Welcome to my Freedom Equity Group Review,
If you are interested in selling indexed universal life insurance, you may have heard about Freedom Equity Group.
This multilevel marketing company specializes in this type of insurance. But do you know what to look for in a company before joining one?
Contents
Freedom Equity Group Review – The Company
Read on to discover if Freedom Equity Group is a scam or a legitimate business opportunity.
Here are the important factors you should consider before joining the company.
If you want to succeed with this business opportunity, you need great support.
Freedom Equity Group Review – The Products
If you’ve ever looked into joining a multi level marketing company, you’ve probably heard of the Freedom Equity Group.
But how does it compare to pyramid schemes? Is it a legitimate organization, or is it a scam?
Read on to learn more about Freedom Equity Group.
It’s a legitimate MLM company with an A+ rating from the Better Business Bureau.
Freedom Equity Group has been in business for more than eighteen years and seems unlikely to be going anywhere anytime soon.
While Freedom Equity Group claims to have been in business for over 10 years, this website was last updated on the sixth of March 2019.
While it’s unclear where its head offices are located, the company’s LinkedIn page suggests its HQ is located in Arroyo Grande, California.
Its chairman, Ron Bloomingkemper, is a former executive at Primerica and A.L. Williams, which are also multi level marketing companies.
Freedom Equity Group Reviews – How Does It Work?
While the compensation structure of Freedom Equity Group is not transparent, it’s clear to see the potential for income.
The company pays out commissions through a system that pays affiliates according to sales volumes.
Affiliates are also paid commissions on commissions earned through their referrals.
Affiliates of Freedom Equity Group are also rewarded for referring new members to the business opportunity.
However, the compensation plan is not transparent, and it’s unclear whether the company offers any type of residual income.
Freedom Equity Groups Compensation Plan
As a beginner in Freedom Equity Group, there are several important considerations you should keep in mind.
First, you need to make sure Freedom Equity Group is right for you. After all, it offers a lot of potential for income, so you should make sure you can manage your downline effectively.
The company has been in business for over two decades, and doesn’t employ a pyramid or Ponzi scheme business model.
However, there are a few risks associated with Freedom Equity Group.
Is Freedom Equity Group a Pyramid Scheme?
This multi level marketing company offers seven life insurance products. Freedom Equity Group is an insurance networking company, and the commissions range from 30% to 70% depending on your rank and level.
To increase your rank, you need to sell more products and recruit more members.
If you’re looking for a way to earn from home, Freedom Equity Group may be a good choice.
You don’t need to be an expert in insurance, but if you’re determined, you can start selling life insurance and make a full-time income by recruiting others.
Indexed Universal Life Insurance
The indexing process is a way to play the options market indirectly. In an indexed universal life insurance plan, an insurance company invests your interest in options on a particular indices.
If the underlying policy is performing well, your cash value will increase as well. If the market is struggling, the cash value will go down.
Your insurance company takes a percentage of the increase as their fee. This process also makes your policy’s cash value participate in the market.
In addition to the ‘free look period,’ many indexed universal life insurance companies offer low-cost loans to entice customers to buy their policies.
This practice, called arbitrage, encourages many IUL buyers to buy five times the amount of insurance they actually need.
In addition, they are led to believe that their policy will earn 6% to 7% annually, even though their policy actually earns only 3%.
The upside to owning an indexed universal life insurance policy is the ability to lock in gains and losses in the market.
Unlike traditional life insurance policies, an index universal life insurance policy provides the flexibility to pay premiums on a monthly basis or in lump sums.
Furthermore, IUL policies are very flexible, and may be perfect for those with variable incomes. Some people prefer the flexibility of an IUL policy, such as those who work on commission.
Another benefit of an equity-indexed universal life insurance policy is that the cash value grows along with the relevant index.
In other words, your cash value increases in proportion to the increase in the relevant market index. The only drawback is that there is no guarantee of market returns.
Therefore, an investor should carefully consider their needs and their insurability before purchasing an equity-indexed universal life insurance policy.
If they do not qualify, they should consult a financial advisor to determine whether this product will be suitable for them.
Another benefit of an indexed universal life insurance policy is that the cash value portion of the policy can be invested in a cash market type investment, which will increase the value of the cash value.
In addition, an IUL policy will allow you to make changes to your death benefit amount. If you want your cash value to increase in value, a dividend-paying universal life insurance policy may be the way to go.
Freedom Equity Group Support
Considering that the company has been around for some time, Freedom Equity Group is a good option for your financial advisory needs.
The management team is well-established and their administration staff is very strong. Moreover, they provide a great service to the market.
However, before you join the company, you need to know the basic information about the products and recruitment process.
While this company is legitimate and fully accredited by the Better Business Bureau (BBB), you need to consider some factors.
Although this company is a long-standing organization, you should still do your due diligence.
The company provides life insurance and offers commissions for policy sales.
The company has six affiliate ranks and your rank progress depends on the volume you are able to commission.
Freedom Equity Group Review – How To Join
To join the company, you need to find a recruiter and attend an initial training.
Once you have done this, you can start recruiting other people for the company and start generating commissions from those individuals.
Freedom Equity Group requires great support, so make sure to follow their policies.
The company’s primary product is Index Universal Life Insurance, which is different from term insurance.
These policies allow you to grow the money in tax-free accounts and use it without dying.
In addition, they offer Living Benefits, which allows you to use the coverage you’ve purchased without having to die.
It is a smart investment for your retirement and financial future, so be sure to check out the company’s website for more details.
Is Freedom Equity Group A Scam?
If you are looking for a legitimate business opportunity, you should consider the Freedom Equity Group.
The main product of FEG is an Index Universal Life insurance policy. Unlike term insurance, this type of policy provides a tax-free savings vehicle.
In addition, the insurance policy has Living Benefits, which means that you can still be covered after you pass away.
These benefits are important for both you and your loved ones.
What I Liked
One of the key things that sets the company apart from other networking insurance companies is its founder.
Bill Petrinovich grew up in a single-parent household and helped his mother establish an insurance marketing company.
The two eventually worked together and built an empire that focused on annuities and estate planning. Bill Petrinovich was also active in A.L. Williams and Primerica prior to joining FEG.
What I Didn’t Like
Although the Freedom Equity Group is not a scam, you should be aware that you are not alone in your decision to quit FEG.
There are numerous reasons to quit the company. Many people who quit FEG do so for a variety of reasons, and this company has a long history of success.
You can ask anyone who has joined the company to provide you with a copy of the contract and see if they can help you make a decision for yourself.
Final Thoughts
Another reason to join the Freedom Equity Group is the compensation plan. The compensation plan involves commissions on the sales of the company’s insurance policies.
Moreover, FEG also allows agents to earn from recruiting and selling their own insurance policies.
To be a successful FEG agent, you need to be a great recruiter, a good manager and a good onboarding specialist.
Those with these qualities will be rewarded accordingly.
Moreover, FEG offers a six-tiered ranking system, and its affiliates earn commissions on policy sales. There is no limit to the amount you can earn through this system.
The more people you recruit and train, the more you earn. And this system can grow infinitely.
This means that the more people you recruit and train, the more commissions you’ll receive.
This system also emphasizes mentoring and training, which means you’ll be part of a team.
