Explore the opportunity to leverage your talents and abilities so you can begin building your own successful financial services business today. In this company we all help each other. Life Insurance. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Founded in, 2021 headquarterlocation.com. You don't know what you are talking about. Stay tuned for updates as we continue to track both cases going forward. The culture, organization, and leadership are great. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. 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. They are obviously doing something right. What Is Premier Financial Alliance About? I don't work for pfa but I know that my mom benefited from her insurance through them. So, youre looking for a source of income that wont put your name and money at risk? Contact Information. Press question mark to learn the rest of the keyboard shortcuts. The problem with most people now days, they want easy money while being lazy. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. If you want to join be come a agent go head..!! This product represents the next generation of our shared success . I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. Access to P-TRAC, a dashboard that allows you to view team production and metrics. PFA and WFG are both legitimate company, not a scam. ", To be able to double my income in such a short period of time is something I never imagined I could do. Read More. I liked the life insurance product and the fact that you can use it in emergencies but I did not like their recruiting strategy. Providing our agents with top of the line support is our number one focus. }; Donald Trump and Robert Kiyosaki recommend it? January 12, 2022. Phone number *. Broker at Premier Financial Alliance Seal Team. 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. Something went wrong while submitting the form. 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. 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 . Oops! A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. Btw I also paid my friends $125 cause he didn't have it at the time. 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. Sounds like that exactly whats going on. That's not really a success story. ChromeFirefoxEdge. A hearing to decide the arbitration matter was scheduled for July 19th. They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. 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. Applications must be postmarked by March 1, 2023. Confirm Email *. C2820332, that currently does business at 8000 Marina Blvd., Ste. Multi Location Business. At Premier Financial Credit Union you are more than a number, you own the place! 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. Address Line 1 *. Are you making money by recruiting people to sell whatever it is they're selling? Its not just in case you die - it's to live a life you love. The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. That's your money that you put into the account to buy your death benefit so you're now paying interest on your cash. 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. The importance is, is the lawsuit successfully. Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. Hard work will pay off and if you are closed and weak minded, it's not for you. Business Profile for Premier Financial Alliance. If you have questions or comments, please feel free to share them below. 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. A specific example cited in the lawsuit is a representation allegedly made by PFA, by which. He began his career in the financial services at a time when he was . Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. 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 . On the original 2018 pyramid scheme case docket, an administrative motion was filed on March 19th. I know starting a business is all about taking a risk; however, being involved in a pyramid scheme is not one. 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. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. 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. We have upgraded PTRAC with new features and technology to enhance your online experience. 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. 132 were here. Death is not required to gain protection from this type of insurance. 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. 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. Defendants named in the lawsuit include Premier Financial Alliance, David Caroll (CEO and Founder), Jack Wu (chairman and ringleader) and his company AJW Productions, Rex Wu (field chairman), Lan Zhang (an original member of PFA), Bill Hong (conspirator). This naturally raised the question of what Premier Financial Alliances core priority was. Once you are license and trained, you make a sell to a client, thats when you and the company make money. It wouldn't hurt to make extra money right? 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. 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 said lawsuit also claims that the sole source of income comes from recruitment and again, thats a telltale of a pyramid scheme. Two ongoing civil fraud cases involving Premier Financial Alliance have been consolidated into a single class-action. Honolulu, HI 96819-1826. The PFA lawsuit is still playing out. They are the cry babies and whine about not getting good hand delt to them. 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 tax season with discounts on tax solutions that save you money, time and stress. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. In addition, the PFA agents receive a commission when they recruit a new affiliate. 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. PFA swag bag and shirt. Products sold are not displayed on the website and the opportunity offered is vague. Create an account to follow your favorite communities and start taking part in conversations. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. However, this doesnt cover the other expenses when you want to be a legit insurance agent. They have insanely positive mindset but it kinda borderlines toxic positivity. 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. It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. Providing our agents with top of the line support is our number one focus. http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. PFAis leading the way in the cause to educate Americans about the Living Benefits story. Defendants have failed to meet their burden to show, by undisputed material facts, that the parties entered into an agreement to arbitrate the claims here. 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. They messaged me a handful of times after but I've just been ignoring them. 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. In case youre not familiar with insurance, Ill do my best to explain it in the simplest way possible. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. 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. On January 22nd, 2019, the court denied both motions. Company size Large enterprise (150 or more) 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. 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. Thank you! Personal Information. There were a couple companies that I was also invited to due to a friend and a family friend, but I didnt bother joining as I wasnt that interested at the time. 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. In response to the2018 lawsuit, Premier Financial Alliance filed a motion to dismiss the lawsuit and compel arbitration in October 2018. Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. If so why would you borrow what is yours? 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. 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. The company give 30% commision because the money not from them but come from the clients money. At Premier Financial Alliance, financial freedom is more than just a dream; its an achievable way of life. I believe and know now that PFA has the superior product. 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. Under PFAs compensation plan, a victim only gains a rank by recruiting people into the business opportunity. Suite 289. 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. Manages clients' investments, helps them buy and sell stocks and bonds, assists with tax planning, etc. For 2 of the years, I was trying to research and see what they are all about. 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. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. Premier Financial Alliance may be a pyramid scheme. 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. Premier Financial Alliance. Save my name, email, and website in this browser for the next time I comment. That could be problematic because more or less, they will do their best to persuade you in joining the program. Premier Financial Alliance sells financial products, such as life and annuity insurance. However, the presentation did bring up a couple of interesting points in terms of life insurance and a retirement plan. 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