Tickets purchased by May 31, 2022. If financial freedom means free of finances, then you are well on your way. I'm no financial advisor or a professional in the insurance field, but I dont know if PFA is actually legit. This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. Is Premier Financial Alliance a pyramid scheme? No marketing is done to retail customers. Is the WFG (World Financial Group) a scam? Product Type: Multi-Level Marketing Company, Price: $125 For The Membership Fee And Tools. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. Multi Location Business. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. theYear = now.getYear(); Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . I didn't like that I had to give them 50 of my personal contacts. 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. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? All rights reserved. you can see add online where a guy boasts he can help you make $28000 dollars per week. 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. Under PFAs compensation plan, a victim only gains a rank by recruiting people into the business opportunity. With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. 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. Is Premier Financial Alliance a Pyramid Scheme? 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. The trick to MLM is to sign up underlings that can pay the fee. If you have fallen for a scam, you can post your experience here to warn others. Career. 155 Kapalulu Pl Ste 289. Awesome. As far as I know it's a legit company. uChoose Rewards I liked the life insurance product and the fact that you can use it in emergencies but I did not like their recruiting strategy. 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. PFA agents or the PFA don't make money on $125 fee. Legal First Name * According to government-issued identification documentation. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. On May 6th an initial case management conference for both cases was held. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. 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. Something went wrong while submitting the form. ", "Before, Iwas making money. 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. That's not really a success story. BehindMLMreviewed Premier Financial Alliancein 2016. Learn More . Find locations. "I love PFA because we create positive change in peoples lives. We protect the dreams of Middle America through a proprietary financial product that is disrupting the life insurance industry. 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. In 2008, we joined forces with National Life to distinguish ourselves in the insurance industry. Everything about it sounded way too good to be true and I wasnt sure if this was legit. they never personally agreed to PFAs AMA. April 10, 2023 | 6:00 PM | Altona Supper Club. But looks like company agent screwed Nepali and Bhutanese immigrants. Just personal reference. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. with just one sale, based on the time value of money, $2,500,000 can be made by an Associate. Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. Also if you look and really think about it, MLM is everywhere. Do I smell something fishy? If you think someone is trying to scam you, this is the place to ask about it. 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. Even thou comission 50% I wont do it because I feel guilty by stealing ppl money. Create an account to follow your favorite communities and start taking part in conversations. Financial Calculators. No persons, except the promotors and operators of the Premier Financial Alliance scheme make any money. Top 6 Working From Home Tips and Tricks. Lastly, the lawsuit claims that thousands of Premier Financial Alliances members did not make money at all. 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. How Much To Join Premier Financial Alliance? I would suggest to you vadude1, to give this a try. 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. 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. Premier Financial Alliance cap payable unilevel commissions at six, with commissions paid out as a percentage of sales volume generated by affiliates in the unilevel team. The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. To earn any commissions or financial rewards in PFA, one has to recruit and cause to be signed up, six persons, and obtain a license to sell insurance under applicable State Law. 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. Mmmm yeah that is not for me. To make money in PFA and WFG, it requires hard work and servant mentality. Another reason is that its challenging. Premier Financial Alliance have been directed to file their response to the lawsuit within twenty-one days of the filing. Operating Status Active. Manages clients' investments, helps them buy and sell stocks and bonds, assists with tax planning, etc. I actually have heard of this company for 3 years now. As per a July 1st order however, the hearing was continued till August 20th. I believe and know now that PFA has the superior product. 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). We Constantly Review Programs in "Make Money Online" Niche, So That You Don't Have to Waste Countless Hours, Premier Financial Alliance Review Summary. I wont sell this Insurance to any my friend or family. Lawsuit After Lawsuit Calling It A Pyramid Scheme. The best business tools and support you need. 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. 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 . Business Profile for Premier Financial Alliance. Its not just in case you die - it's to live a life you love. The, Maine Savings is among Maines largest credit unions. A different approach: Life insurance you don't have to die to use. He didnt go in much detail other than to check out their product and give him an opinion on it. If you have fallen for a scam, you can post your experience here to warn others. 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. 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 if (theYear < 1900) { If it's through recruiting, it's a pyramid scheme. 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. The most damning allegations in the new 2019 lawsuit are the targeting of Asian immigrants, and claim that 95% of sales within Premier Financial Alliance are affiliate purchases. Money is just by product. 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. Disrupting the financial services industry. Something went wrong while submitting the form. Premier Financial Alliance believes in empowering people to start their own businesses, think for themselves, and regain their sense of independence that can so often be lost when one is chasing money for security. Suite 289. Once they pay the $125 membership fee and buy the . If you want to become an insurance agent, find a reputable insurance company that will offer a legit opportunity that focuses on selling their products. Life insurance you don't have to die to use - it just makes sense. Haley Piper. Company Premier Financial Alliance Seal Team. In this company we all help each other. We believe life insurance should benefit you while you're alive - not just in death. Applications must be postmarked by March 1, 2023. 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. 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. 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. 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. Weve added the lawsuit to our list of cases were following, so stay tuned for further updates as the case progresses. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. Defendant Premier Financial Alliance, Inc. ("PFA") is a suspended California Corporation, Entity No. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). Is Premier Financial Alliance A Pyramid Scheme/Ponzi Scheme? PFA and WFG are both legitimate company, not a scam. Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. Get your ticket. It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. Your submission has been received! Press question mark to learn the rest of the keyboard shortcuts. Products sold are not displayed on the website and the opportunity offered is vague. The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. PFA swag bag and shirt. 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. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. I joined Vasiliy as a writer for Best Lifetime Income blog. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. At Premier you will always talk to a person and not be trapped in a digital phone system. This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. 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