PHP Agency is an MLM company that markets life insurance. It seems fishy that they are more about signing up people then actually selling their products. So therefore it is an âIfâ and you canât really say if they do, in which they donât. So youâre telling me that since PHPâs compensation is your evidence, âphp agency compensation plan is not an opinionâ. RT (formerly Russia Today) is a state-controlled international television network funded by the federal tax budget of the Russian government. Every landlord subject to the Truth in Renting Act, (N.J.S.A. From the sounds of it, you and your team are only focused on recruitment. The company partners with leading insurance carriers to offer clients personally suitable life insurance and annuity products. Houston, Chicago, California, Florida.. Btw, PHP is in 49 states and Puerto Rico and coming soon to Mexico. 300 of your recruits must be licensed), generate 500 sales and at least 1,000,000 GV monthly, Chairman’s Council Employ and preserve at least 600 affiliates (12 Marketing Directors. I don’t recruit agents or affiliates but I do provide financial services. You don’t have to be a life insurance agency to market life insurance. PHP isnât an insurance company so why would they disclose information about that. PHP Agency is a multilevel marketing company, meaning that it makes money when people recruit lower-ranking members, who then funnel their sales commissions upwards. As an entrepreneur, the company provides a great opportunity for me to provide a variety of options to families and businesses that want to offer employee benefits. This product is totally unsuitable for this girl. the poor guy is so low end he doesnt even know it. At PHP we believe in bringing back the free enterprise system and basic responsibilities to America, these are some of the principles that once made our nation great. This isn’t disclosed on the PHP Agency website, in their marketing material or compensation plan, but it’s a requirement I saw pop up again and again in my research. Jun.04, 2018 in MLM Reviews. PHP Agency awards top performers on exotic trips to create lifelong experiences. Take any attempt to dodge the query or outright refusal to provide you with the requested information as an admission of guilt. 3) Confusing Compensation Schedule. At PHP you do not own your book of business, you are LOA which stands for licensed only agents, meaning php is your middle man between the insurance carrier. 120 recruits of yours must be licensed), make 200 sales and at least 400,000 GV monthly, Senior vice president Employ and uphold at least 300 affiliates (6 Marketing Directors. I have a pending lawsuit that I have filed pro se in Harris County, Houston, Texas against Rene Reyes, Selene duran and PHP Agency, inc. So you essentially have to start all over and don’t have a team to override. They work diligently to build their own teams. I invested a lot of $$, passed my general lines insurance test and then at the advice of a PHP agent, who advised me not to disclose my 27 year old past felony, (still have her text where she states this) did I get denied by TDI. It is the same for higher generations in a leg which a Marketing Director does not cap. 240 of your recruits must be licensed), generate 400 sales and at least 800,000 GV monthly, President’s Council: Employ and preserve at least 500 affiliates (10 Marketing Directors. The Scam is in here, not for the Agent but for the CEO …. The price level of this ⦠Whenever thereâs something that you ought to know about Russian women, it is they have a good number of endearing and admirable attributes that people are looking for in an partner. If you really dig deep on how these carriers really help families then youâd know how effect their job is and the services are legit. Also while it’s great to hear you focus on retail, that doesn’t change the fact that affiliates have no specific incentive to focus on retail sales. From agents I’ve talked to at PHP, they are mostly focused on mass levels of recruitment. Your intention is to derive people away from an organization that may be of help to them and others. They lure new blood and old dogs in with this, but all they are doing just like the others is combining the their personal contract levels and combining it with generational overrides to create a fictitious number. The 2nd begins immediately after. The company is based out of Texas and headed up by CEO and Founder, Patrick Bet-David. I have received a lot of response from present and former PHP agents about the fraud and deception that takes place. Just think $150 per new individual X 1000 recruit X Month X 12 Months = $1,800,000 per year pure clean $$$$$$$$$$. If you run into a bad agent that sells you a bad policy, call the Dept of Financial Services. You seem to have a reading comprehension issue. Update 15th October 2018 – As of October 2018 Bet-David’s Wikipedia entry has been deleted. They have a total of 4 plans that you can sign up to and be a part of (life insurance plans). Epic Trading Review – Huge Scam or Legit Forex MLM? It is led by Patrick Bet-David, CEO and Founder. Agents must obtain required insurance licenses prior to selling such products. An PHP Agency affiliate is placed at the top of a unilevel team by the unilevel compensation structure. Then again, I’m not a financial expert like yourself. How much does PHP Agency in the United States pay? As and when the affiliates sell insurance services PHP Agency pay them commissions. After a dinner event with George Will in 2009, he launched a website called Saving America and later a radio show broadcast in Los Angeles, to encourage people to be entrepreneurial and to educate people about fiscal responsibility. We know when we first started trying to make money online, we failed miserably and we had no idea how to recruit. Using this generational definition, PHP Agency pay a Generation Bonus on up to seven generations per unilevel leg. The second Marketing Director caps off the second generation and so on and so forth. Stop blaming your failures to other people own up if you do have a failure look back. The Truth About Russian Women Photos The New Angle On Russian Women Photos Just Released. If this is happening company-wide, PHP Agency is operating as a pyramid scheme. Wish you can go into more depth about that. If you wish to discuss non-MLM companies do it somewhere else. Contact the Department of Financial Services. You have to recruit so many people just to get a standard contract in the real world lol. So php own s your book of business. *brings nothing to the table* What is the point in contacting you? And? PHP Agency affiliates can earn a bonus 5% first generation rate is they have. I have very many successful PHP agents. PHP Agency is changing the face of the life insurance industry!! I felt duped and lost substantial amount of money. PHP Agency affiliates are paid commissions when they sell insurance services. In addition to being pay to play (never forcing your affiliates to purchase a product or service is a cardinal MLM rule), this casts a big question mark over retail focus within the company. Being an MLM company PHP Agency has a regulatory requirement to be upfront with consumers. You donât make money to recruit for PHP. And with that pseudo-compliance out of the way, if the majority of affiliates are buying from PHP and there’s no equivalent retail, PHP Agency is operating as a pyramid scheme. If you have to ignore the content of the review and come up with your own narrative, you’ve already lost. I have seen figures of around $600 quoted all up (includes insurance license), however due to a lack of disclosure by PHP Agency this is unconfirmed. As a potential affiliate, you have to dig out how many active non-affiliate insurance service subscriptions the person trying to employ you presently has. After leaving the Army he got a job at Morgan Stanley wealth management. How has PHP Agency responded to the COVID-19 outbreak? I don’t recruit but I like insurance. PHP isnât an insurance company so why would they disclose information about that, doesnât make much sense if you think about it, our purpose is to bring free enterprise and save American families from financial instability. PHP Agency Inc. is a national financial services marketing company with a compelling two-part vision: change the culture and diversity of the insurance industry and build the worldâs largest financial services marketing company in history. PHP Agency operates in the insurance MLM niche. Cool. It was like saying oh hey i have a friend who is hiring even though you’re the one whos recruiting. the guy in charge in the cheap suit is a kid named patrick betavid. Author: Oxnard, California. Whether you join them as an agent or do business with one of their agents, you will only lose your earnings ⦠Some say it’s a scam while others PHP Agency reviews are saying legit insurance MLM so what is it? That lends itself to affiliate recruitment at the expense of retail, which goes hand in hand with PHP Agency’s compensation plan. Elixoo Review: Meteorite powder products, because why not? A lot of people say that network marketing and multilevel marketing are pyramid schemes. You don’t make money to recruit for PHP. There you go. If you truly want to own your book of business, then you must be directly contracted to the insurance carrier where no on can manipulate your commissions. Presumably these are the providers of PHP Agency’s advertised services, however there’s zero disclosure on the company website. PHP doesnât recruit to insure their recruits and it definitely isnât a requirement or else there would be serious problems. However, they are not disclosed on its website. PHP needs to be investigated. Posted 2 years ago under Bias, Fake News, Technology, Truth, Truth Activists. Moving onto the compensation plan, the primary concern is that PHP Agency affiliates are required to purchase at least one insurance service. PHP Agency’s compensation plan is my evidence. The Company offers services for life insurance and annuity products. You claim all of the policy purchases are by affiliates. Seemingly in an attempt to defend this, on his own website Patrick Bet-David narrowly defines a pyramid scheme as having no product. The quoted text above is from the entry prior to deletion. /end update. We research prices and coverage details from dozens of insurance companies, carefully comparing options to get you the right coverage at the lowest price available Should I leave this alone? Although PHP is not an illegal pyramid scheme, it’s probably one of the least optimal agencies for insurance agents to join. Multisure Review: Legal and funeral insurance with pyramid recruitment, IFA Review: Insurance policies and chain-recruitment, CUF Marketers Review: â¦5000 NGN a month insurance recruitment, Prime Meridian Enterprises Review: Motor & life insurance policies, Affinity Business Network Review: Health insurance lacking information, Investview discloses iGenius in SEC filings (not EndoTech), OnPassive announces first service available to affiliates, Solmax Global securities fraud warning issued in Philippines, Samoan church officials stole millions, put it into OneCoin, iGenius Review: Investview continues sec fraud with EndoTech, Nimbus Platform Review 2.0: New Ponzi tokens, same scam, Wiseling claims contract signed with Central Bank of Finland. PHP Agency isn’t an insurance agency, it’s an MLM company that markets third-party financial services. I read the script and tryed it out a few times but i felt that it misleaded people. But you never mentioned proof about it, so Iâm curious where exactly you got that claim from to make a broad statement about it? PHP Agency’s compensation plan is not an opinion. It has nothing to do with how much executives earn or a company’s corporate structure. We Mentor Ordinary People, So That They May Create EXTRAordinary Income! The direct commission rates are given out by PHP Agency on insurance services sale based on rank: As a bonus, an extra PHP Agency direct commission of 40% is given out. Crowd1 Review – Legit MLM or Another Scam? As an experienced agent, here are a few problems I see with People Helping People: 1) MLM/Recruitment Oriented. After the event i found out that the money i spent to join was used to buy paint for one of the rooms being remodeled. It was launched in 2009. PHP Agency define generations within a unilevel team each time a Marketing Director is found in a unilevel leg. If no second Marketing Director exists in the unilevel leg, the second generation extends down the full length of the leg. Prior to finding PHP Agency, Bet-David doesn’t appear to have any MLM experience. Pros. I found this online about Matt Sapaula AKA @moneysmartguy, he is one of the top people in the agency, it will give you an idea what kind of people are top leaders in this company: ilsos.gov/adminactionssearch/adminactionssearch?command=viewPDF&itemId=92%203%20ICM7%20PRODCMZ13%20SE_AA_MgtView59%2026%20A1001001A13A07B02823B1786418%20A13A07B02823B178641%2014%201051, (If you can not open the link, just google this “STATE OF ILLINOIS Matthew Sapaula). What you don’t know is who that agent is appointed with. I’ve gone over PHP Agency’s compensation plan and it focuses on recruitment. Ref: FTC v. Vemma, FTC. Learn to read and we can go from there, thanks. that is why the recruiting mentality is the key factor at all times, can’t believe there’s a lot of Naive people there. It is led by Patrick Bet-David, CEO and Founder. When you don’t know, you write shallow blogs this. We are innovators at our finest!! If neither of those companies are MLM companies though it’s entirely irrelevant. The recruiting part is to offer an opportunity and build an office and then an agency. He launched a website in 2009 named Saving America. Agents have E&O insurance in case they are sued. I asked for information and she sent this video, â4 Steps To Create Wealthâ by that Patrick Bet guy. One other aspect I found disingenuous was the idea that PHP Agency affiliates could earn a “152% total gross payout”. It’s by design that PHP Agency’s required sales at each rank coincides with required affiliate recruits. But by making those statements that they recruit only, then I have the chance to prove you wrong as well. And every time somebody says, “pyramid scheme” they sound uneducated, so I’m going to explain it so people understand it and stop using it incorrectly. PHP Agency is a national, financial services company started in 2009 with humble origins and a grand vision. The good news is we are going to walk you through the company, products and compensation plan so you can make the right decision. Glad to hear you’re running your PHP Agency business (not a franchise) with a retail focus. To me it felt like I was in a cult. If the majority of PHP Agency’s company-wide revenue is derived from affiliates, then it’s a pyramid scheme. hes a fraud. Required GV at each rank is capped at 50% derived from any one unilevel team leg. In cases where there is no 2nd Marketing Director, the 2nd generation expands down the full length of the leg. That nice. You can read more about this on my PHP Agency review. Revital U Review – Legit Opportunity or Huge Scam? Trainee: Join as affiliate to fulfill week one in the system flow of PHP, Associate: Enlist 3 affiliates, generate 3 sales and at least 3000 GV monthly, Field associate: Attain an insurance license, employ and preserve at least 15 affiliates (1 Associate), generate 15 sales and at least 30,000 GV monthly, Director: Employ and preserve at least 30 affiliates (2 Field Associates or 1 Field Associate, Marketing director: Employ and preserve at least 50 affiliates (3 Field Associates or 1 Director, Senior marketing director: Enlist and uphold at least 100 affiliates (2 Marketing Directors, 60 recruits of yours must be licensed), generate 100 sales and at least 200,000 GV monthly, Executive marketing director: Enlist and uphold at least 200 affiliates (4 Marketing Directors. Broker firms always do commission and bonuses and a system to earn more. Furthermore it makes it impossible for prospective PHP Agency affiliates to make an informed evaluation of the opportunity, without copping a marketing pitch from someone with a vested financial interest in their participation. We believe in Capitalism, Entrepreneurship, and the American DREAM! When affiliates have to buy an insurance service, by default they will have the same number of services sold as affiliates recruited.
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