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. PFAs argument that the company and its employees are based out of Georgia was also rejected. Press question mark to learn the rest of the keyboard shortcuts. If so why would you borrow what is yours? PFA is broker for Life Insurance Companies. Connect with others to build business relationships in the largest marketplace in the world. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). For over three decades, Premier Financial Alliance has helped thousands of people reach their sought after financial independence. Thank you! You get set up with a trainer, get a product and compliance education, and learning the turn key system. Knowledgable and experienced mentors with you every step of the way. 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. Premier Financial Alliance Seal Team Business details. 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. They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. At-a-glance. 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. BehindMLMreviewed Premier Financial Alliancein 2016. Community. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. I cant stress enough the importance of knowing the details about their compensation plan before going into the opportunity. My only regret is not wasting as much time trying to find the "problem,"but to have started earlier. If you think someone is trying to scam you, this is the place to ask about it. Premier Financial Credit Union. I would suggest to you vadude1, to give this a try. ", "Before, Iwas making money. Financial Services. Save my name, email, and website in this browser for the next time I comment. As long as you are willing to learn about it, I dont see any problem at all. 1st client get 30% commission. I joined Vasiliy as a writer for Best Lifetime Income blog. I know starting a business is all about taking a risk; however, being involved in a pyramid scheme is not one. 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. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? Haley Piper. PFAis leading the way in the cause to educate Americans about the Living Benefits story. Manages clients' investments, helps them buy and sell stocks and bonds, assists with tax planning, etc. C2820332, that currently does business at 8000 Marina Blvd., Ste. Welcome to Premier Financial Alliance. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. Company size Large enterprise (150 or more) Press J to jump to the feed. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! Because of the reputation it has. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. I think people who have shit to say about mlm don't know shit because they dont work in the company. Hard work will pay off and if you are closed and weak minded, it's not for you. 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. Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. Once they pay the $125 membership fee and buy the Living Life IUL policy, Premier Financial Alliance associates are pressured to recruit and sell the policy within their network of friends and family members, typically from the same immigrant group. The founders LinkedIn account is barely updated. Phone number *. "I love PFA because we create positive change in peoples lives. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events.2. Now I'm literally changing lives. 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. Need Assistance? The motion requests permission to seek reconsideration of the earlier arbitration denial decision, or in the alternative a transfer of the case to Georgia. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. 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. p.s. The decision to deny reconsideration was based on PFAs. Your submission has been received! 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. Premier Financial Alliance instructed Plaintiffs and continues to instruct other associates to peddle this policy to other people who, in turn, are instructed to sign up more associates, and so on and so on, ad infinitum. 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. 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. We know our agents put in the time and effort to help their clients and feel they should be compensated for it. 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. 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. The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. Lawsuit After Lawsuit Calling It A Pyramid Scheme. And obviously you won't get any results that way will you? The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. Premier Financial Alliance sells financial products, such as life and annuity insurance. Contact Information. Life insurance you don't have to die to use - it just makes sense. Under PFAs compensation plan, a victim only gains a rank by recruiting people into the business opportunity. 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 . PFA and WFG does not make money of recruiting people. The plaintiffs were given permission to file an amended complaint by August 2nd. 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. 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. Only difference? Once they pay the $125 membership fee and buy the . Our associates are supported by a first-class team that is as passionate as you are. Is Premier Financial Alliance legit or a scam to watch out for? 155 Kapalulu Place, Honolulu, HI 96819 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. A case management conference has been scheduled for January 13th, 2020. April 10, 2023 | 6:00 PM | Altona Supper Club. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". I noticed people sign up and don't do anything about it. At Premier Financial Credit Union you are more than a number, you own the place! Weve added the lawsuit to our list of cases were following, so stay tuned for further updates as the case progresses. Notify me of followup comments via e-mail. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. We have upgraded PTRAC with new features and technology to enhance your online experience. I'm no financial advisor or a professional in the insurance field, but I dont know if PFA is actually legit. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. 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. Need Assistance? 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. 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. Founded by David Carroll (who's also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. Valley Strong Credit Union operates as a financial cooperative. JW's Rise to Success. But in PFA, it's possible., PFA presented an opportunity to really build an incredible business., The extra money has helped me a lot with my charity and passion for helping other people., "PFA is a place where average and ordinary people can do extraordinary things. Many people are not comfortable with recruiting and being recruited and see the opportunity as an upfront scam. Are you making money by recruiting people to sell whatever it is they're selling? With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. 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? Founded in, 2021 headquarterlocation.com. 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. Ask about our exclusive product that offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity. My parents got insurance through PFA. http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. In this company we all help each other. Is Premier Financial Alliance A Scam? That was the first red flag but I was bored and curious. Career. At Premier Financial Credit Union you are more than a number, you own the place! Awesome. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. Beneficial Ways To Diversify Your Investment Portfolio, How To Increase Job Satisfaction in the Workplace, 5 Strategies for Creating a Memorable Business Card. Other drawbacks are more than enough to tell you to ditch this company and look for a better option instead. 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. 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. If you pay for them, you ruin your only profit line. Talk to the one who invited you. I've seen with my own eyes, this company change lives from consumers to their employees. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. 132 were here. Its total legal and make sense. Do you ever find yourself thinking about your financial future? ChromeFirefoxEdge. The culture, organization, and leadership are great. Will it really provide a good source of income? He began his career in the financial services at a time when he was . PFA agents or the PFA don't make money on $125 fee. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. Company Premier Financial Alliance Seal Team. Now, another insurance organization named Premier Financial Alliance is claiming to protect the dreams of Middle America while offering an opportunity to make money. PFA swag bag and shirt. 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. However, this doesnt cover the other expenses when you want to be a legit insurance agent. If thats not enough, even their LinkedIn profile talks solely about recruiting. 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 best business tools and support you need. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. All it says is that they are selling your dream but if I know, this is a way to attract people. For one, if its the sole source of income, it is unstable. in Life Insurance, Auto Insurance, Home & Rental . 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. It protects from death, accident, critical illness, or even theft. do the same thing. Read More. Applications must be postmarked by March 1, 2023. Learn More . This product represents the next generation of our shared success in this important product line. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Company size Large enterprise ( 150 or more ) press J to jump to the tools! While you 're alive during qualifying health events.2 sales occur through the Premier Financial Alliance sells products. Actualize their Financial goals motion was denied, PFA sought a venue transfer from to. Time trying to find the `` problem, '' but to have started earlier and leadership are great so. January 22nd, 2019, a victim only gains a rank by recruiting people to sell whatever it is.... 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