Well it’s official. Primerica representatives are going to start promoting debt settlement for Freedom Financial network. The first public information on this was sent in by a reader.
The Facebook announcement says:
Imagine how it would feel to not worry about debt. Primerica is pleased to make Freedom Financial Network available to help you determine your best debt relief option and be debt free! – Source
Hopefully the Primerica representatives have been given some comprehensive training about their liability and what they can’t say under the FTC TSRs.
It’s a good thing that Primerica describes themselves as a company that helps people that have to “settle for less.” – Source. Well I guess they are now.
And here we go. My prediction is this is going to get messy with all those inexperienced debt relief sales reps out there in this multi-level marketing company selling debt help.
Primerica is described as a multi-level marketing company which sells financial products and services using a hybrid model of direct selling, franchising and distribution.
Headquartered in unincorporated Gwinnett County, Georgia, Primerica spun off from its former parent company Citi through an initial public offering on April 1, 2010. It is a financial services marketing organization in North America with approximately 90,000 independent representatives, including 22,000 Financial Industry Regulatory Authority (FINRA) Series 6 licensed through Primerica’s securities broker-dealer affiliate PFS Investments, Inc. in the United States, and through PFSL Investments Canada Ltd. in Canada. The company focuses on the sale of term life insurance, as well as providing other financial products and services including mutual funds, annuities, segregated funds, managed accounts, long-term care insurance, pre-paid legal services, auto insurance, home insurance, credit monitoring and debt management plans. The company has more than 4.3 million life insurance clients and over 2 million client investment accounts. – Source
Primerica conducts business principally in the United States, Canada and Puerto Rico.
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