Freedom Equity Group Review – Scam or Legit MLM?
Welcome to my Freedom Equity Group Review!
People have been speaking on this company for years.
I thought it was about time I covered there opportunity and put in my 2 cents about them,
Right from the jump, I feel pretty positive about this business. They been in game for awhile.
Even still, we never base our opinions off of something just off of what it looks like. I did some digging to make sure they were actually the real deal like everyone else is saying.
So listen up!
Freedom Equity Group Review
Like I said, they go way back! I’m talking 2002. They are a MLM that focuses on insurance. The fact that they are so old and still standing is already a good indicator that they are a thriving company.
Their team consist of the following members and they play the biggest role in Freedom Equity Group:
- Ron Bloomingkemper (Chairman)
- Ron Petrinovich (CEO)
- Bill St. Clair (President).
Of course it’s only natural that we dive into who these guys are exactly. Let’s start with Ron BloomingKemper.
He has been in the life insurance and annuity business for more than 40 years.
As an owner and co-build of National Marketing Alliance, which produced over 40 Billion in face amount of insurance, he helped create one the highest producing companies in the US.
All of this is coming from his bio providing by the company.
The three of these guys met up through National Marketing Alliance were they built a friendship that eventually lead to a business partnership.
In 1992, Bill began his working relationship with Ron Petrinovich, and Ron Bloomingkemper heading up the annuity division of National Marketing Alliance.
I do think that they a solid team. All of them are known for their work. I found no dirt on their name.
If your worried about who your trusting, I think your in good hands.
As of now, they are sounding pretty good.
Freedom Equity Group Products
They bring real value to those that are apart of Freedom Equity Group. Focusing on universal life insurance and annuities, they are able to genuinely help people.
All too often do I see MLM launch and they have no products, just a compensation plan.
I can see why they have been around for as long as they have.
However, they could improve on the way they introduce their products for easier to understand process for potential customers who may interesting. Regardless, their services are good.
Freedom Equity Group Compensation Plan
Again, I like what Freedom Equity Group is doing, but they have to do better in the way that they present things. It might of been hard for those of you that wanted to get a strong idea of how affiliate commissions work
They do talk about it. However, it’s not laid out neatly.
Luckily I was able to format it all for you guys.
They can easily fix this by writing up a post or something that gets to the point of how the the compensation.
Freedom Equity Group Ranks
As far as ranks go, affiliates can work towards achieving the following:
- Training Representative
- District Manager
- Division Manager
- Regional Manager
- Regional Vice President
Unfortunately, I could not provide the readers with what it takes to advance through each rank . Freedom Equity Group hasn’t spoken much on it.
But I do know has something to with how much sales volume you are producing. What counts towards this volume is when affiliates and/or retail customers take out a policy.
Commissionable volume is split between personal sales and downline sales.
Cool thing is that you can reach ranks based of your downline results too.
Direct Sales Commissions
These commissions can be paid on policies taken out by retail customers personally sponsored affiliates.
- Training Representatives earn 30%
- Representatives earn 35%
- District Managers earn 40%
- Division Managers earn 45%
- Regional Managers earn 55%
- Regional Vice Presidents (and possibly above) earn 70%
This is one commissionable sales volume by policy sales and not as a percentage on the total sale.
Freedom Equity Group prays recurring or residual commissions as downline overrides and leverage a unilevel compensation plan structure for their paid out.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates sponsor a new affiliate, they are put on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates sponsor a new affiliates, they are put on level 3 and so on and so forth…
Overrides are paid on Regional Vice Presidents found in each unilevel leg.
Recurring commissions are paid up to six Regional Vice Presidents per unilevel leg:
- The first upline RVP is paid a 14% override
- The second upline RVP is paid a 9% override
- The third and fourth upline RVPs are paid an 8% override
- The fifth and sixth upline RVPs are paid a 7% override
How Much is It to Get Started
Becoming an affiliate is not free. Joining is a one-time payment of $125 and you will then be able to be paid when someone clicks your referral link and takes out a policy.
Due to the nature of the business, you will need a license to promote insurance policies and that will be a couple hundreds according to Freedom Equity Group.
The exact cost is unknown. It may very state to state as far as the license goes.
So you know how we do it here. This is the part were I air out all my honest opinions. Let’s go!
My Final Words
I’m sure you caught on to my vibes for this company far before reached the end of this article.
By the looks of it, they are the REAL deal (yes they are legit).
I mean how can you doubt a thriving business that has been doing this for 20 years long. They surely are doing something right.
Yeah they are a little rough around the edges. But nothing in life is perfect, right?
I would of been much happier if they were better at explaining certain things things. Like, it would be hard to be apart of a service that your confused about.
And if you want to promote the business, it sucks not fully understanding how you will be compensated.
At the end of the day, they are still growing and the company is still providing value so it may be worth dealing it!
You have to think about how old they are. They may be use to doing things in the past and just haven’t switched to more up dated practices.
In the time that they started, it was actually normal to just have to hit up their support team if you had questions about the affiliate opportunity.
I know they are just old fashion, I wouldn’t be too hard on them for that.
Besides that, I think there advertising could use a little sprucing up.
But honestly none of these things matter if they can get the job done as they said, right?
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