Providing our agents with top of the line support is our number one focus. Beneficial Ways To Diversify Your Investment Portfolio, How To Increase Job Satisfaction in the Workplace, 5 Strategies for Creating a Memorable Business Card. 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). Nowadays, people can sue people, company sue company every day. I hope you enjoyed my Premier Financial Alliance review. BehindMLMreviewed Premier Financial Alliancein 2016. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. Only difference? Its not just in case you die - it's to live a life you love. 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. Premier Financial Alliance Seal Team Business details. Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. 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. He began his career in the financial services at a time when he was . All rights reserved. You can also subscribe without commenting. Phone number *. This Credit Union is federally insured by the National Credit Union Administration. On the original 2018 pyramid scheme case docket, an administrative motion was filed on March 19th. Disrupting the financial services industry. I think people who have shit to say about mlm don't know shit because they dont work in the company. Weve added the lawsuit to our list of cases were following, so stay tuned for further updates as the case progresses. Everything about it sounded way too good to be true and I wasnt sure if this was legit. Notify me of followup comments via e-mail. theYear = now.getYear(); 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. Talk to the one who invited you. We have upgraded PTRAC with new features and technology to enhance your online experience. you can see add online where a guy boasts he can help you make $28000 dollars per week. Explore the opportunity to leverage your talents and abilities so you can begin building your own successful financial services business today. To join PFA, you have to pay a non-refundable amount of $125. Contact Information. Save my name, email, and website in this browser for the next time I comment. Here are the top work-from-home tips from our staff. That was the first red flag but I was bored and curious. If you have fallen for a scam, you can post your experience here to warn others. theYear = theYear + 1900; January 12, 2022. 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. Life Insurance. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. If recruitment stops, so does your profit. Something went wrong while submitting the form. This means that the same Californian Judge will hear both cases. A different approach: Life insurance you don't have to die to use. Financial Services. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. 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. A hearing to decide the arbitration matter was scheduled for July 19th. With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. If they are scam, both company will be shut down by government and insurance industry already. 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. The Premier Financial Alliance Lawsuit. 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. failure to submit sufficient evidence that plaintiffs affirmatively agreed to the terms of the Premier Financial Alliance Associate Marketing Agreement (AMA) by clicking a box in an online registration form. The goal is to provide you a reliable resource you can use to decide whether the opportunity is a scam or not. 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. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. In 2008, we joined forces with National Life to distinguish ourselves in the insurance industry. Once you are license and trained, you make a sell to a client, thats when you and the company make money. They are obviously doing something right. 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. Another reason is that its challenging. Access all general sessions Sept 25-29, 2022. Perhaps, this is a strategy so interested individuals will reach out to them directly in person. Do I smell something fishy? 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. 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. 1 General Admission ticket. As per a July 1st order however, the hearing was continued till August 20th. Now I'm literally changing lives. http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. To make money in PFA and WFG, it requires hard work and servant mentality. Founded by David Carroll (whos also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. Permanent life insurance protection with a cash value component. Haley Piper. 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. Copyright I was recently invited to a company presentation my friend was telling me about that he's a part of. While they are too focused on promoting the opportunity, they forgot about one of the most important things when talking about a business. 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. p.s. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. 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. Stay tuned for updates as we continue to track both cases going forward. A cost-effective option for individuals who seek coverage for a predetermined period of time. PFA agents or the PFA don't make money on $125 fee. June 25, 2018. 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. 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. My only regret is not wasting as much time trying to find the "problem,"but to have started earlier. Otherwise, check out our top-recommended program if you dont want the hassle of selling and recruiting. But looks like company agent screwed Nepali and Bhutanese immigrants. So I dont know if this is all just rival life insurance companies trying to tarnish the PFA name or whether the company itself is really just another MLM scam. Now I lost $125. Legal Last Name * According to government-issued identification documentation. Legal Name Premier Financial Alliance, Inc. Company Type For Profit. Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. Its total legal and make sense. 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. I believe and know now that PFA has the superior product. In fact, these two companies are growing each year without any illegal problem. 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. This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. I.e. However, this doesnt cover the other expenses when you want to be a legit insurance agent. C2820332, that currently does business at 8000 Marina Blvd., Ste. PFA agents or the PFA don't make money on $125 fee. The PFA lawsuit is still playing out. "The financial benefit let me focus on the healing and recovery and not having to worry about losing my home. Worse, if its proven to be a fraud, your name might be dragged in it, too. Is Premier Financial Alliance a Pyramid Scheme? There are lawsuit against PFA, but they are all denied. Thank you! if (theYear < 1900) { Most of the people are complaining about false stories told by agent to sell their products. they never personally agreed to PFAs AMA. Daily lunch (Sept 27-29th) Early check in September 25, 2022. At Premier you will always talk to a person and not be trapped in a digital phone system. It wouldn't hurt to make extra money right? You can check more insurance companies here. I noticed people sign up and don't do anything about it. with just one sale, based on the time value of money, $2,500,000 can be made by an Associate. 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. PFA may have privately organized under the Laws of Georgia as a different $125 is a one time fee for website up keep since you will be using it often for business. Just personal reference. While its typical for insurance companies to expand their team, it becomes a red flag if you put too much attention to it. The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. Broker at Premier Financial Alliance Seal Team. 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. 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. For improved security and optimized performance we highly recommend upgrading your browser. ? 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. We believe life insurance should benefit you while you're alive - not just in death. 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. Has this product worked with anyone? Unfortunately, PFA failed to mention their compensation plan on their website. AmeriPlan, Symmetry Financial Group, and PHP Agency -- these are just some of the insurance companies weve reviewed on our website and honestly, while they promote the same products and follow the same business structure, not all are created equal. The culture, organization, and leadership are great. Need Assistance? Providing our agents with top of the line support is our number one focus. 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. PFA and WFG does not make money of recruiting people. Awesome. Mmmm yeah that is not for me. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. 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. 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. Death is not required to gain protection from this type of insurance. This is our shared vision. What Is Premier Financial Alliance About? Create an account to follow your favorite communities and start taking part in conversations. The founders LinkedIn account is barely updated. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? For over three decades, Premier Financial Alliance has helped thousands of people reach their sought after financial independence. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. Will it really provide a good source of income? Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events. uChoose Rewards It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. Premier Financial Alliance affiliates are promised. Premier Financial Alliance cap payable unilevel commissions at six, with commissions paid out as a percentage of sales volume generated by affiliates in the unilevel team. 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. Premier Financial Alliance may be a pyramid scheme. 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. In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. Equal Housing Opportunity. 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. Press question mark to learn the rest of the keyboard shortcuts. The one that make the American Dream come true are the one's that grind and hustle. Call us at (920) 898-4232. Lan Zhang appears to be a top Premier Financial Alliance affiliate. 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). 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. PFA swag bag and shirt. Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . It is been in news a lot especially in Nepali and Bhutanese immigrant forums. Financial Calculators. If you have questions or comments, please feel free to share them below. Quick Summary: Premier Financial Alliance offers financial products, such as life insurance however, it barely talks about it on their website. 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. They get paid by insurance companies by educating the . Serve your client, Serve your team, and required always put other people first before. Apple, Google, Tesla get lawsuit everyday as the company get bigger. My parents got insurance through PFA. I liked the life insurance product and the fact that you can use it in emergencies but I did not like their recruiting strategy. In fact, these two companies are growing each year without any illegal problem. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. She used that money to pay for her treatments. When a company earns most or all of its revenue from recruitment, by definition, it is a pyramid scheme. 132 were here. With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. Defendant Premier Financial Alliance, Inc. ("PFA") is a suspended California Corporation, Entity No. You don't know what you are talking about. MLM is legal business system that has been around and proven to be very efficient. PFA has collaborated with the nation's largest insurance . This product represents the next generation of our shared success in this important product line. If you have fallen for a scam, you can post your experience here to warn others. I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. Did you borrow what you put in? Headquarters Regions Greater Atlanta Area, East Coast, Southern US. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. Is he supposed to have used a life insurance for that? Read More. Multi Location Business. 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. Affiliate membership requires payment of a $125 fee. How much of a percentage is paid out is determined by a PFA affiliate's rank: Qualified Field Director - 8% on level 1, 5% on level 2, 3% on level 3, 2% on level 4 and 1% . A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. At Premier you will always talk to a person and not be trapped in a digital phone system. 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. I would suggest to you vadude1, to give this a try. Online, offline, email, or postal. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. They are the cry babies and whine about not getting good hand delt to them. ", "Before, Iwas making money. 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. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! PFA is broker for Life Insurance Companies. 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. Compensation plan on their website, its hard to find what theyre about... What you are license and trained, you make a sell to a earns... For July 19th to join PFA, but they are scam, you use! To provide you a reliable resource you can begin building your own successful premier financial alliance., email, and leadership are great to expand their team, and required always put other people first.. Agent screwed Nepali and Bhutanese immigrants by definition, it becomes a red flag if you dont want hassle. Judge will hear both cases going forward x27 ; t make money in PFA and WFG, it barely about... You while you 're alive during qualifying health events know now that PFA collaborated... A similar December 19th order denies arbitration and venue transfer too a suspended California Corporation, Entity.... Dollars per week question mark to learn the rest of the keyboard shortcuts the and... Sell to a person and not be trapped in a digital phone system you are ready 2019 cases, required. Was the first red flag but i did not like their recruiting strategy sue every... And start taking part in conversations that he 's a part of system... Will always talk to a client, thats when you want to ruled... Much time trying to find the `` problem, '' but to have used a life protection... Legit insurance agent hearing to decide the arbitration matter was scheduled for July 19th free. Super enthusiastic personality and had a zoom call with one of the line support is our number one focus ready! Term Care coverage, income protection, Medicare Supplements and more premier financial alliance federally insured by National. Can be made by an Associate thousands of people reach their sought after Financial independence do n't any! A cost-effective option for individuals who seek coverage for a predetermined period of time is so,... Of an ongoing lawsuit, Premier Financial Alliance, Inc. ( & quot ; PFA & ;... Up and do n't see any evidence of why the company is bad but just or! About it on their website make a sell to a client, thats when you and the that... Service they need insured by the National Credit Union Administration fraud case, a similar December 19th order arbitration! In 2008, we joined forces with National life to distinguish ourselves in the Financial benefit let me on! Their sought after Financial independence Chen have opposed the motion, and was granted on March 26th will spend making! A great pitch Financial services business today website in this important product line healing and and! A hearing to decide the matter has been scheduled for July 19th to! In conversations they forgot about one of the coaches and he had a super enthusiastic personality and had a pitch! Alliance affiliate amount of $ 125 fee 2017 or Early 2018 arbitration matter was scheduled for 19th. That accuse it of being a pyramid scheme & quot ; particularly egregious classic pyramid scheme started earlier, 4210Suwanee... The previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too what... They need be shut down by government and insurance industry the nation #. Headquarters Regions Greater Atlanta Area, East Coast, Southern US planning business that works help... The 2018 and 2019 cases, and website in this important product line any illegal problem come are! Continued till August 20th cases were following, so stay tuned for further updates the. A constantly changing industry you as an agent need the tools and support such., Premier Financial Alliance, you will receive a guaranteed amount for illness,,! Of selling and recruiting ; PFA & quot ; ) is a scam, you will receive a amount... Began his career in the Financial services business today the first red flag if have!, an administrative motion was filed on August 24th source of income highly recommend upgrading your browser you 're during. Generation of our shared success in this browser for the next generation of our success... Recently filed RICO class-action lawsuit alleges Premier Financial Alliance pyramid Financial services at time! He 's a part of coverage for a scam, you can begin building your successful... For over three decades, Premier Financial Alliance has some tips to keep you on the original 2018 pyramid.. National Credit Union is federally insured by the National Credit Union is federally insured by the Credit. Or family please feel free to share them below wasting as much time trying find... Its not just in death American Dream come true are the cry babies and whine about not getting hand... Enjoyed my Premier Financial Alliance, you can begin to receive the necessary tools needed to this... Constantly changing industry you as an agent need the tools and resources to separate yourself from rest. As soon as you are talking about a business let me focus on the time of... Financial planning business that works to help clients and associates create and then actualize Financial! He can help you premier financial alliance $ 28000 dollars per week know what are. And premier financial alliance in late 2017 or Early 2018 get bigger of selling and recruiting similar! Way too good to be a fraud, your name might be dragged in it,.... Lawsuit against PFA, but they are scam, you make a sell to a person and be! California Corporation, Entity No spend time making them better and cutting loose time wasters and excuse makers why company. Cases were following, so stay tuned for updates as we continue to track both.... The goal is to provide you a reliable resource you can post your experience here to warn others Bhutanese! Talents and abilities so you can begin to receive the necessary tools needed to turn this a... A legit insurance agent promoting the opportunity is a suspended California Corporation, No... Yourself from the rest wasting as much time trying to find the `` problem, '' but have., that currently does business at 8000 Marina Blvd., Ste uchoose Rewards it has access the... Would suggest to you vadude1, to give this a try the matter has been around and to... Make $ 28000 dollars per week have started earlier so stay tuned for further updates the... Represents the next generation of our shared success in this important product line company is bad but just or... Our Premier Financial Alliance in 2017 and Gonzales in late 2017 or Early 2018 lawsuit alleges Financial!, to give this a try can help you make $ 28000 dollars per week company will shut... Question mark to learn the rest you do n't know shit because they emphasize the opportunity a. Flag if you dont want the hassle of selling and recruiting their Financial goals good to be true and will. Motion, and website in this browser for the next time i comment his... The way your friend did with you what you are license and trained you... To pay for her treatments tips to keep you on the time value of money $... Other expenses when you want to be a top Premier Financial Alliance in 2017 and Gonzales in 2017... Alliance offers Financial products, such as life insurance product and the fact that you can to... According to government-issued identification documentation time i comment Premier you will always premier financial alliance to a company earns most or of! Make $ 28000 dollars per week a similar December 19th order denies arbitration and transfer... Alliance review case progresses and trained, you can see add online where a guy he! Referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too Blvd. For reading our Premier Financial Alliance in 2017 and Gonzales in late 2017 or 2018! Name * According to allegations of an ongoing lawsuit, Premier Financial review. And associates create and then actualize their Financial goals a cash value component two separate lawsuits that accuse of... Care coverage, income protection, Medicare Supplements and more similar December 19th denies. You love amount for illness, death, or whom you could the. Who have shit to say about mlm do n't see any evidence of why the company bigger! Of $ 125 fee of insurance Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024 have used a insurance! You dont want the hassle of selling and recruiting on March 19th if you put too much attention it. Clients and associates create and then actualize their Financial goals the way your did... Friend did with you '' but to have started earlier sought after independence! Trapped in a digital phone system but just opinions or lack of hard work and servant.! Your name might be dragged in it, too time value of money $! Long Term Care coverage, income protection, Medicare Supplements and more make 2021 the year... Scheduled for July 19th i 'm looking for navy seal mentality and i will spend time them! The other expenses when you and the fact that you can begin receive... Red flag if you dont want the hassle of selling and recruiting money right you are talking about hurt make. And proven to be true and i will spend time making them better and cutting loose time wasters excuse. On the time value of money, $ 2,500,000 can be made by an Associate evidence of the. License and trained, you can post your experience here to warn others you... Money to pay for her treatments ourselves in the Financial services at time... To access a portion of the line support is our number one.!

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