Company Premier Financial Alliance Seal Team. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. Most of the people are complaining about false stories told by agent to sell their products. With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. The importance is, is the lawsuit successfully. Stated aims of the class-action include establishing. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. Find company research, competitor information, contact details & financial data for Premier Financial Alliance, Inc. of Suwanee, GA. Get the latest business insights from Dun & Bradstreet. Post your questions here and have them answered by people who are knowledgeable about all types of scams. Thank you! Find locations. Awesome. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. A case management conference has been scheduled for January 13th, 2020. Providing our agents with top of the line support is our number one focus. 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. Here is a Blueprintto Owing Highly Profitable Online Business Without Any Experience REVEALED! Equal Housing Opportunity. 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. 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. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. A specific example cited in the lawsuit is a representation allegedly made by PFA, by which. 15100PFA, 625Rui ChenWenjian Gonzales29Premier Financial Alliance, PFA(national life group, PFADavid CarrollJack WuRex WuLan ZhangBill HongAJWAJWPFA, PFAJack WuPFARex WuLan ZhangBill HongPFA, PFALan Zhang300PFA, PFARui ChenWenjian GonzalesPFA20172018PFA, PFACareer Associate, Field Associate, Senior Associate Provisional Field Director, , ,, PFA125, PFA63PFA, PFA, JESSICA , , JESSICAJESSICA, 1-1210, 2, JESSICA10100, 25015, 125IDsign in, id=5525055525015., googlePFA, , 125PFA, JESSICA, 125, JessicaCHARGE125, PROCESSINGclaimPFA, LyndaPFAPFA, PFAPFA, PFALyndaPFAPFAnational life group agency, LyndaPFAPFALynda125PFAPFA, 528125PFA305Lynda628200507005000, PFA55%305PFA55%, LyndaLyndaPFA5-5-303055, Lynda617PFAPFA, 79Donna M. Ryu, Premier Financial Alliance fraud cases consolidated, Premier Financial Alliance classic pyramid scheme lawsuit filed, David CarrollJack WuRex WuLan ZhangBill HongAJW, PFAJack WuPFARex WuLan ZhangBill Hong, Rui ChenWenjian GonzalesPFA20172018PFA, , PFA, , 25015, , PFAPFA, 528125PFA305, PFA55%, 305PFA55%, PINNACLE ACADEMY After School Learning Center, Susan Goodkin Selective College Consulting, Mingfei (Kurt) Ha | REALTOR Licensed in MD, VA, DC, Zhen Wang | Real Estate Investment Advisor. Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. As long as you are willing to learn about it, I dont see any problem at all. PFA has collaborated with the nations largest insurance companies to sell life and annuity products to the general population. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. No where any company will give 30% commission. In fact, these two companies are growing each year without any illegal problem. Lawsuits after lawsuits, allegations about it being a pyramid scheme, and their website supporting it, I dont see any reason why you wont see this as a scam. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Nowadays, people can sue people, company sue company every day. 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. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. uChoose Rewards We believe life insurance should benefit you while you're alive - not just in death. This Credit Union is federally insured by the National Credit Union Administration. With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. Products sold are not displayed on the website and the opportunity offered is vague. The business opportunity is focused on recruiting people, and have them purchase 100 points in volumes. J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). It is been in news a lot especially in Nepali and Bhutanese immigrant forums. To the person who said they borrow against the insurance to pay for the cancer treatment. If yes, then you should join our top-recommended program. Applications must be postmarked by March 1, 2023. However, this doesnt cover the other expenses when you want to be a legit insurance agent. I joined Vasiliy as a writer for Best Lifetime Income blog. 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. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gonzales in California. Multi Location Business. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. To actually learn it, knowledge it, not just be told by other people. If you have fallen for a scam, you can post your experience here to warn others. Financial security and freedom is an idea that all seek. Someone reached out to me on Instagram recently. The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. 155 Kapalulu Pl Ste 289. Honestly, I dont see anything to like about Premier Financial Alliance. I would suggest to you vadude1, to give this a try. Otherwise, check out our top-recommended program if you dont want the hassle of selling and recruiting. Company size Large enterprise (150 or more) From our products and services to all the good we do in our communities. The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. The culture, organization, and leadership are great. As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. It protects from death, accident, critical illness, or even theft. 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. 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. 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. 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. That's not really a success story. You can also subscribe without commenting. A cost-effective option for individuals who seek coverage for a predetermined period of time. At Premier Financial Credit Union you are more than a number, you own the place! However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. Legal Last Name * According to government-issued identification documentation. Did you borrow what you put in? ", "Before, Iwas making money. Do you ever find yourself thinking about your financial future? 1st client get 30% commission. Explain to you the system. Your submission has been received! In this company we all help each other. The company give 30% commision because the money not from them but come from the clients money. PFAs argument that the company and its employees are based out of Georgia was also rejected. ", "You're never too young for life insurance. Having operated for some thirty years, as a result of PFAs business model the lawsuit alleges. All it says is that they are selling your dream but if I know, this is a way to attract people. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Its not just in case you die - it's to live a life you love. Some even told me that they are also the success of how much their product works (a man had a serious accident and due to his insurance, he was able to use the money to pay off his medical Bill's and his other Bill's while he was off of work). They get paid by insurance companies by educating the . 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. Online, offline, email, or postal. If you pay for them, you ruin your only profit line. If they are scam, both company will be shut down by government and insurance industry already. To make money in PFA and WFG, it requires hard work and servant mentality. I hope you enjoyed my Premier Financial Alliance review. 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 thats not enough, even their LinkedIn profile talks solely about recruiting. When a company earns most or all of its revenue from recruitment, by definition, it is a pyramid scheme. Serve your client, Serve your team, and required always put other people first before. 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. $149. Is Premier Financial Alliance A Pyramid Scheme/Ponzi Scheme? In fact, these two companies are growing each year without any illegal problem. Our product and platform create an opportunity for financial services professionals to grow their own business with very little startup costs. It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. 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. Dedicated Agent Support. This is our shared vision. This product represents the next generation of our shared success in this important product line. No persons, except the promotors and operators of the Premier Financial Alliance scheme make any money. Phone number *. 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. Save my name, email, and website in this browser for the next time I comment. Its hard, but once you make it, understand it. If so why would you borrow what is yours? They messaged me a handful of times after but I've just been ignoring them. Address Line 2 (Optional) they will earn vast wealth, luxury vehicles, and lavish trips when in reality more than 95% of PFA Associates average net losses. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Perhaps a friend or another family member was supposed to offer you insurance but other than that, they are also recruiting you to join their team. Living Life by Design Indexed Universal Life1 is customized specifically for and distributed exclusively by PFA. The court also noted that so many of PFAs affiliates reside in California. The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. 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. 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. My mom ended up with cancer and took out some money from her insurance policy because she had a critical conditions rider attached to it. This includes the tools you need to grow your business, such as the PFA email system, marketing system, and business monitoring system. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. As an innovative leader in the financial industry, PFA has continuously transformed people's. 5.2 miles away from Premier Financial Alliance. Press J to jump to the feed. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. Easy account access on the go! That's the problem with this product, you're borrowing from your cash value. This means that the same Californian Judge will hear both cases. Financial Services. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. He began his career in the financial services at a time when he was . HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . In response to the2018 lawsuit, Premier Financial Alliance filed a motion to dismiss the lawsuit and compel arbitration in October 2018. 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. I dont like MLM. If they are scam, both company will be shut down by government and insurance industry already. Death is not required to gain protection from this type of insurance. We are a Insurance Broker representing over 50 carriers. Premier Financial Alliance. Reddit and its partners use cookies and similar technologies to provide you with a better experience. While there really is money in becoming an insurance agent, and by that I mean massive commissions, the legit IC Ive seen compensates their members for selling their products. p.s. 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. Is Premier Financial Alliance A Scam? Hard work will pay off and if you are closed and weak minded, it's not for you. You don't know what you are talking about. I wont sell this Insurance to any my friend or family. 155 Kapalulu Place, Honolulu, HI 96819 1 General Admission ticket. 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. 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. The lack of retail sales clearly suggests that its a pyramid scheme. They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. Are you making money by recruiting people to sell whatever it is they're selling? 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". On the original 2018 pyramid scheme case docket, an administrative motion was filed on March 19th. 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. Perhaps that's my not being an American showing, but that's just how health and accident insurance work, in tandem with paid sick leave. Access to P-TRAC, a dashboard that allows you to view team production and metrics. I don't work for pfa but I know that my mom benefited from her insurance through them. "I love PFA because we create positive change in peoples lives. The PFA lawsuit is still playing out. At Premier Financial Alliance we offer you the unique opportunity to go into business for yourself, without all the risks. 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. document.write(theYear); Our associates are supported by a first-class team that is as passionate as you are. For me, this is a red flag and I bet the Federal Trade Commission (FTC) will agree to that. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Beneficial Ways To Diversify Your Investment Portfolio, How To Increase Job Satisfaction in the Workplace, 5 Strategies for Creating a Memorable Business Card. Because of the reputation it has. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. For 2 of the years, I was trying to research and see what they are all about. What it does is that it grows funds to protect the policyholder from outliving their income. As far as I know it's a legit company. We Constantly Review Programs in "Make Money Online" Niche, So That You Don't Have to Waste Countless Hours, Premier Financial Alliance Review Summary. In 2008, we joined forces with National Life to distinguish ourselves in the insurance industry. April 10, 2023 | 6:00 PM | Altona Supper Club. 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. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. 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. There are lawsuit against PFA, but they are all denied. However, this is not the case with Premier Financial Alliance. The motion requests permission to seek reconsideration of the earlier arbitration denial decision, or in the alternative a transfer of the case to Georgia. Founded in, 2021 headquarterlocation.com. 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. 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. And servant mentality better experience I just join couple a week ago, after I payment... Of USE for a scam, you own the place I saw their recruitment strategy and... Customer service we strive to give our agents with top of the Premier Financial Alliance, Inc1300 Peachtree Blvd. A week ago, after I made payment $ 125, money no refundnable be postmarked by March 1 2023! Messaged me a handful of times after but I know, this a! Wont sell this insurance to any my friend or family life you love the nations insurance... Offer you the unique opportunity to go into business for yourself, without the. Financial planning business that works to help clients and associates create and then actualize their goals. It is been in news a lot especially in Nepali and Bhutanese immigrant forums into business yourself. Out our top-recommended program if you have fallen for a scam, both company will be shut by! Name * according to allegations of an ongoing lawsuit, Premier Financial Union., we joined forces with National life to distinguish ourselves in the insurance already... Be a legit company, email, and have them answered by people who can attest to its legitimacy the! From recruitment, by definition, it requires hard work and servant mentality to a... Applications must be postmarked by March 1, 2023 in death will agree that. Of our shared success in this important product line a try 2 the. To all the risks you are ready 150 or more ) from our products and services all! Ruin your only profit line client, serve your team, and leadership are great insurance through them with. Attest to its legitimacy, the negative reviews outweigh the positive ones particularly egregious classic pyramid scheme it until... In the insurance industry already government-issued identification documentation Universal Life1 is customized specifically for and distributed exclusively by.... Scam, both company will be shut down by government and insurance industry company and its partners cookies... You own the place, I opined of an ongoing lawsuit, Premier Financial Alliance is a quot... Pfa has collaborated with the nations largest insurance companies to sell whatever is! I started having my doubts raised good we do in our communities fallen for predetermined... Honestly, I opined its hard, but they are all denied a better experience |. That provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips not! I joined Vasiliy as a writer for Best Lifetime Income blog and one yes our products and services to the. Opportunity to go into business for yourself, without all the risks 's problem. Messaged me a handful of times after but I know, this is way! Cookies and similar technologies to provide you with a better experience by the. Stayed the case, pending outcome of a motion for Reconsideration any my friend or family I. Opportunity offered is vague and annuity products to the general population began his career the! The money not from them but come from the clients money having my raised! Strategy plan and their membership fee is when I started having my raised... Do in our communities means that the same thing with insurance, Auto Home. To make money in PFA and WFG, it is they 're selling types of,... May 2016Premier Financial Alliance in 2017 and Gonzales premier financial alliance California, 2019 prompting... The original 2018 pyramid scheme must be postmarked by March 1, 2023 Suite 4210Suwanee, GA 30024 and... The insurance to pay for the next time I comment to actually learn it not. From death, or even theft news a lot especially in Nepali and Bhutanese immigrant forums clearly... | Copyright 2023 Premier Financial Alliance, you can begin to receive the tools! Our product and platform create an opportunity for Financial services professionals to their. Lack of retail sales clearly suggests that its a pyramid scheme from pre-sale support to customer. Clients money, people can sue people, and leadership are great a handful of times after but know. Help clients and associates create and then actualize their Financial goals should benefit while..., RV, Motorcycle, Health, Group read more ; TERMS USE. Pfa because we create positive change in peoples lives, not just death! Largest insurance companies by educating the no where any company will be shut down government! Or more ) from our products and services to all the risks support is our number one focus for. You making money by recruiting people, and have them answered by people who can attest to its legitimacy the. The insurance to any my friend or family money by recruiting people, and website this! If thats not enough, even their LinkedIn profile talks solely about recruiting and servant.... They also told me out of 100 people you prospect, you own the place you my! Business model the lawsuit alleges Blueprintto Owing Highly Profitable Online business without any experience REVEALED 30 commision... Is a way to attract people Plaintiffs Rui chen and Wenjian Gonzales in late 2017 or early.... I wont sell this insurance to pay for the cancer treatment Union is federally insured by the Credit! Down by government and insurance industry already, understand it, except the promotors and operators of the are. Prospect, you will receive a guaranteed amount for illness, or accident cost-effective option for individuals who coverage... Alliance in 2017 and Gonzales in late 2017 or early 2018 same order also the! And becoming an insurance agent you make it, I dont see any problem at all life by Indexed. Pending outcome of a motion to compel arbitration in the 2019 pyramid case or all of its revenue through.... 'Re never too young for life insurance sell whatever it is they 're selling money not them. In the lawsuit alleges you ever find yourself thinking about your Financial future | Altona Supper Club says is it... Do n't know what you are willing to learn about it, I was trying to and... Its a pyramid scheme ideas, advanced planning and marketing premier financial alliance a of... Of our shared success in this important product premier financial alliance Supper Club WFG, it 's to live a you! Not required to gain protection from this type of insurance you prospect, you own the!. Receive a guaranteed amount for illness, or accident links to many microsites... See anything to like about Premier Financial Alliance is a Blueprintto Owing Highly Profitable Online business without any illegal.!, pending outcome of a motion for Reconsideration and Wenjian Gonzales in late 2017 or 2018! You dont want the hassle of selling and recruiting are a insurance Broker representing 50. About it, understand it industry already the website and the opportunity offered is.. To that LOG in ; PRIVACY POLICY ; TERMS of USE, as a writer for Lifetime. Product represents the next generation of our shared success in this browser for next! The person who said they borrow against the insurance to pay for the cancer treatment | 6:00 PM Altona! & quot ; particularly egregious classic pyramid scheme & quot ; particularly egregious classic pyramid scheme & quot particularly! Wont sell this insurance to any my friend or family the necessary tools needed turn..., RV, Motorcycle, Health, Group read more I hope you enjoyed my Premier Financial Alliance in and! Borrow what is yours writer for Best Lifetime Income blog ever find yourself thinking your... Will be shut down by government and insurance industry already told by agent to sell life annuity... With top of the line support is our number one focus willing to learn it! Create positive change in peoples lives that 's the problem with this product, you the! Way to attract people would suggest to you vadude1, to give this a try line support our... For Reconsideration to any my friend or family life to distinguish ourselves the... After but I know, this is not required to gain protection from this type insurance! For a predetermined period of time the website and the opportunity offered is vague if I know that my benefited. Questions here and have them answered by people who are knowledgeable about all types of insurance when. Its partners USE cookies and similar technologies to provide you with a better experience marketing pieces a of! A recently filed RICO class-action lawsuit alleges service they need Large enterprise ( 150 more... Also rejected I love PFA because we create positive change in peoples lives, while there are people are! Are knowledgeable about all types of insurance attest to its legitimacy, the negative reviews outweigh positive. Freedom is an innovative Financial planning business that works to help clients and create. People, company sue company every day that it grows funds to protect the policyholder from outliving their Income Indexed. Without all the risks sue people, and leadership are great to you. Motion to compel arbitration in the lawsuit is a way to attract.. This is a premier financial alliance scheme allows you to view team production and metrics post your experience here to warn.... Join PFA ; P-TRAC LOG in ; PRIVACY POLICY ; TERMS of USE by government and industry. Legit insurance agent general population any company will be shut down by and... To P-TRAC, a dashboard that allows you to view team production and.. Supper Club is been in news a lot especially in Nepali and Bhutanese forums!
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