The insurance industry has been scaling rapidly in the past few years. With the rising uncertainty of the job market and the recent economic setback, people are depending on insurance to secure their family's future. Family First Life, or FFL, is one of the fastest-growing Independent Marketing Organizations in terms of the rising number of families it’s protecting. The organization was founded in 2014 by Shawn Meaike, who is currently the President and owner of Family First Life. Under his brilliant leadership, the organization has grown exponentially over the years with over $400 million projections so far. With a gross amount of around $12 million in 2014, FFL has managed to clear over $190 million in 2020. Till the 19th week of 2021, FFL has grossed nearly $140 million.
Shawn Meaike bid farewell to a successful career in social work to start a venture with a different vision. He always wanted to help people live a secure life. With the concept of Family First Life, he was able to follow his vision and create an uncapped source of earning. Since its inception, Family First Life has been focused on helping the families of their clients as well as the families of their agents. The multi-million dollar organization is now working with more than 17,000 licensed agents in all 50 states. It offers marketing mortgage protection, final expense, life insurance, retirement planning, and annuities.
From the beginning of its journey, FFL was considered a market disruptor by other IMOs in the industry. This is because, unlike other IMOs, FFL doesn't view its agents as revenue streams. Instead, they have set the highest standard of commission for the agents to encourage them to help more and more families. FFL has empowered its agents to build a profitable career for themselves. This has had a positive impact on the growth of the organization.
The goal of Family First Life has been to serve more families than any other IMO in the industry. Shawn Meaike always had a strong influence on everyone associated with FFL to work diligently to achieve this common goal. With his guidance, the organization was able to generate over $10 million as paid premium in the first years of business. By 2021, the company is projected to cross achieve a target of over $600 million as issued paid premium.
For the last 6 years, Family First Life has consistently maintained an upward curve of its growth. In 2021 the organization is expecting to have 35 master agencies to write paid premiums of over $10 million along with 5 producers projected to do over $100 million in paid premium. FFL is also planning to have 125 agents to write over $400,000 in paid premium and 6 agents to clear over $1 million. Compared to the industry average of around $1,200 to $1,400 per policy as insurance premium, this is a significant achievement.
Shawn Meaike aspires to make Family First Life be a household name in the U.S.A. He is confident he can elevate FFL to a billion-dollar company by the end of 2022, and is leaving no stone unturned to chase his goal.