[SeeGeeWhy]

Multi-level marketing is not for everyone, first of all. The pitch is manufactured to sound great and get people excited, but doing the actual leg work and continuing to believe in what you are doing as well as the product is often very difficult.

I think everybody tries this sort of thing at least once in their lifetime, or know someone that has. How many people do you know that sticks with it? Few and far between. One friend stuck with Vector for a long time and ended up as a manger of east coast operations in Nova Scotia, getting his start in Calgary. He was really dedicated to it, and at least the product quality was there.

About Primerica and World Financial Group... I dislike the insurance business to begin with. It is extremely difficult to find an agent that is experienced, knowledgable about finance and investing, and not aggressive in trying to sell you a policy. I spent some time with a WFG agent not ever hearing about the company before I went in, and it was painful. The first session was spent figuring out how much disposable income that my family generates each month. The second session was held in an office that was under construction, the morning after he went out all night on a stampede fuelled bender (mind you he knew about our appointment for weeks, and actually suggested that time himself). Very strange that the "right product" for me was a multi million dollar, high fee policy that would have eaten up roughly 100% of my disposable income each month. Oh, it was also great to have him fighting back the urge to vomit, and releasing nasty farts every few minutes. Good times!

Good luck buying just term with them, and if you manage that, good luck buying the actual amount you need. I guarantee you'll also be pouring money into a crappy universal policy that you cannot break and will end up topping up multiple times throughout the term of the policy as the markets FREQUENTLY underperform what is promised by the initial salesman. Also, enjoy paying 5%+ management expense ratios... good lord, there are some garbage products available, and sadly those are the ones that get pushed because those are the products that lead to higher profit and higher commission for the sales person.

Seriously, if your friend wants to get into finance and/or insurance, encourage them get onto the "fee for service" track and learn from someone experienced that is a CFA and has taken the securities trading classes available. You'll actually be helping people in that line of work as opposed to learning how to bilk seniors out of their savings so they can have a useless insurance policy and high risk/high expense equity securities...

Joke.