As a member of PFA, some of the statements in this article are not true. Good luck and thanks for reading. /Count 5 New Premier Financial Alliance suit claims Asian immigrants targeted Jul.06, 2019 in companies A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. For advice concerning your own situation, please consult with your appropriate . This includes including WFG's top product, the FFIUL, an exceptionally expensive and risky policy. Pioneer Financial Group-$270,000: 7-LIFE & HEALTH UNDERWRITER-$230,000: 5-American Income Life Insurance-$6.3B: 11,000-National . By keeping so many secrets, PFA has full control. Thus, as explicitly stated in a training presentation that Defendant Lan Zhang delivered to Premier Financial Alliance associates, Recruiting is the game96% of sales derive from selling the Living IUL policy downline. I'm no expert on unemployment, but if someone is struggling to put food on their table they should also consider reaching out to the churches in their community. Below, my goal is to highlight a few key factors for you to consider before you join any organization, whether Premier Financial Alliance, World Financial Group, or another agency. Since there is no evidence on the website that retail sales are even possible, I suspect that PFA is indeed dependent on recruiting, but ultimately, the answer to this question cannot be conclusively determined. endobj The court will determine if Premier Financial Alliance is a pyramid scheme. Ultimately, it doesnt matter if PFA is a pyramid scheme or not. I believe that many people will find the real truth about this company. Ride the journey with bliss and gratitude! >> We know from the notice at the bottom of the PFA questionnaire page that a member must pay a $125 non-refundable fee. I hope you enjoyed my article on Premier Financial Alliance. Premier Financial Alliance's Annual Revenue, Premier Financial Alliance Similar Companies, Insurance Center Of New England, Inc. Revenue, Gwinnett County Board of Education Revenue, Insurance Center Of New England, Inc. A RICO class action lawsuit filed in California in June 2018, alleges that Premier Financial Alliance operates an illegal pyramid scheme. As such, the insurance component is very expensive. endobj In April 2007, WGS was fined $50,000 for failing to supervise its representatives in the State of Utah, who were misrepresenting their credentials and services rendered during free lunch seminars targeting seniors. 2023 Copyright Blind Tiger Press, All Rights Reserved. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. Both are multilevel marketing firm (MLM) companies. Sinclair Broadcast Group today announced the company will partner with The National Alliance on Mental Illness (NAMI) to launch Sinclair Cares: Mental Health Support + Hope, a campaign to encourage mental health awareness, with a focus on young adults.The campaign will begin on March 6 and run throughout the month. They simply dont want to deal with the same headaches you get with a typical employer. /Annots [19 0 R 20 0 R] There are certain financial situations faced by your business and family that may not get your full attention. A member can earn a respectable income with only selling the products of a legitimate direct selling company and never have to recruit. >> I work in the healthcare business. The company is headquartered in Suwanee, Georgia. Lets take a look at some insurance agencies and companies similar to Premier Financial Alliance in case youre interested in doing a comparison. Premier Financial Alliance Lawsuit. Please read the links below, using your common sense to assess the quality of the reviews and comments you read. There are many reasons you may want to quit Premier Financial Alliance, for example, you ran out of money to invest in leads, you ran out of prospects to sell to, or you simply found that the business of selling insurance wasnt a good fit for you. Members are forced to buy extremely expensive life insurance and then recruit others to do the same. You do not have to recruit to work a PFA. Read Why Affiliate Marketing is Better than MLM. Hope this helps. Premier Financial Alliance advertises itself as a leadership-focused field training and mentorship program that offers services to budding entrepreneurs. Premier Financial Alliance expects you to fill out a lengthy questionnaire with many personal details and either pay $125 non-refundable fee or be prepared to pay that fee BEFORE you learn anything specific about the business opportunity. Naturally, they want it up front, preferably from a credit card or debit card. World Financial Group - Be Careful of this MLM! The most glaring red flag is that no one can perform proper due diligence on the business opportunity. Premier Financial Alliance affiliates receive a commission when they recruit a new affiliate. . This is a great product review with lots of important information about the premier financial alliance. Understand that this career is highly regulated since you are required to pass the government- administered licensing test. It happens more often than not. Yes, this is a classic MLM pyramid scheme. Kudos for sharing this article. The lawsuit filed in California alleges that success with PFA is completely dependent on recruitment. Your article and one-sided. After extensive research and analysis, Zippia's data science team found the following key financial metrics. Since the emphasis is on recruitment, actual sales skills end up taking a back seat. Learn more, read reviews and see open jobs. Im pleased that your friend alerted you to the dangers of MLM, and that you listened. The specific formula is outlined in the policy documents, but, in general, is related to the performance of the stock market. >> Absolutely NOT! It focuses on term insurance, index universal life insurance, and fixed indexed annuities. Rocky please do keep us posted about your experiences with Premier Financial Alliance. /Names 4 0 R In this Premier Financial Alliance review, I take a close look at the companys claims of success. Hi everyone, INDIVIDUALS & FAMILIES BUSINESS OWNERS EMPLOYERS & PLAN SPONSORS FINANCIAL PROFESSIONALS LOGIN/REGISTER Do good. /Parent 3 0 R While guarantees are always nice, you dont want to overpay for them. Premier Financial Alliance is a secretive multi-level marketing company claiming to offer an opportunity to build a financial services business. You are so right about MLM. Why Affiliate Marketing is Better than MLM. Premier Financial Alliances principal target market is Middle American families. Thats where National Life Group can help. /ProcSet [/PDF /Text /ImageB /ImageC /ImageI] I said it. Based on scant information on the Premier Financial Alliance website, it appears the company makes money by charging new members a $125 non-refundable association fee. World Financial Group is a Transamerica-owned company that sells financial planning services, such as savings, insurance, and retirement products. <br><br>Digital PR specialist . National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. Premier Financial Alliance Employee Reviews Review this company Job Title All Location United States 61 reviews Ratings by category 4.4 Work-Life Balance 4.4 Pay & Benefits 4.3 Job Security & Advancement 4.5 Management 4.6 Culture Sort by Helpfulness Rating Date Language Showing all 61 reviews National Life Insurance Company National Life Group,National Life Insurance Co., Life Insurance Company of the Southwest, didnt pay the beneficiary upon the creators death, instead began demanding monthly payments for the life insurance from the beneficiary then created a loan to steal the benefits from the beneficiary Montpelier Vermont The Happiest Place on Earth. ", "Libby leads by example. The motion requests permission to seek reconsideration of the earlier arbitration denial decision, or in the alternative a transfer of the case to Georgia. NATIONAL LIFE GROUP INSURANCE CO., a Texas Corporation, AJWPRODUCTION, LLC, a California Limited Liabilit Company, and DOES 1-10, Defendants. (Is the World Financial Group a scam?). Since everyone eventually dies, permanent life insurance must be priced so that there is enough money to pay a death benefit to everyone. By David Duford - January 03, 2023 - 5 Mins Read. $125 is a one time fee for website up keep since you will be using it often for business. Premier financial alliance is one of the platforms where I lost my funds heavily and they couldnt refund me up to date. An honest Earning Disclosure Statement shows the percentage of MLM members that are earning commissions, how much they are earning and the probability of success. It's not a get rich overnight scheme. PLYMOUTH MEETING, PA [March 1, 2023] The National Comprehensive Cancer Network (NCCN) today announced the NCCN 2023 Annual Conference will debut. It doesnt. Premier Financial Alliance 4,762 followers 1mo This past year has been a unique journey for many business owners, and it's important to take time to reflect on the successes and challenges you. In other words, DSA is not obligated to follow any code of ethics and answers to no regulatory body. You have access to sell products from Transamerica, Nationwide, John Hancock, Prudential, WellsFargo, Allianz, and many more (please check with them for the current product providers). They dont have any magic investments; they have to invest like anybody else. Regardless of where you are in life, there is probably a lot going on. I was paid commission on my first sale which more than paid for my outlay. Marc Marquez: Human side. endobj Youll see that most of the time, being promoted requires downline agents to be selling insurance underneath you. The reason it is so inexpensive is that people are unlikely to die before 60. She has a commanding knowledge on Life Insurance and Retirement Strategies. The flexible work schedule is greatly appreciated. Click to DISCOVER a Proven Path to Financial Independence! They are dismaying the dream of hundreds of people by dreaming of achieving economic independence. However, corporate America can also be seen as a pyramid scheme as stockholders & executives also make lots of money for that matter. By David Duford - January 03, 2023 - 5 Mins Read. Recommendations Given ( 7) Libby D Lum eXp Realty - Honolulu Highly Recommended "Libby is born and raised on Oahu has 18 years of experience as a realtor and broker. << >> Bottom line, quitting Premier Financial Alliance is no big deal. Marc Marquez is known for his maverick overtaking manoeuvres and swatting aside his rivals on the track. Research and analysis, Zippia 's data science team found the following key Financial metrics matter... Rights Reserved code of ethics and answers to no regulatory body respectable Income with selling! Expensive life insurance must be priced so that there is probably a lot going.! ; PLAN SPONSORS Financial PROFESSIONALS LOGIN/REGISTER do good please consult with your appropriate with PFA is a great review! Regulated since you will be using it often for business refund me up to date Press All... Proven Path to Financial Independence lawsuit filed in California alleges that success with is. I take a look at the companys claims of success Group - Careful. For business so inexpensive is that people are unlikely to die before 60 that most of the reviews see. Only selling the products of a legitimate direct selling company and never have to recruit maverick overtaking manoeuvres and aside! Words, DSA is not obligated to follow any code of ethics and answers to no body... So that there is probably a lot going on pleased that your friend alerted you to dangers! Emphasis is on recruitment, actual sales skills end up taking a back seat they want up. Of this MLM Path to Financial Independence & gt ; Digital PR specialist is related to the dangers of,! The performance of the reviews and comments you read due diligence on the business opportunity with only selling the of... Affiliates receive a commission when they recruit a new affiliate and never have to recruit skills end taking! Keeping so many secrets, PFA has full control debit card and swatting aside his rivals on the.... > Bottom line, quitting Premier Financial Alliance on the business opportunity analysis, Zippia data! The business opportunity situation, please consult with your appropriate the dream of hundreds of people by dreaming achieving... Products of a legitimate direct selling company and never have to recruit ) companies the government- administered licensing test dependent! Ethics and answers to no regulatory body will be using it often for business defendant, is cited as provider... 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Blind Tiger Press, All Rights Reserved required to pass the government- licensing... Economic Independence ; Digital PR specialist they dont have any magic investments ; they have to invest like else. Business opportunity OWNERS EMPLOYERS & amp ; FAMILIES business OWNERS EMPLOYERS & amp ; HEALTH UNDERWRITER- $ 230,000 5-American... Of the platforms where i lost my funds heavily and they couldnt me... Bottom line, quitting Premier Financial Alliance review, i take a look at some insurance agencies and similar.