can see by going to their website and products area.

How To MAKE Money With Primerica?

There are two ways to make money with primerica..

1 – Selling insurance and earn commissions on it.This is basically more like any other sales person.

2 – Recruit people under you and teach them how to recruit other people under them.Or teach them how to sell insurance.

There are steps that you have to go before making money with primerica.

These are the steps that one had to go before making money in primerica.

How To Get Started With Primerica!

There is a must do thing.For joining primerica you must have to pay them $99.This is just to ensure that you are their member.

After this you have to go through their filtering process.Yes,they filters hundreds of people during this process.

In this they will test your previous record,whether you have previous criminal records or not.

This is actually a pretty good thing to do.This confirms the quality of their sales process.

But this is not it.

More then that you have to pay them $25/month for getting access to the training and tools.

I forgot to mention that the $99 is refundable according to them,but most of people claiming it BS.

Primerica Compensation Plan!

Primerica compensation plan is distributed in 4 main parts.You have to understand this to make money with primerica..

1 – Sales Commissions On Insurance – This is the commission that you will make after selling their financial insurance.

It is more likely an insurance agent.

2 – Overrides Commission – You will make 10% commission on your overrides or downlines.

This means that if you refer someone to primerica and the person then refer or recruit someone else under primerica then you are going to make commissions ON BOTH OF THEM.

3 – Downline Sales Insurance – After you make some money,you will achieve some rank.

These ranks will allow you to teach your downlines how to get more sales.

By teaching them you can earn handsome commissions.

4 – Other Products – As I mentioned earlier that their commission plan do not just ends here.

They have many other products too,which you can sell and make money from them.

Whether they are worth it or not?That’s another debate and we will talk about later.

When I say that primerica is a unique MLM company,this is because MLM companies that I reviewed till date offers just two tiers commissions.

Not in primerica,It offer 11 tier commission.

This means that you can make money from your downline’s,downline’s,downline’s and so on..

So,primerica has ranks and below is the list of commissions that you are going to make in each rank’

  • Representative – 25%
  • Senior Representative – 35% and some bonuses
  • District Leader – 50% With bonuses
  • Division Leader – 60%?
  • Regional leader – 70%?
  • Regional Vice Presidents – 95% plus bonuses
  • Senior President – 95% plus bonuses

Is Primerica A Pyramid Scheme?

First of all I want to tell you the definition of pyramid scheme.

In pyramid scheme,the one and only way for you to make money is by recruiting people into that specific company.

If you fail to recruit someone,you lose money.

Totally different in mlm companies.In mlm companies,you are not forced to recruit people,you can also make money by selling products.

And recruitment is just an option.

Now,Primerica looks like to be a pyramid scheme because they are heavily focused on recruiting.

If you do not know,let me tell you that pyramid schemes are banned in the USA and whenever noticed FTC bans them.Most of the time pyramid schemes are headed by scammers.

Just today a pyramid ponzi scheme got exposed in China and the owners of the company made $2 billions in record time…Success!

Both of the owners are headed to the Jail…Failure!

Primerica will be banned by FTC in near future in my opinion.Now,the company claims itself a multi level marketing company and says that they are not pyramid scheme.

Well,nothing new,every pyramid scheme owner tend to claim this.Ever heard a thief saying loudly that I am a thief?

Here is my two pennies,if you want to get a clear idea whether primerica is a pyramid scheme or not…

Why not ask these two questions from the person who is trying really hard to recruit you.

First question,How much money he is making from retail sales.If he is making less then 50% money from retail sales then Primerca can be a pyramid scheme.

Second question,how big is his downline.If they recruited more then 5 people in their downline then it is a pyramid scheme.

Because FTC allows mlm’s distributors to recruit maximum of 5 people in their downlines.


Is Primerica Is A Scam Or Legit?

I highly doubt it,Primerica can be a scam,as I said earlier that most of the times pyramid schemes are headed by scammers.

And if I spot a pyramid scheme,I call it a scam.

Yes,you can make money with primerica.Yes,people are making money with it.

But the question is that can you make enough money that can pay your bills?

Can you make enough money that can give you financial freedom?

How much money can one expect to earn from primerica?I am going to answer these questions in detail.

Like every MLM company,primerica has cons and pros too.Let’s talk about them at first.

Things I Liked In Primerica

There are many things that I liked in primerica which we will talk about one by one..


Like I earlier mentioned their screening process.

In primerica one should be allowed to enter the company after checking all his persona.

Whether he/she has criminal data or not?

After this you have to pay them $99.

This is very good in a way that a lot of people that join MLMs has no idea what they are doing.

So,primerica is very concerned with the people that they are letting inside the system.

Reasonable Cost!

I have reviewed many health and skin care MLM which were charging people hundred of dollars to join them.

$99 is a reasonable amount of money to charge.

They are actually thinking about the people that are going to join this company.Which is a good thing.

I really liked few things more about their compensation plan too.

Better Business Bureau Rating

It has a really good BBB rating.

The fact is that primerica has A+ rating.This is because they have many positive reviews about primerica on their site.

The company was founded in 1997.40 years is not a small amount of period to get a good or bad name.

Things I Don’t Like In Primerica?

Let’s talk about the things that I disliked in primerica..

Lots Of Complaints

Although it has got A+ rankings in BBB.There are also lots of negative reviews there.

Lots of people call it a scam while lots of people say that the products are of crap quality and do not deserve a penny.

Some are calling it a pyramid scheme.

Some are saying that they have problems with the billing and advertising process.

There are total 140 complaints that are recorded against primerica.

Not For Everyone

It is not for everybody.It is for the people who is already in the marketing and has lots of relations with the people.

Because it is not that kind of MLM that can be done straight from the home and everything is online.


This is kind of MLM who is focusing on recruiting and it is structured like that.Now if someone joins it there is a chance that the person will make money up to 11 tiers.

This makes you do one thing if you are not into marketing and still joins it.

You have to promote it to your family and friends and that is where all things can go wrong.

Most of the time people promoting this kind of business to others ends up losing their friends and family.

Well,most of the time!

Failure Ratio!

Failure ratio is up to 90% with this company.

And moreover 60% of the people do not make even a single penny from it after joining.

According to their income disclosure,people are making an average of $6000/year.That is just $500/month.

Most people can not even pay their bills with this amount of money.

Financial freedom is a very far thing from this pyramid scheme.

10 Shocking MLM Statistics That You Need To Know!

  • Almost 99% participants of all multi level marketing companies lose money,According to the FTC.
  • There are 38% more chances of you profiting from your own any kind of small business? than joining these mlms.
  • Success Rate of online business,which will give you financial and time freedom,is 20% more than joining mlms for making money.
  • The odds of you winning a lottery worth $10k among 10,000 people is 300 times higher than actually making money from mlms.
  • According to the AARP foundation,47% distributors of all mlms lose their money,apart from this 27% do not make a single penny.
  • Remaining 26% that actually make money,53% of them make less than $5000/year.
  • 39% among those 53%,who are making $5000/year quit because recruiting and selling crappy products to friends and family members jeopardized their relationships.
  • Forget about building a long term business with mlm,because 50% of all mlms participants quit within one year.
  • 75% people that join mlms say that they will never ever join any kind of mlm.
  • A poll was conducted in 2018 among 1050 mlms distributors and it was found that most of them makes 70 cents an hour and 20% of them did not make a sale.60% of them makes less than $500 in sales over the past 5 years and 32% of them acquired credit card debt to finance their mlms involvements.



Is Primerica A Scam?

As Primerica is focusing more and more in recruiting then selling,it is a pyramid scheme.

And pyramid schemes are straight forward a scam so I can say that primerica is a scam.

I highly recommend you to not join this mlm company.This company is designed to make money from you,you are compan’s best customer.

By giving you an opportunity of making money,they are making money themselves.

The only person that is making money in primerica is it’s owner.

Why join pyramid schemes or mlms when there are more scalable,sustainable and long term business models out there?

Makes no sense to me.

Mlm or pyramid schemes are destined for failures.

Here is a better business model,lead generation.

In this business you have to generate leads for business owners,and if they make money means you will make money.

Let’s say you generated a lead to a dentists and he closed it and made $1000 from that customer,he will be more then happy to pay you $100 for that lead.

Getting my point?

Now imagine if you generate 100 leads for the same dentist in a single day?

That’s more then $30k/month.Yes,most of our students are even making $100k/month.

So,if you are serious about making money online and do not want to be fooled by these schemes then lead generation is the way to go.

Simple,proven and repeatable business model.

If you want to watch the exact training that helped our students to make $100k/month then click the link below.

That’s it for today’s review.

Before leaving check out my #1 recommendation to make money online after reviewing 300+ mlm comapnies.
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