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Senior Vice President (9) ; Agency Manager (3) ; Vice President (3) ; Associate (2) ; Independent Agent (2) ; Insurance Agent (2) ; National Recruiter (2) ; Sales Associate (2)

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Virtual Financial Group Insurance Agent interview questions

based on 1 rating - Updated 15 Nov 2018

Very easy interview difficulty

Very negative interview experience

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Insurance Agent Interview

16 Nov 2018

Anonymous interview candidate

Declined offer

Negative experience

Easy interview

Application

I applied through other source. The process took 1+ week. I interviewed at Virtual Financial Group

Interview

I was interviewed by phone at 8pm on November 14th. The interviewer told me I had to be in front of my computer. He then had a manager come on the phone and vouch for his competence as a team leader that I thought was strange. I asked if there would be any upfront costs to join the company. He said only a $100 background check and $60 a month website fee. He then went into a presentation which spoke of all the potential $$$. I asked about the next steps as the job is about purchasing a life insurance policy and then recruiting other insurance agents to join and purchase a policy. He showed me a document that I took a screenshot of that listed the fees as $300/month for a life insurance policy. I objected that selling a $300/month life insurance policy would be a tough sell to agents over the phone. He HUNG UP ON ME. I reviewed the fine print of the fees listed and saw that company expects you to pay an additional $39.95/month for a 800 link lead calling system, 25 cents per lead for 30 day advertising, $20/month for a website, and $60/month for two phone lines. So you are paying the company a minimum of 579.95/month to work without any benefits as a 1099 employee.

Interview questions [1]

Question 1

Do you think 60,000 is a realistic goal to earn in one month? The interviewer did not ask me much about my background or experience. Only that I had a Life & Health license.

Answer question

Virtual Financial Group response

This is not true or correct with regards to our company. We offer a 100% Virtual Platform & System, Training plus Support for $19.95 per month. We have a Custom Enterprise CRM and an Online Marketing System with over 40 landing pages Custom Videos and drip email campaigns. There is 24/7 Perpetual Virtual Environment with 4-7 Live Weekly Webinars. There is No Requirement for an insurance policy except for E & O Insurance once a rep is licensed for $30 mo and we offer a $30-month rebate for $2000 annual premium. A New Licensed rep pays $19.95 plus $30/40 per month E & O Insurance (Total $59.95) and can be re-reimburse $30 if they produce. Any lead systems a rep chooses to invest in would be on their own and completely optional. I have never heard of the one mentioned here. We do not require 2 phone lines. We do offer over 200 A Rated Carriers and over 500 Products with a 100% Advance and 40% on Submission. Our gross payout to the field is 126% on Transamerica Plus 5.85% annual renewals (Total 179% on Term with LB & 156% on IUL) Our Home Office paid out over $900 Million in commissions 2017 and we have over 3400 agents paid over $100k per year and 155 Paid over $1 Million last year alone.

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Virtual Financial Group

Virtual Financial Group Insurance Agent interview questions

Very easy interview difficulty

Very negative interview experience

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Insurance Agent Interview

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