Is globe life really legit or a pyramid scheme?

So my friend works at Globe Life and she’s always sharing these posts where their employees are holding up big checks for $1000 or more from just a week’s pay. It got me curious, so I asked her about it. She said she could write me a policy and even sign me up on her team. That kind of raised a red flag. Now I’m wondering if I’m getting into something like a pyramid scheme? I don’t want to mess things up before I fully understand what I’m stepping into.

I used to work as a fully commissioned agent with a big life insurance company. I had a month where I made 17k. It felt like I made the right choice. But there was also a year where I only made 12k by June. So, you gotta remember both sides of the coin when looking at this.

@Alix
Which company was that with?

@Alix
What company do you work for now if it’s so much better?

Finley said:
@Alix
What company do you work for now if it’s so much better?

He’s not saying it’s ‘so much better.’ He’s just saying there are good months, but you can also have really slow months where you barely get by.

I don’t think it’s fair to label Globe Life as a pyramid scheme. Pyramid schemes rely on people constantly bringing in others to pay those already in. This sounds more like multilevel marketing, where you recruit others and earn a small percentage of what they bring in.

@Hollis
Well, they told my partner they needed to recruit five new agents a month and would get a cut of their sales. Isn’t that basically a pyramid setup?

Piper said:
@Hollis
Well, they told my partner they needed to recruit five new agents a month and would get a cut of their sales. Isn’t that basically a pyramid setup?

Nah, that’s just multilevel marketing. Unless everyone is paying upfront to sell nonsense like phone cards, it’s not really a pyramid. But it’s still something you should be cautious about.

Piper said:
@Hollis
Well, they told my partner they needed to recruit five new agents a month and would get a cut of their sales. Isn’t that basically a pyramid setup?

If everyone recruited five people each month, the numbers would get crazy fast. Within a few cycles, you’d have millions of people involved, and that’s just not sustainable.

@Tobin
Or you could just focus on making 100% of your commissions without needing to rely on recruiting.

Vance said:
@Tobin
Or you could just focus on making 100% of your commissions without needing to rely on recruiting.

Could you share more about how you do that?

@Tobin
I can see how it might look like a scam at first glance, but it’s more complex than that. You don’t just recruit anyone. Agents go through weeks of training, take a tough exam, and pass background checks. Most people don’t even make it through the process. So, it’s not as simple as you might think.

@Jamie
True, but many people who go into this are already licensed and just looking for new opportunities. A lot of folks never end up making the money they expect, though. Same with real estate agents—most of them don’t earn what they hope for, even with top-level licenses.

@Jamie
Yeah, nothing sketchy about having to work unpaid for weeks and pass a bunch of tests just to maybe make some money. Right.

@Jamie
Exactly! My kid got into this thinking she’d make big bucks. Two months later, she’s only made $600 and has spent more than that on licenses.

Eli said:
@Jamie
Exactly! My kid got into this thinking she’d make big bucks. Two months later, she’s only made $600 and has spent more than that on licenses.

It’s kind of like real estate, though. You pay for training, licensing, and promotion upfront. My partner did that, and the first year was tough. But now, a few years in, they’re making serious money. You just have to stick it out.

@Jin
Yeah, since I last posted, my kid’s actually doing better. She’s making regular sales now, and it seems like the company is really supportive.

@Hollis
These companies prey on people who don’t fully understand the insurance business. I’m an independent broker, and I make 100% of my commissions. Why settle for 25% and recruit others just to get a cut of what should have been yours in the first place?

@Vance
Are you able to sell Globe Life policies without being locked into working just for them? I’m in a similar position and would love to sell their policies while staying independent.

Finlo said:
@Vance
Are you able to sell Globe Life policies without being locked into working just for them? I’m in a similar position and would love to sell their policies while staying independent.

I work for Globe Life as an independent agent. If you’re interested, feel free to email me at chrisdowd1982@gmail.com.