This includes including WFG's top product, the FFIUL, an exceptionally expensive and risky policy. I was a victim few years ago. iA Financial Group (Industrial Alliance) Montreal, Quebec, Canada 2 . It supposedly buys you important marketing tools you need for your business, such as, marketing systems, a PFA team e-mail system and business monitoring system. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Learn more, read reviews and see open jobs. 15100PFA, 625Rui ChenWenjian Gonzales29Premier Financial Alliance, PFA(national life group, PFADavid CarrollJack WuRex WuLan ZhangBill HongAJWAJWPFA, PFAJack WuPFARex WuLan ZhangBill HongPFA, PFALan Zhang300PFA, PFARui ChenWenjian GonzalesPFA20172018PFA, PFACareer Associate, Field Associate, Senior Associate Provisional Field Director, , ,, PFA125, PFA63PFA, PFA, JESSICA , , JESSICAJESSICA, 1-1210, 2, JESSICA10100, 25015, 125IDsign in, id=5525055525015., googlePFA, , 125PFA, JESSICA, 125, JessicaCHARGE125, PROCESSINGclaimPFA, LyndaPFAPFA, PFAPFA, PFALyndaPFAPFAnational life group agency, LyndaPFAPFALynda125PFAPFA, 528125PFA305Lynda628200507005000, PFA55%305PFA55%, LyndaLyndaPFA5-5-303055, Lynda617PFAPFA, 79Donna M. Ryu, @Steve Johnsen, former Insurance Marketing Consutant at WFG (2016-2017). should know. Premier Financial Alliance, Inc. (PFA) purports to offer insurance policies to the general public, but the complaint for this class action alleges that its marketing materials speak primarily about the recruitment of other sales people and not about selling the actual product. This allegation is significant because a telltale sign of a pyramid scheme is lack of retail sales to the public. Thanks for sharing this informative review with us. /AA 5 0 R Premier Financial Alliance et al 4:2021mc80087 | US District Court for the Northern District of California | Justia In Re PFA Insurance Marketing Litigation v. Premier Financial Alliance et al RSS Track this Docket Docket Report This docket was last retrieved on October 21, 2021. You wrote so many inaccurate claims that are your PERSONAL opinion. Premiere Financial Alliance Insurance website, Premier Financial Alliance Insurance Pyramid Scheme Class Action, Copyright Duford Insurance Group 2014-2022 This is a flat out lie. /CropBox [0 0 612 792] Even if you only go back 15 years to 1999, during this supposedly terrible period for equities, it has happened 7 times. Premier Financial Alliance is a company that helps people become partners in a large business network. Click to DISCOVER a Proven Path to Financial Independence! It's an unfortunate reality that scammers prey on elderly people in order to steal their money and/or identity. You may need to cancel the affiliation with Premier Financial Alliance. Ill be checking in for updates on both cases on July 19th, after which our next scheduled case update will be on or around August 20th. Without a thorough analysis of the opportunity, it would be foolish to get involved with Premier Financial Alliance. Joining the wrong organization could be detrimental to your long-term success selling insurance. I've owned franchises, restaurants, held my real estate license in 2 states and worked in corporate sales. It is a one-time lifetime fee. I am astonished to see how they can easily deceive themselves by keeping themselves concealed. If this sounds like you, youve found the right article! You'll also certainly get a sense of WFG's inherent problems by attending one of their workshops. Premier Financial Alliance affiliates receive a commission when they recruit a new affiliate. /Kids [37 0 R 38 0 R 39 0 R 40 0 R 41 0 R 42 0 R 43 0 R 44 0 R] I doubt it. 12 0 obj The fundamental flaw is that there is no end benefit; the money simply travels up the chain, and only the originator (or at best a very few) wins in swindling his followers. A RICO class action lawsuit filed in California in June 2018, alleges that Premier Financial Alliance operates an illegal pyramid scheme. And the GULLIBLES who are broke and negative would simply buy your opinion. Statements made on a website could be legally binding. /Length 491 She has a commanding knowledge on Life Insurance and Retirement Strategies. - Terms And Conditions - Refund Policy - Earnings & Marketing Disclosure - Blog, https://www.youtube.com/watch?v=vfQiJ8Db6xo&t=218s. Everything I've mentioned so far is specific to Premier Financial Alliance. From your review I can deduce that this is another scam site just like other MLMs that rip-off people of their hard earned money. Also, EDUCATING people on how to better protect their families is another winner in my book. Please reach out if I can help. The company is headquartered in Suwanee, Georgia. Eskom's ability to maintain its power stations and introduce new generation capacity has been, and continues to be, hampered by a host of regulatory obstacles. National Life Group is a group of financial service companies that offers life insurance and annuity products for individuals, families, and businesses. Perhaps, youre also looking for guidance on which one of these opportunities will be best for you? You simply dont get anywhere near the market returns due to the costs of the insurance, the additional fees, the loss of the dividends, the cap rates, and the participation rates. Today, Ill describe the differences between Premier Financial Alliance vs World Financial Group with the goal of helping you decide which direction you should go in so you can jump into the world of selling insurance. The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. The Shanghai Cooperation Organisation (SCO) is a Eurasian political, economic, International security and defence organization. Affiliate membership requires payment of a $125 fee. Premier Financial Alliance agents are paid variable commissions from the insurance carriers based on the type of product, amount of coverage, and other factors such as the age and health of the customer. To become an associate, an individual allegedly has to buy into the scheme for a non-refundable $125. This hybrid forum brought together global and local financial experts who came together in Dubai to discuss and express their viewpoints on the strong . I wish you had been more fair in your one-sided article. It is wholly owned by Dutch life insurance multinational Aegon and operates primarily under the . What is described in the lawsuit of PFA business model is that of your typical autoship recruitment scheme. Unfortunately, neither are available for Premier Financial Alliance. /Type /Outlines The difference lies in how the cash value account grows. My upline made about $400K this last year all by himself on business direct to him. It costs $125 to join Premier Financial Alliance. In short, training new agents is a unique skill-set unto itself. Who knows, Premier Financial Alliance might be a good opportunity, but in my opinion its not my cup of tea; And thats going off of what I saw on their official site. Why Affiliate Marketing is Better than MLM. Here youll find more information about how this business works and how to avoid the typical pitfalls that cause most agents to fail. They fail to realize that had they had a harder look at the organization they joined beforehand, their experience starting out in the insurance business could have been very different. View more recently sold homes. National Life Group-Premier Financial Alliance can help you plan for a comfortable retirement with steady permanent life insurance and annuities in. Your article and one-sided. Kosmos announced today its financial and operating results for the fourth quarter of 2022. Whether you are planning just for you or your family, we have a variety of financial solutions to help you meet whatever your goals may be. The lawsuit specifically alleges that members of PFA earn commissions solely by recruiting new members and not by retailing insurance to non-members. Sorry to hear you lost money to Premier Financial Alliance. To become properly appointed with the new insurance carrier or agency, you simply complete contracting with the new insurance carrier. Their training is in sales, and they are generally very good at what they do. The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. Simply find another organization thats better suited to your insurance sales career goals, submit contracting through the new organization, and within the next few weeks, youre good to go and can stop doing business with Premier Financial Alliance. I want to find a project that gets rich quickly, but I dont want to work hard. If recruiting stops, a pyramid scheme will collapse. Ils seront un expert pour effectuer un service optimal. Thus, you will need to be licensed before you can earn your commissions. Digital Neuro Marketing crypto,NFTs, Metaverse,iGaming Detective ><br>Unlocking Growth with Neuro Marketing, Neuro Design and Psychology in NFTs, Metaverse, crypto, Sports Betting, Casino & iGaming. PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, AJW, by their authorization promote the pyramid scheme and make misleading claims of financial success. A pyramid scheme does just the opposite. It is headquartered in Johns Creek, Georgia, and operates both in the US, Puerto Rico, and Canada. However, we do know that the plaintiffs lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. Similarly, World Financial Group agent earnings are commission-based. June 2018:A class-action lawsuitwas filed against California-based company Premier Financial Alliance, along with its founder and several top promoters and National Life Group Insurance, for allegedly operating an illegal pyramid scheme. Marc Marquez is known for his maverick overtaking manoeuvres and swatting aside his rivals on the track. [18][19]In preparation for Aegon's acquisition in 2001, "World Marketing Alliance 'ramped up' compliance before the acquisition". Having operated for some thirty years, as a result of PFAs business model the lawsuit alleges. It doesnt. They dont have any magic investments; they have to invest like anybody else. It is headquartered in Johns Creek, Georgia, and operates both in the US, Puerto Rico, and Canada. >> This is the process that an insurance company uses to determine the risk of Also, the more complex the product, the fewer competitors it will have, and competition drives prices down. Your article is a FARCE, Gary, Shame on you. I know the WSB office usually offer it. 6 Signs Your Insurance Agency Is A MLM Pyramid Scheme, 103 Former Insurance Agents Explain Why They Quit & Failed. It takes time and learning how to work within the system and the ability to be mentored. endobj None of the information on this page has been provided or approved by Premier Financial Alliance. ", "Libby leads by example. How much of a commission is paid out is determined by a Premier Financial Alliance affiliate's rank: Career Associate - 30% Field Associate - 45% Senior Associate - 55% Provisional Field Director - 60% Qualified Field Director - 70% No MLM offers a legitimate opportunity, but with PFA the warning signs are all over the place. Thanks for sharing this with us. We recommend you review our Free Agent Resource Guide here for tips on finding a quality insurance agency to join. Unto itself Blog, https: //www.youtube.com/watch? v=vfQiJ8Db6xo & t=218s keeping themselves concealed California in June 2018 alleges... 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