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Webnot a pyramid scheme or a scam. I am a young person who is very aware of all this stuff and this is honestly a great company to work for. We have different levels of agents and. Webhow is globe life a pyramid scheme? You’re not buying insurance from them then selling it, you’re just selling it. Webi think it’s unfair to categorize globe life insurance as a pyramid scheme. Pyramid schemes occur when you have to keep bringing people in to cover what you pay people. Webshares of globe life closed down 53% thursday after fuzzy panda research disclosed a short position in the company, alleging multiple instances of. Webmore specifically, i’m going to give you 6 signs that point to whether or not the insurance agency you’re looking at is most likely an mlm “pyramid scheme. ” lastly, at. Webthe short answer is ‘no,’ but life insurance does require some explanation in the context of the insurance pyramid scheme, including cases when life insurance can.