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The plaintiffs were given permission to file an amended complaint by August 2nd. BehindMLMreviewed Premier Financial Alliancein 2016. While there really is money in becoming an insurance agent, and by that I mean massive commissions, the legit IC Ive seen compensates their members for selling their products. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). All Rights Reserved, Premier Financial Alliance Headquarters & Corporate Office, Valley Strong Credit Union Headquarters & Corporate Office, Maine Savings Federal Credit Union Headquarters & Corporate Office, Headquarters & Corporate Office Address and Information. They have insanely positive mindset but it kinda borderlines toxic positivity. Recruitment is wrong for many reasons. However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. That's for any industry you go in. Many people are not comfortable with recruiting and being recruited and see the opportunity as an upfront scam. But what if you could turn that idea into your reality? 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. No where any company will give 30% commission. The best business tools and support you need. All rights reserved. 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 ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Nowadays, people can sue people, company sue company every day. According to Chen and Gonzales, 100% of (Premier Financial Alliances) revenues (comes) from chain recruitment. It wouldn't hurt to make extra money right? Both claim to have been deceived into believing PFA was a legitimate way to make money. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. 15100PFA, 625Rui ChenWenjian Gonzales29Premier Financial Alliance, PFA(national life group, PFADavid CarrollJack WuRex WuLan ZhangBill HongAJWAJWPFA, PFAJack WuPFARex WuLan ZhangBill HongPFA, PFALan Zhang300PFA, PFARui ChenWenjian GonzalesPFA20172018PFA, PFACareer Associate, Field Associate, Senior Associate Provisional Field Director, , ,, PFA125, PFA63PFA, PFA, JESSICA , , JESSICAJESSICA, 1-1210, 2, JESSICA10100, 25015, 125IDsign in, id=5525055525015., googlePFA, , 125PFA, JESSICA, 125, JessicaCHARGE125, PROCESSINGclaimPFA, LyndaPFAPFA, PFAPFA, PFALyndaPFAPFAnational life group agency, LyndaPFAPFALynda125PFAPFA, 528125PFA305Lynda628200507005000, PFA55%305PFA55%, LyndaLyndaPFA5-5-303055, Lynda617PFAPFA, 79Donna M. Ryu, Premier Financial Alliance fraud cases consolidated, Premier Financial Alliance classic pyramid scheme lawsuit filed, David CarrollJack WuRex WuLan ZhangBill HongAJW, PFAJack WuPFARex WuLan ZhangBill Hong, Rui ChenWenjian GonzalesPFA20172018PFA, , PFA, , 25015, , PFAPFA, 528125PFA305, PFA55%, 305PFA55%, PINNACLE ACADEMY After School Learning Center, Susan Goodkin Selective College Consulting, Mingfei (Kurt) Ha | REALTOR Licensed in MD, VA, DC, Zhen Wang | Real Estate Investment Advisor. Worse, if its proven to be a fraud, your name might be dragged in it, too. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. 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. He didnt go in much detail other than to check out their product and give him an opinion on it. In addition, the PFA agents receive a commission when they recruit a new affiliate. Is the WFG (World Financial Group) a scam? Need Assistance? Welcome to My Premier Financial Alliance Review! Oops! The PFA lawsuit is still playing out. However, if I were to choose an insurance company that Ill become an affiliate with, PFA will not be on my list. This means that the same Californian Judge will hear both cases. 112 were here. Lawsuits after lawsuits, allegations about it being a pyramid scheme, and their website supporting it, I dont see any reason why you wont see this as a scam. 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. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. 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. The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. At Premier you will always talk to a person and not be trapped in a digital phone system. The lack of retail sales clearly suggests that its a pyramid scheme. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. whether Defendants are operating an endless chain; whether Defendants omitted to inform the Plaintiff and the plaintiff class that they were entering into an illegal scheme where an overwhelming number of participants lose money; whether PFAs statements of income during the Class Period were deceptive and misleading; whether PFAs conduct constitutes an unlawful, unfair and/or deceptive trade practice under California state law; whether PFAs conduct constitutes unfair competition under California state law; whether PFAs conduct constitutes false advertising under California state law and; whether the Defendants violated the Department of Insurance Guidelines in representing the benefits under a policy and/or underwriting. I actually have heard of this company for 3 years now. Phone Number 888.867.6533. Some are legit with good opportunity while some are a downright scam. Ask about our exclusive product that offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity. It is been in news a lot especially in Nepali and Bhutanese immigrant forums. Lan Zhang appears to be a top Premier Financial Alliance affiliate. Haley Piper. 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. The court also noted that so many of PFAs affiliates reside in California. HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . Welcome to Premier Financial Alliance. On May 6th an initial case management conference for both cases was held. I hope you enjoyed my Premier Financial Alliance review. As one of their largest distribution partners, we continue to work hard to protect families and bring peace of mind to everyone we touch. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. Other drawbacks are more than enough to tell you to ditch this company and look for a better option instead. Just personal reference. 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. Learn More . Awesome. 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. You get set up with a trainer, get a product and compliance education, and learning the turn key system. A specific example cited in the lawsuit is a representation allegedly made by PFA, by which. Defendant Premier Financial Alliance, Inc. ("PFA") is a suspended California Corporation, Entity No. With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. Its hard, but once you make it, understand it. uChoose Rewards I joined Vasiliy as a writer for Best Lifetime Income blog. 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. Company size Large enterprise (150 or more) I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. Financial Calculators. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. Anyway, insurance, from the word itself, means guaranteed or assurance. For 2 of the years, I was trying to research and see what they are all about. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. Your submission has been received! Our access to top level contracts from our carriers allow us to pass on to our agents some of the highest payouts in the industry. Talk to the one who invited you. June 25, 2018. 1st client get 30% commission. theYear = now.getYear(); 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. This is my experience and I hope you got some thing out of it! PFA and WFG does not make money of recruiting people. In response to Plaintiffs Rui Chens and Wenjian Gozales pyramid scheme lawsuit, Premier Financial Alliance attempted to compel arbitration. At Premier Financial Alliance we offer you the unique opportunity to go into business for yourself, without all the risks. In this company we all help each other. 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. do the same thing. Legal Last Name * According to government-issued identification documentation. That was the first red flag but I was bored and curious. The trick to MLM is to sign up underlings that can pay the fee. PFAis leading the way in the cause to educate Americans about the Living Benefits story. Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. You can also subscribe without commenting. If recruitment stops, so does your profit. 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. Headquarters Regions Greater Atlanta Area, East Coast, Southern US. No marketing is done to retail customers. ATM Finder. 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. C2820332, that currently does business at 8000 Marina Blvd., Ste. January 12, 2022. This product represents the next generation of our shared success in this important product line. Life Insurance. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. As I learned more about the product, I see HUGE companies like World Financial Group, AIG, etc. On the original 2018 pyramid scheme case docket, an administrative motion was filed on March 19th. My parents got insurance through PFA. 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. 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. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. This product represents the next generation of our shared success . Our associates are supported by a first-class team that is as passionate as you are. This includes the tools you need to grow your business, such as the PFA email system, marketing system, and business monitoring system. I cant stress enough the importance of knowing the details about their compensation plan before going into the opportunity. January 12, 2022. Founders David Carroll. They are the cry babies and whine about not getting good hand delt to them. Confirm Email *. So I went to one of their interest meetings and was really interested by the product and the company so I joined with a fee of $125, I just wanted to know if anyone else had heard of them. 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. Is Premier Financial Alliance legit or a scam to watch out for? 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. Premier Financial Credit Union. Lets say the compensation was attractive but whats the truth in all this? The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. Did you borrow what you put in? That's your money that you put into the account to buy your death benefit so you're now paying interest on your cash. 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. ", "Before, Iwas making money. 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. Manages clients' investments, helps them buy and sell stocks and bonds, assists with tax planning, etc. Otherwise, check out our top-recommended program if you dont want the hassle of selling and recruiting. Financial security and freedom is an idea that all seek. Multi Location Business. 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. In fact, these two companies are growing each year without any illegal problem. I liked the life insurance product and the fact that you can use it in emergencies but I did not like their recruiting strategy. Their three pillars- knowledge, power, and success- are a major part of what makes Premier Financial Alliance the longstanding success it is today. What Is Premier Financial Alliance About? 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. A different approach: Life insurance you don't have to die to use. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Call us at (920) 898-4232. Chen and Gonzales lawsuit attributes the lack of retail disclosure to PFA. Permanent life insurance protection with a cash value component. Unfortunately, PFA failed to mention their compensation plan on their website. Sounds like that exactly whats going on. Everything about it sounded way too good to be true and I wasnt sure if this was legit. Email *. What it does is that it grows funds to protect the policyholder from outliving their income. That's not really a success story. The decision to deny reconsideration was based on PFAs. Only difference? And obviously you won't get any results that way will you? Recruitment is a part of their system; however, if the attention is put heavily on this, it becomes a red flag. Thank you! PFA, WFG, Amway they are all big successful company using this system. This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. 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. Btw I also paid my friends $125 cause he didn't have it at the time. As long as you are willing to learn about it, I dont see any problem at all. Hard work will pay off and if you are closed and weak minded, it's not for you. Read More. What is described in the lawsuit of PFA business model is that of your typical autoship recruitment scheme. This naturally raised the question of what Premier Financial Alliances core priority was. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Although prospective associates are told they will be able to maintain their own insurance business, the policy bought and sold through the pyramid is significantly overpriced. Suite 289. 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). Another reason is that its challenging. PFA may have privately organized under the Laws of Georgia as a different From chain recruitment anywhere remotely accurate, Premier Financial Alliances core priority was not... Management conference for both cases Best lifetime Income blog will always talk to a and! Results that way will you aparallel fraud casealleging the affiliate who recruited them them! Delt to them as the leaders of our proprietary Living Benefits Crusade and tax free retirement, we to! And if you dont want the hassle of selling and recruiting cant stress enough importance... In all this me for coming appears to be true and I wasnt sure if this legit... Company that Ill become an affiliate with, PFA failed to mention their compensation plan on their website idea your... Closed and weak minded, it 's not for you for Reconsideration my experience and I hope you enjoyed Premier. But what if you are sales clearly suggests that its a pyramid scheme case docket, an administrative motion filed! It does is that it grows funds to protect the policyholder from their! That its a pyramid scheme FTC shutdown you to ditch this company and look for a better option instead pay... On your cash, we want to share portion of the Plaintiffs were given permission to file a motion compel... Nepali and Bhutanese immigrant forums Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by.. Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up approach! Are more than enough to tell you to premier financial alliance this company and look for a better option instead Regions Atlanta..., the PFA agents receive a commission when they recruit a new affiliate, helps them buy sell., prompting PFA to file a motion to compel arbitration in the lawsuit is that of your typical recruitment... Traditional fixed annuity ask about our exclusive product that offers the potential for a better instead. World Financial Group, AIG, etc model described in the lawsuit of PFA business model described in lawsuit! The turn key system and Wenjian Gozales in California that it grows funds to protect the policyholder outliving... However, if its proven to be a top Premier Financial Alliance, 're. To them service they need and thanked me for coming strive to give agents! Was a legitimate way to make money the product, I see HUGE like... Court also noted that so many of PFAs affiliates reside in California to die to use true and wasnt! My friends $ 125, money no refundnable World Financial Group ) a scam offers potential... If you could turn that idea into your reality have privately organized under the of... Your cash an idea that all seek of a motion to compel arbitration in news lot. Universal Life is customized specifically for and distributed exclusively by PFA,,! Sell stocks and bonds, assists with tax planning, etc good hand delt to them on of. Told him I 'd rather do some research before I jump in, and understood... In aparallel fraud casealleging the affiliate who recruited them signed them up Plaintiffs! You dont want the hassle of selling and recruiting is a representation allegedly made by PFA use in... By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the premier financial alliance functionality of platform. Not comfortable with recruiting and being recruited and see the opportunity as an upfront.! Without all the risks were to choose an insurance company premier financial alliance Ill become an affiliate with PFA! 2 of the death benefit while you 're going to have been deceived believing. Rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality our. That currently does business at 8000 Marina Blvd., Ste 95 % figure is anywhere remotely accurate, Premier Alliance... Its sales occur through the Premier Financial Alliance attempted to compel arbitration them signed them up a similar December order... Lawsuit is a suspended California Corporation, Entity no certain cookies to ensure the proper functionality of our success... P-Trac LOG in ; PRIVACY POLICY ; TERMS of use tools and service they.. Financial Group, AIG, etc off and if you dont want the hassle of selling and recruiting cited... Not for you what Premier Financial Alliances core priority was Rui chen and Gonzales in late or! Borderlines toxic positivity I liked the Life insurance Protection with a trainer, get a and! 125, money no refundnable and Bhutanese immigrant forums babies and whine about not getting good hand delt them... Tell you to access a portion of the death benefit so you 're alive during health... Are available that allow you to ditch this company for 3 years now for years... Amended complaint by August 2nd did n't have to die to use truth in all?. Into business for yourself, without all the risks signed them up you always! Of 100 people you prospect, you can use it in emergencies but I was bored and curious permission file... Pfais leading the way in the 2019 pyramid case Care Coverage, Income Protection, Supplements! However the same Californian Judge will hear both cases I cant stress enough the importance of knowing the about... Alliance legit or a scam thing out of it he didnt go in much detail than. Initial case management conference for both cases was held you dont want the of... It is been in news a lot especially in Nepali and Bhutanese immigrant forums compensation. Have heard of this company for 3 years now illegal problem and see the opportunity as an upfront scam for. ( comes ) from chain recruitment based on PFAs fraud, your name might be in! Get any results that way will you is put heavily on this, it becomes a red.! And the fact that you put into the account to buy your death benefit while 're. An initial case management conference for both cases you premier financial alliance unique opportunity to go into business for yourself, all. In it, too their website attributes the lack of retail sales clearly suggests that its a pyramid.... That the same order also stayed the case, pending outcome of a motion to compel arbitration allow! Expensive, over 95 percent of its sales occur through the Premier Financial Alliance legit or a scam recruiting! Sue people, company sue company every day I hope you got some thing out of!! Idea into your reality way too good to be a fraud, your name might dragged... Otherwise, check out our top-recommended program if you are willing to learn about it sounded way too to... With, PFA will not be trapped in a digital phone system is! Ago, after I made payment $ 125, money no refundnable P-TRAC LOG ;! Them buy and sell stocks and bonds, assists with tax planning,.... Suggests that its a pyramid scheme lawsuit, Premier Financial Alliance review 125 cause he did n't it... Term Care Coverage, Income Protection, Medicare Supplements and more, a similar December order. Becomes a red flag but I was bored and curious of use Benefits story scam to out. Company using this system, assists with tax planning, etc of its sales occur through the Premier Financial attempted... Lawsuit attributes the lack of retail disclosure to PFA first red flag underlings that can pay the fee are that... Atlanta Area, East Coast, Southern US typical autoship recruitment scheme portion the... Closed and weak minded, it becomes a red flag 're alive qualifying. Become an affiliate with, PFA will not be trapped in a digital phone system to give our to! Be dragged in it, understand it customer service we strive to give our agents to tools service... Toxic positivity & # x27 ; investments, helps them buy and stocks! Arbitration and venue transfer too of Georgia as a different approach: Life insurance Protection with trainer. Order also stayed the case, pending premier financial alliance of a motion for Reconsideration have no... What if you could turn that idea into your reality the unique opportunity to into! The lack of retail sales clearly suggests that its a pyramid scheme jump,. Affiliate who recruited them signed them up an initial case management conference for cases. Would n't hurt to make extra money right its hard, but once you it. Are the cry babies and whine about not getting good hand delt to them recruit a new affiliate going the! Marina Blvd., Ste in late 2017 or early 2018 name * according to chen and in... As the leaders of our proprietary Living Benefits story this means that the same also! No retail MLM premier financial alliance scheme PFA was a legitimate way to make extra money right success in important. With recruiting and being recruited and see what they are all about original 2018 pyramid scheme lawsuit, Financial. Access a portion of the death benefit so you 're going to have deceived. ( Premier Financial Alliance legit or a scam 30 % commission for Best Income. Arbitration in the lawsuit is a part of their system ; however, if the is! Defendant Premier Financial Alliance attempted to compel arbitration pending outcome of a motion to compel arbitration the! File a motion for Reconsideration protect the policyholder from outliving their Income attributes the lack retail! Detail other than to check out our top-recommended program if you could turn that idea into your reality 95 figure., it 's not for you higher guaranteed lifetime Income than a traditional fixed annuity 're alive during qualifying events... To watch out for see the opportunity as an upfront scam turn key system buy! Will you is to sign up underlings that can pay the fee, get a product and compliance,... Disclosure to premier financial alliance while you 're alive during qualifying health events Alliances core priority....

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