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. in Life Insurance, Auto Insurance, Home & Rental . It's actually great. Their . To the person who said they borrow against the insurance to pay for the cancer treatment. ", To be able to double my income in such a short period of time is something I never imagined I could do. 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. So I dont know if this is all just rival life insurance companies trying to tarnish the PFA name or whether the company itself is really just another MLM scam. At-a-glance. Just personal reference. If you have fallen for a scam, you can post your experience here to warn others. Get your ticket. For instance, the Defendants market and advertising in their materials, reports, scoreboards, and charts that a Career, Associate is urged to recruit at least three people and submit three sales of minimum 9,000 points in the first thirty days of joining PFA.. This naturally raised the question of what Premier Financial Alliances core priority was. Lawsuit After Lawsuit Calling It A Pyramid Scheme. The decision to deny reconsideration was based on PFAs. If you think someone is trying to scam you, this is the place to ask about it. Some are legit with good opportunity while some are a downright scam. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Haley Piper. Premier Financial Alliance Insurance Pyramid Scheme Complaint. When a company earns most or all of its revenue from recruitment, by definition, it is a pyramid scheme. PFA themselves dont sell the insurance policies, hence the lawsuit claim that Premier Financial Alliance has never marketed or sold insurance policies to any retail customers. this Insurance MLM they are stealing ppl money. 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. do the same thing. In case youre not familiar with insurance, Ill do my best to explain it in the simplest way possible. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Lost Card. 5.2 miles away from Premier Financial Alliance. Lan Zhang appears to be a top Premier Financial Alliance affiliate. Career. If you think about MLM, isn't Facebook and LinkedIn a few companies that are? Business Profile for Premier Financial Alliance. "The financial benefit let me focus on the healing and recovery and not having to worry about losing my home. Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. In response to the2018 lawsuit, Premier Financial Alliance filed a motion to dismiss the lawsuit and compel arbitration in October 2018. A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. 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 light of the order, Plaintiffs have been directed to file a Second Amended Complaint by January 10th, 2020. Product Type: Multi-Level Marketing Company, Price: $125 For The Membership Fee And Tools. With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. 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. In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. 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. That could be problematic because more or less, they will do their best to persuade you in joining the program. What is described in the lawsuit of PFA business model is that of your typical autoship recruitment scheme. That deterred me from committing. theYear = now.getYear(); I know most people are confused about how it really works and thats okay. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events. Learn More . All it says is that they are selling your dream but if I know, this is a way to attract people. Premier Financial Credit Union. We know our agents put in the time and effort to help their clients and feel they should be compensated for it. From our products and services to all the good we do in our communities. Products sold are not displayed on the website and the opportunity offered is vague. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. 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. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? Beneficial Ways To Diversify Your Investment Portfolio, How To Increase Job Satisfaction in the Workplace, 5 Strategies for Creating a Memorable Business Card. PFA agents or the PFA don't make money on $125 fee. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. Quick Summary: Premier Financial Alliance offers financial products, such as life insurance however, it barely talks about it on their website. I.e. As per a July 1st order however, the hearing was continued till August 20th. 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. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. 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. 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. If thats not enough, even their LinkedIn profile talks solely about recruiting. 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. 112 were here. 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. Online, offline, email, or postal. He began his career in the financial services at a time when he was . At Premier Financial Credit Union you are more than a number, you own the place! Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. Recruitment is wrong for many reasons. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a particularly egregious classic pyramid scheme. Affiliate membership requires payment of a $125 fee. You get set up with a trainer, get a product and compliance education, and learning the turn key system. 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. Headquarters Regions Greater Atlanta Area, East Coast, Southern US. Notify me of followup comments via e-mail. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. On December 19th, PFAs Motion for Reconsideration was also denied. ATM Finder. 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. I hope you enjoyed my Premier Financial Alliance review. Serve your client, Serve your team, and required always put other people first before. whether Defendants are operating an endless chain; whether Defendants omitted to inform the Plaintiff and the plaintiff class that they were entering into an illegal scheme where an overwhelming number of participants lose money; whether PFAs statements of income during the Class Period were deceptive and misleading; whether PFAs conduct constitutes an unlawful, unfair and/or deceptive trade practice under California state law; whether PFAs conduct constitutes unfair competition under California state law; whether PFAs conduct constitutes false advertising under California state law and; whether the Defendants violated the Department of Insurance Guidelines in representing the benefits under a policy and/or underwriting. For improved security and optimized performance we highly recommend upgrading your browser. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. Now I'm literally changing lives. 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. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. Call us at (920) 898-4232. We protect the dreams of Middle America through a proprietary financial product that is disrupting the life insurance industry. 100, Brisbane, CA 94005. I dont like MLM. Unfortunately, PFA failed to mention their compensation plan on their website. 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. Legal Last Name * According to government-issued identification documentation. 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. 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. She used that money to pay for her treatments. However, the presentation did bring up a couple of interesting points in terms of life insurance and a retirement plan. tak(ing) money in return for the right to sell insurance policies, which are readily available on the market at a lesser price. But hey, everyone has to start sometime right? PFA agents or the PFA don't make money on $125 fee. Confirm Email *. Chen and Gonzales lawsuit attributes the lack of retail disclosure to PFA. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. Anyway, insurance, from the word itself, means guaranteed or assurance. They messaged me a handful of times after but I've just been ignoring them. In addition, the PFA agents receive a commission when they recruit a new affiliate. Personal Information. Premier Financial Alliance cap payable unilevel commissions at six, with commissions paid out as a percentage of sales volume generated by affiliates in the unilevel team. 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. Legal First Name * According to government-issued identification documentation. 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). Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. You get set up with a trainer, get a product and compliance education, and learning the turn key system. Read More. document.write(theYear); I wont sell this Insurance to any my friend or family. Premier Financial Alliance believes in empowering people with the knowledge and confidence needed to build their own business without the fear of failure that prevents you from achieving financial success.. Premier Financial Alliance may be a pyramid scheme. Applications must be postmarked by March 1, 2023. }; Mmmm yeah that is not for me. However, this is not the case with Premier Financial Alliance. This is my experience and I hope you got some thing out of it! I would suggest to you vadude1, to give this a try. A hearing to decide the arbitration matter was scheduled for July 19th. With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. If it's through recruiting, it's a pyramid scheme. So I have to give you personal contacts and persuade them to join the team or to buy life insurance but I wouldn't be making any commission off MY contacts because I'm still "in training" and not a certified life insurance agent yet? Apple, Google, Tesla get lawsuit everyday as the company get bigger. Founded in, 2021 headquarterlocation.com. The lack of retail sales clearly suggests that its a pyramid scheme. 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. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. they will earn vast wealth, luxury vehicles, and lavish trips when in reality more than 95% of PFA Associates average net losses. 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 . This tax season with discounts on tax solutions that save you money, time and stress. Weve added the lawsuit to our list of cases were following, so stay tuned for further updates as the case progresses. It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. PFAs argument that the company and its employees are based out of Georgia was also rejected. Did you borrow what you put in? you can see add online where a guy boasts he can help you make $28000 dollars per week. No one makes money until a sell is make. 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. 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. While its typical for insurance companies to expand their team, it becomes a red flag if you put too much attention to it. Phone Number 888.867.6533. Defendant Premier Financial Alliance, Inc. ("PFA") is a suspended California Corporation, Entity No. Welcome to Premier Financial Alliance. I didn't like that I had to give them 50 of my personal contacts. The, Maine Savings is among Maines largest credit unions. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. If you think someone is trying to scam you, this is the place to ask about it. January 12, 2022. Only difference? Recruitment is a part of their system; however, if the attention is put heavily on this, it becomes a red flag. Connect with others to build business relationships in the largest marketplace in the world. Worse, if its proven to be a fraud, your name might be dragged in it, too. Once you are license and trained, you make a sell to a client, thats when you and the company make money. if (theYear < 1900) { The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. BehindMLMreviewed Premier Financial Alliancein 2016. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. If recruitment stops, so does your profit. Is Premier Financial Alliance a Pyramid Scheme? According to Chen and Gonzales, 100% of (Premier Financial Alliances) revenues (comes) from chain recruitment. Dedicated Agent Support. 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. Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. Need Assistance? There are many types of insurance though so be sure to understand what you are getting first and its entire coverage to avoid confusion. PFA has collaborated with the nations largest insurance companies to sell life and annuity products to the general population. 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. Call us at (920) 898-4232. Many people are not comfortable with recruiting and being recruited and see the opportunity as an upfront scam. I think people who have shit to say about mlm don't know shit because they dont work in the company. Save my name, email, and website in this browser for the next time I comment. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. 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. ", "You're never too young for life insurance. This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. Premier Financial Alliance sells financial products, such as life and annuity insurance. Do you ever find yourself thinking about your financial future? 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. 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. J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). 155 Kapalulu Pl Ste 289. Community. Here are the top work-from-home tips from our staff. According to the FTC, if the source of your income heavily relies on the number of your recruits and not on the sales you get for selling their products, its a telltale of a pyramid scheme. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. As an innovative leader in the financial industry, PFA has continuously transformed people's. What Is Premier Financial Alliance About? The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gonzales in California. A time when he was about recruiting profile talks solely about recruiting when... As an upfront scam Union you are more than a number, you can begin to receive the necessary needed., this is not the case with Premier Financial Alliance, you can post your experience here to warn.! Ignoring them problematic because more or less, they will do their to... Question of what Premier Financial Credit Union you are ready of Middle America through a proprietary Financial that. 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