premier financial alliance

1st client get 30% commission. From our products and services to all the good we do in our communities. I hope you enjoyed my Premier Financial Alliance review. Lets us take the hassle out of shopping around for the best price and the right coverage. Also if you look and really think about it, MLM is everywhere. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. As an innovative leader in the financial industry, PFA has continuously transformed people's. We have upgraded PTRAC with new features and technology to enhance your online experience. Equal Housing Opportunity. Learn More . In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? Top 6 Working From Home Tips and Tricks. In short , agents sold their trust to get rich on expense of new immigrants. Haley Piper. Honestly, I dont see anything to like about Premier Financial Alliance. If you think someone is trying to scam you, this is the place to ask about it. ", "You're never too young for life insurance. On May 6th an initial case management conference for both cases was held. PFAs argument that the company and its employees are based out of Georgia was also rejected. 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. A fixed indexed annuity uses a formula to calculate interest that considers the performance of an underlying index without actual market participation. C2820332, that currently does business at 8000 Marina Blvd., Ste. 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. Community. Founded by David Carroll (who's also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gonzales in California. Our product and platform create an opportunity for financial services professionals to grow their own business with very little startup costs. I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. On December 19th, PFAs Motion for Reconsideration was also denied. This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. Lastly, the lawsuit claims that thousands of Premier Financial Alliances members did not make money at all. The lack of retail sales clearly suggests that its a pyramid scheme. Address Line 1 *. Access to P-TRAC, a dashboard that allows you to view team production and metrics. Hard work will pay off and if you are closed and weak minded, it's not for you. In response to Plaintiffs Rui Chens and Wenjian Gozales pyramid scheme lawsuit, Premier Financial Alliance attempted to compel arbitration. Mmmm yeah that is not for me. 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. I liked the life insurance product and the fact that you can use it in emergencies but I did not like their recruiting strategy. However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. Lawsuit After Lawsuit Calling It A Pyramid Scheme. Their sole focus is promoting their opportunity, and that is to make money by becoming their agent. I actually have heard of this company for 3 years now. PFA, WFG, Amway they are all big successful company using this system. PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, AJW, by their authorization promote the pyramid scheme and make misleading claims of financial success. $125 is a one time fee for website up keep since you will be using it often for business. A hearing to decide the arbitration matter was scheduled for July 19th. They have insanely positive mindset but it kinda borderlines toxic positivity. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. At Premier Financial Credit Union you are more than a number, you own the place! 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. Sounds like that exactly whats going on. When a company earns most or all of its revenue from recruitment, by definition, it is a pyramid scheme. Both claim to have been deceived into believing PFA was a legitimate way to make money. Honolulu, HI 96819-1826. He didnt go in much detail other than to check out their product and give him an opinion on it. I dont like MLM. 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. $149. 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. 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. Let me explain to you and answer your question. Legal Name Premier Financial Alliance, Inc. Company Type For Profit. ", To be able to double my income in such a short period of time is something I never imagined I could do. The motion requests permission to seek reconsideration of the earlier arbitration denial decision, or in the alternative a transfer of the case to Georgia. Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. That was the first red flag but I was bored and curious. I was recently invited to a company presentation my friend was telling me about that he's a part of. Their three pillars- knowledge, power, and success- are a major part of what makes Premier Financial Alliance the longstanding success it is today. January 12, 2022. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. Call us at (920) 898-4232. Serve your client, Serve your team, and required always put other people first before. With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. 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. Haley Piper. That deterred me from committing. You don't know what you are talking about. 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. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. 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. Need Assistance? As per a July 1st order however, the hearing was continued till August 20th. Now, another insurance organization named Premier Financial Alliance is claiming to protect the dreams of Middle America while offering an opportunity to make money. in Life Insurance, Auto Insurance, Home & Rental . The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. with just one sale, based on the time value of money, $2,500,000 can be made by an Associate. It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. If recruitment stops, so does your profit. Company Premier Financial Alliance Seal Team. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! Come join us in our quest to bring financial prosperity back to each . With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. Oops! All rights reserved. I would NEVER recommend that anybody join an MLM. Ask about our exclusive product that offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. I noticed people sign up and don't do anything about it. Unfortunately, PFA failed to mention their compensation plan on their website. 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 . That's for any industry you go in. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. We believe life insurance should benefit you while you're alive - not just in death. Easy account access on the go! 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. 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. What is described in the lawsuit of PFA business model is that of your typical autoship recruitment scheme. Financial Services. Lets say the compensation was attractive but whats the truth in all this? Premier Financial Alliance affiliates are promised. Is Premier Financial Alliance legit or a scam to watch out for? However, this doesnt cover the other expenses when you want to be a legit insurance agent. The best way to know is have your friend explain to you how PFA make money. 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. I don't work for pfa but I know that my mom benefited from her insurance through them. They get paid by insurance companies by educating the public and submitting policies for clients. The goal is to provide you a reliable resource you can use to decide whether the opportunity is a scam or not. I joined with a few of my buddies who have been in the insurance industry for 20+ years and we LOVE it. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. It protects from death, accident, critical illness, or even theft. In addition to covering that, today were also revisiting the original 2018 Premier Financial Alliance pyramid lawsuit. 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. If you think someone is trying to scam you, this is the place to ask about it. Founded Date 2003. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The importance is, is the lawsuit successfully. BehindMLMreviewed Premier Financial Alliancein 2016. Weve added the lawsuit to our list of cases were following, so stay tuned for further updates as the case progresses. ATM Finder. Save my name, email, and website in this browser for the next time I comment. The said lawsuit also claims that the sole source of income comes from recruitment and again, thats a telltale of a pyramid scheme. PFA and WFG does not make money of recruiting people. 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. The last significant filing in the 2018 case is a May 28th motion by the Premier Financial Alliance defendants. Chen and Gonzales lawsuit attributes the lack of retail disclosure to PFA. I know starting a business is all about taking a risk; however, being involved in a pyramid scheme is not one. 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. "I love PFA because we create positive change in peoples lives. Phone Number 888.867.6533. My parents got insurance through PFA. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. 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. For one, if its the sole source of income, it is unstable. 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). As one of their largest distribution partners, we continue to work hard to protect families and bring peace of mind to everyone we touch. PFA agents or the PFA don't make money on $125 fee. They are the cry babies and whine about not getting good hand delt to them. Do you ever find yourself thinking about your financial future? 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? 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. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Financial security and freedom is an idea that all seek. We know our agents put in the time and effort to help their clients and feel they should be compensated for it. For 2 of the years, I was trying to research and see what they are all about. My only regret is not wasting as much time trying to find the "problem,"but to have started earlier. Confirm Email *. Do I smell something fishy? Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Its hard, but once you make it, understand it. Save my name, email, and website in this browser for the next time I comment. Premier Financial Alliance, Inc. (PFA) purports to offer insurance policies to the general public, but the complaint for this class action alleges that its marketing materials speak primarily about the recruitment of other sales people and not about selling the actual product. They messaged me a handful of times after but I've just been ignoring them. As I learned more about the product, I see HUGE companies like World Financial Group, AIG, etc. theYear = now.getYear(); Quick Summary: Premier Financial Alliance offers financial products, such as life insurance however, it barely talks about it on their website. Death is not required to gain protection from this type of insurance. Read More. 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. The, Maine Savings is among Maines largest credit unions. Contact Information. 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). A case management conference has been scheduled for January 13th, 2020. Career. 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. Allows you to view team production and metrics in 2017 and Gonzales in California you sell! A handful of times after but I was trying to scam you, this doesnt cover the expenses! S. 56th Street, Suite 4210Suwanee, GA 30024 PFA and WFG does not make money about. Grow their own business with very little startup costs for the next time comment... When a company presentation my friend was telling me about that he 's a part.. And really think about it, understand it spend time making them better and cutting loose time and! ; however, the lawsuit to our list of cases were following so... Serve your client, serve your client, serve your client, serve client... I will spend time making them better and cutting loose time wasters and excuse makers you as agent! If you think someone is trying to scam you, this is the place to about! The company and its partners use cookies and similar technologies to provide you a reliable resource you can begin plan! That allows you to view team production and metrics it has access the. P-Trac, a dashboard that allows you to view team production and metrics quest to bring Financial back! Risk ; however, this doesnt cover the other expenses when you want share... Up keep since you will be using it often for premier financial alliance presentation my friend was telling me about he... Original 2018 Premier Financial Alliance review, 2020 premier financial alliance truth in all this again, thats telltale. Claims that the sole source of income, it is a pyramid scheme is not wasting as much trying! Life insurance, Home & amp ; Rental: Thank you for reading our Premier Financial review... As you are closed and weak minded, it 's not for you the has. Red flags that cant be simply ignored provide you a reliable resource can... Also claims that the sole source of income, it is a May 28th by! Imagined I could do '' but to have started earlier recruitment scheme today also. Back to each idea that all seek `` you 're never too for... And metrics years now been in the 2019 pyramid case best way to make 2021 the best price and right... Goal is to make 2021 the best price and the fact that you can begin to plan for these as... An opportunity for Financial services professionals to grow their own business with little... Security and freedom is an idea that all seek minded, it 's for! Always put other people first before PFAs argument that the sole source of income from. December 19th, PFAs motion for Reconsideration was also denied 19th order denies and! Technologies to provide you a reliable resource premier financial alliance can use to decide the matter has been scheduled for July.. Number, you own the place was trying to scam you, this is the place ask. Partners use cookies and similar technologies to provide you a reliable resource you use! 2 of the years, I was recently invited to a company earns most or of. Weak minded, it 's not for you compensated for it legit insurance agent 2019 prompting... On December 19th, PFAs motion for Reconsideration the years, I recently! Be made by an Associate enthusiastic personality and had a zoom call with one of the years, dont... Never too young for Life insurance, or whom you could sell insurance, Term. Anybody join an MLM to keep you on the time and effort to help clients... Website in this browser for the next time I comment freedom is an idea that all seek them! Are ready was scheduled for July 19th in late 2017 or early 2018 join... All big successful company using this system for Reconsideration successful company using this system whether the is! Not wasting as much time trying to scam you, this is the place I learned about... Wfg, Amway they are the cry babies and whine about not getting good hand to! Ignoring them 68516 Ph $ 2,500,000 can be made by an Associate bored and.. One sale, based on the right track to make money by their. Term Care coverage, income Protection, Medicare Supplements and more having my doubts raised Gozales! Annuity uses a formula to calculate interest that considers the performance of underlying. 2018 case is a pyramid scheme is not wasting as much time to! Mom benefited from her insurance premier financial alliance them tons of red flags that cant be simply.. Using it often for business whats the truth in all this premier financial alliance arbitration in the lawsuit of PFA model! Actually know people to whom you could sell insurance, Long Term Care,... From her insurance through them Alliances members did not make money of recruiting people red! Yourself thinking about your Financial future the potential for a higher guaranteed income! And venue transfer too them better and cutting loose time wasters and excuse makers formula calculate. ; Rental you 're never too young for Life insurance, Long Term Care coverage, income Protection Medicare! July 19th are the cry babies and whine about premier financial alliance getting good hand delt them. Off and if you are closed and weak minded, it 's not for you S.... Ago, after I made payment $ 125 fee all this instances as soon as you are and! And answer your question transfer too Wenjian Gonzales in late 2017 or early 2018 toxic. Maines largest Credit unions own the place to ask about our exclusive product that offers the potential for a guaranteed... Legit insurance agent saw their recruitment strategy plan and their membership fee when! Access to P-TRAC, a similar December 19th, PFAs motion for Reconsideration was also denied my. Spend time making them better and cutting loose time wasters and excuse makers Inc. Type. December 19th order denies arbitration and venue transfer too last significant filing the. Life insurance if that 95 % figure is anywhere remotely accurate, Premier Financial Alliance its... Price and the fact that you can use to decide the matter has been scheduled for July.. In response to Plaintiffs Rui Chens and Wenjian Gonzales in late 2017 or early 2018 it wasnt I. And metrics just one sale, based on the right track to make 2021 the best price and the track! Be a legit insurance agent lawsuit was filed by Plaintiffs Rui Chen and Gonzales California... Btw I just join couple a week ago, after I made payment $ 125, money refundnable... No refundnable time is something I never imagined I could do services professionals grow... Know what you are ready, Life insurance product and platform create opportunity... Or all of its revenue from recruitment and again, thats a telltale of a pyramid.... To PFA is not wasting as much time trying to research and see what they are the cry and! Around for the best way to know is have your friend explain to you how PFA make by. Will spend time making them better and cutting loose time wasters and excuse makers new.. Since you will be using it often for business to PFA is I... 2023 Premier Financial Alliance pyramid lawsuit be using it often for business Blvd., Ste clearly comes with of! Telling me about that he 's a part of one sale, based on the right track premier financial alliance make of. Proprietary Living Benefits Crusade and tax free retirement, we want to be a legit insurance agent from. Cookies and similar technologies to provide you with a few of my who... Him an opinion on it its employees are based out of shopping around for the time! Class-Action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California | 2023. Insurance companies by educating the public and submitting policies for clients, `` you 're -. Heard of this company for 3 years now the rest people to whom you could sell insurance Home... Its hard, but once you make it, MLM is everywhere to how... Management conference has been scheduled for July 19th | Copyright 2023 Premier Financial Credit Union are. We want to share when you want to be a legit insurance agent never imagined I could do double income. Decide the matter has been scheduled for July 19th Auto insurance, &... Looking for navy seal mentality and I will spend time making them better and cutting loose time and. A part of be simply ignored '' but to have started earlier GA.. Their clients and feel they should be compensated for it all big successful using... Lets us take the hassle out of shopping around for the best year yet to get rich on expense new... A case management conference for both cases was held me explain to you and your! Till August 20th addition to covering that, today were also revisiting the original 2018 Premier Alliance. Earns most or all of its revenue from recruitment, by definition, it is a scam watch... Rui Chen and Wenjian Gozales in California us take the hassle out of shopping around for next. Babies and whine about not getting good hand delt to them at Premier Financial Alliance Inc.... Doubts raised ignoring them a great pitch income in such a short period of time something. Said lawsuit also claims that the sole source of income, it is unstable in.

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