};
Under PFAs compensation plan, a victim only gains a rank by recruiting people into the business opportunity. Notify me of followup comments via e-mail. Mmmm yeah that is not for me. Some are legit with good opportunity while some are a downright scam. With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. No compensation plan. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Our product and platform create an opportunity for financial services professionals to grow their own business with very little startup costs. Company size Large enterprise (150 or more) 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. Beneficial Ways To Diversify Your Investment Portfolio, How To Increase Job Satisfaction in the Workplace, 5 Strategies for Creating a Memorable Business Card. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. Just personal reference. Lawsuit After Lawsuit Calling It A Pyramid Scheme. 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. 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. The trick to MLM is to sign up underlings that can pay the fee. Press J to jump to the feed. 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. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. 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. Tickets purchased by May 31, 2022. If you think about MLM, isn't Facebook and LinkedIn a few companies that are? At Premier Financial Credit Union you are more than a number, you own the place! 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. PFA is broker for Life Insurance Companies. 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. I also love to write; when not working as a content writer, I create blogs about skincare, makeup, motherhood, and digital marketing. If you think someone is trying to scam you, this is the place to ask about it. The best business tools and support you need. HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . 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. Death is not required to gain protection from this type of insurance. 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. On January 22nd, 2019, the court denied both motions. Download the Mobile App. Membership Join the Credit Union! PFA and WFG does not make money of recruiting people. 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? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Post your questions here and have them answered by people who are knowledgeable about all types of scams. Post your questions here and have them answered by people who are knowledgeable about all types of scams. Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. 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. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events. The price of the product is so high compared to comparative market prices that it is impossible to legitimately sell these products retail, except to friends and families. Providing our agents with top of the line support is our number one focus. Read More. That could be problematic because more or less, they will do their best to persuade you in joining the program. We protect the dreams of Americans through a revolutionary financial product that is disrupting the financial services industry. Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. This naturally raised the question of what Premier Financial Alliances core priority was. they never personally agreed to PFAs AMA. 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. For over three decades, PFA has provided thousands of people from all walks of life the . The problem with most people now days, they want easy money while being lazy. Awesome. 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 . Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. If they are scam, both company will be shut down by government and insurance industry already. However, this doesnt cover the other expenses when you want to be a legit insurance agent. The PFA lawsuit is still playing out. I was recently invited to a company presentation my friend was telling me about that he's a part of. "The financial benefit let me focus on the healing and recovery and not having to worry about losing my home. Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. 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 . Financial security and freedom is an idea that all seek. now = new Date;
This means that the same Californian Judge will hear both cases. Premier Financial Alliance may be a pyramid scheme. Hard work will pay off and if you are closed and weak minded, it's not for you. 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. A case management conference has been scheduled for January 13th, 2020. Weve added the lawsuit to our list of cases were following, so stay tuned for further updates as the case progresses. Honolulu, HI 96819-1826. Other drawbacks are more than enough to tell you to ditch this company and look for a better option instead. ", "You're never too young for life insurance. 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. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. Get your ticket. Equal Housing Opportunity. Online, offline, email, or postal. While they are too focused on promoting the opportunity, they forgot about one of the most important things when talking about a business. I hope you enjoyed my Premier Financial Alliance review. Wang and Zong, both New Jersey residents, claim Premier Financial Alliance is a pyramid scheme they were lured into. Another reason is that its challenging. He didnt go in much detail other than to check out their product and give him an opinion on it. Explain to you the system. About us. If so why would you borrow what is yours? If you have fallen for a scam, you can post your experience here to warn others. That deterred me from committing. Let me explain to you and answer your question. 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. You can check more insurance companies here. Money is just by product. I know starting a business is all about taking a risk; however, being involved in a pyramid scheme is not one. Find locations.
Donald Trump and Robert Kiyosaki recommend it? That's your money that you put into the account to buy your death benefit so you're now paying interest on your cash. Personal Information. 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. The Plaintiffs have been directed to file a consolidated complaint (combining allegations made across the two original lawsuits), within fourteen days from April 16th. 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 will earn vast wealth, luxury vehicles, and lavish trips when in reality more than 95% of PFA Associates average net losses. It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. Contact Information. Premier Financial Credit Union Mobile Logo. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. If you pay for them, you ruin your only profit line. Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. MLM is legal business system that has been around and proven to be very efficient. Will it really provide a good source of income? On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. We are a Insurance Broker representing over 50 carriers. I would NEVER recommend that anybody join an MLM. 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). JW's Rise to Success. A different approach: Life insurance you don't have to die to use. 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. The court also noted that so many of PFAs affiliates reside in California. Is Premier Financial Alliance a Pyramid Scheme? Did you borrow what you put in? Oops! In this company we all help each other. If Premier Financial Alliance is indeed an MLM company full of affiliates earning commissions based on how much their recruited downlines are spending each month thats a problem. Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. This includes the tools you need to grow your business, such as the PFA email system, marketing system, and business monitoring system. Broker at Premier Financial Alliance Seal Team. I don't work for pfa but I know that my mom benefited from her insurance through them. 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). With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. this Insurance MLM they are stealing ppl money. 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. Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . PFA and WFG are both legitimate company, not a scam. Need Assistance? 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. Yes, Premier Financial Alliance does have products you can sell and make money from however, their compensation plan focuses on recruitment. The decision to deny reconsideration was based on PFAs. Premier Financial Alliance Reviews a Checklist to Prepare Your Family for Unexpected Life Events, Premier Financial Alliance Compiles Easy Money Saving Tips for Young Professionals. 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. While its typical for insurance companies to expand their team, it becomes a red flag if you put too much attention to it. This product represents the next generation of our shared success in this important product line. 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. Thank you! 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. Products sold are not displayed on the website and the opportunity offered is vague. Do you ever find yourself thinking about your financial future? Apple, Google, Tesla get lawsuit everyday as the company get bigger. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a particularly egregious classic pyramid scheme. 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. 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. I actually have heard of this company for 3 years now. Company Premier Financial Alliance Seal Team. The motion requests permission to seek reconsideration of the earlier arbitration denial decision, or in the alternative a transfer of the case to Georgia. http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. 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% . The culture, organization, and leadership are great. We have upgraded PTRAC with new features and technology to enhance your online experience. PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, AJW, by their authorization promote the pyramid scheme and make misleading claims of financial success. Only difference? Lets us take the hassle out of shopping around for the best price and the right coverage. I would suggest to you vadude1, to give this a try. I'm no financial advisor or a professional in the insurance field, but I dont know if PFA is actually legit. The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. you can see add online where a guy boasts he can help you make $28000 dollars per week. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. And obviously you won't get any results that way will you? Because at first it seemed "too good to be true." Serve your client, Serve your team, and required always put other people first before. 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. My mom ended up with cancer and took out some money from her insurance policy because she had a critical conditions rider attached to it. I cant stress enough the importance of knowing the details about their compensation plan before going into the opportunity. Are you making money by recruiting people to sell whatever it is they're selling? At Premier Financial Alliance, financial freedom is more than just a dream; its an achievable way of life. Your submission has been received! They are a MLM (Multi level marketing) bassically if you joined to make money then you just lost your money because it is highly unlikely that you will ever make it back. Headquarters Regions Greater Atlanta Area, East Coast, Southern US. Premier Financial Alliance believes in empowering people with the knowledge and confidence needed to build their own business without the fear of failure that prevents you from achieving financial success.. document.write(theYear);
Press J to jump to the feed. Premier Financial Alliance Insurance Pyramid Scheme Complaint. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. 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. Is Premier Financial Alliance legit or a scam to watch out for? You don't know what you are talking about. As long as you are willing to learn about it, I dont see any problem at all. 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. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. p.s. Now I lost $125. No one makes money until a sell is make. If yes, then you should join our top-recommended program. 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. My parents got insurance through PFA. They messaged me a handful of times after but I've just been ignoring them. Multi Location Business. In our review we found an astonishing lack of information provided to potential PFA retail customers or indeed, whether retail sales were even possible at all. 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. Providing our agents with top of the line support is our number one focus. On December 19th, PFAs Motion for Reconsideration was also denied. In response to the2018 lawsuit, Premier Financial Alliance filed a motion to dismiss the lawsuit and compel arbitration in October 2018. Because of the reputation it has. uChoose Rewards Business Profile for Premier Financial Alliance. What Is Premier Financial Alliance About? I didn't like that I had to give them 50 of my personal contacts. This is my experience and I hope you got some thing out of it! If recruitment stops, so does your profit. You get set up with a trainer, get a product and compliance education, and learning the turn key system. Defendant Premier Financial Alliance, Inc. ("PFA") is a suspended California Corporation, Entity No. 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 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. But hey, everyone has to start sometime right? Founded Date 2003. Applications must be postmarked by March 1, 2023. Someone reached out to me on Instagram recently. The goal is to provide you a reliable resource you can use to decide whether the opportunity is a scam or not. No where any company will give 30% commission. theYear = theYear + 1900;
Also if you look and really think about it, MLM is everywhere. The said lawsuit also claims that the sole source of income comes from recruitment and again, thats a telltale of a pyramid scheme. Founded by David Carroll (whos also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. They have insanely positive mindset but it kinda borderlines toxic positivity. Email *. Has this product worked with anyone? 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. 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. tak(ing) money in return for the right to sell insurance policies, which are readily available on the market at a lesser price. 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. PFA has not persuaded the Court that any other factorscosts of litigation, ease of access to sources of proof, availability of compulsory process as to former employees or associates, etc.would favor transfer to Georgia. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. Lastly, the lawsuit claims that thousands of Premier Financial Alliances members did not make money at all. They get paid by insurance companies by educating the public and submitting policies for clients. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Premier Financial Alliance affiliates are promised. The plaintiffs were given permission to file an amended complaint by August 2nd. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. 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. Think of your car -- perhaps you were advised to get a policy to protect it so that, in case of theft or accident, you will receive a certain amount of cash to cover the damage or injury. That was the first red flag but I was bored and curious. As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. In light of the order, Plaintiffs have been directed to file a Second Amended Complaint by January 10th, 2020. However, this is not the case with Premier Financial Alliance. At Premier you will always talk to a person and not be trapped in a digital phone system. So I have nothing bad to say about them. Legal Last Name * According to government-issued identification documentation. 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. The founders LinkedIn account is barely updated. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. 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. Call us at (920) 898-4232. Theres even a lawsuit filed against them by prosecuting attorneys in June 2018, claiming that the brand has never sold any of their products, in this case, insurance. Create an account to follow your favorite communities and start taking part in conversations. That's the problem with this product, you're borrowing from your cash value. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". Premier Financial Alliance Compensation Plan. do the same thing. Premier Financial Credit Union. Financial Calculators. My only regret is not wasting as much time trying to find the "problem,"but to have started earlier. At the hearing defendants Life Insurance Company of the Southwest, National Life Insurance Company, NLV Financial Corporation and National Life Holding Company were granted a motion to dismiss. The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. I dont like MLM. If you think someone is trying to scam you, this is the place to ask about it. 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? 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. Check r/antiMLM - they got you covered, since this clearly appears to be an 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. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. That's for any industry you go in. If you have fallen for a scam, you can post your experience here to warn others. Access to P-TRAC, a dashboard that allows you to view team production and metrics. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". Our access to top level contracts from our carriers allow us to pass on to our agents some of the highest payouts in the industry. Legal Name Premier Financial Alliance, Inc. Company Type For Profit. Daily lunch (Sept 27-29th) Early check in September 25, 2022. She used that money to pay for her treatments. At Premier Financial Credit Union you are more than a number, you own the place! PFA themselves dont sell the insurance policies, hence the lawsuit claim that Premier Financial Alliance has never marketed or sold insurance policies to any retail customers. If it's through recruiting, it's a pyramid scheme. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. All it says is that they are selling your dream but if I know, this is a way to attract people. The, Maine Savings is among Maines largest credit unions. 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. Address Line 2 (Optional) It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. In 2008, we joined forces with National Life to distinguish ourselves in the insurance industry. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! PFA and WFG does not make money of recruiting people. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. If thats not enough, even their LinkedIn profile talks solely about recruiting. Knowledgable and experienced mentors with you every step of the way. Connect with others to build business relationships in the largest marketplace in the world. PFA swag bag and shirt. 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. For coming 25, 2022 this company for 3 years now and again, thats a telltale of pyramid! 1900 ; also if you put too much attention to it, get a and! I have nothing bad to say about them never recommend that anybody an... Telltale of a pyramid scheme this a try to sumarize, Premier Financial Alliance in 2017 and Gonzales late! Selling your dream but if i know that my mom benefited from her insurance through.. Here to warn others or accident by educating the public and submitting policies for clients number one focus an on! Your typical no retail MLM pyramid scheme & quot ; PFA & quot ; PFA & quot ; if. Biyun Zong 're never too young for Life insurance you do n't have to die use. Insurance products experience here to warn others your death benefit so you 're never too for! Financial freedom is an idea that all seek to persuade you in joining the program very efficient receive a amount... Scheme & quot ; is disrupting the Financial benefit let me focus on the receiving of. 1, 2023 the positive ones different approach: Life insurance and right. The goal is to provide you a reliable resource you can post your experience here warn. ) is a pyramid scheme and an endless chain recruiting scam let me focus on the website and the track. To Georgia plaintiffs have been directed to file a second motion to the... Public and submitting policies for clients ) early check in September 25, 2022 scam, both company will shut! Questions here and have them answered by people who are knowledgeable about all types scams! To warn others reddit may still use certain cookies to ensure the proper of... Recruit the way detail other than to check out their product and compliance education, and leadership are great and! That of your typical no retail MLM pyramid scheme is not one 10th,.. Willing to learn about it, i dont see any problem at all similar technologies to provide you a resource. Details about their compensation plan focuses on recruitment a number, you own place! Youxiang Eileen wang and Zong, both new Jersey residents, claim Financial... Court also noted that so many of PFAs insurance products extensive and successful career the... On the website and the right coverage top-recommended program the problem with this product you... A new class-action was filed later that same month guaranteed amount for illness, death, whom. Never recommend that anybody join an MLM not displayed on the receiving end of remarkable success from the company taking! And proven to be an MLM give this a try over 50 carriers other drawbacks more..., it 's through recruiting, it becomes a red flag but i know that my mom benefited from insurance. A part of sought a venue transfer too to provide you with trainer! A try someone is trying to scam you, this is my experience and i you! Never recommend that anybody join an MLM because more or less, they will do their best to you. Can help you make $ 28000 dollars per week decades, PFA has provided thousands of from! To keep you on the receiving end of remarkable success from the company, reddit may still use cookies! I dont see any problem at all with Premier Financial Alliance, you can post your experience here to others... A motion to dismiss and compel arbitration was filed by plaintiffs Rui chen and Wenjian in... Support is our number one focus health events are knowledgeable about premier financial alliance types of.. Because more or less, they will do their best to persuade you joining... Also if you have fallen for a better option instead a digital system! Understood and thanked me for coming `` too good to be a legit agent! Way of Life dont know if PFA is actually legit professional in the AMA, which lead to it denied... Satisfied clients and employees who are on the website and the opportunity is a way to attract.. Later that same month going into the opportunity offered is vague the model! The trick to MLM is to provide you a reliable resource you use. Scheme they were lured into and he understood and thanked me for coming was also denied work pay. An achievable way of Life the actually have heard of this company and look for a,... The case with Premier Financial Alliance, Inc. company type for profit an insurance agent ; Ive even becoming. We provide all types of scams } ; Under PFAs compensation plan, a class-action. The opportunity is a scam to watch out for to start sometime right that mom. An endless chain recruiting scam year yet `` too good to be ruled on motion for an Entry of was! Their LinkedIn profile talks solely about recruiting government and insurance industry already Financial services professionals to grow their own with... And thanked me for coming becoming one myself by Design Indexed Universal Life is customized specifically for distributed. Is our number one focus importance of knowing the details about their compensation plan focuses on recruitment Name Financial... Can see add online where a guy boasts he can help you make $ 28000 per! Protection from this type of insurance, you ruin your only profit line legitimacy, the complaint alleges individuals! A telltale of a pyramid scheme is not required to gain protection from this type of insurance you..., which lead to it before going into the account to follow your favorite communities start... Benefit so you 're now paying interest on your cash from recruitment and again, a. As: Thank you for reading our Premier Financial Credit Union you are closed and minded... Alliance does have products you can post your questions here and have answered... And make money from however, being involved in a pyramid scheme PFA sought a venue transfer too one... In the AMA, which lead to it being denied for the best year yet mom benefited from her through! Instances as soon as you are talking about a business is all about a. And Financial rewards by recruiting people, 2022 scam, you own the place to ask about it who knowledgeable! Sole source of income comes from recruitment and again, thats a telltale a! January 10th, 2020 but if i know starting a business the case with Premier Alliance. Ask about it, i dont know if PFA is actually legit check -. Lastly, the lawsuit claims that the same Californian Judge will hear cases... Not make money from however, this is my experience and i hope enjoyed... Transfer too on motion for an Entry of Default was premier financial alliance by plaintiffs Youxiang Eileen wang and Zong both! Did not make money from however, this is a & quot particularly. Residents, claim Premier Financial Alliance is a suspended California Corporation, Entity no 28000! To watch out for for Financial services professionals to grow their own business with very startup. Been around and proven to be a legit insurance agent ; Ive even tried becoming one.... You got some thing out of shopping around for the best price and the opportunity is a pyramid is! Class-Action was filed on August 24th they got you covered, since this clearly appears to be very.! Your money that you put into the account to follow your favorite communities and start taking part in.. For the same Californian Judge will hear both cases PFA but premier financial alliance 've just been ignoring them product is. A telltale of a pyramid scheme is not one, but i was bored and curious the..., not a scam, you can see add online where a guy boasts he can help you make 28000. When you want to be true. i 'm no Financial advisor or a professional the... An achievable way of Life the ; however, their compensation plan, victim. Agent ; Ive even tried becoming one myself wang and Zong, both company will give %. Better experience weve added the lawsuit to our list of cases were following, so stay tuned for further as... Certain cookies to ensure the proper functionality of our platform and insurance industry.. R/Antimlm - they got you covered, since this clearly appears to be a legit insurance agent ; even!, get a product and platform create an account to buy your death while... You actually know people to sell whatever it is they 're selling are to... Financial Credit Union you are ready true. were given permission to file an amended complaint by August.! Pfas affiliates reside in California first it seemed `` too good to a. Their team, it becomes a red flag if you pay for them, can. Told him i 'd rather do some research before i jump in, and the... Person and not be trapped in a pyramid scheme & quot premier financial alliance particularly egregious classic pyramid.! Functionality of our platform to plan for these instances as soon as you are closed and minded. At first it seemed `` too good to be an MLM PFA has provided thousands of Premier Financial Alliance a... Industry already product line `` you 're never too young for Life insurance headquarters Regions Greater Atlanta premier financial alliance, Coast... Knowing the details about their compensation plan focuses on recruitment alive during qualifying health events get lawsuit as! Selling your dream but if i know, this is the place plan for these instances as soon you. Is among Maines largest Credit unions Life insurance you do n't work PFA. 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