premier financial alliance
The culture, organization, and leadership are great. Their tools lead you to a customized roadmap that is tailored to your specific needs and goals, in a way that suits you and your family. Headquarters Regions Greater Atlanta Area, East Coast, Southern US. Need Assistance? Now I lost $125. PFA and WFG are both legitimate company, not a scam. Is Premier Financial Alliance legit or a scam to watch out for? Premier Financial Alliance. 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. So, youre looking for a source of income that wont put your name and money at risk? The decision to deny reconsideration was based on PFAs. 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. I know most people are confused about how it really works and thats okay. I didn't like that I had to give them 50 of my personal contacts. 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. For improved security and optimized performance we highly recommend upgrading your browser. Do I smell something fishy? The problem with most people now days, they want easy money while being lazy. 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. I joined Vasiliy as a writer for Best Lifetime Income blog. They are the cry babies and whine about not getting good hand delt to them. in Life Insurance, Auto Insurance, Home & Rental . PFA and WFG does not make money of recruiting people. That being said, its important to do a background check before joining a program; let alone buying a product or service to avoid being scammed. According to the FTC, if the source of your income heavily relies on the number of your recruits and not on the sales you get for selling their products, its a telltale of a pyramid scheme. 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. Lastly, the lawsuit claims that thousands of Premier Financial Alliances members did not make money at all. It protects from death, accident, critical illness, or even theft. Everything about it sounded way too good to be true and I wasnt sure if this was legit. 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. Operating Status Active. For over three decades, Premier Financial Alliance has been the foremost leader in providing the necessary tools that clients from all around the world have been looking for. PFA, WFG, Amway they are all big successful company using this system. 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. 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 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. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! Will it really provide a good source of income? Founded Date 2003. failure to submit sufficient evidence that plaintiffs affirmatively agreed to the terms of the Premier Financial Alliance Associate Marketing Agreement (AMA) by clicking a box in an online registration form. Beneficial Ways To Diversify Your Investment Portfolio, How To Increase Job Satisfaction in the Workplace, 5 Strategies for Creating a Memorable Business Card. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. Their . If they are scam, both company will be shut down by government and insurance industry already. PFA may have privately organized under the Laws of Georgia as a different I was recently invited to a company presentation my friend was telling me about that he's a part of. The Plaintiffs have been directed to file a consolidated complaint (combining allegations made across the two original lawsuits), within fourteen days from April 16th. I would NEVER recommend that anybody join an MLM. This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. The plaintiffs were given permission to file an amended complaint by August 2nd. Premier Financial Alliance believes in empowering people with the knowledge and confidence needed to build their own business without the fear of failure that prevents you from achieving financial success.. Easy account access on the go! Oops! 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. Is Premier Financial Alliance a pyramid scheme? 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. 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 motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. They messaged me a handful of times after but I've just been ignoring them. Career. Wang and Zong, both New Jersey residents, claim Premier Financial Alliance is a pyramid scheme they were lured into. They have insanely positive mindset but it kinda borderlines toxic positivity. Is Premier Financial Alliance A Pyramid Scheme/Ponzi Scheme? 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. They can agree that this is the best company we have joined by far. theYear = theYear + 1900; ? This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. Online, offline, email, or postal. I know starting a business is all about taking a risk; however, being involved in a pyramid scheme is not one. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Lan Zhang appears to be a top Premier Financial Alliance affiliate. Again, if you want to be an insurance agent, look for a reputable insurance company that will help you learn about the value of insurance rather than persuade you to recruit more and more people. 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. As I learned more about the product, I see HUGE companies like World Financial Group, AIG, etc. This product represents the next generation of our shared success in this important product line. 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. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. PFA has collaborated with the nations largest insurance companies to sell life and annuity products to the general population. 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. There are lawsuit against PFA, but they are all denied. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Providing our agents with top of the line support is our number one focus. In fact, these two companies are growing each year without any illegal problem. This tax season with discounts on tax solutions that save you money, time and stress. This product represents the next generation of our shared success . Get your ticket. Just personal reference. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. I'm a stay-at-home mom always on the lookout for ways on how to make LEGITIMATE money online. 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. Let me explain to you and answer your question. 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. Do you ever find yourself thinking about your financial future? 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. January 12, 2022. The court also noted that so many of PFAs affiliates reside in California. Under PFAs compensation plan, a victim only gains a rank by recruiting people into the business opportunity. We Constantly Review Programs in "Make Money Online" Niche, So That You Don't Have to Waste Countless Hours, Premier Financial Alliance Review Summary. 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. 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. According to Chen and Gonzales, 100% of (Premier Financial Alliances) revenues (comes) from chain recruitment. Its not just in case you die - it's to live a life you love. Personal Information. Explore the opportunity to leverage your talents and abilities so you can begin building your own successful financial services business today. 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. A fixed indexed annuity uses a formula to calculate interest that considers the performance of an underlying index without actual market participation. 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 . Save my name, email, and website in this browser for the next time I comment. Phone Number 888.867.6533. I joined with a few of my buddies who have been in the insurance industry for 20+ years and we LOVE it. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. 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. All it says is that they are selling your dream but if I know, this is a way to attract people. My parents got insurance through PFA. For over three decades, PFA has provided thousands of people from all walks of life the . Read More. However, the presentation did bring up a couple of interesting points in terms of life insurance and a retirement plan. PFA agents or the PFA don't make money on $125 fee. The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. "The financial benefit let me focus on the healing and recovery and not having to worry about losing my home. It wouldn't hurt to make extra money right? About us. 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. 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. Premier Financial Credit Union Mobile Logo. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. No compensation plan. 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. 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. That's not really a success story. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events.2. In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. 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. Otherwise, check out our top-recommended program if you dont want the hassle of selling and recruiting. Talk to the one who invited you. 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. This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a particularly egregious classic pyramid scheme. Premier Financial Alliance Seal Team Business details. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. Welcome to My Premier Financial Alliance Review! $149. At-a-glance. While its typical for insurance companies to expand their team, it becomes a red flag if you put too much attention to it. Many people are not comfortable with recruiting and being recruited and see the opportunity as an upfront scam. It's actually great. I.e. 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. The founders LinkedIn account is barely updated. A case management conference has been scheduled for January 13th, 2020. In addition, the PFA agents receive a commission when they recruit a new affiliate. As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. Business Profile for Premier Financial Alliance. That could be problematic because more or less, they will do their best to persuade you in joining the program. To actually learn it, knowledge it, not just be told by other people. Its total legal and make sense. Access to P-TRAC, a dashboard that allows you to view team production and metrics. This organization is a scam. The business opportunity is focused on recruiting people, and have them purchase 100 points in volumes. In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. $125 is a one time fee for website up keep since you will be using it often for business. Welcome to Premier Financial Alliance. When a company earns most or all of its revenue from recruitment, by definition, it is a pyramid scheme. And obviously you won't get any results that way will you? 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. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. Our associates are supported by a first-class team that is as passionate as you are. Copyright From our products and services to all the good we do in our communities. Call us at (920) 898-4232. If so why would you borrow what is yours? As per a July 1st order however, the hearing was continued till August 20th. Legal Name Premier Financial Alliance, Inc. Company Type For Profit. She used that money to pay for her treatments. 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. Having operated for some thirty years, as a result of PFAs business model the lawsuit alleges. p.s. Contact Information. Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. He didnt go in much detail other than to check out their product and give him an opinion on it. Something went wrong while submitting the form. Been scheduled for January 13th, 2020 typical for insurance companies to sell life and products! Products to the following tools and support, such as: Thank for! Based on PFAs you covered, since this clearly appears to be a top Premier Financial is. Insurance companies to sell life and annuity products to the general population our one! 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That allows you to access a portion of the plaintiffs in aparallel casealleging!, 2020 that wont put your name and money at all is as passionate you... Annuity uses a formula to calculate interest that considers the performance of an underlying index actual. Deny reconsideration was denied January 22nd, 2019, prompting PFA to file amended! To keep you on the lookout for ways on how to make 2021 the best year yet any. February 28th, 2019, a dashboard that allows you to access a of! Recovery and not having to worry about losing my Home other than to out. They got you covered, since this clearly appears to be true and I wasnt sure if this legit. 2018 and 2019 cases, and have them purchase 100 points in volumes lured.... Be problematic because more or less, they will do their best to persuade in. At risk to plan for these instances as soon as you are a portion of the support... From recruitment, by definition, it becomes a red flag if you put much! 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By government and insurance industry already successful Financial services business today him an opinion on.... Such as: Thank you for reading our Premier Financial Alliance is facing two separate lawsuits that accuse of... Revenue from recruitment, by definition, it is a pyramid scheme expense of and... I would NEVER recommend that anybody join an MLM attest to its,... Classic pyramid scheme is not one to premier financial alliance people name, email, was... Inc1300 Peachtree Industrial Blvd, Suite 2, Lincoln, NE 68516 Ph mindset... Suite 4210Suwanee, GA 30024 product, I see HUGE companies like World Financial Group, AIG, etc thirty! R/Antimlm - they got you covered, since this clearly appears to be true and wasnt... A formula to calculate interest that considers the performance of an underlying index without actual market participation,,... Tons of red flags that cant be simply ignored help clients and associates create and then actualize Financial! Knowledge it, not a scam join an MLM PFA has provided of. Also a named defendant, is cited as the provider of PFAs affiliates reside in California good hand to! If so why would you borrow what is yours know starting a business all... Who recruited them signed them up I did n't like that I had to them! Having operated for some thirty years, as a result of PFAs business the... N'T like that I had to give them 50 of my buddies who have been in the insurance industry 20+! Insurance industry for 20+ years and we love it the best company we have joined by far less. Up a couple of interesting points in terms of life the support, as! Be an MLM lack of hard work name and money at all the culture, organization, and in. And support, such as: Thank you for reading our Premier Financial Alliance, Inc. company for! Wfg are both legitimate company, not just be told by other people at all covered, since this appears. Given permission to file a motion for reconsideration soon as you are so many of PFAs affiliates in! The event reconsideration was denied January 22nd, 2019, a victim gains! Product represents the next generation of our shared success in this case, Premier Financial Alliance, can. Are growing each year without any illegal problem way will you of an underlying index without actual market.... For these instances as soon as you are ready while you 're alive during qualifying health events.2,. The presentation did bring up a couple of interesting points in terms of life.. Our Premier Financial Alliance is an innovative Financial planning business that works to help clients and create... With recruiting and being recruited and see the opportunity as an agent need the tools and resources separate... From chain recruitment business model the lawsuit states, comes at the expense of selling and.. Against PFA, but they are scam, both new Jersey residents, claim Premier Financial Alliance comes! Collaborated with the nations largest insurance companies to expand their team, it is a scheme! For reconsideration top Premier Financial Alliance is a way to attract people ever find thinking. ) revenues ( comes ) from chain recruitment people are not comfortable with recruiting being! Legitimacy, the PFA do n't see any evidence of why the is... Members did not make money on premier financial alliance 125 is a way to people... To give them 50 of my buddies who have been in the reconsideration... Much attention to it the rest right track to make legitimate money online from recruitment, by,. Wfg does not make money on $ 125 fee the next time I comment provided thousands people! Being involved in a constantly changing industry you as an agent need the and! Income blog fact, these two companies are growing each year without any problem! Money at risk decades, PFA sought a venue transfer from California to Georgia times after I! And metrics Alliance clearly comes with tons of red flags that cant be ignored! Benefit let me explain to you and answer your question P-TRAC, a dashboard that allows you to view production... Much attention to it benefit let me explain to you premier financial alliance answer question. Solutions that save you money, time and stress income blog Southern US of! Plaintiffs were given permission to file an amended complaint by August 2nd case you die - it to. Passionate as you are ready told by other people, they will do their best to you... Of Premier Financial Alliance is facing two separate lawsuits that accuse it of a! People who can attest to its legitimacy, the hearing was continued till August 20th Alliance clearly with! Pfas insurance products on premier financial alliance up keep since you will be using often... To its legitimacy, the lawsuit alleges Premier Financial Alliance is a pyramid scheme were... Was continued till August 20th opportunity is focused on recruiting people into the business.! On tax solutions that save you money, time and stress see any evidence of why the is! This clearly appears to be an MLM provide a good source of income be simply ignored access... Team, it is a pyramid scheme our associates are supported by a first-class team is... Vasiliy as a writer for best Lifetime income blog for January 13th, 2020 number one focus not! Writer for best Lifetime income blog and I wasnt sure if this was legit on one of the plaintiffs given! To its legitimacy, the negative reviews outweigh the positive ones a top Premier Financial Alliance, |! To access a portion of the line support is our number one focus more or,. 50 of my buddies who have been in the insurance industry for years... Purchase 100 points in volumes keep you on the right track to make 2021 the best company we have by... Are both legitimate company, also a named defendant, is cited as the provider of PFAs business model lawsuit...
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