Freedom Equity Group Review (2023): Is It Actually Legit?

Updated On: November 28, 2023


Welcome to my Freedom Equity Group Review review. My goal is to answer common questions like: how much it costs, if it's a scam, and if you can actually make money with it. The end goal is to help you understand if it's a good fit for you personally, and if there are any better alternatives out there.

This Freedom Equity Group Review review has been throughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.

Table of Contents

Program At A Glance

What I liked
Inclusive work environment
Everything about this company is authentic
You are your own boss
What I Didn’t Like
Heavy on recruitment
1-time agent entry fee
When it comes to finding leads, you're on your own.

If you’ve found yourself on my blog, you might be considering joining the Freedom Equity Group as an insurance sales representative. You may be wondering whether FEG is a “genuine” business and doing some investigating to find out the answers you need.

If so, you’ve come to the right place! In this article, I’ll go over how Freedom Equity Group works, what it is, who the founder is, and its compensation plan.

MLMs like Freedom Equity Group are a bit of a mixed bag. They CAN be a legitimate way to make money, but some have a reputation for literally ruining people’s lives – so it’s important to know what you’re getting, since each one is unique.

Like most of my readers, you were probably introduced to this one via a friend or some influencer you trust online.

And it makes sense why so many people recommend them:

Making money outside of a 9-5 can be… life-changing, to say the least.

So in this article, I want to help you explore two things:

  1. If MLMs are actually a worthwhile business to pursue
  2. If Freedom Equity Group is a worthwhile MLM

Before that, I want to clear the air on something.

There are A LOT of people out there who bash all MLMs in any form. However, I’m not one of those people.

Instead, I want to genuinely educate you about them so you can make an informed decision on how to proceed.

If you’re unfamiliar with what MLMs actually do:

They’re businesses in which you pay money to a company for the ability to sell their products.

Sometimes the products are actually kind of decent (I still remember my mom throwing Pampered Chef parties when I was younger).

Other times the products are really poorly made and come with a high price tag.

Typically, the only way to really make money is to get people (mostly friends & family) to sign up with you for a recurring subscription.

If the product is 100% legitimate & valuable, it’s entirely possible to get people to sign-up and continue paying you.

If the product is subpar, you’ll usually burn those bridges kinda quickly and end up with $0 coming in each month.

The biggest issue I’ve seen is that this puts significant stress on your personal relationships, as you’re reliant on selling to your “network.”

Think about it: if you KNEW that every time your friend Sally called, she’d be trying to sell you on one of her products… you’d eventually stop answering Sally’s calls.

Now, this doesn’t mean MLMs are outright bad… it means you need to know what type of MLM you’re getting yourself into before you sign up.

Again, some MLMs provide real value to people, but MOST don’t – so in this article, I’m going to explore the case with Freedom Equity Group.

But before that, I want to ask you a question: what if there was a way to build actual recurring, semi-passive income?

Income that:

  • Doesn’t have inventory
  • Doesn’t make you sell to your friends & family
  • Doesn’t force you to recruit people onto your “team”

Something that you could make anywhere from $2,000 – $10,000 consistently, month after month?

A stream of income that you can build as high (or low) as you feel like building it?

If that sounds interesting, you might want to think about using the Digital Rental Method.

If you wanna see what Freedom Equity Group looks like on the inside, keep reading.

What Is Freedom Equity Group?

What Is Freedom Equity Group

The Freedom Equity Group is an independent marketing organization (IMO) that promotes, sells, and distributes the insurance policies of its partner companies. The California-based firm works with major players in the insurance industry, including Fidelity & Guaranty, American Equity, and National Western Life.

In conjunction, they work hard to get bright producers to join their agency to master their sales and marketing strategies for selling these insurance companies’ products. Ronald Bloomingkemper, Ronald Petrinovich, and Bill St. Clair created Freedom Equity Group in 2002. They all have extensive experience marketing life insurance and annuities nationally.

Who Are The Founders Of Freedom Equity Group?

Ron Bloomingkemper

Ron Bloomingkemper

Ron Bloomingkemper has worked in the financial industry for over 40 years. Ron has spent more than 40 years as a professional in life insurance and annuities.

As an investor and co-founder of National Marketing Alliance, which has written over $40 billion in premiums, he had a hand in building one of the most successful companies in the United States.

He and his partners are doing it again on a national scale, extending their expertise and abilities to levels that few companies achieve.

Ron Petrinovich

Ron Petrinovich

Ron grew up in Los Gatos, a city in California. More than 37 years have passed since he wed Karen. In addition to his three kids, Ron also has five grandkids.

Ron’s father was a successful CPA and business owner. He learned from him the merits of working for oneself and the need to save money in retirement via careful tax preparation.

Ron received his BS and MBA degrees from the University of Santa Clara and took great pride in providing the FEG community with outstanding products, training, and leadership.

Bill St. Clair

Bill St Clair

Bill was raised by a single mom, who managed an insurance marketing business, and he helped out whenever he could. They worked together to launch a successful estate planning and annuity business. He began working with National Marketing Alliance annuity division managers Ron Petrinovich and Ron Bloomingkemper in 1992.

What Products Does Freedom Equity Group Offer?

What Products Does Freedom Equity Group Offer

The Freedom Equity Group is an insurance and annuity sales agency. Its major offering is index universal life insurance, a kind of perpetual coverage that also accumulates a cash value.

The accumulation of equity-indexed universal life insurance is related to a stock market index. The cash values of your customers are determined by the success of the various stock indexes you choose. Freedom Equity Group policies also provide living benefits, which let you use your coverage throughout your life.

Freedom Equity Group Compensation Plan

Freedom Equity Group offers two ways to earn money:

  • Selling insurance policies
  • Recruiting insurance sales representatives

When you sell insurance, you get a commission. If you aren’t making any sales yourself, you may still boost your earnings by bringing on other salespeople to do so.

Training reps up to regional vice presidents make up FEG’s affiliate ranks. Sales commissions have a role in organizational advancement. Hiring a sales representative with Freedom Equity Group requires first locating a recruiter. You may start selling and recruiting when you’ve completed the first training.

Throughout the process, you will be guided by an experienced field leader, and you will always be a team member. Leads and lead sources are fully up to you. These may be self-generated leads, such as relationship referrals and word-of-mouth marketing, or they can be purchased.

A significant issue in insurance sales is the prevalence of insurance MLMs that prioritize recruiting over producing, resulting in unqualified, inexperienced “trainers” bringing in new agents without the necessary expertise to teach them fully. Mentoring and training are important components of FEG’s business model.

You can quit the Freedom Equity group whenever you like. Remember that as an insurance agent, you are licensed by the state, not the corporation. No insurance agency can restrict you from terminating your relationship with it and conducting business with another organization.

There are a lot of other companies comparable to Freedom Equity Group, just like USHEALTH Advisors; it specializes in promoting innovative and cost-effective healthcare programs. Families and individuals, as well as self-employed and small business owners, are targeted by the company’s healthcare solutions.

There’s also New York Life, which provides premium life insurance, long-term care insurance, and retirement income insurance, as well as investment programs such as annuities, mutual funds, and ETF saving plans.

You can also try People Helping People since it focuses on term insurance, index universal life insurance, and fixed indexed annuities.

Are There Alternatives To Freedom Equity Group?

Options concept - wooden signpost

Yes, there are plenty of other business models to choose from if you want to pursue making money online. Here are just a few:

Is Freedom Equity Group A Scam?

Is It Scam

So, time for the $1,000,000 question: is Freedom Equity Group a scam?

No, not technically. They aren’t going to run off with your money and not give you what you paid for. It’s 100% possible to make money with this program.

That being said, it’s not nearly as simple as they want you to think it is.

There’s A LOT of work to be done upfront, and no guarantee that you’ll be successful. The commissions are also fairly small.

Don’t get me wrong, I’m all for doing hard work now, so that I can reap the benefits later.

But if you’re going to work really hard for 3 months, and your reward is a $100 check… it’s not really a great opportunity.

If I’m gonna do that, I want the rewards to be HIGH and virtually guaranteed.

I’d rather put in that same 3 months of work (in my spare time) & build a handful of Digital Rental Properties that each produce $500-$2,000 checks every single month afterward (AKA recurring income).

And the cool part is that you can do it in a lot less time than 3 months (I personally did it in my first 2 weeks of using the Digital Rental Method).

Unlike with MLMs, you can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.

All you need is an internet connection.

Some of my friends are Digital Rental Method that run their 6-figure businesses from:

  • Camping trips at national parks
  • Beachfront in Hawaii
  • On the road in a camper van (with a pet pig!)

They focus on living an enjoyable life first, and focus on income second. All thanks to this program

They can take weeks or months off, and money keeps rolling in.

Living happily is the top priority.

If the thought of living perpetually at your dream vacation spot interests you, using the Digital Rental Method might be for you!

What Is My Top Recommendation For Making Money Online In 2023?

What Is My Top Recommendation For Making Money Online In 2023

I’ve personally tried all of the major online business models:

  • I’ve sold fidget spinners through Amazon FBA
  • I’ve drop-shipped a toilet bowl putting green on Shopify
  • I’ve sold women’s health supplements via Clickbank affiliate marketing

And I made money with all of them, so trust me when I say: there is no “perfect” business model.

I’ve also been on the other side of old friends trying to sell me their fancy new MLM products.

That being said, my #1 recommendation for making real money online is, hands-down: being a Digital Landlord.

Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, using the Digital Rental Method is for you.


Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.

Read Our In Depth Breakdown Of The Top 5 OppMLM Courses For 2024

Did Freedom Equity Group Review Make The List?

And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.

That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.

But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.

Ownership & Control: With MLMs, you don’t really “own” anything – everything belongs to the MLM.

If you read the contracts, they can kick you out or change your commission at any time (it’s happened in a few high-profile MLM cases recently).

Why pour your soul into a business that could be taken away from you at the drop of a dime?

With the Digital Rental Method, you literally own all of the assets, which means you have ultimate control.

Big Margins: With MLMs, you’re often going to have really slim margins. That means you need to have a VERY large network to make serious money. This usually entails spending A LOT of money on ads and other methods for recruiting members.

using the Digital Rental Method, your profit margin is nearly 100%. Watch here to learn how.

Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases, and the effort put into creating the next property decreases.

Best-case scenario, you have properties bringing in over $3,000+/mo on auto-pilot.

It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…

If you wanted to double your income with an MLM, you would need to sell twice as much inventory. And I can guarantee you, that’s a lot harder than a few clicks & a phone call.

You’re Helping REAL People: My biggest gripe with MLMs is that you’re likely going to ruin your personal relationships.

The MLM may have convinced you that you’re actually helping people, but it’s often not really true.

But With the Digital Rental Method, you’re helping solve REAL problems that people are ASKING for help with:

Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.

You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.

Having this type of impact on the world is what will help you sleep soundly at night.

So, the rest is up to you. You could keep looking at other MLM programs like Freedom Equity Group, which might make you money 12 months from now.

You could keep researching and researching for the next few months (or few years), never making a concrete decision.

OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.

Making a fortune while actually helping real people that need it.

If this sounds like you, click here to see how it all works.



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