That deterred me from committing. 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. He began his career in the financial services at a time when he was . The best business tools and support you need. You can check more insurance companies here. Here is a Blueprintto Owing Highly Profitable Online Business Without Any Experience REVEALED! To make money in PFA and WFG, it requires hard work and servant mentality. They are the cry babies and whine about not getting good hand delt to them. 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. There are lawsuit against PFA, but they are all denied. 1st client get 30% commission. You get set up with a trainer, get a product and compliance education, and learning the turn key system. Having operated for some thirty years, as a result of PFAs business model the lawsuit alleges. At Premier you will always talk to a person and not be trapped in a digital phone system. You can also subscribe without commenting. 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. Confirm Email *. 132 were here. Company size Large enterprise (150 or more) The motion requests permission to seek reconsideration of the earlier arbitration denial decision, or in the alternative a transfer of the case to Georgia. 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. June 25, 2018. I dont like MLM. now = new Date; 112 were here. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. p.s. It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. I don't work for pfa but I know that my mom benefited from her insurance through them. I actually have heard of this company for 3 years now. Because at first it seemed "too good to be true." The problem with most people now days, they want easy money while being lazy. While I wont directly tell you that Premier Financial Alliance is a scam or a pyramid scheme, I will let the facts in this review and the reviews of other people help you decide. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. Here are the top work-from-home tips from our staff. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. 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. Financial Calculators. 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. Let me explain to you and answer your question. The, Maine Savings is among Maines largest credit unions. Honolulu, HI 96819-1826. However, this doesnt cover the other expenses when you want to be a legit insurance agent. Copyright I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. PFA agents or the PFA don't make money on $125 fee. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. C2820332, that currently does business at 8000 Marina Blvd., Ste. So, youre looking for a source of income that wont put your name and money at risk? 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. When a company earns most or all of its revenue from recruitment, by definition, it is a pyramid scheme. Do you ever find yourself thinking about your financial future? Its not just in case you die - it's to live a life you love. Welcome to Premier Financial Alliance. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events. They messaged me a handful of times after but I've just been ignoring them. But what if you could turn that idea into your reality? 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? Worse, if its proven to be a fraud, your name might be dragged in it, too. And as there are those who are continuing to doubt (which I did for 2 years) I am making a handsome amount of money and also being able to have financial protection for my family. If so why would you borrow what is yours? According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. If you think someone is trying to scam you, this is the place to ask about it. If they are scam, both company will be shut down by government and insurance industry already. 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. uChoose Rewards This product represents the next generation of our shared success in this important product line. JW's Rise to Success. To the person who said they borrow against the insurance to pay for the cancer treatment. My parents got insurance through PFA. Press question mark to learn the rest of the keyboard shortcuts. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. theYear = theYear + 1900; All it says is that they are selling your dream but if I know, this is a way to attract people. Weve added the lawsuit to our list of cases were following, so stay tuned for further updates as the case progresses. Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. Top 6 Working From Home Tips and Tricks. Contact Information. This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. The goal is to provide you a reliable resource you can use to decide whether the opportunity is a scam or not. You don't know what you are talking about. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. That's for any industry you go in. It wouldn't hurt to make extra money right? Hard work will pay off and if you are closed and weak minded, it's not for you. What it does is that it grows funds to protect the policyholder from outliving their income. On May 6th an initial case management conference for both cases was held. Someone reached out to me on Instagram recently. So I have nothing bad to say about them. Life Insurance. 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. Easy account access on the go! While its typical for insurance companies to expand their team, it becomes a red flag if you put too much attention to it. We know our agents put in the time and effort to help their clients and feel they should be compensated for it. Just personal reference. PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, AJW, by their authorization promote the pyramid scheme and make misleading claims of financial success. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. ", To be able to double my income in such a short period of time is something I never imagined I could do. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events.2. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. 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. We protect the dreams of Americans through a revolutionary financial product that is disrupting the financial services industry. If it's through recruiting, it's a pyramid scheme. 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. 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. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. That's not really a success story. Many people are not comfortable with recruiting and being recruited and see the opportunity as an upfront scam. they will earn vast wealth, luxury vehicles, and lavish trips when in reality more than 95% of PFA Associates average net losses. 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. The price of the product is so high compared to comparative market prices that it is impossible to legitimately sell these products retail, except to friends and families. Living Life by Design Indexed Universal Life1 is customized specifically for and distributed exclusively by PFA. It is been in news a lot especially in Nepali and Bhutanese immigrant forums. 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. PFA swag bag and shirt. 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. In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. 100, Brisbane, CA 94005. The best way to know is have your friend explain to you how PFA make money. https://www.facebook.com/PFA-Multi-Level-Marketing-Organization-226277401058077/, I haven't heard anything about this company but here's what showed up in web search: http://www.scam.com/showthread.php?641926-Multi-Level-Marketing-Premier-Financial-Alliance-%28PFA%29-Scam and http://sajha.com/sajha/html/index.cfm?threadid=111838 and 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, If it feels fishy and smells a bit, I think it is wise to walk away Doug Content Director: TheDailyScam.com. 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. From our products and services to all the good we do in our communities. 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. Only difference? PFA and WFG are both legitimate company, not a scam. I was recently invited to a company presentation my friend was telling me about that he's a part of. No persons, except the promotors and operators of the Premier Financial Alliance scheme make any money. No where any company will give 30% commission. We are a Insurance Broker representing over 50 carriers. Post your questions here and have them answered by people who are knowledgeable about all types of scams. 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. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. They can agree that this is the best company we have joined by far. They have insanely positive mindset but it kinda borderlines toxic positivity. 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. Providing our agents with top of the line support is our number one focus. 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. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. Is Premier Financial Alliance legit or a scam to watch out for? If you want to join be come a agent go head..!! Your submission has been received! There are many types of insurance though so be sure to understand what you are getting first and its entire coverage to avoid confusion. 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. In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Ever wanted to have a super profitable online business but lack the ability or desire to create products and struggle to drive traffic, generate leads and convert sales? Also if you look and really think about it, MLM is everywhere. 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. Talk to the one who invited you. Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. Financial Services. 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. Another reason is that its challenging. Lost Card. Download the Mobile App. Defendant Premier Financial Alliance, Inc. ("PFA") is a suspended California Corporation, Entity No. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. Call us at (920) 898-4232. Is Premier Financial Alliance A Pyramid Scheme/Ponzi Scheme? 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. This is our shared vision. About us. Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. The last significant filing in the 2018 case is a May 28th motion by the Premier Financial Alliance defendants. Apple, Google, Tesla get lawsuit everyday as the company get bigger. For one, if its the sole source of income, it is unstable. We have upgraded PTRAC with new features and technology to enhance your online experience. Create an account to follow your favorite communities and start taking part in conversations. ChromeFirefoxEdge. Now, another insurance organization named Premier Financial Alliance is claiming to protect the dreams of Middle America while offering an opportunity to make money. 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