Insurance companies and pyramid schemes are two different things. You probably don’t know anything about insurance.
According to the provisions of China’s Insurance Law, insurance companies including Pacific Life are legally established insurance operating enterprises. According to the provisions of the Insurance Law, insurance companies operating life insurance business may not be dissolved except for division and merger.
Insurance is the trend of social development. The more progress the society makes and the more developed the economy, the more important insurance becomes. Insurance has been developed in developed countries for hundreds of years, and it is normal to buy insurance abroad. Since China's insurance industry officially started only a few decades ago, and insurance marketing only has a history of more than ten years, many people do not understand insurance, especially some people who know nothing about insurance or even misunderstand it. In 2006, the State Council issued several opinions on the reform and development of the insurance industry, demonstrating the government's emphasis on and support for the development of the insurance industry. I would like to ask, if it is a pyramid scheme, will the state support it? Insurance companies are not MLM companies, and the marketing model they use is also widely used by many companies around the world.