Freedom Equity Group Review – Scam or Legit MLM?

Welcome to my Freedom Equity Group review. This is an MLM company that offers insurance to its clients.

According to their website, you can become an agent and get paid to promote this opportunity to people who are interested in making money online. 

There are many pyramid schemes out there that portray themselves as legit organizations, which is why it’s important to make sure that you’re not dealing with scammers and frauds. 

That’s why reviews like this one exist. 

Before we dive deep into exploring everything about Freedom Equity Group, let me point out that I’m not affiliated with them in any way or form, so I won’t be trying to recruit you into my downline. 

Instead of trying to convince you how great this company is, I’m going to break down everything that you need to know to make an educated decision and give you my honest opinion about it without any hype or exaggeration.

Ready? Let’s get started…

Freedom Equity Group Review Summary

Product Name: Freedom Equity Group

Product Type: MLM

Product Owners: Ron Bloomingkemper, Ron Petrinovich & Bill St. Clair

Product Price: $125 + $200 To $300 in Additional Licensing Fees

Overall Score: 45/100

Recommended: Not For Beginners!

Summary: There are two ways to earn income online with this MLM company. The first one is by selling insurance to people and the second one is by recruiting others and getting them to join your downline as promoters of this business opportunity.


You can combine both methods, but you should know that the REAL money is made by increasing your downline and signing up distributors AKA agents under you.

This allows you to earn a small percentage of each sale that the agents in your downline generate. As with MOST multi-level marketing companies, you can profit from the efforts of your referrals, the people that they recruit, and so on.

The idea is to have a team of agents registered under you that are great at recruiting others.

If you want to earn a significant amount of money online with Freedom Equity Group you have to be great at managing people and onboarding others as distributors.

Both of these roles require advanced sales skills. People who excel in similar programs are those who know how to convince others to follow them.

Thinking on your feet and not building under pressure are both very important things you need to be good at.

It’s one of the hardest business models online. That’s why, if you’re a beginner with no prior experience in management, recruitment, or marketing, you will probably struggle a lot. If it sounds like you, then my advice is to explore other, beginner-friendly alternatives.

What is Freedom Equity Group?

It’s an insurance agency, that’s partnered with various companies in that niche market. Freedom Equity Group promotes, sells, and distributes insurance products.

The company is focused on recruiting agents and helping them get started in this industry. The only way that you can become an agent is by being invited by a member of Freedom Equity Group.

That person will become your mentor and upline manager. In other words, they will be responsible for helping you out and ensuring that you land more sales.

Your level of performance directly affects their income, which is why it’s of their interest to teach you everything that you need to know about the business and how to be a great distributor.

The problem with most MLM’s out there is that they are mainly focused on signing up more recruiters and rewarding them for enrolling others.

This means that your inviter may be just as inexperienced as you when it comes to teaching the ins and outs of this business model. If they can’t train you properly, then you won’t be able to successfully implement what you’re being taught.

In addition, most recruiters present their prospects with UNREALISTIC claims of income to entice them into joining their downline. This is a common thing when it comes to MLM’s.

Utility Warehouse Partner Services is a similar company, known for its exaggeration and hype when it comes to rewarding its distributors for promoting this as a business opportunity for making money online.

If you get approached by a representative of this or any other MLM, the first thing that you should realize is that if it sounds too good to be true, it probably is.

Is Freedom Equity Group a Scam?

No, the company is not a scam. It’s a legit organization, accredited by the BBB, which is definitely a GOOD sign. The better business bureau acknowledges this as a viable and trustworthy company.

This MLM company has been around for over 18 years, which means that it’s unlikely that it will go anywhere, anytime soon. Does that mean that anyone can benefit from Freedom Equity Group (FEG)?

Not really, and here’s why. It’s important to understand that this is a business with a commission-based structure in place. In other words, you will be rewarded based on your performance.

There is no fixed salary that pays you for the time you spend working towards bringing in more sales and profits to the company. You have to be good at delivering results because it’s the only way to get rewarded for your efforts.

If you’re not good at direct selling, marketing, and driving traffic (web users) to a product offer or service, you have to be willing to commit to the hard work and effort that it takes to learn how to be an efficient salesperson.

You also need to have the budget to keep paying your ongoing fees while you’re learning.

There’ a lot of things that you need to be great at before you get the chance to make REAL money online with FEG. In my opinion, there are EASIER ways to earn income from home.

Is Freedom Equity Group a Pyramid Scheme?

Some people are under the wrongful impression that ALL multi-level marketing companies are pyramid schemes. There are CLEAR distinctions between one and the other. Here’s why Freedom Equity Group is NOT a scheme of any kind. 

FEG has been around for a LONG time. It’s a company that has been officially approved by organizations that are tasked with establishing the legitimacy of businesses from all over the world.

A pyramid scheme is an illegal organization that rewards its members for recruiting others WITHOUT offering any other incentives that justify investments in that company.

In other words, people don’t get anything in exchange for their money, except the ability to get paid for promoting others and getting them to become members.

With Freedom Equity Group you get the chance to make money by selling insurance to interested individuals, alongside the opportunity to onboard more distributors.

If you want to see a clear example of a pyramid scheme, then you should see my Daily Digital Club review. When it comes to that kind of stuff, it’s usually difficult to spot the REAL companies from the illegal, fraud organizations, designed to take your hard-earned money.

Hopefully, now you know the difference between an illegal pyramid scheme and a LEGIT multi-level marketing company. It’s also worth noting that I haven’t seen any illegal organizations that have stayed in business for more than a few years. 

Who Founded Freedom Equity Group?

FEG was founded in 2002 by Ron Bloomingkemper, Ron Petrinovich & Bill St. Clair. All of them have experience in marketing and direct selling in the insurance industry.

Ron Bloomingkemper is known for his experience in promoting Primerica and A.J. Williams, which means that his involvement with MLM was before he co-founded Freedom Equity Group. He got acquainted with Ron Ptrinovich and Bill St. Clair through National Marketing Alliance.

Who is Ron Bloomingkemper?

He is FEG’s chairman. Ron has over 40 years of experience in the financial services industry.

He is the owner of National Marketing Alliance, which generated over 40 billion by selling insurance, he managed to help in the creation of one of the highest producing companies.

Who is Ron Petrinovich?

Born and raised in Los Gatos, California, Ron adopted the entrepreneurial mindset at a young age, due to the fact that he was raised by a successful CPA and entrepreneur.

He graduated from the University of Santa Clara. Ron prides himself in being one of the trainers inside the FEG community, teaching leadership and offering high-quality education.

Who is Bill St. Clair?

He’s the president of Freedom Equity Group. Assisting in his mother’s insurance marketing company has made him experienced and well educated in the field.

Together they built a successful business in financial services, specializing in estate planning and annuities. In 7 years, he managed to successfully recruit over 30,000 licensed agents.

Freedom Equity Group’s Products

FEG is partnered with insurance companies such as National Life Group, American National, AIG, Fidelity & Guaranty Life, and more. The main products that are sold through Freedom Equity Group are related to universal life insurance and annuities.

Freedom Equity Group’s Compensation Plan

You can earn income by selling insurance policies and by recruiting others into Freedom Equity Group. When you sell a policy, you earn a percentage of the profit as a commission payment.

There are many insurance policies that you can sell, and the commissions that you can earn vary a lot.

Most agents that are serious about earning a full-time income with this MLM focus on recruiting others into this business and showing them how to sell insurance and get more referrals. 

That’s because affiliates who promote this business opportunity to interested individuals get paid at an increased rate as they progress through the 6 affiliate ranks. In other words, your commissions per referral and insurance that you sell increases with each rank.

Here’s a breakdown of the rank-based system inside Freedom Equity Group and the amount of money that you can potentially earn as you progress through the ranks.

Direct Sales Earnings Potential & Rank Breakdown

Here’s a percentage of the commissionable volume that you can generate by selling insurance policies through FEG.

– Training Representatives Earn 30%

– District Managers Earn 40%

– Division Managers Earn 45%

– Regional Managers Earn 55%

– Regional Vice Presidents Earn 70%

Commissions Per Affiliate That You Recruit

You become an affiliate when you recruit your first member. They instantly get registered under you, which makes you their mentor and invitee.

For each person that your affiliate recruits, you earn a percentage of the sales they generate alongside all the recruiters that they onboard and so on in your downline.

This process can expand infinitely, which means that the more people you invite, the higher your earnings can get.

You unlock the ability to earn a percentage of your referrals earnings when you become a Regional Vice President (RVP). Here’s a breakdown of your earnings potential as an RVP.

– First Level Pays 14% of Your Referrals Total Earnings. Those are the people that you personally invite to FEG.

– Second Level Pays 9% of Their Total Earnings. Second level members are those that join due to the recruiting efforts of the people that you’ve personally invited to FEG.

– Third Level Pays 8% Of Their Total Earnings. That’s when the referrals of your referrals invite people to join FEG.

– Fourth Level Pays 8% of Their Total Earnings. 

– Levels Five & Six Pay 7% of Their Total Earnings.

You can’t go more than 6 levels down in your earnings team, but everyone in your team can invite an endless number of people.

How Much Can You Realistically Expect to Earn With Freedom Equity Group?

According to Freedom Equity Group’s Income Disclosure Statement, the average earnings of all independent representatives from January 1 through December 31 was $6,867. Only 10,2% of those that enrolled became eligible to earn commissions from FEG.

If the average earnings for the entire year were less than 7K, this means that REALISTICALLY there is not a lot that you can expect to make with this MLM company. If you want to beat the odds, then you have to be exceptionally good at selling and managing people.

How Much Does it Cost to Become a Distributor With Freedom Equity Group?

The price for becoming an affiliate of FEG is capped at $125. When you pay, you become eligible to promote this business opportunity to others, and you qualify for commissions.

To sell insurance, you have to complete various courses and pay license fees that will accumulate to $200 – $300. The price that you will pay depends on the type of insurance that you are looking to start selling and the state that you’re looking to sell in.

What I Like About Freedom Equity Group

1. It’s Legit. The company has withstood the test of time and prevailed, which is NOT something that a lot of MLM’s can manage to achieve.

2. You Can Make Money Online. If you know how to sell, there is a REAL chance to earn a decent income with FEG.

What I Don’t Like About Freedom Equity Group

1. MLM is Difficult. Most people that try to make money online with MLM fail. It’s usually because they approach this business model with UNREALISTIC expectations.

2. Recruiters Tend to Exaggerate. That’s because they WANT you to join their downline. It’s how they make money.

My Recommendation

Here’s what you need to get out of this article. Getting into MLM and becoming successful is way harder than it may look at first glance.

If you’ve been approached by a representative of Freedom Equity Group, it’s better to be skeptical than naive into thinking that you can make easy money online with them.

The only way to achieve fast results is if you have good management and recruitment skills. Otherwise, there will be a steep learning curve, as with most legit business opportunities.

If you’re not experienced with MLM, then my recommendation is to find a less demanding alternative that does not involve direct selling or managing a team of people.

See how these people are banking profits using a simple yet incredibly effective blueprint that most neglect and lose out on that opportunity forever.