I know a bit about life insurance and for me, this is something you need, especially when you’re the breadwinner of your family. It would also be good if they would force their agents to purchase their policy and let them realize whether they want it or not on their own.

With PHP Agency’s case, there’s no retail but they do offer a legit product, which is insurance.īut then, it would be better if they would be transparent about everything and focus less on recruitment. Even if there are retail sales by selling insurance, those who can recruit more will receive higher compensations.Īlso, there are no tangible products like slimming capsules or coffee and according to the Federal Trade Commission (FTC), companies without goods to sell is considered a red flag. The compensation plan focuses on those who can recruit more people. However, I can’t blame those who see this business model as a pyramid scheme because of how it works. It also has complaints but it’s good to know that the positive feedback outweighed the negative ones. I don’t think PHP Agency is not a Ponzi scheme.Īs mentioned, the company is legally registered and has a record with BBB. It’s a personal choice and no matter how big the commission is, it should not be the insurance company that will decide for the person to get it. While insurance is important, I believe that it should not be forced to any individual.

Other than the fees, for sure you will need to shoulder expenses, too once you become a financial agent.īefore you earn from selling insurance and the other financial services they offer and recruitment, you have to buy your own policy, too. You will spend money so I believe it’s just fair for you to know how much money you need to spend to become a member and if it’s really worth your time. The first thing that I noticed is that PHP Agency is not transparent about the fees that you will shoulder to become a new affiliate. This is important because to avoid setting false expectations. More or less, people have tons of complaints against it so it’s good to know that PHP Agency has more positive reviews.īut then, there are drawbacks that I’d like to discuss before you join the program. I’ve reviewed similar programs before, such as AmeriPlan and Primerica and as an insurance company, it’s not easy to get this kind of rating. However, PHP Agency is registered with the SEC and, although NOT accredited, it has a record with the Better Business Bureau with an A+ rating. You should contact the insurance company or insurance agent directly for applicable quotes.Some people might think of it as a Ponzi scheme or a pyramid because 1.) it sells insurance and 2.) It requires recruitment. Any rates listed are for illustrative purposes only. This content is not, and should not be considered to be, a recommendation to life insurance products generally or an endorsement of a particular insurer or product. For more information about any of the companies or products profiled herein, or to inquire about the purchase of insurance, please contact the insurance company, an insurance agent, or a financial advisor. Some coverages, discounts, and features may not be available in all states.

News nor the individual writers of this content are licensed to sell or advise on insurance products. News) prepared this content about insurance companies for general informational purposes only. When you use our links to buy products, we may earn a commission but that in no way affects our editorial independence.

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Php agency vs primerica