Brightway Insurance vs AmeriPlan Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Brightway Insurance vs AmeriPlan including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Brightway Insurance Franchise
AmeriPlan Franchise
Investment $18,100 - $173,500N/A
Franchise Fee $5,000 - $60,000N/A
Royalty Fee up to 50%-
Advertising Fee --
Year Founded 20031992
Year Franchised 20071992
Term Of Agreement 5 yearsone year
Term Of Agreement 5 yearsone year
Renewal Fee --


Business Experience Requirements

 
Brightway Insurance Franchise
AmeriPlan Franchise
Experience --

Financing Options

 
Brightway Insurance Franchise
AmeriPlan Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/-
Start-up Costs -/Yes-/-
Equipment -/Yes-/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Brightway Insurance Franchise
AmeriPlan Franchise
Training On-The-Job Training: 120 hours Classroom Training: 64 hours Additional training -
Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software -
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing -
Operations Absentee Ownership Allowed

Number of Employees Required to Run: 3

-

Expansion Plans

 
Brightway Insurance Franchise
AmeriPlan Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About Brightway Insurance

Brightway Insurance has redefined how independent agents grow and profit. Our innovative franchise agency model allows you to sell more policies, retain more customers, and earn more profit. You'll be able to give your customers the best coverage options from a variety of our nationally-backed insurance carrier partners. Finally, a better way to run an insurance agency.
Three Ways to Win
1. Agent Conversion - Receive multiple liquidity events, one now and one later, when you convert your existing agency into a Brightway branded franchise. Doing so allows you to implement an effective perpetuation plan while receiving all the benefits of being an Associate Agency Owner with the #1 Insurance franchise in the nation.
2. Agency Conversion/Sale - If you are looking to sell your agency, Brightway is the answer. Through a single liquidity event, we will help execute on your perpetuation plan with honesty and integrity. Whether you are looking forward to retirement or a new opportunity outside of insurance, we are the solution to help make it a reality.
3. New Franchise Ownership - Open a Brightway franchise in an existing market, or lead our expansion efforts in one of the many new territories now available across the country.

The total investment necessary to begin operation of a single Brightway retail franchise is $98,300 to $175,000. This includes a $60,000 initial fee that must be paid to the franchisor or its affiliate(s).
Additionally, the franchisor offers franchisees the right to operate a Brightway franchise from a professional office space. The total investment necessary to begin operation of a single Brightway franchise from a professional office space is $58,000 to $93,750. This includes a $40,000 initial fee that must be paid to the franchisor or its affiliate(s).

Veteran Incentives  10% off franchise fee
"Top                      "Entrepreneur
#52 in Gator's Top franchises. 
                
"franchiserankingscom"
#34 on Franchise Rankings.com
#254 in Franchise 500 for 2020.
#190 in Franchise 500 for 2021.







About AmeriPlan

Is the high cost of quality health care getting you down? Are you one of the 58 million uninsured Americans with no health coverage? Look no further… it is now possible to access affordable dental, vision, prescription, chiropractic and medical plans for your entire household.
Use. Save. Share. Since 1992 AmeriPlan has been saving its members and IBO's millions of dollars each year while paying its IBO's millions of dollars each year in commissions, overrides and bonuses. AmeriPlan is a business built on a foundation of "Saving Money" and "Making Money" for its customers and business partners.AmeriPlan offers a unique opportunity to those who choose to pursue time, lifestyle and financial freedom through one of the nation's finest home-based business models. Inexpensive and easy to begin, inexpensive and easy to maintain, AmeriPlan Independent Business Owners may start on a full-time or part-time basis and can grow their current income and future income as fast and as large as they wish.