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 talk about it.

But first of all before talking about this I want to take time and congratulate you for reading this review.

NOW,Let me guess why you are here.

I think someone in your family or friends recommended this to you.

And told that you can actually make money by selling insurance.But can you actually make money or not?

Before diving into this review you can check my #1 recommendation to make money online after reviewing 300+ mlm companies.

>>>Free Training Reveals 3 steps formula to Make $10k/month With High Ticket Affiliate Marketing<<<

What Is Primerica[Review]

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 reviewed.

Most of the MLM companies focuses on selling health and care services 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 products like It works and Arbonne.

Now like every MLM company Primerica has a compensation plan which we will talk about later.

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

Now you can say that it is not a new MLM company that is trying to scam people.

In fact Primerica is not scam and you can tell from their presence from the last 40 years or so.

If it was a scam than it would be shutted down or in loss.

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 of Primerica..

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

There are lots of other products too which you can see after 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 people under them.Or teach them how to sell insurance.

This is not it.

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

These are the steps that one had to go by 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.

In this they will test your previous record.

If you have any criminal record or not.

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

But that is not it.I you clear that than 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.

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.

3 – Downline Sales Insurance – As 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 commission.

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

In they have many other products too,which you can sell and make money on it.

Whether they are worth it or not?We will talk about it 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 downlines,downlines,downlines 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.

A pyramid scheme is a business model which recruits people in order to promise them selling some products.

But they just teach them how to make money promoting their own services.

So,from this it is clear that primerica is not a pyramid scheme.

This is because they are selling services.And the services are legit too.

This is very good thing about primerica that6 their products are of quality.Moreover they have a very good structure to filter new members joining them.

Pyramid schemes are more often complicated by people.I reviewed many pyramid scheme.And the chances that they will get banned by FTC is much higher.

Is Primerica Is A Scam Or Legit?

 No,primerica is not a scam.It is totally legit.In fact the company has been in the scene for almost 40 years.If it was a scam,FTC should be banned.

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

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

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.

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 entered into the company after checking his past.

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 MLM has no idea what they are doing.

So,primerica is very concerned with the people 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.

I think that this $99 is a reasonable amount of money to charge.

I think that they are actually thinking about the people that are going to join this company.Which is actually 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.

Things I Don’t Like About 

Talked about the things that I liked in primerica,let’s talk about the things that I don’t like about it.

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.

Generally if I was offered this by anyone.I am out!!!


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 that 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 this after joining.

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

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

Financial freedom is a very far thing from this MLM 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?

No,primerica is not a scam and legit mlm company.But I do not recommend it.

I have a question for you.Why go in mlms when there are more scalable,sustainable and long term business models out there?

With mlm companies you are going nowhere.

They are destined to failure.After reviewing 300+ mlm companies I came to a verdict where I think that mlms are the worst business model to start in 2020 and moving forward.

Honestly,not fond of mlms.Been there done that.I hate selling to my friends and family members.

That’s it for today’s review.


Before leaving check out my #1 recommendation to make money online after reviewing 300+ mlm comapnies.
>>>Free Training Reveals 3 steps formula to Make $10k/month With High Ticket Affiliate Marketing<<<


Leave a Reply

Your email address will not be published. Required fields are marked *