first financial Security First Financial Security is a scam. I have the detail and proof! Norcross, Georgia

I found out the information I was looking for on "First Financial Security" I think a lot of this stems from a report from last year. , gpo.gov/fdsys/pkg/USCOURTS-mnd-0_14-cv-01843/pdf/USCOURTS-mnd-0_14-cv-01843-0.pdf

There are several companies I have heard of. I think First Financial Security is one of the better ones. Seem to have good products. Haven't personally used them but would let someone talk to me if they wanted.  

Think of any business, you start at the bottom and work your way up. Employers will need a manager so some may get it off the back with good morale. Same concept. 

There are two types of people who handle new information: one who takes it in as false and another who can create an idea from that. 

Please keep in mind, successful people talk about ideas, not people. 

As an IUL policy owner. I fund a great amount into this. Of course, I was once the not knowledgeable in this field. With the policy, I won't lose with the market and I will get to take it out anytime without being taxed??? I baaically get a free death benefit?? It's too good to be true. But just like how I am, ideas came in mind and I jumped for it. I started funding this account and I could access it at anytime, finally seeing how it works. I finally decided to learn how the strategy works. 

TAMRA Act and the Seven Pay Test means the policy can not be funded any faster than seven years of equal installments. If it conforms to this, you can access this tax free via withdrawals and loans (a loan on your money). Basically it's how banks make money, but now you're the banker. 

After awhile I decided to jump into FFS. I learned a bit more on how the product works and I love it! As far as the business side, it's like any other business. No one will hand you it. Starting a business myself, it took me years to design my idea and currently pending patent. But this definitely is opportunity to anyone who is willing to be open minded and yearn to learn more in life. I believe you stop growing when you stop excepting to learn. 

Life is what you make it. Don't be afraid to try, worst case. You had a learning curve and now you know how to correct it next time around. Happens in business a lot, most people go bankrupt before making their first million. 

As a Hmong male who already has years of experience in sales.  I do agree with the writer of this report.  No I don't think FFS is a scam.  But the honest truth is, you will be screwing over your own people.  When I was recruited to FFS,  I played dumb and see what they had to offer, of course they pitched their asses off and made it seem like all you had to do was pay $125 and you'll start making thousands.  When the real cost was much more.

But once I started asking "her" the person in Fresno's FFS office the hard questions, she pretty much didn't know what to say.  If you have experience in sales, you'll know that they are dodging all your questions by doing the "give and take away" techinque.  That along made me wonder why they are recruiting anybody they can.  Because it's a quick way to make money off of you. 

But I still thought about it, because I had experience in sales and I thought this could be easy money.  But I did more research,  what I couldn't get pass was f****** over other hmong people.  We should be helping out our Hmong community, not trying to make a buck of them.  All of our elders who can't speak English, of course they're gonna buy any cheap insurance they can off other Hmong persons who can sell it to them.  Because they don't know any better.  

 So no, FFS is not a scam, but believe me, everything you worked for and earned will go to the people above you.  While you make (if you don't know and thinks its alot of money) a small percentage, they will make twice as much of you.  What makes it effed up is that they lie to you to whole time and act like your best friend.  

 So if you don't mind getting lied too, and screwing over other Hmong people.  FFS will get a great fit for you.

 I find this complaint to be without merit. The company has clear guidelines on the requirements of being licensed in life insurance and in some states..annuities. All the companies that partner with FFS also require specific product and annuity training. NEVER has it been inplied that they or the director bringing you in would pay for licensing and classes. If someone said they would then your issue is with them and not the company. Some insurance companies do pay the costs, but they also require you to be full time, captive, and if you don't produce..your shown the door. FFS also clearly spells out about the initial cost of $125 for administrative (refunded if you complete your licensing and training sales within 90 days)

All this costs are tax deductable as you are paid on commission.

Sorry that you did not think before you became a partner, do enough research, or it did not work out the way you hoped, but you certainly were not ripped off. The tooth fairy isn't going to leave you money to educate yourself, develop a business, and pay for the required licensing and education. If you went into real estate or opened any type of business you will have initial overhead then as well. 

In reference to the person commenting on being a previous agent in FFS finding it a scam is a truly a misleading article. Like any job or business if one does not applied one selfs it will not matter what companies or job that you work for.. You will be a very disgruntled person. What you have to look at above and beyond is two important factors, one is the insurance carriers that they represent whom provides outstanding products and services. I am a client and so is many of my friends and families who sees their Index annuity returns earnings real returns over 18% or more with no downside risk not including the compounding life time income 8% that guaranteed when we signed up for the products 3 years ago. As far as the life insurance the living benefits that had been provided while they are in need of long term care is real and I have seen the benefits being utilized. FFS is using a mlm model to reach out to clients just like most other mlm companies do ..so does that means it is a scam for all? Just happens that if you research on Mr.Warren Buffett whom himself owned several mlm companies. I believe Mr. Buffeff sees the values in its distribution channels. If you are a fair individual and smart enough to know, please evaluate all aspects before jumping to conclusion. Well known insurance companies (160 years of experience) or more would not jeopardize their reputation to be affiliated with FFS if its not to their best interest. The bottom line if the products and services are in need by the consumer, do I really care how I was introduce to it? As a client, I want to make sure the contract is between me and the well known carriers that I am doing business with and they have great ratings with AM best and is approved to conduct business with the states laws and regulations. Last, please keep in mind when reading these reports there are always two sides to the story.. And this is mine from a happy client!!!

FFS is not a scam. Its a business opportunity. If you are not willing to put in the time and effort then your business will not grow. Your business will fail! A business does not run by itself. If you are not willing to put in the time and effort then this is not the right type of work for you. You might as well stick to your 9-5 JOB. This is for people who want to better thier future and have dreams. For $125 for a back office and $60 for your state license and $300 for your E&O insurance is a pretty cheap business start up. Anyone with the right business mind would know that you can not start a business for that kind of money. This is not a get rich quick business. It takes time to build your business. If it was a scam then why do you have to go get your life insurance license from the state? Why do the federal commissioner and state commissioner regulate the laws so heavily? Ask yourself these questions? You can't just blame a business that is allowing individuals the opportunity to get away from a JOB to work for themselves. When you failed. To run a business properly it takes a set amount of skills to be successful. The Statistics of the life of an successful business is 5 years if you can make it that far then your business will grow. Just ask any business person out there what the initial cost is to start a business? It would cost from 60,000 - 1,000,000. I know the cost I use to own my own restaurant. $120,000 start up cost, $1900 a month rent, $6000 a month payroll, $1700 payroll tax, $3500 a year insurance, $30,000-$50,000 a month food cost, $100,000+ tax. This is just some of the cost to run a business. This is just my opinion. Its not for everyone. But for those who are looking for the opportunity it is worth your time. Hard work pays off in the long run! If your lazy you will not go anywhere! Plain and Simple.

For someone to say ffs a scam really insults all 50 states insurance commissioner for approving legitimacy of being licensed in life and health. It also insults some of the biggests insurance companies that has been around hundreds of year who currently providing these services that you called scam.. It also insults most educated consumer who consist of many proffessional folks including Judges attorney , government, companies, corporate Fortune 500 who currently do businesses with First Financial Security sgent. So please do not prejudge who Ffs is based on the misguided and unfortunate lost soul who has no idea a legitimate businesses as as this one.

In regards to Gally's post, I find that He/She have a lot of falsifying and misleading information.  If you find this as to be such of a scam as you say, then why not contact the police, a lawyer, the attorney general and BBB??  But as most of people out there that complains about this Company and say misleading and deflamate this company, have really no credibility and would never want to do anything legally because they know they would be in the wrong.  People try in life and fail and guess what, we move on.  I guess in Gally's defense is that He/She joined and probably wanted easy money and found out that this aint no get rich scheme like he/she thought.  So as someone fails of course we are going to point fingers.  If life was design to be fair and good, we would all be rocket scientist and doctor's, but some try and majority fail.  This is a part of life, and as soon as you realize this than you will be okay.

And as I try to understand your post I understand that you are telling people what you did to decieve people and when that failed you blamed it on the company.  Read your post cleary.

This rebuttal is entirely my own opinion, not that of FFS.  It's not endorsed, sanctioned nor approved by FFS in anyway whatsoever.  As I read through this, I think the article by sister Gally was not accurate and does not represent what FFS is all about.  First of all, FFS is just like any other business.  It has its own way of doing things and it has been successful serving its hundreds of thousands of customers so far.  For one person with bad experience with FFS to label is a scam is not only unfair but plain wrong.  As an FFS agent, my experience with FFS is entirely different.  Of course, the company is always good.  What may be bad could be certain individual agents.  So, just because Gally does not like FFS does not make it a scam.  FFS is designed for business builders.  If you are looking to become an individual insurance producer, it's not for you.  You may be better off going directly to the carriers and get higher contract.  With the higher contract, you will be missing out certain benefits such as a tracking system to track your people and your money, a quality control system to take care of your applications, a business building system that runs your business, etc.  We choose to be with FFS and accept a lower contract because the benefits from FFS far outweigh the costs.  If you are greedy to the point that you want everything for yourself, you have to pay for everything yourself too.  The FFS system does filter out individuals whose interests may not be compatible with what FFS offers.  That's what FFS successful.  Every legitimate business requires investment--time, efforts and money.  If you are not will to pay the price, you are destined to fail.  And you will work for other people for the rest of your life. You may make a living but never a fortune.  I believe that what sister Gally was looking for was a get rich quick scheme (which was often illegal pyramid scheme where money flows from customers to the agents and the company and nothing flows out from the company and agents to the customers).  When she found out that FFS was no such thing, she got disappointed.  Of course, she has every right to express her opinions (free speech) as long as what she says is true.  To label FFS as a scam and claim that FFS has been classified by the government as scam is unfair and plain wrong.  I believe that's call defamation and libel.  FFS is a company with a culture of high integrity that will not tolerate any unethical or illegal behavior by its associates.