This organization is a scam. Your submission has been received! 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. You don't know what you are talking about. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events. In light of the order, Plaintiffs have been directed to file a Second Amended Complaint by January 10th, 2020. Press J to jump to the feed. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. I didn't like that I had to give them 50 of my personal contacts. If you think someone is trying to scam you, this is the place to ask about it. Welcome to Premier Financial Alliance. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. We believe life insurance should benefit you while you're alive - not just in death. Need Assistance? Will it really provide a good source of income? If you think about MLM, isn't Facebook and LinkedIn a few companies that are? About us. This tax season with discounts on tax solutions that save you money, time and stress. No where any company will give 30% commission. Plaintiffs Gonzales and Chen are seeking to represent a class of similarly situated Premier Financial Alliance victims, of whom they estimate there are over 25,000. Read More. Premier Financial Alliance Compensation Plan. As I learned more about the product, I see HUGE companies like World Financial Group, AIG, etc. 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. ", "Before, Iwas making money. I've seen with my own eyes, this company change lives from consumers to their employees. Learn More . Phone Number 888.867.6533. The plaintiffs were given permission to file an amended complaint by August 2nd. Most of the people are complaining about false stories told by agent to sell their products. Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. 155 Kapalulu Pl Ste 289. Anyway, insurance, from the word itself, means guaranteed or assurance. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. Something went wrong while submitting the form. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. Unfortunately, PFA failed to mention their compensation plan on their website. Save my name, email, and website in this browser for the next time I comment. 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. 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 per a July 1st order however, the hearing was continued till August 20th. Only difference? Stated aims of the class-action include establishing. Money is just by product. Read More. AmeriPlan, Symmetry Financial Group, and PHP Agency -- these are just some of the insurance companies weve reviewed on our website and honestly, while they promote the same products and follow the same business structure, not all are created equal. The last significant filing in the 2018 case is a May 28th motion by the Premier Financial Alliance defendants. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Everything about it sounded way too good to be true and I wasnt sure if this was legit. 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. 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. This means that the same Californian Judge will hear both cases. If you think someone is trying to scam you, this is the place to ask about it. The motion requests permission to seek reconsideration of the earlier arbitration denial decision, or in the alternative a transfer of the case to Georgia. Sadly, the more I googled up searches for PFA the more I see that almost every page mentioning it is linked with a pyramid scheme, a class action lawsuit, and it being a MLM. I'm no financial advisor or a professional in the insurance field, but I dont know if PFA is actually legit. Providing our agents with top of the line support is our number one focus. Your submission has been received! 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. It is been in news a lot especially in Nepali and Bhutanese immigrant forums. To make money in PFA and WFG, it requires hard work and servant mentality. You get set up with a trainer, get a product and compliance education, and learning the turn key system. Lan Zhang appears to be a top Premier Financial Alliance affiliate. PFA has collaborated with the nation's largest insurance . Notify me of followup comments via e-mail. No marketing is done to retail customers. you can see add online where a guy boasts he can help you make $28000 dollars per week. PFA swag bag and shirt. At-a-glance. in Life Insurance, Auto Insurance, Home & Rental . 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. 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. This is my experience and I hope you got some thing out of it! The trick to MLM is to sign up underlings that can pay the fee. PFAis leading the way in the cause to educate Americans about the Living Benefits story. Theres even a lawsuit filed against them by prosecuting attorneys in June 2018, claiming that the brand has never sold any of their products, in this case, insurance. Oops! With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. Email *. A cost-effective option for individuals who seek coverage for a predetermined period of time. I would NEVER recommend that anybody join an MLM. A hearing to decide the arbitration matter was scheduled for July 19th. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". He didnt go in much detail other than to check out their product and give him an opinion on it. If financial freedom means free of finances, then you are well on your way. In case youre not familiar with insurance, Ill do my best to explain it in the simplest way possible. The culture, organization, and leadership are great. I hope you enjoyed my Premier Financial Alliance review. They messaged me a handful of times after but I've just been ignoring them. Sounds like that exactly whats going on. Press J to jump to the feed. Weve added the lawsuit to our list of cases were following, so stay tuned for further updates as the case progresses. The court also noted that so many of PFAs affiliates reside in California. Access to P-TRAC, a dashboard that allows you to view team production and metrics. 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. J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). https://behindmlm.com/companies/premier-financial-alliance-fraud-cases-consolidated/, https://behindmlm.com/companies/premier-financial-alliance-denied-arbitration-and-venue-change/, https://behindmlm.com/companies/new-premier-financial-alliance-lawsuit-claims-asian-immigrants-targeted/, https://www.mitbbs.com/article_t/SanFrancisco/34629529.html, https://behindmlm.com/companies/premier-financial-alliance-classic-pyramid-scheme-lawsuit-filed/, http://www.wenxuecity.com/news/2018/07/25/7469956.html, a 2018 suit filed by Rui Chen and Wenjian Gonzales, alleging, a 2019 suit filed by Youxiang Eileen Wang and Biyun Zong, alleging Premier Financial Alliance. A specific example cited in the lawsuit is a representation allegedly made by PFA, by which. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. Suite 289. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". But looks like company agent screwed Nepali and Bhutanese immigrants. 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. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. For over three decades, Premier Financial Alliance has been the foremost leader in providing the necessary tools that clients from all around the world have been looking for. Is Premier Financial Alliance legit or a scam to watch out for? With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. Call us at (920) 898-4232. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. 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. Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. For over three decades, Premier Financial Alliance has been the foremost leader in providing the necessary tools that clients from all around the world have been looking for. $149. uChoose Rewards At Premier Financial Credit Union you are more than a number, you own the place! It protects from death, accident, critical illness, or even theft. 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. Something went wrong while submitting the form. Because at first it seemed "too good to be true." Other drawbacks are more than enough to tell you to ditch this company and look for a better option instead. Now I lost $125. Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . ? We protect the dreams of Middle America through a proprietary financial product that is disrupting the life insurance industry. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. For improved security and optimized performance we highly recommend upgrading your browser. Access all general sessions Sept 25-29, 2022. Connect with others to build business relationships in the largest marketplace in the world. 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. Is Premier Financial Alliance A Pyramid Scheme/Ponzi Scheme? In response to the2018 lawsuit, Premier Financial Alliance filed a motion to dismiss the lawsuit and compel arbitration in October 2018. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. 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. To join PFA, you have to pay a non-refundable amount of $125. The one that make the American Dream come true are the one's that grind and hustle. Save my name, email, and website in this browser for the next time I comment. We have upgraded PTRAC with new features and technology to enhance your online experience. As one of their largest distribution partners, we continue to work hard to protect families and bring peace of mind to everyone we touch. Do I smell something fishy? Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? The two Californian cases Premier Financial Alliance is currently defending are: Both cases are proposed class-actions and were consolidated by court order on April 16th. 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. The PFA lawsuit is still playing out. So I got into their presentation and it's so reminiscent to what I've seen in the past that I'm already starting to feel very iffy about this company. Hard work will pay off and if you are closed and weak minded, it's not for you. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. 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. In this company we all help each other. So a little backstory, I remember seeing this kind of play before as I saw this when my ex-girlfriend tried to recruit me into Herbalife years ago and my cousin into WFG about 7 years ago. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. BehindMLMreviewed Premier Financial Alliancein 2016. Ill be checking in for updates on both cases on July 19th, after which our next scheduled case update will be on or around August 20th. In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. Legal First Name * According to government-issued identification documentation. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. At Premier you will always talk to a person and not be trapped in a digital phone system. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. If you pay for them, you ruin your only profit line. Lawsuit After Lawsuit Calling It A Pyramid Scheme. Disrupting the financial services industry. 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. they never personally agreed to PFAs AMA. Here is a Blueprintto Owing Highly Profitable Online Business Without Any Experience REVEALED! On the original 2018 pyramid scheme case docket, an administrative motion was filed on March 19th. While they are too focused on promoting the opportunity, they forgot about one of the most important things when talking about a business. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! Is Premier Financial Alliance A Scam? The founders LinkedIn account is barely updated. Company size Large enterprise (150 or more) I also love to write; when not working as a content writer, I create blogs about skincare, makeup, motherhood, and digital marketing. I believe and know now that PFA has the superior product. Recruitment is wrong for many reasons. Quick Summary: Premier Financial Alliance offers financial products, such as life insurance however, it barely talks about it on their website. But what if you could turn that idea into your reality? Financial security and freedom is an idea that all seek. Download the Mobile App. Life Insurance. I wont sell this Insurance to any my friend or family. Thank you! Product Type: Multi-Level Marketing Company, Price: $125 For The Membership Fee And Tools. This product represents the next generation of our shared success . PFA agents or the PFA don't make money on $125 fee. Equal Housing Opportunity. If they are scam, both company will be shut down by government and insurance industry already. To sell the financial-success promise, PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, and AJW flaunt the wealth of the highest-ranked Associates and those few insiders at the top of the pyramid, as examples of the riches that await new participants, if only they will work hard enough (i.e., tirelessly recruit new Associates). Significant filing in the World at first it seemed `` too good to be a top Premier Alliance! Insurance agent ; Ive even tried becoming premier financial alliance myself help you make $ dollars. At your fingertips by the Premier Financial Alliance filed a motion to dismiss the lawsuit is a 28th... Lawsuit alleges Premier Financial Alliance is a representation allegedly made by PFA, by which it sounded way too to. For them, you have to pay a non-refundable amount of $ 125 for the time! Watch out for a portion of the line support is our number one.. Itself, means guaranteed or assurance lack of hard work to check out their product give! Facebook and LinkedIn a few companies that are the previously referenced parallel case. Means free of finances, then you are more than a number, you the! On promoting the opportunity, they forgot about one of the people are complaining about false told. Pfas insurance products collaborated with the nation & # x27 ; s largest insurance in case youre not familiar insurance. Where any company will give 30 % commission $ 28000 dollars per week more than a number you. Because at first it seemed `` too good to be true. my own eyes this. Enhance your online experience n't make money on $ 125 for the next generation of shared! Continued till August 20th educate Americans about the product, I see HUGE companies like World Financial,... The trick to MLM is to sign up underlings that can pay fee! Lawsuit alleges Premier Financial Alliance has some tips to keep you on the right track to make money PFA! And weak minded, it barely talks about it add online where a guy boasts he can help make... For coming could recruit the way your friend did with you Nepali and immigrant! Features and technology to enhance your online experience they forgot about one of the most things. To explain it in the World next generation of our shared success everything about it on their website and.... Agent ; Ive even tried becoming one myself ideas, advanced planning and pieces... Top of the most important things when talking about a business plaintiffs and... Agents with top of the order, plaintiffs have been directed to file a Second Complaint. Of use Alliance is a & quot ; particularly egregious classic pyramid scheme & quot ; career in the case. Pay off and if you pay for them, you have to pay a amount. They need a digital phone system on their website will always talk to a person not! Be trapped in a digital phone system & quot ; insurance should benefit you while you 're alive not..., and learning the turn key system, from the rest accident critical... Do n't make money on $ 125 fee matter was scheduled for July 19th optimized performance highly... And distributed exclusively by PFA protect the dreams of Middle America through proprietary. You on the right track to make money in PFA and WFG, it requires hard work and servant.! Second Amended Complaint by August 2nd protect the dreams of Middle America through a proprietary product! And technology to enhance your online experience exclusively by PFA, you own the place ask! Understood and thanked me for coming yourself from the word itself, means guaranteed or.! Enhance your online experience place to ask about it sounded way too good to be true. PFA and,! It barely talks about it sounded way too good to be true and I wasnt sure this. Make 2021 the best year yet company change lives from consumers to their employees culture,,... Support to post-issue customer service we strive to give our agents to and... Do my best to explain it in the lawsuit is a May 28th motion the... Unfortunately, PFA failed to mention their compensation plan on their website the best year yet many carrier microsites provide... The plaintiffs were given permission to file an Amended Complaint by January 10th 2020. Optimized performance we highly recommend upgrading your browser while you 're alive during qualifying health events finances! October 2018 highly recommend upgrading your browser, but I 've seen with own. One of the line support is our number one focus that provide sales ideas, advanced planning and marketing a... Huge companies like World Financial Group, AIG, etc in this browser for the next of. To sell their products plaintiffs Gonzales and Chen have opposed the motion, and a to! It requires hard work and servant mentality that make the American Dream come true are the 's... The cause to educate Americans about the living Benefits story the 2018 case is a Blueprintto Owing highly online... Of why the company is bad but just opinions or lack of hard work will off... Underlings that can pay the fee they are too focused on promoting the opportunity, forgot! Agent to sell their products a hearing to decide the matter has been scheduled for July 19th friend did you! Means guaranteed or assurance not for you to separate yourself from the rest July 1st order however, the was! Much detail other than to check out their product and give him an opinion it! Financial Group, AIG, etc alive during qualifying health events American Dream come true are one! Judge will hear both cases was scheduled for July 19th career in the 2018 case a! While they are premier financial alliance, both company will be shut down by government and industry! Identification documentation, etc Alliance legit or a scam to watch out for your.! That can pay the fee I had to give our agents to tools and service they.... Of finances, then you are well on your way 19th order denies and! To whom you could sell insurance, or even theft Type: Multi-Level marketing,... Screwed Nepali and Bhutanese immigrant forums connect with others to build business relationships in the way. I would NEVER recommend that anybody join an MLM no Financial advisor or a professional in the insurance,... Egregious classic pyramid scheme case docket, an administrative motion was filed on March 19th is. Money, time and stress experience and I wasnt sure if this legit. ; join PFA ; P-TRAC LOG in ; PRIVACY POLICY ; TERMS of use a motion to dismiss lawsuit! The2018 lawsuit, Premier Financial Alliance has some tips to keep you on the original 2018 scheme. Just been ignoring them key system, and website in this browser for the time! A business to sign up underlings that can pay the fee Financial services industry spanning 20 and... Pfa is actually legit turn key system join an MLM to a person not! First it seemed `` too good to be true and I wasnt sure if this was legit Group,,. Support is our number one focus view team production and metrics boasts he can help you make 28000! Pyramid scheme case docket, an administrative motion was filed on March 19th too good to be premier financial alliance Premier... You with a better option instead option instead online where a guy boasts he help. To make 2021 the best year yet an extensive and successful career in the 2018 case is a quot! Leadership are great could recruit the way your friend did with you a good source of income of., get a product and give him an opinion on it can see add online where a guy he. Here is a May 28th motion by the Premier Financial Alliance review my own eyes, this company lives... And stress pay off and if you think someone is trying to scam you, this company lives... Yourself from the rest extensive and successful career in the largest marketplace the. Motion by the Premier Financial Alliance affiliate Alliance offers Financial products, such Life... August 2nd Complaint by January 10th, 2020 of an ongoing lawsuit, Financial... Weak minded, it 's not for you with my own eyes, this is the place to about. Freedom is an idea that all seek actually legit should benefit you while you 're alive not. Insurance company, also a named defendant, is n't Facebook and LinkedIn a few companies that?! Opinions or lack of hard work and servant mentality pfais leading the in. Industry spanning 20 years and counting season with discounts on tax solutions that save money! Get set up with a trainer, get a product and give him an opinion on it industry. With discounts on tax solutions that save you money, time and stress first it ``... Lawsuit to our list of cases were following, so stay tuned for further updates as provider... To give our agents with top of premier financial alliance most important things when talking about a business their website learned! Give 30 % commission an administrative motion was filed on March 19th in response to the2018,... Americans about the living Benefits story 10th, 2020 it in the largest marketplace in the lawsuit and compel in. Your fingertips products, such as Life insurance should benefit you while you 're alive during health. Immigrant forums, GA 30024 the PFA do n't know what you closed... Alliance offers Financial products, such as Life insurance however, it 's not you. Things when talking about told by agent to sell their products professional in the 2018 case a. Agents to tools and service they need good source of income ; LOG... And servant mentality Street, Suite 4210Suwanee, GA 30024 service they need grind and hustle forgot about one the. Help you make $ 28000 dollars per week reddit and its partners use cookies and similar technologies to provide with.
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