In my younger, more vulnerable, far more gullible years, some representatives at Primerica asked me to sign up with them. They told me it would be a great Summer job in between college semesters and that I'd learn a lot.
Learn a lot I did.
They did pay for me to go to to state-required classes to become a licensed insurance salesperson. They were right, I did learn a lot about insurance there. The theory, how it works, lots of legal stuff and ethics, etc., etc. I was happy about that. It's good stuff to know.
I also learned about the company.
It didn't take long for a giant red warning sign to pop up in my head: "WARNING!!! PYRAMID SCHEME CULT. WARNING!!!"
That's exactly what it was. You see, the way Primerica worked was like this: You go out and sell an insurance policy and maybe a few other things. You get a commission. So does the person who got you to join. So does the person who got THAT person to join. And then the person above that person, all the way to the top.
I, being something like the 6th or 7th generation, would be feeding cash to the founder of that local chapter. Looking at the commission rates it soon became clear: If you're just working to sell insurance, you won't make much money. But if you can get 100 people under you then you don't have to sell insurance - all the dumb grunts would be doing the work for you. All you have to do is have weekly meetings and buy food and play music and do bizarre "team building" exercises and hire the occasional motivational speaker...
And then I thought, "So, people who are buying insurance and securities through this company are not only paying for my time and the service, but also all of this other crap... Including the person at the top who is just jerking off all the time at this point."
Well, it took all Summer to take all of the classes - passed with flying colors - and they even paid for me to take the state exam and get the license. I did both. By then it was time to go back to school and, though I was supposed to get back in touch with The Cult, I never did. I took my knowledge and ran for the hills.
Thanks for the education, Primerica, not only on how insurance works, but also what a truly abusive freak show your corporation is.
You were right. I did learn a lot.