Is primerica a good investment company?
On One Hand: Primerica: Profitable, Good Investment CompanyPrimerica is a good investment company with a long history of profitability. The company states that its goal is to help families become financially independent and debt free. Primerica works to serve the under-serviced middle class by offering affordable financial solutions such as life insurance and savings options. The company has been in business since 1977 and continues to grow and be profitable. According to CNBC, Primerica made an initial public offering in April 2010. InvestorGuide.com states that in 2009 Primerica generated revunues of 2.2 billion and almost 2 million investors have Primerica investment accounts.On the Other: Primerica: Pyramid Scheme?Primerica recruits salespeople and encourages them to build business by servicing family and friends. This model of business is one that some find intrusive and ineffective. After taking time and spending money to become licensed in various financial solutions, it can be
