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Five Rings Financial Review 2026

Financial services MLM with insurance products and heavy recruitment focus

2.1

Last updated: March 22, 2026

What is Five Rings Financial?

Five Rings Financial is a financial services MLM that sells life insurance (indexed universal life, whole life, term) and financial products through independent agents. The company is based in Colorado and operates similarly to Primerica — agents earn commissions on insurance sales plus overrides on recruits. Heavy emphasis on recruiting over retail sales, with a business model that requires licensing. Not BBB accredited. Glassdoor reviews are mixed — some rate it highly while others describe it as an MLM scam where income depends primarily on recruitment.

Pros

  • 13 years in business — legitimate insurance products
  • Per-customer residual ~$10-20/mo on policy renewals
  • Real career path in financial services
  • Part-time entry possible

Cons

  • Per-customer residual moderate (~$10-20/mo)
  • Insurance licensing required before earning
  • Not BBB accredited
  • Heavy recruitment emphasis

Rating Breakdown

Residual Income
2.1

Potential for ongoing passive income

Simplicity
1.5

Easy to understand and execute

Transparency
2.0

Clear about costs, requirements, and income

Community & Support
2.5

Quality of training and community

Value for Money
3.0

Worth the investment

Overall Rating
2.1

Frequently Asked Questions About Five Rings Financial

Is Five Rings Financial a pyramid scheme?
Five Rings Financial is not a pyramid scheme — it sells legitimate insurance products and requires proper licensing. However, it operates with an MLM structure where income from recruiting downlines is heavily emphasized alongside product sales. Like Primerica, the model blurs the line between financial services career and MLM recruitment.
Is Five Rings Financial legit?
The company is legally operating and sells real insurance products. However, it is not BBB accredited and has received mixed reviews on Glassdoor, with some employees describing it as an MLM where income primarily comes from recruiting rather than client-based insurance sales.
How much can you make with Five Rings Financial?
Agent earnings depend on insurance sales volume and building a team. Agents earn commissions on personal sales plus overrides on downline agent production. Success depends on obtaining proper licensing and building a client base.