Guarantee For Life gives no info on their web site about who owns or runs the corporate.
Guarantee For Life’s web site area (“assureforlife.com”) was first registered in 2016. The registration was final up to date in Could 2019.
On LinkedIn Guarantee For Life claims to be ‘a 67 12 months outdated worldwide product that gives safety to 250,000 households within the Americas.’
On its web site Guarantee For Life claims to be 70 years outdated.
That is odd contemplating the corporate solely existed on-line as of 2016.
“Protecciu00F3n Plenitud” is listed because the proprietor of Guarantee For Life’s web site area, by way of an incomplete handle in Florida.
This seems to match up Guarantee For Life offering a Doral, Florida company handle on their web site.
Properly, type of. The handle supplied on Guarantee For Life’s web site is a digital handle supplied by Davinci Digital.
I wasn’t capable of make sense of what “Protecciu00F3n Plenitud” is. The string seems on bizarre textual content recordsdata should you seek for it.
Replace twentieth October 2021 – Jon within the feedback beneath has revealed “Protecciu00F3n Plenitud” corresponds with Proteccion Plenitud, Inc., a Florida firm included in 2005. /finish replace
The solely government that options in Guarantee For Life’s advertising and marketing is Business Supervisor Sandra Chica.
Be it a sixty-seven or six 12 months outdated MLM firm, not offering government info is a crimson flag.
As all the time, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Guarantee For Life’s Merchandise
Guarantee For Life market “funeral help plans”.
A “registration charge” is talked about in Assurance For Life’s advertising and marketing. The precise charge quantity nevertheless isn’t disclosed.
Guarantee For Life’s funeral help plans cowl:
- switch of a physique throughout the US;
- switch of a physique to nation of origin;
- cargo of a physique to a “nation of vacation spot” (chosen nation?);
- unrelated beneath sixty-fives; and
- as much as two folks 80 years or older per Huge and Small Household plan.
Protection spans the US, Latin America and the Caribbean.
When submitting for a declare, Guarantee For Life gives members with three choices:
- Nationwide choice – physique switch throughout the US, primary funeral bills, cremation, airline ticket to attend funeral
- Roots choice – primary funeral bills in Latin America, cremation, airline ticket to attend funeral
- Return choice – delivery of physique “to the place of vacation spot throughout the space of protection”, reception at chosen vacation spot, primary funeral bills, airline ticket to attend funeral
Be aware that Guarantee For Life’s supplied choices explicitly state “ticket”, suggesting just one airline ticket is issued.
Guarantee For Life’s Compensation Plan
Guarantee For Life pays commissions on direct and residual gross sales of Funeral Plans.
Guarantee For Life calculates commissions based mostly on “the annual worth of the plan” bought. This features a registration charge.
This means that commissions are calculated on an annual complete of month-to-month charges paid.
To qualify for commissions, all Guarantee For Life associates should “make two month-to-month gross sales”.
This seems to be an ongoing requirement for new gross sales quantity.
Guarantee For Life Affiliate Ranks
There are 9 ranks inside Guarantee For Life’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Newbie – enroll as an Guarantee For Life affiliate and buy a Household Plan
- Junior – make two gross sales and generate 4 downline gross sales
- Senior – make one other two gross sales and generate eight downline gross sales
- make six gross sales
- Director – generate twenty-five gross sales (private/downline ratio not specified), recruit and keep two Seniors
- Chief – recruit and keep two Administrators
- Supervisor – recruit and keep two Leaders
- Division Supervisor – recruit and keep two Managers
- Regional Supervisor – recruit and keep two Division Managers
Direct Commissions
Guarantee For Life associates earn a direct fee on quantity generated through private gross sales.
- Learners earn 35%
- Juniors earn 40%
- Seniors earn 50%
- Administrators earn 55%
- Leaders earn 60%
- Managers earn 65%
- Division Managers earn 70%
- Regional Managers earn 80%
These gross sales will be to non-public retail prospects or recruited associates
Senior Residual Commissions
Guarantee For Life pays a selected residual fee to Senior ranked associates. downline gross sales quantity.
Residual commissions in Guarantee For Life are rank-based, each for the qualifying affiliate and their downline.
- Seniors earn 15% on personally recruited Newbie quantity and 10% on Junior quantity
- Administrators earn 20% on personally recruited Newbie quantity, 15% on Junior quantity and 5% on Senior quantity
- Leaders earn 25% on personally recruited Newbie quantity, 20% on Junior quantity, 10% on Senior quantity and 5% on Director quantity
- Managers earn 30% on personally recruited Newbie quantity, 25% on Junior quantity, 15% on Senior quantity, 10% on Director quantity and 5% on Chief quantity
- Division Managers earn 35% on personally recruited Newbie quantity, 30% on Junior quantity, 20% on Senior quantity, 15% on Director quantity, 10% on Chief quantity and 5% on Supervisor quantity
- Regional Managers earn 45% on personally recruited Newbie quantity, 30% on Junior quantity, 25% on Director quantity, 20% on Chief quantity, 15% on Supervisor quantity and 10% on Division Supervisor quantity
The MLM aspect of the enterprise takes place by means of these residual commissions being coded.
That’s the Regional Supervisor charges are all the time paid out on new gross sales.
If a decrease ranked affiliate makes a sale, they obtain their share and the remaining is handed up through a unilevel compensation construction:
Let’s take a Supervisor ranked affiliate with a personally recruited Director who makes a sale.
The Supervisor ranked affiliate makes 10% on Director gross sales quantity and is paid as such.
If we take a look at the Regional Supervisor fee, we see that 25% is paid on Director quantity.
This leaves 15% of quantity nonetheless to be paid out on that Director’s sale (25% minus the ten% paid to the Supervisor).
To pay this out the system searches upline within the unilevel workforce for a better than Supervisor ranked affiliate (Division or Regional Supervisor).
If a Division Supervisor is discovered first, they obtain 5% (15% minus the ten% already paid out).
The system then continues to go looking upline for the primary Regional Supervisor to pay the remaining 10% to (25% minus the 15% already paid out).
If a Regional Supervisor is discovered first, they obtain the complete excellent 15%.
On this method increased ranked associates earn residual commissions on the gross sales of lesser-ranked associates.
Be aware that nothing is ever handed up on a Regional Supervisor’s sale, or when a Regional Supervisor is handed up a coded bonus.
Becoming a member of Guarantee For Life
As per Guarantee For Life’s advertising and marketing materials, affiliate membership is tied to the acquisition of a Household Plan ($40 to $75 a month).
A undisclosed “registration charge” can also be charged.
Guarantee For Life Conclusion
Guarantee For Life undoubtedly comes off as a faceless company. That is by no means a very good search for an MLM firm.
Particularly when there are unanswered questions as to Guarantee For Life’s web site presence, versus its declare to have been round for 70 years.
There’s clearly some mum or dad firm shenanigans occurring right here, however nothing is disclosed.
As to the plans themselves, fortunately that’s one space Guarantee For Life are clear in.
Guarantee For Life declare to have”the most effective funeral help plan in america”.
In case you’re buying round for funeral help safety, go searching and evaluate.
The MLM aspect of Guarantee For Life is pay to play. That is quoted instantly from an official Guarantee For Life advertising and marketing video;
The activation course of is by buying you household plan.
By your sponsor, you’ll obtain a hyperlink to entry the applying on our platform.
Pay to play lends itself to Guarantee For Life working as a pyramid scheme.
This is able to be the case if the vast majority of Guarantee For Life plan holders are additionally associates (lively and inactive).
For his or her half Guarantee For Life claims to have “2 million protected members in Latin America and the US”.
I doubt the corporate has anyplace close to that quantity of associates, so on the floor these figures look promising.
The excellent news is, as a potential Guarantee For Life affiliate, ascertaining whether or not your potential upline is operating a pyramid scheme or not is straightforward.
To qualify for commissions, each Guarantee For Life affiliate is required to make two new gross sales each month.
Simply ask your potential upline what number of gross sales they revamped the previous few months, and what number of of these gross sales had been retail gross sales.
Don’t settle for imprecise solutions, and take any hesitancy as affirmation of a scarcity of retail gross sales – each of that are not what you’re on the lookout for.
If however you’ve discovered Guarantee For Life’s plans to be aggressive, and your potential upline is operating a retail targeted enterprise – it’s true everybody goes to have to think about funeral prices in the future.
Advertising Guarantee For Life could possibly be a bit difficult. Insurance coverage tends to place folks to sleep, and no person needs to consider their very own funeral or that of their family members.
Personally I’m nonetheless hung up on the dearth of company disclosure. If anybody can suss out who’s operating Guarantee For Life, or what the deal is with the secrecy, let me know within the feedback beneath.
Good luck!