Like many others out there, you might be wondering: Is Primerica a pyramid scheme or a real legitimate way to make money online?

Many people have been calling it a pyramid scheme or a fraud while others claim it’s a legit company.

This makes Primerica very controversial!

But don’t worry because you’ve just landed in the perfect place.

I want to congratulate you for taking this time to do your own research before buying the Primerica insurance products or joining their business opportunity.

I hope you do this before buying any seemingly good business opportunity or product.

That’s the only way to avoid scams and find a real legit way to make money online.

Primerica Review Summary

Product Name: Primerica


Price: $99 to start, plus $25 monthly fee

Recommended: YES/NO


Primerica is a Multi-Level Marketing (MLM) company that provides financial planning services and sells products such as home and auto insurance, term life insurance, among others. It has been operating since back in 1977. I don’t think Primerica is a scam or a pyramid scheme because they have real products and don’t solely depend on recruiting to make money. However, it’s extremely hard for you to make a reasonable income with this company, just like other MLM’s. As such, I don’t recommend you to join Primerica, and you’ll see why as I reveal everything about it in this review.

I’d also like to inform you that I’m not affiliated with Primerica in any way.

Therefore, don’t expect me to pitch you anything here.

I’m here to give you an honest third-party review on Primerica.

What Is Primerica

Primerica is a network marketing company that’s based in the US, which sells financial and insurance services.

Frankly, Primerica is one of the unique products sold using the MLM business model.

This is because there are too many companies operating in the health and wellness niche, which increase competition and make it hard to know those that are better.

Examples of these are Amway, Isagenix, Optavia, among others.

Anyway, Primerica was created under Citigroup, Inc. back in 1977 and later became independent in 2010 through an initial public offering (IPO).

Now, this company is listed publicly on the New York Stock Exchange and has the symbol “PRI.”

Considering their long history, Primerica seems to be an authentic company.

It’s somewhat impossible for any company to survive for over 40 years in the market if it’s a pyramid scheme or a scam.

As a multi-level marketing company, Primerica’s mainly provides financial plans/products and the business opportunity for people to make money.

I’ll explain more about this in the next part.

How Primerica Works

To start with, you are required to pay an initial fee of $99 to join this program.

This will give you a background check and an official “Primerica Sales License.”

What makes Primerica so unique is that all the distributors have to undergo a screening process and check on their backgrounds for any criminal records and other things.

This is good since it helps them to ensure the quality of their sales representatives.

Then, you’re required to pay a monthly fee of $25 to access their platform and tools, which includes marketing and training materials regarding their business.

These will help you to promote their business and products to make money.

It’s good to note that the $99 is refundable after several months.

Now, Primerica’s financial products include:

  • Auto & Home Insurance
  • Term Life Insurance
  • Financial Investments
  • Debt Management Plans
  • Long-term Care Insurance
  • Credit Monitoring

Primerica mostly targets middle-class families in countries like the US, Puerto Rico, and Canada.

So, how do you make money with Primerica?                                        

Well, Primerica offers you two main ways to make money, including:                      

  1. Promoting their financial products to earn commissions, which resembles being a salesperson for a traditional insurance company.
  2. Enrolling new members to the company as your downlines and helping them to do the same.

That is how you can make money with Primerica once you join them.

Now, let’s have a look at the most exciting part, the compensation plan.

Primerica Compensation Plan

When it comes to how you get paid, Primerica allows you to earn commissions in 4 main ways:

  • Insurance Sales Commissions – These are earned by selling financial plans.
  • Overrides on Downline’s Insurance Sales – You earn 10 percent from your downlines’ sales.
  • Differentials from Downline’s Insurance Sales – You can earn more commissions by supporting your downlines and helping them to make more sales as you advance in ranks.
  • Commission on Other Products – You can promote other Primerica’s products or services and earn commissions on any sales you make.

Primerica uses an 11-tiered compensation plan, which allows you to earn commissions from those you recruit, their recruits, and from those down the tier up to 11 levels.

The following is an overview of their sales commission rates depending on their distinct ranks:

Senior Vice President – 95 percent commission plus bonuses

Regional Vice President – 95 percent commission plus bonuses

Regional Leader – 70 percent commission

Division Leader – 60 percent commission

District Leader – 50 percent commission plus bonus

Senior Representative – 35 percent commission plus bonus

Representative – 25 percent commission

Primerica Pricing

It costs $99 upfront fee to join Primerica.

Then, you’ll need to pay $25 every month to access their tools and platform.

As I mentioned earlier on, the $99 you pay to join is refundable in a few months.

Who Primerica Meant For (And Not For)

First, Primerica is intended for people who are interested in network marketing, recruiting, and selling.

You can make money by promoting their products as well as enrolling new members into their system.

Additionally, it’s meant for people with interests in finance and insurance, among other related products.

However, Primerica may not be good for you if you don’t have good knowledge in the network marketing business and recruiting.

This is because it may be very hard for you to make money with this program unless you recruit many people in your downline.

Besides, their financial products are a bit expensive and may not suit you if you don’t have enough money to buy them.

The Owners Of Primerica

Arthur L. Williams Jr is the founder of Primerica.

He established this company under the Citigroup, Inc. in the year 1977. That’s over 42 years ago.

Then, Primerica spun off from Citigroup, its parent company, in the year 2010 through an IPO (Initial Public Offering).

At this time of writing, this company is publicly listed on the New York Stock Exchange as “PRI.”


The Pros

  • It’s fairly cheap when compared to most MLM companies.
  • It has a good rating on BBB.
  • It has been operating for quite a long time.
  • Its distributors are trustworthy.
  • You aren’t required to buy the product or keep any inventory, pay the $99.

The Cons

  • The products are relatively expensive.
  • The company doesn’t openly disclose any info about the business opportunity on their website.
  • Insufficient training.
  • Their testimonials are just exaggerating the business opportunity instead of emphasizing on the quality of their products.
  • The earning potential is the abysmal average.
  • The product doesn’t seem to be easy to sell on the market.
  • It’s very controversial about this company and how it’s representatives promote it.

Ugly Truths Revealed

1. Low Success Rate!

Most of Primerica distributors fail to make a considerable income with this company and ultimately quit.

According to their income disclosure statement, their North American life licensed representatives earned an average of $6,088 per year each.

That’s about $500 per month!

To make matters worse, 60% of all Primerica members fail to make even a single penny.

Now, I think you can see why the majority of people fail to make it with Primerica.

This is very common for MLM companies, and you can check out the below examples to see what I mean:

2. Tons Of Complaints!

Although they have a good rating on the Better Business Bureau (BBB), Primerica has received numerous customer complaints regarding their services and products.

There are more than 140 complaints on BBB at this time of writing, and most of them are related to their products and services.

There are also issues with insurance costs, moving of funds, taxes, penalties, among others.

3. Recruit Friends And Family Members!

In spite of Primerica not being a pyramid scheme, it’s still a typical MLM company that needs you to recruit people for you to earn money.

However, they want you to come with people you know first, such as family members and friends, who may be interested in financial and insurance services and products.

Don’t get me wrong; I’m not saying that this is illegal or bad.

I mean that this is not my thing and maybe for you too.

Many people have lost their friendships because of running MLM businesses, which is a very bad experience.

In my opinion, you’ll hardly lose family members and friends if you adopt the right techniques, and you can still succeed with network marketing.

Nevertheless, this requires lots of hard work, and most people can’t make it.

4. It’s Not For Everyone!

The business opportunity offered by Primerica doesn’t suit everyone since it needs you to be interested in studying their financial products.

These consists of the insurance plans, rules, and regulations, among other things.

Not all people can handle that.

I frankly think that this business is more suitable for people working within the financial industry.

Additionally, Primerica mostly operates in the US, Canada, and Puerto Rico.

I’m uncertain whether you can join from other countries too.

However, even if you can join, you won’t get much support, as people from those three countries do.

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Is Primerica A Pyramid Scheme?

As I mentioned earlier, Primerica is not a pyramid scheme or a scam.

It has been in business for quite a long time, and it could have been very hard for it to last if it was a scam or a pyramid scheme.

The company does offer real services and products, and its distributors don’t solely depend on recruiting to earn money.

Indeed, you can even earn up to 95% commission by selling Primerica’s insurance and financial products.

This is one of the MLM’s that I’ve seen paying the highest commissions so far.

But again, don’t forget that 60% of Primerica distributors never made even a single cent.

Most probably, the people who call Primerica a pyramid scheme are often those who tried it but failed.

And you don’t want to listen to such kinds of people.

However, be warned! Not all network marketing companies that have real services or products are legitimate.

Nowadays, it’s getting more and more unclear how a pyramid scheme should be defined because numerous companies are really pyramid schemes in disguise.

Good examples are Digital Altitude and MOBE, which were once well known for offering internet marketing training and helped people to make cash online.

Nonetheless, that training wasn’t a real product because they were only teaching folks how to recruit more people into their system. Nothing more!

Predictably, they were both caught and shut down by FTC some time back.

What I want you to understand here is that there are very many shady companies nowadays and you should be extra cautious before you make any purchasing decision.

You being here doing your own research indicates that you’re a careful person. So, keep the pace!

Anyway, I hope my honest Primerica review has aided you to make an informed decision regarding this opportunity.

You have seen that it may be just a waste of time and money and very difficult to earn a reasonable income with this company.

Now, would you like to see how I make my living online?

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How I Make Income Online

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If you have any questions or thoughts whether Primerica Is A Pyramid Scheme or anything else, then please leave them in the comment section.

This post may contain affiliate links for more info visit my disclaimer page.

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