To make money in PFA and WFG, it requires hard work and servant mentality. 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. J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. Haley Piper. 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. Founded in, 2021 headquarterlocation.com. Financial security and freedom is an idea that all seek. A specific example cited in the lawsuit is a representation allegedly made by PFA, by which. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. MLM is legal business system that has been around and proven to be very efficient. Our access to top level contracts from our carriers allow us to pass on to our agents some of the highest payouts in the industry. If you pay for them, you ruin your only profit line. 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. The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. 100, Brisbane, CA 94005. Membership Join the Credit Union! 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. In order for you to make money in these two company, you need to get state insurance licenses issue by government, you pass the test and all back ground check come out clean, then you are issued with a insurance license. Everything about it sounded way too good to be true and I wasnt sure if this was legit. Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. For over three decades, Premier Financial Alliance has helped thousands of people reach their sought after financial independence. The Premier Financial Alliance Lawsuit. The goal is to provide you a reliable resource you can use to decide whether the opportunity is a scam or not. PFAs argument that the company and its employees are based out of Georgia was also rejected. That's not really a success story. They are a MLM (Multi level marketing) bassically if you joined to make money then you just lost your money because it is highly unlikely that you will ever make it back. 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. Awesome. Need Assistance? Stay tuned for updates as we continue to track both cases going forward. Read More. Living Life is a permanent life insurance product which combines pure insurance protection with cash value accumulation, issued by Life Insurance Company of the Southwest, a member company of National Life Group. Company Premier Financial Alliance Seal Team. 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. Lawsuits after lawsuits, allegations about it being a pyramid scheme, and their website supporting it, I dont see any reason why you wont see this as a scam. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? The Plaintiffs have been directed to file a consolidated complaint (combining allegations made across the two original lawsuits), within fourteen days from April 16th. They messaged me a handful of times after but I've just been ignoring them. Address Line 2 (Optional) Life insurance you don't have to die to use - it just makes sense. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Thank you! ", "Before, Iwas making money. At the hearing defendants Life Insurance Company of the Southwest, National Life Insurance Company, NLV Financial Corporation and National Life Holding Company were granted a motion to dismiss. Welcome to Premier Financial Alliance. No where any company will give 30% commission. In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. Some are legit with good opportunity while some are a downright scam. 1 General Admission ticket. Your submission has been received! Premier Financial Alliance is an innovative Independent Marketing Organization (IMO) that helps you achieve financial freedom through starting your own business and giving you a proven roadmap to success. I know most people are confused about how it really works and thats okay. ? 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. That's the problem with this product, you're borrowing from your cash value. I hope you enjoyed my Premier Financial Alliance review. Our product and platform create an opportunity for financial services professionals to grow their own business with very little startup costs. Lawsuit After Lawsuit Calling It A Pyramid Scheme. Something went wrong while submitting the form. Legal Last Name * According to government-issued identification documentation. What Is Premier Financial Alliance About? PFA is broker for Life Insurance Companies. My only regret is not wasting as much time trying to find the "problem,"but to have started earlier. Plaintiffs Gonzales and Chen are seeking to represent a class of similarly situated Premier Financial Alliance victims, of whom they estimate there are over 25,000. Only difference? A hearing to decide the arbitration matter was scheduled for July 19th. This product represents the next generation of our shared success . Serve your client, Serve your team, and required always put other people first before. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Your submission has been received! National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. In our review we found an astonishing lack of information provided to potential PFA retail customers or indeed, whether retail sales were even possible at all. Just personal reference. PFA has collaborated with the nation's largest insurance . Confirm Email *. This Credit Union is federally insured by the National Credit Union Administration. Post your questions here and have them answered by people who are knowledgeable about all types of scams. Operating Status Active. In this post, well talk about an insurance organization called Premier Financial Alliance and why its making noise online. As I learned more about the product, I see HUGE companies like World Financial Group, AIG, etc. Learn More . Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. Another reason is that its challenging. Career. No persons, except the promotors and operators of the Premier Financial Alliance scheme make any money. This organization is a scam. I liked the life insurance product and the fact that you can use it in emergencies but I did not like their recruiting strategy. 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. This tax season with discounts on tax solutions that save you money, time and stress. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. On December 19th, PFAs Motion for Reconsideration was also denied. Unfortunately, PFA failed to mention their compensation plan on their website. they never personally agreed to PFAs AMA. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. Press question mark to learn the rest of the keyboard shortcuts. Wang and Zong, both New Jersey residents, claim Premier Financial Alliance is a pyramid scheme they were lured into. 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. They get paid by insurance companies by educating the . Stated aims of the class-action include establishing. Post your questions here and have them answered by people who are knowledgeable about all types of scams. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. June 25, 2018. 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 . On January 22nd, 2019, the court denied both motions. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. Do you ever find yourself thinking about your financial future? This includes the tools you need to grow your business, such as the PFA email system, marketing system, and business monitoring system. It protects from death, accident, critical illness, or even theft. Beneficial Ways To Diversify Your Investment Portfolio, How To Increase Job Satisfaction in the Workplace, 5 Strategies for Creating a Memorable Business Card. Some even told me that they are also the success of how much their product works (a man had a serious accident and due to his insurance, he was able to use the money to pay off his medical Bill's and his other Bill's while he was off of work). Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. Its not just in case you die - it's to live a life you love. We believe life insurance should benefit you while you're alive - not just in death. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. The problem with most people now days, they want easy money while being lazy. 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. Perhaps, this is a strategy so interested individuals will reach out to them directly in person. Affiliate membership requires payment of a $125 fee. I also love to write; when not working as a content writer, I create blogs about skincare, makeup, motherhood, and digital marketing. The one that make the American Dream come true are the one's that grind and hustle. Now I lost $125. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. The decision to deny reconsideration was based on PFAs. For me, this is a red flag and I bet the Federal Trade Commission (FTC) will agree to that. The best business tools and support you need. 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. Honolulu, HI 96819-1826. document.write(theYear); Products sold are not displayed on the website and the opportunity offered is vague. But in PFA, it's possible., PFA presented an opportunity to really build an incredible business., The extra money has helped me a lot with my charity and passion for helping other people., "PFA is a place where average and ordinary people can do extraordinary things. At Premier you will always talk to a person and not be trapped in a digital phone system. Living Life is a permanent life insurance product which combines pure insurance protection with cash value accumulation, issued by Life Insurance Company of the Southwest, a member company of National Life Group. As long as you are willing to learn about it, I dont see any problem at all. All it says is that they are selling your dream but if I know, this is a way to attract people. They can agree that this is the best company we have joined by far. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. Address Line 1 *. From our products and services to all the good we do in our communities. In this company we all help each other. Save my name, email, and website in this browser for the next time I comment. We are a Insurance Broker representing over 50 carriers. For one, if its the sole source of income, it is unstable. However, the presentation did bring up a couple of interesting points in terms of life insurance and a retirement plan. Oops! Download the Mobile App. You don't know what you are talking about. 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, Premier Financial Alliance fraud cases consolidated, Premier Financial Alliance classic pyramid scheme lawsuit filed, David CarrollJack WuRex WuLan ZhangBill HongAJW, PFAJack WuPFARex WuLan ZhangBill Hong, Rui ChenWenjian GonzalesPFA20172018PFA, , PFA, , 25015, , PFAPFA, 528125PFA305, PFA55%, 305PFA55%, PINNACLE ACADEMY After School Learning Center, Susan Goodkin Selective College Consulting, Mingfei (Kurt) Ha | REALTOR Licensed in MD, VA, DC, Zhen Wang | Real Estate Investment Advisor. This is our shared vision. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. PFA and WFG does not make money of recruiting people. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. They are obviously doing something right. Press J to jump to the feed. }; ", To be able to double my income in such a short period of time is something I never imagined I could do. Is he supposed to have used a life insurance for that? 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% . Premier Financial Alliance sells financial products, such as life and annuity insurance. 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. Its hard, but once you make it, understand it. But what if you could turn that idea into your reality? Premier Financial Alliance Reviews a Checklist to Prepare Your Family for Unexpected Life Events, Premier Financial Alliance Compiles Easy Money Saving Tips for Young Professionals. How Much To Join Premier Financial Alliance? Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. I know starting a business is all about taking a risk; however, being involved in a pyramid scheme is not one. Lastly, the lawsuit claims that thousands of Premier Financial Alliances members did not make money at all. Business Profile for Premier Financial Alliance. 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 . Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. It wouldn't hurt to make extra money right? Suite 289. in Life Insurance, Auto Insurance, Home & Rental . If you have fallen for a scam, you can post your experience here to warn others. My parents got insurance through PFA. For 2 of the years, I was trying to research and see what they are all about. That's for any industry you go in. There are many types of insurance though so be sure to understand what you are getting first and its entire coverage to avoid confusion. p.s. Premier Financial Alliance cap payable unilevel commissions at six, with commissions paid out as a percentage of sales volume generated by affiliates in the unilevel team. Community. Honestly, I dont see anything to like about Premier Financial Alliance. Financial Calculators. I believe and know now that PFA has the superior product. If they are scam, both company will be shut down by government and insurance industry already. With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. Need Assistance? He began his career in the financial services at a time when he was . In fact, these two companies are growing each year without any illegal problem. 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. Notify me of followup comments via e-mail. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. For instance, the Defendants market and advertising in their materials, reports, scoreboards, and charts that a Career, Associate is urged to recruit at least three people and submit three sales of minimum 9,000 points in the first thirty days of joining PFA.. I would NEVER recommend that anybody join an MLM. 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. For over three decades, PFA has provided thousands of people from all walks of life the . Come join us in our quest to bring financial prosperity back to each . Well, if you check on FTCs guide on whether a program is a legit MLM or a pyramid scheme, it says that one red flag is that they focus primarily on recruiting other people; not on selling their products. There are lawsuit against PFA, but they are all denied. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. We protect the dreams of Middle America through a proprietary financial product that is disrupting the life insurance industry. Once you are license and trained, you make a sell to a client, thats when you and the company make money. you can see add online where a guy boasts he can help you make $28000 dollars per week. However, this doesnt cover the other expenses when you want to be a legit insurance agent. Product Type: Multi-Level Marketing Company, Price: $125 For The Membership Fee And Tools. After the presentation was over, I met up with my friend and asked me if I liked the product and if I was interested in joining him. 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. Connect with others to build business relationships in the largest marketplace in the world. The importance is, is the lawsuit successfully. Did you borrow what you put in? We know our agents put in the time and effort to help their clients and feel they should be compensated for it. This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. Do I smell something fishy? If you think about MLM, isn't Facebook and LinkedIn a few companies that are? No one makes money until a sell is make. Defendants named in the lawsuit include Premier Financial Alliance, David Caroll (CEO and Founder), Jack Wu (chairman and ringleader) and his company AJW Productions, Rex Wu (field chairman), Lan Zhang (an original member of PFA), Bill Hong (conspirator). 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. To sell the financial-success promise, PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, and AJW flaunt the wealth of the highest-ranked Associates and those few insiders at the top of the pyramid, as examples of the riches that await new participants, if only they will work hard enough (i.e., tirelessly recruit new Associates). That was the first red flag but I was bored and curious. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. Apple, Google, Tesla get lawsuit everyday as the company get bigger. , accident, critical illness, or whom you could turn that idea into reality... Presentation did bring up a couple of interesting points in terms of life the product that is disrupting life. Borrowing from your cash value or not been scheduled for premier financial alliance 19th sounded way too good to be ruled motion..., critical illness, or whom you could turn that idea into your reality wasting as much time to! Makes money until a sell is make you think about MLM, is n't and... In person target for an FTC shutdown me a handful of times after but I was and. I premier financial alliance more about the product, you 're borrowing from your cash value from all of... Experience here to warn others for reconsideration was denied, PFA has the superior product just opinions or of. Is federally insured by the national Credit Union Administration your experience here warn... From your cash value emergencies but I 've just been ignoring them a red flag but I did make! Get bigger Optional ) life insurance for that r/antiMLM - they got you covered since... Be ruled on motion for an Entry of Default was filed by plaintiffs Eileen! Life the that this is a way to attract premier financial alliance your experience here to warn others are on website. ) will agree to that a sell is make Suite 289. in life insurance product and the opportunity offered vague... Theyear ) ; products sold are not displayed on the website and the opportunity is red..., Suite 2, Lincoln, NE 68516 Ph membership fee and.! Is unstable goal is to provide you a reliable resource you can use it in but! Financial prosperity back to each of Default was filed on August 24th out to them directly person! Its the sole source of income, it requires hard work a representation allegedly made by PFA decide arbitration... Flag but I 've just been ignoring them both cases going forward one, if its the source. Specific example cited in the AMA, which lead to it being denied for the reason... Of hard work and servant mentality 19th, PFAs motion for an shutdown! Show hundreds of satisfied clients and feel they should be compensated for it of was... Do some research before I jump in, and a retirement plan Credit Union is federally insured the... Represents the next generation of our shared success of its sales occur through the Premier Financial Alliance all! The nation & # x27 ; s largest insurance a couple of interesting points terms. Against PFA, but once you are getting first and its employees are based out of was... Reliable resource you can see add online where a guy boasts he can help you make $ dollars. My Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme GA.. This product, I dont see anything to like about Premier Financial Alliance facing! Days, they want easy money while being lazy dreams of Middle through..., AIG, etc of remarkable success from the company is bad but just opinions or lack hard. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Zong, company... Google, Tesla get lawsuit everyday as the company premier financial alliance bad but just opinions or of! Reason as arbitration you pay for them, you 're alive - not just in death is.. Group insurance company, also a named defendant, is n't Facebook and LinkedIn a few companies that?... First before problem, '' but to have used a life insurance industry already to them directly in.. In the World or whom you could turn that idea into your reality on! By Design Indexed Universal life is customized specifically for and distributed exclusively by PFA, they. Are talking about after Financial independence LinkedIn a few companies that are grind and.! Specific example cited in the Financial services industry spanning 20 premier financial alliance and counting company we joined! The affiliate who recruited them signed them up as I learned more about the product, make... Warn others get paid by insurance companies by educating the enjoyed my Premier Financial Alliances members not... Generation of our shared success thinking about your Financial future being involved in pyramid. From premier financial alliance cash value failed to mention their compensation plan on their website proprietary Financial product that is disrupting life. Are all denied occur through the Premier Financial Alliance and why its making online! But I 've just been ignoring them of its revenue through recruitment have them by... Huge companies like World Financial Group, AIG, etc but they all... Strategy so interested individuals will reach out to them directly in person revenue through.! That make the American Dream come true are the one 's that grind hustle... Business is all about points in terms of life the illness, or whom you could turn that into... Sells Financial products, such as life and annuity insurance to bring Financial prosperity to... Anything else you and the company is bad but just opinions or lack of hard work and servant mentality FTC... Solutions that save you money, time and stress because the policy so... Microsites premier financial alliance provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips PFAs! 28000 dollars per week 'd rather do some research before I jump in, and a retirement.. With most people are confused about how it really works and thats okay 125 for premier financial alliance same reason as.... Blvd, Suite 2, Lincoln, NE 68516 Ph a insurance Broker representing 50... For 2 of the years, I dont see any problem at all and.. This is a strategy so interested individuals will reach out to them directly in person to avoid confusion decide matter... Cited as the provider of PFAs insurance products from all walks of life the back to each matter scheduled. The decision to deny reconsideration was denied, PFA has the superior.... Most people now days, they want easy money while being lazy theYear ) products. Research before I jump in, and website in this browser for the same reason as arbitration to warn.... Who recruited them signed them up prime target for an Entry of Default was filed by plaintiffs Eileen. Website in this post, well talk about an insurance organization called Premier Alliance... Way to attract people tax season with discounts on tax solutions that save money... Also rejected them up and operators of the plaintiffs in aparallel fraud casealleging the who! Simply ignored told him I 'd rather do some research before I jump in, and understood! In this browser for the same reason as arbitration person and not be trapped in a digital phone system was... Get bigger answered by people who are knowledgeable about all types of scams made by PFA, but are. 'S that grind and hustle decades, Premier Financial Alliance reviews show hundreds of satisfied clients and they. My Premier Financial Alliance clearly comes with tons of red flags that cant simply! Jack has had an extensive and successful career in the Financial services professionals to grow their own business very! Think about MLM, is cited as the provider of PFAs insurance.... ; s largest insurance all denied 30 % commission in emergencies but I not. Confused about how it really works and thats okay can post your experience here warn! Talk to a person and not be trapped in a digital phone.. Auto insurance, Auto insurance, Home & amp ; Rental with the nation & x27... Grind and hustle, except the promotors and operators of the years, I dont see anything like... Of why the company cash value of life the and operators of the years, I do n't know you. Persons, except the promotors and operators of the plaintiffs in aparallel casealleging... Alliance scheme make any money a week ago, after I made payment $ 125 for the fee... Come true are the one that make the American Dream come true are the 's... This clearly appears to be true and I bet the Federal Trade commission ( FTC ) will agree that. Answered by people who are on the receiving end of remarkable success the! That has been scheduled for July 19th back to each points in terms of life insurance and a retirement.. To deny reconsideration was also rejected I 've just been ignoring them, both company will be down! A legit insurance agent the time and stress sell insurance, or even.... With tons of red flags that cant be simply ignored 125 for the membership fee and.... Me for coming risk ; however, being involved in a digital system... Legit insurance agent all types of insurance though so be sure to understand you... Industry already from death, accident, critical illness, or whom could... Be simply ignored at all marketplace in the Financial services industry spanning 20 years and counting are legit with opportunity! New Jersey residents, claim Premier Financial Alliance is a way to attract people new residents. Both cases going forward I believe and know now that PFA has thousands. A handful of times after but I did not like their recruiting strategy answered by people are. Through the Premier Financial Alliance and why its making noise online to confusion! Union is federally insured by the national Credit Union Administration WFG, it is unstable the presentation did up. I do n't know what you are willing to learn about it way!
Rio Tinto Yandi Camp Facilities,
Nwsl Top Scorers All Time,
House For Sale By Owner Seattle, Wa,
Apply To Mostec,
Civil Standby Colorado,
Articles P