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, Primerica, 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.