Family Heritage Life Insurance

www.familyheritagelife.com
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There are newer employer reviews for Family Heritage Life Insurance

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Helpful (3)

If there was a better sales job out there I would do it... But there just isn't!

  • Senior Management
  • Culture & Values
Current Employee - Sales Agent
Current Employee - Sales Agent

I have been working at Family Heritage Life Insurance full-time (Less than a year)

Pros

Freedom to work when you want to work. You can have a balanced and more fulfilling life not having to worry about only two weeks vacation, or what to do when you have to take care of a sick kid or family member. This is your life! Imagine not being confined to a desk 8 hours a day!!

Unlimited money. If you go to work (& are teachable) you WILL be paid. Yes, it IS 100% commission but with a product that sells itself if you just show 6 people a day you should have no worries of income. You can make 20k your first year or 200k. It's up to you! You get paid what you are worth! It's liberating!

Residual income even after you leave the company. Imagine receiving 50k+ a year not leaving your couch. After only 5 years with the company you are 100% vested in these residuals. If you pass, the residuals go on to your kids until there is no more money left (aka as long as policies are on the books).

Trips! So many trips! Cozumel, London, Denver, Tucson, Key West... (these have been JUST this year!!!) If you just do the bare minimum you qualify for all of these fun adventures and can bring your family too! We have so much fun as a "family" together.

Cons

The ONLY thing I could do without is cold calling (aka knocking doors)... PLEASE don't let this stop you from changing your financial situation though. Cold calling is just the beginning. It's only suppose to be 20% of how you get your business. I work primarily off referrals (after less than a year with company) and go back to cold knocking to keep the pipeline full once a week. Honestly though if this is the ONLY con what is the big deal? Most folks I know have a list of things they hate about their jobs/career.

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  1. Helpful (4)

    Family Heritage Life Insurance Company of America is a complete scam, both for the end-consumer and the employee!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales Agent
    Former Employee - Sales Agent

    I worked at Family Heritage Life Insurance full-time (Less than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Potential buyer beware. Potential employee (“independent contractor”) beware. This company solicits overpriced dread-disease policies (cancer, accident, heart-disease, and life insurance) door to door in lower-class areas, often to people who cannot afford traditional major medical health insurance. The only people who are really making money are the CEO, Howard Lewis, and his slimy entourage of upper management. You are merely a slave, given no base salary, no benefits whatsoever, who is encouraged to work from 10am to 9pm, Monday through Saturday to fatten the wallets of your managers while they are out brainwashing more potential sales reps. Why? Because the turnover for this legal pyramid scheme is through the roof – they can’t hire people fast enough to replace all of the turnover (which is probably in the 60-75% range. Seriously).

    Why this is an awful insurance policy to own:
    1) It is overpriced compared to Aflac and other policies available through your employer.
    2) They target people in lower-class neighborhoods, many of which don’t own a major medical policy. They are conned into thinking that “at least they have some coverage.” In reality, they do not – they are only covered if their family deals with cancer, heart disease, or accidents. And poorly covered, at that – the reimbursements hardly cover the money you pay in premium.
    3) The customer service is awful and they, like any other insurance company, will do their best to avoid paying claims whenever possible.
    4) If it was so great, wouldn’t you have called them? They just showed up at your doorstep to sell this thing to you. Doesn’t that sound a bit strange?

    Cons

    Why this is an awful insurance company to work for:
    1) Door to door. Residential.
    2) They place you in lower-class neighborhoods, encouraging you to work from 10am to 9pm at night. Most of these areas are unsafe after dark.
    3) No base salary. No benefits. Nothing. You pay your own gas, your own hotel costs, your own airfare to company functions, even the parties that are held at company functions – those go right on your tab! What a joke!
    4) 100% Commission-based. And the commission is entirely arbitrary – they assign your contract percentage based on how badly they want you to work for them. The directors/managers are on 80% or higher contracts. They give their slave labor contracts ranging from 30-70% of the premium amount. That means, in most cases, your manager makes MORE money than you do on YOUR sales!
    5) They don’t care if you quit – if you quit, your manager still gets paid on your policy for the time that policy stays on the books.
    6) Policy retention – these policies, much like the salesforce, have an incredibly high turnover. Policies are cancelled at a ridiculous clip – somewhere in the 25-30% range. If not higher.
    In summation, you are out of your mind if you are ever convinced that this is a good company to work for or buy a policy from. The polices are terrible, the salesforce is a bunch of kool-aid drinking half-wits who are merely slaves to their manager, who kicks back and makes the majority of the money while you sweat your tail off, selling this crap door to door. Buyer beware. Employee beware. You have been warned.

    Advice to Management

    Put on blindfolds, run around in traffic, and leave the general public alone.

  2. Helpful (1)

    sales rep

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Agent
    Current Employee - Sales Agent

    I have been working at Family Heritage Life Insurance full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    straight commission sales with good pay structure and bonuses

    Cons

    i do not have any

    Advice to Management

    go to work and get paid well. don't work and don't get paid

There are newer employer reviews for Family Heritage Life Insurance
There are newer employer reviews for Family Heritage Life Insurance

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