Nowadays, people can sue people, company sue company every day. The most damning allegations in the new 2019 lawsuit are the targeting of Asian immigrants, and claim that 95% of sales within Premier Financial Alliance are affiliate purchases. in Life Insurance, Auto Insurance, Home & Rental . For improved security and optimized performance we highly recommend upgrading your browser. If you have questions or comments, please feel free to share them below. Otherwise, check out our top-recommended program if you dont want the hassle of selling and recruiting. I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. 155 Kapalulu Place, Honolulu, HI 96819 However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. After the presentation was over, I met up with my friend and asked me if I liked the product and if I was interested in joining him. To join PFA, you have to pay a non-refundable amount of $125. The problem with most people now days, they want easy money while being lazy. Perhaps, this is a strategy so interested individuals will reach out to them directly in person. Thank you! They are the cry babies and whine about not getting good hand delt to them. Press question mark to learn the rest of the keyboard shortcuts, http://www.scam.com/showthread.php?641926-Multi-Level-Marketing-Premier-Financial-Alliance-%28PFA%29-Scam, http://sajha.com/sajha/html/index.cfm?threadid=111838, http://www.ripoffreport.com/r/premier-financial-alliance-seal-team/rockville-md-maryland-20850/premier-financial-alliance-seal-team-premier-financial-alliance-seal-teamrex-wu-john-wu-1192255, http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. The importance is, is the lawsuit successfully. Oops! Premier Financial Credit Union Mobile Logo. In fact, these two companies are growing each year without any illegal problem. they never personally agreed to PFAs AMA. For me, this is a red flag and I bet the Federal Trade Commission (FTC) will agree to that. Both claim to have been deceived into believing PFA was a legitimate way to make money. It wouldn't hurt to make extra money right? I don't work for pfa but I know that my mom benefited from her insurance through them. Premier Financial Alliance. You can check more insurance companies here. ATM Finder. But what if you could turn that idea into your reality? The most damning allegations in the new 2019 lawsuit are the targeting of Asian immigrants, and claim that 95% of sales within Premier Financial Alliance are affiliate purchases. Premier Financial Alliance, Inc. 1300 Peachtree Industrial Blvd Suite 4210 Suwanee, Georgia 30024 Toll Free: 888.867.6533 Direct: 770.271.0443 Fax: 678.482.1975 [email protected] Close. How Much To Join Premier Financial Alliance? Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. There are lawsuit against PFA, but they are all denied. With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. June 25, 2018. Recruitment is wrong for many reasons. Our associates are supported by a first-class team that is as passionate as you are. Anyway, insurance, from the word itself, means guaranteed or assurance. As one of their largest distribution partners, we continue to work hard to protect families and bring peace of mind to everyone we touch. Founded by David Carroll (who's also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. Thank you! Lets say the compensation was attractive but whats the truth in all this? Founded by David Carroll (whos also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. p.s. $149. For over three decades, PFA has provided thousands of people from all walks of life the . 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. At-a-glance. Valley Strong Credit Union operates as a financial cooperative. Headquarters Regions Greater Atlanta Area, East Coast, Southern US. 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. Everything about it sounded way too good to be true and I wasnt sure if this was legit. Internet Explorer 11 is outdated. Copyright They messaged me a handful of times after but I've just been ignoring them. On the original 2018 pyramid scheme case docket, an administrative motion was filed on March 19th. 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. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". I.e. When a company earns most or all of its revenue from recruitment, by definition, it is a pyramid scheme. I know most people are confused about how it really works and thats okay. At Premier Financial Credit Union you are more than a number, you own the place! Something went wrong while submitting the form. I joined Vasiliy as a writer for Best Lifetime Income blog. Stated aims of the class-action include establishing. Call us at (920) 898-4232. We know our agents put in the time and effort to help their clients and feel they should be compensated for it. Learn More . 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. The trick to MLM is to sign up underlings that can pay the fee. Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. Honestly, I dont see anything to like about Premier Financial Alliance. 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? No one makes money until a sell is make. https://behindmlm.com/companies/premier-financial-alliance-fraud-cases-consolidated/, https://behindmlm.com/companies/premier-financial-alliance-denied-arbitration-and-venue-change/, https://behindmlm.com/companies/new-premier-financial-alliance-lawsuit-claims-asian-immigrants-targeted/, https://www.mitbbs.com/article_t/SanFrancisco/34629529.html, https://behindmlm.com/companies/premier-financial-alliance-classic-pyramid-scheme-lawsuit-filed/, http://www.wenxuecity.com/news/2018/07/25/7469956.html, a 2018 suit filed by Rui Chen and Wenjian Gonzales, alleging, a 2019 suit filed by Youxiang Eileen Wang and Biyun Zong, alleging Premier Financial Alliance. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. Honolulu, HI 96819-1826. This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. 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. In response to Plaintiffs Rui Chens and Wenjian Gozales pyramid scheme lawsuit, Premier Financial Alliance attempted to compel arbitration. 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. Need Assistance? If yes, then you should join our top-recommended program. 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. They get paid by insurance companies by educating the . This is our shared vision. Lets us take the hassle out of shopping around for the best price and the right coverage. While there really is money in becoming an insurance agent, and by that I mean massive commissions, the legit IC Ive seen compensates their members for selling their products. Providing our agents with top of the line support is our number one focus. 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. As per a July 1st order however, the hearing was continued till August 20th. The culture, organization, and leadership are great. Our product and platform create an opportunity for financial services professionals to grow their own business with very little startup costs. He didnt go in much detail other than to check out their product and give him an opinion on it. Equal Housing Opportunity. Create an account to follow your favorite communities and start taking part in conversations. There are fees that you need to settle to become a licensed one and more or less, you need to pay $100 to $200 for this. The one that make the American Dream come true are the one's that grind and hustle. The Premier Financial Alliance Lawsuit. With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. The court also noted that so many of PFAs affiliates reside in California. Financial Services. It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. Life Insurance. Easy account access on the go! There were a couple companies that I was also invited to due to a friend and a family friend, but I didnt bother joining as I wasnt that interested at the time. This tax season with discounts on tax solutions that save you money, time and stress. 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. Need Assistance? Create an account to follow your favorite communities and start taking part in conversations. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? Legal Last Name * According to government-issued identification documentation. Come join us in our quest to bring financial prosperity back to each . Some are legit with good opportunity while some are a downright scam. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. Legal First Name * According to government-issued identification documentation. Serve your client, Serve your team, and required always put other people first before. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. Even thou comission 50% I wont do it because I feel guilty by stealing ppl money. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. 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. Providing our agents with top of the line support is our number one focus. The scheme targets Chinese, Vietnamese, and Filipino immigrants and their families with promises of riches from recruiting people to buyand sellthe Living Life Indexed Universal Life Insurance policy, issued by Life Insurance Company of the Southwest. Your submission has been received! ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Read More. Access all general sessions Sept 25-29, 2022. do the same thing. 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. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. For one, if its the sole source of income, it is unstable. Address Line 1 *. With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. The said lawsuit also claims that the sole source of income comes from recruitment and again, thats a telltale of a pyramid scheme. Worse, if its proven to be a fraud, your name might be dragged in it, too. 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. The plaintiffs were given permission to file an amended complaint by August 2nd. 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. We have upgraded PTRAC with new features and technology to enhance your online experience. Career. Is Premier Financial Alliance A Pyramid Scheme/Ponzi Scheme? ? Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events. Post your questions here and have them answered by people who are knowledgeable about all types of scams. Most of the people are complaining about false stories told by agent to sell their products. The last significant filing in the 2018 case is a May 28th motion by the Premier Financial Alliance defendants. 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. It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. I'm no financial advisor or a professional in the insurance field, but I dont know if PFA is actually legit. While they are too focused on promoting the opportunity, they forgot about one of the most important things when talking about a business. As a new Premier Marketing Associate you will be instructed that the key to attaining success in your business lies in assisting each of your . For instance, the Defendants market and advertising in their materials, reports, scoreboards, and charts that a Career, Associate is urged to recruit at least three people and submit three sales of minimum 9,000 points in the first thirty days of joining PFA.. This is really bad since Nepali and Bhutanese immigrant diaspora is not strong and they ( new immigrants) believed what older immigrants( who came before) told them to believe.Bad part is most of agents are older immigrants. PFAs argument that the company and its employees are based out of Georgia was also rejected. Death is not required to gain protection from this type of insurance. Welcome to My Premier Financial Alliance Review! 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. Lan Zhang appears to be a top Premier Financial Alliance affiliate. 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. In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. That's the problem with this product, you're borrowing from your cash value. Permanent life insurance protection with a cash value component. they will earn vast wealth, luxury vehicles, and lavish trips when in reality more than 95% of PFA Associates average net losses. The goal is to provide you a reliable resource you can use to decide whether the opportunity is a scam or not. Operating Status Active. ", "You're never too young for life insurance. Contact Information. Premier Financial Alliance affiliates are promised. Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. If you check Premier Financial Alliance websites, you cant simply find the products or the type of insurance they offer; rather, they focus on promoting the opportunity. For 2 of the years, I was trying to research and see what they are all about. Email *. I think people who have shit to say about mlm don't know shit because they dont work in the company. Financial Calculators. 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. Online, offline, email, or postal. 100, Brisbane, CA 94005. You don't know what you are talking about. Will it really provide a good source of income? Stay tuned for updates as we continue to track both cases going forward. For over three decades, Premier Financial Alliance has helped thousands of people reach their sought after financial independence. At the hearing defendants Life Insurance Company of the Southwest, National Life Insurance Company, NLV Financial Corporation and National Life Holding Company were granted a motion to dismiss. I noticed people sign up and don't do anything about it. Premier Financial Alliance Seal Team Business details. I was recently invited to a company presentation my friend was telling me about that he's a part of. PFA may have privately organized under the Laws of Georgia as a different The best way to know is have your friend explain to you how PFA make money. 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. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gonzales in California. Talk to the one who invited you. I believe and know now that PFA has the superior product. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. 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. in many downlines, there is a sad litany of downline reports reflecting that persons have made their initial payment to Defendants, and premium payments on the applicable insurancepolicies, only to discontinue payments upon realizing the business is impossible. 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. Call us at (920) 898-4232. We are a Insurance Broker representing over 50 carriers. Knowledgable and experienced mentors with you every step of the way. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. Sounds like that exactly whats going on. Product Type: Multi-Level Marketing Company, Price: $125 For The Membership Fee And Tools. That's not really a success story. Awesome. Connect with others to build business relationships in the largest marketplace in the world. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. That could be problematic because more or less, they will do their best to persuade you in joining the program. Is Premier Financial Alliance legit or a scam to watch out for? If you have fallen for a scam, you can post your experience here to warn others. Necessary tools needed to turn this into a tangible reality fallen for scam. For a scam or not dragged in it, too super enthusiastic personality and had a call! An extensive and successful career in the AMA, which lead to it being denied for the membership fee tools. To bring Financial prosperity back to each the company and its employees are based premier financial alliance of Georgia was also.. 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