stay away from WFG
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Bruceman

Edmonton, Canada

#2915 Oct 9, 2009
Here is a list of articles on the history of WFG, and on the pitfalls of the products WFG sells.

https://sites.google.com/a/thomasfinancialgro ...

Notice how Hubert Humphrey, who founded WFG, lost his securities license, and got banned from the industry, along the way to building WFG.

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Alcal

Calgary, Canada

#2916 Oct 9, 2009
Bruceman wrote:
Here is a list of articles on the history of WFG, and on the pitfalls of the products WFG sells.
https://sites.google.com/a/thomasfinancialgro ...
Notice how Hubert Humphrey, who founded WFG, lost his securities license, and got banned from the industry, along the way to building WFG.
Hi ,
What do you think happened to the thread thats gone missing.

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Bruceman

Edmonton, Canada

#2917 Oct 9, 2009
Alcal wrote:
<quoted text>
Hi ,
What do you think happened to the thread thats gone missing.
Not too sure. Maybe because the thread was so long, and went on for to long, topix shut it down. But we can simply start again, and continue to post facts and information to help consumers make educated and informed decisions.

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Bruceman

Edmonton, Canada

#2918 Oct 21, 2009
The other thread seems to have gone missing again...not sure what's going on. We can keep things going on this thread.

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Alcal

Calgary, Canada

#2919 Oct 22, 2009
Yes ,the missing thread is a concern.
Do you think we should come up with a back up plan ,so we don't loose touch? An alternate place to post is. www.pyramidschemealert.com
They have a blog site and we can reconnect there at anytime. Just something to keep in mind if topix fails to meet our standards , continues to dissolve our postings or bumps us out.
Thanks

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Alcal

Calgary, Canada

#2920 Oct 22, 2009
Sorry ,the back up place to post should be .org www.pyramidschemealert.org

All The Best

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Smoore

Edmonton, Canada

#2921 Oct 23, 2009
World Financial Group is legit. It is not a pyrmaid. BUT they are legally ripping people off and that is why I left.
Through their Universal Life contract, in the fine print it states that you are "adopting World Financial Group." and what that means is you are naming them as the beneficiary of the investment portion of the Universal Life. that is why so many people there sell universal life because the commission is EXTREMELY good, but the thing is that most of the agents do not know that the UL is a rip off. A lot of people there actually want to help families, I wanted to. but i am not okay with ripping people off like that, I have morals. but guys the company is not a pyrmaid, I can honestly say that, but they are LEGALLY comitting fraud through Whole Life insurance and Universal Life. But alot of people there do know their shit and are good at what they do, and believe that they are helping people, and they are in some aspects. However, the reason why these guys make such a good income is because they mostly sell Universal Life thats why theres so many 6-figure income earners. When you are a potential client of WFG they intend on setting you up with some sort of policy, Primerica does not. I have been to Primerica, they told me I was okay and that I don't need insurance, thats pure honesty. they gave up comission to do the right thing, and some people at WFG do that too, but VERY FEW. I am disgusted that with WFG the only way you can be successful is by recruiting, I have morals that I follow. They are not a pyrmaid, but their contracts are dirty.

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Second Opinion

Calgary, Canada

#2922 Oct 24, 2009
Smoore wrote:
World Financial Group is legit. It is not a pyrmaid. BUT they are legally ripping people off and that is why I left.
Through their Universal Life contract, in the fine print it states that you are "adopting World Financial Group." and what that means is you are naming them as the beneficiary of the investment portion of the Universal Life. that is why so many people there sell universal life because the commission is EXTREMELY good, but the thing is that most of the agents do not know that the UL is a rip off. A lot of people there actually want to help families, I wanted to. but i am not okay with ripping people off like that, I have morals. but guys the company is not a pyrmaid, I can honestly say that, but they are LEGALLY comitting fraud through Whole Life insurance and Universal Life. But alot of people there do know their shit and are good at what they do, and believe that they are helping people, and they are in some aspects. However, the reason why these guys make such a good income is because they mostly sell Universal Life thats why theres so many 6-figure income earners. When you are a potential client of WFG they intend on setting you up with some sort of policy, Primerica does not. I have been to Primerica, they told me I was okay and that I don't need insurance, thats pure honesty. they gave up comission to do the right thing, and some people at WFG do that too, but VERY FEW. I am disgusted that with WFG the only way you can be successful is by recruiting, I have morals that I follow. They are not a pyrmaid, but their contracts are dirty.
Of course you're going to say UL is a Scam. You work for our competitor (Primerica) and you sell term insurance.

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Alcal

Calgary, Canada

#2925 Oct 26, 2009
Smoore wrote:
World Financial Group is legit. It is not a pyrmaid. BUT they are legally ripping people off and that is why I left.
Through their Universal Life contract, in the fine print it states that you are "adopting World Financial Group." and what that means is you are naming them as the beneficiary of the investment portion of the Universal Life. that is why so many people there sell universal life because the commission is EXTREMELY good, but the thing is that most of the agents do not know that the UL is a rip off. A lot of people there actually want to help families, I wanted to. but i am not okay with ripping people off like that, I have morals. but guys the company is not a pyrmaid, I can honestly say that, but they are LEGALLY comitting fraud through Whole Life insurance and Universal Life. But alot of people there do know their shit and are good at what they do, and believe that they are helping people, and they are in some aspects. However, the reason why these guys make such a good income is because they mostly sell Universal Life thats why theres so many 6-figure income earners. When you are a potential client of WFG they intend on setting you up with some sort of policy, Primerica does not. I have been to Primerica, they told me I was okay and that I don't need insurance, thats pure honesty. they gave up comission to do the right thing, and some people at WFG do that too, but VERY FEW. I am disgusted that with WFG the only way you can be successful is by recruiting, I have morals that I follow. They are not a pyrmaid, but their contracts are dirty.
WFG, world financial group, transamerica life insurance,
"Aegon Group" . "No Family Left Behind"?
Regardless of the trappings , WFG is an MLM structured company. Numerous studies by expert analysis of MLM promotions indicate MLM is a flawed business model. The failure rate is about 99% for new recruits, yet MLM promotions and promoters continue to withhold the truth from new recruits.
Most negative articles and information from experts seem to indicate WFG is an MLM ,A Pyramid scheme. The financial products may be real , but the MLM business opportunity is faulty , and most recruits never make any money after expenses. The promoters say anyone can do it , but it is not for everyone? This is an understatement!
Good Luck!

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Second Opinion

Calgary, Canada

#2926 Oct 26, 2009
Alcal wrote:
<quoted text>
WFG, world financial group, transamerica life insurance,
"Aegon Group" . "No Family Left Behind"?
Regardless of the trappings , WFG is an MLM structured company. Numerous studies by expert analysis of MLM promotions indicate MLM is a flawed business model. The failure rate is about 99% for new recruits, yet MLM promotions and promoters continue to withhold the truth from new recruits.
Most negative articles and information from experts seem to indicate WFG is an MLM ,A Pyramid scheme. The financial products may be real , but the MLM business opportunity is faulty , and most recruits never make any money after expenses. The promoters say anyone can do it , but it is not for everyone? This is an understatement!
Good Luck!
Primerica is a MLM too! This guy works for Primerica. If MLM is the problem, why are you only bias against WFG.

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Bruceman

Edmonton, Canada

#2927 Oct 27, 2009
Second Opinion wrote:
<quoted text>
Primerica is a MLM too! This guy works for Primerica. If MLM is the problem, why are you only bias against WFG.
Uhm, I don't think he works for Primerica, if you bothered to actually read, Alcal has posted information on why MLM businesses are a failed system. While we've chosen to single out WFG, we all agree that the reason it is such an unethical company is because it's MLM.

Also, Primerica is slightly less unethical because they offer term, which if you read the link on UL I posted, is a better product in most cases. At least they offer "buy term, and invest the difference", compared to WFG that tries to use insurance as an investment product, which is fraudulent.

Either way, I wouldn't work with either because they are both MLM. Period.

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JCs Final Note

San Luis Obispo, CA

#2928 Oct 27, 2009
If you think World Financial Group is a MLM then you have no idea what you are talking about. do some better investigating about the company. When its backed by a Company like Aegon then you should probably think twice about what you say. when Aegon is rated a power house financial company. From the outside in it may look like somthing that it really isn't.. the reason some dn't become succeful is the same reason why not everyone finish's school. so please befor you post randome things know what it is that your really sayin..
or els your just barking without any facts to prove anything..

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Connie CFP

Calgary, Canada

#2929 Oct 27, 2009
JCs Final Note wrote:
If you think World Financial Group is a MLM then you have no idea what you are talking about. do some better investigating about the company. When its backed by a Company like Aegon then you should probably think twice about what you say. when Aegon is rated a power house financial company. From the outside in it may look like somthing that it really isn't.. the reason some dn't become succeful is the same reason why not everyone finish's school. so please befor you post randome things know what it is that your really sayin..
or els your just barking without any facts to prove anything..
Not an MLM? You are incorrect sir. You commented that it's like how not everyone finish's school, which you followed up with a series of bad grammar, spelling mistakes and incomplete sentences. Need say more?

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JustSomeone

San Jose, CA

#2931 Oct 28, 2009
You can all say what you want. The fact is whole life insurance is better than term insurance IF you can afford it. It IS a great investment because of the interest that's tied to the cash value. But go ahead, keep working and let you 401k slowly deteriorate. I'll post a new comment when I retire in 5 years. Have a great life of skepticism. :D

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Alcal

Calgary, Canada

#2933 Oct 28, 2009
JCs Final Note wrote:
If you think World Financial Group is a MLM then you have no idea what you are talking about. do some better investigating about the company. When its backed by a Company like Aegon then you should probably think twice about what you say. when Aegon is rated a power house financial company. From the outside in it may look like somthing that it really isn't.. the reason some dn't become succeful is the same reason why not everyone finish's school. so please befor you post randome things know what it is that your really sayin..
or els your just barking without any facts to prove anything..
Are you for real ,you should heed your own words and investigate Aegon/WFG ,MLM. Do you know Network Markerting ,Direct Marketing and MLM are the same.
Have you heard of Bernie Madoff ,Enron ,Fanny May and Freddie Mac,etc.There are many unethical corporations that operate pyramid/ponzi schemes,many corporations as large and well known as the Aegon Group.Large well known and charitable corporations is not a garantee of transparency or honesty.
I think my opinion of the Aegon/wfg and the MLM industry is well founded.
see: www.pyramidschemealert.org www.mlmthetruth.com/

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Alcal

Calgary, Canada

#2934 Oct 28, 2009
Second Opinion wrote:
<quoted text>
Primerica is a MLM too! This guy works for Primerica. If MLM is the problem, why are you only bias against WFG.
You sound a bit paranoid ,and you should be. MLM will fail you as it fails 99% of recruits.
I do not work for Primerica or WFG , I value my family and freinds.
I have a close friend who got suckered into this MLM , marriage destroyed , kids displaced ,family and friendships damaged , wasted years and lost lots of money.
MLM is a cult that pretty much gaurantees failure to all but 1% at the top.Deception and recruiting is the game.
Conduct yourself accordingly.

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FromTheHeart

Topeka, KS

#2935 Oct 29, 2009
Bruceman wrote:
<quoted text>
Uhm, I don't think he works for Primerica, if you bothered to actually read, Alcal has posted information on why MLM businesses are a failed system. While we've chosen to single out WFG, we all agree that the reason it is such an unethical company is because it's MLM.
Also, Primerica is slightly less unethical because they offer term, which if you read the link on UL I posted, is a better product in most cases. At least they offer "buy term, and invest the difference", compared to WFG that tries to use insurance as an investment product, which is fraudulent.
Either way, I wouldn't work with either because they are both MLM. Period.
To all that are against MLM...Ask yourself these questions:

Am I currently working for someone?

Is someone making money from my work/earnings?

Do I have a manager?

If all your answers are yes (almost everyone's answer will be), then you are in a Multi level company. Whether or not you are marketing, is dependant on your knowledge of the work that you do. Your company is marketing somehow, someway.

EX: you sell shoes and get a commission for the total amout that you've sold all week. That is your paycheck plus ur hourly wage (if you get one). WHo do you think is getting the other part of your commission? Hence the terms multi level. Your store manager gets a cut of your total amount also. Then your regional manager. and so on... Same for any office job. You still work your way up the corporate ladder. Is that not multi level? This concept is true in 99% of all businesses/jobs. Think about it.

I am not ok with "buying term and investing the difference." To the Person from Primerica... u may not need insurance now, but what if you were to get married 5 to 10 years down the line? Try buying Life insurance then at that current rate. If you're lucky, your health won't change and you may get a rate that is only slightly higher than when you first "joined" Primeria. If your health has declined, you probably won't be able to afford it.

Back to the client...Do you inform them about what happens when the "Term" is over. Like... how their rates change to an outrageous amount. Or that the rate will be about 10 times (if not,more) the original cost? That they may not qualify for any insurance at all because of health changes? That they and you are hoping that they die within that "term" in order for their loved ones to benefit? That's just a few points.

Term insurance is not all bad...All insurance products serve a purpose. An honest and good agent will give you options and explain all the risks/benefits involved in each product. Not just a SLOGAN.

I am a satisfied customer of WFG. In any business, you will have good and bad people. I am fortunate to have met a great rep from WFG almost a decade ago. I fully understand what I have and the product works for me. I confirmed it all the same way I found you guys. I read, researched, called, and confirmed. My words are only meant to help. I wish you all well.

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Alcal

Calgary, Canada

#2937 Oct 30, 2009
FromTheHeart wrote:
<quoted text>
To all that are against MLM...Ask yourself these questions:
Am I currently working for someone?
Is someone making money from my work/earnings?
Do I have a manager?
If all your answers are yes (almost everyone's answer will be), then you are in a Multi level company. Whether or not you are marketing, is dependant on your knowledge of the work that you do. Your company is marketing somehow, someway.
EX: you sell shoes and get a commission for the total amout that you've sold all week. That is your paycheck plus ur hourly wage (if you get one). WHo do you think is getting the other part of your commission? Hence the terms multi level. Your store manager gets a cut of your total amount also. Then your regional manager. and so on... Same for any office job. You still work your way up the corporate ladder. Is that not multi level? This concept is true in 99% of all businesses/jobs. Think about it.
I am not ok with "buying term and investing the difference." To the Person from Primerica... u may not need insurance now, but what if you were to get married 5 to 10 years down the line? Try buying Life insurance then at that current rate. If you're lucky, your health won't change and you may get a rate that is only slightly higher than when you first "joined" Primeria. If your health has declined, you probably won't be able to afford it.
Back to the client...Do you inform them about what happens when the "Term" is over. Like... how their rates change to an outrageous amount. Or that the rate will be about 10 times (if not,more) the original cost? That they may not qualify for any insurance at all because of health changes? That they and you are hoping that they die within that "term" in order for their loved ones to benefit? That's just a few points.
Term insurance is not all bad...All insurance products serve a purpose. An honest and good agent will give you options and explain all the risks/benefits involved in each product. Not just a SLOGAN.
I am a satisfied customer of WFG. In any business, you will have good and bad people. I am fortunate to have met a great rep from WFG almost a decade ago. I fully understand what I have and the product works for me. I confirmed it all the same way I found you guys. I read, researched, called, and confirmed. My words are only meant to help. I wish you all well.
Another lame Defence of MLM (pyramid) a business opportunity where more then 90% of recruits fail to earn any money.
(In normal retail you get paid something and are not misled and deceived like MLM.)
"You are likely at the top of the pyramid or perhaps you are promoting MLM as a viable business opportunity! It does not matter as MLM has been proven a failure to most recruits and IBO's ,you must know this."

Also a commisson sales person or a paid employee is not the same as a MLM business owner. In MLM you own your business, MLM is about recruiting and is how to build your business.
You need to listen to the truth , and speak the truth.

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Alcal

Calgary, Canada

#2938 Oct 30, 2009
MLM , Multi Level Marketing ,
What is it?
www.pyramidschemealert.org
www.mlm-thetruth.com

In normal business's ,Marketing is a specific job a/o position with regard to the operation of the business.
Examples of other specific positions may be a a manager, secretary , janitor ,purchaser ,sales person , plumber , electrician ,carpenter , mechanic, fork lift operator, ect. Employees receive wages and benefits.

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Bruceman

Edmonton, Canada

#2939 Nov 13, 2009
Here we have yet another case of diciplinary action against a WGS associate, and WGS from 2006.

http://www.securities.utah.gov/dockets/060080...

A few points of interest:

point 7. explains that to be part of WGS, you must first be recruited by WFG.

point 21-26. WGS is accused of failing to properly supervise the associate under investigation.

And, of most concern, WGS PAYS a magazine company to have them put their name and associate on the front cover! Talk about faking success to scam people!

Due to the WILLFUL violations of WFG (pg 11), there was an order to have WGS's license suspended, and a fine NO LESS than $100,000 dollars!

Ther more research I do, the more I believe WFG/WGS is not simply shady, it is a scam in many ways!

Why are people still doing business with theses scumbags! How much more proof do you need?

Stop giving them your time and money!

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