Pros
This company is very good at showing an employee everything they never want to encounter while working for a company.
Cons
1) They misrepresent the compensation plan prior to hiring. Then, nearly 17 months after you have been receiving bank deposits they email an employee contract you never signed. This contract tells you that while you are earning commissions on your sales, they roll it into a revolving line of credit with interest. Moreover, because you have been receiving deposits, supposedly you are beholden to your contract. 2) After telling you how great a company this is to work for, how great the benefits package is and they are 'one big family', once you are actually 'a member of the team' they then say you are a 10-99 employee and provide zero of the promised training. There is no benefits package either. Instead, you can purchase your own insurance coverage for any policies you have interest in and the company pays nothing towards your 'benefits package'. 3) Even though you are a 10-99 employee, they say you are required to come to weekly sales meetings or you are off the team. This is actually unlawful according to the state of Florida’s definition of a contract employee. 4) They are constantly hiring 'new agents' because of their high turnover. 5) New hires are expected to pay $300 for a 'full background check'. What they are really doing is a credit check to see if the person is a good candidate for their revolving loan. 6) The company initially encourages their agents to sell all lines of insurance – health, life, Medicare, and supplemental insurance or to primarily focus on one of these – ostensibly so the agent can maximize their earnings. But, what they really want you to sell is their parent company’s (Surebridge) supplements, whether the client needs the coverage or not. Any licensed insurance agent in the state of Florida is aware that selling insurance policies that aren’t either necessary or wanted by the insured is unlawful. And if they feel that you aren’t selling enough of their own supplemental insurance policies, they expect the agents to buy policies for themselves whether they need it or not. And if you don’t sell enough of their own products they will dismiss you. 7) Upon closer examination, the company mirrors pyramid-scheme companies. The existing Sales Leaders appoint Junior Sales Leaders to also hire agents. And, as you would expect, each level gets a piece of the pie. 8) Independent agents who wish to leave the company and work for a different insurance agency are told that if they pay off their revolving loan balance can do so. However, when the agent does quit they are informed that their license has been suspended with the state of Florida. They are also informed that most of the insurance carriers have signed an agreement with HealthMarkets to not grant carrier assignments to agents that were previously employed with them. However, the company did not take the 40- hour 2-15 course, nor did they take and pass the state exam to become a licensed agent.