Is Primerica a Pyramid Scheme? It’s not, as it’s been around almost 40 years now and it also has a very good BBB rating (see it on the left-hand side of the page). That word “Ponzi” is just a search term some people use to search for information about whether Primerica really is a Ponzi Scheme or not. So it’s here on this article to answer the question, not so much that Primerica is indeed a Ponzi Scheme, but to see what the company stands for.
Is Primerica a Pyramid Scheme – Watch this to Find Out!
Primerica was started by Joseph Kennedy, who had been in the financial sector, and he was not happy with the pyramid schemes and the kind of money that most of these companies were promising. He wanted to create a company that would be completely different. He was able to create this company, as he believed that in order for a person to be rich, it would take more than one person to actually build a successful business.
So is Primerica a Ponzi Scheme? No, it is not. The concept is that you build your own home-based business using the profits of Primerica. You are able to work for yourself, so you have all the advantages of being self-employed without having to rely on any outside help, except for the Primerica fees, which are a very small percentage of what you will make from each sale.