Foresters Financial Reviews

Too many too list. This company basically hires recent college graduates who don't know any better. Many of the people who work at this company have parents with money; so first investors uses their employees to sell products to their family members. Within beginning work you will be asked to write a list of "connections"; it's basically just your family and everyone you know. They then expect you to peddle to them. There's no salary. No health benefits. They recently introduced both, but it's poor. The conditions required for the salary make it redundant. If you can sell as much as the minimum you wouldn't need the salary. This is basically a pyramid scheme. Beware of any company that spends more time and effort on hiring new people rather than marketing or market research. Most of the managers are simply big fish in a little pond, and made a lot of money by bullying their way into it. They are not helpful at all. The interview process was also misleading; unlimited income is almost impossible. The managers also try to instill this "make it or break it mentality", which puts much of the blame for lack of success on the representatives. The truth is First Investors spends zero amount of money on marketing or market research. All you get are pamphlets, which you can distribute yourself. Basically they are getting free labor off of their workers. I'm not sure how this isn't illegal.

It looks like Foresters invested some serious time writing all of the recent 5 star glassdoor reviews.... Anyways, while the licensing process cannot be beat, everything else can. Once you pass your Life, 6, and 63, you can say goodbye to your friends and family. As a new rep, you are expected to work 60+ hour weeks making minimum wage. In these 60+ hour weeks, you are expected to set appointments/sell life insurance to your friends, family, and people you haven't talked to in years. If you do not have the correct amount of appointments (10) you will be in the office until 9pm cold calling people who have no interest/affiliation with Foresters. Your cold call lists are pretty much the yellow pages/ phone book. If you make it to I/C you say goodbye to your salary and are scraping pennies for the next few years. There were people in my branch that ended up spending all of their money prospecting for new clients and were completely fine with breaking even month after month. My advise to anyone interviewing/thinking about joining is this; If your want to start in finance, this is a good first step. Get your licenses, avoid drinking the Kool-Aid, get a job at another firm.