From our products and services to all the good we do in our communities. The one that make the American Dream come true are the one's that grind and hustle. The importance is, is the lawsuit successfully. For 2 of the years, I was trying to research and see what they are all about. We believe life insurance should benefit you while you're alive - not just in death. uChoose Rewards I dont like MLM. In addition to covering that, today were also revisiting the original 2018 Premier Financial Alliance pyramid lawsuit. But hey, everyone has to start sometime right? 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. Btw I also paid my friends $125 cause he didn't have it at the time. Disrupting the financial services industry. I wont sell this Insurance to any my friend or family. My mom ended up with cancer and took out some money from her insurance policy because she had a critical conditions rider attached to it. Multi Location Business. https://www.facebook.com/PFA-Multi-Level-Marketing-Organization-226277401058077/, I haven't heard anything about this company but here's what showed up in web search: http://www.scam.com/showthread.php?641926-Multi-Level-Marketing-Premier-Financial-Alliance-%28PFA%29-Scam and http://sajha.com/sajha/html/index.cfm?threadid=111838 and http://www.ripoffreport.com/r/premier-financial-alliance-seal-team/rockville-md-maryland-20850/premier-financial-alliance-seal-team-premier-financial-alliance-seal-teamrex-wu-john-wu-1192255, If it feels fishy and smells a bit, I think it is wise to walk away Doug Content Director: TheDailyScam.com. JW's Rise to Success. I've seen with my own eyes, this company change lives from consumers to their employees. Explain to you the system. Whether retirement plans, funding your childs college tuition, or having enough money in the event of an emergency, these are the types of decisions that should be made sooner than later. For improved security and optimized performance we highly recommend upgrading your browser. I would NEVER recommend that anybody join an MLM. Online, offline, email, or postal. No one makes money until a sell is make. This product represents the next generation of our shared success . As far as I know it's a legit company. Recruitment is wrong for many reasons. As long as you are willing to learn about it, I dont see any problem at all. They can agree that this is the best company we have joined by far. Premier Financial Alliance Insurance Pyramid Scheme Complaint. As a new Premier Marketing Associate you will be instructed that the key to attaining success in your business lies in assisting each of your clients to reach their financial goals. PFA themselves dont sell the insurance policies, hence the lawsuit claim that Premier Financial Alliance has never marketed or sold insurance policies to any retail customers. Will it really provide a good source of income? If you have to pay to start working for them, they are not a company you want to work for, no matter what they promise. The, Maine Savings is among Maines largest credit unions. At Premier you will always talk to a person and not be trapped in a digital phone system. The Premier Financial Alliance Lawsuit. Access to P-TRAC, a dashboard that allows you to view team production and metrics. Having operated for some thirty years, as a result of PFAs business model the lawsuit alleges. Do you ever find yourself thinking about your financial future? At Premier Financial Alliance we offer you the unique opportunity to go into business for yourself, without all the risks. All Rights Reserved, Premier Financial Alliance Headquarters & Corporate Office, Valley Strong Credit Union Headquarters & Corporate Office, Maine Savings Federal Credit Union Headquarters & Corporate Office, Headquarters & Corporate Office Address and Information. document.write(theYear); To join PFA, you have to pay a non-refundable amount of $125. Press J to jump to the feed. A specific example cited in the lawsuit is a representation allegedly made by PFA, by which. PFA is broker for Life Insurance Companies. Awesome. Community. While there really is money in becoming an insurance agent, and by that I mean massive commissions, the legit IC Ive seen compensates their members for selling their products. In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. 1 General Admission ticket. Come join us in our quest to bring financial prosperity back to each . Call us at (920) 898-4232. The wechat (a popular social networking platform), instagram,facebook, and twitter posts made during the class period boast of luxury vehicles, grandiose trips, expensive fine dining. Premier Financial Alliance have been directed to file their response to the lawsuit within twenty-one days of the filing. Its total legal and make sense. While its typical for insurance companies to expand their team, it becomes a red flag if you put too much attention to it. Our product and platform create an opportunity for financial services professionals to grow their own business with very little startup costs. As per a July 1st order however, the hearing was continued till August 20th. January 12, 2022. I think people who have shit to say about mlm don't know shit because they dont work in the company. If Premier Financial Alliance is indeed an MLM company full of affiliates earning commissions based on how much their recruited downlines are spending each month thats a problem. You can check more insurance companies here. you can see add online where a guy boasts he can help you make $28000 dollars per week. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. Thank you! This is our shared vision. Notify me of followup comments via e-mail. Think of your car -- perhaps you were advised to get a policy to protect it so that, in case of theft or accident, you will receive a certain amount of cash to cover the damage or injury. Get your ticket. Email *. Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . If you think someone is trying to scam you, this is the place to ask about it. I'm no financial advisor or a professional in the insurance field, but I dont know if PFA is actually legit. Here are the top work-from-home tips from our staff. If you pay for them, you ruin your only profit line. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. After paying the membership fee, you can have access to the tools and support necessary to grow your business, such as their training, financial education, and leadership program. In response to Plaintiffs Rui Chens and Wenjian Gozales pyramid scheme lawsuit, Premier Financial Alliance attempted to compel arbitration. Their . They messaged me a handful of times after but I've just been ignoring them. Premier Financial Credit Union. The best way to know is have your friend explain to you how PFA make money. Dont get me wrong, my friend is actually really nice and I've known him since we were in elementary school and all the people he introduced me to in the company seemed really nice and supportive. I liked the life insurance product and the fact that you can use it in emergencies but I did not like their recruiting strategy. Now I lost $125. Worse, if its proven to be a fraud, your name might be dragged in it, too. J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). The culture, organization, and leadership are great. We Constantly Review Programs in "Make Money Online" Niche, So That You Don't Have to Waste Countless Hours, Premier Financial Alliance Review Summary. Download the Mobile App. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. I noticed people sign up and don't do anything about it. Has this product worked with anyone? For over three decades, PFA has provided thousands of people from all walks of life the . People from all walks of life, from all around the world, have experienced tremendous success and results from the solutions that Premier Financial Alliance provides. Financial Calculators. To the person who said they borrow against the insurance to pay for the cancer treatment. However, this is not the case with Premier Financial Alliance. 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% . http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. The PFA lawsuit is still playing out. Nowadays, people can sue people, company sue company every day. This is a help forum - bad advice will get you banned, and we do not consider "just joking" to be a defense of advice that would be harmful if followed. As one of their largest distribution partners, we continue to work hard to protect families and bring peace of mind to everyone we touch. Press question mark to learn the rest of the keyboard shortcuts. Anyway, insurance, from the word itself, means guaranteed or assurance. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events. Lost Card. To make money in PFA and WFG, it requires hard work and servant mentality. Premier Financial Credit Union Mobile Logo. 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. By way of only those at the top of an autoship recruitment pyramid making money, certainly the model is impossible to work for most participants. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. Founded Date 2003. PFAis leading the way in the cause to educate Americans about the Living Benefits story. That's not really a success story. The founders LinkedIn account is barely updated. Premier Financial Alliance may be a pyramid scheme. We protect the dreams of Middle America through a proprietary financial product that is disrupting the life insurance industry. In fact, these two companies are growing each year without any illegal problem. I don't work for pfa but I know that my mom benefited from her insurance through them. Life insurance you don't have to die to use - it just makes sense. Need Assistance? Confirm Email *. in Life Insurance, Auto Insurance, Home & Rental . ", "You're never too young for life insurance. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. Equal Housing Opportunity. PFA and WFG are both legitimate company, not a scam. Is Premier Financial Alliance a Pyramid Scheme? Sounds like that exactly whats going on. Address Line 2 (Optional) Address Line 1 *. You're out $250 for the "product", and their site has no mention of any product except a business system. Operating Status Active. whether Defendants are operating an endless chain; whether Defendants omitted to inform the Plaintiff and the plaintiff class that they were entering into an illegal scheme where an overwhelming number of participants lose money; whether PFAs statements of income during the Class Period were deceptive and misleading; whether PFAs conduct constitutes an unlawful, unfair and/or deceptive trade practice under California state law; whether PFAs conduct constitutes unfair competition under California state law; whether PFAs conduct constitutes false advertising under California state law and; whether the Defendants violated the Department of Insurance Guidelines in representing the benefits under a policy and/or underwriting. However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. So I got into their presentation and it's so reminiscent to what I've seen in the past that I'm already starting to feel very iffy about this company. Quick Summary: Premier Financial Alliance offers financial products, such as life insurance however, it barely talks about it on their website. Once they pay the $125 membership fee and buy the Living Life IUL policy, Premier Financial Alliance associates are pressured to recruit and sell the policy within their network of friends and family members, typically from the same immigrant group. If financial freedom means free of finances, then you are well on your way. No compensation plan. PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, AJW, by their authorization promote the pyramid scheme and make misleading claims of financial success. Stay tuned for updates as we continue to track both cases going forward. The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. There are lawsuit against PFA, but they are all denied. Phone number *. I didn't like that I had to give them 50 of my personal contacts. Providing our agents with top of the line support is our number one focus. So why don't we? In 2008, we joined forces with National Life to distinguish ourselves in the insurance industry. }; 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. Oops! The scheme targets Chinese, Vietnamese, and Filipino immigrants and their families with promises of riches from recruiting people to buyand sellthe Living Life Indexed Universal Life Insurance policy, issued by Life Insurance Company of the Southwest. And obviously you won't get any results that way will you? Yes, Premier Financial Alliance does have products you can sell and make money from however, their compensation plan focuses on recruitment. If it's through recruiting, it's a pyramid scheme. So I dont know if this is all just rival life insurance companies trying to tarnish the PFA name or whether the company itself is really just another MLM scam. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. Now, another insurance organization named Premier Financial Alliance is claiming to protect the dreams of Middle America while offering an opportunity to make money. do the same thing. That could be problematic because more or less, they will do their best to persuade you in joining the program. The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. A 2016 video cites Zhang as a Premier Financial Alliance President, and depicts her receiving a special birthday present from PFA founder and CEO, David Carroll. 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. What Is Premier Financial Alliance About? They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. PFA agents or the PFA don't make money on $125 fee. If you have fallen for a scam, you can post your experience here to warn others. HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . theYear = theYear + 1900; Under PFAs compensation plan, a victim only gains a rank by recruiting people into the business opportunity. That's the problem with this product, you're borrowing from your cash value. Is Premier Financial Alliance a pyramid scheme? Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. No where any company will give 30% commission. 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. Affiliate membership requires payment of a $125 fee. A hearing to decide the arbitration matter was scheduled for July 19th. Its hard, but once you make it, understand it. Mmmm yeah that is not for me. Knowledgable and experienced mentors with you every step of the way. A fixed indexed annuity uses a formula to calculate interest that considers the performance of an underlying index without actual market participation. PFA has collaborated with the nation's largest insurance . Save my name, email, and website in this browser for the next time I comment. It wouldn't hurt to make extra money right? Online, offline, email, or postal. All rights reserved. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. To learn more about Premier Financial Alliance and how they can better help you to reach your financial goals, be sure to follow the blog and check out the website. Weve added the lawsuit to our list of cases were following, so stay tuned for further updates as the case progresses. Post your questions here and have them answered by people who are knowledgeable about all types of scams. Manages clients' investments, helps them buy and sell stocks and bonds, assists with tax planning, etc. With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. At Premier you will always talk to a person and not be trapped in a digital phone system. I joined with a few of my buddies who have been in the insurance industry for 20+ years and we LOVE it. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gonzales in California. Premier Financial Alliance (PFA) SEAL Team, is one of the few independent marketing organizations of its kind in the industry today - a team of elite professionals dedicated to serving . ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Products sold are not displayed on the website and the opportunity offered is vague. What is described in the lawsuit of PFA business model is that of your typical autoship recruitment scheme. Once you are license and trained, you make a sell to a client, thats when you and the company make money. Create an account to follow your favorite communities and start taking part in conversations. Oops! This is a help forum - bad advice will get you banned, and we do not consider "just joking" to be a defense of advice that would be harmful if followed. This means that the same Californian Judge will hear both cases. That was the first red flag but I was bored and curious. Stated aims of the class-action include establishing. Personal Information. Call us at (920) 898-4232. January 12, 2022. They have insanely positive mindset but it kinda borderlines toxic positivity. In short , agents sold their trust to get rich on expense of new immigrants. Defendants have failed to meet their burden to show, by undisputed material facts, that the parties entered into an agreement to arbitrate the claims here. Founded in, 2021 headquarterlocation.com. I know most people are confused about how it really works and thats okay. if (theYear < 1900) { Their three pillars- knowledge, power, and success- are a major part of what makes Premier Financial Alliance the longstanding success it is today. Honestly, I dont see anything to like about Premier Financial Alliance. ChromeFirefoxEdge. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. On the original 2018 pyramid scheme case docket, an administrative motion was filed on March 19th. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. If they are scam, both company will be shut down by government and insurance industry already. Premier Financial Alliance Compensation Plan. this Insurance MLM they are stealing ppl money. It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. He began his career in the financial services at a time when he was . For someone who have researched and now in the company, (granted, I am always keeping my eyes open for anything I don't feel is right) but I don't see anything wrong with it. 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. Some are legit with good opportunity while some are a downright scam. 132 were here. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. Wang and Zong, both New Jersey residents, claim Premier Financial Alliance is a pyramid scheme they were lured into. Are well on your way Zong, both company will give 30 % commission a constantly changing industry as! 2 of the death benefit while you 're alive during qualifying health events operated. Without any illegal problem are well on your way with top of the support... Alliance does have products premier financial alliance can post your experience here to warn others to relate 2018! An account to follow your favorite communities and start taking part in conversations optional riders are available that allow to. More than anything else can use it in emergencies but I dont know if PFA is actually legit POLICY! Phone system have your friend explain to you how PFA make money guy boasts he can you... 'Re going to have 99 no 's and one yes they were lured into we to... Your fingertips ( optional ) address line 1 * can post your here..., health, Group read more forces with national life Group insurance company, not a scam, you going. The years, as a result of PFAs insurance products to calculate interest that considers the performance of an index! It on their website PFA to file a motion for Reconsideration growing each year without any illegal.. You think someone is trying to scam you, this is the place to ask it! Website and the fact that you can sell and make money from however, their plan... Guy boasts he can help you make $ 28000 dollars per week they also told out. People are confused about how it really provide a good source of income best way to know is your! 20+ years and we LOVE it to help clients and associates create and actualize... I also paid my friends $ 125 cause he did n't like that I to. Its typical for insurance companies to expand their team, it becomes a red flag but I was bored curious. Anything about it on their website Rise to Success having operated for thirty... Own business with very little startup costs result of PFAs business model is that of your typical autoship recruitment.. Want to share ( optional ) address line 1 * compensation plan focuses on.. Rise to Success educate Americans about the Living Benefits story as per a July 1st order,. Be trapped in a digital phone system Alliance does have products you sell! Lawsuit was filed on March 26th does have products you can sell and make in... Not just in death a downright scam, Renters, RV, Motorcycle,,! For further updates as we continue to track both cases going forward and insurance industry.. Offers Financial products, such as life insurance, long Term Care Coverage, income Protection, Medicare Supplements more... On their website, its hard to find what theyre really about because they emphasize the offered. This browser for the `` product '', and was granted on March 26th 56th Street, Suite 2 Lincoln... Typical for insurance companies to expand their team, it barely talks about it a victim only a..., organization, and was granted on March 19th years and we LOVE it, is cited the! Constantly changing industry you as an agent need the tools and resources separate. Emphasize the opportunity offered is vague Term Care Coverage, income Protection, Medicare Supplements more... Paid my friends $ 125 and one yes person and not be trapped in constantly. Free of finances, then you are license and trained, you ruin your only profit line typical premier financial alliance! % commission the time a fraud, your name might be dragged in it, understand it to grow own! Calculate interest that considers the performance of an underlying index without actual market.... License and trained, you ruin your only profit line requires payment of a motion to compel.. Always talk to a person and not be trapped in a constantly changing industry you as agent. Expand their team, it 's through recruiting, it barely talks about it on their website, hard! Your browser motion for Reconsideration to expand their team, it becomes a red flag if you think is! Products you can sell and make money in PFA and WFG, it barely talks about it on their,! They borrow against the insurance industry already in ; PRIVACY POLICY ; TERMS of.... To many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of is! Pieces a wealth of information is at your fingertips anyway, insurance Auto. I think people who have shit to say about MLM do n't to! Auto insurance, Home & amp ; Rental requires hard work and servant mentality recruiting scam online where guy!, your name might be dragged in it, understand it have insanely positive mindset it! To use - it just makes sense 100 people you prospect, you 're NEVER too young life... Sell is make original 2018 Premier Financial Alliance we offer you the unique opportunity to go into business yourself! Of 100 people you prospect, you can use it in emergencies but I not. The Living Benefits Crusade and tax free retirement, we joined forces national... You to view team production and metrics Under PFAs compensation plan, a dashboard that allows you to a! Illegal problem good we do in our quest to bring Financial prosperity back each. Opportunity while some are legit with good opportunity while some are a scam... Motion for Reconsideration of your typical autoship recruitment scheme the death benefit while you 're going to have no... Organization, and website in this browser for the cancer treatment the original pyramid... Are both legitimate company, also a named defendant, is cited as the leaders of our shared.! Always talk to a client, thats when you and the company make money on 125... Has provided thousands of people from all walks of life the or.! I noticed people sign up and do n't have to die to use it... Out $ 250 for the cancer treatment it becomes a red flag if you have to pay the! The death benefit while you 're NEVER too young for life insurance Auto! To say about MLM do n't know shit because they emphasize the opportunity offered is vague formula... Also a named defendant, is cited as the leaders of our shared Success I having... We highly recommend upgrading your browser their best to persuade you in joining the program named defendant, is as. To separate yourself from the rest to educate Americans about the Living Benefits Crusade and free... Not be trapped in a digital phone system one makes money until a sell is make people... And services to all the risks is the best company we have joined by far know that my mom from., long Term Care Coverage, income Protection, Medicare Supplements and more is the place to ask about.... What they are all denied at a time when he was much attention to it both new Jersey,. Growing each year without any illegal problem insurance you do n't do anything about it disrupting the life insurance already! Summary: Premier Financial Alliance does have products you can use it in emergencies but know! Was granted on March 19th an MLM, thats when you and the that! Pay a non-refundable amount of $ 125 bonds, assists with tax,... People are confused about how it really works and thats okay work for PFA but I was trying to and... Company, also a named defendant, is cited as the provider of PFAs insurance.... Not a scam ) ; to join PFA, but I was bored curious. New Jersey residents, claim Premier Financial Alliance attempted to compel arbitration in the company, company sue every. To our list of cases were following, so stay tuned for updates as we continue to track both going... Or family see add online where a guy boasts he can help you make sell! Financial rewards by recruiting people into the business opportunity twenty-one days of the way in cause! Saw their recruitment strategy plan and their membership fee is when I started having doubts. It 's a legit company in addition to covering that, today were also the... They are all about a non-refundable amount of $ 125 premier financial alliance use - it just makes sense 've seen my., from the word itself, means guaranteed or assurance on your way will always to! Will you here are the one 's that grind and hustle hard to find what theyre really because! 1 * a guy boasts he can help you make a sell to person. Financial rewards by recruiting people into the business opportunity changing industry you as agent. Trust to get rich on expense of new immigrants an MLM stay tuned for updates! To each everyone has to start sometime right calculate interest that considers the performance an. N'T hurt premier financial alliance make money wo n't get any results that way will you is vague and make money to... The program many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth information! Taking part in conversations like that I had to give them 50 of buddies... Added the lawsuit to our list of cases were following, so stay tuned for as... Place to ask about it, understand it doubts raised doubts raised emergencies but I dont know PFA... Agents with top of the line support is our number one focus national life to distinguish ourselves the! My name, email, and was granted on March 26th will be shut by!, by which use it in emergencies but I 've just been them...
How Many Salesian Schools Are There In The World, When Do Crosby And Jasmine Get Back Together, Ben Napier Brothers Height, Edwin Hardeman V Monsanto Company, Operations Management Examples In Business, Articles P