PFAis leading the way in the cause to educate Americans about the Living Benefits story. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. Online, offline, email, or postal. There are many types of insurance though so be sure to understand what you are getting first and its entire coverage to avoid confusion. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". 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. Having operated for some thirty years, as a result of PFAs business model the lawsuit alleges. 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. Because of the reputation it has. Company size Large enterprise (150 or more) The trick to MLM is to sign up underlings that can pay the fee. do the same thing. I think people who have shit to say about mlm don't know shit because they dont work in the company. But hey, everyone has to start sometime right? 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. Serve your client, Serve your team, and required always put other people first before. Did you borrow what you put in? PFA and WFG are both legitimate company, not a scam. That's not really a success story. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! Financial security and freedom is an idea that all seek. 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. C2820332, that currently does business at 8000 Marina Blvd., Ste. 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.. 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. ? Haley Piper. So why don't we? Post your questions here and have them answered by people who are knowledgeable about all types of scams. Life Insurance. He began his career in the financial services at a time when he was . Chen and Gonzales lawsuit attributes the lack of retail disclosure to PFA. A cost-effective option for individuals who seek coverage for a predetermined period of time. 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. Learn More . Legal Name Premier Financial Alliance, Inc. Company Type For Profit. I know starting a business is all about taking a risk; however, being involved in a pyramid scheme is not one. All rights reserved. The PFA lawsuit is still playing out. For one, if its the sole source of income, it is unstable. The decision to deny reconsideration was based on PFAs. 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 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. However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. Wang and Zong, both New Jersey residents, claim Premier Financial Alliance is a pyramid scheme they were lured into. So I have nothing bad to say about them. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. If you are interested in becoming a High Ticket Super Affiliate, click on the link below to watch a Free Presentation that will reveal the formula 2021 by Best Lifetime Income Corp. All rights reserved. In light of the order, Plaintiffs have been directed to file a Second Amended Complaint by January 10th, 2020. This product represents the next generation of our shared success in this important product line. That's the problem with this product, you're borrowing from your cash value. Living Life by Design Indexed Universal Life1 is customized specifically for and distributed exclusively by PFA. 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. January 12, 2022. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. This is our shared vision. 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. In short , agents sold their trust to get rich on expense of new immigrants. Now, another insurance organization named Premier Financial Alliance is claiming to protect the dreams of Middle America while offering an opportunity to make money. PFA and WFG are both legitimate company, not a scam. Premier Financial Credit Union Mobile Logo. 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. Download the Mobile App. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events. J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). Easy account access on the go! 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. Phone Number 888.867.6533. this Insurance MLM they are stealing ppl money. A hearing to decide the arbitration matter was scheduled for July 19th. Suite 289. Do I smell something fishy? In this company we all help each other. ", "You're never too young for life insurance. they will earn vast wealth, luxury vehicles, and lavish trips when in reality more than 95% of PFA Associates average net losses. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. Founders David Carroll. At Premier Financial Alliance, financial freedom is more than just a dream; its an achievable way of life. That could be problematic because more or less, they will do their best to persuade you in joining the program. If recruitment stops, so does your profit. Life insurance you don't have to die to use - it just makes sense. Honestly, I dont see anything to like about Premier Financial Alliance. 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. The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. For me, this is a red flag and I bet the Federal Trade Commission (FTC) will agree to that. You can check more insurance companies here. This is my experience and I hope you got some thing out of it! However, if I were to choose an insurance company that Ill become an affiliate with, PFA will not be on my list. A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. 132 were here. This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. Need Assistance? This tax season with discounts on tax solutions that save you money, time and stress. Phone number *. However, the presentation did bring up a couple of interesting points in terms of life insurance and a retirement plan. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. Lets say the compensation was attractive but whats the truth in all this? 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. As an innovative leader in the financial industry, PFA has continuously transformed people's. If they are scam, both company will be shut down by government and insurance industry already. $149. Notify me of followup comments via e-mail. Product Type: Multi-Level Marketing Company, Price: $125 For The Membership Fee And Tools. They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. Email *. 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. A specific example cited in the lawsuit is a representation allegedly made by PFA, by which. PFA swag bag and shirt. Internet Explorer 11 is outdated. }; PFA, WFG, Amway they are all big successful company using this system. Just personal reference. If you have fallen for a scam, you can post your experience here to warn others. In this post, well talk about an insurance organization called Premier Financial Alliance and why its making noise online. 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? However, this doesnt cover the other expenses when you want to be a legit insurance agent. 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. 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). The one that make the American Dream come true are the one's that grind and hustle. Daily lunch (Sept 27-29th) Early check in September 25, 2022. Let me explain to you and answer your question. 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. Online, offline, email, or postal. For improved security and optimized performance we highly recommend upgrading your browser. Even thou comission 50% I wont do it because I feel guilty by stealing ppl money. A different approach: Life insurance you don't have to die to use. 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. 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. Unfortunately, PFA failed to mention their compensation plan on their website. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. I joined with a few of my buddies who have been in the insurance industry for 20+ years and we LOVE it. At Premier you will always talk to a person and not be trapped in a digital phone system. Our associates are supported by a first-class team that is as passionate as you are. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. 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. If you want to join be come a agent go head..!! You're out $250 for the "product", and their site has no mention of any product except a business system. PFA agents or the PFA don't make money on $125 fee. We are a Insurance Broker representing over 50 carriers. 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. It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. 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. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. Worse, if its proven to be a fraud, your name might be dragged in it, too. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Other drawbacks are more than enough to tell you to ditch this company and look for a better option instead. Explore the opportunity to leverage your talents and abilities so you can begin building your own successful financial services business today. Honolulu, HI 96819-1826. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. ATM Finder. Based on the evidence submitted, the court ruled that the Premier Financial Alliance defendants had failed to establish the existence of an agreement to arbitrate. The lack of retail sales clearly suggests that its a pyramid scheme. 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. She used that money to pay for her treatments. They messaged me a handful of times after but I've just been ignoring them. I believe and know now that PFA has the superior product. If you pay for them, you ruin your only profit line. 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. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. 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. No compensation plan. 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. If financial freedom means free of finances, then you are well on your way. As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. 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. I.e. MLM is legal business system that has been around and proven to be very efficient. Legal Last Name * According to government-issued identification documentation. Headquarters Regions Greater Atlanta Area, East Coast, Southern US. PFA has collaborated with the nations largest insurance companies to sell life and annuity products to the general population. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. About us. It's actually great. I actually have heard of this company for 3 years now. Valley Strong Credit Union operates as a financial cooperative. The motion requests permission to seek reconsideration of the earlier arbitration denial decision, or in the alternative a transfer of the case to Georgia. Reddit and its partners use cookies and similar technologies to provide you with a better experience. A 2016 video cites Zhang as a Premier Financial Alliance President, and depicts her receiving a special birthday present from PFA founder and CEO, David Carroll. Read More. Is Premier Financial Alliance a Pyramid Scheme? "The financial benefit let me focus on the healing and recovery and not having to worry about losing my home. $125 is a one time fee for website up keep since you will be using it often for business. 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 . You don't know what you are talking about. Contact Information. If you have fallen for a scam, you can post your experience here to warn others. PFA and WFG does not make money of recruiting people. p.s. There were a couple companies that I was also invited to due to a friend and a family friend, but I didnt bother joining as I wasnt that interested at the time. If so why would you borrow what is yours? The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. Some are legit with good opportunity while some are a downright scam. Premier Financial Alliance Compensation Plan. 1 General Admission ticket. PFA agents or the PFA don't make money on $125 fee. Operating Status Active. Are you making money by recruiting people to sell whatever it is they're selling? 112 were here. My only regret is not wasting as much time trying to find the "problem,"but to have started earlier. Nowadays, people can sue people, company sue company every day. The court also noted that so many of PFAs affiliates reside in California. This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. At Premier Financial Credit Union you are more than a number, you own the place! Oops! They are the cry babies and whine about not getting good hand delt to them. At Premier you will always talk to a person and not be trapped in a digital phone system. I hope you enjoyed my Premier Financial Alliance review. Its not just in case you die - it's to live a life you love. PFA is broker for Life Insurance Companies. Financial Services. January 12, 2022. That's your money that you put into the account to buy your death benefit so you're now paying interest on your cash. Products sold are not displayed on the website and the opportunity offered is vague. 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.. Providing our agents with top of the line support is our number one focus. they never personally agreed to PFAs AMA. While its typical for insurance companies to expand their team, it becomes a red flag if you put too much attention to it. From our products and services to all the good we do in our communities. For over three decades, Premier Financial Alliance has helped thousands of people reach their sought after financial independence. That was the first red flag but I was bored and curious. Is Premier Financial Alliance legit or a scam to watch out for? 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. Affiliate membership requires payment of a $125 fee. Call us at (920) 898-4232. Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. 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. All it says is that they are selling your dream but if I know, this is a way to attract people. The best business tools and support you need. Read More. The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. On December 19th, PFAs Motion for Reconsideration was also denied. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. Looking at the case docket, Premier Financial Alliance have thus far failed to respond to the lawsuit. To join PFA, you have to pay a non-refundable amount of $125. Only difference? Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. Explain to you the system. 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. On January 22nd, 2019, the court denied both motions. If they are scam, both company will be shut down by government and insurance industry already. 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 . 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. Find company research, competitor information, contact details & financial data for Premier Financial Alliance, Inc. of Suwanee, GA. Get the latest business insights from Dun & Bradstreet. Anyway, insurance, from the word itself, means guaranteed or assurance. 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. But what if you could turn that idea into your reality? 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. The goal is to provide you a reliable resource you can use to decide whether the opportunity is a scam or not. I would NEVER recommend that anybody join an MLM. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. Community. 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. This product represents the next generation of our shared success . Welcome to Premier Financial Alliance. We believe life insurance should benefit you while you're alive - not just in death. In case youre not familiar with insurance, Ill do my best to explain it in the simplest way possible. BehindMLMreviewed Premier Financial Alliancein 2016. Address Line 1 *. Create an account to follow your favorite communities and start taking part in conversations. A fixed indexed annuity uses a formula to calculate interest that considers the performance of an underlying index without actual market participation. How Much To Join Premier Financial Alliance? Post your questions here and have them answered by people who are knowledgeable about all types of scams. Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . Talk to the one who invited you. Money is just by product. I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. This naturally raised the question of what Premier Financial Alliances core priority was. Lan Zhang appears to be a top Premier Financial Alliance affiliate. Is he supposed to have used a life insurance for that? Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. Both claim to have been deceived into believing PFA was a legitimate way to make money. You get set up with a trainer, get a product and compliance education, and learning the turn key system. Their . They get paid by insurance companies by educating the public and submitting policies for clients. Is Premier Financial Alliance A Pyramid Scheme/Ponzi Scheme? They are obviously doing something right. 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. Founded in, 2021 headquarterlocation.com. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. Our product and platform create an opportunity for financial services professionals to grow their own business with very little startup costs. Your submission has been received! On the original 2018 pyramid scheme case docket, an administrative motion was filed on March 19th. Thank you! PFA may have privately organized under the Laws of Georgia as a different The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. To make money in PFA and WFG, it requires hard work and servant mentality. 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. The same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. At Premier Financial Credit Union you are more than a number, you own the place! I also love to write; when not working as a content writer, I create blogs about skincare, makeup, motherhood, and digital marketing. Top 6 Working From Home Tips and Tricks. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. Save my name, email, and website in this browser for the next time I comment. 1st client get 30% commission. You get set up with a trainer, get a product and compliance education, and learning the turn key system. Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. We protect the dreams of Americans through a revolutionary financial product that is disrupting the financial services industry. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". 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. In 2008, we joined forces with National Life to distinguish ourselves in the insurance industry. 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 was recently invited to a company presentation my friend was telling me about that he's a part of. Premier Financial Alliance sells financial products, such as life and annuity insurance. 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. According to Chen and Gonzales, 100% of (Premier Financial Alliances) revenues (comes) from chain recruitment. 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. 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. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). 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. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme".