Federal Financial Group Reviews | Glassdoor

Federal Financial Group Reviews

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3.3
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Rick Dixon
13 Ratings

27 Employee Reviews

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  1. Helpful (2)

    "Love the culture in this organisation. What a great place to work."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Independent Contractor in San Francisco, CA
    Current Employee - Independent Contractor in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Federal Financial Group full-time (More than 3 years)

    Pros

    The best reason to work here is the pre-set appointments. I've paid $100 per appointment in the past and when that appointment doesn't work out, I just lost $100. Clients and colleagues are treated with dignity and respect. The products on offer to clients are top of the range with many years of track record and history. I'm in business for myself, but not alone, as there's a wealth of experience and assistance on hand whenever I need it. The company paid vacations are lots of fun and this year a group of went scuba diving at the Caribbean.

    Cons

    An affiliated marketing company does do a lot of successful telemarketing. Unfortunately, some people accept the telemarketing call and don't know how to politely ask to be taken off the calling list. Instead they get on the internet and 'complain' or 'vent'. Sadly, we live in an age where anyone can 'vent' on the internet.

    Advice to Management

    No advice. They're doing a super job.


  2. "agent"

    StarStarStarStarStar
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Insurance Sales Agent in New Orleans, LA
    Current Employee - Insurance Sales Agent in New Orleans, LA

    I have been working at Federal Financial Group part-time (More than a year)

    Pros

    attractive portfolio, coherent presentation and a good number of success stories

    Cons

    no strong follow up to reward hard work

    Advice to Management

    see how to help novices make money right away

  3. Helpful (5)

    "Sales Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Representative in Los Angeles, CA
    Former Employee - Sales Representative in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Federal Financial Group full-time (Less than a year)

    Pros

    Company represents AVIVA which has some solid products to offer.

    Cons

    I found this company to be a total ripoff. I was relocating from another state when I spoke to a recruiter and agreed to come onboard. The recruiter charged me $325 as a fee to get "licensed" with FFG. When I move to CA the manager who was to be here ended up not being here. I went weeks before I was assigned another manager. Then after spending time with him I was told I would not get any leads until I had set appointments on my own and went on 8-10 appointments with him. I told him the main reason I took this job was I was told " our agents get 6-10 appointments a week, preset, so you can focus on selling, not prospecting>' Based on that premise I agree to the upfront fee. To get into the company and then find out they not only lied to me but would not refund my money is a big disappointment. I would tell anyone looking to work here to (1) not surrender a dime. You will never get it back and 2) be ok with going out and finding business before you ever get a lead. As you would suggest I saw a great deal of turnover while I was here.

    Advice to Management

    Stop requiring upfront fees from potential agents to subsidize your recruiting efforts. If you truly can deliver 6-10 preset appointments a week then hire people who can be trained in your products and go out and make a decent living. I think it is sad when a company of your size resorts to such slimy methods of business.


  4. "Never got any leads"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Agent in Dallas, TX
    Former Employee - Agent in Dallas, TX
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Federal Financial Group full-time (More than a year)

    Pros

    Company has a large company owned set of call centers all over the United States that produces leads/appointments for the agents so that they do not have to cold call. These are life call produced leads or live door to door interviews where people requested/agreed to learn more about insurance and retirement planning

    Cons

    The leads go for the lowest level of people that may be able to purchase a product. I was not given any leads despite having completed my video proof that I had memorized the script and was able to conduct interviews correctly and effectively. Lack training for product placement and selection.

    Advice to Management

    Good program, may lack effective oversight of managers to verify that they are following the system and treating employees fairly and as agreed in the interview/contracting process


  5. "Bad Leads"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Agent in Portland, OR
    Former Employee - Agent in Portland, OR
    Doesn't Recommend
    Negative Outlook

    I worked at Federal Financial Group full-time (More than a year)

    Pros

    Being independent- Leads, decent training

    Cons

    commission only- No benefits, 1099

    Advice to Management

    Be upfront with new recruits


  6. Helpful (5)

    "sales"

    StarStarStarStarStar
    • Culture & Values
    • Senior Management
    Former Employee - Sales in Chicago, IL
    Former Employee - Sales in Chicago, IL

    I worked at Federal Financial Group full-time (Less than a year)

    Pros

    cant think of any just yet I quite the same day I started and you can read why in the con section I just do not know how they can get away with this

    Cons

    I interviewed over the phone any was hired to do outside sales with per-set per-qualified leads.
    the hiring recruiter said I would have to pay 297.00 for paper work and then I'm good to go .after you pay then they tell you to go out and get 8 of your own leads so the training manager can take you out to train I asked how to go about getting 8 of my own leads and he asked me if I can walk and talk and said he mentioned it in one of our conversations but trust me there is no way I would have excepted this position knowing I had to get 8 of my own leads just to start .well after you pay the recite says no refunds no returns and I tried to cancel on the same day I paid . buyer beware you will not get your money back easily I have my credit card company doing a dispute

    Advice to Management

    stop scamming people we are out looking for work and most people do not have the money to lose while trying to get there life back in shape thanks for letting me lose more faith in humanity


  7. Helpful (4)

    "Be very careful"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Agentt in Fort Worth, TX
    Former Employee - Agentt in Fort Worth, TX
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Federal Financial Group part-time (Less than a year)

    Pros

    I like the their strategy

    Cons

    The FFG theory seems sound, but the training requirements are constantly changing and the promised "leads" are a joke. I was told by several people that if it didn't work out I could get the initial fee back. It was denied. I would be very careful before proceeding with this company.

    Advice to Management

    If it is not a good fit...refund the initial fee

  8. Helpful (2)

    "OPENING UP NEW OPPORTUNITIES"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Agent in Oklahoma City, OK
    Current Employee - Agent in Oklahoma City, OK
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Federal Financial Group full-time (Less than a year)

    Pros

    There is no limit to what you will achieve when you really get going. The flexibility of schedule as well as the awesome team is great.

    Cons

    The training is horrible,and you have to kind of be a people person to succeed.Getting licensed with all the companies was a little stressful.

    Advice to Management

    Pay more attention to the newbies. Actually take them under your wing.


  9. Helpful (2)

    "Sound people and principles"

    StarStarStarStarStar
    Former Employee - Agent in Draper, UT
    Former Employee - Agent in Draper, UT

    I worked at Federal Financial Group (More than a year)

    Pros

    Great product and wonderful people. Very good at educating you on your job and the benefits.

    Cons

    Lots of hard work just to get going. Many man hours before you see your first dollar if starting fresh into insurance field but that goes for anywhere. I don't know for sure but have heard commission pay outs are awfully low compared to competitors and relative to what company makes on policy.

    Advice to Management

    Be more transparent about the money being paid out and how the product performs long term.


  10. "Sales of Financial products"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Sales Agent in Altamonte Springs, FL
    Current Employee - Sales Agent in Altamonte Springs, FL

    I have been working at Federal Financial Group full-time

    Pros

    Freedom but not consistant pay because of no base pay.

    Cons

    Freedom, team work, pay when selling, personal growth, and training


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