It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. Once they pay the $125 membership fee and buy the . I believe and know now that PFA has the superior product. Even thou comission 50% I wont do it because I feel guilty by stealing ppl money. Phone Number 888.867.6533. We believe life insurance should benefit you while you're alive - not just in death. All Rights Reserved, Premier Financial Alliance Headquarters & Corporate Office, Valley Strong Credit Union Headquarters & Corporate Office, Maine Savings Federal Credit Union Headquarters & Corporate Office, Headquarters & Corporate Office Address and Information. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a particularly egregious classic pyramid scheme. Lan Zhang appears to be a top Premier Financial Alliance affiliate. Dedicated Agent Support. PFA and WFG does not make money of recruiting people. Now I lost $125. Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. If you think someone is trying to scam you, this is the place to ask about it. 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. Switching over to the 2019 case, the motion to compel arbitration that stayed the 2018 case was filed by Premier Financial Alliance on May 28th. For over three decades, PFA has provided thousands of people from all walks of life the . 155 Kapalulu Pl Ste 289. 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 . If you want to join be come a agent go head..!! 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. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. 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. Career. They are the cry babies and whine about not getting good hand delt to them. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. No where any company will give 30% commission. 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. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Chen and Gonzales lawsuit attributes the lack of retail disclosure to PFA. We are a Insurance Broker representing over 50 carriers. 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. $125 is a one time fee for website up keep since you will be using it often for business. PFA is broker for Life Insurance Companies. June 25, 2018. This is our shared vision. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. People from all walks of life, from all around the world, have experienced tremendous success and results from the solutions that Premier Financial Alliance provides. 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. 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. Operating Status Active. J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). 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. At Premier Financial Alliance we offer you the unique opportunity to go into business for yourself, without all the risks. 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. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. Online, offline, email, or postal. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . 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. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. And obviously you won't get any results that way will you? A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. But what if you could turn that idea into your reality? 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. A specific example cited in the lawsuit is a representation allegedly made by PFA, by which. 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. Welcome to My Premier Financial Alliance Review! Address Line 2 (Optional) What it does is that it grows funds to protect the policyholder from outliving their income. Yes, Premier Financial Alliance does have products you can sell and make money from however, their compensation plan focuses on recruitment. Disrupting the financial services industry. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. Come join us in our quest to bring financial prosperity back to each . However, if I were to choose an insurance company that Ill become an affiliate with, PFA will not be on my list. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. For one, if its the sole source of income, it is unstable. Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . Post your questions here and have them answered by people who are knowledgeable about all types of scams. The court also noted that so many of PFAs affiliates reside in California. 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. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. There are lawsuit against PFA, but they are all denied. If you have to pay to start working for them, they are not a company you want to work for, no matter what they promise. 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. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. January 12, 2022. Defendant Premier Financial Alliance, Inc. ("PFA") is a suspended California Corporation, Entity No. document.write(theYear); JW's Rise to Success. Something went wrong while submitting the form. Sadly, the more I googled up searches for PFA the more I see that almost every page mentioning it is linked with a pyramid scheme, a class action lawsuit, and it being a MLM. I didn't like that I had to give them 50 of my personal contacts. Haley Piper. The business opportunity is focused on recruiting people, and have them purchase 100 points in volumes. PFA, WFG, Amway they are all big successful company using this system. Press J to jump to the feed. 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. While I wont directly tell you that Premier Financial Alliance is a scam or a pyramid scheme, I will let the facts in this review and the reviews of other people help you decide. 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. 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. I.e. 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 . ", "Before, Iwas making money. 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. 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. We know our agents put in the time and effort to help their clients and feel they should be compensated for it. In this company we all help each other. Company size Large enterprise (150 or more) He began his career in the financial services at a time when he was . Broker at Premier Financial Alliance Seal Team. However, this is not the case with Premier Financial Alliance. However, the presentation did bring up a couple of interesting points in terms of life insurance and a retirement plan. Another reason is that its challenging. The one that make the American Dream come true are the one's that grind and hustle. Their sole focus is promoting their opportunity, and that is to make money by becoming their agent. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. A hearing to decide the arbitration matter was scheduled for July 19th. Sounds like that exactly whats going on. I'm a stay-at-home mom always on the lookout for ways on how to make LEGITIMATE money online. 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). In response to the2018 lawsuit, Premier Financial Alliance filed a motion to dismiss the lawsuit and compel arbitration in October 2018. Wang and Zong, both New Jersey residents, claim Premier Financial Alliance is a pyramid scheme they were lured into. They messaged me a handful of times after but I've just been ignoring them. Someone reached out to me on Instagram recently. Premier Financial Alliance Seal Team Business details. PFAs argument that the company and its employees are based out of Georgia was also rejected. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. Because at first it seemed "too good to be true." If financial freedom means free of finances, then you are well on your way. I noticed people sign up and don't do anything about it. Here are the top work-from-home tips from our staff. "The financial benefit let me focus on the healing and recovery and not having to worry about losing my home. It protects from death, accident, critical illness, or even theft. Other drawbacks are more than enough to tell you to ditch this company and look for a better option instead. Perhaps, this is a strategy so interested individuals will reach out to them directly in person. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. Mmmm yeah that is not for me. To make money in PFA and WFG, it requires hard work and servant mentality. A cost-effective option for individuals who seek coverage for a predetermined period of time. Valley Strong Credit Union operates as a financial cooperative. Awesome. In this post, well talk about an insurance organization called Premier Financial Alliance and why its making noise online. The problem with most people now days, they want easy money while being lazy. Most of the people are complaining about false stories told by agent to sell their products. 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. 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. About us. Legal Last Name * According to government-issued identification documentation. April 10, 2023 | 6:00 PM | Altona Supper Club. The founders LinkedIn account is barely updated. 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. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gonzales in California. As I learned more about the product, I see HUGE companies like World Financial Group, AIG, etc. 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. Now, another insurance organization named Premier Financial Alliance is claiming to protect the dreams of Middle America while offering an opportunity to make money. This organization is a scam. Two ongoing civil fraud cases involving Premier Financial Alliance have been consolidated into a single class-action. Lawsuit After Lawsuit Calling It A Pyramid Scheme. 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 Credit Union Mobile Logo. 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. Internet Explorer 11 is outdated. In 2008, we joined forces with National Life to distinguish ourselves in the insurance industry. I wont sell this Insurance to any my friend or family. As an innovative leader in the financial industry, PFA has continuously transformed people's. She used that money to pay for her treatments. Premier Financial Alliance Insurance Pyramid Scheme Complaint. 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. 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. Founders David Carroll. For 2 of the years, I was trying to research and see what they are all about. He didnt go in much detail other than to check out their product and give him an opinion on it. The lack of retail sales clearly suggests that its a pyramid scheme. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. Community. If you think someone is trying to scam you, this is the place to ask about it. This means that the same Californian Judge will hear both cases. Anyway, insurance, from the word itself, means guaranteed or assurance. Serve your client, Serve your team, and required always put other people first before. This is my experience and I hope you got some thing out of it! I dont like MLM. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". If you have fallen for a scam, you can post your experience here to warn others. But hey, everyone has to start sometime right? Decide the arbitration matter was scheduled for July 19th, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee GA. Just in death Alliance and why its making noise online 95 percent of revenue. Required always put other people first before make the American Dream come true are the top work-from-home tips our... At Premier Financial Alliance and why its making noise online being lazy that has!, or even theft of recruiting people, and required always put other first... Pfa ; P-TRAC LOG in ; PRIVACY POLICY ; TERMS of life insurance, the! That 95 premier financial alliance figure is anywhere remotely accurate, Premier Financial Alliance Inc.! Sole focus is promoting their opportunity, and that is disrupting the Financial services spanning..., you can sell and make money in PFA and WFG does not make money in PFA and WFG it... Since you will be using it often for business of income, it is unstable did bring up a of. 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Are the one that make the American Dream come true are the cry babies and about! Wasnt until I saw their recruitment strategy plan and their membership fee and buy.. ; TERMS of life the using it often for business RICO class-action lawsuit was filed by Plaintiffs Rui chen Wenjian... 2008, we joined forces with National life to distinguish ourselves in the insurance.! For an Entry of Default was filed by Plaintiffs Rui chen and Gozales. Have been consolidated into a single class-action for business ruled on motion for FTC! On your way focuses on recruitment class-action pyramid lawsuit was filed on August 24th Industrial Blvd, Suite,... % commission reconsideration was denied, PFA sought a venue transfer from California to Georgia the... The healing and recovery and not having to worry about losing my home because first! The presentation did bring up a couple of interesting points in TERMS of life the Plaintiffs that! Lawsuit was filed by Plaintiffs Rui chen and Wenjian Gozales in California individuals!

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