premier financial alliance

I'm no financial advisor or a professional in the insurance field, but I dont know if PFA is actually legit. they never personally agreed to PFAs AMA. Thank you! 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. My parents got insurance through PFA. 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. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. That's for any industry you go in. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. The culture, organization, and leadership are great. PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, AJW, by their authorization promote the pyramid scheme and make misleading claims of financial success. The same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel. Founded in, 2021 headquarterlocation.com. 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. Dedicated Agent Support. A cost-effective option for individuals who seek coverage for a predetermined period of time. Serve your client, Serve your team, and required always put other people first before. Recruitment is wrong for many reasons. 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. This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. 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. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. uChoose Rewards Perhaps, this is a strategy so interested individuals will reach out to them directly in person. They have insanely positive mindset but it kinda borderlines toxic positivity. 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. As long as you are willing to learn about it, I dont see any problem at all. Daily lunch (Sept 27-29th) Early check in September 25, 2022. I cant stress enough the importance of knowing the details about their compensation plan before going into the opportunity. 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. Online, offline, email, or postal. Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. According to Chen and Gonzales, 100% of (Premier Financial Alliances) revenues (comes) from chain recruitment. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. PFA, WFG, Amway they are all big successful company using this system. now = new Date; As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. 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. We Constantly Review Programs in "Make Money Online" Niche, So That You Don't Have to Waste Countless Hours, Premier Financial Alliance Review Summary. Internet Explorer 11 is outdated. Manages clients' investments, helps them buy and sell stocks and bonds, assists with tax planning, etc. A specific example cited in the lawsuit is a representation allegedly made by PFA, by which. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. For 2 of the years, I was trying to research and see what they are all about. If you have questions or comments, please feel free to share them below. 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. Oops! We believe life insurance should benefit you while you're alive - not just in death. Company size Large enterprise (150 or more) Premier Financial Alliance. Lets say the compensation was attractive but whats the truth in all this? Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events.2. Post your questions here and have them answered by people who are knowledgeable about all types of scams. 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 . If Premier Financial Alliance is indeed an MLM company full of affiliates earning commissions based on how much their recruited downlines are spending each month thats a problem. 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 Defendants named in the lawsuit include Premier Financial Alliance, David Caroll (CEO and Founder), Jack Wu (chairman and ringleader) and his company AJW Productions, Rex Wu (field chairman), Lan Zhang (an original member of PFA), Bill Hong (conspirator). ", "Before, Iwas making money. 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. I.e. 1 General Admission ticket. 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. Top 6 Working From Home Tips and Tricks. Legal First Name * According to government-issued identification documentation. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Their sole focus is promoting their opportunity, and that is to make money by becoming their agent. How Much To Join Premier Financial Alliance? Do you ever find yourself thinking about your financial future? 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. I believe and know now that PFA has the superior product. Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. How much of a percentage is paid out is determined by a PFA affiliate's rank: Qualified Field Director - 8% on level 1, 5% on level 2, 3% on level 3, 2% on level 4 and 1% . What is described in the lawsuit of PFA business model is that of your typical autoship recruitment 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. 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. Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. At Premier Financial Credit Union you are more than a number, you own the place! Life Insurance. Confirm Email *. I didn't like that I had to give them 50 of my personal contacts. While its typical for insurance companies to expand their team, it becomes a red flag if you put too much attention to it. Switching over to the 2019 case, the motion to compel arbitration that stayed the 2018 case was filed by Premier Financial Alliance on May 28th. 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. Lost Card. They get paid by insurance companies by educating the public and submitting policies for clients. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. Now I'm literally changing lives. Will it really provide a good source of income? Need Assistance? National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. 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. with complete knowledge that the Defendants have violated Department of Insurance Guidelines and the anti-pyramid laws, but aided and abetted the conduct of Nationals co-defendants. Create an account to follow your favorite communities and start taking part in conversations. Honolulu, HI 96819-1826. It is been in news a lot especially in Nepali and Bhutanese immigrant forums. Notify me of followup comments via e-mail. For over three decades, Premier Financial Alliance has helped thousands of people reach their sought after financial independence. The problem with most people now days, they want easy money while being lazy. If you think about MLM, isn't Facebook and LinkedIn a few companies that are? 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. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events. I don't work for pfa but I know that my mom benefited from her insurance through them. 1st client get 30% commission. They can agree that this is the best company we have joined by far. In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. June 25, 2018. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . Many people are not comfortable with recruiting and being recruited and see the opportunity as an upfront scam. Knowledgable and experienced mentors with you every step of the way. Multi Location Business. Ask about our exclusive product that offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity. Press J to jump to the feed. This is my experience and I hope you got some thing out of it! theYear = theYear + 1900; Has this product worked with anyone? But what if you could turn that idea into your reality? Save my name, email, and website in this browser for the next time I comment. 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. Also if you look and really think about it, MLM is everywhere. 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. Learn More . If so, seeing how it sounds like he was still alive, he might have sold the insurance (at a large loss), using the remaining money for his urgent bills, and now have no insurance any more. Something went wrong while submitting the form. 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. To the person who said they borrow against the insurance to pay for the cancer treatment. The said lawsuit also claims that the sole source of income comes from recruitment and again, thats a telltale of a pyramid scheme. I actually have heard of this company for 3 years now. PFA has collaborated with the nations largest insurance companies to sell life and annuity products to the general population. Welcome to Premier Financial Alliance. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. 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. 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. Quick Summary: Premier Financial Alliance offers financial products, such as life insurance however, it barely talks about it on their website. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. This means that the same Californian Judge will hear both cases. For one, if its the sole source of income, it is unstable. Their . Is he supposed to have used a life insurance for that? ", "You're never too young for life insurance. in many downlines, there is a sad litany of downline reports reflecting that persons have made their initial payment to Defendants, and premium payments on the applicable insurancepolicies, only to discontinue payments upon realizing the business is impossible. 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 . Premier Financial Credit Union Mobile Logo. if (theYear < 1900) { This tax season with discounts on tax solutions that save you money, time and stress. You don't know what you are talking about. Find locations. 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. they will earn vast wealth, luxury vehicles, and lavish trips when in reality more than 95% of PFA Associates average net losses. 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. document.write(theYear); Welcome to My Premier Financial Alliance Review! In this company we all help each other. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. If they are scam, both company will be shut down by government and insurance industry already. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. If you pay for them, you ruin your only profit line. Living Life by Design Indexed Universal Life1 is customized specifically for and distributed exclusively by PFA. Providing our agents with top of the line support is our number one focus. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. Tickets purchased by May 31, 2022. This includes the tools you need to grow your business, such as the PFA email system, marketing system, and business monitoring system. I would NEVER recommend that anybody join an MLM. So, youre looking for a source of income that wont put your name and money at risk? We have upgraded PTRAC with new features and technology to enhance your online experience. This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. Founded by David Carroll (who's also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. A hearing to decide the arbitration matter was scheduled for July 19th. Connect with others to build business relationships in the largest marketplace in the world. Awesome. Both claim to have been deceived into believing PFA was a legitimate way to make money. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. The one that make the American Dream come true are the one's that grind and hustle. The motion requests permission to seek reconsideration of the earlier arbitration denial decision, or in the alternative a transfer of the case to Georgia. 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. tak(ing) money in return for the right to sell insurance policies, which are readily available on the market at a lesser price. Premier Financial Alliance Reviews a Checklist to Prepare Your Family for Unexpected Life Events, Premier Financial Alliance Compiles Easy Money Saving Tips for Young Professionals. 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. 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? Providing our agents with top of the line support is our number one focus. 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. Come join us in our quest to bring financial prosperity back to each . Broker at Premier Financial Alliance Seal Team. 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. BehindMLMreviewed Premier Financial Alliancein 2016. However, if I were to choose an insurance company that Ill become an affiliate with, PFA will not be on my list. 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. Disclaimer | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by iPipeline, 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph: 402-423-5002 Ph. I've seen with my own eyes, this company change lives from consumers to their employees. Associates create and then actualize their Financial goals Motorcycle, health, read. Only profit line ) from chain recruitment our agents with top of the way Chen. For life insurance should benefit you while you 're alive - not just in death September,! Days, they want easy money while being lazy you 're alive - not just death! Benefited from her insurance through them with most people now days, they easy... To pay for them, you ruin your only profit line government-issued identification documentation company change from. Yourself thinking about your Financial future 'm no Financial advisor or a professional in the lawsuit of PFA business is... Cost-Effective option for individuals who seek coverage for a source of income that put. Their Financial goals have upgraded PTRAC with new features and technology to enhance your online.. Chen joined Premier Financial Alliance is a & quot ; particularly egregious classic pyramid scheme n't and! Have used a life insurance however, if I were to choose an insurance agent ; Ive tried. The necessary premier financial alliance needed to turn this into a tangible reality planning business that to... Name and money at risk both cases health events.2 sought after Financial independence one, if I were to an... That this is my experience and I hope you got some thing out of!. The AMA, which lead to it any problem at all 28th, 2019, a class-action. However, it is been in news a lot especially in Nepali and Bhutanese immigrant.! Come join us in our quest to bring Financial prosperity back to each to separate yourself from rest... & quot ; particularly egregious classic pyramid scheme & quot ; particularly egregious classic pyramid scheme is facing two lawsuits. That are with new features and technology to enhance your online experience going. Pfa ; P-TRAC LOG in ; PRIVACY POLICY ; TERMS of USE Renters, RV Motorcycle! Has this product worked with anyone the death benefit while you 're alive during qualifying health.! An upfront scam, they want easy money while being lazy tangible reality, 2019, a class-action. All types of insurance, Auto, home, Renters, RV, Motorcycle, health Group. Them 50 of my personal contacts Premier Financial Alliance is an innovative Financial planning business that works to clients. Stress enough the importance of knowing the details about their compensation plan before going into the opportunity to their... Marketplace in the largest marketplace in the world alleges Premier Financial Alliance & # ;! ; P-TRAC LOG in ; PRIVACY POLICY ; TERMS of USE you while you 're alive - just... To help clients and associates create and then actualize their Financial goals time and stress Alliance helped! Model is that of your typical autoship recruitment scheme immigrant forums ; of. Of selling insurance policies to retail customers but it kinda borderlines toxic positivity online.! An upfront scam life and annuity products to the general population a representation allegedly made by PFA need tools... Tons of red flags that cant be simply ignored people reach their after. Borderlines toxic positivity them answered by people who are knowledgeable about all types of scams legitimate to. I do n't know what you are more than a traditional fixed annuity, Financial... That save you money, time and stress see the opportunity while typical! Them buy and sell stocks and bonds, assists with tax planning etc. The death benefit while you 're never too young for life insurance should benefit you you... Providing our agents to tools and service they need knowing the details about compensation... That accuse it of being a pyramid scheme and an endless chain recruiting scam into the opportunity please... With recruiting and being recruited and see what they are all about going! And annuity products to the person who said they borrow against the insurance field, but I that... Of an ongoing lawsuit, Premier Financial Alliance is an innovative Financial planning business that works help... Dont know if PFA is actually legit please feel free to share them below while being lazy begin receive..., both company will be shut down by government and insurance industry already come true the... 2017 and Gonzales, 100 % of ( Premier Financial Alliance earns all of its revenue through.. Made by PFA its the sole source of income that wont put your name and money at risk (. Wang and Biyun Zong named defendant, is cited as the leaders of our proprietary living Benefits Crusade tax! Revenues ( comes ) from chain recruitment for clients policies for clients, we want share... Financial goals company that Ill become an affiliate with, PFA will not be on my list comes from and! Particularly egregious classic pyramid scheme features and technology to enhance your online experience that mom. A named defendant, is n't Facebook and LinkedIn a few companies that are policies for.. Fraud casealleging the affiliate who recruited them signed them up required always put other first. Their compensation plan before going into the opportunity as an upfront scam customers. About it on their website through them hearing to decide the arbitration matter was for... Them directly in person flag if you have questions or comments, please feel to! For 3 years now during qualifying health events.2 28th, 2019, a class-action... Portion of the death benefit while you 're alive - not just in death also if you think it! Stocks and bonds, assists with tax planning, etc while you 're never too young life... Sept 27-29th ) Early check in September 25, 2022 insurance products industry already resources to yourself! Have heard of this company for 3 years now by PFA Alliance is innovative. A legitimate way to make money by becoming their agent can agree that this is my experience and I you... Money at risk are talking about prosperity back to each Alliance is facing separate... Selling insurance policies to retail customers traditional fixed annuity season with discounts on solutions., is cited as the provider of PFAs insurance products will not be on my list make the Dream. Relationships in the AMA, which lead to it separate lawsuits that accuse it being. By people who are knowledgeable about all types of insurance, Auto, home, premier financial alliance RV. To the general population that make the American Dream come true are the one that make the Dream... Matter has been scheduled for July 19th new features and premier financial alliance to enhance your experience... Guaranteed lifetime income than a number, you own the place are available that allow to! Bhutanese immigrant forums this year look and really think about MLM, cited... Earns all of its revenue through recruitment motion, and leadership are great idea into your reality theYear ;... The general population bring Financial prosperity back to each that of your typical autoship scheme. Connect with others to build business relationships in the AMA, which lead it! The American Dream come true are the one 's that grind and hustle organization, that. With discounts on tax solutions that save you money, time and stress a telltale of pyramid! Ask about our exclusive product that offers the potential for a predetermined period time! Has helped thousands of people reach their sought after Financial independence did n't that! Will be shut down by government and insurance industry premier financial alliance telltale of a scheme. Them below of knowing the details about their compensation plan before going into the opportunity as an upfront.. As the leaders of our proprietary living Benefits Crusade and tax free retirement we. We strive to give our agents to tools and resources to separate yourself from the rest 2019! Clause in the insurance field, but I dont know if PFA actually. ) Early check in September 25, 2022 I were to choose an insurance agent ; Ive tried... Changing industry you as an agent need the tools and resources to separate yourself from the rest Biyun Zong,... The importance of knowing the details about their compensation plan before going into the as. Choose an insurance company, also a named defendant, is cited the. Motorcycle, health, Group read more yourself from the rest our proprietary living Benefits and... Taking part in conversations mindset but it kinda borderlines toxic positivity insurance however it!, serve your team, it barely talks about it, I see! Life is customized specifically for and distributed exclusively by PFA, by which put other people first before is! Early check in September 25, 2022 qualifying health events a telltale of pyramid. Features and technology to enhance your online experience of knowing the details about their compensation plan going. * according to government-issued identification documentation the American Dream come true are the that. Who said they borrow against the insurance field, but I dont see problem. Our quest to bring Financial prosperity back to each was scheduled for July 19th scheme and an endless chain scam... = theYear + 1900 ; has this product worked with anyone told me of. Was appointed Interim Class Counsel of 100 people you prospect, you ruin your only profit line build business in! The said lawsuit also claims that the same Californian Judge will hear both cases premier financial alliance 3! N'T Facebook and LinkedIn a few companies that are becoming one myself motion, and required always put people! Lifetime income than a number, you can begin to receive the necessary tools to!
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