World Financial Group (WFG) Compensation Plan Analysis | Don't Sign Up Til You Watch This

[@LIFE180]

What are some ways to create cash flow outside of wall street? Comment below! Watch this for more: kzbin.info/aero/PLrRnvQl4pMjiGe_lLdFMRat5mGch7N9JE Let's discuss your finances or life insurance business - click on the scheduling link in the description.

[@dreamchaser2521]

Hi. I emailed you.

[@KoreanChocoBoy]

I’ve done WFG twice and yes everything is backwards with this company. However, what you see in each agency is different. The first one ran it like a car dealership and the energy was intense. I really liked how the president made sure he was in the front of every deal and was passionate in what he did. Second one they were much smaller and shared an office and they were much more interpersonal in what they did. Both were great with their energy and what they were focused. The problem was recruiting, even after one sentence of conversation I automatically knew my friends or colleagues felt a pyramid scheme type vibe off the company. Also, after I got licensed, the focus was still getting recruits. I got my recruits and still it was about recruiting. I kept thinking about seeing each agency in how awesome they were in bringing people in and getting deals going. However, at associate your focus is still recruiting and making your friends uncomfortable and never wanting to associate with you again. I honestly don’t think it’s worth it and the truth is if you’re not recruiting then it’s probably hard to make money at all in this company.

[@LIFE180]

100% and while I have no problem with people benefiting from recruiting, I think it's a problem when it's the only way to be successful. Especially because you're forced to recruit before you even really know what you're doing...

[@rp_FGBWA7700]

I am (SO) sorry you feel this way as a result. I can assure you that recruiting is NOT a must with WFG. WFG is only a platform of carriers. Everyone is always welcome to help their own client base. The reality is just with (any) business, you can not have great revenue without partners. One of my partners just purchased a 126 unit apartment complex in TX, he would NEVER have been able to come up with this kind of capital on his own, he pulled in 9 other investment partners and GOT the deal. Another example is a Mcdonalds outfit, have you ever seen the owner at the cash register, and then run to the stove and make the burgers and turn the fries? Of course NOT, he hires a (Team). This is the concept of the WFG business plan. You can never grow exponentially without a correct team. At the same time you NEVER want to recruit just anyone.. Sadly, the "business" world" is NOT for everyone. If you truly want to have a business run itself, you need to ONLY talk to people that you CAN trust with others financials. Even any HR department will NOT recruit just anyone, but those that are a good fit.. So, the bottom line here is with WFG you are always welcome to work by yourself, get all of the commission on your own work. OR you can build an agency and share the wealth with others. Brian, you should NEVER give up on your dreams. Even if WFG is not for you, you should truly FIND something you LOVE and learn how you can monetize it. :)

[@leojoshi5806]

@@rp_FGBWA7700 great examples and wonderful words of encouragement 👏

[@ManCity-5Peat-Loading]

@@rp_FGBWA7700 haha cope more lol

[@Rheinebows]

Do they make you isolated from family members who questions the company?

[@gwydionknight]

I feel so lucky to have found a great team training me in WFG. I love your approach in this video as I want to serve and I don't want to do this wrong.

[@LIFE180]

Best of luck. I would really encourage you to join LifeProductReview.com and subscribe to that to learn on your own if you are going to continue with WFG because their training doesn't do a good job with real product training

[@omars-financialed8135]

Great video, one point is missing and a very HUGH reference that is needed is; When a new agent becomes licensed, they do not typically speak with families by themself, they are accompanied by an experience Field Trainer, that have the necessary expertise in the products, financial services industry knowledge to trains the new agent. In every case, it is the experience FIELD TRAINER that does the presentation, data gather, recommendations and recruiting. The 3 recruits you mention here will be part of field training. If you factor in that ALL new agents do not serve clients without an EXPERIENCE FIELD TRAINER, the compensation plan all of a sudden start making sense. The system pairs you with a mentor and you only become a field trainer after a qualification period. It might have helped if attended a training session to understand more about how the system is run. The point that is missing from your video is FIELD TRAINER. However great video and great break down.

[@LIFE180]

Problem with this is that they are still selling IUL's and they don't know what they are selling... I have spoken to over 100 WFG agents and not 1 of them really knew how IUL's worked outside of the marketed good side.... Watch this kzbin.info/www/bejne/sHm4pJtuZ9-Md5I

[@Seanwellsf150]

Omar, okay so where is the training courses that we need as new agents? I feel super uncomfortable trying to recruit people and dont know a dang thing I am doing? Now they are wanting us to get 25 people and start doing phones zones every Monday night? When they recruited me, it was the fast track, but everytime I asked where can I learn how to do the applications on running an illustration they dont answer my questions. One said play with the numbers, sure I can do that, but I need a scenerio with someone to do this with. I hate to make a huge mistake if I end up out of the blue dealing with a millionairs money, and if I do it wrong, I can ruin him and his livlihood because I wasnt taught properly. I dont care about these vacations that WFG keeps telling us or a new watch or new ring once we hit $100,000k and the conventions and meeting the president or owner of the company. I run a business outside of WFG full time, but when there is clicks or the minute they recruit you and get you to move your funds into an IUL, they leave you pretty much to figure things out on your own especially if this business is about LIfe isurance, never did I imagine getting into it, so now that I am, I want to do this right. I stood up against my Team leader Upline who I told him dont belittle me or make me feel stupid, and make fun of me and other team members on LIVE ZOOMS, and what he did is kick me out from any tools to learn anything. And to be honest, this is one of the reasons why people quit, because the uplines quit caring and helping the new recruits wondering in a daze of what they need to do. So basically if I am an Associate right now, and I learn from someone else how to do the Products in WFG, I can do 100% of my commission? If a referral Partner signs up on wfg they say they get 50/50 that means they make more than the Assoicate level which I am at 35% and my upline who helps me close a deal gets the 70% of the commission? There is no consistancy at all with WFG. Some say you can get help from outsiders from your team and some say its forbidden. And any of the field trainers arent even taking the time to even tell me where I can learn how to these policies. Eventually we become field trainers based when we reach that rank. Thats an MD rank again, you need to recruit 10-10-30 or something close to that and not know a dang thing still. So basically I can be a referring agent, and say I got 100 people recruited, coded and passed thier exam, I hit that bracket which earns my title as an SENIOR MARKETING DIRECTOR and still know ZERO information about life and health insurance.

[@money.myth.buster]

You can't fully understand the compensation package from this PDF especially since you've never been apart of the company and leadership that properly helps with onboarding and training. Once again, you are delivering information from an assumption perspective with out facts and a lot of guesses to fit your narrative. The fact that you don't understand the builders compensation and say that "because there are more percentages it causes more problems" is a huge indicator that you have no clue and you are misleading people. More credibility out the window. Good Job!

[@LIFE180]

No...you misunderstand what I am saying in regards to this. The fact that agents start at 25-30% is criminal in my opinion. 50% is the absolute bottom any agent should start at. PLUS, for the compensation plan to require you to recruit and have 3 recruits to hit a pay increase so early is a MASSIVE moral hazard. You are getting people out there in the market recruiting before they even know what they are doing. That is by definition a moral hazard built right into the compensation plan. That is my major issue with the plan. It's an internal consumption model. Sell a policy, recruit the policy buyer...or recruit an agent and tell them they need to purchase a policy to participate in the fast start program. Dangerous model.....SHOCKED the FTC hasn't come after it yet. Overall, I have no problem with the leadership, the team building, the recruiting, etc... I LOVE Network Marketing as a whole and think it is a great place for aspiring entrepreneurs to cut their teeth. Just think it is dangerous when you are dealing with peoples money. Nobody should be required to recruit to get to 50% comp....or until they have proved competency. And please don't tell me they aren't required to recruit...we know they are. Not to mention, I have spoken to 70 agents and ALL OF THEM stress how much the training is focused 90% on recruiting and 10% on product eductation..

[@money.myth.buster]

@@LIFE180 I am not disagreeing you with you about agents starting at 25-30%...that's why my agency focuses on getting new agents licensed in 1-2weeks and PROPERLY promoted to SA within 1-2 months. The objective is to become a Senior Marketing Director and promote Senior Marketing Directors, not keep people at the lowest contract level because in the long term it serves no one. Now, as for people being required to recruit 3 to hit a pay increase...that is not why people should be recruiting 3 when they start and it's not our intention in our firm. I can't control other firms in WFG nor do I worry about them. I can only control my actions and how people in our firm are getting trained. They should be recruiting 3 to get them licensed and promoted as well. I (we) will not bring anyone into our firm unless they get licensed and go through our onboarding and training system. Its an expectation and if they don't want to I (we) will not invite them to be apart of the company. It's that simple. And our fast start training on Saturday's are open to all. There are no recruiting/selling requirements to be apart of that. The fact that team does that is a joke tbh. We also have trainings on Monday called "Money Monday's" where leaders earning $250k+ get on zoom and train all 6,000 agents in our firm live. It's free and guests are allowed to watch. ONE BAD APPLE SHOULD NOT GENERALIZE THE ENTIRE COMPANY. It's funny to me though that you have such a big problem with recruiting in order for people to grow their agency and income, yet independent recruiters are paid based on the value of the person they recruit for a company that isn't even theirs. The more salary that company gives the new recruit, the more that recruiter earns. Yet, it's a problem in this business model? I can see how it absolutely is a problem with her experience, but that is not my experience so I can't agree. Nor world the 6,000 agents in my firm. I can respect your views, but they are simply biased because you have no experience in the company and are relying on those with bad experiences to come on your channel instead of interviewing individuals that have had their lives changed by the company. You find what you are looking for...google bad things you'll find them. Google good things you'll find them lol.

[@LIFE180]

@@money.myth.buster I have no problem as a whole recruiting to increase income. I just really think it is a moral hazard to require so early. It takes months to know even close to what you should know to have quality conversations with prospects and know what you are doing. How can you effectively recruit or ethically recruit to something you don't fully understand? Just a thought. Like I said, love the Networking industry as a whole...I've done a ton of consulting 8n the space and I wouldn't have the life I have without the industry. I just get really defensive when it comes to having uneducated people having conversations with people about their finances and having to blindly trust their upline.... if you're saying you're not doing that, that's good...but you'll be the first a WFG group I have seen that doesn't do it that way...

[@money.myth.buster]

​@@LIFE180 It is a moral hazard for sure...my firm has a specific onboarding/training program. That's also why we have certified trainers that are helping with this process. We do not let new agents complete the recruiting or selling process on their own until they become certified field trainers and are licensed. This completely removes any moral issues. Again, I can't and wont speak for anyone outside of my firm. I just know my experience, how we onboard people and it does not fit this mold you are portraying. I already agreed her experience should not be happening and it makes me angry to see people have these experiences. I know the good we do and I see the lives we've changed. Pinnacle runs things differently and its proving to work better than any other way the business is ran. Proven!

[@LIFE180]

@@money.myth.buster well, best of luck to you. I know there are good and bad people in every company. Too bad everyone in the company isn't in your group. I just see all the hype and cars and all that stuff and it drives me nuts. 7 figure squad touting Doug Andrew who is a criminal who lost his license and they use him to train....then I get stories like the one I shared.... I don't envy you🤣🤣 that crap makes your job real difficult

[@lavelldavis1566]

Who would you recommend? I want to focus more on policies and products versus doing a recruiting process

[@LIFE180]

I can connect you with someone if you email me

[@sharmeen31ify]

Thank you! Yes this helps. I don’t like the way WFG push on referrals and recruiting before a person knows the business.

[@LIFE180]

You are welcome!

[@TheOpinionSports]

Well people are adults and if people aren’t ready they don’t have to recruit.

[@zenithtv123]

May i have permission to ask where the research was conducted. Did you only google? Did you look at any government websites such as SEC, FTC? Or how about looking into the financial reports/records of parent companies that own Transamerica and world financial group? What about WFGIA? Please explain verbatim where the due dilligence has come from on your part. Or the product providers that WFG/Trans provides? Does their research count in your opinion pieces. The A+ rated providers that have done their in depth research. Or did you look at any recent 2021 Forbes Magazine articles that list top insurance companies, and see that the top 10 are provided by the wfg platform? Sorry for all the questions i just want to know what makes your statements absolute fact, when i am seeing a trend that there are some inaccuracies.

[@zenithtv123]

@@TheOpinionSports For any person who has had a background check conducted through WFG this information is very well known. However to the general public it is not understood that you are never required to recruit or talk to friends and family.

[@sandenium]

I agree you're not "required" to recruit to make money. Recruiting model is a marketing model to reach out to more customers. Everyone outside is struggling for customers because they don't have recruitment model

[@ingridbain3243]

Hello Chris, I just recently joined the WFG earlier this month. I saw this video while talking about the compensation plan but it seems like it's not a bad idea. I want your info to tell me more about this opportunity.

[@thesacredprofaneco]

ALSO - Not all teams tell you up front they are part of WFG. That was my case. i was just told “Revolution Financial Management”. I was so confused when i started to see wfg. And that is part of how they keep you in the dark. Their saying is “stay confused stumble forward”

[@zenithtv123]

What was your experience?

[@thesacredprofaneco]

@@zenithtv123 Chris and I are going to do a series on WFG. Stay tuned. Overall - there were some great things I took away being the go-getter I am. But I do not believe an MLM in the finance industry is a wise move for so many reasons. Stay tuned!

[@TheOpinionSports]

Also if WFG was so garbage an NFL Hall of Famer would not have joined the company and is actually doing pretty well by the way.

[@LIFE180]

For real? That's your argument? An NFL Hall of Famer would do well regardless...it's all relationship driven.

[@TheOpinionSports]

@@LIFE180 ok then why didn’t Marshall Faulk go with other companies then? Your right he could have made it anywhere I’m sure he has the relationships.

[@palmerbella5148]

I got my life license and sign up with WFG , have not sold any policy yet , but they telling me I need to get 10 people for training , I think is their game. can you please recommend some other firms I can go apply in California ? thanks

[@LIFE180]

Talk to Kathy @ LIFE180. Com She is a licensed agent in California you could speak with who used to be with WFG

[@NS-sm7dr]

They told me to get 5, after five meetings they asked for 5 more

[@annettesolis3234]

Hi. You really don't need to get 10 people for training. That's probably your recruiter's goal. You run your business the way you want within the guidelines. You can work with other teams that fit your work ethic. I'm turned off with recruiting & pushy sales too. I'm working with what they call the "green" team. You were probably in the blue team. We help educate people with WSB Financial Literacy program. We help them get out of debt and teach them to save & invest in products that they are now educated on & comfortable with.

Hi! Would like to invite you to join us in one of our Freedom Equity Group team webinars. I believe in the products of Living Benefits, IUL and Annuities. Comp plan and team support/ mentorship from the owners to the carriers is great as far as my line is concerned.

[@LuisSaulny]

That's exactly what happened to me... they got me hooked up in the process and is only recruit, no leads, no marketing plan, no nothing and they don't say anything upfront... terrible experience.

[@dailyresolution]

Towards the end he is promotion his own refreal program to his network. I agree with some of the things he covers but ultimately he has his own agenda too. It easy to market againts your competition and point out their weak points as well as to hide their strong points. I still agree people can make it happen on either agency tradicional and WFG and PFA.

[@LIFE180]

I created an opportunity based on demand. To me, it's not a matter of IF people can make it work, of course they can. It's a matter of creating a model that increases the likelihood they will succeed. At this point, 93% of agents fail....in large part due to these types of tactics....

[@uchennanwanegbo4459]

Thank you for pointing this out! He is running down his competitors!

[@throneofheaven6087]

Hiii I just started with WFG Canada. How long you been in the industry? Elevate!!!🤩🧡🌐u going?

[@LIFE180]

Where is it?

[@VegasStyleDayTrading]

It’s funny, people talk bad about Primerica, but no one ever complains about financial issues from Primerica like they do this company. Buy term and invest the difference is pretty safe

[@LIFE180]

Buy term and invest the difference is not safe... That entire philosophy was created out of scarcity and simply doesn't align with any of my values. But yes, if I had to compare it to the garbage that WFG does, i would say it is a safer bet. Primerica's problem is that their products SUCK. Their term insurance is the worst....most expensive for the worst benefits. IF you were to adhere to that philosophy as a client, working with Primerica is just inefficient....

[@VegasStyleDayTrading]

@@LIFE180 I understand why you say that about their term insurance… people don’t know they’re the only company who will do real “term to 100” and not that no lapse universal life crap. In exchange for not having as many living benefits as other companies, this is one cool thing no one else offers. But it’s debatable that it’s more expensive. I’ve seen it cheaper than other term companies actually. It really depends. In terms of a “scarcity mindset” from wanting to buy term and invest the difference, what makes that a scarcity mindset exactly? If you run the numbers, you have more money at the end in a mutual fund or index fund than you do in cash value in a whole life policy. Whole life has its place for paying estate taxes when someone passes away and things like this, but it’s really only for the wealthy. Middle class people have no business buying whole life. You’ve said it yourself Chris - whole life insurance is NOT an investment, but a safe place to put your money. But when you can get more money in a index or mutual fund - which is an actual investment - and historically has gone up over time - and save money buying term, it just makes more sense for the majority of people. And for the naysayers who are worried about the market volatility at the end of one’s life - that’s what annuities are for 😁

[@thesacredprofaneco]

So glad you are doing this and so glad we are talking on Monday. I can fill you in on so much more and I am totally open to being interviewed to give people an inside scoop. I will share more when we talk

[@ManifestBestLife7]

Hello! Thank you for this info. Is there a better company that you recommend starting off with?

[@LIFE180]

Email [e-mail] and I can give you some insight

[@TheOpinionSports]

You tell half truths man seriously, you shouldn’t release videos unless you have it 100% correct. We train on the products, we show how to properly structure policies. We train people on our system and people don’t have to recruit immediately. But to move up your displaying the ability to recruit and sell the products. I’m sure people fail in the other business channels as well because they are rewarded for producing but can’t train and develop others. Just because someone can produce does not mean they can teach others.

[@LIFE180]

You're right, people fail in the industry all the time. It's hard enough as it is without only paying 30% comp to new agents. Not telling half truths, just reading between the lines so people understand what they are getting involved with.

[@TheOpinionSports]

@@LIFE180 you are telling half truths or only know half the truth. You only look at someone comp plan and assume that’s all they are getting. I would be willing to bet a successful person at WFG with a 50% comp plan is making more than the person on average at a 100% comp plan. As I mentioned in another comment once your at a 35% contract level or higher you are in an override position.

[@realitydoll216]

@@TheOpinionSports Why are you on this man's channel going back and forth? You could spend more time selling. Come on!

[@TheOpinionSports]

@@realitydoll216 a few back and forth don’t stop me from selling

[@bobby_ewan]

@@TheOpinionSports if they are making more it’s because they are screwing clients by designing policies incorrectly

[@carmenrivera2111]

can you do a video about alternatives to WFG?? or a video on how to be an independent insurance agent? I recently got licensed, but im not sure what to do with it now

[@LIFE180]

I will. If you need help, set up a quick call with me and I can point you in a good direction Calendly.com/chriskirkpatrick/life180

[@zenithtv123]

@@LIFE180 So here is where i am very confused again, this information is being given and what it seems like is turning people away from one system to convert them to yours, how is this any better? How can i research you and see if you are credible or legally licensed by the state. What credentials or results have you aquired to be able to advise others on the decisions they make?

[@LIFE180]

@@zenithtv123 I make no bones about it....I am not licensed. When I made this video I had nothing to offer you. I am and always have been simply passionate about the industry and financial literacy and stewardship. That said, in the past couple of weeks (due to some of my content), I have been asked to join an organization as the CMO. They asked me to help use my expertise to help them. I have agreed to do so. The purpose of this video, however, had nothing to do with my new opportunity...I didn't know about that when I created this... it has to do with my deep understanding of the industry and what a rip off the comp plan is with WFG. Listen, if you wanna remain an IUL agent, I personally think it's a mistake. But, all things equal, I would like to see you succeed. Because of that, I am happy to connect anyone to my contacts in the IUL space (I have a lot with my background as the Dir of Biz Dev for a fortune 1000 life company that focused on IUL) to get them access to better contracts so they have a chance at success. The training wfg provides is laughable. You'll get better watching KZbin videos....

[@LIFE180]

@@zenithtv123 oh, and as far as my credentials, I have plenty... Director of Biz Development for a fortune 1000 My agency (www.LIFE180.agency) has helped build multiple 7 figure small businesses and I have mentored with some of the top leaders in the industry. I'm a master mentor with the Circle of Wealth & MonryTrax (it's a financial education system). I've helped on of my life insurance agency clients generate over $1million per year in premium. I've consulted on the business development side with 3 $50,000,000+ annual revenue network marketing companies on their sales systems (and helped develop them) I mean...at the end of the day, none of that matters though. What matter is you and what you are looking for. I have ZERO interest in convincing anyone to do anything. I am simply a believer in education and information. It's no secret that I don't believe in how WFG and PHP operate. So when another company who was trying to compete with them reached out to me and asked me to help them do something better....I was open to the conversation. And when they told me that they wanted me to help take the good from the WFG comp plan, but design it so there wasn't as many moral hazards (too much focus on recruiting and too little focus on education and sales training), I was intrigued. BUT, this video was filmed before I even had any of those conversations or the opportunity presented to me. In fact, it was because of this video that it was....because there is such a need. Hope that helps

[@zenithtv123]

Our office is ranked in the top 3 out of 6500+ offices, we have an operations, licensing and training department to be able to accomodate all new associates through the training and licensing process since we recruit over 100 new associates per month. Only certified trainers are allowed to take point on appointments, and everyone goes through ample checks and balance to ensure they are fully equipped to deal with someone's financial livelyhood.I do not know how others run it but for our team and system we run, ALL new agents are getting paid not just their first month in business but consistent on a part time or full time basis. We run it strict to make sure everyone gets the results they desire. Also our business isn't just scraping by , by using friends and family we work in both cold and warm markets to then fully utilize the entreprenurial system that wfg is built upon.

[@vuefamilyministry9838]

What do you think about Symmetry Financial Group?

[@LIFE180]

Way better than WFG....only problem is that there is a massive focus on IUL....which is still a huge problem

[@vuefamilyministry9838]

@ is there’s a company you can recommend me to?

[@vuefamilyministry9838]

@@LIFE180 thank you and I emailed you.

[@gueeechos1000]

I spent some time doing research... “going online and google “.. LOL as soon as he said that i stop the video ...

[@LIFE180]

If you stopped there, that says more about you than me....

[@zenithtv123]

​@@LIFE180 May i have permission to ask where the research was conducted. Did you only google? Did you look at any government websites such as SEC, FTC? Or how about looking into the financial reports/records of parent companies that own Transamerica and world financial group? What about WFGIA? Please explain verbatim where the due dilligence has come from on your part. Or the product providers that WFG/Trans provides? Does their research count in your opinion pieces. The A+ rated providers that have done their in depth research. Or did you look at any recent 2021 Forbes Magazine articles that list top insurance companies, and see that the top 10 are provided by the wfg platform? Sorry for all the questions i just want to know what makes your statements absolute fact, when i am seeing a trend that there are some inaccuracies.

[@LIFE180]

@@zenithtv123 you'll notice that this video is mainly focused on the compensation plan. Some of their carriers are fantastic. You used Transamerica as an example. An agent starts with WFG and they get a 30% comp rate with Trans. Anyone who wants a Trans contract can email me, and I am happy to connect them with multiple contacts I have where they would START at 80-90% comp and go much higher based on production with the same product.... My problem isn't the companies WFG or PHP works with. It's the fact that it's an internal consumption model that makes success extremely more challenging on new people, incentivises a moral hazard of having people recruit 3 people to get the first pay jump (it's like the blind leading the blind), and putting 100% trust in their upline. I have gotten 2 calls a day since this video from agents who's upline set them up with a policy that wasn't designed for the max cash / min death benefit they thought they were getting....all from different groups... Now I know...there are some good people at WFG. And I believe that. Hopefully you are one of them. But I also know that the comp plan incentives people to cut corners and creates a moral hazard which can hurt new people and potential clients. Anytime you get to the size of a WFG, there are going to be bad apples. When the company doesn't create a plan to disincentive the bad apples, it becomes a major problem.... and here we are.

[@zenithtv123]

@@LIFE180 Agree now we need to get these bad apples out of the company because theyre giving everyone a bad name. Want to help me do it? I am all for pushing them out

[@zenithtv123]

@@LIFE180 I agree we need them out of the industry, i want names and numbers so i can report them to compliance and have them terminated. I have that ability to do so

[@jackpace4955]

Our team do business and product training. Yayyyyy

[@LIFE180]

Yeah, but the product training is not really teaching you how the products work in a truthful fashion....they are only telling you how to sell IUL, not DEEPLY understand IUL. That....is dangerous

[@andrewdavidcourtney7665]

Thanks for the breakdown! Hello from Australia 🇦🇺 🦘 👋🏼

[@DiRTDOG187]

I went to a couple WFG meetings and you are right they were all about recruitment. Can you refer me to anyone I can ask to mentor me in San Diego California or how would I locate one? Thanks for the great video.

[@decotayou]

@Erik A .... Do you have a Job ? If you've ever been on a interview and got the job... Guess what? Your employer RECRUITED You!!!! Everybody recruits, how else will you build and grow... Large corporations hire (aka recruit) small businesses, etc. Everybody Recruits! So, obviously recruiting is not a bad thing...like everyone is making it out to be 🙄

[@LIFE180]

When the business model is more about you recruiting than learning your craft, there is a moral hazard built into the comp plan....

[@jasonchien6622]

@@LIFE180 thats the portion these clowns skim over. Companies have a budget for hiring, but wfg the hiring somehow is tied directly into the compensation of the organization. If thats not a pyramid scheme iono what is

[@Rude_Boi]

Erik A. I was in WFG in San Diego, CA. My advice is: *DON'T JOIN THEM*

[@Seanwellsf150]

I’m in WFG, the truth is lack of training. It’s based on who’s team you are on. A lot of us are in teams. And each of them train their downline team members. Some teams really care of their agents. And some are true dictator asshole team leaders that leave you to learn on your own. I got the asshole team leader. I been in for 2 years and I still don’t know what to do. It’s recruit recruit recruit is all he preaches. I am one whom want to master the products and help people the honest way. I know deep down in my heart I’m not ready to recruit anyone until I master my craft. How can I join and learn from you? What if I have 2 people on my team and I want them to come with me? They are go getters but dread it as much as I do. I’m going to DM you!

[@LIFE180]

Hey Sean, if you want to set up an interview to learn more about what it's like to be an agent with LIFE180, go to LIFE180.com and scroll to the bottom. There is an agent interview link.

[@Seanwellsf150]

@@LIFE180 I will!!!! Thank you very much!

[@harishmonsingh1918]

What was your experience

[@Seanwellsf150]

The worse experience ever. If one of your downline ended up with a contract and then the person decides to cancel, you need to pay back the person that cancelled, so your downline owes money and so will you. I was never told that. Lack of training and education for people that have families and have 50 hour jobs. My main upline told me to quit my job and give 100% to WFG. That was pure manipulation and disrespect only to line his pockets especially if you are new. And I lost a good amount of friends and family I tried recruiting. The no longer speak to me. I finally quit in July, but it was a hassle even to quit because of hidden fees you need to pay back to WFG.@@harishmonsingh1918

[@alexanderthomas2322]

Family First highest comp 👍🏽💯

[@LIFE180]

FFL has better comp, yes, but their model is still focused primarily on final expense and lacking in training for other concepts.

[@kajaljolly3091]

is there any plan for one year maturity period in WFG??

[@laughatmewithmebymeornotla9328]

Hi there I would like more information 😃 on this Lol 😅 I just joined yet, I am interested in really mastering this Products as I am in the Process of studying on my first week for the exam 🤠💯😁

[@LIFE180]

Make sure you master the products outside of their training system.

[@LIFE180]

What other info do you feel you need that would be helpful?

[@AlabamaCreek33]

@@LIFE180 This is very true! I was an agent for 8 years. I highly suggest that you do your own research, read books of many different perspectives when it comes to financial instruments and concepts to do what's in the best interest of your clients. Also not every so called financial expert knows everything. I highly suggest you develop your own financial methods.

[@theforce5191]

@@AlabamaCreek33 what books do you recommend?

[@Ryanw1213]

Hope you can do a video on Family First Life.

[@thesacredprofaneco]

They actually at least on the team I was on weren’t forcing me to recruit. It is very subliminal the way in which they are operating again at least on the team I was on. Which is one of the major teams within WFG

[@trevorsellsfords]

You missed some marks on WFG. You have never been in WFG and I think that makes you’re view point slightly off base. Nobody is forced to recruit plain and simple. I’m fact we tell people it’s not a requirement. You said they are FORCED. That is incorrect brother. And the ones who get recruited right off the bat are trained by someone who’s been certified to train others so it’s not the new person who trains them. We utilize leverage a lot.

[@LIFE180]

I've been the director of Biz dev for a top IUL company and have also consulted with major network marketing companies on comp plan design. The fact you don't see the moral hazards in the wfg system tells me you lake industry experience and have drank the Kool-Aid

[@Seanwellsf150]

I am a wfg agent as we speak I am on the other side of the coin! You got lucky on whoever you ended with. Yes we are taught to recruit! Fast and hard, the 7 day fast speed 1-1-7, thendo a grand opening hopefully you can get 30-100 people from your LIST we were asked to create, then the 3-3-30 3 recruits, 3applications in 30 days, and of course we get the lower percentage of the cut. Like I said in my earlier posts, where is the links to learn how to do the applications? My upline is to busy with his other legs, and legs of legs, and legs of legs of legs of legs, to even bother, so even if you try to ask him/her, you are S*%$ out of luck your messages dont get any response so there goes my 1;1 with my prosect, Mine is the Team leader, and above him, its straight up to Eric Olson himself. So I dont like how shitty I feel as useless uneducated agent because I have been pretty much abadonded, and I have been trying to find a learning solution on my own now, and I came to this page on HOW TO "WORLD FINANCIAL GROUP TRAINING" yes, I literally typed that in out of desperation so I can learn. Leaverage like i was saying, some say you cant go out of your team, and now some say you can. At this point this business gives me anxiety because people are counting on me and I want to do right in peoples eyes. Just how they the education system is or lack of seriously makes me not want to approach anyone about any product of insurance. Its like trying to learn how to drive a stick shift, but they only taught you the shortcut way one time and you figure it out on your own and telling you your not moving fast enough.

[@paramjitjudge1205]

really helpful. please provide information on how to start your own business and where to get info need to sell products and business support.

[@LIFE180]

How to start as an independent is quite simple. Find someone who has an IMO contract (that's all WFG and PHP are...IMOs), and get a deal with them. Make sure their training is in alignment with what you feel you need. I have several I could connect you with depending on how you want to build your business. But they all start you about 3x the comp rate of wfg and php

[@LIFE180]

You need to get licensed, get E&O insurance and get appointed to a carrier or multiple through and IMO

[@dailyresolution]

Towards the end you promote your own network of people you knoe which is great, it just showes your got your own agenda too.WFG and Prime America and other companys alike are set up for you to be a lead colector and refer people you dont get to do your own deals untill your Marketing director. Its easy to point out the weak points. The truth is your role first is to get licenced and to invite and refer friends in the beggining. If you have a thing for tradicional agency and doing it all on your own knowing everything before you make a move, yes a tradicional agency is better. If you dont mind being a lead colector and referal engine in the beggining and letting your leaders do most of the work while they close 80% of your deals before knowing everything than WFG may be as good or better.

[@LIFE180]

actually, when I first started making videos on WFG and PHP, I had no agenda (go look). I had nothing to offer. Creating an agency using my industry experience was something that I felt I had to do to help all the people who wanted to have an IMO to call home that offered the best product and business training NOT focused on recruiting (but allowed you to recruit and build a team if you wanted). Paying people 30% comp out of the gate is horrible. Making them split cases with their uplines who are already overriding the sale is deplorable, in my opinion. I hear what you are saying, but when you put that much blind faith into people before you understand anything about the biz, it is a recipe for disaster. That is why I receive literally HUNDREDS of emails every year from WFG and PHP agents...

[@TheOpinionSports]

The problem I have with your videos at times is you aren’t 100% accurate in your statements. When someone joins WFG they do not have to recruit, sure does WFG prefer you recruit immediately but you don’t have to. If someone wants to learn first they are welcome to do so we don’t fire someone if they aren’t recruiting.

[@LIFE180]

Seriously, it's not about "need to"...it's about the culture and expectation. The comp plan is designed that if you don't recruit first you aren't making any money. Not a recipe for success. And certainly not designed in a way that has the client in mind

[@TheOpinionSports]

@@LIFE180 that’s not true as far as not having the client best interest in mind. You make it seem as if WFG just lets new agents design policies without the proper training and coaching with is not true And the reason anyone in anything would want to recruit eventually is because who really wants to just be selling their whole life?? You wanna be 60 years old sitting across the table still selling?? Good luck just living off renewals.

[@TheOpinionSports]

@@LIFE180 also even if a brand new person recruits and brings on another brand new person in order to actually take that new person in the field for training someone has to be approved and signed off to do so by the Sr Marketing director. So until let’s say Brand new person 1 is signed off even though they recruited brand new person 1b then someone who is certified to train will train Brand new person 1b. You make it seem as if anyone who recruits is allowed to automatically start training. Sure this business does have a learning curve but to say you have heard so many stories of people who joined and didn’t have the support I can say the same about any other outfit or group there are so many who joined those and quit cause they were not progressing

[@LIFE180]

@@TheOpinionSports listen, if the company only pays 25-30% comp out of the gates for new recruits yet they are also not able to own the client relationship (which I have heard too many first hand stories to not believe it is happening), and they have to split the case with their upline....it's just a lead factory for the upline.

[@LIFE180]

@@TheOpinionSports any real agency that brings new people on knows how hard it is to begin. If anything, they give them higher comp out of the gate to help them succeed. Or, if they are independent, they get higher comp out of the gate so when they have to split a case, at least they are getting enough to feed their family. With this comp plan, it's too incentivized for people to do the wrong thing....

[@diljotbenipal5323]

This is exactly what is happening to me, the mentorship is not right

[@LIFE180]

Sorry to hear that .....😕

[@diljotbenipal5323]

@@LIFE180 I was like, how can they ask me to recruit people when I don’t know anything about anything in this company I am like I want to learn more about whet they do and how they do it but they don’t want to share or maybe they don’t even know themselves because they just keep recruiting people without any training

[@LIFE180]

@@diljotbenipal5323 it's pure insanity

[@imanshahid1956]

New reps should always have their trainer with them.

[@LIFE180]

Right. Sure. But then the trainer over rides and splits case? Plus, I've spoken to the trainers, they can't even explain to me how IUL actually works. But they are real good at selling of a presentation deck

[@briant1226]

So I was recruited by WFG to be an agent and now I want to get out of it. Already spent $300 and realize it was a costly mistake. Haven't got a license yet. How do I resign from WFG especially with all the agreements I signed and the personal information they kept?

[@LIFE180]

The money you spent is gone, but I would be curious to know why you thought it was a mistake? Are you still wanting to be in the , but just not with them? Or is the industry not for you at all? They can't do anything with your personal information. Plus, the contracts were likely just you agreeing to be captive with them and not be able to work with anyone else - with the threat of being fired if you did. Pretty standard stuff for the industry when you work for an agency like them.

[@briant1226]

@@LIFE180 Nothing against the company, but it is not what I want to do especially dragging my friends and family to be part of referrals and recruitment. I'm not comfortable with that. I'm not into this industry, but I respect other people who do. Good luck to everyone else.

[@theforce5191]

@@briant1226 I didn't sign anything going in. And only paid 100 admin fee. You don't need to "drag" anyone in. It's all up to you, they only mention family because they already know you. You have to do your research as far as product knowledge goes.

[@shawndythomas2683]

I'm curious, how did you end up paying 300$ ? The only fees to join is 100$ CAD and then nothing is forced on you. If you paid for any product, then you're most likely paying for insurance or investing your money ( In which case it would still be yours ). So, what did you buy for 200$ that's not the only fee to join?

[@roxannwhittingham7040]

Dm me if you need an alternative 😉

[@weisoman5323]

I went to a meeting with them to become an "agent". And I asked what's the best way to make money. Because at the end of the day I have bills. And I was told enlisting people under me was the best way because I get a cut from everyone I enlist and everyone they enlist. Straight up pyramid.

[@theforce5191]

Idk why you put agent in parenthesis. You become licensed from the state, NOT wfg. Although you do make a small portion of money from those you recruit, you can make more from policies. This is your own business so if you need to make money NOW, you have to start selling NOW. You do know companies have pyramids right lol? Who's at the very top making money? Your boss.

[@LIFE180]

While I don't like the products or strategies of WFG, I will say it is not a pyramid scheme. By definition, a pyramid means you can't make more than the person who recruited you....just to be fair...

[@trevorsellsfords]

Also it’s not a money grab. I feel like you’re bashing way too much and it’s not a fair assessment. We have tons of product training and many of us are incredibly smart. Nobody who is incompetent to help a client properly is allowed to help them alone. A trainer takes the lead.

[@LIFE180]

Also, WFGs #1 product offering is IUL with several companies. Yet I have not had 1 agent be able explain to me really how they work. They are only able to recite the classic sales strategies IULs are sold according to.

[@andyhenry6287]

This was a very amusing video! If I wanted to come here to get the facts on why not to join WFG I would rather here from someone with facts and not speculation. You made a lot of errors in the video. But hey keep trying to recruit to your agency! 🤣

[@LIFE180]

I made this video before I was aligned with any agency... Tell me what I got wrong rather than making a statement that is completely vague....🤣

[@LIFE180]

@Aziz Rahman thanks for the feedback, but who I feel sad for are the WFG agents and clients who are getting taken advantage of. If you want me to, I will do another video because I have learned a lot more since making this video, and it won't be good for people like you...

[@LIFE180]

@Aziz Rahman and once again, neither of you have said what I specifically got wrong....you just didn't like my presentation style? Is that it? 🤣

[@LIFE180]

@Aziz Rahman oh, I understand the model. I was simply trying to be a bit more kind. Probably a mistake in retrospect. What you don't know about me is that I am a believer in network marketing. I've consulted with multiple networking companies with a business partner on comp plan development. I also worked as the head of Biz Development for NLG (major IUL player). I'll do another video that lays out all the issues with the comp plan. On a side note, IF there was anything I said that was inaccurate in your eyes, let me know so I can either eat crow or counter. Thanks

[@dawnne7]

Didn’t he say that he wasn’t sure. He stated it was not definitive. He should’ve had a rep like myth buster who made comment as a guest and they do comparison chart.

[@JorgeDiaz-hn8eb]

When people had no vision and dreams, always will find and excuse to destroys yours< see you at the top

[@LIFE180]

I would like to understand how this assessment is killing anyone's dreams. In fact, it's showing people there are better ways rather than selling inferior products with poor product education so people are selling things they don't understand. Nothing about the WFG comp plan is good

[@jasonchien6622]

If your “dream” involves screwing honest ppl over the shit tier annuities you sell them then yeah fuck your dreams.

[@TheGman00910]

Its impossible for you to get to the top LOL see you on the streets in a couple years

[@YuhuanSong]

What do you mean by you have been a consultant with network marketing companies? You mean you have helped these predatory companies prey on innocent people? Also I disagree that it’s the bad apples. It is the company that’s predatory

[@zackcantu1476]

Chris is right if you are chump don’t join I’m a wfg agent best company ever if you aren’t a go getter plenty of 9 to5s for you only the strong survive

[@LIFE180]

Has nothing to do with being a chump. It has to do with the fact that if I am going to bust my butt and build my own business, I want to own it - especially in the financial space. That's not what happens at WFG.... The fact that you come on a comment and just start calling people "chumps" tells me enough about you....

[@NS-sm7dr]

Also if you're not good at lying you can't do it. Not doing it

[@LIFE180]

@@NS-sm7dr idk what this means...

[@NS-sm7dr]

@@LIFE180 I was part of it too, in the middle of the process I found out they were lying to me and were hiding a lot of info from me

[@mmasachris1792]

the problem is they give way less commission

[@LIFE180]

The problem is, they keep all your business. You are stuck in their system and not independent

[@aditya.montreal]

If you don’t understand the document properly, why are you making this video? Half knowledge is dangerous

[@LIFE180]

I understand the document. The comp grids are ridiculous. I've actually learned a lot more since making this video almost a year ago. I'll do another video that eviscerates WFG for how bad the comp plan is. Then you stack on top of that the fact they are selling horrible IUL products that non of the agents truly understand under the guise of "financial literacy", it's sad....

[@LindseyRobb]

@@LIFE180 Have you made an updated vid yet? I'm interested. I need to show this and others to a friend of mine who is feeling the pressure to activate her license and join WFG. They are already constantly hounding her to find 3 people.

[@semaryc]

Does a training sales get any commission ?

[@LIFE180]

Not sure I understand question/statement

[@semaryc]

Does a training associate gets any commission in training sales

[@gladec3896]

Only if licenced. But if join. They will overide them.

[@bobby_ewan]

@@semaryc only if they are licensed. Starting at 25% they have to split half. So 12.5% which is criminal

[@blesescalante1601]

Be in the organization before judging how it works,don't rely on google,as google is not accurate either,it's just human opinions only too

[@LIFE180]

My business partner was in the organization... for over a year. And he was very successful. If you disagree with anything I said, give specifics

[@jamalparker6328]

This guy is trying to speak from a club he can’t even get in. He’s not life licensed or security licensed big 🚩. Speculation is not fact.

[@LIFE180]

Haha, I was a top producer and the Dir of Biz Dev for the largest IUL company in the country. I could get my license tomorrow. I chose to not have it to focus on coaching agents and eliminate the conflict of interest the license would present... What am I speculating about? Have you seen my IUL challenge? If your products are so awesome, this should be no problem. I would love to give you $500 kzbin.info/www/bejne/mqS6o3uNps9qepI

[@n1ne7een90]

Damn he shut you up rq huh?😂😂

[@JATINVERMA-zh7kd]

‘’Credit dollar for dollar system I don’t understand may be I have good guess about that lol’’ may be bill is broke like you bro. Wow

[@LIFE180]

What are you talking about?

[@frankvo4819]

Can I learn from you ?

[@LIFE180]

I'm happy to talk about it. set up a time to chat... calendly.com/ChrisKirkpatrick/LIFE180

[@juanenriquerod1968]

you got it all wrong

[@LIFE180]

Awesome comment with no substance. Explain how I have it all wrong.

[@marcernest3165]

Make sure if you're watching this and you're curious to actually get to the bottom of it, that you find a wfg agent and dissect this video with them or at least do your own proper research (which is very hard to actually do unless you talk to a broker from wfg) before you believe this guy, because despite having good intentions, he's somewhat clueless and doesn't quite understand what he's reading

[@LIFE180]

If you think I don't understand what I am reading, I would invite you to come on a Zoom call with me and do a live recording / interview going over everything. By no means do I want to put inaccurate information out there.

[@marcernest3165]

@@LIFE180 I live in Canada, it wouldn't make much sense, this video is for USA compensation and the numbers here are different + I'm not sure if that's even permitted by our compliance department. Reach out to someone near you who's actually been doing it for more than 5 years and has gotten their senior broker promotion.

[@blesescalante1601]

exactly,he is not insider of wfg,and he is trying to compare on his experienced which he does not know the basis of comparison

[@sub_0ptic74]

You destroyed your own credibility in your own video. You compared a 2018 compensation plan from WFG with a 2014 compensation plan, YET you claimed in your video that the 2014 compensation plan was from 2020. Get your information straight before you critique a business.

[@LIFE180]

I had 1 document....that's it. And it says specifically updated 2018. Not much to get confused about.

[@sub_0ptic74]

@@LIFE180 Oh really? Go exactly to 24:45 in your video. You claim that what you’re showing is from “2020.” Out of your own mouth, while literally showing a plan from 2014. You people gotta check your own work. Shit is embarrassing

[@LIFE180]

@@sub_0ptic74 The plan I am showing says it is from 2018. I am not sure if I got mixed up in my words or what, this video was a long time ago now.... However, shoot me the current comp plan and I am happy to review that one if you think it is so much better.

[@sub_0ptic74]

@@LIFE180 Dude you’re ignorant. It’s not about “what’s better.” It’s about YOU misinforming people. LITERALLY go to 24:45 in your video. The plan has “2014” on two separate locations on the pdf you are showing, while you claim it’s from 2020. You COMPARED it to the 2018 plan. Did you hit your head?

[@LIFE180]

@@sub_0ptic74 if there was an error, I apologize. Wasn't intentional, that I can assure you. But, in reality 2005, 2014, 2022, it doesn't matter....the comp plan is atrocious.... if you understood the industry, you would know that.

[@trevorsellsfords]

The more I listen to this. (Commenting as the video plays) the more I can tell you aren’t very educated on all the nuances of our business. There as so many good people and we don’t do anything that can put a client in a bad spot. This is a sad take. You’re misleading people here.

[@LindseyRobb]

All he is saying is, go work for a better company where you will own your own business not be owned. Not hard to understand.

[@astghikkarapetyan97]

😂😂😂