Is Primerica a Pyramid Scheme? Read Our Review To Find Out!

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In this article, we’ll do our best to answer the question, “Is Primerica a Pyramid Scheme?”. Read this unbiased review to learn more.

The company Primerica has been the subject of controversy recently, with some people claiming its a scam, while others say its a life-saving opportunity.

Who can you trust? 

Let’s find out if Primerica is a pyramid scheme or not.

Product Details:


  • Name: Primerica
  • Type: Insurance and Financial Services
  • Price: $99 + 25/month. 
  • CEO: Glenn Williams

Established in 1977, Primerica is a company in the Financial Services industry, and they provide various insurance and financial plans for middle class families.

To join the company, an initial fee of $99 is required plus an additional $25/month to use their online platform and tools.

As a member you can participate in the business opportunity and become an independent sales representative.

To earn money, members are required to promote the company and build a team to earn additional bonuses and rewards.

In short, members will be promoting two things; the financial plans and the business opportunity.

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Primerica Products:


  • Investments
  • Debt Solutions
  • Auto & Home
  • Long-term Care
  • Legal Protection

If someone you refer to Primerica buys a financial plan or joins the business opportunity, commissions will be added to your account.

So as a member, can you make money with Primerica? 

Naturally, there are different levels within the company, even official positions with a fixed salary, so income levels vary drastically.

Though this company does use the same pitch that most network marketing companies use (e.g. live free, be your own boss), it does have some unique features.

Primerica Pros:


For instance, one thing about the company I appreciate is that every member needs to do a background-check before participating in the business opportunity.

As we all know, there are a lot of people promoting network marketing companies who have no idea what they’re doing!

Primerica officially hires members, so a background check is necessary.

The initial fee of $99 is put towards a background check and a sales license, and the fee can be refunded in a few months time.

Then, once everything is in the clear, a subscription fee of $25/month is required to access the tools and platform.

In most cases, when a company hires someone, they’ll pay for a background check out of their pocket, instead of asking the employee to pay it.

Nevertheless, the fee is refundable, so it’s not a complete deal breaker.

It’s a smart move on the companies part, it filters out the untrustworthy members.

I also like how after the background check you’ll be given an official license to promote the business.

The background check will scan for criminal records to see if you’re a fit to work for the business. 

In short, the Primerica does put effort into making sure their independent distributors are qualified, unlike other companies that hire everyone under the sun.

In other words, the company follows the rules, and they want all the paperwork to be done properly.

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Primerica Training Included:


Some training material is also included in the members area. The material will teach you how to market the services without coming across as too pushy.

There are also some marketing tools to help with promotion.

In addition to marketing material, there are some helpful videos that explain various rules of personal finance.

The commissions are also not too bad, with each member qualified to earn 25% of the sale they make.

Promoting Primerica..


When you register for a license, Primerica asks for a list of “Hot” leads – anyone who you think would be interested in the business.

In most cases, this is a list of your friends and family members.

Like most networking companies, the idea is to build your team so you can live off of your team’s sales commissions.

Is Primerica Pyramid Scheme? 

To be honest, Primerica is not a pyramid scheme.

Though it does have some things in common with pyramid selling it also is a bit different.

For instance, the commissions are not “Sent Up” the ladder, and there are no down-lines.

Instead, new affiliates are added to your team, and there can only be one team.

There are membership levels, and you can qualify depending on the amount of sales you and your team earn.

To join you’ll need to send an application to the company or get in touch with an representative, there are no online registration forms at the moment.

Why Is Primerica Considered a Pyramid Scheme?


The problem with Primerica is they advertise the opportunity as the solution to all your problems.

  • Financial freedom.
  • Be your own boss.
  • Never worry about money again.
  • Earn a comfortable income.
  • Work from Home.
  • Dream Big.
  • Etc.

These are all vague promises. 

Primerica also wants you to believe its very easy to make money with the program, but its actually a little harder than you think.

If you don’t have experience in sales, it will be difficult to promote this company, at least enough to earn some side-income.

In short, Primerica is a network marketing company that does have some issues but it’s definitely not a pyramid scheme or a scam.

Can you make fast cash? 

I can’t recommend this company for fast cash.

If you need fast cash, read this article.

Primerica, like most network marketing companies, is a long-term project that you slowly build on.

If you’re good at selling insurance (the main product being sold) then you can likely see success with this business.

But keep in mind, about 60% of all members fail to make a single cent.

Nevertheless, the company’s services are useful and have helped many people come out of financial holes.

In other words, its easier to promote Primerica services than other networking marketing services where there’s not much value.

Our Conclusion:


To summarize, Primerica is not a pyramid scheme, but I also don’t recommend it.

I don’t think its a good idea to invest so much time into a business that could go under at anytime, taking all your hard work down with them.

It’s also a struggle to find clients.

I think its much better to build your own website, one that could – potentially – bring in a lot of cash on auto-pilot.

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Have you tried Primerica? Is Primerica a Pyramid Scheme in your opinion?

Leave a comment below and share your experiences!


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