Insurance, once an option, is now a necessity for survival. From covering human lives, their health, and safety, to securing electronic gadgets to safeguarding skyscrapers, insurance is a diverse sector. As many ifs and buts and whys it has from the inquiry stage to policy finalization, insurance is also looked at as a wise investment option by individuals of every generation alike.
The direct selling sector, having spread its wings across all sectors revolving around human necessities, insurance, and investment relations is one of the least explored opportunities in the industry.
Top insurance MLM companies, right from its inception in the 1970s have found their way to excel beyond challenges improving their sales and revenue figures year by year. Over the years, these MLM companies have built integrity and trustworthiness with risk-free investment opportunities and comprehensive coverage for individuals and organizations alike.
List of top MLM insurance companies
Network marketing insurance companies, unlike other sectors, cannot showcase booming growth year by year. However, successful MLM insurance companies are consistent with the way their revenue and sales are increasing and thus maintaining a growth pattern. The list gives a brief outline of the revenue, year of establishment, and growth rate of the MLM insurance companies operating in the sector, including life insurance MLM companies.
Here is a list of leading insurance companies in the MLM industry out of the top 100 MLM companies.
©
Epixel MLM Software
Source - businessforhome.org
Data updated in June 2024
*The above list is subject to market changes and modifications.
Venture besides the insurance sector and gain a comprehensive perspective on the top 100 MLM companies in the industry.
An overview of network marketing insurance companies
Utility Warehouse
CEO: Stuart Burnett
Country: UK
Founding Year: 2002
Annual Revenue 2023: $2,990 million
Utility Warehouse
CEO: Stuart Burnett
Country: UK
Founding Year: 2002
Annual Revenue 2023: $2,990 million
Being a pioneer in the industry, Utility Warehouse, which predominantly operates in the insurance, energy, broadband, and mobile sectors, portrayed a significant growth of over 35% from year to year. From $1500 million in the year 2021, the company saw a significant surge of up to $2030 million in 2022.
Having over 950,000 customers across the world, the brand is the fastest growing delivering multi-service customer support since 2002.
Primerica
CEO: Glenn J. Williams
Country: USA
Founding Year: 1977
Annual Revenue 2023: $2,810 million
Primerica
CEO: Glenn J. Williams
Country: USA
Founding Year: 1977
Annual Revenue 2023: $2,810 million
Being one of the oldest MLM insurance company, Primerica is known for the insurance and allied services it offers for the middle-income families in the United States and Canada. With $2,720 million revenue in the year 2022, the company has maintained its growth a little further from its revenue of $2,710 million in 2021. Headquartered in the United States, the company is known for its customized services in the insurance and financial services sector. It is also worth noticing that being the oldest in the sector, Primerica could boast of being the highest revenue scorer in the sector for the last year, with many from the Primerica million dollar earners list contributing to its success.
World Financial Group
CEO: Todd Buchanan
Country: USA
Founding Year: 2001
Annual Revenue 2023: $1,300 million
World Financial Group
CEO: Todd Buchanan
Country: USA
Founding Year: 2001
Annual Revenue 2023: $1,300 million
World Financial Group is a network marketing financial and insurance services business founded in 2001. The prime focus of the brand has always been to help individuals across the world gain financial security with the help of their customized life insurance, retirement, and wealth-building and management strategies. As a result, the brand has grown yearly in sales and revenue.
From $1200 million in the year 2022, World Financial Group had an 8% growth to $1300 million in the year 2023. With over thousands of active participants, the brand is fast approaching growth catering to a diverse customer base.
Family First Life
CEO: Shawn Meaike
Country: USA
Founding Year: 2013
Annual Revenue 2023: $503 million
Family First Life
CEO: Shawn Meaike
Country: USA
Founding Year: 2013
Annual Revenue 2023: $503 million
One of the youngest network marketing businesses, Family First Life was founded in the year 2013 in the United States. The brand offers mortgage protection, final expenses, indexed universal life, and fixed indexed annuities.
The brand’s key motive is to help families gain financial independence and has helped over 1,000,000 families so far. The brand has thus sold over $800 million in premiums and, as a result, Family First Life saw a surge in its revenue from $300 million to $503 million between the years 2022 and 2023.
Find out from our customers how our solutions give MLM businesses an edge and exceed customer expectations
PHP Agency
CEO: Patrick Bet-David
Country: USA
Founding Year: 2009
Annual Revenue 2023: $300 million
PHP Agency
CEO: Patrick Bet-David
Country: USA
Founding Year: 2009
Annual Revenue 2023: $300 million
One of the fastest-growing insurance and MLM financial services companies, PHP Agency, was founded in the year 2010 and headquartered in the United States. The brand, with over 27,000 distributors spread across 49 states, had its revenue at $200 million in 2022. The following year saw a 50% growth with the revenue hitting $300 million, which shows how its effective business strategies are generating consistent growth and development.
Novae
CEO: Reco McCambry
Country: USA
Founding Year: 2014
Annual Revenue 2023: $20 million
Novae
CEO: Reco McCambry
Country: USA
Founding Year: 2014
Annual Revenue 2023: $20 million
A financial technology solutions company, Novae was founded in the year 2014 to cater to numerous finance-related service requirements predominantly in the United States. Being one of the young direct sales companies that is less than a decade old, Novae has had a remarkable impact in the market with its outstanding customer service and distributor benefits.
As a result, the brand saw a consistent growth of $20 million in the last two years.
Success Story Inside
Learn how an MLM-optimized platform drove incredible growth for an insurance business.
Check Out the Case Study➔Trinti Communications
CEO: Darrin Miller
Country: USA
Founding Year: 2003
Annual Revenue 2023: $17 million
Trinti Communications
CEO: Darrin Miller
Country: USA
Founding Year: 2003
Annual Revenue 2023: $17 million
The 20-year-old digital communications and services company based in the United States has numerous products and services ranging from consulting, finance, IT consulting and infrastructure, banking and capital market, insurance, and health care.
The brand made a recurring revenue of $17 million in both 2021 and 2022 providing solutions to ease business operations apposite customer experience management, digital adoption, operational efficiency, distribution effectiveness, claims optimization, etc.
VIV
CEO: Tom Schmidt
Country: USA
Founding Year: 2018
Annual Revenue 2023: $5 million
VIV
CEO: Tom Schmidt
Country: USA
Founding Year: 2018
Annual Revenue 2023: $5 million
VIV is a financial and lifestyle services business that came into being in the year 2018. Their insurance services include homeowners' insurance, renters' insurance, life insurance, umbrella insurance with liability-only, risk-free and obligation-free coverages. VIV’s 2021 and 2022 revenue were marked at $5 million. For mainstream businesses, VIV also has diverse solutions to lower overhead costs and comprehensive commercial cost-cutting solutions as well.
Pro Financial Group
CEO: Domingo Herrera
Country: USA
Founding Year: 1977
Annual Revenue 2023: $4 million
Pro Financial Group
CEO: Domingo Herrera
Country: USA
Founding Year: 1977
Annual Revenue 2023: $4 million
Found in 1977, Pro Financial Group is a pioneer business venture that has customized and cost-efficient insurance coverages for personal and commercial entities. Their flexible plans have made them make it to the top 10 in the list of top insurance MLM companies in the world, with an annual revenue of $4 million.
Insurance MLM opportunities
Being a sector with less competition but increased compliance and regulations, insurance MLM is usually a sector that is less tried or even thought about. However, having a robust compensation structure erected on a reliable MLM platform for insurance could help aspiring individuals and businesses build a promising future in the direct sales insurance sector.
In the years ahead, when insurance is going to be an essential obligation, the sector is sure to witness a transformation creating new opportunities to grow and explore.
Accelerate your business to new dimensions
Integrate the most advanced technology to elevate your insurance business further
Learn How!➔
Insights on MLM Insurance Companies
Disclaimer: Epixel neither promotes nor supports any of the companies mentioned in this article nor their products or services. The facts published here are represented as reported in the direct selling industry. The facts don't reflect our priorities. The article was compiled based on available resources and does not represent special mentions or priorities to organizations, persons, or products.
MLM Growth Tools
Lead Generation
Generate the right leads, the right way. And convert them in your own way.
Distributor Engagement
Build trust. Create the bond. Seamless distributor engagement and beyond.
Team Building
Collaborate your efforts to build resourceful and productive teams.
Leave your comment
Fill up and remark your valuable comment.