Is Freedom Equity Group a scam?
With the emergence in popularity of the Freedom Equity Group, most people who are hearing about it for the first time (and wanting to learn more) are setting out to perform their due diligence on the company.
And while Freedom Equity Group is a perfectly legitimate company with a sound business model, those individuals conducting research on any business in general will usually take to the internet and do research on a company to see if there is any information available that may cast that particular business in a negative light.
As will be evident to anyone who is looking into this company, they’ll find that Freedom Equity Group is not a scam, but rather a perfectly legitimate business.
However, I was once a member of Freedom Equity Group and with being required to go through the grueling process of recruiting agents and going out into the field for appointments, I found it to be much too complicated.
Also, the problems with most insurance IMO’s is that you’re expected to recruit others while dealing with high attrition rates.
Consequently, the success rate for agents is usually very low.
Nevertheless, if you like going out in the field and recruiting agents while traveling to appointments, Freedom Equity Group may be just what you’re looking for.
Although if you prefer something that allows you to generate significant cash payments while working from the comfort of your home, you may want to look elsewhere.
Do you have an experience with Freedom Equity Group that you’d like to share?
We welcome you to leave your remarks in the comments box below.
I joined FEG in November 2018. I have a great trainer who is educating me and my team and who helps us grow the business. We have an awesome support system and trainer who teaches and helps our team members how to be successful and earn a good income. We work together with our downline to help them grow their business as well.
My husband and I are both self employed and we knew immediately upon hearing the presentation this was going to be another opportunity to create another stream of income. Most important we believe in the product and we have already helped many families with their retirement plans.
I earned 4300.00 the first month Partime.
I have personally met people who have earned over 35,000 a month (yes I saw their check stub)
I first heard about this business opportunity from someone I trust.
I enjoy working for myself. Its not a get rich scheme so you do have to work at it. However, if you follow the system and the training that we provide, you will succeed. As you learn about the product it will motivate you to promote the product and the business.
Personally I am so grateful to have learned about FEG and I am looking forward to the continued success in this business.
I am most excited about helping people in my network. Providing a retirement plan that fits their budget, protection for their family and the living benefit.
I am also a real estate agent so I am accustomed to earning commission based on sales. This business opportunity has provided another stream of income and can provided FREEDOM from the 8- 5 job. I recommend you start Partime build up your income then consider going full time.
It may not be for everybody, however I must say it is working for us.
You know the saying “What you put in, is what you get out”
I recently joined this company and realized it’s not for me. How do I quit?
Just don’t do anything, we are not captive as FEG member. I felt the same way at first but my mentor was so patient showing me everything I needed to know to succeed.
Just don’t do anything, we are not captive as FEG member. I felt the same way at first but my mentor Polly was so patient showing me everything I needed to know to succeed. As a Registered Nurse and doing FEG as part time sometime work I made 64k extra so far in a yr. It was awesome plus I got to travel and have fun. Thanks Polly.
Frank Brenes They are simply like a pyramiding scheme.. recruit is the foundation of their existence, not sales.
They cannot even sell policies to those they cannot recruit. They dont even know how to talk and sell. They only got sales with those they recruit. No sales skills. Lmao! 😂
For them, recruit him/her first, promise him or her get rich quick schemes and when he/she becomes a member, they would tell the newbie, “Com’on you cannot sell something you do not believe in. So if you must sell life insurance, you must have a life insurance. So buy a policy from me, i am ur upline, i will write the policy for you.”
And thats the fuckin wheel that a lot of them says, “Do not reinvent the wheel.”
I will answer them, “F*ck ur wheel!”😂
VampireHATER you are just a hater period. You do not have to recruit to make money and you by your comment have shown you know nothing about FEG. It is not a get rich quick scheme and is never promoted to be by the company. I made over $11,000 last month in sales part time with no recruits or agents as I call them! We have great products from large established successful companies that love the volume and amount of sales our company does. Keller Williams has Real Estate agents that just sell homes and agents that sell homes and build a team just as we do. I know a successful State Farm Agent. He has some agents in his office that work for him and share the commissions. A lot of business do that. We do have 100’s of agents making 6 figure income. They work and sell the products to customers that see the value of what we do to help them. I believe strongly in what we do! Most of us do! I have the products, my wife does and have seen what it good it has done for 1000’s of clients our company has helped.
My mom joined the company and made over $20,000 in 2 months. It is real but you have to put in effort, a lot of effort. However the only down side to it is the levels. The levels take a lot of work to move up and I wish there was an easier way to go up. Otherwise the IUL plan is great, if you fully understand it! My whole family have it.
Was there for eight months. Hundreds of complaints to corporate, and threats of legal action re David Weiner, who scammed all of them out of hundreds/thousands of dollars. Corp said they were concerned and would take action, but never did a thing. It’s $125 to join FEG. Contracts are 55%. Less than 1/2 of 1% will make a dime and reach 93%. Some teams, like Davids, will make you sign an NDA just to get access. None to poor training, just brochures in the back “War Room”, which is more about fancy graphics and animations than insurance with only one video that shows how to sell an IUL. It’s a churn and burn operation, knowing 99% will leave fast so they’re BIG on recruiting, and then selling to those recruit’s warm markets using mentors who are geared to getting a piece of the action as fast as they can (Dave Weiner team=BEWARE). Push to contract many carriers then a strict no-release policy after agents realize what they got themselves into. it’s too late. You could be seriously hurt joining this IMO. Don’t join where you get less than 90% contracts, where you can’t move freely and especially wherever you have to pay to join. It’s a big red flag, folks. Been there, done that. The good ones will let you leave, knowing you’ll go out and come back after you see what’s out there.
jim mulick.
you worked there. have questions for you.
I paid to get beginners kit or package to learn not knowing about it.and never got the money back . They won’t refund. It was like throwing the money off the board.
Wow I just heard about this company tonight so I thought I would check out things. I have been in sales & marketing for 30 years, 0 years in the insurance industry. I think its sad so many people feel the need to talk trash about others and other companies. I currently make a great living in the the healthcare field doing sales, after reading all the crap I just read and I read a lot of these comments I think I will tell the person who spoke to me about this I will pass on getting involved in this Insurance Industry.
I wish you all well in this industry.
Thanks to you all for helping me see the light to stay in my lane. PS: I do expect to receive critical comments for my comments. LOL….
I’m new to the insurance industry and read your pros and cons regarding FEG. Does FEG or any IMO offer a home-based or office calling center with inbound leads?
Yes, FEG only offers that through a Division that is operated independently of the company. Not only that but with that Division and that division only we start you out at a higher commission than in any other division. We provide live leads and do not charge for them. You also get extensive training. If you want to know more, you actually have to speak to someone who is lucky enough to be in that division, such as me. You can reach me at (7zero2) six zero 5 – four 7 four zero.
LoL!!! Dont hype the person dude!
My upline in FEG who is a $100k earner doesnt even know what lead is. Dont fool people. FEG agents are just wired to recruit family and friends and sell the policy to their recruits. In short, cannibalizing the new recruits. LoL! Thats why i left FEG. I was even told by that $100k earner not to mention the word “Life Insurance” to the prospects. LoL!
I have a question for all the people who say FEG is a great company to be in. Has anyone died yet and gotten their life insurance paid out?
FEG is like a independent broker. They are not the insurance company. They only write for very financially stable companies that have huge assets and longevity. So yes a claim will be paid and many have been.
More important and more likely, than a death claim is a living benefits claim. I was able to deliver a check for $735,000 TAX FREE to a client, just 30 days after they started their policy, due to cancer. Client is now cancer free and semi-retired. That is life changing and that’s what living benefits do. If you have the right agent and the right company.
So the Insured just paid one month premium, and was diagnosed with Cancer! Your insurance carrier must be very generous and probably the policy doesn’t have the 2 year
Contest ability period. I have a lot of friends with cancer, can they aviail of your insurance ?
Obviously NO if their cancer is current. That client was diagnosed with throat cancer one month AFTER he took out his policy.
If your friends are cancer free for 5 years, they can apply for a policy.
FEG has AIG final expense. Everyones approve for a max of 25k.
I did
Yes, people had died and got their life insurance paid out to them. Those are the best stories to share but you now don’t have to die to use the life insurance, because FEG is about the living benefit crusade. If you were to get sick today and have either terminal or critical illness, you can accelerate your policy to use anytime.
Yes, my wife of 22 years died in June of 2017. She owned 2 policies which paid within a 2 week period after receiving her desth certificate.
FEG is a real company doing great things for ordinary folks.
The integrity of management is superior and the products and Carriers they represent are the best in the industry.
Don’t be fooled by nay sayers…they are ignorant of the products and company model.
Btw…if you perform due diligence on srarch engines you can find negatives just about on everyone…including the Sainted Mother Teressa. LOL!
All insurance companies are the same….they have the same structure whether you think it’s a scam or not. I just joined FEG recently (coming from NY Life), and the main difference, in my opinion, between FEG and other companies is they have more options, more products for our clients to choose from, and a variety of companies to choose from. We are able to design the product that suits their needs best. In this industry, whether you have a good or bad experience stems from your own determination, who your upline is and how much they want you to succeed. Obviously, some managers don’t know squat, and all they want is to make money–which us unfortunate. Then there are others who do it to genuinely help people.
(For example, I just sold a small policy to my client. I could’ve been paid commission in full all at once, but I thought of my client’s needs more than getting paid. I chose an option where the surrender charge wouldn’t hurt her, and because of this, my commission will be split in 5 years. Not all insurance agents are bad….I’d like to think I’m one of the good ones.)
It really depends on who you work under. I’m fortunate to be under a leader who takes time out of his schedule to thoroughly train his whole team (and I mean the whole branch) on the different products to make sure we are knowledgeable and can communicate this well to our clients. Each FEG branch differs from each other. Also, there’s no quote you have to meet, and you can just do this on the side while doing your full-time job. It doesn’t feel pushy at all, at least at my location.
In the end, everything depends on your determination, your KNOWLEDGE on your products (I can’t stress how important knowledge is), and your leaders–do they want you to succeed? The best kind of leaders are the ones who want to see you surpass them. There’s a sense of accomplishment in knowing they helped their team get to where they want to be. Some advice, and this applies everywhere: Find out what kind of leader is your leader, and that will determine your future at your company.
For the people who have already made up their opinions of FEG: You can’t educate someone who doesn’t want to learn. So we can agree to disagree.
I couldn’t agree more on everything that you have said! Thanks for sharing…I’ve been with FEG for about 10 months now and I love it! Leadership is crucial to the success of this business for sure.
Are you still with this company?
Yes, I joined this company and they have great teams and leaderships.
they are dishonest especially bloom and petro and have no discipline
I want to join but I don’t want to be under Gilles Moua . I want to build my own empire so can I?
I read that individual was involved in a lawsuit where FEG was sued by a company called First Financial Security after bringing over his downline over to FEG some weeks after quitting First Financial which violated their non-compete agreements, etc. Do you have a personal beef with this person or are you in fear of history repeating itself if you join with that particular sponsor?
I have been with FEG for 3 months and I can say that it’s just a side job. I love the IUL. If you need any thing let me know.
Very good and great explanation, My 2 Cents!! I’m also part of FEG.
Maybe you didn’t made it with New York Life because if you do, there’s no reason to leave the #1 insurance company! Comdex rating of100! Am not from New York life but I have researched most of the companies with a Comdex of 95 and above because these are the companies that are not correlated with Wall Street casino (Mutual companies). Most insurance networkers selling IULs don’t even know the mechanics of the policy which is and Annual renewable Term with a side fund, and then they are talking against a Trrm policy!
I am grateful to hear these positive words you said about FEG. I 100% agree to what you said. It’s all about being educated on retirement free strategies. It’s all about sharing the living benefits with no extra cost and how everyone should consider and look into this. I am a living testimonial and was able to use my living benefits when I was diagnosed with breast cancer. It’s true what AARP quoted: “Cancer can attack more than just your body. It can also destroy your bank account. Even the best health insurance might not protect you”.
They are simply like a pyramiding scheme.. recruit is the foundation of their existence, not sales.
They cannot even sell policies to those they cannot recruit. They dont even know how to talk and sell. They only got sales with those they recruit. No sales skills. Lmao! 😂
For them, recruit him/her first, promise him or her get rich quick schemes and when he/she becomes a member, they would tell the newbie, “Com’on you cannot sell something you do not believe in. So if you must sell life insurance, you must have a life insurance. So buy a policy from me, i am ur upline, i will write the policy for you.”
And thats the fuckin wheel that a lot of them says, “Do not reinvent the wheel.”
I will answer them, “F*ck ur wheel!”😂
Here is my take on Freedom Equity Group. Is it MLM? (Not in the sense that MLM comes from the insurance industry model, not the other way around).
I am still with FEG after several years, but FEG is not the only IMO I work with. I choose NOT to recruit others the way FEG recruits people with no concept of how the insurance industry works. I recruit only exlerienced insurance agents. I would guess 50% or more of new recruits dont even make it to get licensed. The only way someone will be successful is if I help them get leads and work them. Many managers at FEG dont know how to do this.
If you want to learn a new business or industry and be your own boss, FEG is a tight learning and business model. You could do far worse. It is not easy, but it is not impossible to be successful. The key is really whether you have a great manager (upline) who knows what theyre doing and is willing to get involved in your business.
If you are worn out, pennyless or destitute, work somewhere else, and save your money for the cost of training, licensing, and E&O insurance. FEG is perfect if you like people, have some degree of persuasion skill, and do it on a part time basis.
I personally love working with FEG. I am proud to represent them and the great insurance products they offer. The guy who recruited me was more interested in selling me a product than anything else, but he eventually left, leaving me to figure it out on my own. He did not know the insurance industry that well, and went off to a MLM company. He was at a career point where he was grasping for straws. Dont be like that guy. If you have the time and a little bit of money to make your own insurance company, focus on selling great life insurance and not just recruiting, you will have a lucrative career at FEG.
I read all comments here. What I liked to point out, there are dumb people who think MLM a scam. Look, no matter where you are working with.. there’s always a boss or a leader in every organization or group – for profit business or even for non-profit organization. You may claim your business is not MLM or it never come into sight as having a structure like MLM. Fact, no business can exist without pyramid shape structure or structured like MLM. I do not need to give more details about it, all you have to do just be more analytical or logical – just be smart not dumb.
I read a bragging comments here. I guess this person has been in the financial services for a long time. No matter how experienced this person but it all depends the quality of products your selling and how credible and dependable is the Insurer doing business in the insurance industry for a long time. I bet you, new well-trained agent can sell more Term or IUL with Living Benefits versus an experienced old agent selling an old traditional life insurance no living benefits. Besides, most old timer agents are captive because they belong old insurance brokers – old regulation with fine prints for agent to sign “you are captive”, if an agent decided to join other awesome comp plan insurance brokers somewhere else, this agent maybe get sued. It is not convincing to me even how an agent claims about his/her expertise, experienced, bragging about his/her securities license, and so on.. The question is, what kind of product are you selling? Tell your prospect the truth, life insurance with no living benefits is outdated inferior product. Actually, which one..a typewiter vs computer, analog phone vs iPhone 7.. If joining a company, check the comp plan if it is doable, proven effective marketing system, and team supports.
Shouldn’t call people dumb when you can’t put a proper sentence together.
Appears to me that the post was written with an iPhone or Smartphone …
Any intelligent person can easily piece together the meanings …
It’s easy to be critical when one hides behind a fake name
FEG is a great company to work for. Being 10 years in the financial services, also went to other IMOs. FEG is the best IMO ever. Choose a great office and a Leader to mentor you the right way in dealing with clients. Find someone that is genuine and sincere for everyone’s success as a team. Be one of the Quality agents and be involved in the community and network. We have been with FEG for five years now and getting better every year. We love Freedom Equity Group!
Don’t start unless you can see the finish.
Hello Steve my name is Charles I’m currently a licensed agent independent I want to be apart of group that wants to help people my motto is process over profits can you tell me about this company please
Hello Charles
Visit Stephaniethornton.wfgopportunity.com
If this is of interest you’ll see my contact info.
Charles, I recently became an associate with FEG and can help you with becoming an associate.
you would enjoy working here being your own boss, how much you make depends on your work ethics. or how much time you put into it.
Gal[Call if your interested 704-267-9986. Will be glad to help!
I spoke to Scott and his upline manager Tui. After talking to both of them, I wouldn’t become part of this group for anything. I was told, I could start at a 30% contract and then maybe work my way up to 50% contract….LOL I’m told they have no lead sources and everything is word of mouth. Think we all know, that only goes but so far and after you run through (and destroy friendships) with your friends/family, you’re pretty much dead in the water. There is so many better opportunities out there that offer far better contracts and offer leads.
If it’s not a win-win situation, then why would anyone want to become involved?
I once sold time shares, which I thought was a good way to vacation, for those that had the means.
I did fairly good at it.
My pitch was simple.
I would tell those at my table “if you came in for your free gift and really not that interested then let me take you on the tour and let you be on your way”.
“However, if you vacation and this won’t take food of your table, then perhaps you should pay close attention and see how this will benefit you.”
I had one client who said they already owned two timeshares, oh well I thought, not going to be selling them another!
To my surprise they bought another, which taught me never to assume.
Sales is an honorable profession, that is as long as your selling something the other person can use and it’s a straight up honest deal, otherwise, take a walk.
I have not searched out all the nuts and bolts with this, but can see how if it’s what is claimed, just might be something here, so for that reason I am not going to weigh in to say all in, or take a walk.
Hi Charles,
if you are seriously consider about FEG, I can assist you on the matter.
Scott
We need people to keep the pipeline going here at FEG .If you don’t make money its because of your incompetence. Not everyone is going to make make it.If you make a list of everyone you know and push hard for them to join even if they fail, some will fall through the cracks, that how insurance is built on the backs of failed loser agents,only the strong survive like in the gladiators coliseum.
Put down the coffee coffee is for Closers!
Look, no one is going to succeed at anything they try unless they BELIEVE it is so… My early days with Ron Kevin, Billy and Victor were wrought with frustration because I didn’t have the guts to stand for what i was selling. Once that magic month came in 1983, two years after i joined part time, nothing could go wrong. Know why? I became a believer in the ideas I was selling. We all know the word “Life Insurance” has a negative connotation. To be a success in “selling”, (I prefer the word sharing), I had to change my whole way of thinking, ie; why am I working so hard to help these people understand the concept, ie; “being an ‘information giver’, to someone would would not take “NO” for an answer.
That’s when I became a ‘CLOSER! Know how I did that, by never again asking a question the client could say “no” too! And I demanded straightforword replys or I either told them I’m not leaving this table until… or, are you strong enough to make decisions for your family, company, Corp., etc. without accepting a little backtalk?
Ex: 1.) Are you be willing to be totally embarrassed when either one of two things happen? And there are only the Two Things! Living or Dying. Ask them. Am I right?
Ex: 2.) When the IRS and/or the Grim Reaper comes a knocking at your door, will you be able to stand up to either of them, and say, hey, you finally Lost the big game. (Of Life). Both of them!
Ex: 3) One of my favorites, you just plain tell them they’re not smart enough to make a life saving decision when it comes to your loved ones, or Co./Corp? Huh, well are ya? Do this with real men, leaders, centers of influence, and esp. hard nosed tough guys. Hey, my friend, you tell ’em, Whats gonna happen when this lil talk of ours gets over to friends at the competition. Now understand, this one is reserved for only thos special assholes_that treat you with complete disrespect.
A strong closer!
No, you are a pusher, forcing and playing on others gut feelings, then twisting their thoughts into negative doubts, causing them to rethink themselves, then PUSHING them to sign on the dotted line.
You might make a sell right then and there, but would bet you any amount that soon they would be bowing out.
Oh yes you might very well be bringing in hugh amounts of cash for yourself, but sometime in life all your shady dealings will come back on you in forms of misery, if it has not already happened, just wait, “it will.”
That’s why I encourage those of days of innocents to not allow those like you to get one word in, for you will wear them down, you have just told everyone that’s how you roll in life.
SHAM, ON YOU
That’s what closers do with other forms of insurance, right?
This stuff isn’t something people regret. Or am I wrong?
they said it would be $20 to join and then ended up taking 20 a month out of my account for 7 months. they would not refund me either.
I don’t pay anything…
Join the Gillese Moua EMPIRE in FEG and you wont fail. Unless you choose to.
You will know sooner or later!!! Why follow a failer leaders???
I REALLY LIKE YOUR COMMENT. It makes sense. I am just starting in the insurance business. I am a nurse about to retire and when I saw this, I really saw an opportunity to help my friends, and my family, and others interested in getting the best and most appropriate insurance for them. Since it’s not really my bread and butter,my client’s best interest comes first before whatever money I could make. I studied religiously for my license of which in doing so, I learned a lot about life insurance and annuity thus at least I know what I am talking about. And the icing is being a member with FEG which through the tools they provide, the business is systematically available and doable.
If FEG is a scam, the whole industry is a scam. You have to be licensed by the State Board of Insurance, you have to have E & O insurance, you have to be appointed with large insurance companies they represent, you have to be finger printed and background checked out to see if you have a criminal record, and you can not make one dime until all that happens and you sell a policy. It does cost you some money to do that as you are in business for yourself.
I sold and sell Real Estate. I had to go to school and get licensed, pay for E & O insurance, finger printed, and I had to pay for all that and expenses myself. I had to go and find my customers and split my commission with a broker. Keller Williams Realty must be a scam because you can build a team and override your teams commissions. There are many sales businesses that work on a model like that. At FEG you are not a financial planner, you give friends, people in general a better option on something they are already spending money on. Also as most people know, their 401 K is sucking and has been a long time and one or two market downturns is devastating to their retirement. FEG agents do not move a qualified plan but can give you a better option on the current monthly money you are spending every month into the program. That is not too complicated and something I figured out a while back myself. So basically you are helping people get a better program for the money they are currently spending and not creating any new expense for them. Don’t listen to dull delusional crybabies. There is fall out in every industry as people do not learn or follow thru on basic skills. Many people get their license in Real Estate and never make any money or very little money at all. So does that make Real Estate a scam? I have been in Real Estate for many years and have seen many people come and go. People love to blame their own failures on some one else, when actually it is the person in the mirror.
I don’t know…are you aware of any real estate MLMs?
I doubt you’ll find many sites like this guy’s blog as it relates to real estate companies, but there are countless amounts of these blogs regarding the insurance biz.
It’s easy to name numerous MLM Insurance companies…can you name any relating to real estate?
Bottom line is that the insurance industry has been tainted by enough MLM business models to leave a bad taste in the mouths of many…so the “scam” question isn’t as illegitimate as you’re trying to suggest.
Well stated!
As I commented earlier, “if it’s a win-win situation and on the up and up, then sells is truly an honorable profession.
No need to be hard core and sell like a used car salesman, for if that’s your practice, then your missing the whole concept and only hurting those who do understand the plan.
Chargebacks done Got Me !
I only thought I made $100,000 !
As it turns out I was only Ni****r Rich!
Talking slang you must have learned from the hood, time to grow up and make something of yourself and leave childish ways where they belong, “In the past”.
It’s called maturity which only you have control over, don’t allow life or others dictate your future, Take control, Grow Up!
This is definitely not a stable career. You will not survive since this is strictly commission. This was nothing but a bunch of “rah rah” speeches and bragging how much money they make. “You can make $45,000 A MONTH!” Bunch of bologna. It is a giant pyramid scheme, that’s all it is. “If you get two people to pay $1,000 and then those people recruit two more people…blah blah blah.” Its nothing but a bunch of guys in suits who are great motivational speakers. I went to one of the conferences and it was about marketing yourself. I thought I would learn something new. It was literally how to use facebook and post stuff. I was like really? What a bunch of crap. Wow, I can post things on facebook to market myself? No shit. Waste of time and a bunch of “Rah-rah speeches.” It is a GIANT PYRAMID SCHEME. That is all.
Sorry things didn’t work out for you and it’s not a bunch of Bologna. I made 2 dollars and 75 cents last week cause I put in the time and effort to help people and I have a positive attitude. Losers blame others winners make result not excuses. Have a nice day
Lol…2 dollars and 75 cents…Good luck with that salary!
HaHA funny! Sounds like you are being sarcastic and commenting to be funny.
Hey, good for you!
A little of something is better than a whole lot of nothing.
Oh boy, stumbled on this site and after reading some of the comments just could not resist.
Although FEG is not a scam, per se, it is nothing more than a rehash of A L Williams or Primerica. If you are not familiar with these names look them up. Call it whatever makes you feel good but it is MLM at it’s worst!! The business model at FEG is not even original and has been around since the 50’s, if not earlier. They seem to be cruising under the radar, but it is only a manner of time before state regulators come crashing down on these guys.
I am licensed (multiple states), a registered representative, and IAR with a very reputable financial services company. I was looking for a second career after retiring at 57. Did a lot of research when I started out 5 years ago, then started with a large company and left after 1 year because their compensation plan was just not doing it for me. This business is hard enough, as you all have noted above, but when you are not getting paid or recognized for producing, that makes it almost impossible. I ended up at another company and I am now very very happy (and well compensated). If FEG is paying 30% commissions that is really sad. That is way worse then the first company I was at.
Another issue is that to be successful you have to put the time in. This is not, I repeat, is not a “part time job”!! If my doctor was a part time auto mechanic, I would not go to him for either a check up or a tune up. This is a career that requires lots of training, certification, and professionalism. This is about building your own business with the help of a high quality organization backing you up. Not about building a business for your upline! Also, I would not expect to see a lot of FEG folks at a local NAIFA meeting, just saying.
So how do I know about FEG, you might be asking yourself. Well, just last week a client of mine ask me to meet with her. She was going to bring someone to the meeting and she wanted my advise on a new “opportunity” she was looking at. Up until last week I did not even know that FEG existed. My client is a single mom with a young child. She is involved in a couple of network marketing opportunities selling quality health related products. She has had a tough life and is just trying to make her way in the world. She has a small IRA with me, as well as a 529 plan. She also has a modest term policy. She has really transformed her situation since we first met 3 years ago and is now putting money away for her retirement and kids college fund on a regular basis. The account is growing and performing well. She has a term policy simply because that is really all she needs and can afford right now. We have discussed looking at a UL policy down the road. I have run a number of illustrations, but like I said, it is just not doable right now, given her income and the amount that would be needed to properly fund a UL policy for any kind of cash accumulation.
So she brings this guy in and we get settled in our conference room. I ask “So, what’s up, what can I do for you?” This guy launches with the “What would you rather have, the red line or the blue line…?” pitch and places a chart in front of me! Not labeled accurately, no disclosure information, and from the looks of it not even accurate. It purported to show the S&P 500 Index versus some index scheme. Like I said not even very accurate. I asked what the product was and I finally got him to say it was an IUL policy, after some coaching from me. I asked what the index used in the policy was and he said it was special because it used the S&P, plus gold, and real estate. I asked again, which exact index are they using for gold or real estate? For gold he said they used the NASDAQ and for real estate the DOW Jones after a bunch of shuffling of papers. For those that don’t know, this is total crap. He then launched into how this policy was only available to FEG. WOW, it really must be special then, right? Just so you know, besides the 4 proprietary UL products I represent, I also have access to over 100 other carriers (including AIG). Most reputable agents or companies have more then 1 policy they can sell. One size does not fit all, or does FEG not train to the licensing test?
He then tries a hail mary with the “Living Benefits” pitch. This is even worse as any policy from term to VUL has this either built in or as a rider. Even the term policy my client current had has this built in at no cost. Also, just go to AIG’s web site and get a copy of the Living Benefits discloser and read it. I wish it was as simple as FEG says on their web site and what they obviously trained this individual to pitch.
I asked to see the illustration and he fumbled and said he had it but not with him. Did he do a illustration and review with the client? Well, no someone in “the office” did one but he had not seen it or whatever.
BTW, when I asked this guy if he was registered with FINRA he said he was not, but…(here it comes), he could go get his “Series 64” anytime he wanted. He really wanted to focus on this business though and could not be bothered. Well, good luck with that because there is no such thing as a “Series 64”, look it up. There was at one time, but not anymore. So I had to ask myself, why is this guy talking about equity, gold, and real estate indexes, as well as comparing FEG’s magic indexed UL policy to the markets when he does not have any real or pretend securities license.
If you are keeping score, in the space of 30 minutes this dude has violated multiple regulations and actual laws, but now for the big one.
I asked how are you going to fund this policy you are proposing to my client. Simple, we cash in the IRA and 529 and she is off to make her fortune!! NAIC has pretty strong language about suitability and twisting. To make it even worse, he had no idea what a 529 plan was. So lets see, out of the small portfolio this client worked hard to accumulate, she would have lost 10% off the top, in penalties, taking the distribution, then she would have had another 10% to 20% withheld for income tax. Then put it into a crappy IUL policy from AIG on the promise of riches, but it now has a long and large surrender charge once she realizes how badly she screwed up. Makes sense to me, not!!
At this point I politely asked the FEG dude to vacate the office and don’t let the door hit you in the ass. My client stayed with me and we discussed next steps. I told her that if this is what she really wants to do and believes in it, then it is her money and she is free to go, but if she stays with the plan we developed together I will be there to help her succeed. After she left, I guess I was more shocked then angry. I just hold my profession to a high standard and refuse to think that there are things like this happening in the business. I still think that this guy was only doing what he was “trained” to do and was demonstrating the FEG culture. He probably didn’t even know how badly he was screwing up. The damage that could result from this kind of practice is really mind boggling. I looked this guy up and apparently he has been with FEG for around 4 years and was some kind of VP. Had a spiffy web site and everything!!
Stay away from “too good be true” opportunities that an organization like FEG, or any other MLM scheme offers. Not all direct marketing or MLM opportunities are bad, some sell pretty good products or services, if that is your thing. But insurance is only as good as the company that stands behind the policy and the distribution channel representing it. I haven’t even touched on what seems to be a major part of FEG’s model of recruitment.
If you want to get into the financial services business there are just too many good and reputable companies and agencies out there. Why mess around in the bush leagues, part time, and get paid nothing to represent one or two sub par products while to try to build a downline? THINK IT THROUGH, DO THE RESEARCH!!
What company do you recommend? I’m am currently looking into selling life insurance. We were actually looking into FEG.
Sir…making the decision to be a part of the best and fastest growing company on the planet would be very wise! Unfortunately, we are putting the little guys out of business as they cannot compete with us. Such as the previous hater!
Yes! Such a wise choice I made to re-embrace FEG!
Perdue,
You would be making a wise decision to join FEG. But FEG is not all about selling life insurance. We are about building business for yourself but not by yourself. Selling life insurance is part of building this great business.
If you are licensed as you say then you should know they have to be approved by the State Board of Insurance, they do business with large reputable companies in a highly regulated industry. You don’t just fly under the radar hoping to last as long as you can until you get busted. They have to provide financial records just like your company to the State Regulators and be approved. They work with big companies unless you think these companies are scams: Fidelity & Guaranty, American National, Life of the Southwest, AIG, Phoenix, American Equity, and National Western Life and others. Sounds like you may feel threatened by them as they are doing some great things and becoming a force in the industry.
As an Regional Vice President i want to say that we are here to Destroy, not compete. The FEG tidal wave is coming, sink or swim, your choice.
Agreed dtonme.
I started my career with Primerica in 1997 and found rather quickly “one size does not fit all” and quickly made my. FEG founders all started with Primerica and just bought the foundation to the IUL so I passed.
I also found after I left, that I could have the 90 to 115% offering the proper coverage that fits the need of the Client so everybody won and I didn’t have to do the recruiting game.
Thank you for this blog. I have to admit that I’ve joined many many multi-level and networking companies in the past and did not have much success. However, I’m very happy to have found Freedom Equity Group. I can truly say that this has been the best network company I have ever ventured with. You are correct, it takes time and hard work and may not be for everyone but with all the right tools given, you can’t fail with This company. In the last year and a half, I’ve been able to achieve much success making over a 6 six figure income and This company has changed my life. The bottom line is, FEG is not a scam; but not a “get rich quick” program either . We are state licensed individuals and must work hard for our Commissions.
dtonme,
Your post at an attempt to sound better than FEG makes me laugh. FEG is an IMO. That’s it. Nothing less, nothing more. I bet you belong to another IMO too. As long as ANY AGENT who is contracted through an IMO, they belong to a MLM structure. I laugh at all these Agents talking like they are so special and that FEG is bad because FEG is a MLM company. I got news for you….The Insurance Industry on the independent side is ALL MLM structure.
Many of you are just too stupid to realize it. If someone is making money off of you, you belong to an MLM structure. The insurance industry is design that way, especially on the Independent side. Chances are you are contracted with another IMO who is overriding every single sales you make and if you didn’t realize that…than you don’t know much about Insurance as you claim.
Let’s talk about AIG, FEG is actually one of the top company that sells AIG product did you know that? They have the ability to contract with ANY companies just like the IMO you are with. Your IMO is no more special than FEG. So tell me, is FEG a scam because they sell AIG. Is AIG a scam? They sell ANICO products, is ANICO a scam? FEG is an IMO. Your IMO is no more special than FEG.
So you telling me if I joined your IMO, I will be more successful than joining FEG, right? WRONG. In the insurance industry, the failure rate is 90% whether you work for MetLife, NY Life, Prudential, FEG, Primerica, JOE BLOW IMO, JANE DOE Insurance Agency, Allstate, Farmers, State Farm…………..It doesn’t matter, 90% WILL FAIL in this industry.
IMO is IMO. People, it doesn’t matter which IMO or insurance company you work for, the failure rate is 90%. Just like the Real Estate Industry, the failure rate is 90%. The failure rate at opening a retail business is also 90%. Being a business owner is not easy, it’s tough, that is why only 10% are successful.
I’ve been in this industry long enough to know not talk crap about other companies because in the end, it’s all the same. No wonder people hate Insurance Agents…Insurance Agents hate among themselves. Trashing eachother.
Hi, if your client did a tranfer to tranfer on her 403b money and not have the money in her hand would she still received penalties\tax income?
Finally, someone getting to the bottom of the facade. Thank you for taking your time to explain this system.
Thank you for all the straight forward information.
Times being what they are we’re finding more and more are seeking to earn a living to match or surpass the the cost of living.
Makes for a great opportunity for all the scammers and cons to jump in, like raving wolves praying on the unsuspecting who are to quick to trust anything they hear.
Much like religion teaching falsehoods, Wolves in sheep’s clothing, just as we were warned would be to pray on the innocents of the hurting seeking relief from the pain.
There is a better way if it’s God you are seeking his ways to learn..
It’s said you can judge by actions of those who claim to be who they say.
Her is a question. Would a God of love want any of his children go to war for their given country to kill another from the opposing one? Of course not, yet there are ministers who wear a crowing cloth who preach differently, do they not!
Attend any church of your choosing, one that suits you best, not one in keeping that teachings only his truth.
Preachers attach themselves to the rulers who reward them best, preaching that their followers vote them in when election time comes around.
Be forewarned if it’s God jehovah you wish to please then you must have your heat touched and your sense of right awakened.
Follow your gut, open your eyes and decide from what is presented is truth or not.
Your heart will lead you, that is if your right within yourself, seeking to serve instead of receiving, seeking to please, then his truth is awaiting you.
Apply this to life itself and you will succeed. jw.org
Doubt that this will get posted, but we will see.
Finally, a well researched and poignant letter. The biggest downside for any agent is having commissions NOT paid directly from the carrier. FEG wants you to join and pay before you get the terms and conditions. Say what? Promises beyond the pale, low payouts, and b.s. training sessions = scam.
Bullsh**…develope first your own a$$…then sell it and reap the rewards!
It’s easier to bash a system that works (because you couldn’t) than to work it.
You’ve both inspired me to share part of my story. I had a “job” once selling advertising, sucked at it. Had a job once selling computer components, sucked at it. Wasn’t because either of the systems didn’t work, I just was conditioned to working for others and didn’t have the faith in myself to work my ass off until I figured it out. I gave up, on myself. Those systems with those organizations STILL WORK. Wish I had stuck it out, but cannot bash them for not providing me with leads, not holding my hand while wiping my ass.
Maybe FEGK and betsy just suck, except at “complaining”, you both do exceptionally well at that… Good luck making your $100K from the sideline, bashing people who have the courage, the moxie, the instinct to succeed at the insurance business, while helping others do the same, no matter which IMO or investment firm they are associated with.
You both probably wish you were Gilles or any other successful leader in the any business, like Gilles. Whether he brought a team from another IMO to FEG or not, he had to have built that loyal team.
What have either of you struck out on your own and built? A large complaint list aside…
My company starts agents off at 70% and once you have a CGI of $25k you are moved to 100% for the remainder of the year. They also provide a lead generation website which I LOVE and the support is FANTASTIC!!
This sounds morelike it. What Company do you work with?
I’m in Texas. What company do you work for?
Not good leads.
Hi , My name is Sunny or Tip for short … Just wonder what company or firm are you working for..? I’m persuing a new career in financial services.
what company is this?
If you want to talk crap about how crappy FEG commission is and yours is better. Well, yours sucks too because I have contracts that I start out at 110%. And if you are good, it’s goes higher.
What is the name of the company you work for?
That sound great. 70% of what? 100% of what? We are doing something to see the return in term of income. I rather start at 30% and making money rather than 70% and make no money. Its not about the percent of your contract but is about building your business and your margin. I have train many agents for the past 10 years and I tell you, nothing beat FEG compensation plan. I challenge you to take a closer look with someone who is with FEG for a while. In FEG, we have 10 ways to get paid.
What company do you work with ?
It’s funny reading all these comments and it’s hard to keep my emotions in place when it comes to people like betsy saying “these people are a joke for real”. And “This is what makes them a SCAM, they EXAGERATE this shit and it’s just pure exploitation of people”.
I joined FEG in May 2015. My trainer joined a year prior to me. I’m gonna be honest with you guys…there’s no leads provided by the company. Why would they? Our Crusade enables us as agents to go out and educate our friends and family. Those are our leads. We start with the people that matter in our lives. From there, when our family and friends are protected with their policies, they see how great and beneficial it is for their sake as well as their family’s sake that they refer their friends and family to you. And the cycle continues. Our crusade deals with protecting the family. We educate first and foremost. We are not out there badgering people to buy our policies. Yes, we do have the best products out there because we have exclusivity from the largest insurance companies in the industry. They provide specific coverage in policies that only FEG can provide. And I’m gonna be open right now to share this with y’all in regards to a couple of comments made on income. Personally, I know very well and work very closely with individuals that have created over $100K. My friend/trainer, the one I mentioned in the beginning of this post, has made $106K in 2015!!! And remember, she joined in April of 2014 with no insurance knowledge or training prior to joining. And that’s on only a part time basis cause she has a “real job” that she just loves but will one day make a decision to walk away and do FEG full time. And just imagine what that would look like! I am on her tail following her example of leadership and compassion and by the end of this year, I will also make my first $100k. And that is the real deal! She, nor I, nor any other agent has been exploited in anyway. We all saw the product, we all saw the opportunity, we all bought the product and shared it with our family and friends and we all are passionate about our crusade! To us, it’s all about the product being able to do what it says it can do….protect you while you’re living….insurance you don’t have to die to use! And that’s what we share because it’s needed by everyone! And the more people we protect, the compensation will follow. I knew absolutely nothing about insurance. After being involved with the training and getting all the support I need, I am able to say I know a little some some about insurance and what a great thing it is for people.
You must be a VP with lies. When was the last time you wrote a policy? Networking marketing tool does not work with investments and insurance. People say 100k all the time at FEG. But really all they make is their small 35% commission after their 3 recruits and hope that their three would recruit more. That way they can sit and just eat percentage off their team. That’s networking and not selling. Oh and on top of that, they never talk about how much you will make or which percent commission you are at. They just keep on talking about… Recruit and see Guillis makes quarter million last year. All BP makes 100k a year. That 100k up talk is lame. Use something else.
I would love to know who you are. You talk commission level all the time. U got your license? 30 percent commission starting up to 93.. even if you were CEO at 93percent I bet you wouldn’t make crap.. 93 percent of zero is zero buddy. Talk is cheap. Any of the leaders are willing to show their paycheck n back office 24.7. We got nothing to hide. Just because you gave up you don’t have to try to bash on people who wants to do something better for themselves. Winners never quit. Stop whining n grow up..
Betsy..yes you and your husband both works..awesome I’m glad you have a job. Trust me it is a different life style. In life we all fight for time n money regardless of what you say.. the difference is you have to be at work Monday to Friday 8 to 4 to get paid. We dont..n yes in business you do invest money to travel out of your own pocket. I’ll do that anytime..that’s why there’s business write offs. Don’t be mad you were invited to a event where you saw people who you thought lower of making way more than you..that’s pretty sad..at least they have dreams n not just dreams but their doing it. Goodluck
Having spent 35 years in the financial services industry and starting out with a major NY life insurance company, you remind me of the typical wide eyed recruit. Frankly, much like I was. The problem with FEG is they are selling you and others like you, not on making a great living selling the product, which can be done, but making tons of money from the marketing scheme. Their program IS NOT NEW…..in any way!! Neither are the products they tout as new or novel. I first heard the FEG pitch back in the 1970’s. It was presented at that time by a company called A.L. Williams. What was wrong with A.L.Williams and FEG is that both programs promote the recruitment of new life insurance sales people. They are recruiting people into a business that statistically results in 1 out of 10 new licensees surviving 3 years. Look it up!. Further, of those people selling life insurance today, their average annual income is approximately $40,000. Finally, they motivate the new people to go out and first approach friends, family, and other acquaintances to share their “fantastic new concept”. This is exactly the method used by the major life insurance company with which I was first associated. It was a winning proposition for the life insurance company and a winning proposition for FEG and A.L.Williams. But not necessarily a winner for the new agent. After going through their initial “contacts” reality sets in. This is what separates those that make it from those that drop out. This is the point where the agent now has to “prospect”. Prospecting for potential clients is 90% of the business. It is also the hardest part of the business and is what accounts for the high fallout rate among new agents. Like A.L.Williams, FEG does not bring up in their recruiting presentation the failure rate, the prospecting problem, or the reality that most licensed insurance agents make very modest incomes. If you have the ability to prospect for new potential clients, FEG has nothing of value too offer. You do not need them!!
If you spent 35 years in the financial service industry, why didn’t you know that all IMO are structured MLM, not just FEG and AL Williams, now known as Primerica? If you have an upline (the IMO), you belong in a MLM. Unless an agent is directly appointed by the insurance company, chances are they are with an IMO. ALL IMO are structured MLM.
SBROKER,
Let’s not pretend that NY Life, Prudential, Metlife, and other insurance companies are more special than FEG. The failure rate at NY Life is just as high as FEG. The failure rate at Prudential is just as high. The Financial Service/Insurance industry as a WHOLE have a 90% FAIL RATE.
Let’s not crap on FEG Agents income. When I was at Prudential and we had a corporate meeting in San Francisco office. Many Prudential Agents across California office showed up. We all went around the office telling our income. The average income was $25,000-$35,000 a year. We had two older Agents making more than $60,000 a year. We had 1 Agent over $80,000. A company like Prudential, yet their Agents weren’t making a killing either.
Sales is Sales. Insurance is Insurance. The failure rate in the Insurance industry is still 90%, no matter where you go.
Don’t even talk to me about recruiting. All insurance company and IMO does it. Let’s not pretend NY Life never recruited an Agent before and only FEG and AL Williams does it. When you were with NY Life, they DIDN’T GIVE you the option. They let the managers do it. Sucks for you. The company gets to build a large agency but you can’t. That’s stupid. The company can build a large organization and make a lot of money but you the agent can’t. How does that even make sense?
Let’s not pretend that all the issues you bring up are are just related to FEG and AL Williams only. It is an issue regardless where you go. It is an issue for EVERY SINGLE INSURANCE AGENTS whether it is FEG or NY Life.
Are you telling me that NY Life doesn’t asks their new agents to sell to their friends and family? YES THEY DO! I know. NY Life contacted me and told me so when they were trying to recruit me. Prudential made me list 200 friends and family. Farmers, State Farmer, Metlife, Joe Blow down the street also tells me to sell to my friends and family. The issues of finding new client is for ALL Financial Industry issues, not just MLM companies.
Amen. Amen. I concur SBROKER. Recruiting is the message just as it was with A.L.Williams. Also replacing established funded vehicles for “something new” is dangerous for the client’s financial health.
Then there is Prospecting for new clients that are not part of your “natural market” (friends,family, associates” is hard hard work. Unless agents are willing to approach people they don’t know, ultimately they leave the career.
What hasn’t been mentioned yet is the potential damage to the relationships with family and friends when it becomes obvious that most of the benefits are less than expected.
Oh yeah, one more thing…. these husband and wife teams don’t make any sense to me. The couple friend of ours CLAIM that a husband and wife team can earn 100K in one year, but they don’t tell you that there’s a LOT of out of pocket costs and travel expenses involved. At the end of the year, techincally, the husband and wife are actually making LESS than what they would have made if they each had regular full time jobs. I mean, my husband and i both work 8-4 jobs and do no sales and no recruiting. we work consistent monday to friday schedueles and have a much better lifestyle than we ever would slaving to sell and recruit just to make the same amount of money per year. This is what makes them a SCAM, they EXAGERATE this shit and it’s just pure exploitation of people.
Agreed, Betsy. It’s the deceptive portion that tips the scale toward “scam” in my book.
Hi Betsy! It’s me again. I guess you and your husband would like to work for your bosses (aside from self-employment). Don’t know what your jobs are; both of you work hard at your 8-4 jobs so that your bosses get all the credit. If so, is that fair to you? If it is, then more power to both of you. But the reality is, you’re probably slaves to an alarm clock. Looks like both of you have routine schedules. Don’t know how long you’ve worked at your jobs. Seems like it’s the usual. If you’re doing it year in and year out, that’s insanity!! I don’t know what your definition of lifestyle means. Does it mean waking up when the sun shines on your face? Does it mean not having to worry when your next paycheck is coming? If you have children, does it mean sending them to the best schools possible, or sending them based on your budget (in most cases)? Does it mean taking a trip on the spur of the moment and not think about the cost of that trip? Lifestyle could be anything. It’s what you make of it. One can do good things with money. And it sure helps. It’s the attitude about money that can get you in trouble. Check out FEG. If you are teachable, you can be successful. If you are teachable and teach can teach others to be successful, then you are a leader.
OMG people, run away from these agents. I was invited by an old friend to attend a conference or pow-wow event in hopes of gaining real training and learning something about FEG. The people on stage seemed like a bunch of uneducated noobs screaming random stuff into the microphone and everyone would cheer for them. Seriously, not one speech contained actual “meat n potatoes” , it was all just like, we’re going to recruit the world”, “we’re going to win”, “we’re going to conquer the world”…. the same rhetoric over and over and over and people would scream and cheer. it was seriously the weirdest event I have ever attended. Just a bunch of desperate people lying about how much they make and PREYING ON those who don’t know any better, and EXPLOITATION. The one dude who’s name is Gilles Moua exploits his own southeast asian people by talking bull shit rhetoric. Karma will get him and his kids very soon. Ask these people any hard question about investments and policies and they will answer with the same rhetoric, “We’ll help you grow your dreams, you’ll reach your dreams… blah blah blah”. Just go directly to the professionals who can give you real advise and responses. These people are a joke for real.
Amen!
You talk like you know gilles moua and his kids personally? Karma is a bitch yes..stop running your mouth when you are nnothing.as long as ive know them and feg everyone is loving and caring. Most humble leaders in FEG! So if you dont know them personally dont run your mouth.FEG is here to stay regardless if you like. We are here to take the industry with or without you. FEG HAS WORLD CLASS LEADERS AND WORLD CLASS COMPANY’S WORKING TOGETHER. HISTORY WILL BE MADE REGARDLESS IF YOUR PART OF IT OR THE REST.
Whatever!! Cheating your family and friends. After them , who will invite you to their Place?
Their friends’ friends .
Betsy, are you for real? Have you ever dreamed being on stage and get rewarded for your efforts? Maybe you vent because you never experienced it. Do you know what it’s like to dream again? Apparently you don’t know the whole story. Ask yourself, why do you do what you do? What motivates you? Have you made $100k of income in your life time? Better yet, have you made $100k in a year? How many average people you know in our world today, in your circle of influence, can make that claim? Apparently these bunch of uneducated noobs as you call them got rewarded for their successes. Now I don’t know these individuals personally, and I don’t know if their education is higher than yours or not; and even if it’s not, what does THAT tell you about them? I’m not knocking down education, because education has its purposes. Now, do you really think they are desperate? Do you think they would lie about what they have earned? Do you really think there is exploitation here? Are you offended that Southeast Asian people are just as hardworking and motivated as you are? Do you really think this is bullshit? If I were you, take the time to check it out. You’ll me amazed. Check out their stories. Maybe you’ll find a hidden gem you like that may enhance your success or career. Mr. Gilles Moua is a dreamer and works hard and cares for people. He is a great leader and motivator. These people are not a joke.
Betsy, are you for real? Have you ever dreamed being on stage and get rewarded for your efforts? Maybe you vent because you never experienced it. Do you know what it’s like to dream again? Apparently you don’t know the whole story. Ask yourself, why do you do what you do? What motivates you? Have you made $100k of income in your life time? Better yet, have you made $100k in a year? How many average people you know in our world today, in your circle of influence, can make that claim? Apparently these bunch of uneducated noobs as you call them got rewarded for their successes. Now I don’t know these individuals personally, and I don’t know if their education is higher than yours or not; and even if it’s not, what does THAT tell you about them? I’m not knocking down education, because education has its purposes. Now, do you really think they are desperate? Do you think they would lie about what they have earned? Do you really think there is exploitation here? Are you offended that Southeast Asian people are just as hardworking and motivated as you are? Do you really think this is bullshit? If I were you, take the time to check it out. You’ll me amazed. Check out their stories. Maybe you’ll find a hidden gem you like that may enhance your success or career. Mr. Gilles Moua is a dreamer and works hard and cares for people. He is a great leader and motivator. These people are not a joke.
I am currently in limbo about joining FEG, I understand the concept and what to expect from the insurance business. It will be a no pain no gain experience and I would like some input on how to tackle sales or if anyone can just shine a light on experience stories they have had or what to expect.
Leave and don’t join. Start up commission is only 30%. Your uplink is getting all your commission. In order for you to get a higher commission, their system needs you to recruit 3 members for your team. Lame I know. Selling takes people skills. Just go by that. If you can read how they respond to what you are selling them go for it. Objections are learning curves. Remember, there are bigger investment groups and insurance groups out there that people feel more secured with. So approach with your best product always.
Hello, my company started me off at 70% and once I hit $25,000 in commissions, I was moved to 100% for the remainder of the year.
What company are you with?
What is the name of your company that started you with 70%?
Lashon-
Could you please share more about your profession and the company you work for.
Thanks!
What company do you work for?
funny thing is, I’m FEG agent, and i have zero recruits under me and I’m at a 70% commission.. So saying you have to go out, and recruit a bunch of people is ridiculous. I was bumped up in commission due to my performance, not my recruits. Life lesson : if you don’t know what you’re talking about, its better to just shut your mouth.
If you join FEG because all you can think about is money, money, money then dont, we here in FEG dont need negative people like you. FEG is looking for people who are willing to go the 120% NOT 100% not 90% not even 50% to change their life completely. Just ask yourself this, how is it that Gilles Moua and Mai lee able to command an ARMY, not team, “ARMY”. If Gilles Jumps off a bridge no Doubt his people will Jump with him. Until an ARMY of people follow you off a bridge, dont defamation FEG please.
If you want to make the big money… Get your own agency.
I am a licensed agent with FEG and LOVE LOVE LOVE the company, the people, and our revamped recruiting and training system. When I joined last year we had the online trainings, but were left to fend for ourselves some. HOWEVER, 2015 has changed the landscape for FEG.
When a new recruit joins the team, we encourage them to share the message of living benefits (the main crusade we want our families and friends to know about – and if you don’t and are a licensed agent, you should), and while the new recruit is making contacts and building their team, their training sponsor (usually a VP or above) is assigned to them to do actual sales presentations as On the Job Training. This allows the new agent to have one on one training from a seasoned agent, while building a team under them, and studying for their license. (BTW – we offer education and licensing training reimbursement if you follow the system.)
There is nothing mumbo jumbo about the founders or the model. The CEO of AIG (the largest insurance carrier in the world) chose to hold his retirement dinner at an FEG event because he was impressed with the vision and the direction that FEG is taking. ANICO has created a concierge service for our agents to get answers quickly – first concierge for an IMO EVER!
It is not easy to get started, but like any sales and commission job, you have to build your business. And if you have been in business, related or not, you leverage your network. Sales 101 there.
The fact that we have the best products in the market (and I challenge you to really look at your carriers and products) and offer the best compensation program out there, with the training and support from our upline, makes it a no-brainer as compared to when I have looked at other IMOs.
If you are new, there is a system to train you and teach you everything you need or want to know – from online to personal coaching. If you are seasoned, you have a built-in supply of leads because you will WANT to share this with everyone, and out of that will be SOME that have the courage to dive in. If you want passive income – get licensed and refer people to your upline and still make 30% of the commission.
I have seen and read a lot about FEG before placing my license and I am confident and successful in my business with the FEG team behind me.
Thanks for posting and best of luck to you. We invite you to check back in at year’s end to give an update on your progress with FEG.
Why only start with 30% when you can start with 45%. You can make and surpass your VP. I was at FEG. If your VP don’t climb up, there is no way you can from under him or her. Recruiting and get your three recruits first before you can sell is bull. Oh and when the uplink takes a photo copy of your leads with his phone is shady. Claiming if you leave I can use your leads is just dumb. What a new recruit does at FEG is try to sell to your family members first and then friends. Once you exhaust all your family members and friends with your dream of becoming one the best at FEG, you end up the same. Oh and for BOP nights, stop talking about your accomplishments and really show your members to sell your products and only shine them in recruiting. Yeah, you may recruit all you want but when your team don’t make a sale, you get no percentage off them. You end up selling yourself to make it. Why waste time recruiting. Follow the system… Did Giellus use that system… No he didn’t. He came from FFS and brought his loyal people with him. He did not really start from scratch. I heard he only wrote 20 policies. Some leader. If you did not sell over 100 policies, don’t go around claiming you are a leader. Yes you have a huge house and yes you took lots of trips paid by the company. But, when was your policy you wrote. That system of recruiting first before making a sale is bullshit. People in FEG waste too much time recruiting and forgot that in order for them to make it, they have to sell the products. You can’t chase the big commission percent only by recruiting. You have to put in work. They may say they have AIG with them, Fidelity with them and a network across the country. Sorry but FEG is a waste of time. You will never gain and become a VP unless your VP gets promoted. Why wait until your leader become top dog before you can. I thought the sky is the limit here.
I’ve never heard if your vp doesn’t get promoted you will never either?? I’ve been with FEG since the empire switched over and it’s been amazing.leadership is world class. The system is there all you need to do is drop your ego and run the system. Yes follow the system, many people come in here thinking sell.sell.sell. that’s when you forget to build. We are here to build a business not to be a sales agent. Picture this…I recruit and have 50 licensed do 1 policy a month including myself versus youself..just 1..you know why gilles writes zero policy..he is the grandmaster for a reason..you are who you walk with…recruit team will come.team comes leader will come, leaders come wealth will come..follow the system This is a people business..FEG is here regardless of what people say. We are here to stay..if you can’t beat us join us or get out the way!
Yeah FEGK or whoever you are.
FEG is not for failure attitude like you. I don’t if you ever been in any network marketing, but you surely are very smart that’s why you are still where you are. I just wanted to know if you know any company that would start out at 45%? I know a guy in WFG since 2011 and he is currently at 45%. If you think the level of the percentage make the difference if you are not doing anything at all? Or you probably have seen or heard about some company that would start out at 45% of 80%. I would rather start with 30% of 112% do the math oh if you don’t know how, my 8 years old son can help you. Yes everybody start out at 30% as trainees, but within a month or so by the time he or she get their license and get done with the training. Now the trainer will reinburtment the trainees from their training points. This is where most people fail, when they are refuse to follow the system, because most of them went straight to get license but have no knowledge. When you followed the system, no matter what you earn while you learn. Now he or she gain the knowledge and they are already at 50% or higher. That why there are so many people that just joined FEG for only short period of time, most them already making very good money. Every week FEG would posting new 100k earners. The reason why this people make it, is because they followed the system and because they followed the right leadership. Gilles Moua and the right company.
Great play Cal. I see what you did there. Just another MLM. Any professional would know better than to limit their professionalism by using the gamer term noob. Must be nice to a real man with real balls living under mommy amd daddy’s roof.
Cal, the problem with your intellectual freshly licensed lookin’ a$$ is that the person who recruited YOU is a complete dumb f***. Why do I say that? because the real leaders will help you succeed in your business. I just started in this MLM industry for about 2 months, completed all the required steps to become a district manager, and I see big fat checks of $1.5k+ for some easy a$$ work. Less than 10 hours per week. Now tell me if you can make that much money in a week for working less than 10 hours? It seems like your McDonald’s/Burger King/Hardees/Subway/Walmart cashier skills did not work accordingly to this MLM business. It also seems like you are in your early 20’s. Im only 18 and succeed five times more than what you have succeeded in writing those sh***y fake a$$ insurance dealing skills. Ill see you within 5 years at your McDonald’s/Burger King/Hardees/Subway/Walmart next to your cashier mostly you will never get. Get out of your fat a$$ and get some GREEDY people. My message to everyone that is joining into Freedom Equity Group is that follow the system, go to all the meetings as much as possible, and talk to your CEO.
Best Regards
#Watshannin
The Insurance industry have a 90% failure rate. It is a tough, tough gig no matter who you signed up with. I don’t care if it’s FEG, WFG, FFS, VFG,State Farm, New York Life, Farmers, Allstate, Prudential, Metlife, Joe Blow Insurnace Agency, whatever…..the list goes on.
90% failure rate in the insurance industry. It’s where the real adults come to play. Many, many, many companies do not and will not offer you leads. You are to fend for yourself when it comes to finding clients. And if there are leads, there is a catch.
If you come into the industry, do your research. Don’t listen to the person recruiting you (whoever they are) telling you that you can make lots of money. Yes, you can make lots of money if you are the 10% that makes it. The other 90%, stay at your job clocking in 9-5. You don’t have what it takes to make it.
FEG may not be a scam but not for lack of trying. Yes, once you get licensed (at your own expense) you are allowed to sell policies underwritten by a legitimate insurance company but there is no support for leads, all big talk about top earners but they have been in the insurance business for 20+ years and are owners and founders of FEG. A new agent trying to get started has high hopes that quickly fade to nothing because there is no support or lead source of any value. They make money by using a multi-marketing sign up scheme as well as selling their website to new agents and sell every agent a policy of which they get most of the commission. It is a multi-level where they claim after you sell five policies (the guy above you gets most all the commission on those five) you get to earn more commission by recruiting. I nearly ruined everything by assuming once licensed I would be in a legitimate job, albeit commission, but still with the opportunity for leads and sales. PLEASE! CAUTION!
KeepOn,
Welcome to the world of Independent contracting! You sound like a noob who just got your licensed.
You don’t know anything about independent contracting. Many, many sales organizations are structure multilevel in the independent side of the insurance industry.
Every IMO/FMO have upline/multilevel structure. They recruit and build their agency all the time. Multilevel pay is NOTHING new in the insurance industry. If you didn’t know that. It’s telling.
Good luck with leads in the insurance industry. Most of the time, you must fend for yourself. You eat what you kill. I use to work for Prudential, yeah, do you know what my leads was? My family and the phone book. So is Prudential a scam too?
Tired of all these stupid Noobs coming into the insurance industry and have no idea what to expect and then complain about it. DO YOUR RESEARCH ABOUT INSURANCE before getting license.
The insurance industry is not for CRY BABIES. It’s for real MEN with real BALLS. This is where the big boys play. If you can’t, get out of the way. The insurance industry have a 90% failure rate. Children, especially babies not need to apply.
Nice one what does one expect I mean may as well be holding your hand out and waiting in the supper line if you can’t go out and get some leads , heck I have so many I am going to share mine makes for a stronger company WHAT A CONCEPT !!!” I will be like 200 years old by the time I get through on my own ! Go to the grocery store much hair salon gym car wash gee I wonder how many leads one can get shopping … Let me see !!!! Get the picture if the product is great then sell it . All I got !
Thank you for that literate and insightful response.
You sound heartless and thoughtless and who would want to be your team. Sell, sell away and with your attitude you will get many many cancellations.
Cal, you are absolutely correct. Thank you for keeping real.
Well said! People that are serious about making money, can make a lot of money in the Insurance Industry. For someone looking to be fed all the time, better to just get a 9-5 job. Independent Contracting is all about developing your own business and get paid well. In fact this is the only industry I know that carriers (insurance companies) practically throw bonuses and incentives at you when you do well. Rewards are great, but must have the discipline to work the business.
Thx! I’ll take your word for it, based upon my own 23 years in the insurance industry. You’ve saved me a lot of wasted time–again.
Choose your team and manager wisely before deciding if you want to play.