However, there is enough negative information about this company that we simply cannot recommend it fully right now. Company: Primerica Product Type: Insurance and investment products / MLM business opportunity. Since Primerica is an mlm business opportunity, many of my readers and investors have asked, ‘Is Primerica a pyramid scheme?’ Under US laws, Primerica is not a pyramid scheme. Primerica is neither a pyramid scheme nor a scam. For us to answer this we must really know what a pyramid scheme is. If you do well, you can make up to 95% commission by simply selling the products and this is why it is considered one of the highest-paying MLMs. We DO NOT feel that there is any type of scam or scheme associated with Primerica. The mlm legality issue has been discussed in our popular article, MLM vs Affiliate Marketing. Is Primerica a pyramid scheme? However, many wonder if Primerica is a legit company based on their first interaction. Jennifer Fong hit the nail on the head with her post as far as DSA involvement goes and a clear definition of pyramid schemes versus legitimate direct selling companies. I suggest you read the article to understand more. Menu Home; Master HDR Photography; Master Your Camera. Wikipedia defines a pyramid scheme like this: "A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services." Some call it a pyramid scheme or a scam and some support it saying it's a legit money maker for them. Primerica puts themselves into it. Photography Tutorials and More. Profit Potential: Full time income My Score: 3/5 Summary: Primerica is a legit company with a long track record. In the books of the Federal Trade Commission (FTC): A pyramid scheme is a promise of paying clients for them recruiting new members into the program, rather than selling an actual product. And, because of the close ties between Network Marketing or MLM with a Pyramid Scheme, many people claims that Primerica is a pyramid scheme. Introduction to Your Camera This is not to say that there is a Primerica scam or Primerica pyramid scheme. Are you looking for a Primerica review to determine if the insurance company is a scam, multi-level marketing company, or pyramid scheme? As Primerica does have numerous products and it is possible for recruiters to make money by selling these products it is not a pyramid scheme. Primerica Financial Services, Inc or Primerica as it's popularly known is a biz op that has a lot of controversy going around it. Primerica Review Summary. Also called Prime America at times, they distribute financial products to the North American residents. Letsimage. Many new agents are brought into insurance sales through Primerica’s recruiting effort.. What is a Pyramid Scheme? It is a company that has been around for years. 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