Now that you have some contextual background on multi-level marketing, let’s get into the inner workings of Primerica. Why Few People Build a Livable Income Selling Primerica Life Insurance Primerica is in the same boat, minus the involvement from the FTC, which only adds fuel to the consumer fire surrounding the insurer. The Federal Trade Commission (FTC) recently settled that Herbalife is not a pyramid scheme, but the message from consumers remains clear: selling Herbalife products is not the “get rich quick” scheme Herbalife makes it out to be. The issue is that many multi-level marketing companies are, will become, or border on being pyramid schemes, where money is illegally funneled to the company’s owners and investors. Multi-level marketing can be ethical in theory. The hierarchy within the “downline” is where things get questionable. This is multi-level marketing, which Investopedia defines as “a strategy that some direct sales companies use to encourage their existing distributors to recruit new distributors by paying the existing distributors a percentage of their recruits' sales,” adding that “the recruits are known as a distributor's “downline.’” Primerica functions almost identically to Herbalife in that it sells life insurance while encouraging buyers to sell life insurance, too. The site goes on to illustrate what makes Herbalife a “pyramid scheme” and what “victims” have to say, inviting those who have been “harmed” by Herbalife to share their stories. “1 distributor drops out of Herbalife every 16.7 seconds,” reads a large headline on. Herbalife is a company that sells nutrition supplements and health products and then encourages customers to go out and sell those products on their own as Herbalife “distributors.” Countless bad experiences shared by Herbalife distributors online cause many people to believe that Herbalife is a pyramid scheme. Continue » Is Primerica the Herbalife of Life Insurance?

Primerica success story