MLM Networks Promoting IUL Policies as Retirement or Investment Plans
RP Legal LLC is actively investigating major multi-level marketing (MLM) organizations that aggressively sell Indexed Universal Life (IUL) policies using deceptive tactics. These companies recruit inexperienced agents to promote IULs as tax-free retirement strategies or investment income alternatives, often without explaining the risks, fees, or long-term consequences.
Many victims were approached by someone they knew, a friend, relative, or new “financial advisor,” who was simply following an MLM script. The result: complex, high-cost life insurance policies sold under false pretenses.
Below are the largest MLM insurance sales platforms we are investigating.
World Financial Group (WFG)
- One of the largest MLMs in North America
- Closely affiliated with Transamerica
- Promotes IULs as alternatives to 401(k)s and IRAs
- Recruits thousands of agents with no financial background
- Known for “tax-free retirement” and “be your own bank” pitches
- Agents often present themselves as financial experts despite lacking credentials
PHP Agency
- Aggressive marketing of IUL policies to professionals, first-generation families, and immigrant communities, often with little explanation of long-term risk
- Strong emphasis on agent recruitment and downline growth, with limited financial education or regulatory oversight
- Use of social media, YouTube, and seminar content that promotes IUL as “free insurance,” “better than a 401(k),” or “tax-free retirement planning”
- Sales materials and illustrations that rely on unrealistic performance assumptions, omit key disclosures, and fail to explain how policies can lapse or implode
Five Rings Financial
- Niche MLM focused on women and middle-class professionals
- Promotes IULs for living benefits and tax-free retirement
- Hosts “Wine, Women and Wealth” events to attract recruits and clients
- Sales messaging emphasizes empowerment while minimizing risk disclosures
Family First Life (FFL)
- Fast-growing IUL and life insurance sales platform
- Emphasizes aggressive recruitment and rapid policy sales
- High agent turnover and internal pressure to hit production targets
- Often sells policies without adequate explanation of long-term policy performance
MLM IUL Sales Are Not Financial Planning
Agents in these MLM networks often:
- Lack securities licenses or fiduciary duty training
- Use recycled marketing materials from upline teams
- Misrepresent IULs as “safe” or “guaranteed” retirement tools
- Fail to disclose or even understand internal costs, cap rate declines, or policy collapse risk
- Recommend rollovers or IRA liquidations without proper analysis
These are not isolated sales. They are part of a widespread pattern of abuse within the MLM life insurance industry.
RP Legal LLC Is Taking Action Nationwide
If you bought an IUL policy through WFG, PHP Agency, or any MLM-based agent network, and your policy is underperforming, collapsing, or putting your financial future at risk, you may be entitled to compensation.
Request a confidential policy review today with RP Legal LLC — the nation’s leading law firm in IUL litigation.