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Primerica is the parent company of National Benefit Life Insurance Company, Primerica Life, Peach Re, and Vidalia Re. [8] [11] Primerica acquired e-Telequote in July 2021. [12] [13] The company that would become Primerica was founded in 1981. Primerica had its initial public offering in 2010.
World Financial Group ( WFG) is a multi-level marketing [4] financial and insurance services company based in Johns Creek, Georgia, a suburb of Atlanta, which sells investment, insurance, and various other financial products through a network of distributors in the United States, Canada, and Puerto Rico. [5] [6] It is wholly owned by Dutch life ...
Cited on Wikipedia, a 2012 source for the MLM claim about Primerica comes from Ryan Chittum, in the Columbia Journalism Review. The only spot in his piece mentioning Primerica says, “1988: Weill buys Primerica, a sketchy multilevel-marketing (pyramid style) firm that sells term life insurance.”.
Multi-level marketing (MLM), also called network marketing or pyramid selling, is a controversial marketing strategy for the sale of products or services in which the revenue of the MLM company is derived from a non-salaried workforce selling the company's products or services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system.
Betting on Zero. Betting on Zero is a 2016 American documentary directed by Ted Braun. It investigates the allegation that Herbalife is a pyramid scheme, and follows Bill Ackman 's short investment in Herbalife, which is ostensibly a billion-dollar bet that the company will soon collapse.
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www .ripoffreport .com. Launched. December 8, 1998. Current status. Online. Ripoff Report is a privately owned and operated for-profit website founded by Ed Magedson. [1] The Ripoff Report has been online since December 1998 and is operated by Xcentric Ventures, LLC which is based in Tempe, Arizona. [2]
The New York Department of Insurance has fined National Benefit Life, a subsidiary of Primerica Life Insurance Co. and a member of the Travelers group, $500,000 for submitting false pre-licensing certificates of education for 80 of its agents. "N.Y. imposes $500,000 fine on Primerica Life subsidiary" King, Carole.
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