premier financial alliancepremier financial alliance
PFAs argument that the company and its employees are based out of Georgia was also rejected. Honestly, I dont see anything to like about Premier Financial Alliance. 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. Copyright Press J to jump to the feed. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. PFA and WFG does not make money of recruiting people. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. To join PFA, you have to pay a non-refundable amount of $125. The PFA lawsuit is still playing out. All rights reserved. I hope you enjoyed my Premier Financial Alliance review. In addition, the PFA agents receive a commission when they recruit a new affiliate. 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 . In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. 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. whether Defendants are operating an endless chain; whether Defendants omitted to inform the Plaintiff and the plaintiff class that they were entering into an illegal scheme where an overwhelming number of participants lose money; whether PFAs statements of income during the Class Period were deceptive and misleading; whether PFAs conduct constitutes an unlawful, unfair and/or deceptive trade practice under California state law; whether PFAs conduct constitutes unfair competition under California state law; whether PFAs conduct constitutes false advertising under California state law and; whether the Defendants violated the Department of Insurance Guidelines in representing the benefits under a policy and/or underwriting. I believe and know now that PFA has the superior product. There are many types of insurance though so be sure to understand what you are getting first and its entire coverage to avoid confusion. 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). On January 22nd, 2019, the court denied both motions. Get your ticket. Are you making money by recruiting people to sell whatever it is they're selling? 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. Because the Living Life IUL policies are far more expensive than National Life Groups non-Premier Financial Alliance policy alternatives, Premier Financial Alliance agents are unable to sell these Living Life IUL policies outside of the Premier Financial Alliance pyramid. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. The scheme targets Chinese, Vietnamese, and Filipino immigrants and their families with promises of riches from recruiting people to buyand sellthe Living Life Indexed Universal Life Insurance policy, issued by Life Insurance Company of the Southwest. 132 were here. Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. C2820332, that currently does business at 8000 Marina Blvd., Ste. If they are scam, both company will be shut down by government and insurance industry already. If yes, then you should join our top-recommended program. Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. The court also noted that so many of PFAs affiliates reside in California. Premier Financial Credit Union. No marketing is done to retail customers. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Under PFAs compensation plan, a victim only gains a rank by recruiting people into the business opportunity. Legal Name Premier Financial Alliance, Inc. Company Type For Profit. 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). I would NEVER recommend that anybody join an MLM. Financial Calculators. It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. Mmmm yeah that is not for me. Because at first it seemed "too good to be true." Address Line 2 (Optional) PFA is broker for Life Insurance Companies. Their three pillars- knowledge, power, and success- are a major part of what makes Premier Financial Alliance the longstanding success it is today. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Personal Information. Now older immigrants(agents) are telling than insurers should have read all the conditions and you should be aware about all repercussions but vicitims think they were lied. The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. Stated aims of the class-action include establishing. 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. About us. Just personal reference. 100, Brisbane, CA 94005. 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. I would suggest to you vadude1, to give this a try. I liked the life insurance product and the fact that you can use it in emergencies but I did not like their recruiting strategy. theYear = theYear + 1900; 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. That's not really a success story. With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. For over three decades, PFA has provided thousands of people from all walks of life the . The trick to MLM is to sign up underlings that can pay the fee. My only regret is not wasting as much time trying to find the "problem,"but to have started earlier. As per a July 1st order however, the hearing was continued till August 20th. "The financial benefit let me focus on the healing and recovery and not having to worry about losing my home. There are fees that you need to settle to become a licensed one and more or less, you need to pay $100 to $200 for this. This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. 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. Providing our agents with top of the line support is our number one focus. Some are legit with good opportunity while some are a downright scam. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. To the person who said they borrow against the insurance to pay for the cancer treatment. Awesome. They have insanely positive mindset but it kinda borderlines toxic positivity. Thank you! According to the FTC, if the source of your income heavily relies on the number of your recruits and not on the sales you get for selling their products, its a telltale of a pyramid scheme. If so why would you borrow what is yours? Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. BehindMLMreviewed Premier Financial Alliancein 2016. 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? Contact Information. He began his career in the financial services at a time when he was . 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. It's actually great. PFA has collaborated with the nations largest insurance companies to sell life and annuity products to the general population. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. Press J to jump to the feed. Manages clients' investments, helps them buy and sell stocks and bonds, assists with tax planning, etc. Sounds like that exactly whats going on. PFA and WFG does not make money of recruiting people. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. I've seen with my own eyes, this company change lives from consumers to their employees. Premier Financial Alliance affiliates are promised. They are obviously doing something right. It is been in news a lot especially in Nepali and Bhutanese immigrant forums. This organization is a scam. Is the WFG (World Financial Group) a scam? PFA agents or the PFA don't make money on $125 fee. In response to Plaintiffs Rui Chens and Wenjian Gozales pyramid scheme lawsuit, Premier Financial Alliance attempted to compel arbitration. Although prospective associates are told they will be able to maintain their own insurance business, the policy bought and sold through the pyramid is significantly overpriced. Save my name, email, and website in this browser for the next time I comment. They messaged me a handful of times after but I've just been ignoring them. A hearing to decide the arbitration matter was scheduled for July 19th. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. At Premier Financial Credit Union you are more than a number, you own the place! Community. Create an account to follow your favorite communities and start taking part in conversations. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. Oops! 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. Connect with others to build business relationships in the largest marketplace in the world. This tax season with discounts on tax solutions that save you money, time and stress. Something went wrong while submitting the form. For one, if its the sole source of income, it is unstable. The Plaintiffs have been directed to file a consolidated complaint (combining allegations made across the two original lawsuits), within fourteen days from April 16th. Unfortunately, PFA failed to mention their compensation plan on their website. 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. That's your money that you put into the account to buy your death benefit so you're now paying interest on your cash. 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. He didnt go in much detail other than to check out their product and give him an opinion on it. As a new Premier Marketing Associate you will be instructed that the key to attaining success in your business lies in assisting each of your . For 2 of the years, I was trying to research and see what they are all about. 5.2 miles away from Premier Financial Alliance. You don't know what you are talking about. Post your questions here and have them answered by people who are knowledgeable about all types of scams. At Premier Financial Alliance, financial freedom is more than just a dream; its an achievable way of life. That being said, its important to do a background check before joining a program; let alone buying a product or service to avoid being scammed. PFA and WFG are both legitimate company, not a scam. At Premier Financial Credit Union you are more than a number, you own the place! Premier Financial Alliance have been directed to file their response to the lawsuit within twenty-one days of the filing. they never personally agreed to PFAs AMA. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. Membership Join the Credit Union! This includes the tools you need to grow your business, such as the PFA email system, marketing system, and business monitoring system. However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. If you think about MLM, isn't Facebook and LinkedIn a few companies that are? Affiliate membership requires payment of a $125 fee. Financial security and freedom is an idea that all seek. After paying the membership fee, you can have access to the tools and support necessary to grow your business, such as their training, financial education, and leadership program. That was the first red flag but I was bored and curious. uChoose Rewards From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. So, youre looking for a source of income that wont put your name and money at risk? Permanent life insurance protection with a cash value component. In light of the order, Plaintiffs have been directed to file a Second Amended Complaint by January 10th, 2020. Everything about it sounded way too good to be true and I wasnt sure if this was legit. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Founded by David Carroll (whos also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. Its hard, but once you make it, understand it. I joined Vasiliy as a writer for Best Lifetime Income blog. This product represents the next generation of our shared success . 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. They get paid by insurance companies by educating the public and submitting policies for clients. 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. 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. A specific example cited in the lawsuit is a representation allegedly made by PFA, by which. For instance, the Defendants market and advertising in their materials, reports, scoreboards, and charts that a Career, Associate is urged to recruit at least three people and submit three sales of minimum 9,000 points in the first thirty days of joining PFA.. 1st client get 30% commission. Is he supposed to have used a life insurance for that? The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. The said lawsuit also claims that the sole source of income comes from recruitment and again, thats a telltale of a pyramid scheme. I noticed people sign up and don't do anything about it. The wechat (a popular social networking platform), instagram,facebook, and twitter posts made during the class period boast of luxury vehicles, grandiose trips, expensive fine dining. June 25, 2018. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. If you check Premier Financial Alliance websites, you cant simply find the products or the type of insurance they offer; rather, they focus on promoting the opportunity. Welcome to Premier Financial Alliance. 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. Press question mark to learn the rest of the keyboard shortcuts. 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. I dont like MLM. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. Top 6 Working From Home Tips and Tricks. As a new Premier Marketing Associate you will be instructed that the key to attaining success in your business lies in assisting each of your clients to reach their financial goals. 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. Online, offline, email, or postal. Here is a Blueprintto Owing Highly Profitable Online Business Without Any Experience REVEALED! ", "Before, Iwas making money. Read More. Dedicated Agent Support. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. 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. From our products and services to all the good we do in our communities. If they are scam, both company will be shut down by government and insurance industry already. Because of the reputation it has. A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. tak(ing) money in return for the right to sell insurance policies, which are readily available on the market at a lesser price. }; January 12, 2022. At Premier you will always talk to a person and not be trapped in a digital phone system. Tickets purchased by May 31, 2022. 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. Premier Financial Credit Union Mobile Logo. Money is just by product. I actually have heard of this company for 3 years now. PFA is broker for Life Insurance Companies. 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. Otherwise, check out our top-recommended program if you dont want the hassle of selling and recruiting. 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. However, the presentation did bring up a couple of interesting points in terms of life insurance and a retirement plan. theYear = now.getYear(); In fact, these two companies are growing each year without any illegal problem. 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. Their tools lead you to a customized roadmap that is tailored to your specific needs and goals, in a way that suits you and your family. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. PFA agents or the PFA don't make money on $125 fee. In response to the2018 lawsuit, Premier Financial Alliance filed a motion to dismiss the lawsuit and compel arbitration in October 2018. PFA and WFG are both legitimate company, not a scam. Find locations. If recruitment stops, so does your profit. There are lawsuit against PFA, but they are all denied. Providing our agents with top of the line support is our number one focus. And obviously you won't get any results that way will you? Premier Financial Alliance Compensation Plan. Looking at the case docket, Premier Financial Alliance have thus far failed to respond to the lawsuit. What Is Premier Financial Alliance About? In this post, well talk about an insurance organization called Premier Financial Alliance and why its making noise online. The Premier Financial Alliance Lawsuit. They can agree that this is the best company we have joined by far. As for Premier Financial Alliance, what they offer are the following: In case the policyholder dies, its beneficiaries (such as their parents, spouse, and/or child) will receive a sum of money they can use to cover expenses after death, such as hospital bills, pay for loans and other debts, or simply to purchase essentials. Lan Zhang appears to be a top Premier Financial Alliance affiliate. Your submission has been received! In fact, these two companies are growing each year without any illegal problem. They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gonzales in California. While insurance is essential and I strongly agree with having this, one of the most important things you have to take note of is the insurance company itself. 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. 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. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. Anyway, insurance, from the word itself, means guaranteed or assurance. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? You can check more insurance companies here. Founded in, 2021 headquarterlocation.com. Daily lunch (Sept 27-29th) Early check in September 25, 2022. According to Chen and Gonzales, 100% of (Premier Financial Alliances) revenues (comes) from chain recruitment. Lawsuit After Lawsuit Calling It A Pyramid Scheme. As one of their largest distribution partners, we continue to work hard to protect families and bring peace of mind to everyone we touch. 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. 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. Donald Trump and Robert Kiyosaki recommend it? 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. This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. I cant stress enough the importance of knowing the details about their compensation plan before going into the opportunity. I don't work for pfa but I know that my mom benefited from her insurance through them. Knowledgable and experienced mentors with you every step of the way. However, if I were to choose an insurance company that Ill become an affiliate with, PFA will not be on my list. MLM is legal business system that has been around and proven to be very efficient. Access to P-TRAC, a dashboard that allows you to view team production and metrics. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. Once they pay the $125 membership fee and buy the Living Life IUL policy, Premier Financial Alliance associates are pressured to recruit and sell the policy within their network of friends and family members, typically from the same immigrant group. Its not just in case you die - it's to live a life you love. In case youre not familiar with insurance, Ill do my best to explain it in the simplest way possible. Post your questions here and have them answered by people who are knowledgeable about all types of scams. Create an account to follow your favorite communities and start taking part in conversations. In addition to covering that, today were also revisiting the original 2018 Premier Financial Alliance pyramid lawsuit. Here are the top work-from-home tips from our staff. Premier Financial Alliance Insurance Pyramid Scheme Complaint. ", To be able to double my income in such a short period of time is something I never imagined I could do. However, this doesnt cover the other expenses when you want to be a legit insurance agent. All it says is that they are selling your dream but if I know, this is a way to attract people. Nowadays, people can sue people, company sue company every day. 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. We have upgraded PTRAC with new features and technology to enhance your online experience. 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. So why don't we? 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. This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. Honolulu, HI 96819-1826. Do I smell something fishy? A fixed indexed annuity uses a formula to calculate interest that considers the performance of an underlying index without actual market participation. The problem with most people now days, they want easy money while being lazy. If so, seeing how it sounds like he was still alive, he might have sold the insurance (at a large loss), using the remaining money for his urgent bills, and now have no insurance any more. Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. 155 Kapalulu Place, Honolulu, HI 96819 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. , then you should join our top-recommended program not be on premier financial alliance list that... Wenjian Gonzales in late 2017 or early 2018 sure to understand what you are getting and. Anyway, insurance, you can use it in emergencies but I just... Was continued till August 20th to explain it in the Financial services industry spanning 20 and! In late 2017 or early 2018 seen with my own eyes, this doesnt the... A lot especially in Nepali and Bhutanese immigrant forums insurance, you can begin receive... A commission when they recruit a new class-action was filed against Premier Financial Alliance reviews show hundreds of clients! Against the insurance to pay for the next time I comment jack has had an extensive and career... Of recruiting people only | Copyright 2023 Premier Financial Alliance is facing two separate lawsuits that it... Chen and Gonzales in late 2017 or early 2018 generation of our shared success generation of premier financial alliance success... Claims that the company 2018 Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite,! Policies for clients, if I were to choose an insurance organization called Premier Financial Alliance, Inc1300 Peachtree Blvd. I hope you enjoyed my Premier Financial Alliance is facing two separate lawsuits that accuse it being... 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Getting first and its employees are based out of 100 people you prospect, you own the place against., to give this a try if yes, then you should join our program! Thing with insurance, Long Term Care Coverage, income Protection, Medicare Supplements and more Rui Chen and in! Mentors with you every step of the line support is our number focus... Could sell insurance, you can use it in the simplest way possible in 2017 and in. That save you money, time and stress LinkedIn a few companies that are team production and metrics any. Financial premier financial alliance Inc. | Powered by fact that you put into the business opportunity class-action was...
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