Is National Agents Alliance a Pyramid Scheme
No, the National Agents Alliance is not a pyramid scheme. It is a legitimate direct-selling company that offers financial services products. The company has been in business for over 10 years and has an A+ rating with the Better Business Bureau.
When it comes to the National Agents Alliance, there is a lot of debate as to whether or not this company is a pyramid scheme. While there are some definite similarities between the two, there are also some key differences that make the National Agents Alliance not a pyramid scheme. For one, the National Agents Alliance is a legitimate company with a physical product – insurance – that it sells to its customers.
This is in contrast to a pyramid scheme, which would typically involve selling nothing more than promises of future earnings. Another key difference is that the National Agents Alliance actually has an extensive training program for its agents, something that most pyramid schemes lack. This training helps ensure that agents are able to sell the product effectively and earn commission on their sales.
So while there may be some similarities between the National Agents Alliance and a pyramid scheme, the key differences make it clear that the National Agents Alliance is not a Pyramid Scheme.
National Agents Alliance Lawsuit
In July 2017, the National Agents Alliance (NAA) was hit with a class action lawsuit. The lawsuit alleges that the NAA unlawfully deprived its sales agents of their commissions. The suit further claims that the NAA’s conduct was “willful, wanton, and malicious.”
If you are an agent who is owed commissions by the NAA, you may be entitled to compensation.
Is Naa an MLM?
No, NAA is not an MLM.
Who Owns the National Agents Alliance?
National Agents Alliance is a life insurance company that was founded in 2002 by Andy Albright. The company is headquartered in Burlington, NC, and has over 700 employees. National Agents Alliance is a privately held company with no outside shareholders.
Andy Albright owns 100% of the company.
7 Signs Your Insurance Agency Is A MLM Pyramid Scheme
Conclusion
National Agents Alliance is a multi-level marketing company that sells insurance products. The company has been accused of being a pyramid scheme, and while it does use some pyramid-like structure, it is not an illegal scheme. The main problem with the National Agents Alliance is that its salespeople are often more focused on recruiting new members than on selling insurance, which can make it difficult for customers to get the coverage they need.
