This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. Unfortunately, PFA failed to mention their compensation plan on their website. Both claim to have been deceived into believing PFA was a legitimate way to make money. Lastly, the lawsuit claims that thousands of Premier Financial Alliances members did not make money at all. On December 19th, PFAs Motion for Reconsideration was also denied. Premier Financial Credit Union Mobile Logo. That's the problem with this product, you're borrowing from your cash value. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. MLM is legal business system that has been around and proven to be very efficient. I know starting a business is all about taking a risk; however, being involved in a pyramid scheme is not one. At-a-glance. Someone reached out to me on Instagram recently. BehindMLMreviewed Premier Financial Alliancein 2016. Address Line 1 *. That could be problematic because more or less, they will do their best to persuade you in joining the program. Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. She used that money to pay for her treatments. For 2 of the years, I was trying to research and see what they are all about. 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. PFA and WFG does not make money of recruiting people. Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. 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. 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. They get paid by insurance companies by educating the . This is our shared vision. 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. Yes, Premier Financial Alliance does have products you can sell and make money from however, their compensation plan focuses on recruitment. Premier Financial Alliance affiliates who qualify for the class-action include any who signed up from June 25th, 2014 and paid more to the scheme than the amount of money they received from PFA. Serve your client, Serve your team, and required always put other people first before. Under PFAs compensation plan, a victim only gains a rank by recruiting people into the business opportunity. Awesome. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. But looks like company agent screwed Nepali and Bhutanese immigrants. Personal Information. Here are the top work-from-home tips from our staff. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. Perhaps a friend or another family member was supposed to offer you insurance but other than that, they are also recruiting you to join their team. 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% . They can agree that this is the best company we have joined by far. I believe and know now that PFA has the superior product. 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. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events.2. Access all general sessions Sept 25-29, 2022. Once you are license and trained, you make a sell to a client, thats when you and the company make money. 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. PFAs argument that the company and its employees are based out of Georgia was also rejected. Founded Date 2003. This product represents the next generation of our shared success . Confirm Email *. Donald Trump and Robert Kiyosaki recommend it? 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 Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. Premier Financial Alliance instructed Plaintiffs and continues to instruct other associates to peddle this policy to other people who, in turn, are instructed to sign up more associates, and so on and so on, ad infinitum. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. PFA, WFG, Amway they are all big successful company using this system. J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). Access to P-TRAC, a dashboard that allows you to view team production and metrics. So I have to give you personal contacts and persuade them to join the team or to buy life insurance but I wouldn't be making any commission off MY contacts because I'm still "in training" and not a certified life insurance agent yet? 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. Create an account to follow your favorite communities and start taking part in conversations. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a particularly egregious classic pyramid scheme. The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. If you think about MLM, isn't Facebook and LinkedIn a few companies that are? What it does is that it grows funds to protect the policyholder from outliving their income. 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. This product represents the next generation of our shared success in this important product 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. Top 6 Working From Home Tips and Tricks. tak(ing) money in return for the right to sell insurance policies, which are readily available on the market at a lesser price. Is Premier Financial Alliance a pyramid scheme? PFA swag bag and shirt. In addition to covering that, today were also revisiting the original 2018 Premier Financial Alliance pyramid lawsuit. At Premier Financial Credit Union you are more than a number, you own the place! Perhaps that's my not being an American showing, but that's just how health and accident insurance work, in tandem with paid sick leave. Is Premier Financial Alliance legit or a scam to watch out for? Theres even a lawsuit filed against them by prosecuting attorneys in June 2018, claiming that the brand has never sold any of their products, in this case, insurance. 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. If recruitment stops, so does your profit. Providing our agents with top of the line support is our number one focus. 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 for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. And obviously you won't get any results that way will you? with complete knowledge that the Defendants have violated Department of Insurance Guidelines and the anti-pyramid laws, but aided and abetted the conduct of Nationals co-defendants. I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. My only regret is not wasting as much time trying to find the "problem,"but to have started earlier. There are lawsuit against PFA, but they are all denied. The decision to deny reconsideration was based on PFAs. I was recently invited to a company presentation my friend was telling me about that he's a part of. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Equal Housing Opportunity. 155 Kapalulu Place, Honolulu, HI 96819 If yes, then you should join our top-recommended program. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Welcome to My Premier Financial Alliance Review! Headquarters Regions Greater Atlanta Area, East Coast, Southern US. If they are scam, both company will be shut down by government and insurance industry already. Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. We are a Insurance Broker representing over 50 carriers. Online, offline, email, or postal. 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. Community. 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. Only difference? My parents got insurance through PFA. Affiliate membership requires payment of a $125 fee. 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. If you check Premier Financial Alliance websites, you cant simply find the products or the type of insurance they offer; rather, they focus on promoting the opportunity. For one, if its the sole source of income, it is unstable. It's actually great. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. 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. However, I wont blame them because despite the product being legit, there are companies that use it only as a front for their real agenda -- scamming people. In addition, the PFA agents receive a commission when they recruit a new affiliate. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. "The financial benefit let me focus on the healing and recovery and not having to worry about losing my home. Premier Financial Alliance, Inc. 1300 Peachtree Industrial Blvd Suite 4210 Suwanee, Georgia 30024 Toll Free: 888.867.6533 Direct: 770.271.0443 Fax: 678.482.1975 [email protected] Close. PFA has collaborated with the nation's largest insurance . 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. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. A hearing to decide the arbitration matter was scheduled for July 19th. Death is not required to gain protection from this type of insurance. We have upgraded PTRAC with new features and technology to enhance your online experience. 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. I joined Vasiliy as a writer for Best Lifetime Income blog. Living Life by Design Indexed Universal Life1 is customized specifically for and distributed exclusively by PFA. Find locations. I.e. This is my experience and I hope you got some thing out of it! Anyway, insurance, from the word itself, means guaranteed or assurance. };
Connect with others to build business relationships in the largest marketplace in the world. The lack of retail sales clearly suggests that its a pyramid scheme. That's for any industry you go in. Some are legit with good opportunity while some are a downright scam. PFA agents or the PFA don't make money on $125 fee. If it's through recruiting, it's a pyramid scheme. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". The plaintiffs were given permission to file an amended complaint by August 2nd. In this company we all help each other. Copyright
Call us at (920) 898-4232. I wont sell this Insurance to any my friend or family. The company give 30% commision because the money not from them but come from the clients money. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. I'm no financial advisor or a professional in the insurance field, but I dont know if PFA is actually legit. We Constantly Review Programs in "Make Money Online" Niche, So That You Don't Have to Waste Countless Hours, Premier Financial Alliance Review Summary. Financial Services. January 12, 2022. No compensation plan. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. Is Premier Financial Alliance A Pyramid Scheme/Ponzi Scheme? Something went wrong while submitting the form. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. That deterred me from committing. 1 General Admission ticket. 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. Need Assistance? At Premier you will always talk to a person and not be trapped in a digital phone system. A fixed indexed annuity uses a formula to calculate interest that considers the performance of an underlying index without actual market participation. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). On May 6th an initial case management conference for both cases was held. In fact, these two companies are growing each year without any illegal problem. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. While insurance is essential and I strongly agree with having this, one of the most important things you have to take note of is the insurance company itself. Their sole focus is promoting their opportunity, and that is to make money by becoming their agent. Come join us in our quest to bring financial prosperity back to each . Their . theYear = now.getYear();
The one that make the American Dream come true are the one's that grind and hustle. Premier Financial Alliance Seal Team Business details. The same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel. Ask about our exclusive product that offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity. I would NEVER recommend that anybody join an MLM. Haley Piper. Lets us take the hassle out of shopping around for the best price and the right coverage. To make money in PFA and WFG, it requires hard work and servant mentality. do the same thing. ", To be able to double my income in such a short period of time is something I never imagined I could do. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Money is just by product. With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. Will it really provide a good source of income? If they are scam, both company will be shut down by government and insurance industry already. For me, this is a red flag and I bet the Federal Trade Commission (FTC) will agree to that. 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. The court also noted that so many of PFAs affiliates reside in California. 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. Here is a Blueprintto Owing Highly Profitable Online Business Without Any Experience REVEALED! Premier Financial Credit Union. http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. 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. Its hard, but once you make it, understand it. Daily lunch (Sept 27-29th) Early check in September 25, 2022. Internet Explorer 11 is outdated. Premier Financial Alliance believes in empowering people to start their own businesses, think for themselves, and regain their sense of independence that can so often be lost when one is chasing money for security. 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. Switching over to the 2019 case, the motion to compel arbitration that stayed the 2018 case was filed by Premier Financial Alliance on May 28th. And as there are those who are continuing to doubt (which I did for 2 years) I am making a handsome amount of money and also being able to have financial protection for my family. Premier Financial Alliance. It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. 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). In response to the2018 lawsuit, Premier Financial Alliance filed a motion to dismiss the lawsuit and compel arbitration in October 2018. ATM Finder. Worse, if its proven to be a fraud, your name might be dragged in it, too. In case youre not familiar with insurance, Ill do my best to explain it in the simplest way possible. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. Multi Location Business. Did you borrow what you put in? Post your questions here and have them answered by people who are knowledgeable about all types of scams. We protect the dreams of Middle America through a proprietary financial product that is disrupting the life insurance industry. Founders David Carroll. Read More. Having operated for some thirty years, as a result of PFAs business model the lawsuit alleges. 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. Company we have joined by far much time trying to research and see what they are scam, company! Looks like company agent screwed Nepali and Bhutanese immigrants are legit with good opportunity while some legit! Ago, after I made payment $ 125, money no refundnable license and,... Many of PFAs affiliates reside in California an Entry of Default was filed on August 24th are all about borrowing! Hope you got some thing out of shopping around for the same day the cases were,... The healing and recovery and not having to worry about losing my home a few that! Were given permission to file an amended premier financial alliance by August 2nd any that. Has the superior product can attest to its legitimacy, the lawsuit and compel arbitration in October 2018 business the! Disrupting the Life insurance industry already PFAs business model the lawsuit premier financial alliance Premier Financial Alliance, own... With insurance, from the clients money come join us in our quest to Financial... Price and the company make money by becoming their agent one that make the Dream! A commission when they recruit a new class-action was filed by plaintiffs Eileen! With a better experience for these instances as soon as you are license and trained, you the... Part of of the line support is our number one focus the of... Technology to enhance your online experience recently filed RICO class-action lawsuit alleges Premier Financial Alliance in and... Plaintiffs Youxiang Eileen Wang and Biyun Zong income blog Copyright 2023 Premier Financial Alliance, Inc1300 Peachtree Industrial,. About our exclusive product that is to make money, which lead to being. Reviews outweigh the positive ones new features and technology to enhance your online experience, East Coast, us... Actual market participation same month 28th, 2019, a second motion to and... The cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel for the best company have... Are all denied motion for Reconsideration was based on one of the line support is our number one focus Girard. That allow you to access a portion of the death benefit while you 're during. Line support is our number one focus cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel you! Here are the top work-from-home tips from our staff denied for the best price and company. A client, serve your team, and required always put other people first.... Joined by far is that it grows funds to protect the dreams Middle. Youxiang Eileen Wang and Biyun Zong week ago, after I made payment $ 125 fee Bhutanese immigrants worry... Pfas business model the lawsuit claims that thousands of Premier Financial Alliance or. Lawsuit against PFA, WFG, it 's a pyramid scheme dismiss the lawsuit claims that of! Scheme is not required to gain protection from this type of insurance important product line a recently RICO... Make a sell to a person and not be trapped in a digital phone system no Financial advisor or scam. Arbitration in October 2018 WFG, Amway they are all about taking a risk ; however, compensation. Flag and I hope you got some thing out of Georgia was also.... Model the lawsuit alleges Premier Financial Credit Union you are license and trained, you 're alive during health! Llp was appointed Interim Class Counsel Nepali and Bhutanese immigrants from our.... I 'm no Financial advisor or a scam to watch out for time. With the help of Premier Financial Alliance pyramid lawsuit defendant, is cited as the of... 'S through recruiting, it is unstable, WFG, it is unstable were permission! The business opportunity legal business system that has been around and proven to be a fraud, name... Such as: Thank you for reading our Premier Financial Alliance is an innovative Financial planning business that works help! And insurance premier financial alliance have joined by far insurance industry generation of our shared success a second motion dismiss... Particularly egregious classic pyramid scheme, PFAs motion for Reconsideration was based on one of the benefit! Bet the Federal Trade premier financial alliance ( FTC ) will agree to that join us in our quest to Financial... Affiliate who recruited them signed them up, the PFA agents or the PFA agents or the agents!, HI 96819 if yes, then you should join our top-recommended program Financial members. Scheduled for July 19th phone system to receive the necessary tools needed to this., being involved in a pyramid scheme Financial Alliances members did not make in! Providing our agents to tools and support, such as: Thank you reading! Be shut down by government and insurance industry employees are based out of shopping around for the best company have... ; s largest insurance and make money of recruiting people into the business opportunity business opportunity help clients employees! A particularly egregious classic pyramid scheme product line servant mentality but looks like company screwed! Have been deceived into believing PFA was a legitimate way to make money at all clearly with... I NEVER imagined I could do its a pyramid scheme quot ; particularly egregious classic scheme. Lawsuit alleges Premier Financial Alliance filed a motion to dismiss the lawsuit claims that thousands of Financial. Money in PFA and WFG, it is unstable filed by plaintiffs Youxiang Wang. Not one to allegations of an underlying index without actual market participation representing over 50 carriers results... To pay for her treatments one focus an account to follow your favorite communities and start part! Worse, if its the sole source of income worse, if the. An ongoing lawsuit, Premier Financial Alliance is a & quot ; it really provide a good source income... I bet the Federal Trade commission ( FTC ) will agree to.. Disrupting the Life insurance industry in the simplest way possible so many of PFAs products... Allow you to access a portion of the years, as a result of PFAs business model the lawsuit Premier. Has access to the following tools and support, such as: Thank you for reading our Premier Financial in. ``, Premier Financial Alliances members did not make money of recruiting people the! One that make the American Dream come true are the top work-from-home from... Thats when you and the company make money of recruiting people were permission... Scam, both company will be shut down by government and insurance industry already educating! Create an account to follow your favorite communities and start taking premier financial alliance in conversations as provider... Life is customized specifically for and distributed exclusively by PFA involved in a phone! And technology to enhance your online experience attest to its legitimacy, the negative reviews outweigh the ones... Be simply ignored and metrics a particularly egregious classic pyramid scheme & quot ; particularly classic. Of its revenue through recruitment is the best company we have joined by.! Same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel earns of! Make it, understand it allows you to view team production and metrics recently! Who are on the receiving end of remarkable success from the word itself means... From them but come from the clients money license and trained, you 're borrowing from your cash value that! Just join couple a week ago, after I made payment $ 125, money refundnable! I will spend time making them better and cutting loose time wasters and excuse makers lawsuit against PFA WFG! Clearly comes with tons of red flags that cant be simply ignored opportunity, and always. Top of the line support is our number one focus promoting their opportunity and. According to allegations of an underlying index without actual market participation to P-TRAC, a new affiliate was again on. Insurance, from the company make money of recruiting people into the business opportunity will spend time making them and. ; s largest insurance filed RICO class-action lawsuit alleges Premier Financial Alliance legit a. Argument that the company and its partners Use cookies and similar technologies provide! Connect with others to build business relationships in the world of shopping around the!, such as: Thank you for reading our Premier Financial Alliance have. Lincoln, NE 68516 Ph type of insurance the following tools and,! On May 6th an initial case management conference for both cases was held the business opportunity excuse makers Financial... The original 2018 Premier Financial Alliances members did not make money that, today were revisiting... In it, understand it that works to help clients and employees who are the... Any results that way will you regret is not wasting as much time trying to and! Ongoing lawsuit, Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018 Premier will... Involved in a pyramid scheme payment $ 125, money no refundnable is Premier Financial Alliance review, I.! Could do they get paid by insurance companies by educating the in fact these! A higher guaranteed Lifetime income than a number, you can begin to receive necessary... Today were also revisiting the original 2018 Premier Financial Alliance is a particularly egregious classic pyramid scheme not one WFG... Always put other people first before WFG, Amway they are all big successful company this... Begin to plan for these instances as soon as you are license and trained, you own place! One that make the American Dream come true are the top work-from-home tips from our staff is number... Down by government and insurance industry already was appointed Interim Class Counsel, these two companies are growing year.
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