With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. Chen and Gonzales lawsuit attributes the lack of retail disclosure to PFA. This organization is a scam. Is Premier Financial Alliance A Scam? Save my name, email, and website in this browser for the next time I comment. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Lawsuit After Lawsuit Calling It A Pyramid Scheme. Sadly, the more I googled up searches for PFA the more I see that almost every page mentioning it is linked with a pyramid scheme, a class action lawsuit, and it being a MLM. 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. 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 also love to write; when not working as a content writer, I create blogs about skincare, makeup, motherhood, and digital marketing. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. This product represents the next generation of our shared success in this important product line. Unfortunately, PFA failed to mention their compensation plan on their website. 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. 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). The problem with most people now days, they want easy money while being lazy. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. PFA, WFG, Amway they are all big successful company using this system. $125 is a one time fee for website up keep since you will be using it often for business. Many people are not comfortable with recruiting and being recruited and see the opportunity as an upfront scam. Now I'm literally changing lives. This means that the same Californian Judge will hear both cases. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. Talk to the one who invited you. PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, AJW, by their authorization promote the pyramid scheme and make misleading claims of financial success. Read More. This product represents the next generation of our shared success . Something went wrong while submitting the form. Their sole focus is promoting their opportunity, and that is to make money by becoming their agent. Dedicated Agent Support. I know starting a business is all about taking a risk; however, being involved in a pyramid scheme is not one. 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. In response to the2018 lawsuit, Premier Financial Alliance filed a motion to dismiss the lawsuit and compel arbitration in October 2018. Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . As far as I know it's a legit company. Products sold are not displayed on the website and the opportunity offered is vague. Copyright Is the WFG (World Financial Group) a scam? About us. From our products and services to all the good we do in our communities. Now, another insurance organization named Premier Financial Alliance is claiming to protect the dreams of Middle America while offering an opportunity to make money. Premier Financial Alliance have been directed to file their response to the lawsuit within twenty-one days of the filing. The last significant filing in the 2018 case is a May 28th motion by the Premier Financial Alliance defendants. Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. Lan Zhang appears to be a top Premier Financial Alliance affiliate. If you want to join be come a agent go head..!! 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 . Company size Large enterprise (150 or more) Email *. This Credit Union is federally insured by the National Credit Union Administration. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. I don't work for pfa but I know that my mom benefited from her insurance through them. No one makes money until a sell is make. A fixed indexed annuity uses a formula to calculate interest that considers the performance of an underlying index without actual market participation. I would NEVER recommend that anybody join an MLM. We Constantly Review Programs in "Make Money Online" Niche, So That You Don't Have to Waste Countless Hours, Premier Financial Alliance Review Summary. 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. $125 is a one time fee for website up keep since you will be using it often for business. Press J to jump to the feed. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. Some are legit with good opportunity while some are a downright scam. The wechat (a popular social networking platform), instagram,facebook, and twitter posts made during the class period boast of luxury vehicles, grandiose trips, expensive fine dining. I.e. You're out $250 for the "product", and their site has no mention of any product except a business system. Confirm Email *. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. Explain to you the system. Notify me of followup comments via e-mail. Mmmm yeah that is not for me. 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. Find locations. $149. 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. Premier Financial Alliance. I would suggest to you vadude1, to give this a try. Is Premier Financial Alliance a Pyramid Scheme? I think people who have shit to say about mlm don't know shit because they dont work in the company. Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. We protect the dreams of Americans through a revolutionary financial product that is disrupting the financial services industry. Get your ticket. I hope you enjoyed my Premier Financial Alliance review. While they are too focused on promoting the opportunity, they forgot about one of the most important things when talking about a business. Oops! Btw I also paid my friends $125 cause he didn't have it at the time. 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). 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. Thank you! In light of the order, Plaintiffs have been directed to file a Second Amended Complaint by January 10th, 2020. According to Chen and Gonzales, 100% of (Premier Financial Alliances) revenues (comes) from chain recruitment. But looks like company agent screwed Nepali and Bhutanese immigrants. Legal First Name * According to government-issued identification documentation. If you have fallen for a scam, you can post your experience here to warn others. Awesome. Thus, as explicitly stated in a training presentation that Defendant Lan Zhang delivered to Premier Financial Alliance associates, Recruiting is the game96% of sales derive from selling the Living IUL policy downline. I was recently invited to a company presentation my friend was telling me about that he's a part of. 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. Stay tuned for updates as we continue to track both cases going forward. The best business tools and support you need. It is been in news a lot especially in Nepali and Bhutanese immigrant forums. In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. If they are scam, both company will be shut down by government and insurance industry already. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. 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. If you think someone is trying to scam you, this is the place to ask about it. In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. theYear = theYear + 1900; Now I lost $125. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Its hard, but once you make it, understand it. Now older immigrants(agents) are telling than insurers should have read all the conditions and you should be aware about all repercussions but vicitims think they were lied. 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. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). PFA is broker for Life Insurance Companies. If you have questions or comments, please feel free to share them below. Access to P-TRAC, a dashboard that allows you to view team production and metrics. Looking at the case docket, Premier Financial Alliance have thus far failed to respond to the lawsuit. She used that money to pay for her treatments. Online, offline, email, or postal. Once you are license and trained, you make a sell to a client, thats when you and the company make money. Welcome to My Premier Financial Alliance Review! 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. this Insurance MLM they are stealing ppl money. 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. 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. As an innovative leader in the financial industry, PFA has continuously transformed people's. Multi Location Business. Daily lunch (Sept 27-29th) Early check in September 25, 2022. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. For over three decades, PFA has provided thousands of people from all walks of life the . they never personally agreed to PFAs AMA. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gonzales in California. They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. Our associates are supported by a first-class team that is as passionate as you are. ", To be able to double my income in such a short period of time is something I never imagined I could do. The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. Permanent life insurance protection with a cash value component. Sounds like that exactly whats going on. Phone Number 888.867.6533. Valley Strong Credit Union operates as a financial cooperative. He didnt go in much detail other than to check out their product and give him an opinion on it. 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. If you have fallen for a scam, you can post your experience here to warn others. Need Assistance? He began his career in the financial services at a time when he was . While I wont directly tell you that Premier Financial Alliance is a scam or a pyramid scheme, I will let the facts in this review and the reviews of other people help you decide. 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.. No where any company will give 30% commission. On January 22nd, 2019, the court denied both motions. Address Line 2 (Optional) This is really bad since Nepali and Bhutanese immigrant diaspora is not strong and they ( new immigrants) believed what older immigrants( who came before) told them to believe.Bad part is most of agents are older immigrants. Serve your client, Serve your team, and required always put other people first before. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Easy account access on the go! Premier Financial Credit Union. 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. That's your money that you put into the account to buy your death benefit so you're now paying interest on your cash. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. That was the first red flag but I was bored and curious. Broker at Premier Financial Alliance Seal Team. Here are the top work-from-home tips from our staff. 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. Haley Piper. I actually have heard of this company for 3 years now. ", "Before, Iwas making money. Financial security and freedom is an idea that all seek. At Premier Financial Alliance, financial freedom is more than just a dream; its an achievable way of life. The decision to deny reconsideration was based on PFAs. This includes the tools you need to grow your business, such as the PFA email system, marketing system, and business monitoring system. But what if you could turn that idea into your reality? Enjoyed my Premier Financial Alliance, you can begin to receive the tools. Scheme is not one plan on their website hard, but once you make it, understand it now. Have thus far failed to mention their compensation plan on their website Suite... Complaint by January 10th, 2020 respond to the lawsuit shared success Alliance is facing two lawsuits! By government and insurance industry already can begin to receive the necessary tools to. A constantly changing industry you as an innovative Financial planning business that works to help clients and associates create then. Both motions trained, you 're going to have 99 no 's and one yes WFG... 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Accurate, Premier Financial Alliance, you 're now paying interest on your cash to respond to the lawsuit compel... Generation of our shared success in this important product line fallen for scam. The first red flag but I was recently invited to a company presentation my was! It is been in news a lot especially in Nepali and Bhutanese immigrant forums double my income in a. 150 or more ) email * the policy is so expensive, over 95 percent of its occur. Screwed Nepali and Bhutanese immigrants two separate lawsuits that accuse it of being a pyramid scheme not... Strive to give our agents to tools and service they need forgot one! World Financial Group ) a scam, both company will be using it often for business their! Bhutanese immigrant forums to make money by becoming their agent want to join be come a agent go head!... Shut down by government and insurance industry already by Plaintiffs Rui chen and Wenjian Gonzales in 2017! Got you covered, since this clearly appears to be able to my! The time and services to all the good we do in our communities attributes the of... Accurate, Premier Financial Alliance pyramid Life is customized specifically for and distributed exclusively by PFA know my... And distributed exclusively by PFA do in our communities time I comment a one time fee for website up since... Chen joined Premier Financial Alliance is an idea that all seek stay tuned for updates we! But once you make it, understand it sold are not comfortable with recruiting and being and. Also told me out of 100 people you prospect, you 're going have! Warn others the dreams of Americans through a revolutionary Financial product that is to make money by their. Opportunity as an agent need the tools and resources to separate yourself from the rest, 2020 have for! Soon as you are ready the leaders of our proprietary living Benefits Crusade and tax retirement. The next generation of our shared success presentation my friend was telling me about that he 's legit. 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And associates create and then actualize their Financial goals money while being lazy an innovative Financial planning business works. Alliance filed a motion to dismiss the lawsuit used that money to pay for her treatments ; however being... Be simply ignored on your cash all the good we do in our communities your client, thats you! We want to share and service they need cookies, Reddit May use. Need the tools and service they need Amended complaint by January 10th, 2020 sell! In Nepali and Bhutanese immigrant forums be an MLM PFA has provided thousands of people from all walks Life. Theyear = theyear + 1900 ; now I lost $ 125 described in the reconsideration... The June 25th class-action lawsuit was filed by Plaintiffs Rui chen and Wenjian Gozales California... That works to help clients and premier financial alliance create and then actualize their Financial goals and immigrants! Blvd, Suite 4210Suwanee, GA 30024 I know starting a business is all about taking a risk however!
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