wfg
Ray L

Leduc, Canada

#1 Jul 1, 2008
Hi WFG is a business cult like Primerica. It's headquarters are in Duluth Georgia just like Primerica so they spawn from the same people. It's a multi-leveling marketing company (a pseudo-pyramid scheme). It also brainwashes people to make money.

I started a facebook group about it. If you have facebook and you agree that it should be stopped please join my group. It's called "World financial group - a very dangerous company." Facebook is a huge social network so if work spreads around facebook hopefully it can combat WFG and Primerica and other MLM companies. Join and protect yourself and the ones around you from these money hungry freaks!
Ray L

Leduc, Canada

#2 Jul 1, 2008
"word spreads"*
Sgt_Steele

Toronto, Canada

#3 Jul 2, 2008
Whats your beef with WFG?
Sgt_Steele

Toronto, Canada

#4 Jul 2, 2008
Is it the way the company operates?

Is it the training?

The brainwashing?

The Quality and price of product?

All of the above?
Lawrence Ellison

Los Angeles, CA

#5 Sep 10, 2010
Do you believe the WFG shills on here? Remember if it has a lot of hype and hustle it is almost certainly a scam of some kind, WFG is no exception.
World Financial Group = hustlers, con men and frauds. How to lie cheat and steel from the old ladies and the financially ignorant, this is all illegal. If you want to get ripped off go to World Financial Group they will empty your pockets and tell you your a millionaire. If you like ripping people off and not get payed much join World Financial Group, it is the place to be! They will make you poor :)
There fees are very high and they know how to legally rip you off. Things like variable annuities and buying tons of insurance you do not need. All they know how to do is recruit and sell. They have zero financial expertize. The products they sell are made to take your money and give it to the parent company.

Type in WFG at the SEC's site and you will get a sample of all the fraud that is going on at WFG.
http://search.sec.gov/secgov/index.jsp#queryR...

Consider yourself warned!!
Jake Bumblebee

United States

#6 Sep 10, 2010
I am writing the fact, not what is right or wrong. Trying to be informative. There is nothing wrong to do business in Amway style which is somewhat gray zone business. Again, some people love it. Some people hate it. You are the one to make a choice. Again, I am only trying to be informative. The information I share on this website is that WFG usually does not tell candidates at the BEGINNING.

They sell mainly Western Reserve Life's policies backed up by Aegon Bank, a dutch bank. They surely help people who don't have concrete future financial planning. There is nothing really wrong with it.

1. You pay $100 registration fee. WFG does not pay for you.
2. You pay 52 hr. life agent course study -- various schools are available online, you attend in person etc. etc. WFG does not pay for you.
3. Test fee. WFG does not pay for you.
4. WFG's some offices "seminar" do not offer product training. Each office is run differently, which shows that their head office does not have consistent training program for free.
5. Your commission is only 25 - 35% unless you have at least 3 to 10 agents beneath yourself
6. Multi Level Marketing plus pyramid scheme
7. To learn various kinds of financial products, you pay the tuition from your own pocket.(please refer to no. 4)
8. Your mentor sells not only life insurance but also mutual funds

This model lures the agent by telling them that you would not only gain by sale of yours but also gain by sale of agents under you (Amway Model). The agent should understand that although they are earning bit of other agent's commission, a big chunk of his commission is also eaten by agents above him. Therefore, the commission that the agents get by WFG sales is quite less then the direct sale that they will do with channel other then WFG.

Because WFG believes in quantity more then quality of agents, the application filled quality & the quality of service given to the customers is really poor. This leads to lots of application entry errors, reduced customer satisfaction & at the end, lost customers.

The following URL is interesting for you.

http://money.cnn.com/magazines/moneymag/money...
Bruceman

Edmonton, Canada

#8 Sep 10, 2010
Jake Bumblebee wrote:
I am writing the fact, not what is right or wrong. Trying to be informative. There is nothing wrong to do business in Amway style which is somewhat gray zone business. Again, some people love it. Some people hate it. You are the one to make a choice. Again, I am only trying to be informative. The information I share on this website is that WFG usually does not tell candidates at the BEGINNING.
They sell mainly Western Reserve Life's policies backed up by Aegon Bank, a dutch bank. They surely help people who don't have concrete future financial planning. There is nothing really wrong with it.
1. You pay $100 registration fee. WFG does not pay for you.
2. You pay 52 hr. life agent course study -- various schools are available online, you attend in person etc. etc. WFG does not pay for you.
3. Test fee. WFG does not pay for you.
4. WFG's some offices "seminar" do not offer product training. Each office is run differently, which shows that their head office does not have consistent training program for free.
5. Your commission is only 25 - 35% unless you have at least 3 to 10 agents beneath yourself
6. Multi Level Marketing plus pyramid scheme
7. To learn various kinds of financial products, you pay the tuition from your own pocket.(please refer to no. 4)
8. Your mentor sells not only life insurance but also mutual funds
This model lures the agent by telling them that you would not only gain by sale of yours but also gain by sale of agents under you (Amway Model). The agent should understand that although they are earning bit of other agent's commission, a big chunk of his commission is also eaten by agents above him. Therefore, the commission that the agents get by WFG sales is quite less then the direct sale that they will do with channel other then WFG.
Because WFG believes in quantity more then quality of agents, the application filled quality & the quality of service given to the customers is really poor. This leads to lots of application entry errors, reduced customer satisfaction & at the end, lost customers.
The following URL is interesting for you.
http://money.cnn.com/magazines/moneymag/money...
This is exactly what I have been saying on these forums. Thanks for the input.
paul shykora ARTs

Calgary, Canada

#9 Sep 11, 2010
miss Dr. BRUCEMAN....you's '''ARE THE Problem''',unto thself,ttoooooooooooo booooooooot!!....eh...
Jody

Edmonton, Canada

#10 Nov 28, 2012
Lawrence Ellison wrote:
Do you believe the WFG shills on here? Remember if it has a lot of hype and hustle it is almost certainly a scam of some kind, WFG is no exception.
World Financial Group = hustlers, con men and frauds. How to lie cheat and steel from the old ladies and the financially ignorant, this is all illegal. If you want to get ripped off go to World Financial Group they will empty your pockets and tell you your a millionaire. If you like ripping people off and not get payed much join World Financial Group, it is the place to be! They will make you poor :)
There fees are very high and they know how to legally rip you off. Things like variable annuities and buying tons of insurance you do not need. All they know how to do is recruit and sell. They have zero financial expertize. The products they sell are made to take your money and give it to the parent company.
Type in WFG at the SEC's site and you will get a sample of all the fraud that is going on at WFG.
http://search.sec.gov/secgov/index.jsp#queryR...
Consider yourself warned!!
=======
Thank you for posting that link. I am an associate with WFG here in Alberta Canada and am shocked at how different WFG seems to be in the US. I have to wonder if the complaints were about legitimate WFG associates or people posing as advisors. I have not had to pay any fees other than a criminal background and financial stability check thus far (they need to know I have no criminal ties or have not declared bankruptcy in the past....a reasonable expectation given the laws that govern Canada's financial, tax and insurance industries. I have been made no promises about $$ that I can make and am told that hard work, honest work will benefit my business and my clients. I am not pushed to "sell" anything, rather to look closely at a family's/client's needs/wants/values in order to prepare a plan that best fits their goals...being a referral based business I'm not going to earn a referral if I do a poor job. Our motto is "no family left behind". The rich get richer because of the information/advice/education they can buy. Middle income Canadian families deserve the same chance and shouldn't have to pay for it! I can help someone pay off their mortgage years earlier thus saving tens of thousands of dollars in interest. I can help people pound away at their debt load to pay it off sooner rather than later without emptying their pockets. I can help them get protection for themselves and their family that FITS their needs. Of all our product/service providers *like products pay us the same compensation* so we don't offer one provider over another to benefit ourselved--NO--we offer the best products/services to fit our clients' needs.

I am disheartened to know that there are such horrible complaints out there, but they truly don't sound like anything related to the WFG that I am proud to be a part of. I am in business for myself, but not by myself and have loads of support, education, must write province-sanctioned exams and achieve a high mark to get my licenses.........I have looked hard to find a legitimate complaint about this business if only to protect myself, but as yet I haven't found it. And for the record, the few clients I've been honoured to earn thus far are very satisfied.

I am sorry to know there are dissatisfied people out there, I just have a hard time believing it has anything to do with my business group. Do your research folks. Follow your heart, but lead with your head.
PAUL SHYKORA ARTs

Calgary, Canada

#11 Nov 30, 2012
Sgt_Steele wrote:
Whats your beef with WFG?
..yha ..like man...eh...??...yada u u
mel

Edmonton, Canada

#12 Jun 2, 2015
Ray L wrote:
Hi WFG is a business cult like Primerica. It's headquarters are in Duluth Georgia just like Primerica so they spawn from the same people. It's a multi-leveling marketing company (a pseudo-pyramid scheme). It also brainwashes people to make money.
I started a facebook group about it. If you have facebook and you agree that it should be stopped please join my group. It's called "World financial group - a very dangerous company." Facebook is a huge social network so if work spreads around facebook hopefully it can combat WFG and Primerica and other MLM companies. Join and protect yourself and the ones around you from these money hungry freaks!
Hey there I couldn't find the group. Can you help me

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