PHP Agency Review: Life insurance & recruitment?
PHP Agency was launched in 2009 and operates in the insurance MLM niche.
The company is based out of Texas and headed up by CEO and Founder, Patrick Bet-David.
As far as I can tell, Bet-David (right) began promoting himself as a financial advisor following a stint at Morgan Stanley Wealth Management.
According to Bet-David’s Wikipedia entry he joined the army after high school.
After leaving the Army he got a job at Morgan Stanley wealth management.
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.
Later that year he opened a financial services agency offering term and permanent insurance, debt settlements, and 401(k) rollovers into indexed annuities called PHP Agency, which stood for “People Helping People”.
Update 15th October 2018 – As of October 2018 Bet-David’s Wikipedia entry has been deleted. The quoted text above is from the entry prior to deletion. /end update
Bet-David doesn’t appear to have any MLM experience prior to founding PHP Agency.
In addition to PHP Agency Bet-David also runs Valuetainment, a moderately successful YouTube channel.
Read on for a full review of the PHP Agency MLM opportunity.
PHP Agency Products
PHP Agency bills itself as “a national financial services marketing company”.
Services listed on the PHP Agency website include:
- term life insurance
- return-of-premium term life insurance
- indexed universal life insurance
- no-medical exam life insurance and
- fixed indexed annuity
PHP Agency provide brief descriptions of each service however no pricing guidelines are provided.
While not disclosed on its website, “premier carrier partners” cited in PHP Agency marketing material include Foresters Financial, AIG, National Life Group, Nationwide, National Western, American National and Allianz.
Presumably these are the providers of PHP Agency’s advertised services, however there’s zero disclosure on the company website.
The PHP Agency Compensation Plan
PHP Agency affiliates are paid commissions when they sell insurance services.
PHP Agency Affiliate Ranks
There are eleven ranks within the PHP Agency compensation plan.
Along with their respective qualification criteria, they are as follows:
- Trainee – sign up as an affiliate and “complete week 1 of PHP System Flow (costs not disclosed)
- Associate – recruit three affiliates, generate three sales and at least 3000 GV a month
- Field Associate – get an insurance license (cost not disclosed), recruit and maintain at least fifteen affiliates (one Associate), generate fifteen sales and at least 30,000 GV a month
- Director – recruit and maintain at least thirty affiliates (two Field Associates or one Field Associate and two Associates – six of your recruits must also be licensed), generate thirty sales and at least 60,000 GV a month
- Marketing Director – recruit and maintain at least fifty affiliates (three Field Associates or one Director and one Field Associate – fifteen of your recruits must also be licensed and appointed), generate fifty sales and at least 100,000 GV a month
- Senior Marketing Director – recruit and maintain at least one hundred affiliates (two Marketing Directors – sixty of your recruits must be licensed), generate one hundred sales and at least 200,000 GV a month
- Executive Marketing Director – recruit and maintain at least two hundred affiliates (four Marketing Directors – one hundred and twenty of your recruits must be licensed), generate two hundred sales and at least 400,000 GV a month
- Senior Vice President – recruit and maintain at least three hundred affiliates (six Marketing Directors – one hundred and eighty of your recruits must be licensed), generate three hundred sales and at least 600,000 GV a month
- Executive Vice President – recruit and maintain at least four hundred affiliates (eight Marketing Directors – two hundred and forty of your recruits must be licensed), generate four hundred sales and at least 800,000 GV a month
- President’s Council – recruit and maintain at least five hundred affiliates (ten Marketing Directors – three hundred of your recruits must be licensed), generate five hundred sales and at least 1,000,000 GV a month
- Chairman’s Council – recruit and maintain at least six hundred affiliates (twelve Marketing Directors – six hundred of your recruits must be licensed), generate six hundred sales and at least 1,200,000 GV a month
GV stands for “Group Volume” and is sales volume generated by the sale of insurance services by an affiliate and their downline.
Required GV at each rank is capped at 50% derived from any one unilevel team leg.
Note PHP Agency do not disclose affiliate signup, insurance license or appointment costs.
Direct Commission Rates
PHP Agency pay direct commission rates on insurance services sold based on rank:
- Trainees earn 30%
- Associates earn 40%
- Field Associates earn 50%
- Directors earn 60%
- Marketing Directors earn 75%
- Senior Marketing Directors earn 77%
- Executive Marketing Directors earn 78%
- Senior Vice Presidents earn 79%
- Executive Vice Presidents earn 80%
- President’s Council affiliates earn 81%
- Chairman’s Council affiliates earn 82%
Direct Commission Bonus
An additional 40% direct commission is paid out as a bonus.
- recruit 10 affiliates, have had 25 potential applications filled and generate 25,000 GV = 5% bonus
- recruit 25 affiliates, have had 25 potential applications filled and generate 50,000 GV = 10% bonus
- recruit 50 affiliates, have had 50 potential applications filled and generate 100,000 GV = 20% bonus
- recruit 100 affiliates, have had 100 potential applications filled and generate 200,000 GV = 30% bonus
- recruit 150 affiliates, have had 150 potential applications filled and generate 300,000 GV = 40% bonus
Applications are cited as “base applications” in the PHP Agency compensation plan.
No explanation is provided and I’m not entirely sure what an application is referring to.
I’ve gone with affiliates who don’t complete the signup process but it could also refer to insurance service applications.
Generation Bonus
PHP Agency pay a Generation Bonus via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
PHP Agency define generations within a unilevel team each time a Marketing Director is found in a unilevel leg.
The first Marketing Director found caps off the first generation, with the second beginning immediately after.
The second Marketing Director caps off the second generation and so on and so forth.
If no second Marketing Director exists in the unilevel leg, the second generation extends down the full length of the leg.
The same is true for higher generations within a leg that are not capped off by a Marketing Director.
Using this generational definition, PHP Agency pay a Generation Bonus on up to seven generations per unilevel leg.
- 10% on the first generation
- 5% on the second generation
- 4% on the third generation
- 3% on the fourth generation
- 1% on the fifth, sixth and seventh generations
PHP Agency affiliates can earn a bonus 5% first generation rate is they have
- 10 personally recruited affiliates
- 25 potential applications filles and
- 25,000 GV a month
Note that generation calculation for each unilevel leg is done independently from the other unilevel legs.
Recognition and Rewards
The PHP Agency compensation plan details a “$100K Ring” and “$50K Watch” under Recognition and Rewards.
No qualification criteria is provided.
Joining PHP Agency
PHP Agency do not disclose affiliate costs on their website or in their marketing material.
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.
Conclusion
As the founder of a YouTube channel with 700,000+ subscribers, Patrick Bet-David has some sense of the information age we live in. The lack of disclosure to potential affiliates and customers on the PHP Agency website is inexcusable.
It’s 2018 and restriction of information as a marketing strategy is outdated and anti-consumer.
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.
At a very minimum PHP agency needs to be upfront about potential affiliate costs and that of their offered insurance services. Even estimated cost ranges would suffice if actual costs differ geographically within the US.
Moving onto the compensation plan, the primary concern is that PHP Agency affiliates are required to purchase at least one insurance service.
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.
It’s by design that PHP Agency’s required sales at each rank coincides with required affiliate recruits.
If an affiliate has to purchase an insurance service, by default you’re going to have the same number of services sold as affiliates recruited. With that in mind I’m not sure why PHP Agency even bother to differentiate the two.
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.
PHP Agency affiliates have no incentive to focus on retail sales. They get the same financial benefit (more so even), by just focusing on recruiting new affiliates – who are required to purchase an insurance service.
If this is happening company-wide, PHP Agency is operating as a pyramid scheme.
Seemingly in an attempt to defend this, on his own website Patrick Bet-David narrowly defines a pyramid scheme as having no product.
A lot of people say that network marketing and multilevel marketing are pyramid schemes.
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.
In a pyramid scheme, a product doesn’t exist.
This is patently false.
Pretty much every modern pyramid scheme, particularly of the MLM variety, has attached products and/or services.
Significant retail sales is the differentiating factor between a legitimate MLM company and a pyramid scheme – of which there is no mention of in Bet-David’s explanation of MLM and network marketing.
This to me suggests Bet-David has no issue with retail sales being negligible in PHP Agency, even if the FTC might.
One other aspect I found disingenuous was the idea that PHP Agency affiliates could earn a “152% total gross payout”.
Obviously math is math and nobody in PHP Agency is earning 152% of a payable commission.
What should be disclosed is that affiliates receiving over the 100% commission rate are just getting an extra cut of whatever PHP Agency receive from their third-party insurance partners.
This type of misleading “152% commissions” marketing has no place in a legitimate MLM offering.
Speaking of which, the good news establishing whether PHP Agency is operating as a pyramid scheme on a micro level is relatively straight forward.
As a prospective affiliate, you want to find out how many active non-affiliate insurance service subscriptions the person trying to recruit you currently has.
Once provided, you want to compare this with the active number of insurance service subscriptions held under them by recruited affiliates.
What you’re looking for is a pretty even match. If retail subscriptions are dwarfed by affiliate held subscriptions – or worse non-existent, you’re looking at a pyramid scheme.
Take any attempt to dodge the query or outright refusal to provide you with the requested information as an admission of guilt.
Righting the ship would require PHP Agency to offer full public disclosure on their website.
Seeing as the company has no problem enforcing sales quotas, retail service subscriptions would then be introduced at a minimum 1:1 ratio.
Forcing affiliates to purchase subscriptions (either outright or by way of monthly volume quotas) also has to go.
Given PHP Agency has its tenth year of business on the horizon though, I wouldn’t be holding my breath – even with a decent life insurance policy.
Yet another insurance MLM spinoff, most of the top guys here came from world financial group, and If I wanted to I could expose some of these schemers who are not licensed and writing business through other such as their wife.
The compensation plan is no different from the other spin offs, 152% compensation is bogus. 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.
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. So php own s your book of business.
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.
You have to recruit so many people just to get a standard contract in the real world lol.
I can reveal much more…
I have a young friend who got caught up in this and was sold a whole life insurance policy as part of their rule that to be an affiliate, you have to buy a product. This product is totally unsuitable for this girl.
Has anyone successfully sued these guys for breach of fiduciary duty or consumer fraud?
The person who sold her this policy should at minimum lose their license to sell insurance.
Not that I’m aware of.
Great write up. I was with the PHP for well over a year. The compensation plans are highway robbery compare to what you can write directly with an insurance carrier or other independent agent brokerages.
One thing that isn’t mentioned is the exchange principle. One you become a Marketing Director your age expected to give one of your legs (direct generations) to your upline. So you essentially have to start all over and don’t have a team to override.
This motto is great for people who are still working and are not ready for true business ownership.
what else do you know please let me know.
I was a part of this “business” for over a year and needed extra money as my old job was stagnant (to say the least). Wasn’t until an acquaintance told about this and thought this can help me out…no it did not.
I began to notice a few months ago it is nothing more than a classic Ponzi Scheme and the Agents are too much into themselves and only “care” when you have new partner(s) or sell policies, that’s it.
Moreover the environment is too cut throat and if your pipeline is dry – you begin to feel left out as you’re considered lazy by them because “you didn’t work hard enough” or “didn’t believe in yourself” BS.
I felt duped and lost substantial amount of money. PHP needs to be investigated.
Hello everyone! I was invited to this program by this gal on instagram. I asked for information and she sent this video, “4 Steps To Create Wealth” by that Patrick Bet guy.
I watched it but it didn’t help explain what PHP is (probably the first red flag). I asked this girl what the agency does hoping she’ll be upfront but she said we need to plan an appointment FIRST! Should I leave this alone?
…did you even read the review?
Hello.
I have very many successful PHP agents. They work diligently to build their own teams and then go off to run their own home office.
I am not sure why the negativity on a financial service company? They work with high end, very well known and respectable carriers, their investors are extremely well known and respected in their field of expertise and they are state licensed agents.
The recruiting is like any other place of employment, you recruit to build your team. No one makes money off the agents, until everyone begins moving up and actually writing policies, which like any other financial service agency. (Brokers)
The difference? Everyone makes a big commission and not just the broker.
If you want a good interview with any of the owners, I am sure they would welcome the chance to set the record straight. Ask any of the major base shops. Houston, Chicago, California, Florida.. Btw, PHP is in 49 states and Puerto Rico and coming soon to Mexico. I’d say pretty successful for a “ponzi scheme”.
Enough dirt. Write intelligent pieces please.
Unless you work for a recruitment agency, recruitment isn’t part of typical employment.
Getting paid to recruit with little to no retail activity going on in MLM means that company is operating as a pyramid scheme.
From the sounds of it, you and your team are only focused on recruitment.
Syndee – what is the typical compensation to a newly recruited PHP agent on 20 year term?
I’m glad you wrote this. It seems fishy that they are more about signing up people then actually selling their products.
I hate how their team members are constantly flaunting their wealth such as cards watches, trips, obviously their company is not about the people that they should be protecting with their products but creating a false image of success. I hope they go down.
PHP is an insurance broker firm. Why are you looking for prices for licensing when those prices are governed by the state?
Each state issues insurance licenses. Contact the Department of Financial Services. I know hundreds of companies that do not post their prices because that’s not a good idea.
I don’t recruit agents or affiliates but I do provide financial services. We definitely do not promote whole life and no one is obligated to buy a policy.
PHP doesn’t sell insurance. Our agents write insurance policies for all those companies you named.
If you are looking for an opportunity to make money in insurance and interested in becoming an insurance agent, we, like so many other firms, can help and guide you. Primerica did it, then went public. PHP isn’t public yet.
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.
Some people don’t like to recruit but it is a way to build a downline to make residual money. I don’t recruit but I like insurance. So I make pretty good money helping people with insurance products and retirement.
If your job offers you insurance, they obvious went through an agent to sign up. What you don’t know is who that agent is appointed with. Even if he’s with a firm. PHP offers a franchise opportunity. Buy in, keep ypur company name, make money helping people.
I’ve been in insurance for 20 years. Every company pays their agents different. Broker firms always do commission and bonuses and a system to earn more.
I can’t believe the rest of the world is not knowledgeable of how financial businesses operate. Ughhh anyway. You want license prices, check the government website.
I also write policies for Aflac. Great supplemental health benefits. They don’t do a recruiter downline but it’s commission.
When you don’t know, you write shallow blogs this. If you run into a bad agent that sells you a bad policy, call the Dept of Financial Services. PHP doesn’t issue licenses and they can’t take it away. Agents have E&O insurance in case they are sued. They are independrnt.
If you don’t understand franchises, look at McDonald’s, Subway, Liberty Tax Offices, H&R Block and so many other well named companies that franchise.
Glad to hear you’re running your PHP Agency business (not a franchise) with a retail focus.
As someone who hasn’t recruited anyone though, you’d be a Trainee and earning the lowest 30% commission rate no?
Considering the maximum commission rate is 82%, that’s a lot of money to leave on the table. Then again, I’m not a financial expert like yourself.
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.
That lends itself to affiliate recruitment at the expense of retail, which goes hand in hand with PHP Agency’s compensation plan.
PHP Agency is first and foremost an MLM company. And an MLM company that derives the majority of company-wide sales revenue from affiliates is a pyramid scheme.
Just looking for more information… I was invited to be recreuted.
You’ll probably have to be a bit more specific as to what information you’re after beyond what’s already here.
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)
I join PHP thinking is was the best. I even paid there fee.
When I went to one of there big event meetings. To me it felt like I was in a cult.
Then they gave us a script that we had to practice on recruiting people not so much about selling insurance.
I read the script and tryed it out a few times but i felt that it misleaded people.
It was like saying oh hey i have a friend who is hiring even though you’re the one whos recruiting.
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.
That’s when i started investigating the company and realized what a big mistake I’ve done.
I’m not with php but if you want to look into the financial services industry please do your home work.
Any insurance agency “MGA” on your research start with what that stands for, is regulated probably more than any other type of business. To say that its a pyramid with out doing proper investigation a lack of good journalism.
OZ if thats your real name. Maybe you should see if the CEO of any major companies make less than the company president, and where the VPs stand, then directors, then the workers on the bottom??
I don’t know i think climbing the corporate latter is the way up to the top of the pyramid?!?
Typical company no one makes more than the person at the top and if a company doesn’t recruit there probably downsizing and laying off people. Companies that are growing are recruiting!!
Have fun working for someone else or be your own boss and at least you have a chance at being more than average.
PHP Agency isn’t an insurance agency, it’s an MLM company that markets third-party financial services.
Paying recruitment commissions makes an MLM company a pyramid scheme. It has nothing to do with how much executives earn or a company’s corporate structure.
I’ll take honest work for myself over spending my time posting regurgitated 1990s MLM memes on the internet.
Wonderfully said, I was researching the company after viewing the Ceo’s youtube channel.
I wonder if you want to be a affiliate if you really need to buy a health insurance policy, I fell for something similar except it was a water filter.
I think patrick is the best human being in the world what his doing is distributing the industry and i get it why some people don’t like him because some can’t stand his success.
Remember leaders doesn’t need everyone to like him and he probably don’t care if you don’t as well, stop wasting your time and go make your money like Patrick did but sorry i forgot that you jealous of people that is competitive like pat.
hope you realise life is not about investigating other people capacity test yours. Stop blaming your failures to other people own up if you do have a failure look back.
Please stop jealousy kills man byee.
If you want to run around with Patrick’s dick up your ass fair enough. No idea what lead you to believe this review was based on Bet-David’s success or lack there of though.
If you have to ignore the content of the review and come up with your own narrative, you’ve already lost.
Although PHP is not an illegal pyramid scheme, it’s probably one of the least optimal agencies for insurance agents to join.
As an experienced agent, here are a few problems I see with People Helping People:
1) MLM/Recruitment Oriented. Typically, agencies are either hell-bent on recruiting anyone who can fog a mirror, or hell-bent on training agents to become top producers.
From agents I’ve talked to at PHP, they are mostly focused on mass levels of recruitment. And generally, agent training suffers when the focus is on recruiting.
If you don’t want to recruit and you join PHP, you’re going to have a hard time.
2) Very Low Commissions. Relative to other insurance sales opportunities, compensation is low. Plus, it’s directly tied to recruiting, meaning you can produce a healthy volume of production but still have sub-par commission levels if you don’t recruit.
3) Confusing Compensation Schedule. Compensation plans should be easy enough to understand that a 5th grader could comprehend it.
All these legs, generations, etc., should raise a red flag. Compensation should be straightforward and easy to understand with zero confusion. As they say, the devil is in the details.
For decades, Network Marketing has (Ozedit: derail spam removed)
FACTS on PHP:
*A true pyramid scheme is illegal, relies on a never-ending chain of new members, and provides no product or service
*PHP’s membership enrollment fee provides unlimited access to in-class and online live, remote and self-serve training
*PHP is the first and only company of its kind to have a former U.S. President attend and speak at our event… George W. Bush
*Oscar De La Hoya’s team performed a thorough independent audit of PHP prior to becoming a key investor
*PHP agents receive no monetary compensation, or income whatsoever for simply recruiting a new agent or representative
*The compensation plan in this type of business model is one of the most competitive in the industry
*Term insurance is not for every client
*Newly enrolled PHP agents are never obligated to buy from PHP, they are asked to have Moral Authority when entering a profession that promotes Financial Literacy and ensure that they are not promoting life insurance without having some form of life insurance of their own
*PHP has earned themselves the respect of former President and CEO of LIMRA, Robert Kerzner whom is now on their Board of Directors
*PHP’s Entrepreneur Leadership program is definitely not for everyone and until the end of time, many will never truly understand the difference between being self-employed and a true business owner
True pyramid or no (whatever that means), an MLM pyramid scheme generates more revenue via its affiliates (recruitment) over retail sales. Ref: FTC v. Vemma, FTC. Herbalife.
If the majority of PHP Agency’s company-wide revenue is derived from affiliates, then it’s a pyramid scheme.
And? Legitimacy via association isn’t a thing.
Cool. 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.
PHP is Bright smart Godly people that love to help other people. I am proud that they made a place for people to have what they want in Life.
And it’s not just for them, There givers not takers and they all are pashionate hard workers and are blessed ty PHP Rules!
Right. Let’s pretend PHP Agency isn’t an MLM business opportunity.
Now everybody hold hands and sing, “rainbows and unicorns!”
You don’t make money to recruit for PHP. Also, if you reach a promotion you dont have to maintain all or none of the partners you brought in to remain at that level.
For example, if you reach MD and everyone quits on you- you will maintain the same contract level.
There’s definitely pros and cons of the company but some of the information provided here is wrong.
You do if the majority of policies sold within the company are bought by affiliates.
An MLM company can’t pseudo-compliance its way out of having negligible retail sales.
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.
I am at the discovery level at the moment. PHP is represented by Bell, Nunnally & Martin LLP from Dallas, Tx. I have received a lot of response from present and former PHP agents about the fraud and deception that takes place.
I invested a lot of $$, passed my general lines insurance test and then at the advice of a PHP agent, who advised me not to disclose my 27 year old past felony, (still have her text where she states this) did I get denied by TDI.
Looking forward to trial, but these potential causes of action, may soon become a class action.
The CEO makes money on recruiting.
Just think $150 per new individual X 1000 recruit X Month X 12 Months = $1,800,000 per year pure clean $$$$$$$$$$.
the $150 it’s just for you to have access to their website. Owning a website it’s just like about $20k investment for a business owner.
That is why their mentality it’s pure recruiting for the CEO
Once you have license the return of investment is almost ZERO cuz once your recruits find out they were scammed.
They cancel their policy but the $150 membership fees stays in the CEO account….
The Scam is in here, not for the Agent but for the CEO ….
that is why the recruiting mentality is the key factor at all times, can’t believe there’s a lot of Naive people there.
Well, as you do know PHP was actually noted to be a Financial Marketing Organization by Forbes Magazines.
PHP is still a private company and some information is not disclosed to the public, but nothing to hide that’s illegal or wrong to screw others over.
Yes, people invest money to have a license and pay for a platform that allows them to track their book of business, instead of having to go through the struggles and creating it yourself. Wish you can go into more depth about that.
You explain many things correctly but then you go off with bias options and not facts to disclose the actual information.
Your intention is to derive people away from an organization that may be of help to them and others.
If you truly want to argue your point, go with both perspectives and let someone decide for themselves and let them paint the picture.
If you really want to go off that we don’t disclose exact quotes from the insurance companies then search for it on their websites.
PHP isn’t an insurance company so why would they disclose information about that, doesn’t make much sense if you think about it, our purpose is to bring free enterprise and save American families from financial instability.
If you really dig deep on how these carriers really help families then you’d know how effect their job is and the services are legit.
PHP doesn’t recruit to insure their recruits and it definitely isn’t a requirement or else there would be serious problems. That is up to the new agent who came on board.
The recruiting part is to offer an opportunity and build an office and then an agency. It’s called building business entrepreneurs.
If you look at who gives people jobs, it’s entrepreneurs (Ozedit: derail waffle removed)
And? Legitimacy via association isn’t a thing.
Out of curiosity I went looking for something on PHP Agency and Forbes and came up blank.
There’s a 2010 Facebook post from PHP linking to some Forbes article but the article itself was deleted years ago.
Being an MLM company PHP Agency has a regulatory requirement to be upfront with consumers.
Whether the company is private or not is irrelevant with respect to potential violations of the FTC Act.
Feel free to point out any examples. Sidestepping into why the review was written is a strawman.
Because as an MLM company PHP Agency markets life insurance. Herp derp.
Whether it’s required or not is irrelevant. If the majority of policy purchases through PHP Agency are by affiliates, then it’s operating as a pyramid scheme.
If you wish to discuss entrepreneurs and what not in a general sense, do it somewhere else. Thanks.
I understand the fact that since the company doesn’t disclose information on their webpage. But you mention about how PHP markets life insurance, again PHP is not a life insurance agency, they do not sell life insurance. The companies they promote do.
Life insurance and annuity firms, none of the life insurance policies that have been provided to clients don’t say PHP on it.
Like other companies. They are considered non captive agents providing the resources of other companies or Financial Representatives.
You claim all of the policy purchases are by affiliates. But you never mentioned proof about it, so I’m curious where exactly you got that claim from to make a broad statement about it?
Therefore (Ozedit: derail waffle based on false pretenses removed)
Cool. You don’t have to be a life insurance agency to market life insurance.
PHP Agency is an MLM company that markets life insurance. Herp derp.
No I stated “if”. As detailed in the review, PHP Agency’s comp plan lends itself to recruitment over retail – suggesting there’s not much going on outside of recruited affiliates purchasing policies.
Learn to read and we can go from there, thanks.
Ok great man, keep calling me a herp deep, whatever that means to you. So therefore it is an “If” and you can’t really say if they do, in which they don’t.
Why are you (Ozedit: derails removed)
Prove it.
I’ve gone over PHP Agency’s compensation plan and it focuses on recruitment. That’s my evidence that it’s highly likely that there’s not much going on outside of recruited affiliates signing up for policies.
Well that’s great, I used to work for Panera Bread and they actually had posters up on the wall for associates to see, saying that if you recruited someone into Panera and the new associate reports that you referred them, Manna Development the Employer would give you $100 in your next paycheck.
Maybe they don’t focus on recruiting but hey they get paid for recruiting basically.
That nice. If neither of those companies are MLM companies though it’s entirely irrelevant.
Why is that irrelevant? I’m just stating to you a different point of view but your argument will always be, “they are an MLM” but again there is nothing to support your claim other than your opinion.
PHP Agency is an MLM company.
PHP Agency’s compensation plan lends itself to recruitment over retail.
MLM + little to no retail = pyramid scheme.
These statements are fact, not opinion.
If you want to claim PHP Agency is making more retail sales volume over recruitment, provide evidence.
If you wish to discuss non-MLM companies do it somewhere else.
Well thanks to you now we are all safe, am I right? I never made the claim, I stated your claim, which was “that is my evidence”. You are stating fact about MLMs leading to be pyramid schemes, it what you are not looking at is that you are saying that PHP is an MLM but don’t have that exact evidence proving your opinion.
Because I can agree with you that MLMs can lead to being a pyramid scheme. But you don’t have that factual evidence to support your claim. Why? Because I myself have seen that PHP do a handful of sales outside and not just focus on recruiting.
But yet again I that is my opinion and I can’t also prove that to you as factual. And yes you can argue with that but it makes it so much easier to be on the contrary.
But until you bring that opinion to be a fact I will believe you myself that PHP is an MLM.
But by making those statements that they recruit only, then I have the chance to prove you wrong as well. This isn’t a topic worth noting because it’s an invalid statement.
You seem to have a reading comprehension issue.
PHP Agency’s compensation plan is my evidence. PHP Agency’s compensation plan is not an opinion.
Great. That doesn’t negate PHP Agency’s recruitment focused compensation plan.
I’m not interested in your opinions or attempts to dismiss facts as opinions.
Never happened.
PHP Agency’s compensation plan lends itself to recruitment and an MLM company that focuses on recruitment over retail lends itself to being a pyramid scheme.
So you’re telling me that since PHP’s compensation is your evidence, “php agency compensation plan is not an opinion”. (Ozedit: Yes. Derails removed.)
There you go. I think we’re now on the same page.
Last warning, I’m not going to waste time editing future comments that attempt to introduce non-MLM parallels.
PHP Agency is an MLM company. Anything non-MLM related is irrelevant.
I’d love to hear more about whether or not the books of business actually follow the agent or not.
I was asked to ‘join PHP and the 1 thing she pushed was ‘we are different, if you decide to go with another company you get to take your clients with you’.
Hmm.. I’m starting to really doubt that now.. But would love clarification from someone who actually knows.