MLM Scam Leaves Agent in $30k Debt, Living in Car (His Story)

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[@blackdiamond1019]

Thanks Peter for the video and sharing the truth. I’ve been licensed for a few weeks and have looked at all your videos!!!

[@peterroberts9686]

Fantastic! here for you

[@mtnewman2001]

This is why I HATE MLM INSURANCE COMPANIES! I love 💕 companies that focus on sales not recruiting at all!

[@IamAquilla]

Omg! That’s where all my debt came from too was buying their leads!!! I felt everything he talked about!

[@NaturalLilly]

Peter you're solid. Keep it up. Thanks for sharing this video both of you.

[@peterroberts9686]

Thanks, will do!

[@ManoloAnderson-gu6ed]

I feel for this guy, and he has so much integrity for telling his story like this. I am just licensed and looking for a reliable agency to work with, if anyone has any information. Or training that would help me run my own business correctly. I applied to work with Peter, but no word back yet... I speak Spanish as well, have years of sales experience. I am scared of being duped like this poor guy was. Very grateful for this video and his testimony, as I was about to sign up with an IMO that sounds very similar to what you all are talking about.

[@STHHCalebBrewster]

Gaslighting is the term you were looking for not blacklisting. But your point was correct

[@ldwahl6678]

Great interview

[@kSuss100]

Hi Peter. This is my first time visiting your channel. I subscribed. I first heard about this on David Duford's channel. I feel is badly for this guy. He seems to be in a good spot now having a job with housing. That is how a lot of people do here where I live. They get jobs with housing then they get a day job as well. He could work this to his advantage and get out of the hole. I am hopeful for him. I work for an agent and know it is a blessing for me

[@marcosval7114]

Same here.. was lied to and told to drink the cool-aid… same company!!

[@ephraimgreen1760]

I can relate. If you generate your own leads it will save you a ton of money. But if you buy leads from your IMO then you will go "BROKE". Believe me when your clients do not pay their premiums you will have to pay it back . The Heath insurance industry is a much better option. NO PAY BACKS.

[@Yaahboi52]

What specifically in the health industdh

[@chayo9548]

Damn how the hell was he making 20k a month but got in debt? I’m with Primerica and with a great agency. We’re taught how to handle potential cancellations and what not. My chargebacks are low. We build our own team. Yeah we recruit but haven’t heard of anyone do this bad like this guy.

[@jfrontier1]

Peter, it sounds like you should hire this guy. He will turn into a good agent one day (if he wants to) I hope he will be OK.

[@peterroberts9686]

Offered him a position👍👍

[@jfrontier1]

@@peterroberts9686 I suspect he will do great. Good job on your part for showing the MLM scam.

[@justineeason2737]

@@peterroberts9686I’m taking my exam this evening and looking to sign with the right company. Are you available to discuss opportunities within your group?

[@prettynatural1973]

Thanks

[@robthefarmer007]

The fact that they are threatening to sue in order to keep stories like this quite is a huge problem. Thanks for sharing and appreciate the honesty about the industry.

[@user-ib9ru4ls3r]

In your bio you claim "no chargebacks" how do you back that up? Obviously not forcing deals and making sure they are able to pay the premium, but anything else?

[@nelsonramirez6939]

The best thing any new life insurance agent should do is to take an Entrepreneurship mini course along with a Digital Marketing Training Course. After this, then you should be able to interview any agency to see what fits best for you.

[@jermainetagalu2851]

You know what I agree #solid

[@Letsmakeithappen2004]

Where would you get this training?

[@nelsonramirez6939]

@@Letsmakeithappen2004 i would just go to KZbin and enter in the search bar "Entrepreneurship Skills" and "Digital Marketing Strategies ". There is a lot out there, but my favorite teacher for Marketing is Adam Erhart

[@edgarbarrazamusic6742]

Hi Peter, where do I apply to be part of your team? I need a coach

[@michaeljacobs916]

I love listening to ya bro

[@peterroberts9686]

cheers my friend

[@Bdlee1952]

What do think about Symmetry Financial Group?

[@abdielsanchez6980]

It must to have been a bad company with the wrong values and principles. I am not a fan of buying leads. The Financial Services Industry is a great industry to be a part of! Just gotta choose the company wisely.

[@quan5463]

Hey do have any info on The Real Nadeau Agency?

[@lostinthesauce8345]

I keep getting offers from multiple “agencies” that work for Symmetry Financial Group. It definitely seems like a MLM group. You have to buy their leads. They try to hook you in by saying you have no boss and can make your own hours. The “good” leads are like $20 a pop. Has anyone had any experience with symmetry? I didn’t take any of the offers.

[@SkylaJay]

Yes! They have so many companies tied to them as well.

[@Yaahboi52]

Symmetry is a good company, you just have to find the right manager to join. I’m not w symmetry either, just know people that are doing really well in there

[@toddm7861]

I work with symmetry, in my experience their crm sucks, but I get my own leads and have a very good agency manager and make tons of money.

[@toddm7861]

Their crm sucks because they don’t really care if you them haha.

[@Yaahboi52]

@@toddm7861 what about their crm sucks

[@jalenmackall6743]

The company he is talking about…. You will be fine if u generate ur own leads

[@devonjasper5284]

How can you work for yourself without being in a MLM

[@peterroberts9686]

Find the right imo and leader who can show they are able to lead you the right way k have a video for signs to watch out for

[@df7817]

Like you peter?

[@darwest8833]

I would love to work for you Peter but do not want to lose by Medicare book of business. Any chance we could talk about it? Thank you

[@peterroberts9686]

Shoot me aa dm

[@prettynatural1973]

I’m new too.

[@saeligutierrez8025]

What company is it?

[@dubblewrap]

Dude, I feel bad for you. I never! Absolutly never would get into work with a comoany if you need to spend any money on or through the initial business. I know the absolute best company to sell insuance with. You dont buy leads from them. At all.

[@KingdomWarrior922]

Which company is that

[@ameli0168]

Sounds like you made a bunch of money and blew it before paying charge backs and leads. Always keep your books tidy and never spend more than the bare minimum. 🎉 sorry that happened

[@JohnSmith-xp9qx]

My Bro Brock! We both did Bobby V’s program! Digital Agent Consulting…that’s how we both ended up getting profitable

[@orestesespinal1451]

sounds like FFL

[@BladeTrinity99]

I agreed

[@BusinessOpportunityScams]

It is FFL, the agent has posted that it is is Family First Life.

[@Growwith_jason]

I’m kinda confused though, because isn’t Peter under FFL?

[@Growwith_jason]

Never mind. Just realized it was LFL, not FFL. 😂

[@BusinessOpportunityScams]

@@Growwith_jason Peter was FFL, now they are lawsuit threatening him. I suppose that is why he is not mentioning their name.

[@samuelgutierrez5686]

I’m in PHP and I personally love it. We have never ONCE bought leads, everything is from references, we have books that we have to read every month, clases where they bring carriers like Foresters, NLG, Mutual of Omaha and they teach us. At first I was gonna quit restaurants and go full time but my mentor stopped me and said to grow it first so what happened to h doesn’t happen. They told me to make the income I want consistently for 4 months before making a jump like that. I feel bad for this guy, terrible mentors.

[@BusinessOpportunityScams]

PHP and FFL are owned by the same parent company called integrity marketing group. I do know that FFL hires fake posters that post on KZbin.

[@davidbean1706]

What is PHP?

[@samuelgutierrez5686]

@@davidbean1706 it’s an agency, an MLM as well which is what he’s talking about. The thing is that I’m in the one in Houston. I cant speak about other places but the leadership in Houston with Rodolfo Vargas is top notch. In my opinion it’s the leadership that will. make or break any entrepreneurial journey. And he’s got it in this office!

[@BusinessOpportunityScams]

@@davidbean1706 it was Family First Life which is a sister company of PHP. Both Integrity Marketing Group companies.

[@ruththompson7891]

I'm with PHP as well and I am learning a lot with them as well. Not all MLMs are created equally, before I signed up with them I was told their agents do not buy leads.

[@CoreyyyJ]

What do you think about the Globe Life / Arias Tampa ? Is it legit ?

[@SkylaJay]

MLM Structure but do your research read your contracts

[@haraigoshi9133]

Most people fail in life insurance sales (or P&C, securities, etc) because of two reasons: 1) They dont know what the hell they are doing when they jump in, and 2) they are underfunded. Basically the same problem 90% of business have. 1 is the main reason. New to the industry and want some advice? Learn what the fuck you are doing on someone else's dime before you start running up cc debt. Get your P&C and L&H license on your own....then go apply for w-2 jobs. There's a ton of them. It wont take long to land one. You can find a large online broker, go with one of those if possible. Why? Because so long as you have your resident license guess what? They will pay for non resident licenses in 50 states. They will train you. Work at one of those places until you make 100k in a year working their leads. Save a bankroll. Build a project 100. Two years later, THEN go out on your own.

[@ManoloAnderson-gu6ed]

good advice. Do you have any names for companies hiring with W-2 contracts?

[@Yaahboi52]

I agree. It’s best to be with a company that will pay for you to sell for them instead of going out and buying leads. Very high risk

[@stephaniehernandez_90]

I agree with you 💯 I am currently getting my license and was contacted by Symmetry but I have to pay for leads. I think I’m going to dodge that bullet. I’m going to look for W-2 companies as well. Do you happen to know any W-2 companies?

[@Yaahboi52]

@@stephaniehernandez_90 I’d look locally and just start there. Biggest thing is getting the experience & getting through the learning curve of underwriting. I’d learn all of that with a local insurance company that will pay you hourly + commission. Once you’re really good then I’d switch to a 1099 model.

[@haraigoshi9133]

@@stephaniehernandez_90 Depends on what you are looking for, TBH, and what kind of training you want to get out of it. If you have an active L&H license, you can pretty much walk into any captive P&C agency (Allstate, State Farm, etc) and they'll hire you. Pros? You will get a small base w/ commission, will have an existing book of business to call and cross sell for life, you will have a diverse set of product lines to sell (WL, UL, Term, Annuity, LTC, etc), and if you do well you can get sponsored for securities licensing (6 & 24). Downside? You will be limited to selling in one state, you will be captive to their paper (so you wont be price competitive), you will not own the financial interest in the book of business (no trails), it will most likely not be remote work from home, and your training will likely be limited. Good way to get your toes in the water, but not a good long term strategy unless you want to work/advance in a corporate environment. If you want to go this route, I'd recommend getting your P&C license as well. You can also go with one of the big brand online/phone agencies (Selectquote, Assurance, Ethos, etc). Pros? They will pay for your licensing in multiple states (10+, minimum), you will get excellent training on telesales (scripting, inflection, etc), multiple carrier appointments, mediocre base (15 or so per hour) and commission, set schedules, work from home, decent to good benefits (health insurance, 401k, etc), and all the leads you can handle. Downside? You will need to be a rocket scientist to fully understand the overcomplicated comp structures, high pressure call center environment, no trails, limited lines to sell (I.E. good chance you will only sell ONE line of business), and they may not be all that quick to release appointments when you leave. Long term, you probably want to be independent. But any of those w2 jobs are a good way to get started, and there are a lot of agents that make really good money just staying there. The main issue with any w2 job is? It's a job, and like any other job you lack flexibility in your work life balance. You cant just wake up one day and decide you want to fly to Hawaii for a couple weeks kinda thing.

[@TonyCruzProductions]

is Globe Life MLM??

[@roquendo06]

I want to know too

[@Empathy_NJ]

BUMP

[@KevinMayoOfTME]

No they coo you’re a captive agent tho meaning you won’t be able to go anywhere or take your renewals.

[@chayo9548]

Damn how the hell was he making 20k a month but got in debt? I’m with Primerica and with a great agency. We’re taught how to handle potential cancellations and what not. My chargebacks are low. We build our own team. Yeah we recruit but haven’t heard of anyone do this bad like this guy.