Is Zhongsheng Insurance a pyramid scheme?

Zhongsheng insurance is not a pyramid scheme. Zhongsheng Insurance is an insurance service provided by Zhongsheng Insurance Company. Its purpose is to provide insurance protection for customers and help them cope with risks and accidents. MLM refers to making profits by developing off-line personnel, while Zhongsheng Insurance does not make profits by developing off-line personnel. Zhongsheng Insurance Company mainly makes profits by selling insurance products. Customers voluntarily buy insurance products, and there is no mandatory requirement to buy or develop offline personnel. Therefore, universal life insurance cannot be classified as pyramid schemes.