Is Family First Life an MLM or a Pyramid Scheme?
Welcome to my Family First Life Reviews.
So you just found out about family first life, and you were wondering: Is family first life an MLM? or is family first life an illegal pyramid scheme?
Well, here’s your answer
Is family first life an MLM? Yes. Family First Life is an MLM They are insurance firm that operates according to the Multilevel Marketing (MLM) business model. Like other MLM life insurance organizations, Family First Life encourages its agents to use their lead system and develop their teams.
Is Family First Life a Pyramid?
Is family first life a pyramid? Family First Life is not a pyramid scheme, to be precise. Although recruitment will account for most of your revenue in Family First Life, this is not your sole source of money.
It is not a pyramid scam as a result. Nonetheless, Family First Life must raise some red flags, similar to most MLMs prioritizing recruiting new agents and customers.
Family First Life is a legit company. Family First Life offers mortgage protection products and MLM opportunities as a legitimate insurance provider. Family First Life had over 17,000 licensed agents in all of the United States in 2020 and has only been expanding. Family First Life is also given an A+ rating and accredited by the Better Business Bureau (B.B.B.).
Who Owns Family First Life?
Shawn Meaike founded the insurance marketing organization (I.M.O.) known as Family First Life in 2013. Integrity Marketing Group purchased Family First Life in October 2019. Shawn Meaike continues to lead Family First Life as president and C.E.O. even after the transaction. He is the company’s founder and president.
He enabled them to grow and integrate their business into one of the top insurance businesses in the country, together with the knowledgeable agents from his organization. Family First Life’s headquarters address is located at 80 Norwich-New London Turnpike, Uncasville, CT 06382, U.S.A.
Keep reading for more information on family first life
What Is Family First Life?
Family First Life is a life insurance company that targets American homeowners with mortgage protection products. It also provides retirement protection, ultimate expense life insurance, and universal life plans.
As an insurance marketing organization, Family First Life does not sell life insurance policies. Instead, it collaborates with leading insurance companies to offer its consumers a variety of life insurance solutions.
Family First Life’s goal is to put the families of their agents and the families they protect first. When it comes to their clients and agents, all at Family First will do all in their power to win their trust and loyalty.
Their expertise includes life insurance for mortgage protection, final expense insurance, retirement planning with universal life insurance, and retirement security with fixed index annuities. They collaborated with several A-rated insurance providers to meet all of the client’s demands.
Check B.B.B. Better Business Bureau on family first life
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Family first life reviews
Trustpilot Reviews on family first life
- “Outstanding client service”
- “They are awesome to talk to and purchase life insurance from! They know.”
Family first life Facebook Page
Family First Life Facebook Page
Family First Life Youtube
From Family First Life Youtube –
“At Family First Life, our goal is to put the families of our agents and the families we protect first. When it comes to our clients and agents, every one of us at Family First will do all in our power to win their trust and loyalty. Our expertise includes life insurance for mortgage protection, final expense insurance, retirement planning with universal life insurance, and retirement security with fixed index annuities.”
Kindly visit Family First Life Youtube to follow up on their updates and videos.
What Does Family First Life Sell?
Whole and universal life insurance plans are offered for sale by Family First Life, along with mortgage insurance, final expense, annuities, and Medicare supplementals. Talk to one of their insurance agents if you want to buy a policy.
History of Family First Life
Shawn Meaike founded the insurance marketing organization (I.M.O.) known as Family First Life in 2013. Integrity Marketing Group purchased Family First Life in October 2019.
Shawn Meaike continues to lead Family First Life as president and C.E.O. even after the transaction. The location of their home office is Uncasville, Connecticut. They have thousands of certified agencies and more than 133 affiliate offices dispersed across the country as of 2022.
All FFL sales representatives are independent contractors who, technically, do not work for Family First Life but rather for themselves. Over 30 groups receive donations from Family First Life. According to their website, they have given more than $1,000,000 to numerous charities, including Make a Wish and DreamCenter.
More on the History Of Family First Life https://choicemutual.com/family-first-life/
Family First Life Story
Family First Life is one of the most prominent insurance marketing organizations (I.M.O.s) in the U.S., specializing in the life insurance and annuity sectors. With a constant focus on offering top-notch service to more than 17,000 agents across the nation, Shawn Meaike and his leadership group have entirely changed the life insurance market.
While assisting more than 80,000 Americans annually with their needs for life insurance and annuities, Family First Life will generate over $250 million of annualized paid premiums in the markets for pensions, final expense, and mortgage protection this year.
Since the company’s inception in 2014, Family First Life has only had one mission statement in mind: “We put both the families of our clients and the families of our agents first,” says founder and president Meaike.
Family First Life’s top representatives are incredibly kind and humble. They are passionate about learning more about their industry. FFL gives all aspiring agents the most effective training possible to ensure their success and enable them to lead the life they have always desired. These courses are always offered without charge and are led by professionals with relevant backgrounds.
Their processes and procedures are entirely open. These agents put in a lot of effort and work hard every day to get better at their jobs, which helps their organization succeed. According to Shawn Meaike, the business only serves as a tool for these agents. They put in the arduous effort, are devoted, and provide the outcomes. Learn more
Family First Life Statistics
Some of Family First Life Statistics:
- The current expected yearly income for Family First Life is $1.8 billion.
- The expected revenue per employee at Family First Life is $294,000.
- There are 6073 employees at Family First Life.
- Family First Life increased its workforce by 92% in 2017.
Family First Life Products
Family First Life has agreements with other insurance firms, which allows them to offer a wide range of products.
However, they concentrate on the four primary categories of insurance.
- Final expense insurance
Final expense life insurance, also known as burial or funeral insurance, is a modest whole-life policy. You can only purchase enough coverage to cover the costs of cremation or burial due to the minimal coverage options, typically $2,000–$50,000.
The final result of the policy is a cash payment made to your loved ones because burial insurance is life insurance (see life insurance vs. burial insurance). They are free to use the money in any way they want.
- Mortgage protection
A term life insurance policy is mortgage protection in marketing jargon. Your family and friends will be able to pay the outstanding mortgage balance. When you’re still covered by insurance, you pass away because it will pay out in such a case
- Indexed universal life
Indexed universal life, a kind of permanent life insurance, is frequently utilized as an addition to retirement income. Every time you make a payment, the money in the cash value account increases. Additionally, it receives interest determined by the insurance company’s stock market index. You have complete discretion over when to withdraw and use the money.
- Fixed index annuities
A fixed index annuity provides unwavering assurances that your principal won’t ever drop. Since the capital is completely safeguarded, the upside gains are diminished. A fixed-income annuity offers a safe place to save your money for retirement for those who are risk-averse.
Family First Life Compensation Plan
Family First Life gives a competitive compensation pay plan. Our comp plan’s cap is 145%, which is much higher than the industry standard. We think producers should be able to profit as much as they can from their work.
Learn more about Family First Life Compensation Plan
Family First Life List of Ranks and Bonuses
The two types of ranks offered by FFL are manager-level and producer-level.
Manager Level Ranks
The I.P. of the entire structure, including all downline members, is included in these ranks. Maintaining a minimal I.P. from legs other than the most decisive leg is required.
Ranks under manager level ranks:
- Sales Manager- $50,000
- Senior Sales Manager- $1,00,000
- Vice President – $1,50,000
- Senior Vice President – $3,00,000
- Executive Vice President- $5,00,000
- Board Member- $1,000,000
- Senior Board Member – $2,000,000
- Executive Board Member- $3,000,000
- Council Member- $4,000,000
- Senior Council Member- $5,000,000
- Executive Council Member- $6,000,000
- Chairman Council Member- 7,000,000
Producer Level Ranks
These ranks consider the agents’ I.P. or the top upline employee. Issue Pay of every agent is referred to as I.P.
Ranks under producer level rank:
- Bronze – $10,000
- Silver- $15,000
- Gold- $20,000
- Platinum- $30,000
- Diamond- $40,000
- Sapphire- $50,000
- Ruby- $75,000
- Emerald- $1,00,00
Learn more on Family First Life List of Ranks and Bonuses
Family First Life Events and Training
Find out when FAMILY FIRST LIFE FFL will be in your area, and join us for a B.D.M. or sales conference immediately! FAMILY FIRST LIFE FFL IS IN OVER 100 CITIES EVERY WEEK. To locate an event nearby, use an interactive map.
Navigate to Family First Life Events and Training to garner more information on the event’s location and training.
FAQS
Is family first life a pyramid scheme
Family First Life is not a pyramid scheme, to be precise. Although recruitment will account for most of your revenue in Family First Life, this is not your sole source of money. As a result, it isn’t a pyramid scam.
Is family first life a good company
Yes, it is. Based on more than 1,815 employee ratings, First Life has received an overall rating of 4.2 out of 5.
Is family first life real?
Yes. Shawn Meaike established Family First Life, an insurance brokerage with its main office in Uncasville, Connecticut. The business operates as an MLM. Therefore, it places a lot more emphasis on selecting and preparing independent sales representatives to market life insurance products offered by its carrier partners.
Is family first life insurance legit?
Yes. Family First Life is a reputable insurance company with a license and the right to offer insurance all throughout the country. The state properly licenses each salesperson to sell insurance.
Where is the family first life located?
The head office of Family First Life is in Uncasville, Connecticut. The company is a multi-level marketing enterprise that employs independent agents to promote insurance products from its carrier partners.
What is family first life phone number?
Call Family First Life at 860-317-1324 if you have any concerns or inquiries. From 8 a.m. to 4 p.m. E.S.T., customer service is available Monday through Friday. Despite not having an online chat feature, the business does provide an email address and a contact form.
What does family first life sell?
Whole and universal life insurance plans are offered for sale by Family First Life, along with mortgage insurance, final expense, annuities, and Medicare supplementals. Talk to one of their insurance agents if you want to buy a policy.
What does family first life do?
To sell the policies its carrier partners provide, the company engages in multi-level marketing and employs independent agents. Whole and universal life insurance, mortgage insurance, final expense insurance, annuities, and Medicare supplements are all offered for sale by Family First Life.
What do family first life agents do?
The business engages in a multi-level marketing (MLM). Therefore, it places a lot more emphasis on selecting and preparing independent agents to market life insurance products its carrier partners offer. For example, the life insurance agent gives clients advice, acts as a liaison between the client and the insurance provider, and sells life insurance policies that pay out when the life-insured person passes away.
How much is family first life worth
At this time, Family First Life’s yearly income is anticipated to be $1.8 billion. Family First Life expects to earn $294,000 per employee.
How big is a family’s first life
Based on more than 1,815 anonymous employee reviews, Family First Life has received an overall rating of 4.2 out of 5. Their expertise includes life insurance for mortgage protection, final expense insurance, retirement planning with universal life insurance, and retirement security with fixed index annuities. They collaborated with several A-rated insurance providers to meet all of the client’s demands. There are several insurance options available. The business contributes to numerous good causes. They collaborate with a variety of reliable and stable insurance carriers.
How does Family First Life Make Money?
The business model relies on independent agents to sell insurance policies provided by the company’s carrier partners. Family First Life sells a variety of life insurance policies, including universal life and whole life policies, as well as Medicare supplemental, last expense, annuities and mortgage protection policies
How does family first life work
Family First Life works by employing independent agents to sell the policies provided by its carrier partners. The company runs as a multi-level marketing enterprise. Whole and universal life insurance plans are offered for sale by Family First Life, along with mortgage insurance, final expense, annuities, and Medicare supplementals.
How does family first life pay you?
The typical annual income for a Family First Life member ranges from roughly $24,178 for an entry-level recruiter to $193,916 for a senior sales manager. The hourly wage at Family First Life ranges from about $11.40 for an appointment generator to $107 for an independent agent.
How much do family first life agents make?
The typical Family First Life Insurance Agent salary in the U.S. is around $78,103 per year, which is 24% more than the average.
CONCLUSION – Is Family First Life an MLM or a Pyramid Scheme?
I hope we have answered your question about family first life, an MLM, Or a Pyramid Scheme. You have complete control if you’re considering signing up for their business operations. However, there are some factors that you should take into account before working as an agent.
You could still do more research on the topic if you don’t feel satisfied. But then, get to know that Family First Life is not a get-rich-quick program, despite some agents’ bogus guarantees of income. To gain incentives, you must sell insurance to various businesses. Consider all these, and then decide whether you want to be a partner. We’ll wrap up here.
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