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Are You Involved with a Multi Level Marketing Insurance Scam? - YouTube
Channel: Douglas Massi
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every year I get several phone calls
from different insurance agency managers
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that are basically cold calling other
licensed insurance agents from a list
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you know recruiters and these guys swear
that I can make a lot more money working
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with them than any other insurance
agency here's the problem when I ask
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them a couple of basic insurance product
related questions you know I do test
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them a little bit they usually have no
answer which means that they're trying
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to sell me on something that they're
basically clueless about even though we
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know they're licensed insurance agents
that are supposedly successful
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themselves this is just one of the
tell-tale signs of a multi-level
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marketing insurance scam even worse you
might be involved with one and not even
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realize it
what yeah freaking crazy right in this
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video are you involved with a
multi-level marketing insurance scam I'm
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gonna go over some of the pros and cons
of working with these type of MLM
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insurance agencies and I'm even gonna
touch on the success rate for working
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with these companies how they're 100
percent 100 percent commission level is
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often a little misleading and thankfully
how you can escape these companies to
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get better Commission's better training
and better leads all of this and more
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coming right up so stick around
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I'm Doug Massi and thank you very much
for checking out our YouTube channel
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final expense trainer now this is when I
asked you to give this video a big ol
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thumbs up and if you haven't subscribed
already you should definitely do that
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now as we are putting out new final
expense sales related video content
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every single week one more thing before
we get started if you'd like a copy of
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the guarantees of whole life insurance
that I use during every single one of my
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final expense sales presentations you're
gonna need to hang out all the way to
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the end of this video and then I'll show
you how to get the file the copy for
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yourself what you simply want to do with
this bad boy is laminate it like I did
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and go over it with your prospect during
every single one of your presentations -
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this is a great way to explain to your
clients exactly one what the benefits of
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whole life insurance are - while you're
building rapport and it's gonna help you
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build rapport and three it actually does
help to separate you from the pack of
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all the other agents the insurance
agents that they've been seeing and will
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likely end up seeing even when they're
very happy with you I love the part at
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the bottom where it says this is not
like term life insurance where the price
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goes up and the policy expires at a
certain age and you get nothing back one
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of the big telltale signs that you're
part of a multi-level marketing
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insurance agency is when your upline
manager is really pushing you real hard
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to go to a certain group meetings or
even worse they're pushing you to go to
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their insurance convention where here's
where it gets interesting you have to
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pay to get in what you want how much
money for this so you're part of this
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big company and they're requiring you
they're really highly suggesting which
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is basically they're making you go to a
convention that you have to pay for
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because and here's where the pitch comes
in it's what's best for you and your
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learn a lot now that's some seriously
manipulative brainwashing MLM nonsense
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here's another bad sign you just started
working with an insurance company and so
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they make you you know go to these
meetings and at these meetings they're
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telling you to bring your friends and
your family so that they can be part of
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your insurance agency downline meanwhile
you have no clue as to what you're doing
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you've had zero success so far and maybe
you haven't even sold an insurance
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policy yet classic MLM manipulation and
here's another one you ask your upline
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manager what your commission level is
and he says well we're starting you at
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our 100% level 100% level what the heck
does that mean so thankfully you're not
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a complete moron even though you did
sign up with these guys without seeing
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any type of Commission levels or
Commission grids in writing first but
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you do get wise and start calling the
insurance carriers and you of course
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that's that's the best way to ask them
to get a copy of your Commission grids
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and that way you can actually see your
true Commission level and they tell you
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that you have to get it from your upline
then for some reason your upline manager
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doesn't want to send it to you or it
just seems to take forever
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hmm I wonder why it takes so long for
them to get you that Commission grid
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showing you how you're making 100
percent first-year Commission dude I'll
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tell you why you're not seeing a
commission grid they're not sharing all
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the Commission grids with you because
most if not all of the products you're
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selling actually pay a first-year
Commission level that's a lot less than
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that 100 percent level so basically just
so I'm clear these companies are making
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money off of you even if you don't sell
anything because you're paying
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them to go to their conventions and then
they're making money from you when you
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do sell which okay that's fair that
makes sense but then when you recruit an
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agent they're making money off of that
agent whether they sell or not because
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guess what they got to pay to go to
those conventions too they're also
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making money by reselling the same exact
Final expense Direct Mail leads over and
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over and over again from one agent to
the next yeah they're doing that too
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that's why you have these triple B
number three leads or whatever the heck
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they're calling them these days then if
you decide to leave they're definitely
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taking the agents that you recruited
whether you like it or not because you
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did sign their agreement when you
started working with them and that
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Agreement totally agrees to screw you
now the pros there are a few individuals
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that can do really well with these type
of multi-level marketing insurance
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companies and have the right type of
personality to build their agency
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actually teach final expense sales
training be successful and convince
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people to get an insurance license and
basically sell them on selling insurance
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for them however we're talking a very
small amount of people that can do this
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like maybe five to ten percent of
successful insurance sales agents full
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transparency I tried working with one of
these MLM companies over ten years ago
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and was unsuccessful because one I truly
believe deep in my soul that it's bad to
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lie to people that are already
struggling and to manipulating people to
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do what's best for me is just wrong as
hell and completely unethical it is my
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opinion that all the MLM insurance
agencies base their business model on
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half-truths flat-out lying for some
managers manipulation and group shared
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brainwashing and that's not BS either
that's what the meetings are for the
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and washing so think about it if you've
ever paid to go to an insurance
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convention you literally pay to get
brainwashed and have been drinking the
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kool-aid that will most likely lead to
your failure the good news is there are
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legitimate insurance agencies like
United final expense services that you
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can go to right now
and where you will get higher commission
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levels and you won't have to make any
mandatory meetings or conventions you
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won't have to pay to go to conventions
our final expense direct mail leads are
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never ever ever resold to other agents
and are generated specifically for you
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and in your local areas remember even
though you may have signed a contract
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with one of these shady companies by law
these multi-level insurance marketing
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scam companies cannot make you stay with
them or the insurance carriers that they
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represent there are ways to get out of
that agreement that you signed
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I personally show agents every single
week how to get away from their upline
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manager the MLM agency so that they can
have much higher chances of being
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successful as an independent life
insurance agent or final expense agent
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for a copy of the guarantees of whole
life insurance printout that I mentioned
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earlier in the video just email me at
Doug at you FES online.com if you'd like
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more information on joining our final
expense sales team and getting access to
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those fixed costs Direct Mail final
expense leads along with higher
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commissions and our proven final expense
sales platform just shoot me an email at
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that same address when you put the needs
of your clients first everything else
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usually falls right into place now get
out there and do something good for
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someone today happy hunting
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you
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