bluesky3000
Expert
- 20
Wow, is it really that bad? Never really hear how tough it was...
Help Leaving Symmetry Financial Group SFG!
- Thread starter MLMDEFECTOR
- Start date
- 17,140
Scammers tell people to contact them for the Info. If you have good honest info and are really trying to help people you post it right here and let it be discussed openly.
I had a good friend call me yesterday, he had just joined Symmetry. He was bragging about how they have a system, blah, blah, blah. Sounded exactly like Primerica. Are they the new Primerica?
By the way, how many of these Primerica wanna be companies are out there? I've been approached by several and it seems like the head guys are always people that were "successful" with Primerica.
- 17,140
Symmetry is just the latest name for one of the agencies that recruits people fresh off the turn up truck. The best agent in the world would be broke trying to make a living with their system. And to hear the OP say that he "worked up" to get to 85% commission levels? Does he not have Google? How do agents continue to fall for this stuff n 2019?
I wrote this thread on my website nearly a decade ago. Does it sound like Symmatry is anything new? The names just keep getting changed as their reputation becomes well known. Getting Started with FE Sales
Yes it is the new Primerica. The culture recruit, don't worry about learning how to sell insurance, receive low pay, build a team in order to get to the top of the pirymid, have bonuses dangled in front of you, go into debt in order to "succeed".
Other Primerica like companies are FFL, NAA, Equis, InVida.
Many of which have crazy contracts that they require you to sign where they own your client lists, your downline, your renewals, any websites you develope.
Look for truly independent opportunities. Ones that pay a fair commission 90% or higher for life products.
Good luck to you
Other Primerica like companies are FFL, NAA, Equis, InVida.
Many of which have crazy contracts that they require you to sign where they own your client lists, your downline, your renewals, any websites you develope.
Look for truly independent opportunities. Ones that pay a fair commission 90% or higher for life products.
Good luck to you
- 17,140
No one should EVER sign a contract with ANYONE without getting commission schedules IN PRINT (never verbal) from at least 3 different uplines you are considering. Even 90% is crazy low for most products.
BehindSalesWORK
New Member
YES, it really IS that BAD! I hate to see people taken advantage of, that's WRONG! -- starting ALL new agents at 60% is a guaranteed financial disaster (with that low amount and industry standard issue rates there's no way to be profitable when upline managers insist you spend most of your earnings on leads and RECRUITING -- SFG's focus)
OLD leads are sold and resold again, and again and again (one of the owners even has another IMO so SFG agents get his other company's leads after his agents have worked many of them unsuccessfully).
Though an agent is not required to spend a huge portion of their profits on RECRUITING (along with what's spent on leads), it's strongly advised -- you can't go past 70%-75% unless you've built a team of downline agents.
Agents and agency owners regularly post ads 'on top of each other' in most major markets -- best one wins, so to even lure decent recruits is a gamble.
The saddest part though is the ones who stay and tough it out seem to willingly drink the '110 Kool-Aid' goal/objective (110% TOP contract) that's designed to be reached in as few as 23-25 months, but only if an agent RECRUITS and builds a team to move up the Promotion Guidelines chart (usually will reach 110% level in typically 3-4 years if they can consistently keep 10% of the recruits, about normal for SFG -- others leave for better and higher contracts that allow them, like the person who started this thread, to be extremely profitable 'on their own pen').
If a new agent is looking for a new 'family' away from home, enjoys monthly and quarterly 'family reunions' (typically they have to pay ALL travel and other expenses to attend training and leadership meetings, local conferences and their annual conference in the Washington DC metro area -- in 2020 on a cruise ship, BIG $$$s!!!) with only NET marginal EARNINGS, then the SFG model of 'RECRUIT, RECRUIT again and RECRUIT some more', may be ideal for industry newbies, but just keep in mind who continues to profit from and EARN the TOP DOLLARS off the clients of the 90%+ of RECRUITS who eventually leave -- that's why it's called the 'SFG Model' since in the long run the TOP tier upline 'hierarchies' and owners sit back and wait for most agents to do ALL of the work and 'show SFG the money'!
So, guess it really is a lot like Primerica (NAA and others) who keep the majority of carrier commissions while gullible 'SALES' people do ALL of the WORK! -- something's wrong with that 'MODEL'!
OLD leads are sold and resold again, and again and again (one of the owners even has another IMO so SFG agents get his other company's leads after his agents have worked many of them unsuccessfully).
Though an agent is not required to spend a huge portion of their profits on RECRUITING (along with what's spent on leads), it's strongly advised -- you can't go past 70%-75% unless you've built a team of downline agents.
Agents and agency owners regularly post ads 'on top of each other' in most major markets -- best one wins, so to even lure decent recruits is a gamble.
The saddest part though is the ones who stay and tough it out seem to willingly drink the '110 Kool-Aid' goal/objective (110% TOP contract) that's designed to be reached in as few as 23-25 months, but only if an agent RECRUITS and builds a team to move up the Promotion Guidelines chart (usually will reach 110% level in typically 3-4 years if they can consistently keep 10% of the recruits, about normal for SFG -- others leave for better and higher contracts that allow them, like the person who started this thread, to be extremely profitable 'on their own pen').
If a new agent is looking for a new 'family' away from home, enjoys monthly and quarterly 'family reunions' (typically they have to pay ALL travel and other expenses to attend training and leadership meetings, local conferences and their annual conference in the Washington DC metro area -- in 2020 on a cruise ship, BIG $$$s!!!) with only NET marginal EARNINGS, then the SFG model of 'RECRUIT, RECRUIT again and RECRUIT some more', may be ideal for industry newbies, but just keep in mind who continues to profit from and EARN the TOP DOLLARS off the clients of the 90%+ of RECRUITS who eventually leave -- that's why it's called the 'SFG Model' since in the long run the TOP tier upline 'hierarchies' and owners sit back and wait for most agents to do ALL of the work and 'show SFG the money'!
So, guess it really is a lot like Primerica (NAA and others) who keep the majority of carrier commissions while gullible 'SALES' people do ALL of the WORK! -- something's wrong with that 'MODEL'!
Any chance your with an MLM? That train of thinking is pure MLM 101. I suppose all J-O-B-S are pyramids too....until you look at the earning's averages at corporate office?
At least they didn't charge you an admission fee to attend your own company conference???
Not sure if that is sarcasm. SFG conference admission used to be $100. Now it's $200+. Who knows what the fee is for the cruise....
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