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2.1 Based on 67 reviews
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  • Customers like
    • Knowledge on product 3
    • Leaving comfort zone 2
    • Wfg does not have a wfg financial product 2
  • Customers don't like
    • Dishonesty 10
    • Misleading sales tactics 9
    • Pyramid scheme 7

After over 5 years of paying $300 a month the amount paid is almost $20,000. The cash surrender value is less than $6,000. Where did all the money go? In the pockets of the sales agent. If you go into the office the office crew will gang up on you and tell you what a good investment it is because they ALL get a piece of the pie. Just remember this is not an investment. Expect that 50% of your premium goes to the... Read more

Was this review helpful? 14 3

HB Anon, for all your righteous high-flown talk about "...Loss of cash value ...never has been deceptive..." isn't it funny how so few people--including most of the WFG agents I’ve worked with--even know that? Funny that eh? Virtually NONE of the client-victims who bought this policy have ANY idea TA just KEEPS their cash value when they die. Our uplines sure didn't urge us to tell them! HB Anon. You just underscore the fact that the FFIUL is... Read more

Was this review helpful? 13 0

Loss of cash value upon death when option 1 has been selected, has always been the case, and is not deceptive. The insured has the option of selecting option 2, which insures the cash value, and includes it in the death benefit. This really boils down to cost control. Any additional face value developed by insuring the cash value will require higher premiums. One can look at the internal costs of term insurance within any policy, and they will... Read more

Was this review helpful? 2 12
World Financial Group - Transamerica *KEEPS* Your FFIUL Money When You Die
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A shocking dirty little secret of Universal Life policies: you LOSE all your policy's cash value when you croak. This is true of Transamerica’s Financial Foundation Indexed Universal Life (FFIUL) policy and all other xUL policies. Check out the two pages here. These are from a real FFIUL policy. An agent issued this last winter from a Northern California WFG office. Go to page 5 and read how the FFIUL defines “beneficiary.” That def makes clear... Read more

Was this review helpful? 12 0
World Financial Group - FFIUL: Transamerica *Keeps* All Your Money When You Die
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A shocking little-known fact of Universal Life (xUL) policies: you LOSE your policy's entire cash value when you die. This is true of Transamerica’s Financial Foundation Indexed Universal Life (FFIUL) policy and all other xUL policies. I attached two pages from an actual FFIUL policy for you to read. It was issued earlier this year from a WFG office in Northern California. Please see page 5 and read FFIUL's definition of “beneficiary.” That... Read more

Was this review helpful? 10 1

Red flags. I always get a feeling when I am told I am a perfect fit for a financial agent. How can that be? I worked in medical records and majored in psychology, not marketing, not finance. I got a call from a girl, then this call was backed up by an EDD representative. I asked outright, isn't this a scam? I received a text lecture, 3 paragraphs on how I shouldn't rely on negative internet blogs. I went to the function and shook hands with... Read more

Was this review helpful? 15 1

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... Read more

Was this review helpful? 25 4
World Financial Group - Buyer BEWARE!
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Notice how almost all customer complaints against WFG agents get denied? In the review yesterday, How WFGers RIP YOU OFF!, the author talks about looking up WFG agents in Finra’s BrokerCheck. If you think your WFG agent lied to you and cheated you, you may be forced to *arbitrate* to try to prove it. You don't want arbitration. You don't want to give up your right to a jury trial. Arbitration usually favors the company. Arbitration very often... Read more

Was this review helpful? 27 1
World Financial Group - Read This to Learn How WFGers RIP YOU OFF!
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In his “review” last week San Diego Anon oozes about “...a beautiful lifelong career…” It’s “beautiful” all right. IF you love to recruit everybody in sight and personally break pyramid scheme laws, exposing you to prosecution. IF you love to cheat folks them by selling them spendy very high-risk products like Transamerica’s Financial Foundation Indexed Universal Life (FFIUL) policy--leaving you wide open to legal action. The FFIUL is a... Read more

Was this review helpful? 29 3

too bad, you look at it in a negative way. You quit before you even started. If you look at their system and stay long enough, it could have changed your life and financial future, a beautiful lifelong career Read more

Was this review helpful? 2 41
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