Premier Financial Alliance Insurance Pyramid Scheme Complaint. 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. In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. 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. 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. The Premier Financial Alliance Lawsuit. Premier Financial Alliance have been directed to file their response to the lawsuit within twenty-one days of the filing. ATM Finder. Connect with others to build business relationships in the largest marketplace in the world. 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. A specific example cited in the lawsuit is a representation allegedly made by PFA, by which. What Is Premier Financial Alliance About? 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. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Now I lost $125. PFA has collaborated with the nation's largest insurance . I know most people are confused about how it really works and thats okay. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. What it does is that it grows funds to protect the policyholder from outliving their income. The said lawsuit also claims that the sole source of income comes from recruitment and again, thats a telltale of a pyramid scheme. 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. Will it really provide a good source of income? As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. Some are legit with good opportunity while some are a downright scam. Call us at (920) 898-4232. Stay tuned for updates as we continue to track both cases going forward. http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. They are the cry babies and whine about not getting good hand delt to them. Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. 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. You can also subscribe without commenting. In this post, well talk about an insurance organization called Premier Financial Alliance and why its making noise online. To join PFA, you have to pay a non-refundable amount of $125. Ask about our exclusive product that offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity. I was recently invited to a company presentation my friend was telling me about that he's a part of. We are a Insurance Broker representing over 50 carriers. The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. 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. All rights reserved. With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. Is Premier Financial Alliance A Pyramid Scheme/Ponzi Scheme? p.s. they never personally agreed to PFAs AMA. While they are too focused on promoting the opportunity, they forgot about one of the most important things when talking about a business. Someone reached out to me on Instagram recently. 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. 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. The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. The plaintiffs were given permission to file an amended complaint by August 2nd. This organization is a scam. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Lawsuit After Lawsuit Calling It A Pyramid Scheme. Legal First Name * According to government-issued identification documentation. The wechat (a popular social networking platform), instagram,facebook, and twitter posts made during the class period boast of luxury vehicles, grandiose trips, expensive fine dining. Membership Join the Credit Union! If you pay for them, you ruin your only profit line. Life insurance you don't have to die to use - it just makes sense. 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. Save my name, email, and website in this browser for the next time I comment. PFA and WFG are both legitimate company, not a scam. Lost Card. Online, offline, email, or postal. Download the Mobile App. Press J to jump to the feed. Create an account to follow your favorite communities and start taking part in conversations. The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. If so why would you borrow what is yours? Learn More . They can agree that this is the best company we have joined by far. Worse, if its proven to be a fraud, your name might be dragged in it, too. 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. Stated aims of the class-action include establishing. I've seen with my own eyes, this company change lives from consumers to their employees. No persons, except the promotors and operators of the Premier Financial Alliance scheme make any money. Save my name, email, and website in this browser for the next time I comment. You can check more insurance companies here. You're out $250 for the "product", and their site has no mention of any product except a business system. It wouldn't hurt to make extra money right? A cost-effective option for individuals who seek coverage for a predetermined period of time. 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. Chen and Gonzales lawsuit attributes the lack of retail disclosure to PFA. Confirm Email *. We Constantly Review Programs in "Make Money Online" Niche, So That You Don't Have to Waste Countless Hours, Premier Financial Alliance Review Summary. On the original 2018 pyramid scheme case docket, an administrative motion was filed on March 19th. The business opportunity is focused on recruiting people, and have them purchase 100 points in volumes. 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. Community. 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. ", "You're never too young for life insurance. The PFA lawsuit is still playing out. Contact Information. 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. No marketing is done to retail customers. 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 . 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. 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. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. About us. 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. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! Legal Last Name * According to government-issued identification documentation. Is he supposed to have used a life insurance for that? From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. 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. Internet Explorer 11 is outdated. Read More. Other drawbacks are more than enough to tell you to ditch this company and look for a better option instead. 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). 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. I believe and know now that PFA has the superior product. That deterred me from committing. No compensation plan. Founded Date 2003. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". The best way to know is have your friend explain to you how PFA make money. Talk to the one who invited you. 5.2 miles away from Premier Financial Alliance. Your submission has been received! ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. The importance is, is the lawsuit successfully. I cant stress enough the importance of knowing the details about their compensation plan before going into the opportunity. Once they pay the $125 membership fee and buy the . Whether retirement plans, funding your childs college tuition, or having enough money in the event of an emergency, these are the types of decisions that should be made sooner than later. That's not really a success story. Career. And obviously you won't get any results that way will you? Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. Online, offline, email, or postal. 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. I think people who have shit to say about mlm don't know shit because they dont work in the company. This includes the tools you need to grow your business, such as the PFA email system, marketing system, and business monitoring system. 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. 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