Guarantee For Life supplies no data on their web site about who owns or runs the corporate.
Guarantee For Life’s web site area (“assureforlife.com”) was first registered in 2016. The registration was final up to date in Could 2019.
On LinkedIn Guarantee For Life claims to be ‘a 67 yr outdated worldwide product that gives safety to 250,000 households within the Americas.’
On its web site Guarantee For Life claims to be 70 years outdated.
That is odd contemplating the corporate solely existed on-line as of 2016.
“Protecciu00F3n Plenitud” is listed because the proprietor of Guarantee For Life’s web site area, by means of an incomplete deal with in Florida.
This seems to match up Guarantee For Life offering a Doral, Florida company deal with on their web site.
Effectively, type of. The deal with offered on Guarantee For Life’s web site is a digital deal with offered by Davinci Digital.
I wasn’t in a position to make sense of what “Protecciu00F3n Plenitud” is. The string seems on bizarre textual content recordsdata for those who seek for it.
Replace twentieth October 2021 – Jon within the feedback beneath has revealed “Protecciu00F3n Plenitud” corresponds with Proteccion Plenitud, Inc., a Florida firm integrated in 2005. /finish replace
The solely govt that options in Guarantee For Life’s advertising is Business Supervisor Sandra Chica.
Be it a sixty-seven or six yr outdated MLM firm, not offering govt data is a crimson flag.
As at all times, if an MLM firm shouldn’t be brazenly upfront about who’s operating or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Guarantee For Life’s Merchandise
Guarantee For Life market “funeral help plans”.
A “registration payment” is talked about in Assurance For Life’s advertising. The precise payment quantity nonetheless isn’t disclosed.
Guarantee For Life’s funeral help plans cowl:
- switch of a physique throughout the US;
- switch of a physique to nation of origin;
- cargo of a physique to a “nation of vacation spot” (chosen nation?);
- unrelated below sixty-fives; and
- as much as two folks 80 years or older per Large and Small Household plan.
Protection spans the US, Latin America and the Caribbean.
When submitting for a declare, Guarantee For Life supplies members with three choices:
- Nationwide possibility – physique switch throughout the US, fundamental funeral bills, cremation, airline ticket to attend funeral
- Roots possibility – fundamental funeral bills in Latin America, cremation, airline ticket to attend funeral
- Return possibility – delivery of physique “to the place of vacation spot throughout the space of protection”, reception at chosen vacation spot, fundamental funeral bills, airline ticket to attend funeral
Word that Guarantee For Life’s offered choices explicitly state “ticket”, suggesting just one airline ticket is issued.
Guarantee For Life’s Compensation Plan
Guarantee For Life pays commissions on direct and residual gross sales of Funeral Plans.
Guarantee For Life calculates commissions primarily based on “the annual worth of the plan” offered. This features a registration payment.
This implies that commissions are calculated on an annual complete of month-to-month charges paid.
To qualify for commissions, all Guarantee For Life associates should “make two month-to-month gross sales”.
This seems to be an ongoing requirement for new gross sales quantity.
Guarantee For Life Affiliate Ranks
There are 9 ranks inside Guarantee For Life’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Newbie – join as an Guarantee For Life affiliate and buy a Household Plan
- Junior – make two gross sales and generate 4 downline gross sales
- Senior – make one other two gross sales and generate eight downline gross sales
- make six gross sales
- Director – generate twenty-five gross sales (private/downline ratio not specified), recruit and keep two Seniors
- Chief – recruit and keep two Administrators
- Supervisor – recruit and keep two Leaders
- Division Supervisor – recruit and keep two Managers
- Regional Supervisor – recruit and keep two Division Managers
Direct Commissions
Guarantee For Life associates earn a direct fee on quantity generated through private gross sales.
- Inexperienced persons earn 35%
- Juniors earn 40%
- Seniors earn 50%
- Administrators earn 55%
- Leaders earn 60%
- Managers earn 65%
- Division Managers earn 70%
- Regional Managers earn 80%
These gross sales may be to private retail prospects or recruited associates
Senior Residual Commissions
Guarantee For Life pays a particular residual fee to Senior ranked associates. downline gross sales quantity.
Residual commissions in Guarantee For Life are rank-based, each for the qualifying affiliate and their downline.
- Seniors earn 15% on personally recruited Newbie quantity and 10% on Junior quantity
- Administrators earn 20% on personally recruited Newbie quantity, 15% on Junior quantity and 5% on Senior quantity
- Leaders earn 25% on personally recruited Newbie quantity, 20% on Junior quantity, 10% on Senior quantity and 5% on Director quantity
- Managers earn 30% on personally recruited Newbie quantity, 25% on Junior quantity, 15% on Senior quantity, 10% on Director quantity and 5% on Chief quantity
- Division Managers earn 35% on personally recruited Newbie quantity, 30% on Junior quantity, 20% on Senior quantity, 15% on Director quantity, 10% on Chief quantity and 5% on Supervisor quantity
- Regional Managers earn 45% on personally recruited Newbie quantity, 30% on Junior quantity, 25% on Director quantity, 20% on Chief quantity, 15% on Supervisor quantity and 10% on Division Supervisor quantity
The MLM aspect of the enterprise takes place by the use of these residual commissions being coded.
That’s the Regional Supervisor charges are at all times paid out on new gross sales.
If a decrease ranked affiliate makes a sale, they obtain their share and the remainder is handed up through a unilevel compensation construction:
Let’s take a Supervisor ranked affiliate with a personally recruited Director who makes a sale.
The Supervisor ranked affiliate makes 10% on Director gross sales quantity and is paid as such.
If we take a look at the Regional Supervisor charge, we see that 25% is paid on Director quantity.
This leaves 15% of quantity nonetheless to be paid out on that Director’s sale (25% minus the ten% paid to the Supervisor).
To pay this out the system searches upline within the unilevel crew for a better than Supervisor ranked affiliate (Division or Regional Supervisor).
If a Division Supervisor is discovered first, they obtain 5% (15% minus the ten% already paid out).
The system then continues to go looking upline for the primary Regional Supervisor to pay the remaining 10% to (25% minus the 15% already paid out).
If a Regional Supervisor is discovered first, they obtain the complete excellent 15%.
On this method larger ranked associates earn residual commissions on the gross sales of lesser-ranked associates.
Word that nothing is ever handed up on a Regional Supervisor’s sale, or when a Regional Supervisor is handed up a coded bonus.
Becoming a member of Guarantee For Life
As per Guarantee For Life’s advertising materials, affiliate membership is tied to the acquisition of a Household Plan ($40 to $75 a month).
A undisclosed “registration payment” can be charged.
Guarantee For Life Conclusion
Guarantee For Life positively comes off as a faceless company. That is by no means an excellent search for an MLM firm.
Particularly when there are unanswered questions as to Guarantee For Life’s web site presence, versus its declare to have been round for 70 years.
There’s clearly some mother or father firm shenanigans occurring right here, however nothing is disclosed.
As to the plans themselves, fortunately that’s one space Guarantee For Life are clear in.
Guarantee For Life declare to have”one of the best funeral help plan in america”.
If you happen to’re buying round for funeral help safety, go searching and evaluate.
The MLM aspect of Guarantee For Life is pay to play. That is quoted instantly from an official Guarantee For Life advertising video;
The activation course of is by buying you household plan.
By way of your sponsor, you’ll obtain a hyperlink to entry the applying on our platform.
Pay to play lends itself to Guarantee For Life working as a pyramid scheme.
This could be the case if nearly all of Guarantee For Life plan holders are additionally associates (lively and inactive).
For his or her half Guarantee For Life claims to have “2 million protected members in Latin America and the US”.
I doubt the corporate has wherever close to that quantity of associates, so on the floor these figures look promising.
The excellent news is, as a potential Guarantee For Life affiliate, ascertaining whether or not your potential upline is operating a pyramid scheme or not is simple.
To qualify for commissions, each Guarantee For Life affiliate is required to make two new gross sales each month.
Simply ask your potential upline what number of gross sales they revamped the previous few months, and what number of of these gross sales had been retail gross sales.
Don’t settle for imprecise solutions, and take any hesitancy as affirmation of a scarcity of retail gross sales – each of that are not what you’re searching for.
If then again you’ve discovered Guarantee For Life’s plans to be aggressive, and your potential upline is operating a retail targeted enterprise – it’s true everybody goes to have to contemplate funeral prices at some point.
Advertising Guarantee For Life may very well be a bit tough. Insurance coverage tends to place folks to sleep, and no person needs to consider their very own funeral or that of their family members.
Personally I’m nonetheless hung up on the shortage of company disclosure. If anybody can suss out who’s operating Guarantee For Life, or what the deal is with the secrecy, let me know within the feedback beneath.
Good luck!
