American Income Life - Pyramid scheme/MLM scam, stay far away | Glassdoor

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There are newer employer reviews for American Income Life

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Helpful (35)

"Pyramid scheme/MLM scam, stay far away"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Life Insurance Agent in Fresno, CA
Former Employee - Life Insurance Agent in Fresno, CA
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I worked at American Income Life full-time (Less than a year)

Pros

Free coffee, air conditioning, free life lessons on the pitfalls of a 1099 job. Learning how to recognize employment scams for future avoidance.

Cons

Lots.

For anyone thinking of working here, they should really understand how the company works before you get yourself involved with them.

American income is an MLM (multi level marketing) scam that uses insurance sales as a cover, probably for legality reasons and the optics of legitimacy. You will be lied to constantly here from the time you walk into the door to the day you eventually quit.

This is a 100% commission insurance sales job complete with cold calling and door to door sales on the surface but don't expect to make anything for a long time if you just decide to go down this route. Renewals don't kick in for an entire year and even then they will be low. The leads are cold and most will be angry. Some will be so ignorant or stupid they will probably buy from you. You have to sell them overpriced whole life though or the infamous 10 year term that acts like a ticking time bomb. Here's some fun facts about AIL's products: All of their term insurance can be converted into whole life! Great until another agent comes in after you've sold a term product, converts your policies into whole life and takes your renewals and steals your sale.

The insurance side of AIL is largely a waste of time and money though, if you really want to make anything here you need to become a great liar and start recruiting. The company's compensation model is based off recruiting as many people as possible, similar to a cattle call. You make money off their sales (a "down line") and money off of their recruits. You want to try and make your down lines as large and deep as possible. Sound familiar? Probably if you know anything about how companies like Avon and Amway work. It's the same model they use at AIL, recruiting is compensated better than actually selling anything, which is technically a pyramid scheme. Your managers will push recruiting harder than anything to reinforce this, as most of the young people they hire aren't from a generation familiar with how companies like Amway operated. Oh and the constant high burnout and turnover rate is because you stop getting increased commission from your recruits after 6 months so it's more profitable to just drop them and hire on the next batch of suckers.

Advice to Management

Hire some good lawyers, you've been forced to payout lawsuits before, and it's only a matter of time before you get more dropped on you by some poor victim of your scam. "Mandatory" meetings for your 1099 employees and micromanaging their every move is eventually going to bring your gravy train crashing to a halt.

Other Employee Reviews for American Income Life

  1. Helpful (2)

    "Sales"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in South Paris, ME
    Former Employee - Anonymous Employee in South Paris, ME
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at American Income Life (More than a year)

    Pros

    Lots of contact with clients.

    Cons

    Lots of dead-end leads. Too much driving time and a very small check.


  2. Helpful (4)

    "Insurance agent at Surace smith"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Sales Agent in North Royalton, OH
    Current Employee - Insurance Sales Agent in North Royalton, OH
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at American Income Life full-time

    Pros

    income potential
    If your goal in life is to be rich with no regard to
    Morality then the job is perfect for you

    Cons

    Rampant lying and misleading of clients.
    You will be micromanaged all day every day.
    Your life will be work and little else, regularly work 7 days a week.
    Management will encourage you to neglect your family in order to work more.
    They blatantly lie to people to get them in for an "overview" and then even at the overview they are extremely misleading about what your job really is.
    Frankly this place makes me sick to my stomach.

    Advice to Management

    Be upfront with people about what the job is.
    Don't use lies and misleading tactics to sell people

There are newer employer reviews for American Income Life
There are newer employer reviews for American Income Life

See Most Recent

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