Pros
Agents are bribed to write positive reviews. Most recently they were offered discounts on leads (that are already marked up) if they posted a positive review and sent a screen shot for verification. There are some IMOs that have lower commissions but none that have a more toxic culture.
Cons
These are all 100% FACTS so if there is a response made to this post, I urge anyone to do their own research and learn the truth for yourself…They advertise that they have the highest commission levels of any IMO which is a blatant lie. Most agents sell Final Expense because all of the new Mortgage Protection leads are taken. Their Final Expense commission pays 15-30% less than the comp level you are told you will be paid. Why is this not discussed when the majority of agents only sell Final Expense? Why do they say they pay renewals? Because most agents have no clue how to find the renewal schedule and it would take them a year to realize they are being lied to about those to. To be fair, some of their products do pay renewals, however they are less than half of the industry standard on Final Expense renewals. The products they promote are so overpriced that most of the business falls off the books before renewals can be paid anyway. Term products pay zero renewals. So when they advertise that other IMOS are stealing from their agents, it is easily the height of hypocrisy. They say you can build an agency to sell to integrity- nearly every IMO has that ability. The culture is horrific. You can’t go to a meeting without hearing them talk about firing or terminating someone. How can an independent contractor be fired? You are told that you are independent but then you are expected to go to all meetings. People are constantly shamed and ridiculed for “not working”. Go to a meeting and listen for how many people “don’t work” how many times they say “terminated” or “fired”. Again these are facts, you will hear this language if you hang around long enough. It is not a healthy environment/culture. The model is sell, sell, sell. That looks fine on the surface and the numbers look good on paper but in reality they couldn’t slow down if they wanted to. So many chargebacks and debt roll ups come in that they have to keep outrunning it. If they ever slowed down the model would crumble. If you recruit and build a team, they own you because they now have something to take from you. Just pay attention to how many agents are moved to different hierarchies. Why do you think that is? Do you really think it won’t happen to you? Do you think you are more special than the others that have their teams stolen from them? Learn the truth and research before you work with FFL. If you want an MLM style where you are pressured to write bad business then perhaps this is your fit. I doubt anyone would choose that if they knew the truth from the start. It is time more people tell the truth about this company rather than the brainwashed ones that are bribed to write positive reviews.
