Is PHP agency a scheme?

This is a pyramid scheme. They market it as being insurance sales but its recruiting. They make money off of the $199 and thats all they care about. You can go get licensed and go to a bigger agency where you actually sell AND get benefits.

What type of company is PHP?

PHP is a financial services company with several life insurance products that are sold via independent agents. It has partnered with leading life insurance providers to sell its products, including several well-known insurance carriers, such as these: AIG. American National.

Is PHP Agency legit?

Bottom line, despite its multi-level marketing hierarchy (I’ll talk more about this briefly), People Helping People is definitely not a scam. In fact, PHP is a legitimate financial services company helping hundreds of thousands of people across the country.

Is people helping people Agency a pyramid scheme?

It is not a pyramid scheme. A viewer asked us to look into the company, People Helping People (PHP) Agency. … “When there are pyramid schemes and things like that, the difference is there is not usually a product. There is money changing hands and there’s not necessarily a product being sold,” said Horton.

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Can I get my money back from PHP Agency?

The Associate has three business days after the enrollment date (the date the $199.00 fee was charged) to provide PHP a formal request for a refund of the PHP New Associate Fee. This formal request must be made via email to the upline Marketing Director AND simultaneously to admin@phpagency.com.

Is PHP Agency a pyramid scheme?

This is a pyramid scheme. They market it as being insurance sales but its recruiting. They make money off of the $199 and thats all they care about. You can go get licensed and go to a bigger agency where you actually sell AND get benefits.

Is PHP Agency a publicly traded company?

About PHP Agency Stock

The company is privately held and headquartered in Dallas, TX.

Is PHP a multi-level marketing company?

PHP Agency is a multilevel marketing company, meaning that it makes money when people recruit lower-ranking members, who then funnel their sales commissions upwards. Agents move up through the ranks based on their recruitment rates, according to a 2016 PHP fact sheet on “compensations and promotional guidelines.”

Who is the CEO of PHP?

Patrick Bet-David – Founder, Chairman & CEO – PHP Agency Inc.

How much does it cost to join PHP?

2 answers. PHP charges $150 to get an agent code, then it is $20 for your state pre-licensing course. After finishing the pre-licensing course, recruits must pay for a state test, fingerprints, and continuing education. Fees vary by state but essentially expect to pay about $500 to get started.

How much do PHP agents make?

Average PHP Agency Insurance Agent yearly pay in the United States is approximately $75,236, which is 19% above the national average.

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What is PHP Agency net worth?

Php Agency Inc. has 126 total employees across all of its locations and generates $28.33 million in sales (USD).

How many employees does PHP Agency have?

Employee Data

PHP Agency has 4737 Employees.

What does PHP stand for in insurance?

A partial hospitalization program (PHP) is an intensive addiction treatment option that still allows clients to live at home or in a sober living home.

Who started PHP Agency?

Patrick Bet-David founded PHP Agency, Inc. in 2009 with the vision of bringing life insurance to multi-cultural middle-class America while simultaneously providing an entrepreneurial opportunity to individuals in these communities.