2.1K views
New Reviewer
20 comments
stars-rating-full stars-rating-full stars-rating-full stars-rating-full stars-rating-full
1.0

This is a terrible scam "company". They push people who joins them to let their relatives to buy Transamerica life insurance products, and leave you alone when you have no relative buying its life insurances. They use the so-call "3-3-30" to let you recruit other people to join them, and take advantage of other people commissions. They holds a so-call meeting to do "brain -wash" to let people become crazy. Money of them even don't know life insurance related regulations and laws. Most of them are non-english speaking, and their license testing cheating. Most of them even don't read words.

This is a totally scam organization that should be be stopped immediately.

If you don't believe what I said just join them to see if you like it or not.

Reason of review: Bad quality.

World Financial Group Cons: Bad company.

Location: New Orleans, Louisiana

Do You Have Something To Say ?
Write a review

Comments

chat-icon

Please avoid publishing any personal information and promotional content

You will be automatically registered on our site. Username and password will be sent to you via email.
Post Comment
Guest

Sounds like some of you have a case of pansyitis. Must have been rejected once got your feelings hurt and called it a scheme. Usually skeptics and broke people call it a scheme or pyramid.

Prudencio Zlt
reply icon Replying to comment of Guest-1227520

Hello again San Diego Anon. Once again you spew meaningless utterly fact-free drivel.

You give us no less--and no more--than what we've come to expect from WFG trolls who desperately scrabble everywhere for prospect-victims.

Fortunately Anon the reader will find plenty of very informative reviews on this site and elsewhere that serve up plenty of FACTS--including those from the industry itself. FACTS that collectively show that WFG is an awful predatory MLM that brings poverty and heartache to the vast majority of people who fall under its spell.

The careful sober reader will certainly be able to look past your insults and provocative schoolyard language and judge the matter for himself that he shouldn't waste a single minute more of his life with WFG. Thanks for reading and have a pleasant evening.

Guest
reply icon Replying to comment of Guest-1227520

Down votes and negative responses simply prove my point. Thank you.

Prudencio Zlt
reply icon Replying to comment of Guest-1227532

Anon. How you feel etc.

Your words and $2.50 still won't buy anyone a latte.

Nothing you've said even begins to show that WFG is anything but an absolutely terrible organization that ethical people should resolutely AVOID.

Thank you.

Guest

I was "hired " by this company . They took $100 like really ?

You're charging me for a freakin background check ?? Then they wanted to charge another $39.99 for an "employee id" . Like really ? Not only am I out $100.00 which I can get back on eBay but I'm out a few hours of my life .

Don't work for this company . Most businesses don't charge you for stuff .

If it sounds funny , it usually is . I ran from them.

Guest

I just lost my girlfriend to this Company. She told me she was joining and we fought about this company a few times...

I told her it was only I only was questioning her because I had her best interests...but she wasn't having it.

Very sad...I feel sorry for these people.

They are sold a dream yet lack the fundamental skills to actually work in such a profession.

Moreover, their practices are predatory and the consumer is ultimately left with the consequences.

Guest

Here in canada they call it wsb..or worldsystembuilder..more about building a pyramid scheme then selling insurance if you ask me!

They change the name to often to be legit.

Prudencio Zlt

Well, it's been five days. No answer from Troy MI WFG Anonytron to a super simply question on the FFIUL, WFG's "top" policy.

Looks more and more like the Troy MI Anon is yet another one of the zillions of WFGers who come here spewing vague happy smiley lies and utterly lack hard FACTS.

I'm shocked--SHOCKED!

When it comes to their products, the average WFGer is as d-uhmb as a box of rocks. They are impressively stoo-pid.

Either professionally.

Or by their natures. Or both.

Prudencio Zlt

Folks, Troy Michigan Anon lower down, he sure spins a sweet story, donโ€™t he? All about how you can do well at WFG โ€œserving the clientโ€ and โ€œ...

you donโ€™t have to recruit a soulโ€ฆโ€

Donโ€™t believe this garbage! If you donโ€™t โ€œrecruit a soulโ€ in WFG you donโ€™t get your 3/3/30. You are forever stuck at 25% commission. 35% if you donโ€™t mind kicking your morals to the curb and flog Transamericaโ€™s disastrous FFIUL slo-mo time-bomb to unsuspecting victims.

I wonder--how *** does Troy Anon think we are?

Folks, if you want to be an agent and you donโ€™t want to recruit your buns off, why not sign up with a non-MLM office? They pay you up to 70--80% of commission from your first day, not WFGโ€™s pathetic 25%. Even better, because that non-MLM office wonโ€™t expect you to always hunt for new recruits, youโ€™re more likely to find a veteran of the biz, a worthy mentor who can actually teach you about the *products.* So you can truly serve your clients. As Troy Anon claims he does.

But does he really?

Weโ€™ll see. In order to serve his clients, Troy Anon must actually understand the products he sells. Two days ago I asked Troy Anon here a very simple and basic question about Transamerica's FFIUL, one of WFGโ€™s โ€œtopโ€ products. Will Troy Anon ever answer it?

Or will Troy Anonโ€™s just another one of the zillions of WFGers who strafes these boards with bullsh*t-and-run attacks? And fails utterly to say anything of substance?

Guest

Date: 2016-08-29 11:24 GMT-04:00

Subject: Customer Mounir EL AZHARI: Not really interesting for a new customer of last February. Would you tell me what's happening again?

To:

My income of July 23rd is not received yet.

You were late to send me income of April 23rd and now you are late more and more.

I wonder if I should ask for a buy back...Not really interesting for a new customer of last February. Would you tell me what's happening again?

Mounir EL AZHARI

Mobile: +1 51* *** ****

Guest

So I am not posting anonymous on purpose, but I am not going to give this site my info. I am personally an agent with WFG.

I am sorry to hear your discontent with the company. I do want to clarify for the new people considering the company, that it is comprised of individual agents doing their own business. That being said, there will be bad agents. I for one have been doing this career for two years now, and have not experienced the negative commentary here.

Though, I will say in your defense, I have come across teams that are awful. They write for the numbers and not for what is in the best interest of the client. I can assure you that it is not across the board. I have wrote countless accounts that did NOT pay me well, but I did it for the client.

I don't scam people. I also don't recruit for a higher contract. Yes, you can recruit, and retire early.....but there is a 95% fail rate in the industry for the mlm part of it. You do not have to recruit a soul for your job.

You can work like a normal person and put your time in like a normal person. Just don't expect to be rich. I personally don't like to recruit people.

I have hired people here and there to help with my big accounts that handle group benefits and health benefits. I don't know the angry poster, but I want new readers to see an alternate response from someone who has a really positive view of the company.

Prudencio Zlt
reply icon Replying to comment of Guest-1205155

Troy MI Anon, quick question:

If you buy Transamerica's FFIUL from WFG and later on you die, can you pass on the Policy Value amount, along with the Death Benefit (minus policy loans), to your beneficiaries?

E.g. letโ€™s say you have a $500k Death Benefit, $100k total in the Basic and Index Accounts, and no loans against the FFIUL.

Do your beneficiaries get just the $500k Death Bennie?

Or do they also get the $100k of Policy Value for a total of $600k?

Thanks for your help Anon.

Guest
reply icon Replying to comment of Guest-1205155

You present yourself very well Michigan anon, but nonetheless there are very apparent problems and issues with your statement. Yes, I do agree with you that there will always be a set of bad agents or workers in any company or business.

However, you must question when there are too many bad agents compared to the good. WFG's business model strongly advocates and enhances very unethical behavior and unfortunately too many people commit those acts. There is very little reprimand for such behavior, therefore enabling this behavior to continue. WFG and its agents clearly recognize its bad reputation, yet very little or nothing is being done to fix these behaviors.

It is good that you try to do this business with good intentions and a positive view, but it is also healthy to question and research whether it is truly good for the client and even yourself. A lot of people on this site have issues with how policies like the FFIUL fails on the client if they choose to live a long life. Why would the FFIUL be good for the client if there are skyrocketing costs of COI later in life? Most people are being sold that the FFIUL is some retirement plan/insurance, or investment, but yet the numbers do not match up nor are they being properly shown these fees.

That is false advertisement. The illustration model fails to show clients the whole picture because it omits information. Please show me through actual calculations (using a normal calculator, not the illustration model) how something like the FFIUL can grow in value without being diminished by fees by the time the client becomes very old (ex. 70, 80, etc).

Just because you do it with good intentions does NOT mean you are doing the right thing by selling a rather toxic product. Also, the fact you admit there is a 95% fail rate due to WFG's MLM nature should concern you as an agent. The business model should concern you cause while yes you don't NEED to recruit, it should better benefit you as an agent who rarely recruits. A majority of compensation and income comes just recruiting or others.

It should compensate you much more for the work you're doing. You have to sell so much more (or extremely high value accounts) to match with those who simply recruit.

If anything, you can probably climb higher and sell non-toxic products to clients elsewhere. And while it is obviously your choice on what you choose to do, I believe you can take that talent elsewhere to better yourself and before WFG+IULs get targeted by the federal government for harmful policies and unsavory business practices.

Prudencio Zlt
reply icon Replying to comment of Guest-1205155

Troy Anon? Will we hear back from you?

Can you answer the FFIUL beneficiary question I asked you yesterday? Thank you.

Guest
reply icon Replying to comment of Guest-1205155

Stop being a fraud. You aren't in WFG to be a humanitarian, you are there to make money.

*** WFG and its mottos such as "building a financial future" or whatever it's called. Their college planning program is a joke, they charge you 500 bucks just to have a coach and open up an account! This business is filled with losers who are past the prime of their life and are trying to restart their career. They have this false sense of hope that WFG will make them a millionaire.

Ha!

WFG will just add more stress to your life and cause problems with your friends and family. Xuan Nguyen can't even *** speak English well and people worship him for no reason!

Guest

I get what you're saying but here's a word of advice if you really want people to take your review serious (please don't take offense; it's not my intent):

Please use grammar check or have someone proofread your writing. Specially if you generalize a huge population by basically calling them uneducated.

Guest
reply icon Replying to comment of Guest-1205081

Yet here you are probably another Wfg agent or recruit that is anon not concerned about how wfg scams people or has agents that are uneducated selling insurance and financial products and the only problem that you see is that they have poor grammar?? Not having education is a big RED FLAG..but not to WFG..that's not there concerns..problem is the customer being scammed by desperate uneducated people..that's the problem!

Guest
reply icon Replying to comment of Guest-1205081

The first post to your comment is correct and important to note. Also I would like to add that while the OP doesn't have the best grammar, their review is still understandable and addresses valid points. You should be more concerned about the content than the grammar at this point.

Prudencio Zlt
reply icon Replying to comment of Guest-1205081

School Marm Anon, please donโ€™t take offence, but I have advice for you. Please learn grammar before you attempt to instruct other folks on the same.

For example:

1) Your first phrase is a run-on sentence that doesnโ€™t even end in a period but a colon. It also contains a totally unnecessary semicolon. In short, your first phrase is too long and busy with punctuation. You lose the reader.

2) You say โ€œ...take your review serious..โ€ Instead, you should say โ€œ...take your review serious*LY*โ€ฆโ€ Itโ€™s an adverb, not an adjective.

3) You say: โ€œ...Specially if you generalize โ€ฆโ€ when you mean โ€œ...*E*specially if you generalize a huge populationโ€ฆโ€ Yes School Marm Anon, there really is a difference between โ€œspeciallyโ€ and โ€œespecially.โ€

Your assignment: Look up that last point.

And School Marm Anon?

Next time please resist tapping the Enter key before you make a horseโ€™s *ss out of yourself. Thank you.

Guest

I agree with you 100 %

What an uneducated bunch of losers

Most can't understand or speak good English let alone understanding what they are selling

Society's rejects

World Financial Group Reviews

  1. 108 reviews
  2. 9 reviews
  3. 11 reviews
  4. 6 reviews
  5. 32 reviews
World Financial Group reviews