This is based on a history of engaging with people on his WFG team. And I'm not making generalizations. I'm being very specific. He needs to use his words more responsibly. They are very misleading. That's very normal with MLM's though
When you show them what is written in their contract they say that is not true or they will say it does not apply to EMD. Why so are they better than you? why not an equal opportunity?. But when you say ok then show me the EMD contract, nobody want to show it do you or they say you are being disrespectful or you are bashing them. So basically you should just do as they say and believe all what they tell you. RED FLAG
Hi I am contracted with am IMO that just does final expense they are a.grrat group but I would like to do medical term and whole life insurance. How do I contract with Life180?
I think your more concerned in the MLM business model more than the insurance aspect of GFI. Your right! I have an accounting degree and understand the numbers and floors. I find this model better for me since it is a plug and play IMO. I have insurance experience so I know how tough the industry can be. What are your thoughts about my statement ?
@@benitotellez822 nope....I am more concerned with IUL than I am the IMO. If your an accountant, you should be able to see right through the numbers in IUL illustrations.
@@benitotellez822 I would be happy to do an evaluation video for you. Send your best IUL illustration showing income. I'll show you all the misleadings.
@@LIFE180 Would I be able to email you the IUL illustrations? Also, I have yet to enter the life insurance industry. I am seeking information from experienced professional. Would you provide a breakdown video comparing a non MLM IUL policy with an MlM IUL policy ? I believe showing the comparison will empower everyone to ask intelligent questions about IUL policies.
Ethos is a technology platform that partners with insurance companies. Ethos doesn’t issue their own exact products. GFI mostly sells IUL independent of Ethos. But you wouldn’t know that cause you don’t do your due diligence. You just take shit and run with it.
Oh, I am aware of that. You are missing the point....it's the focus of Eric that is the problem. The attention isn't ever in really helping people....it's on making money and getting paid fast. I've seen so many videos now.....
@@LIFE180people who get paid fast are one off situations. Trust me the intention is on helping people. If someone does Ethos is generally to get a term and it’s generally someone who would not qualify with any of the bigger more known carriers. You read too much into the videos you see. What you see in the videos is more in addition to.
Due Diligence @TheOpinionSport lol GFI has already been put on a 90 day probation by there main IUL provider for bad practices. I think that is the point Chris is making. But Hey you people dont pay attention anyways. Hence the 90 probation for bad practices. Maybe you should due diligence as well.
@@sheldongaines1220 Main IUL provider?? Man get out of here that is not GFI main IUL provider. In fact GFI does not have a main IUL provider. You should do your due diligence. And GFI overwhelm them with policies. Do your research before you speak!!
GFI works with a bunch of A rated companies and offer the best products to our clients. Ethos is mainly used for term insurance that comes with a free trust and will. When we help clients with IULs we use other companies, and we teach our clients how to structure it correctly, minimum DB, and max fund their policies. These guys DO NOT KNOW ANYTHING about GFI and they are just making assumptions… SMH… guess some people have nothing else better to do than to talk bad about others.. that shows their true character..
Pretty sure the primary product talked about in the video we broke down was IUL. Wanna sell term with Ethos, don't give a crap because it won't hurt the client. IUL can and most likely will. And you're talking about assumptions. Really? IUL is nothing but a massive assumption. Just stop.
@@themillennialwealthcreatorall you have is assumptions with IUL but you have no real examples of what is actually happening based on annual statements…. Sit down and be quiet!
Actually I’ve had clients that really wanted life insurance and COULDN’T get approved with any other company and they were approved INSTANTLY with Ethos. So is that the right thing for the client or not? Those clients that got approved are so thankful for a company like ethos!! I would be careful talking negatively about a company you know nothing about and a person you don’t even know! But it seems that’s common for you to to do…
I actually know a fair amount about Ethos. There is a place for some of their products, for sure. My big problem is the positioning of GFI as "financial education and empowerment" then partnering with a company focused on getting you paid fast. Eric speaks out of both sides of his mouth in this video... Ethos' IUL is TRASH, as well. Worst than most.
Better read the fine print. There are clauses in the contract that give instant issue policies a way to avoid paying out and even void the policy under certain conditions, for example: when medical history changes or certain diagnosis become known.
@@jeremy.geronimo really? I'm going to have to look at this. I assumed that if people were approved they were at least guaranteed to STAY approved as long as premium payments are made. Do you have a specific example you can share?
@@LIFE180 We work with 25 + A Rated companies that allows us to find what is best for the client. We are not just partnered with Ethos. Even though they are a great technology platform revolutionizing how life insurance is distributed. If a client is approved instantly then of course the agent would be paid faster than if underwriting takes 4 months. We always do what is best for the client 100% of the time. Thats why my business persistency is over 95%! And over 90% company wide!
Hearing the stuff being said, and working under Eric in the past, and having worked with some of his "leaders", I can tell you the majority of his hierarchy over sells the opportunity and products. They have been getting better on transparency. But the level they are at now from a product side, should have been solved over a decade ago. So much hype, yet so little substance half the time.
Dig deeper? Like what? You want me to go into the compensation plans? How do I need to dig deeper when this dude speaks out of both sides of his mouth? One minute it's, "we are all about financial education" The next minute..."get your license, set an appointment, and get paid in 1 day" TOTALLY OPPOSITE VALUES in those 2 statements. ZERO chance this guy means what he says. I would be happy to have a live conversation about it with him.
What’s wrong with it being about financial education AND getting people paid? You think doctors go save lives for free? Why does it have to be one or the other?
@@lesliewhigham9467 Because the way life insurance works a specific way.... Policies that get you paid QUICKLY always have a cost associated with them.... Unless it is a final expense guaranteed issue situation, which is not the target market of GFI (let's be real), you trying to be paid fast is going to carry an additional expense to the detriment of the client. The fact I need to explain this is kind of crazy to me... Express issue carries more risks...they charge more for the insurance. Especially the IUL policies with Ethos...be vary careful with those. Look at the costs compared to other IUL.
Can you guys do a video with Doug Andrew and discuss the topic of IUL with him ? I think it would be a good video to see professionals that believe in different strategies share their point of view and see if they can agree or reach common ground from different stand points.
I have plenty of positive videos. The only negative I talk about is GFI, WFG, PHP, PFA and other IMO's that are horrible and full of moral hazards. And that's only because I know too much to fall for the BS
I had the opportunity to meet Matt one on one on a zoom call about your company. And like what you guys all about. And looking forward to take and passing the test. To be affiliated with Life180
Mud slinging? I mean, it's hard to talk positively about a biz model that is so misrepresentative, full of hype, and little actual substance. Selling IUL under the guise of "financial education"
You should just ask Eric Olson to come on the show and teach you guys how he does it. IUL vs Roth IRA. Sound like Micheal didn't really build anything sound like Micheal just quit! Don't ever listing to quitter!
As a tax strategist an IUL is the last recommendation for tax free growth, its only for high net worth clients that need an additional tax strategy not for the average w2 American
why you guys don't go to this events and talk to him and others come on figure it out from the horses mouth,i challenge you to look more into it, all of the companies that we get appointed gives us in depth training see how we all get train you are herring that 30 minute mark the wrong way aim 56 years old and still learning from all this company's guys got great respect for you guys but look into it directly come on.
This is the same BS statement I heard from you GFIers when you were with WFG.... And I have news for you....training that the companies give you on IUL is NOT "in depth" - that I promise you. I am happy to have a conversation with Eric Personally. Anyone can email Chris@LIFE180.com and set it up
GFI was already put on 90 day disciplinary for bad practices. Maybe you should get better training. I wonder how many other companies have to. One person has an opinion and the whole team comes blasting. Lol.
What's your business model? Do people who recruit gain anything from that? I'm under the assumption that you can recruit 100 people, but if you don't train them and have them sell then recruiting doesn't do anything.
Of course you can recruit, you're just not required to. When/if you do, you over-ride them and your entire team. For leaders there is a bonus pool of profit share of the entire agency. And for big producers and team builders, there is the chance to earn equity. Oh yeah, all of your business is paid directly from the carrier so you are truly independent, not assigning your business to LIFE180 like the way GFI does.
@@LIFE180can you please tell me what’s wrong with IUL? I have studied it and I don’t see anything wrong with IUL but I just joined GFI and I do see some issues with the marketing schemes they use
@@ArsenioLight what exactly do you disagree with? What about IUL is good? Check out my video that came out yesterday and tell em what you think then. I'm just saying facts.
Really? I'm just jealous? Haha. No...I just know how many people are getting hurt buying IUL from GFI and I feel a responsibility to expose it. I couldn't care less about their biz model....I've don't tons of consulting with MLM and have no problem with it - until you combine financial coaching with hype and products that are misrepresented. I bet you don't even fully understand what you are selling, do you?
It makes me sick to hear Eric speaking. Culture yeah right. They want a zombie culture listen and do as we say don't ask question, do not question what is written in the contract. If you ask question they will say you are not the right fit for us. So they want zombies not real agent. Most people i have spoken with from this company they followed their upline from WFG. They thinking their upline love them and will disregard the contract if something happens to them. This is a business not a family. Eric is building this for him and his family.
i’ve been satisfied with the intro the GFI but you’re right as far as education they make it very clear that it’s up to you to learn what you’re selling. which can be overwhelming for people that don’t know where to start aside from getting licensed.
Too many people make their decidions based on other people’s opinions….I recommend getting the facts. Why don’t you ask Peter Colis, founder of Ethos what he thinks about GFI’s future? Peter Colis is a Billionaire! Be very careful who you listen to before jumping onboard with someone elses ridiculous opinions.
I couldn't care less about Ethos' founders perspective. Notice I didn't say anything on if GFI will be successful in growing or not...sadly, my guess is that they will. Ethos also partners with FFL and other similar companies. This arrangement with GFI isn't anything special. Selling IUL products designed to be sold on a 1 call close mindset is ALWAYS going to be dangerous and NEVER going to be in the best interest of the clients.. BUT, people will make a lot of money in the process...but that money will be made on the tears of their clients long term
I thought Ethos did more term, whole life and final expense? Not IUL, I agree selling an IUL or any plan takes time to plan. I’m not in GFI, but I am in WFG. One thing is a company stands for one thing is the leadership that you choose to follow and learn. I’m thankful I learn the ins and outs of an IUL, WL, Term and even securities products. So yes I agree breaking down the product is so important and how it used. But what I disagree is that if one person does everyone in that company does it. Not defending GFI but more of the industry. If person hates certain product that’s no different than some of other companies that hate permanente products but love term products. These products were made for a reason. I have been taught there is isn’t a good or bad product. All products were made for a reason to be used correctly. Always do the research.
The guy who said 90% of people who join mlm wont make money, man he don’t know what he talking about. 90% of people in the industry period won’t make money. The guy should Learn the the industry before he talks.
That's acceptable to you? 90% failing? Maybe you should stop recruiting everyone you can to hit your numbers and be a bit more discerning about who you bring into your business
Thats exactly why I left WFG. All they do is recruit. They dont care about there recruits. If they would assess who they recruit the turn around would be less. They paint a picture and thats it. Just talk dreams. The moment I needed help with anything they were to busy. Ive sold more myself. Learned more myself. And have no desire to build a team whos money I am taking and not helping. If you are successful at MLM, or any agencies mentioned throughout this video commentary. It means you are a master recruiter. Not a master salesman.
@@sheldongaines1220 well keep selling them but understand that’s what you will be doing forever. That why you can’t recruit because you can try to assess who you recruit all you want but you never know who is who until it’s time to do the work.
Cool story. Love the generalized, vague statement of how generalized it was. How bout you give some exact examples of how it was and I can get more specific for you?
Not an MLM, but an actual agency... Where agents don't get paid by LIFE180....they get paid by the carriers they sell through. Agents own their own business FROM DAY 1 You don't need to recruit for a pay increase - but you can recruit and build your own agency. We will also never make you give up your biggest leg (not sure if GFI does that life WFG or not?) because we are not built like an MLM... We focus on education around product, and not recruiting or just learning a sales presentation Essentially, we blend the newer model of independent agents with the old career model support. We actually want to build entrepreneurs...not just hype people about it, to control them in an MLM that they don't actually control anything (kind of like the reason Eric Olson left WFG)
At what level do you guys begin your agents ? What requirements need to be met to increase the comp? If not IUL’s then what do you guys recommend or offer?
We recommend different products for different situations... Whole life Annuities Cheap term Convertible term with participating Mutual company Living benefits term
Level depends on who you are and experience.... New agents getting started begin at 60% comp.... First pay bump comes super fast based on you commiting to your education and sales - not recruiting. I don't want you recruiting UNTIL you are able to have 100% confidence in yourself and what you are recruiting to. Financial services should never be handled like an MLM because peoples lives are impacted to heavily....
The guy wearing the ball cap and gamer mic really sounds like a hater. He asked how many plans sold were just to the agents. Dude most of the policies GFI sells is to non agents. That just how good GFI is. Trying to use an excuse as to why GFI is doing well.
I see you left WFG for GFI too 🤣🤣. You all speak up GFI so much....just like you did WFG. Like putting lipstick on a 🐷. You are still selling IUL and hurting people
@@LIFE180I’m not hurting anyone, sorry I know how to structure IUL and how to position the product. I have not received one phone call of anyone complaining. Nice try though.
The reason you havent got a call from anyone is because they wont notice until the Insurance companies sends them a letter stating the owe on their policy. You should stop replying to these video because your shooting yourself in the foot. Oh yeah. Your with GFI.
@@sheldongaines1220 a you should stop replying period because you I have already made you look bad. If you knew anything about IUL you would know the annual statement tells you how long you can go without paying into the policy before any lapse were to occur. Trust me you don’t wanna debate with me.
@@TheOpinionSports If majority of policies are sold to Non Agents then why create an MLM sturctured company? That doesnt make sense. They could have just became a GA and you could just focus on clients and sales. Get paid your full commissions and be happy. But that is MLM your client is your recruit. Thats how it works. You mean to tell me you are recruiting and selling separately. So your doing 5x more work for 30% of your money. You must be stupid. No wonder they recruited you. Cause your good at making them money.
Gonna take a bit. I just looked them over. First look, they are a tech company that allows agencies the access to their tech. But from what it looks like, it seems like an expensive option, but it depends on what you are looking for.... I'll dig deeper though
Man, it's too bad the Insurance Industry is not regulated, if it were, they'd make all the insurance companies stop providing that IUL product that hurts people, imagine the amount of IUL sold by these companies, there's got to be complaints enough to pull the product if it hurts everyone who has one 😂
@@LIFE180no it won’t. I have already proved you wrong. You said cap rates was coming down as soon as AG49B was introduced and we saw cap rates go up. And they went up because you don’t understand why they went up and I do.
@@TheOpinionSports yeah, AG49b was supposed to reign it in....we underestimated the insurance companies ability to pivot their illustration tactics that quickly....that's it. Your problem is, you sell a long term vision product....but you can't see the world beyond your outstretched arm...
@@LIFE180 but that’s what you aren’t understanding, a lot of companies didn’t pivot anything when AG49B came out. Many had illustrations already in line with what the regulations already were going to be. What you are talking about is the companies who are doing nefarious things in their IUL. They are whim has to pivot. Your bigger companies were alread illustrating the way it should be long before the new regulations.
Always good to get all the facts right. Do you do your due diligence? Are you thorough and accurate in all of your information? No siree. For those who seek truth, this isn’t it. You’re a good person but finding truth and declaring truth isn’t your strong point. Do a thorough discovery of facts, exactly what is being done and how. Then, come back and make your honest report. I challenge you to walk that road.
What discovery of facts did I get wrong here? Tell me what I said in this video that was not accurate? Please.... You make this comment like it should mean anything. I am pretty tired of people associated with the companies I am reacting to leaving comments like this, saying I have no idea what I am talking about and yet not giving even ONE specific example.... What would be an honest report? Want me to go through the recruiting process of GFI? They wouldn't let me because I would tear it up. I have talked to plenty of people. All I am doing here is calling a spade a spade and seeing through the BS to hopefully protect people from getting involved with this mess....
@@themillennialwealthcreator How can you share what you disagree with when his comment was nothing but hot air about "truth" and finding "facts?" It's like if I left a comment on this video talking about T-Rexes making the earth flat. It's a whole lot of nonsense.
Ethos also sells IUL....and they have simplified issue IUL. Regardless of if you are right or not and you use other companies, do you not see the problem in the way Eric Olson is positioning this entire this? His language use matters.
There system (or Software) compares IULs long term to 401ks. Lol. No fees, no actual accumulation in cash value, no cost summaries. And most of all if it does they aint showing it to you. The same way there not checkmarking boxes and providing output design in the illustrators. Now they dont even have to. They use that sofware to compare products and probably dont go over the full illustration at all.
![Cody Johnson - I'm Gonna Love You (with Carrie Underwood) [Official Music Video]](http://i.ytimg.com/vi/yy9PuYMU29g/mqdefault.jpg)
Educate yourself, you guys are generalizing big time! Making negative claims to people’s character. Wow what a waste of time!
This is based on a history of engaging with people on his WFG team. And I'm not making generalizations. I'm being very specific. He needs to use his words more responsibly. They are very misleading. That's very normal with MLM's though
When you show them what is written in their contract they say that is not true or they will say it does not apply to EMD. Why so are they better than you? why not an equal opportunity?. But when you say ok then show me the EMD contract, nobody want to show it do you or they say you are being disrespectful or you are bashing them. So basically you should just do as they say and believe all what they tell you. RED FLAG
Hi I am contracted with am IMO that just does final expense they are a.grrat group but I would like to do medical term and whole life insurance. How do I contract with Life180?
Go to Agent.LIFE180.com and set up an interview to see if it is the right fit.
I think your more concerned in the MLM business model more than the insurance aspect of GFI.
Your right! I have an accounting degree and understand the numbers and floors. I find this model better for me since it is a plug and play IMO.
I have insurance experience so I know how tough the industry can be.
What are your thoughts about my statement ?
@@benitotellez822 nope....I am more concerned with IUL than I am the IMO. If your an accountant, you should be able to see right through the numbers in IUL illustrations.
@@benitotellez822 I would be happy to do an evaluation video for you.
Send your best IUL illustration showing income. I'll show you all the misleadings.
@@LIFE180 Would I be able to email you the IUL illustrations?
Also, I have yet to enter the life insurance industry. I am seeking information from experienced professional. Would you provide a breakdown video comparing a non MLM IUL policy with an MlM IUL policy ?
I believe showing the comparison will empower everyone to ask intelligent questions about IUL policies.
Ethos is a technology platform that partners with insurance companies. Ethos doesn’t issue their own exact products. GFI mostly sells IUL independent of Ethos. But you wouldn’t know that cause you don’t do your due diligence. You just take shit and run with it.
Oh, I am aware of that. You are missing the point....it's the focus of Eric that is the problem. The attention isn't ever in really helping people....it's on making money and getting paid fast. I've seen so many videos now.....
@@LIFE180people who get paid fast are one off situations. Trust me the intention is on helping people. If someone does Ethos is generally to get a term and it’s generally someone who would not qualify with any of the bigger more known carriers. You read too much into the videos you see. What you see in the videos is more in addition to.
Due Diligence @TheOpinionSport lol
GFI has already been put on a 90 day probation by there main IUL provider for bad practices.
I think that is the point Chris is making.
But Hey you people dont pay attention anyways. Hence the 90 probation for bad practices.
Maybe you should due diligence as well.
@@sheldongaines1220 Main IUL provider?? Man get out of here that is not GFI main IUL provider. In fact GFI does not have a main IUL provider. You should do your due diligence. And GFI overwhelm them with policies. Do your research before you speak!!
GFI works with a bunch of A rated companies and offer the best products to our clients. Ethos is mainly used for term insurance that comes with a free trust and will.
When we help clients with IULs we use other companies, and we teach our clients how to structure it correctly, minimum DB, and max fund their policies.
These guys DO NOT KNOW ANYTHING about GFI and they are just making assumptions… SMH… guess some people have nothing else better to do than to talk bad about others.. that shows their true character..
Sure. I just know what I am hearing your leader say... Maybe he should be less hype and realize the consequences of his words...?
Pretty sure the primary product talked about in the video we broke down was IUL. Wanna sell term with Ethos, don't give a crap because it won't hurt the client. IUL can and most likely will. And you're talking about assumptions. Really? IUL is nothing but a massive assumption. Just stop.
@@themillennialwealthcreatorall you have is assumptions with IUL but you have no real examples of what is actually happening based on annual statements…. Sit down and be quiet!
@@TheOpinionSports You don't like assumptions? Presenting illustrations with an Average Rate of Return is an Assumption.
@@TheOpinionSports lol the irony that all you have to sell IUL is a bunch of assumptions 😂😂
Actually I’ve had clients that really wanted life insurance and COULDN’T get approved with any other company and they were approved INSTANTLY with Ethos.
So is that the right thing for the client or not? Those clients that got approved are so thankful for a company like ethos!!
I would be careful talking negatively about a company you know nothing about and a person you don’t even know! But it seems that’s common for you to to do…
I actually know a fair amount about Ethos.
There is a place for some of their products, for sure. My big problem is the positioning of GFI as "financial education and empowerment" then partnering with a company focused on getting you paid fast. Eric speaks out of both sides of his mouth in this video...
Ethos' IUL is TRASH, as well. Worst than most.
That's great, but we're talking about their IUL, not other traditional life insurance products.
Better read the fine print. There are clauses in the contract that give instant issue policies a way to avoid paying out and even void the policy under certain conditions, for example: when medical history changes or certain diagnosis become known.
@@jeremy.geronimo really? I'm going to have to look at this. I assumed that if people were approved they were at least guaranteed to STAY approved as long as premium payments are made. Do you have a specific example you can share?
@@LIFE180 We work with 25 + A Rated companies that allows us to find what is best for the client. We are not just partnered with Ethos. Even though they are a great technology platform revolutionizing how life insurance is distributed. If a client is approved instantly then of course the agent would be paid faster than if underwriting takes 4 months. We always do what is best for the client 100% of the time. Thats why my business persistency is over 95%! And over 90% company wide!
Hearing the stuff being said, and working under Eric in the past, and having worked with some of his "leaders", I can tell you the majority of his hierarchy over sells the opportunity and products. They have been getting better on transparency. But the level they are at now from a product side, should have been solved over a decade ago. So much hype, yet so little substance half the time.
So I'm looking to get in the industry. What product are you promoting
Properly designed whole life insurance.
You guys are throwing a bunch of opinions without getting the facts. Lots of speculation and assumptions here. Dig deeper!
Dig deeper? Like what? You want me to go into the compensation plans?
How do I need to dig deeper when this dude speaks out of both sides of his mouth?
One minute it's, "we are all about financial education"
The next minute..."get your license, set an appointment, and get paid in 1 day"
TOTALLY OPPOSITE VALUES in those 2 statements. ZERO chance this guy means what he says. I would be happy to have a live conversation about it with him.
What’s wrong with it being about financial education AND getting people paid? You think doctors go save lives for free? Why does it have to be one or the other?
@@lesliewhigham9467 Because the way life insurance works a specific way.... Policies that get you paid QUICKLY always have a cost associated with them.... Unless it is a final expense guaranteed issue situation, which is not the target market of GFI (let's be real), you trying to be paid fast is going to carry an additional expense to the detriment of the client.
The fact I need to explain this is kind of crazy to me... Express issue carries more risks...they charge more for the insurance.
Especially the IUL policies with Ethos...be vary careful with those. Look at the costs compared to other IUL.
@@LIFE180keep talking crap and we’ll just keep dominating.
@@joserios4024 haha, okay. Keep selling IUL and ruining people's retirement planning
Can you guys do a video with Doug Andrew and discuss the topic of IUL with him ? I think it would be a good video to see professionals that believe in different strategies share their point of view and see if they can agree or reach common ground from different stand points.
I've tried to set this up. He refuses. I think he knows nobody will buy IUL anymore if he does the live debate / convo
You guys better educate yourself. 😅Every time talking bad about other or products… 😂Nothing positive 😢
I have plenty of positive videos. The only negative I talk about is GFI, WFG, PHP, PFA and other IMO's that are horrible and full of moral hazards. And that's only because I know too much to fall for the BS
I had the opportunity to meet Matt one on one on a zoom call about your company. And like what you guys all about. And looking forward to take and passing the test. To be affiliated with Life180
Love it! Welcome to the movement!
It would be nice if there was some value in this video instead of just an hour and 22 minutes of mud slinging.
Mud slinging? I mean, it's hard to talk positively about a biz model that is so misrepresentative, full of hype, and little actual substance. Selling IUL under the guise of "financial education"
You should just ask Eric Olson to come on the show and teach you guys how he does it. IUL vs Roth IRA. Sound like Micheal didn't really build anything sound like Micheal just quit! Don't ever listing to quitter!
I have forgotten more about IUL than Eric knows. I am good.
@@LIFE180 if you know everything it's hard to be open minded. Good luck
As a tax strategist an IUL is the last recommendation for tax free growth, its only for high net worth clients that need an additional tax strategy not for the average w2 American
If anyone wants to know what's going on between GFI and WFG, Mckensy Long is reading the court documents here on RUclips.
Yes! And it is really good!
why you guys don't go to this events and talk to him and others come on figure it out from the horses mouth,i challenge you to look more into it, all of the companies that we get appointed gives us in depth training see how we all get train you are herring that 30 minute mark the wrong way aim 56 years old and still learning from all this company's guys got great respect for you guys but look into it directly come on.
This is the same BS statement I heard from you GFIers when you were with WFG.... And I have news for you....training that the companies give you on IUL is NOT "in depth" - that I promise you.
I am happy to have a conversation with Eric Personally. Anyone can email Chris@LIFE180.com and set it up
GFI was already put on 90 day disciplinary for bad practices.
Maybe you should get better training.
I wonder how many other companies have to.
One person has an opinion and the whole team comes blasting. Lol.
What's your business model? Do people who recruit gain anything from that? I'm under the assumption that you can recruit 100 people, but if you don't train them and have them sell then recruiting doesn't do anything.
Of course you can recruit, you're just not required to. When/if you do, you over-ride them and your entire team. For leaders there is a bonus pool of profit share of the entire agency. And for big producers and team builders, there is the chance to earn equity.
Oh yeah, all of your business is paid directly from the carrier so you are truly independent, not assigning your business to LIFE180 like the way GFI does.
@@LIFE180can you please tell me what’s wrong with IUL? I have studied it and I don’t see anything wrong with IUL but I just joined GFI and I do see some issues with the marketing schemes they use
Also IUl shouldn’t be sold to everybody people do need to make a certain amount of money so I disagree with what you guys are saying about IUL
@@ArsenioLight what exactly do you disagree with? What about IUL is good? Check out my video that came out yesterday and tell em what you think then. I'm just saying facts.
@@ArsenioLight check out this video. It'll explain a lot of what the problem is.
ruclips.net/video/nyy_uqJ6XOM/видео.html
You’re just jealous.
Really? I'm just jealous? Haha. No...I just know how many people are getting hurt buying IUL from GFI and I feel a responsibility to expose it. I couldn't care less about their biz model....I've don't tons of consulting with MLM and have no problem with it - until you combine financial coaching with hype and products that are misrepresented.
I bet you don't even fully understand what you are selling, do you?
It makes me sick to hear Eric speaking. Culture yeah right. They want a zombie culture listen and do as we say don't ask question, do not question what is written in the contract. If you ask question they will say you are not the right fit for us. So they want zombies not real agent. Most people i have spoken with from this company they followed their upline from WFG. They thinking their upline love them and will disregard the contract if something happens to them. This is a business not a family. Eric is building this for him and his family.
That is the truth. It's sad....
These guys sound like a bunch of disgruntled ladies. Don’t get mad because it’s becoming simplified.
what's becoming simplified? Nothing about GFI is simplified....it is misleading.
i’ve been satisfied with the intro the GFI but you’re right as far as education they make it very clear that it’s up to you to learn what you’re selling.
which can be overwhelming for people that don’t know where to start aside from getting licensed.
It'll be interesting to see how long that lasts. Most people have a hard time seeing through the hype....
Too many people make their decidions based on other people’s opinions….I recommend getting the facts. Why don’t you ask Peter Colis, founder of Ethos what he thinks about GFI’s future? Peter Colis is a Billionaire! Be very careful who you listen to before jumping onboard with someone elses ridiculous opinions.
I couldn't care less about Ethos' founders perspective.
Notice I didn't say anything on if GFI will be successful in growing or not...sadly, my guess is that they will.
Ethos also partners with FFL and other similar companies. This arrangement with GFI isn't anything special.
Selling IUL products designed to be sold on a 1 call close mindset is ALWAYS going to be dangerous and NEVER going to be in the best interest of the clients..
BUT, people will make a lot of money in the process...but that money will be made on the tears of their clients long term
I thought Ethos did more term, whole life and final expense? Not IUL, I agree selling an IUL or any plan takes time to plan. I’m not in GFI, but I am in WFG. One thing is a company stands for one thing is the leadership that you choose to follow and learn. I’m thankful I learn the ins and outs of an IUL, WL, Term and even securities products. So yes I agree breaking down the product is so important and how it used. But what I disagree is that if one person does everyone in that company does it. Not defending GFI but more of the industry. If person hates certain product that’s no different than some of other companies that hate permanente products but love term products. These products were made for a reason. I have been taught there is isn’t a good or bad product. All products were made for a reason to be used correctly. Always do the research.
@@josecepeda6379 ethos has partnered with Ameritas (maybe more?) and started offering IUL, also
@@josecepeda6379 further more, IUL was NOT made for the reason it is being sold. I urge you to dig a bit deeper that your own company training....
Man Chris doesn’t know what is the hell he is talking about and comes off a hater.
The guy who said 90% of people who join mlm wont make money, man he don’t know what he talking about. 90% of people in the industry period won’t make money. The guy should Learn the the industry before he talks.
That's acceptable to you? 90% failing? Maybe you should stop recruiting everyone you can to hit your numbers and be a bit more discerning about who you bring into your business
Thats exactly why I left WFG. All they do is recruit. They dont care about there recruits. If they would assess who they recruit the turn around would be less.
They paint a picture and thats it. Just talk dreams. The moment I needed help with anything they were to busy.
Ive sold more myself. Learned more myself. And have no desire to build a team whos money I am taking and not helping.
If you are successful at MLM, or any agencies mentioned throughout this video commentary.
It means you are a master recruiter. Not a master salesman.
@@sheldongaines1220 well keep selling them but understand that’s what you will be doing forever. That why you can’t recruit because you can try to assess who you recruit all you want but you never know who is who until it’s time to do the work.
Wow!!! What a misleading video! So many generalizations!
Cool story. Love the generalized, vague statement of how generalized it was. How bout you give some exact examples of how it was and I can get more specific for you?
That is fucking hilarious "Financial Transmitted Disease"! Oh my word, so hilarious!
hahaha, it just kind of came out....
Tell me How 85% is the highest contract in the industry. BS
It is total BS....
How is your company structured?
Not an MLM, but an actual agency...
Where agents don't get paid by LIFE180....they get paid by the carriers they sell through.
Agents own their own business FROM DAY 1
You don't need to recruit for a pay increase - but you can recruit and build your own agency. We will also never make you give up your biggest leg (not sure if GFI does that life WFG or not?) because we are not built like an MLM...
We focus on education around product, and not recruiting or just learning a sales presentation
Essentially, we blend the newer model of independent agents with the old career model support. We actually want to build entrepreneurs...not just hype people about it, to control them in an MLM that they don't actually control anything (kind of like the reason Eric Olson left WFG)
Eric Olson is terminated from WFG.
@@JuvyJohnson-xt4gw Yeah, we covered that. We have done several videos on this........look them up
Bonus pools were never taken away
At what level do you guys begin your agents ? What requirements need to be met to increase the comp? If not IUL’s then what do you guys recommend or offer?
Agent.LIFE180.com
We recommend different products for different situations...
Whole life
Annuities
Cheap term
Convertible term with participating Mutual company
Living benefits term
Level depends on who you are and experience.... New agents getting started begin at 60% comp.... First pay bump comes super fast based on you commiting to your education and sales - not recruiting.
I don't want you recruiting UNTIL you are able to have 100% confidence in yourself and what you are recruiting to. Financial services should never be handled like an MLM because peoples lives are impacted to heavily....
The guy wearing the ball cap and gamer mic really sounds like a hater. He asked how many plans sold were just to the agents. Dude most of the policies GFI sells is to non agents. That just how good GFI is. Trying to use an excuse as to why GFI is doing well.
I see you left WFG for GFI too 🤣🤣. You all speak up GFI so much....just like you did WFG.
Like putting lipstick on a 🐷. You are still selling IUL and hurting people
@@LIFE180I’m not hurting anyone, sorry I know how to structure IUL and how to position the product. I have not received one phone call of anyone complaining. Nice try though.
The reason you havent got a call from anyone is because they wont notice until the Insurance companies sends them a letter stating the owe on their policy.
You should stop replying to these video because your shooting yourself in the foot.
Oh yeah. Your with GFI.
@@sheldongaines1220 a you should stop replying period because you I have already made you look bad. If you knew anything about IUL you would know the annual statement tells you how long you can go without paying into the policy before any lapse were to occur. Trust me you don’t wanna debate with me.
@@TheOpinionSports
If majority of policies are sold to Non Agents then why create an MLM sturctured company?
That doesnt make sense. They could have just became a GA and you could just focus on clients and sales.
Get paid your full commissions and be happy.
But that is MLM your client is your recruit. Thats how it works.
You mean to tell me you are recruiting and selling separately.
So your doing 5x more work for 30% of your money.
You must be stupid. No wonder they recruited you. Cause your good at making them money.
Can. you do a review of the company Back Nine Insurance please
Gonna take a bit. I just looked them over. First look, they are a tech company that allows agencies the access to their tech. But from what it looks like, it seems like an expensive option, but it depends on what you are looking for.... I'll dig deeper though
I use them. Great tech, decent underwriting support, paid as earned, lowish comp 85% (but way higher than the MLMs) direct relationships with carriers
Man, it's too bad the Insurance Industry is not regulated, if it were, they'd make all the insurance companies stop providing that IUL product that hurts people, imagine the amount of IUL sold by these companies, there's got to be complaints enough to pull the product if it hurts everyone who has one 😂
You don’t know what in the Hell you are talking about.
They have been updating regulation (3 times in 9 years) with IUL. It'll change more and eventually the gig will be up
@@LIFE180no it won’t. I have already proved you wrong. You said cap rates was coming down as soon as AG49B was introduced and we saw cap rates go up. And they went up because you don’t understand why they went up and I do.
@@TheOpinionSports yeah, AG49b was supposed to reign it in....we underestimated the insurance companies ability to pivot their illustration tactics that quickly....that's it.
Your problem is, you sell a long term vision product....but you can't see the world beyond your outstretched arm...
@@LIFE180 but that’s what you aren’t understanding, a lot of companies didn’t pivot anything when AG49B came out. Many had illustrations already in line with what the regulations already were going to be. What you are talking about is the companies who are doing nefarious things in their IUL. They are whim has to pivot. Your bigger companies were alread illustrating the way it should be long before the new regulations.
Always good to get all the facts right. Do you do your due diligence? Are you thorough and accurate in all of your information? No siree. For those who seek truth, this isn’t it. You’re a good person but finding truth and declaring truth isn’t your strong point. Do a thorough discovery of facts, exactly what is being done and how. Then, come back and make your honest report. I challenge you to walk that road.
Bro you said a whole lot of nothing.
What discovery of facts did I get wrong here? Tell me what I said in this video that was not accurate? Please....
You make this comment like it should mean anything. I am pretty tired of people associated with the companies I am reacting to leaving comments like this, saying I have no idea what I am talking about and yet not giving even ONE specific example....
What would be an honest report? Want me to go through the recruiting process of GFI? They wouldn't let me because I would tear it up. I have talked to plenty of people.
All I am doing here is calling a spade a spade and seeing through the BS to hopefully protect people from getting involved with this mess....
Please, provide your honest report. What facts are missing?
@@themillennialwealthcreator How can you share what you disagree with when his comment was nothing but hot air about "truth" and finding "facts?" It's like if I left a comment on this video talking about T-Rexes making the earth flat. It's a whole lot of nonsense.
@@multimeter2859 if you don't know what you disagree with, why do you have such a problem with the video?
So now an MLM company is using a Fintech company to sell IULs what could go wrong?
That is not the only company we use. We use ETHOS for Term policies and we use other companies for IUL.
Ethos also sells IUL....and they have simplified issue IUL.
Regardless of if you are right or not and you use other companies, do you not see the problem in the way Eric Olson is positioning this entire this? His language use matters.
There system (or Software) compares IULs long term to 401ks.
Lol.
No fees, no actual accumulation in cash value, no cost summaries.
And most of all if it does they aint showing it to you.
The same way there not checkmarking boxes and providing output design in the illustrators.
Now they dont even have to. They use that sofware to compare products and probably dont go over the full illustration at all.
@@sheldongaines1220 😂😂😂. Keep the guessing game going. This is entertaining😂😂😂😂