@lili Said That's not true at all! Citigroup has so many divisions, like Citibank (used to be my bank when i lived in an area that had one nearby me) and I'd never even heard of Primerica at that point. I had a Citi credit card, also not sold to me by Primerica, Citifinancial which is a lending division of citigroup who have their own locations. Citigroup does not market soley through Primerica at all! Smith Barney is another division of Citigroup, and most people who invest with them are not associated with Primerica at all. So that's just blatently wrong. Primerica is one marketting division of Citigroup, but Citigroup was doing a lot of business way before Primerica was purchased by them, and they continue to do a lot of their own marketting.
I am sorry, I had my names mixed up.
Went back and checked and found that this was what I was thinking of:
The loan program is aggressively marketed as a debt elimation program. $MART and Citicorp Trust Bank are synonymous, because the $MART loan is the only product offered by Citicorp Trust Bank, and Primerica is the only channel through which it conducts business. As of September 2005, the managing director of Citicorp Trust Bank was Ron Carroll, a 30-year veteran of Citigroup.
I've no interest in smearing primerica, I didn't know anything about it before you mentioned it in this thread. Only reading up on it because I got curious. You asked for opinions: My opinion is that at this time it looks like a system for someone to make money, and I am not convinced that this nessecearliy the salesrep.