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 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 companies operating in the sector.
Here is a list of leading insurance companies in the MLM industry out of the top 100 MLM companies.
(in million USD)
(in million USD)
|Utility Warehouse - Telecom Plus
|Family Heritage Life
|Pro Financial Group
Epixel MLM Software
Source - businessforhome.org
Data updated in November 2023
*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.
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.
Utility Warehouse – Telecom Plus
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.
Family Heritage Life
Founded in the year 1989, Family Heritage Life is a leading provider of life and supplementary family insurance in the United States. Having witnessed consistent growth since 2017, the company saw an overall revenue of $309 million in the years 2021 and 2022 alike. Their unique compensation plans are beneficial for both the distributors and policyholders alike.
Experts in health insurance, nutrition supplements, and business services, 5Linx was founded in the year 2001 and headquartered in New York. With its unique array of products and services capable of catering to a wide range of insurance and business services, the brand has showcased impressive growth over the past two decades.
In the year 2021 and 2022, 5Linx saw $30 million worth of total revenue offering curated insurance services for its clients in the United States.
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.
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 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
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.
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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.