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primerica Complaint - Primerica is dishonest
primerica Complaint

primerica Complaint


Primerica is dishonest

Primerica failed to execute the investment direction we asked for and ended up locking us in for 7 years!!! AND now they have the balls to want to penalize us for their incompetence. They also got us to cash out a whole life policy from a competitor to invest with them and ended up losing a huge chunk of it. I'm told by the umbsmen that this is their style. Primerica is not honest and will lie and invent to get out of their scam. STAY AWAY they train their agent to take advantage of people and they don't even know they are doing it. If you are thinking of becoming a client, run....unless you enjoy being lied to and taken advantage of.

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Districtmanager1 says: (6 years ago)
We only sell A shares so this must have been an annuity. Check out our BBB rating to determine our dishonesty as a company. Also go to findthebest.com if you'd like to compare us to other life insurance companies.
-proud primerica rep :)

berferto says: (7 years ago)
Yes, I purchased "B" shares so I must hold them for 7 years. No big deal as that can happen wherever you buy "B" shares. But you cannot move the account to a different custodial company such as Schwab or Ameriprise without cashing out the shares first & paying the early sale/withdrawl penalty. Never heard of this one before. Clip joint. You can get in but you can't get out.

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