A guy on facebook reached out to me regarding an opportunity to work with his company, BeneShield Financial. I later discovered after watching their sales video that they are a part of FEG.
BeneShield created a call center environment where they have people prospecting and whatnot over the phone (more or less) and when they get an interested client they send that lead over to the agent directly. The client doesn't pay for the lead. Instead they just call the lead or receive a call from the lead and potentially close it right over the phone in most cases.
They start you at 70% comp level (they call it the RVP level) if you already have a license and have sold some insurance. They, however do a 90/10 split of the sale (in addition to starting you at 70%). There is also a $300/mo
admin fee...my guess is it's for the CRM. They promise 30+ appointments or live transfers and require a minimum 10% closing ratio.
Oh lastly, they are selling IUL and their model is to essentially replace policies of existing insurance clients from various sources, positioning IUL as a "better" alternative to what they may already have going. Their main IUL carrier is AIG, which is disappointing in my opinion.
I don't think I will sign with them tho because for one I like North American and Allianz for IUL and for two they want you to write business ONLY through them.