My Experience With World Financial Group

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!

802 thoughts on “My Experience With World Financial Group

  • July 20, 2011 at 12:56 pm

    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.

    • July 25, 2011 at 4:47 am

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

        • May 15, 2014 at 1:22 pm

          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….

          • May 30, 2014 at 11:27 pm

            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.

          • May 31, 2014 at 1:33 am

            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…

          • June 4, 2014 at 3:06 pm

            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.

          • October 20, 2014 at 8:48 am

            If it was an illegal pyramid scheme, then why have they been in business so long? The answer is because it is not an illegal pyramid scheme. The only thing that it has in common with a pyramid is the agent structure. But that structure is no different than IBM or Microsoft in how their sales people are paid and overrides by managers. You get nothing for bringing in new people. You only make money if they become active in the business and sell products. You also need to be licensed in any state where you conduct business. The products we sell are regulated by the governments. I can’t sell the products for any more or any less than another company located down the street. WFG is a brokerage company owned by Trans America Company and intern owned by Aegon Corp. If it were an illegal pyramid do you think that other companies would be endorsing us? Pacific Life, Nationwide, Jackson, Everest and dozens more. We are now the number 1 brokerage firm in the world. We sell more Nationwide products than Nationwide captive agents. When you sign on with WFG you pay $100.00 that money goes for setting up your franchise and account and doin a criminal background check. The agent responsible for bringing you on board gets nothing. WFG is really a great sales and marketing company. By the way I am not interested in hiring just anyone. I want to bring people in that want to do the business people that are interested in making money. It is the same philosophy that we have in the Masons we don’t want to force people to join we want people to join on their own free will in accord those are the people that will succeed. People that want to work hard people that want to improve themselves people that want to make a don’t stand there and tell me what a bad organization it is when you haven’t walk the walk

          • November 12, 2014 at 10:04 am

            You should go and jump in a lake

          • November 12, 2014 at 3:41 pm

            This comment from history8888 on getting paid to recruit just shows me how little you know about the company you are trying to bash.
            About the only thing I can agree with you and your buddy paul n on is that people should get educated about finance, learn the basics and understand how money works. School has kept us ignorant to finance and how to make money work then just working for money. You talk about WFG taking advantage of seniors but the banks other financial institute have been doing that for year. In a network based company I think it is more sincere in wanting to help the client first this could be a friend, or partner parents, team members lead. Why would you not want to do best for them. People are not as stupid as you depict. People can tell when someone is being sincere or really wants to help and share. I also think people are smart enough that we can determine that an investments needs to make higher interest then the debt in order to make it work in your favor. These agents go to people’s homes free of charge to help educate and explain how we can help families, free financial review and solution plan if client interested. Maybe we are more polite in Canada but I never saw pressure sales on my team, not to say that couldn’t be happening not only in WFG but in banks and other financial institutes. We get clients that end up paying $125 here in Canada for AMA just for the access to education. So they can be more knowledgable about their own finance, some never get licenced but save money and taxes just learning about advantages and disadvantages so when they’re ready to do a plan they are knowledgable and can ask the important questions to make sure they get best plan for them. Others get stoked and look at the business opportunity to share with others what they have learned for the same $125 and make a business of your own sharing and helping others. I can get educated and/or work on getting licensed and then and only then I can share financial information, solution building or make any good money with WFG, there is a referral program for non-licensed but that go straight to AON or Heritage for example, which you can make small commission, but need License of course to make it a real business. I have found WFG not your average MLM buy your kit and away you go. No! They give you all the tools, the partners in your team support each other with training and field appointments to get experience and better understand the business system, as well as the vendors like Everett, RBC, AON and many more doing product training exclusive to WFG. So, if you are saying the agent doesn’t know the product then that is on the agent cause WFG is also a training institute and gives lots of training. The list heard this so much, does your up line make money on your list? Yes, they do, but this is the associates training ground, field training it is important to be involved in the process but until licenced you can not talk or advise others, so by having your trainer go out with you and you observe is invaluable, and they do free of charge they don’t alway make a sale. I went on many introduction meetings and he only made a few sales. Also gives you incentive to get licensed and trained faster doesn’t it. I think it is unfair of you guys to say things like they just recruits idiots down on there luck, sucker them in, again can’t agree in my office alone we have people from all walks, yes some from warehouse worker, painter, etc but we also have accountants, business owners, engineers, nurses, these are all intelligent human beings, financial services industry can be learned by anyone it is not a gift given at birth and I believe should be learned by everyone, put it in high school so poor and mid class can benefit too and how great that unlike your thinking, that WFG gives a person the opportunity to learn with a small investment and a bigger investment of your time unlike the traditional industry.
            Crappy products, again you don’t know what your talking about, first these are not WFG products, these are the same as many banks and other financials advisors might have access to. WFG just have more options and variety for which to build plans for our clients. Offering insurance, savings and investment under one roof like a mortgage broker shops the banks WFG shops the suppliers for the best products for our clients. We can help people build a plan that makes sense at no cost to them. We only get paid by the suppliers as we help the client implement their plan. So, if WFG has crappy products so does the banks, the investors groups, envisions, since Aegon took over the company they have done some great things like sponsoring the Canadian curling team in the Olympic games winning Gold, they are on top in the financial services industry they are not hiding like some underground cult or finance ring. They are successful because of the great culture, recognition and teamwork model they built, were everyone can grow together, try and get that out of the traditional financial services industry. Not likely. You guys should really get your facts straight before peddling garbage.

          • December 9, 2014 at 2:08 am

            No need to defend WFG, the facts speak for themselves. Millions of lives have been positively transformed thanks to WFG. The sad part about the negative comments here is that they come from mediocre people who are barely getting by. I’m not only a client of WFG, which is how I started years ago, but now I’m also a representative of WFG and I would challenge anyone with a negative comment to show me their bank account and I’ll show them mine. I would also challenge them to show me how many families they have helped and how much they have donated to civil causes and I’ll show them my record. The company is ethical and professional and I couldn’t be more proud of, first of all, being their client and now their rep.

          • May 21, 2015 at 1:50 pm

            They do not make money by recruiting people. No one makes any money unless a service is given. Associates have to have a background check and need a state license before they can even work for the company. You can bring in a 100 recruits but if you are not licensed you can’t even sell product. The people who say its a scam are either people who worked in offices where those associates don’t follow the company structure or just don’t know the business well enough. The successful people actually have the drive to push their own sales and help others. People don’t do their research they jus assume the worst without asking the right questions.

        • June 5, 2014 at 11:24 am

          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.

          • November 4, 2014 at 12:18 am

            Please give THREE main points why its a scam or BAD or NEGATIVE really good ones, and I’ll debunk them all.

          • May 25, 2015 at 1:37 pm

            Rep’s who succeed..are at the top of the pyramid and make money on this Multi level marketing pyramid scheme make most of their money from recruiting new customers/
            Every new customer is turned into an agent if possible.
            The people who survive in this pyramid scheme rely on cuts or commissions from all their recruits or down lines. .
            Theye is about an 90%+ crash and burn fallout rate..from this MLB pyramid system.
            The system is constantly under legal challenges both by individual lawsuits and by government
            regulators …
            WFG , like other MLB Pyramid schemes spends massive amounts of money on law firms and legal services and lobbying for the corporation to stay in business like AM Way. and the Church of Scientology. ..
            Because of government budget cuts, and the need to prioritize resources there are limited resources to aggressively pursue each and every MLM..Pyramid scheme…
            Herbalife, using the exact same tactics as WFG..
            is under fire from regulators, Courts, Congress etc…
            The Federsl governnent is trying to heavily fine and shut down Herbalife for using the same business practices as WFG..
            ..Multi level marketing pyramid schemes..

          • June 1, 2015 at 6:15 pm

            WFG does not get paid by recruiting!!

        • November 13, 2014 at 10:49 am



          • November 14, 2014 at 10:17 am

            :) awwww poor Paul sorry must have woke you up. With the ringing of the blog bell. Sorry to distrube. Please, Don’t worry keep your blinders on and go back to bed and cover your head. Nite, nite

      • November 21, 2014 at 2:44 am

        I’m just gonna copy and paste what I typed up earlier in the thread.

        I’ve been working at WFG / TransAmerica for 5 months. Been brought in by my parents. I ended up joining right after High School and I’m glad they brought me into it.
        I’m still going to college for a major in Physics and Business Management, but since that will take years in the meantime, why not work somewhere that can make a whole lot of money without being ordered around by a boss? I see a lot of pissed, confused, educated, and so on people in this post. But from what I’ve personally seen, this can’t be a scam. Licensing by the state is required so I see no way for a scam to pass that I got my license after a few months after procrastinating for months, got appointed, and now I’m making money.
        Honestly, the only ones who are doubtful were the ones who never actually listened to someone who knew what they were doing. That happens, a uninformed newby goes and talks to all their friends and gives a bad name to their company. But once a person who has gained more info on the concept speaks, then everything is cleared up.

        Ask any question, being an actual reasonable question. I’ll answer it.
        Hell, visit the office in San Jose, CA. I’d be glad to talk there.

      • November 21, 2014 at 2:46 am

        I’m just gonna copy and paste what I typed up earlier in the thread.

        I’ve been working at WFG / TransAmerica for 5 months. Been brought in by my parents. I ended up joining right after High School and I’m glad they brought me into it.

        I’m still going to college for a major in Physics and Business Management, but since that will take years in the meantime, why not work somewhere that can make a whole lot of money without being ordered around by a boss? I see a lot of pissed, confused, educated, and so on people in this post. But from what I’ve personally seen, this can’t be a scam. Licensing by the state is required so I see no way for a scam to pass that I got my license after a few months after procrastinating for months, got appointed, and now I’m making money.

        Honestly, the only ones who are doubtful were the ones who never actually listened to someone who knew what they were doing. That happens, a uninformed newby goes and talks to all their friends and gives a bad name to their company. But once a person who has gained more info on the concept speaks, then everything is cleared up.

        Ask any question, being an actual reasonable question. I’ll answer it.
        Hell, visit the office in San Jose, CA. I’d be glad to talk there.

        • November 21, 2014 at 2:48 am

          Didn’t actually mean for the double post. Can’t remove posts so yeah.

        • February 14, 2015 at 8:53 am

          Can you talk to anyone at the San Jose office ? Isn’t shut down?

          • February 14, 2015 at 10:40 am

            I’m there every week so I talk to many people there all the time. Oh and its far from being closed, still working great.

    • October 12, 2012 at 8:15 pm

      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.

      • October 12, 2012 at 8:18 pm

        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!

        • October 12, 2012 at 10:19 pm

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

          • October 29, 2012 at 12:46 pm


          • December 12, 2012 at 8:40 am

            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.

          • January 24, 2014 at 2:01 pm

            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.

          • January 24, 2014 at 6:29 pm

            @ “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.

        • May 18, 2014 at 2:57 pm

          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

          • February 5, 2015 at 11:58 pm

            If so then why does Forbes magazine always have full spreads of wfg and its successful people?

      • May 18, 2014 at 9:31 am

        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.

        • May 25, 2015 at 4:07 pm

          Full spread in Forbes about WFG
          and it’s Reps
          are paid advertisements by WFG.
          Every year.
          It is an advertisement
          bot a news story or an endorsement.
          of the MLM Pyramid scheme

    • November 30, 2012 at 1:52 pm

      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

      • March 15, 2014 at 2:22 pm

        Hi Lee,

        I agree with your comments.
        Are you involved with any of the companies you mentioned?

    • November 30, 2012 at 2:03 pm

      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.

    • November 16, 2013 at 1:09 pm

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

      • June 4, 2014 at 3:08 pm

        Small Fish always talk about big fish.

        • June 1, 2015 at 9:33 pm

          More BS “talking points”

          • June 1, 2015 at 10:22 pm

            More of history8888’s biting criticism.
            Please elaborate!

            Maybe I can help you:

            Scheme, scam, pyramid, sheeps, can’t speak English, dupe, sucker, swindle, IULs, high loads, fees, poor products, etc, etc, etc……

            See, you forgot you talking points
            Oh, I’m sorry. “Talking points”

            Why do you keep posting without any real commentary supported by evidence. There are thing to criticize about WFG and any other financial institution.

            I agree the post you’re commenting on is rhetoric but so is yours.

            Isn’t time we all stopped acting like children and began taking the time to explain our sides and points without resorting to meaningless one liners and cheap shots?

      • February 14, 2015 at 10:52 am

        Something regulated by the state and requiring a license to sell and make money makes it anything but illegal. Difficult, sure, but illegal, no chance of it otherwise the company would’ve been shut down already.

  • July 23, 2011 at 1:37 am

    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?

    • July 25, 2011 at 4:47 am

      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.

  • December 3, 2011 at 4:44 pm

    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.

    • December 4, 2011 at 2:43 am

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

    • December 9, 2011 at 8:12 am

      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!

    • May 31, 2012 at 12:58 am

      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.

    • June 25, 2012 at 12:17 am

      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.

      • June 12, 2013 at 4:26 pm

        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

        • November 15, 2013 at 1:11 pm

          I thoroughly enjoyed this comment. Your 100% correct.

          • January 4, 2014 at 5:07 pm


            Are you Kris’s girlfriend?

        • May 18, 2014 at 3:01 pm

          Google WFG Fraud

          Millions of hits….

          A trail of lawsuits nationwide by individuals and Attorney Generals…

          A few law firms specialize in suing WFG for fraud

      • May 18, 2014 at 9:45 am

        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.

        • May 18, 2014 at 11:35 am

          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.

          • July 18, 2014 at 2:59 pm

            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.

          • July 21, 2014 at 8:14 am

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

          • July 21, 2014 at 11:03 pm

            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.

          • July 22, 2014 at 2:20 pm

            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.

          • July 22, 2014 at 10:46 pm

            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.

        • July 23, 2014 at 7:38 am

          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.

          • July 23, 2014 at 10:40 am

            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. :)

          • July 23, 2014 at 11:33 am

            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.

          • July 23, 2014 at 11:48 am

            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.

          • July 23, 2014 at 12:46 pm

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

          • July 23, 2014 at 10:49 pm

            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

          • July 24, 2014 at 11:08 am

            @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…

          • September 9, 2014 at 1:24 pm

            To All here:

            I do work for WFG and Iam very proud to say it, the post either from 2012 or 2014 is irrelevant, been in the Healthcare Industry, have a Bachelors in Business been in different Insurance companies and reading all these comments just confirms how people is uneducated about the financial industry, Lane states I will give my money to Transamerica ………….Is funny We represent Transamerica……. only top platinum companies we represent, with or without business model this is an industry in which you can grow at your own pace and neither all your negative comments or google will change that. People who works in this industry is educated, we have a very diversified group of people and is 100% regulated by the state so NO MLM or Pyramid ……………… We can not change the mind of anyone, but we certainly can change ours ……. this is legit……. and regardless if is Edward Jones or WFG or any other Brokering company, the rules and products of Insurance Companies DO NOT CHANGE …………. GET EDUCATED PEOPLE ………..

        • February 14, 2015 at 9:17 am

          Don’t you mean to drink the Kool-Aid?

    • February 3, 2014 at 5:01 pm

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

      • April 14, 2014 at 11:21 pm

        We get paid 8 times a month.

  • April 3, 2012 at 10:43 am

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

    • April 4, 2012 at 8:34 pm

      I was really hoping for some sort of pity the fool reference.

  • May 31, 2012 at 12:50 am

    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.

    • December 12, 2012 at 9:23 am

      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..

      • February 22, 2013 at 9:16 pm

        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.

        • April 12, 2013 at 11:00 pm

          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.

          • October 7, 2013 at 7:35 pm

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

    • June 4, 2014 at 3:22 pm

      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.

  • June 30, 2012 at 11:47 pm

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

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  • August 4, 2012 at 5:30 pm

    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.

    • September 27, 2012 at 3:46 am

      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 .

  • August 5, 2012 at 7:51 pm

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

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  • November 8, 2012 at 12:57 pm

    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!!!!}

    • November 8, 2012 at 5:44 pm

      Thanks for the crazy Joanne.

    • December 18, 2012 at 9:30 am

      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.

    • March 15, 2013 at 12:54 pm

      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?

      • January 4, 2014 at 5:15 pm

        Hmm. Good point.

        Why did Warrent Buffet invest in network marketing companies (MLM) if all they are is a scam?

        • May 20, 2014 at 2:39 pm

          More lies and false, misleading information from WFG brainwashed trolls

    • May 18, 2014 at 9:59 am

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

  • November 15, 2012 at 7:26 pm

    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…………

    • June 5, 2013 at 10:32 pm

      WFG became the number one broker dealer in America, therefore is the one with higher income.

  • November 28, 2012 at 4:50 pm

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

  • November 30, 2012 at 10:35 am

    This is wrong and this person doesnt unstand 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.

  • December 30, 2012 at 12:10 am

    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.

    • January 14, 2013 at 4:49 am

      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 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.

      • February 10, 2013 at 2:18 pm

        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.

        • 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,

          • June 5, 2014 at 12:53 am

            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,

          • June 6, 2014 at 3:47 pm

            @ 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…

        • July 24, 2014 at 1:40 pm

          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.

          • July 24, 2014 at 1:59 pm

            Really is that it? I guess that clears it up for me.

          • September 9, 2014 at 1:40 pm

            Drunkai and Paul N :

            I wonder what kind of profession/job or education you guys have (if youhave stated here I did not read the whole thread……………..looooooooooooool) ………….. What KING ?
            LION KING ?? You guys instead of making an objective statement are just going from cold to hot………Like the humor ……. oh yeah I see Drunkai says he sits with clients with products binder OPEN ,………………How do you know HOW We sit ?? Go to any Insurance company specially Allstate and State Farm …………..the KING is the owner and the workers are providing the KING the $$ …………BTW they get pay hourly and is very very little and limited to ONLY SALE THEIR PRODUCTS ……AND Many of the KINGS do not even have the knowledge about what an Index Universal Life Policy Is………. You guys keep the thread going I HAVE WORK TO DO ……………. LooooooooooooL

      • March 15, 2013 at 1:14 pm

        Well put Anonymous!! Excellent!!

        • June 5, 2014 at 11:32 am

          @ 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.

          • June 5, 2014 at 7:21 pm

            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.

          • June 6, 2014 at 3:39 pm

            @ 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.

  • January 15, 2013 at 8:59 pm

    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.

    • June 5, 2014 at 12:55 am

      I know this is from 2013…

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

  • January 21, 2013 at 10:14 pm

    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…

    • July 9, 2013 at 5:03 pm

      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.

    • October 7, 2013 at 8:03 pm

      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.

  • February 10, 2013 at 12:53 pm

    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.

  • February 21, 2013 at 8:35 pm

    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. .

    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.

    • May 20, 2014 at 2:46 pm

      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

      • September 8, 2014 at 12:24 am

        I originally joined WFG back in 2001 as college student. WFG Concept very much intrigued me but the recruiter / uplines at the time were proposing some unethical information. Pushing for 12 to 15% annualized returns on products as GUARANTEED. I was day trader for many years and understood the risks of market and there is no way I’m telling people that you’ll get 12 to 15% return per year GUARANTEED. Because of this reason, I left WFG (formerly WMA). This particular group ended up perishing after few years when the 2002 crash happened. Around 2007 or so another group started up near where I live, this time they were recommending ARM loan to use that money to invest. This group also perished after few years. After 12 years, I rejoined WFG this past year. I rejoined because of the new products and new people. Its not the company, WFG that causes undue harm to clients. Its the people. Most people are too greedy and make choices that hurt the client for extra money. Even if its individuals who harm the client, WFG must take responsibility and gets sued since money isn’t in the suing individual advisors. If you google any all all finanical companies, they have been sued numerous times. Just look at Chase. There is multi billion dollar fine on them but over 50 million people bank there everyday getting “scammed”. At the end of the day, WFG is a company made up of individuals and not every individual at WFG has client’s best interest at heart. I’m sure there are bad apples even in my group but at the end of the day, I do the right thing and promote the right thing. That is all I can do. One of the main reason why I came back into the industry is to educate average person in financial literacy. No one educated my mom the risks before putting her 401K into market in 2007 and taking a 47% loss in 2008. I came back to make sure I can save few people around me to not make those mistakes. Like any sales representatives, there are good ones and there are bad ones. Don’t judge everyone to be bad from few rotten apples.

        • September 8, 2014 at 12:07 pm

          This is another BS post.
          No one who would have successfully day traded would move on to sell World Financial Group products. They would realize it would be an inferior way to invest. Also “rob” again who cares about Chase? This is about bad experieces with World Financial group not Chase. Chase does not ask their new employees to then recruit 10 more employees or get fired like world financial group would.

  • February 21, 2013 at 8:40 pm

    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.

    • March 15, 2013 at 2:52 pm

      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.

      • May 20, 2014 at 2:48 pm

        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.

  • February 21, 2013 at 8:51 pm

    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?

  • March 15, 2013 at 9:05 am

    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)

  • March 18, 2013 at 9:45 pm

    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.

    • May 20, 2014 at 2:55 pm

      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.

      • June 5, 2014 at 1:11 am

        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.

        • June 6, 2014 at 3:20 am

          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.

      • August 6, 2014 at 9:26 am

        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.

        • September 11, 2014 at 12:00 pm


          It is a “modus operandi”

          Or way of training people to do business as WFG agents.

          Of course, WFG makes
          Everyone involved in the pyridoxine scheme sign disclaimers that WFG is not responsible when it’s agents follow the direction and training for the top to intentionally rip people off.

          WFG will try to “hang it’s own agents out to dry” in any legal action after they follow WFG system in marketing the TP products…
          Why would anyone want to work for a company like that?!

  • March 19, 2013 at 2:21 am

    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.

  • March 21, 2013 at 10:11 am

    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.

    • October 18, 2013 at 3:43 pm

      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.

      • October 18, 2013 at 4:32 pm

        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.

  • April 4, 2013 at 2:28 am

    RE: PAUL


  • April 4, 2013 at 8:37 am

    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.

  • April 4, 2013 at 9:09 am

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

  • April 6, 2013 at 12:05 am

    “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?

  • April 18, 2013 at 4:15 pm

    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.”

    • April 25, 2013 at 4:38 pm

      Very helpful, Thanks.

    • May 2, 2013 at 8:51 am

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

    • May 6, 2013 at 3:56 pm

      very good informations thanks for your honesty.

    • June 5, 2013 at 10:47 pm

      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.

    • June 11, 2013 at 8:13 am

      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.

    • June 15, 2013 at 3:48 am

      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.

  • April 23, 2013 at 10:57 am

    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.

  • April 24, 2013 at 4:09 pm

    “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 –

    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!

    • April 24, 2013 at 4:45 pm

      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!

  • May 27, 2013 at 9:00 pm

    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

    • June 5, 2013 at 10:58 pm

      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.

  • June 12, 2013 at 5:04 pm

    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.

  • June 12, 2013 at 10:33 pm

    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?

    • June 13, 2013 at 12:34 am

      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,

      • June 13, 2013 at 5:04 pm

        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.

  • June 15, 2013 at 7:39 pm

    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?

    • June 16, 2013 at 3:47 am

      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.

  • July 12, 2013 at 3:00 pm

    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!

    • August 1, 2013 at 4:51 pm

      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.

      • August 1, 2013 at 11:52 pm


        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.

      • September 6, 2013 at 11:26 pm

        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.

  • August 1, 2013 at 5:15 am

    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.

  • September 7, 2013 at 11:08 am

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

  • September 12, 2013 at 5:38 pm

    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.

    • November 18, 2013 at 4:17 pm

      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?


  • September 12, 2013 at 6:17 pm

    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.

  • October 2, 2013 at 1:41 pm

    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

    • October 9, 2013 at 10:43 pm

      You sound like someone I would definitely invest with…kind of like a financial genius. Maybe that’s why you’ve been so succesful.

  • October 15, 2013 at 3:38 am

    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.

    • October 15, 2013 at 11:37 am

      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.

      • December 10, 2013 at 4:43 am

        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.

        • December 10, 2013 at 5:08 pm

          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.

          • July 23, 2014 at 3:24 pm

            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.

          • July 23, 2014 at 4:31 pm

            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.

  • October 18, 2013 at 12:22 am

    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.

  • December 29, 2013 at 5:25 am

    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.

  • December 29, 2013 at 5:11 pm

    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.

  • January 5, 2014 at 12:13 am

    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?

  • January 5, 2014 at 12:34 am

    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.

    • January 5, 2014 at 11:08 am

      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.

  • January 5, 2014 at 11:18 am

    @ Richard H

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

  • January 6, 2014 at 2:44 am

    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%

  • January 6, 2014 at 2:48 am

    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.

  • January 9, 2014 at 8:36 am

    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.

    • January 9, 2014 at 9:38 am

      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.

  • January 14, 2014 at 11:13 pm

    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.

    • September 8, 2014 at 8:26 pm

      Steve, you are absolutely right on “don’t fall into the trap of ‘OMG I want to get rich so why not do this?'” It is not a get rich scheme although there are select few who make it very quickly. I met a young lady who in less than 6 month made over $250,000 (I’m sure she had lot of help). Is that typical? Absolutely not. Average person in WFG who SURVIVE for a year makes about $10K to $15K because if you don’t make at least this much, you will quit. Average person who SURVIVE for more than 5 years, makes anywhere between 50K to 100K. Most everyone who I know lasted more than 10+ years make at least 100K. How I know this you might ask? Using the agent code WFG gives you, you can guess how long a specific individual has been around in the business. Using that info, I can look up their individual and team production which gives me rough estimate of how much that person makes. I quit WFG (formerly WMA) 13 years ago due to the unscrupulous leaders at the time. I’m an engineer by education with minor in mathmatics and back ground in accounting. I have been day trader for long time and understand market risks better than most. Why did I rejoin WFG 1.5 years ago? 2 reasons: 1; I realized that if I don’t get involved more people around me are going to be taken advantage of by unscroupulous people WFG or otherwise. 2; Fixed products they have currently are so much better than what was offered at local banks and properly structured Index UL can beat the pants off the 99% of the Mutual Funds for those who have 20+ years on their time frame. Anyone who invest in Mutual Funds can duplicate same thing using ETF or Index Fund and pay 80% less in fees. Lastly, Cash Value in Life insurance is Tax deferred but can be withdrawn completely tax free year after year as long as policy is in force when the insured passes away because its taken as a long while insured is alive and you pay it back when the insured passes away. Only time you will pay income tax is if you take out entire cash value and policy is cancelled. Even then only the growth is taxed at ordinary income tax rate (Tax Deferred). If you need more in detail example, let me know. Just to be fair, I made about 20K in last 10 month or so with 15K from last 4 month just on my personal production only. I have no team as 15 recruits I did have none are active. All the income I made are from cold market. My warm market (friends and family) were used as test run in the early part of the business when I wasn’t licensed so I made no money from them. If I worked for traditional company, I would have made around $45K doing the same policies but would not have the opportunity to grow it as fast.

      • May 24, 2015 at 11:25 pm

        Your personal contacts were scammed by WFG…

        That is quite common and
        WFG ‘ s method of doing business…
        Using your address and contacts book and to sell lousy products to
        and “cutting you out”/ not paying you because it is prior to you
        having a license to sell insurance products

      • May 24, 2015 at 11:25 pm

        Your personal contacts were scammed by WFG…

        That is quite common and
        WFG ‘ s method of doing business…
        Using your address and contacts book and to sell lousy products to
        and “cutting you out”/ not paying you because it is prior to you
        having a license to sell insurance products

  • January 18, 2014 at 11:46 pm

    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.

    • January 24, 2014 at 6:58 pm


      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.

  • January 27, 2014 at 11:28 pm

    @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.

    • January 29, 2014 at 9:25 am

      @ 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.

  • February 1, 2014 at 9:01 pm

    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.

    • April 4, 2014 at 3:00 am


      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


  • February 3, 2014 at 5:17 pm

    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….


    • February 7, 2014 at 4:51 pm

      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…

  • February 4, 2014 at 1:42 am


    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?

  • February 7, 2014 at 11:43 am

    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 :(

    • February 7, 2014 at 3:07 pm

      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!

  • February 7, 2014 at 6:13 pm

    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.

  • March 1, 2014 at 9:59 am

    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.

  • March 1, 2014 at 10:55 am

    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.

    • March 3, 2014 at 1:05 am

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

      • March 3, 2014 at 4:34 pm

        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.

  • March 10, 2014 at 10:57 am

    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.

    • March 11, 2014 at 3:13 pm

      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.

      • December 12, 2014 at 10:05 pm

        If wfg is scam then why don’t you pring them to the FBI or even to the cort

        • May 25, 2015 at 1:44 pm

          Rep’s who succeed..are at the top of the pyramid and make money on this Multi level marketing pyramid scheme make most of their money from recruiting new customers/
          Every new customer is turned into an agent if possible.
          The people who survive in this pyramid scheme rely on cuts or commissions from all their recruits or down lines. .
          Theye is about an 90%+ crash and burn fallout rate..from this MLB pyramid system.
          The system is constantly under legal challenges both by individual lawsuits and by government
          regulators …
          WFG , like other MLB Pyramid schemes spends massive amounts of money on law firms and legal services and lobbying for the corporation to stay in business like AM Way. and the Church of Scientology. ..
          Because of government budget cuts, and the need to prioritize resources there are limited resources to aggressively pursue each and every MLM..Pyramid scheme…
          Herbalife, using the exact same tactics as WFG..
          is under fire from regulators, Courts, Congress etc…
          The Federsl governnent is trying to heavily fine and shut down Herbalife for using the same business practices as WFG..
          ..Multi level marketing pyramid schemes..

  • March 17, 2014 at 6:55 am

    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.

  • April 4, 2014 at 9:07 am

    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?

  • April 15, 2014 at 4:00 pm

    Dirk J is freakin’ awesome! You go Pimp!

  • April 21, 2014 at 6:40 am

    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.

    • April 21, 2014 at 1:17 pm

      @ susan

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

      • August 29, 2014 at 9:28 am

        Where did the number came from 85% drop rate? Show us a proof?

  • May 6, 2014 at 2:52 am

    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.

    • May 6, 2014 at 2:43 pm

      @ 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.

      • May 15, 2014 at 1:57 pm

        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???

        • May 15, 2014 at 2:41 pm

          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?

  • May 6, 2014 at 3:03 am

    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.

  • May 6, 2014 at 1:58 pm

    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!

    • May 6, 2014 at 3:12 pm

      @ 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?

  • May 15, 2014 at 1:21 pm

    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….

    • September 8, 2014 at 9:18 pm

      Hi History8888,

      I think you have the definition incorrect. Both use very similar structure so people do get confused but let me see if I can explain it. Pyramid Scam is illegal because you are charging fees from new recruit to pay the recruiter. There is no product or services provided in Pyramid Scam. Example, if I recruit 100 people and each pay $100 to agency. If I made any money by getting paid from agency for the recruit fees, that would be illegal Pyramid Scam. MLM or Multi Level Marketing is marketing strategy in which the sales force is compensated not only for sales they personally generate, but also for the sales of the other salespeople that they recruit. This recruited sales force is referred to as the participant’s “downline”, and can provide multiple levels of compensation. In WFG, the correct way to compensated would be something like this. New people coming in doesn’t have the financial knowledge to sell or advise on product so all they do is share basic financial concepts via standard presentation. Once licensed, the upline trainer does all the work (advising, finding the right product) but commission is split because downline brought the market. Upline trainer should be someone qualified but the issue comes in because people get greedy for money and do not follow the correct guideline and try to do it all by themselves so they can get 100% commission even if they’re not knowledgeable enough. As the downline learns, less and less is needed from the upline and if they reach the same level, there is no over riding commission. Overrides only occur if people are at different levels. That is same in every day business (Mgr makes more than Asst Mgr, and Asst Mgr makes more than employee). Beauty of WFG MLM structure is that even if you just started, that doesn’t mean you will be below the person who brought you in. I make more money than person who brought me in and make more than person who brought him in, and make more than person who brought her in. I make more than 3 of them combined because I work harder. There is definite advantage for my uplines but if they don’t do their own work, they will be stuck and will not see the benefit of having me produce.

  • May 15, 2014 at 1:51 pm

    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.


    • May 15, 2014 at 3:02 pm

      @ 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.

      • May 15, 2014 at 3:13 pm

        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.

        • May 15, 2014 at 4:14 pm

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

    • May 16, 2014 at 8:52 am

      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.

      • May 16, 2014 at 2:22 pm

        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.

  • May 16, 2014 at 9:11 am

    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.

    • May 16, 2014 at 10:19 am

      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.

    • May 16, 2014 at 10:49 am

      You can read an interesting story about how a Pyramid Scheme almost destroyed an entire country here: “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.

      • May 16, 2014 at 11:30 am

        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.

      • May 16, 2014 at 3:53 pm

        @ 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!

    • May 16, 2014 at 4:27 pm

      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.

      • May 18, 2014 at 3:09 pm

        Are you worried about the name or are you worried about what my question is?

  • May 16, 2014 at 6:15 pm

    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,

  • May 17, 2014 at 4:38 pm

    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.

    • May 17, 2014 at 8:28 pm

      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…..

    • May 17, 2014 at 11:14 pm

      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.

  • May 18, 2014 at 2:23 pm

    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)

    • May 18, 2014 at 3:24 pm

      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.

  • May 18, 2014 at 2:45 pm

    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…

    • May 20, 2014 at 3:05 pm

      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.


  • May 18, 2014 at 3:09 pm

    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?

    • May 18, 2014 at 3:42 pm

      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.

    • May 20, 2014 at 3:09 pm

      I am very educated so don’t BS me.

      • May 20, 2014 at 3:16 pm

        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.

        • May 20, 2014 at 3:24 pm


          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.

  • May 18, 2014 at 3:56 pm

    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?

  • May 18, 2014 at 4:19 pm

    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.

    • May 18, 2014 at 4:45 pm

      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.

      • May 20, 2014 at 4:07 pm

        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 and look for any other firm not only WFG.

        • May 20, 2014 at 4:24 pm

          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.

          • May 20, 2014 at 4:37 pm

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

    • May 20, 2014 at 3:17 pm

      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….

    • May 20, 2014 at 3:35 pm

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

    • May 20, 2014 at 3:35 pm

      According to my research

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

      • May 20, 2014 at 4:09 pm

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

        • May 20, 2014 at 5:04 pm

          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

          • May 20, 2014 at 5:12 pm

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

          • May 20, 2014 at 5:42 pm

            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…

      • May 21, 2014 at 3:32 pm

        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.

  • May 20, 2014 at 4:13 pm

    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.

  • May 20, 2014 at 4:16 pm

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

    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.

    • May 20, 2014 at 4:28 pm

      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.

      • May 20, 2014 at 4:46 pm

        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?

  • May 20, 2014 at 6:55 pm

    Well History8888 your research is obviously wrong if you looked up in (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…:


    Watch “Thomas Leary, Former FTC Commissioner, on Direct …” on YouTube
    Thomas Leary, Former FTC Commissioner, on Direct …:

    Watch “Dick Chrysler, Former Congressman, on Direct Sell…” on YouTube
    Dick Chrysler, Former Congressman, on Direct Sell…:

    Watch “Beverly Baskin, SVP, Council of Better Business B…” on YouTube
    Beverly Baskin, SVP, Council of Better Business B…:

    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:

    Which goes hand in hand with our success.

    • May 21, 2014 at 3:25 pm

      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.

    • May 22, 2014 at 5:34 pm


      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.

    • May 24, 2014 at 7:10 pm

      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……

      • May 24, 2014 at 8:30 pm


        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.

        • May 25, 2014 at 2:12 am

          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….

  • May 24, 2014 at 2:22 pm


    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 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.

  • May 24, 2014 at 8:11 pm


    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

    • May 24, 2014 at 11:49 pm


      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.

    • May 25, 2014 at 2:20 am

      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***!.

      • December 12, 2014 at 10:57 pm

        history 8888
        all of life policies have 4% intrest rates, WFG do the same thing, so what terrible return do you mean?

  • May 24, 2014 at 8:26 pm

    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.

    • May 25, 2014 at 12:01 am


      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!

      • May 25, 2014 at 12:21 am

        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

        Be my partner and learn how we help families.

    • May 25, 2014 at 2:15 am

      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

      • May 25, 2014 at 7:20 am

        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…

        • June 5, 2014 at 4:52 pm

          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..

  • May 25, 2014 at 8:33 am

    @ 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?

    • May 25, 2014 at 8:44 am

      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.

      • May 25, 2014 at 11:09 am

        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.

  • May 25, 2014 at 1:42 pm

    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:

    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.

    • May 25, 2014 at 4:10 pm

      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.

  • May 25, 2014 at 4:54 pm

    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. :)

    • May 25, 2014 at 5:02 pm

      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!

  • May 25, 2014 at 5:47 pm

    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

    • May 25, 2014 at 5:58 pm

      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.

  • May 25, 2014 at 6:21 pm

    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.

    • May 25, 2014 at 6:44 pm

      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?

    • June 5, 2014 at 7:41 pm

      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.)

  • May 25, 2014 at 7:03 pm

    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

  • May 25, 2014 at 8:51 pm

    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.

    • May 25, 2014 at 10:23 pm

      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.

  • May 25, 2014 at 10:40 pm

    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?

    • May 26, 2014 at 10:25 am

      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?

    • January 17, 2015 at 7:03 am

      @Jasper, I’m pretty much a skeptic of network marketing and any type of mlm marketing, but your position has me wavering on WFG. It seems network marketing has received negative attention due to a swarm of (what appears to be 90%) uninformed, greedy, uneducated, dumb, desperate people trying to make a buck at the expense of others. What I’m realizing is, the top 3-5% who make it in any business are intelligent, well read, well studied, and have the perseverance to overcome the negative rep that have come to be associated with these types of corporate structured businesses. Btw, you certainly make @Paul sound less than intelligent. I wish you much success in your business as well as with your educational goals. And thank you for being part of that 3-5%. Product will sell itself if product is legit and makes sense. I think I’ll invest in that FFIUL via WFG after all.

      • January 17, 2015 at 7:04 pm


        I’m glad you explained that you are “are pretty much a skeptic of of any type of mlm marketing” since that is the name you are using this time to post with. Also thank you for pointing out that 95/100 people recruited by an MLM like wfg would be the wrong people to trust and sign up with. Great job… but I’m the dummy.

        People wonder why I have replied to posts here for so long. First it only takes a few minutes to reply. Secondly there is some of the best comedy I have ever seen written here. Mostly though, I hate when people are taken for a ride because they put their trust in the wrong people.

        • January 17, 2015 at 7:29 pm

          Being intelligent and discerning means you do your own research after being presented with options by various financial advisors (or any given purchase/investment) prior to selecting one over the others, it does not mean you attack every single person as some kind of evil rip off artist. Financial advisors who conduct their business well are constantly educating themselves on as well as being selective with their products and therefore pass on the savings and investment strategies to their clients. To judge on individual merit vs universal bias toward an entire industry/group best serves clients like myself.

          • January 17, 2015 at 8:15 pm

            Give me a break. You tried to portray yourself in your post like somone who just happened along and commented on this topic randomly and innocently. Your thinly veiled attempt is as transparent as glass. Out of nowhere you land in the middle of a 4 year old topic say you hate mlm, take time to attempt to insult me and how you are going to pick up some of their products. Let’s get real here.

        • January 17, 2015 at 8:21 pm

          Someone surely sounds insulted! My comment was for everyone to be discerning and to do their research. And yes, someone should give you some kind of break, as your entire life’s purpose comes across to perfect strangers, doing due diligence and reading as much as possible on these boards, to comment negatively on people’s personal opinions both pros and cons in your unintelligent and childish manner. Why have a tantrum online? That raises blood pressure and is unhealthy for the mind. My friend pitched me her products last week, I’m still researching WFG webutation and have decided to invest in at least 2 products of theirs.

  • May 26, 2014 at 10:39 am

    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.

    • May 26, 2014 at 10:46 am

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

      • May 26, 2014 at 10:57 am

        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.

        • May 26, 2014 at 10:58 am

          You can’t provide any of those things so why bother discussing them with you?

          • May 26, 2014 at 10:59 am

            Ok so teach me, since you know lots of things.

  • Pingback: Weekend Reading: Crazy MLM Scams Edition

  • June 6, 2014 at 1:23 am

    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.

  • July 6, 2014 at 1:43 am

    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?

  • July 23, 2014 at 4:34 pm

    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.

  • August 14, 2014 at 8:25 pm

    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?!?!?!

    • August 18, 2014 at 7:46 pm

      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?

      • August 19, 2014 at 7:30 am


        So what is your plan to make a client money so they stay ahead of the losses from inflation?

  • August 18, 2014 at 7:52 pm

    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

    • August 19, 2014 at 7:45 am


      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.

      • August 27, 2014 at 7:44 pm





  • August 27, 2014 at 2:15 pm

    Wow. A very interesting thread. I have enjoyed comments from both sides. I actually joined WFG a couple of weeks ago and I could probably easily recruit A number of people without difficulty but I have to question at what expense. I believe many people are lured into this business with the thought of becoming rich. Sure that sounds great. And hey I am game to lose a hundred bucks or so and listen to the spill but in the end I would not be able to proceed without doing my own due diligence. Currently I am making over 250k a year but working my butt off so I guess here are some questions everyone should ask before diving into such a program/ business or whatever you would like to call it
    1. What is your cut on each product and are you willing to offer a client an inferior product so you get a larger commission (I am definitely not)
    2. What are the fees to the customer? Of course there are fees with everything but are they exorbitantly higher so you can make money? If so are you providing a disservice to your customer/family/friend? (I personally wouldn’t be able to sleep at night)
    3. Do most of these associates really know the products they are selling? (I again personally would not feel comfortable selling a product without knowing it backwards and forwards as again you are dealing with people’s hard earned money)
    Bottom line is this….. It is really hard to make money without money. Of course it is possible but very very difficult. I was intrigued with this as I have assisted in the set up with retirement plans with my parents multimillion dollar company and I have helped set up multiple accounts in the past regarding retirement and college plans etc. and brush elbows with people that have money all the time and am respected by them. So if I can help some people make some money and make some at the same time then it is a win win. Right now I am helping people get an almost guaranteed 20-40% return on their money but that will only work while our real estate market is booming in my area. And of course I am only able to do it with big peoples money to support the buy,development,and sale. Anyways, just looking at WFG as another source of income and most of all to help out some friends. But not so sure that will work out. There is no magic bullet to all of a sudden become independently wealthy. Everything takes hard work but I do encourage others to look at other avenues other than 9-5 jobs to accomplish their dreams and financial independence. I also encourage everyone to review the products, their fees, and their true benefits to the client and make sure it is truly something you can stand behind.
    I will review the products and their fees now and would suggest everyone do the same and ignore the hype presented by the speakers and some of the uplines. Rely on facts
    Good luck to everyone

    • August 27, 2014 at 3:33 pm

      If you are currently making 250K+ with your present clients, then you are doing well.

      Google WFG Fraud and see what you find: hundreds of thousands and millions of hits from unhappy people
      who were given the bait and switch routine, sell their clients lousy products, risk lawsuits and loss of reputation etc…

      Do you really want to risk your hard earned reputation with this company?!

      WFG targets agents and clients who are not very educated, those who can barely speak english(immigrants) and those who would not qualify to sell insurance products with any reputable firm…

      If you ever go to their meetings or rallies (it reminds me of a southern religious revival meeting
      for those con TV preachers).
      They never talk about the products they are selling.
      They always talk about recruiting more and more people to make themselves rich.
      It is a “one size fits all” deal of high load, high fees VARs” that
      are not the right product for most people aged 40 and higher
      (since they cannot touch their money for 20-25+ years..)…

      It is marketed almost like a religious cult.
      They have their talking points and catch phrases that
      corporate sends down to all offices and all reps.
      Any questions about their products and you get loosy goosy answers
      that sound like talking points and canned answers that have nothing to do with your questions.

      I have seen WFG, like religious cults, tear families apart.
      You are either with them or you are the enemy.
      There is no middle ground with this glassy eyed group
      or programmed robots..

      I even witnessed with my own eyes a couple of WFG programmed robots
      trying to “work a family funeral”
      and hustle the mourners….enough to make you throw up….

      Most of the Reps I have met with WFG, I would not buy a car from much less trust them with my family’s finances.

      Do not move or transfer your parents wealthy retirement plans to WFG.
      You will be sorry if you do.

      There are many other, more honest and more ethical ways to make your fortune.

      If you want to sleep at night with a clear conscience, then steer clear of WFG.

      Oh and another thing, WFG has such a bad reputation in the industry and with the public
      that some of their reps call themselves reps for TransAmerica Financial Services
      which is a bald faced lie…..
      They are licensed to sell TransAmerica and other third party vendors’ products.
      They do not work for TransAmerica or any of those vendors…

      • August 27, 2014 at 3:58 pm

        Thanks. I have actually invested today to research this company and am really having problems finding anything on their products. I did not go to any presentation etc (my good friend did and of course was pumped up about it) but instead met at a mcdonalds as they thought I had my four year old with me to discuss the details. I was bombarded with compliments that I was tired of listening to and my real questions were not answered about the actual products. They showed me they made 25k last month which was pretty good for not being completely able to communicate in English. I would like to clear up the over 250k thing. I work full time as an icu rn and on the side with engineers on infrastructure which helps my parents company and recently spun off a local corporation. Also on the side have done flipping and developing and have been able to make my family and friends money on this with exceptionally good returns. I make nothing except a percentage of what I invest. Of course I am looking to have flexibility like everyone else and make a good return off of what is so important – my time
        With all this being said, my reputation is very important to me and if I can’t find good data with supporting facts including products with low fees from this organization then I am just not interested. I had hoped this organization would help out some of my friends that just don’t have money to invest in real estate or other tangible ventures but it seems less and less likely
        I absolutely refuse to be a crook like many are in various sales positions. It has to be a win-win

        Do you have a link for any of their products? Or would I have to get from an associate at some random drawn out meeting?

        • January 26, 2015 at 11:38 pm

 is a good place to start. It is so sad that people spend so much energy and time bashing WFG. This business is hard enough without all the negativity that you find on the internet. It is easy to sit at home and hide behind a computer.

          Before joining WFG I did a lot of research by going to other financial institutions pretending I was a customer and asking about their products. Some of these institution include Edward Jones, Wells Fargo, AAA Insurance, Teacher Schools First Federal Credit Union, etc….basically I was comparison shopping. What I discovered is that the products offered by WFG are either on par or better than most products you will find out in the market place. If any one would ever like to discuss this please drop me a line at (redacted)………we should all focus on the positive and stop all the hating. You don’t like something then just move on but don’t bash it when you are working with incomplete information.

      • August 27, 2014 at 7:34 pm






  • August 27, 2014 at 4:46 pm

    History 8888. Tell you what. I will go and meet with one of these associates or whatever you would like to call them and find out what funds and plans they are actually marketing. At that point we can honestly dissect rates of returns and fees as compared to similar products offered by vanguard,fidelity, American funds etc with some having fees as low as 0.2 % with the average over 1%
    I am not interested in paying hefty fees on a product especially since I know that I have a sweet spot now making incredible returns at 0 managing fees. I am looking to hedge some of my money on something I don’t have to worry about but I refuse to try to sell a product that truly doesn’t benefit someone. I always have an open mind but won’t be sold on pipe dreams from others. I will see what they say at our lunch tomorrow

  • August 27, 2014 at 7:36 pm






    • August 27, 2014 at 9:19 pm


      I think your caps lock key is stuck. You should get that checked.

      • August 28, 2014 at 12:39 pm



        • August 28, 2014 at 1:48 pm

          Not my blog… wrong again.

      • August 28, 2014 at 12:51 pm


        • August 28, 2014 at 4:30 pm


          Your logic has more holes in it than a old paper target at a gun range.

          The first part of your post your generalizing that people in general want to say negative things about successful companies. The people posting here had negative live personal real life experiences, they are sharing that. They aren’t targeting WFG because they are in your opinion “successful”. That’s just something you once again are making up, instead of addressing the “real” concerns people are bringing up.

          People can’t follow the WFG system because most people don’t want to run around recruiting other people. In order to make larger sums of money that’s what they have to do. Then in turn they realize WFG for what it really is. If WFG wouldn’t relentlessly recruit it would fail very quickly.

          Lastly you try to use a structured company like McDonald’s as a comparison to WFG. They are completely different business models. A new employee at a McDonald’s knows what to expect. That new employee at McDonald’s would not be expected to turn around and start hiring more new recruits the second he accepts the position at McDonald’s. He has a job, he will know exactly how much he/she makes every week, and it’s up to that person to stay, go, maybe work a little harder and be promoted to another position at some point. Not even close man.

  • August 27, 2014 at 8:13 pm

    Hello Man
    I am just trying to educate myself before jumping into anything and before bringing anyone else into this. I don’t feel I need a lawyer for anything…. just information. I am meeting with a senior marketing director which is a good friend of mine tomorrow and I told her I needed information and details about products before I can agree to anything. She is a business partner with me on some developing projects and is really just trying to accumulate more money for these projects. This system really isn’t about me… it is about helping her and others that need some help making some more money in their life. I am fine with making a few dollars but I really just need to know the product. I don’t need all the hoopla and all that. I want the nuts and bolts. I know many that have been eaten up with costs and fees from Edward jones and such on stock picks that the people are choosing themselves. I have set these people up with scotttrade accounts and instructed them about limit orders and such to cut out the middle man. Look I am all for helping people and getting a small percentage of that cost of the business as long as it truly benefits the customer. And I have never limited myself in what I can do in life. So I will go to my meeting tomorrow and see what information I receive. I am not trying to be difficult or a hard sell but am just wanting some facts. That’s it. I am glad you are doing well and wish you luck on your endeavors.

    • August 27, 2014 at 9:29 pm

      Good luck with that.
      When you try to make sense of this you activate their defense mechanism. They will spam your posts here and attack you with nonsensical replies. On the flip side I am interested in hearing your experience and findings. I’m sure more people will also like a good firsthand honest review.

      • August 27, 2014 at 9:56 pm

        Will let you know so we can try to obtain an unbiased perspective. Appreciate your reflection on the organization. It is important to answer pertinent questions you pose before handling peoples money, time and career choices or steering them in any direction without any discretion. My friend is ready to quit her six figure job already after attending meetings over the weekend and she just started up with the company again (she is currently making $0.00 and is a senior marketing director) so I am just trying to be reasonable and not rash with decisions. I am not trying to bash the company in any way as I truly don’t know enough information to formulate any type of opinion. I do know that there are many other avenues to make money with other than mlm and I have never been fond of this type of “opportunity” in my life but I am always willing to listen to others and make my INFORMED decision from there. I do believe my friend (senior marketing director) when she said she was making six figures long ago with this company as she is an honest person who I have known for years. The details of why she left I believe haven’t been fully disclosed but I have my own opinion of this and will ask tomorrow. I wish you luck and again appreciate your healthy discussion on this topic.

        • August 27, 2014 at 11:01 pm


          Good Luck in your search.

          Just be made aware that WFG is a multi level marketing pyramid scheme.

          Some people make money at these schemes…
          Those who start the scheme and/or get in early and /or
          get hundreds of people working under them who are productively selling product.. No matter how bad it is for the clients.
          80-90% of the people wash out after surrendering their complete contacts list to be harassed and plowed through and high pressured.

          If 10% make it, then you would need to go through at least 1000 recruits or many more to get your at least 10%
          Producing recruits under you in your down line to succeed in this scheme
          or 100 people under you

          If you value your reputation and your valuable contacts then this could be a terrible move that could undermine your other businesses.

          Also, WFG is not a part time job..
          It is a full time 24/7 job
          that could suck the time and life out of your other income producing businesses…

          I have known people who were in retirement with very nice portfolios who relied on their generous retirement benefits to live who were approached by glassy eyed WFG Rep’s
          to transfer their investments to WFG..
          with high loads, high fees, much worse returns..and the stipulation that once they put their money in they cannot touch it for 25 years?!
          This is common practice with WFG.
          Many lawsuits against WFG and it’s Reps.
          Their primary motivation is commissions and fees for themselves and the client comes in last in their list of piorities..

          These VARS that they have been pushing are fools gold that have been panned by most astute financial experts.

          WFG was also aggressively pushing the. 1% negative Amortization Option Arm mortgages before that market collapsed and caused millions of people to lose their homes…
          Be very careful and make the right decision for you and your family.

          • August 28, 2014 at 8:35 am

            “WFG was also aggressively pushing the. 1% negative Amortization Option Arm mortgages before that market collapsed and caused millions of people to lose their homes…”

            This I believe is why my friend originally got out of WFG….. this left a bad taste in her mouth and some sleepless nights when one of the customers told her that she had lost everything so she walked away and gave up all her clients she still had. There were many lawsuits tied to this and not something they still do but it should make you at least a little wary.

            Honestly there are so many negative stigma’s about the company it would be difficult for me to say that I work for them (and I just started researching this yesterday). I would never push a product on someone as that isn’t my style. I grow relationships and have obtained the trust of a number of people. I would never jeapordize that for a few bucks. I will look at the products but have no interest in going to big meetings nor throwing in a number of my friends.

            We will see

        • August 28, 2014 at 10:49 am

          Hi Christie,

          I have read through all your eloquent comments, on this one you mention someone that “is ready to walk away from a 6 figure job after attending a few meetings with wfg?”. I would have to say that I would be very skeptical of that. If you have an existing well paying job and you attend a few ra-ra meetings and your now ready to go recruit + sign up people at weddings, parties, funerals, “get together’s” for no guaranteed wage or income, you need to think that through a little more. That is a real step down…

          Secondly if you are making $250K/year why would you not simply get your securities and fund licenses and consider opening your own Edward Jones or Investor’s group franchise. If you want to be even more responsible with your client’s money become a “fee-only” planner and you can sign people up to any companies products and you can charge people only 1/2 % commission (whatever you want to). Advertise yourself as such. Also If your creating that kind of income stream for yourself per year, your business and your personal investing possibilities are endless. I would also say why take on something else, you really don’t need to? You really don’t need to explore this avenue to make more money with the money you are making. Live off half of what you earn and invest the rest in quality individul securities, you will be set for life in a few short years.

          • August 28, 2014 at 11:35 am

            Yes pretty ridiculous to quit your six figure job when you are just getting started again. It is kind of laughable actually and she is actually trying to take fmla to work the business full time while still keeping her job for now. She has a good thing going with developing but doesn’t have a ton of cash and well of course she wants to get out of her full time job quickly. Again, there is no magic bullet nor get rich quick schemes to allow you to quit immediately. And it is true most businesses fail and it isn’t easy to start up a new business. It is true that franchises are more successful but at a cost typically.
            You are probably right about an investor’s group franchise, however my time is severely limited and this would be time consuming. I have been extremely fortunate in my life as I am surrounded by successful people (parents and in laws) and they have given me opportunities that many others just don’t have. I take nothing for granted and appreciate every bit of help I have received along the way. So I have been able to tap into a growing and successful business that I had wanted to quit the first year I started it (now on year 3) and have grown my flipping into developing for even more profits that have helped everyone that has invested make some really good money. I guess WFG was never really for me but a possible angle to help some of my really hard working friends that just can’t seem to get ahead in life make some money as they don’t have much money to invest in some of the lucrative real estate deals.
            So in the end, I will have to see what opportunity is out there for some of my friends who need some help.
            Thank you

  • August 28, 2014 at 12:57 am


    I would say my best suggestion but you already mentioned it. I used to do wfg but i quit because it’s not my passion to sell financial products. To me network marketing is the best thing out there. Especially how the economy is now and where it’s going. A lot times I was told it is a pyramid scheme however I had down lines that made more money then me. I understand why they call it that because generally ignorant people categorize what they have no clue about. For example how in the past how white racist categorize all nonwhite as colored. Or how a year ago my daughter called any animal she sees as dog. Some people don’t do it because of the stigma alone however what is a good business. I see on news at least twice an year that either some cop killed someone, or a lawyer allowed some pedophile free, or some doctor ruined someone life, earlier I saw how the news misconstrued a 5 years old from wanting to be cop to be killer on a interview. I can go on and on for any industry. Also let factor the economy there is baby boomers and echo boomers that makes majority of the population then factor the health care and technology development would obviously make jobs difficult in near future. Then if you do gets jobs then I have another concern what about pension smoothing and how social security would be obsolete so when can you retire. Most likely with this plan you will work till you die or face struggle. So that why I say network marketing isn’t perfect but it is the best thing out there. By the way most people 401k plan is less then 1k according to labor of bureau. By the way a lot companies are looking into P4P (payed for performance) just because it’s provides less risk to company and gives higher probability in solvency. Also according to wfg disclosure report average senior marketing director makes 45k to 100k+. By the way Metlife laidoff a 3rd of their employees and they have dental coverages contracted to the military. If you like to know where I get my information I don’t mind sending you my references.

  • August 28, 2014 at 1:31 am

    I don’t blame the people who they think they run their own independent business and dream that they’ll be rich within a short period of time, but they’re not. The WFG system uses them right at the beginning. When the new recruiters joined, their system already force them to purchase their products, and then like other already stated their relatives, family, and friends next. If their system is honest they shouldn’t force them at the beginning to purchase their product, and have them list 25 names so they will go with them to talk to those people. If their product is good, it automatically has the customers find them to purchase their product. They do not need to keep recruit and recruit more and more people to bring in clients. When we see a system that keep recruit the new people, there is a red flag tells us there is a high turnover. I understand every business need to hire more people, but not all the time. Their system lies that the business doing very well, so they need to keep hire new people. That’s a fool. Who wouldn’t want to have all the commission for themselves? Why should they want to bring in the new recruiter? There is only one reason is the new recruiters and their friends and families are buying their products.

    Their system said that you’re on your own business, but why you need to be promoted by their system up to trainer, and then higher rank? And there is a requirement to get promoting! Aren’t they run their own business? Everyone who represents for WFG say they don’t have boss right? Then why those ranks need to be existed? Their system is not honest at the first place, so how do they expect their people to be honest to their clients? No honesty who would trust the system to handling the clients hard work money?

    To be honest why would we want to invest our moneys for 10 to 25 years later to get the benefit. No one can guarantee what will happen to our moneys by the time it reaches to the term end. Why not invest now into purchase a condo, or a house and 25 yrs later we have a real assess. Why not open a business, be our own boss sounds more realistic than handle our moneys to WFG or other banks and investment companies.

    I don’t blame the people who they think they’re their own boss and keep trying to bring in the client for WFG. The one who created its system is so evil. They were told they can make 50k a month. That’s a bait. The system can bait their own people, do they be honest to their clients? It’s a big NO NO.

  • August 28, 2014 at 1:32 am

    I don’t blame the people who they think they run their own independent business and dream that they’ll be rich within a short period of time, but they’re not. The WFG system uses them right at the beginning. When the new recruiters joined, their system already force them to purchase their products, and then like other ppl already stated their relatives, family, and friends next. If their system is honest they shouldn’t force them at the beginning to purchase their product, and have them list 25 names so they will go with them to talk to those people. If their product is good, it automatically has the customers find them to purchase their product. They do not need to keep recruit and recruit more and more people to bring in clients. When we see a system that keep recruit the new people, there is a red flag tells us there is a high turnover. I understand every business need to hire more people, but not all the time. Their system lies that the business doing very well, so they need to keep hire new people. That’s a fool. Who wouldn’t want to have all the commission for themselves? Why should they want to bring in the new recruiter? There is only one reason is the new recruiters and their friends and families are buying their products.

    Their system said that you’re on your own business, but why you need to be promoted by their system up to trainer, and then higher rank? And there is a requirement to get promoting! Aren’t they run their own business? Everyone who represents for WFG say they don’t have boss right? Then why those ranks need to be existed? Their system is not honest at the first place, so how do they expect their people to be honest to their clients? No honesty who would trust the system to handling the clients hard work money?

    To be honest why would we want to invest our moneys for 10 to 25 years later to get the benefit. No one can guarantee what will happen to our moneys by the time it reaches to the term end. Why not invest now into purchase a condo, or a house and 25 yrs later we have a real assess. Why not open a business, be our own boss sounds more realistic than handle our moneys to WFG or other banks and investment companies.

    I don’t blame the people who they think they’re their own boss and keep trying to bring in the client for WFG. The one who created its system is so evil. They were told they can make 50k a month. That’s a bait. The system can bait their own people, do they be honest to their clients? It’s a big NO NO.

  • August 28, 2014 at 2:39 am

    Well drunkai I understand your point of view but here a few things your missing 1 according to SBA 97% of home start up business fail 97% of franchise succeed. Whether you work a job or do franchise or any network marketing company it’s for the company. Well for a job your getting hired for whole sale then your services for retail. If you do anybody business who would you tell first your family or strangers. The system is the most fairest system I have seen thus far if you know of a business that you can get in free and get full commission please let me know I’ll put my money on it. E
    2) you mentioned why invest 10 to 25 years to get benefits rather then do retail well why do people fund 401k and forced to get term insurance when the term only last when they work from the company. 401k tend to go to zero If the company bankrupts like enron and airlines. And the fees are huge it’s gives the companies who manage it 70 billion + in revenue sharing.

    • August 28, 2014 at 12:45 pm

      Yes you can tell your friend and family about your new franchise or new retail store, but you can’t force them to go there and buy the product. Plus, those franchise and retail store everybody know who they are. WFG is totally different, they’re most complicated business out there. The new recruiters is newly to the industrial, they know nothing about the WFG, and bang you use them to be your money maker upon their new arrival, their friends and family already. The system is really evil! I would say the new recruiter in any business need at least more than a year to understand about the company they’re working for, and what product is good or bad.

    • August 28, 2014 at 12:59 pm

      Yes you can tell about your new franchise or retail to your family and friends, but you CAN’T force them to go there and try out your product. Although the franchise and retail everybody knows about it. WFG is totally different, it’s most complicated business for the new recruiter, and bang you use them, friends and family to be your money maker upon their new arrival. That’s really evil practicing. Every business the time frame to understand about that business is at least 6 months to 1 year. The WFG system is making money upon the new recruiter, their friend, and family. When they’re still fresh, they’re irresistible to purchase anything WFG force them to buy.

  • August 28, 2014 at 3:53 am


    I would also add that condo and houses are more complicated investment because of a few things for one even if you buy the house through a mortgage depending on market it can raise or not just like 2008. Secondly the value of your house can go up or down too. Thirdly depending on location your home insurance might not cover all possible contingency. For example in San Diego when the wild fires hit many homes weren’t covered for it there was an entire news on that. Lastly even when you pay the house off you still have to pay the insurance and tax property now let say if you can’t pay the tax property because you retired and not enough in your savings or fell at hardtimes then your house or condo will have a tax lien and if you don’t pay it off in time then whoever purchase your tax lien obtains your deed. Which is tax law IRC 6321

  • August 28, 2014 at 8:15 am

    Thanks Jasper and Drunkai,
    I agree there aren’t many places you can just go and start up a business with a hundred bucks and could possibly do pretty good. I don’t like how they want you to give up a number of names of family and friends. That isn’t how I operate. I would like to say a few things about real estate. Many many people have gotten very rich off of it. Some started with very little. Some started with some small flips and moved to developing where there is potentially much more money. If you move quickly, you can be ahead of the game if the market crashes again for real estate and it will. And there will be more opportunity once again here at depressed prices. My suggestion, get with a realtor, know the area you are working with and work with someone (preferably someone that has done it before). My friend is only doing WFG in order to have more money for developing as each project is expensive. I looked at WFG as well I need to set up a few more accounts for myself and some college funds and may want to relook at my parents simple Ira plan for the employees at work in which the financial guy is getting a hefty commission. My time is so very sparse between running a couple side businesses that are actually making me money along with my full time job so in no way can I add something that requires much of my time. I was trying to get some of my close friends out of healthcare who really have no money with this “opportunity” but I may just have them help me with some importing or with finders fees for properties. I will go to the meeting with an open mind today. I also went and received quotes from transamerica online last night. I will compare with what we are offering and rates at WFG
    Good luck to all

  • August 28, 2014 at 4:57 pm

    Maybe I’m just not understanding your grammar but I just can’t see how wfg is a scam. If your trying to say because they have lack of education that doesn’t mean anything. I haven’t found one person honestly tell me each subject of each book of each class they took. By the way for profit schools are under investigation I’m not sure if they are done with it yet.

    I’m going to ad a quote from IRS.

    “There are two types of direct selling companies – single level marketing (SLM) or multilevel marketing (MLM). Single level marketing (SLM) companies reward direct sellers for their own personal sales activity. SLM direct sellers cannot take on other distributors or sales representatives. Income comes from commission or bonus on sales.
    In a multi-level marketing company, sales representatives are able to sponsor other distributors or sales representatives and receive a commission or bonus on the sales made by their underlying resellers. This recruitment of down liners is necessary to increase a sales representative’s sales force and thus generate a greater number of sales. MLM’s are often referred to as network marketing companies.
    Multi-level marketing differs from an activity called a “pyramid scheme.” Pyramid schemes are illegal scams in which large numbers of people at the bottom of the pyramid pay money to a few people at the top. The success of a pyramid scheme relies upon a never-ending supply of new participants.
    Pyramid schemes seek to make money quickly. Multi-level marketing companies seek to make money with their representatives as the business grows by selling their consumer products. Multi-level marketing companies have a start-up fee that is small with a starting sales kit being sold at or below the company cost. Multi-level marketing depends upon sales to the consumer and establishing a market.”

    If you read further you can see you can retrieve your money back at the end of year for being a wfg agent plus be able to deduct a lot during tax return. Btw there are 20 billion dollar companies that don’t pay corporate tax.

    Now let’s talk about products obviously the products their are great few of them are top 10 in the industry. So if you’re trying to make a point please explain.


  • August 28, 2014 at 5:13 pm


    2 years ago I would have agreed with you its not smart to change over when you already make 6 digits but I met a senior marketing director who used to be an network engineer but he hated his job because he didn’t spend time with family but 4 years ago he quit his job after 3 months and now he make 6 digits in wfg. His last name is balanza.

    For other people apparently you guys are so smart that wfg is a scam that the 150 companies don’t see it plus the government and 50k wfg agents.

    • August 28, 2014 at 6:06 pm


      I am all for people being successful. All for helping your neighbor, friend, family or even a perfect stranger. I never have eluded to WFG being a scam. It is my understanding that aegon and Transamerica is using/utilizing a team of people as independent contractors that they do not have to keep on salary or pay benefits and only pay commissions. I don’t believe there is any extensive training given to these new associates and they want these people to go and sign up policies for their friends and family. It is drilled into your brain to go and recruit more people so that more family members and friends can buy policies. So WFG is just a clever arm of these really big insurance firms. Can you make some money in this organization? Absolutely yes. Are there some good products? Absolutely yes. Are there bad products? Absolutely yes.

      I guess this all boils down to who are the associates and senior marketing directors etc. Are they honest and ethical people? Will they educate themselves enough to be able to put the right products in place for their client? Will they choose the right product depending on the variables such as age, risk, price, etc of the client even if they know their commission would be higher on a less relevant product?

      I know my friend is so ready to get out of her job and she wants flexibility etc in life. And we to know of people that have quit their job after working for the organization.
      My point is lets not get ahead of ourselves and quit our job and yet still haven’t made a dime. I know she will work hard at this and I am sure she will make some money.
      I am all for multiple streams of income and encourage all to not solely rely on one career or profession. Think out of the box and be open minded.

      I believe I will help some of my friends analyze some of the better products that will actually benefit customers and help them close some deals after they get their license and make some extra money to pay off their debt.
      That is the plan anyways.

      May I ask why you aren’t working with WFG any longer? You had said it wasn’t your passion. Is any mlm product something truly to be passionate about?

      • August 28, 2014 at 6:27 pm

        WFG is a marketing company (MLM) with licenses to sell insurance products for various companies.

        It is derived from World Marketing Alliance (WMA) that was closed down for massive fraud.

        One of the founders of this WFG was formerly involved in Primerica(also had serious legal problems)
        and other similar companies(Humbert Humphrey no relation to the former politician).

        Other problems with this company and way of doing business (MO) include

        The insurance companies that give them the license to sell their products want as many products sold as possible
        and they do not care if the Reps have to bend or break a few laws to do it.

        They use unethical sales practices and have been sued and criminally prosecuted in some States (California)
        for selling unsuitable products to seniors and others…

        I have seen and witnessed the illegal and unethical tactics
        used by WFG.

        They will make new Reps sign disclaimers and indemnity agreements
        meaning they are training you to break many laws and regulations,
        but if you get caught doing it
        then you did it on your own
        or if you are sued
        then you are on your own and the home office is not responsible for your actions..
        (what a company?!)
        Then, WFG can claim that they just had a few “rogue agents” not following company policy
        when the training, processes and procedures all come right down in detail from their
        corporate headquarters in Georgia……

        Everyone in their nationwide system is trained in WFG’s
        internal recruiting and sales processes and procedures
        so to claim agents did it on their own is a load of BS…

        They people on the top of the MLM sales pyramid are making enough money to hire
        expensive lawyers to try to keep the regulators and lawsuits at bay.

        (If you have enough people sell even the worst product like a pet rock
        or a terrible option ARM negative amortization mortgage
        designed to make many lose their homes)
        then those at the top will still make money and fees.

        But, you must be aware that they will not pay your legal fees if
        you are sued or if you are investigated by the Federal or State Securities regulators.

  • August 28, 2014 at 11:10 pm


    You made a lot of awesome points. First I would say is I would never agree to quit a job until you made money to replace because you have family and bills to pay. Doesn’t make sense to talk about finance when your own house is not in order because your racking in debt . Next let me tell you my experience in wfg yes there I went to meetings there is a lot of inspiration which helped me because I can stay focus on my business. Let me be clear there is numerous of reasons why the system is good for one there is a lot of times we have to call other financial companies ensuring the information we put in is correct because we don’t want the policy to come back denied. Next thing is we have to put our customers first because if we focused on commission more then we will have chargeback. Which then your score would be lower and if it goes to low you can’t sell and you can’t get promoted. So it would be dumb not to think of the customer first. And to do all this usually takes at least 2 appts. One is intial other is follow up. I personally learned a lot from wfg. I’m personally done with wfg because there 2 much offline marketing in wfg. You can’t sell policies over the Internet. I’m simply market online easier for me. I don’t need to make friends or talk to strangers to go to a meeting. That’s what I mean I don’t have the passion for. I definitely as far products you can feel passionate about that is in mlm. For example if you love weight loss there health products personally it not me because I know every body is different and so some nutrients can be harmful to others especially on how much is in it. All im basically saying is in any market there is an mlm for it. A lot of them offer company cars if your production is right. At the end of the day after friends and family where is your market next right. Don’t get me wrong I really don’t want everyone to do network marketing that would be the worse imagine a society everyone is offering opportunities we would be saturated. We would like wall street. Hope this helps.

  • August 29, 2014 at 11:17 am

    Well 85 percent drop out isn’t bad especially calculating the cost to profit. It must be over time it’s 85 percent not within a year.

    37 to 59% of students doing for profit college doesn’t meet employment requirement. what is the cost to get that degree.

    Only 15% of small businesses last over 15 years. What is the cost to startup and maintain that business.

  • August 30, 2014 at 2:06 pm

    Dropout rate for WFG
    is 90% or higher
    According to what I have heard and read

    • August 30, 2014 at 5:21 pm



  • August 30, 2014 at 7:04 pm


    I totally agree with you I can’t take any comment as serious without providing facts or references. When I was in wfg just in our office I saw 85% stayed however that just for our office. I can’t ever take emotions logically or opinions unless there is proof. I know that emotions is the number 1 cause for murder. I research for on what history8888 says but I didn’t find one reliable source stating the same thing. Then I looked at what Paul says his is so vague I don’t even know where to start researching. If you are educated aren’t you use too putting references down to provide an argument?

    • August 30, 2014 at 9:09 pm

      @jasper & man

      I see the WFG cheerleading team is out again. I guess when you people don’t have any answers you resort to attacking people. That’s ok. You only continue to show how desparate you are and how you refuse to listen to the truth or address peoples concerns.
      I pity your clients.

      • October 3, 2014 at 10:11 pm

        Paul I’m still in college looking to start a side gig to make more money. I’m interested in getting into financial services and selling products and growing in the field. Been reading on these comments was going to look at WFG into selling products maybe not recruit. Any way u could give me advice which company to take a look at and work with. Also if wfg products are bad then explain , like to be educated before some one invests so much in retirement plans and other services.

        • October 4, 2014 at 9:30 pm

          @ Jose

          Hi Jose

          I really no nothing about your background, abilities, and strengths. It would not be right for me to offer you advice. Why would you not ask these questions to some of the capable people at your college?

          Good luck.

  • August 30, 2014 at 10:12 pm


    Are you on drugs or something. I have not attacked anyone unless it’s a proven fact. And I know for a fact that there is no product that will help 100% of any person because people either already have it or their financial goal is different. Secondly I’m no longer in wfg. To me your only person that is attacking with nothing that back it up. However wfg to me is just like in the financial field. Honestly you sound like the banker I met the other day he told me there was no fees in 401k and it was the best investment when in fact a lot people lost thousands of dollars in 2008 and the SEC stated there are fees in it. Lastly I didnt sell variable products only fixed and has downside protection. Especially considering how in one month they lost 1 trillion dollars in other people’s money. Honestly the only conclusion I could think why you write negatively about wfg because they are performing better then your company. And fact is metlife fired a 3rd of their employees and working to work internationally though they have a contract with the DOD.

    • August 31, 2014 at 12:01 pm

      You are the gift that keeps on giving. Every time you write something you disprove your own comments. If someone was invested properly in 2008 and did not panic and take out all their money, today they would be in the positive. But you must already know that because you are a financial wizard of some type.

      Again you wrote many lines of nonsense including a useless link because you don’t want to talk about WFG’s inferior high fee products. You just want to bait me into an argument to try to change the real subject and avoid the good parts of the discussion here.

      If you want to make some kind of valid point stick with subjects you are qualified to write about. It’s obviously not finance or investing. I doubt you could even handle a household budget.

  • August 31, 2014 at 1:03 pm

    Paul smh…

    Clearly you don’t understand to me it’s about what’s on principal not of principal. Reason why it is significant is people 401k is based on if money. According to fidelity average 401k and ira is $261k if the person retires with that amount then at age 65 calculations goes like this it gets taxed by uncle sam then calculated against for how long they will live so if it’s 20 years it’s already bad. If 261k divided by 20 equals to $13k per year this is not with taxes or inflation which makes it smaller. Adding possible drop due to market is just another stress to their lifestyle. When you say wfg has high fees how is it possible we don’t own any products nor are we the underwriters. They just sell other insurance or other financial companies products. Look online if wfg is a insurance company you won’t find any. Lastly I’m loving the fact we continue to post here because it great for lead generation. I know viewers have a mind of their own. :)

    • August 31, 2014 at 8:19 pm

      Ummmmm…ok. That’s some interesting math you got there. I do however agree with your last sentence. You have a nice day.

  • August 31, 2014 at 6:51 pm

    @ Paul

    Here you the authors of this blog. They need the opinions and here are all the opinions of what people think of about anything.
    The Truth is you have no idea about what you guys are talking about.
    # No Clues # No Facts # No Real Truth of what you guys are to say to help others.

    Bring some facts of what you have to offer to the people out there in order to help them right way, help them the right solutions.

    We are not good in your views but we will be the best.

    • August 31, 2014 at 8:10 pm


      Please consider some ESL classes so when you write something it actually makes some sense.

      Then try some real financial education, so you can have someone impartial teach you just how wrong you are about everything. Then you can come back here and apologize to everyone.

      • September 1, 2014 at 8:01 am


        Being honest, English is my 3rd language. For the guys like who are really good at English, you should have done something very good. Rather writing some stupid topics about what you even don’t know what you have started all these. Go back to get some real jobs. Study for license, then you know the products we offer.

  • September 1, 2014 at 9:33 am

    Hey guys let’s look at some numbers.

    From my vantage point, the index funds are the ones that are pedaled the most from WFG. I finally got some information on this product and what they are selling. It does have some really good components to it but lets break down the fees and compare to a different policy (this won’t be a comparison of apples to apples but similar).

    Here is how the overview and chart is broken down:

    Your flexible premium payment – I will use the same number from one of my other policies- $780.00
    Subtract your premium expense charge- Year 1 will be $31.20, Year 2-10 will be $46.80, Year 11+ will be $15.60 This of course can fluctuate but it will never be more than 6%

    So if we are in year 1, you will have $748.80 that will be used to buy either global index funds, s&p 500 index funds, or basic interest funds

    From here you will make some interest which determines your policy value and then the following fees are subtracted:

    Index Account Monthly Charge- 0.06% of the Index Account Value (this I am presuming is the management fees for running the account- I do not know if there are other fees tied to the actual funds that are purchased but I am assuming these are the main fees for maintaining the mix of stocks) Let’s just throw out a number $50,0000. So of course at the beginning of your policy you will not be paying much at all on this but at $50,0000 you will be paying $30.00 monthly. Of course I do not know what funds are being purchased and do not know if these funds accrue additional charges- this is never mentioned nor implied

    Cost of insurance- This varies depending on policy amount, age, health, duration etc. I will not put a number to this

    Monthly expense charge- ???????????? I have NO idea what this number is. This is a charge per thousand of the face amount of the base policy and additional insured rider I can have some kind of numbers to plug in here in a few weeks but I have nothing now as no percentages or hard numbers are listed in the literature. Can anyone enlighten me what fees are deducted here?

    Monthly policy charge- Current $10.00 Guaranteed maximum is $12.00

    Additional rider charges- This of course is determined by what rider you want if any- basic insurance charge

    So in a nutshell- You send in $780.00 a month
    After premium expense charges and monthly charges this leaves $708.80. This does not take into account the monthly expense charge as I have no idea what this is based on. This doesn’t take into account the actual life insurance policy fee nor rider fee.
    At this point charges are about 10% of the money are you paying in. Of course this is based on having $50,000 in your account. Your charge would be less at the beginning until your account grows.
    I would also like to point out that the majority of the fees are taken out after interest is accumulated.

    Here are some of the information on the funds-
    Global index fund (Comprising of the S&P 500, Euro Stoxx 50, and Hang Seng Index) Maximum Cap is 15.00%, Guaranteed minimum is 0.75%. Average rate of return from 1993 through 2013 was 9.58%. I have the numbers for each year.

    S&P 500 Index funds- Maximum cap is 13.75% and guaranteed minimum is 0.75%. Average rate of return between 1989 and 2013 is 8.71%.

    Basic Interest Rate- Current rate 3.50%, Cap is n/a, guaranteed rate is 2.0% (obviously this is nothing and doesn’t really keep up with inflation)

    Ok lets compare this to my incredibly awesome VUL account set up by wonderful financial adviser when I was 25. Sense the sarcasm.

    This is for a $1,050,000.00 policy (we won’t go into the actual numbers for the policy as we didn’t calculate these above)
    Monthly charges
    Premium payment- $780.00
    Premium Expense Charge- $39.00
    Monthly expense charge- $32.29
    There are also account management fees for each fund- these are scattered between fidelity, American funds, and voya (Let’s assume these fees are approximately 0.5%-every fund is different but I think this a good estimate) On $50,000 assuming 10% annual return monthly fees would be about $21.00.

    So from my monthly payment of $780.00 I would have approximately $687.71 to be used for the insurance and actually buying stocks/funds.
    I have no protection if the stock market bottoms out in this policy. I have no guarantee.

    In the indexed funds, the money is basically hedged but not leveraged. I don’t really see it as a bad deal. Of course there are still of the equation that I don’t know and can’t fully make a decision without seeing it (monthly expense charge). I also know that the basic charges seem high but we should take them into perspective of where they are stemming from.

    This post is dealing with one of the main policies they push and in no way is meant to delineate WFG as a good or bad company. It is obvious that there are many challenges with the way they have conducted business in the past which are linked to their leaders.

    Please feel free to discuss any of these numbers as I threw them together pretty quickly and did some generalizations.

    Have a great Labor Day!

  • September 1, 2014 at 10:03 am

    I also wanted to state that I do have accounts with Vanguard which have low management fees. So the cost of purchase and maintenance is pretty low. There is no guarantee on these funds so there will be highs and lows. The same can be said for 401k’s,457’s, 529’s, ira’s (all of which I have accounts with as well).

    The index funds are really a different type of investment altogether and I honestly believe someone’s portfolio should consist of a number of different transactions. There are some tax advantages as there are with many of the other types of retirement plans.

    I believe that everyone’s portfolio should be a balanced mix of different types of saving and retirement plans and I know the index fund will be an expensive component for many and could be considered as a safety net for when the stock market depreciates. It really depends on what the client wants to spend each money on retirement options.

  • September 1, 2014 at 3:00 pm


    I completely agree with you on everything you wrote. Wfg before didn’t know what they were doing when they were called wma. When aegon and transamerica came in they fixed it up. Aegon is number 234 of the top companies in the world which means the company solvency is high. They back transamerica and wfg. Which is impressive out of thousands of companies out there. Solvency says a lot it would determine whether a company will fail or not. There has been over 500 banks that failed and 50 of them not acquired.

  • September 2, 2014 at 7:46 am


    Yes no doubt aegon and transamerica are huge companies.

    Do you have any idea what the monthly expense charge is for the calculations above?

    If you look at the figures above and assume you have $50,0000 in your account the fees will shave off approximately 1.6% of your earnings each year. So if the average return over a number of years is 9.58% then that leaves your actual return at about 8%. Following the rule of 72’s that means it doubles about every 9 years. That’s not bad. Yes you can make more in other funds but there will always be risk involved.

    Is the index fund for everyone? Of course not as it is an expensive product to fund correctly. But I do think if someone has money and actually wants to put away a decent sum of money each month it seems like a reasonable move to diversify and hedge some of their retirement.

    If someone is working with limited money then it definitely isn’t for them.

    I still don’t have the information about the monthly expense and this really needs to be part of the above equation.

    I really don’t know much about any of the products that WFG is pushing. I only received information about the index funds (I tried to break this item down). and some information on long term care riders etc (overpriced I am sure)

    Wma was a terrible organization. WFG is an inexpensive option for aegon to push their products. Have they cleaned them up. Yes. Does it still have some corruption and misdeeds. Probably so. Will they support their associates if sued. Seriously doubt it. Do I agree with running and signing up all your family and friends. No. Do I want to go to a bunch of rah rah meetings. Naaaah

    The key to life is to be diversified. In everything….. Your career and finances. Take advantage of the market as timing is so important.

    Enough of my rambling. Have a great day!

    • September 2, 2014 at 2:08 pm


      Just a couple of points here.

      In a post above you state you have some low cost Vanguard funds. Here you state an index fund has a fee of 1.6% and that is resonable? That is incorrect as Vanguard would charge only 0.20% on a similar fund. Secondly the rule of 72 cannot apply to a mutual fund. The fees, and we don’t have that picture yet here can eat a huge hole in those returns. Was there a front load fee ? Is there a trailer fee? Was the client put into a loan to fund this. All that further eats away at returns.

      Also although your being detailed in your posts your getting away from the message again. This blog post is not about recruiters and what they can make. Its for the clients and also the people who sign up at WFG and 3 days later are asked to find 10 new people to sign up. These people fall by the wayside. If you are being genuine here in considering if this is an ethical business then I think you should consider that first.

      • September 2, 2014 at 3:12 pm

        Hello Paul,

        Yes I have vanguard accounts with low fees. I believe most are averaging around 0.5% or so. Their index fees are some of the lowest in the industry at about yes 0.2% although other average 0.7%. If you look at my post where I stated an average of 0.5% it was an average of a number of fidelity, american funds and voya. There were a number of funds in these accounts and not just index funds. I believe 0.5% was a fair assumption. Honestly if I broke each fund out it would probably be more than this. I think everything should be taken into consideration when looking at fees and the product you are receiving. For instance lets take this scenario. Let’s say I have an account with 50,000 in it. Let’s say the market bottoms out like it did several years ago. I lose a ton of my money in my vanguard account. It takes me 5-6 years to make up for my loss and be back where I started. Sure the fees are really low but how did that help my portfolio? Yes the fees seem high at 1.6% but if I had the same money in this account I would be out less than 1% those 2 really bad years and at the 5-6 year range on that same amount of money I would have a ton more in my account than my vanguard account with the lower fees. So from this perspective the 1.6% I can live with and my portfolio could live with it.

        Regarding the rule of 72. This was a generalization and I plugged in the average over the life of the fund. It was to obtain an idea of about what you would have. Of course each month you are locking in rates and this will vary so this figure will not be exact. Only an estimate using compound interest.

        Perhaps I got lost in what the post was about but I was trying to provide some factual information for everyone to make informed decisions.

        Like I had said before, I am not interested in dragging a bunch of people along with me to sell insurance or such. My intention was to educate myself and others in this product that one of my friends is involved with. I would not want to be part of a system where those around me fail. I know WFG relies heavily on signing up new recruits. I got that. It is abundantly obvious and I had to tell my friend to stop and focus on the product. I am trying to look beyond that at some of their products from aegon and see if they would benefit a client.

        My honest opinion. They seem to have some good products. I am not a fan of how they operate. I guess it really depends on the team around you. And I stress team.

        Hope you have a great day.

        • September 2, 2014 at 4:45 pm

          Watch out for “surrender fees”

          Which can be huge and eat a substantial amount out of your accounts.

          Read the “fine print”.

          Many WFG Reps are attempting to get people to transfer their retirement and insurance
          accounts and do not inform the clients that many of these accounts carry
          very large ” early surrender or transfer fees”..

          Many lawsuits against WFG Reps on these issues..

  • September 2, 2014 at 11:26 am

    Christie, I don’t remember the fees however the big push is the ffiul which is the one you mentioned earlier

    “500, Euro Stoxx 50, and Hang Seng Index) Maximum Cap is 15.00%, Guaranteed minimum is 0.75%.  Average rate of return from 1993 through 2013 was 9.58%. I have the numbers for each year.

    S&P 500 Index funds- Maximum cap is 13.75% and guaranteed minimum is 0.75%. Average rate of return between 1989 and 2013 is 8.71%”

    The company does protect its people because each associate has to pay $30 a month for lawyer insurance lol don’t remember what is the short name for it. It’s mandatory to have to sell products. That’s the beauty of recruiting because it allows people to make money if they can’t save enough for themselves. Each associate is recommended to have a product. They also take care of debt through debtAmerica too. They are legit now because of transamerica and aegon.

    • September 2, 2014 at 12:16 pm

      Be Careful about investing in VARs,

      That is primarily what WFG pushes: high load, high fees, long term VARs.

      According to financial experts writing for Forbes magazine,
      VARs are most often not a good investment for anyone’s family financial portfolio.

      And, after the recent market crash, many large insurers arbitrarily and capriciously
      sent out a “change of terms letter”…
      Meaning the “gains they guaranteed” were over stated and not realistically obtainable
      (they lost money on the VARs, but still paid themselves high fees and high commissions).

      The results?!
      Many Clients who purchased VARs had a portfolio seriously reduced in value.
      Some Clients were even faced with “cash calls” to bring their accounts up to certain levels.

      Read the fine print and be very careful before you buy
      or sell these products.
      Lawsuits are frequent and frequently successful against the sellers of these products.
      Google it…

    • September 2, 2014 at 12:32 pm


      Are those also known as “Principle protected notes”? Like the products banks push that are only “linked” to indexes or utilities that max your return but give you that “piece of mind” guarantee that you won’t lose your principle. Which after fees and inflation means you lose money….

  • September 2, 2014 at 1:21 pm


    Oh no man its not like a CD it’s permanent life insurance with cash value.

    • September 2, 2014 at 4:48 pm

      Read the fine print.

      Many VARs are called insurance by the Sellers
      but they are not insurance at all….
      They are investment contracts…
      It could have negative value when the market takes its cyclical downturn…

  • September 2, 2014 at 5:54 pm


    Your the funniest guy in the world I enjoy your comments because it so wildly crazy at post 19 you wrote

    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.”

    If that is the case wfg is bigger then any company in the world. Apparently you don’t like 401k, tsp, vul, and etc. By the way for a decade i havent seen anything about wfg people getting into any form of lawsuit where is resource from your head. So you shouldn’t promote jobs because that is what your getting. By the way do you know what a term is?

    As far as is wfg ethical if wfg isn’t then apparently a lot of companies in the same boat. How does pawn shops make money under buy items over sell items right. Is that ethical? What about charity organizations less then 45% go to the cause for most of them other percent pays people. For example als association put 28% to research only

    • September 2, 2014 at 8:08 pm

      Google WFG or World Financial Group Fraud
      and you get over 34 Million hits…

      Law Firms specialize in successfully suing WFG and its agents….

      It is common knowledge and there were a ton of lawsuits against WFG and its agents
      for having people refinance there homes take out equity and put it into securities before the crash.

      Even other posters on this forum have admitted as such…

  • September 2, 2014 at 8:38 pm

    History 8888

    I Google what you wrote and all I found was bloggers and customers with complaints which all could be one person or many persons if your telling me that is reliable source to you all I can say is wow. Your probably the most gullible person alive. Do you believe in flying spaghetti monster too? I know what I’m saying only because I look at reliable sources and calculated the numbers.

    • September 2, 2014 at 10:06 pm

      You know jasper…

      For someone ( your post 107 above) who claims you are no longer involved with WFG you spend quite an effort here defending them and passionately attacking those who try to make valid points here. Somehow I find that difficult to understand. I suspect that you are still involved with WFG and you are not being 100% up front here about your connection to them. I’m also going to guess there are a few made up posters here that are all the same person just using different poster names trying to fill up this blog with useless information and staged conversations with one another once again in an attempt to discredit the information here. I think most people see through all that though.

    • September 3, 2014 at 12:21 am

      Goverments in Canada and across the USA including States Attorney Generals have sued WFG..

      Canada even set up a special complaint procedure for WFG…

      There are prestigious attorneys and law firms who specialize in suing WFG successfully…
      So don’t give us any of your baloney..
      Or smoke screens

  • September 3, 2014 at 9:47 pm

    Like I said earlier I’m still not part of WFG but I support them because they are a good network marketing company. That is approved by FTC. Secondly I personally your not being 100% with us neither because how can you be for opinions that is against WFG but when sonebody says something for it you tell them to start research more or they don’t know what they are talking about. Like how you did on post 25, 53, and 63 and it makes you far from geniune. That is definition of being bias. Would I say wfg is the best company I wouldn’t however I would say as far as in the financial field it’s one of the better ones out there. If I was in a company and another company was doing better in production and services of course I would spend time talking shit too. I’m just saying. Job security is important for some people.

    • September 3, 2014 at 10:34 pm

      You know I can only feel sorry for you. After that post you truly have proven you really are brainwashed. Wow. I guess their work is complete at least for you. Lucky others can be spared your fate. Good luck to you.

    • September 4, 2014 at 9:32 am

      More made up garbage….

      The FTC does not approve companies like WFG…

      You just gave yourself up as a member of WFG.

      You are responding with WFG “talking points”

      and not facts….

  • September 3, 2014 at 11:17 pm

    Lol thats your response it only proves my point. I’m not saying wfg is the best but I haven’t found anything better and no one told me which one is better yet. It confirms my impression of you by your response. Only kind of person I know who writes constantly and negatively about any company must feel threatened. Since WFG is on the FTC approved list then only conclusion is because your company is being out beaten by WFG agents. Which says a lot on how much production you make which appears not to be much. I found out what I needed. :)

    • September 4, 2014 at 11:57 am


      Your post is false and misleading WFG “talking points”
      designed to mislead potential clients…

      There is no “FTC Approved list of companies”

      That is an incredible lie
      that is added to other huge whopper lies
      to try to recruit people to WFG
      and to sell people WFG products
      (third party vendor agreements to sell products)….

      • September 5, 2014 at 8:29 am


        by the way do you have any facts? beside google..

        show us the proof or else find a job.

      • September 5, 2014 at 11:50 am

        Man and jasper are the same person. “They” are just hired lackeys by wfg to troll websites and post useless information out there in an attempt to hide their poor performing and money losing products. No point to get into conversations with them. They are not genuine. People who come to this website are way smarter and dont fall for all their BS.

        • September 5, 2014 at 1:43 pm

          Paul N

          I agree with you that this blog is a complete waste of time….

          50-60 million hits on the internet for WFG (World Financial Group Fraud).

          There have been criminal prosecutions of WFG agents (California)
          for selling annuities and products unsuitable for Seniors and Baby Boomers
          and leaving those people distitute.

          WFG is all about making the most money they can
          on inflated commissions, fees, carrying and transfer charges

          and selling people money losing products that do not give their families
          financial freedom as they claim in their cheap and cheesy, false and unethical
          talking points…

          They all sound the same like a they have been drinking the Koolaid of a Cult.

          As you know, “One Size Does Not Fit All”.

          But, you will get the same memorized, phony, fake answers
          to any questions you ask about the products they sell
          even though their canned, nonsensical answers
          do not relate to the questions asked…

          Avoid WFG like the Financial plague or you and your family and friends will regret it!!!

  • September 4, 2014 at 5:22 pm

    So I can the hard copy of the approved list but you can see below that governments made a clear distinction of mlm and pyramid schemes.

    Also you can see Warren buffet owns pampered chef which is a network marketing company.

    • September 5, 2014 at 12:14 pm

      Utter nonsense… but we all have learned to expect that from you.
      None of your links show anything. You continue to miss the point of a blog called “my experience with World Financial Group”. Not “let’s post useless crap nobody cares about”.

  • September 5, 2014 at 5:00 pm

    To paul,

    For one thing I’m not Man and Idk who he is. I definitely don’t write like him. Also on that note your claim of any one posing is someone else means either your a blackhat hacker or talking bs.

    Secondly these posts rather been fun. I hear a lot of complaints but no solution therefore by that definition your bitching. There no difference between what you are saying and someone complaining about what time they get to work and how long it takes to get to work and how you want to go home. It’s OK to complain just have a solution. The links are to show you what I say has meaning behind it. Without links shows signs of immaturity with no valid points.

    The links also shows WFG model will never go away and their products will always be selling. So yes for you this blog is pointless. Fact is not everyone will succeed with WFG but there are new people succeeding now. Honestly even though I’m out of WFG I will always be a client because they helped everyone i knew. Also idk of a company that offers products from the top financial companies like transamerica, ing, nationwide, jacksons, Gerber, and more. Since paul and history 8888 can’t come up with anything better they are indirectly promoting all other companies including Ponzi schemes and insolvent companies.

    however how you feel about wfg have proof or it doesn’t mean shit. I can’t trust people online so proof is necessary. All this talk of unsuitable products is so vague that it doesn’t mean anything or show any format of expertise or intelligence. WFG been around for over 20 years so obviously they stayed afloat for a reason so I would respected you more if you added pros and cons.

  • September 5, 2014 at 9:08 pm

    There is no same person that would vehemently defend World Financial Group as being fraudulent as you have and not be paid to do so. Come on now you can tell us the truth. We won’t hold it against you.

    Your links just make your whole position look more foolish. (Even I couldn’t believe that’s was possible). There are solutions posted above and their good ones. You just follow lockstep with your World Financial Group mandate and ignore them.

    You say you can’t trust people online however you have posted links you found randomly “online”??? I mean really… are you that transparent?

    If a company is around 20 years it does not make it legitimate. Again just re read some of your very own posts above. You continuously contradict YOURSELF!

    FInally you referred earlier to one of my posts way up in this thread. Thanks for that, as it’s one of my favorites of yours I responded to. The one where you butcher Condoleezza Rice’s name while trying to sound smart. Thats a classic.

    Finally and again because you don’t listen. There are lots of pros and cons here already I don’t have to write them. There are dozens of people here complaining about their bad experiences with World Financial Group. You just have to re-read them. Enjoy!

    • September 8, 2014 at 11:12 pm

      To Paul,

      I am a WFG member. I returned to WFG after 12 years. I left originally due to some of the unscrupulous things you described. It went on for while until most people quit and the figure heads left for Cali. We now have a small local group who are trying to do the right thing (most of us). Our current group is less than 3 years old and we have uphill battle because previous generation pretty much ruined the reputation. We are stuck fixing old mistakes and its very difficult. Unlike other success story we hear from California, majority of us at the office make very little money and can only do WFG as part time. Issues you describe are caused by people not company. Even at our small local level, I see selfish people who do not understand the product fully but try to sell it off. I take my time to learn each product’s full potential and faults. I will admit majority of WFG agents are minority with lack of financial education who try to teach others what they learned from basic financial literacy presentation. I don’t see anything wrong with that. I do agree that if you’re going to offer wide array of solutions, you better know how to recommend correct products and strategies to your client. I clash with some of the people at the office because they think I’m trying to restrict them from selling solutions when I tell them that they need to know more or have someone experienced involved. Its not a perfect system but at fundamental level, we are trying to do the right thing. How I see it is we’re better alternative than majority of the insurance agencies who sells policy but do not educate how your Life Insurance (structured correctly) can work vs Death Policy (not structured correctly) most companies sell. You can do a youtube search for Max Funded IUL for concept on how this works (majority of WFG business is from IUL). As for Variable Annuity, I hate them with passion. My mom lost half of her 401K in 2008 because some A-hole adviser from Huntington Bank decided to sell her variable annuity behind my back even after I told him to give her something fixed. Majority of the variable annuity, and mutual funds are designed with high fees so its usually better to get ETF or Index Funds in same sector. I don’t recommend Mutual Fund, and I don’t recommend Variable Annuity to any of my client. If they really want one, I tell them to go buy individual stocks in good company. I may recommend Single Premium Annuity and Fixed Index Annuity for those looking for continuous guaranteed income stream. The benefit of this type of product is guaranteed downside risk (0 loss during down years). Cons are limited potential growth (very low cap 2 to 6%- potential growth). I recommend them to people who have money sitting in the shoe box or savings that is growing at 0.2% (national avg for savings) since its better option. As far as fees are concerned, if you don’t buy a income rider (additional benefit for a cost), there is no fee for client except for surrender charge if they cancel it all together within certain time period. Even without cancelling, client can access 10% of their money every year for majority of the products out there. Some products come with return of premium after 3 years if client doesn’t want it anymore. They can literally get all their money returned. For people who are older who doesn’t want to risk their money in the market, these type of products are great alternatives to CD’s. As you’ve mentioned Vanguard having low fees, that is true but did you know that there are current government litigation against Vanguard for double standards in fee structure? They charge one group very low fee (less than 0.5%) and another group much higher fee depending on where the investment capital comes from? They were able to do this by hiding tax liability using a loop hole no one noticed until recently. Other brokerages have put formal complaints because they were paying taxes on the growth but Vanguard was not. There is always cost of doing business and even at Vanguard, they have their vice. It doesn’t matter what company, if you look hard enough, there is always dirt and there are always people who are unhappy with their service. Only thing I can do is I do it right and train others to do right. Those others who do not do things correctly, shame on them but I do not have power over them. Don’t group all of us as bad when there are few of us who fight to do things the right way.

      • September 9, 2014 at 6:58 pm

        Dear Rob, Victoria, jasper and MAN.

        It is so obvious you are all working together or the same poster. As soon as jasper and man stop posting, somehow Rob and Victoria mysteriously find this blog started in 2011. (These two people never posted before) they sort through 370 posts over 4 years of people complaining about world financial group and pick out mine and history8888’s posts and reply to them. Really how is that at all possible? Think about it. It’s not possible.

        They post the same nonsense which is a lot of fill with no substance, rather then addressing the original issue which once again for the cerebrally challenged, is people’s bad experiences with world financial group.

        It’s pure BS again. THERE IS NO VICTORIA NO ROB. Only a faceless team of cheerleaders for world financial group.

        I suspect since you all only post late at night at around the same time consistently, your not even in North America. Your job is to troll websites that post true but negative posts and fill it with spam replies. What desperation you have.

        I’m sure people have already figured this out for themselves and are making smarter financial choices.

        • September 9, 2014 at 7:16 pm

          Wow, Paul. I thought you were more reasonable person than I gave you credit for. I happened to be up searching for an advertisement that WFG put on the Forbes magazine on Google and your blog was first thing on the top so I thought it was something about the advertisement. Search “world financial group forbes ad 2014” Who ever the originator was, asked for “my experience” so I put it on here. I’m offended that you’re accusing me of something when only thing I did was address the original question. You were the one that gave crap to others for jumping the gun but now doing the same thing. What does that say about you? Whether you choose to believe me or not is upto you and other readers. I live in Ohio and I am a night owl (bad habit from college days). You can assume whatever you want, I just hope you do the right thing. If you see bad WFG agent, point them out but if you see the good ones, make sure you praise them also. Don’t just persecute all of us.

          • September 9, 2014 at 8:01 pm

            Dude it’s impossible for you to have zoned in on my post. And for the third time this is NOT MY BLOG. I only post on it. I too have seen poor examples of people being taken advantage of by wfg agents and to be fair Primeamerica agents as well.
            There are so many frustrating false comments posted here is ridiculous.

          • September 9, 2014 at 9:00 pm

            I’m not sure what you mean zoned in on your post? I’ve posted few above addressing some of the questions here and yes, I actually sat through for 2 hours and read majority of the posts. I find the post interesting since you get to hear from both sides. I’ve been burnt before but hoping this time will be different. I don’t believe WFG is for everyone and I have burnt bridge from friends to prove it. Your name constantly came up and almost everyone of the post you asked for hard proof. I even posted product info on some of the posts. I tried to answer you since you almost became moderator for this blog by default. I’m just saying you can’t say all the positive comments are false and all the negative comments are true. I’m sure there is little bit of both just like any discussion when one side is trying to pursuade other. I’m just saying don’t make assumptions that you nor I know for truth.

  • September 5, 2014 at 11:56 pm

    Truth is I don’t know who man is. I personal belief is why hide your name if you want people take you seriously. If you actually looked at the links I sent it enough proof to say that the business model is legitimate by law. Any company that’s been around in personal view is legitimate but ethical can be a question. At same time for a business to be a business they have to make profit. So it does depend on a lot of different factors. I do see a lot of people promoting wfg and people not complaining. Here is where I have an issue with how can someone complain about company and not know the in and outs of a company. WFG is very complicated company because it affiliated with many companies and the industry is already complicated. In reality no one can pin point anything on WFG it’s impossible. Also rereading a lot of posts this blog becomes quite ridiculous. If you reread your post you can tell you have contradicted yourself too. Only product I found was awesome is the ffiul so I’m keeping it. It proved me it is safe, and it can make me a lot of money overtime. I can add additional riders to it. Lastly as far as network marketing goes they say 97% fail and only 3% succeed I need to see their sample group on that statistic because my circle of friends are in different network marketing companies and they flaunt me their paychecks with their companies name on it. I can say for certain it good money to live off of. The lowest is 7k a month. Plus I’m happy for people who trying to find other sources to make money that’s way better then people struggling then doing something crazy. Then end up working for UNICOR. Enough said this is my last post. I’m only stop posting because this whole becomes quite ridiculous and waste of time. If anyone want to email me it’s

  • September 7, 2014 at 10:01 am

    Paul & History888

    Now you guys don’t have any proofs why WFG is the best.
    So that you are telling Man and Jasper is same person.
    Being honest now I feel like Paul and History888 are same person.
    Well search me in Facebook Man Lama. I do not even know who Jasper is.

    Guys to be honest I like this post a lot because Paul a blogger, is making a good money from this blog and he found one of the best topic to talk about which he doesn’t even know about what he is talking.
    He has no proof. He doesn’t even give us a link why this company is bad.
    He talks about this company is legitimate. Well show us what legitimate is.
    How do we find if any company is legitimate or not? Show us proof and then we will discuss more.

    • September 7, 2014 at 5:31 pm


      If you could read…
      Not my blog… Again

      You guys are so unoriginal you simply copy what I say like a parrot. I’m sure as you two are proffesional world financial group cheerleaders and write anything to try to hide the bad experiences people have with World financial group.

      Links mean nothing you only have to go over the 300 plus comments above for anyone to find the proof they need.

      Once again your examples show your ignorance. You can’t compare a TD bank to WFG? I know you know that you simply want to create meaningless talk in your attempt to hide ally the peoples posts here about their bad experieces with world financial group.

  • September 7, 2014 at 10:21 am

    Guys also don’t forget to search about the companies you are working with. I am sure they have bad reviews too. Or even search reviews about Google, you will find bad and good reviews.

    Talking about wfg being a part of WMA.
    Search the history of TD Bank. You will find what happened to the old bank and why TD bank took over the previous bank. And what happened after that.

    • September 7, 2014 at 5:36 pm

      This is not about TD it’s a blog on bad experiences many people have had with World financial group. No need to do a search. But I’m sure the more we type this over and over, the higher this goes in the ranks of search engines so you should consider that and just let it go.

    • September 9, 2014 at 6:20 pm

      When we search for the other companies information out there, it doesn’t popped up like WFG has so many top sites reported as ripoffs and scams.

  • September 9, 2014 at 6:03 pm

    If anybody has doubt about whether it’s good or bad to join WFG and has ended up into this forum, you’re at the right place. I know there are a lot of sites out there already mention about WFG, but it takes you a lot of time to search for the information. I will post all the experiences of the WFG’s agents from their sharing experiences at the other websites here for you, so it’ll save you a lot of effort to learn about WFG.

    Start off they’ve increase the joining fee from $100 to $125, most of WFG’s agent has defensed that $100 goes to the background check, so where is the $25 remaining goes to?, from #6 UPDATE Employee Your accusations are a lie, 2009,

    WFG mainly focuses on the warm sell, but could be used cold sell. Who’s and how they do warm sell? It’s from forcing the new recruiters like you, your friends, co-workers, and family to buy their product. Here is the quote from WFG’s agent “You must be extremely careful in advertisement. Certain kinds are not allowed. If you recruit, you will always have warm leads. If you sell, you will always sell to the cold market. You choose which route to take.”, from Tabi’s post,at Indeed, they must chose the easy path is warm market! Because cold market they must knock on a hundred doors for one to say yes. They know that, so they never ask their agents to go for the cold market. Why? Because they’re desperate for moneys, now and fast.

    WFG will bait you to become one of them, that you can make $50k in couple months, so don’t fall for it. Here is the real story of WFG’s new agent, “World Financial Group I believed in WFG and I made $0 in the end. They don’t tell you everything to begin with” ( I worked for the insurance company back in 2007, so I know what it’s like being the insurance rider. Just chose the right one out there if you’re really looking for joining one.

    Their policy even though confuses their agent. One of their client reported that WFG’s agent said, “you can cancel anytime, and you will get all your money back.”, but it was not true.

    I’ve been invited to one of their seminar, they gather two days a week to support each other spirit up, so their agents won’t quit. If their agents can make enough money for living, they don’t have to gather like that. Every work place out there we do not need to talk about how much we make to our co-worker because we all know exactly what we make.

    The only interested thing about joining them is you can write off your expenses from taxes at the end of the year. That’s only a small benefit that you can get out of that job. There system don’t pay you, you have to work really hard for the commission. Let say when you work really hard and find someone that sign up for a product, the higher rank guy on top of you make more commission from your client. I don’t mind at my currently work place my managers make more money than me because it’s fair we get pay for what knowledge and skill we have. But WFG’s system is really ridiculous they use you to make the lazy one rich. You are the one who work really hard to find your client, so you should get a bigger potion of commission than those who sit in the office and do nothing. Their system lies to you, make you believe that you’re your own boss, but you have those higher rank people above you, and there is rule 3-3-10, 5-5-30, and 10-10-50 you must follow to make enough money for your living. And you must introduce your family and friends to them, so they can sell their product easier. My experience with my ex-insurance company was much much better than WFG. They didn’t force me, my friends nor my family to buy their product.

    Only one small benefit that you can get from WFG is write off your expenses from year ended taxing, would that be enough for you to join them? They only take advance on you for secure their own incomes. Your income depends on luck most of the time. You must have people say yes to sign up for a product. How you’re going to do that? Even a good person if you keep getting no all the time, what should you do? You must lie to your clients to make them to say yes, right? So at the end you will become a different bad person, you’re not yourself anymore. It’s just as bad as you’re gambling, when you keep gambling, more likely, you’re going to lose more than win. The more you lose the more you desperate for money to cover for your bills, and expenses for living, so at the end, there is a bigger chance you’ll end up being a law breaker or a criminal. Do you want that?

    • September 9, 2014 at 8:08 pm

      That’s a great post. The best one in a long time here. I hope more people take the time to write up true detailed REAL LIFE” experiences like this. Really a good read. Gets this back on track

  • September 10, 2014 at 4:31 pm

    Those and other “horror stories”
    I have heard from people inside of WFG who quite because they thought it was a scam…

    What I have been told by many inside sources is that WFG Managers further up the pyramid
    will use every trick in book to get new recruits to give up thier your family, friends, church people
    everyone in your contact and FB lists to them….

    Then, they have you pay for and study for your insurance licensing tests..

    In the meantime, if you fall for the WFG BS,(and give them your contact lists/potential future customers)
    then your Managers on the WFG MLM Pyramid scam

    will stab you in the back and harass the crap out of all your contacts using your so called endorsement and introduction
    to treat all your contacts as “their contacts”(ie “warm leads”).

    The people you know that they sell (while you are studying for your licensing tests)

    then WFG tells you, Oh, you don’t have your insurance licenses yet
    so We WFG Managers) take all the commissions
    and you do not qualify to be paid since you don’t have your license to sell insurance yet.

    So even though new recruits may bring in a lot of their own personal contacts “warm leads”
    to the WFG scam,
    (and new recruits are constantly pressured to keep handing over their own contacts to the WFG pyramid scheme
    managers “for free”
    or the “won’t advance”
    and “wont’t stay in “good standing” with WFG..

    Even while they are taking the classes and studying for the insurance exams.

    Later, after the new recruits pass their tests, then they are told that
    WFG couldn;t wait for them to pass their tests and
    they just happen to have sold and recruited some of their referrals already
    before the newbies were licensed so they won’t be getting paid on some of their best self generated leads…

    Sounds like a very scum bag way to treat people and operate a business…

    • September 11, 2014 at 12:07 am

      Very true from everything you’ve listed, WFG’s agents are after their own new recruiters, their friends and family’s moneys is their priority. If we use a little IQ to analyze this, it won’t be hard for us to figure out how they treat their clients. Even worst than they treat their own people right.

      I was at their seminar, and showed that I interest to join WFG. The next appointment they want me to come in for the interview, so I went in. The leader’s assistance of that head office came in late almost an hour, and let me with the person who invited me there. She’s new, too, but she’s in training state. She and the other friend of her threw at me their bullshiit system’s rule. They’re crazy rules. They told me that I’ll work independent, and I’m my own boss, but they were bossy at me, want me to bring in my wife…blah…blah…blah…and handed me the list of 25 names that I must fill out, and give it back to them. They even want to make the sale to the people that I know. I told them why would I refer them to you because after I get the license I need them to be my client for my commission right. They said you should share with the other agent, so they will help you later. Big flaw there! I threw back at them and said look I don’t know anything about any product whether it’s good or bad how do I want the people that I know to purchase it? I’ll go to them after I have enough knowledge about the product. Their financial agent said you don’t need to know, we’ll take care of them for you. I was like duh…wth… all of these guys are really worst than I would imagine.

      Don’t let them brainwashed you. They’ll tell you why have to work at the jobs from 8:00am to 4:00pm, but they didn’t tell you it’s still better than working for them without pay. WFG don’t pay you a penny, they don’t care how much hours you have to waste to find a client. Either you lose so much of your time to chase after the client without earning any commission, they don’t even care. If you can find a client to sign up, it’s good for them not for you because that’s all they wanted. They just sat in the office and wait for that happen so they can take a big potion of commission from your client. It’s just like the boss eat all the meat and spare some meat left on the bone for his agent.

      Working at the other job from 8-4, you get pay hourly isn’t it a lot better than WFG? Indeed because it guarantees you’ll bring moneys home at the end of the day! You don’t have to worry about money, about how you’re going to pay for your bills and expenses. You can sleep better at night not to worry about WFT’s people are using you,take advantage of you, and don’t pay you a penny. When you get home, you should be relax and enjoy doing activities with your family! WFT can’t give you a peace of mind!

      It’s better to join an army than working for WFG. Joining the army at least they pay for your shelter and food. You can serve your country, and defense those that you want to defense. At the end you might become a hero like Putin or Hitler lol. Never fight for WFT, they just don’t deserve!

  • September 11, 2014 at 7:12 am

    Well it is clear that many people have had a bad experience in WFG. It is also clear that some have not. It is obvious that you are not in a good organization if your upline is taking or trying to take your warm contacts. That is a no brainer and if that is your experience with them then of course you would walk away with a bad taste in your mouth. This may be quite common as there are many greedy people out there.

    My experience thus far: I have not went to one meeting nor have any intention on going. I was invited to go to Hawaii and hey just maybe I feel like going and laying on the beach or checking out a volcano. We will see about that one. My SMD has not asked me for one name nor would she. Instead she has said go get your license immediately so you can go and start selling products. She has not recruited one of our mutual friends but instead has signed up a couple under me. I have so many warm contacts and my friends are getting their license currently and once they are finished I will set them up with some of my warm contacts as they need the money much more than me. I only plan on placing people in products that will benefit them according to their age and their capabilities of actually being able to properly fund the product. It has to be a win win for everyone or it just doesn’t work for me.

    So as you see there can be generalizations made about companies but not every one will give a complete and full in depth picture. As I had said before, it is about the people working around you. If you have a number of greedy, unethical people around you then yes of course that branch/arm will be disastrous. Unfortunately, in these kind of business structures, you will see more of these qualities come out in people as the nature of the game is to make money.

    I agree with why Rob came back to the WFG organization…. to help people with their finances as there are some good products out there (and much better ones than my financial advisor is pushing on people). So I believe his intentions are honorable and not greedy so I wish him lots of luck.

    I believe the moral of the story is don’t give up any of your warm contacts and if your upline is trying to get these from you then you should question being in that organization altogether. Why waste your time being a part of a team that doesn’t function as a team but instead focuses on the ME aspect.

    Good luck to all.

    • September 11, 2014 at 10:10 am

      Christie you claimed in an earlier post you made mention that you make $250,000.00 a year. Additionally you are taking on a responsibility here of managing a team of wfg recruits under you.

      This whole concept is ridiculous. You doing this is like the CEO of McDonald’s deciding one day to become the crew chief of a shift at a single store and get paid $12.00 an hour. Also after two weeks somehow you have decided there are good and bad products at wfg. Also being able to deduce some people have good and bad experieces. You also mentioned earlier you were going to attend a meeting and report back to us here, now you say you have not attended any meetings.

      Your whole story is really starting to sound very thin. You words sound like another planted story by a wfg cheerleader just with a different spin. Trying to be smart but tripping yourself up.

      And like many many others above. The blog is not discussing how much money a higher level wfg employee can make from exorbitant fees and commissions taken from poor unsuspecting people. The blog is trying to focus on bad experiences with World financial group.

      No one cares about about your possible trip to Hawaii or other posters idiotic references to banks or Bill Clinton. They are all distractions. Also your reference to “generalizations” is stupid. The people posting are real life experience situations.

    • September 11, 2014 at 11:27 am

      Some of your spiel

      Sounds like “insider WFG talkingcpoints”.

      The entire WFG business model
      and training is all about

      Recrui, recruit, recruit news
      Contacts from your new contacts
      And sell all new recruits and their contacts as “warm leads”
      “referred by your new recruits”.

      It is the essence of their MLB
      Pyramid model…

      Very little or no time is spent on training in and/or discussing their products they sell.

      The actual 3rd Party Vendor products “sold”
      are an afterthought and/or annoying footnote that must not ever get on the way of signing up new people and promising them a “get rich quick scheme”…
      Or the pyramid collapses and you are out on the street as a former WFG agent..

  • September 11, 2014 at 11:09 am


    Let me clarify some of your comments and presumptions as I have been completely honest and not throwing negative comments towards anyone on this thread.

    “Christie you claimed in an earlier post you made mention that you make $250,000.00 a year. Additionally you are taking on a responsibility here of managing a team of wfg recruits under you.”

    True about the pay. I work full time as an ICU nurse. I own a corporation that I started a couple of years ago. It is in a speciality field that I have built around my parents multi million company. Since I haven’t been in business long I only grossed 200k last year in it. I also carry a salary from my parents company as I get their equipment spec’d with the engineers and I put some of their jobs together. I have started some importing which I tied to my flipping business which I do on the side. I have a separate company for this. This doesn’t even count any of my developing so yes I am easily making 250k a year. You don’t have to believe me. It really doesn’t matter. I have not wavered in any of my comments. I have always stated that I really didn’t need a lot of money and that my intention was to help others out. That has always been my contention. I stated I didn’t really have time doing something else or committing to anything else. I don’t really plan on managing anyone at all. I have no problem in helping anyone though. My SMD is a good friend and she will help my friends as the intention is to help these people and she knows I am limited on time. Crazy how people actually work together.

    “Also after two weeks somehow you have decided there are good and bad products at wfg”

    Yes. Is that so preposterous? I feel that your view is completely slanted if you only think that they have bad products. I was completely skeptical at first with WFG and have reviewed some products including fees and structure and have made an educated opinion of some of them.

    “You also mentioned earlier you were going to attend a meeting and report back to us here, now you say you have not attended any meetings.”

    I have stated from the beginning that I wasn’t into any rah rah meetings. I never wavered on this as well. I stated I had planned on going to a meeting with my SMD in order to get some information about the products. I did not meet her that day but met up with her at work in order to get information. I did report back on one of the products that I got information on and compared it to another product. Again all true information.

    “Your whole story is really starting to sound very thin. You words sound like another planted story by a wfg cheerleader just with a different spin. Trying to be smart but tripping yourself up.”

    Where have I tripped myself up??? I have just been completely honest AND unbiased. I am not cheerleader for WFG. I am just providing a viewpoint from what I see. That is it.

    “And like many many others above. The blog is not discussing how much money a higher level wfg employee can make from exorbitant fees and commissions taken from poor unsuspecting people. The blog is trying to focus on bad experiences with World financial group.”

    I thought this blog was about people’s experiences. I thought that is what this entire thread was about. I was just simply giving my experience thus far and my opinion so people wouldn’t get mixed up in a bad crowd of people. My whole point was to help others out whether they decide to walk away or join. That’s it.

    “No one cares about about your possible trip to Hawaii or other posters idiotic references to banks or Bill Clinton. They are all distractions. Also your reference to “generalizations” is stupid. The people posting are real life experience situations.”

    I never posted anything referring to a bank or Bill Clinton. I don’t understand why you are throwing out idiotic and stupid comments. Those comments serve no purpose whatsoever. What is your interest here??? To actually help people or hurl insults and call people liars etc. My Hawaii comments were basically again how I am not interested in going to a meeting at all unless you throw something cool in it like Hawaii. Come on lighten up a little. I understand you are passionate about your position and that is great. Let’s just be constructive about it and not try to tear down people but instead build people up. And if it is your opinion that WFG is completely terrible that is totally fine. I just don’t think it is conducive to call people stupid or a liar.

    Have a great day.

    • December 13, 2014 at 12:27 am

      Hi Christie, I don’t know what insurance product did you buy, but you may have at least 4% cash value, your cash value is start to build slowly at the 3th years of the policies, every insurance policies should follow to that law. I won’t say WFG is scam or not, you will know after you get your life and help license.

      • December 13, 2014 at 1:45 am

        Hello Loc,

        I haven’t purchased a product from WFG as of yet however their FFIUL product is much better than the ING/VOYA universal variable life product I currently have. I would have a lot more money in my account had I had it in the FFIUL product. WFG isn’t for everyone but without knowing some facts and products they handle, it is irresponsible to to expel misrepresentations and plain false information of the company. Take care

        • December 13, 2014 at 8:13 am

          I’m glad you have brought this up. I Agree it’s terrible how the posters representing WFG are misrepresenting themselves in every way possible to try to deflect from the good people commenting here who have had literally hundreds of bad experiences with World Financial Group. Of course you being the great expert that you are, and every one else of course somehow is not?

          • December 13, 2014 at 9:59 am


            I actually have done an immense amount of research on some of their products in comparison to what other financial institutions, advisors and brokers offer and believe it or not many of WFG’s products are better. It is the truth. My mom got sold a metlife annuity. Pretty common right. Well they have annutities that blow these out of the water and offer the client 10% bonuses on their money with decreased commissions to the agents (this is what most agents won’t do for their client as they will get them into the one with the highest commission). Look I am not about being a cheerleader. I would never try to sell someone something that I didn’t truly believe was in their best interest. I have taken myself months to educate myself on some of their products and their system. I am not into network marketing of any kind. Never have been but there are some components here that are different. I am not brainwashed. I am just a regular person who was extremely skeptical and sought out to find some of my own answers. And I really couldn’t do this without knowing what products they were pushing. I was misinformed until that point. Through number crunching I have deduced that some of their most prominent products have fees less than the average of managed funds and at better growth, safety, and protection for the client.

            Is WFG my career? No. I just have a passion to help people have an easier life and get on track with their finances. I simply enjoy helping people. My main focus Is mitigation banking, real estate development, and the growth of my parent’s business. So if I can help place some of people’s monies in investment strategies that make sense why wouldn’t I?

            Also I would like to elude to the fact that I have never claimed to be an expert. I definitely feel that WFG’s approach is abrasive and leaves a bad taste in your mouth to many. That is not disputable. Also there will be bad agents in any line of work. So you will find some here as well. However, I don’t find anything of merit from anyone that really is disputing their products that is a client that actually knows what the product is or understands it. So these hundreds of experiences just aren’t here. Only bad experiences of some annoying agent pestering their friend or family member to join and possibly stealing some of their leads.

            Take care

        • December 13, 2014 at 8:03 pm


          I see you are back here again. I’m still comprehending your earlier statement that you make $250,000.00 a year and are just researching WFG “to help a friend”.

          Our interactions will just wind up being a repeat of previous ones. If you truly researched investment products and you wish to “really help people” as you claim, you would realize you are totally wrong.

          The sad part about this is the ones most vulnerable that don’t know one investment type from any other are the ones most often targeted by WFG.

          Everyone keeps forgetting this whole post was created to protect people. It’s not about the opportunity for a very few people to climb the WFG ladder and make money off of the many people that get roped into this bottom rung form of investing.

          • December 13, 2014 at 9:37 pm

            Oh Paul,

            I can’t help to be bated by some of your statements. Reminds me of when I used to get on the message boards when trading stocks.

            Well 250k is a low number to be honest especially taking into account all the current projects I am working on but who really cares about that.
            And yes to help more than one friend actually. I have thought everything through and I would have never tried to help anyone with this if I thought it couldn’t be successful or was unethical or not in the best interest of the client.
            Rob outlined actual returns from one of the policies so I don’t see how this isn’t helping people. I have the comparisons from the past twenty years and everyone would be better off in this particular product than the s&p 500 during this time frame by a considerable amount. These figures are policy figures reviewed by the commissioner and other agencies and they can’t publish this data unless it is true and has been verified.

            That is just one product. The annuities that are offered are much better than I can find online and much better than the one my moms financial advisor sold her. So again knowing the products and which ones are the best for the client are the key to truly helping people.

            I don’t just have knowledge of one product or one investment vehicle. I am well diversified and have a nice retirement package for my age (30’s). Could it have been better. Absolutely! If I didn’t hang the moon on what my financial advisor told me. If I realized that they were probably out for their best interest instead of mine. But lesson learned.

            My goal is to help people know their options…. the options that are in their best interest. I will help a client every time with the option that is best for them even though it means the commission is much less. Again my goal is to help people. The funny thing is when you operate this way many times good things happen down the road for you. Hoping to close on a 53 million deal next week that will help many family members and friends. And close on 3500 acres. So honestly speaking I could actually help out clients in a number of ways. But most of all I want to help out my friends so I will help them get clients monthly. Yes I can do this because one of our businesses allows for a perpetual number of clients to help. Part of my plan.
            And if I wasn’t able to offer this then WFG would be difficult to launch for most people for sure. Very difficult as people just can’t come up with clients over and over again.
            And there are some aspects of WFG I don’t care for at all. One of them is the constant meetings which you won’t find me at unless it contains some substance.
            But they do have some really good products and some ingenious aspects.

            Anyways, have a fantastic evening.

  • September 11, 2014 at 9:57 pm

    Dear Christie
    I think I’ve explained myself just fine many times over in this blog.

    It takes many years for people to comprehend investing itself and investing products. You seemed to have done a crash course in 2 weeks.
    So you now know how to differentiate between a good annuity and a bad one? A well suited, good low fee insurance policy from one that is not suitable. The correct funds to offer clients. You have been able to look over WFGs products and make those determinations in two weeks and have your friends working under you offering those products. Please!

    What did you compare WFG products to? Did you also in those 2 weeks go sit with Edward Jones? Investors group? Vanguard ? Someone thinking of selling MLM themed investment products should get interviews at all these places. If your that interested why not do a real securities course at a university? Without the proper tools, I’m sorry you can’t make product suitability decisions. Most Wfg people can’t either. They are financial salespeople taking the bare minimum licensing needed to sell. Let’s face it they are just people pulled off the street. Most have no idea what they are selling and the real costs to the clients.

    Let’s get real here.

    • September 23, 2014 at 10:03 pm

      Please, Don’t act like these WFG Reps have any product knowledge whatsoever.

      If you are invited to one of these so called seminars with their group, then you will notice it is just
      a cheesy slide show in a hotel room or meeting hall

      and they just lay on the religious revival BS real thick
      and throw out talking points like

      If you want to be a winner, then join us
      If you want to be a loser or a wage slave then go work for a regular company….

      Complete baloney.

      Never share any product information.

      People at the gathering don’t know squat about the products they are pushing on people…

      Don’t care about the customers…

      They are in the hunt for warm bodies for their MLM downline
      so they can get on the “get rich quick” scheme and bandwagon….

      Totally unprofessional environment…..

      Like WWF Wrestling only less entertaining and more expensive if you buy into this BS…

  • September 12, 2014 at 4:17 am


    Yes I was able to review two of their products (one more in depth) and yes I was able to make a determination if it was good or bad. Yes it takes years for many to comprehend investing in general. I have a few years of day trading under my belt, dabbled in commodities, dealt with options, have a long line of investment history and managed investments for many of my colleagues so you can say I have a little more experience than most. I have been investing in real estate for about 3 years now so I think with my history I have a pretty decent grasp of investing. My portfolio is better than most. Funny you mentioned Edward Jones. I have people coming to me for my advice and as don’t trust their Edward Jones people. People have been coming to me for years to assist with their investing as they don’t understand it at all.

    I have suggested other avenues for people here to make a living and get ahead in life. I have tried to be helpful. Anyways, there is no point in arguing.

    Have a great day.

  • Pingback: My Investment Experience | Bitcoin Success

  • October 8, 2014 at 10:37 am

    Congratulations, we had over 11000 people for picnic in Hawaii.

    • October 8, 2014 at 3:29 pm

      Jump on board the latest “get rich quick scheme”….

      Will be looking for you on “American Greed”

      “Scandals, Scoundrels and Suckers”…

      Expose on unethical and illegal business practices…

  • October 9, 2014 at 10:26 am

    Just had the unfortunate experience of dealing with WFG and let me put this whole thing to rest. Illegal? Probably not all branches, but I’m sure some are just months away from law suits. Unethical? For sure. Scam? You bet-ya!
    First off, most of the people that are “in training” probably have a hard time tying their shoes. These same people will be attempting to pass their Life Insurance exam in the next few months, if they don’t quit. And why would they quit? Probably because they have come to the realization that the person that brought them in has zipped through their “top 25” list and sold to everyone they know. This is not uncommon in the financial/insurance industry… start out selling to the people that you know and who trust you. The difference here…..the person who is training you has only brought you aboard to steal all of your good leads while you study to pass your exams. This is how their system works; find someone who is down on their luck, get them to buy in to the “you’ll be making so much money” b.s. that everyone preaches, and turn in a list of your 25 friends and family so that your “mentor” can sell them a bunch of products. And here’s the best part……the “mentors” are in some cases a person who just obtained their Life Insurance license a few months ago and is pushing IUL on every person, regardless of their situation!
    But I was not fooled……I actually knew something was amiss the first time I met the person that was trying to recruit me in’s partner. He tried to limp his way through the “3 bucket” retirement pitch that a lot of reps use, but during his pitch he gave a lot of misinformation to try and make the IUL seem like the best “tax free” solution out there. I asked him, “what about a Roth?” His answer…’ll have to take minimum distributions. Really? WRONG! Come to find out, he’s only licensed to sell Life Insurance….no 6 or 63. So my question to all of you WFG supporters (and obviously working there), can a person with a Life Insurance policy discuss mutual funds and investments? NOPE. And there-in lies the problem with WFG. These people are brand new Life Insurance Agents, trying to give you advice (bad advice) on what to do with ALL of your finances. But as all of us licensed financial reps know, a life insurance license does not make you a financial representative. But since most of these idiots will have a hard time getting past the life insurance exam (1 guy in particular had already taken it 2 times and failed), good luck on the 6 and 63! And the trainer’s, put in charge of giving an hour’s worth of training on certain nights? No 6 or 63 either, yet they were talking about doing a full financial plan for individuals, and, of course, selling everyone the IUL. This same trainer even told me, “Don’t worry about actually selling too many things, the real money is in recruiting people under you”, which, as we all know, is the exact definition that FINRA and the FBI use in describing a pyramid scheme.
    It’s only matter of time before enough law suits happen that WFG and Transamerica are forced to change their names again. If you are approached to work there…! If someone approaches you and wants to sell you a product, ask for both their life insurance and securities license number, and watch them run for the hills! It’s a shame that more people aren’t aware that you can find out everything about your agent/financial rep by simply getting their license number or full name that they are practicing under. FYI…..I looked up two people in this particular office in the Chicago Area….1 does not have a security license as he said, the other has only had his for 1 year and already has 3 complaints. Most licensed individuals go their entire careers without a single complaint, or possibly one complaint that usually is tied to a mutual fund underperforming.
    WFG trolls……I await your response.

    • October 9, 2014 at 8:18 pm

      @in the know

      Is it safe to say you are not one of the 11,000 going to Hawaii ?

      Nice post.

      • October 10, 2014 at 10:09 am

        Yes, it was and its good to go vacation for free… not only me there were bunch of my business partners who went for free..

        # Awesome…
        Let’s keep winning…

        • October 10, 2014 at 4:45 pm

          What a waste of time. I guess the wfg cool aid was flowing and you received your cults most up to date marching orders.

        • October 11, 2014 at 5:17 pm

          Trip was not “free”

          Nothing is “free”..

          It was taken and paid for by monies overcharged to your customers
          for high load high fees products with lousy returns for your customers..

          Lawsuits by disgruntled customers are not free either…

  • October 10, 2014 at 11:01 am

    The other huge problem with WFG is that they push IUL’s on everyone, and that is a huge problem. IUL’s make only one person rich, and that’s the agent. The first 2-5 years of the policy, the premiums are going towards the cost of insurance, and, the premium paid to the agent. The agents are paid upfront for these policies, based on their size, so it’s no wonder that they push this product. The agent has made all of their money in the first year, and could care less about what is about to happen. And what is about to happen? The market. These snakes love to show the prospective client an illustration at 9%, with cash values in the hundreds of thousands by the time they reach retirement. The problem is, they also sell with this promise the ability to take money out to buy a car, or a new home, or go on vacation. But what happens if the market tanks, as it has, on average, for at least 2-3 years out of every decade. No vacation for you sir. New home? Sorry sir, the market is down.
    What they fail to illustrate, in their only the best of worlds illustration, is what happens in an IUL in a down market. And it’s during these times that The IUL is much more like an investment. It has the potential for higher returns, but it also has the potential, if the returns are not there, that the whole program will implode as the cash values are depleted by cost of insurance, policy loads, unexpectedly low interest rates, skipped or sporadic payments, or unexpectedly high loan interest rates (in comparison to the rate credited to the policy). And since most of these policies are being sold to who? Well, as WFG loves to point out, they are being sold to the people that the big financial companies don’t market to. You know, the people living pay check to pay check. What’s the chance that these people, when the market crashes and jobs are lost, are going to have that $200/month to spend on this policy? So, they of course are forced to stop paying the policy, it implodes on itself, and, you are out the premium that you spent the last 15 years putting your money into for retirement. Mind you also, that these snakes have also convinced you to underfund all of your other investments, such as your 401K. And have they talked to you about the other investment out there that can do the same exact thing as the IUL, the ROTH? Nope. Why? Because they can’t sell you one, they are only licensed to sell Life Insurance.
    So tell me, the WFG faithful, if the market goes through a correction or another 2-3 year period of being down, how have you helped the families of America? Once again, the only person that is safe in this reality scenario is the agent that already was paid in the first year. That’s why, in your best interest, you should find a QUALIFIED Financial representative. You know, one that has some skin in the game beyond the first year commissions.
    But as you will all see from this long post, when someone speaks the truth on WFG, they never respond. But I’m sure all the agents in Hawaii truly care about their clients who have lost their life savings.

    • October 10, 2014 at 3:43 pm

      # In the know….

      If you are looking for qualified financial representative who have been helping the people out there to have better retirement options. here is the thing, you should go back and see how many people suffered during economic crisis. I believe, people who had so called good retirement accounts were supposed not to lose any money….. but they did!!!.
      You should check the accounts of the people who have their so called IUL accounts since 2001 and now what they have. trust me IUL performed well then other accounts even during the economic crisis while many people lost their money, there was no risk at IUL…

        • October 10, 2014 at 7:58 pm

          Thanks for your link paul, i think you should go back to the same link and read it carefully and oh .. don’t forget about the comments for that article.
          that guy even doesn’t have any clue about what IUL is, he only has idea about Whole Life.
          I think this guy is still in 90’s.

          hey guys time for smart phones….by the way does anyone use old phones???

      • October 10, 2014 at 6:52 pm

        Those who purchase products
        through WFG
        lost big time when the market tanked..
        Many even had can calls
        to make up the huge losing balances in their accounts..

        Don’t know how you can sleep at night selling lousy, high load and high fees products designed to make commissions and fees for sellers
        and designed to lose money for clientsentsents

  • October 10, 2014 at 8:09 pm

    lol @Paul N
    you deserve a medal for keeping up and responding every message/comment here on this site, and wasting your time disagreeing/ agreeing with these ppl for yearS lol. i love that spirit! now go get a better life than that what you have if there is, but if not then stay like that. take care brother.

    • October 11, 2014 at 9:38 am

      Well Said,

      Let them complain for next 5 years, 10 years, 20 years or 100 years, we will still be winning..

      • October 11, 2014 at 2:02 pm

        Who’s complaining? Just regular people telling their real life bad experiences with world financial group.

        And what is so good about your clients winning a free ride into poverty? You call that winning?

  • October 13, 2014 at 11:13 am

    Here’s another thing that the WFG faithful, like Paul, fail to mention. If you have a direct contract with Nationwide, which is one of the companies they use for the IUL, your payout will be much higher than under the pyramid scheme. Once again, they never answer any questions about their tactics…….and the fees that are charged in the IUL make it pretty even with a Whole Life policy with a good Mutual Insurance company, such as Northwestern Mutual, who have paid at a clip of 4.44%, year in, year out, with low fees. It may not look as promising as the unrealistic 8-9% shown in IUL, but all of those years when they are only crediting you .25% because of a bad market, Mutual companies are ticking along at 3-4%. Project that out over 30 years, and guess who comes ahead? You bet-ya, 4% steady with low fees. But WFG doesn’t care about what your risk tolerance is….they rely on the 8% column to suck you in. BUT DO THEY EVER TALK ABOUT THIS:
    …… when expenses in any given year exceed
    account value credits, and especially in the case of a
    universal life policy with underlying volatile elements.
    This will be the case with the “ups” and “downs” reflected
    in the hypothetical example of a series of “0%” returns
    in an IUL which, after considering policy expenses, may
    result in the policy’s inability to “carry” itself all the way
    to the death of the insured
    I never heard this in any pitch offered by WFG, but than again, why would they want to present anything other than the 8% column and collect their first year payouts upon the signing of the contract.

    • October 13, 2014 at 11:57 am

      @in the know

      Just when exactly did I become a “wfg faithful”?

      Guess your not quite so “in the know”?

  • October 13, 2014 at 1:01 pm

    Sorry Paul…meant to direct that at “Man”. To lay out why a IUL will not do well long term, here’s what the market has done since 1950:
    S&P 500 Losses of 10% or more since 1950
    Total Occurrences 28 Times
    Average Loss -21.6%
    Median Loss -16.5%
    Average Length 7.8 months
    Greater than 20% 9 times
    Greater than 30% 5 times

    As you can see, in a 60 year period, the market will be down on average every other year for at least 7 months. So unless your customer is on the risky side of the risk tolerance spectrum, a steady 4% would sit better.

    • October 13, 2014 at 9:35 pm

      #In the Knows= name? don’t be scared to write your name. This blog is one of my chat rooms, everytime I do something good, I like to help Paul and History888 I don’t know what his name is but to get more traffic for his blog so that he can earn some money from google adsense. Because they can not do any other jobs and find some easy way to make money..

      Can you provide me any source where you got all those numbers, it looks interesting. But if you are only talking about IUL and S&P500, I think you need to sit down again with one of the WFG associates to learn more about the products and comparison between the other products.

    • October 13, 2014 at 9:43 pm

      Nice to see someone see else here adding a new angle to this old topic. I’m surprised that only one person has commented on your posts though. Usually it starts a barrage of spam, personal attacks, or links to inspirational videos much akin to the late night evangelical miracle guys. Nothing factual just a lot of nothing.

      • October 13, 2014 at 9:46 pm

        you should be glad when I am writing something down here in your blog, or else nowadays nobody gives a crap about the blogs.

    • October 15, 2014 at 1:56 am

      “In the know” where are you getting those fictional numbers? You obviously do not understand hind sight index strategy. As long as you can over fund (if putting premium at least at target), your policy will not lapse before age 90 or older. Dave Ramsey promote buy term and invest the rest. IUL is pretty much just that. You mirror the index using hind sight index strategy and other part goes to paying for annual renewable term. Here are actual rate of return on cash value portion of one of the IUL for last 20 years using Global Index (assuming you paid target premium or higher). 2013 – 13.48%, 2012 – 5.82%, 2011- 7.69%, 2010-9.52%, 2009-4.31%, 2008-0.75%, 2007-14%, 2006-13.52%, 2005-11.04%, 2004-12.7%, 2003-6.04%, 2002-0.75%, 2001-0.75%, 2000-12.8%, 1999-14.45%, 1998-12.12%, 1997-15%, 1996-14.87%, 1995-9.33%, 1994-9.58%, 1993-12.69%. Out of 20+ years, only 3 years 2001, 2002, and 2008 it returned the minimum return of 0.75%. Rest of the 17 years it averaged 10+%. How about real numbers from my mom’s IUL? First lump sum 10K annual premium returned 9.8% for the Aug 2013 to Aug 2014 Segment, and $8500 Sep 2013 to Sep 2014 Segment grew 11%. These are facts from actual policy. All I see is few people who for whatever reason complain about products that they have no proficency at and adding fictional data. I thought this was going to be a blog about good and bad experiences of WFG but what it really is few people defaming a company with no solid proof and novice level understanding of financial products. I complain about my uplines all the time and people who do this business the wrong way. That doesn’t mean this is bad company, it just means those uplines are bad people. Bad people are everywhere. Chase recently had to settle 6+ Billion in fines but you don’t seem to have problem with them.

    • October 15, 2014 at 2:15 am

      “As you can see, in a 60 year period, the market will be down on average every other year for at least 7 months. So unless your customer is on the risky side of the risk tolerance spectrum, a steady 4% would sit better.”
      Admit it! you’re a whole life ONLY insurance agent for one of the insurance companies. That would be the exact line used by whole life ONLY insurer. At 4% interest, it will take 18 years to double your money. At 8% it only takes 9 years. In 35 years, difference is 4x the money. Who is Con-ing their client here? One that give 25% of full potential growth or one that gives back 100%. You don’t even understand the risk. Whole life’s initial illustrated rates have 100% chance of failing to perform at the rates illustrated. If you don’t believe me, pull up an original illustration used at the time of the sale and compare it the the current illustration that is 5 or more years later. I can guarantee you that current illustration numbers are lower than the one from the initial sale. Chances of 0% floor, 15% cap IUL has 100% chance of returning 8% or higher using any 20 year period in the history of stock market. Has more than 85% chance of returning 8.5% or higher. Chance of returning less than 8% in a 20 year period is practically zero. If you don’t know or understand the strategy, attend an independent finanical classes designed for financial professionals. Actual numbers do not lie. Only people do.

  • October 20, 2014 at 1:30 pm


    The biggest ripoff going..

    Crap products
    sold by agents who do not know their products

    And do not care as long as they can load people
    Up with crap products

    With high loads, high fees and high commissions..

    Just wait until they next market downturn
    and the “cash calls”
    On the lousy WFG products…

  • October 20, 2014 at 1:30 pm


    The biggest ripoff going..

    Crap products
    sold by agents who do not know their products

    And do not care as long as they can load people
    Up with crap products

    With high loads, high fees and high commissions..

    Just wait until they next market downturn
    and the “cash calls”
    On the lousy WFG products…

  • October 22, 2014 at 6:03 pm

    There is something called contract law. People buy into those IULs thinking it’s for retirement. It’s not. It is an Annual Renewable Term police that they are buying. Their cost of insurance is growing every year while the premium they send does not become sufficient enough to cover it. There’s a reason why LSW is getting sued for telling their clients that their own IULs are retirement products. Read the contract, policy, cover to cover. The agent will only tell you what you want to hear.

    • October 23, 2014 at 9:15 am

      @ why don’t you use your ream name…….

      I see you have some knowledge but not enough knowledge. If you are holding life license, make sure don’t give false information to the consumers. I would like to now more about you.
      you can email me at with all your concerns so that you can become my business partner.

      • October 23, 2014 at 2:04 pm


        You ask someone to use their real name but don’t supply one yourself?

        Nothing like asking someone to be the business partner of a nameless person in a business which will certainly lose money.

        • October 24, 2014 at 1:25 pm


          search Man Lama so will know who is real and who is fake.

          There is nothing to hide with bunch of losers like you guys who hide under different names.

          Be a man.

          • October 25, 2014 at 9:07 am

            You know your agent at WFG told me what I wanted to hear. Tax free retirement, money to my heirs, and money that I can borrow. I was looking through my policy and I saw the cost of insurance page and the guaranteed and non-guaranteed values. Being a bit concerned at how the cost of insurance grew every year I called WRL directly. The home office representative was courteous and told me that my premium was not guaranteed, my cost of insurance grew every year because it’s an annual renewable term with a portion of my premium going to cash value which was invested in an index. I asked them why does my guaranteed value on my policy show that it gets depleted in about 20 years? They said the guaranteed value gets depleted because my cost of insurance grew at that age so they would have to take money from the cash value to keep paying for my death benefit. So I asked the rep on the line what happens when all of my cash value is gone? Then they said that my policy would lapse and that I would need to pay more premium to maintain this policy. Needless to say I cancelled this policy. I had it for 1 year and I expected to get some cash value back. Unfortunately, the first year they said there was no cash value and even if it did I would have to pay a massive net surrender value to get the money out. I’m going to stick with my brokerage account at Merrill Lynch. Thanks but no thanks.

          • October 25, 2014 at 9:31 am


            Shouldn’t you be on an island somewhere on the beach somewhere with all your wfg millions you have made instead of throwing out ignorant comments like that showing your low level of education.

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  • November 21, 2014 at 2:40 am

    I’ve been working at WFG / TransAmerica for 5 months. Been brought in by my parents. I ended up joining right after High School and I’m glad they brought me into it.
    I’m still going to college for a major in Physics and Business Management, but since that will take years in the meantime, why not work somewhere that can make a whole lot of money without being ordered around by a boss? I see a lot of pissed, confused, educated, and so on people in this post. But from what I’ve personally seen, this can’t be a scam. Licensing by the state is required so I see no way for a scam to pass that I got my license after a few months after procrastinating for months, got appointed, and now I’m making money.
    Honestly, the only ones who are doubtful were the ones who never actually listened to someone who knew what they were doing. That happens, a uninformed newby goes and talks to all their friends and gives a bad name to their company. But once a person who has gained more info on the concept speaks, then everything is cleared up.

    Ask any question, being an actual reasonable question. I’ll answer it.
    Hell, visit the office in San Jose, CA. I’d be glad to talk there.

    • November 21, 2014 at 9:46 am

      @Zachary B
      No worries about the multiple pasting of you same comment. That’s what you egg people do. Cut and paste the same blah blah blah BS over and over. Again… Yawn.
      Instead of saying how great you are post some facts or go away.

      • November 21, 2014 at 10:58 am

        Facts on what exactly? It’s kinda hard to talk without anything being answered.
        Give a question then I’ll answer it. Also if a bunch of people say the same thing, there’s the chance that what they’re all saying is true.

        But I’ll go with what I know. We sell INSURANCE. No one wants to hear that but we do. All types of insurance. But we also have a special insurance that not very many companies know about from what I know. And that one has proven best in terms of investment long term. If you want short term cause of your health, go for term.

        WFG is under TransAmerica, TransAmerica is under Aegon. But that should be obvious. And a scam wouldn’t be able to last under 3 different companies without eventually collapsing.

        • November 21, 2014 at 4:48 pm

          I think you are focusing on the wrong posts. All your points have been refuted in the 400 plus posts above your comments. You cutting and pasting general statements won’t change the helpful information left here by people who have had live actual bad experiences with World Financial Group. To respond to you would only be repeating comments already made. Also many comments written much more clearly then I could. This is a great resource for people to stop by and read before purchasing wfg products.

  • November 22, 2014 at 10:30 am

    Paul, you’re an idiot! WFG doesn’t have products they are structured as a broker dealer/marketing company! If you truly want to know more, join, observe and learn – I did and am observing and learning. Here’s what I’ve found: The entire financial services industry is full of greedy and dishonest people – Wells Fargo, JP Morgan Chase, Bank of America, Morgan Stanley, Ameriprise, Raymond James, etc, etc, etc, .WFG is no different. If anyone wants to make money with WFG they must be willing to prospect and sell or concentrate on recruiting. The MLM strategy is nothing new. Not for all, but because it’s not for all doesn’t mean it’s illegal. I’ve been reading comments for this blog for months and have observed how all you do Paul is throw bullshit out so you get a reaction – perhaps your way to make money – who’s unethical here now? What do you of for a living anyway???? You seem to yawn a lot ! Jerk!

    • November 22, 2014 at 1:25 pm

      I’m sorry Claudia.
      Did someone empty your bucket of happiness?

      Does your calling me names like a 4 year old add credibility to the WFG cause? I think not. Again read the above comments. You can’t compare WFG to regular banks. It’s explained above several times already.

      Call me what you want, it does not change facts. You know, the facts you WFG fanatics fail to produce time after time. You only attack like you have here just further proving the posters here that they are correct. Did one of you prospective victims do a google search and land here before they lost their life savings to your misplaced attempt to “help” someone? Did you lose a commission? Too bad.

      What do I do ? You and I both know that doesn’t really matter to you. Your just trying to bait me into a fight rather than having the conversation about people’s bad experiences with world financial group. Enjoy your day. Maybe call up some family members and try to help them so you can all go down in financial ruin together.

  • November 22, 2014 at 3:36 pm

    I’m a very smart 4 yr old ha! Smart enough to know when you deserve an insult! I dont know you or anyone else here but after reading so much BS here I couldn’t stay quiet! Just like a 4 yr old LOL. I joined WFG to observe and learn more about it – not selling via WFG. I’ve successfully sold financial products in the past and have very happy clients. learning about what I may want to sell to keep up with the market has always come before I sell anything. I am not convinced WFG is a great company to be part of – nor am I convinced about the ethics and practices of any financial services company nor any large corporation for that matter! You are just imagining I am one of “them”. Seek the truth and you will find it, eventually. It is not easy to trust our internet or blogs anymore to find the true information needed – too bad.

  • December 13, 2014 at 12:08 am

    nothing going on with WFt at the end of this fret.

    • December 13, 2014 at 8:04 am

      It would help immensely if you could actually write something coherant here that actually brought more value to this discussion. But I see as usual that’s a hard task for you WFG cheerleaders.

      • December 13, 2014 at 2:29 pm

        did you forgot to took your medisin today?
        How do you know I am a wfgcheerleaders, do you have any leagle document to show that I am a wfgcheerleaders? or are you now having some kind of delusion? If everyone here protect WFG then you clame them “WFG members”?
        If WFG is scam then why the government doesn’t shut it down huh?

        • December 13, 2014 at 7:42 pm

          You are the one who decided to make several meaningless posts. All your questions have already been answered more then once in the above posts. My first bit of advice to you is to turn on your spellcheck. I’m not sure how you could draft any kind of legal document when you try to sign up a client.
          Try writing some facts and explain how you help enrich your clients lives. Be nice to see something different like that for a change.

          • December 13, 2014 at 9:22 pm

            Hey paul
            The more negative you say about wfg, the more people going to buy their product because you are the \one who criticized WFG without any reliable short.
            If you say WFG products are not better than anyone else then why don’t you give everyone reliable short to protect your point? A link to WFG products and the other link to the other company products?
            You want everyone here to be nice with you, then why don’t you be nice to everyone here?
            Why don’t you go back and look at all of your comments here to see did you be nice to everyone? Or did you make up so many names, clamed everyone are WFG member.
            The last name you making up to criticized WFG is Christie right, if MetLife product is better than WFG, so why don’t you show up WFG products and MetLife products here for people to compare?
            I don’t know and I don’t care what pussy did you graduated from, but the only thing I know is you are the people who don’t have a job to do because MetLife product isn’t good enough, so you have no clients, and you always with your computer to online and make up story about the other company with so many difference name.
            Ok! Stay there and making story, I’m out, I’m not unreasonable with you, and you have your own constitution right to say anything you want, but remind you: nothing going on with the other insurance company at the end of this topic, or many topic that you making up to criticize the other insurance companies, they still their.
            I’m out.

        • December 14, 2014 at 7:45 am

          The only thing that’s a scam is whoever got paid to teach you spelling and grammar.

  • December 13, 2014 at 9:29 pm

    My firsst bit of advice to all of you is get out from this blog, do some clean up, go out and Enjoin life.

    • December 14, 2014 at 5:02 pm

      Mr. LOC,

      I do enjoy life. Maybe you should start a website and call it “SuperWFG”. Then you and your other friends could draw millions of people to it and play patty cake or whatever it is you people do in your spare time. (It sure isn’t learning about investing or sentence construction).

      Somehow that would be more constructive then doing a poor job of commenting on comments that are months old already. All you have done here is profiled the average WFG sales recruit. (that’s you – just so you can keep up here) Zero investing knowledge. A poor attitude. Marketing a product that you yourself don’t even understand. It’s just something that makes you money and takes it away from the people you try to push it on.

  • December 13, 2014 at 9:35 pm

    Hey paul
    The more negative you say about wfg, the more people going to buy their product because you are the \one who criticized WFG without any reliable short.
    If you say WFG products are not better than anyone else then why don’t you give everyone reliable short to protect your point? A link to WFG products and the other link to the other company products?

    • December 14, 2014 at 5:07 pm

      Really.. Is that what’s going to happen. I highly doubt it. My points are already made above. It’s you that need to write something that actually makes some sense.

  • December 13, 2014 at 9:38 pm

    You want everyone here to be nice with you, then why don’t you be nice to everyone here?
    Why don’t you go back and look at all of your comments here to see did you be nice to everyone? Or did you make up so many names, clamed everyone are WFG member.
    The last name you making up to criticized WFG is Christie right, if MetLife product is better than WFG, so why don’t you show up WFG products and MetLife products here for people to compare?
    I don’t know and I don’t care what pussy did you graduated from, but the only thing I know is you are the people who don’t have a job to do because MetLife product isn’t good enough, so you have no clients, and you always with your computer to online and make up story about the other company with so many difference name.
    Ok! Stay there and making story, I’m out, I’m not unreasonable with you, and you have your own constitution right to say anything you want, but remind you: nothing going on with the other insurance company at the end of this topic, or many topic that you making up to criticize the other insurance companies, they still their.

    • December 14, 2014 at 8:33 am


      Are you kidding me?!?! Paul and me the same! He is my arch enemy. Just kidding. I believe you misread my post. I never said anything great about MetLife products. I stated that my mother had a MetLife product sold to her by a financial advisor and when comparing some of the annuity options provided by WFG, it was very clear WFG would have been the better option for my mom. I have been honest about my experiences and if I said everything was rosy then I just don’t think it would provide clear unbiased insight of the company. WFG has some phenomenal products that outpace the market. Products that I would definitely want in portfolio. But WFG is a challenging job to master and be very successful at. Many will fail. I have met a number of intelligent people and some not so much. Met a lot of people with a dream. And that’s not bad, just there needs to be limits to how you plan to achieve it. It isn’t hard for me to build a team as I have built up a trust over the years with many. But it is another story for me to be able to help everyone actually be successful as I have only so many clients I can give to them monthly. So being on your own without any help is very hard for many people as they will run out of clients and a good client base with referrals takes years to grow. Most would have dropped out by then

      So in summary, WFG has many great products but it is a difficult system to be very successful due to the nature of the industry. However, limited risk is taken so anyone can actually build a business and work this on the side until you have enough of a client base and team to quit your primary job. This is achievable but not without a lot of work, time, and patience. Always use integrity in your business practices and you should succeed.

      I wish everyone luck

    • December 14, 2014 at 5:25 pm


      Christie don’t count me out if you’re pulling in over $250K a year and working on $45,000,000 deals ( with your mom lets not forget her) I’m available for marriage. To you or your mom. I’m not picky. But I will find time to do other things with my time once I’m on board. But that’s just something to add to this whole fantasy you have constructed here. I have to say this is a bit of a new spin. I have to give you marks for that.

      LOC I’m still waiting for one of your posts to actually say something that is the least bit understandable. Well… Actually I’m not.

      But it’s just another day in a long line of days of “bad experiences with world financial group”. Your comments just make that quote shine. People coming here when researching WFG will read your posts and get the right picture right away.

      • December 14, 2014 at 9:53 pm


        Well rather than do my monotonous task of laundry I will respond. I have been very humble I believe in many of my posts but I guess you know how to push some of my buttons. First of all I am sure I am way out of your league. My husband is incredibly good looking and I am treated very well. So sorry, marriage is not an option. It is quite funny how people can come to these places and post what they want. In some ways I kind of like that as I am challenged here and I don’t have people just do things because I say so like is the case with real life. For this reason, places like this are nice to solicit an intelligent conversation with people judging you by what you say/write and not because you look good. I think I have always been fairly consistent with my claims and statements. I started with skepticism of WFG. At this point you were on board with me. I spent much time truly researching the system and products. I came back with some of what I found and your approval turned to chastisement. Rob had a number of really good points and actual facts. Again criticism. I believe I said the deal was 53 million so I don’t know where 45 million is coming from. You failed to mention about my land deal. Do the calculations. That is in the millions even at bare bottom numbers. And my mom’s business is in an entirely different field. A specialty I am sure you would know nothing about. Yes purely my fantasy world. Yep I just made that entire elaborate story up. Crazy thing is I have actually given some advice of how people can make some money. I have been steadfast on my real estate angles and deals. I am making 30% a year from my development deals currently from doing absolutely nothing. Nothing but handing over a check. But that is nothing vs some other deals. I will give you a tip. Research wetland mitigation. I am pretty confident you have never heard of it and what it entails. The bottom line is it hard for people to make money without money. People are able to make some money in WFG without a bunch of upfront money. This is a simple fact. Is it difficult? Absolutely yes. Is it impossible? Absolutely no. So in the end who is helping who? My candid posts about this business and other endeavors or your approach to denounce anyone that gives an unbiased opinion not completely attacking WFG?

  • December 14, 2014 at 8:42 pm

    Many of you have nothing to do without standing in this site and wait and post comment, and spell check for each other huh? But I don’t have much free time like you, I have so many things to do, I need to enjoin my weekend, I need to relax, get ready for another week.
    Like i said, I have nothing to do with WFG; I don’t know much about that company, so I don’t care what people thinking about that company.

  • December 14, 2014 at 9:03 pm

    If you say Wfg scam, so what is WFG, what product do they provide, where is the reliable short that said WFG scam.
    If you can show up some reliability information and answer all of these question above then I will agree with you “WFG scam”,
    And If not???!!!… then this topic could be the longest topic in this blog, so I don’t have so many free time to be here, so I am out, and I also don’t want to have so many spam in my email, You’re always right, and you never lie, ok?

  • December 18, 2014 at 2:28 pm

    @PaulN and History8888

    I don’t know if you guys are secretly in competition to see who is most arrogant but it really is annoying to read and see your posts. Since you don’t have any actual proof or anything it is only considered assumptions and opinions. So I would have to say since there is no proof I completely disregard anything that you write. If you have the proof then I would completely agree with you. I see that you said this post is about experiences which it is a proven fact that it is the most unreliable information. For example there is people today that believe the existence of Mothman. Like they say your perception can be reality or illusion. For everyone else if your going to talk about number get your numbers right and show proof that WFG is legit however it is impressive that it is a 20 years old company which not many companies and franchises can last that far.

    • December 19, 2014 at 4:51 pm



      I have posted on here for several years. so have many others and their information IS very reliable as it is their actual live experieces with world financial group. I always try to be reasonable. As usual someone like yourself out of the blue just happens to land here and attack us. It’s so blatantly obvious you are all the same working together cheerleading. You have nothing of value to add and no credible response, so you try to bait angry replies to deflect from the true message here.

      As for trying to give a lame example of a company being “legit” because it’s 20 years old? Please… Philip Morris, Altria, casinos have 100+ year old roots. They make some people a lot of money but for others that “use” the products or services – it may not be so fruitful. If that is the message you are trying to send with your example good work.
      Pushers and users. Great business model. Hey but whatever makes money right?

      • January 16, 2015 at 2:23 am

        Hello Paul N
        Just went to a presentation by a WFG broker. After giving the “become a broker” presentation which I brushed aside out of a lack of interest. From what I understood that they try to give us lower interest rates on our loans and assist in making the best possible decisions with the amount of contributions to RRSP, RESP, and Tax free Savings accounts. ( which we do have already) He just focused on assisting us in making smart financial choices. According to his presentation, he makes commision on transferring business on existing products or selling new product, at the best possible rate. So I guess this does sound pretty good. I basically told him I want lower interest rates on loans and lower auto and home insurance rates as well. I also metioned we have no need for any life insurance as our provider is unbeatable so there is no point wasting our time on that. So he will do his best to lower interest and insurance premiums and see what he can do for us. BUT I like to discuss, think, and review information before I make any decisions. In your opinion is there any risk in providing financial information or dealing with this company from what I discussed here? So far I have not provided any valuable information to the broker until I decide to make another appointment.

        • January 17, 2015 at 5:59 pm

          Hello Mike.

          Again to clear up a few things. I am not he originator of this post only a frequent contributor. Secondly thank you for giving me this assignment to try to advise you but be clear I can only give my opinion and not professional advice.

          You ask some questions that are difficult to answer without knowing your overall financial picture. Do you own a house? Do you have a mortgage, car loans, debt? Do you live cheque to cheque? These are things that are important to know before anyone can give you advice.

          My advice is educate yourself with some basic financial knowledge then rethink your plan. You’re in Canada obviously, I would recommend books by Gordon Pape as a decent base to start from. He has some good books on TFSA and RRSP accounts. IMO if your salary is about $44k or less use your tfsa. If it is higher the RRSP becomes more attractive.

          Best of luck. I’m here if you have simple questions but this combination is difficult to answer.

          • January 31, 2015 at 8:18 am

            The people at wfg are either lacking intelligence or conscience.

            I got conned into attending their cultish meeting and very disgusted on their business model. Why? I dont wanna waste time explaining, but whatever the negative stuff you read on forums, yelp, and websites on wfg are 95% true.

            Thanks for Paul N for staying and dealing with these wfg sheeps and wolves to provide some insight to the uninformed people anout the truth of wfg.

            BTW Paul, wfg drones try to tell me that their GUL with LTC is the greatest product ever. Can you give some insight on that ?

  • February 1, 2015 at 1:17 pm


    Thanks for the kind words. Once again what I write is an opinion and not the advice of a true fiduciary professional.

    IMO term life insurance is the only insurance worth looking at. You also have to ask yourself what is your end goal with your insurance purchase. Try to address that with the most economical plan you can find. Too many people are over insured. Check if your work has something to offer for a small at source deduction when you get pad.

    These sob stories like in these comments above at greatly exaggerated and the percentage of people that will benefit from a 1 million dollar windfall from an insurance payout is very tiny. Obviously the small amounts taken from the many to pay for the few prove that.

    I’ll leave everyone with a video link for today if the host of FU will allow it. I kind of like this, very simple.

  • February 1, 2015 at 1:26 pm

    Sorry my bad, above link was not the one I wanted to paste. I have to work on my attention to details. This should be correct.

  • February 2, 2015 at 4:19 am

    I just went to a conference and am doing research on this company. Looks like this company is really not for me. I’ve never been a salesman and do not really care to “sell” things I am not really interested in.

    If you are good at selling and want to try this out, I do not see why not. As far as I know, you have to pay 100 dollars for a background check. From there you get your license to sell insurance or recruit people WHICH you will have to pay for yourself.

    The more I think about it, the more I realize it would be a tough sell. As much as this company is a legitimate business, it does run on a pyramid scheme foundation. Considering this company had to change (or branch out) their name from WFG to WSB to continue doing what they are doing, you have to see that as a red flag. For those that are making it in these companies, congratulations to them. I do not see major successes for any new recruits until they are at least 3 years in if at all. Now I do not know the facts of how anyone with WSB are paid, but this is my impression.

    I am a bit neutral on them, but for myself, I do not see it being something I want to do. The headaches and “pressure” of recruiting and selling would be too much. Sure although you cannot be fired or get knocked for being lacking in sales/recruitment, I am pretty sure there will be some peer pressure to perform disguised as a motivational push.

    To those that are considering this, again, think about whether you want to constantly sell/recruit or not and also if you are willing to pay for classes to get your license. Think about it. If you are not willing to put in the effort, then I say back away. As motivating (sometimes) as their sales pitches are, this is no easy task. The amount of money is doable in any field of work as long as you keep at your goals. Working for WFG/WSB would be similar, but again, think about it, how many people would run from you when they hear of “opportunities” that are available. Unsolicited recruiting is an unstable job to have.

  • February 12, 2015 at 5:29 pm

    I was invited to a WFG ‘office grand opening’ recently by an old friend and went with the intent to say hello and catch up. I was also drawn in by the slightly undercover messaging to learn all about this friend’s ‘new business venture’. When I arrived I was instantly uncomfortable. I can’t quite put my finger on it (and I consider myself to be well-adjusted in social situations) but the vibe was just off-putting and I felt like I was in a Stepford Wives-themed episode of ‘The Office’. I had to give my name and number upon arrival (red flag #1) and was briefly chatting with people dressed in business attire who just seemed way too rehearsed or fake happy to be there. No one was even talking about the sh*tty traffic they had to endure to get here during rush hour. Also, I expected that at the very least there would be wine to drink during this bizarre mixer, but to my disappointment there was only water (red flag #2). I stayed just long enough to take down some appetizers and ask a few people what this “presentation” would be all about, but all I got was a bunch of “you’ll just have to wait and see”s (red flag #3). No thanks buddy. I’m wise enough by now (at least partially) to know that the last thing I want to have to wait to see is something that I just need to wait to see. So I politely tried to say goodbye to my friend and exited together with the procession of newbies being led to their demise – I mean to the conference room – and instead made a beeline down a side hallway to the bathroom. I love my friend, but I’m almost slightly offended that I was almost coerced into attending some presentation after a full work day without anyone having the transparency to tell me what this was all about. I’ve read through this thread out of curiosity and feel that ‘honesty’ summed it up best (CMD + F) and agree that while this MAY work for some, this is NOT for all. It’s a group of people I have zero social connection to and I have no desire to ditch my current group of awesome friends and family-rich or poor as they may be- to join what felt more like a cult and less like a financial group. More importantly, I have to trust my gut and it was telling me to get the hell outta there.

    • February 12, 2015 at 7:10 pm

      You made the right move to run the
      other way.

      World Financial Group is a multi level marketing Insurance pyramid scheme

      that is run almost like a Cult .

      It divides families and communities
      using guilt and “affinity marketing”
      to try and take over your church, family
      and social groups for its own
      Nefarious purposes. ..

      Either you are with them or you are against them…They do not accept anything in between.

      In order to keep the pyramid from collapsing,
      WFG “moonies” must constantly
      recruit new members…
      or their part of the pyramid implodes and they make little or no money and must drop out While it collapses.

  • March 3, 2015 at 12:03 am

    Do anyone here know is that wfg also cell Obama care? I whent to the chearch last 3 munth and saw wfg people there help other family sign up for Obama care insurance, do you have some reliable information about that?

    • March 3, 2015 at 2:49 am

      Yeah we sell Obamacare, since it counts as health insurance the agent would need a health license which most should have.

  • May 24, 2015 at 7:00 pm

    OMG every single person that has anything bad to say about WFG is completely on crack, (expletive deleted) bored or (expletive deleted). WFG is amazing ive been a client for years and SAVE money on my monthly budget because of them there services are FREE how the hell is this a scam? im confused….we help people…when a plan is presented to them they actually get to take it home and think about it they could get a lawyer to look at it if they want. we are partnered with TD and a billion dollar company like transamerica and we have been approached by other insurance companies wanting WFG to sell there products!! if i hear another person complain i will vomit…you people are so pathetic.

    (Edited by Admin. Let’s at least try and keep it family friendly, Sheila.)

    • May 24, 2015 at 11:28 pm

      Hi Sheila

      Ya better get your bucket.

      Could you explain how the service is free as you state above? Do you even know how you are paid?

      • May 25, 2015 at 7:12 am

        If i person has to ask how the service is free then they obviously don’t know enough about WFG to have an opinion lets use life insurance for an example because we provide every single kind of financial service so i lll use this as an example. If i sit down with a family and put a policy in place for them the company i used to get that plan pays me and the client just pays there premium which is what the client is suppose to pay obviously thats not free DAAHHH and the thing is the client can cancel at anytime if they feel the plan isn’t right for them and guess what then….the agent has to pay back what they got paid from that i don’t think it makes a lot of sense to rip someone off. besides we do a financial needs analysis so we know exactly what the family needs now unfortunately there have been some agents that have sold people policies that pay them the most and is not the best plan for that family and my office is in the process of getting those agents licensed pulled because they are going against what WFG believes and thats putting families first so yes unfortunately there are bad seeds within WFG but that doesn’t make WFG bad as a whole you get that everywhere. with every single service we provide the agents get paid by the companies that we use to put our clients in better positions. the only thing it costs them is the money that goes towards that plan cause obviously i won’t pay there insurance premuims and obviously if they want to invest or open up a TFSA they put their own money into that account but thats it … we are partnered up with money recognized banks and billion dollar companies!!! do some peoples investments fail? for sure thats investments…we make our clients very aware of the different investment options and the risks and they decide for themselves like any proper investor…thats how it works!!! we are issued government regulated licenses and have to renew them yearly and the government issues this licenses!!! Any other questions???

  • May 25, 2015 at 3:33 pm

    I am re-posting this message I left back in November cause obviously History does not read anything else then what he writes. I have to say you picked a good screen name as you are so out of touch with the truth. I would love to see you substantiate all these claims you so easy spout from your mouth. You talk about WFG but seems your blog has gotten a facelift and some advertising since the last time I was here, controversy sells hey? Seems you are just wanting to make money on regurgitating the same stuff. Do you really think a company like you are describing with all those lawsuits you talk of, you really think that company would still be alive or even aloud to a broker for financial products, give me a break. This comment from history8888 on getting paid to recruit just shows me how little you know about the company you are trying to bash.
    About the only thing I can agree with you and your buddy paul n on is that people should get educated about finance, learn the basics and understand how money works. School has kept us ignorant to finance and how to make money work then just working for money. You talk about WFG taking advantage of seniors but the banks other financial institute have been doing that for year. In a network based company I think it is more sincere in wanting to help the client first this could be a friend, or partner parents, team members lead. Why would you not want to do best for them. People are not as stupid as you depict. People can tell when someone is being sincere or really wants to help and share. I also think people are smart enough that we can determine that an investments needs to make higher interest then the debt in order to make it work in your favor. These agents go to people’s homes free of charge to help educate and explain how we can help families, free financial review and solution plan if client interested. Maybe we are more polite in Canada but I never saw pressure sales on my team, not to say that couldn’t be happening not only in WFG but in banks and other financial institutes. We get clients that end up paying $125 here in Canada for AMA just for the access to education. So they can be more knowledgable about their own finance, some never get licenced but save money and taxes just learning about advantages and disadvantages so when they’re ready to do a plan they are knowledgable and can ask the important questions to make sure they get best plan for them. Others get stoked and look at the business opportunity to share with others what they have learned for the same $125 and make a business of your own sharing and helping others. I can get educated and/or work on getting licensed and then and only then I can share financial information, solution building or make any good money with WFG, there is a referral program for non-licensed but that go straight to AON or Heritage for example, which you can make small commission, but need License of course to make it a real business. I have found WFG not your average MLM buy your kit and away you go. No! They give you all the tools, the partners in your team support each other with training and field appointments to get experience and better understand the business system, as well as the vendors like Everett, RBC, AON and many more doing product training exclusive to WFG. So, if you are saying the agent doesn’t know the product then that is on the agent cause WFG is also a training institute and gives lots of training. The list heard this so much, does your up line make money on your list? Yes, they do, but this is the associates training ground, field training it is important to be involved in the process but until licenced you can not talk or advise others, so by having your trainer go out with you and you observe is invaluable, and they do free of charge they don’t alway make a sale. I went on many introduction meetings and he only made a few sales. Also gives you incentive to get licensed and trained faster doesn’t it. I think it is unfair of you guys to say things like they just recruits idiots down on there luck, sucker them in, again can’t agree in my office alone we have people from all walks, yes some from warehouse worker, painter, etc but we also have accountants, business owners, engineers, nurses, these are all intelligent human beings, financial services industry can be learned by anyone it is not a gift given at birth and I believe should be learned by everyone, put it in high school so poor and mid class can benefit too and how great that unlike your thinking, that WFG gives a person the opportunity to learn with a small investment and a bigger investment of your time unlike the traditional industry.
    Crappy products, again you don’t know what your talking about, first these are not WFG products, these are the same as many banks and other financials advisors might have access to. WFG just have more options and variety for which to build plans for our clients. Offering insurance, savings and investment under one roof like a mortgage broker shops the banks WFG shops the suppliers for the best products for our clients. We can help people build a plan that makes sense at no cost to them. We only get paid by the suppliers as we help the client implement their plan. So, if WFG has crappy products so does the banks, the investors groups, envisions, since Aegon took over the company they have done some great things like sponsoring the Canadian curling team in the Olympic games winning Gold, they are on top in the financial services industry they are not hiding like some underground cult or finance ring. They are successful because of the great culture, recognition and teamwork model they built, were everyone can grow together, try and get that out of the traditional financial services industry. Not likely. You guys should really get your facts straight before peddling garbage.

  • May 25, 2015 at 4:21 pm

    amen mary!!! i was a client way before i joined and it has changed my life for the better and everyone i touch!!!

    • May 25, 2015 at 4:47 pm

      And flowers sprouted out of the ground. And free puppies were given to every client signing up.

      So to go back to your earlier post. You stated your services to clients were FREE. You even wrote that in upper case to make your point. Your services are not free. Your clients are paying you through hidden imbedded commissions. Both in your insurance products and any mutual funds you put them in. Your fund fees are on the very high side and the insurance products are nothing unique.
      Most of your agents have little financial knowledge. The majority of them are novice recruits with a huge turnover rate. The chance of them giving any useful financial advice is little to none.

      Same old story – even a repeat post. Just two more commenters that make up happy stories to hide the truth. Many individuals have posted their real stories of their bad experience with world financial group here. Are they all wrong? I highly doubt it.

      • May 27, 2015 at 10:29 am

        We done have hidden fees or commissions cause they are not our products so if there is hidden fees or commissions it is coming from the banks and insurance companies we deal with. These are large well known companies so if that is the cause clients would pay those fees regardless if buying from WFG Agent or direct from provider. Sorry bud doesn’t hold water.

        • May 27, 2015 at 10:55 am

          Yes it does actually. You qualify the clients. You pick the funds for the client. Your proving my point again. You have choices over low fee or front load or DSC funds. And sorry that IS how you and your parent company are paid.
          Like I have written before you don’t even understand your own products you peddle.
          This is what’s sad.

          • May 27, 2015 at 11:14 am

            You are so wrong our job is to analyze and educate our clients any fees or load charges are explained to the client at the time the plan is presented the client is provided with options based on their goals and risk tolerance the agent doesn’t determine the fees and the client has final decision WFG collects no fees all payments go direct to the provider. Where do you get your information talk about non credible sources. ,

          • May 27, 2015 at 11:29 am

            I agree 100% Mary. Some people can’t except that they failed at something and now want to bash it to the world. If WFG is so terrible why do we have repeat clients year after year? And we have actually shown them other options that other companies offer just so they make the best decision for their families. And where does the billions and billions of money come from to pay agents and pay out peoples policies when loved ones die? Are there really that many dumm people falling for WFG? I doubt it. WFG is the number one financial company in several provinces in Canada. If you can top it and prove it. Please proceed cause I want to be with the best company. So I’ll switch if you give me reason!!!

          • May 27, 2015 at 11:47 am

            We have the best leaders from all the top companies of all of Canada come out to our offices and educate us on their products. So yes we don’t have to know everything about everything. We have the best people in the business on our side teaching and educating us!!! We have over 100 companies who we represent and the list gets longer every day. We sell other companies products because we are brokers I mentioned that once before why is it still not getting through thick skulls?

          • May 27, 2015 at 11:47 am

            The never ending bs infomercial continues. And a rainbow will always be near your house if you sign up with us.

  • May 25, 2015 at 5:25 pm

    OMG you people really are sad and really have no clue WFG doesn’t have their own products thats the beauty we are brokers we shop around and get the best for our clients every time. I replace existing policies all the time with the exact same coverage but smaller premiums because we can offer the same thing for less. this happens daily i have 5 primerica policies on my desk as we speak and one from my friend who has a policey from sunlife!!! My best friend has been with WFG for 12 years and has NEVER had a charge back because of unhappy clients he makes 250000$ a year!!! its true that lots of people can’t make a go at WFG because it is hard work anything great and worth having is!!! And lots of people come in with very little knowledge in finance yes… my brother new nothing about surgery before he became a surgeon…but wait there is this wonderful thing called education and learning….every success story has at least ten fails… but thats what makes success…learning from your failures instead of giving up!!! Ever heard of Greg Strynadka million dollar a year earner in Alberta has over 500 people on his team…think they are all part of a scam that is worldly broadcasted and public? vegas convention in august 30000 people all with WFG…sounds like there might be some very jealous people out there that could not make a go of WFG and now are being petty and immature…so sad!!! WFG pays out over a million dollars to there agents in a month…how the hell can a business pay out this much in commissions and not be red flagged if it wasn’t legit? i have had clients die and they have showered me with gifts because i was there for them making sure they were protected…That helps me sleep at night!!! people have huge money problems when we fix big problems we get compensated for that. Root canals are $700 big problems..big fees…and that gets paid by the client..big problems we fix don’t even get paid for by the clients but by the companies we use to help these families….sooooo amazing!!!!

  • May 26, 2015 at 12:35 pm

    recruit… recruit… recruit…. preying on the emotions of people. some of my family members have drank the Koolaid and have joined the cult. financial advisors that can barely speak or communicate in english. 95% of members are asians and other minorities. Everything they pitched are scripted. Most if not all have been involved in many other MLMs before. Just one Question… have they been successful in just ONE ?

    • May 27, 2015 at 12:10 pm

      I hear a lot about the recruiting yes recruiting is a big part of the business know why? Cause people are building a business to open their own agency. If you were running a pizza joint or any business really would you not go out looking for a few good people to work with you to build your business. Some recruits work out others don’t no different then building any regular business so employees are great hard working, reliable other not. The scripts and.information you are talking about is called a system so people are all on the same page and to have consistence in training. Does a regular business not have scripts for there business, company policies, procedures. Yes, of course they do so what is the difference. If you had ever been to a convention like I have you would see the company has people from all cultures and backgrounds 95% minority’s no way. Yes in some areas like Surrey in Vancouver you will find more Indians cause that is the area and lots of Indians there same as Burnaby one team almost all Asian but again the leader for that team is Asian so makes sense don’t it? I think it is wonderful that the company is multi cultural so we can reach and educate more people from all ethic groups and actually make it more comfortable we leverage our team this way too. Truly a team environment where the client benefits. Now I can’t speak for all teams or people in WFG cause people are people but the company and my team always think of the client first. One piece of advise anyone thinking of joining the company make sure you have a leader you can relate to if that person says or does something you feel is wrong or unethical in your eyes get a new leader, even report them to head office. This is your business and must depict your mortals and beliefs or you will fail and become bitter about the whole company where you may have just stumbled onto a bad seed. I have persoanally met many reputable, well knowledged agents in WFG should I introduce you?

  • May 26, 2015 at 2:12 pm

    OMG these posts get stupider and stupider. No ones emotions are getting played. WFG is very very clear on what are business is. I have 11 recruits and every single one is excited to come on board and change lives some make it some don’t. Like any job or career path. No one ever joins under false pretences it’s impossible. Our presentations are very clear on our business. Anymore pathetic posts? Bring them on!!!!

    • May 26, 2015 at 4:58 pm

      Up until you wrote some replies here I was under the impression that the valley girls from the 80’s were all long gone. Obviously not.

      There is nothing you have written that hasn’t been refuted in the many posts here. Nothing to “bring on”.

      There are just so many competitive products to the ones you offer that are so much better and cost less. No client cares about your silly cult meets where 30,000 people get together to play patty cake and be a blue team or a green team.Its both irrelevant and ridiculous and proves everyone correct here.

      Your right people don’t “wish” to get a job under false pretenses. But wfg and you mentioned primeamerica both seem to base their recruitment practices in very suspect ways. Also their client sign ups. Like desperate guys at 2:00 am at closing time at a bar trying to get anyone that will fog a mirror to do business with.

      Your just another wfg cheerleader ignoring facts and spewing the companys same old mantra. I certainly wouldn’t purchase any product from somone who communicates like you do here. It’s just a disaster in the making.

      • May 27, 2015 at 2:21 am

        Poor you. You must have been burnt bad by some real asshole pretending to be some nice WFG guy. They are out there unfortunately even the best companies have creeps. Luckily the real world of WFG doesn’t work that way. Just a few asses who have gone a bit loonie. Probably because they didn’t succeed. Again very sad!!!!!

  • May 26, 2015 at 7:26 pm

    Paul you just make me laugh.

    Do you not have anything positive to say about WFG? It seems like you have been studying this entity for some time and you really don’t have one good thing to say?

    Here is what an unbiased position looks like:

    The negatives:
    It really is cult like.
    The meetings are redundant and don’t offer too much new or important information.
    It is focused on recruit,recruit,recruit.
    Many of the agents only know a few products and this limits the clients.
    Many agents don’t educate themselves as much as they should.
    You have to spend a great deal of time to make it successful.
    It isn’t easy.
    It really isn’t made up of a diversified group of people.
    Many agents will fail.

    Ok now some positives:
    You can make money but you have to be ambitious,hardworking,determined and patient.
    It is your own business and the startup for a new business is minimal (but it does cost money- you will probably spend over a thousand before you make anything)
    There are a ton of training opportunities and a wealth of knowledge if you take the time to learn. (This is much better than the meetings unless it is sponsored by a vendor) You can soak up as much information as you seek.
    There are many,many,many products to choose from and many more than what other financial advisors have access to.
    If you build your business right you can make a lot of money and for many years even if you stop working.

    I am just wondering what bone you have to pick with WFG? It has some good products to offer clients but to say it is a one stop shop would not be the opinion I hold. I believe people should be diversified outside of the stock market as well. Did you ever look into what I had previously mentioned as an investment or instead are you just persistently resolved to shout it out to the world just how terrible WFG is and all of its products?

    • May 26, 2015 at 7:36 pm

      Agreed. We don’t have our own products. We shop the market all over canada for the best for our clients. And even once a plan is offered they still get to think it over. We educate our clients so they know what there options are they tell US what they want and we help them along. So ignorant the people that feel the need to bash. Don’t understand it at all.

      • May 27, 2015 at 4:53 am

        I think you both forget the title of this post. “My experience with world financial group”. So your say all the people who have taken the time to write something here (and a quick look around on Google) many other blogs somehow are all wrong?

        All you two do is make broad statements that continue to not really say anything at all.

        “Christie” did you and your mom run out of million dollar land deals again and have to come back here refer back to your former nonsense? Yes people should read your former posts here. They are quite entertaining. That’s about it though.

        • May 27, 2015 at 10:18 am

          Geez Paul starting to sound threatened. Getting your back up now you are saying just because we have not had a bad experience thatall the people that posted about there bad experience on here and the web must be wrong or liars, really Paul? Even you can’t be that narrow minded, hmmm. I get it you an all or nothing guy, no glass half full for you, one track mind but believe it or not there is more then one type of experience. Maybe you should rename the blog for what it is “my bad experience and bitch session” cause you are obviously bias to your view. Nothing’s perfect I liked Christies post cause believe she is being neutral in you post. Everything has positives and negatives. I don’t agree with all her negatives but think she is at least being honest and opened minded unlike others that have posted here. I will comment on one point she made about cult like, yes, the meetings are high energy lots of testimonials but used to help motivate and keep people positive cause it is not easy starting your own business and your time is your investment some need more encouragement then others. So, I prefer ra ra or motivational meetings. Great thing since it is my own business I can choose to go or not. I am pretty self motivated so sometimes I admit can be over the top for me but it is not just about me. At least the people in WFG are not drone looking like I have seen and met in some other companies leadership. So don’t feel brain washed and haven’t stripped myself of all my worldly possesses to pray to some WFG God. They do want to built your belief in WFG and yourself to help you become successful as we know if you can’t believe in what your doing you will never be successful.

          • May 27, 2015 at 10:35 am

            Not threatened at all. For me to be threatened it would have to come from a credible source.
            So we know that’s not you

          • May 27, 2015 at 10:48 am

            Oh, isn’t that nice we have something in common cause your not a credible source either. At least I have more knowledge and understanding of the business more then I can say for you my friend. Awwww thanks for the bonding moment. Lol

          • May 27, 2015 at 11:16 am

            What a loser you must be Paul. It’s always men that bash things that don’t work out for them they feel less masculine I guess !!! Besides why are you even on here. Don’t you have a life? I’m home with baby twin girls getting very little sleep so I’m home a lot….and BTW still making 50000$ part time. What’s your excuse? People that feel the need to bash things publicly are pathetic loser who feel life has given them a raw deal and someone needs to be responsible. Shit happens deal with it and move on. If you really were sincerely concerned for the people that get as you say” suckered in” you would properly handle it but because you don’t have a leg to stand on you feel the need to be childish and petty and it’s very sad!! I’ve been in real estate. Was a EA and worked for a mortgage broker and WFG is by far the best opportunity and environment I’ve ever been involved it. People can join or not. No one is forced!!! Our company grew 1000% this last year. Because it is just that awesome!!! What are the stats of other companies?

          • May 27, 2015 at 11:54 am

            No the losers are any clients that sign up with one of your pathetically performing high fee products.

            Can’t you cheerleaders come up with anything original or not already discussed before? Your monotonous load of poop is getting tiring.

          • May 27, 2015 at 12:20 pm

            Yes Paul I agree you should come up something original or helpful at least rather then just the same old wine, cry and talking shit about things you know nothing about. Take you own advise.

        • May 28, 2015 at 4:42 am

          Gotta love how anything that doesn’t coincide with 100% of what Paul believes is considered “nonsense”. Fortunately there are those that live in world where there may be some “butterflies” instead of this world that Paul lives in which consists of gloom and basic despair.

          I have remained consistent on every post I have posted here. I started with WFG not to solely make a living but to help my friends get out of their current career as they had little or no money and couldn’t join me on some of my other investments just yet. So in the past 4-5 months I have been busy. I did close on a 53 million dollar deal in an investment I told you to research some time ago. This will help some of my friends to make millions. I created a beautiful website and began SEO work to establish a financial business for my friends to gain regular clients with the platform of WFG associated products and investment vehicles outside of WFG in order to give clients the most gains. I have brought my mother in- laws wedding business over 100 booked weddings a year and am now listed as a financial vendor for them which brings steady clients as there are always a stream of people that are looking for some way to build their money. I have 13 people in my group and 5 licensed people. Not too bad seeing that I haven’t spent too much time on this as my primary focus has been on closing the 53 million dollar deal. I did go to San Jose though and actually paid for four people to go. It was actually informative and I was impressed.

          So I am just wondering what you have done in the past few months. I am just wondering who you have helped?

          The only thing that has changed from what I previously had stated is that our entire group has lost confidence in our SMD and feel that they are not the most trustworthy person. Nothing else has changed nor wavered in my posts.

          Jim was right. WFG can be viewed as a platform as they offer more products than other financial advisors have access to. You have to be open minded. It is quite ridiculous to group up all these WFG agents and say they are all selling bad policies. My previous financial advisor sold me a VUL policy when I was in my early 20’s. He doesn’t work for WFG and he did such a thing! Oh my. Most financial advisors actually suck and are out for the money. Even your Edward Jones people are making a killing on commissions on the exact same stocks you can choose yourself for next to nothing. The whole key here is most people don’t want to think or worry about their money…. and you just have to find a good financial guy. It could be with WFG as long as you are dealing with someone that is educated and is a sincere and honest person. WFG has a number of products to offer their clients and this was perfect to put along side other investment deals for our client to fulfill an entire package.

          Good for you Shiela that you are making money and staying home with your kids. That is awesome and what life is about.

          And yes Mary I may have been a little harsh on some of my negatives but my group does joke all the time how our office and upline is cult-like! The meetings are meant to help those that have no drive and those that really need motivation. I think WFG has gotten the 3-3-30 idea wrong and they push it too much. They cause teams to grow too quickly with very little knowledge which leads to more people failing and the resulting “zombies”. I know that this had led to explosive growth but has also led to many people failing. With this being said, I still believe Xuan is a great guy who has a good heart and really wants to help others.

          Good luck to everyone

          • May 28, 2015 at 5:38 am

            Why don’t you post a link to your “beautiful” website you created. and tell everyone exactly where your land deal is? I’m sure that could really give everyone a better picture of the nonsense you just wrote.

  • May 26, 2015 at 7:30 pm

    Yup and I’m correct again. Sore losers that couldn’t make it in the amazing WFG world. So sad. Only sad ignorant losers will see the bad in something so amazing. Jealousy never wins. Most of my friends are clients savings tons on there new policies and in there budgets because of WFG and helping so many families reach financial freedom while getting paid a six figure income. So frickin amazing. And those that couldn’t make it work standing in the sidelines bashing like a bunch of babies. Once again so sad. I will pray for you!! 😉

    • May 27, 2015 at 5:00 am

      Yea Sheila nothing but rainbows….we have all read this before… Same BS.
      Nicely written, ignore the topic as always and attack anyone with any sense.

  • May 27, 2015 at 2:15 am

    I’m totally convinced now that there must be another company using the WFG name. Or I don’t think anyone of you bashers have actually been to a WFG presentation agents don’t have to recruit the guy that brought me in worked for WFG for six years just working as a financial advisor making 100000$ a year he only started recruiting because his friend asked him about his job and why he was so happy and not working a 9-5 job so he shared and his friend wanted in. Became very successful and decided to share the opportunity with others now if you have actually been to a presentation you would know that we have taken the best of both worlds non traditional business models like recruiting and traditional and blended the 2 positives we don’t sell useless crap like cleaning products or Tupperware. We are sharing the tools and opportunity to achieve financial health and security. The more people that hear our message the more people will get saved from financial disaster. Bottom line you can work independently with no recruits or you can build a team and a business and spread the opportunity to those that want it. And our licences are no different then those of any other financial institution!!!!!

    • May 27, 2015 at 5:27 am

      Yes that must be it. Another company. That’s a new one.

      Again you completely miss the theme here. This blog is not about the 1 in 1000 people that will make a gazillion dollars recruiting and signing up unsuspecting people into products unsuitable for them. It’s for the others. Plenty of factual stories here within this blog.

      So your “infomercial” posts dressed up as replies again really say nothing. But that is par for the course for you guys. “Saving people from financial disaster”? I guess your vision of building a team is trying to sign up clients hunched over a table at Tim hortons or “recruitment ” at family parties. Wow great plan there.

      Lucky most people are bright enough to see through this nonsense.

      • May 27, 2015 at 6:27 am

        I’m quite Serious. I’ve read so many posted that don’t even come close to our company. I did read another post on another link where the WFG logo did look different. So I was wonder…. my team that I’ve built consists of people doing the exact same job as me. In fact 2 people below me actually got licensed before me and was making money before me. Little embarrassing for me cause I’m suppose to train them but I have twin baby girls at home and didn’t think I would have so many awesome people in my life wanting to join my team. I don’t know what Tim Hortons has to do with this. That’s why I’m convinced that there has to be another WFG cause nothing you say makes sense. We have 3 SMDs on our team and every single person has that chance to be that as well based on their work. Does Tim Hortons have all managers doing the exact same job? I think I will have to research this. Cause I’m just getting more and more confused here. Unless of course the experience you had was like I said with a complete ass… But that of course wouldn’t be WFGs fault just that individuals problem.. But you wouldn’t be that ignorant and peety to not know the difference would you?

        • May 27, 2015 at 6:48 am

          Yup poor you sounds like you got convinced to sign up and got burnt. Well just for the record it is not suppose to be like that. If that happened I hope they are no longer with WFG. It is 100% clear to everyone that attends the meeting or that we talk to what exactly it is we do and what an amazing opportunity it is we make it very clear that they should start part time because it may not be for them. It’s isn’t for everyone !!! We make it very clear. I’ve had people approach me and ask what I’m doing and then ask me how they can do that to. Then I invite them to a meeting so they can see exactly what it is and they can decide from there for themselves!! Nothing sneaky about it. I’ve had lots say no as well for different reasons and that’s fine!!! We actually talk about this at our staff meetings on how we all came to be WFG agents and why they are here. No one ever feels scammed in. Some don’t go very far because life gets in the way. I have a few going through ugly divorces and can’t give WFG the focus it needs and deserves I don’t benefit from people at all unless they work so why would I recruite everyone just so I have a big team if no one does anything ? Most of my earnings is from my own personal business. I don’t plan to recruite much because the team I have is awesome and very successful .. Even more so then me and I do very well with my own business. But yes unfortunately some just recruite the shit out of it as some kind of power trip or maybe a contest. But again not WFGs fault and game plan just that individual WFG gives people options. Get your own clients or build a business getting more on your team it’s up to us!! I’ve worked at some pretty good companies and there are always stupid people within that give that business a bad name WFG is no different. So if you have a bad experience. Talk about that individual not WFG as a whole!! And yes there will be a lot of individuals WFG is huge so is walmart I’ve worked there. Loved it. But lots hate it and boy do they let the world know!!! Again bad managers and people in certain stores and offices. Not the business as a whole!!!

          • May 27, 2015 at 11:02 am

            WFG is a Scam and a Cult.

            I have heard people, accurately, describe it as a Multi Level Marketing
            Insurance Pyramid Scheme/Cult.

            The talking points thrown out here are directly taken from the WFG corporate offices spiel “Helping Families”, Saving Families from Financial Disaster etc…

            what a complete bunch of BS…

            They only ones you are helping by pawning off these high load, high commission, underperforming
            junk insurance investment contracts
            is WFG and the commissioned Reps…

            The internet is full of comments from customers who have been burned by these complete crap products..VUL is the worst product for just about anyone’s
            financial portfolio according to Forbes…

            WFG is a vendor for other companies products.
            It steers its agents into selling the high load, high commission products
            at the expense of the clients.

            Very Many Clients could wake up with a worthless negative value
            insurance investment contract sold to them by WFG
            and have to come up with extra cash (“cash calls”) just to
            keep the product current…

            Many Families are in for very big surprises when they find out
            how badly they have been mislead and bamboozled by WFG
            and its unsophisticated sales force that knows little or nothing of
            the products they are pawning off on clients..

  • May 27, 2015 at 11:53 am

    MLM in itself isn’t bad. People going in know very well what it is. Again WFG gives you the option of being a financial adviser without recruiting if that’s what you want. It’s up to you. Such pathetic humans on here trying to pretend they know what they are talking about. Probably haven’t even worked for WFG. Just blowing off childish gutless fumes!!!

  • May 27, 2015 at 12:00 pm

    Omg Paul what a human waste. I dont think you can read. WE DONT HAVE OUR OWN PRODUCTS. Companies around the country want WFG to sell there products because WFG is frickin awesome. If you don’t like their products. Bitch at them. But you can’t. Because they are awesome too. You must have a pathetic life and an even more pathetic future. Mines fantastic thanks to WFG!!!

    • May 27, 2015 at 12:19 pm

      Again nothing about the product – all about the personal attack. Do you see a pattern here? Just continues the bad experiences communicating with anyone involved with world financial group. You must be proud. Maybe world financial group should give you a medal of some sort? Apparently this posting draws a very high number of visitors per day. Reading your words do you really think you are being beneficial in any way here?

  • May 27, 2015 at 1:05 pm

    Actually there is a lot of good posts here. Lots of petty stuff going on too Those of us smart ones that actually work for WFG know the truth. That’s all that really matters. I’m confused how we have a bad approach. We hold meetings we tell people what we do and give them the opportunity to be clients or join or do nothing!! Those are their choices. Lots of people think we are a Get rich quick deal. But we are not. It takes hard work but we can achieve awesomeness and multiple figure incomes in as little as 5 years. Or option 2 work for a scam where you work 40 years accomplishing nothing… Oh wait that’s every average job!!! I think maybe you were mislead into thinking you would get rich quick with WFG. Now your pissed. Well im sorry for that but that’s not WFGs mission. Someone screwed you over and that’s unfortunate!!! Go find them and bitch at them instead. You have a 1 in 79 chance of making a million dollars a year with WFG and a 1 in 80 chance of winning 5$ with loto 6/49. Go play the lottery cause I think you are to lazy to do real work and I’m going to keep helping families!!!!

  • May 27, 2015 at 1:13 pm

    WFG is a scam and a cult.

    I have heard people properly describe it as “Amway on Steroids”..

    • May 27, 2015 at 2:39 pm

      Amway you say. So we sell useless products to a minority of the population. Interesting. I didn’t know amway had the tools to financial freedom and security for ones future. I may have to check out amway !!! Cause if they are helping families like WFG helps families and 1 in 79 people are making 1 million dollars a year while doing awesome things for families. I may switch!!! Tell me more!!!

  • May 27, 2015 at 3:21 pm

    the defininition of SCAM is a fraudaulant business…wow WFG must be amazing at being fraud since its been around for a very long time and i guess the biggest finance and insurance companies and banks like TD like doing business with fraud companies….nice!!! the policies and investments we set up for people year after year are fake….and everyones losing money and noones caught on…ha interesting!!!

  • May 27, 2015 at 4:14 pm

    So its very interesting how this post moves in many different directions. Some people feel WFG is a scam and fraudulent and others feel beneficial from it which is their experience with WFG. I did some indepth research and I would have to say it is NOT a SCAM. Plus the word scam is uneducated and used more as a punchline then anything else. As far as legal aspect it meets all critera as a legit company which makes sense as far as how long the company lasted. Which most companies that start up fail within the first 5 years which is a fact. I also found that WFG is just a platform not really a company that is a face or a provider of products but rather sell products from different providers like Walmart and Amazon which is a fact as well. Now is it possible some of the agents are bad apples and is about greed SURE. Is it possible some agents not knowledgeable in finance POSSIBLY. However just because a company has bad apples or not knowledgeable then let me know which company that is perfect because I certainly cannot find one. If your going to attack on business model such use words as pyramid schemes please let me know what business model and structure your job is.

    PS By the way the co owner of Amway owns Orlando Magic NBA Basketball Team(Richard Devos) which is a FACT

  • May 27, 2015 at 4:50 pm

    Thank you Jim yup agreed there are definately bad apples in WFG like all companies unfortunately. Just because someone doesnt like or agree or had a bad experience with something doesnt mean its bad or a scam!!! And BTW i dont think amway is a bad company or any of the MLM companies…they work for some and not for others some like them some dont thats life!!!

  • May 27, 2015 at 5:27 pm

    Jim & Sheila,
    I agree wholeheartedly with what you both are saying. I think most reasonable people would agree but these boys up here are not reasonable and am beginning to believe not very intelligent or educated either. So I am not going to waste my time trying to explain reason to unreasonable people that are closed minded. I suggest you do the same they are not trying to help people they just want to make money on controversy, there are so many people that want to make positive change in there life and get educated on things that are important to their lives and well being that I would rather put my energy into that. I wish much success to everyone. As for Paul N & History8888 I feel bad for you that your so focused on being right that you can not even see reason but that is your issue to deal with or not and I don’t have time for people that are not even willing to help themselves. If this is how you make your living that is pretty sad guys but maybe talking crap is all you can do. I think you boys need to expand your horizons. Peace out and good ridden.

    • May 27, 2015 at 6:05 pm

      There has to be a mental institution out there somewhere that left its door open. You people really need to find real work so your minds are occupied with something fulfilling and one day see the truth of who is right and wrong here.

      • May 27, 2015 at 6:44 pm

        What the Paul institution? What’s a real job? Working 9-5 doing meaningless work day in and day out. Never learning new things never helping people never making real money. Sounds more like hell then a job. I’ll stick to working hard for families and making good money in the mean time thanks!!!

      • May 29, 2015 at 7:36 am

        Ah Paul,

        If you can’t pound the facts, pound the table eh?

        A little intellectually lazy; don’t you think?

  • May 28, 2015 at 11:28 am

    From Another Forum Posting

    “World Financial Group, Be Careful of this MLM”

    World Financial Group is an MLM company dealing in financial instruments. They typically recruit from the Asian community and seem to focus on college students and those who have recently become unemployed. After a personal investigation, I feel it appropriate to share my experience with this organization as it relates to personal finance. The conclusion being that members of this group may engage in deceptive tactics to sell high-cost financial instruments with evidence that they may suppress information which attempts to expose them.
    The group has gone through various name changes (WMA – World Marketing Alliance, WFG – World Financial Group, WLG – World Leadership Group, PHP – People Helping People). I recently dated a girl who was involved and what I discovered was a bit scary to say the least. Something was always sort of off about her (why repeatedly attempt to sell me an insurance policy when I work for a fortune 50 company???). She had been in the group for around 5 months, and became more and more obsessed with “the business” as time went on. I knew something was up and did a bit of investigation because I cared for her well being.
    The group has been known to use deception and cult like control on its members, very similar to the Amway textbook. Yes, I know it sounds crazy, but I discovered the branch manager did not own the house he claimed he paid for at a recruiting event / house party via public property and mortgage records. This may be a tactic used to draw members. If one makes themselves seem more well off than they really are by renting expensive cars and homes and they can potentially pass them off as having been earned through “the business”. The event was a bit odd for an outsider, e.g. guy evangelizing that he came from nothing and became rich and you could have a house like him if you joined the group. People taking pictures of the house and sending it to recruits, and an all round eerie vibe. One of the members mentioned he had stopped talking to his parents and dropped out of medical school in order to pursue a life in “business”. If you go to another area or city with a different branch manager, you will see the same event and similar storytelling played out before you. There are many reports claiming that these fraudsters are actually broke and/or carry bankruptcy filings.
    When I brought this up to my ex, I got told I was crazy and the person ceased contact. Possibly as an order from the upline and told the entire office was laughing at me. Literal solid proof that this was going on and I am untrusted then discredited to the local office. Okay, sound unbelievable still? You will notice online that negative commentary concerning members of this group are censored. Seriously, note that Google gives you omitted results when inquiring about some of these things.
    Fortunately, back when the group was known as WMA, up until around 2006, a group formed to expose the true nature of what goes on in the group on (ex-WMA). It was pulled down for unknown reasons, but…. Using the Way Back Machine (an internet archive service), you can see this website as it was when it was still standing in 2006. There are accounts from past WMA and WFG employees that you will likely find shocking if you have spent any time near this group or those involved.
    I would not believe it if I hadn’t experienced it myself. The company sells a variety of insurance products but it seems like the only thing I was ever pitched, and other reports confirm was the FIUL policy. I was told that through the FIUL I would be investing and getting life insurance. After examining the details I found that you pay out the whole first year to the agent who sold you the policy as commission, and the high maintenance fees plus cost of insurance have a potential to eat up any sort of “savings” the policy was supposed to retain. My recommendation, let them draw you up a policy, have them print it out, then take it to any reputable firm to get the full details on what you are being sold. An ex-member informed me that many of these policies are defaulted on after 4 – 5 years resulting in potential surrender fees that leave those who default with nothing. Keep in mind, these are generally $200 per month FIUL policies being sold to low income families. Your agent may not always have your best interest, so be smart before making any decision.
    The cycle continues because they ask you for 25 names when you are recruited, and will call these people regardless of whether you decide to stick with the business using your name and relationship to leverage a sale or recruitment. The entire system being commission based and recruit focused with attention to exploiting the trust of those around you. They will tell you all sorts of things like being backed by Aegon and Transamerica. Great, Amway is also one of the largest companies in the world too but a quick search can turn up plenty of horror stories involved related to their MLM. You likely won’t make it, you are just propping it up higher.
    There is a cult-like “us-vs-them” attitude in the group. Members are instructed to cease contact with those who are against “the business”. Seriously, mention something skeptical about the business and you will be called “negative” and “arrogant” (words straight from their training which is textbook “vindictive psychology”). Those trips they boast about? They may not be paid for in full by the company. It may be out of your own pocket or an investment by your upline to put you in a conference. An ex-member informed me that after a trip to Tahiti he received a 1099 for $16,000! Also, you may be asked to make increased payments as you advance up the chain. An Associate pays $40 month, the next level MD or marketing director can be asked to pay $1,000 month for shared office space. They don’t tell you this of course until you actually hit the promotion. This is all technically legal, but you can’t help but notice the red flags.
    Take a look at the snapshot from 2006 and for bonus material have a look at speakout section 1 – 3rd post down and speakout section 3 – Search for “The Power of ONE pissed off BITCH” . These are from the site mentioned earlier and is only available due to being archived by the Wayback Machine. One can only speculate why is not currently online.
    Why haven’t you heard about any of this? Because it may be suppressed. SEO appears to bring up the following. It seems like they don’t want you to know is what actually happens when you invest time in the group (which very well may vary in different locales), and may be why this information is so hard to find. I read that one person claimed to have lost his life savings to the group and successfully sued but was unable to describe details as part of the settlement agreement.
    As evidence of suppression, my first post to /r/jobs was deleted due to the arrival of shills on my original post. Admin, /u/appropriate-username has recognized this as a misunderstanding and given permission to repost. I think people should be aware of this. It’s pretty weird to say the least. I’ve been harassed multiple times since posting this content. It’s apparent that something about this content bothers a few individuals enough to create new accounts and attempt to discredit me with offensive remarks. I think people should know about this.

    • May 29, 2015 at 8:50 am

      [quote]The conclusion being that members of this group may engage in deceptive tactics to sell high-cost financial instruments with evidence that they may suppress information which attempts to expose them.”[/quote]

      Patently untrue, in some cases WFG sells certain instruments for less than what the institutions themselves offer them for

      [quote](why repeatedly attempt to sell me an insurance policy when I work for a fortune 50 company???)[/quote]

      This argument is what we call “distortion of truth through association”; the attempt is to infer connection with a successful company. To counter that, if I were a Janitor at a hospital, should I be giving out medical advice to Doctors? No. The statement is merely an attempt to justify self righteous indignation and validate views.

      Using sneer quotes on the business is used to further infer a lack of legitimacy without actually providing evidence.

      [quote]The group has been known to use deception and cult like control on its members[/quote]

      Even if true, you have not provided any evidence that this is an approved tactic; you have only demonstrated evidence that there are people who are immoral in the financial industry. A recent exposé into the financial industry actually demonstrated that many agents were guilty of misrepresentation in order to make sales. The take away should not be that WFG is bad but rather that the industry is sometimes infiltrated by negative elements. In talking to clients, I’m appalled at what agents have done to families and that covers all providers, agents and brokers.

      [quote]Literal solid proof that this was going on and I am untrusted then discredited to the local office. Okay, sound unbelievable still? You will notice online that negative commentary concerning members of this group are censored. Seriously, note that Google gives you omitted results when inquiring about some of these things.[/quote]

      Making dispersions and assumptions are not “literal solid proof”. My assumption is that you may not understand what literal mean as it is commonly misused. As for “omitted results” Google does it’s best to censor libel and unfounded accusations. Fox news was recently in an uproar over their plan to place less credible sources at the bottom of search results.

      [quote]I would not believe it if I hadn’t experienced it myself. The company sells a variety of insurance products but it seems like the only thing I was ever pitched, and other reports confirm was the FIUL policy…..Your agent may not always have your best interest, so be smart before making any decision.[/quote]

      This is something that I know is rampant in the industry; Agents that work hard to get the highest commission or to win a trip/giveaway for selling a particular product. This certainly does create a conflict and you are 100% correct in being bothered by this. Something that you may not know, however, is that WFG does not allow agents to accept any incentives from particular product providers in an attempt to reduce instances of a conflict of interest. Unfortunately, beyond that, agents from any company may turn away from their fiduciary responsibility to line their pockets. Given the steps WFG has made to reduce these conflicts, the fault is clearly now with the individual agents.

      [quote]The cycle continues because they ask you for 25 names when you are recruited, and will call these people regardless of whether you decide to stick with the business using your name and relationship to leverage a sale or recruitment. The entire system being commission based and recruit focused with attention to exploiting the trust of those around you.[/quote]

      This becomes subjective here. If the person who has brought you into the company is immoral and only looking to sell the highest premium to the most people then yes. Not because of the list but because that particular agent is victimizing everyone. If the individual that has brought you in is focused on doing what’s right for the client (which is their responsibility) then your closest friends and family will be the first to be put into a better position. The part of your argument that I do agree with is that immoral agents are using the 25 names to create more victims and the new recruit doesn’t realize it. Personally, I’ll replace anything that isn’t in the best interest of the client, regardless which company issued the policy.

      [quote] here is a cult-like “us-vs-them” attitude in the group. Members are instructed to cease contact with those who are against “the business”. Seriously, mention something skeptical about the business and you will be called “negative” and “arrogant” (words straight from their training which is textbook “vindictive psychology”).[/quote]

      Libel. System manuals are available on line and what you have written is libel.

      [quote]Those trips they boast about? They may not be paid for in full by the company. It may be out of your own pocket or an investment by your upline to put you in a conference. An ex-member informed me that after a trip to Tahiti he received a 1099 for $16,000![/quote]

      Not being from the US, I’m afraid I can’t speak to the tax laws but in Canada there is something called a taxable benefit. One such as that may also be written off in part of even in full depending on the nature of the trip. i.e. conventions/seminars. Your friend most likely needs a better accountant.

      [quote]Also, you may be asked to make increased payments as you advance up the chain. An Associate pays $40 month, the next level MD or marketing director can be asked to pay $1,000 month for shared office space. They don’t tell you this of course until you actually hit the promotion. This is all technically legal, but you can’t help but notice the red flags.[/quote]

      Firstly, you can refuse a promotion but seeing that it increases your commission, that would be foolish. Secondly, when you hit the promotion, it is because you are generating more business and utilizing the office in question. How do you think offices are paid for? Do you not understand the concept of business overhead? I’ve run a successful traditional business for 15 years. Last year my expenses were about $400,000 and I made less than what the average WFG agent makes. I’m shocked in how good WFG agents have it. Potential earnings vs potential costs/risk is disproportionate compared to the average business owner. The only people that would be put off by this would be those with a 9-5 employee mentality.

      [quuote]Take a look at the snapshot from 2006 and for bonus material have a look at speakout section 1 – 3rd post down and speakout section 3 – Search for “The Power of ONE pissed off BITCH” . These are from the site mentioned earlier and is only available due to being archived by the Wayback Machine. One can only speculate why is not currently online.[/quote]

      Searching 9 years back to find anecdotal evidence to support you position is not a strong leg to build an argument on.

      [quote] Why haven’t you heard about any of this? Because it may be suppressed. SEO appears to bring up the following. It seems like they don’t want you to know is what actually happens when you invest time in the group (which very well may vary in different locales), and may be why this information is so hard to find. I read that one person claimed to have lost his life savings to the group and successfully sued but was unable to describe details as part of the settlement agreement.[/quote]

      …and you may be doing meth right now. You see, it is intellectually lazy.
      You may be a cross dresser.
      You may organize cock fights.
      You may be serial killer.

      Obviously I don’t believe any of this but this is a technique of inferring something in the readers mind without requiring evidence or being accused of libel. It’s simply a lazy way of casting dispersions.
      ….and not disclosing details is in all settlement agreements.

      [quote] As evidence of suppression, my first post to /r/jobs was deleted due to the arrival of shills on my original post. Admin, /u/appropriate-username has recognized this as a misunderstanding and given permission to repost. I think people should be aware of this. It’s pretty weird to say the least. I’ve been harassed multiple times since posting this content. It’s apparent that something about this content bothers a few individuals enough to create new accounts and attempt to discredit me with offensive remarks. I think people should know about this.[/quote]

      well, that is poor evidence indeed. As for harassment, there will always be people with more passion than brains who don’t know hoe to challenge an opposing view.

      And as for you’re content; it is weak. There is nothing to be feared from your point of view, it is the view of someone who believe a position and has looked for the evidence to support it. You are no different than the majority of the population. I would recommend books such and “The Believing Brain” and “Crimes against logic. They are amazing reads and will demonstrate common fallacies that people make when they form beliefs and arguments.

      My post has no malice against you, rather the basis and style of your arguments

  • May 28, 2015 at 12:30 pm

    WFG as a whole does not follow the practices that has been accused of. My best friend is a SMD and does not pay high fees. Only office space which is obvious you can’t rent space for free. The fees are very reasonable. When you make 250000$ a year. A bit of a fee is no big deal. I’ve said this before and I’ll say it again. There are some agents and offices that are not following the rules and are ripping people off. And are in the process of getting shut down. But again it’s not WFG who makes those horrible decisions it’s some crummy agents who are ruining it here. That sux!!

    • May 28, 2015 at 1:05 pm

      That is great find by history8888 and I think a good reply to many of your posts here.

      So Sheila you have to understand when someone posts everything is roses about wfg there is a lot of skepticism.

      The story above is unfortunately more the rule then the exception. Most people starting out will not make any money. Fantastic claims of money are red flags. Many people have posted here under several user names but the all have the same IP address. (Same person posting) They make fake conversations with themselves about how great world financial group is.

      Forgive me for being short sometimes but this you must agree is a big problem. I’m sure there are teams of WFG “reputation police” that just troll websites and post much like you, Christie, Man and Mary do. This exact argument senario plays out the same way on multiple websites and blogs.

      I also have some exposure to real stories of bad experience with world financial group. I’ve already posted them above here. So you trying to patronize me (“so sad you must have got the one bad agent”)to indirectly try to belittle the many good messages within this blog is futile.

      There is a big problem. Drawing people into meaningless arguments or claims of great riches purposefully to distract from the truth seems to be the only way world financial group people reply to facts. The product is never discussed. Specifics are not discussed only a picture of how everything is fantastic with wfg and everyone else has to not have an opinion.

  • May 28, 2015 at 2:31 pm

    its possible that that the same people are posting as different names that actually funny because that means all the awesome wfg people are actually out working helping families thats the best thing youve ever said you on the other hand have nothing better to do then to smash something amazing. I on the other hand is pretty sad right now wasting my time but im in recovery from a C section having twins so im relaxing anyway. it doesnt matter what you say….facts are WFG is the most amazing thing ive ever encountered and ive been around thousands of people involved with it…i dont know what happens in other offices around the country…some might suck but my office rocks…ive had people from other offices join mine because we do things right. Unfortunately some are all about the money and use products that pay them more but we do whats best for our client…we are not even allowed to take incentive programs to sell lots of a certain product from certain companies because then we are not motivated for the right reasons… we are in the process right in shutting this office down because of how they operate….that is not WFGs way of doing things…so yes it is certain agents and office not WFG!!!! another finance company in my town the guy there is currently in paris because he was a part of an incentive program like that…not cool!!! Doing something useful with your time PLEASE I understand you have issues and you feel WFG is the core to your problems….but maybe look into the actions of agents as individuals because they are scum and not WFG as the core to the problem!!!

  • May 28, 2015 at 11:43 pm

    Shiela …you are delusional and ignorant. If i see you type “helping families” one more time im gonna puke into my laptop.

    Let see, you probably got no experience with insurance and finance before joining families. I know wfg dont train you about finance, they train you to sell their high commission, under performing, complicated product, products that real certified financial adviser stay the hell away from. Now its that “helping families” ?? More like ripping off families to me.

    So are you a crook or just stupid? Stuff you know about finance and insurance probably come from wfg people. It is very biased toward their products with high commission. I’m pretty sure you dont have a clue about other financial products beyond what wfg offering and you acting like financial adviser to middle class family with their hard earned money??? you wfg people are calling it helping familes???

    Limited biased training, no financial education background, no real financial accreditation ( that show you know what the hell you are doing about finance), never work at a real financial company…this is probably 90% of wfg people and they giving out financial advise to middle class families like a true CFP. Thats not helping families by any means, its more like you are jeopardizing their modest money.

    So are you a crook or just ignorant?

    • May 29, 2015 at 9:26 am

      Wow, where do I begin with?

      Devolving into a mud slinger?


      Well let us direct your post shall we? (and feel free to post more, I love doing this stuff)

      “Shiela …you are delusional and ignorant.”

      Right off the bat going for the verbal attack. This does not add to the discussion but rather demonstrate your desire to attain what is known as the “Parent” role in an attempt to illicit a submissive response. Anger is also self gratifying so I can only assume that it must have felt gratifying. The statement was more for you than for Sheila.

      “If i see you type “helping families” one more time im gonna puke into my laptop.”

      Puke all you want. Unless you can prove that the goal of putting people into a better financial position is not helping people; the truth doesn’t care how often you puke.
      Clearly it’s attempt to marginalize the mission statement of the office Sheila works for.
      What it isn’t, is a content argument refuting the statement.

      “Let see, you probably got no experience with insurance and finance before joining families.”

      I literally have no idea what that means, can you clarify? Joining families? I’m dyslexic so I understand difficulty in writing what comes to mind, I do it quite often but I need you to explain or revise that statement.

      “I know wfg dont train you about finance, they train you to sell their high commission, under performing, complicated product, products that real certified financial adviser stay the hell away from.”

      Clearly libel. WFG has access to to most cost effective products in the industry and does not allow agents to be swayed by provider rewards. Also, it is illegal to sell these product without licensing which requires training through WFG. It is a government regulated industry and impropriety is punishable by loss of licence and fines.

      “Now its that “helping families” ?? More like ripping off families to me.”

      If it was true then no but what you wrote was libel. A lie. That is something that also can come with legal action.

      “So are you a crook or just stupid?”

      Ah yes, the “when did you stop beating your wife?” question. Weak. But then again, this was more for a sense of self-righteous masturbation than actually forwarding the discussion.

      “Stuff you know about finance and insurance probably come from wfg people. It is very biased toward their products with high commission.”

      Again untrue, although I would concede that, like all the financial industry, there are those who look to line their pocket first. Seeing that WFG has taken steps to reduce this tendency through preventing providers from offering incentives, the fault lies with agents and is pervasive through out the industry.

      “I’m pretty sure you dont have a clue about other financial products beyond what wfg offering and you acting like financial adviser to middle class family with their hard earned money??? you wfg people are calling it helping familes???””

      WFG offers a ridiculous number of products, more so than most and certainly more than captive agents. It is Captive agents that will only focus on a small number of products, not brokers.

      “Limited biased training, no financial education background, no real financial accreditation ( that show you know what the hell you are doing about finance), never work at a real financial company…this is probably 90% of wfg people and they giving out financial advise to middle class families like a true CFP. Thats not helping families by any means, its more like you are jeopardizing their modest money.”


      I felt the need to write that in caps because you are seriously guilty of libel here. While field training is conducted by WFG, license training is conducted by a 3rd party. Exams that are written are regulated by the province and ask questions about ethical responsibilities of conducting business. In some cases, it is required for certain agents specifically review and confirm that they have read and understood areas of the ethical guidelines required if there is a potential of conflict of interest.
      Also, it is not legal to financially compensate and unlicensed individual which means that without licensing and training so there is no financial benefit.

      “So are you a crook or just ignorant?”

      Again, when did you stop beating your wife? See, intellectually lazy.

  • May 29, 2015 at 6:11 am

    Omg have you not read a thing I’ve written. I’m sorry if you or someone you know got ripped off. WFG does not operate like that. Yes there are crooked agents doing the wrong thing. Like I said a million times which obviously your pee brain can’t register we have actually shut down offices because of crooked and unfair service this is not a WFG problem it’s an individual problem which is very disturbing. We plan out financial strategies for our clients based on there needs it’s not just insurance we help people with debt and savings and getting them into homes. Maybe I am delusional then I guess it’s my delusions that’s seeing clients come into my office after years of being a client and continuing because there so happy and I guess it’s my delusions that’s seeing clients children coming into the office with there TFSA statements with over 10000$ in them in just a short time frame it’s it’s definitely my delusion when I had to make a claim for a family where the dad died and they got over a million dollars in insurance with no hassle. I think I love being delusional if those are my results. If families are feeling they are treated unfair and tipped off. They can cancel there insurance or any other plan they have at any time. But they don’t. They come back year after after for more. We tell them if they ever run into another plan that they feel is better for them to let us know because we can get them the same. But the don’t because we already have the best. We replace peoples current policies with better every day. More coverage less premium and again we don’t have our own products. We shop around. For the best in the country. Maybe you should get a taste of my delusion cause apparently I’m the only one with a functioning brain. Again I’m sorry that something as happened to make you bitter about WFG. But until you deal with MY office and every single WFG office in existence you better shut your pie hole because bad apples in the basket doesn’t mean the whole basket is Rotten. Anyone with half a brain would know that. I used to work at century 21 and some agents there were crooks so I quit. But do I now bash all century 21 agents in the frickin world. Of course not!!!

    • May 29, 2015 at 6:40 am

      The thing I like about wfg people most is sooner or later they trip themselves up in their own bullshit. Much like just have in this post. Children can’t have TFSA’s. Only adults. There are restrictions. Your statements in the above show your ignorance in investing.

      What exactly is this “short time frame” they got to $10,000. In and what products? You do know the contribution level one can have in their TFSA’s to date don’t you? Do you know how much per year and how many years.

      With the products you offer the client probably put in $15,000 only to lose $5000. To get to $10,000. That’s kind of the experience that people I know had with world financial group.

      This is again why most wfg posters just make broad wild claims and make up nice sounding stories of fantastic financial gains. Because they have the financial acumen of a hockey puck. As soon as you start citing numbers it’s over.

      • May 29, 2015 at 9:50 am

        OMG this is so much fun! okay, here we go!

        “The thing I like about wfg people most is sooner or later they trip themselves up in their own bullshit. Much like just have in this post. Children can’t have TFSA’s. Only adults. There are restrictions. Your statements in the above show your ignorance in investing.”

        So, if I had a 72 yrs old client asking me what he should do to ensure that his RIF goes tax free to his children, I should be confused and say “wow! you have children! how old? 5, 6yrs old?”
        You do realize that children age right? You have mistaken the word “children” and inferred that Sheila meant that little kids were walking into offices for investment advice. How do you not see how ridiculous that is! It is a week argument tactic to shift meaning and argue out of context.

        “What exactly is this “short time frame” they got to $10,000. In and what products? You do know the contribution level one can have in their TFSA’s to date don’t you? Do you know how much per year and how many years.
        With the products you offer the client probably put in $15,000 only to lose $5000. To get to $10,000. That’s kind of the experience that people I know had with world financial group.”

        And do you realize that there are many different investment vehicle available? That investments can be held that can either suit the risk adverse and also risk takers? That establishing that profile is a prerequisite of any reputable agent regardless of what company he represents? (on a side math note, TFSAs have been around for 6 years now and no, you can’t put $15000 in a TFSA. It began at $5000 and has now been raised to $10000. I will assume that you mean cumulatively as you claim to understand how TFSAs work. Also, there are investment vehicles that can provide 75-100% guarantee if you are risk adverse)

        BTW, sorry you happened to have had a bad agent. If you can’t understand what they are offering you and are guaranteeing a rate of return (outside of a seg fund which can guarantee the principle), those are warning signs to either stop until it is explained or find someone else.

        “This is again why most wfg posters just make broad wild claims and make up nice sounding stories of fantastic financial gains. Because they have the financial acumen of a hockey puck. As soon as you start citing numbers it’s over.”

        Funny, I was thinking the same thing about you lol.

        • May 29, 2015 at 4:15 pm

          Why does she not make a specific example of the gains made? She could easily say for example. The person invested x$ in the primeamerica asset builder fund II.
          Anyone could do a quick estimate. If your going to make a statement of financial gain. Please back it up

          • May 29, 2015 at 9:59 pm

            Ah, now I see the 2 dimensional way you’re looking at this. i.e. “I invest $X, I receive $Y”

            I had to go back and read Sheila’s post to get context. I apologize for debating and making assumptions on incorrect information.

            So let me illustrate why what you are asking is not as relevant as you believe in relation to Sheila’s comments. It may also demonstrate how we function as advisors.

            First, you need to realize that Sheila is not talking about clients that can throw in thousands of dollars. When dealing with clients, needs can vary.
            We see clients who have large debts and no strategy for savings. Sometimes they are saddled with bloated creditor insurance fees and are paying higher amounts of interest than they need.

            What we can do in show them how they can reduce these burdens and by referring them to tax advisors and mortgage brokers to reduce tax burdens and reduce interest payments and loan repayments. We can assist on budgeting and refer them the right advisors in that area. The result is creating more disposable income which can help provide protection and investment funds. We can also provide investment strategies such as how much to allocate to particular accounts depending on an MTR that can vary from family to family. We set goals for emergency fund planning to reduce the stress of living paycheque to paycheque.

            The end result is that families are now saving for the future while protecting those they care about. They have investment accounts where none existed before. That is what Sheila is talking to. Maybe they invested in an indexed IA seg fund with a 75% guarantee, or perhaps it was a TD balanced fund or perhaps it was invested in the bond market.

            That isn’t important to the point and we do not have our own “go to” fund which we can brag about. The point Sheila was making was that these people have investments that are right for them and are prospering as much as their tolerance will allow.

            If you ask me what is the best investment, the answer is I don’t know because I simply don’t know what is right for you. Before any recommendations can be given, an assessment must be made.

            If you want to know how good our investments are then the answer is simple, we don’t have any. Instead, we have access to dozens of investments which would relate to different risk levels.

            You are so black and white with how you view investments that it’s likely you’ve been burnt.

            In conclusion I have 2 points.

            I will not endorse a stock to anyone without proper assessment of risk.

            Sheila was referring to people having investments who wouldn’t otherwise have them. Now they are beginning to create a nest egg.

            I hope that answers that, if not then you can prove that you have no idea by asking “which investments performed that well” again.

            At that point I’ll just pick one that we offer that had a high yield and claim that was it because you clearly are missing the point and your arguments are becoming bogged down in a quagmire. Seriously, we have a massive segment of the investment vehicles available to us, it won’t be hard to find one that will suit your needs. Just name it and we’ve got it. That why your question is so ridiculous. Pick something that has performed well in the last 5 years and chances are WFG is partnered with them.

            Seriously, “stump the wizard tactics” have no meat, they are all grizzle.

            Give me something I can chew on! Please! And for god’s sake, stop using logical fallacies and games; give me something that has weight rather than fringe opinion, anecdotal evidence, specious reasoning and hyperbole.
            (although I’m sure I’ll see the motive fallacy soon, that my favourite and I bet someone $5 you’ll use it, don’t let me down :) )

    • May 29, 2015 at 10:49 am

      “We plan out financial strategies for our clients based on there needs it’s not just insurance we help people with debt and savings and getting them into homes”



      Please PLEASE use logic and common sense. Don’t get advice from unqualified group of people acting like financial adviser. REAL FINANCIAL ADVISER HAVE CFP TITLE. You need experience, alot of study , and pass many grueling test to get the title. That shows you know what you are doing and qualified to give people financial advice.


      • May 29, 2015 at 1:13 pm

        This really cracks me up because your posts are absolutely full of logical fallacies!

        The fact that the statement you are questioning is stating the need for a financial analysis demonstrates your lack of understanding seeing that the exam literally has questions that asks you to assess the financial needs of a client. Also, we refer people to other financial services such as mortgage brokers and tax advisors. All of these organizations can advise you on various parts of your finances. These are all considered financial advisors. None of these require CFP certification.

        Just so that we are clear.

        Clearly wtfwfg disagrees with me and FINRA in the U.S. and the regulating bodies in Canada.

        Professionals who may use the title include accountants, lawyers and brokers among others.

        Be a man, admit what you wrote in incorrect. You do not need to hold a CFP. You do not understand what the definition of a CFA is. You are either mistaken or lying, either way you are spreading misinformation!

        ……more please :)

  • May 29, 2015 at 7:03 am

    im not talking about babies adults open these accounts for there children i took a tax course i know how it works and no no one lost money they started with 500$ and it grew to $10000…. and people you know probably did lose money people do sometimes lose money when they invest when they come to us we talk about there tolerance for high risk and we place them accordingly if they are high risk takers then they have to expect the possibility of lose…then if they do lose then it is not the fault of WFG I’m thinking that probably what happened either the agent didn’t do there job which again WFG can’t be held responsible for each individuals actions or someones pissed off because they lost even though they new the risk i don’t know what happened but shitty things do happen and WFG is not responsible for every single thing there are over 30000 agents in the continent I’m pretty sure there will be a hand full of rotten apples just like its fair to say there are a ton of good ones….there are some other investment companies that have good and bad experiences thats life WFG keeps growing year after year something must be growing right…my office is expanding because the words getting out how people are getting help…you may agree or disagree but the FACT is my office is growing and families ARE getting help i can’t speak for others and you have not been in my office or every single office there is so you can’t judge all… very unfair and pretty childish!!!!

  • May 29, 2015 at 10:37 am

    Use some basic logic and common sense. A real legit company would not recruit a janitor, give them cheat sheet to pass insurance test, and have them sell financial products in mere weeks.



    How many percentage of member in your cultish group have CFP or CFA title? Yup exactly.

    • May 29, 2015 at 11:25 am

      So your telling me that my best friend that has a life insurance policy with WFG who’s husband just died and had a million dollars paid out with no hassle was my imagination? and the policy I’ve held for years with WFG is fake? and my investments that are growing nicely are also fake? sounds like this family has been taken care of nicely!!! WFG is the only company i know of that actually gives a crap about middle and low class families because we need help and protection too….didnt cost me anything to get the services i have from WFG…my future looks bright and i feel positive!! thats all i know!!

    • May 29, 2015 at 12:39 pm

      ok, first um…. Libel!

      Second, my step father was a janitor while he put himself through med school but certainly didn’t give medical advice until he became a doctor. (Which was my point)

      Libel is writing lies. Writing non factual falsehoods is libel. You have just stated that WFG gives cheat sheets. If that is false; you have just committed libel.
      Writing WFG (the company) trains you to only sell their high commission products is also a falsehood and libel (although I would concede that an unscrupulous agent may do such a thing but that is in the industry as a whole)

      You can’t counter fact with your interpretation of an experience; that wouldn’t stand up to scrutiny. In university Statisitcs class, it was always stated the “one makes a poor sample”

      Throwing in CFA and CFP, while they are good programs, are not what is required to sell insurance and investment vehicles. Should I go and yell at my pharmacist for being able to give me medication even though he’s not a doctor? No. Because he has received training and is licensed to do so. Just as WFG, IG, Sunlife, Hollis Wealth, Manulife, LaCapitale and dozens of independent agents are licensed and trained to do with holding CFAs and CPAs. You could hold a TM I/E qualification as well as an SSI, GCI, JM and C1. None of them are required for that either

      It seems you know very little about the industry.

      ………..but I t’s not going to prevent you from posting!
      More please :)

      And keep with the insulting slags and name calling, it really gives up the game on how hollow your position is

  • May 29, 2015 at 12:40 pm

    Paul and wfgwtf must be financial advisors that are losing out to WFG reps so they continue to spew a biased view. Sure both have some valid points but without a filter for reason and clearly a perversion to a one-sided view only leads to a limited thought process and nothing I would want from my financial advisor. Paul continues to be unable to think out of the box nor be open to others thoughts which clearly is a significant flaw for any deep thinker.

    I have already given you a tip some time ago but you were too lazy to research it and your only intention is to tear people down instead of building them up. I have nothing to prove to you nor anyone for that matter. I work in the gulf states. Me giving you the exact location of this particular deal proves absolutely nothing. These deals are being conducted in every state. Check out ribits. As far as my website for this land deal or investment deal, it would also prove absolutely nothing. I could pull up all types of websites and give you a link. Again that is faulty logic. But if anyone is interested in looking at what I am doing from either platform I have no problem sending them images or pdf files (neither of which I can post on this site or I would). You can reach me at I specifically had to use this email as I know Paul checks everyone’s IP address etc and I don’t need him pulling all my information and construction jobs and my dealings with the City etc from my other two email addresses that I use for all my day to day dealings. So I rarely check this above email as I really don’t use it. But with all this being said, the real proof would be to see images from some of my webpages with a second image with changes made to it as only someone with admin access and login would be able to do this. I obviously can do this as everything I have said has been true. I can also send you an image of over 3 million I just wired but none of this really matters. This site was created to discuss WFG and give people insight on the company. There are obvious good things and bad things about it. But the same can be said for just about any company and just about any financial advisor.

    One of my best friends’ financial advisor is from Nationwide and he was fired after my friend learned how much he was getting screwed by whole life and other policies his wonderful financial advisor put him in. My financial advisor put me and my family into VUL policies and omg he isn’t part of WFG. The FFIUL policies are better than the VUL policies we were sold both on fees and returns. My father in laws Edward Jones advisor had been ripping him off for years with high fees on things you can do yourself. So lets just not focus on WFG as I am sure you can pull up many links on greedy financial advisors in general. The focus should be instead on how we can be successful while also helping many people along the way. That’s really what life is about. Not bullying anyone with a different opinion. Not trashing anyone that doesn’t agree with everything you say. That leads to nothing nor are you helping anyone.

    Good luck to those that are truly wanting to help others in whatever path you choose to follow in your life.

    • May 29, 2015 at 4:24 pm

      So I guess that’s a No then to my questions.

      Also… Who is bullying who here? I have been attacked and called everything here. I don’t really care. Look who’s calling me names. Totally irrelevant people pushing a dying business model. Young people will flock to robo investing. Your mlm style approach will fade away.

      This site is a place where people can discuss their issues with world financial group. Why don’t you make a new beautiful website dedicated to the number of wonderful achievements wfg has made. I’m sure they will ignore this site and all go there to see all the messages of love and rainbows. Don’t worry no one will come here.

      • May 29, 2015 at 5:36 pm

        Uummm dying business model!! WFG has only begun LOL The amount of families helped and the amount of licensed agents go up every year. Amount of agents has to go up because more and more families realize that they need us….are you telling me that peoples financial situations are getting better? Because then and only then will our company not be needed. And no website of good experiences is needed our work says it all…only pathetic losers who have nothing better to do then to be pathetic start chat sites like this… i stumped on it by accident…most of the stuff i read online about WFG is pretty awesome…so your pathetic little bash site isn’t on top of the WFG reviews only the credible ones are!!!

        • May 29, 2015 at 6:19 pm

          Sure Sheila – oops I mean Ashly Ann. You too stumbled on a 4 year old post, sifted through 500 comments and decided to join the discussion. (by accident) after a calm few months on it that just happened to ramp up again. Absolutely believable.

      • May 29, 2015 at 5:41 pm

        Uhhhhh no I don’t need to give you the address of my most recent deal to prove legitimacy to you. How about you give me your address and where you work and who you work with and your phone number… etc.

        Yea I don’t think so. Like I said though, I have no problem showing some of my dealings. None whatsoever. I believe in having a diversified investment portfolio which only has a partial stockholding share. The wealthiest people I know have made the majority of their money outside of the stock market. So your “mlm style approach” statement above is not my approach. I clearly stated that wfg can be used as a platform for a number of investment opportunities to provide a client with, a diversified approach. I even gave you some tips on other avenues to make money that many people don’t know about. I believe I am too nice!

        I have been extremely cordial to you and others on this site and you have resulted in name calling when I didn’t agree with you 100%. I don’t need to pull quotes from above but you clearly have called many people names and have been extremely negative and nasty to just about everyone that didn’t agree with you wholeheartedly. This serves no purpose and you are not helping anyone.

        • May 30, 2015 at 10:57 am

          I have been pretty fair with everyone. I point out when fantasyland claims are made. Anyone willing to make statements that make any sense I am quite willing to discuss this with. It is however frustrating when people sign up as 3 or 4 people and make up a “support group” for each other’s vague comments.

          • May 30, 2015 at 6:26 pm

            Seriously, you are seeing conspiracies Paul.

            Please tell me what evidence you have that someone has signed up as 3 or 4 people?

            That is the type of baseless claim that you are spouting. It mat be true, it may not but unless you are willing to give evidence that I am history8888 or Mary then please share it.

            Let us know how you come about this evidence?

            We’re here for you buddy, tell me what’s bugging you. I’m here to lend you a shoulder.

      • May 29, 2015 at 5:43 pm

        Hmmm….. questions?

        Please forgive me, I may have missed your incisive questions amid the mud slinging and hyperbolic rhetoric. Please ask your questions.

        No, please ask away:)

      • May 29, 2015 at 5:48 pm

        Oh, I see them now!

        “What exactly is this “short time frame” they got to $10,000. ……….. Do you know how much per year and how many years.”

        You see, I thought that was simply rhetoric to “stump the wizard” as they say.

        I really didn’t realize you were looking for financial advice! We can take care of you, let’s book an appointment.

        Lol ;p

        • May 29, 2015 at 6:01 pm

          Oh yes of course that answers it…. Never specifics, just spewing the type of rhetoric that any poor adviser would use to confuse an unsuspecting client.

          • May 29, 2015 at 6:35 pm

            Nice attempt to deflect. The “I know you are but what am I” approach to rhetoric is quite comical.

            The reality is that the investment vehicles that are offered range throughout the industry. Terms and rate of return can vary from provider to provider. If you wish to get the terms and rates on the dozens of products is obviously not feasible.

            If you understood the difference between a captive agent and a broker you would know that we do not have a particular investment that we are pitching but rather seek out investments that suit the investor’s profile.

            It is clear you do not understand investing or what an advisor must do before recommending an investment.

            You also clearly do not understand what a rhetorical device is. Let me attempt to put it simply. A rhetorical device is a way of phrasing a question that would leave the reader to infer an opposing point of view. For example, you asked Sheila to reveal details about client investments that you knew she would not do ; either due to confidentiality or possible the difficulty in remember a particular investment of a particular client. That’s why agents are required to take notes, particulars must be reviewed before talking to a client.

            This was a clear attempt at “stump the wizard” a weak logical strategy where the user attempts to prove something by finding a question that the authority can not or will not answer.

            Your comment is bizarre in its attack on the belief that no one should give investment advice without proper analysis. That is not rhetoric, it is responsibility. It is not to confuse them, it is to educate them. If you are looking for advice on investment vehicles, you need to sit down with an advisor, not ask about what allowed someone to achieve a gain in the past. Again this demonstrates your lack of understanding of investments.

            Your question was a rhetorical device and you did not require an answer. If I were dishonest, I could find a past investment that did well and claim that was the one but you were banking on the notion that no one would answer and therefore declare yourself the victor.

            Give me meat to argue with, step up your game. You view point is shaky and weak.

            Come on! Man up! I’m waiting!

          • May 30, 2015 at 10:52 am

            I do believe one of your personalities made a clear statement that a child made $10,000 in a tfsa “in a very short time”. Seems likes that’s a pretty direct claim. Not at all like you state here. I believe my question is fair. Name the investment product and the amount invested and the date. So making claims without proof says actually nothing.
            As for you, is this now some kind of contest. Should I concede now that you seem to write like you are the inventor of scrabble.
            But does it change anything here?
            When you write thousands of words of nothing as have here you gain nothing but sore fingers.

            Write what you want. Generalize as much as you want. Go crazy. It does not change a thing about the issues that people have with world financial group.

            Most recruits fail or lose money. Only a tiny group will become some kind of manager. Many clients will be much better off investing elsewhere.
            Seems to me most business don’t require professional reputation police or have employees making up multiple personas on blog sites like yours does. The business, the product, and the results speak for themselves. You don’t seem to come up with any hard facts about any of those points. Everything else is just fancy filler.

          • May 30, 2015 at 7:04 pm

            Ah yes, one of my personalities. Well, that is what we do in the illuminati! All us personalities also took down the WTC.

            First of all you are using child to infer that the person in question was a minor. That was not the reality but rather your misunderstanding of what was said.

            If you are asking me to provide you with client details, I’m afraid that I can not oblige. I also can not tell you anymore information about it as it was not my client and have no knowledge of the particulars.

            What I can tell you is that we set up investment vehicles for clients and give them options they never knew they had. Yes your question is fair but at the same time will not receive an answer. I can, however, tell you that based on advice given, people with no investments can wind up with investment accounts that they never thought possible. Even someone whom we help find an extra $500 per month to put in TFSA will wind up with $10,000 of value in a short period of time even with 0 rate of return.

            Do you see the error you are making? The question is fair if you believe that individual made a one time investment and that was the return. Most clients I see, however, are looking to put a specific amount into an investment to grow.

            You are thinking we are claiming to have winning lottery numbers but we are not. The point I was attempting to put forth is that a moderate monthly investment can accumulate value which is then compounded by returns, not “buy this and you earn that”. That view release on a basic misconception of what we do. Middle income families generally do not have massive amounts of cash sitting around, they instead require an ongoing investment strategy.

            It’s a shame that you believe that different investments are right for different people. Again, investments aren’t lottery numbers. And I’m sorry I can’t answer the specifics of your question even though you believe that I am one of 3-4 user names here.

            I’m also sorry you liken me to the inventor of scrabble. I understand that sometimes you may need a dictionary and a working knowledge of Latin to know who I am (you’ll get that if you speak latin)
            But it does change how people see your arguments. When you strip away all your logical fallacies you see that there is nothing concrete in what you are saying.

            I also admit that it is similar to a game. Spot the fallacy. It’s one of my favourites! I seriously enjoy pointing out where peoples motivations come from. I enjoy watching the opposing side of an argument wither as their viewpoints are revealed for what they are.

            Right now, the dead horse you are currently beating is the “multiple persona”.

            Lets say that I made up 50 personas. No, make that 100 personas.

            Would the number of personas make me wrong? If I told you the sky was blue 100 times with 100 usernames would it change to red?

            No. You are merely attempting to discredit the opposing side with accusations that would be impossible to prove or disprove. They are, therefore, moot.

            Is that what you’ve withered too?

            But again, this is highly enjoyable to me. Please. More.

  • May 29, 2015 at 3:49 pm

    Bottom line is wfg sheeps will recruit anybody who can talk, pass insurance exam ( they give you sample questions to memorize without having to do the study), and sell away in mere weeks.

    Its true you dont need CFP or CFA to sell insurance but these wfg sheeps acting like they are real financial adviser who did their time learning the world of finance to qualify in giving people financial advice. Most of wfg sheeps only barely know enough to pass insurance and series exam. Heck, probably 90% of them dont even have WS subscription. Selling insurance is one thing, to give families financial planning advise is unethical at best.

    Its like your janitor father start giving medical advices and selling medicines right after he barely began taking some med classes rex.

    Its true a real financial adviser with proper accreditation (CFP or CFA) can be greedy or screw you up financially, but IMAGINE what a fly-by-night insurance agent acting like a real financial planner WITHOUT formal training can do for you.

    Its true wfg can sell products from may companies but all wfg sheeps i know seems to talk always talk about that product which give them the highest commission. I know quite few of them btw.

    • May 29, 2015 at 4:28 pm

      “Bottom line is wfg sheeps will recruit anybody who can talk, pass insurance exam ( they give you sample questions to memorize without having to do the study), and sell away in mere weeks.”

      Libel. Again. And a weak attempt to marginalize licensing. You clearly do not know what information is required to pass a test on life, critical illness, disability (which really requires understandings) accident and sickness, par vs. non par whole life, Universal life, calculations for A&S, calculations for depleting and non-depleting annuities, tax implications of CSV loans vs CSV withdrawal, IVIC resets, probate laws, capital gains calculations, registered accounts, RIFFs, RESPs, investment income splitting, investment beneficiaries, risk levels of different funds, assessing risk tolerance, ethical conduct, fiduciary responsibility, ……..I’m sure you stopped ready a while ago because there is so much to cover on a government regulated licensing exam that lasts 4 hours to complete.
      “Sample questions” my god, you really have absolutely no idea!

      “Its true you dont need CFP or CFA to sell insurance but these wfg sheeps acting like they are real financial adviser who did their time learning the world of finance to qualify in giving people financial advice.”

      Again, regulating bodies in North America state that they are, by definition, financial advisers. Nice attempt to distance yourself from previous statements. But I’m afraid THE ENTIRE INDUSTRY AND THE GOVERNMENTS OF US AND CANADA DISAGREE WITH YOU.

      “Most of wfg sheeps only barely know enough to pass insurance and series exam. Heck, probably 90% of them dont even have WS subscription. Selling insurance is one thing, to give families financial planning advise is unethical at best.”

      Again, marginalizing. Financial advice is the definition of the job. For example, take an individual who wishes to have a certain amount of income replacement for a specific duration or on going and you advise them on how much would be required by using a formulaic calculation based on inflation trends and moderate rates of return. Multi ply by the 1 over 1 + said real rate of return times number of years for said depletion. Calculate the inverse and multiply by the amount over the 1+real rate of return and boom. You have the insurance need through depletion. im pretty sure that would qualify as advice and that is the knowledge required. It is applied, not memorized and regurgitated.

      “Its like your janitor father start giving medical advices and selling medicines right after he barely began taking some med classes rex.”

      No, you telling people about financial services is like a janitor giving medical advice wtfwfg.

      “Its true a real financial adviser with proper accreditation (CFP or CFA) can be greedy or screw you up financially, but IMAGINE what a fly-by-night insurance agent acting like a real financial planner WITHOUT formal training can do for you.”

      Again, libel and marginalization. Insurance agents are, by definition, financial advisors and have received the training recognized and approved by regulating bodies who understand the industry.

      “Its true wfg can sell products from may companies but all wfg sheeps i know seems to talk always talk about that product which give them the highest commission. I know quite few of them btw.”

      This is a statement that I cannot refute as I do not know you or the people you know and I am aware that all financial organizations have immoral agents. I can say that using “sheep” every time you say “WFG” tells everyone more about you than it does about WFG.

      • May 29, 2015 at 9:20 pm

        A Marginal person with an insurance license
        (jmost of WFG’s Reps)
        is not qualified to give families financial planning advice
        and is not qualified as a “financial advisor”

        Just because you take an online crash course in a few days
        and pass a 100 Q test does not make you qualified to advise
        people on their finances.

        If you pass the test, you are only qualified to sell people specific insurance policies
        covered by that license.
        You are not a CPA, Attorney or Certified Financial Planner CFP…

        You are the equivalent of a car sales man who takes a test and gets a State license to sell vehicles.
        You are the same thing….a person who gets a license to sell insurance.

        Anyone who takes your advice about his/her family finances
        from you (without extensive further training and experience)
        is risking ‘financial suicide” for their family.

        You have no qualifications to advise them on their financial futures.
        You are only qualified to sell them certain life and personal insurance policies..

        • May 30, 2015 at 7:42 am

          Oh thank goodness, I thought you weren’t going to post anymore!
          Keep it up! :)

          let us direct your post for merit shall we?

          “A Marginal person with an insurance license
          (jmost of WFG’s Reps)
          is not qualified to give families financial planning advice
          and is not qualified as a “financial advisor””

          Use of pejoratives doesn’t make a case. If that’s the best you can do it’s pretty weak.
          ….and yes, a person with an insurance license is qualified as a “Financial Adviser according to regulating bodies in Canada and the US. Why is that so difficult to understand? Please contact your local regulating agencies for confirmation (or are you not interested in discovering you are wrong?)

          “Just because you take an online crash course in a few days
          and pass a 100 Q test does not make you qualified to advise
          people on their finances.”

          No, it doesn’t. Good job that isn’t what it take to sell insurance and investment vehicles. What is your point? Oh yes, it’s to infer that all we did to sell our products is do a crash course online. It’s a way to spend disinformation without saying it outright and being guilty of libel.

          Nice try. There are regulating bodies out there the licence those who sell insurance and investment which, by definition, requires giving advice on these financial products.

          Come on, you need to do better than this wfgwtf. I’m really disappointed here!

          “If you pass the test, you are only qualified to sell people specific insurance policies
          covered by that license.”

          Um, what? That’s like saying if you get a driver’s licence you can only drive specific cars under that licence. Sure, I can’t drive a semi with my drivers licence but I can drive any car and I’m not claiming to be a truck driver.

          I’m guessing that you are referring to A&S? You really aren’t making any sense and you are demonstrating a real lack of understanding of how the licensing of insurance works.
          Please, tell me more.

          “You are not a CPA, Attorney or Certified Financial Planner CFP…”
          I’m also not a pulled pork sandwich! Come one! Step up your game! You aren’t forwarding any of your points, just rambling at this point. It’s really disappointing.

          “You are the equivalent of a car sales man who takes a test and gets a State license to sell vehicles.
          You are the same thing….a person who gets a license to sell insurance.”

          Another weak attempt at marginalizing. This one uses the “distortion of truth through association” fallacy.
          BUT… lets just say that if I knew someone who was a car salesman and I wanted advice on cars; I may just ask him for car advice. Take out the logical argument and you actually make a point…..for me :)

          “Anyone who takes your advice about his/her family finances
          from you (without extensive further training and experience)
          is risking ‘financial suicide” for their family.”

          Again, nice attempt at avoid libel but you are essentially saying that with the knowledge and training that I have I am currently incompetent (even though you have no idea of my experience, schooling or approach which currently conforms to regulations).
          Libel achieved. Congratulations!

          “You have no qualifications to advise them on their financial futures.”

          Just absolute, outright libel. Again, regulating bodies and government licensing clearly shows you are incorrect!

          You are only qualified to sell them certain life and personal insurance policies.
          Also an outright lie. IVICs are investment vehicles that are regulated similarly to insurance. They provide investments that can have beneficiaries and have tax and probate advantages. Based on your lack of knowledge you seem to have in this area (via your comments) it is hardly surprising to me that you don’t know what we can and cannot sell.

  • May 29, 2015 at 5:56 pm

    It makes sense now…these guys are losing out to WFG like Christie said…ha ha makes sense now!!! Well i can fix that ….join WFG!!! :)

    • May 29, 2015 at 6:12 pm

      Better to keep your money in a sock drawer on your front lawn with a sign that says “free money” then invested with you or anyone connected to you.

      Funny how your comments, choice of words, (like awesome) and sentence structure is exactly the same as “Sheila’s”. If someone is confident in their product do they really need to create multiple poster names and “fake” support each other? Just the reputation police cheerleaders squad in action again. Yawn.

      • May 29, 2015 at 6:43 pm

        “Better to keep your money in a sock drawer on your front lawn with a sign that says “free money” then invested with you or anyone connected to you.”

        Casting dispersions is weak an lazy. There’s nothing here but your attempt to insult someone. Congratulations, you can insult someone!

        “Funny how your comments, choice of words, (like awesome) and sentence structure is exactly the same as “Sheila’s”. If someone is confident in their product do they really need to create multiple poster names and “fake” support each other? Just the reputation police cheerleaders squad in action again. Yawn.”

        So, if I use the word “awesome” I must be Sheila as well? Well that’s Awesome. I know Sheila (dude, she’s georgous!) but alas I’m not here and neither is Ashley Ann. That’s not here style. Your style is, however, to attempt to marginalized that which you do not agree with I.e. Use word association to make your point instead of logic and fact.

        By the way, you seem tired. Maybe you need a nap and a bottle.

        See, I can marginalize too. It doesn’t take any intellect to be condescending.

        Man up damn it! Give some meat to chew on, I’m bored here!

        Still waiting!

      • May 29, 2015 at 6:46 pm

        Oh, I almost forgot. WFG doesn’t have products.

        You see, a broker is someone who deals with multiple providers. A captive agent works for a company who has products.

        The difference? A captive agent represents the company, a broker represents the client.

        I’m hoping you’ve got it now so we can get back to a real discussion!

        Please! Let me have it!

  • May 29, 2015 at 6:20 pm

    Lol. Awesome is just an awesome word. And it accurately describes WFG. :).

    • May 29, 2015 at 9:25 pm


      With people regurgitating nonsensical “talking points”…

      Anyone with a brain can recognize the glassy eyed ones with WFG….creepy!!!

      • May 30, 2015 at 8:12 am

        And anyone can identify people with an axe to grind and no real argument to back themselves up.

        They use pejoratives to describe the opposing side.
        i.e. “cult” “glassy eyed”

        They make accusations without backing them up
        i.e. “people regurgitating nonsensical “talking points”…”

        please, History8888, join the party!
        Let me have something real to chew on!


  • May 29, 2015 at 6:44 pm

    This post is very much still alive. How do you think people can still post on it. It’s not the first thing to pop up. Buts it’s very much still active. When you put WFG in your search engine it’s like the 4th or fifth line down. I researched WFG because I wanted to see what people find when they search and I found this. I’m finding it very interesting.

  • May 29, 2015 at 8:30 pm

    anyone who takes on the challenge of ANY MLM is brave – kudos to those who are putting the right products in place for their famies and trying to do the right thing – at lest they try! better than selling their bodies on the steet and doing crack !! That’s easy – c’mon Paul stop venting.

    Never ever ever put anyone down for trying!!!

    remember Madoff holy shit!!

    I continue to be amused by this blog

  • May 29, 2015 at 8:32 pm

    there are bad people everywhere – education is the key!!

    Paul – get over it !

  • May 29, 2015 at 10:08 pm

    LOL at these sheeps thinking they are independent broker. Try leaving the company and bring your book with you, let see how that gonna go.

    Rex, you tried so hard to look smart with your scripted replies i dont even bother to read. I’m willing to bet you dont have formal financial education, CFA or CFP or even CLU accreditation. Im gonna guess that wfg is not your main job either and your favorite product is western reserve iul.

    • May 30, 2015 at 7:55 am

      I really think you are my new best friend!

      “LOL at these sheeps thinking they are independent broker. Try leaving the company and bring your book with you, let see how that gonna go.”

      There are brokers that have left WFG and began their own financial services companies or quickly got snapped up by IG, Manlike and other so…..

      “Rex, you tried so hard to look smart with your scripted replies i dont even bother to read.”

      Not surprising, besides, they are not for you! You made up your mind long ago. I respond to you for others enjoyment. Please, look up Socratic irony to understand why I want you to continue posting :)
      Why do you think I’m replying for you? Changing your mind would be like teaching a pig to sing. You only succeed at pissing of the pig! 😀

      “I’m willing to bet you dont have formal financial education, CFA or CFP or even CLU accreditation.”
      Neither does my corporate accountant but I certainly listen to his financial advise.

      “Im gonna guess that wfg is not your main job either and your favorite product is western reserve iul.”

      My favourite product nutella. But to respond to what insurance we offer, we sell what’s right for the client. In most cases that is term. ULs are a product for a very specific client, it’s not one we come across every day…..but given your lack of understanding, it’s hardly surprising that you would think that.

      I’m sure you also believe that I’m an overweight 32 yrs old who loves french fries and watches reruns of Roseanne. Your instincts have already been proven to be flawed but thanks again for the attempt at marginalization. You’re proving that you can’t argue effectively without dispersions.

      • May 30, 2015 at 8:39 am

        Rex you crack me up! Keep up the posts

        You are exactly right about WFG agents not being a captive agent. Other financial advisors have very limited access to carriers and products. These people posting all this misinformation here either don’t get this or just ignore this fact and gloss over it. WFG was appealing to me because I could provide clients with a multitude of products that other financial agents didn’t have access to so that the client would have more plans and options to meet their specific needs while I could also utilize other monetary vehicles as well to help their money grow. And most importantly, utilizing its system to help get a couple of my highly intelligent but broke friends out of their current job.

        So WFG can be a beautiful opportunity for those with the right mindset, ambition and enthusiasm.

  • May 29, 2015 at 10:13 pm


    Be very careful getting suckered into getting their “financial planning” or joining wfg.
    I’ve been suckered in into one of their recruiting seminar by lies and wasted 3 hours of my time listening their get rich quick scheme pitch and “help” families.

    If you are thinking about a career in life insurance sales then check out this forum thread

    Its a good forum and many helpful insurance veteran who know what they are talking about. Do a search on wfg for some good info about the company and products.

    You should start posting there Rex since you are acting like a wfg damage control robot here. wfg need your help there LOL.

    • May 30, 2015 at 8:09 am


      Beware of people like wfgwtf giving advice on the internet of who they should use for their financial needs.

      Lets look at what he’s saying!

      “Be very careful getting suckered into getting their “financial planning” or joining wfg.
      I’ve been suckered in into one of their recruiting seminar by lies and wasted 3 hours of my time listening their get rich quick scheme pitch and “help” families.”

      WFG holds presentation meeting that are ways for you to get to know the company, the values and belief. There is no pressure and if you like what you hear let us know and if not then you do not have to do business with us.
      It is not “3 hours long”. That is a misrepresentation designed to get you to refuse attending a meeting. A very lazy one at that.

      It is simply a grass roots approach to marketing a company that is more effective than a 30 sec. commercial.

      “If you are thinking about a career in life insurance sales then check out this forum thread
      Its a good forum and many helpful insurance veteran who know what they are talking about. Do a search on wfg for some good info about the company and products.”

      The only thing close to good advise……do some research. Attend a WFG presentation and then decide for yourself instead of listening to people like wfgwtf. Also understand that there are individuals who have an ex to grind and simply offer hyperbole and rhetoric to hurt a company who they believe has wronged them.

      “You should start posting there Rex since you are acting like a wfg damage control robot here. wfg need your help there LOL.”

      Damage control? Nothing of the sort. I love to debate and I love to think critically. I love the fact that I found this site which allows me to “pull back the curtain” as they say and reveal the machinery behind the posts. I’m not making you look foolish, I’m simply pointing out how you make yourself look foolish.

      For example, using the term “damage control robot” is a clear attempt to marginalize what I say without actually presenting any cogent arguments.

      be-boop must recharge!

      more please :)

  • May 30, 2015 at 6:50 am

    What I miss? Oh more garbage!! So according to wfgwtf you sat in a WFG seminar for 3 hours and they pitched a get rich quick scheme? I really really would like to know where this seminar was. Seriously I would like to go check it out. The ones I’ve been too are one hour and some people are actually turned off because it’s not a get quick rich scheme. It takes work, you think clients fall from the sky ? Even if you can recruit the crap out of it. You still need clients. There’s no get rich quick here. And there’s never any impression that there is. That’s why so many people are so successful with WFG because they worked hard to where they are and are proud. You on the other hand maybe got that impression. Because that’s maybe what you were hoping for and found out that it actually takes work and education and training and that pissed you off!!! So if whatever seminar you went to told you that … They were wrong… But I doubt it. But if so again that’s not WFG s fault somebody is trying to get people to join by lieing that its get rich quick!! I guess it depends on what your view on rich and quick is!! And it is very possible to make a lot of money in your first year of being licensed. Some people are really great at talking to people and building a business. Some suck !!! From what I’ve read it sounds like you either really sucked and now is pissed and jealous at those who succeeded…probably your ex or something wouldn’t that be a burn. Lol. Or unfortunately you found a rotten apple in the batch. Or you thought and hoped going in you could get rich quick and realized it takes work. There is no get Rich quick in this world unless it is illegal. But then they don’t last. WFG agents can make good money in a short period of time but they worked there butt off for that!!! And they have to keep working their butts off.

    • May 30, 2015 at 2:31 pm

      WFG is the absolute worst company out there..

      Ripping off families on a daily basis.
      When, the families get wise to WFG, they drop their Variable Innuity products like hot potatoes.

      Never have I seen such uneducated, uniformed and unqualfied people
      trying to sell financial products and recruit everyone they try to sell as a WFG representative
      (where they make their most money in the WFG Multi level markeing Pyramid Scam)…

      Attended a few of their meetings…out of curiosity.
      Have seen their “cloak and dagger recruiting methods in action”.
      Run into people working in that MLM Pyramid Scheme Insurance Cult.

      Their “Bogus TV Preacher Style Revival Meetings are Comical and Way Over the Top”
      except if you are the unfortunate family that buys their “Underperforming, Overpriced….
      High Loads, High Commissions and Fees Products”…

      Curiously (By Design from their corporate offices in Georgia)
      Most of the Reps that I have talked to communicated with, read about and researched know little or nothing about the products they are
      pawning off on people.
      Without their curious and unethical recruiting and selling techniques.
      the substandard products they are “selling” would not sell when compared to other
      more reasonable insurance products
      So, they wrap their substandard high load, high commissions, high fees, underperforming
      products in the MLM /Pyramid/Scheme Carnival Razzle Dazzle…

      Those who are desperate, unemployed, financially unsophisticated,
      not the sharpest tools in the shed fall for this complete nonsense..

      Don’t be WFG’s Next Victim.
      Avoid WFG like the Plague that it Is…

      • May 30, 2015 at 4:23 pm

        Yea!!! A new post!

        Let us once again examine the anatomy of a “bash post”

        “WFG is the absolute worst company out there..”

        Harsh statement that is intended to be construed as fact and yet all previous post by History8888 has been puffery and opinion. This is no different but remember that not all opinion is equal. There is ignorant and then there is epistemic. If I gave you an opinion about how The Boeing Corp. operates (even though I’ve never worked there) and someone who works there points out that I’m wrong, my statement is based on ignorance while the Boeing employee’s comments would be epistemic.

        “Ripping off families on a daily basis.”

        Baseless accusation. Libel.

        “When, the families get wise to WFG, they drop their Variable Innuity products like hot potatoes.”

        …..and then they dance a jig, shoot monkeys into space, and invent edible flamethrowers!
        See, you can say anything you want in these forums. Doesn’t make it true, just makes it “something some guy said”

        “Never have I seen such uneducated, uniformed and unqualfied people
        trying to sell financial products and recruit everyone they try to sell as a WFG representative”

        This is hyperbolic rhetoric. He calls them uneducated even though they require to complete courses to apply for government testing. He then calls them uninformed even though to maintain a licence require CE credits where product provider conduct seminars on their investment and insurance products. He calls them unqualified when a prerequisite of conducting business is attaining the qualifications.

        “(where they make their most money in the WFG Multi level markeing Pyramid Scam)…”

        This is where the poster resorts to the distortion of truth through association i.e. pyramid scheme. It is blatantly false. Clearly the poster either doesn’t understand what a pyramid scam is or doesn’t understand how WFG works.

        “Attended a few of their meetings…out of curiosity.
        Have seen their “cloak and dagger recruiting methods in action”.”

        More pejoratives and an attempt to establish some kind of credibility by claiming he attended “a few of their meetings”

        I attended a couple of cooking classes, that doesn’t make me a chef and it certainly doesn’t make him the expert he attempts to appear (if he really even attended more than a single meeting)

        “Run into people working in that MLM Pyramid Scheme Insurance Cult.”

        More marginalizing pejorative language. By now you should be able to see that this poster does not have any real leg to stand on beyond attempting to associate the company with negative words. It is a weak approach but really all he is capable of.

        “Their “Bogus TV Preacher Style Revival Meetings are Comical and Way Over the Top”
        except if you are the unfortunate family that buys their “Underperforming, Overpriced….
        High Loads, High Commissions and Fees Products”…”

        Even more pejoratives without an argument or evidence to support the poster’s side. There is an old saying “If you can’t pound the facts, pound the table”. I think his table is about to break!

        …..and whats with the quotation marks? Are they sneer quotes or are you quoting someone? Very strange.

        “Curiously (By Design from their corporate offices in Georgia)
        Most of the Reps that I have talked to communicated with, read about and researched know little or nothing about the products they are
        pawning off on people.”

        This falls under the category of weasel words. Weasel words are an attempt to appear to have intimate knowledge of an expert or source without having to back up what they are saying. It is one of the most common logical fallacies. It’s about as credible as that guys from high school who use to talk about his girlfriend in Alaska.

        “Without their curious and unethical recruiting and selling techniques.
        the substandard products they are “selling” would not sell when compared to other
        more reasonable insurance products.”

        Yet even more pejoratives. Basically the poster is becoming a broken record at this point. Also, the poster is still under the delusion that WFG has WFG insurance when in reality they have access to a majority of the companies out there.
        At least the poster used sneer quotes correctly. :)

        “So, they wrap their substandard high load, high commissions, high fees, underperforming
        products in the MLM /Pyramid/Scheme Carnival Razzle Dazzle…”

        Pejoratives with some unsubstantiated claim thrown in. I guess it was an attempt to spice things up!

        “Those who are desperate, unemployed, financially unsophisticated,
        not the sharpest tools in the shed fall for this complete nonsense..”

        Apparently history8888 has recently purchased the 2015 “Big Book Of Pejoratives” To be honest, I’m a little disappointed he couldn’t make them rhyme! He is after, a master of negative adjectives!

        Because if anything proves your point, it’s not facts! It’s adjectives!

        Don’t be WFG’s Next Victim.
        Avoid WFG like the Plague that it Is…

        ……asaaaaaaaaaaand more pejoratives.

        Notice that he didn’t come up with a single fact to prop up his side? He resorted to juvenile tactics.

        What does that say about History8888? What does that say about his credibility?

        • June 2, 2015 at 2:08 am

          Just read this complete forum and the hundreds of other forums \
          out there of real people bamboozled by World Financial Group/WFG
          Ripped Off, lied to Cheated, Treated like Crap,
          Sold Unsuitiable products etc…

          The list goes on and on and on…..

          Google: World Financial Group Fraud

          and you get ONLY 42 Million 900 thousand HITS!!!


          I would not be surprised if these World Financial Minions
          were paid by WFG to respond on these forums,
          Rebut and Spread WFG
          “Talking Points” and Propaganda…..

          It is common practice for Very Controversial and Unpopular WFG…

  • May 30, 2015 at 7:04 am

    And btw Ashly and Rex and whoever has joined the convo probably stumbled on this like everyone else. And this link to this convo is still very active and easy to access . WFG is growing and people are curious and want to know about us. Unfortunately as this site proves. The information you get online is bunk. And some agents go searching for this info because they know that people are looking and want to see what they see so it’s easier to understand where their coming from!!! And maybe we are all the same people lol. The facts still remain and if we all were in a WFG battle to save our lives… You wouldn’t have a leg to stand on… !!!!!

  • May 30, 2015 at 7:19 am

    uummm ok it appears,, now that I look back ,, that there has been posted going on here ongoing from February of this year. No wonder it still appears in the search. Why would you call it a 4 year post when it’s still being added too? And not by me or Ashly or Rex. By you guys wfgwtf and Paul. That’s why it was easy to see. You don’t have to go looking hard for it. You guys are so sad!!!! And just to add you will get out of a WFG presentation exactly what your mind was telling you before you went in. If you are a skeptic then it doesn’t matter what was said. You will believe what you believe. And if you see this as an amazing opportunity (which it is) then you will embrace it and give it a try… And no one is ever expected to quit there current job for WFG because it may not be for them. Try it part time. I really want to go to that 3 hour seminar you went too.. I’m curious now!!!!

    • May 30, 2015 at 11:50 am

      I’m sure those are quite similar words to the ones the good reverend Jim Jones said just before distributing the kool aid.

      • May 30, 2015 at 4:26 pm


        Thanks buddy!

        This is once again the distortion of truth through association.

        Let me help you out, Jim Jones is a bit of an out dated reference, drinking the Kool-aid is still in use even though many younger folk don’t quite understand where the reference came from.

        But anyway, thanks for showing us that you don’t have an argument; you have rhetoric.

        We can all see, once again, that you have nothing to contribute besides the odd cheap shot


  • May 30, 2015 at 11:42 am

    This is the best. I have a friend who I have been inviting to a BPM for awhile now I told her to go to this chat site and read what was being posted… She got more curious then ever and figured out for herself that WFG must be that intimidating for someone to post the stuff that’s on here. She totally saw the cowards and pettiness behind these posts. She’s in law. Kinda a smart girl!!!! She came to the meeting this morning and loved it. She’s not joining because she has a law firm. But she’s setting up an appoinment for her adult son!! And she’s becoming a client. Thanks guys for helping me build my business!!!!! And yes WFG is intimidating but that’s not a bad thing. Lots of amazing people there to look up to and be inspiring but a little intimidating cause we all want to follow in their shoes!!!

  • May 30, 2015 at 11:58 am

    Again. People don’t have issues with WFG. People have issues with people. Shame on these individuals. Shame on you for misrepresenting such an amaz