", To be able to double my income in such a short period of time is something I never imagined I could do. Address Line 2 (Optional) Premier Financial Alliance Seal Team Business details. Once they pay the $125 membership fee and buy the Living Life IUL policy, Premier Financial Alliance associates are pressured to recruit and sell the policy within their network of friends and family members, typically from the same immigrant group. Wang and Zong, both New Jersey residents, claim Premier Financial Alliance is a pyramid scheme they were lured into. Death is not required to gain protection from this type of insurance. She used that money to pay for her treatments. Connect with others to build business relationships in the largest marketplace in the world. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. All rights reserved. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Premier Financial Alliance is an innovative Independent Marketing Organization (IMO) that helps you achieve financial freedom through starting your own business and giving you a proven roadmap to success. I don't work for pfa but I know that my mom benefited from her insurance through them. This is a help forum - bad advice will get you banned, and we do not consider "just joking" to be a defense of advice that would be harmful if followed. Press J to jump to the feed. Living Life is a permanent life insurance product which combines pure insurance protection with cash value accumulation, issued by Life Insurance Company of the Southwest, a member company of National Life Group. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? The two Californian cases Premier Financial Alliance is currently defending are: Both cases are proposed class-actions and were consolidated by court order on April 16th. Here are the top work-from-home tips from our staff. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. $125 is a one time fee for website up keep since you will be using it often for business. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. Although prospective associates are told they will be able to maintain their own insurance business, the policy bought and sold through the pyramid is significantly overpriced. Otherwise, check out our top-recommended program if you dont want the hassle of selling and recruiting. Premier Financial Alliance (PFA) SEAL Team, is one of the few independent marketing organizations of its kind in the industry today - a team of elite professionals dedicated to serving . Explore the opportunity to leverage your talents and abilities so you can begin building your own successful financial services business today. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. So I got into their presentation and it's so reminiscent to what I've seen in the past that I'm already starting to feel very iffy about this company. Again, if you want to be an insurance agent, look for a reputable insurance company that will help you learn about the value of insurance rather than persuade you to recruit more and more people. If you have fallen for a scam, you can post your experience here to warn others. Because of the reputation it has. 1st client get 30% commission. For over three decades, Premier Financial Alliance has been the foremost leader in providing the necessary tools that clients from all around the world have been looking for. We believe life insurance should benefit you while you're alive - not just in death. Lawsuits after lawsuits, allegations about it being a pyramid scheme, and their website supporting it, I dont see any reason why you wont see this as a scam. It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. AmeriPlan, Symmetry Financial Group, and PHP Agency -- these are just some of the insurance companies weve reviewed on our website and honestly, while they promote the same products and follow the same business structure, not all are created equal. But looks like company agent screwed Nepali and Bhutanese immigrants. PFA swag bag and shirt. Online, offline, email, or postal. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. I'm no financial advisor or a professional in the insurance field, but I dont know if PFA is actually legit. The importance is, is the lawsuit successfully. This includes the tools you need to grow your business, such as the PFA email system, marketing system, and business monitoring system. Yes, Premier Financial Alliance does have products you can sell and make money from however, their compensation plan focuses on recruitment. This Credit Union is federally insured by the National Credit Union Administration. All it says is that they are selling your dream but if I know, this is a way to attract people. Even thou comission 50% I wont do it because I feel guilty by stealing ppl money. I.e. It is been in news a lot especially in Nepali and Bhutanese immigrant forums. Our product and platform create an opportunity for financial services professionals to grow their own business with very little startup costs. Haley Piper. MLM is legal business system that has been around and proven to be very efficient. What Is Premier Financial Alliance About? Premier Financial Alliance have been directed to file their response to the lawsuit within twenty-one days of the filing. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a particularly egregious classic pyramid scheme. Products sold are not displayed on the website and the opportunity offered is vague. Multi Location Business. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". The motion requests permission to seek reconsideration of the earlier arbitration denial decision, or in the alternative a transfer of the case to Georgia. ", "Before, Iwas making money. No compensation plan. This tax season with discounts on tax solutions that save you money, time and stress. Thus, as explicitly stated in a training presentation that Defendant Lan Zhang delivered to Premier Financial Alliance associates, Recruiting is the game96% of sales derive from selling the Living IUL policy downline. Disclaimer | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by iPipeline, 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph: 402-423-5002 Ph. There are lawsuit against PFA, but they are all denied. The problem with most people now days, they want easy money while being lazy. C2820332, that currently does business at 8000 Marina Blvd., Ste. Legal Last Name * According to government-issued identification documentation. Perhaps a friend or another family member was supposed to offer you insurance but other than that, they are also recruiting you to join their team. p.s. Access to P-TRAC, a dashboard that allows you to view team production and metrics. The court also noted that so many of PFAs affiliates reside in California. It protects from death, accident, critical illness, or even theft. Switching over to the 2019 case, the motion to compel arbitration that stayed the 2018 case was filed by Premier Financial Alliance on May 28th. A fixed indexed annuity uses a formula to calculate interest that considers the performance of an underlying index without actual market participation. Founded Date 2003. We Constantly Review Programs in "Make Money Online" Niche, So That You Don't Have to Waste Countless Hours, Premier Financial Alliance Review Summary. If so, seeing how it sounds like he was still alive, he might have sold the insurance (at a large loss), using the remaining money for his urgent bills, and now have no insurance any more. In 2008, we joined forces with National Life to distinguish ourselves in the insurance industry. Premier Financial Credit Union Mobile Logo. Press J to jump to the feed. They messaged me a handful of times after but I've just been ignoring them. Headquarters Regions Greater Atlanta Area, East Coast, Southern US. This is a help forum - bad advice will get you banned, and we do not consider "just joking" to be a defense of advice that would be harmful if followed. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Ever wanted to have a super profitable online business but lack the ability or desire to create products and struggle to drive traffic, generate leads and convert sales? Legal Name Premier Financial Alliance, Inc. Company Type For Profit. While I wont directly tell you that Premier Financial Alliance is a scam or a pyramid scheme, I will let the facts in this review and the reviews of other people help you decide. A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. To sell the financial-success promise, PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, and AJW flaunt the wealth of the highest-ranked Associates and those few insiders at the top of the pyramid, as examples of the riches that await new participants, if only they will work hard enough (i.e., tirelessly recruit new Associates). The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. Call us at (920) 898-4232. uChoose Rewards If you pay for them, you ruin your only profit line. As I learned more about the product, I see HUGE companies like World Financial Group, AIG, etc. The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. Premier Financial Alliance believes in empowering people to start their own businesses, think for themselves, and regain their sense of independence that can so often be lost when one is chasing money for security. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. Worse, if its proven to be a fraud, your name might be dragged in it, too. Nowadays, people can sue people, company sue company every day. $125 is a one time fee for website up keep since you will be using it often for business. In response to Plaintiffs Rui Chens and Wenjian Gozales pyramid scheme lawsuit, Premier Financial Alliance attempted to compel arbitration. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. More or less, it follows a multi-level marketing (MLM) structure that lets people earn by selling their policies and at the same time, growing their team. That could be problematic because more or less, they will do their best to persuade you in joining the program. That deterred me from committing. However, this is not the case with Premier Financial Alliance. So, youre looking for a source of income that wont put your name and money at risk? PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, AJW, by their authorization promote the pyramid scheme and make misleading claims of financial success. In addition to covering that, today were also revisiting the original 2018 Premier Financial Alliance pyramid lawsuit. Stated aims of the class-action include establishing. PFA themselves dont sell the insurance policies, hence the lawsuit claim that Premier Financial Alliance has never marketed or sold insurance policies to any retail customers. With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. Money is just by product. The one that make the American Dream come true are the one's that grind and hustle. I dont like MLM. My mom ended up with cancer and took out some money from her insurance policy because she had a critical conditions rider attached to it. PFA and WFG are both legitimate company, not a scam. Talk to the one who invited you. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. }; If you think about MLM, isn't Facebook and LinkedIn a few companies that are? Oops! Another reason is that its challenging. On November 28th defendants A JW Production, LLC, Bill Hong, The Consortium Group, LLC, Jack Wu, Rex Wu, and Lan Zhang, filed their own motion requesting the same. Defendants named in the lawsuit include Premier Financial Alliance, David Caroll (CEO and Founder), Jack Wu (chairman and ringleader) and his company AJW Productions, Rex Wu (field chairman), Lan Zhang (an original member of PFA), Bill Hong (conspirator). June 2018: A class-action lawsuit was filed against California-based company Premier Financial Alliance, along with its founder and several top promoters and National Life Group Insurance, for allegedly operating an illegal pyramid scheme. 100, Brisbane, CA 94005. PFA has collaborated with the nation's largest insurance . Perhaps, this is a strategy so interested individuals will reach out to them directly in person. When a company earns most or all of its revenue from recruitment, by definition, it is a pyramid scheme. I'm a stay-at-home mom always on the lookout for ways on how to make LEGITIMATE money online. This is my experience and I hope you got some thing out of it! Premier Financial Alliance Compensation Plan. This product represents the next generation of our shared success . Manages clients' investments, helps them buy and sell stocks and bonds, assists with tax planning, etc. To make money in PFA and WFG, it requires hard work and servant mentality. The decision to deny reconsideration was based on PFAs. Something went wrong while submitting the form. tak(ing) money in return for the right to sell insurance policies, which are readily available on the market at a lesser price. The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. The business opportunity is focused on recruiting people, and have them purchase 100 points in volumes. Plaintiffs Gonzales and Chen are seeking to represent a class of similarly situated Premier Financial Alliance victims, of whom they estimate there are over 25,000. Premier Financial Alliance, Inc. (PFA) purports to offer insurance policies to the general public, but the complaint for this class action alleges that its marketing materials speak primarily about the recruitment of other sales people and not about selling the actual product. Post your questions here and have them answered by people who are knowledgeable about all types of scams. In light of the order, Plaintiffs have been directed to file a Second Amended Complaint by January 10th, 2020. However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. 5.2 miles away from Premier Financial Alliance. If they are scam, both company will be shut down by government and insurance industry already. theYear = now.getYear(); The trick to MLM is to sign up underlings that can pay the fee. Lan Zhang appears to be a top Premier Financial Alliance affiliate. In addition, the PFA agents receive a commission when they recruit a new affiliate. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Joining the program a particularly egregious classic pyramid scheme offered is vague product represents the generation... 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