Primerica is totally against WL or UL. The foot in the door for them is "buy term & invest the difference". This makes sense if you aren't maxing out your RRSP but WL & UL have a place for the right person. It is surprising that pyramids like Primerica or WFG are still around and if you google Primerica scam you will know what I mean! It is just a way for those higher up the Pyramid to make money off of those lower on the Pyramid in my opinion. They will recruit absolutely anyone and as such you can usually expose them by asking technical questions. As someone already noted they are usually more interested in building a business or getting others into the Pyramid then doing the right thing for the person that they are selling to. Buy term and invest the difference does have its place but Pyramid schemes don't. Where is the regulation? Why can anyone drop into a Primerica office tomorrow and leave as a Financial Advisor? I was always surprised when I would run into a Primerica agent and see the Citi umbrella symbol on their business cards and wonder why they were a "Citi Company" why would Citi even bother with them....Once again, I guess they really don't know what they have on their books....
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