If you have an experience with Virtual Financial in St. Louis that you’d like to share, feel free to do so in the comments below. Our goal is to help answer the question:
Is Virtual Financial a ripoff?
KNOWN FACTS REGARDING VIRTUAL FINANCIAL
Virtual Financial (Virtual Financial Group) began operations on July 17th, 2013. Many typical “growing pains” of a start-up company prevented VFG from doing much that year, and after several months of system tweaking they held their official “Virtual” launch on April 8th, 2014.
Positioning itself as a virtual insurance company for established insurance agents and entrepreneur-minded individuals looking for a new career opportunity, Virtual Financial Group’s claims: No more driving to meetings or appointments, work from home, delegate sales to pros, our exclusive system is proven, streamlined & profitable with the very best training & tools 24/7/365 anywhere you can connect to the internet.
While each individual’s experience and success with VFG is solely based on personal effort, the underlining foundation is all the same.
- Virtual Financial is in the business of selling life insurance products. No commissions are earned by hiring (recruiting) new agents.
- Commissions are earned when a life insurance product is sold. VFG sells and represent some of the most recognizable brands in the insurance industry with first-year commissions up to 126% paid out to the field and with up to 5.85% for renewal years. (For each agent to be qualified to earn their portion of the commission they must be a licensed life insurance agent. VFG does provide an online training course for insurance licensing as required by your state.)
- Each agent has the same potential to earn and grow within the structure of the company. Commission contract levels are based on sales production and/or personal agency (base shop) growth and sales production. (What this really means is that – like in any 100% commission sales jobs – the people that put in the most effort usually make the most money.)
As you know, there are hundreds of “work-at-home” business opportunities being promoted across the nation. So many, it has become a huge task to sort through the scams, ponzi schemes, money pyramids and worthless product-based business opportunities. When reviewing Virtual Financial yourself, it’s important to note that this certainly is not a “get-rich-quick” opportunity. It is however a proven industry, insurance sales, with over a 150-year history of creating the largest group of highest-paid sales people. The key to success is work and determination, which sadly in today’s instant gratification minded society has become a lost character trait.
If you have an experience with VFG in St. Louis that you’d like to share, feel free to write a review on Virtual Financial in the comments below.
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