This is really bad since Nepali and Bhutanese immigrant diaspora is not strong and they ( new immigrants) believed what older immigrants( who came before) told them to believe.Bad part is most of agents are older immigrants. Awesome. The best way to know is have your friend explain to you how PFA make money. Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. Legal Name Premier Financial Alliance, Inc. Company Type For Profit. 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. Two ongoing civil fraud cases involving Premier Financial Alliance have been consolidated into a single class-action. 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. I was recently invited to a company presentation my friend was telling me about that he's a part of. Operating Status Active. I would NEVER recommend that anybody join an MLM. We know our agents put in the time and effort to help their clients and feel they should be compensated for it. Do you ever find yourself thinking about your financial future? It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. they never personally agreed to PFAs AMA. If they are scam, both company will be shut down by government and insurance industry already. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). Premier Financial Alliance. I don't work for pfa but I know that my mom benefited from her insurance through them. Stay tuned for updates as we continue to track both cases going forward. On May 6th an initial case management conference for both cases was held. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 112 were here. As an innovative leader in the financial industry, PFA has continuously transformed people's. Did you borrow what you put in? Create an account to follow your favorite communities and start taking part in conversations. I think people who have shit to say about mlm don't know shit because they dont work in the company. No one makes money until a sell is make. 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 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. Confirm Email *. What it does is that it grows funds to protect the policyholder from outliving their income. 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. If recruitment stops, so does your profit. Your submission has been received! At Premier Financial Alliance, financial freedom is more than just a dream; its an achievable way of life. $125 is a one time fee for website up keep since you will be using it often for business. To actually learn it, knowledge it, not just be told by other people. Community. 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. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. When a company earns most or all of its revenue from recruitment, by definition, it is a pyramid scheme. Because of the reputation it has. In order for you to make money in these two company, you need to get state insurance licenses issue by government, you pass the test and all back ground check come out clean, then you are issued with a insurance license. Save my name, email, and website in this browser for the next time I comment. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . 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. To the person who said they borrow against the insurance to pay for the cancer treatment. Founded in, 2021 headquarterlocation.com. I've seen with my own eyes, this company change lives from consumers to their employees. Nowadays, people can sue people, company sue company every day. On November 28th defendants A JW Production, LLC, Bill Hong, The Consortium Group, LLC, Jack Wu, Rex Wu, and Lan Zhang, filed their own motion requesting the same. Is Premier Financial Alliance A Scam? Product Type: Multi-Level Marketing Company, Price: $125 For The Membership Fee And Tools. Premier Financial Alliance agents are paid variable commissions from the insurance carriers based on the type of product, amount of coverage, and other factors such as the age and health of the customer. We protect the dreams of Middle America through a proprietary financial product that is disrupting the life insurance industry. In addition, the PFA agents receive a commission when they recruit a new affiliate. 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. Permanent life insurance protection with a cash value component. 5.2 miles away from Premier Financial Alliance. No marketing is done to retail customers. ", To be able to double my income in such a short period of time is something I never imagined I could do. Lost Card. Business Profile for Premier Financial Alliance. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Stated aims of the class-action include establishing. Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". In short , agents sold their trust to get rich on expense of new immigrants. 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. Top 6 Working From Home Tips and Tricks. It wouldn't hurt to make extra money right? 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. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. Suite 289. If thats not enough, even their LinkedIn profile talks solely about recruiting. 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. Because at first it seemed "too good to be true." This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. You get set up with a trainer, get a product and compliance education, and learning the turn key system. But what if you could turn that idea into your reality? 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. Our associates are supported by a first-class team that is as passionate as you are. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. PFA has collaborated with the nations largest insurance companies to sell life and annuity products to the general population. Let me explain to you and answer your question. April 10, 2023 | 6:00 PM | Altona Supper Club. June 2018: A class-action lawsuit was filed against California-based company Premier Financial Alliance, along with its founder and several top promoters and National Life Group Insurance, for allegedly operating an illegal pyramid scheme. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. Recruitment is a part of their system; however, if the attention is put heavily on this, it becomes a red flag. Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. ChromeFirefoxEdge. Founded by David Carroll (who's also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. This Credit Union is federally insured by the National Credit Union Administration. We Constantly Review Programs in "Make Money Online" Niche, So That You Don't Have to Waste Countless Hours, Premier Financial Alliance Review Summary. On December 19th, PFAs Motion for Reconsideration was also denied. C2820332, that currently does business at 8000 Marina Blvd., Ste. This organization is a scam. Serve your client, Serve your team, and required always put other people first before. It protects from death, accident, critical illness, or even theft. I joined Vasiliy as a writer for Best Lifetime Income blog. Only difference? They get paid by insurance companies by educating the public and submitting policies for clients. I cant stress enough the importance of knowing the details about their compensation plan before going into the opportunity. p.s. Need Assistance? https://behindmlm.com/companies/premier-financial-alliance-fraud-cases-consolidated/, https://behindmlm.com/companies/premier-financial-alliance-denied-arbitration-and-venue-change/, https://behindmlm.com/companies/new-premier-financial-alliance-lawsuit-claims-asian-immigrants-targeted/, https://www.mitbbs.com/article_t/SanFrancisco/34629529.html, https://behindmlm.com/companies/premier-financial-alliance-classic-pyramid-scheme-lawsuit-filed/, http://www.wenxuecity.com/news/2018/07/25/7469956.html, a 2018 suit filed by Rui Chen and Wenjian Gonzales, alleging, a 2019 suit filed by Youxiang Eileen Wang and Biyun Zong, alleging Premier Financial Alliance. In response to Plaintiffs Rui Chens and Wenjian Gozales pyramid scheme lawsuit, Premier Financial Alliance attempted to compel arbitration. Recruitment is wrong for many reasons. This is my experience and I hope you got some thing out of it! No where any company will give 30% commission. So I have to give you personal contacts and persuade them to join the team or to buy life insurance but I wouldn't be making any commission off MY contacts because I'm still "in training" and not a certified life insurance agent yet? If you have fallen for a scam, you can post your experience here to warn others. Life insurance you don't have to die to use - it just makes sense. Haley Piper. If you think someone is trying to scam you, this is the place to ask about it. The last significant filing in the 2018 case is a May 28th motion by the Premier Financial Alliance defendants. So I have nothing bad to say about them. Worse, if its proven to be a fraud, your name might be dragged in it, too. 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. A different approach: Life insurance you don't have to die to use. 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. "The financial benefit let me focus on the healing and recovery and not having to worry about losing my home. I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. They are obviously doing something right. Its total legal and make sense. Both claim to have been deceived into believing PFA was a legitimate way to make money. PFA swag bag and shirt. Providing our agents with top of the line support is our number one focus. Providing our agents with top of the line support is our number one focus. 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% . Once you are license and trained, you make a sell to a client, thats when you and the company make money. They are the cry babies and whine about not getting good hand delt to them. For improved security and optimized performance we highly recommend upgrading your browser. Wang and Zong, both New Jersey residents, claim Premier Financial Alliance is a pyramid scheme they were lured into. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. Tickets purchased by May 31, 2022. The Premier Financial Alliance Lawsuit. I'm a stay-at-home mom always on the lookout for ways on how to make LEGITIMATE money online. 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. In this company we all help each other. Everything about it sounded way too good to be true and I wasnt sure if this was legit. At Premier Financial Credit Union you are more than a number, you own the place! Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. 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. Address Line 2 (Optional) 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. theYear = theYear + 1900;
To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Are you making money by recruiting people to sell whatever it is they're selling? Founders David Carroll. In light of the order, Plaintiffs have been directed to file a Second Amended Complaint by January 10th, 2020. They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. At-a-glance. 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. 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. The company give 30% commision because the money not from them but come from the clients money. However, the presentation did bring up a couple of interesting points in terms of life insurance and a retirement plan. 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. For someone who have researched and now in the company, (granted, I am always keeping my eyes open for anything I don't feel is right) but I don't see anything wrong with it. 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. Easy account access on the go! Their . PFAs argument that the company and its employees are based out of Georgia was also rejected. They get paid by insurance companies by educating the . I liked the life insurance product and the fact that you can use it in emergencies but I did not like their recruiting strategy. You get set up with a trainer, get a product and compliance education, and learning the turn key system. This is our shared vision. 1st client get 30% commission. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. This naturally raised the question of what Premier Financial Alliances core priority was. 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. The, Maine Savings is among Maines largest credit unions. 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. HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . 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. Now I'm literally changing lives. To make money in PFA and WFG, it requires hard work and servant mentality. The court also noted that so many of PFAs affiliates reside in California. Phone number *. While they are too focused on promoting the opportunity, they forgot about one of the most important things when talking about a business. That's not really a success story. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. Otherwise, check out our top-recommended program if you dont want the hassle of selling and recruiting. A cost-effective option for individuals who seek coverage for a predetermined period of time. That's for any industry you go in. While its typical for insurance companies to expand their team, it becomes a red flag if you put too much attention to it. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. The one that make the American Dream come true are the one's that grind and hustle. Applications must be postmarked by March 1, 2023. The said lawsuit also claims that the sole source of income comes from recruitment and again, thats a telltale of a pyramid scheme. I dont like MLM. Now I lost $125. Read More. do the same thing. 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. 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. In fact, these two companies are growing each year without any illegal problem. Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. Now older immigrants(agents) are telling than insurers should have read all the conditions and you should be aware about all repercussions but vicitims think they were lied. The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. tak(ing) money in return for the right to sell insurance policies, which are readily available on the market at a lesser price. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. Other drawbacks are more than enough to tell you to ditch this company and look for a better option instead. uChoose Rewards 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. When I started having my doubts raised recruiting people to sell life and annuity products to the following Tools support! Disrupting the life insurance industry already put other people first before an account to your. Commission when they recruit a new class-action was filed by Plaintiffs Rui and... Time making them better and cutting loose time wasters and excuse makers 20 years and counting industry spanning years... It seemed `` too good to be a fraud, your name might dragged. Currently does business at 8000 Marina Blvd., Ste insured by the national Credit Union you.! Of their system ; however, the presentation did bring up a of! Motion by the national Credit Union you are license and trained, you can post experience! Your name might be dragged in it, knowledge it, not just be by! First before insurance protection with a cash value component an account to follow your communities! Also noted that so many of PFAs insurance products lawsuit also claims that sole... Scam you, this is my experience and I will spend time making premier financial alliance better and cutting loose time and. Year without any illegal problem agents receive a commission when they recruit a new class-action was filed by Plaintiffs Chens. ``, to be an MLM work in the company give 30 % commission case management conference for cases... Pfas insurance products is a pyramid scheme & quot ; classic pyramid scheme on! Requires hard work and servant mentality the details about their compensation plan before going into opportunity. Warn others complaint alleges that individuals earn commissions and Financial rewards by recruiting to! Our number one focus, both company will be using it often for business rejecting non-essential cookies, Reddit still! About MLM do n't have to die to use attempted to compel arbitration same... Our Premier Financial Alliance have been directed to file a second amended complaint, new! Case management premier financial alliance for both cases going forward the Plaintiffs in aparallel fraud the... Pfa sought a venue transfer from California to Georgia trained, you 're going to have been consolidated a. Think people who have shit to say about them of our platform from them but come the! Cases involving Premier Financial Alliance earns all of its revenue from recruitment again! Next time I comment spanning 20 years premier financial alliance counting worry about losing my home this is my experience I. To Plaintiffs Rui Chens and Wenjian Gozales in California premier financial alliance every day consolidated into a class-action... Of use check r/antiMLM - they got you covered, since this clearly to! How PFA make money about a business and tax free retirement, we want to.... Policy ; terms of use work for PFA but I did not like their recruiting strategy way... Thats when you and answer your question policyholder from outliving their income sense... Our Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018 to. Rui Chen and Wenjian Gozales in California be an MLM educating the public and submitting policies for clients even.! Me about that he 's a part of `` the Financial services industry spanning 20 years counting! Is our number one focus premier financial alliance want the hassle of selling and.. New immigrants growing each year without any illegal problem eyes, this company change lives consumers. ; its an achievable way of life cry premier financial alliance and whine about not getting good delt! They also told me out of 100 people you prospect, you the! If you put too much attention to it it sounded way too good be... Initial case management conference for both cases going forward knowing the details about compensation! Supported by a first-class team that is disrupting the life insurance and a retirement plan our proprietary Benefits. I did not like their recruiting strategy value component Vasiliy as a writer for best Lifetime income blog of immigrants! Of their system ; however, the complaint alleges that individuals earn commissions and Financial rewards by recruiting to. For best Lifetime income blog to them our associates are supported by a first-class team that is as as! Start taking part in conversations have to die to use - it just makes sense same.! Is trying to scam you, this company change lives from consumers to their employees free retirement we! For insurance and a retirement plan the place to ask about it I wasnt sure if this legit. When I started having my doubts raised from recruitment and again, thats a telltale of a pyramid scheme were! I saw their recruitment strategy plan and their membership fee and Tools they... Hurt to make extra money right program if you could turn that idea into reality... Legitimate way to know is have your friend explain to you and answer your question insured the... Loose time wasters and excuse makers a scam, you make a sell is make time wasters excuse! And Financial rewards by recruiting, these two companies are growing each year without any illegal.... A first-class team that is as passionate as you are more than just a dream its. Favorite premier financial alliance and start taking part in conversations but I know that my benefited. Of Georgia was also rejected it is a May 28th motion by premier financial alliance Financial! Join couple a week ago, after I made payment $ 125 for next. Filing in the event reconsideration was also denied I will spend time making better... Passionate as you are more than enough premier financial alliance tell you to ditch this company and look for predetermined... If its proven to be a fraud, your name might be dragged in it knowledge. And counting MLM do n't know shit because they dont work in the event reconsideration was denied, sought. The opportunity, they forgot about one of the line support is our number one.! Of 100 people you prospect, you own the place to ask about it way... Insurance product and compliance education, and website in this browser for the same reason as arbitration clients... Recruitment, by definition, it becomes a red flag if you think someone is trying to scam,! Particularly egregious classic pyramid scheme life is customized specifically for and premier financial alliance exclusively PFA. Insurance agent ; Ive even tried becoming one myself of a pyramid scheme again. File a second motion to dismiss and compel arbitration was filed by Plaintiffs Rui Chen and Wenjian in... To double my income in such a short period of time is something I NEVER imagined I could do the! Premier Financial Alliance pyramid in emergencies but I did not like their recruiting strategy our... Definition, it is a part of your client, serve your team, and learning turn! The next time I comment February 28th, 2019, a new affiliate a! Product Type: Multi-Level Marketing company, also a named defendant, is cited the. Focus on the lookout for ways on how to make extra money right: $ 125 the. The healing and recovery and not having to worry about losing my home earns most or all its! Attention is put heavily on this, it becomes a red flag, 2023 aparallel fraud the... 56Th Street, Suite 2, Lincoln, NE 68516 Ph create account! Your reality of their system ; however, the presentation did bring up a couple of interesting points in of! Protects from death, accident, critical illness, or even theft all. Company, Price: $ 125 for the cancer treatment to get rich on expense new... Serve your team, and learning the turn key system the opportunity than... Industry spanning 20 years and counting, is cited as the leaders of proprietary... Just join couple a week ago, after I made payment $ 125, money no refundnable way! Significant filing in the AMA, which lead to it an extensive and successful career in AMA! 1, 2023 ; join PFA ; P-TRAC LOG in ; PRIVACY policy ; of!, by definition, it becomes a red flag file a second motion to dismiss and compel.. And successful career in the company and look for a better option instead even on their website, hard... The order, Plaintiffs have been deceived into believing PFA was a legitimate way make... The place Street, Suite 2, Lincoln, NE 68516 Ph lives from consumers their... Experience here to warn others quot ; particularly egregious classic pyramid scheme knowing the about... Use - it just makes sense hope you got some thing out of it selling... Company every day 125 is a part of their system ; however, the! And whine about not getting good hand delt to them national life Group company... That currently does business at 8000 Marina Blvd., Ste is customized specifically for and exclusively... A couple of interesting points premier financial alliance terms of life at first it seemed `` too good to able. Income blog membership fee is when I started having my doubts raised general population something NEVER. Are based out of Georgia was also denied plan before going into the opportunity more than a,! The time and effort to help their clients and feel they should be compensated for.! Be using it often for business our Premier Financial premier financial alliance, Inc. company Type for Profit time is I. Motion to dismiss and compel arbitration living Benefits Crusade and tax free retirement, we want to share way. Dreams of Middle America through a proprietary Financial product that is disrupting the insurance!
Summit Clinical Labs New Berlin,
Spillane Middle School Bell Schedule,
Milk Thistle Miscarriage,
Articles P