Freedom Equity Group Overview – Should You Join?

Freedom Equity Group Overview – Should You Join?

So if you’re reading this Freedom Equity Group review, you’re probably thinking about becoming a member and doing some research online. If that’s the case, look no further. In this third party article, I will give you all the basic details you need before joining. Now very quickly… I want to disclose that I am NOT a member of Freedom Equity Group, nor am I affiliated with them in any way. In fact, it really doesn’t matter to me one way or the other whether you decide to join or not. This is important to you because you know that you will at least get an unbiased view of the company. With that said, let’s get started…

First, let’s talk about the company itself. In my opinion, having great products and a lucrative compensation plan is second only to having a solid company with a solid infrastructure that can handle future growth. The company was founded in 2002, so it’s not a startup, which is good if you’re looking for a company that’s a little more established. The management team is very experienced and their field supervisors seem very professional. The company is based in California and partners with some very reputable companies such as Fidelity & Guaranty and National Western Life. My suggestion is, if you are totally serious about joining and building a long-term business with them, take the time to visit their corporate office in Arroyo Grande. Sure, you may be paying out-of-pocket for travel expenses, but if you’re doing real due diligence, it just makes sense to meet with people in the home office. Of course, if your goal is just to make a few bucks here and there, you probably don’t need to take the time to visit a home office. But if you’re looking to build a long-term business that can earn you 6-figures (or multiple 6-figures) a year, then it’s worth it. Speaking from experience, I wish I had done this before joining some companies. It would have saved me a lot of time and frustration.

Freedom Equity Group’s primary product is Index Universal Life Insurance, or IUL. It is a form of permanent cover as opposed to term insurance which is only cover for a set period of time. In addition to life insurance, an IUL also provides a savings vehicle through which you can accumulate and grow your money tax-free. And if that’s not enough, the policies they sell also provide Living Benefits, allowing you to use your coverage without dying. Everyone should be educated about these basic financial services so that you have a huge market to advertise your product to if you decide to join.

As for the compensation plan, it’s pretty straightforward. Based on the earned position you have, you will earn up to 93% of the annual premium of all your personal clients. For example, if you have a customer who pays $250/month, you will earn a percentage of the annual premium, which in this example is $3,000. Let’s say you are a district manager (which is the third position in the compensation plan), you will earn 50% of the annual bonus, which will be $1,500. Not bad at all for a customer. Keep in mind that you will most likely get 75% of your commission upfront and 25% of it later. And you will get paid once the customer is approved, which can take 30-90 days depending on the signing process. However, you still earn a very good commission while providing essential financial services to people who need help.

If you choose to build and grow a team, you can also earn up to 63% reversal of sales made by reps on your team. Do they sound good? That’s because it’s… you can earn hundreds (and even thousands) of dollars when someone on your team completes a sale. The “disadvantage” (for lack of a better term, as it may not be a disadvantage at all depending on how you look at it) is that you need to hire about 10 people to get 3 or 4 licenses and about 1 of them will be active and productive. Of course, if you find a way to hire licensed reps who are already joining with a license, then you could probably beat those numbers.

In addition to personal and referral commissions, you’ll also earn renewal income, Generation Overrides if you build other leads, and you could also qualify to earn company-wide money through bonus pools you can participate in. Overall, there is certainly a lot of money you could make if you build your business a certain way and agree with the way life insurance companies pay commissions.

So Freedom Equity Group is a good company. The short answer is YES. The company exists and the management team is solid. Should you join? Only you can answer that. If you are looking for a more professional marketing service and like the idea of ​​sitting down with people and helping them solve their financial problems, then FEG may be the company for you.

Here are my three suggestions before you join. First, take the time to research the company’s system for building the business so that you align with the company’s culture. For example, if the entire company culture revolves around home meetings and you want to include online webinars and conference calls, then there may be a clash. Second, find a sponsor and a team that has a system you can use to build your business. For example, ask to see the document or training they have to get a license for unlicensed people. Do they even have a system? Or do they just leave the brand new rep to get a license on their own? Last, but certainly not least, I recommend using Attraction Marketing to generate a steady stream of quality leads. Sure, you could tap into your warm market, but just imagine how big your team could get if you had 20+ targeted leads hitting your inbox every day. If you can implement these three things, there is no telling how prosperous your FEG business can be.

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