World Financial Group is a Scam

Jan 31, 2011
review #219081

World Financial Group is a straight up scam. First they ask you to come to a meeting about a possible job in the insurance industry. Then when you get there you see it is nothing about a job, but rather is a whole bunch of people hopping around and spouting off about how much money they make.

Secondly, you will be asked to make and appointment for an interview for a position with the company. This is not an interview, but really is a bulls*** session where they ask you about your life goals and then try to use those goals to trick you into giving them money.

Thirdly, they will ask you to come back for a training session. When you get to this supposed training session all you hear is more garbage about how much money you COULD make, how you need to pay them money for certification and a background check and fingerprints, and how you need to bring in three to five recruits a week.

This is not a job. This is a scam. Do not give the representatives of this company any money. If you need a job go interview with a company that does not ask you for money, or invest in an education for yourself.

I never once gave this company money. I went to three of their 'meetings' to see what they had to say. Never once did they offer any type of training. Never once. They did, however, ask for money each time.

In the meetings that were supposed to be training sessions they never gave insurance training of any type, no real information. They did love to tout how their affiliation with big name companies like Hartford was real. Good for them, but association with legitimate companies does not make them legitimate or any less of a scam.

The individuals who run these little meetings that are supposed to be training sessions love to repeat how their company is not a scam and is valid because they are in a heavily regulated industry. They love to claim that they have very few, if any, sanctions or fees brought against them for misconduct and misrepresentation.

This is simply not true. Lookup their company record, especially look up their company record under their previously listed company names. You will find many inconsistencies with their claims and find some to be outright lies. Wikipedia has great information on this.

My best advice to you, other than to NEVER give these people money, is to agree to go to some of their meetings. Go. Take notes so you can remember what to look up on the internet later on. Write down the claims that they make and check them out. Look up written opinions and financial reports on this company as you research them.

Be sure to read information that is FOR this company as well. You need to hear the good things people say about WFG. You need to read and hear their success stories and RESEARCH them. This will give you a better picture of how people are brainwashed into this company.

You will find that getting straight answers is extremely difficult. Seriously, go to a couple of their meetings and you will find out. Of course, don't tell them you are simply checking out their scam. Just go and listen. Check out EVERYTHING they say and claim.

They will also talk heavily of how so many people think their company is a scam and how these people are only naysayers who don't want to make money. Listen very carefully to how they speak about people who do not like the company and who try to prove it as a scam. They will give every excuse from people being vindictive and subversive, to people being lazy and not really wanting to make money.

But don't take my word for it. Go. Go to a series of these meetings. Take notes. Do not give them any money. Have a really good laugh at a really good scam.

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CC

Sep 22

I actually own the product and so do other people I know. I also know several people who are doing extremely well with the company. I think that it takes a small person to judge a company because there protocol is not the normal boring traditional boring corporate America way. If it does not work for you than fine ..... But how can you call something a scam if you don't own the product or never worked for the company???? As I tell my kids you can't share big dreams with small people!!!!

1 0 Reply
hahahathanksforthelaugh

Sep 22

the "wolf of wallstreet" sounded just like you, cc.
a scam is a scam is a scam. and anyone with an ounce of brain matter can see it from a mile away.

0 1 Reply
I_want_the_truth_about_WFG

Sep 25

QUESTION FOR hahahathanksforthelaugh, have you ever seen the products that WFG has to offer? have you ever seen or met with anyone from the company? I'm just trying to figure out how you claim this to be a scam? In a real scam, you get paid for recruiting, at WFG you do not. I understand that the representation was not good, asking someone to come in for an interview. From this one interview, is this making it a scam? Are the licensing a scam? Because from what I know you have to get licensed through the state. Also they do a back ground investigation, just to see how your criminal record is, if that person may have any felonies, misdemeanor charges, if they do, they can not be part of there team. Is AEGON a scam? What about TRANSMERICA? If you don't know who AEGON is, well they are the mother company of TRANSMERICA, and WFG... Oh yeah one more thing, why is it that every time I have read something negative about WFG, it seems as if it was written by the same person, just in different places online??? I would really like to learn more about WFG and how it's a scam, but with some real proof.. thank you...

0 0 Reply
hahahathanksforthelaugh

Sep 22

"product" my ***.
and it's "then", not "than". another tell tale sign of a scammer is they don't know how to spell or spell check their comments.

0 0 Reply
Mom

Jul 22 Riverside, California

My beautiful gorgeous 19 year old daughter who has a full time job and was in college was "recruited" at her place business.
A child that no longer speaks to her parents for being lazy and ***.
A child that never went without while growing up and had a bright future. With a 700 credit rating.
Now has over extended her credit cards to go to conventions and pay for licensing and now is looking to become an employee. Whom talks down to her employees and her customers because they are different types of people then her WFG counterparts.
Whom no longer speaks to her baby sisters that are in high school because they don't fit the WFG image.
I am appalled by this group.

1 0 Reply
hahahathanksforthelaugh

Sep 22

you'd better get your daughters old room ready for when she falls on her face and needs to move back home. and she will fall, and it will be hard. the proud are ALWAYS brought down to their knees before their fall.

0 0 Reply
TL

Jul 15

Ok, I'm just going to point out a few things this individual said which had me LAUGHING. First of all in your second sentence, he/she stated "about a possible job", STOP, ARE YOU DEAF OR DUMB, clearly WFG is a BUSINESS PLATFORM, if you been to THREE meetings, did your research correctly and still couldn't get that, WOW, you need help. Second "association with legitimate companies does not make them legitimate", WOAH read this to yourself, why would legitimate companies partner up with a shady company to begin with? Who do you take them for? And third "Wikipedia has great information on this." Ok... Wikipedia LOL I'm done. Nothing against Wikipedia but if you're basing a good portion of your facts off that, good luck. And there are so much more I can point out, but I think I made my point clear on how ignorant and uneducated this blogger is.

3 9 Reply
Anonymous

Jul 15

And, is any logical, thinking person suppose to believe you, as you sit there, apparently laughing, as you kept saying. Stop it. You look ridiculous. Go away. Go drink some more of the WFG koolaid, you puppet.
The OP may not have worded their posting, according to your liking, but they made their point. You, on the other hand, simply made the point that you are a giggly little girl.

5 1 Reply
hahahathanksforthelaugh

Sep 22

tl = arrogant a(s)(s). this company is full of them. stay clear and don't give them a red cent. it's a fkg pyramid scheme.

0 0 Reply
LifeIsAllAboutChoices

Jul 10

WFG is not a scam! How can it be a scam if you need to get licensed by the state? They don't ask for money! They will teach you how to save money! We can never say the right words to the wrong people. Maybe you just went there with a closed and negative mind.

4 6 Reply
Anonymous

Aug 07 Tempe, Arizona

I wonder if Bernie Madoff had a license hahahaha.
Seriously though, you cant figure out how this is a scam? Most importantly for the consumer?
Factor in inflation and how much is continuously lopped off the so called premium for yours and all the upline fees.
Karma would be if you were crazy enough to fall for their 'tax free bs'

1 0 Reply
Anonymous

Aug 09

let's just say it's not a scam but imbellishment.first the legit part is you make a bit of money selling insurance.you won't get 6 figures out of it if the part that makes you money is where you recruit people that will take your business....like owning a grocery store in a town of 500 and HELPING 3 to start helping them build grocery stores...well 4 grocery stores for 500 ok then those 3 need to get 3 each now you have 13 grocery stores in a town of 500 and then most of those die down(that's the insurance side).now all those people are tired and nobody wants to join your grocery store chain...that's the other part,where everybody makes money.well you've just killed your chances of making money by recruiting 12 other grocery store in your village.Nobody can survive and the only one making money is wfg as they are now everywhere with desperate people trying to recoup there money!

1 0 Reply
Pinestrade

Jul 03

Why do people so negative and judgemental? WFG is real. They don't ask to give your money or promise to give you money, For God sake ,Work for your money.

5 3 Reply
KrossT

Jun 30

The author of this article is obviously a lazy f*cktard. WFG is real and what the free services they provide is amazing. Nationwide, WRL, HIFE and several other milti-million dollar companies have EXCLUSIVE/Premium plans that are only available through WSB. WSB's production for Nationwide IUL's in 6 months surpasses what their ENTIRE company does in a year. Do you honestly think legitimate companies such as Nationwide is going to support let alone affiliate with a scam company?! DumbA$$

4 4 Reply
Pinestrade

Jul 03

Your right Krosst, people who wrote that comment is not only liar but a f.....king coward to hide his/her identity.

2 1 Reply
hahahathanksforthelaugh

Sep 22

pinestrade's grammar is horrible. and look at the name calling krosst is throwing out. another indication of the type of losers this company is made of. stay clear.

0 0 Reply
Jeff

Jun 12

I joined WFG a couple weeks ago and I am loving it so far. My mindset is that in-order to make money you have to spend money. Starting your own business costs money and the amount it cost to join and get licensed in WFG is very minimal compared to other businesses. The training I have gone through so far is perfect. Plus I am taking a class to prepare me to take the state exam and be certified to sell insurance. The class is not through WFG but through an accredited school. It is much more than just selling insurance. It is about giving people options towards their future and to be able to retire and live a good life, while helping yourself at the same time. People talk about how much money they make yes they do but they do that anywhere you go. I think some of the people there are a little stuck up while others are genuine and want to help others. There are bad and good people at any company. Yes go to a meeting and see what it is all about. They will talk to you to see if you want to be a client or an associate. Nothing wrong with that. It gives you an option. They do not force you into anything. Pyramid scams are illegal and do you think that companies like Nation Wide, Fidelity, AEG and many more would associate with WFG if thats' what they were? No. They have too much to lose. Again check out a meeting. Talk to different people there. Find someone that you can relate to and you get a good vibe from that you feel would be honest and not try to push you into anything. Sit... Show more

8 7 Reply
Shammed

Jun 02 Inglewood, California

I was in World Financial Group. I was feed the line that I can be "just a referral source." However, my direct would penalize me by letting my prospects fall by the waste side if I didn't follow the system exactly. Moreover, this loser would demand that I take him to HIS appointments and would never offer any money for gas. When I asked him about it he said that it is an "exchange" for being trained and that his time was worth $900 an hr if you calculated it. However he didn't own a car, lived in a shabby neighborhood and always seemed broke (or cheap he expected me to pick up the check).

7 0 Reply
John

Aug 09 San Diego, California

Wow! So many words of BS.
Did you call the police or FBI? If it's a scam they must be arrested & investigated, right?

2 2 Reply
realist

May 21

the people who make these negative comments are those who thought they were going to pay 100 dollars and start making thousands without doing any hard work.thats not real life

12 11 Reply

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