The FIG Mentor Program FAQ's

What are the requirements to participate in the program as a mentee?

Advisors who wish to participate in the FIG Mentor Program must have a proven production of at least $1 Million in annuity premium. Interested advisors must also join and be approved by the National Ethics Bureau, be interviewed and approved by FIG Management, and sign a non-compete agreement. Mentors will also have the opportunity to interview potential mentees over the phone. All expenses involved in visiting the assigned mentor are the participating advisor’s responsibility and the advisor is expected to commit to the program entirely. Please see the Eligibility Criteria section of the Mentee Packet for more information.

Once an advisor meets all qualification requirements and commits, what is the next step?

The advisor will then be contacted by FIG and the mentor to arrange a visit to the assigned FIG Mentor’s office to begin the program.

What will the mentee know about the FIG Mentor, once enrolled in the program?

The mentee will receive a packet from FIG regarding his/her assigned FIG Mentor, with general information about the mentor and his/her program. The mentee will also have the opportunity to ask the mentor any questions they have concerning the program during a scheduled conference call with FIG and the mentor prior to committing to the program.

What can a mentee expect during the mentor visit?

The mentee will spend 2-3 days with the mentor joining them on any scheduled client appointments, seminar workshops, client referral and/or appreciation events as well as have detailed access to their back office support staff and systems.

Are there incentives or goals for the mentee to meet?

The mentee is to meet the minimum of $1 million in production a year. Once they hit $10 million they are eligible to apply for the status of FIG Mentor.

What are the requirements to participate in the program as a FIG Mentor?

There are several steps that must be taken to participate as a mentor in the FIG Mentor Program. First an advisor must have a working business system that is able to be replicated and is scaled down to a reasonable starting point. An advisor must be able to show proof of production for the previous two calendar years of at least 1,000,000 CPCs per year. The advisor must join and be approved by the National Ethics Bureau, be interviewed by FIG Management, as well as sign non-compete agreement. Ask your marketing consultant for more details.

What if the mentee decides to discontinue his/her affiliation with the program?

If the mentee requests to be released from the program, the mentee will return all materials to FIG and his/her FIG Mentor. The mentee will no longer be able to contact the mentor in regards to the program. The 12 month obligation of the program forgoes the FIG open release policy. All contracts must be maintained with FIG for 12 consecutive months from the date of the initial visit. At the end of the 12 month period, the open release policy resumes.

What happens if the assigned FIG Mentor ends his/her commitment to the program?

The mentor agrees that all advisors in his program are assigned to other mentors and there is to be no additional contact with any advisor from that point on.

What if the assigned FIG Mentor is not helping mentee and his/her business?

FIG will evaluate the relationship and stop all practices if the relationship is not working out.

How often is the mentee in contact with the assigned FIG Mentor?

The mentee will initially visit the FIG Mentor’s office for approximately 2 days where they will learn about the FIG Mentor’s proven programs and proprietary systems. After the initial visit, each month for a twelve month period, the FIG Mentor will hold a conference call with the mentee for a minimum of 30 minutes of content to enforce previous systems, as well as new information.

This sounds too good to be true. What is the mentee giving up to participate in this program?

The mentee is paying his/her way to see the FIG Mentor. The mentee is expected to be fully dedicated to implementing the program and following through with it. He/she loses nothing in compensation.

What is the duration of the program?

12 months.

What opportunity does the mentee have to help determine the assigned FIG Mentor?

Based on your business goals and current practices, FIG will match each mentee with the most suitable FIG Mentor.

Why do all contracts need to be moved to FIG to participate in the program?

FIG views our Mentor Program as a true partnership and as with any mutually beneficial relationship, it is expected that both parties be fully dedicated to one another.

How many FIG Mentors are there?
This number is determined based on the needs of the mentees.

How much access will the mentee have to his/her assigned FIG Mentor?

After the initial visit to the assigned FIG Mentor’s office, there will be monthly conference calls with the mentor.  The FIG Mentor’s contact information will also be available to the mentee if additional coaching is needed.

Is a mentee limited to just one year in the program?

Upon review, if a mentee wants to go through the program for a second time, FIG and FIG Mentor will decide if additional training is needed.

Disclaimer:
Agents participating in the Mentor Program are not eligible for FIG value added incentive marketing programs or reimbursements including but not limited to The Fast Start Producers and Advisor’s Advantage program benefits as well as Producer Paycheck reimbursements.