No one makes money until a sell is make. This is our shared vision. Phone number *. You're out $250 for the "product", and their site has no mention of any product except a business system. BehindMLMreviewed Premier Financial Alliancein 2016. 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. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. At-a-glance. Because of the reputation it has. uChoose Rewards This naturally raised the question of what Premier Financial Alliances core priority was. With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. Manages clients' investments, helps them buy and sell stocks and bonds, assists with tax planning, etc. 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. That's your money that you put into the account to buy your death benefit so you're now paying interest on your cash. A hearing to decide the arbitration matter was scheduled for July 19th. If you think about MLM, isn't Facebook and LinkedIn a few companies that are? The same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel. 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. Operating Status Active. I joined with a few of my buddies who have been in the insurance industry for 20+ years and we LOVE it. The one that make the American Dream come true are the one's that grind and hustle. 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. 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). You don't know what you are talking about. My only regret is not wasting as much time trying to find the "problem,"but to have started earlier. Their three pillars- knowledge, power, and success- are a major part of what makes Premier Financial Alliance the longstanding success it is today. Membership Join the Credit Union! 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. If you want to join be come a agent go head..!! PFA and WFG does not make money of recruiting people. I think people who have shit to say about mlm don't know shit because they dont work in the company. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. I.e. Thank you! ATM Finder. Online, offline, email, or postal. This means that the same Californian Judge will hear both cases. theYear = now.getYear(); 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 response to Plaintiffs Rui Chens and Wenjian Gozales pyramid scheme lawsuit, Premier Financial Alliance attempted to compel arbitration. 132 were here. Community. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Welcome to Premier Financial Alliance. PFAis leading the way in the cause to educate Americans about the Living Benefits story. This includes the tools you need to grow your business, such as the PFA email system, marketing system, and business monitoring system. Its hard, but once you make it, understand it. Apple, Google, Tesla get lawsuit everyday as the company get bigger. What is described in the lawsuit of PFA business model is that of your typical autoship recruitment scheme. I wont sell this Insurance to any my friend or family. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. This product represents the next generation of our shared success . Their sole focus is promoting their opportunity, and that is to make money by becoming their agent. 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. In short , agents sold their trust to get rich on expense of new immigrants. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. Is the WFG (World Financial Group) a scam? In this company we all help each other. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Death is not required to gain protection from this type of insurance. 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. To actually learn it, knowledge it, not just be told by other people. But hey, everyone has to start sometime right? Under PFAs compensation plan, a victim only gains a rank by recruiting people into the business opportunity. No persons, except the promotors and operators of the Premier Financial Alliance scheme make any money. Anyway, insurance, from the word itself, means guaranteed or assurance. Read More. 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). Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. Now, another insurance organization named Premier Financial Alliance is claiming to protect the dreams of Middle America while offering an opportunity to make money. Founded by David Carroll (whos also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. Something went wrong while submitting the form. I'm no financial advisor or a professional in the insurance field, but I dont know if PFA is actually legit. However, this is not the case with Premier Financial Alliance. There are lawsuit against PFA, but they are all denied. 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. Permanent life insurance protection with a cash value component. Premier Financial Alliance affiliates are promised. This Credit Union is federally insured by the National Credit Union Administration. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. Valley Strong Credit Union operates as a financial cooperative. ChromeFirefoxEdge. Living Life is a permanent life insurance product which combines pure insurance protection with cash value accumulation, issued by Life Insurance Company of the Southwest, a member company of National Life Group. 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. $125 is a one time fee for website up keep since you will be using it often for business. Multi Location Business. On the original 2018 pyramid scheme case docket, an administrative motion was filed on March 19th. Lastly, the lawsuit claims that thousands of Premier Financial Alliances members did not make money at all. Stated aims of the class-action include establishing. As far as I know it's a legit company. Press question mark to learn the rest of the keyboard shortcuts. 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. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. What Is Premier Financial Alliance About? 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. Your submission has been received! Access all general sessions Sept 25-29, 2022. I didn't like that I had to give them 50 of my personal contacts. 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. MLM is legal business system that has been around and proven to be very efficient. 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. We protect the dreams of Americans through a revolutionary financial product that is disrupting the financial services industry. The culture, organization, and leadership are great. A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. The importance is, is the lawsuit successfully. So I have nothing bad to say about them. Affiliate membership requires payment of a $125 fee. Founded Date 2003. They get paid by insurance companies by educating the . But looks like company agent screwed Nepali and Bhutanese immigrants. A fixed indexed annuity uses a formula to calculate interest that considers the performance of an underlying index without actual market participation. The business opportunity is focused on recruiting people, and have them purchase 100 points in volumes. If you have fallen for a scam, you can post your experience here to warn others. We protect the dreams of Middle America through a proprietary financial product that is disrupting the life insurance industry. What it does is that it grows funds to protect the policyholder from outliving their income. The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. PFA is broker for Life Insurance Companies. She used that money to pay for her treatments. In this post, well talk about an insurance organization called Premier Financial Alliance and why its making noise online. 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. 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. 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. Premier Financial Alliance Seal Team Business details. If thats not enough, even their LinkedIn profile talks solely about recruiting. Life insurance you don't have to die to use - it just makes sense. If they are scam, both company will be shut down by government and insurance industry already. "I love PFA because we create positive change in peoples lives. How Much To Join Premier Financial Alliance? Dont get me wrong, my friend is actually really nice and I've known him since we were in elementary school and all the people he introduced me to in the company seemed really nice and supportive. Nowadays, people can sue people, company sue company every day. 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 . Just personal reference. 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. I cant stress enough the importance of knowing the details about their compensation plan before going into the opportunity. Also if you look and really think about it, MLM is everywhere. Explore the opportunity to leverage your talents and abilities so you can begin building your own successful financial services business today. Get your ticket. Haley Piper. But in PFA, it's possible., PFA presented an opportunity to really build an incredible business., The extra money has helped me a lot with my charity and passion for helping other people., "PFA is a place where average and ordinary people can do extraordinary things. When a company earns most or all of its revenue from recruitment, by definition, it is a pyramid scheme. Yes, Premier Financial Alliance does have products you can sell and make money from however, their compensation plan focuses on recruitment. ", "You're never too young for life insurance. Your submission has been received! Weve added the lawsuit to our list of cases were following, so stay tuned for further updates as the case progresses. 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. But what if you could turn that idea into your reality? they never personally agreed to PFAs AMA. 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