Did you borrow what you put in? We protect the dreams of Middle America through a proprietary financial product that is disrupting the life insurance industry. I'm a stay-at-home mom always on the lookout for ways on how to make LEGITIMATE money online. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. Press question mark to learn the rest of the keyboard shortcuts, http://www.scam.com/showthread.php?641926-Multi-Level-Marketing-Premier-Financial-Alliance-%28PFA%29-Scam, http://sajha.com/sajha/html/index.cfm?threadid=111838, 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, http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. Valley Strong Credit Union operates as a financial cooperative. On November 28th defendants A JW Production, LLC, Bill Hong, The Consortium Group, LLC, Jack Wu, Rex Wu, and Lan Zhang, filed their own motion requesting the same. 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. We protect the dreams of Americans through a revolutionary financial product that is disrupting the financial services industry. Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. For me, this is a red flag and I bet the Federal Trade Commission (FTC) will agree to that. Life Insurance. Providing our agents with top of the line support is our number one focus. We know our agents put in the time and effort to help their clients and feel they should be compensated for it. The founders LinkedIn account is barely updated. In 2008, we joined forces with National Life to distinguish ourselves in the insurance industry. PFA is broker for Life Insurance Companies. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. Even thou comission 50% I wont do it because I feel guilty by stealing ppl money. Come join us in our quest to bring financial prosperity back to each . 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. Something went wrong while submitting the form. We are a Insurance Broker representing over 50 carriers. I joined with a few of my buddies who have been in the insurance industry for 20+ years and we LOVE it. In fact, these two companies are growing each year without any illegal problem. January 12, 2022. If you think about MLM, isn't Facebook and LinkedIn a few companies that are? So a little backstory, I remember seeing this kind of play before as I saw this when my ex-girlfriend tried to recruit me into Herbalife years ago and my cousin into WFG about 7 years ago. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. Its total legal and make sense. 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. If yes, then you should join our top-recommended program. Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. Oops! Just personal reference. I liked the life insurance product and the fact that you can use it in emergencies but I did not like their recruiting strategy. Knowledgable and experienced mentors with you every step of the way. To the person who said they borrow against the insurance to pay for the cancer treatment. I hope you enjoyed my Premier Financial Alliance review. Access all general sessions Sept 25-29, 2022. Btw I also paid my friends $125 cause he didn't have it at the time. 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. Internet Explorer 11 is outdated. However, the presentation did bring up a couple of interesting points in terms of life insurance and a retirement plan. The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. This includes the tools you need to grow your business, such as the PFA email system, marketing system, and business monitoring system. 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. Stay tuned for updates as we continue to track both cases going forward. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! Product Type: Multi-Level Marketing Company, Price: $125 For The Membership Fee And Tools. Learn 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. Has this product worked with anyone? Ask about our exclusive product that offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity. Once they pay the $125 membership fee and buy the . 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. BehindMLMreviewed Premier Financial Alliancein 2016. On January 22nd, 2019, the court denied both motions. The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. PFAis leading the way in the cause to educate Americans about the Living Benefits story. The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. Life insurance you don't have to die to use - it just makes sense. Copyright Phone number *. Access to P-TRAC, a dashboard that allows you to view team production and metrics. I'm no financial advisor or a professional in the insurance field, but I dont know if PFA is actually legit. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. If you have questions or comments, please feel free to share them below. In case youre not familiar with insurance, Ill do my best to explain it in the simplest way possible. Wang and Zong, both New Jersey residents, claim Premier Financial Alliance is a pyramid scheme they were lured into. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. You don't know what you are talking about. The Premier Financial Alliance Lawsuit. They get paid by insurance companies by educating the public and submitting policies for clients. Haley Piper. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. 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. I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. Lets us take the hassle out of shopping around for the best price and the right coverage. 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. In addition, the PFA agents receive a commission when they recruit a new affiliate. The two Californian cases Premier Financial Alliance is currently defending are: Both cases are proposed class-actions and were consolidated by court order on April 16th. For improved security and optimized performance we highly recommend upgrading your browser. To make money in PFA and WFG, it requires hard work and servant mentality. In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. However, if I were to choose an insurance company that Ill become an affiliate with, PFA will not be on my list. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. For 2 of the years, I was trying to research and see what they are all about. Now I lost $125. Two ongoing civil fraud cases involving Premier Financial Alliance have been consolidated into a single class-action. More or less, it follows a multi-level marketing (MLM) structure that lets people earn by selling their policies and at the same time, growing their team. As long as you are willing to learn about it, I dont see any problem at all. Lost Card. Because of the reputation it has. A different approach: Life insurance you don't have to die to use. 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. PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, AJW, by their authorization promote the pyramid scheme and make misleading claims of financial success. theYear = now.getYear(); Yes, Premier Financial Alliance does have products you can sell and make money from however, their compensation plan focuses on recruitment. 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. 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. Applications must be postmarked by March 1, 2023. This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. Save my name, email, and website in this browser for the next time I comment. That's for any industry you go in. Get your ticket. 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. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). 100, Brisbane, CA 94005. 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. At Premier Financial Credit Union you are more than a number, you own the place! Founded in, 2021 headquarterlocation.com. 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