![]() ![]() We’re only calculating the top 2% of agents though so let’s divide the $108 million leftover to pay the 660 agents (top 2%) that’s only a yearly salary of $163,636.36 per agent each year. This now leaves us with $108 million to pay out to the agents (again, a REALLY high estimate). Let’s pretend that only the top 2% of people are actually producing and getting paid, that’s only 660 people (or about 4 people per office), let’s take away a very low projected number for operating expenses (about $80k a year for each office which is extremely low) that’s 12 million a year to lease office space plus other operating expenses for 150 offices. ![]() They have 150 offices around the US so they have to pay rent and salaries for actual PHP agents plus other operating expenses all from this revenue. With that, each agent only generates $3,636.36 per year. Now, since we know that ALL commissions paid go through PHP, we know there’s no other possible company paying the agents. With that being said, Jorge verified that there are 33,000 agents total and the expected total revenue for PHP Agency across the United States for 2023 will be about 120 million. No agent gets paid from any other insurance source or anywhere else, ALL payments come through PHP agency. Anyhow, opinions are useless but NUMBERS don’t lie, so here we go! I did a “field training” with my son and his recruiter, Jorge Pelayos where Jorge himself told me that ALL funds paid to PHP agents are all funneled through PHP. They like to flash but never really show anything. They never mention that these interviews are done for a different company “valuetainment” owned by Patrick Bet-David, the same guy that is an owner of PHP Agency. MORE LIKE THEY PREY ON MINORITIES AND TAKE THEIR MONEY!! They try to impress these young people with loud, fun music and the fact that their owner is famous and does interviews with famous celebrities. !!!PLEASE READ!! After a lack luster Saturday morning motivational speech, they drag you into a small meeting room where they give another below subpar presentation that basically says the insurance industry is run by old, boring white men and they are a young, fun company helping minorities develop generational wealth. For insurance professionals try /r/insurancepros.Like almost all of the professional subs, requesting someone to PM you is not allowed. If you are unsure just send us a message about your post. We have an active mod team, you will be banned. This will result in removal of the comment and could lead to your banning from /r/Insurance. If you disagree with someone, you can express that disagreement but insults and doxing are never permitted. This should go without saying, but you need to be civil. When submitting a question to the mods, please link to the post in the message so we can easily find it and fix it. ![]() Sometimes the auto-moderator marks stuff as spam, when it isn't. If you post and are unable to see it, please contact the mods. Please include your location, state/country, as insurance differs across borders. Reviews, feedback, comments and questions relevant to insurance. We are here to share relevant topics to promote insurance knowledge among professionals. Need help with a policy? Confused about your coverages? Want help shopping for insurance? We are here to help you!Ģ. To help our fellow redditors with any insurance related questions. This is a community of insurance professionals and geeks who love the field of insurance.ġ. This includes requesting a poster to contact you privately. Doing so will result in an immediate ban.
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