I am with WFG. Let me correct you on the comment about the lack of product education! If you are familiar with their system, you would. know all the carriers(+70 of them) have 4-5 webinars and classes a week.. just imagine how much product training is available to the agents, so if someone says it's all recruiting, I'm sorry, but that's a lie or misunderstanding! And also, my sales ratio is way higher than my recruiting! and I love it!
Let me correct you on something, the biggest problem with IUL is the carrier training being trash. If there is so much product training, why have I yet to meet a single leader who actually understands IUL in depth?
@@LIFE180 So I don’t understand. Once you bring up no training as a negative point for a platform, and then accuse too much training? Carrier training is trash? So you mean people from the companies who are directly trained by designers of the products can’t train people properly? And maybe you can? It just doesn’t make sense! I believe those who understand the products don’t take time off trying to convince you otherwise! And I just came across your video accidentally and I wanted to tell you PLEASE DO NOT GENERALIZE people’s shortcomings to the entire firm thank you
GFI has a CFT sign off process where they HAVE to be competent to sell policies to go sell on your own. We match up all the new recruits with all the CFT’s so they learn how to sell and get compensated while they learn.
What does competency mean? I haven't met anyone from GFI or WFG who truly understands all the moving parts of IUL. They are taught how to sell based on a presentation, that's it....
@@LIFE180 we have 10 product trainings a week, PLUS we go through all the fees and show statements that PROVE that they are performing well, we teach how to properly fund and how to properly structure a policy. We talk about surrender fees and how they work, we go through everything with our agents. We also don’t JUST sell IUL, we sell term, we do annuities, we do whole life and much more. Building an agency is the way to build passive income and that’s why we recruit JUST like your company. We DO NOT encourage agents to just go sell if they are not signed off to go sell. However while they are learning, the trainer HELPS them build an agency and match up their agents with certified trainers and because the new agent is licensed they get compensated on the sales that come from the sells that the certified trainers do. We train and equip. You have a much slower process and that’s why we will SMOKE your company! I would LOVE to see the success of your agents vs ours. Please do a video on THAT!
@@LIFE180 how about you do a video on the success of your agents vs our agents? How about you compare your company value vs others? That would be a REALLY interesting video to watch!
I'm under Exertus. Our comp plan is way more simpler than all 3. We start at 50% and we only have 3 levels. Level 0 is 50% you can work independantly and make just as much or close as any marketing director in all 3 Level 1 is 60% which only requires 2 directs and 3 policies sold in 30 days only Level 2 is 70% which only requires 4 directs and 6 policies sold in 30 days only Level 3 is 80% which only requires 12 directs and 18 policies in 90 days Extra compensation can take you to 120& Also, Series 6/7 license is OPTIONAL. We dont push people to take it and you can still hit these Levels above. And you also create Equity in the company which means you can own a piece of the company as you Level
@@LIFE180 The topic is about compensation plans. Not products. The comp plans you compared are great but those companies are out-of-date. There are much simpler and manageable plans out there like Experior and Exertus.
@SFPBLGG fair enough. There is obviously more to the company that just the comp plan too. Also, the products being sold drive the comp plan. IE: IUL provides higher commission rates than WL so commission rates on the top end will be higher (using your 120% bonus example). Final expense pays super high, as well. So you have to take everything into consideration
This is unbelievable wild.... I thought WFG also distribute Whole Life and Term Insurance (diversified platform), I also thought they distribute Investment products ..I didn't know that WFG has an IUL product( I thought they don't own any product) but more like a distribution agency... I thought the alternate promotion guideline meant you don't have to recruit to get to SMD, which would avoid the MLM route... Am I missing something here ?
@@LIFE180you are incorrect there. WFG in Canada offers a wide range of products (none of their own products) they work with companies like IVARI, Manulife, Foresters, Equitable Life, La capital. And they offer many different products and services such as mortgages, debt solutions, investments (RRSP, TFSA, FHSA, RESP, RDSP) , all types of insurance (health, critical, disability, travel, term, whole life, and UL) That is what wfg offers in Canada , you can not say that all they offer is iul Now let’s talk about the states, also work with many companies to name a few (Transamerica, nationwide, pacific life) - not just ONLY selling IUL. In the USA depending on licensing you have wide range of investment you can offer as well too.
Because it's a joke.....and I have addressed it plenty. Once again, LIBR has been around 13 years. Show me one person using it and it is providing what it was illustrated to provide when the illustration was created. Until then, please just stop talking
@@LIFE180my take is that your family will be orphaned with no agent to help with the claim and they have to call an 800 number and figure it out on their own as well. Claims can be delayed without professional help and follow up
This video is just dumb and very misleading. There are business concepts and ideas someone has to understand. Waste of a hour of time for anyone watching. And waste of your time to spend all this time talking about others .
Is it really? A waste of time? There is really not any more you need to understand conceptually.... 1. All 3 companies sell IUL, which is a misleading product. 2. In 1,000's of conversations with agents from these companies (including leaders), nobody understands truly how IUL works, they just teach how to sell on a PowerPoint presentation. 3. Agents are taught to believe that this MLM model is the only way to go if you want to build a business in the life insurance space.
How can you say these big leaders like Ed mylett, Patrick, Eric don’t understand the products? 1. They all have these products 2. They have been in the business 10 plus years, they have paid out many claims. If they were scamming people do you think those families would be getting their claims paid? I think it’s very low level for you to “assume” these things. Even during this video you say “oh I don’t know what that means, or I don’t understand what that means” as your trying to rip apart the compensation of these companies 😂 Dude why don’t you try to just focus on your business rather then ripping down other companies Also you saying you opened an agency, your telling me your not making a cut from your agents 😂😂
Paying claims on people who die is one thing....having the policy perform as a cash value asset while you're alive (like WFG, PHP, and GFI agents sell it) is a completely different thing. They are hurting people. That's a fact. History shows it. I have no issues with people making overrides. That's always been the way the life insurance industry (and all financial services for that matter) works. But when the compensation plan requires you to recruit to get comp increases, there is a moral hazard built into that....and people get hurt in the process.
So much misleading info on here. Also “first 60 days” doesn’t mean when you first join. You’re misleading people. Also you are wrong on overrides and contracts. Do more due diligence and present factual information
If I am wrong on overrides and contracts, speak specifically on how I am wrong. Rather than just making a dumb comment like that and not giving and context or backing it up. Or was that the intention?
I am with WFG. Let me correct you on the comment about the lack of product education! If you are familiar with their system, you would. know all the carriers(+70 of them) have 4-5 webinars and classes a week.. just imagine how much product training is available to the agents, so if someone says it's all recruiting, I'm sorry, but that's a lie or misunderstanding! And also, my sales ratio is way higher than my recruiting! and I love it!
Let me correct you on something, the biggest problem with IUL is the carrier training being trash. If there is so much product training, why have I yet to meet a single leader who actually understands IUL in depth?
@@LIFE180 So I don’t understand. Once you bring up no training as a negative point for a platform, and then accuse too much training? Carrier training is trash? So you mean people from the companies who are directly trained by designers of the products can’t train people properly? And maybe you can? It just doesn’t make sense!
I believe those who understand the products don’t take time off trying to convince you otherwise! And I just came across your video accidentally and I wanted to tell you PLEASE DO NOT GENERALIZE people’s shortcomings to the entire firm
thank you
GFI has a CFT sign off process where they HAVE to be competent to sell policies to go sell on your own. We match up all the new recruits with all the CFT’s so they learn how to sell and get compensated while they learn.
What does competency mean? I haven't met anyone from GFI or WFG who truly understands all the moving parts of IUL. They are taught how to sell based on a presentation, that's it....
@@LIFE180 we have 10 product trainings a week, PLUS we go through all the fees and show statements that PROVE that they are performing well, we teach how to properly fund and how to properly structure a policy. We talk about surrender fees and how they work, we go through everything with our agents. We also don’t JUST sell IUL, we sell term, we do annuities, we do whole life and much more.
Building an agency is the way to build passive income and that’s why we recruit JUST like your company. We DO NOT encourage agents to just go sell if they are not signed off to go sell. However while they are learning, the trainer HELPS them build an agency and match up their agents with certified trainers and because the new agent is licensed they get compensated on the sales that come from the sells that the certified trainers do. We train and equip. You have a much slower process and that’s why we will SMOKE your company! I would LOVE to see the success of your agents vs ours. Please do a video on THAT!
@@LIFE180 how about you do a video on the success of your agents vs our agents? How about you compare your company value vs others? That would be a REALLY interesting video to watch!
@@joserios4024 I am happy to do that.
@@LIFE180are you saying you’ve met all 13,000 GFI agents and none of them understand the products? I find that very hard to believe 😂
I'm under Exertus. Our comp plan is way more simpler than all 3. We start at 50% and we only have 3 levels.
Level 0 is 50% you can work independantly and make just as much or close as any marketing director in all 3
Level 1 is 60% which only requires 2 directs and 3 policies sold in 30 days only
Level 2 is 70% which only requires 4 directs and 6 policies sold in 30 days only
Level 3 is 80% which only requires 12 directs and 18 policies in 90 days
Extra compensation can take you to 120&
Also, Series 6/7 license is OPTIONAL. We dont push people to take it and you can still hit these Levels above.
And you also create Equity in the company which means you can own a piece of the company as you Level
@@SFPBLGG still selling IUL....that's a problem
@@LIFE180 The topic is about compensation plans. Not products. The comp plans you compared are great but those companies are out-of-date. There are much simpler and manageable plans out there like Experior and Exertus.
@SFPBLGG fair enough. There is obviously more to the company that just the comp plan too. Also, the products being sold drive the comp plan. IE: IUL provides higher commission rates than WL so commission rates on the top end will be higher (using your 120% bonus example).
Final expense pays super high, as well.
So you have to take everything into consideration
Have you analized Experior yet? I am an E.D. with Experior.
I haven't heard of them
Experior is a Canadian company, seems like they only really focus on companies in the USA
@@hrvfinancial experior is a joke.
This is unbelievable wild.... I thought WFG also distribute Whole Life and Term Insurance (diversified platform), I also thought they distribute Investment products ..I didn't know that WFG has an IUL product( I thought they don't own any product) but more like a distribution agency... I thought the alternate promotion guideline meant you don't have to recruit to get to SMD, which would avoid the MLM route... Am I missing something here ?
There is no way you are hitting SMD with no recruiting....and IUL is the foundational product of their entire company ...
@@LIFE180you are incorrect there. WFG in Canada offers a wide range of products (none of their own products) they work with companies like IVARI, Manulife, Foresters, Equitable Life, La capital.
And they offer many different products and services such as mortgages, debt solutions, investments (RRSP, TFSA, FHSA, RESP, RDSP) , all types of insurance (health, critical, disability, travel, term, whole life, and UL)
That is what wfg offers in Canada , you can not say that all they offer is iul
Now let’s talk about the states, also work with many companies to name a few (Transamerica, nationwide, pacific life) - not just ONLY selling IUL. In the USA depending on licensing you have wide range of investment you can offer as well too.
@@LIFE180 Entire? - I am a SMD and I never sold an IUL nor do I have capacity to... Canadians also watch these video.. FYI
You always point out the Loans during the "retirement years" but you never talk about the LIBR!!!!
Because it's a joke.....and I have addressed it plenty. Once again, LIBR has been around 13 years. Show me one person using it and it is providing what it was illustrated to provide when the illustration was created. Until then, please just stop talking
I'm with GFI and you can write your own policy and get paid.
Right. Someone said you "can", but it isn't encouraged. Your take on that?
@@LIFE180my take is that your family will be orphaned with no agent to help with the claim and they have to call an 800 number and figure it out on their own as well. Claims can be delayed without professional help and follow up
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This video is just dumb and very misleading.
There are business concepts and ideas someone has to understand.
Waste of a hour of time for anyone watching. And waste of your time to spend all this time talking about others .
Is it really? A waste of time? There is really not any more you need to understand conceptually....
1. All 3 companies sell IUL, which is a misleading product.
2. In 1,000's of conversations with agents from these companies (including leaders), nobody understands truly how IUL works, they just teach how to sell on a PowerPoint presentation.
3. Agents are taught to believe that this MLM model is the only way to go if you want to build a business in the life insurance space.
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?
How can you say these big leaders like Ed mylett, Patrick, Eric don’t understand the products?
1. They all have these products
2. They have been in the business 10 plus years, they have paid out many claims. If they were scamming people do you think those families would be getting their claims paid?
I think it’s very low level for you to “assume” these things. Even during this video you say “oh I don’t know what that means, or I don’t understand what that means” as your trying to rip apart the compensation of these companies 😂
Dude why don’t you try to just focus on your business rather then ripping down other companies
Also you saying you opened an agency, your telling me your not making a cut from your agents 😂😂
Paying claims on people who die is one thing....having the policy perform as a cash value asset while you're alive (like WFG, PHP, and GFI agents sell it) is a completely different thing. They are hurting people. That's a fact. History shows it.
I have no issues with people making overrides. That's always been the way the life insurance industry (and all financial services for that matter) works. But when the compensation plan requires you to recruit to get comp increases, there is a moral hazard built into that....and people get hurt in the process.
As a GFI agent I agree, I’m so sick of the lack of education and their meeting rants not to mention I haven’t seen a comp plan, help me please
So much misleading info on here. Also “first 60 days” doesn’t mean when you first join. You’re misleading people. Also you are wrong on overrides and contracts. Do more due diligence and present factual information
If I am wrong on overrides and contracts, speak specifically on how I am wrong. Rather than just making a dumb comment like that and not giving and context or backing it up. Or was that the intention?
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