Last Updated 11/3/2016 This serves to be as an informational thread on the current Network Marketing/Multilevel Marketing (MLM) companies that sell life insurance. I put this together for new agents who may not be aware that these companies are MLM and to provide some basic info. I am not intending this to be a thread to debate MLM, just to help whoever it may help. Some of this may be incorrect or dated, so if I am asked, I will correct. Hegemon Group International www.hgimax.com Description: Ex-AL Williams builder and, World Marketing Alliance/World Leadership Group founder Hubert Humphrey is back in the insurance business. After selling WMA/WFG to Aegon/Transamerica in 2001, he was unable to compete for a number of years due to the non-compete agreement with AEGON. Now, he is back and looking to build another industry giant. Primary Marketing Angle: Indexed Universal Life, Active Money Management, Living Benefits, Term Life w/Living Benefits, Guaranteed Lifetime Income Streams, Non-Licensed Products (Land Banking, Credit Restoration, Robo-Investing, Estate Planning Services). Companies: AIG, Sagicor, North American, Americo, United Home Life, many others Captive: No Fee to join: Yes, $125 Primerica www.primerica.com Description: Almost everyone knows this one. Started as A.L. Williams (ALW), later bought by Primerica Corp (now Citigroup) and renamed Primerica Financial Services. Now it has been spun off into its own entity "Primerica" and is traded on the stock market as PRI. Approximate market cap of PRI is $2.5 Billion. Recently, they have added indexed annuities into their product offering. Primary Marketing Angle: Replace all permanent life policies with the "Buy Term and Invest the Difference" philosophy. All cash value insurance is bad. Companies: Primerica Life Captive: Yes Fee to join: Yes World Financial Group www.worldfinancialgroup.com Description: Started by A.L. Williams / Primerica top producer and recruiter S. Hubert Humphrey. He left ALW after it was sold to Primerica Corp, and started Alexander Inc, later known as World Marketing Alliance. Sold assets (not the WMA name/logo) to Aegon/Transamerica (except for WMA Mortgage Services which was retained by Mr. Humphrey) and was renamed World Financial Group. The broker/dealer now goes by Transamerica Financial Advisors. Approximate market cap of WFG is $1.5 Billion. All of these are marketing groups within WFG: WealthWave (Tom Matthews), Virtual Financial Group (Rich Thawley), World System Builder/WSB (Xuan Nguyen), Revolution Financial Management. Primary Marketing Angle: Indexed UL w/LTC rider. Companies: Transamerica, Nationwide, Pacific Life, others Captive: Somewhat Fee to join: Yes International Marketing Group www.img-corp.com Description: Marketing group owned by World Financial Group's Xuan Nguyen, although you will find no mention of Xuan or WFG on the website. This is Xuan's marketing company for the Philippines, still under the WFG umbrella. Also known as "World System Builder" or WSB. Primary Marketing Angle: Same as WFG Companies: Same as WFG Captive: Same as WFG Fee to join: Same as WFG Capital Choice www.capitalchoice.com Description: Started by Art Williams' brother-in-law DIck Kinnard. Basically the same thing as Primerica without the corporate owner, and on a much smaller scale. Primary Marketing Angle: Replace all permanent life policies with the "Buy Term and Invest the Difference" philosophy. Companies: ING, Fidelity, others Captive: Yes Fee to join: Yes HBW Insurance www.hbwinc.com Description: More of a General Agency type of MLM. Allows agents to sell a variety of products and build a network of subagents. While MLM, seems to be a bit more toned down. Primary Marketing Angle: Sell a variety of products part time, build a team Companies: ING, Old Mutual, others Captive: I don't think so Fee to join: Not sure The Alliance Group www.anallianceforlife.com Description: Started by a former Amerishare agent, their main focus is mortgage term and a term insurance product with "Living Benefits". Primary Marketing Angle: Mortgage Life and Proprietary Term Life w/Living Benefits Companies: Western Reserve Life, Transamerica, others Captive: No Fee to join: No The Alliance (formerly National Agents Alliance) www.naaleads.com Description: Yet another "alliance" pushing non-medical term to everyone. Their system is mortgage leads from their direct mail program. Agents actually buy these leads from the company. Primary Marketing Angle: Non-medical mortgage life insurance Companies: Presidential, American General, others Captive: Unsure Fee to join: ? U and I Win (United Independent) www.uandiwin.com Description: ? Primary Marketing Angle: ? Companies: Many - http://www.uandiwin.com/Carriers/All_Carriers/?page=40 Captive: ? Fee to join: ? Freedom Equity Group www.freedomequitygroup.com Description: Founded by ex-A.L. Williams agent Ron Bloomingkemper, along with Ronald Petrinovich and Bill St. Clair. Mr. Bloomingkemper was also the founder of National Marketing Alliance (RIP). This company is very similar to WFG in structure and products. Primary Marketing Angle: Indexed Universal Life is the primary product. Companies: AIG, Phoenix, Life of the Southwest, American National and others Captive: No Fee to join: Yes. People Helping People www.thephpagency.com Description: Founded by ex-WFG CEO MD Patrick Bet-David. They seem to focus on recruiting a younger crowd and focus on being a life insurance agent entrepreneur. Primary Marketing Angle: Indexed Universal Life, Return of Premium, Term Life. Companies: AIG, Nationwide, Foresters, F&G Life and others Captive: No Fee to join: Yes, $150 DEFUNCT COMPANIES: Life Agent Alliance www.lifeagentalliance.com Description: New company started in 2007. From the website, it seems to be fly-by night. No corporate address. I can't even be 100% sure if it is MLM, but the word "Alliance" in the title indicates that it is. Primary Marketing Angle: Non-medical life insurance, voicemail leads Companies: United Home Life, American Amicable, etc.. Captive: Unsure Fee to join: ? And for history's sake, we can't forget National Marketing Alliance (RIP) and Amerishare (RIP). And not life insurance related, but Hubert Humphrey's World Leadership Group WLGI has Ceased Business Operations (formerly WMA Mortgage Services) which was MLM mortgage and real estate, closed it's doors in December 2008 due to the banking and real estate collapse (RIP). I hope this is helpful.