Is Primerica Evil?
October 31, 2011 2:35 PM Subscribe
Is Primerica a bad company and would you invest with them?
posted by birdlips to Work & Money (16 answers total) 1 user marked this as a favorite
My wife and I have tried to be smart with money. We try to do our best at balancing the worksheet. Put away for emergencies, pay with cash etc. However, we have made our fair share of mistakes with which we choose to invest through. We got sucked into a Variable Life Insurance (cash value life insurance) plan a few years ago. Now we are recovering from that mistake.
We are now just doing the normal retirement planning strategy that seems everyone else does; 401Ks, IRAs, 10% rule…etc…
So a friend of mine (one of my closest friends) introduced me to another friend of his. This man works at Primerica. My wife and I are naturally suspicious with these kinds of things now.
We are not looking to be part of their employee model but more wondering if we should be running away from their investment model?
I should mention we are not looking at throwing everything we have at them, maybe just use them for insurance and some additional investment options.
I would love to hear stories from others, good and bad. I do appreciate brutal honesty if necessary.
As always, I find myself trusting the opinion of the people on this site more than most others.