Symmetry Financial Group

[lefty1962]

its all hype.. I tried them for awhile and found it to be Anyway for insurance. My upline didn't have time to help me because she was too busy selling policies and not training her downline. They tell you "You can do it!" but they don't tell you HOW to do it.

newbies don't need motivation, they need education.

I moved on and am now with New York Life and being educated. Liking it so far!

 

[agentinsure]

this thread is about useful as well you know what.
first all the original post was asking about Symmerty Financial Group, and it took some 15 pages of talking about I dont know whats to end up here with nothing. And we wonder why people dont trust insurance agent.

 

[Cybrspidey]

I have been with Symmetry since I got into the insurance biz. I walked away from another profession making over $150,000 a year. Great money, but I was never home with my wife and our 5 kids. I decided to get into the life insurance business after my step-father passed away from cancer (diagnosed and died within two weeks), and I ended up paying for the funeral and then supported my mother for 6 months until his retirement transferred over to her.

From this, I realized there was a need for insurance in our country, and that I could parlay those skills into my own business. First of all, understand that what makes or breaks Symmetry Financial Group (SFG) is 100% your own work ethic and activity level.

I saw someone doubted the income level or AP of reps, there are many reps that are making consistently over 10k AP every week. On our main website: sfglife.com, you can see the top performers and their AP amounts. We don't hide it. But also understand, there will be weeks that are great, and weeks that will suck... welcome to the insurance business.

With SFG, you come in on a 60% contract... for a newb, this isn't so bad for the turnkey system they employ. You will have a consistent lead flow, plenty of bonus leads (while some may scoff at this, if you put the time into making dials, these leads can actually be quite profitable), the business is what YOU make of it. Is it easy... hell no. If it was, everyone would be doing it. Is every organization perfect, does every agent always do whats best... no, we all make mistakes.

The deal is this, while you start at 60%, you can quickly move up to an 80%+ contract... guess how... writing AP. How much you ask?? All you need to write is 25k AP for two months!! This AP is what you write and ANYONE in your downline writes combined. Once you get a promotion, they don't take it away from you.

When you start, your upline not only helps to train you, they handle paperwork, new agent processing, a lot of things that help you get your agency/team off the ground. Do they get a piece of your pie in doing so... YES. When it comes time for you to recruit an agent, you will understand how much work this involves.

Also, understand, that in this business, your activity level with either feed you or put you in the poor house. Every IMO has its advantages and disadvantages. The choice if yours. With SFG, integrity is high, the owners sincerely want their agents successful and seek to get every full-time agent making 6-figures their first year. And, with their extensive experience with NAA, they took the good of NAA, removed the bad, and are ALWAYS constantly improving the organization... and you guessed it, for the benefit of the agent, not the IMO.

Feel free to PM me with any questions!

 

[Agentguy5]

this thread is about useful as well you know what.
first all the original post was asking about Symmerty Financial Group, and it took some 15 pages of talking about I dont know whats to end up here with nothing. And we wonder why people dont trust insurance agent.

Yes, but now that you have revived it, people are going to read it. lol

I spoke with a guy a couple of months ago who was with Symmetry. He told me that he was working re-worked/aged leads, that he was paying for and had really tiny contract levels.

I like the ideal that the aged leads that I have access to, have never been worked before.

 

[agentinsure]

yeah, well I was looking for some ideas on Symetry, and stumbled across this thread and 5 pages latter didn't learn a thing except that some agents have more time than old ladies

 

[Symbusta]

This explanation is very very close to the truth. This person also chose to be professional and not brash with pointing out the truly unethical way they are pushing this MLM. The people making the big money are at the top as in all MLM's but also in this company the top people are from one of several past unethical business's. Other bad rep IMO's, Time Share or Membership Buying Club's. Not all but most top dogs are. They are the ones making 100k. Not the avg rep as they would have you believe. 60% is not the starting comm. after you deduct the 10% holdback. Also you don't own but rent the leads. The lower the cost the more likely they have been used and abused. There is no monitoring or suggested updating the system when you are told never to call back. So the poor next guy pays for it then calls and gets told the same thing then throws it away without updating and so on. The Rah Rah up front is own your own agency or business in a short period of time. So before you even start selling their system of one call close as in time share and buying clubs you are drilled on recruiting and signing up as many people as possible. The commission structure almost assures or forces you since you will not reach higher levels of comm or bonus without signing up people and recruiting. I can't remember ever going to a State Farm office or calling Geico and being one call closed. This is not opinion, this is firstvhand experience of over several years. After spending 1500-2000.00 per month on leads and following their call My system of appts, phones and family time. I can only tell you from experience there is no family time. They have you on conf calls, meetings, regional breakouts, annual conferences all based around get as many people to the events as possible and they will help qqq get them interested. So they don't really give you time to see what's going on. They push and push and motivate and are always offering help. It all appears innocent and heart warming on the surface in the beginning. But month after month of being charged back thousands of dollars from cancels and yes god forbid someone you enrolled quits and they have a cancelation. Guess who gets charged back what they got paid on top of what override you made? It's very discouraging to spend so much time, money and effort recruiting new people and selling the koolaide only to have them quit. You have no time for yourself until maybe you reach the top. You are working 7 days a week early morning till 10-11pm. They will have you believe you work 3-4 days a week. Don't take my word for it. Try it or ask someone else who actually worked for Symmetry. Their ads and meetings seem to answer all your prayers or wishes. No to low invest

My intent for sharing real insight in Symmetry (SFG Life) is solely with the heart that if it had ever been revealed to me, it would have saved me the dashed hopes, wasted time, money and preparation for what presented itself as an exciting new opportunity and potential career. My insight is in stark contrast to the boatloads of glowing reviews on the internet.

I saw an online ad that would normally make me puke. You know the kind, “MAKE $10,000+ PER MONTH WORKING ONLY A FEW DAYS PER WEEK!” This ad, however, had a hook that appeared different than typical bottom feeders luring for the gullible. This ad provided a link to a company website.

The company appeared to be a solid insurance brokerage firm that was utilizing a multi-level marketing platform. Yes I had to plug my nose at the smell of MLM, but frankly as applied to the insurance industry the opportunity appeared unique and compelling. The entry was no-cost, they offered fresh leads with a close ratio of 50-70%, and paid quick and generous commissions providing viable life insurance products from
A-rated insurers - just add hard work!

The general overview of Symmetry is that it offers products from several dozen insurance carriers through agents who help families find what suits them best. What’s not to love?

Typically, brokers who offer products from various insurance carriers have software that cross compares all the rates for a potential client. Symmetry does not. They use an inefficient process of running a client’s information through the proprietary software of each individual insurer. It’s a laborious way to compare rates for the best price. I was alarmed to find such an outmoded system and additionally disturbed that it seemed to be a non issue to everyone else. Until I learned why: they’re not looking for the best price. Agents freely share that approximately 90% of their policies are issued through one insurance carrier.

Symmetry offers “mortgage protection life insurance,” which is no different than simple term life insurance, (both pay out benefits without any tie whatsoever to a mortgage). The “mortgage protection” element is purely an effective marketing angle that helps potential clients realize their home (and greatest asset) would be in jeopardy should they die, and life insurance can protect it. “Mortgage protection” is simply a ploy that helps increase life insurance sales. However, beneath the surface lurks a problem unbeknownst to clients, mortgage protection life insurance comes at a cost given it’s more expensive than term life insurance... for the same product.

Symmetry agents are clearly taught that they get “one chance” at a potential client, knowing that if they don’t close the deal in one shot, it’s over. Why? Because, unless forced by competition, Symmetry is not trying to sell at the lowest price.


When I inquired why Symmetry does not push products with the best rate, the reply was that “you can sell those policies, but they don’t pay near as much commission.” The bottom line is that the mortgage protection angle is effective at closing deals with a higher premium, complete with a higher commission to the agent. In the insurance industry this presents a significant challenge given agents have a fiduciary responsibility to reveal ALL information to their clients so they are able to make an informed decision.

Symmetry agents have access to provide policies with equal death benefits and lower premiums, but whether naïve or cunning, fail to represent this to their clients. They claim to offer the products of several dozen insurance carriers, but generally push only one - which ironically happens to be the carrier that pays the highest commission in a lump up-front sum.

Symmetry agents claim to be brokers researching the best product for their clients, but then take a one-size-fits-all approach to place their interest above the clients. A potential client is left reliant upon trusting the Symmetry agents professional advise when the reality is that one thing is being told to them, and another thing is being done.

One might argue that a potential client, like buying anything, should compare a policy offered by a Symmetry agent. Although true, the breach occurs when a Symmetry agent is claiming to provide this “comparative service” for the client, when they are not.


Symmetry neither employs agents nor compensates them. Agents are paid directly by insurance carriers. Symmetry positions themselves to the agents as a sales and marketing consultant as well as a corporate-brand identity. Possibly this disconnected structure buffers their liability of deploying hundreds of naïve or cunning agents into people’s homes, equipped with scripts that reinforce the dysfunction, without anyone monitoring the ethical wheel.

Multi-level Marketing companies are typically full of good, decent, often faith-based, hard working people simply trying to earn a living. Symmetry seems to be no different. Agents are simply following a system that holds the promise of making lots of money and building a successful business. They blatantly flaunt the moneymakers and encourage that everyone can achieve the same by merely following the system. My sense is that most if not all their agents are oblivious to the unethical dysfunction of Symmetry’s business practices.

Just because they’re getting away with it, doesn’t mean it’s ethical.