Two ongoing civil fraud cases involving Premier Financial Alliance have been consolidated into a single class-action. I've seen with my own eyes, this company change lives from consumers to their employees. Anyway, insurance, from the word itself, means guaranteed or assurance. PFA may have privately organized under the Laws of Georgia as a different Thank you! The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. I joined with a few of my buddies who have been in the insurance industry for 20+ years and we LOVE it. you can see add online where a guy boasts he can help you make $28000 dollars per week. 155 Kapalulu Place, Honolulu, HI 96819 At Premier Financial Alliance, financial freedom is more than just a dream; its an achievable way of life. 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). Premier Financial Alliance sells financial products, such as life and annuity insurance. Is he supposed to have used a life insurance for that? Easy account access on the go! 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. The same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel. January 12, 2022. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. They messaged me a handful of times after but I've just been ignoring them. 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). 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. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. 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. Has this product worked with anyone? Personal Information. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. 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. }; But hey, everyone has to start sometime right? We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. Save my name, email, and website in this browser for the next time I comment. $149. Their three pillars- knowledge, power, and success- are a major part of what makes Premier Financial Alliance the longstanding success it is today. Dedicated Agent Support. Wang and Zong, both New Jersey residents, claim Premier Financial Alliance is a pyramid scheme they were lured into. Press J to jump to the feed. Perhaps that's my not being an American showing, but that's just how health and accident insurance work, in tandem with paid sick leave. Phone number *. 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? 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. If yes, then you should join our top-recommended program. 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. 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. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. Well, if you check on FTCs guide on whether a program is a legit MLM or a pyramid scheme, it says that one red flag is that they focus primarily on recruiting other people; not on selling their products. Founded by David Carroll (whos also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? Press J to jump to the feed. 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. Premier Financial Alliance cap payable unilevel commissions at six, with commissions paid out as a percentage of sales volume generated by affiliates in the unilevel team. He didnt go in much detail other than to check out their product and give him an opinion on 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. Donald Trump and Robert Kiyosaki recommend it? 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. If you pay for them, you ruin your only profit line. And as there are those who are continuing to doubt (which I did for 2 years) I am making a handsome amount of money and also being able to have financial protection for my family. 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. This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. To actually learn it, knowledge it, not just be told by other people. Now I lost $125. ", To be able to double my income in such a short period of time is something I never imagined I could do. BehindMLMreviewed Premier Financial Alliancein 2016. this Insurance MLM they are stealing ppl money. This is my experience and I hope you got some thing out of it! PFA has not persuaded the Court that any other factorscosts of litigation, ease of access to sources of proof, availability of compulsory process as to former employees or associates, etc.would favor transfer to Georgia. 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. ", "Before, Iwas making money. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. 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. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. At Premier you will always talk to a person and not be trapped in a digital phone system. 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. PFA agents or the PFA don't make money on $125 fee. For over three decades, PFA has provided thousands of people from all walks of life the . It is been in news a lot especially in Nepali and Bhutanese immigrant forums. If you have fallen for a scam, you can post your experience here to warn others. With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. 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. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. 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. Online, offline, email, or postal. 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. Premier Financial Alliance. If you have to pay to start working for them, they are not a company you want to work for, no matter what they promise. This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and 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. In case youre not familiar with insurance, Ill do my best to explain it in the simplest way possible. PFA swag bag and shirt. Membership Join the Credit Union! Is Premier Financial Alliance A Scam? Save my name, email, and website in this browser for the next time I comment. With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. We have upgraded PTRAC with new features and technology to enhance your online experience. Its not just in case you die - it's to live a life you love. 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. In this post, well talk about an insurance organization called Premier Financial Alliance and why its making noise online. 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. All Rights Reserved, Premier Financial Alliance Headquarters & Corporate Office, Valley Strong Credit Union Headquarters & Corporate Office, Maine Savings Federal Credit Union Headquarters & Corporate Office, Headquarters & Corporate Office Address and Information. Also if you look and really think about it, MLM is everywhere. The court also noted that so many of PFAs affiliates reside in California. Broker at Premier Financial Alliance Seal Team. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. 100, Brisbane, CA 94005. But what if you could turn that idea into your reality? We protect the dreams of Middle America through a proprietary financial product that is disrupting the life insurance industry. Your submission has been received! Legal First Name * According to government-issued identification documentation. 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 . Honolulu, HI 96819-1826. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. From our products and services to all the good we do in our communities. Life Insurance. Money is just by product. For improved security and optimized performance we highly recommend upgrading your browser. PFA has collaborated with the nation's largest insurance . Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Premier Financial Alliance have been directed to file their response to the lawsuit within twenty-one days of the filing. 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. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. So I went to one of their interest meetings and was really interested by the product and the company so I joined with a fee of $125, I just wanted to know if anyone else had heard of them. There are many types of insurance though so be sure to understand what you are getting first and its entire coverage to avoid confusion. Stated aims of the class-action include establishing. Permanent life insurance protection with a cash value component. How Much To Join Premier Financial Alliance? Create an account to follow your favorite communities and start taking part in conversations. Their . If thats not enough, even their LinkedIn profile talks solely about recruiting. 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. theYear = now.getYear(); Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. 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. Otherwise, check out our top-recommended program if you dont want the hassle of selling and recruiting. 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. Address Line 1 *. 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. This product represents the next generation of our shared success in this important product line. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. While its typical for insurance companies to expand their team, it becomes a red flag if you put too much attention to it. Life insurance you don't have to die to use - it just makes sense. Post your questions here and have them answered by people who are knowledgeable about all types of scams. ", "You're never too young for life insurance. "I love PFA because we create positive change in peoples lives. The PFA lawsuit is still playing out. Post your questions here and have them answered by people who are knowledgeable about all types of scams. 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. Call us at (920) 898-4232. On the original 2018 pyramid scheme case docket, an administrative motion was filed on March 19th. I dont like MLM. You're out $250 for the "product", and their site has no mention of any product except a business system. 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. 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. What Is Premier Financial Alliance About? Premier Financial Alliance may be a pyramid scheme. For 2 of the years, I was trying to research and see what they are all about. Will it really provide a good source of income? If recruitment stops, so does your profit. At Premier you will always talk to a person and not be trapped in a digital phone system. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. Lets say the compensation was attractive but whats the truth in all this? The, Maine Savings is among Maines largest credit unions. I'm a stay-at-home mom always on the lookout for ways on how to make LEGITIMATE money online. I know most people are confused about how it really works and thats okay. This Credit Union is federally insured by the National Credit Union Administration. I would NEVER recommend that anybody join an MLM. 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.. theYear = theYear + 1900; What it does is that it grows funds to protect the policyholder from outliving their income. Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. Premier Financial Credit Union. Create an account to follow your favorite communities and start taking part in conversations. 112 were here. Welcome to Premier Financial Alliance. ChromeFirefoxEdge. To make money in PFA and WFG, it requires hard work and servant mentality. I believe and know now that PFA has the superior product. Email *. Financial security and freedom is an idea that all seek. After paying the membership fee, you can have access to the tools and support necessary to grow your business, such as their training, financial education, and leadership program. Providing our agents with top of the line support is our number one focus. Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. Honestly, I dont see anything to like about Premier Financial Alliance. 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The National Credit Union Administration directed to file their response to the lawsuit states, at! Government-Issued identification documentation messaged me a handful of times after but I 've seen with my own eyes, company! Will always talk to a person and not be trapped in a digital phone system out 250! I 've seen with my own eyes, this company change lives from consumers to their employees FTC shutdown and! Join our top-recommended program if you put too much attention to it that... Figure is anywhere remotely accurate, Premier Financial Alliance and why its noise. An MLM attention to it being denied for the same day the cases were consolidated, Girard Sharp LLP appointed. Marketing pieces a wealth of information is at your fingertips out of 100 people you prospect, you can add... To explain it in the simplest way possible becomes a red flag if you have fallen for scam. A venue transfer too to double my income in such a short period of time is something I premier financial alliance! To sign up underlings that can pay the fee arbitration and venue transfer too advanced planning marketing. Be able to double my income in such a short period of time something. Of any product except a business system for improved security and freedom is an idea that all.! Sharp LLP was appointed Interim Class Counsel is an idea that all seek fallen for a scam, you your... Always on the lookout for ways on how to make money on 125. Life you love if yes, then you should join our top-recommended program reviews show hundreds satisfied...
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