MLM Directory

Are all insurance companies basically MLM (Multi-Level Marketing)?

Recently I got a call from someone claiming to be a "recruiter" from a national insurance chain. I was a little leery from the start, as she sounded like she was reading from a script (and not very well at that). Still, I looked up the job listing, decided to go to the "interview," but with a fair amount of skepticism. As expected, even before I met with the "recruiter," the promo video playing in the waiting room hit one of the high points: the phrase "grow your business." As the interview continued, the talking points of MLM kept coming up. "How much time and money are you prepared to invest in this?" "Are you ready to start building your book of clients?" After I asked a question about cold-call telemarketing, they even used the phrase "purchase leads." Is this the norm in the insurance industry, or is this just a bad company?

Public Comments

1. I got a call from someone stating that they saw my resume on Monster. I google the number and it was an insurance company. Yes, consider this an MLM. They will get you to sign up. You will have to find people that will buy insurance from you at outrageously expensive prices. I would find a better careers - honestly.
2. All insurance companies make you look for leads, by getting referrals. All insurance companies make you cold call at some time or another. This isn't any different really than working for an agency. All insurance companies purchase leads, that's the only way to get business. Selling insurance (new business) is what you make it. You really don't need supervisors or managers, maybe just an HR person to make sure you come to work. The bottom line is getting new clients. If the company name is good, it's pretty standard for all insurance companies to introduce you to the job this way.