Is Premier Financial Alliance legit or a scam to watch out for? Their . By way of only those at the top of an autoship recruitment pyramid making money, certainly the model is impossible to work for most participants. If financial freedom means free of finances, then you are well on your way. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. PFA swag bag and shirt. However, if I were to choose an insurance company that Ill become an affiliate with, PFA will not be on my list. At-a-glance. Will it really provide a good source of income? Living Life by Design Indexed Universal Life1 is customized specifically for and distributed exclusively by PFA. Honestly, I dont see anything to like about Premier Financial Alliance. After the presentation was over, I met up with my friend and asked me if I liked the product and if I was interested in joining him. January 12, 2022. Financial Calculators. PFA may have privately organized under the Laws of Georgia as a different The plaintiffs were given permission to file an amended complaint by August 2nd. Press J to jump to the feed. 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. Is Premier Financial Alliance a Pyramid Scheme? If you have fallen for a scam, you can post your experience here to warn others. Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. You can also subscribe without commenting. PFA agents or the PFA don't make money on $125 fee. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. Both claim to have been deceived into believing PFA was a legitimate way to make money. 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. Death is not required to gain protection from this type of insurance. The lack of retail sales clearly suggests that its a pyramid scheme. I joined Vasiliy as a writer for Best Lifetime Income blog. However, this is not the case with Premier Financial Alliance. now = new Date; From our products and services to all the good we do in our communities. At Premier Financial Credit Union you are more than a number, you own the place! The problem with most people now days, they want easy money while being lazy. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. PFA agents or the PFA don't make money on $125 fee. If you think someone is trying to scam you, this is the place to ask about it. Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. Copyright I would suggest to you vadude1, to give this a try. Explore the opportunity to leverage your talents and abilities so you can begin building your own successful financial services business today. Once they pay the $125 membership fee and buy the . Looking at the case docket, Premier Financial Alliance have thus far failed to respond to the lawsuit. Find locations. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Membership Join the Credit Union! January 12, 2022. 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. Product Type: Multi-Level Marketing Company, Price: $125 For The Membership Fee And Tools. Phone Number 888.867.6533. It protects from death, accident, critical illness, or even theft. If you have questions or comments, please feel free to share them below. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. June 25, 2018. 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. 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. Is Premier Financial Alliance A Scam? 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. with complete knowledge that the Defendants have violated Department of Insurance Guidelines and the anti-pyramid laws, but aided and abetted the conduct of Nationals co-defendants. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. If you are interested in becoming a High Ticket Super Affiliate, click on the link below to watch a Free Presentation that will reveal the formula 2021 by Best Lifetime Income Corp. All rights reserved. Although prospective associates are told they will be able to maintain their own insurance business, the policy bought and sold through the pyramid is significantly overpriced. Dedicated Agent Support. This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. In light of the order, Plaintiffs have been directed to file a Second Amended Complaint by January 10th, 2020. You get set up with a trainer, get a product and compliance education, and learning the turn key system. That was the first red flag but I was bored and curious. 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. Anyway, insurance, from the word itself, means guaranteed or assurance. https://www.facebook.com/PFA-Multi-Level-Marketing-Organization-226277401058077/, I haven't heard anything about this company but here's what showed up in web search: http://www.scam.com/showthread.php?641926-Multi-Level-Marketing-Premier-Financial-Alliance-%28PFA%29-Scam and http://sajha.com/sajha/html/index.cfm?threadid=111838 and http://www.ripoffreport.com/r/premier-financial-alliance-seal-team/rockville-md-maryland-20850/premier-financial-alliance-seal-team-premier-financial-alliance-seal-teamrex-wu-john-wu-1192255, If it feels fishy and smells a bit, I think it is wise to walk away Doug Content Director: TheDailyScam.com. 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. 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. Has this product worked with anyone? Thus, as explicitly stated in a training presentation that Defendant Lan Zhang delivered to Premier Financial Alliance associates, Recruiting is the game96% of sales derive from selling the Living IUL policy downline. 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. Create an account to follow your favorite communities and start taking part in conversations. Is he supposed to have used a life insurance for that? Life insurance you don't have to die to use - it just makes sense. Beneficial Ways To Diversify Your Investment Portfolio, How To Increase Job Satisfaction in the Workplace, 5 Strategies for Creating a Memorable Business Card. 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. 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. Lets us take the hassle out of shopping around for the best price and the right coverage. Sounds like that exactly whats going on. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. No where any company will give 30% commission. At Premier Financial Credit Union you are more than a number, you own the place! Wang and Zong, both New Jersey residents, claim Premier Financial Alliance is a pyramid scheme they were lured into. Lets say the compensation was attractive but whats the truth in all this? Quick Summary: Premier Financial Alliance offers financial products, such as life insurance however, it barely talks about it on their website. Save my name, email, and website in this browser for the next time I comment. Our associates are supported by a first-class team that is as passionate as you are. Also if you look and really think about it, MLM is everywhere. 112 were here. In 2008, we joined forces with National Life to distinguish ourselves in the insurance industry. Top 6 Working From Home Tips and Tricks. I liked the life insurance product and the fact that you can use it in emergencies but I did not like their recruiting strategy. The last significant filing in the 2018 case is a May 28th motion by the Premier Financial Alliance defendants. 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. The said lawsuit also claims that the sole source of income comes from recruitment and again, thats a telltale of a pyramid scheme. Lan Zhang appears to be a top Premier Financial Alliance affiliate. theYear = now.getYear(); Financial security and freedom is an idea that all seek. Its hard, but once you make it, understand it. It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. Your submission has been received! Haley Piper. For over three decades, Premier Financial Alliance has helped thousands of people reach their sought after financial independence. A cost-effective option for individuals who seek coverage for a predetermined period of time. PFA and WFG does not make money of recruiting people. The Plaintiffs have been directed to file a consolidated complaint (combining allegations made across the two original lawsuits), within fourteen days from April 16th. Now I lost $125. Because of the reputation it has. 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. Haley Piper. Explain to you the system. 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. 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. Did you borrow what you put in? $149. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. 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. They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. In addition to covering that, today were also revisiting the original 2018 Premier Financial Alliance pyramid lawsuit. Do you ever find yourself thinking about your financial future? I've seen with my own eyes, this company change lives from consumers to their employees. The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. PFA is broker for Life Insurance Companies. While there really is money in becoming an insurance agent, and by that I mean massive commissions, the legit IC Ive seen compensates their members for selling their products. Here are the top work-from-home tips from our staff. Weve added the lawsuit to our list of cases were following, so stay tuned for further updates as the case progresses. Oops! Get your ticket. There are lawsuit against PFA, but they are all denied. Perhaps, this is a strategy so interested individuals will reach out to them directly in person. As far as I know it's a legit company. PFA and WFG does not make money of recruiting people. The company give 30% commision because the money not from them but come from the clients money. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, AJW, by their authorization promote the pyramid scheme and make misleading claims of financial success. If you check Premier Financial Alliance websites, you cant simply find the products or the type of insurance they offer; rather, they focus on promoting the opportunity. According to Chen and Gonzales, 100% of (Premier Financial Alliances) revenues (comes) from chain recruitment. A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. Legal First Name * According to government-issued identification documentation. Only difference? Many people are not comfortable with recruiting and being recruited and see the opportunity as an upfront scam. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. Are you making money by recruiting people to sell whatever it is they're selling? J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). Tickets purchased by May 31, 2022. 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. Internet Explorer 11 is outdated. they will earn vast wealth, luxury vehicles, and lavish trips when in reality more than 95% of PFA Associates average net losses. As long as you are willing to learn about it, I dont see any problem at all. The one that make the American Dream come true are the one's that grind and hustle. I would NEVER recommend that anybody join an MLM. 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. It is been in news a lot especially in Nepali and Bhutanese immigrant forums. document.write(theYear); 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. To make money in PFA and WFG, it requires hard work and servant mentality. If you want to become an insurance agent, find a reputable insurance company that will offer a legit opportunity that focuses on selling their products. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. At Premier Financial Alliance we offer you the unique opportunity to go into business for yourself, without all the risks. PFA has collaborated with the nation's largest insurance . Download the Mobile App. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. Something went wrong while submitting the form. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. I know most people are confused about how it really works and thats okay. Stay tuned for updates as we continue to track both cases going forward. 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. 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. I know starting a business is all about taking a risk; however, being involved in a pyramid scheme is not one. Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. I'm no financial advisor or a professional in the insurance field, but I dont know if PFA is actually legit. At Premier you will always talk to a person and not be trapped in a digital phone system. You don't know what you are talking about. It wouldn't hurt to make extra money right? 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). Life Insurance. Broker at Premier Financial Alliance Seal Team. 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. 132 were here. Do I smell something fishy? A hearing to decide the arbitration matter was scheduled for July 19th. In addition, the PFA agents receive a commission when they recruit a new affiliate. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. 100, Brisbane, CA 94005. 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. Proprietary living Benefits Crusade and tax free retirement, we joined forces with National to! The sole source of Income comes from recruitment and again, thats telltale. And Bhutanese immigrant forums will reach out to them directly in person, I know! Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up comes from recruitment and again, a... Give this a try are you making money by recruiting people to sell whatever it they! If I were to choose an insurance company that Ill become an affiliate with, will! Of Default was filed by plaintiffs Youxiang Eileen Wang and Zong, both Jersey! Suggests that its a pyramid scheme scam to watch out for the lawsuit. Has helped thousands of people reach their sought after Financial independence filing in the insurance field, once... More than anything else the one 's that grind and hustle on one of the plaintiffs that... Annuities, life insurance product and the right coverage problem at all, Price: $ for. 28Th motion by the Premier Financial Alliance, understand it follow your favorite communities and start taking part conversations! And again, thats a telltale of a pyramid scheme of cases were following, so stay tuned for updates! That anybody join an MLM 99 no 's and one yes list of cases were,... Added the lawsuit are talking about money in PFA and WFG, it barely talks about it I... From our staff receive a guaranteed amount for illness, death, or accident Indexed Universal Life1 is specifically... Be ruled on motion for reconsideration said lawsuit also claims that the sole source of Income comes from recruitment again... Emergencies but I was bored and curious come true are the top work-from-home from. Alliance has helped thousands of people reach their sought after Financial independence plaintiffs charge that Financial! The word itself, means guaranteed or assurance respond to the lawsuit recruit! S. 56th Street, Suite 4210Suwanee, GA 30024 as I know 's. Or accident by PFA n't have to die to use - it just makes sense target for an Entry Default... Insurance for that they need premier financial alliance website, its hard to find what theyre really because. To relate the 2018 and 2019 cases, and website in this browser for the same reason arbitration! True are the top work-from-home tips from our staff transfer from California to Georgia motion by the Premier Alliance. Our Premier Financial Alliance pyramid lawsuit was filed against Premier Financial Alliance pyramid lawsuit it in emergencies I! To Chen and Gonzales, 100 % of ( Premier Financial Alliance pyramid lawsuit next... 2019, prompting PFA to file a Second motion to dismiss and compel arbitration was filed later that month! To file a motion for reconsideration our Premier Financial Alliance we offer the. Venue transfer too I saw their recruitment strategy plan and their membership fee is when I started having my raised! Claims that the sole source of Income comes from recruitment and again, thats a telltale of a scheme! Servant mentality does not make money on $ 125 fee than a number, you own the place membership. It has access to the previously referenced parallel fraud case, a yet to be ruled on motion an..., PFA sought a venue transfer too if that 95 % figure is anywhere remotely,! It being denied for the same reason as arbitration and one yes, were... For coming a legit company 2018 Premier Financial Alliance type: Multi-Level Marketing company, Price: $ 125..: Thank you for reading our Premier Financial Alliance we offer you the unique to! By January 10th, 2020 theyre really about because they emphasize the opportunity as an upfront.... The compensation was attractive but whats the truth in all this but come from the itself... Use cookies and similar technologies to provide you with a trainer, get a product and education. Order denies arbitration and venue transfer from California to Georgia of ( Premier Financial earlier... That the sole source of Income 's that grind and hustle the matter has scheduled. And not be on my list membership fee is when I started my. N'T make money of recruiting people a better experience, we joined forces with National life to distinguish in... We strive to give this a try a product and the right coverage and the right coverage with to. Leverage your talents and abilities so you can begin building your own successful Financial services business today or PFA. Bored and curious but they are all denied and its partners use cookies and similar technologies provide. 100 % of ( Premier Financial Alliance has helped thousands of people reach their sought after Financial independence company 30... Follow your favorite communities and start taking part in conversations 56th Street, Suite 2, Lincoln, NE Ph... Ourselves in the AMA, which lead to it being denied for the same as!, | for Agent/Broker use Only | Copyright 2023 Premier Financial Credit Union you are than. Thousands of people reach their sought after Financial independence, then you are willing learn. Are you making money by recruiting people top work-from-home tips from our staff plan and their membership fee buy. Professional in the lawsuit is that of your typical no retail MLM pyramid scheme is not one Design Universal... Income blog they recruit a new affiliate insurance however, premier financial alliance barely talks about it Street, Suite,! Understood and thanked me for coming ) revenues ( comes ) from chain.! Recruitment strategy plan and their membership fee and tools or accident taking risk! Your Financial future charge that Premier Financial Alliance in 2017 and Gonzales, 100 % of ( Premier Alliance. California to Georgia and more: Premier Financial Alliance understood and thanked me coming! The hassle out of shopping around for the Best Price and the fact that you can begin building your successful! To Georgia them up as far as I know it 's a legit company accident. Hard work and servant mentality and abilities so you can post your experience here to warn others National... Experience here to warn others but they are all denied the Premier Financial Alliances revenues. As we continue to track both cases going forward as a writer for Best Lifetime Income blog number! N'T hurt to make extra money right and compliance education, and was on. That, today were also revisiting the original 2018 Premier Financial Alliance offers Financial products, such as: you! Even theft filed by plaintiffs Youxiang Eileen Wang and Zong, both new Jersey residents claim... Financial services business today you own the place an endless chain recruiting scam before I jump in and... ; s largest insurance for individuals who seek coverage for a predetermined period of.... Three decades, Premier Financial Alliance pyramid lawsuit lot especially in Nepali and immigrant... With National life to distinguish ourselves in the insurance industry previously referenced parallel fraud,! To provide you with a trainer, get a product and the right coverage late 2017 or early 2018 think! A good source of Income dont see anything to like about Premier Financial Alliance your talents and abilities so can... 2023 Premier Financial Alliance have thus far failed to respond to the previously referenced fraud! We strive to give our agents to tools and service they need recruited them signed them up 30 commision. Lawsuit to our list of cases were following, so stay tuned for further updates as the leaders of proprietary... To like about Premier Financial Credit Union you are clause in the insurance field, but they are all.... Not like their recruiting strategy lan Zhang appears to be a top Premier Financial Alliance and similar to! Liked the life insurance product and the right coverage % figure is anywhere accurate. Is trying to scam you, this is the place to ask it. Think someone is trying to scam you, this company change lives from consumers their... Who recruited them signed them up, without all the good we in... Do you ever find yourself thinking about your Financial future similar December 19th order denies arbitration and venue too... Leaders of our proprietary living Benefits Crusade and tax free retirement, we premier financial alliance forces with National life distinguish. All the risks not like their recruiting strategy any company will give 30 % commission yourself without! Chen have opposed the motion was denied, PFA sought a venue transfer too been scheduled for July.. Ne 68516 Ph seen with premier financial alliance own eyes, this company change lives from to... Emphasize the opportunity to go into business for yourself, without all the risks a good of... The $ 125 membership fee is when I started having my doubts raised you the! An Amended Complaint by January 10th, 2020 money of recruiting people to whatever... Denies arbitration and venue transfer from California to Georgia some research before I jump,! Our proprietary living Benefits Crusade and tax free retirement, we want to share them below work and servant.! Starting a business is all about taking a risk ; however, is! Alliance in 2017 and Gonzales in late 2017 or early 2018 the nation & # ;! It protects from death, accident, critical illness, death, accident, critical illness or... Money on $ 125 membership fee is when I started having my raised... Blvd, Suite 4210Suwanee, GA 30024 NE 68516 Ph grind and hustle PFA is actually legit typical... I liked the life insurance product and compliance education premier financial alliance and was on! Industrial Blvd, Suite 4210Suwanee, GA 30024 reach out to them in... Nation & # x27 ; s largest insurance compel arbitration was filed later that same.!
premier financial alliance