MLM Company Reviews

Is Family First Life A Pyramid Scheme

Feb 08, 2024

Is Family First Life A Pyramid Scheme

What is Family First Life?

Family First Life is a company that sells life insurance and other financial products. The company was founded in 2013 by Mario Di Loreto, and it is based in Canada. The company has about 200 employees, and its products are available in the United States, Canada, and Europe.

What does the company sell?

Family First Life is an insurance company that primarily sells life insurance products. The company was founded in 2013 and is based in Harrisonburg, Virginia. The company also offers other financial products and services, such as annuities and long-term care insurance.

What is a pyramid scheme?

In general, a pyramid scheme is an illegal business model that involves promising participants payment or services, primarily for enrolling other people into the scheme, rather than supplying any real investment or sale of products or services to the public.
Pyramid schemes are based on a continuous flow of new recruits, and they require an endless stream of new recruits to sustain them. Because pyramid schemes are illegal in most jurisdictions, they typically mask themselves as legitimate multi-level marketing (MLM) plans or other types of businesses.

How does Family First Life compare to a pyramid scheme?

The answer: not at all.
In a pyramid scheme, commissions are only paid out when you recruit new people into the scheme. With Family First Life, you earn commissions on every life insurance policy you sell, regardless of whether or not you recruit anyone.
In a pyramid scheme, there is no product. The only thing you're selling is the opportunity to make money by recruiting other people into the scheme. With Family First Life, we have a wide range of life insurance products that you can offer to your clients.
In a pyramid scheme, the only people who make any money are those at the very top of the pyramid. With Family First Life, commissions and overrides are paid out all the way down to our newest agents. We believe that everyone who puts in the hard work should be rewarded for their efforts.

What are the benefits of Family First Life?

There are many benefits to working with Family First Life. As an insurance company, we offer our agents the opportunity to sell life insurance policies and other financial products to our clients. We also offer a variety of training and support programs to help our agents succeed in their career.

What are the drawbacks of Family First Life?

The main issue with Family First Life is that it’s an MLM, which automatically raises a few eyebrows. As an MLM, there are a few things that you should know.
First and foremost, you have to pay to play. In order to join FFL, there is a $500 fee that you must pay. This money goes towards your “launch kit” which include sales tools and materials needed to get started with the company.
Not only do you have to pay to join, but there is also a monthly maintenance fee of $39.95. This isn’t a huge amount of money, but it is something to keep in mind, especially if you are on the fence about joining the company.
Another thing to keep in mind is that Family First Life relies heavily on recruitment in order to make money. You make most of your money not from selling insurance policies, but from getting other people to join the company and become insurance agents themselves.
Recruitment can be difficult, especially if you don’t have any experience with it. And even if you do have experience, it can still be challenging to get other people to sign up because they must pay the same fees that you did in order to join.
The final thing to consider is that FFL has a lot of complaints filed against it with the Better Business Bureau (BBB). In fact, at the time of this writing, they have an “F” rating with the BBB due to the number of complaints they’ve received.
Some of these complaints allege that the company uses deceptive marketing practices or is otherwise difficult to work with. Others complain about not getting paid for their work or not getting the support they need from their upline.
All in all, there are a few things that you need to keep in mind before joining Family First Life as an insurance agent. They are an MLM, so there are certain fees that you must pay in order join and stay active with the company. You also need to be aware that recruitment is key and can be difficult if you don’t have any experience with it

Is Family First Life a pyramid scheme?

This question gets asked a lot. The answer is no, Family First Life is not a pyramid scheme. We are an insurance marketing organization that offers a variety of insurance products from different carriers. We have a team of agents who work to sell these products to customers.
The only way to make money in a pyramid scheme is to recruit other people into the scheme. With Family First Life, you can make money by selling insurance policies and earning commissions on those sales. You do not earn any money for recruiting other agents into the company.
We do offer some bonuses and incentives for agents who build successful teams, but these are not required in order to make money with Family First Life. You can be successful as anindividual agent without ever recruiting anyone else into the company