Family First Life Insurance: Pyramid Scheme Or Legit Business?

Family First Life is a multi-level marketing (MLM) life insurance company that has sparked debate about whether it is a pyramid scheme. While it is not technically a pyramid scheme, it does have MLM elements, such as a focus on recruiting new agents and a compensation structure that rewards agents for each additional client. The company has been accused of making misleading earnings claims and has been the subject of lawsuits. Family First Life agents must buy leads, and there are concerns about the quality of these leads and the high rate of chargebacks. The company provides insurance policies from various providers and offers high commission rates, but there is a lack of training and support for agents.

Family First Life is a Multi-Level Marketing (MLM) company

Family First Life does not sell its own insurance policies but acts as an intermediate broker, partnering with top insurance companies in the USA. Some of the companies it works with include Americo, Mutual of Omaha, American Amicable, AIG, and Aetna. FFL uses independent agents to sell these companies' insurance policies and provides a percentage-based income and bonuses on the premium amounts.

The company has a Multi-Level Marketing structure, with agents operating their own lead system and building their team. Agents are required to pay for leads, which can be expensive and are often recycled and sold to multiple agents. There is also a focus on recruitment, with agents encouraged to operate their own agency and hire more agents, who will then work underneath them. The more agents someone has in their agency, the more commission they earn.

Family First Life has been accused of being a scam and a pyramid scheme by former employees and people online. However, it is not a pyramid scheme, as there is more than one source of income. Agents are paid a percentage of the insurance policy's annual premium amount, as well as renewal bonuses. However, there are some concerns about the company's business practices, with former employees citing issues such as sub-par and recycled leads, a lack of support, and frequent chargebacks.

Family First Life agents have to buy leads

Family First Life (FFL) is a Multi-Level Marketing (MLM) life insurance company that has been accused of operating as a pyramid scheme. While FFL is not technically a pyramid scheme, as agents can make money by selling insurance policies and not just by recruiting new agents, there are still some concerns about the company's business practices.

One of the main concerns is that FFL agents are required to buy leads from the company. Leads can be expensive, ranging from $300 to $500 per week, and there is no guarantee that these leads will result in sales. In fact, some former agents have complained that the leads provided by FFL were of poor quality and had been recycled and sold to multiple agents. This has caused some agents to go broke trying to buy leads, which has naturally led to concerns that FFL is more interested in profiting from lead sales to its agents than from insurance sales to customers.

In addition, FFL has been accused of providing little to no support to its agents, beyond some basic training. Agents are expected to work independently and are responsible for all their own marketing and sales activities. This has led some to accuse FFL of being more interested in profiting from agent recruitment than in helping them to succeed.

While FFL does offer the potential for high earnings, it is important to note that this is a commission-only sales role, and there is no base salary. As such, agents must be prepared to invest significant time and money upfront, with no guarantee of a return. This has led some to describe FFL as a "churn and burn" agency that profits from recruiting new agents, rather than from selling insurance policies.

Family First Life is not a pyramid scheme

Family First Life is a life insurance company that offers mortgage protection products, universal life policies, final expense life insurance, and retirement protection. It is also an Insurance Marketing Organization (IMO), which means that it does not offer its own life insurance policies but instead partners with top insurance carriers to provide multiple options to its clients.

Family First Life has a Multi-Level Marketing structure, where agents are urged to operate their own lead system and build their team. However, this is not the only source of income for agents, and it is not mandatory to recruit new members. Agents can stick to selling insurance and, if someone they know wants to join, that is beneficial but not necessary.

Family First Life is free to join, and there is no contract, so agents can leave whenever they want. However, agents do need to be licensed to sell insurance, which requires taking exams that can cost around $200 or more. Agents also have to pay for leads, which can be expensive and are not guaranteed sales.

While Family First Life is not a pyramid scheme, it does have some negative reviews. Some former employees have complained about the high cost of leads, lack of support, and issues with chargebacks. There are also concerns about the company's heavy focus on recruitment and the potential for agents to lose money.

Family First Life is an Insurance Marketing Organisation (IMO)

The company was founded by Shawn Meaike, who is currently its president. Meaike founded FFL to improve people's lives by protecting their families. The company offers insurance plans to help provide families with stability and security, including mortgage protection life insurance, final expense life insurance, indexed universal life insurance, and fixed index annuities.

Family First Life is a Multi-Level Marketing (MLM) insurance company. This means that it urges agents to operate their lead system and build their team, with the promise of higher income through recruitment. While FFL is not technically a pyramid scheme, it does have elements of an MLM, and its structure may not be for everyone.

As an IMO, FFL hires independent agents to sell the insurance policies of different companies. Agents are provided with a wide range of partner carriers and various terms to choose from when selling to clients. FFL claims to pay agents better than other companies, but there is a cost to this: agents have to pay for leads, and these leads are often resold and of poor quality.

There are no physical products for retail sales; instead, agents sell the insurance policies of different companies and receive a percentage of the premium amounts. Agents can also earn bonuses for each additional client and rewards for plan fulfilment. FFL has a complex compensation plan with various ranks and bonus structures, which can be confusing.

In conclusion, Family First Life is an IMO that offers a legitimate business opportunity for independent agents. However, it is important to note that success is not guaranteed, and there are costs and complexities involved in the MLM structure that agents should be aware of before joining.

Family First Life has been sued by former employees

Family First Life has been sued multiple times by former employees. A former VP named Greg Birch is leading a class-action lawsuit against the company for lead fraud. The company is also facing a Business Opportunity Sales Law lawsuit filed by Christopher Coyle of Oklahoma. Coyle's lawsuit is a blueprint for victims and attorneys across the USA.

In addition to these lawsuits, there are several negative reviews of the company by former employees online. One former employee warned others not to waste their time with the company, stating that they had to "buy [their] leads" which were "garbage". Another former employee claimed that there was "no support" and that "the leads are garbage". A third former employee stated that the company was "sketchy" and that the training was "mediocre".

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