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Jan 9, 2010 10:00 am

Anyone use them to get sponsored for the series 7 and/or 66?  Also, how quick do you think that turn around is on taking the 7?  If I signed up, turned in the U-4 etc, could I take the series 7 at the end of the month, or very beginning of next month?  Would that be processed that quickly?  Any help would be appreciated...thank you.

Jan 9, 2010 10:17 am

Well, I got fired for failing the 7 the first time with MSSB so I need to take it asap, the earliest I can take it is end of the month and I'm ready.  So, under the circumstances I don't know if I have a choice and I'd rather be aggressively trying to get my career back on track.  Besides I think I will have more flexibility as a fully registered rep with 7 and 66 within the next month and a half, because the business end of the it, the business plan end was never a question with anyone.  I just studied incorrectly for the 7, didn't take nearly enough practice exams, ran out of time, and pursued dollars early on.  I learned how to study for these tests.  I've learned a lot about the business and I'm moving forward.  I'm just trying to find the easiest, quickest, cheapest way to get sponsored.

Jan 9, 2010 10:29 am
NewRep17:

Anyone use them to get sponsored for the series 7 and/or 66?  Also, how quick do you think that turn around is on taking the 7?  If I signed up, turned in the U-4 etc, could I take the series 7 at the end of the month, or very beginning of next month?  Would that be processed that quickly?  Any help would be appreciated...thank you.


8 weeks is the standard time.  I took and passed in 6 weeks, but I have an MBA in Finance
Jan 9, 2010 10:39 am

No, how long does the U4 take to clear, so the exam window will open up and I can take it.  I'm prepared already. 

Jan 9, 2010 11:20 am

NewRep, make sure that you are convinced that what you are doing is a good idea.   In other words, you need to consider whether the simple fact of being associated with Primerica will be considered a positive.  How will it look if it appears that you are just using Primerica for sponsorship?  I'm just asking questions.  I don't have an answer and don't have a strong opinion.

Jan 9, 2010 11:40 am

You can get sponsored at just about any prop shop.

Jan 9, 2010 12:10 pm

I already have my life and variable insurance license and I got it a couple years ago with primerica...Someone would ask me about it and I just told them the truth, I never did business with them I just got my license.  It wasn't an issue with any employers before.  I hope I'm not wrong but I don't see why anyone in the future would care under the circumstances.  I don't know.

Jan 9, 2010 12:23 pm

The reason why it might be an issue is that if you are willing to use a company like Primerica just to get what you want, the next company may think that you are using them as well.

Jan 9, 2010 12:24 pm

Selling term insurance is just not for me...?

Jan 9, 2010 12:42 pm

No.  The truth that you would have to tell this time is, "I was only using them to get my Series 7."   What an interviewing firm might hear is, "Nobody would take a chance on this guy other than Primerica.  Maybe we're missing something."  Or they might hear, "Since he was willing to use a firm just to get a license maybe he is just using us to jump somewhere else."

 
Again, I don't know that this would be the case, but it does need to be considered.
Jan 9, 2010 10:31 pm

I could be completely full of crap, but from all the people that I have spoken with who have worked at Primerica, they work LOOOONG hours, get paid nothing, have to pay rent to another person to use their closet as an office, and cannot even take the 7 until they reach a certain point in their insurance business with Primerica. Just what I've been told.

Jan 11, 2010 2:13 pm

Just a thought but isn't Primerica a part of Citi? So they would already have you in their system from MSSB (if you were legacy SB location which I thought you at one time said you were). So why would they hire you if you already failed the test? Also if you "used" Primerica to get something before why would they not believe you would again.

Just go to Jones and try to make it there if you really want to do this. But I would say that you should think long and hard about it first. If you didn't put in the commitment it took to pass the exam in the first place, what makes you think you will be able to when it comes to producing?   

Jan 12, 2010 11:36 am

It would appear that MSSB isn't as stringent as some would think...