I wont sell this Insurance to any my friend or family. However, the presentation did bring up a couple of interesting points in terms of life insurance and a retirement plan. Your submission has been received! That was the first red flag but I was bored and curious. Applications must be postmarked by March 1, 2023. The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. To join PFA, you have to pay a non-refundable amount of $125. We believe life insurance should benefit you while you're alive - not just in death. It protects from death, accident, critical illness, or even theft. This is our shared vision. The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. They can agree that this is the best company we have joined by far. now = new Date; But hey, everyone has to start sometime right? Donald Trump and Robert Kiyosaki recommend it? J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). As per a July 1st order however, the hearing was continued till August 20th. Create an account to follow your favorite communities and start taking part in conversations. There are fees that you need to settle to become a licensed one and more or less, you need to pay $100 to $200 for this. Knowledgable and experienced mentors with you every step of the way. How much of a percentage is paid out is determined by a PFA affiliate's rank: Qualified Field Director - 8% on level 1, 5% on level 2, 3% on level 3, 2% on level 4 and 1% . That could be problematic because more or less, they will do their best to persuade you in joining the program. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. 1st client get 30% commission. Download the Mobile App. As an innovative leader in the financial industry, PFA has continuously transformed people's. We protect the dreams of Middle America through a proprietary financial product that is disrupting the life insurance industry. Most of the people are complaining about false stories told by agent to sell their products. He began his career in the financial services at a time when he was . PFA is broker for Life Insurance Companies. C2820332, that currently does business at 8000 Marina Blvd., Ste. PFA has collaborated with the nations largest insurance companies to sell life and annuity products to the general population. MLM is legal business system that has been around and proven to be very efficient. You don't know what you are talking about. theYear = theYear + 1900; I've seen with my own eyes, this company change lives from consumers to their employees. That's your money that you put into the account to buy your death benefit so you're now paying interest on your cash. Easy account access on the go! Online, offline, email, or postal. Founded in, 2021 headquarterlocation.com. Is he supposed to have used a life insurance for that? A case management conference has been scheduled for January 13th, 2020. you can see add online where a guy boasts he can help you make $28000 dollars per week. Equal Housing Opportunity. Find locations. Premier Financial Alliance Seal Team Business details. I know starting a business is all about taking a risk; however, being involved in a pyramid scheme is not one. Something went wrong while submitting the form. this Insurance MLM they are stealing ppl money. For me, this is a red flag and I bet the Federal Trade Commission (FTC) will agree to that. On May 6th an initial case management conference for both cases was held. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. You can check more insurance companies here. I.e. This is my experience and I hope you got some thing out of it! The most damning allegations in the new 2019 lawsuit are the targeting of Asian immigrants, and claim that 95% of sales within Premier Financial Alliance are affiliate purchases. If you have fallen for a scam, you can post your experience here to warn others. 155 Kapalulu Pl Ste 289. I actually have heard of this company for 3 years now. AmeriPlan, Symmetry Financial Group, and PHP Agency -- these are just some of the insurance companies weve reviewed on our website and honestly, while they promote the same products and follow the same business structure, not all are created equal. If you want to become an insurance agent, find a reputable insurance company that will offer a legit opportunity that focuses on selling their products. PFA and WFG are both legitimate company, not a scam. Is Premier Financial Alliance legit or a scam to watch out for? PFA agents or the PFA don't make money on $125 fee. ", To be able to double my income in such a short period of time is something I never imagined I could do. JW's Rise to Success. This organization is a scam. Ask about our exclusive product that offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity. In response to Plaintiffs Rui Chens and Wenjian Gozales pyramid scheme lawsuit, Premier Financial Alliance attempted to compel arbitration. To make money in PFA and WFG, it requires hard work and servant mentality. While its typical for insurance companies to expand their team, it becomes a red flag if you put too much attention to it. PFAs argument that the company and its employees are based out of Georgia was also rejected. Stated aims of the class-action include establishing. Premier Financial Alliance is, according to the case, a "suspended" private organization that maintains offices throughout California and Georgia; AJW Productions is the alleged alter ego and money collection entity of the individual defendant described in the complaint as the "chairman" of the pyramid scheme; and That's not really a success story. PFAis leading the way in the cause to educate Americans about the Living Benefits story. Our associates are supported by a first-class team that is as passionate as you are. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. Sadly, the more I googled up searches for PFA the more I see that almost every page mentioning it is linked with a pyramid scheme, a class action lawsuit, and it being a MLM. PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, AJW, by their authorization promote the pyramid scheme and make misleading claims of financial success. Premier Financial Alliance affiliates are promised. At Premier Financial Alliance we offer you the unique opportunity to go into business for yourself, without all the risks. However, if I were to choose an insurance company that Ill become an affiliate with, PFA will not be on my list. The same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel. Again, if you want to be an insurance agent, look for a reputable insurance company that will help you learn about the value of insurance rather than persuade you to recruit more and more people. No where any company will give 30% commission. PFA and WFG does not make money of recruiting people. On January 22nd, 2019, the court denied both motions. Daily lunch (Sept 27-29th) Early check in September 25, 2022. What is described in the lawsuit of PFA business model is that of your typical autoship recruitment scheme. Are you making money by recruiting people to sell whatever it is they're selling? Press question mark to learn the rest of the keyboard shortcuts. Premier Financial Alliance Compensation Plan. Other than MLMs, one of the most questionable products or services is insurance, and perhaps thats one reason why there are people who dont have it yet. Press J to jump to the feed. Save my name, email, and website in this browser for the next time I comment. In short , agents sold their trust to get rich on expense of new immigrants. As for Premier Financial Alliance, what they offer are the following: In case the policyholder dies, its beneficiaries (such as their parents, spouse, and/or child) will receive a sum of money they can use to cover expenses after death, such as hospital bills, pay for loans and other debts, or simply to purchase essentials. You can also subscribe without commenting. As I learned more about the product, I see HUGE companies like World Financial Group, AIG, etc. There are many types of insurance though so be sure to understand what you are getting first and its entire coverage to avoid confusion. If they are scam, both company will be shut down by government and insurance industry already. Tickets purchased by May 31, 2022. Lan Zhang appears to be a top Premier Financial Alliance affiliate. To earn any commissions or financial rewards in PFA, one has to recruit and cause to be signed up, six persons, and obtain a license to sell insurance under applicable State Law. Now older immigrants(agents) are telling than insurers should have read all the conditions and you should be aware about all repercussions but vicitims think they were lied. I don't work for pfa but I know that my mom benefited from her insurance through them. Now I lost $125. This means that the same Californian Judge will hear both cases. Premier Financial Alliance believes in empowering people with the knowledge and confidence needed to build their own business without the fear of failure that prevents you from achieving financial success.. Contact Information. Because the Living Life IUL policies are far more expensive than National Life Groups non-Premier Financial Alliance policy alternatives, Premier Financial Alliance agents are unable to sell these Living Life IUL policies outside of the Premier Financial Alliance pyramid. My parents got insurance through PFA. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. Career. The, Maine Savings is among Maines largest credit unions. Under PFAs compensation plan, a victim only gains a rank by recruiting people into the business opportunity. For over three decades, PFA has provided thousands of people from all walks of life the . Btw I also paid my friends $125 cause he didn't have it at the time. 1 General Admission ticket. But what if you could turn that idea into your reality? The importance is, is the lawsuit successfully. ? Headquarters Regions Greater Atlanta Area, East Coast, Southern US. Their . Is the WFG (World Financial Group) a scam? https://behindmlm.com/companies/premier-financial-alliance-fraud-cases-consolidated/, https://behindmlm.com/companies/premier-financial-alliance-denied-arbitration-and-venue-change/, https://behindmlm.com/companies/new-premier-financial-alliance-lawsuit-claims-asian-immigrants-targeted/, https://www.mitbbs.com/article_t/SanFrancisco/34629529.html, https://behindmlm.com/companies/premier-financial-alliance-classic-pyramid-scheme-lawsuit-filed/, http://www.wenxuecity.com/news/2018/07/25/7469956.html, a 2018 suit filed by Rui Chen and Wenjian Gonzales, alleging, a 2019 suit filed by Youxiang Eileen Wang and Biyun Zong, alleging Premier Financial Alliance. PFA has not persuaded the Court that any other factorscosts of litigation, ease of access to sources of proof, availability of compulsory process as to former employees or associates, etc.would favor transfer to Georgia. Your submission has been received! PFA and WFG are both legitimate company, not a scam. If thats not enough, even their LinkedIn profile talks solely about recruiting. We know our agents put in the time and effort to help their clients and feel they should be compensated for it. However, this is not the case with Premier Financial Alliance. In fact, these two companies are growing each year without any illegal problem. As far as I know it's a legit company. At Premier you will always talk to a person and not be trapped in a digital phone system. That's for any industry you go in. Confirm Email *. 5.2 miles away from Premier Financial Alliance. Financial Services. Death is not required to gain protection from this type of insurance. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. Apple, Google, Tesla get lawsuit everyday as the company get bigger. At-a-glance. This naturally raised the question of what Premier Financial Alliances core priority was. Awesome. If it's through recruiting, it's a pyramid scheme. The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. June 2018: A class-action lawsuit was 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. You get set up with a trainer, get a product and compliance education, and learning the turn key system. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". They are the cry babies and whine about not getting good hand delt to them. Products sold are not displayed on the website and the opportunity offered is vague. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. Founded Date 2003. Haley Piper. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Ever wanted to have a super profitable online business but lack the ability or desire to create products and struggle to drive traffic, generate leads and convert sales? A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. Explain to you the system. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. I joined Vasiliy as a writer for Best Lifetime Income blog. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. Here is a Blueprintto Owing Highly Profitable Online Business Without Any Experience REVEALED! Financial Calculators. Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. 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. Disclaimer | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by iPipeline, 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph: 402-423-5002 Ph. From our products and services to all the good we do in our communities. Is Premier Financial Alliance a Pyramid Scheme? Lawsuit After Lawsuit Calling It A Pyramid Scheme. 100, Brisbane, CA 94005. No one makes money until a sell is make. I cant stress enough the importance of knowing the details about their compensation plan before going into the opportunity. Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. That being said, its important to do a background check before joining a program; let alone buying a product or service to avoid being scammed. Disrupting the financial services industry. Press J to jump to the feed. Broker at Premier Financial Alliance Seal Team. I was recently invited to a company presentation my friend was telling me about that he's a part of. You're out $250 for the "product", and their site has no mention of any product except a business system. So I went to one of their interest meetings and was really interested by the product and the company so I joined with a fee of $125, I just wanted to know if anyone else had heard of them. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. 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