Being an insurance agent is one of the most pleasing career choices for people who are looking for flexibility and are in the market for creating an impact in someone’s life.
Additionally, signing-up with famous and high-ranking financial firms can significantly boost your chances of having unlimited earning potential.
If you are seriously considering jumping in on this, then I bet that you have read (or at least heard) about the top insurance provider that goes by the name of Symmetry Financial Group.
With that being said, I also assume that your curiosity has been piqued and that’s why you have been dwelling on the following question:
“Is Symmetry Financial Group a pyramid scheme or is it something that I should be apart of? 🤔
Whenever we hear the word “life insurance agent” we picture someone who is into promoting and selling some type of lucrative yet safe propositions.
And most often than not, we immediately dismiss them and their affordable plans thinking that we are still young and that life has much more to offer.
However, the reality is different. 🙂
Life is filled with surprises, and you cannot really predict what will happen in the forthcoming years. The uncertainty is the spice of life, and I’m sure you’ll agree on that.
Now that the pandemic is changing the way we live, people are now slowly recognizing that life insurance may, after all, be a smart investment.
Fortunately, it is never too late to have a quote for one, but let me warn you that because of the current outbreak, the costs for premiums may be a bit steeper than before. Depending on the reasons for your insurance and the desired coverage for the policy, you will be allowed to protect not only your assets but also the future of those who depend on you.
You may find it as an unnecessary waste of money now but trust me, and your loved ones will thank you for it.
If you are thinking of riding on this trend on investments and medical health, one of the careers that you can pursue is in the field of insurance.
You see, there are many reasons why this may seem like the perfect hustle today: 👇
- The potential of earning is unlimited (especially now that people are more conscious about preserving and maximizing the value of their assets)
- You can help prepare for the future of other people (while the job may be stressful, you can find comfort in genuinely helping people to achieve their financial and personal goals)
- Anyone can do it (unlike other careers, insurance sales do not entail that you have stellar academic achievements. Rather, your success will rely on your people skills, personality, and professionalism)
- You will get to grow professionally and personally (aside from being able to hone your skills on marketing, you may also be given a chance to train fellow agents!)
If those reasons ring a bell, then this may be the perfect job for you. But do note that aside from your skills, you also need to take into account the credibility of the insurance brand that you intend to sell.
If one of the brands you are considering is Symmetry Financial Group, then this article is perfect for you.
Since I am devoted to my readers, I decided to lay down all the information I found about this company to help you make your own decision.
Before I start, let me be completely transparent with you that I am not in any way, shape or form connected to the company.
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My sole purpose for writing this Symmetry Financial Group review is not to mislead and upsell you. Instead, I want to provide you with the most valuable information regarding this insurance provider, so you can feel comfortable with whatever you decide. 😊
If you are up for that, then let me start by introducing the founders of the company.
Symmetry Financial Group’s Dream Team
Aside from its positive rating at BBB, the company’s fast-paced success should be attributed to its founding members: Brandon Ellison, Casey Watkins, and Brian Pope.
The Big Three Trio, as I like to call them, founded the company with the primary goal of bringing balance to the insurance agents’ professional and personal lives.
The main thing that is common among them is that they have had all their fair share of experiences in the field of insurance and marketing.
For instance, in this interview, Brandon shared that before the establishment of Symmetry, he found himself working in an insurance company as a regular agent.
In 2012, he co-founded a sustainable restaurant called Native Kitchen and Social Pub alongside his wife and another couple, Casey and Sarah Watkins. On the other hand, Casey has also been in the field as an agent where he learned about the value of passion, patience, and persistency.
During his seminar-type talks, he is usually the one discussing the real-life struggles of an insurance agent.
Lastly, Brian had served the field of insurance since 1987 when he became a field agent for Met Life.
He stayed at the company for three years and had transitioned into a sales management position where he mastered the concepts of leadership.
A year after that, he founded Insurance Wholesales Inc., which he grew into a million-dollar company. Additionally, he also became a chairman and board member of some of the largest life insurance consortium in the United States.
What is Symmetry Financial Group all about?
With over ten years of experience in insurance marketing, Symmetry Financial Group (SFG) is one of the fastest-growing companies based in Swannanoa, North Carolina.
It specializes in providing unbeatable life and asset insurance coverage for protecting clients and their families towards their journey in life.
It is legitimate and recognized by Entrepreneur, INC, BBB, Make A Wish community and Business North Carolina magazine for its trailblazing contributions in promoting awareness and spearheading innovative solutions about health and life insurances.
Additionally, Symmetry Financial Group’s Glassdoor reviews by employees are significantly higher compared to its major competitors. The emerging themes from the comments include:
- Positive response to the training and support for agents
- The company’s mission is consistently discussed and reminded to the agents
- The company provides an opportunity for professional and personal growth
- It is relatively easy to land a job in the company
In terms of its social media presence, SFG holds 17k followers on Facebook, 2.3k on Instagram, 933 on Twitter, and a resounding 27k on LinkedIn.
For such a reputable and big company, I find the numbers are a bit small. I guess this reflects that there really is very few people who are into insurance buying per se.
However, before you jump into the company, let me discuss what it really is all about. Contrary to common belief, Symmetry Financial Group is not an insurance provider itself. ❌
Instead, it provides quotations from different insurance carriers like Transamerica and Foresters.
In a sense, they can be considered as a referral agency where SFG’s agents will be the face for other insurance providers.
What are the services of Symmetry Financial Group?
As I have mentioned in the first part of the article, many people refuse to accept the life insurance because of one main reason – the price! 🙃
The premium for purchasing an insurance policy depends on factors such as the age, health conditions, work environment of the client, and type of policy to be bought.
I, for one, have been quoted by different insurance providers.
Since the nature of my work is not that stressful, and my health is at its tip-top shape, would you believe that the lowest quote I ever received was along the range of $30-40 only?
The premium really depends on you and what your provider can offer. ✔️
For the case of SFG, the company specialises in providing life insurance policies that are tailored fit depending on the clients’ personal goals – may it be for wealth preservation or maximisation, retirement, or critical illness.
Since it is partnered with over 30 insurance carriers, the possibility of finding a suitable type is highly possible. 👍
The company provides an extensive range of life insurances such as mortgage protection, retirement, term life, critical illness, disability, and universal life insurance.
What I personally like about SFG is that since it covers a variety of companies, interested clients may try on different vehicles until they find the quotation that best suits their needs.
How do I join Symmetry Financial Group?
Joining the company is easy since all you have to do is to fill out their online form and wait for a call from their company representative. During the call, be prepared to answer interview questions such as:
- Whether you are licensed in selling insurance/investment (if not, then you will be required to take and pass the licensure exam)
- Your availability and how much time you can work on as an agent per week
- Whether you have reliable transportation (since all client presentations are done face to face)
- Your expected and previous income
- Your experience in sales (and sometimes your educational background)
- Reasons why you think you are a good fit for the company
There are three main paths that you can choose from as an aspiring employee 👇
- Producer path (best for new agents – part-time)
- Wholesaler path (best for agents with experiences in sales – full time)
- Owner path (best for agents who are interested in building an agency of their own)
What are Symmetry Financial Group’s compensation plans?
Since the SFG is commission-based, it follows a predefined compensation plan for agents. Basically, fresh agents begin on a 60% commission level. 🤭
This suggests that you will be paid 60% of the first year of the computed annual premium of your client as commission.
For instance, if the annual premium of the policy you sold is around is $1,000, and the insurance product pays 60%, you will earn $600 in commission. 😵 😏
Please note that the commission payout and insurance product pricing varies depending on the investment carrier. If you are interested in the exact pricing per product per carrier, feel free to check out their actual spreadsheet. 👈
Based on my review, I also found out that aside from selling insurance, you must also keep track of your own commission level and update your up line manager for promotion.
Is Symmetry Financial Group a Pyramid Scheme?
So what exactly is the major truth about the company? Is the Symmetry Financial group a scam that you should stay away from or a company that you can rely on?
Before answering this, let me first summarize my review on the company’s legitimacy. You see, understanding its track record can help us answer whether it is a pyramid scheme or not. 🙂
- The company has been around since 2009
- It has been recognized by prestigious brands such as INC and BBB
- There are lots of positive reviews about the company (both on the customer’s side and employee’s side)
- The compensation structure is reliable and is not sketchily changing from time to time.
- The founders are very visible, and they sometimes conduct pieces of training themselves.
I know that words such as ‘upline’, ‘payout’, and ‘commisions’ made you question whether the Symmetry Financial Group is a pyramid scheme, but the answer to that is NO, Symmetry Financial Group is not a pyramid scheme. ❌
While it may seem like that at first glance, the Symmetry Financial Group is a legitimate company that follows a multi-level marketing business structure.
Unlike pyramid schemes which are utterly illegal due to their fraudulent nature of selling thin air, the Symmetry Financial Group actually sells reliable products.
More importantly, you do not have to worry about the “upline” thingies since it is entirely up to you whether you want to recruit or not.
After all, your chances of earning do not depend on the number of people that have signed up under you. (especially if your chosen path is not really about setting up your own agency).
Do I recommend it? Well, it depends. 😕
If you are looking for a legitimate company, then yes, this is the perfect choice for you since you can gain significant experiences from this career.
On the flip side, if your main goal is to earn more significant commissions in a less stressful environment, then you might want to read on and see my recommended alternative instead. 👇
It’s Time to End my Symmetry Financial Group Review (But Wait!)
My Symmetry Financial Group review may be coming to an end, but I would not want to let you go without sharing with you that there is a better alternative for making a full-time income online. 💯
If you are not that keen on selling a product that you are not as passionate about, then maybe you should consider my number one recommendation instead.
My recommendation holds the number one spot for a reason. 🏆
It will teach you how to establish a fully operational affiliate marketing business, and it will give you all the tools, support, and training to go out there and absolutely crush it as an affiliate.
You see, MLM is somewhat the same as affiliate marketing, it’s just that with affiliate marketing you have complete control over the things, products, and services that you want to be involved with.
I also prefer affiliate marketing as a business model because it gives you the chance to earn unlimited profits. Still, it all comes down to how much time and effort you’re willing to allot in focusing on your business.
Affiliate marketing may work like magic, but it won’t do all the work for you. 🪄 😄
The fact that you’re still here and reading this is a sign to me that your curiosity has been awoken, so I thought I’d share with you how this business model works in a nutshell.
Running an affiliate marketing business is enjoyable. 🤓
All you have to do as an affiliate is to connect a particular audience with a specific product or service that they are interested in buying and earn a predetermined commission when the sale happens.
There are numerous ways to promote the products and services you’re selling, but the way I like to do it is with free traffic, and there’s a good reason for that.
Contrary to paid traffic, free traffic may require a more extended period, but once it starts working, it will provide your site with a steady flow of highly targeted traffic that will produce sales for you around the clock. (it becomes passive) 😴 💸
There are many forms of free traffic, but my personal favourite is SEO, and allow me to clarify why.
The abbreviation SEO stands for Search Engine Optimization, and it represents a traffic method that ensure your site it built up in a way that makes it appear high in the rankings of Google. (ideally the 1st page)
Once your site pops up there, it will receive thousands of visitors, that more often than not equal to tens or hundreds of sales and hefty commissions for yourself.
You see, the simple blog you’re on now is a perfect example of how an affiliate marketing business should function and look like. 😊
Don’t let the simplicity fool you cause this blog is more than enough support my day to day expenses and helps me live life on my terms. It operates impeccably now, but unsurprisingly, it wasn’t always like that. 🙁
I used to be a guy that knew nothing about building and managing affiliate sites. As a matter of fact, I was quite average in dealing with all things related to the web.
However, luckily for me, one day, I accidentally stumbled upon a community that will teach me all of the skills mentioned above, and that was a turning point for me.
The community I’m referring to goes by the name of Wealthy Affiliate. 👈
It is a platform whose primary goal is to equip novices like yourself with all the tools, tips, tricks, support, and most importantly, confidence to go out there and absolutely shine within the affiliate marketing field.
You’re probably asking yourself: “Why is this guy telling me all of this?”
Because I would love nothing more than to help you with the onboarding process and mentor you personally until you reach the $1000 a month in passive income mark.
It would be my utmost pleasure to introduce you to the founders of this outstanding platform and share with you all the dirty little tricks I’ve learned over the years.
Do you want my advice? Don’t overthink it. 🤯
The Wealthy Affiliate platform offers a FOREVER FREE membership, meaning that the possibility of you being scammed does not exist.
Just sign up to the platform, study it, and see whether it’s something you would want to be apart of.
Wealthy Affiliate opens doors of opportunities to aspiring online entrepreneurs as it provides weekly training, tools, and a supportive community to back you up during any time of the day.
I don’t want to bother you too much since I’m sure you have better things to do. 🙂
Hopefully, my Symmetry Financial Group review provided you with enough valuable information for you to conclude whether this top insurance provider is a complete scam and a pyramid scheme or not.
If there’s something else you are interested in or if you have any additional questions, please feel free to leave a comment below, and I’ll make sure to get back to you as soon as I can.
As always, stay safe and know that I wish you the best of luck wherever your journey takes you. 👋 🤩