WFG or Primerica? What better options are there?

Jan 10, 2019

  1. Chaliaaaj
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    Chaliaaaj Expert

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    For me to mentally understand. What are you implying?
     
  2. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    You're trying to pre-label me and assign a value to my work based on my company affiliation or representation.

    You're looking to respond to whatever I write with "Oh, you're with them" or "Oh, you're one of those."

    I don't play that game. :)
     
    DHK, Apr 8, 2019
  3. Chaliaaaj
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    Chaliaaaj Expert

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    Well, you're the one who starts the mocking of other Broker Dealers, so why not know which companies you represent. Why is it such a mystery?
     
  4. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    Because the knowledge and wisdom I bring to my clients is FAR more valuable than the products I sell and the companies I represent.

    You'll actually have a far better career once you realize that the REAL pecking order is:
    1. Clients
    2. Agents/advisors
    3. Companies

    Companies would have you think THEY are #1 and "they" are out saving the world.

    Not true.
     
    DHK, Apr 8, 2019
  5. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    I've been mocking insurance company CULTURES within the "MLM" sphere.

    Which broker/dealer was I mocking? I can mock them all due to their over-burdensome compliance issues with their precious Series 6, 7, & 63.

    Of course, it's easier to mock when you've HAD those licenses.
     
    DHK, Apr 8, 2019
  6. BADTROUT
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    BADTROUT Guru

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    Getting back to the original question:
    WFG or Primerica? What better options are there?
    I think its as simple as this... Please bear in mind im not talking about all that fancy variable 6, 7, and 63 rubbish, I leave that to the smart guys in the room. I'm talking life insurance.

    When you are independent you can choose your distribution channel, you can negotiate your commission directly with a carrier or you can choose to work with one or many brokerages (Me personally, I like Brokers Alliance) and negotiate a great commission rate with them. You have a selection of carriers with independence like this:

    Northwestern Mutual
    Lincoln Financial
    New York Life
    MassMutual
    Prudential Financial Inc.
    John Hancock
    Transamerica
    Pacific Life
    Metlife
    AIG
    Guardian
    AXA
    Brighthouse Financial
    Protective
    Sammons Enterprises Inc.
    Voya Financial Inc.
    Nationwide
    Torchmark Corp.
    Penn Mutual
    Securian
    Mutual of Omaha
    Principal Financial Group Inc.
    Western & Southern Financial
    Genworth
    National Life Group
    Legal & General
    Zurich
    Lincoln Benefit Life Co.
    RiverSource
    USAA
    Ohio National
    Talcott Resolution
    OneAmerica
    Allianz
    Aflac
    Allstate Corp.
    Global Atlantic
    Southern Farm Bureau Life Insurance Co
    Jackson
    Great-West
    CNO Financial Group
    American National
    Unum Group
    Ameritas
    Nassau Re
    TIAA
    Symetra
    Lincoln Heritage Life Insurance Co.
    Wilton Re
    AAA Life Insurance
    Sun Life Financial
    CUNA Mutual
    American Family Life Insurance Co.
    COUNTRY Financial
    Fidelity & Guaranty Life
    Kemper
    National Western Life Grp Inc.
    Iowa Farm Bureau Federation
    SB Mutual Life Insurance Co. of MA
    Kansas City Life Insurance Co.
    Security Mutual Life Insurance Co. NY
    Cincinnati Life Insurance Co.
    Athene
    Americo
    iA Financial
    Assurant
    Pan American Life
    Columbian Mutual Life Insurance Co.
    National Guardian Life Insurance Co.
    Erie Family Life Insurance Co.
    Indiana Farm Bureau
    Physicians Mutual
    Cigna
    American Fidelity
    Federated Life Insurance Co.
    Alfa Life Insurance Corp.
    Boston Mutual
    Tennessee Farmers Life Insurance Co.
    Shelter Life Insurance Co.
    Fidelity Life Assn.
    Auto-Owners Life Insurance Co.
    Assurity
    The Baltimore Life Insurance Co
    Citizens
    Amica Life Insurance Co.
    Prosperity Life Insurance Group LLC
    Michigan Farm Bureau
    Pekin Life Insurance Co.
    Chubb
    Global Bankers Insurance
    UnitedHealth Group
    CVS Health Corp.
    American Enterprise
    Security National Financial
    Foresters Life Insurance & Annuity Co.
    USHEALTH
    Illinois Mutual Life Insurance Co

    @webestrian You can choose to represent just about any one of them with no problem. As a matter of fact, you can even recruit agents to work underneath your master code and start your own micro MLM if that's what makes sense to you, or you could simply represent your clients in the best light without having to pay to go to training events and the like. I think with a resounding majority you will find that you will meet far more successful people outside of the nearly cultish feel you get from an organization that spends more time selling the dream than taking care of their retail client's needs. There are good apples you can pick off the ground, but most end up with worms, so I would start at the tree. Start your own agency, get some carriers, and roll with it.
     
  7. Cornelius
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    A great read. One thing that opened my mind to the potential kool aid effect was the lack of outside education when I was with another organization.

    I once asked a rep where is your loyalty? To the company, your RVP, or your family? Guess who in the big picture came in last?
     
  8. FRJ
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    FRJ Super Genius

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    I believe that the bashing is more of an attempt to protect or warn the noobs that might come across this thread and are considering joining one of these MLM-type firms. If we can save one poor soul from getting bent over and done raw...well, we've done a great service. I started my career with a 3-month stint at a firm that also has a horrible rep (w/ agents) and I would hate to see others suffer the same ordeals.
     
    FRJ, Apr 10, 2019
  9. BADTROUT
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    Said perfectly... People CAN be successful in ANY environment, it's not that there is bashing of anyone's success... It's more the preying on the naive first timer rather than someone with experience and in the know. How many people do you meet having had a 10-15 year stint anywhere indy that say "man, I gotta get on with Primerica, what an opportunity!" It's the ones that go and interview that are brand new and have no idea about ALL of their options before choosing a path. as @FRJ said... it's that one poor soul, not the whole bloody outfit. Giving a new person the GREATEST opportunity for sustained success is what I think a good many of us care about the most, not bashing a company, just the culture.
     
  10. toolbelt
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    You mean MLMs that use insurance as the bait to churn n burn?
     
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