Frequently
Asked
Questions
A licensed agent provides middle-income America with protection for themselves, their families and their home in the form of life insurance. Agents provide a multitude of different products to their clients through Equis' carrier partners. Agents are independent contractors, owning their own business, creating their own schedule, and writing their own paycheck.
Mortgage protection insurance (MPI) with living benefits is a type of insurance that helps cover your mortgage payments if you experience a major health issue, such as a critical illness, chronic illness, or disability. Unlike traditional MPI, which only pays off your mortgage if you pass away, living benefits allow you to access funds while you're still alive if you meet certain conditions.
What is Mortgage Protection?
What would I be doing as a licensed agent?
How does Insurance Sales partnering with an IMO differ from an MLM?
An IMO (Independent Marketing Organization) and an MLM (Multi-Level Marketing) company may sometimes appear similar because they both involve independent agents and commission-based earnings, but they differ significantly in structure, purpose, and ethical/legal perceptions. Click through for a comprehensive breakdown of how IMOs differ from MLMs
Primary Business Focus
IMO:
An IMO operates primarily in the insurance and financial services industry. Its main role is to provide marketing support, training, and access to insurance carriers for independent insurance agents and agencies.
MLM:
MLM companies typically focus on consumer products (e.g., supplements, cosmetics, etc.) and prioritize recruitment and product sales through a tiered downline structure.
Revenue Source
IMO:
Agents earn commissions from selling legitimate insurance products, such as life insurance or annuities. There is no requirement to buy products or services to remain active.
MLM:
Earnings often depend not only on selling products but also on recruiting others who purchase starter kits or maintain monthly product purchases. Income is commonly derived from a percentage of downline sales/purchases.
Recruitment Emphasis
IMO:
While IMOs can grow by recruiting agents, the focus is on helping agents sell actual insurance products and providing licensing and compliance support, not on building massive downlines.
MLM:
MLMs emphasize building a downline—recruiting new distributors who then recruit others. Income potential is heavily dependent on how many people are recruited and how much product they buy.
Regulation and Licensing
IMO:
Agents must be state-licensed to sell insurance. The industry is heavily regulated, which adds credibility and accountability.
MLM:
No licensing is generally required. Regulatory oversight is limited, and some MLMs skirt the line of legality, especially when they resemble pyramid schemes.
Pyramid Scheme Risk
IMO:
Not structured as a pyramid scheme. Earnings are based on legitimate product sales (insurance policies), and recruitment is not required for earning a commission.
MLM:
Often scrutinized as potential pyramid schemes, especially if income is more dependent on recruitment than product sales.
Upfront and Ongoing Costs
IMO:
Typically low or no upfront cost to join. Some IMOs even provide free training or reimbursement for licensing.
MLM:
Usually involves starter kits, monthly autoships, or inventory purchases, often leading to financial losses for participants who don’t recruit or sell successfully.
Ethical and Professional Reputation
IMO:
Operates within the traditional financial services and insurance industry framework. There are bad actors, but the model itself is legitimate and recognized.
MLM:
Has a mixed reputation, often viewed skeptically due to aggressive sales tactics, misleading income claims, and legal scrutiny.
Are there any fees to join the team?
Are agents paid by commission only?
Yes, agents are paid by commissions through our carrier partners on the products they sell. In addition, you may also qualify for monetary, monthly bonuses.
No. And we are proud of that! We are in the business of selling insurance. We view our agents as partners and want our agents to reach their full sales potential in a professional atmosphere. That is why we do not have any membership fees, special club fees, or contract promotion fees.
Can I start
part-time?
Yes! Many agents and managers start part-time before transitioning into a full-time career.
Yes! Many agents and managers start part-time before transitioning into a full-time career.
How much can a new agent make?
An agent's income potential is based on their activity level, placement rates, and ability to assist clients. The average policy pay out ranges from $700 - $1,000 in commission.
An agent's income potential is based on their activity level, placement rates, and ability to assist clients. The average policy pay out ranges from $700 - $1,000 in commission.
Can an agent earn a higher compensation?
Absolutely. Agents have the opportunity to earn a higher compensation each month up to 120% based on their production! Agency managers have the opportunity to earn a higher compensation every 2 months up to 140% (a compensation that surpasses the industry standard) based on their agency’s production!
Absolutely. Agents have the opportunity to earn a higher compensation each month up to 120% based on their production! Agency managers have the opportunity to earn a higher compensation every 2 months up to 140% (a compensation that surpasses the industry standard) based on their agency’s production!
When you partner with us, you enter into a proven system through the Equis IMO that is clearly defined. You are able to become a business owner: run your own company, make your own hours, and create the life you envisioned for yourself. Casey and Amory, along with Equis, will give you a strong foundation and support, unlike any other Insurance Marketing Organization, to build a profitable business!
When you partner with us, you enter into a proven system that is clearly defined. You are able to become a business owner: run your own company, make your own hours, and create the life you envisioned for yourself. The program within Equis will give you a strong foundation and support, unlike any other Insurance Marketing Organization, to build a profitable business!
Why should I partner with Gregory Insurance?
A lead is generated when someone sends in a request by mail, phone, or internet search engine for services that Equis agents can provide. By partnering with Equis Financial you also have access to Integrity's LeadCENTER a state-of-the-art lead system that prevents agents from making cold calls and ensures they always have potential clients to contact!
A lead is generated when someone sends in a request by mail, phone, or internet search engine for services that Equis agents can provide. By partnering with Equis Financial you also have access to Integrity's LeadCENTER a state-of-the-art lead system that prevents agents from making cold calls and ensures they always have potential clients to contact!
