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Agent Agreements

FEG Agent Agreement July 2024

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Freedom Equity Group Independent Agent Agreement
Effective: 07/18/2024
This Independent Agent Agreement is entered into by and between Freedom Equity Group, LLC (“FEG”), and the individual who has electronically signed and submitted this Independent Agent Agreement (the “Agent”) to FEG.  FEG and Agent are collectively referred to as the “Parties” and may be individually referred to as a “Party.” In consideration of the mutual promises and covenants set forth below, FEG and Agent agree as follows:  
1. COMMENCEMENT OF AGREEMENT, RELATIONSHIP OF THE PARTIES
A. Agent agrees and understands that this Independent Agent Agreement shall not become effective until it has been accepted by FEG. The Independent Agent Agreement shall be deemed to be accepted by FEG when Agent has been issued an FEG Agent code.
B. Upon acceptance by FEG, this Independent Agent Agreement, together with the FEG Policies & Procedures, the Commission Schedules published in Agent’s back office, the FEG Agent Compliance Declarations, the FEG Social Media Policy, the FEG Products and Points Multipliers Schedule, the Ultimate Builder Multi-Pay System, all of which are incorporated by reference, shall constitute the entire agreement (the “Agreement”) between FEG and the Agent. This Agreement supersedes any and all prior contracts, agreements or understandings between Agent and FEG, including but not limited to “Single Case Agreements” for commissions on groups and /or individual policies or contracts, whether written or oral.  
C. FEG reserves the right to amend the terms of the Agreement, the Commission Schedules or the Advanced Commission Addendum, in its discretion. Amendments shall be effective thirty (30) days after notice of the amendment is posted or communicated to Agent but any amendment shall not apply retroactively. This Agreement may also be amended upon written consent of FEG and Agent.
D. Agent agrees to pay a one-time non-refundable enrollment fee of $125 to FEG to cover costs related to Agent’s back-office which contains sales aids and other business materials. This fee is the only required purchase to become an FEG Agent.
E. Agent expressly understands and agrees that Agent at all times shall be an independent contractor responsible for his or her own business activities and performance under this Agreement. Agent is solely responsible for setting Agent’s work hours and for paying expenses incurred by Agent in the operation of Agent’s business. Agent understands and agrees that AGENT IS NOT AN EMPLOYEE OF FEG AND AGENT WILL NOT BE TREATED AS AN EMPLOYEE FOR FEDERAL OR STATE INCOME TAX PURPOSES. Agent acknowledges that FEG is not responsible for income tax withholding and that it will not deduct or withhold any tax from Agent’s commissions or bonuses, if any.
2. AGENT BUSINESS PRACTICES
A. The Agent shall do business only in those states where FEG is authorized to do business. Agent must at all times be in compliance with all applicable regulatory licensing requirements applicable to the solicitation of applications for the approved products offered by FEG. A list of approved products offered by FEG is provided in the FEG Products and Points Multipliers Schedule located in Agent’s back office.
B.  All checks collected by Agent should be made payable to the Insurance Company the application is submitted to. Agent is responsible for delivering the policy, obtaining signed delivery receipt from client, obtaining any required signed amendments, and servicing all policies and contracts originated by Agent.
C. Agent must obtain PRIOR WRITTEN APPROVAL FROM FEG prior to utilizing or publishing marketing or advertising materials that reference FEG or any products or services marketed by FEG.
D. Agent shall have no authority to make, alter, modify, enter into or discharge any policy or contract offered by FEG; incur any debts or expenses on behalf of FEG; or withhold or convert to Agent’s own use or for the benefit of others any monies, securities, policies or receipts belonging to FEG.
E. Agent shall promptly submit to FEG or the applicable Insurance Companies all applications for policies.
F.  Agent shall have no authority to endorse or present for collection any check, draft or other instrument made payable to an Insurance Company.
G. Ethical Business Practices.  Agent shall at all times conduct FEG business in a manner that reflects favorably at all times on FEG, FEG products and services, and FEG Agents. Agent shall not engage in deceptive, misleading, or unethical conduct or practices that are or might be detrimental to FEG, other Agents or the public.  Agent shall comply with all laws, rules, regulations, and governmental requirements applicable to the operation of their independent FEG business and performance of their obligations under this Agreement, including the marketing, promotion, and sale of FEG products and services. In addition, Agent shall: (i) not publish or use any misleading or deceptive advertising material regarding FEG or its products or services; (ii) not make any statements, representations, guarantees, or warranties regarding FEG products or services that are inconsistent with those set forth in FEG publications; (iii) not make any online postings, or link to or from any postings or other material that is sexually explicit, obscene, pornographic, offensive, profane, hateful, threatening, harmful, defamatory, libelous, harassing, or discriminatory (whether based on race, ethnicity, creed, religion, gender, sexual orientation, physical disability, or otherwise), is graphically violent, is solicitous of any unlawful behavior, that engages in personal attacks on any individual, group, or entity, or is in violation of any intellectual property rights of FEG or any third party. 
H. Earnings Claims. Agent shall not make any earnings claims or representations in connection with promoting FEG as a business or income opportunity except as specifically set forth in materials published by FEG. Agent acknowledges that FEG does not pay any compensation, bonus, or commission for enrolling other Agents.
 
I.  Sales Tools. Agent may create her or his own sales aids, presentations, advertising and promotional materials (“Sales Tools”). All Sales Tools must contain only those product claims and income claims published by FEG, clearly identify they were created by an independent Agent and identify the Agent. Agent shall not sell or attempt to sell such Sales Tools. Agent may make Sales Tools available to other Agents free of charge.  FEG reserves the right to review any Sales Tools to ensure compliance with this Agreement.  In addition, FEG may create Sales Tools that are available for purchase by Agents.
 
J.  Use of Company Trademarks. The name “FEG” and other names and logos used by FEG are proprietary trade names, trademarks and service marks solely and exclusively owned by FEG (the “Company Marks”). FEG grants to Agent a limited, nonexclusive, non-transferable license to use the Company Marks during the term of this Agreement provided that such use complies with the provisions of this Agreement. Agent shall not use anything confusingly similar to the Company Marks in any email address, website domain name, or social media name or address. Agent shall also not use any Company Marks or any derivatives or variations of such marks or anything confusingly similar with any pay-per-click or other search engine optimization strategy.
 
K. Social Media & Digital Marketing. Should Agent utilize social media and digital marketing in promoting Agent’s FEG business, including but not limited to blogs/individual websites, web forums, Facebook, Instagram, Twitter, LinkedIn, YouTube, Pinterest, or other online platforms, Agent agrees to (i) conspicuously identify themselves as an independent Agent in all advertising, directory listings, promotional material, social media postings, and other forums in which they promote FEG’s products, services and/or business; (ii) follow the social media site’s terms of use. If the social media site does not allow its site to be used for commercial activity, Agent must abide by the site’s terms of use, and all other rules of the site; (iii) not use any social media site or other web presence on which they discuss or promote FEG or FEG products or services to solicit FEG Agents for another direct selling, network marketing or insurance company or business opportunity; and (iv) not imply exclusivity or ownership of a specific geographical area in a social media profile, post or website.
 
L. Confidential Information. Agent acknowledges that FEG may provide Agent with proprietary or non-public information and reports relating to Agent’s sales activity, other Agents, including downline reports, FEG products, FEG events and seminars, or FEG customers (“Confidential Information”). Confidential Information shall include, but not be limited to, reports and compilations generated by FEG that are made available to Agent, contact and earnings information of other Agents, sales information, forecasts, projections or other materials furnished or prepared by FEG for Agent’s use. Agent acknowledges that FEG is the sole owner of any and all Confidential Information provided to Agent pursuant to this Agreement. In this regard,  Agent shall: (i) not directly or indirectly divulge, disclose, disseminate, distribute, license, sell, use or otherwise make known any Confidential Information to any third party or person or entity not expressly authorized or permitted by FEG to receive such Confidential Information; (ii) use best efforts to prevent disclosure of any Confidential Information to any third party and exercise the highest degree of care and discretion in accordance with all express duties hereunder to prevent the same; and (iii) not directly or indirectly make any use whatsoever of the Confidential Information, except for purposes of performing services under this Agreement. The parties each acknowledge that the restrictions in this paragraph are reasonable efforts of FEG to protect and maintain the Confidential Information. The obligation of Agent regarding confidentiality shall survive for so long as FEG may, in its sole discretion, consider the Confidential Information to be confidential. Agent shall not directly or indirectly utilize Confidential Information in connection with any other business or commercial venture or the marketing or promotion of another company’s products or services. Similarly, Agent shall not directly or indirectly utilize Confidential Information to solicit other Agents or customers to join another direct sales company or purchase products or services from another company.
 
M. Non-Disparagement. During the term of this Agreement, Agent agrees to refrain from making negative, disparaging, untrue or misleading statements or comments about FEG, FEG products or services,  FEG’s officers, employees or other FEG Agents.
 
N. Non-Solicitation of Agents. During the term of this Agreement and one (1) year following the termination of this Agreement, Agent agrees to not directly or indirectly (i) solicit any FEG Agent to join, enroll or affiliate with another insurance or direct sales company; or (ii) terminate or alter the Agent’s business relationship with FEG. In this paragraph, “solicit” is defined to include the direct or indirect, actual or attempted, solicitation, encouragement, or effort to influence another Agent to participate in another direct selling business opportunity, even if the Agent’s actions are in response to an inquiry made by another Agent. In this paragraph “direct sales company” is defined to include a network marketing, multi-level marketing, party plan or social media company that sells products or services through independent sales representatives.
 
O. Non-Solicitation of Customers. During the term of this Agreement and one (1) year following the termination of this Agreement, Agent agrees to not directly or indirectly solicit, encourage or attempt to induce any FEG customer to terminate, reduce coverage under or replace any FEG products or services which have been sold by Agent or his/her downline Agents. 
 
P.  Right of Publicity.  Agent grants to FEG a revocable license to use the Agent’s name, photograph, likeness, personal story, testimonial, and/or FEG business history or information in advertising and promotional materials and waives all claims for remuneration for such use. The Agent waives any right to inspect or approve the same prior to publication by FEG. Agent may cancel this authorization by delivering written notice of revocation to FEG.
 
Q. Security of Customer Data and Confidential Information. Agent must adopt, implement, and maintain appropriate administrative, technical, and physical safeguards to protect against anticipated threats or hazards to the security of Confidential Information and customer data. Appropriate safeguards for electronic and paper records may include, but are not limited to: (i) encrypting data before electronically transmitting it; (ii) storing records in a secure location; (iii) password-protecting computer files or locking up physical files containing Confidential Information and (iv) shredding or irretrievably deleting Confidential Information and customer data. Agent must comply with all applicable privacy and data security laws, including security breach notification laws. In the event of an actual or suspected security breach affecting Confidential Information or customer data, the Agent shall promptly notify the affected customers and FEG in writing after becoming aware of such security breach and specify the extent to which Confidential Information or customer data was disclosed or compromised and shall promptly comply with all applicable security breach disclosure laws. Agent, at her or his expense, shall cooperate with FEG and affected customers and use their best efforts to mitigate any potential damage caused by a security breach, including by sending notice to the affected individuals, state agencies, and consumer reporting agencies, if such notification is required by law. 
3. AGENT COMPENSATION
Provided Agent is in compliance with all terms of this Agreement and all applicable laws and licensing requirements, Agent shall be compensated according to the Commission Schedules and Ultimate Builder Multi-Pay System in Agent’s back office. Some or all of Agent’s commissions may be paid directly by an Insurance Company and not FEG.  It is the Agent’s responsibility to regularly check the FEG Products and Points Multipliers Schedule as insurance companies periodically adjust commissions and total payouts.
A. Commissions to which Agent or Agent’s hierarchy may be entitled shall be payable to the Agent or a downline Agent (as applicable) only after the due date of the commissions payable from the Insurance Companies of issued business.
B. No commission will be paid on payments/premiums that are waived, refunded or not honored by a bank or financial institution.  Any commissions received by Agent that are based upon any waived or refunded payments/premiums shall be promptly returned to FEG by the Agent and such commissions shall constitute an Indebtedness owed by Agent to FEG until returned. 
C. Other than the commissions and other compensation set forth in the Commission Schedules, the Guidelines and Points Multipliers and the Ultimate Builder Multi-Pay System, Agent shall be entitled to no additional compensation or reimbursement for expenses. Commissions payable on a single policy or contract may be divided between the Agent and other Agents contracted with FEG. In such cases, payments shall be allocated among Agents proportionately by FEG for commission payment purposes only.
D. Most Insurance Companies prepay or advance between seventy-five percent (75%) and one-hundred percent (100%) of first year commissions due on life insurance policies sold by the Agent (this percentage may vary based on company and product). If the prepay is less than 100%, FEG will pay to agents any remaining first year commissions, after commissions are paid by the insurance company to FEG. These will be in the 10th, 11th and 12th months after the policy is issued. No commissions are due if the policy is charged-back or canceled. FEG reserves the right to pay first year commissions on an “as-earned” basis, or 1/12th of the first year commissions per month in the first year. This option may be chosen due to poor agent persistency or other metrics as FEG defines from time to time in its sole discretion.
E. Only commissions earned on applications written after the date FEG has approved this FEG Agent Agreement are eligible for advance commission payments. Advance commissions are available on life insurance policies that have recurring premiums paid under a monthly pre-authorized check plan. For IUL and other life insurance plans, advance commissions are available on the planned premium up to the target or commissionable premium of the issued and paid policy less any non-commissionable policy fees. Specifically excluded from advance commission eligibility are annuities, life premium in excess of target premium, single premium life insurance, controlled business (all family members and business partners), and additional deposits received in conjunction with the sale of individual life insurance and annuity policies (“New Business”).  Premiums paid on a premium mode other than Pre-Authorized Checking (PAC) are not eligible for advance commissions.  Agents must have good credit standing in order to qualify for advance commissions. FEG, in its sole discretion, can approve or disapprove commission advance payments.
F.  All advances will be made upon full payment of the first month premium and the cash payment of said advance will become a loan to the Agent to the extent of the amount advanced, subject of the rules of the issuing Insurance Company and upon issuance  of the policy. This provision does not apply to advance on submit commissions (See Advance on Submit Commission Addendum for details).
G. Advance Commission Cap.  Advance commission is limited to $3,500 for any one policy individually for newly licensed Agents. FEG retains the right to remove Agent from this Advance Commission. Agent must be in good standing with FEG and have acceptable persistency, which is 75% in force business at the 13th month. See Policies and Procedures for additional details on Advance Commission Cap.  This provision does not apply to advance on submit commissions (See Advance on Submit Commission Addendum for details).
H. Except as otherwise provided in this Agreement, and subject to the terms of this Section 4, if and when an Agent qualifies for and achieves certain sales position designations established by FEG from time to time pursuant to The Commission Schedules and the Guidelines and Points Multipliers, Agent shall become Vested and entitled to receive commissions upon termination of this Agreement subject to the following: (a) if Agent is a natural person, this Agreement shall terminate immediately upon the death or termination of Agent and any commissions due and payable to Agent at the time of death, or any time thereafter shall be paid to the executor or administrator of Agent’s estate, or to Agent’s assignee, as applicable; (b) if Agent’s total compensation (from all lines) from FEG in any calendar year is less than $300.00, FEG shall have the right to terminate this Agreement upon written notice to Agent and no commissions shall be payable to Agent after the termination date; (c) Commissions shall be payable for so long as the Agent is designated as “Agent of Record” by a participating Insurance Company or by the policyholder when commissions are received by FEG, and the Agent is servicing the business in a manner satisfactory to FEG and in compliance with all terms of this Agreement; (d) no Commissions shall be payable to Agent if this Agreement is terminated “For Cause” pursuant to Section 5 below; and (e) Commissions set forth in the Commission Schedules or FEG Guidelines and Points Multipliers may be amended upon notice from FEG and such amendment(s) shall become effective at the time specified in the notice. No such amendment shall affect commissions payable with respect to any policy or contract issued from an application issued and paid prior to the effective date of such amendment.
I.  Indebtedness.  Any advance, loan, or extension of credit which the Agent or their downline Agent may secure or obtain from FEG shall constitute an Indebtedness owed to FEG. If any check or draft of the Agent used to transfer monies to FEG is dishonored upon presentment for payment, the amount of such check or draft shall be considered an Indebtedness of the Agent to FEG. The following provisions shall apply to any Indebtedness owed by an Agent to FEG:
(i) The entire Indebtedness to FEG of the Agent as recorded in the records of FEG may be deemed due and payable in full to FEG at any time upon written notice to Agent.
(ii) Agent agrees that FEG shall have first lien on any and all Agent commission accounts, and that FEG has a prior right of offset to the extent of any and all unearned prepaid commissions.
(iii) Agent shall be responsible for any costs, including reasonable attorney fees and other collection expenses, incurred by FEG in connection with the recovery from Agent of any Indebtedness to FEG.
(iv) Agent hereby grants to FEG a first security interest in all commissions owing to Agent pursuant to this Agreement to secure any Indebtedness to FEG, and FEG may at any time apply commissions payable to Agent or any other monies payable to Agent by FEG or by any Insurance Company contracted by or under common contract with FEG to reduce any such outstanding Indebtedness.
(v) It is understood and agreed that any prepayment of monies or commissions advanced shall create an Indebtedness to FEG. If payment in full is demanded, or if a repayment schedule is implemented, the undersigned agrees to pay interest on the unpaid balance of the loan at a rate of prime + 2% annually, calculated from the date the loan was originally made to the date the loan is finally repaid. For the applicable prime rate, FEG will refer to US Bank, N.A., or any other banking institution it may choose in its sole discretion.
(vi) Agent will be responsible for chargebacks in their downline hierarchy. Debit balances of downline Agents may rollup to Agent if downline debt remains unpaid. Such indebtedness will be allocated proportionately according to the most current upline hierarchy and the overrides that would be collected on new policy commissions.
(vii) Failure to repay any Indebtedness may result in Proportionate Debit Balance Roll-up to current upline hierarchy when debt is considered delinquent.  Debt is considered delinquent once outstanding without sufficient repayment for 90 days.
(viii)        Any Indebtedness by Agent or Agent’s downline to Insurers will be treated as a first lien on any commissions due under this Agreement or any previous Agreement with FEG or other Insurers. Such commissions will continue to be forfeited to FEG or Insurers until Agent’s or any Agent’s downline debt is repaid. Upon request by FEG, Agent shall pay to FEG or Insurers any Indebtedness owed even though there may be future commissions payable under this Agreement. If the Indebtedness has been satisfied, all commissions payable thereafter shall be paid in accordance with this Agreement.
(ix) Failure to repay any Indebtedness may result in termination of this Agreement for cause pursuant to Section 5 of this Agreement. Such termination may result in Agent losing vested commissions. This ‘for cause’ termination may be reported to the Department of Insurance in Agents’ resident state. Agents carrying long-term debit balances may also be reported to Vector One.  
(x) Agent agrees that FEG, at any time, may set-off against commissions due or to become due to Agent, or to anyone claiming through or under Agent, any amount due from Agent or Agent’s  downline to FEG, including any chargebacks.  If not set-off , all such amounts shall be paid to FEG within 30 days.  Agent also agrees that Agent remains legally obligated to immediately reimburse any upline Agent  for the full amount of any chargebacks due and owing to FEG under this agreement for which said upline t has paid on Agent’s behalf.        In the event that FEG, or any upline Agent  elect to refer such indebtedness to outside collections and/or to initiate legal action to collect any indebtedness from Agent or Agents’s downline, Agent shall reimburse FEG fully as applicable, for the costs of collection, attorney’s fees, and expenses incurred by FEG. .  This provision shall remain in full force and effect regardless of any termination of FEG Independent Agent Agreement.
4. GENERAL PROVISIONS
A.  Agent Conduct.
Agent shall be free to exercise Agent’s personal judgment as to the time and manner of performing services authorized under this Contract, but shall be guided by such rules as may be adopted by FEG concerning general business conduct as well as the provisions of this Agreement. In all cases, the business of the Agent shall be conducted in accordance with the laws and regulations of the jurisdictions in which the Agent is authorized to represent FEG and conduct business.
B.  Background Investigation.  Agent authorizes FEG to conduct an investigation concerning character, credit, reputation and personal traits and releases FEG and any entity with whom FEG contracts with  from any liability with respect to the content of the information provided in such investigation  and any resulting action by FEG including the sharing of such information or the termination of this Agreement.
C. Errors and Omissions Coverage. Agent is required to maintain Errors & Omissions (“E&O”) liability insurance coverage during the term of this Agreement and shall provide FEG with proof of coverage upon request. The minimum amount of Errors & Omissions coverage required shall be $1,000,000 (One Million Dollars). This requirement  may be changed by FEG upon  notice to the Agent.  Agent shall inform FEG of any material changes in Agent’s E&O coverage within 60 days of the change. Material changes include, but are not limited to, E&O coverage that falls below the minimum amount required, any lapse, cancellation, or termination of E&O coverage, and any restriction(s) placed on Agent’s E&O policy by an E&O carrier. FEG may terminate this  Agreement at any time if Agent’s  E&O coverage does not meet the minimum amount required by FEG.
D.  Records and Supplies. All records maintained by Agent relating to services provided by Agent pursuant to this Agreement and all books, rate manuals, forms, supplies and other information furnished by FEG to Agent are the sole property of FEG. Agent agrees not to use or disclose any such information to any person except as expressly permitted by this Agreement and to take reasonable precautions to prevent any unauthorized disclosure or dissemination of such information. Upon request by FEG or termination of this Agreement, Agent agrees to promptly return all such information, including all copies, to FEG.

E. Non-FEG Products or Services. Agents are prohibited from marketing or selling  non-FEG products, training or services to other FEG Agents without first obtaining written approval from FEG. Agents are also prohibited from charging  prospective Agents any fees in connection with prospective Agent’s application to become an Agent for FEG. The only fee required to become an FEG Agent is the one-time non-refundable fee of $125 payable by Agent to FEG.
G. Recruiting Protocol.  If two or more FEG Agents are attempting to recruit the same potential FEG recruit, the new recruit shall be placed under the Agent who enrolls the new Agent. (The new Agent must input their own personal information into the FEG system and sign the Agreement electronically and/or by actual signature. Inputting personal information for any other person is grounds for immediate termination). Cross recruiting at/from an FEG event or FEG Agent office or under any circumstances is prohibited. “Cross-recruiting” means the solicitation or recruitment of an FEG Agent in another Agent’s downline to transfer to another FEG Agent downline. This action is grounds for immediate termination of the FEG Independent Agent Agreement. All FEG Agents  are prohibited from soliciting, recruiting or inducing any other FEG Agent to join or enroll in  any other business opportunity.  Such conduct  shall be grounds for immediate termination of the Independent Agent Agreement.
H. Co-Leadership. Should any Agent be Inactive, FEG may choose to place the Inactive Agent into FEG’s co-leadership program. This program will pair the Inactive Agent with an FEG-approved manager.  This program is intended to assist Inactive Agents to become active Agents within FEG.
I.  Assignment. No Assignment or other transfer of any rights, title or interests under this Agreement, or of any benefits accruing under this Agreement, in whole or in part, shall be valid, and any such attempted assignment or transfer shall be void without the written approval of FEG. Any assignee of rights or benefits of this Agreement shall be subject to all the terms and provisions of the Agreement.
J.  Hold Harmless. Agent agrees to indemnify and hold FEG, its directors, officers, managers and employees  harmless from and against all claims, damages, losses, expenses, costs or liabilities (including attorney’s fees) arising from or relating to (i) Agent’s operation of Agent’s independent FEG business; (ii) any negligent, reckless or intentionally wrongful act of Agent or any person acting on Agent’s behalf; (iii) any breach by Agent of any term of this Agreement; and (iv) any claim that Agent has violated or infringed upon any rights of third-parties, including but not limited to privacy rights or intellectual property rights.  
K.  Limitation of Liability. The Parties agree that neither FEG nor Agent  shall be shall be liable for, and the Parties agree to release, defend, and hold harmless the other Party from, all claims for special, indirect, incidental, punitive, consequential or exemplary damages of any kind or nature for any claim or cause of action relating to or arising from the Agreement.
L. Compensation After Termination – If this Agreement is terminated by Agent’s death or total and permanent disability, Agent or Agent’s beneficiary shall receive commissions pursuant to this Agreement on business written prior to termination. Unless otherwise designated in writing, Agent’s beneficiary shall be Agent’s spouse, if then living, otherwise, Agent’s estate. If this Agreement is terminated “for cause,” Agent shall forfeit all commissions and other compensation due or to accrue under this or any previous Agreement between Agent and FEG or any of its affiliates or subsidiaries. In the event Agent’s total compensation after termination of this Agreement totals less than $300.00 during any calendar year after termination no further compensation shall be paid to Agent or Agent’s beneficiary. All compensation payable after termination of this Agreement shall be subject to FEG’s right of recoupment lien to recover an Indebtedness as discussed above.
M. Beneficiary – Agent may designate a beneficiary to receive commissions payable after Agent’s death. A named beneficiary may only be a spouse, family member or a bona-fide business partner approved by FEG. The name of the beneficiary, along with their relationship and contact details must be recorded in the FEG back office. FEG reserves the right to require evidence that there are no conflicting claims before making payment to the named beneficiary.
N. Notices  - Notices to Agent from FEG may be sent by mail, email or through the FEG website.
5. TERMINATION
A. This Agreement may be terminated without cause by either Party upon not less than thirty (30) day’s written notice to the other Party and such termination shall be effective as of the date specified in such notice (which shall not be less than thirty days from the date on which the notice was sent). 
This Contract may be terminated by FEG at any time for “cause.” “Cause” shall include but not be limited to (i) Agent’s commission of a fraudulent, illegal or dishonest act adversely affecting FEG, including but not limited to cross-recruiting; (ii) violation of any law, regulation, or rule of any jurisdiction in which the Agent operates; (iii) cross-recruiting of an FEG Agent to another Agent’s downline or to any other business opportunity; (iv) any act or omission by Agent that is harmful to the reputation and/or goodwill of FEG, including but not limited to disparagement of FEG, its officers, employees or other FEG Agents; (v) an Agent’s personal policy persistency drops below 70% in the 13th month; (vi) an agent’s contract is canceled by a carrier for fraud; or (vii) repeated violations of the Agent Agreement, FEG's compliance declarations, social media policies, compliance declarations and other similar guidelines posted by FEG.  
A termination for cause shall be effective upon Agent’s receipt of written notice of termination or on the date specified in the notice if later. Upon a termination for “cause,” FEG may, at its option, forfeit all of Agent’s commissions which may be due under this Agreement as of the termination date and all commissions which may become due following the termination date. Agents terminated for cause are ineligible to rejoin FEG. To the extent this provision conflicts with any other provision of this Agreement this provision shall control.  
6. AGENT REPRESENTATIONS. By entering into this Agreement, Agent represents and acknowledges the following: (i) Agent will not violate the terms of or interfere with any contract, agreement or business relationship that Agent has or has had with any third party; (ii)  Agent  will not engage in any business practice or behavior, nor will Agent take any action, which will result in any violation of any restrictions or covenants to which Agent is subject to pursuant to any agreement to which Agent is or was previously a party; and (iii) FEG, its agents, managers, officers, directors, shareholders, and employees have not induced Agent in any way whatsoever to terminate any contract, agreement or business relationship that Agent presently has or has previously had with any third party. Agent understands that the above representations and acknowledgments constitute a material part of this Agreement and are material representations upon which FEG is relying in agreeing to enter into and accept this Agreement.


 
7.  GOVERNING LAW, VENUE AND ARBITRATION. This Agreement, including any procedural or substantive rights in any arbitration,  shall be governed by and construed  in accordance with the laws of the State of Texas, without giving effect to principles of  conflicts of laws.  The Federal Arbitration Act shall otherwise govern all matters relating to arbitration. 
8.  THE PARTIES MUTUALLY AGREE THAT ANY CLAIM OR DISPUTE ARISING FROM OR RELATING TO THIS AGREEMENT, INCLUDING ANY CLAIMS RELATED TO AGENT’S COMMISSIONS, THE RIGHTS AND OBLIGATIONS OF THE PARTIES WITH RESPECT TO THIS AGREEMENT, OR ANY OTHER CLAIMS RELATING TO THE PERFORMANCE OF EITHER PARTY UNDER THIS AGREEMENT SHALL BE RESOLVED BY BINDING INDIVIDUAL ARBITRATION BEFORE A SINGLE ARBITRATOR  PURSUANT TO THE COMMERCIAL RULES OF THE AMERICAN ARBITRATION ASSOCIATION (The “aaa”). THE COMMERCIAL RULES OF THE AAA ARE AVAILABLE AT www.adr.org.  BY AGREEING TO ARBITRATE, THE PARTIES EXPRESSLY WAIVE THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY.
A. In the event the AAA is unwilling or unable to hear the dispute, the Parties shall agree to, or an appropriate court shall select, another arbitration provider. Unless otherwise agreed upon by the Parties, any arbitration hearing shall take place in Dallas, Texas metropolitan area, although either party may elect to participate in the arbitration by telephone. The Party filing the Demand for Arbitration shall be responsible for the initial filing fees and costs charged by AAA and the respondent shall be responsible for payment of filing fees for any Cross-Complaint or Counterclaim. The Parties shall share equally the costs of case management fees, arbitrator fees or other fees charged by AAA other than the filing fees referenced above. The Parties shall bear their own costs for attorney’s fees, court reporter fees, transcript fees and other litigation costs. 
B. Although this agreement to arbitrate is made and entered into between Agent and FEG, the owners, members, managers, and employees of Freedom Equity Group, LLC (the “Related Parties”) are intended third party beneficiaries of the Agreement, including this agreement to arbitrate. This provision shall not restrict either party from seeking preliminary or permanent injunctive relief in a court of competent jurisdiction, provided, however, that the sole and exclusive venue for any court proceedings shall be in Collin County, Texas. The parties to this Agreement consent to the exclusive jurisdiction of state and federal courts of Collin County, Texas for purposes of enforcing any arbitration award or other legal proceedings between them.  This agreement to arbitrate shall survive any termination or expiration of this Agreement.
C. This agreement to arbitrate shall survive the termination of this Agreement. Any issues related to the arbitrability of any claim, or the scope, validity or enforceability of this agreement to arbitrate shall be determined by the arbitrator. If either party wishes to initiate arbitration, the initiating party must notify the other party in writing via certified mail, return receipt requested, or hand delivery via courier. The Demand for Arbitration must include a statement of the legal and factual basis of the claim(s) to be arbitrated. The parties shall be entitled to all discovery rights permitted by the Federal Rules of Civil Procedure and the parties shall be permitted to bring motions under FRCP Rules 12 and 56.  The decision of the arbitrator shall be final and binding on the parties and may, if necessary, be reduced to a final judgment in a court of competent jurisdiction.
9. CLASS ACTION WAIVER. By entering into the foregoing agreement to arbitrate,  Agent waives any right to have any dispute or claim brought, heard or arbitrated as a class action, collective action or representative action and Agent agrees that the arbitrator shall not have the authority to hear or arbitrate any class, collective or representative action. Agent further agrees that any claim or argument that all or part of this Class Action Waiver is unenforceable, unconscionable, void or voidable may be determined only by a court of competent jurisdiction and not by an arbitrator.   
10. LIMITATION OF ACTIONS. The Parties agree that any claims arising under this Agreement must be brought within two (2) years or by the date specified by the applicable statute of limitations, if earlier, from the date of the alleged act or omission giving rise to the cause of action. Failure to bring such action within such time shall bar all claims arising from such act or omission. The Parties waive all applicable statute of limitations that conflict with this provision. 
11. SIGNATURES.
I hereby acknowledge that I have read, understand and agree to the above provisions of this Agreement. I further acknowledge that I have electronically signed and submitted  this Agreement and that this Agreement will not be effective until I have been assigned a unique FEG Agent code.  I further acknowledge that this Agreement is dated and accepted by both parties upon creation of my unique FEG Agent code.
ELECTRONICALLY SIGNED BY THE AGENT

FEG Agent Policies and Procedures June 2025

I have read, understand and agree to the terms of the FEG Agent Policies and Procedures June 2025.

I agree

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Freedom Equity Group Policies and Procedures
Effective: 6/18/2025
The Freedom Equity Group (“FEG”) Policies and Procedures (the “Policies & Procedures) are incorporated by reference into the FEG Independent Agent Agreement.
FEG reserves the right to amend these  Policies & Procedures in its discretion. Amendments shall be effective thirty (30) days after notice of the proposed amendment is posted or communicated to FEG Agents  via email, SMS, or by  an alert on the FEG back office. Amendments to the Policies & Procedures shall not apply retroactively. Agents will have 30 days to electronically accept any amendments. Agents that do not acknowledge the updated policies and procedures  within 30 days may have their commissions on new policies held until they do so.
These Policies and Procedures, together with the FEG Independent Agent Agreement, the Commission Schedules published in Agent’s back office, the FEG Compliance Declarations, the FEG Social Media Policy, the FEG Products and Points Multipliers Schedule and the Ultimate Builder - Pay System, all of which are incorporated by reference, constitute the entire agreement (the “Agreement”) between FEG and the Agent as of the effective date of these Policies and Procedures. The Agreement supersedes all prior contracts, agreements, Field Notices or understandings, whether verbal or written, between FEG and the Agent.
1.        Levels and Promotions
All Agents  start FEG at an initial level and earn promotions based on FEG’s Commission Schedules and the Ultimate Builder - Pay System.
A. New non-licensed Agents:
All new non-licensed Agents  start at the Training Representative level. Once the new, non-licensed Agent is licensed, with the approval of FEG, the recruiting Agent can promote the newly licensed Agent one-time, up to the Regional Manager level.
B. New previously licensed Agents:
All new previously licensed new Agents start at the level set by their direct upline Agent, up to the Regional Manager level.
 
Previously licensed Agents may start at a level higher than Regional Manager if approved by FEG and all upline Agents whose pay would be affected that have Activity in the prior 12 months up to the first upline Field CEO or Field Chairman.
For the purposes of this Agreement, “Activity” refers to any of the following actions: enrolling new direct recruits, submitting new personal policies, attending the FEG annual Convention, attending the FEG Leadership Summit, obtaining new carrier contracts, an Agent transfer, or the documentation of appropriate training reimbursements, while “Inactivity” refers an Agent that not engaged in any of the aforementioned actions for a certain period of time.
The following status-match promotion guidelines should be used to determine the starting level based on documented income in either of the two prior calendar years:
Regional Vice President (“RVP”) &  Senior Vice President (“SVP”) $50,000,
National Vice President (“NVP”): $70,000
Senior National Vice President (“SNVP”): $100,000
Executive National Vice President (“ENVP”): $150,000,
Senior Executive National Vice President (“SENVP”): $250,000.
If approved by FEG, a new  Agent may start at a level higher than SENVP  if also approved by all upline Agents whose pay would be affected and that have Activity in the prior 12 months up to the first upline Field CEO or Field Chairman.
C. Promotions:
All promotions to RVP and levels above RVP will be system-automated, based on the Ultimate Builder - Pay System. Promotions up to Regional Manager (“RM”) may be made by the Agent’s first active upline RVP.
Only Agents with Activity in the prior 12 months are eligible for promotion. The definition of “Leg” shall include downline Agents for the purposes of promotion. However, only one downline Agent per direct Leg will be counted towards promotion qualification.
For the purposes of earning a promotion, Agents above RVP, who join FEG and receive their initial level at RVP or above, will not count as a qualifying Leg for an upline’s promotions until they have met the Ultimate Builder - Pay System requirements for each commission level needed for the promotion after they initially joined. Agents above RVP that were inactive for one year or more or became inactive will not count as a qualifying Leg for an upline’s promotions until they have met the Ultimate Builder - Pay System requirements for each commission level needed for the promotion after their most recent period of inactivity. Agents above RVP will not count as a qualifying Leg for the new upline’s promotions until they meet the Ultimate Builder - Pay System requirements  for each of the commission levels needed for the promotion after a transfer, unless they were already in the upline Agent’s downline prior to the transfer.
“Stacking” refers to the practice of placing an Agent and their spouse or domestic partner or corporate partner’s code in the same upline hierarchy for the purpose of collecting additional overrides. Stacking is never allowed, and if it is found to have occurred, FEG reserves the right to demote the lower Agents code to RM.  The only exception to this is the purchase of an unrelated Agent’s business with the approval of FEG. In this scenario, the Purchased codes can be stacked. 
D. Recognition Policy for Field CEO and Field Chairman:
The following policy shall apply to sales organizations in which at least one FEG Agent has achieved the level of Field CEO or Field Chairman, respectively, pursuant to the FEG Ultimate Builder - Pay System.
For sales organizations in which there is only one Field CEO or Field Chairman, FEG will continue to recognize that Field CEO and/or Field Chairman, respectively, and FEG will look to the existing Field CEO and/or Field Chairman to manage and support their sales organization. If an Agent in a sales organization with an existing upline Field CEO or Field Chairman subsequently promotes to the level of Field CEO or Field Chairman, then FEG will thereafter recognize the newly promoted Agent as that organization’s Field CEO or Field Chairman, as applicable.
A newly promoted Field CEO or Field Chairman shall have the option to opt-out of this recognition policy, in which case the original Field CEO or Field Chairman will continue to be recognized and help manage the organization. 
This policy does not impact the earnings level or title status of any existing Field CEO or Field Chairman.    
If a Field CEO or Field Chairman resigns, is terminated or is deemed to be not in good standing and that Field CEO or Field Chairman is direct to FEG, FEG reserves the right to move the Field CEO’s or Field Chairman’s downline and place it direct to FEG or another Agent in FEG’s sole discretion. If that Field CEO or Field Chairman has a Field CEO or Field Chairman in their upline, FEG reserves the right to substitute an Agent in the former CEO’s spot at FEG’s sole discretion.
E. Level Maintenance:
Agents are required to achieve a certain amount of minimum income to maintain their contract levels. The income used for this determination is the highest rolling-52-week income in the last year. The minimum income threshold will not apply in the same calendar year as an Agent’s most recent promotion. Agents who do not meet the minimum requirement in a rolling-52-week period may be demoted to the level at which their income qualifies.  The drop in level will not affect any commissions  on old business.

For levels below RVP, no minimum income is required. However, the following minimum incomes must be met for the RVP level and above: 
RVP: $25,000.
SVP & NVP: $35,000.
SNVP, ENVP & SENVP:  : $50,000.
Co-Founder & Founder: $75,000.
Field CEO: $100,000
Field Chairman: $200,000
Level maintenance will be calculated and applied annually at FEG’s discretion. 
F. Agent Names:
Unless approved by FEG, all Agents will appear on company Leaderboards. Each FEG code must have a person’s name associated with it.  The name must match the name on the Agent’s insurance license(s) and the Agent’s NPN number. If the licenses are issued to a corporation, the name of one of the owners of the corporation must be used. An Agent name can only be associated with one FEG code on company Leaderboards.

Agents can add a spouse or partner's name for recognition purposes. FEG will auto-generate a Recognition Name from the Agent and spouse/partner-name. This recognition name will be used for awards and other recognition. The recognition name may be modified upon request. FEG will have final say on all recognition names.
 
2.        Agent Communications
All Agents must provide and maintain a current and active email address, which will be the primary mode of communication with Agents for FEG company notices. Agents agree to read all emails and further agree that notices are considered valid if sent to the Agent’s email on file. FEG company notices cannot be opted out.
3.        Agent Compensation & Commission
A.    Commission Payments
Commissions are paid on a weekly basis, but payments are made only after FEG has received commission payments from the carrier for a policy. Agents will only receive commissions if their Agent balance is $100 or more..
All commission payments are made via direct deposit. Agents must provide a valid bank account or a canceled check to set up direct deposit. Commissions will not be paid via any other method, including paper check. If an Agent has not set up direct deposit, commissions will be held until the Agent’s direct deposit details are provided.  

FEG will not pay commissions on policies if there is a bank draft failure after carriers have calculated and paid FEG commissions. Commissions will be held until the carrier either charges back the commissions or demonstrates a successful subsequent draft.
B.    Calculating Commissions
Commission paid on new policies is based on the level and upline of all unsuspended Agents in the organization at the time policies are submitted. If FEG does not have the submit date for a policy, the levels and uplines of Agents to be paid on a policy as of the time commissions are run will be used. 
C.    Chargebacks and Negative Balances 
FEG will recover 100% of any negative balance due to chargebacks from Agent’s commissions until the negative balance due to chargebacks is fully paid. No payment plans will be implemented for policy chargebacks out of future commissions. If a negative commission balance persists, an Agent will be subject to debt recovery and suspension. 
D.    No Loans or Advances 
FEG does not provide loans or advances on pending commissions for any reason.
 
E.     Policy Changes 
Once a policy is issued, all subsequent commissions on the policy will be paid at the same share as when the policy was initially sold, even if the writing Agent or their upline changes. This is in accordance with the Agent’s level and upline hierarchy at the time of submission.
F.     Commission Structure and Grid 
Commissions are paid based on the Ultimate Builder - Pay System which includes the writing Agent's upline, levels, and any applicable split commissions on the policy. Commission payments are also based on the target premium and points multiplier for each product, as specified in the FEG Product Schedule. Not all products will pay one times the target premium to the grid. It is the Agent’s responsibility to understand the points multipliers before soliciting for FEG approved products.
G.    Renewal Income 
Renewal income on IUL and GUL life insurance policies will be shared equally between FEG and the  grid. Renewal income paid to the grid is capped at 2% of premium paid for IUL and 2.5% of premium paid for GUL.
H. License Requirements
Commissions will not be paid on new policies to Agents with an expired resident insurance license. It is the Agent’s responsibility to monitor their licenses in the FEG back office, and to update FEG Agent support with their current license information, including any license renewals.
Commissions, including override commissions, will not be paid to any FEG Agent that does not have a valid non-resident state license if the jurisdiction of the policy is in one of the states listed below. Agents that have not presented to FEG a valid license in the states listed below that require one when commissions are run will not be paid commissions on new policies in that state.
ALABAMA, FLORIDA, GEORGIA, KENTUCKY, LOUISIANA, MARYLAND, MASSACHUSETTS, MISSISSIPPI, MONTANA, NEW MEXICO, NEW YORK, PENNSYLVANIA, SOUTH CAROLINA, UTAH, VIRGINIA, WEST VIRGINIA, WISCONSIN
However, the rule regarding state licenses does not apply if an Agent is a corporation and the policy jurisdiction is in any of the following states:  
FLORIDA, WISCONSIN
I. Other Commission Policies
(i) Unclaimed Commissions. Any previously held commissions that are unclaimed will be distributed to an Agent’s upline once the affected policies have been in force 13 months after issue, in accordance with these Policies and Procedures.
(ii) Advance Commission Cap. The number of commissions advanced to an Agent is subject to a cap. The cap will apply to individual policies and in aggregate across multiple policies that have the same payor. An individual Agent’s cap is determined by their highest ring level as follows:
No Ring: $3,500
100K Ring & Above: $5,000
 200K Ring & Above: $7,500
500K Ring & Above: $10,000 
If advanced commissions are not paid to Agents due to caps, the commissions are deferred until the commissions are earned (1/12th of the total each month).
(iii) As Earned Status. If the policy stays in-force, the deferred commissions are released to the Agents “as earned”, or at a rate of 1/12 per month. If an Agent is set to as-earned for all policies with FEG, they will also be placed as-earned with each carrier with which they are contracted. Agent commissions on Life policies written on themselves will be paid as earned. Agent commissions on Annuity policies written on themselves will be paid up to the Agent’s current advance-cap initially. The remaining commissions will be deferred one month or until the end of the free-look period.
(iv) Policy Persistency & Commission Privileges. Agents with a personal policy persistency below 70% for three consecutive months, will have their per-policy advance cap reduced to $1,000 and lose Advance on Submit privileges. If an Agent’s personal policy persistency is not above 70% in each of the next 3 months, the Agent will be placed on as-earned status and will not receive any policy advances. Once their persistency is above 70% all privileges will be restored for new policies. At FEG’s discretion, Agents with a poor persistency record may be paid as earned until improved results. Consistent failure to improve persistency may result in carrier contracts being canceled by FEG.
For the purposes of this Agreement, "Persistency" is the percentage of the total number of eligible life policies issued in the prior 2 years that have made it to renewals. Policies are included in the calculations if they are 13-months old or older and less than 24 months old. If a policy pays any renewal premiums, even if they cancel later, they count for positive persistency.  Persistency is calculated on a pro-rata basis, if a policy is split with another writing agent, the target amount used will be multiplied by the split percentage. Agents with fewer than 5 policies will not have an established persistency.
(v)  Bonuses and Incentives. To be eligible for FEG contests, trips, bonus pools and any other incentive programs, Agents must be a Dedicated Agent. A “Dedicated Agent” refers to an Agent whose personal production on all life and annuity business is 100% under FEG with all commissions paid by FEG. After their first year, they must attend the annual Convention of Champions. For 100k+ ring earners you must also attend our Annual Leadership Summit. Anyone who cannot attend must request an excused absence which must be approved by FEG prior to the event. An Agent must also maintain a minimum persistency of 70%.  An FEG Agent must be in full compliance with all terms of the FEG Independent Agent Agreement and FEG Agent Policies and Procedures. Participating Agents must also be in full compliance and good standing throughout the incentive period and when the reward is achieved. Criteria and eligibility requirements are subject to change by FEG at any time in its sole discretion. FEG further reserves the right, in its sole discretion, to prohibit any qualifying Agent or invitee of any qualifying Agent from incentive award trips, any FEG sponsored event or equivalent.
(vi) Annuity Commissions. Individual Agent commissions on annuities above $15,000 will be deferred one month or until the expiration of the free-look period. The first $15,000 will be paid out. The $15,000 cap will apply in aggregate if there are multiple policies inside the free-look period with the same client or payor.
(vii) Assignment & Income Credit. Agents may request their income credit be assigned to a spouse, domestic partner or business partner. Except for training reimbursements, no other shared commission arrangements are permitted. If Agents combine or assign commissions or income credits, any remaining balance after commissions are processed will be transferred to the Agent receiving the income or credit.
If either Agent has their advance cap reduced or is placed on "as-earned" status, the same restrictions will apply to the other Agent. Once Agent commissions or income credits are combined, this arrangement cannot be reversed without evidence of dissolution of the partnership.
(viii) Training Reimbursement. Agents may enter into training agreements such that training costs are reimbursed. If any reimbursement is contingent upon policy submission or issuance, no payments will be made unless the Agent receiving the funds holds a valid insurance license.
(ix) Wage Garnishment. If FEG receives a valid wage or commission garnishment order from a court or state or federal agency, FEG will withhold commissions from Agents to satisfy the request. A processing fee will be added. Agents will be notified of all wage garnishment orders affecting their commissions
H. Questions
Questions about commission payments must be directed to FEG support for research and a response. Do not send commission questions to the FEG owners or to the carriers. Use (877)329-6608 or agentsupport@fegcorp.com
4.        Advance on Submit
FEG participates in an Advance on Submit program with one or more of its carriers. Agents must qualify to receive Advance on Submit commissions on a policy. If a writing Agent does not qualify, all submit advance commissions paid on the policy, including upline spread and override commissions, will be deferred until the policy issues and the full advance is paid to FEG.
The following rules apply to qualify a writing Agent for Advance on Submit:

Policy target premium must be less than $20,000
Agents must have an established Personal Target Placement Ratio of 70% or higher.
Agents without an established Placement Ratio will qualify on their first 3 split adjusted F&G IUL submitted policies
For the purposes of this Agreement, “Placement Ratio” means the percentage of total submitted target premium that issues. This is currently calculated only on policies with carriers that pay a partial Advance on Submit. Once a policy is 90 days past the submit date, it is included in the placement ratio calculations. Policies are only included in the calculations if they are less than 24 months old from the date submitted. FEG uses target placement ratio which is the percentage of total submitted target premium that issues. If an issued policy charges-back, it still counts for positive placement ratio. Placement ratio is calculated on a pro-rata basis, if a policy is split with another writing Agent, the target amount used will be multiplied by the split percentage. A placement ratio is not valid unless an Agent has three policies included in the calculations.
5.        Bonus Pools
FEG currently has five bonus pools: Base Shop, Base > First, Base > Sixth, Builders and Super Builders pools. Both Life and Annuity production count towards qualifying for pools, but only life commissions contribute to the pools.  Renewals and Excess commission do not contribute to the pools. Bonus pool payments will be made monthly, usually in the third commission run of the month.
The following definitions shall apply to the terms referenced below:
Cumulative value (“CV”) refers to the total recruiting or production points from personal business and all downline Legs.
Adjusted value (“AV”) refers to a cap on the points from any direct Leg at ⅓ of the total CV for a given period. Personal production counts as one leg in AV calculations. AV credit is updated after each commission run, and both production and recruiting AV credits are calculated monthly.
Payouts on grid towards the pools are as follows:
Base Shop Bonus Pool: 0.5%
Base > First Bonus Pool: 0.5%
Base > Sixth Bonus Pool: 0.5%
Builders Bonus Pool: 0.5%
Super Builders Bonus Pool: 2%

To qualify for a bonus pool, a minimum AV production is required in each month:

Base Shop Bonus Pool: 20,000 Base Shop AV
Base > First Bonus Pool: 75,000 Base First AV
Base > Sixth Bonus Pool: 300,000 Base Sixth AV
Builders Bonus Pool: 500,000 Infinity AV
Super Builders Bonus Pool: 1,000,000 Infinity AV
If there are multiple winners of a pool, the pools are shared pro-rata based on AV production.
To qualify for the Base Shop Bonus Pool, Agents must maintain 70% or greater base shop policy persistency, have three base shop Legs producing new policy production in the month, along with three CV base shop recruits in the given month and the month prior. To qualify for the Base > First, Base > Sixth, Builders or Super Builders pools, Agents must maintain 70% or greater infinity policy persistency.
6.        Production Credit
FEG’s business relies on Agents to sell Life Insurance and Annuities to clients.  FEG recognizes Agents’ personal and downline sales through Production Credit, Production credit is updated after each commission run and is also used for leaderboard recognition, contests and other promotions.
Production credit is based on a point system. One production point is earned for each dollar of commissions paid to the grid on all policies. Agents are also able to earn points  for advances, payments earned, excess premium and renewals paid. However, no points are earned for any off-grid business, and negative commissions due to chargebacks are counted as negative points
FEG production points are based on (AV). AV is calculated monthly. 
A. Leaderboards
FEG publishes leaderboards for each Agent’s downline and for the entire company. These leaderboards rank production, pending and recruiting points for the following categories:
(i) Personal: Agent is the agent of record on a policy. CV credit only, as downlines do not come into play.
(ii) Base Shop: Agent of record is either the Agent or in the Agent’s base shop. This includes all downline Agents with a level below RVP without an intervening RVP or above.
(iii) Base > First: Includes the Agent, the Agent’s base shop, and any first-generation base shops. Base shop plus all business for which Agent would receive the first-generation override commissions on new business.
(iv) Base > Sixth: Includes the Agent, the Agent’s base shop and up to six generation base shops. Base shop plus all business for which Agent would receive any generation override commissions on new business.
 
(v) Infinity: All personal and downline business.
B. Recruit Credit
Similar to production credit, FEG gives Agent’s credit for personal and downline recruiting. Recruit credit will be calculated monthly, like production credit.
7.   Debt Recovery
Agents are responsible for unpaid negative commission balances and debt account balances of their downline Agents. Agents with combined commissions or combined income credit will be responsible for payback of any debt incurred by either Agent.
Agents with a negative commission balance will receive notice of their unpaid negative balance and be given the opportunity to repay the amount due. If the negative balance is not resolved and no acceptable repayment plan is agreed upon within 90 days, FEG will recover the debt from the Agent’s upline. The Agent balance will be wiped out, and the Agent will be reported to Vector One if applicable.
All upline Agents of the Agent with the debt will share the responsibility of the debt repayment. The amount each upline Agent is responsible for will be proportional to the commissions they earn from the Agent’s business, as determined by the upline hierarchy at the time the debt is recovered.
The Agent for whom the debt was recovered will have the opportunity to make payments or to write new business to pay off their debt to their upline. If an Agent fails to make any attempt to repay their negative balance, they will be subject to collections and may be terminated for cause.
Upline Agents assigned a negative adjustment due to a debt recovery will not have the amount of the debt recovery negatively affect their income credit for the purposes of any trips or recognition, if applicable. Credit will be given for the debt recovery, which will appear in the Agent income data on the FEG back office.
If an Agent is terminated for cause with an outstanding negative balance, the balance will be shared with their upline immediately using the procedure described above.
Agent Debt
FEG will track an Agent debt account balance separately from an Agent’s commission account balance. Debt can be assigned to an Agent due to debt recovery or other exceptional circumstances, at FEG’s discretion. A debt account is not used for chargebacks.
Debt account balances will be repaid either from commissions or by direct payments made by the Agent.
At FEG’s sole discretion, an Agent may be given a payment plan to repay their debt account balance over time.
 
8.        Agent Transfers
All Agent transfers requests must be initiated by the Agent desiring to transfer. Once a transfer request has been made, FEG will obtain all necessary approvals from all necessary parties via email.
For Agent transfers, the submit date of the last policy, the date of the last new Agent signup, and the first day of the last Convention or Leadership Summit will be used.
Except where transfer is disallowed (see below), Agents who have been Inactive in the prior 6 months may request to transfer to a different upline without obtaining a release from the members of their current upline. However, only the Agent (not any other members of the Agent’s downline) will be transferred in this scenario.
Before an Agent with Activity in the prior six months can transfer, the Agent must obtain a release from their current direct upline Agent and anyone else whose override or spread commissions would be negatively affected, up to the first upline Field CEO or Field Chairman.
Agents with or without Activity in the last 6 months may request a transfer that includes their entire downline team (“Team Transfer”). A Team Transfer requires a release from their current direct upline Agent and anyone else whose override or spread commissions would be negatively affected in their upline, up to the first upline Field CEO or Field Chairman, before the transfer may be completed. However, the Agent requesting the transfer is not required to obtain a release from any Agents who are one-year inactive.
Agents requesting a transfer must obtain approval from their new immediate direct upline. This consent will include acceptance of responsibility for any current or future debt from the new Agent. If the Agent has a significant negative balance, all Agents in their new upline that would share in any debt roll must approve the transfer. If the Agent is requesting a Team transfer, and there is a significant amount of negative balance in their downline, all Agents in their new upline that would share in any debt roll must approve the transfer. Approval is not required from upline Agents who are one-year inactive.
Except for cases where an Agent’s upline transfers or is terminated, Agents will not be assigned to a new direct upline without their approval. Once a new upline is set, the change is permanent, and changes cannot be made without going through the Agent transfer process.
After an Agent transfer is complete, the transferring Agent may not recruit other Agents to their downline from the original transferring Agent’s prior hierarchy without the signoff of the other Agent’s upline. This includes other Agents transferring with no activity in the prior 6 months. The prior hierarchy is defined as any Agent downline of the original transferring Agent’s previous direct upline except for direct recruits.
Agents that transfer are ineligible for promotion until 6 months after any transfer is complete. Agents that transfer will not count towards their new upline Agent’s required levels for promotion until after 6 months.
No Agent may complete an inactive transfer if their spouse, domestic partner, Bonafide business partner or any Agent receiving pay from the Agent, is currently active with FEG. If an Agent’s spouse, domestic partner, or Bonafide business partner is currently active with FEG, they may not sign up as a new Agent with FEG except as direct to Agent described here or their immediate upline.
After an Agent transfer, any new policies written that replace policies written before the transfer will be paid as if they were written with the prior upline. This applies whether the policy is replaced by the original writing Agent or anyone in the new organization. Agents must notify FEG of all policies replaced after they transfer.
Agents who are terminated by FEG and subsequently reinstated must follow all rules related to activity or signoff before a transfer.
FEG reserves the right to correct as necessary any Agent transfers or new Agent signups that are discovered to have not followed these rules.
All Agent transfers must be approved by FEG. There will be no exceptions to this policy. No release and no acceptance mean no transfer. Work it out, sit it out or get a release.
 
9.        Co-Leaders Program
The Co-leadership Program is exclusively to provide training and support for an Agent’s business. This program allows an Agent to request a co-leader be assigned to them.
Should any Agent be Inactive, FEG may choose to place the Inactive Agent into FEG’s co-leadership program to pair the Inactive Agent with an FEG-approved manager. 
Otherwise, all co-leadership requests must be initiated by the Agent wishing to have a co-leader in the FEG back office. Once a request has been made, FEG will obtain all the necessary approvals via email.
Before an Agent is assigned a co-leader, the requesting Agent must obtain approvals from his or her current direct upline Agent and anyone else whose override or spread commissions would be negatively affected in their upline, up to the first upline Field CEO or Field Chairman. Approval is not required from upline Agents who are one-year or more inactive.
If the Agent or Agents in the requesting Agent’s downline have a significant negative balance, all Agents in the co-leadership upline that would share in any debt roll must approve the co-leadership. Again, approval is not required from Agents who are one-year or more inactive.
If the Agent has an existing co-leader, then the requesting Agent must obtain a release from their current co-leader and anyone else whose override or spread commissions would be negatively affected in their upline, up to their first Field CEO or Field Chairman. Once all the necessary approvals have been obtained the requesting Agent’s co-leader will be changed and the existing co-leadership will be dissolved.
It is important to note that a co-leaders will not be assigned without the approval of the Agent and co-leader will not be assigned solely for the benefit of the co-leader. Only one co-leader can be assigned per Agent at a time.
There is a maximum of 50% commission and recruit credit split to the co-leader, with the  original upline maintaining a minimum of 50% of the commission and recruit credit split.
 
10.         Agent Suspension
Agents may be automatically suspended if they do not become licensed, do not contract with a carrier, and have no Activity in their first 12 months. Within the first 30 days of suspension, suspended Agents can request a trial reinstatement. FEG reserves the right to approve or deny a request for reinstatement. If granted, reinstatement will last for 90 days. During this 90-day period, the Agent must generate at least $6,000 in a new target premium and recruit not less than 3 new direct Legs to be reinstated.
Any Agent that is suspended, and does not qualify for reinstatement, must pay a $125 reactivation fee to rejoin FEG and will be required to start over. They will be assigned a level based on these Policies and Procedures. The Agent may choose a new upline if they have been inactive for 6 months. Agents with a prior unpaid commission account or debt account balances must repay the outstanding balance before they are eligible for reinstatement. Suspended Agents will continue to receive earned and renewal commissions on existing policies but cannot be part of new policies.
 
11.         Agent Recruiting Rules
If an Agent brings a guest to a business opportunity meeting, that Agent’s guest will be protected for thirty days. The guest cannot sign up under another Agent until thirty days after the opportunity meeting. To receive this protection, Agents must document their guests by email to their upline before or immediately after the event or opportunity meeting.
If two Agents are trying to recruit the same person and the potential recruit has not been to an FEG opportunity meeting, the new recruit shall be placed under the Agent who enrolls the new Agent.
Cross recruiting at/from an FEG event or FEG Agent office or under any circumstances is prohibited. “Cross-recruiting” means the solicitation or recruitment of an FEG Agent in another Agent’s downline to transfer to another FEG Agent downline or the solicitation of active FEG Agents not direct to you for any reason, including product sales. This action is grounds for immediate termination.
Additionally, all Agents are prohibited from soliciting, recruiting or inducing any other Agent not direct to you to join or enroll in any other business opportunity.  Such conduct shall be grounds for immediate termination.
 
12.         Builders Legacy Program (The KEY to your code) 
Agents may sell a percent or all ownership of their FEG code to another individual or entity upon written approval by FEG. FEG has no responsibility to set the value of the Agent code being sold. FEG has no responsibility to collect any of the agreed upon purchase funds at any time.
Once the seller and buyer of an Agent’s code inform FEG of the completed sale, updates will be made to the system to affect the change. All sales of an Agent’s code are final. The buyer must obtain an FEG code and have the proper licenses and credentials to be eligible to collect commission overrides. The purchased code cannot directly transfer, or have Agents transfer directly to it, have new direct co-leaders, or be a new direct co-leader. It will remain in its original hierarchy. Income generated from purchased codes after the code was sold shall be paid to the majority owner of the code and the income will count towards recognition, and rings. The majority owner is responsible for distributing the percentage of new commissions owed to any minority owner(s).
Income generated by the prior Agent before the code was sold will not be used for income credit towards rings or other awards.
Agents may name a beneficiary in the event of their death. The name and contact details of the beneficiary must be recorded in the FEG back office. Should this occur, FEG will pay commissions to the beneficiary as described in the FEG Agent Agreement and the FEG Policies and Procedures. FEG reserves the right to require evidence confirming the beneficiary’s status as well as evidence that there are no conflicting claims before making any payments to the named beneficiary. FEG shall have sole discretion in determining whether to allow a transfer of a deceased Agent’s business to a beneficiary.
If the named beneficiary holds a valid insurance license, they may collect overrides on new business. If the beneficiary is licensed and Active with FEG, they may retain the current compensation level with FEG approval. If the beneficiary is licensed but not Active with FEG, and the level is Regional Vice President or higher, at FEG’s discretion, the level may be dropped to Regional Vice President.
If the beneficiary is licensed and active, they may sell the code as described in this section. If the named beneficiary does not hold a valid insurance license, the beneficiary only has the right to sell deferred commissions, earned commissions and renewals. All sales must be approved by FEG.
 
13.         Non-Captive Agents
FEG is a non-captive agency. You can have contracts with other life insurance and annuity carriers. However, you may not create new direct contracts and sell products from FEG’s existing carriers off-grid if FEG offers that carrier on-grid.
 
“Off-grid” refers to business that is  not run through the FEG commissions system. Off grid business will not be counted for any recognition, awards, trips or other promotions. Off-grid business includes carriers FEG is contracted with but does not offer the option of being on-grid.
 
14.         Rings
Rings are FEG’s most important recognition of status and success in the organization. A ring level is earned by the total on-grid income in any rolling 52-week period exceeding one of our ring levels. Once one of these ring levels is attained the Agent has permanently earned the ring status
Ring earners will receive one physical ring when they attain their first ring level. For subsequent ring levels, FEG will add additional adornments to the Agent’s ring to signify the new ring level. The first ring and all updated rings will be presented at the next FEG annual convention or other FEG meeting. To receive a second physical ring or adornment for a spouse or partner, Agents may pay the cost of additional rings at the time the original ring is ordered. For $1,000,000 rings and above, an extra ring for a spouse will be paid for by FEG.
Spouses, domestic partners, or licensed business partnerships can qualify for a ring by assigning income credit to one of the Agents and combining income credit. All parties must be licensed Agents.
 
15.         Licensing
It is the Agent's responsibility to obtain and maintain their state licenses, E&O (Errors & Omissions) insurance coverage, CE (Continuing Education) and AML (Anti-Money Laundering) training. Pre-Licensing training and Continuing Education instructions through AD Banker and ExamFX are available in the FEG back office.
Once any licensing or training documents are obtained and/or completed, please submit them directly to the FEG Licensing department at licensing@fegcorp.com.
 
16.         Contracting
FEG Contract processing time is usually between 1 and 2 business days, except for holidays where processing times may be longer. Carrier approved appointments will be sent to the contracted Agent within 7 to 10 business days after submission. Documents submitted to FEG Licensing will be processed in the order in which they are received.
Agent contracting is available in the FEG back office. If the carrier does not accept paper contracts, instructions for how to complete the online E-Contract will be available. Contracts will not be submitted to any Agent who has not yet obtained a resident state insurance license. With the submission of a carrier contract, the Agent must submit the following: state license, E&O, AML, and any other supporting licensing documentation.
The majority of FEG’s affiliated carrier contracting is by LOA (Licensed Only Agent) appointment only. Direct pay contracts that are approved and available will need to be requested from the FEG Licensing department. Direct pay appointments do not qualify for Income, Ring Totals or Trips.
 
17.         Privacy Policy
Agents who join FEG agree to provide personal details, including the Agent’s legal name, address, email, phone numbers and social security number to FEG. This information is data you put on the FEG Agent signup form and given to FEG support staff, when completing applications for carrier contracts and states’ insurance licenses. This information is provided by insurance carriers to FEG.
If an Agent is a California resident, and does not have any outstanding debt, FEG may ask that their personal details be removed upon termination of their Agent agreement by emailing support@fegcorp.com.
FEG will not share Agent details, including name, address, email and phone number, and an Agent’s active or inactive status with any other Agents not in his or her   current upline. Additionally, FEG will not distribute lists of Agents to anyone for the purpose of recruiting them or marketing to them.


18. Compliance and Additional Policies  
A. Financial Support and Obligations
Agents have no obligation to provide financial support to other Agents, including those in their upline or downline, for any reason. This includes events or rewards organized by upline or downline Agents. Financial support and participation in such events are completely optional.
B. Communication with Carriers 
Agents must follow the proper channels when communicating with carriers on issues related to policies, commissions and contracts. Agents should consult the FEG back office and FEG support before contacting carriers. Agents should only interact with FEG’s carrier support as each carrier directs. Issues unrelated to policies, commissions and contracting should always be directed to FEG directly. Agents are not to  contact carrier management or FEG ownership regarding these issues.
C. Misrepresentation and Contractual Authority
Agents must not misrepresent themselves as an employee, officer or founder of FEG. Agents must not sign any loan document or lease agreement or any other contract on behalf of or claiming to be a part of FEG. Violating this policy is grounds for termination for cause.
D. Social Media Guidelines
Agents must not create or maintain social media sites, groups or profiles, including Facebook or LinkedIn groups, which use “FEG” or “Freedom Equity Group” as part of the profile or group name. Agents may not use any of the company logos as part of their social media profiles, groups or pages.
E. Usage of FEG’s Name and Trademark
Agent’s use of FEG Trademarks is governed by Section 4(J) of the FEG Independent Agent Agreement. When using FEG's name or trademark alongside their own name or title, Agents must include the phrase “An Independent Agent” or “An Independent FEG Agent.” This applies to all printed materials (such as letterheads, business cards, or flyers), as well as email, social media, and other electronic communication. Agents may only use FEG approved opportunity presentations and sales materials. Agents may not use the FEG name or logo without approval from FEG compliance. For approval contact compliance@fegcorp.com.
 F. Photo Requirements
Agent Photographs uploaded to the FEG back office must be a high-quality professional image. Casual or candid shots with busy backgrounds are not permitted. Photos should be simple headshots of the Agent or the Agent and their spouse/partner. Business attire is required, and no logos or messages should be included. Agents are encouraged to hire a professional photographer or use a professional studio to ensure the quality of their image.
 
G. Additional Policy Considerations
 (i)            Agents must abide by the insurance laws in each state that they write business in.
(ii)            Agents must not falsify any client documents. This includes but is not limited to using false addresses to write business in states they are not licensed in, or to selling products not available in those states. 
(iii)          Agents may not pass through FEG paid commissions to other Agents unless approved by FEG.
(iv)          “Churning” refers to the practice of replacing existing client policies for the purpose of earning additional or higher commissions, or any reason that is not solely for the benefit of the client’s Insurance needs.  Agents who engage in churning  are subject to termination for cause, in FEG’s sole discretion. Additionally, Agents who collude for the purpose of canceling multiple client or Agent policies are also subject to termination for cause, in FEG’s sole discretion.
(v)            Agents must not solicit, promote or sell any financial products or services that are frequently associated with misleading or deceptive promotional practices, including smart contracts, binary options, initial coin offerings (ICO), contracts for difference trading (CFD), non-fungible tokens (NFT) and cryptocurrencies. 
(vi)          Agents must not use auto-dialers for either phone calls or SMS or violate any provision of the Telephone Consumer Protection Act.
(vii)         Video recordings of speeches or presentations at the Convention of Champions or Leadership Conference are not permitted for Agents. FEG will provide approved video recordings for Agents to share on social media and other public platforms, including YouTube. Any videos recorded at other FEG events, such as trips or dinners, must be approved by FEG prior to posting. Additionally, videos featuring FEG owners or staff at Agent events require prior approval from FEG before being shared.
(viii)    Agents wishing to join a different Insurance Marketing Organization and requesting a release from FEG will only be granted the release with FEG's approval and the sign-off from anyone in their upline who receives override or spread commissions, up to and including the first upline CEO or Chairman.

Base Technology Package

One Time Cost: $125.00

There is a one-time $125.00 charge to join FEG. This is for the FEG base technology package. This is the only payment required by FEG to join.

No other payments will be required or collected by FEG or any other party affiliated with FEG as a requirement to join.

There may be a cost to attend some FEG events. Some FEG agents may charge for training classes. These are not required to join FEG.

You are not required to buy an Insurance policy to join FEG.

I agree to pay the $125.00 for the FEG Base Technology Fee. I understand that there are no refunds from the one-time purchase of the FEG Base Technology package.

Note that to collect commissions and overrides on product sales, you must be a licensed insurance agent in your state. There are some costs associated with this. The cost for insurance license training is $30. The cost for a state insurance license varies by state and is between $80 and $200. The annual cost to maintain E&O insurance is $450. These payments are not collected by FEG, they are collected by the license training company, the states' insurance offices and E&O insurance companies.

Payment $125.00

We accept Visa, MasterCard, American Express and Discover.

All payments are processed through our secure payment processor.

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Submit Application

By typing your name in this box and clicking on the JOIN FEG! button below I:

(i) signify my acceptance to all of the terms, and conditions and restrictions contained or referenced in the FEG Agent Agreement with Freedom Equity Group LLC;

(ii) agree that upon acceptance by Freedom Equity Group LLC, the FEG Agent Agreement be a valid and enforceable agreement between us in its electronic form; and

(iii) consent to the record of the FEG Agent Agreement being maintained in its electronic form,

(iv) and that I have read the terms and I agree to be bound by their contents.

If you have any questions, before signing up, call FEG Agent Support at 877-329-6608.