Newcomer here
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It is Primerica, I had one of these “regional” vp’s talk to me a few years ago. I had never heard of them so as a favor to a friend I said I would. So we’re talking and I’m asking him about salary/payout/accounts etc. because I’m thinking I bring a little extra to the table being in the business for 5 years and and he tells me that’s the beauty of it, everyone starts out the same. Trying to convince me it’s a good thing to go backward. All the other b.s. he talked about I didn’t hear a word.
That is why I thought it would be a great choice, is because even though I have zero experience, I'm still have as much advantage as anyone else thats starting out, no matter what their experience. Just got my first client today...my sister doesn't have as much assets as a client I hope to get in the future, but my RVP feels that she will be a great starting out spot. Once I pass the series 7 I'll be able to roll her Roth over here. Good thing the insurance exam didn't take long to pass, at least I'll be able to do something for her in the meantime.It is Primerica, I had one of these “regional” vp’s talk to me a few years ago. I had never heard of them so as a favor to a friend I said I would. So we’re talking and I’m asking him about salary/payout/accounts etc. because I’m thinking I bring a little extra to the table being in the business for 5 years and and he tells me that’s the beauty of it, everyone starts out the same. Trying to convince me it’s a good thing to go backward. All the other b.s. he talked about I didn’t hear a word.
Yea, but no thanks. My time is too booked up at this point to get involved with some pyramid scheme. I’ve been given the amway pitch half a dozen times since college
Crap I don’t care if I have been had or not. I still feel better about myself. LOL. HOLY CRAP
Surely you're not just figuring this outGentlemen, we’ve been had.
Finally got my licenses. The 7 was about as hard as the SAT’s, I don’t think I’ve ever studied as hard for anything as I did for that. The good news is I have about 14 clients already since December, and now I’m able to actually recommend investments for them. My RVP has pretty much rolled as many assets over as possible for most of them and put them into the proper portfolio’s (about $65,000 total into mutual funds). He said now that I’m licensed he can give me a payout based off what he made from my clients accounts, probably around 10-15% of whatever the amount is.
I have done a little research on the net about Primerica and was surprised to see as much negativity about it as I did. I'm kinda disappointed I didn't do as much research beforehand, and of course my RVP had to convince me his company was the best, but obviously that isn't the popular opinion. With that being said, I'm still on my 10-12 meeting set per week pace, and have gotten about 1 client per week (4 within my family, 2 former co-workers, 4 friends, 2 from church and 3 from an investment club that I met at a driving range). I've never been more certain that my work ethic and the strength of my firm will position me to be making well into the 6 figures in the next 24 months. Our clients need us now more than ever, and need our knowledge to help them salvage their long term goals. It's a struggle that I'll look back on in a few years and laugh about. Anyone else having a decent year so far?