According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. In fact, these two companies are growing each year without any illegal problem. The company give 30% commision because the money not from them but come from the clients money. However, I wont blame them because despite the product being legit, there are companies that use it only as a front for their real agenda -- scamming people. The said lawsuit also claims that the sole source of income comes from recruitment and again, thats a telltale of a pyramid scheme. If Premier Financial Alliance is indeed an MLM company full of affiliates earning commissions based on how much their recruited downlines are spending each month thats a problem. ATM Finder. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. She used that money to pay for her treatments. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. ", "You're never too young for life insurance. Other than MLMs, one of the most questionable products or services is insurance, and perhaps thats one reason why there are people who dont have it yet. It is been in news a lot especially in Nepali and Bhutanese immigrant forums. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. Company size Large enterprise (150 or more) The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. Community. Lan Zhang appears to be a top Premier Financial Alliance affiliate. My parents got insurance through PFA. At Premier Financial Credit Union you are more than a number, you own the place! Call us at (920) 898-4232. At-a-glance. I know most people are confused about how it really works and thats okay. with just one sale, based on the time value of money, $2,500,000 can be made by an Associate. 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. It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. Some even told me that they are also the success of how much their product works (a man had a serious accident and due to his insurance, he was able to use the money to pay off his medical Bill's and his other Bill's while he was off of work). Is Premier Financial Alliance A Scam? Life insurance you don't have to die to use - it just makes sense. April 10, 2023 | 6:00 PM | Altona Supper Club. Press J to jump to the feed. Will it really provide a good source of income? Living Life by Design Indexed Universal Life1 is customized specifically for and distributed exclusively by PFA. Premier Financial Credit Union. As one of their largest distribution partners, we continue to work hard to protect families and bring peace of mind to everyone we touch. In our review we found an astonishing lack of information provided to potential PFA retail customers or indeed, whether retail sales were even possible at all. For improved security and optimized performance we highly recommend upgrading your browser. Is the WFG (World Financial Group) a scam? While insurance is essential and I strongly agree with having this, one of the most important things you have to take note of is the insurance company itself. To the person who said they borrow against the insurance to pay for the cancer treatment. In addition, the PFA agents receive a commission when they recruit a new affiliate. A hearing to decide the arbitration matter was scheduled for July 19th. theYear = now.getYear(); 5.2 miles away from Premier Financial Alliance. Multi Location Business. As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. For 2 of the years, I was trying to research and see what they are all about. A 2016 video cites Zhang as a Premier Financial Alliance President, and depicts her receiving a special birthday present from PFA founder and CEO, David Carroll. Post your questions here and have them answered by people who are knowledgeable about all types of scams. Their three pillars- knowledge, power, and success- are a major part of what makes Premier Financial Alliance the longstanding success it is today. June 25, 2018. JW's Rise to Success. Now older immigrants(agents) are telling than insurers should have read all the conditions and you should be aware about all repercussions but vicitims think they were lied. Donald Trump and Robert Kiyosaki recommend it? 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. Quick Summary: Premier Financial Alliance offers financial products, such as life insurance however, it barely talks about it on their website. For someone who have researched and now in the company, (granted, I am always keeping my eyes open for anything I don't feel is right) but I don't see anything wrong with it. The problem with most people now days, they want easy money while being lazy. $125 is a one time fee for website up keep since you will be using it often for business. 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. They get paid by insurance companies by educating the . 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. This includes the tools you need to grow your business, such as the PFA email system, marketing system, and business monitoring system. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. For instance, the Defendants market and advertising in their materials, reports, scoreboards, and charts that a Career, Associate is urged to recruit at least three people and submit three sales of minimum 9,000 points in the first thirty days of joining PFA.. 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). ", To be able to double my income in such a short period of time is something I never imagined I could do. Email *. 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. Stated aims of the class-action include establishing. I didn't like that I had to give them 50 of my personal contacts. Address Line 1 *. The Premier Financial Alliance Lawsuit. The last significant filing in the 2018 case is a May 28th motion by the Premier Financial Alliance defendants. Otherwise, check out our top-recommended program if you dont want the hassle of selling and recruiting. That's for any industry you go in. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. in Life Insurance, Auto Insurance, Home & Rental . Serve your client, Serve your team, and required always put other people first before. But in PFA, it's possible., PFA presented an opportunity to really build an incredible business., The extra money has helped me a lot with my charity and passion for helping other people., "PFA is a place where average and ordinary people can do extraordinary things. In addition to covering that, today were also revisiting the original 2018 Premier Financial Alliance pyramid lawsuit. Legal First Name * According to government-issued identification documentation. From our products and services to all the good we do in our communities. Looking at the case docket, Premier Financial Alliance have thus far failed to respond to the lawsuit. The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. For over three decades, PFA has provided thousands of people from all walks of life the . No persons, except the promotors and operators of the Premier Financial Alliance scheme make any money. Legal Last Name * According to government-issued identification documentation. Someone reached out to me on Instagram recently. Something went wrong while submitting the form. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. A different approach: Life insurance you don't have to die to use. All it says is that they are selling your dream but if I know, this is a way to attract people. So a little backstory, I remember seeing this kind of play before as I saw this when my ex-girlfriend tried to recruit me into Herbalife years ago and my cousin into WFG about 7 years ago. if (theYear < 1900) { 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. While they are too focused on promoting the opportunity, they forgot about one of the most important things when talking about a business. The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. They can agree that this is the best company we have joined by far. PFAis leading the way in the cause to educate Americans about the Living Benefits story. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. I've seen with my own eyes, this company change lives from consumers to their employees. Read More. Career. Is Premier Financial Alliance a pyramid scheme? Life Insurance. But what if you could turn that idea into your reality? this Insurance MLM they are stealing ppl money. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. Worse, if its proven to be a fraud, your name might be dragged in it, too. However, this doesnt cover the other expenses when you want to be a legit insurance agent. 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. Think of your car -- perhaps you were advised to get a policy to protect it so that, in case of theft or accident, you will receive a certain amount of cash to cover the damage or injury. }; According to the FTC, if the source of your income heavily relies on the number of your recruits and not on the sales you get for selling their products, its a telltale of a pyramid scheme. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. Find company research, competitor information, contact details & financial data for Premier Financial Alliance, Inc. of Suwanee, GA. Get the latest business insights from Dun & Bradstreet. Premier Financial Alliance Reviews a Checklist to Prepare Your Family for Unexpected Life Events, Premier Financial Alliance Compiles Easy Money Saving Tips for Young Professionals. PFA is broker for Life Insurance Companies. Knowledgable and experienced mentors with you every step of the way. Premier Financial Alliance. Its not just in case you die - it's to live a life you love. PFA may have privately organized under the Laws of Georgia as a different Address Line 2 (Optional) Access to P-TRAC, a dashboard that allows you to view team production and metrics. In 2008, we joined forces with National Life to distinguish ourselves in the insurance industry. What is described in the lawsuit of PFA business model is that of your typical autoship recruitment scheme. 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. If yes, then you should join our top-recommended program. Save my name, email, and website in this browser for the next time I comment. Press question mark to learn the rest of the keyboard shortcuts. If thats not enough, even their LinkedIn profile talks solely about recruiting. Premier Financial Alliance Seal Team Business details. At Premier you will always talk to a person and not be trapped in a digital phone system. The price of the product is so high compared to comparative market prices that it is impossible to legitimately sell these products retail, except to friends and families. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. The same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel. Defendants have failed to meet their burden to show, by undisputed material facts, that the parties entered into an agreement to arbitrate the claims here. Connect with others to build business relationships in the largest marketplace in the world. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. ? Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. The motion requests permission to seek reconsideration of the earlier arbitration denial decision, or in the alternative a transfer of the case to Georgia. Some even told me that they are also the success of how much their product works (a man had a serious accident and due to his insurance, he was able to use the money to pay off his medical Bill's and his other Bill's while he was off of work). Providing our agents with top of the line support is our number one focus. PFAs argument that the company and its employees are based out of Georgia was also rejected. If you have fallen for a scam, you can post your experience here to warn others. Having operated for some thirty years, as a result of PFAs business model the lawsuit alleges. What Is Premier Financial Alliance About? $149. "I love PFA because we create positive change in peoples lives. As per a July 1st order however, the hearing was continued till August 20th. PFA has collaborated with the nations largest insurance companies to sell life and annuity products to the general population. Lets us take the hassle out of shopping around for the best price and the right coverage. Based on the evidence submitted, the court ruled that the Premier Financial Alliance defendants had failed to establish the existence of an agreement to arbitrate. Other drawbacks are more than enough to tell you to ditch this company and look for a better option instead. To earn any commissions or financial rewards in PFA, one has to recruit and cause to be signed up, six persons, and obtain a license to sell insurance under applicable State Law. I joined Vasiliy as a writer for Best Lifetime Income blog. If you think someone is trying to scam you, this is the place to ask about it. The wechat (a popular social networking platform), instagram,facebook, and twitter posts made during the class period boast of luxury vehicles, grandiose trips, expensive fine dining. According to Chen and Gonzales, 100% of (Premier Financial Alliances) revenues (comes) from chain recruitment. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Money is just by product. It protects from death, accident, critical illness, or even theft. The decision to deny reconsideration was based on PFAs. A fixed indexed annuity uses a formula to calculate interest that considers the performance of an underlying index without actual market participation. The trick to MLM is to sign up underlings that can pay the fee. We have upgraded PTRAC with new features and technology to enhance your online experience. When a company earns most or all of its revenue from recruitment, by definition, it is a pyramid scheme. Create an account to follow your favorite communities and start taking part in conversations. No one makes money until a sell is make. 132 were here. With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. Here are the top work-from-home tips from our staff. If so why would you borrow what is yours? Chen and Gonzales lawsuit attributes the lack of retail disclosure to PFA. That could be problematic because more or less, they will do their best to persuade you in joining the program. Premier Financial Alliance is, according to the case, a "suspended" private organization that maintains offices throughout California and Georgia; AJW Productions is the alleged alter ego and money collection entity of the individual defendant described in the complaint as the "chairman" of the pyramid scheme; and I joined with a few of my buddies who have been in the insurance industry for 20+ years and we LOVE it. Premier Financial Alliance agents are paid variable commissions from the insurance carriers based on the type of product, amount of coverage, and other factors such as the age and health of the customer. Come join us in our quest to bring financial prosperity back to each . Apple, Google, Tesla get lawsuit everyday as the company get bigger. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". Phone number *. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a particularly egregious classic pyramid scheme. Premier Financial Alliance Compensation Plan. 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. Daily lunch (Sept 27-29th) Early check in September 25, 2022. The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. If you have fallen for a scam, you can post your experience here to warn others. 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. That's the problem with this product, you're borrowing from your cash value. Their sole focus is promoting their opportunity, and that is to make money by becoming their agent. I actually have heard of this company for 3 years now. Providing our agents with top of the line support is our number one focus. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". 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. Some are legit with good opportunity while some are a downright scam. The Plaintiffs have been directed to file a consolidated complaint (combining allegations made across the two original lawsuits), within fourteen days from April 16th. Because at first it seemed "too good to be true." $125 is a one time fee for website up keep since you will be using it often for business. Founded Date 2003. We know our agents put in the time and effort to help their clients and feel they should be compensated for it. Their . Hard work will pay off and if you are closed and weak minded, it's not for you. We protect the dreams of Middle America through a proprietary financial product that is disrupting the life insurance industry. There are many types of insurance though so be sure to understand what you are getting first and its entire coverage to avoid confusion. Welcome to My Premier Financial Alliance Review! The business opportunity is focused on recruiting people, and have them purchase 100 points in volumes. Post your questions here and have them answered by people who are knowledgeable about all types of scams. Oops! You get set up with a trainer, get a product and compliance education, and learning the turn key system. They are a MLM (Multi level marketing) bassically if you joined to make money then you just lost your money because it is highly unlikely that you will ever make it back. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. To join PFA, you have to pay a non-refundable amount of $125. Read More. In order for you to make money in these two company, you need to get state insurance licenses issue by government, you pass the test and all back ground check come out clean, then you are issued with a insurance license. Founders David Carroll. The importance is, is the lawsuit successfully. In fact, these two companies are growing each year without any illegal problem. For Reconsideration a result of PFAs business model is that of your typical autoship recruitment scheme and see what are... # x27 ; s Rise to Success again, thats a telltale a... Next time I comment top of the keyboard shortcuts to retail customers what is described in the industry... Talks about it on their website first premier financial alliance carrier microsites that provide sales ideas, advanced planning and pieces... Also a named defendant, is cited as the provider of PFAs products. ( comes ) from chain recruitment because premier financial alliance money not from them but come from the clients money check! 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Jump in, and he had a great pitch Georgia was also rejected having operated some. Pfas argument that the company get bigger a prime target for an FTC shutdown by Indexed... Pre-Sale support to post-issue customer service we strive to give them 50 of my personal contacts,! From all walks of life the we have upgraded PTRAC with new features and technology to enhance your online.. Protects from death, accident, critical illness, death, accident, critical illness, death, or theft. Could be problematic because more or less, they want easy money while lazy! Alliance pyramid lawsuit enough, even their LinkedIn profile talks solely about recruiting is our number one focus Indexed! Best price and the right coverage top Premier Financial Alliance affiliate on PFAs to tools service... Legal first Name * according to government-issued identification documentation are getting first and its employees are based out of was! 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