Naa insurance scam - Where do I look for more information?

by Guest » Wed Nov 21, 2007 04:27 pm
Guest

I have been reading all the threads about NAA and Primerica. I'm taking my license exam on the 8th and am sorta with NAA now but will not sign anything till I'm sure about any naa insurance scam or Primerica scam .
My question is this. If not with either of these two that seem to take newbees in who. Where can you get practical training, leads etc. Lots say go Independent but really offer no insight on how to do this.
Post a reply here or e-mail me direct please: rbenderrd@yahoo.com

email deactivated for your safety

Total Comments: 61

Posted: Wed Oct 28, 2009 02:16 pm Post Subject:

What's the Ohio firm name??? 55% contract is soo low, are they charging for leads? Will they give you an up-front release? If you leave do you actually own "your agency" or do you lose it? Read the contract before signing and any concerns, post your questions here.

Posted: Thu Oct 29, 2009 10:31 am Post Subject:

Hi Wonderer..have you come across such instances wherein people have lost agencies while leaving?

Posted: Thu Oct 29, 2009 02:32 pm Post Subject:

anonymous00 yes I have. Many people sign contracts without knowing they're captive. NAA for instance, has clauses that state they can fire you without cause. Several agency managers have found out that they don't actually own "their business" if they leave they reassign all their agents to another "agency" in the NAA hierarchy.

Several agency managers are currently in litigation for having the audacity of leaving and allegedly contacting agents in their down line. The same agents they incurred expenses to recruit and train and mentor only to find they never really had an agency. See indeed.com, (NAAscam).

Posted: Fri Jan 08, 2010 11:24 pm Post Subject: Foresters/NAA/Lampy

Just like most people new to the business, I too have many questions with regards to selling insurance. Having read most of the statements by people who have expressed their feelings with this topic, I still am a little shy about joining NAA. I thought it interesting about the idea of working for a well known company such as MetLife, AIG or Farmers in my area before jumping into a firm such as NAA. The Lampy insurancy seems interesting and am looking into working with them. They hold monthly workshops in their home office in Dallas and was wondering what most would feel about going there for their free three day training session to learn a little more about the business before making any commitment.

Posted: Sat Jan 09, 2010 06:53 pm Post Subject:

Shy: NAA is in the marketing business, not insurance. Their customers are the agents. Go to indeed.com/forums: NAA Scam. They are bleeding agents and top managers. Get hold of a contract and read it privately before signing anything, that is if the Lampe's will allow this. If you have questions on the contract language, post them....now they really won't let you take one home before signing it....Right Bill & Dianne?

Posted: Thu Aug 26, 2010 09:09 pm Post Subject: i was asked to get my license

And then join up with NAA and sell annuities. Are those quality products to sell and are they lucrative.

Posted: Mon Sep 20, 2010 03:18 pm Post Subject: NY Life & NAA

Lost my job and threw my resume out there on the net.

NY Life called me up and I went to two interviews and still had no idea what I was supposed to sell or market. I'm a sales professional and they seemed to really want my skills but the lack of knowledge of their products seemed to haunt me.

NAA Leads somehow got my resume as well but their MLM approach turns my stomatch. I would go with them but their leads seem to be junk and controlled by managers that reported to be cherry picked. The "agents" building teams are newbies and the one trying to pick me up as a sales pro has no skill nor talent towards selling. Also, they draw back from having face to face meetings except for lousy hotel/motel meetings.

Either way I'm going back to talk to NY Life. I'm scared to signup with them as their 75% approach is all about your personal contacts. I am new to the state and starting over and need new leads that are supplied by a solid company.

I am still going to take the test, either way insurance with the right company is an "easy sell".

Posted: Thu Sep 23, 2010 03:57 pm Post Subject: Danger, Danger!

Best move is get your license and look into large name recognition companies and learn the biz. Then later when you wanna branch out and go independent, stay away from IMO's (insurance mktg. orgs. like NAA) that boast of exclusive leads. and are run like Amway (i.e. travel and pay to go to conventions, buy their store products, overpay for used leads, etc.
They smile and are friendly and then when they get you hooked on recruiting, they will quite possibly find reasons to take your biz away that you grew. They've shown on too many occasions to be manipulative and willing to turn other families lives into disarray to line their own pockets.

Posted: Thu Sep 30, 2010 02:54 pm Post Subject: NAA

NAA is not a scam, however I worked for them for about a week, and a long with the 5 other agents I worked under we left. The easiest way to explain it is they are a legal pyramid scam; they make money when you do. Would not recommend it they give minimal training to say the least and the leads they sell are pricey and for the most part not in good neighborhoods. I recommend finding an agent in your area and working a deal with him. He will actually see a person not a number.

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