Primerica "internship" vs. classes and iXperience

I'm a rising sophomore at a non-target flagship state school on the east coast, interested in IB. Problem is, I only recently got into finance, having been a STEM major my first year, and thus missed the window for a decent PWM or search fund internship. Understanding it was late in the game for this year, I reached out to several PWM firms in my area, and the only positive response I received was from Primerica. I "accepted" this "job" as I thought it would be a sufficient substitute for a Morgan Stanley or Wells Fargo-type PWM internship, and if I do it I could get the SIE, Series, 6, and 63 with the fees comped.

I haven't done anything with them yet except get up to speed on the material and sign a contract to not sell life insurance or securities with other firms (which I assume would be revocable), but noticed some unusual things about the position that made me do some more external research, and it turns out it's an MLM. Basically, my "manager" wants me to recruit my friends and family to be sold life insurance and investment products (my "warm market"), and then get them to also work under me - even though I'm 19! Since I haven't actually done much with the company yet, do you guys think it would be smart to not continue, regardless of other factors?

The other issue is I'm taking a couple of classes online this summer. Whatever I decide with the above issue, I don't think it would affect my performance, for what it's worth. But I am writing this thread because I found out a few days ago I got into a program called iXperience, which is a combined class / Small PE firm internship (online) from July-August. Since it's something I would be paying for, would that be considered a legit internship in lieu of PWM (Primerica or otherwise) or search fund internships commonly pursued by freshmen? Or it is just the university equivalent of those expensive high school experiences in Chicago that colleges see right through?

I suppose there's still a possibility I could find a more "normal" freshman finance internship, given the volatility of things with the pandemic, but I'm not betting anything on it.