Jul 202011

The year was 2006. At least I think it was. Do you expect me to remember that far back?

First, a little background about the company in question, World Financial Group. I’m going to abbreviate the name of this company to WFG, since there’s no way I’m typing that out 52 more times for this post. Anyhoo, the company is basically a pyramid scheme masquerading as a financial services company. That blanket statement is a little unfair, but is basically true.

WFG is wholly owned by Aegon, a large Dutch insurance/investment company. The company employs a bunch of independent sales reps, who each operate their own office, if their basement counts as an office. The sales reps are able to sell a bunch of different mutual funds and life insurance products from Aegon. Much like regular mutual fund salespeople, they’re paid one of two ways- either from sales charges (front end loads on mutual funds for new customers) and trailer fees (part of the management fees paid by current customers).

The company’s big push though, is in recruiting new reps, where the pyramid part of the scheme shows up. If an existing rep recruits a new rep, that rep gets a percentage of the new person’s income. If that new person recruits someone underneath them, the pyramid becomes two levels deep, and the original person at the top gets a smaller residual from the newest rep. Obviously, you want as many people underneath you as possible. I’m going to refrain from making a “that’s what she said” joke. Except I didn’t.

Back to my story. I worked with a guy who was quite interested in investments. We would spend break time together discussing various financial topics. It was nice to spend time talking to someone who wasn’t a financial moron. After a while, he quit the grocery store we both worked at, determined to find his future in financial services.

A few months later, he contacted me. He knew I had a couple of bucks to invest, and he had some great stuff that his company offered. I wasn’t really interested, since I have a pretty big hate on for mutual funds. He offered to buy lunch though, knowing my weakness for free food. Combine that with my friendship with the guy, and I was willing to give this a shot.

More Uproar for your eyeballs: That time I almost went to work for Investor’s Group

I show up for lunch, and quickly the meeting turns away from my investments and towards my future plans. He laid on the compliments pretty heavily, even saying I had the greatest financial mind he’d ever met. I responded, telling him he clearly needed to meet more people. I was confused, why was he kissing my ass so aggressively?

Quickly, he dropped the bombshell. He wanted me to come work for WFG. He was making all sorts of money, the job was awesome, blah, blah, blah. He mentioned how I could do it part-time, while keeping my job at the grocery store. At that point, it hit me. WFG was Primerica junior. Besides, who’s gonna trust their investments to some guy still working at a grocery store?

Flashback inside the flashback time: When I was 18, I thought I wanted to become a stockbroker. Somehow, I found out about a Primerica meeting in my area. I went, got excited about the whole concept for about 20 minutes, then quickly saw through it. All Primerica cared about was getting more people in the pyramid. Apparently you were basically fired if you didn’t recruit aggressively. It was obvious, even to 18 year old me, that the reps that worked for Primerica were the bottom of the ladder of the financial services industry.

Back to the lunch meeting. I was intrigued, so I let him finish his spiel. This is where it kind of got weird.

He outlined WFG’s big bold plan for their clients. If you bought into the plan, you’d never pay off your mortgage. You’d get a giant line of credit for a mortgage, just paying the interest on it every month. You’d then take the money that would be going to principle and investing it. Since the stock market traditionally does better than the real estate market, the argument was that you’d be better off, long term, if you funneled all your excess capital into the market.

There’s just a couple of flaws with the plan though. The stock market is prone to the occasional 30% drop. We’ve seen a couple of them over the past decade alone. This would be especially painful for someone who held close to all of their portfolio as stocks. And the other flaw is, how does the mortgage get paid if you’re only paying interest? Most people look forward to paying off their mortgage. They value the freedom that brings.

WFG agents love this plan, and I’m sure the one that came up with it got an extra hearty slap on the back. The more money the client invests in their funds, the more that rep will make in fees. The plan has just enough plausibility to make it believable. The numbers might even make sense. Most people though, will choose to pay down their mortgage, and rightfully so. Besides, most people don’t have the discipline to stick to the plan past the first major stock market correction.

After that, the lunch meeting turned into a pretty hard sell job. He was all about telling me how successful I’d be. I’d be making tons of money in no time. Never was there any mention of the pyramid scheme. Gee, I wonder why that was? I fairly quickly (and politely, cause at least I pretend to be a nice guy) told him that I wasn’t interested. It seemed like a pretty poor way to sell mutual funds, a product that I wouldn’t want to sell in the first place. So saying no was a pretty easy choice.

Yeah, that was kind of an anticlimactic end to that story. Does anyone have an experience with WFG that was a little more exciting?

Tell everyone, yo!

  284 Responses to “My Experience With World Financial Group”

  1. I remember WFG and I think my wife’s uncle was involved (and tried to pitch it to my father in-law).  Of course, this guy is involved in every pyramid scam out there…he tried to get me to invest in ATM machines in Spain of all places, saying they don’t have ATM’s in Europe like we do here.  Umm, I’ll give that a pass.

    Anyway, you’ve got me curious about what ever happened to his WFG exploits.  I’ll find out and report back, hopefully with an exciting tale.

    • Did you ever find out what happened? I’m literally waiting on pins and needles over here.

        • World Financial Group aka WFG

          is a multilevel marketing pyramid scheme/scam like so many others

          Amway, Herbalife, Nu Skin etc…

          If you make most of your money recruiting new recruits
          then according to the FBI website then you are probably involved in
          an illegal pyramid scam….

          • My cousin just got sucked into this recently, which is why I started looking it up. He was here just last night giving us all a big sales pitch and gushing about this new, great opportunity he’d found. My concern is that my mom has always had a soft spot for him, and I don’t want her risking her retirement accounts or her home to ‘help him out’ in his new venture.

            Ironically enough, Mom is a commercial insurance broker and has been for the last thirty+ years, so you’d think she’d be savvy and wise to this. I guess not though, because when I showed her some of the complaints about this company and people saying it’s a scam and that they sell the insurance and whatever at highly inflated rates and all that, she shrugged and said she really isn’t overly familiar with personal lines. she kept saying well..they’re regulated by the insurance authorities, so they haaaave to be legitimate.

            I explained that while they may not be doing anything illegal, it’s not exactly honest the way they recruit these people. Cousin had a 25 year career delivering pizza, and lives at home with his parents. He barely passed high school, and obviously has no formal education to speak of. Naturally, he’s got pie in the sky ideas since he’s been attending these functions and they’ve hooked him up with ‘mentors’ and all that.

            He’s easy prey, but I’ll make sure my Mom doesn’t give him a dime!

            It’s so sad that these kinds of companies are allowed to operate the way they do.

          • WFG and its Reps get sued successfully on a regular basis.

            There is a law firm in NY that specializes in suing WFG for its scamming of people.

            Some agents from WFG have been successfully sued for selling annuity products
            (that are high load fees and high commissions) to seniors and baby boomers
            nearing retirement.

            WFG uses vendor companies and sells defective products that pay the highest load fees and commissions to the Brokers and Sales people.
            They do not give a damn about their customers and clients.

            They do not tell you that a baby boomer or senior that buys one of their annuitiy products
            is barred from access to their money for 20-30 years?!
            That my friends is a big scam for people nearing retirement or in retirement
            because they sign contracts, unknowingly, that bars them access to their retirement funds.

            Prosecutors in California have filed criminal chargers and convicted some Brokers and Insurance agents for selling unsuitable insurance products to seniors and scamming them out of their needed retirement income…

          • First, I am greatly sorry that you are misinformed on WFG. Normally I don’t respond to false allegation usually you let its track record speak for itself. If you think about it and I mean really think about it you have a state regulated License, second WFG is is affilitated with top brand name financial companies, if WFG was a sscam wold those companies want to be affiliated with a scam company risking discrediting themselves? No, I wouldn’t think so especially after all these years WFG has been in existance. The true problem is individuals who refuse to follow a system that has been laid out for them but choose to reinvent the wheel that see fit and if it doesn’t work wants to blame WFG. It’s not the company the comany delivers exactly what it says it will deliver if you are coachable and trainable it does work a pay very handsomely.

        • I just love when you guys all respond to a 3 year old post. Shows how much you pay attention to actually reading the message you are responding to, before you post your standard pre packaged nonsense about your useless/overpriced products.

    • WFG is copartners with transamerica and Aegon is their owner. becuz the company doesnt pay for marketing like other large companies they pay an average merketing amount to the company for helping a family or person and an associate of theirs gets paid a percentage based off of their position in the company, becuase you have the option of starting people with the company you just et paid a higher percentage it has nothing to do with a percetage of your associates paycheck. their is about 17 ways of getting paid wtih the company and we get paid 8 times a month. so before you guys start assuming you know about company research it with an open mind, not thinking you already know what it’s about cuz obviously you dont. your grocery store job is more of a pyriumid then world financial group. it’s a lot easier for me to get to my bosses positition the you get to yours. they deal with a lot more then just mutial funds and annuities, even more then life insurance.

      • they truely help middle class families figure out how the rich stay rich and how they manage their money. on top of that they provide a great career plan for associates, they are helping the ecomony in so many ways and i’m blessed to say im apart of the company!

        • It would be easier to take you seriously without all the obvious typos.

          • Bwahahahahahahaha!!!!

          • MFG is legit.
            I have been with the company a month now and already the decision to work as an associate part time have benefit me and my family financially. Unless you investigate for yourself, it will be impossible to think outside of the box when you trust on another mans opinion.

          • Will you’re an idiot. *Wfg (not MFG) is not legit. And I’m so sure you have prepared a strong rebuttal from the MONTH that you have been working there.

          • @ “Will you’re an idiot”

            Do you realize you just responded to words written in 2012? (roughly 13 or 14 months ago). I doubt “Will” will return to give us an update.

        • WFG only helps the people at the top of the pyramid\

          and the Wall St sharks who are getting the money from these contracts to Day Trade on Wall St.

          I have seen the crappy VAR products WFG sells,\

          Forbes magazine experts call VARs toxic products that should not be in any person’s financial portfolio

      • You are right my friend first of all this guys don’t even know what they are talking about, not knowing a life opportunity when it comes in front of them WFG of Transamerica is my future.

    • I read pyramid scheme as a big misunderstanding as there are many people worldwide who make a good dollar by helping others do the same through the MLM scheme. The groups in North America are small compared to many other countries. We in North America are pretty closed minded about ways of earning an income. People in other lands are far more open to options other than job (HEHE Just Over Broke in many cases HEHE) If they have a legitimate product that is used and/or sold there is nothing illegal about the business.
      I you think it is a scheme then possibly some learning about the business idea is in order. Take a look at ACN, Shaklee, Amway, Melaleuca. Even huge corporate organizations like IBM use networking to move their product. AH!!! maybe there is something legitimate to learn about in MLM stuff

    • I believe it was Anthony Robbins who understands business a bit better than most people who studied the MLM system and called it Franchising Squared A pretty good comment from a pretty smart open minded guy

      Wikipedia says:
      World Financial Group (WFG) is a financial services marketing organization based in Johns Creek, Georgia that markets investment, insurance, and various other financial products through a network of associates in the United States and Canada. It is a wholly owned subsidiary of AEGON.[1] Although WFG is publicly referred to as a Network Marketing company, the company has released several illustrations describing it as a unique hybrid business model utilizing aspects of network or “referral marketing,” franchising, and corporate business models.

    • Big time red flags! I work in the insurance/investment industry. Beware! MLM’s are often illegal and people are constantly misguided.

  2. No experience with this.  Though, I thwarted a really annoying HR person for a so-so firm.  Still a joke of a firm, so whatever.

    I find this kind of system interesting though. First, because I’ve heard jokes about Primerica but didn’t realize it was a MLM.  Second, because it would seem to me that having reps chase other reps would be pretty counterproductive.  I mean, at the end of the day they make money by selling investments to investors, why make people spend so much time recruiting for more salespeople?

    • I think the reason is because they know that their model is pretty bad at selling investments, so they try to recruit people in the hopes that the can find someone good. Also, I’m sure the company wants to expand too.

  3. You’re all a bunch of clueless folks full of opinions and hear-say. As soon as you’ve found out that these schemes go contrary to JOB mentality, you label them as scams. You would rather kiss ass 8 hours a day on someone else’s terms rather than polish your own asses and be rather proud of it.

    • Uhh… Have you read the rest of my blog? Obviously not.

    • Employees will always be employees, wondering if they’re gonna have a paycheck tomorrow. If one doesn’t understand WFG, then he or she must be the one who is always be crying about the economy and depending on the government. Hahaha!

    • Licompratix, why are you getting so upset and defensive? Chill out. Is it because you work for WFG?

      By the way, there are plenty of people who know how to run their own business, be their own boss, but have integrity in what they do and hold a high standard of expertise and excellency in what they do. And some of those very people look at WFG and disapprove.  So don’t say it’s “clueless folks full of opinions and hear-say”.  Some of these people have more letters behind their name, own more property, have run more businesses, and have bigger bank accounts than the person that you report to.  They certainly aren’t clueless dumb folk.  When those kinds of people talk, I would listen.

    • Where does ethics and substance come into WFG’s business model.  No one is labeling WFG as a scam, just a flawed business model which provides no goods or services to society.  The end game doesn’t look too good for WFG if they can’t recruit young and gullible folk.  Without the added theatrics of minor investment products, you are left with a pyramid scheme.  All you have to be proud of is your title as an “opportunity salesman” which is just as comparable to a telemarketer, because in essence, thats all WFG agents are.

      • First of all, people are labeling it a scam because either they were exposed by the wrong agent or the people are closed minded to a great opportunity. Second, it provides no goods or services to society? Since when does extra income, financial security and stability, safe tax-free retirement, and tax-free life insurance not beneficial to anybody??? There are no added theatrics nor is it a SCHEME because pyramid schemes are ILLEGAL. Yep, WFG is still up and running and stronger than ever and helping people and families change lives. Im sorry for your closed mind and not getting all the FACTS and just assuming, like my girlfriend does all the time, but you are wrong in every way about this business. Have a great day! Good luck in your future endeavors

    • Thank you.. We still need people to bag our groceries man so let them think this way lol

      • Yep, that is why they will still be grocery boys, some people will never change and are to blind to see a great opportunity and won’t drink of the water even when you put it in front of their own faces.

        • Hi Alex

          Who exactly is the blind one. You just commented on a post from 2012.

          The grocery boys as you call them will be your recruits that don’t make it or the clients you sign up. Always a lot of fluff with no substance from you people.

          • Paul you really seem concerned with years of the posts. Just browsing the comments I have seen you say the same thing on many posts about the year it was posted, could that because you have been wasting years with your closed mind and blaming the other guy mentality that now your big thrill is pointing out the obvious. Who cares when it was posted, change your record your skipping. If you don’t have anything constructive to say and this is the best you can do then think you are the one with the fluff and no substance.

          • I think you should be more concerned with your struggles against reality.

          • Yeah, I don’t know about you but I don’t have any struggles with reality, if you choose to see struggles or see opportunity and challenge then either way you are right. I guess that is a difference between us.

          • Yes big differences. You win. I hope that makes you happy.? I actually use my real name here. I doubt you are, and from your writing style that you are even female. So lets verify what is reality. Just another BS comment from the WFG “PR” team attempting to clean up after themselves.

          • Oh Paul, I am sorry to disappoint you, but I am female, Mary is my real name, no I am not part of WFG’s PR team and I choose to be happy win or not cause it isn’t reliant on winning. Again your belief that everyone is a liar and cheat is what has made you so judgemental and angry. Does bad thing happen? do people lie and cheat others. Yes, of course it happens believe me when I tell you I don’t wear rose coloured glasses, but to harbour a bad experience rather then learn and grow from it will just make you bitter and angry, no way to live in my books anyway. I don’t know what happened in WFG for you or even if you were part of the Company, but let it go otherwise you will never see the right opportunity when it does present itself. You don’t have to believe me and probably won’t but that is ok maybe in time.

        • Yea, that must be it.

          It couldn’t be that many of the “pro wfg” posters making up 3 or 4 user names and posting reply’s here as if they were different people, but the posts all come from the same IP address. That is not disingenuous at all. Don’t see you making any commentary about that… I guess that type of deceit is OK in your book.

          • I won’t know if what you say it true or not the fact that you know that or have spend the time comparing IP’s is a little scary to me. There is good and bad in everything. No I don’t condone deceit of any kind in or out of WFG. Bad apples spoil the pot for the rest and if you have evidence of a WFG agent doing something dishonest/illegal then I encourage you to report them to the province/state so the can get their license taken away. In order to sell products or give financial advise you must be licensed and WFG is no different. I can not control what other people do or say I can only control myself and all I can say is I am a good apple. :)

          • There are 268 replies in this, why don’t you read them all and report the bad apples yourself. I encourage you or anyone to write real facts about your products in many of my posts here. No one has. They attack, or insult, or post up some links to absolutely ridiculous videos or post some other deliberately distracting message that is not helpful to anyone. That truly says it all.

          • Yeah sorry I have real work to do. You mean posts like yours, insulting, attacking and ridiculous unhelpful. I agree a real waste of time. Enjoy your vendetta or what ever you are trying to prove. Have a nice life.

          • Really? I’ll have to look at those, and thanks for proving me right yet again. My life is great thanks.

          • Paul, I work for Edward Jones…..If I did not
            I would put my money with my friends at Priamerica or one at Transamerica
            I am around other FA’s…I would never give them money…money hungry pretending to care
            but all about commissions

            I know friends at all big firms. no way I would give them money

            I guess bad Fa’s all over.Say what you want about priamerica and Transamerica… I would put all my money with either of my friends there…great and caring

          • @Lane ?

            Really… are we going to go there now too. So out of the blue… you came across this post buried deep within all these comments that even I have trouble finding to reply too and you write that. That comment doesn’t even make any sense.You claim to work for EJ? Wow – Is that supposed to impress somehow? Pretty well anyone can work for them like at the others. Everyone you have mentioned is really indistinguishable from the other. Does not make this right by any means…

    • The difference is your job pay a steady bi-weekly amount, as WFG does NOT!

  4. If you dont have big goals and dreams ? you will work for someone that dose lol have fun.

  5. If you work for WFG, you make money by selling financial products and by recruiting people because the more people you get underneath you, when they make money off what they sell, you get commission on that.
    It’s not even the whole “pyramid” business model they have that bothers me.  It’s that they have no consistency with the “expertise” that they’re SUPPOSED to have as “financial advisors”.  WFG hires anybody who can walk and blow bubble gum at the same time (because the more recruits you get under you, the more money you can make). Their “financial advisors” are not required to all achieve a certain level of education or or to maintain it. There’s no standard set that’s consistent through out the whole organization. A lot of their advisors don’t even know what schooling they should have under their belt to advise people on their finances and financial planning.
    I went to school in finance and I’m halfway through my education and certification.  I had a financial planning presentation in school where my instructor invited financial planners and advisors and managers from all the big financial firms and banks to be our live audience, to question us, to critique us, and grade us. My instructor wasn’t familiar with WFG but someone he knew introduced a guy from WFG to my instructor.  So my instructor had WFG come to our class presentations. There was one moment where, as the current group up at the front presenting was answering questions they were grilled with by advisors from Investors Group, from Freedom 55, from RBC, and others, one of the girls from WFG decided to throw in a question.  I’ll never forget how the room was stunned.  I don’t remember the question anymore as it was two years ago but the WFG girl asks her question, I think it was something about “why did you decide to recommend Critical Illness when Life Insurance….” something or other.  And the group up there gave her an answer that was correct, and shamed her for asking the question. All the others in the room looked at her in silent chuckle I could tell.  She should have kept her mouth closed but she decided to open it and ask a question that she clearly thought was a good question to grill the group up at the front.

    In short, WFG reps come in all shades as ANYONE can get hired. And within their company, no required level of education or knowledge about the products they’re selling exists. None of them understand financial planning in its entirety and they’re mostly driven and pushed to bring in new recruits rather than KNOW what the heck they’re doing when it comes to doing your financial planning.

    • No required level of education or knowledge about the products they’re selling exist? This is not True!!
      An associate of MFG must attend financial classes and take an exam to become license.
      Without being license an Associate will make NO MONEY…
      learn before you speak..

      • The point of that was to say you don’t need any PROPER education to make money.
        The money you earn is not hard-earned money but rather money you have taken from friends/families who you have recruited. This does not take any academic knowledge nor does it do any good to the society.
        Sure, you may earn money but that’s the end of it. You did not discover anything that may change the face of the earth or help another human being through your work. Now that is some unethical earnings. This is why we call WFG a pyramid “company.”
        If you want money, go ahead but you’ll soon find yourself to be disrespected in the society.

        • WFG associates sell mostly insurance and retirement plans. Without making sales there will be no revenue, as there is no commission for getting new recruits unless the recruits make sales.

          Insurance and retirement plans are a service to society – as such I see no reason to disrespect WFG associates.

          WFG is kind of like any other business in the sense that the larger and stronger your team, the more everyone benefits.

          • Isn’t that for all type of business out there? Make more sales to make more revenue? No sales no revenue?

    • FIrst being the question wasn’t totally remembered its hard to make any comment. Secondly, licensed and accredited financial advisors had adivsed people to invest in areas which also people lost money on back in 2008, chuckle chuckle, however had they known financial product that offer no loss of earnings as a WFG person does then perphaps maybe 2008 may not have happened as bad. Chuckle Chuckle. I just know some of the people that WFG agents served are happy today.

  6. This guy sounds like he broke some kind of WFG secret code!  Funny when people talk about what they don’t understand.

  7. [...] Ever had an experience with Primerica or World Financial Group? Many people think  both companies are nothing but a scam, while others have had great success. Go check out my story about my experience with WFG. [...]

  8. I was into WFG for about 1 month. Even went to the convention in Vegas.  The Comvemtion of Champions as it was called is nothing more than a rah ah for the big shots. Than there is a day of how WFG made me a millionaire. All stories sound the same. Working in so bad job and recruited be WFG for ther own besiness.  2012 the mission is to “help” 100000 families in 100 days. Forbes Mag. had as ad in the July issue. What isn’t told is to help one familiy you might have to bother 80 people to get one in. To get you name in the Oct issue you have to get 30 families to join or Hlp. Think about it that is 2400 people to get the 30. Yes I had dreams of my own business when I joined.   Why do you think the CEOs and VPs want you  to do this? Because THEY want more money. Every year 60% drop out.  You might think but 40%stay. WFG wants you to stay for 5 years. How many make the money they say you could after 5 years. not many. If you can stand being rejected be you family and friends go ahead and join.  When I was in Vegas Nobady talked about anything else. Just WFG. It could be a cultish kind of way to live. But it is not for me.

    • I was invited to the WFG seminar one day by a friend of mine . I was a little bit skeptical when i met my friend’s friend ; when they explained to me about the whole process of what they are doing . I went there and attended the meeting . One award thing i found out is , before they initiate their ceremony , they greeted all the new comers in ” GOOD MORNING ” , i have no idea why they say ” Good Morning ” but instead they should have greeted Good Evening since it was 8 PM . I am so positive that i was a pretty Good observer . Fist , i thought it was a mistake . I also found out the Pyramid symbol which is weird . So i was more intrigue to find out their back ground and their intention for this recruiting people so aggressively and more like they are trying to brain wash and convince you as soon as you are in their seminar . The woman who gave us a presentation was basically a house made . She is from Philippine . I like the fact that she is being honest about her life and career . But when i asked her Business card , she inclined me that she don’t have one but then later the gentle man next to her seemed to be approved by his eyes contact . Then she came up to me and handed me her business card with a smile . I looked at her business Card and it said – marketing director . I was pretty much impressed but i wonder why this is obviously inconsistent in a way she claimed and presented as how her previous job unable her to make money but unlike the privileges she gained when she join WFG . I Just wanted to give you a glimpse , it just don’t really make sense . Be careful guys !! I know that we all are trying to find ways for our better future with the same concept of making money behind that and apply to make it reality but instead you will end up quitting your career and finally stuck in the pyramid cycle . Go there for yourself , and you will find out what it is .

  9. Lol… MassMutual tried to recruit me, who is WFG…. how about that huh?

  10. [...] Aside: Go check out that time I was “recruited” by World Financial Group. [...]

  11. Here’s my story….Got invited to the WFG Convention in Vegas!!!! Though I was told it was going to be a life-changing event, my suspicions lingered. Just like many companies they have testimonials…these people seemed to have been in REALLY bad places before coming to WFG. But if we all think about it..most AMERICANS ARE, they’re just in DENIAL!!!We witness it on TV all the time!!!!

    -Spending down on a 401K to maintain expenses! – Suze Orman Show
    -Mortgaging a home that worth less than what your paying! – HGTV Real Estate Intervention
    -Holding onto a small-business that’s Tanking! – Restaurant Imposssible/ Hotel Impossible
    -Crappy Job/ No $$$ to send your kids to College! – Dirty Jobs

    The guy who started this Blog is working at a GROCERY STORE for goodness sake??? Are we for real! We’re judging a company who’s purpose is to HELP ALL AGES SAVE FOR RETIREMENT? Grocery stores don’t offer you a 401K…if you ask me you should have opened up a policy and INVESTED in YOUR FUTURE vs. WAITING for SOCIAL SECURITY to send you a check, Moron!!!

    {Our issue in America is complaining and judging those that want to do something about their financial troubles and thinking it’s okay just to have intellectual conversations about stocks & finance while we force ourselves that we love our MISERABLE JOBS. We aspire so bad to reach that level of success and professionalism, that we’re willing to judge those on their way to the top (who merely CHANGED the way they think). While we take our lunch break at the Grocery Store to blog about our opinions via cell, then clock back into work and ask PAPER or PLASTIC!!!!}

    • Thanks for the crazy Joanne.

    • To Joanne T.
      Many on this blog who have supported WFG have made the statement “get the facts before you talk” and I think that standard applies to all of us.
      Shaw’s Supermarkets started its 401 (k) in 1975
      Market Basket has a plan originated in 1990
      If you are in the financial services industry you know how to research Form 5500 filings and you will find many grocery store/supermarkets that offer 401(k)s.
      I do not support ANYONE disparaging an individual or firm that is earning an honest living.
      And no, I do not work for a supermarket or any other retail company, but I am glad that many people do, or shopping would be impossible for me.
      I could not be happy working the hours or handling the demands of being a surgeon. And many have “God complexes” about their work. But that does not mean that what they do is less important or not as good as what I do.
      We should ALL have a little more respect for our working neighbors.

    • Of course, you know (or should know) that no one can sell any financial product in this country without being licensed/approved by the Department of Insurance, SEC, NASD and/or the FTC. Therefore, if WFG is a pyramid, then where does the pyramid scheme really lie? McDonalds, Jack-in-the-Box, grocery stores, etc. — all have to have some sort of approval/licenses to do business in this country and those countries abroad. Agents (all alike) are paid as 1099 (with privileges afforded to business owners), rather than W-2 (without). WFG only sale to people who want to buy, and recruit the ones who want to take charge of their own destinies. Who has mastered and/or shares the wealth building concepts to middle-class america (how money really works)? It is not taught in any educational institution (public or private) in this country. The last I saw “too big to fail” companies took our monies without a vote from any one of us, and then taxed us on top of that. Please comment (if you can) on from where did Warren Buffet learn the concept of wealth building while you continue to research/criticize WFG. Bottom-line, after the smoke clears, “how much of your hard earned money (either by 1099 or W2)) can you really keep?” By-the-way, in what position are you (grocer) skeptics on the food chain?

    • Damn right,, good things come to those who wait, but only the things left by the one who hustle.

  12. I’m trying to find the company that produces the most million dollar earners.
    So far from what I’ve found.
    Primerica is in the lead!
    The most seven figure incomes earners and six figure as well.

    Has anyone else done any research?

    Please let me know and share…………

  13. I confused. I want to know the true. What is going in this world.

  14. This is wrong and this person doesnt unstand wfg.you dont have to recruit it is up to you and you dont invest to money you turn it over money mannager and name brand companies and they started wfg because of the promblems with primeamerica.why is transamerica merged with them this year if they are so bad.only a looser would write this garbage.

  15. Here will be my experience at WFG. Sorry if this is too long. I have currently been applied as a business partner in the WFG program through an introduction from a long time used to be friend of mine. After a few messages he has sent me this information and these are the exact words used. “Mm well its not only geared toward finance majors. Ur gonna hear the corporate overview of the company. Meeting the ceo and many branch managers. I cant give specifics via phone talk or text. Its best if u come for yourself. If u dont like this job. I can recommend u to my temp agency to get u a nice paying job.” These words came out after saying he has a job lead but there is no job that I am applying for. This conversation started in December 16th and he finally gave the company name on December 20th. When I asked him is this a career event? he did not answer. I looked up WFG and all the reviews written but decided to trust my long-term friendship. After the first meeting in December 22, and after watching the corporate overview, they wanted me to set up an interview within 48 hours. Me and one other person I brought made the interview to be December 23 at 10:00 am. We were there 15 minutes early but the main person who was interviewing us came 10 minutes late and the friend that invited me came 40 minutes late. He was either acting or was really mad at the friend that invited me for being late. At the end of the interview, we were told we needed to sign up and no questions were asked if we really wanted to join. Now in this signing up process, he asked for my social security number. Yes it was an information needed to sign up but this is private information. I was not smart enough at the time to confine that information and I am regretting this right now. Paying a $100 fee for first becoming a business partner was required and this was not such a problem because yes there are companies that do this without doing a fraud to the individual. And at the end of the interview I asked “How will we find clients?”. He said “We’ll help you through that”. I told the friend that invited me after the sign up that I will not recruit any of my friends. He said that “that is not the point”. After the sign up, I attended another meeting and I was shocked to understand the end of my friendship with the person that invited me. I will not reveal what I have learned there because I am trying to sound as neutral as I can about this event and I am afraid on how current WFG workers may react towards this. When I asked about getting clients or license first, the answer was “Worry that later cause we will take you step by step at a time”. I am currently trying to get my account terminated from this company as soon as possible but I do not no how since this company does not “fire” anybody unless they are doing any illegal activities. If anybody knows how, please write the procedure down for me. Not saying this company is fraud, its just my experience there was not really amazing and I don’t want my personal information in the hands of the company I am not planning to work for.

    • Jake,
      It seems like WFG and the sales side of the financial industry may not be a good fit for you. First, working at any financial company as an advisor/broker/associate/etc is a sales job…often times paid via commission only. And since newbies have no experience dealing with any other people in that capacity, they are often trained to prospect their “warm “market for leads…simply put, sell to friends and family. However, you are new and do not wish to experiment and gain your experience making mistakes with the financial well-being of those close to you.

      WFG is not a scam…those of you who’ve experienced it through new associates are simply dealing with people who do not have enough experience and think their job is only “recruit new associates”. That is not required, but like any business, you will do so to expand into other people’s networks. Every company does that…call it recruiting (every branch of the military, Avon, Amway, all banks, sports industry scouting, etc) or advertising (I won’t assume that anyone reading this blog lives under a rock and can’t create their own mental list of companies’ need to advertise). As with any other mostly independent company, your experience is sometimes only as good as the manager/mentor/associates who are in charge of smoothing out your experience through the process. Oftentimes, as in the case of WFG, the company is too big to ensure that everyone is having the model experience. And the process is sometimes outside your comfort zone because you are new to that type of work experience. The hard part is that it’s not a job that pays you a salary…you have to create that yourself…you own the store…find the customer/client to buy your services since they are out there buying from someone else. However, you need to hone your skills…sales skills, product knowledge, and the art of human psychology. Think of some of your doctors/dentists/chiropractors/lawyers/etc who are in a private practice…same thing. Get license, get experience, take more continuing ed classes to always be learning new procedures and laws, etc, rent an office, etc, convince clients from other practitioners to come to them because they feel their service/skills are better. If you saw some of your classmates advertise their medical or law practice, would you use their service? Some of them you would and some NO…because you remember they were goofballs in class! All industries have goofballs! But some of your classmates were brilliant and you’ll gladly give them a try and stay with them unless they make constant errors and you find a more capable practitioner to give your business. The same process is going on at WFG. Some associates are working in unfamiliar terrain and don’t understand the financial industry or the products…and not all the products are created equal or meet all your needs. Then you have individuals who are only in it for themselves and look for the quick buck approach…those are the ones you should avoid like the plague!

      My only agenda was to advise you to resign by submitting a letter of resignation. It’s that simple! However, if you do not attend meetings or partake in any of the events, make any sales (which you can only do and get paid for if you’ve passed your exam and are actually licensed), then you naturally fall off their grid through an “Inactive” status. But the letter of resignation is best if you were assigned an associate code, etc. Good Luck:-)

      If anyone else in the NY/NJ area wants to understand this industry from a well informed point of view and wish to consider it as a viable business model, send me an email at NAExpansion@Gmail.com. And good luck to those who are constantly seeking, asking questions, and are forever curious till they find a good fit for their life’s goal and are able to pursue it with integrity.

      • Mr. Anonymous,

        it is very nice reading your post. On Feb.1, 2013, I attended a WFG convention in Santa Clara, CA. What I have learned most about during the 3-day event is recruiting people instead of products. Post 16 by Nick Kett has said something I am really concerned about. Could you share some details on what Nick has brought up? Your thoughts are greatly appreciated.

        • If you make more money recruiting people than selling products or services

          then your company meets the definition of a multi level marketing illegal pyramid scheme
          according to the FBI website,

          • Like most I want to know more about WFG, here are my thoughts:

            History8888 says:
            May 20, 2014 at 2:41 pm

            If you make more money recruiting people than selling products or services

            then your company meets the definition of a multi level marketing illegal pyramid scheme
            according to the FBI website,

            A grocery store sells an apple to its customer, the income from the apple pays the cashier, the grocery bagger, the assistant manager, the manager, the general manager, the owners. –

            —- Is that grocery store now a Pyramid Scheme, MLM?
            in a way YES, but once they recruit most stay because of steady income, the lower tiered people get laid off/fired/quit for multiple reasons (theres no where/little room to grow)


            A hotel conglomerate “Franchisor” (IHG, HILTON, CHOICE, WYNDHAM) opens up its hotel chains to “Franchisee’s”,(HOLIDAY INN, HAMPTON INN, COMFORT SUITS, SUPER 8) so the “Franchisee” can open up their own hotel or in some cases multiple hotels.
            So, that “Franchisee” MUST hire the right people to RUN it, and fire/layoff all the others who suck at working in hotels, so the “Franchisee” can make money, and send some it to the “Franchisor” for using a specific brand name a.k.a. “Franchise Fees”. Lets see how that trickles down shall we?
            (Hopefully this makes sense to most, for those that don’t understand, good luck)
            Hotel Guest’s Pay $100 for a hotel room
            - Front desk gets a cut. (HIGH TURNOVER JOB)
            - Housekeeping get a cut. (HIGH TURNOVER JOB)
            - Sales Staff get a cut.
            - Management get a cut.
            - Maybe the owners of this franchise can take home some profit (after the Above+Below+Taxes from the $100 room night)
            - A Good CHUNK goes to the Franchisor in a form of “Franchise Fees”
            - The administrative Assistant. (MED. TURNOVER JOB)
            - The Admin Team
            - All people involved in corporate management (Sales, VP, CEO,CFF,….)
            -Who know how many other levels of people
            - Shareholders

            Is that hotel a Pyramid Scheme? I think so, You better watch out Pyramids are everywhere!

            you have to have man power to make things work, some people work out some people don’t, not every opportunity is for everyone.


            Here is another example:

            –How many of you would be in the pornography industry, for an opportunity of a life time, making money for each shoot, job, session? (very few most likely)

            –How many of you would like to sit at a desk 9-5 punching numbers on a computer, and having someone tell you when to go to lunch, when to some to work, what days you can and CAN NOT take off, for a comfortable stable pay check (Legions of Americans)

            Guys, WFG does not make money off of its recruits simply by recruiting!, The recruits must sell a product, if they don’t sell they will make no income, AND if the make no income they will eventually drop out and have a sissy fit.
            The point of recruiting is to weed out the weak (thousands) and keep the strong (handful).

            Insurance companies do it, if you don’t want to be apart of it, make sure you don’t sign up for your companies 401(k) plans, the life insurance they give you, and don’t forget to NOT sign up for your companies Health plan either

            -Not all people that come in as recruits have the mentality that WFG is looking for.
            -Not all people that come in as recruits understand what needs to be done before you starts TRYING to recruit. (Health/Life License, Series 6,63, Countless Hrs. of Continuing Education, More Training)


            1. Sorry for the long write up, reading all the reviews made me spit out these lamen examples.
            2. I do not work for WFG, I have been to 1 meeting only.
            3. I am an insured life/health agent that works as an independent agent for many carriers.
            4. Keep an open mind to opportunities in life, if you turn your back on them, you will miss out.
            5.Google every single company out there.. there will always be bad media on it.
            6. people are giving WFG a bad rep because THEY THEMSELVES FAIL!, and need to blame it on anything and anyone but themselves for failing.

            Thank you.

            Good Job Anonymous,

          • @ Common sense

            You realized all that after 1 meeting. Also you defend wfg that vehemently? Come on, you know that’s a red flag that your not being 100% genuine here…

        • This is how I see their pyramid system works, they insistently recruit a large number of people is just like creating an army for a king, if one fail to bring in a client then hopefully the other employee can do, that way the king and his loyal generals can still able to sit tight in their positions without doing anything, but still generate their income growth. The bigger recruited is the bigger army the better that they’ll fight for the king and his around him. This is their internal system, it has nothing to do with clients concern.

          What clients should concern priority is do they get the right information written on their policies copy. What is the best value policy they can get that give them most benefit. I have been selling insurance before when I sat down with clients I don’t talk without my product’s binder open up in front of my clients, and I don’t make up my words as I speak, I follow what in the company’s binder say and go a long with clients thru the company’s binder.

      • Well put Anonymous!! Excellent!!

        • @ clancy + common sense

          You continue to miss the points.

          1) you enlightened people continue to respond to questions from 2+ years ago.
          2) you simply refer to what money a recruiter can make on the backs of all the clients who lose money.

          3) Nobody cares about the smoke and mirrors non answers you keep posting here. It’s simply a lot of BS. If you had a good product you would address all these complaints and fix them and post your success. But none of you do that – you just jerk everyone around with your “cult like” nonsense ramblings which have zero financial basis.

          • Paul N,

            1. I know it was from 2+ years ago (I thought I mentioned that, perhaps I did in an earlier post. I am sorry I made you read a post from a post from 2+ years ago.)

            2. well any recruiter can make money off clients backs, Hedge Fund Manager, Stock Brokers, even you companies 401(k) plan manager.

            3. I don’t speak for WFG,(as I do not work there) I cant show you an intangible product.

            But outside of WFG I do sell insurance, here is one i’ll present to you, and you can be the judge of rather you like it or not.

            Guaranteed Universal Life with Return of Premium and LTC (Long Term Care) Rider (All included in cost without greatly increasing the cost.)

            Buy a policy for say a $200,000 death benefit + LTC Rider
            Depending on your age/Sex: A (say 40 M,)
            Depending on your health: B (PNT) Preferred Non-Tobacco
            You’ll get a premium amount: “C” that you pay for “X” years (or until the policy allows you to stop paying further)

            Starting on the 15th – 25th year if you don’t like the policy you can have your premium “C” x “X” back MAX of 25th Yr. (I dare you to get a quote for the same amount of insurance on your 25th year for the same amount at that age) Either way you get your entire premium back.

            Lets say you keep it because common sense kicks in….
            now lets say you are Terminally ill (Dr. says you have cancer and may live no more than 3 years)

            Enter the LTC Rider: allows you take 2% of the $200,000.00 = $4,000.00 (Min. $500 MAX $4000.00 in this case)

            You opt to take the 2%@ $4000.00 for the next 24 months = $96,000.00 (how ever long you want till you draw your death benefit to Zero, IF YOU CHOOSE TO DO SO.)

            $200,000.00 (Death Benefit)
            -$96,000.00 (LTC Benefit while you are STILL ALIVE)
            =$104,000.00 (Death benefit left for your loved ones at death)

            I hope that helps, I don’t know if WFG sells this or not, but one of the carriers I represent sells this.

          • @ Common sense…

            I must ask – Why would you decide to post this on a blog that the subject is : “My Experience With World Financial Group” if you are not affiliated with them? If you have a strong legitimate product why have you stopped here to reply to a 2 year old comment ? I do appreciate you being one of the first people to try to express a thought both articulately and with an attempt to back up your words and not simply attack people here. But is this really the right forum for you to do so? I doubt you will get a client or find someone to sign up with you.

            I am more concerned when i walk into a coffee shop for example and you see someone signing some poor couple up to some unsuitable products at a table there, or at a party or your cousin… Not really in the best interest of the clients.

            People going to hedge fund managers are people that have money already that are trying to maximize it and talk about it later at a cocktail party later. I believe there is a 1% success rate for that method of investing. Also something I would not recommend. All through here I advocate taking control of your own finances and become your own advisor. So I really don’t agree with any of your examples above.

  16. Google for yourself the WFG:

    Agents from this company said that their objective is to help families to be financial independent. They push people(future members) to get the full insurance – members are full life insured at the same time they have cash value for them to use during their retirement. But the truth that cash value(they/agents call it savings) is not their by the time members need it, as oppositely described by their agents. The life ins. products they usually sell is an ART (your premium is increasing yearly w/ same face value) but members are paying same amount of premium monthly thru the whole process EXCEPT that the increasing/additional amount from your premium is DEDUCTED from your cash value. But the agents ARE NOT telling those info to their members, maybe it’s either they really don’t know the product or they just PUSH their members for them to make money. So goodluck for those currently WFG members.

    • I know this is from 2013…

      All Cash Value Life Insurance must be “properly funded” in order to build this value.

  17. You had a pretty bad experience, that’s the danger of recruiting people who only care about their pockets, not the client. We call them money monsters… There are different teams that stand for what is right. I would suggest to shop around for a good team. WFG is a great company that screens people, doesn’t mean an occasional bad sheep doesn’t get in. Hard to survive in the company if you are lousy dishonest person though. I believe these are the ones that quit and then complain.
    WFG inspires people to do great things with their lives, and like anyone starting a business, of course they go to family and friends first… If you have not been with the company for at least 3 months, you shouldn’t be talking about it…

    • This is true. Like all other institutions, it depends on who you are working with. I’ve had clients that share about their WFG experience and it seems it really depends on the person you are faced with. WFG has a business format that allows its associates to do their act as a business owner – all the perks and disadvantages of an entrepreneur. After 6 mos of being in the business and being a conscious financial adviser, I can say that I now understand how WFG works. It’s NOT a scam.

      He who understands wins.

    • A lot of people don’t understand the concept then they call it a scam. I have friends in HR, and cars saleman recruiter business , they also have to go recruit people. They are scam too? Also, one of my friend in Sunlife, he has to make sales to make quota every month. As soon as his points drop little bit for the month, the manager push him to go out there to make sales already. No sales, no revenue. He is by himself. One man band. In any sales business model, the more sales the more revenue. The bigger your team, the more money you make………you have no team, you only can’t do so much. Just think of that as you want to be single no kids ( single agent) OR you want to get married – have kids to build your legacy ( build big team – recruit ) .Just that SIMPLE.

  18. Good light-hearted humor. While it is possible to make a ton of money in any MLM company (WFG, Amway, FHTM etc), WFG and Primerica are considerably riskier given that live savings is more than a few crappy bottles of shampoo and make-up.

    ALL the MLM companies are a good case study for research. I liked your post.

  19. This is perhaps the most inaccurate and slanderous review of any company ever. Hopefully, nobody would base serious financial or career decisions on a review from this blog alone. Especially, when the motto at the top states, “It does not matter who is right or wrong”. I do not want to waste too much of my time here but let me clear up a few facts.

    First, you are correct in stating that calling WFG a pyramid scheme is “unfair” because it is. For a clear definition of pyramid scheme please go to this link. http://www.fbi.gov/scams-safety/fraud .

    Second, I personally know at least 10 WFG agents in my office that have no recruits at all but make $200k per year in personal production of various financial products only when they are suitable and affordable for the client.

    Third, I clearly understand the bad reputation MLM or network marketing organizations get. Although I do not agree that WFG is a true MLM it does have similar elements. The fact is that I can recruit exactly 100k people into my “scheme” as you call it but if they do not actually open accounts with clients then I do not make any money. You do not get paid for “recruiting” you paid for TRAINING people. Which was the exact same way my Regional Supervisor got compensated at Edward Jones, and the same way upper level broker dealer managers get paid at every other broker-dealer that is licensed by FINRA, or any state insurance department. So why chose WFG? Because they are one of the few companies that does not put a cap on how many training managers they have. If you want to make big bucks $25-85k per month as a financial services company upper level manager then go out “into the field” on a daily basis to build, grow, teach, and develop your team.

    Most importantly, I have never met a World Financial Group rep who would advise you to take an interest only loan. Your “friend” was not follow concepts they learned at WFG. Our leaders such as Lijoy Thomas, Arlex Flores, Victor Salvador, Manh Le, and many more would have shown you how to make so much money that you can pay off your mortgage sooner and then pay cash for another house after you have protection>debt management>emergency fund>investments.

    I have wasted enough field training time on this blog. Hopefully you publish my comments so that others will hear the true concepts behind WFG.

    • Wrong.
      It was WFG company policy to tell people before the financial crash to refinance their houses, take out equity
      and put it into WFG products.

      WFG had a mortgage company and was pushing negative amortization 1% option ARMS to facilitate that bad financial advise
      to people.

      WFG was sued and fined heavily in many states for unethical and illegal business practices.
      as were individual WFG reps

  20. Oh, I also forgot to add that because WFG is open to any body that can pass a pretty stringent background test, you may get people who do not have their heart in the right place. The bottom line is that you have to be smart yourself and ask yourself “does this make sense”. Read a few actual books. Call state and federal regulators to ask about the individual you are doing business with. See if they have any complaints or judgements against them.

    The openness of our system also allows people that are great at what they do (albeit they may be terrible at spelling or grammar) to become the CEO of their own large empire while helping a large number of families along the way.

    • James Adams, your comments are also well put and well-taken! WFG is a great business and its financial strategies are truly valuable for families!!! Just my personal experience.

      • WFG does notg help families as you say.

        It finds gullible uneducated, not financially wise people and sells them not suitable for their families
        as a flurry of lawsuits proves.

  21. I am sorry but in my typing rage I forget two more things. WFG DOES NOT OFFER ANY PROPRIETARY FINANCIAL PRODUCTS, so when you say they push their mutual funds, that is totally wrong. We represent 146 of the top financial companies including Fidelity Investments, Goldman Sachs, Pacific Life, Western Reserve Life, Nation Wide.

    Also, as far as the team building goes think about this. If you were broke and struggling and somebody took you under their wing to train you as a financial professional for very little money and a whole lot of time but in return you were able to generate six figure income in personal production, is it worth it?
    If you were able to train another person the same way do you think you should do it for free or get paid a little something?
    If you could build a solid agency by yourself and get paid to train others is it worth it?

  22. Ok, wow first of all “I Love World Financial Group.” Why, well let me tell you. I have a friend who is a partner is a successful New York Life office in the Midwest. When I got my license and told him what I was doing, he tried to recruit me. I went to his office just to visit. New York Life is an Insurance and Investment Company know nationwide. My reason for using New York Life (NYL) as an example is because it is one of World Financial Group’s (WFG) competitors.

    NYL is a traditional business model. In my friends career, he was a successful producer, then he went in to recruiting and training. In NYL model, you cannot be a producer and a recruiter/trainer. You have to do one first, then do the other. But you cannot do both at the same time. Also, to become a broker, you have to go out and litterally start your own office from scratch. At WFG, the first tier of it’s business model is quite simple. You can become a producer and develop your own book of business. the 2nd tier model is that you can recruit people “WHO ARE FIT FOR THE BUSINESS PREFERRABLY” and train them to do the same as you are doing (Becoming a financial professional). The 3rd tier of the business model is that you can develop brokers underneath you and still get paid bonus overrides from them. Let me tell you, YOU CAN BUILD A HUGE WFG FINANCIAL BUSINESS if you listen to what I am saying here. Unfortunately people come in (Who are not wired for business to begin with) and sign and die. Several reason cause this. I don’t have time to list them here. But the problem is that those who don’t have a desire to help people with their financial situation or build a successful business with lots of work ethic, should not even join. Why, the odds are you will sign and die, then your gonna blog negatively about the company when it was your own efforts who made you fail. Sorry for the reality.

    But on the other hand, if your desiring to help people, motivated to build a successful business, and desire the financial industry then plant your flag here in WFG. It is the best hybrid business model out there. Because you can simultaneously build the 3 tiers of business I was talking about and set yourself on a path to financial Independence.

    I have been with WFG for three years and learn from the best the industry has to offer. If your checking out WFG and what they are about. Please don’t read these blogs of people who aren’t successful with WFG. Contact the person who invited you to WFG and get back with them and get started. It will change your life if your serious. Check out the links below. I love this business…

    (links removed)

  23. So far I see a lot of comments from recruited individuals that have created wealth for themselves off of the backs of what I would call “victims”.

    Your typical investor in a product from WFG or Prime America is someone that lacks financial knowledge. They are typically recruited by networking. At parties, weddings, family gatherings, by word of mouth.
    Anyone showing glimmer of financial knowledge and asks questions is immediately asked… “Hey how would you like to make some money”? I have actually experienced this.
    Lets take an actual live example.
    Recruit recent immigrant at family party. Victim has very little financial knowledge, is trusting, and does not really understand the numbers scrawled in front of her. She has little money, there is no discussion of what type of funds and best diversification is best for her.

    She is advised to leverage 20 k in a loan arranged by same person at a high interest rate. All of the funds are put in one fund. (Asset builder III) a fund with a front load charge, a 2.27% MER, and DSC’s for 8 years starting at 5.75% and slowly decending year after year essentially locking you up in this dog of a fund for at least 5 years before you can make some kind of break from that unsuitable product.

    Any of you so called self proclaimed fund managers can stand up and with a clear conscience say this is the correct way to “help” a person save for their retirement really are lying to protect your income stream or blinded badly by your own BS. This type of investment model is based on greed not a partnership between investor and client. One person drives his BMW the other takes the bus in retirement. Can you guess which one takes the bus. Or do you need a hint.

    • You are correct…

      And they also sell annuities to baby boomers which is a huge no no
      and do not disclose that if they put their money in then it must stay in for 10-20 years
      and they cannot touch it even if they are at retirement age.

      Many lawsuits against WFG.

      A law firm I saw online specializes in suing and winning against WFG and its poorly trained Reps who lack
      knowledge and understanding of the products they sell,

      Any warm body can study for a license to sell insurance,

      They must understand what they are selling and to the appropriate parties or they are breaking numerous laws and regulations.

      • History 8888,
        Baby Boomers are a market segment, they are entering retirement, there is no where that says you cannot sell anything to them. If they are of sound mind, and are educated they have the right to see fit they have enough income coming in during those years,
        Many will be living of faded pensions maybe 401(k), and will rely heavily on Social Security, and their own savings.
        This is NOT a retirement.

        There are many different types of Annuities, not ALL of them are locked up for 10-20 years.

        • Yes there are laws and criminal violations for fraud if you sell unsuitable products to people.

          Prosecutors have filed criminal charges against Insurance Brokers who do that.

      • Incorrect, their are annuity products where you can have your money for 5 or 7 years, which you can withdraw 10% a year with no penalty. After the 5 or 7 year period you can move your money or leave it in the same place, with a guaranteed cap of .75 if the market tanks or guaranteed cap of 9% of return. Like any business being car sales or mortgages, their are always going to be unscrupulous people that take advantage of others, but you cannot penalize the company when the agents are independent on a 1099.

  24. I’d like to start by saying I completely understand why people can be led to think WFG is some sort of “pyramid”. When I was first introduced to the company, I was skeptical myself because of previous companies that had tried to recruit me and I also did not like the idea of being in sales because of previous sales positions I did find success with. However, I started part time because it was my mom that had asked me to help her start a business within WFG. So I began attending training sessions twice a week, trying to figure out how to tell her it was a waste of time and complaining about waking up early on Saturdays. After I finally got my license, I realized there was no scam at all. What I found out is that the real scam was my full time JOB that was not providing me any clear paths to being promoted. There’s constant politics and management power trips and someone else dictating your schedule, income, and ultimately the future of your family should the company be sold or go under. This does not just apply to my previous employers, I’m sure many can agree this is typical for employees to deal with at a job.

    What people aren’t properly communicated up front is that WFG is not a JOB, this is a business opportunity. If you aren’t ambitious and a hard worker, then you are not likely to start your own business/ be successful at it. This means that the opportunity is not for everyone, but is open to those that can pass a background check and get licensed with their state for the products the choose to offer.

    Yes, we have plenty of recruiters in WFG. However, we do not get paid a cent off of the fees associated with an agent’s background check and license study material. We get paid for the training and development, and the time we spent coaching our new agents further down the road, when they are done training and become independent agents. The atmosphere when everyone is working in each other’s favor constantly is amazing! And beyond our constant training, WFG’s Mission is to help families achieve financial independence. Until you see the difference we actually make for the many families we’ve been able to help as a whole, you can’t see how funny it is to think this is some sort of scam.

    Now because we do not require experience prior to joining, those in training may take some time to learn the proper way to introduce the business or even the products, and they may get asked questions they can’t quite answer or are very vague, and this can cause people to assume this is a scam. I can attest that each person learns at a different pace and this company is great at working with you, but not everyone’s heart is in the right place (not just in WFG) and some people are only in it for the money. So if the person training you tries to force products that don’t make sense for you financially, I would try a different leader. You can find a different atmosphere or culture in different offices, depending on the leadership.

    I’ve been in the business about a year now and have learned so much not just about finance but about people and their needs. Before I started in this company I thought I was happy where I was, but truly I was just comfortable and had no clear direction for my future, nor was I saving for it! I’m so grateful that my mom dragged me down to hear a presentation and set me on this path. I was raised in the middle class and now have an actual way out, a way to provide for my family, and help mentor others to do the same.

    I do feel bad for those that had bad experiences with WFG. In the future when someone invites you to an open house/ presentation, please remember this is a REAL business opportunity, not some 9-5. Please be open minded and willing to change. Success is normally found outside of your comfort zone.

  25. Re : AB

    You just wrote 40 lines of one of the longest no fact based non answer again.(more like a “testimonial”) Do you actually write these or have a PR team that just cut’s and pastes nonsense like that for WFG?

    Again a recruiter proclaiming how well off they are because they take advantage of the people who are just trying to invest that don’t realize they are in a product not suitable for them.

    “Mission to help families” ? WTF ? WFG… Go to a real school, get a valid financial education, then maybe you too can realize how wrong you are.

    • You say “go to school, get a valid education”. Well, my story is I have gone to school (government certifying college) where I was presented with indoctrination on business, have worked for others, and have owned my own businesses. My parents were factory workers and at times I grew up on welfare due to a parent’s illness. My first jobs (some paid, some not) included working as a server in a chain restaurant, then as a bookkeeper, salesperson (non-commision), commission salesperson, then business owner, mother, volunteer, social activist, artist, and a few other things. As you can infer, I am not a youngster just starting a career and I consider myself well-read and thoughtful. My peers and neighbours also consider me well-read and thoughtful because they often ask me for advice or information that I am always willing to share.

      Because of my many experiences in earning money and careful study of economies and history, I have recently decided to join WFG. My eyes are wide open and I fully understand how this company works. You may not agree with my decision, but that’s okay with me. You sound like you are over 18 and as an adult you are free to make decisions for yourself, as I am.

      I joined WGF because I like that they are a company that offers choices and my income will be tied directly to my own efforts. I will not have to wait until someone else decides I will get paid more or have my daily activities monitored or dictated to me. I fully understand my role with WFG is as a marketer/salesperson and in that respect is no different than if I worked any advertising company like Facebook or Amazon, I do not make the products, I just present them to people who have the freedom to choose, because they are adults, what products they want. I force no one to buy or join, I present them with information, and I respect their right to free will.

      You say people are being “taken advantage of” but don’t provide any evidence of that statement. Please provide some third-party documented evidence of anyone who was coerced into buying products or joining because they were legally incompetent, either by education or illness or any other reason. I have not yet found any.

      There are many products for sale that I personally find to be most useless and money wasting, but many people value. Diamonds are one, they are hugely marketed as being rare (they are not) and as being an “investment” (go to any pawnshop to purchase rings at half or less than their price at a jewelry shop). Food at most chain restaurants are devoid of good nutrition as are most of the processed food in grocery stores. The difference in quality between clothing items are very small nowadays yet prices can vary incredibly. Yet many people still purchase them and believe in their choices are the best.

      Our economic society is currently based heavily on advertising, celebrity, and marketing. Just look around your everyday life and notice how many businesses are trying to get your attention through all kinds of means. The new business mantra is all about how many eyeballs they can get looking at their product, like Miley Cyrus’s new album.

      It’s because of all the electronica that I have decided to take that more personal approach to creating an income for myself by joining WFG and to presenting families with financial options and products. You believe the companies WFG is affiliated with do not have the right products for you and you have the freedom to not choose them. That’s fair. But many people have made the choice to purchase products or invest with WFG affiliated companies and are very satisfied with their decision or WFG would have folded by now.

      In my experience, there are many ways to create financial stability. I started out having mutual funds but graduated to investing on my own. Most people would not want to spend 3-4 hours a day for many years studying finance (like I did) on top of their day job in order to create stable wealth for themselves. They would rather pay someone else to do that for them. I decided differently for myself but know that the option of mutual funds is better than nothing for those who choose to not spend the time to learn about finance. Mutual funds were worthwhile for me in the beginning and worked out very well as my knowledge grew and I had the confidence to manage my wealth on my own.

      A lot of the comments I have read remind me of the Aesop’s fable of the fox and the grapes. Basically, the fox couldn’t reach the grapes to eat them so he decided that the grapes must be sour. It’s unfortunate that so many people adopt that attitude instead of just accepting without malice that a product or opportunity is just not suitable for them right now.

      As for all the rah-rah that some have commented on, it is part of the positive company culture that WFG is establishing for themselves. This again is the same as any sports team or business like Google, Apple, Microsoft, etc. that intends to be around for the long term and wants to grow. I like being around positive people, it beats the alternative handsdown!

      Paul, for me to believe you, I will need some evidence that will completely negate my lifelong education and experience and the conclusions I have come to in joining WFG. I am totally willing to be open-minded to learning because that is what got me into the top ten percent income bracket in the first place.

      • Hi Barb,

        Thank you for posting that long note.

        Did you also take the time to read through each posters comments? You have sent a comment attached to one of mine from March. First I would ask : do you understand what the word “Fiduciary” means. Putting your client’s interests first.

        Just because a person is over 18 as you write, it does mean anyone can put a target on their back and ride them into the sunset slowly draining them out of their hard earned money. Please read comment 44 from Susan for example. This is very similar to what happened to a close friend of mine. When I questioned the basis of the investments – they tried to recruit me instead of answering the questions! It is not fair for you or anyone to prey on another’s ignorance of how financial products work. Some people don’t understand numbers as others do particularly when the numbers a disguised in increments like 2 or 3 %. Wow… what’s 3%?… 3% is the difference between a person retiring with $750,000.00 over a lifetime of investing vs. $450,000.00 with the same money invested in two equal products, one with a lower fee. (Guess where the missing $300,000.00 goes?) Give me a break!

        I don’t have to prove anything to you. Sorry it’s just the reverse. I have asked in several different posts on this site for you to give an example fund you offer clients and explain ALL the fee’s. Here we are a year later and all we see is mostly nonsense, threats, and a recruiter like you boasting how you are a “10 %’er” ??? Your good fortune is on the backs of trusting people that don’t understand finances and for various reasons can’t do so. I don’t say don’t make any money, but do it fairly and be compassionate as well.

  26. RE: PAUL


  27. Hi Ed

    Wow another non answer… What else would we expect?

    I love your last line in your reply. It speaks volumes without me having to explain why.

  28. For a minute I thought I was reading about a religious cult…. Indoctrination is the word of the day…

  29. “Lacking education”? Thank you , after 53 comments I needed a good laugh. Bottom line i don’t have money to invest, my father suffers from diabetes I often find myself asking what can I do to help?… Obviously 9-5 won’t cut it ,so is WFG a good company to invest ? I’m willing to sit thru training and meeting, and put my heart in it… Is WFG the right choice?

  30. I used to work for WFG. I’ll be as clear and concise as possible.

    If you are already grounded in finances or stock, & have a considerable list of connections (people willing to work with you and people who are looking to purchase life insurance) then WFG would be wonderful for you. You really COULD make money, and a lot of it.
    Because WFG’s pose is that you are owning your own business, I didn’t have argument to the $100 fee in the beginning. If you’re doing business with someone, put your own in. It technically is an investment, so no problem. No matter what you do or who you may work for in life, some things involved with the company you are just going to have to pay for: WFG is no worse. You pay for events, lunches, etc, all of which are optional (but are very highly pushed to keep company loyalty and oo-rah high, say for your wide-eyed new recruits looking to learn.)
    WFG DOES require some education and licensing, but it’s like this: To start, you have to earn a Life Agent’s license through the state, and for those of you who know, that’s the absolute bottom rung of the pole vault. You can do fine on that alone. As you progress in the company however and want to sell different products, you will have to earn various licenses to do so. All licensing by the way is via the state, not the company, so this is not of profit to them. For the more juvenile argument, I don’t have an issue “paying so much money,” because if I see the need to become a licensed professional at something and be taken seriously, I’m going to do it… Not that I’m calling WFG associates “licensed professionals.” Anyhow, you’d do the same with any other work/career, so set that aside.
    “You get paid what you’re worth in this company.” This is true, but to an extent. It’s more like, “You get paid for what you’re willing to sacrifice for this company.”
    WFG teaches about various asset vehicles (GIULS, etc) & their connection to the financial follies of the now-retiring “Baby Boomer” generation, as well as the current negative fluctuation of the economy. These things I find (mostly) true and can be used to your advantage if you don’t run away as a potential customer at all the scary terminology. Those factors set aside, it could still be beneficial.
    Concluding the positives, WFG is really a legitimate opportunity for a *select group of people.* My biggest issue with the company is their means of operation in a variety of faucets, which leads me to the…

    As I said, WFG is great but only for a select group of people. As some have explained before me here, more than half of the company’s “associates” are only with them for about a year until they finally leave and their “personal investment” to the company has not gotten them much except mental exhaustion, confusion, and guilt. Without wanting to sound like one easily scared, the company really is mostly fueled off of “HOO-RAH!” Clapping, awards, praise, events. This is presented to you as a positive: “Did you ever get recognition at your job for the things you did? You do here!” All the figureheads of the company emphasize the need for competition, and they’ll do this by touting your emotional threads- becoming a “legacy” in your family, being a strong, independent woman, being that go-getter dad that financially humps his way into dominance among the rest of the group… And slowly they paint a picture for you of what “Success” is, and that you need to chase after it or your life is a miserable, dissolute failure. They’ll appeal to all people: black sheep who want to prove their past wrong, single mothers, or they’ll dangle the future of your children/parents/grandparents in your face. “Don’t you want the best for them? Don’t you??” This is to no exaggeration or hyper-focused bias on my part. The company depends on guilt very heavily, and they openly admit it.
    From the audio they make you listen to, to the written instructions, the meetings, and anything else, the basis for a majority of it is vindictive psychology. You are taught to use this when talking to friends, family, searching for prospects, and even talking to your coworkers. From the beginning interview those emotional threads are pulled HARD after having spilled your deepest desires to your prospector, and they will be used against you any time you doubt the company. You are also instructed to do this as your main means of operation. Quips and comebacks, conversational string pulling. “It doesn’t matter what you say, just that you give them an answer. Return to establishing a time to meet. They won’t even think about it.” That is taken right from the audio instructions. At the biweekly meetings, the head of (my) office would say, “Just keep talking big. People will have no choice but to go for it. You gotta look and sound the part. Get them there and ‘let the chips fall where they may.’”
    So with eager/desperate new associates continually circulating through the company, their heads freshly filled with all their life’s ambitions and desires, it’s THESE PEOPLE that make up most of the company at all times. Their friends and family are called, and are given the bait that “John needs help. We need to sit down with John since he’s new to us. You’ll help John, won’t you?” They filter these people through the same process (the instruction manual uses the words “filter” and “process” frequently.) Each new associate pays/invests $100 to join, & must also purchase insurance that is direct to their company. Hold onto that.
    “It’s all about numbers” is a common mantra and function in the company. Their given is that ultimately 1 out of every 10 people you send through the “pre-interview,” the “mo-zone,” and the “final interview” will join. Even less of them will continue working with the company. Think of the money the company is receiving in the meantime- the initial $100, and the monthly payments. So you can see where the emphasis of “new prospects” and “building your team” comes from- not to keep them, but to cash in on the firstfruits.
    Unless you are of the select group I mentioned earlier having great connections already, you make a hefty list of family and friends. “Anybody, it doesn’t matter. Even if you barely know them.” To get you through the embarrassment, you’re taught by the figureheads that all your best friends will be met through WFG. Anybody who doesn’t join WFG “just doesn’t know better,” and are approached as something like the damned. It’s critical to hang out with WFG people. Stay away from people who don’t like WFG. If they’re not with WFG, don’t talk to them. Your life is WFG. You need to stay motivated, right? Cut off your friends and family. They’re your enemy, now. (This btw is not exaggerated colorful humor or bitterness. THIS IS WHAT THE COMPANY TEACHES.)
    So now you have to start “building your business.” As you can see, this would be easy for the established. But for the average Joe or Jane if your family and friends haven’t bit the hook, you resort to prospecting- getting numbers or email addresses from complete and total strangers. You need to “hone your skill” in small talk. “Nice shoes,” “Thanks, they were cheap,” “We all need to save money,” “Yes, especially after my son’s surgery,” “Oh really?” “We’re having trouble with the bills.” BINGO, we’ve got a live one. Then you bring them around to a “business opportunity,” and get a contact… You have to do this at least ten times a day to get any bread on your plate. This is what you are taught you need to do all the time… So think about that.
    Over time you build a team. Your overheads make money on how well you do (reasonably,) and the same goes for the people you are over. At this time, you are taught to drill all the same things into your team that were drilled into you. You must get them to events, give continual pep talks, remind them of all their aspirations in life. “Selling the Dream,” as WFG calls it. “We aren’t a money business- we’re a people business.” In the beginning it is suggested that WFG can be a vehicle to “get you to your dreams,” even if you don’t continue working with the company. But later on: “See the success you’re having? Why don’t you just stay with the company? It has everything you need. You’re helping people and are making more than that career you initially wanted would be making. It’s more beneficial to stay with us.”
    After however long it takes you- a few months to a few years- you realize that this isn’t really the saving-the-world company that it claimed to be. You realize you’re not cut out for this. It’s not that you’re not trying, or that you’re lazy. You’ve actually made WFG your life by now, but the mechanical odds the company spiels to you aren’t working out, so you feel like a failure. They maintain the guilt and commitment to the company with, “If you do it right, you won’t fail,” “You get paid what you’re worth,” and the like. Within that though is the flaw that not all people are the same- this is the wobbling cog in WFG employees reasoning, yet an advantage the company has. It won’t work out for everyone and they know this, so it doesn’t hurt to take your money in the meantime.
    When you finally make the decision to leave the company, the people who convinced you and themselves that they were your friends ostracize you. You left. You’re the enemy, now. You’ve given up, you’re weak, you’ll NEVER fulfill all your hopes and dreams. You don’t see the dream. You’re ignorant. Fill in the blank.
    So you are now left a rusted and broken company tool. These people who struggle make up most of the company… In other words, the base of, oh, let’s say, a pyramid. I did not want to throw out the term “Pyramid Scheme” in the beginning because it makes people defensive, or it looks like you’re crying WOLF! But that’s the truth of the matter. Joe or Jane makes the base for the pyramid… And who makes the most money at the top? People who were cut out for it… And convinced you that you were, too. Once more, this is for that “select group of people” I mentioned. The common theme in nearly all of WFG’s business is taking advantage of the average person.
    Ultimately, over guise titles like “Financial Advisers”, WFG associates are sales people. They are there to SELL you something, whether that be insurance, or something more profitable… the dream of success. WFG is a very wicked double-edged sword.
    “Enter At Your Own Risk.”

    • Very helpful, Thanks.

    • definitely a very helpful comment, best one/seems to be the most neutral one I’ve read on here

    • very good informations thanks for your honesty.

    • Very good comment. I am with WFG for 3 year, treat it like a business and it is working really well for me. Even tho I disagree with part of your comment I have to agree that your point of view is the best I’ve read in here.

    • This is by far the best comment I’ve read anywhere regarding WFG. It puts into words everything I’ve ever wanted to say about the company. The bottom line is that vulnerable people get taken for a ride, and that’s what rubs me the wrong way. I have too many friends that fall into the “firstfruit” category, getting suckered in by their very own “friend”. I’m saving this comment so I can show any one that gets roped into one of these recruiting events.

    • Dear Honestly and others,
      I am sorry you went through that, as well very sorry for anyone else that did. I was invited to a presentation and told by a recruiter that said he overheard me talking about social work and his company was looking for people like me to help older people and there families with their finances. Just based on the presentation I know what you mean about the vindictive psychology. Because as well as having a social work degree I am also a student of political science I know that the finance world, banks, investment companies etc are highly exploitative in more ways than one. During the Great Depression of the 1930′s – there were similiar financial crisis. There were thousands of strikes. In 1937 Union Leaders went to talk to president Franklin Delano Roosevelt about workers concerns. FDR said “Okay, I hear you, now make me do it.” FDR knew there had to be strikes to the help create the political will to change things. What came out of the Great Depression was reform – social security, medicare, the GI Bill, education and unions. What we are virtually all experiencing is another time in history it could go that way – or to revolution. There have already been revolutions in the middle east as well as strikes and demonstrations. Capital is virtually fully global now so the crisis is global.

  31. Thank you for the information I wish I would have read this before I went in. I went because a friend told me they were going to help her with her financials. I mentioned I wanted to find some financial advice.even though I especially said I wouldn’t want to sell anything or refer any one unless I could see what they can do for me they persisted and now they have my credit card info my social insurance number and my license number. They told me that I could take the class and if I like it I could continue and become an associate. They charged my credit card and will not refund the money. I need the postal code in order to complain to the BBB and I had to call Canada Post to find out the address is not in the system. They said they would help me not to use credit cards any more and they charged my credit card??? They move so fast as they give you the info that it was not until I walked out of the office that I realised that they had my personal info. I told them I did not want to go to the first class to please not charge my credit card but I was told it was to late. I went to the class but all it was a bunch of people telling how much money they make and how they quite their jobs because they are doing so well at least WFG. They would not let me find info about them. If you or your friends are invited by these place please don’t go. You may think you ate strong but believe these people can get to you so fast. They took advantage of the fact that I am currently with out a job.

  32. “Anyhoo, the company is basically a pyramid scheme masquerading as a financial services company. That blanket statement is a little unfair, but is basically true.”

    I already stopped reading after the first paragraph.

    Already there is a flaw in your logic.
    First off, a “Pyramid Scheme” is by definition fraudulent and illegal – http://dictionary.reference.com/browse/pyramid+scheme

    If that were the case, WFG would be shut down by now, yet they’ve been in business and still remains so. Whatever your belief or opinion is on the company, calling it what it isn’t is slander/libel. Due your diligent research on the company and really know what you’re talking about before you post an article.

    Ladies and gentlemen, don’t believe everything you read, especially on the internet!

    • Hey Ryan,

      I would put your comment at the front of the line of ones to ignore. Every post from a WFG supporter is not supported by any facts. It’s clearly window dressing (or threats) to hide a business which only is a benefit to a small select group and detrimental to a much larger group. If you are a go getter “type A” person who has no regard for others best interests, you will do well, otherwise you will show a negative return and experience from your investment.

      I applaud the two people above you who clearly have posted based on their experience and are trying to warn others from making the same mistakes. You have no sympathy or regret for that at all. Very classy!

  33. So i was just hired to this job a few days ago in canada, and they took my 125 start up fee for the “Training” and after reading all of this, i dont care if they took my money, i am not going to that job anymore.. i mean i dont believe in all of this and i was only doing it for the money, but if i have to screw over my friends and family (from what they sound like they want you to do) i will not be associating with them. the only problem i have is they have all of my personal information

    • Before you make that decision why you don’t go deeper to see what they have to offer? At this point you have nothing to lose and you can have your true opinion from inside out instead of been influenced by a simple online blog where people put wherever they want.

  34. Kris
    Like I commented earlier a lot of BS and no facts. Spell out how you help people. Explain exactly what it is WFG does and lay out some numbers here.

    You can’t… but you all can certainly writt flashy meaningless replies here. Your so transparent. Like glass.

  35. Hi kris
    Thanks first time someone sent something of value to attempt to support the wfg case.

    So you seem to be reasonable. Please take us through a scenario. You meet a new prospective client. You discuss their needs. You decide to put them in some of your Tempelton funds.
    1) will you attempt to put an unsuitable client in a leveraged loan to “catch up” on investing?

    2) what are your fees ? Do you have a front load charge? A DSC rear load charge? How many years will a client have to invest before the DSC’s come down to $0.00. Ill guess 7 right now before you even reply.

    3) what are your MER’s? Again I will guess none of your funds will be below 2.25%.

    All of these above would make your product unsuitable for anyone because there are many others out there which are a more intelligent choice then any product that lands in the 3 listed above parameters.

    Convince me please- make me a client you have your chance now. How will you make me retire rich and save me fees?

    • Honestly I have not dealt with any Templeton funds yet because since I’ve been in the business the best products we have with annuities are through ING and the best savings/retirement/life insurance products are through Western Reserve Life, although each Preston’s financial situation is different, these are the best products we deal with right now from all of our A rated companies so we would obviously suggest these to our clients before anything else.

      Obviously if one is older, they will have to “invest” more or save more money in their policy in order to “catch up” to their comfortable retirement fund that they would like to have. The policies we use are based on the S&P 500 but are not actually in the market and are not affected by the markets loss and volatility, therefore we have ZERO risk of loss on our investment because of our strategy of indexing.

      The last 20 years the S&P 500 has averaged a rate of return of 9.1%. These policies are also tax deferred, tax free, because it is after tax money you are putting into it, penalty free, and like i said not tied to the market’s volatility.

      Hopefully i explained it understandably.

      Best regards,

      • Hello again,

        Once again I appreciate your answer but unfortunately you have not explained my questions about your fee structure. I saw the various companies that have some kind of affiliation with your wfg. You wrote a few lines above that really don’t have a lot of information contained in them.

        You also touch on annuities. Again a product full of high fees, penalties and sometimes poorly structured for the buyer (customer) of them but a product which is known to make the most money for the “financial salesperson” (you). They are full of terms and conditions that are not beneficial to the policyholder. I could cite you a number of fact based analysis on annuities being a bad deal for most people when all their math, fees and penalties are disclosed.

        Can you not see my logic at all here. You and your colleagues are not supposed to make a $100K a year on the backs of your investors while they do a slow bleed. You need to make a fair amount of money but you have to protect your clients as well and put them in good products that looks out for their interests first – not yours. Do you not understand how that is wrong? I’m almost convinced you don’t have ability to even know the difference between what is right and wrong here. So far you have still not added any facts to your statements, you need to try harder. I’m taking the time to discuss this with you. I get nothing for this – so talk to your co-workers and write something with some merit please.

  36. Sorry Nelson I don’t mean to hijack your post but I’m having way too much fun here. I’m stunned by the responses.

    Renee: what are you trying to say here? I’m looking for a point?

    • Dear Paul,
      The point I was trying to make is that whether your talking about WFG or any other companies, historically companies try to make money of the backs of working class people, just like during the days of monarchy the aristocrats made money of serfs. I was also trying to make the point that historically this can change, and that type of change is not necessarily a bad thing. There’s nothing wrong with not wanting to profit of others misery and wanting to live in a more equal, not to mention, dignified society. When I went to WFG’s presentation I could very well see the type of predatory techniques they use and the vindictive psychology that “Honesty” talked about. In about the last twenty years psychologists and other researchers have been trying to pin down the kinds of things that lead to happiness and have found that “Success” is not about having more than the Jones. If you require a more credible source you could check out a text called Flow, the psychology of optimal experience or you could use academic search engines and look up peer reviewed and scholarly journals on happiness research.

  37. Hey all,

    WFG is legit. The person who started the post has no idea what he’s talking about! He doesn’t even understand why the wealthy take advantage of HELOCs. The rich use HELOCs and investment loans all the time to get rich, it’s an outstanding strategy if done correctly. The problem is advisers that don’t know what they’re talking about give a bad name to good products and a good company! WFG is a franchise. Like any business you need to hire people into your financial firm. That’s how any corporation or business works. Unlike your traditional corporations, WFG allows you to grow with the company. For instance, if you worked at Starbucks and you were a barista the likely hood of you becoming the CEO is 0%. WFG allows you to become a CEO although you start off from nothing! The only people that have something bad to say about this company is the people who don’t even give it a try or don’t understand it and they don’t even get licensed!
    A pyramid scheme makes money through a recruitment fee and constant recruitment. So you’ll have to pay a monthly fee in addition to the initiation fee. WFG IS NOT LIKE THAT! WFG is a network-marketing/multi-level marketing company. Even if you recruit 10 people, you make $0!!! You have to work hard as a Financial adviser and help families to make money! You have to teach your firm to do the same, other whys you won’t make money and they won’t make money! PLEASE BEFORE POSTING FALSE INFORMATION ABOUT ANY COMPANY, DO PROPER RESEARCH.

    WFG is an amazing opportunity. Here’s how it works. You purchase your franchise as you would a Mcdonalds. You have to recruit/hire people into your firm as you would in your Mcdonalds. You have to advertise your products and be competent as a financial adviser as you would with a Mcdonalds, you would advertise your products and produce good food. The only difference is WFG doesn’t cost you $850,000 to purchase. It’s an incredible opportunity. Network-marketing companies in general are awesome opportunities. The problem is that lazy people don’t do anything and then have something bad to say. The fact is, business is business, most of them fail in the beginning. It’s tough, it’s not easy, but the only problem is you! Stop spreading lies about the company. Clearly the one who posted this thread had no idea about anything. What you said about the HELOC was so stupid! You wouldn’t invest it in stocks, that’s number one! That’s too risky! Stocks are even risky for people who are experienced in stocks! I have used the HELOC personally and so have my clients who are investors and have made lots of money as a result; because we knew what we were doing! Competent financial advisers have knowledge of the different products out there, they know what’s safe and what isn’t! The Leveraging loans is risky, you shouldn’t do it unless you have the money to pay the interest on the loan (buy the money) and have the proper investment knowledge to calculate your risks (rate of return of a time period, inflation, taxes although you get a tax-rebate since the interest is a capital loss).

    Please please please stop spreading lies and mis-informing people of this great opportunity. This company has helped so many people out there by making their hard-work amount to something. How many companies do that? Most companies you work your behind off 9-5, 40hrs a week, and you don’t even get a raise. They want you to stay were you are, stuck their forever. WFG pulls you up with your hardwork and teaches you to help other people become financially independent as well!

    • What Lies? Other then your double speak.

      Take all us unenlightened people through an example family that you supposedly make money for that you mention in your post above. So far none of you can, or will do that.
      It’s obvious, you all talk around any facts because your system is based primarily on BS, not facts. Your recruiters are like wolves, 99% of the “recruited” are sheep. In the game of making money someone has to lose for another to gain.

      • Paul,

        Like the saying goes “its better for people to think you are dumb then to talk and remove all doubt.” WFG is legit and an approved FTC MLM. Currently mutiple respectful people such as Michael Jordan, Hulk Hogan, Christopher Gardner, Condeezza Rice, Dr. Oz and many more actually supports it. Secondly since WFG deals with financial services obviously they are regulated by the SEC, FINRA, and and the Insurance Commissioner of the state. Thirdly WFG has 150 companies such as ING, Transamerica, Prudential, Nationwide and many more. Lastly if you saw the actual business structure of WFG the uplines dont get paid immedately when their downlines signup only when solutions are being transfered by the choice of the Client. A WFG members knows they have to make the Clients solution better then the last because its illegal if its worse its called twisting. Honestly I dont see nothing at all wrong with people helping people ensuring they get a more lucrative retirement by switching from a tax deffered account to a tax now account like Roth unless you dont mind giving uncle sam a piece of your gains lol. Or ensuring they have a healthcare plan and life insurance which of course is mandatory by 2014 for all americans working as of PPAC Act. To be honest with you its a sad society where people dont care about making good plans for their future and when their future becomes present they might not afford to not work, not get proper healthcare, and die leaving their families and possible financial burden. Think about that.

      • I agree with you. This kind of scheme was started by ‘Emway’ in India around 10-15 years back. They company made a lot of money by recuriting people to recruit more people (only for a membership fee) on the sidway company was selling its products. I have no complaint about the products of the company but the way it cheated the people by recruiting them and charging from them a fee to sell their products. In other words people were doing a job by paying to the company. This is very smart way designed by owners of the company to earn money. A very few people get their money back (paid as membership to the company). EMWAY is also a successful company but the people who were working for the company, and did not want to listen anything about the company (brainwashed) are getting nothing from the company. Once they established the company business, the company ditched them and now selling its product only. Please open your eye friend , if you are not getting anything from the company (most of you). I am sure the TOP level will not like it but its true.

  38. No this guy is right I dumped a girl who became caught up in it…I had the unpleasure of seeing their brainwashing show and I have my master’s in communications as saw all the tactics first hand. Bleach! May as well being selling land in Florida or Detroit.

  39. Condeezza rice, really now.
    then for sure everything you say must be true.
    You wfg people write the best comedy. This stuff is classic.

  40. Hi everyone,

    We all have our experiences, differences, pros and cons about WFG. Here is a couple of questions I have FOR EVERYONE. I would like your feed back. (Be nice)
    Yes they offer insurance, investments, mutual funds, and annuities.
    Is it so bad to pay for insurance to protect your family just in case something unexpected happens?
    Is it so bad that insurance can accumulate cash value? Money you can take out just in case?
    Is it bad to invest? Is it bad to put money where it can grow for retirement or a college fund?
    If putting money into an investment and making it grow is so bad, why have it at all? Why did they start it in the early 1900s?

    If you think it’s so bad, illegal, or a scam, then please don’t get involved. You have the power to say no or I’m not interested. And just let it be.

    Yes, I am an associate with WFG. I offered a life insurance contract to my good friend. She had the choice to say no. I was not forcing her in anyway to start one. I told her its up to her, and that it’s her money, not mine. She decided she knew she needed it. I will be honest and say I showed her the opportunity with WFG, she declined and I was ok with it. This business is not for everyone.
    2 years later, my friend was killed in a car accident, by a drunk driver. You can’t even beginning how I, her family and friends felt. We are still devastated today. With that insurance contract she had $500,000 death benefit and a few thousand on cash accumulation that is attached. The only beneficiary was her single mother. This money went straight to her mom. Which paid off the arrangements for the funeral, her mom’s mortgage, all other debts her mom had, a new car her mom needed, and had saved extra money for her mom’s retirement.

    If getting insurance is so bad we should just rid of it completely. Car, mortgage, life, and health ALL OF IT! I guess if we do we are all SOL aren’t we?

    Yes, I did the $100 application fee, payments to take the test and get appointed, paid for events that the company was having, and paid business expenses. But anything to do with your business is a tax write off. Yes, it includes gas too. Yes, I do get paid by WFG when we complete a contract of investments, life insurance, ROTH IRA’s, annuities and etc. Which is more than what I spent with the company.

    I’ve heard it over and over again that this is a pyramid scheme. Pyramid schemes are illegal. WFG is state and federal regulated. Yes, the government knows about us. WFG has been around for years and years, wouldn’t you think the government would shut WFG down by now?

    If you think WFG is so bad or a scam or a pyramid scheme, I say don’t get involved.
    I know people out there have been screwed over by a lot of insurance and investment companies. And people have become skeptic and careful. I say, be skeptic and careful! All we ask is just learn what we do because we are different. Then you can make your decision. It’s your life and future. You have the power to say yes or no.

    • Hi Michelle,

      A few questions, are you making money with the company? Were you able to fire your boss and do this full time without the financial burden? How many families have you helped? Did you sell to your family and friends? How many of them signed up as associates or used WFG services? I am a potential client/associate and I also believe if WFG services are able to help my family out, I would want to share it with those that I love and care for. Please advise?


  41. Yes thankfully people do have the power to say no. You also have to understand that there are so many better products out there then the one you described in the above senario for a lot less cost. You bring up one story subtly trying to scare people with your sad story.
    Answer one of the questions I posed in earlier comments. Again you all won’t because you don’t have answers for them. Only hypothetical stories.

  42. Okay, I am a noob associate of WFG. Yeah, I paid the $125 start-up fee. Why did I join WFG anyway? Well, the selling pitch of my
    friend was, since it was a business, I can write off some of my expenses later as “business expenses” on my tax return come April. Im here in Canada. So that is my main reason for joining WFG. Just for the tax write-off. But will it be worth it? LOL. It’s true though, they got my SIN and creditcard info. lol, a litte bit scary that, imho. LOL, so i exposed myself for $125. ohhhh shiiiiiiit! So I guess I have to get another trip to the local library and read again some books about Canadian Income Taxation.

    So after joining, I got this load of e-mail from WFG and all those next requirements, the training, plus the pitch to recruit new members. At that time, I’m already convinced, OMG, screw it, I’m not cut for this sh*t. And to quote a famous movie line, “I did not sign up for this” LOL. Its like buying a stuff (a $50 jean maybe or $99 dollar electronic device that doesn’t work and you cant return it because you opened the packaging whatever) and later you realized its useless or its overpriced but whatever I paid for it. So just deal with it. WFG will work if you will make it work.

    I did not join WFG because of some promises of money being made and all that stuff. Besides I don’t see any way I can muster the strength to recruit 3 people/month or sell financial stuffs. I’ll just stick with my day job, thank you. I have been in some form and shapes of MLM and I failed miserably. After joining WFG, do I plan to recruit my friends and relatives to get life insurance, mutual funds, RRSP, etc??? Maybe… maybe 1 per cent. But then, before I can sell this things, I do need to pay some training to get licensed and all that stuff, so WTF, I don’t need to. I’m not planning to get deeper in the puzzle of WFG. (What I really want to have is tons of money and just buy stocks of TDBANK, Scotiabank, CIBC, Vancity shares, etc then Im set-for-life, but dont bother arguing with me, I know this thinking is flawed since basically Im really saying is I just wanna won the lottery. LOL) Besides they (my friends) already have those for sure, why bother sell them. I would rather research some jokes and tell it to them, and when they laughed, then I’m happy I’m helping them in my own little way.

    Me: What do cats like to put in their milk?
    WFG: What?
    Me: Micecubes!

    *joke taken from a youtube video of Starcraft2 casters Artosis and Tasteless

  43. I work at World Financial Group (WFG). I’ve worked at WFG for 10 months now, full-time. It’s an amazing business. I’ve already made around $10,000 in the business. Every year my income is going to grow because we have an amazing training program that teaches associates exactly how to grow their income. Once I have kids, I plan to do what many women at our company do and take time off work. But the paychecks will still keep coming. The best way to do business at WFG is to build an agency. Then you help more people with their finances, you give an amazing career opportunity to more people, and you grow rich while not having to work. One out of every 79 full-time workers at WFG earns over a million dollars per year.

    • Dear Rasa,

      Before posting yourself, did you actually read any of the other comments?

      Where will you get the “continuing paychecks” from? Where does that money come from? Ummmm… ummm… I can answer that. From the high fees and costly trailing commissions you charge the unsuspecting people you sell the products too. You are missing the whole point of this now 2 year old post. It’s not about you; it’s what’s best for the greater majority of clients purchasing the products.

      Do we live in a culture where we try to rip one another off, and the one with the most money they rip off from others wins? I guess we do. It seems we also try to glorify that now too.

      • Paul N,

        I just joined WFG a last week , and while I cannot yet provide any concrete examples or numbers that you have already asked for many times, I hope that I have joined the right team. The reason I decided to sign up is because I strongly believe in their mission (which has yet to be mentioned) of educating middle class families so that they are able to make the proper decisions for themselves when it comes to their financial future. I think the reason why so many people have had bad experiences with investment and insurance companies is because they had no real knowledge of what they were really purchasing. The way I see it is that the sales that we make are just the byproduct of that education that we offer. ‘Sell to the people who want to buy, and recruit the people who want to be recruited’.

        What I appreciate about WFG is that they didn’t tell me anything about what kind of compensation to expect until AFTER I had signed up. They had sold me on their mission and business model instead of selling me on promises of great wealth. I believe it is when people join due to the promise of wealth when you get those ‘bad seeds’ who are only in it for themselves and don’t mind taking advantage of other people. And yes, I do see this as one of their flaws. I believe they should have a better process of screening people who want to join the company because, from what i’ve seen so far, it is those people who give WFG a bad reputation. And because WFG is based on people building people by duplication, they can become a sort of cancer eating at the body from within.

        As a matter of fact, after they had sold me on their business, I told my friend (who introduced me to WFG) that I couldn’t afford the $125 registration fee, and she was willing to pay for it herself because she also believes our mission and the difference we can make in people’s lives.

        I guess, to answer your question…Are we in the business of ripping people off? No. At least that is for sure not why I signed up. After we educate families and individuals on the basics of financial literacy and the building blocks of a strong foundation it is ultimately up to them to decide which product is right for them. We have no quotas to fill so there is no need for us to push a certain product that may not be suitable for the situation. This is what I have come to learn about WFG so far, and I can only hope to see through my field training that we practice what we preach.

        Oh and WFG itself does not impose any fees to our customers. Our commissions come purely from the companies in which we are opening accounts. The cost to them would be the same as if going directly to which ever financial institution.

        • Hi Vince,

          Thank you for sending me a friendly reply.

          I would like to hear back from you in 3 months and hear how you experience has been at that time.

          A second point would be for you to research the fee’s (your last paragraph) on your own. (prove to yourself how the fee’s are charged and how you receive your commission. A little math and you can see how much the fund provider gets, WFG gets, and what YOU get for your efforts) Google is a great tool for that. Look up terms like “DSC’s”, or “SC” funds for example and what that actually means. Find out how much the funds you try to sell your clients charge in fees. I’m going to take a guess around 2.5% + of AUM. (assets under management) This % seems tiny, but it is not over time. It’s $500 on your first $20,000.00 as compared to a low cost balanced fund of under $200.00 or far less then that with an ETF or two that anyone can find with a little research. So your client needs to make $500.00 in fund growth to simply not lose money. Also that’s $500.00 not reinvested the following year. So very simply here you see how the costs/fee’s to the client compound quickly…

          Good luck with your new job. I wish you the best but go in with your eyes open.

          • Let me straight this up forward when someone complaining something bad happened to them, so I understand and respect your voice should be heard. Anyway back to the topic let me give you an example when someone need to buy a car how the dealership make money from buyer? The system all the same for every company, the CEO of dealership gets most revenue and down to their manager and then their seller. The dealership makes more money from the car’s manufacture itself. Yes? Do you know why? It’s because the dealership labor and service to the clients. Are they scammer ripping off buyer? Yes, they are! People still buy car from dealership like crazy! Their service cost like 20-30 times from the part that people need them to change. Are they ripping off their client? Yes, they are! Another example is when you walk into a restaurant which we all do most weekly when you sat down first of all you have to leave the tip before you leave, and the dish you ordered costs 5-10 times than you buy the ingredient to make it at home. Are they ripping off their customer? Yes, they are! Business is ripping off in variety forms, but that’s the law of living, there is nothing free out there for you. Insurance works the same way, you need to protect then you have to pay. Invest your money in mutual fund like a gambling form, but it’s little safer. You want to generate money you must go thru the broker/agent it will cost you money. We all have home and car insurance. Are they scamming us? You know the answer already. How their broker/agent earn for living? it works the same way.

          • Hello there,

            I must say that is one of the most honest answers from one of you in all the posts here. I see what you are comparing this too. Basically you are saying every business is some form of a rip-off, so why is WFG or PrimeAmerica, etc. more so then any other business? Sounds actually like a fair question.

            I think the car rip off example is pretty decent on your part – you could go to a bad car shop and they could way overcharge you. The food one not so much, as most work on very small margins to make a profit.

            But using your car example is good. People should shop around for the best product, educate themselves and purchase the best product that gives them the best value for their money. This is exactly what this whole post and all the comments here are about. There are choices out there this blog tries to tell people to choose wisely.

  44. It is starting to sound like those who support world financial group never have any specific experience or facts to provide in their comment. All I am seeing is an immense hate on anyone who has a “job” or works 9-5. I am also seeing a lot of vagueness such as “I control my own destiny”. I guess to me, they just seem overly defensive about anything even remotely negative that is said about the ccmpany and will go about calling the poster uneducated and should get their facts straight. It is just suspicious to me.

    I was recruited into primerica by someone I knew (not very well) and at the time I was really thought I would get to help families. When I asked questions about how I’d get paid and if this was a sales job, the “manager” said no, we are not salesmen, we give families advice on their finances. I truly believed that at the time. He also said “you will get paid $1000 just to get trained!”

    So I thought, alright, I could just finish training and get my $1000 and leave… I was wrong. Apparently the “training” was to get at least 4 friends/families to get life insurance with primera and get at least 4 of my friends to sign up as recruits to get my $1000. I did manage to get one friend to sign up for life insurance.

    The story went like this… I had the friend interested and the manager pushed me very hard to get my friends entire family involved in buying life insurance. My manager told me to give the phone number to the “regional vice president” of the office; so, stupidly, I did. The regional vice president made the appointment and went to give his spiel to my friend’s family without me. Needless to say, I spent months afterwards chasing them down for my commission for that. I got many replies of “I will get on it” and “I will look into it”. I just quit after that and I never saw the commission I was supposed to make from it.

    I know this is not world financial group, but all of these, primerica, Edward Jones, etc are all very similar so I thought I’d share my experience.

  45. You made some decent factors there. I appeared on the web for the difficulty
    and located most individuals will

    go along with together with your website.

  46. All I know is that I am worse off financially by being sucked into a leverage investing strategy by WFG. I have lost pretty much everything and owe money on an ‘investment’ loan that is worth far less than the mutual funds bought with it. WFG has certainly left this family behind.

  47. True plus also donald trump also is into network marketing as well as Bill clinton and robert koyosaki if you dont believe me look at it on youtube. Also I know why because it proven that it is the most consistent business especially over time. If you look in the past how many businesses went out just because of lack of solvency. Technically every business is a digit away from going out of business. also you can do a job but im wondering how much money is your company overriding from your work for example at mcdonalds people who work their get close to minimum wage but the ceo get around 9k an hour is that fair?

  48. Lets talk about statistics since numbers dont lie look at how many people retire without the need of social security or from other family members. im not surprised why we are in retirement crisis that been expected. Also wfg as far as services go is utilize 150+ companies to provide accurate solutions to their clients. btw you cant lose money that you invested in because their are associations that will give every dime back its the law.

    • So, Jasper, If I give you $10,000 and have you invest it in an equity mutual fund and the market tanks and my mutual fund investment is now worth $8,000, WFG will give me back my full $10,000? Wow, sign me up, there’s no down side.

  49. @ Richard H

    Maybe “Warrent” Buffet will make up the difference ? What do ya think?

  50. I know wfg sells ffiul which is permanent life insurance which has downside protection meaning your 10k + your your contribution will never go negative. Since permanent is long term and has cash value you can receive cash after a good period of time tax free. Also its invested into s&p 500, euro 50, and hangseng. Also its interest rate depending on market is up to 13.5%

  51. If the worst case scenario happens like death then the money goes to your beneficiary versus lost so there is no downside. I dont know of a better product then that.

  52. Some of these posts are pretty funny. I am not a member of any MLM because I chose to use a different business model. I am a financial adviser, unlike most in the industry, with many years of formal academic training not just prospecting techniques. Everyone is entitled to their opinions but legally and ethically there is nothing wrong with MLM or WFG. I love the posts that talk about integrity and lack there of in relation to MLM. Most people confuse the words traditional with moral or ethical. Meaning, Goldman Sachs, Citi Group, and other power houses are traditional but when it comes to finance their is nothing ethical about what they do. The proof is in the hundreds of millions of dollars these traditional companies have to pay the SEC for ethical and insider trading violations. Yet the uneducated will continue to champion them as the golden standard because they are powerful and their business model is the conventional way of conducting finance. I assure you that some of their agents are out there selling annuities to unsuspecting prospects who do not need them because of the outrageous commish paid out. My point is if you dislike MLM you probably have your reasons but the fact is it is a legitimate business model (as legit as any other financial institution) and your opinion cannot change that, no matter how much you despise it.

    • Hi Michael,

      I don’t think any of you comment really adds anything to the message in this topic. Yes WFG is theoretically a legitimate business. I’m sure it has a business license, and pays all its taxes, and follows the guidelines it needs to be a business. Your basically saying that if one business like Goldman Sachs looks at paying a fine of 2 billion dollars + as “the price of doing business” then they are no better then WFG. I guess I have to agree with that to a degree as well.

      But the point here is (if you did really read all the posts above) is simply to warn people that they have much better choices then WFG or PrimeAmerica and these type of companies and to be vigilant with the way they invest your very hard earned money.

      You “say” you are a “Financial adviser”. Are you accredited? Are you a CFA a CFP? Did you take a sales course in a bank or an investment company on how to “sell” funds to people and they gave you this loosely based title of financial adviser? (Which is a “made up” title in those cases) – There is a big difference. If you really are what you say then you probably should have added that all the people who invest in these type companies would all be better off with a simple couch potato INDEX FUND investment strategy. If you don’t have a desire to learn how to invest and you can’t find a way to weed through the jungle of bad companies from the good, then that is you best course of action. It would be interesting to hear what your other “business model” is by the way?

      The reason people research this subject is to find some answers, your comment is misleading and not helpful. We are not comparing which company is the least ethical here. At least i would like to help people make smarter choices so they keep more of their money.

      I think we would like to hear how you would help the people in the situations above, rather then make comments about which business model is more legit then the other. It’s another non-answer.

  53. I don’t believe anyone here is trying to downplay WFG’s products. Why? Because every other financial company has the same products. But unlike other financial institutions, they are much more heavily regulated because not everyone is their own “boss.” For example, one agent might say “oh this is tax free,” while another agent might say “its tax-deferred.”

    I have much experience with people who work with WFG. Some do claim to be very successful in their business, but how do we know that for sure? How do we know its not “Hey, lets lie about our financials and how much we make so other people can be like us and sign up?” Its easy. They fake it and reel you in because these “newbies” start to idolize these suppose “wealthy individuals.” I know people from WFG that claim they make so much money, but they actually don’t; lets just say I work at the bank and some of these accounts were assigned to me. Many of these individuals flaunt what they really don’t have and suck you into their world. Their lines are always “Hey Bob, you are so well spoken and intelligent and I know you will make so much money doing what I do.”

    Don’t fall into the trap of “OMG I want to get rich so why not do this?” Do we have stats of how many millionaires are with WFG or is this what they tell you? Do you believe everything you hear? In order to make money, you have to take risks, and in my opinion, WFG is not big enough risk to accumulate wealth. Be smart and do it correctly.

    PS. Most of their agents don’t know their products as well as they claim; for example, cash value from life insurance is NOT Tax Free but Tax Deferred, unless its going to a beneficiary.

  54. Paul N,

    I would like to thank you for providing people with actual knowledge and valuable questions. I have worked for WFG but I realized that the products were designed to fill an agents pocket instead of actually helping a family (something every wfg agent claims). I hope people will heed this warning and educate themselves before jumping into this business and ruining their relationships and friends. I hope the best for anyone working with WFG but I hope they keep their eyes open and don’t fall for what they hear.

    • Thanks,

      I have to say this has been quite a source of entertaining discussion since 2011 when this post started. I appreciate that Nelson seems to let me respond here to people. I have seen some people close to me get put into some products not suitable for them. I understand that investing can be very difficult for people to understand to begin with. It does not help when they get pressured into products by recruited agents (which are usually their own trusted friends and family members or the network of “friends of friends” they run with). I have seen these people even “work” wedding parties faking being friendly then going into their little sell routine, one person after another. Like a desperate guy at a bar at 2:00 in the morning looking for a date before it closes.

      Look at post 45 by “Susan” for example. That is what happens to the majority of people recruited. They work hard until they get frustrated and quit.

      Like everything in life when something sounds to be “to good to be true” – question it.

  55. @paul n

    Lol I would enjoy dissecting your plans of success. From my knowledge and experience WFG is a kind of business that is recommended. I know there are 3 types of arthurs 1 is the one that says something and has no experience 2nd is tge one who tried something and failed and 3rd is the one who tried and succeed and it sounds to me your the kind that says something and havent tried therefore what you say is not credible.

    • @ Jason

      I would love to discuss this with you and have you “dissect my plans of success”. I would really like to reply to your comment but I feel the powerful message and clear facts hidden within your words makes it far too difficult for me to respond. Thank you for reaching out to me though with your thoughts.

  56. Where are the comments and opinions of WFG Adviser clients?? Some other blog perhaps? I would like to hear from these clients right here in this blog.

    I have been a bilingual employee benefits and retirement plan educator for several years now – no commission just bieng paid for  my time. I used to sell employee voluntary benefits including life insurance – for commission.

    The financial sales industry indeed has many greedy liars.

    Despite this, I still believe certain financial products are good for people to learn about and purchase.

    I am looking into again selling life insurance and selling investment products that truly help peoples lives in retirement. Life insurance can protect loved ones from financial burden and sound investing can be a great vehicle for putting money to work – when one cant physically earn money due to health issues for example. 

    It is not easy for one to find the right financial vehicles to maintain financially afloat especially when earning power is compromised.

     If I can earn money honestly selling these products, well then its a win win!!  I am bieng very careful in choosing which companies to do business with and along that path I recently attended a  “Transamerica Financial Advisers” event. I’ve heard enough, for now. It is WFG. I have looked into WFG several years ago as well – I am still not yet sold on doing business through WFG.  I heard some great speakers talk about products, and great companies WFG is partnered with, heard from successful team leaders, testimonials about how peoples lives have changed, etc. What stuck with me this time though was the following comment spoken by one of the most respected leaders in the industry… “the most important thing in life is earning power”.

    If course earning power is important and one must preserve that power but to me it is not the “most” important thing in life. That’s a whole other philosophical conversation so I will stick to the WFG topic.

    Seems WFG has indeed made many people a lot of money but I am doubting how well “advisers” are trained on the products they sell.  I have sold life insurance and financial products before and these products can be confusing and complicated. Carrying out a competitive analysis is difficult as well . Anyway, during my sales days, I saw nice people become so greedy that their pupils became dollar signs.  It disgusted me how reps behaved like vampires with their fake friendliness just to win over a client.

    I don’t intend on building a large team or making millions – i just want to leverage my license and ongoing knowledge to help others I meet along my life.

    As far as WFG, if I don’t know a product inside and out how can I believe in it or sell it confidently? How can a client truly trust me if I don’t fully understand what I am selling??

    For me to believe in WFG, I would need to first hear from real clients that can attest to WFGs greatness, that the holes in their nest egg buckets created by a UL or Annuity product for example have reasonable fees, can truly protect market downturns without significantly eating away at gains and paying too much to have that “protection “, etc. Making money from selling a financial product makes sense to the seller but not always to the client. When it comes to investing, it’s not how much money is made that counts, it’s the amount that is able to be kept and able to be used when needed!!  And furthermore, that the “cost of doing business” makes sense in the end to the CLIENT not to the seller. 

    As far as any MLM business,  Amway, MaryKay etc, if you have many contacts who like you and respect your intelligence and advice, then you should be “successful” in any MLM. 

    Just be mindful as to how you measure your success. Have people been genuinely helped or has your pocket just gotten fatter??

    I will investigate WFG further, with a cautious demeanor but most importantly, I want to hear from real WFG clients.

    • Hi

      I was recently invited to an interview at WFG! I am so glad I refused the offer! I am so glad I realized their system and the way they make money! Today I went to the interview. They were very upset because I turned them down telling them I was broke. I really am. However I asked them if there is a way to help the company without making a commitment by paying the membership fee. They told me no, unless if I brought more recruiters… I laughed

      The true is that they survibe by the money they make from new recruiters and their sells. The fact that many WFG agents are posting here proves that they are trying to make a point. People dont usually comment or make posts if everything is going perfect and fine in their lives.

      If WFG was legit we would not have such a big discussion and agents from WFG wouldnt be here trying to make a point. However they must make a point and protect their company because any one who reads this blog is a client/agent in potential. You who are reading this right now is a client in potential and thats why WFG agents always come to these blogs and web sites trying to protect something! If a company works by itself does not cause so much discussion and people do not need to prove anything. However that is not what I have seen here at this blog. Every agent is trying hard to get more recruiters and they have to search for this blogs o try saving their reputation as a company. Lies lies lies…

      Dont let them mislead you before it is
      too late! End of discussion


  57. Why not have a tangible health and wellness products company that is internationally accepted and has started its global market. This will defintely prepare you for retirement by helping people free from sickness and stress in life….


    • That is pretty smooth how you slid in that link for what looks like a Filipino version of an “Amway” type business to substitute for selling WFG products. I have to say this thread never stops giving…

  58. @AAH

    You cant compare wfg to a job because one is business ownership and other is just a job. Can you control your your promotion? Is a job really steady? Can you control where you live with a job?
    Can you leave a legacy for your kids? Can you sell your position at your job? Can you control your job solvency?

  59. Thank you for the very intersting, informative and even laugh out loud funny article. As someone who signed up to work for WFG yesterday I’m now more than a little Leary of losing all my friends :(

    • Hi Charlene,

      Why don’t you take the time to write about your experience and give everyone an overview of the products you try to sell to your clients (and the fees) after a month or two. Explain the products in simple terms and how they help individuals “get ahead” with there own personal financial situations. Who does your recruiter ask you to target as clients? How are you treated? How are you paid? Report back and post some real facts!

  60. Well paul I am a client now a agent I can honestly say that no wfg agent can give you an exact exact number on the fee and pay because we dont own any of the products we just market them for other companies. Each company has their own fee that is paid to us I personally seen ones witg 1% some 4% it all depends on the product given. So far the person who gave me my policy being looking intobmy port folio every montg but he will let me know how much I get after year lapsed. The person who recruited me to target people I meet everyday plus friends and family which is good because I helped my mom with affordable ltc.

  61. Hi whoever you are! Just to make it clear and I hope you did your research, hence my username, PYRAMID SCHEME is illegal in any countries around the world. Now, just so it would be clear in your ‘supposed-to-be’ smart head , if this ‘scheme’ is illegal, how the h*** did WFG survive and get stronger for more that 30 years and Canada and even longer in the US? Also, how come 52+ insurance companies, major banks and professional money managers partnered up with WFG if it was illegal in the first place? Don’t they have their own legal or research departments? For sure, they’ve already checked out the credibility of the company which you obviously did not do since you already have your own opinion regarding WFG before you’ve had a chance to learn anything about it. Just saying.

  62. I’ve been a client of WFG and actually, I still am up to now and plan to be for years and years to come. This is what WFG has done for my family:
    This was our situation: We have almost $117,000 debts: car loan (2 cars), student loan (I took 2 years in college), credit cards and remaining mortgage on our home. Our family in the Philippines is also one of those devastated by typhoon Haiyan so we had to get a personal loan to send money to them. We pay almost $3,000 every month to these debts and our combined income is only $3,700 which means that we only have $700 left to pay bills, buy food etc. We have 4 kids to feed and provide for. So as you can see we really are IN DEEP TROUBLE. We were even prepared to declare bankruptcy that is until a friend told me about WFG helping her family and so I sought them out.

    I’ve heard a lot of negatives about WFG before which is why I didn’t try to communicate with them before this friend told me about what WFG has done for her. This is what WFG did for us:

    - First meeting: they gathered our data (all estimates) just so they could formulate a Financial Needs Analysis Report for us. It was complete. It had everything from our pie chart of our monthly cash flow to Insurance Protection needs to Retirement Plans and even meeting Financial Goals and Dreams.
    - Second meeting (about a week after): They presented us with a plan to manage our debts therefore increasing our monthly cash flow. We agreed and then they presented to us some basic financial concepts (that I think should be taught in school or taught by banks because really, everyone needs to KNOW THIS!!!) so that we can take control of our money from that point on.
    PLAN: Consolidate money by using equity of our home to refinancing. Home was appraised to $ 130,000. We were allowed to use $110,000 (85%) to refinance.
    - Third meeting (about 3 days after): Paid off car loans, credit cards, mortgage and personal loan. What we have left is student loans which according to our WFG advisor is okay to stay since it has low interest, 10 years to pay and interest paid every year is tax deductible anyways. From $3000 paid monthly to debts we are down to paying $1,100 + $150 for my student loans = $1,250. Increase of $1,750 in our cash flow. (By the way, by doing the consolidation, since it was actually done by a bank they’re partnered with, the agent only earned referral fee plus this bank has 3 mobile loan specialists that are solely assigned to handle WFG clients which was great because we never had to go to the bank. They went to our house!)
    - Fourth meeting: Plan for the monthly $1,750 + $700 (left over previous scenario) = $2450. Life insurance, Critical Illness Insurance and Long Term Care Insurance (500k each for me and my husband) $300; TFSA and investments $150 each; RRSP $150 each; RESP $400 for kids; $1,150 left over for everything else.
    NOW: We’re set for retirement (even though that’s still 30 years from now. With money saved up, we can even retire earlier!) Plus if we’re sick when we’re old, we have CI & LTC to take care of us. Our kids won’t have to apply for student loans (all 4 of them). We can go to dream vacations or send money to family without borrowing money (since we have our TFSA and investments). And in case something happens to me or my husband, we have enough protection to cover our kids’ needs.

    Yes, our WFG advisor may have earned a lot from this but hey, she did ALL of these for us. She deserves even more because she not only helped us with our debt problems but also and mainly, secured our whole family’s future, and that’s something we can never repay.

    Although these are not the exact numbers, I hope you get the picture. I spent quite some time writing this up but I would just like to correct those negatives about the company because from a client’s perspective, WFG has done nothing but good to us. I have nothing against those who may have had a bad experience with the company, but really, if you look twice or if you keep an open mind and just listen to what they can offer, it’s worth it. I have just become an associate in WFG 2 months ago, quitting my job in a financial institution after saving up enough money to spend during the start up of my business in WFG. I have already started helping people that are in my situation and already building my team. I know it definitely won’t be easy and there will be even more challenges coming but I’m ready for this journey because WFG has prepared me for it.

    • WFGClient and DoYourResearchPlease are the same person, just in case anyone gets this far into the comments.

      • Hey Nelson,

        I suspect people are researching WFG on line using their browser before committing money to them. I suspect more then one person has come here during their search. More then likely this blog and it’s comments have caused a headache for their recruiters / salespeople. Thus the crazy comments and the spam comments seem to be an attempt to clutter up + hide whats really going on there.

        It’s pretty sad that someone would select several made up user names and post hypothetical comments to try to further one’s cause. When you have to resort to tactics like that it seems that someone is trying to hide something. At least be a little smarter about it and use two different computers and locations to mask that your the same person .

        I also have to say the math is quite unique in “WFGClients” write up.From $117,000.00 in debt to paying everything off in “3 days” except student loans? So now they are $227,000.00 in debt (owe twice as much as before) I assume (and hope) with a lower interest rate having tapped the only equity they had and borrowing against it.? But now they have some “amazing” insurance products and can put money away in their TFSA’s and RRSP’s, and RESP’s so they “are set for life”? I’m shocked they didn’t throw a cute puppy that never grows old in there as well to top off that sweet deal. Wow… really? Great plan???

        As I have said in comments above everyone please do your own homework. If your in a bad situation there is no magic fix, and some people will throw you an anchor before they toss you a life saving device in these situations.

  63. Look, it’s real simple. WFG is owned by Transamerica Insurance Co., which is owned by AEGON a Dutch, global insurance giant. .

    All products sold by WFG reps require a license, either insurance or securities. Many WFG reps do not sell securities and hence do not get or need that license.

    Every insurance product sold by WFG in Texas is approved by the Texas Department of Insurance. That agency is comparable to the Department of Savings and Mortgage Lending (Mortgage Loan Officers and Mortgage Bankers) and the Texas Real Estate Commission (Real Estate Brokers and Agents, Appraisers and Home Inspectors.

    To sell insurance you have to have a license as do all the WFG reps, State Farm, All State, Famers and all of Flo’s friends.

    There are basically three approaches to the business. You can sell products (like State Farm, Farmers and MetLife), you can build a team and you sell nothing but help your team to sell, or some combination of the two. You can work part time, full time, or some time.

    To make a lot of money takes a lot of hard work. Dave Ramsey says you have to live today like nobody else to live tomorrow like nobody else. Stated another way you have to work today like nobody else to live tomorrow like nobody else.

    The biggest problem with WFG is that many people simply don’t believe you can make $50,000, $100,000 or much more building a business where you initial investment is $100 for a background check. If you had to invest the same amount as what a Subway franchise costs you would treat your business the same way, you would work to make it a success like your life depended on it.

    At WFG there is no quota, you do not have to have your own office, you can work part time, you can choose not to sell directly but have a team memember make a presentation, you can refer prospects in other cities around the U.S. and Canada to a successful WFG leader there and still earn money. There are so many ways to make money.

    WFG is a direct sales organization which utitlizes personal prospecting rather than pay for tv and radio advertising. It has worked for them and the WFG sales force. 1 out of 2 WFG reps makes $50k a year. 1 out of 4 makes $100,000 a year. And you can build from there. What are you making now, and what job security do you have? If all is good, good for you. The average job today lasts only 4.4 years.

    Ultimately every cent paid to a WFG rep, directly or indirectly, comes from the sale of state-approved financial services products.

    In the U.S. you have the option of trying to get a job in whatever field you wish. Obviously, some fields have greater income potential than others. If WFG doesn’t appeal to you, and you don’t think it’s important to provide protection for your family, help your kids with their education or have enough money to retire comfortablly, that’s up to you. On the other hand, if you are a person of means than you may already have those issues covered. Good for you.

    It is interesting to note that business people who are already successful usually become successful with WFG too.

    No one is dragged to a meeting. If you are invited and choose not to go, no problem. If you know someone looking for work but don’t want to tell that person about WFG, no problem. You get to make all those decisions.

    WFG is not for everyone. Pick something that works for you. WFG is an business that you should look at since it doesn’t require a college education, there are no expensive training programs that you pay for, and you are licensed by a state agency.

    What you accomplish in life is up to you. You can change your life if you change the way you think.

    • Hi Frank,

      Again you are addressing this topic from the view of a recruiter / WFG manager. You need to read the original post way up at the top. Is WFG the right product for the everyday person who would be your target clients? Or your friends and relatives? 99 out of 100 people WON’T look at this as a, so called “opportunity” to create a magical money making business for themselves. The 99 people would just be lured into investment products and insurance and loans that may really not be suitable for them. 1 person may have an incentive to go on and be a $50 or a $100K salesperson as you mention.That money is made from the 99 people paying commissions to WFG who do not want to be a recruiter or salesperson.

      A good number of folks don’t have enough investing knowledge to pick one investment over another and put blind faith into a person who looks and acts like they are selling something worth buying. From most of the comments from recruiters here like yourself, you either have no real investing knowledge, or you do and you deliberately ignore the real needs of your clients and just sign them up in the “grand plan” to the benefit of yourselves.

  64. You all be wrongs and foolin yo self if you thinks WFG isnt the shizzle fo heppin out hard workin folks. I aint got no college edication, but no i be having docrors and lawyers akin for financial adcise because i am a fincial professionel now. Dont be knockin it till you become a pro like me. Trust me, gives financial advise real good.

  65. TFA/WFG Agents must study hard and get licensed under strict lawful guidelines to be able to sell insurance/financial products. TFA/WFG is targeting the 95% of people who need financial product education and guidance. Most broker/dealers try to focus on the 1%! Insurance and investment products are NOT just for the rich – all of us deserve a piece of the pie. All of us deserve our hard earned money to work for us with little to no risk! Education and sound guidance is always the first priority in helping the 95%!
    Here’s my request …can I get MORE REAL TFA/WFG CLIENT TESTIMONIALS to post here? If not here then where are they?

  66. Dirk J is freakin’ awesome! You go Pimp!

  67. I can share my experience with WFG. I was a WFG associate for more than 2 years. I can’t say that it is scam. We can make money depend upon our commitment to recruit. It is a pyramid scheme, but everybody can get the same opportunity. My opinion is
    if you are not good enough to recruit people it is impossible to do such a kind of business. I quite this business only because I am not good enough to recruit, convince people about the benefit of the business and the insurance.

    • @ susan

      Don’t blame yourself they have an 85% drop out rate, so approximately only 1 of every 10 people become a “successful” recruiter.

  68. One on my friend from NY invited me for seminar at WFG. Hey Paul, after looking at your comments and you trying to aware other people, can you please show me other options beside WFG. I just graduated from Baruch College in Finance and been looking for job since 7 months. I don’t want to be recruited by any company. I don’t like recruiting company. Please help me find job.

    • @ Nancy

      I went on your College website to try to get an idea of what courses that college teaches. They have a long list of some pretty prestigious companies that students from that college were placed at. I don’t know what you majored in, so it is very hard to direct you. Did you try the colleges placement dept? The first question to also ask is what part of Finance/investing interests you? Then consider which companies best fit your area of expertise. I wish you the best of luck.

      • So that means you can not help me. I am still looking for job. If my college would provide me a good job, why are we here jobless. Many people graduate from this college still in same place. What kind of company is legitimate business? I went to metlife, new york life, primerica, wfg, NILICO, every financial institutions looking to recruit me. Whom to believe and whom I trust? Are they all the multilevel things???

        • Hi Nancy,
          I’m sorry to hear about you employment situation.
          There are so many factors as to why this is unfortunately very common place indeed.
          Baruch is a very well known school…but as you eluded to….my cousin couldn’t find a job for nearly a year after graduating as well. Long story short…he relocated to Toronto, Canada in order to find employment and to pursue his business aspirations.
          Are you located in the New York Area?
          What is that ideal position/career you are looking for?

  69. My father is Scammer. He is also multi level marketing.

    Father(head) (Boss) doesn’t work

    1. Oldest Son. 2. Youngest son. 3. Daughter. 4. Mother
    Makes $2000/mo. Makes $2500/mo. Makes $2200/mo Makes $3000

    Since my father doesn’t work we have to support him. We pay for his food, rent, clothing and for everything. We feel like we are working so hard for making him rich.
    What has happened to the world. Even my family is affected by MLM.

  70. Wow what a conversation! Thanks to everyone for their experiences and thoughts – both the PRO and ANTI WFG folks for taking the time to share.

    I went to my first WFG meeting on Saturday May 3, 2014. I must say I’m very intrigued by the business model and willing to invest the $100 to learn more. Seems more than fair as they have a business to run too. The only other cost is for the licencing test (about $300) so as far as I’m concerned the training is all FREE. There was a room full of associates who were dedicated brand ambassadors, so it clearly works for some.

    I have a full time job in Communications but my one true love has always been money – how to make it and how to save it! My friends and family come to me for advice ALL the time. I’ve convinced many of them to save for their future, suggesting no-fee chequing accounts and tax free savings accounts (Canada) and always finding innovative ways to cut their expenses. I know it sounds cheesy but I actually want to help people! I bought my first house in September 2013 (and it was not easy) and it felt amazing and I want to help others do the same by saving for a goal.

    I’m a tough sell though. I will scrutinize all WFG products (I’m aware they are other big company’s products like TD and BMO which makes me feel more confident) and compare them to 30 others. I will definitely not sell people crap. My goals are to actually help people with their finances and the key to that will be increasing savings and putting them into the right investments. If one of the side effects to this is making money and developing this natural talent in the process, so be it! haha

    I also plan to document the entire experience, including REAL life portfolio examples on my Finance Blog, i will update you all with progress in the coming months.

    If anyone has another other tips on how to begin a career giving financial advice (in Canada), I’d love to hear your suggestions!

    • @ FinanceDiva

      I must say I am surprised that after just one introductory meeting you chose words like – “a room full of associates who were dedicated brand ambassadors” in your mail above to describe other attendees? I will look forward to your findings and I will ask a lot of questions.

      Be very interesting to see your numbers spelling out clearly all the fee’s and interest rates on leverage loans etc. on mutual fund purchases. Just how working for/with WFG is beneficial for the average Joe? How is it different from an Edward Jones, or Investors Group or Prime America or even compared to a fee only financial planner?

      Also you make reference to your “Finance blog”? Why would you not post a link here so we could have a look at it? I did find a “Finance Diva” website out of Washington USA. Is that you?

  71. World Financial Group aka WFG

    is a multilevel marketing pyramid scheme/scam like so many others

    Amway, Herbalife, Nu Skin etc…

    If you make most of your money recruiting new recruits
    then according to the FBI website then you are probably involved in
    an illegal pyramid scam….

  72. Whoever started this topic? Can you tell me if we need to do any business in USA, what are the processes? If you are dumb better don’t bother commenting or else you can comment. Give some good suggestions. I want to open a coffee store in 50 states with the same name. To do chain business, is it term as multilevel marketing. Because I know I can not work by myself in all those stores, I need to hire people or look for business partners.

    By the way Paul, what’s your background? Did you go to school? Learn about the laws on what kind of business is not called scheme.

    What is pyramid scheme?
    What is multilevel marketing?

    If anyone can answer go ahead.

    This world is full of competition guys, you don’t even know what one people from one financial institutions can do to make other institutions look bad.

    Believe in yourself. Those people who are asking for help, are you guys old enough to make decisions for yourself or depend on others to make decisions for you.

    Don’t be dumb for some reason when people tell you what you should do?
    #paul you are a loser.
    You are destroying many people’s life, where they can at least live their dream and here comes Paul to destroy it.
    Grow up Paul. Find better job. You can never be an entrepreneur, you will be always serving your boss.


    • @ Dumb Paul or Paul is Dumb

      For a starter you really need to be clear who you are directing your comments too. Once you figure that out, maybe string together a few sentences that can actually be understood. All your doing here is writing a lot of unhelpful nonsense and not presenting any facts (again). There is nothing of any value that you wrote in your comment. My question to you is the same as the others, clearly specify how you bring value to the average person. Stop throwing out poorly constructed catchy phrases and personal attacks – you only make the case for your business even less legitimate.

      • What is your intention to come up with all these nonsense? I don’t want to read all your nonsense stories. Put it to the point.
        If you think you are helping other people, on what basis?
        If you are helping others with legitimate points. Just stop all your nonsense and say sorry to those individuals who want to change their life. God will forgive you.

        • I have explained myself clearly, but you continue to write nothing of value. But I am looking forward to it.

    • FYI everyone, Nancy and “Dumb Paul or Paul Is Dumb” are the same person.

      I know Paul is a big boy and can take it, but don’t insult my commenters. Just go and recruit 64 people underneath you and make $4.3 million in your pyramid scheme.

      Oh, and I guarantee Paul has a higher net worth than you do. But hey, keep insulting him. He’ll laugh all the way to the bank.

      • Thanks for having my back.

        I deliberately refrained from digressing to that level of discussion. (wasn’t easy, a little bit of using the delete key). I really felt that commenter is actually more intelligent than “he/she” was letting on. It’s just another thinly veiled attempt to trivialize / belittle some of the good comments on this now almost 4 year old thread. I can only imagine that people considering investing or being recruited by wfg type organization do a Google search, wind up here then ask their “recruiter/advisor” some unexpected questions. Then the recruiter probably asks how they came up with those questions.

        The result are these wild anonymous postings and previously the spam that you must have cleaned up. This has turned into a great information resource for people if they are willing to read through it all. It’s sad to see these desperate attempts to undermine the messages within it.

  73. Hey guys, no offense to anyone, you guys are educated. We all are learning here,.

    Simply tell us what is Pyramid scheme?
    And how can we differentiate if the company is pyramid scheme or not?

    I am not particularly focusing on WFG but any other companies out there in the country.

    How can we check if the company is real or regulated by government?

    If you guys can help on to this, that would be the best way to learn something from you guys rather making dumb comments between eachother.

    • Yes! I agree!!!
      Many of us just want to know of any good, legal companies out there!

      At the end of the day…..every business and organization has a pyramid structure…..for me it’s all about finding a legal business that provides a level playing field and provides a viable product or service for the most part.

    • You can read an interesting story about how a Pyramid Scheme almost destroyed an entire country here: https://www.imf.org/external/pubs/ft/fandd/2000/03/jarvis.htm: “In a typical pyramid scheme, a fund or company attracts investors by offering them very high returns; these returns are paid to the first investors out of the funds received from those who invest later. The scheme is insolvent—liabilities exceed assets—from the day it opens for business. However, it flourishes initially, as news about the high returns spreads and more investors are drawn in….When investors try to get their money out, they discover the truth about the scheme, whose demise is swift—and usually accompanied by acts of outright theft by the operators, if they are not caught first.”

      So it’s not a Pyramid Scheme if you are selling an actual product that is real and tangible. This is why MLMs like Arbonne, WFG and others are not shut down immediately. With most MLMs you make money by recruiting new members so it’s a Pyramid structure (not a scam). But regardless of what you are selling eventually the market will be saturated, and that’s when the people at the top will no longer be able to bring in new sales people and the whole thing will crumble. Especially if you are selling something totally worthless because once the recruitment income is gone, there is no where left to make any money.

      • This is what confuses me a bit. You stated that you make money from recruiting others…..and that is what concerns me.

        There should only be money made if services or prouducts are exchanged…..not off the actual recruitment of others.

        It think that is a big part as to why many have issues with the MLM industry.

      • @ FinanceDiva

        You wrote just above :

        “I also plan to document the entire experience, including REAL life portfolio examples on my Finance Blog, i will update you all with progress in the coming months.”

        Please give us a link to your “Finance Blog” – I think everyone is really interested in visiting it!

    • What is pyramid is the same person as Nancy and Paul is dumb. Can you do us all a favor and stick to one name? This whole name switching thing is really hurting your credibility.

  74. WFG World Financial Group is the biggest scam going.

    It is a multi level marketing pyramid run like a cult.

    The people working there are uneducated and know nothing about financial services and products.
    I have met some of these people at WFG….gardeners, garage attendants fast food workers , HS and college dropouts etc….
    I would never take advice from or buy any financial product from these people,

    Google World Financial Group fraud and get like 50 million hits on the Internet.

    WFG hires any warm body that will pay them some up front fees.
    And, then they try to commandeer your own personal contact list
    and scam everyone on it and not pay you using your contacts as some sort of perverted initiation rite\
    where if they sell them, ,they get paid and you get nothing but a pat on the back lol!

    WFG sells people lousy VAR (Variable Rate Annuity) Insurance products
    that most experts state are terrible products for most family’s financial portfolios.

    Forbes magazine and other experts feature numerous articles by experts stating how terrible these products are.

    WFG aka World Financial Group sells very “high load”, and very high commission products
    that have terrible returns for the clients.

    It is good for the sales person if you don’t mind splitting your commissions
    with an upline or downline of hundreds of people doing little or no work.
    (A sales job for suckers).

    Read the fine print people!!!

    World Financial Group’s VAR polices are subject to change without notice,
    You could end up with a “cash call”
    or a negative value policy Or, as recently happened, the insurance companies
    writing those VARs just sent out letters and completely changed the terms\
    of those crappy policies to benefit Wall St companies and to rip off the so called policyholders/suckers
    paying the exorbitant premiums..

    VARs are only loosely called insurance policies.
    VARs are vehicle for Wall St to day trade with your hard earned money
    and to use suckers who pay these premiums.

    They are after your address book, your family, your church and business contacts
    to keep the multi level marketing pyramid scheme going…..

    Don’t be a sucker!!!

    Avoid WFG aka World Financial Group like the plaque,

  75. TO Paul N and History8888

    You guys state why WFG is so bad but fact is at least they are offering a solution for people to get out of the hard economic times we are faced today. Fact is people who work for mcdonalds and other corporate companies face harder economic times because the huge difference in payouts between the worker bees and the CEOs of the company.Fact is Social Security is not going to be with us in the near future and pensions are less likely as well. So if a person wants to do WFG they i say let them. However if you have a solution to help people out to make them more income or receive the financial need then write it down. Like they say Money talks Bullshit walks. Its ok if people start from being gardners or whatever people dont grow success over night and they start somewhere. Fact is as many times you write negative things about WFG they are growing by the thousands. from 20k to 40k members and rated top producers in mutiple companies such as Nationwide, Transamerica and ING. Also fact is there are mutiple old people that attend real estate events and other business opportunites because of the fact their jobs didnt give what they promised them which i have seen with my own 2 eyes. So if you want to write something bad then give the readers a solution unless your the ones in the intentions to see people struggle.

    • WFG is fools gold.

      You are selling crap product for some of the worst offenders and money losers on Wall St.

      It is the Amway Insurance company or Herbalife Insurance Company or Nu Skin Insurance company.\

      A few at the top of the pyramid will make money just by recruiting so many people to sell one or two crappy insurance policies.

      The next market correction and people stop paying on those overpriced, overrated insurance policies in name only
      and you will be SOL…..

    • Hi jasper

      Nice to see you are back writing here again. I think we have been through everything already back in January. If you look at my posts 25 ,35,44 and 53 you will see I already covered most of your questions.

      I still particularly liked your comment from January 5th comment 49 above. Something about how you can’t ever lose any money with wfg? Apparently there is a new law many of us weren’t aware of.

      To me you really sound like you could actually be the type of person who would benefit from a few real financial courses and training. You wouldn’t need me to finally make you understand the difference between what’s right and wrong.

      Spend some of that money you are earning from wfg and learn the “solution” as you call it from a third party – maybe a college course? You wouldn’t believe me anyway.

  76. Well bottom line is since last year I have personally witnessed alot of success from the associate side and client side and payouts from both ends for example a woman named Gina got paid 750k because she helped a multi millionaire and she joined in after me and another family who had a father who past way payed out as well from 2 products that he purchased. Secondly Paul n I read your previous post it does seem to give a full solutions on those there seems to have alot of holes in it. Especially for Average Americans. It’s ok you don’t believe or not but looking at other competitors we are way better. For example Farmers insurance they recruit too but gives low percentage to their agents and only sell there products, state farm they have horrible products but is an hourly job which it makes sense to balance the production they make. North western and many others are like wfg they go to friends and family first. Btw we have downside protection on many our products which means when market goes down you are at only 1%. The person who referred me to wfg is the president of Transamerica 8 division and he once thought like you Paul n. I think you need to use your money and look more deep to wfg with an open mind or you can do the poor way (Passing Over Opportunities Repeatedly)

    • You know the other day when I saw History8888′s comment I knew that would bring out a lot of the wfg types to the “rescue”. Frankly I expected more…

      Hi again jasper,

      You don’t have to worry about my financial situation. I’m doing just fine.

      The problem is you have nothing to compare your wfg products too. You have said they are better then other MLM type products. That’s like saying you came in 20th place in a marathon and said you were better then 30th or 40th place.

      Anyone can do better investing with a simple index fund or two then with wfg or primeamerica etc. maybe start by learning about what that is. Go to Vanguards website for example. There are no crazy fees and over the long term anyone can invest simply and easily with a minimum of effort.
      What you don’t understand is you need to absolutely minimize your fees. Your clients need to understand that but it’s a subject that is fought fiercely, to be hidden by the financial industry.

      There are a lot of great books you could read. Just go to Barnes and Nobel or BAM one Saturday go to the investing shelf and sit down for a few hours and relax in a chair there.

      Maybe start with “the investors manifesto” William Bernstein. Or his 4 pillars of investing book.

      Or maybe “all about value investing” there are a series of “All about investing” books. Trouble is some of them are pretty boring. There’s actual real math and thought in them. No ra-ra smoke and mirrors stuff your used to. But it’s pretty straightforward and you can learn the difference between getting “hosed” or what you should expect from investing smartly. Keep away from Jim Cramer’s books and Robert Kyosaki. They are not helpful other then for entertainment.

      Cost you virtually nothing to sit in a book store (while there still are bookstores) with a coffee and read. But jasper, if you do this and take some time to learn more… Even you too will see I’m right.

      Also have a look at this fee calculator and play with it. It’s very simple.


  77. Jasper, you are better off taking some business courses

    and finding an entrepreneurial activity for yourself or with others that you meet and network with
    that is not an MLM Pyramid Scheme like WFG.

    WFG is “fools gold” for suckers only.

    The guys at the top of the pyramid make money
    because if they can get enough sheep to sell and recruit for them, no matter how crappy the product
    and no matter how bad it is for the customers/consumers then they will make money.

    The people in the middle or at the bottom of the MLM (multi level marketing pyramid scheme)
    become slaves 24/7 on the WFG Plantation.
    They constantly work recruiting and burning out their family and friends and tread water for years
    (many lose money on WFG and other MLM pyramid schemes)…

    I have read online surveys of people working for MLMs and World Financial group
    that show the drop out rate is very high and the average income is very low and the hours put in are very high
    for these type of schemes…

    • HISTORY 8888, learn something.

      I don’t think you really know about what is pyramid and what is multilevel marketing.

      If you make money recruiting, it is multilevel.

      By the way WFG doesn’t make money by recruiting. WfG doesn’t have their own product you dumb assholes. I recently got Index Universal Life. Do you guys even know what kind of product it is?
      Check this out you dumb people.



      Watch it 100 times, if you don’t even understand anything from this, read this book
      ” the retirement miracle”

      By the way if you want to google, Google Transamerica, ING, Pacific Life, Prudential, Nationwide, John Hancock, Wfg is offering the services from these companies.


  78. Well history8888 you probably heard this before but when you assume you make an ass of u and me. I have taken business course currently I have a master in business administration. Now I’m working on being a CFA. All can say is I noticed you read any good books lately because if you did you can see how huge this company is. I know for a fact that your reviews you read are outdated. All I have seen is success. Like NY times and nielsen market research says that word of mouth is the best form of advertising. Let me ask you a question how can I deny there is success in WFG when I have seen it my own 2 eyes?

    • You have an MBA and working towards your CFA? I call total BS on that statement. You wouldn’t post what you did if that were even remotely true.

    • I am very educated so don’t BS me.

      • More you are educated, more dumber you become.
        Read the retirement miracle book and you will know more.
        Do you even know what is 401k and how it works or do you still Google it? Or how life insurance works?

        Do you know how long WFG is in the business? Do you sometime wonder, it’s been such a long time for wfg doing business. What is government doing?

        You people think it is pyramid scheme, it is only you who think it is scheme, not the government.

        • @Nancy

          Is that why you hide under several different fake poster names to make yourself sound more legitimate? You really don’t help your case at all. When you write something here try to stick to facts and actual events. No one is attacking you personally, so we would expect the same from you, particularly if you want to be taken seriously at all.

  79. Paul N

    Since you can easily claim that I don’t have which I do. Like I said I got an MBA and now working on my CFA because of WFG I’m doing it. Just so I’m more equipped in the field. I can now easily say as you did that whatever you said is all bunch of BS too. What makes you words more valuable then mine?

  80. Funny thing is whatever history 8888 says is bunch of BS because fact is most wfg associatescreditentailst sell VAR because they don’t have the license that’s required to do so. I personally don’t because I make great money without it. You have to be federally license to sell that if not then you can’t get paid. I have already read alot of investment books already. It’s ok Paul you will never understand because something clearly crawled up there and died. Nevertheless I’m still making great money in WFG and positively changing lives. Last question and ill end with this should I listen to 2 people who I don’t even know their creditenials are or should I listen to the government officials, Robert kiyosaki, Warren buffet, bill gates, and Donald Trump who promotes network marketing.

    • Clearly when you put your fingers on a keyboard nothing but magic comes of it.
      Maybe you should be studying for your “CFA” accreditation instead of misleading everyone here.

      Your deliberately trying to draw posters into meaningless discussions to deflect from the message here.

      Go make your millions. Maybe we will see you and warren on a talk show one night discussing financial strategies.

      • Hey paul, let’s forget about how much you make or how much others are making?
        We know the fact there are lots of people who are MA graduates and are still looking for a job.
        Just give 1 simple reason why people should not do WFG?
        1. Is it because WFG is one of the fastest growing financial industry? Or
        2. While many other companies such as NY life, metlife are cutting down the agents while in WFG agents are increasing.
        3. You work with some other financial firm and trying make WFG look bad?

        Don’t you know WFG is legitimate business authorized by Government of USA to do Business?

        Go to http://www.bbb.org and look for any other firm not only WFG.

        • “Nancy”
          There are 100 reasons above this post that already answer your first question.
          1 No
          2. can you send a link to a website or graphic that shows that?
          3. No – again read above I explained why. (Many times over) You just do not wish to listen. In fact I would not be surprised if you are just a wfg employee that hides under different names and just trolls around websites to suppress information. You should go into politics with your non – answers

          Your last point doesn’t make it right – I also never claimed it wasn’t legal you need to read who wrote what here and respond to the right person.

          • So if I show you the facts about other companies cutting down the agents, will you shut the fuck off and never start blogging?

    • You toss around famous names like you are making some sort of salad.

      I have read many books and articles by and on all three of the guys you have cited

      Warren Buffet (the real deal)

      Trump( more of a self promoter who gets heavy government subsidies, father was rich and gave him what 40M to get started
      How many times have his companies, casinos and housing developments been in bankruptcy?!)

      Robert Kiyosaki

      (don’t waste your money on his books

      they are for entertainment purposes only and don’t have anything of value for real investors.
      He is one of the many who make most of his money on books, tapes and seminars)…

      Buffet has never endorsed MLMs or pyramid schemes….

      Trump and Kiyosaki will say anything if you just write them a big check to do so….

    • According to my research WFG’s top products are high load, high fees VARs.

    • According to my research

      WFG’s top selling products are high load, high fees VARs.

      • How do you research about the products?
        And again WFG doesn’t have its own product?..
        Do you understand english?

        • You just outted yourself as not knowing what you are talking about

          and not qualified to advise anyone about financial products, their financial future or your company.

          There is a plethora of information written about WFG and its products and practices.

          Its predecessor company faced so many fraud lawsuits and regulatory disciplinary actions
          by they SEC

          that is had to close down, change its name

          and re emerged as WFG..

          US based predecessor WMA, associated with fraud, misrepresentation and false statements, and the subject of class action lawsuits, and National Association of Securities Dealers (NASD) disciplinary actions.

          Some state securities officials, including those in Iowa, Alabama, Missouri, Utah, and Minnesota, have filed lawsuits to bar inappropriate sales practices by World Group Securities (WGS).[48][49] There is also an ongoing investigation of WFG(Canada) by the Manitoba government

          • Are you a financial advisor, who knows everything about what one company offers?
            Or just googling everything?

          • WFG is licensed to sell other companies products.

            Most of the products WFG sells are high load high commission VAR annuity products
            and they have been in serious trouble selling those inappropriate products to Seniors
            and Baby boomers….

            The Courts are booming with lawsuits against WFG and its agents…

      • Winners find the way to win, lovers find the way to lose.

        Losers try to find easy money, winners always work hard to make money.

  81. Guys
    This blog is scam. People wants to make money through blogging and they want more people to come to this blog so that they can have more views.
    Make some blog that can help other individuals not your pocket.

  82. Anything you want to know about any firms, if it good to work with it.

    Research http://www.bbb.org
    It is the Better Business Bureau, regulated by government.

    Don’t fall under the crap words people like Paul or HISTORY8888 or whoever the negatives are.

    It’s your future, work hard to achieve it.

    • You still have nothing of value to say do you? When someone has exhausted their points they go on personal attack like you have here. You have no credibility at all. There is No “future” with your methods.

      • I am just teaching people what they are supposed to do.
        Don’t you agree Better Business Bureau is regulated by government and you can find more information about any company.
        Don’t you think this information can help understand other people where they are getting into?

  83. Well History8888 your research is obviously wrong if you looked up in FINRA.org (Financial Industry Regulatory Authority) NASD Rule 1032, it clearly states to sell VAR you have to have Series 6 which is an advance License for any WFG member which cost at least 1k to take exam if I recall correctly. What do you consider highly educated? Just fyi everything you are saying history8888 are lies and sounds like your what they call a hater. Also if we were a scam why not arrest all of us at the convention we attend to every year for the past 20 years in las vegas. Also Im done talking about how ethical and compliant we are. So I will let these respectable men say for themselves.

    Watch “Tom Donohue, President and CEO, U.S. Chamber of C…” on YouTube
    Tom Donohue, President and CEO, U.S. Chamber of C…: http://youtu.be/mjtL29rsQPE


    Watch “Thomas Leary, Former FTC Commissioner, on Direct …” on YouTube
    Thomas Leary, Former FTC Commissioner, on Direct …: http://youtu.be/ldb3Um7UhQQ

    Watch “Dick Chrysler, Former Congressman, on Direct Sell…” on YouTube
    Dick Chrysler, Former Congressman, on Direct Sell…: http://youtu.be/ojCFFYx664I

    Watch “Beverly Baskin, SVP, Council of Better Business B…” on YouTube
    Beverly Baskin, SVP, Council of Better Business B…: http://youtu.be/BUSGh83p1_0

    If you read Warren buffet book The warren buffet way he says it’s best investment he ever made

    Watch “Steve Jobs explains the rules for success” on YouTube
    Steve Jobs explains the rules for success: http://youtu.be/KuNQgln6TL0

    Which goes hand in hand with our success.

    • You do realize that it isn’t so much the direct selling stuff we have a problem with, right? But thanks for the links to all those Youtube videos nobody will watch.

    • @Jasper

      I have been refraining from posting here for a while. What is the point. There has been no points or contributions lately that have been worth reading or following from the “direct selling” products side. I figured i would just let “Nancy” continue to stamp his/her feet until he/she got everything off their chest. No point to debate with the unteachable.

      I just wasted 5 minutes of my life watching a few of your above “inspirational” 1:30 sec videos. They have zero facts or substance. They are the type off “Ra-Ra” videos you would play to try to motivate people into some kind of recruitment, but they are not specific to really anything? Just a shiny penny to look at. Wow 13 views in 3 months – That has to be some kind of record number of views for you tube. Probably my one view and 12 more by you watching it over and over again.

      Facts please.

    • You are completely taking things out of context and misleading people regarding MLMs
      and pyramid schemes

      that have never been endorsed by Warren Buffet, Steve Jobs, Bill Gates
      or any of the famous people that you cite.

      None of them made their fortunes on MLMs and pyramid schemes

      MLM pyramid schemes have expanded to Asia and Europe only because
      North Americans have become smarter and have rejected the get rich quick schemes
      where 80-%-90% make little or not money and drop out of the WFG MLM pyramid schemes……

      • History8888

        Do you know how long WFG has been in the business?
        Do you know how long Transamerica been in the business?
        Do you know how long Aegon is in the business?

        I am sure you were not even born while this companies started doing business in America.

        Your MLM stuffs or Pyramid Stuffs, keep that to yourself and try to climb the cooperate ladder, while many people who have fortune to go WFG will be building business.

        • Fortunes are made in real businesses and not multi level marketing pyramid schemes.

          The jails and prisons are full of fraudsters who operated multi level marketing pyramid schemes
          like WFG….

  84. @peter

    I will be honest I was hoping you reflect on what you wrote because it seems to me you are being exactly that unteachable and you been stomping on your feet for the past 3 years against wfg without any real research or personal experience. Also here is some statistics that you research on

    There are more people born then die

    Because of technology and medical advancement more people live then die

    Because of those 2 alone eventually the job market will be depleted and many people will be either poor or take the opportunity to become a business owner. Not accounting those who got jobs and secondly another statistics show recently more people get underemployment or no jobs because of the past recession and obamacare. Again you can research that your self. The videos I did place show that direct selling aka MLM aka referral marketing is a better option to do. Also what is a difference from any other life insurance agent then any other one available today? By the way life insurance license is just an umbrella of other products like LTC and annuities. if your talking about our products like I said before all vary depending on the company the client chooses from over 150 product providers which we get taught by those companies. Looking at the market I honestly believe the old saying is true you sell to survive and recruit to retire.

    Also the direct selling has a system to success which is you can’t succeed unless you help others. Which that ideology is great especially knowing direct selling is around the world. According to wfdsa.org there is a total of 58 million and 150 billion in revenue in the past decade which is a 91% increase. You can research that yourself. Just to let you I don’t use those videos to recruit because of the fact how broad it is.

  85. @history8888

    Clearly you are as smart as my left nut is and more cowardly then a stray rabbit hiding behind an alias. Your name itself is more of an embarrassment then of any name much equivalent to a pollock.

    I’m saying that because i have clearly showed everyone who read this post that it’s government approved and recommended. I know you didn’t know this but warren buffet owns Pamper chef. The NBA Orlando Magic team is owned by Richard Davos same guy cofounded Amway. Truth be told any successful person started from somewhere if you don’t believe me read their bios. You said your highly educated high school diploma isn’t considered highly educated fyi. Obviously you don’t have no clue how network marketing works and things you wrote clearly contradicted itself. Please if you have something intelligent to say please say it to redeem yourself. Just fyi I except criticism because all successful people will tell you it will happen if your building any business. I just expected there will be more intelligent ones here

    • @jasper

      You show your great intelligence every time you insult some on this blog. You are obviously desperate to prop up a product which can only be sustained by disingenuous methods of sales.

      You know the old saying “you can put lipstick on a pig, but it’s still a pig”. That’s what you and your buddy “MAN” and all the fake poster names you all hide under do every time you write about your crappy direct sell products.

      Your videos about the world being all puppies and chocolate with 13 total views are a complete joke. They say nothing. Which of course is fitting because you have linked it to a less than worthless product. The ones you are trying to sell. Great job!

      The way you communicate with people I have trouble believing anyone would purchase anything from you even if you gave it away for free.

      Why don’t you do the world a great service and never touch a keyboard again.

    • Clearly you are a fool, a sucker and a fraudster

      who may be going to jail in the future if you keep making clients money disappear…

      Who do you think takes the financial hit after you sell families crappy financial products with terrible returns
      and load on excessive up front junk fees, costs and commissions?!

      It comes out of the customers’ money.
      They find out you sold them crappy policies not worth squat
      and in many cases the customers will have “cash calls” and be asked to come up with more money to even break even…

      You are selling lies and fraud and leaving middle class families in a worse situation
      and misleading them, lying to them and telling them you are building their financial futures.

      What a complete crock of s***!.

  86. Hey guys, please keep complaining about the WFG or MLM or Pyramid stuffs. Many people said a lot of people would not last more than 2 months in this company. Let them talk. We are rapidly growing and we will be helping a lot of families and making a difference in their life. When you look back to those people who were complaining, you can see that they are still where they were 2 years back while many people have changed their life through World Financial Group.

    I am very proud to be part of World Financial Group a Transamerica Company.

    If you want to research, research who you are and what you want to achieve in your life not other people’s view. 100 people will complain about not doing good in WFG while 1000 will say we did great.

    • @”MAN”

      The only person you help is yourself. Your clients are all in a worse position for signing with you. But that’s fine, keep your false belief you have actually helped someone. If your idea of “helping families” consists of making their money disappear CONGRATULATIONS ! You are succeeding!

      • Mr Paul

        You don’t even know what kind of services we provide to people. At least I am helping families better save their hard earned money somewhere where you don’t have any idea about financial products.

        While you keep complaining for the past years, I have been helping families understand what is better plan for their family.

        If you don’t admit, it’s your problem. I am happy when some family is happy. Doesn’t matter if it regarding insurance, investment, college planning or whatever.

        If you don’t know the basics, why would you rather cry like a baby.

        If you want to learn I am sure you have have my email id. It is mlama34@gmail.com

        Be my partner and learn how we help families.

    • False and midleading information again.

      WFG is licensed to sell TransAmerica products
      and they use MLM pyramid scheme methods
      to rip off people with inappropriate products not suited for them
      lousy products that have high fees, high commissions and high load fees
      that rip off the consumer and line the pockets of the fraudsters.

      FBI and SEC will be coming to get you and your friends at WFG

      • Have you ever heard of the companies like ING, Nationwide, Prudentials, John Hancock,etc.

        Now tell me on what basis you called it MLM or pyramid schemes?
        Make it clear so other can understand.
        Do you think if WFG was MLM or Pyramid Schemes, such brand name companies will allow people sell their products?

        Be simple.

        When it comes to the products side, do you have hold the license to talk in details about the products that we offer? If not, make sure you first go and study for license that is provided by government. Make sure you study well, understand what kind of products there are in the whole United States and then compare what you learned and what you have to offer, not only from wfg but also from different financial institutions.

        Anyway you will be running your mouth for next 10, 20 or 100 years but we will still be there. So keep on running your mouth and we will keep on making the difference in families life.

        While you will realize what we talking about, you will be too late…

        • FYI Man

          You do not know what you are talking about.

          WFG is the successor company to World Marketing Alliance
          (that had so many complaints with the SEC and lawsuits that it had to close
          down and change its name to WFG)

          The people who founded this series of companies were also involved in Primamerica
          and also AL Williams co,

          WFG is licensed as a vendor to sell insurance products.
          Getting a license to sell insurance does not make you qualified to advise families
          on their financial futures. It just gives you a license to sell insurance.

          Many people hawking insurance with WFG have zero financial planning training, but they tell you otherwise.

          Posting “talking points” answers to inquiries and discussions on this forum
          just confirms that you do not know what you are talking about and are poorly trained in financial services
          if any training at all.
          Most WFG “training” is how to recruit people for the MLM pyramid scheme
          and nothing about the products or suitability for particular clients..

  87. @ Man

    Running my mouth? Clearly all you and your made up poster names do is say the same thing over and over.

    Throw out a few names of companies talk about 150 different products all of which are too expensive and have poor returns, and talk about a license that any brain dead person could get like it means something. The tin man could sell your sorry products.

    Problem is you don’t even know what it is your selling yourself. You just see $ signs and know if you can rip as many people off as you can you will have a few more of them.

    Why are you even posting here? It’s Sunday shouldn’t you be pitching some people at church or a backyard birthday? May go to a distant cousin and sell them your amazing products and make them poorer?

    • Hey Paul, I see you have problems with my name.

      Let’s not talk about name, let’s talk about how you are helping others better understand what you saying.

      If you know better product, why don’t you share with us so that I also have chance to learn something so that if i am not doing good for families with our products, I would love to get the products that can help better.

      • Like I said you all keep repeating the same thing over and over. The question you asked has already been answered in the above posts. You only need to look but you are brainwashed and don’t believe any other view.

        I don’t have a problem with your name. However when the same person posts under 3 or 4 different fake names trying to make believe they are someone else you lose all your credibility.

  88. Man what color is your team are you wearing mine is green. I can’t wait for a bigger wave :)

    Watch “2013 wfg convention – wave” on YouTube
    2013 wfg convention – wave: http://youtu.be/HrozlxlPTUs

    Never mind what Paul n and history8888 they probably same people anyway. If they want to play stupid let them. For all we know Paul n is in a company that is a Ponzi scheme versus our reputable and solvent companies.

    • I am green too. This year will be more dominating than last year.
      Last year went to Vegas as an associate, this year going there with 3 new MD’s under me.

      If I had listen to the crap like everyone else been doing for the last couple of years I would be working as a cashier till now.
      Anyway I was skeptical more than these guys in the beginning, because I was scammed many times when I came here in USA in 2008. So didn’t want to hear anything.

      Later went to study for license and Vegas changed everything. Let people keep complaining, sooner in the future they will realize what they missed for past years.

  89. Nice man and from what I’m hearing this be the last year we will go to las vegas we will be using a football stadium next year because there are so many people will be in this company. :)

    • That’s great guys. At what time does your leader Jim Jones serve the cool aid? Now that’s a video more then 10 people would watch!

  90. Lol call the hater police we have a hater on the loose his name is Paul N

    Haters stands for Have Anger Toward Everyone Receiving Success

    • Wow how original, you and you imaginary friends.

      It’s interesting you stopped talking about your bad wfg products. I figured you would be out today selling a 30 year locked in annuity to an 80 year old widow (she can’t access until she’s is 110) so you can make some fast cash.

      You should become a politician. You make lots of promises, talk a lot, but never actually come up with anything of value.

      Why don’t you detail how you help the average person out? Disclose your fees. Tell us all your amazing process to qualify a client and put them in suitable funds.

      Oh I forgot. You don’t know how to do that do you. Not do you want to disclose that so everyone can plainly see how bad your products are.

  91. I never thought of that before and it won’t be something I would do. however it makes me wary sounds like something you will do. However according to finance disclosure laws I’m not at liberty to tell you any of our products online however you can find more information to your closest WFG agent ;) btw I don’t sell a product I don’t use.

    • I find it odd you talk about everything except the most important thing… The product you are trying to market. What are you trying to hide?

    • i dont see why you cannot talk about a product..

      I enjoyed WFG’s main goal.. what i didnt enjoy is its people (they give you no info what so ever.)

  92. Absolutely nothing like I said earlier it’s illegal to say details in one product according to sec and finra and how can any agent in the world say what product has when you don’t specify that’s like telling a car dealer get me a car and not mention a color, model, size. Btw what do you consider a good product to specify a permanent life insurance policy or a college fund what does your company have

  93. If anyone commenting here wants to know more information regarding the products or wants to change career in the financial institutions, please feel free to contact me at (redacted)

    I live in Queens, NY.

    Thank you.

    Let’s help more families understand the concept of their finances for their future and work together.

    Negatives will kill you so try to avoid negative people.

    Edit: No free advertising on my blog. I’m fine with the rah! rah! WFG is awesome! general stuff, even though I disagree with it. But I draw the line there.

    • You could contact one of these two people yes or you could simply flush your money down a toilet. The toilet would be faster. The other way would be more painful watching it slowly disappear. .

      Be smart. If your starting out learn to index invest. It will take you an hour to do so. It’s so simple, take control of your own money. Don’t be “controlled”.

      You will get far better returns then with any direct selling product. While your investing on your own you can learn as you go and train yourself. If you read 2 or 3 simple books on investing you will know far more then these people. It’s too late for them but not for others.

  94. So basically your saying you are not going to promote your company or product I figured that. I wouldn’t neither if it was in a Ponzi scheme.

    Again what company do you work for Paul N?

    • Like I said you should be a politician. How exactly did you come to those ridiculous conclusions? An index fund is a ponzi scheme. That really shows your total lack of financial knowledge.It also just proves your lying continuously.

      Your comments + questions continue to make no sense and you show your desperation by lying and writing doublespeak. It’s the only way you seem to be able to promote your products. You can’t speak specifically about your products. I’m not actually selling anything, I only offer good solid advice. Unfortunately since your wfg products are so poor in value for most people these ridiculous things you write are your only form of advertising. I guess you have to try to hijack common sense whenever you can.

      For once try to say something of some value. Is this your only job at wfg simply trying to keep up with all the millions of people writing truth about a bad product and spamming the dialog?

  95. Mr Paul

    You have no clue what you talking about.
    Do you have any knowledge about any other financial products. Let’s not focus on Index products, tell us what other products do you know.

    If you don’t know what kind of products are there in the market, it’s us less talking to you because you have sense of humor.
    You think you are the best and you know everything in reality you don’t have any clue about any other products that can work for you.
    That’s why you need to get the license, study hard for the license and also learn about so many products out there in the market. Not only Index.
    Let us know if you have any investment products that are good for other people, may be I can learn from you and also be like you.
    I know you think we are doing bad, so teach us mr PAUL the best solution you can provide for other families.
    If you can not, don’t bother writing back I will understand you are bunch of losers.

    • I guess you just cut and past your answers from an archive…

      • So you have no answers for my questions?? Hmm why not because you don’t know what you want in you life.
        You don’t know what you need when you retire.
        You don’t know how and where to save money for your kids education.
        If you don’t know anything, how can you teach others regarding other people’s financial needs.

  96. […] bloggers have gone after quasi-pyramid schemes like World Financial Group and Primerica – financial services companies who seem to make more money recruiting others […]

  97. Heya i am for the primary time here. I came across this board and I in finding It truly useful &
    it helped me out a lot. I am hoping to present something again and
    help others like you helped me.

  98. I was approached by a family friend (whom I don’t know all that well) at a party. She asked me in a hush manner, “Can I talk to you about something?” I thought something was wrong. She pulled out a laptop, so then I thought maybe she was going to ask me to fix something on it. Finally a powerpoint screen and a verbal presentation. By the third powerpoint slide, having saw no evidence of an actual product I knew exactly what this sales pitch was. About 15 – 20 minutes in, it became quite apparent to her that I knew more about the stuff she was talking about than she did.

    I have looked into these “investment vehicles” that are offered through WFG / Transamerica / Aegon or whoever is ballsy enough to attach their names to this. Why would you pay a(n often inexperienced/undereducated) middleman for annuities and insurance that you can get directly from actual companies themselves? It’s a borderline, skirt-the-law MLM pyramid scheme.

    It’s funny… if you go to WFG’s website and click on the little “Complaint Handling” link on the bottom, it only assists Canadians. Who would have guessed they had more stringent laws against this sort of thing?

  99. It’s rough to take in when other don’t respect your job. It doesn’t matter cleaner, butcher, or deliveryman we our society need them, so please respect other occupation. You can’t walk into cleaner and say your job is like slave, your boss make you work like horse with little pay since he make thousands of dollars from each contract. Don’t tell the butcher that you’re killing the cattle is one of the most disgusting job on this planet because they’re doing it for everyone to have food for survive. Don’t tell the deliveryman that your job like shiit driving back and forth every day because they do that job so everyone has their items deliver every day. If you’re a highly educated person, lawyer or doctor please respect other professions out there.

  100. I think WFG is part of the “underbelly” of the New World Order…they prey on people who struggle financially by promising them $$$ and a bright future. It’s a few “shady and mysterious” guys at the top of the chain who want to gain control of the masses. They create the economic crashes then smile like Cheshire Cats to con the people to move out of fear into trusting them with all their livelihood. Pretty soon, they are in control of individuals, towns, nations, and then ??? What the heck ever happened to saving your money inside a sock? …Don’t you know that the LOVE OF MONEY IS THE ROOT OF ALL EVIL?!?!?!

    • Let be honest. Your money in a sock will not have the same value in 30 years as it does now- It’s called inflation. It’s sad to see people having no problem putting all there hard earn money in the bank and earn less than 1% but when they go get a loan, it’s 15%. It’s just as sad that people don’t now at the current inflation rate of approx 4% every year, if they can’t get 4% return on there investment after tax then they are loosing money. As with every company, there is the good seed and the bad ones. The is why WFG have independent agents. They get individually sued for there bad behavior and not the company as a whole. If you went into a Apple store and one of their associate is an ignorant fool, would you consider the whole company ignorant?

  101. One more thing. Everyone who is working for someone else is working in a pyramid “scheme”. You and most of the people are at the bottom of the totem pool. Your supervisors (which are less in numbers than the regular workers) are above them. The yet fewer managers are above them. The even fewer district manager are above them. So eventually have one to two people at the top. Looks like a pyramid to me. If you can visualize this, then this is why you are at the very bottom. Good Luck

    • @LBH

      Your analogy is incorrect. A business only hires to fill a position if the present number of staff is not sufficient to process the work on hand. So a position is created. This can also work the other way if there is not enough work, people are laid off or let go.

      With an MLM model there is constant churning of “recruits”. They are also not really employee’s. They have their little ra-ra conventions, they recruit as many warm bodies that can breathe vapor onto a mirror with the hope that every so often they get the type of person they are looking for that fits their sell model. Most “recruits” wind up losing money and falling by the wayside.

      Sorry your comparison is a fantasy.

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