Welcome to my Freedom Equity Group review.
You’re probably here because you either came across this opportunity while online — or like me you had a friend or family member ask you to join their team and now want to know more about it.
Now while this company may seem like a dream come true at first glance, there’s actually some important details you should be aware of before you consider joining it.
So within my post I’ll be discussing what this company is selling, how you’ll be making money with them, who the CEO is, and whether or not I think it’s a scam.
So without any further ado, let’s get into it!
Quick Summary Of Freedom Equity Group
Name: Freedom Equity Group
Price: $125 to join
Rating: 1 out of 5
What Is Freedom Equity Group?
Freedom Equity is an MLM ( multi-level-marketing ) company that sells life insurance products.
It was created back in 2002 by a man Ronald BloomingKemper who claimed to be in the life insurance and annuity business for more than 40 years.
However upon further investigation, it looks like he use to heavily promote another MLM insurance company called Primerica but then decided to abandon the company and promote this one instead.
So it’s hard to say how “educated” he actually is if all he’s doing is jumping from one opportunity to the next.
Anyways my wife and I had to sit through an hour and a half video call as one of our friends tried to persuade us to join this program.
And basically it was just listening to our friend’s sponsor give a hyped up presentation as to how amazing this company’s insurance was, and that we could easily make a full time income by selling this opportunity to our friends and family.
So since I review MLM’s just about every week, I decided to check into this company and see if these claims were true.
And just as I expected, the chances of earning a good income through this company is slim to none — but I’ll elaborate more on this in just a minute.
What Does Freedom Equity Group Sell?
After I sat through the presentation, I decided to go to their website to dig up more information as to what they were actually selling.
However I was shocked to see that there was basically zero information on what they sold.
All I really found out was Freedom Equity Group sells life insurance, and that they are actually the middleman of a few different companies such as AIG, Fidelity, American National, and more.
Now if this were a newer company, I could see having little to no information on their website to be acceptable. However for FEG to have been around for nearly 18 years, I find this quite unprofessional.
I imagine though this is probably done on purpose so that you have to talk directly to an affiliate of this company, that way they can try and lure you into joining their team and promote this business.
Freedom Equity Group Compensation Plan
Again as I was trying to figure out how this company’s compensation plan worked, but I was left with absolutely no information to go on.
And throughout the sales call I had with my friend, the only thing they kept reiterating was how much money I would be saving through their insurance and that generating an income through their company would be very easy.
However If I knew during the call that their website would have zero information on it, I would have asked a lot more questions.
So after spending what felt like forever digging around the internet, I finally managed to piece together how their whole plan works.
Within Freedom Equity Group, there are six affiliate ranks you can obtain.
- Training Representative
- District Manager
- Division Manager
- Regional Manager
- Regional Vice President
And as with almost every MLM out there, you’ll go up in ranks based on how many products you sell, as well as how many people you have recruited into your team.
Depending on what rank you are, will determine how much money you can make by selling their insurance directly to people.
Here’s the following amounts each rank will pay you…
- Training Representatives earn 30%
- Representatives earn 35%
- District Managers earn 40%
- Division Managers earn 45%
- Regional Managers earn 55%
- Regional Vice Presidents earn 70%
Freedom Equity Group uses a unilevel structure within their plan, which means that everyone you recruit will be directly underneath you.
So when you recruit someone they will now be on your first level. Then when someone on your first level recruits someone, this person is now on your second level. And so on and so forth.
Now how this company works specifically is they pay each Regional Vice President found within a leg of your team overrides — which basically is a commission paid to someone else.
This plan goes 6 levels deep, and here’s how much you can expect to earn per level.
- The first Regional Vice President = 14%
- The second Regional Vice President = 9%
- The third and fourth First Regional Vice President = 8%
- The fifth and six First Regional Vice President = 7%
I also found out while researching this company that you can get several bonuses such as extra money, fully paid vacations, and more.
But in order for this to happen you’ll have to recruit a certain number of people to your team, as well as make a certain amount of sales to qualify.
Of course this is much easier said than done, and on average about 1% of people actually ever achieve this.
So again after looking over their compensation plan, I would say it’s what I’d expect from the average MLM company.
Now if you want more details into this plan, you can view this YouTube video I found which covers a good deal on how it works.
How Much Does It Cost?
To join Freedom Equity Group, you’ll have to pay $125.
Now I’m assuming that there are probably a few extra costs involved when you have to obtain your insurance license — but I couldn’t find any information regarding this specifically.
Shocking right? (lol).
What I Like About It
- Freedom Equity Group has an A rating on BBB
One thing I always like to check when reviewing a company is if they are recognized with BBB ( Better Business Bureau ) — that way I can see if the company is good or not.
And I was pleased to see that they gave FEG an A rating.
But I guess I should have expected this since the company hasn’t gone out of business in almost 2 decades.
What I Don’t Like About It
- They have very little information as to how their business works on their website
One of the main things that put me off with this company was the lack of information they offered on their website.
Again this company has been around since 2002 — and for them to not provide how their compensation plan works, how much their insurance is going for, or even how much it costs to join is just ridiculous.
I mean how are you supposed to know if this something you want to invest in if you can’t even compare their plans with other competing companies?
Overall I found this very frustrating and feel they are losing a lot of customers as a result of this.
- You’ll have to bother friends and family
Freedom Equity Group claims to provide amazing training on how you can sell their insurance and recruit people into your team.
However their “blueprint for building a profitable business” involves just asking your friends and family members to join your team.
In fact they even say you will never have to talk to strangers or make cold calls — but rather you’ll always be talking to a friend or a friend of a friend.
Now the problem I have with this, is if their insurance is SOOO good — shouldn’t selling this product to a stranger be pretty simple?
Because I imagine it would be far more profitable to promote this opportunity to different people each week, rather than asking only people you know to join.
But sadly most MLM’s teach their affiliates to market to people only they know — and as a result people like you and me have to suffer the consequences.
And I have to tell you it’s not a comfortable feeling having to reject your friend or family members’ offer — because they get their feelings hurt which also makes you feel bad.
So overall I feel this is a terrible marketing strategy all around.
- You don’t have a good chance of earning a good income with this company
Within their sales presentation, they boast about how you can make 2 – 4k a month only working part time in their business.
However when you do some more research and look at their income disclosure, it will tell you an entirely different story.
Because according to them, an affiliate of this company is earning on average $7,000 a year or $600 a month.
I don’t know about you, but there is literally no way I can survive off of that amount of money — and the sad part is with just about every MLM I come across this is the kind of stats I always find.
In fact it’s been proven that 99% of people who join an MLM company end up making nothing — due to the high amount of costs they usually have to pay and the fact they are required to build large teams in order to succeed.
Is Freedom Equity Group A Scam?
Freedom Equity is definitely not a scam, however it’s a company that I would never consider joining.
The fact that they have zero information on their website is already a major turn off for me, on top of that in order for you to succeed you’ll have to build a large team of people underneath you.
And again their marketing strategy is to find people only you know — which to me sounds like an embarrassing way to go about making an income online.
So again I wouldn’t waste your time or money with this company — but I’ll let you decide what you want to do for yourself.
My Final Thoughts
Freedom Equity Group definitely is a legit company, and for them to be around for almost 20 years shows that they are doing at least something right.
However with them giving you almost no information as to how their business works, and the fact that when you do get to talk to one of their affiliates it feels like you are going through an overhyped sales funnel — I can’t say that I was really all that impressed.
Of course since they are an MLM company, the only way you’ll be making the big bucks is by building a team.
And I don’t know about you, but I don’t like having my entire income at the mercy of whether or not other people are motivated / skilled enough to sell a product.
This is why I prefer affiliate marketing to generate an income online.
There’s no recruiting whatsoever, you can sell whatever products you want, and you don’t have to spend a dime on advertising.
You simply create helpful content that will point people towards products that they already are looking for — then get paid a commission each time they buy something.
So if this sounds like something you might be interested in, check out my #1 recommended training online.
It gives you step by step training, 24/7 support, all the tools you’ll need to be successful, and best of all it’s 100% free to join.
I hope after reading this review you now have a better understanding as to what Freedom Equity is, and more importantly can now decide if you want to join them or not.
However if you have any questions or concerns you’d like to ask me, leave a comment below.