Associate - Associate Syncis Employee Review

1.0
26 Dec 2015
Recommend
CEO approval
Business outlook

Pros

Some of the knowledge/training you learn is practical, but ultimately it's a sales job: They give you life insurance books, teach you "financial" concepts, give you a company mentor and encourage you to sell insurance to your friends. They have nice rewards but its for those that sell the most insurance. Your rewards are functioned like a pyramid scheme. If you sell someone a lifetime of insurance, you get 30% of the first years premium, your recruiter 20%, your recruiters recruiter 20%, and your recruiters recuiter 8-10%.

Cons

I came one hour late to the interview, knew nothing, had lousy resume and they still gave me job. HUGE HUGE HGUE RED FLAG!!!!!!!!!!!!! but took job regardless, thinking a friend smoothed things over. Working for them: PAY: No pay, COMMISION ONLY Paid by Pyramid Scheme style Structure acts like a pyramid scheme, you sell insurance, you earn 30% of first year premium. Then the other 40% is given to the person that trained you and recruited you. Recruitment: They pressure you to give up your contacts so that a recruiter from the company may call them and "recruit them" for the job. That's the way I was recruited. A friend of mine "sold" my contact to them and they called me for an interview. Even if you have bad relation, they want you to forfeit your friends number. The recruiter would then call and say an "anonymous" employee left your contact, "we'd love to have you come to our office for an interview." Not only that, but they keep the phone call short and make it a mission not to divulge anything about the company other than it is "a financial company and we'd love to have you come over." They dodge questions by saying they need to go to a meeting and will tell the person that gave up the contact not to say anything about the company to the interviewer until the interview, where the newbie will be pressured to join. BACKGROUND CHECK: They made me pay for my own background check in the company. TME: They will suck up all your time. They ask you to come to office every day for "training". Honestly, they are a LEGAL insurance sales pyramid scheme. Avoid! Avoid! Spend your time more wisely. Working at McDonalds would be better.

Explore other reviews about Syncis

5.0
4 Dec 2023
Recommend
CEO approval
Business outlook

Pros

Very good managers, training was great

Cons

Commotion only. They don’t pay hourly

1.0
22 Apr 2024
Recommend
CEO approval
Business outlook

Pros

I am researching other offices that are community based, I know they exist. You can make a very good salary educating folks about Life Insurance. You just have to find that group that speaks to you. If it does not feel good, it is not right. Remember that.

Cons

My first rollover was an annuity $46k+ Bonus $3k+ from carrier = $49k+ 10yrs Carrier gets to invest 49k for 10 years Commission distribution: Trainers (that don't train) $5k Pyramid trickle system: $4k guess Agent $1,115k. ME!

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