The Symmetry Financial Group, founded in North Carolina, offers many different types of insurance products, including mortgage protection plans, term life plans, final expense policies and retirement programs for individuals and small businesses. Symmetry is an insurance marketing company, which means it offers very low rates on its products to licensed agents so they can sell them to you.
In this article, I’ll review Symmetry Financial Group’s legitimacy and whether it’s a pyramid scheme or not.
How does Symmetry Financial Group work?
Symmetry Financial Group offers insurance products to agents under Symmetry’s own license. Symmetry also allows these agents to sign up for one of their programs where Symmetry will provide the agent with marketing materials, training and support in exchange for sales. If an individual purchases through their recommended agent or broker, they are eligible for Symmetry’s 100% Symmetry Guaranteed Buyback Plan.
To become a Symmetry agent, you must be licensed with the state that Symmetry operates in and attend their training sessions, which are available both online and offline depending on your location, scheduling preferences and availability. Then there is also an application fee for Symmetry Financial Group. Symmetry claims that they are the only company in this industry to provide a 100% Symmetry Guaranteed Buyback Plan, which means you can get your application fee back if Symmetry does not approve you within 30 days of your submission and enrollment with Symmetry Financial Group.
What are Symmetry’s fees?
Symmetry charges a Symmetry marketing fee and Symmetry enrollment fee.
The Symmetry marketing fee is $299 per agent or broker, which allows you to access all of Symmetry’s marketing materials, training and support as well as the ability to sell Symmetry products under their license through Symmetry Financial Group.
The Symmetry enrollment fee is $149 per Symmetry agent. The Symmetry enrollment fee provides the same access as the Symmetry marketing fee, but also lets you sign up new agents under your license for Symmetry Financial Group’s programs .
The extra cost of becoming a Symmetry agent are justified by their high quality marketing materials, training, support and 100% Symmetry Guaranteed Buyback Plan.
There are also additional Symmetry fees that you can be charged after becoming a Symmetry agent or broker . For example, the Symmetry insurance program fee is $99 per year for each individual client when they buy an insurance plan through your license Symmetry Financial Group. The Symmetry insurance program discount is a discounted rate that Symmetry offers to you which varies depending on the insurance plan and client .
The Symmetry investment fee, also called the trailing fee, changes based off of how many agents are selling Symmetry products under your license as well as other factors. Symmetry states that the Symmetry investment fee is not a percentage of what you or your agents sell and will never exceed 12% annually.
What companies does Symmetry work with?
Symmetry Financial Group works with all major insurance providers. It has partnered up with select companies in the following industries:
- Insurance (Life, Health, Car)
- Mortgage Protection Plans
- Term Life Insurance
- Final Expense Legal Services Provider
Is Symmetry Financial Group a pyramid scheme or legitimate?
Symmetry Financial Group’s Symmetry Enrollment fee of $149 is very low compared to other marketing companies.
The Symmetry Guaranteed Buyback Plan provides you with a 100% refund on your Symmetry Marketing Fee if Symmetry does not approve you within 30 days, which means that the only money being made off of you is the Symmetry investment fee which would be 12% of your sales or less.
Symmetry also provides their agents with marketing materials, training and support that are necessary to learn how to sell insurance products effectively as well as reliable customer service . This makes Symmetry Financial Group seem like a legitimate company because it has all the necessary business aspects that would be expected of any insurance marketing company and Symmetry is very transparent about their Symmetry Fees .
However, Symmetry Financial Group also has a referral bonus system for referring other people to sign up with Symmetry, which can incentivize agents or brokers to create an army of Symmetry affiliates. This means Symmetry has the potential to be a pyramid scheme and Symmetry agents could make more money from signing up new Symmetry affiliates than selling insurance products.
These factors make Symmetry Financial Group seem like an investment option that is worth investing in if you are looking for other ways to diversify your income besides working or running a small business. However, Symmetry Financial Group’s affiliate program could also turn into an expensive investment if Symmetry is found to be a pyramid scheme that takes advantage of its affiliates.
Symmetry Financial Group does seem like they are trying to provide insurance marketing services in the best interest of their clients and there haven’t been any Symmetry complaints.
In conclusion, Symmetry Financial Group seems to be a legitimate company but it also has the potential to turn into an expensive investment because of its affiliate program and low Symmetry enrollment fee. Its high quality marketing materials, training and support as well as 100% Symmetry Guaranteed Buyback Plan also make Symmetry seem like a legitimate company.
Researching other options is important
It is important to do your research before joining Symmetry or other marketing programs. If you are looking for ways to diversify your income and Symmetry sounds like the right company for you, then Symmetry Financial Group may be a great investment option.
I Buy I Review is your No. 1 source of information for reviews of a variety of marketing programs so you can make the right decisions.
The Symmetry website claims that their programs are available to almost everyone and offers details about the different types of life insurance they offer (which include term life plans, final expense policies and retirement programs). Symmetry Financial Group offers its products through independent insurance agents and the company itself is an insurance marketing agency, which means they work with outside companies to sell their products.
The Symmetry website features a variety of positive reviews from customers who’ve used their services, but without any links to these testimonials or names of actual customers. Symmetry Financial Group is a legitimate company and they offer low rates to their agents so they can sell them to the public, but there’s no guarantee that you’ll get those same low rates by switching from one agent or Symmetry Financial Group representative to another.
Symmetry Financial Group is not a pyramid scheme and they’re an insurance marketing company that works with outside companies to sell their policies.
Conclusions: Symmetry Financial Group is a legitimate company, but there’s no way of knowing whether you’ll get the same rates as another Symmetry customer or if your agent will work with Symmetry Financial Group at all. The Symmetry website features positive reviews from customers, but without any links to these testimonials or names of actual customers.
If you’re looking for life insurance and want someone who will work with Symmetry Financial Group specifically, then an agent that represents Symmetry is a good choice. If you want an agent who will work with Symmetry or find another insurance company that offers the same rates, then keep looking. Symmetry Financial Group is not a pyramid scheme and it doesn’t seem like they’re taking advantage of their affiliates. Symmetry’s affiliate program could be seen as an advantage or disadvantage depending on the perspective, however it is important to do your research before joining Symmetry in order to avoid any complaints.