World Financial Group Reviews

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World Financial Group Staff Review

Stay away from wfg don't touch it with a ten foot pole. If u wanna lose most of ur family and friends then this job is good for u cause all ur loved ones will stop answering ur phone calls. They r very good at selling u dreams and remember those r just dreams.
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ID
#714489 Review #714489 is a subjective opinion of poster.
Location
Surrey, British Columbia
Reason of review
Poor customer service

Would recommend staying away

So this used to be World Financial Group. Now Financial Revolution. My only experience is with three people who are part of this. One is quite sharp and he is constantly recruiting. Before he was part of World Financial, he and his wife proved to be very dishonest people. Just today spoke with a friend who is very sweet but not the brightest crayon in the box. I would not trust her ability to manage my mutual funds or have to have the discipline to read and understand life insurance enough to educate me on the ins and outs. The three people who are part of this company are not the most honest or brightest among my associates. Go to a qualified brokerage not this MLM thing.
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1 comment
#1045792

Better yet, don't go to a brokerage at all. You would be better off burying your money in the ground, or investing in food and fuel.

ID
#713797 Review #713797 is a subjective opinion of poster.
Location
Tustin, California
Reason of review
Bad quality

World Financial Group Work Experience Review from Calgary, Alberta

You are a captive sales agent who is fooled into believing you are an independent business owner. You realize when you want to leave that WFG owns your book of business and all your insurance renewals. It isn't until you leave that you realize WFG keeps more than 75% of your commissions and what is paid to WFG and what is "paid to the field" is quite different.
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2 comments
#1051903

They definitely don't keep any of the money that you make. The money your make is yours to keep.

its your money. that is if you have your license. you have to be licensed in whatever your state your in to make money.

that is LAW. this is a LEGIT business

#1144123
@PissedConsumer1051903

Anon, the OP is right. That tired "independent business owner" line is a lie.

You can’t advance in WFG without upline approval no matter how much you sell/recruit. WFG keeps your book of business if you leave.

Please quit fooling yourself and others. Thank you.

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ID
#713271 Review #713271 is a subjective opinion of poster.
Location
Calgary, Alberta
Reason of review
Problems with payment
First off, I am in Canada so the products and tax system are a bit different. I just talked to an "experienced" WFG rep who loves selling ULs to people saying they are the best product. This is the same person that thinks that TFSAs are "ok", and RRSPs "not really"....
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2 comments
#1051909

I read your story. You are right about using the money for food and other things that are more important.

The experience in any industry is key. In your daughter's case, the best option was to buy a term insurance for protection, at a low cost premium per month and once she get situated, than move on to other products when she is establish and ready to make more of a monthly commitment for her retirement. Not all WFG associates are the same, in every industry, weather insurance, brokers, real estate, attorney's, you just don't know who are you going to get to represent you. Overall, I think technology has made a major impact on all industries, we just don't do our homework and craft your skills as before.

Word of advise, do your research before purchasing or making any commitments and that goes for every industry.

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ID
#710062 Review #710062 is a subjective opinion of poster.
Location
Dallas, Texas
Wfg destroyed my marriage brainwashed my wife who spent thousands of dollars going to conventions and dinners for potential clients. Its a cult. Because of wfg, we are a broken family and our kids r suffering the most. Just stay away from this ***.
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7 comments
#1098864

WFG does not pay for food and hotel stay during convention.

Each agent is independent contractor. He/she pays for their own business expenses. WFG is a business.

Please know your facts before post.

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ID
#709260 Review #709260 is a subjective opinion of poster.
Location
Surrey, British Columbia

World Financial Group Work Experience Review

I had an awful experience with this company. I was being sold to join a team where I would then be charged to work for them and take exams. I have never had a job where you have to pay to work for them. I will tell everyone to stay away from this company.
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ID
#708497 Review #708497 is a subjective opinion of poster.
Location
Santa Monica, California
Reason of review
Bad quality

Wfg Life Insurance Review

They are cheater, they withdrawn money from my account without aproval life insurance.
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ID
#705104 Review #705104 is a subjective opinion of poster.
Location
Scarborough, Ontario
Reason of review
Problems with payment

Review in Finances category from El Monte, California

I will say if it's too good to be true it usually is but with that being said it definitely applying for this company quite the storyteller
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1 comment
#1071421

When I was invited by a stranger to come to the local WFG office, he made it sound really good. When I arrived at their office, they put me into a dark room with a loud sound system.

There were about 40 or 50 of us shoved into this crowded room. There was any direction or instructions. If was absolutely bizarre and offensive. At this point, I already had bad feelings about this company.

After about ten minutes, someone turned the lights and a lady gives a lame rah rah introduction about what the company does. This was red light warning number two. Are they actually oblivious to the negative vibes they send out? Next they had us separate into about four groups of ten and directed us into even smaller rooms.

They sent a spokes person to each of the rooms. All four of these spokes people were or had been professional or Olympic athletes. This was red light warning number 3. They must think people would be impressed by a former NBA player and become interested in joining such a cool company.....lol

Luckily for me, I've never been star struck.

I hammered this former NBA player (not giving out his name) for several minutes and he told me the company provides leads, which isn't exactly true. In fact, this is actually false... they may send you out with someone to help convince them. This is a typical tag team culture that exists in multi level marketing.

Finally, I was introduced to a manager who had his own office within their larger office. This is when they tried to close me on joining. They wanted $100 to do a criminal records check. I already have an insurance license and a series seven, so a criminal records check would be redundant.

I noticed there were only about three or four offices for managers. This was the fourth and final red warning light. They talk as if everyone can get to their level, but then why are there only three managers???

lol. They must really think people are ***...I never singed up.

ID
#704028 Review #704028 is a subjective opinion of poster.
Location
El Monte, California

World Financial Group Work Experience Review from Vancouver, British Columbia

I know the WFG system very well and I do not have a problem with "selling" products to family and friends IF THEY NEED IT. The problem with WFG is that these people who get a "fast start" are new to the financial world and don't know anything about the products, but by the time they are licensed they have had their friends sold these things and they have brought on more recruits doing the same. By the time they figure out there are better options than the UL (for 80% of people) they have two choices: leave the company and save face, or turn a blind eye and keep watching the money roll in. That being said, all the successful people in WFG who made a living with ULs are either not smart or creative enough to recommend the proper products for their clients, or just don't care because they don't have a reputation to protect. At the end of the day, it doesn't matter if WFG has the most products available to them because the greedy agents will always pick from the 3-4 money makers. This is why you don't see highly educated people do well, because they educate themselves about the financial products more than the uplines and have integrity. If I had stayed in WFG, I would have probably never met the person who was responsible for making sure I was doing the right thing for my clients, because this person did not work out of the office I was at. Do you see a problem with this? It took me a few weeks of learning about insurance and investments to realize that I probably already knew more about how these products worked than they did. In case you are wondering, I am currently still in the industry and fully licensed, and can sleep at night knowing I am doing the right thing for people.
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9 comments
#1140414

Great post Vancouver. Very well said.

#1096332

That's interesting! I just met an old friend who just started with WFG and selling me UL?

I was convinced it is a good product but I just to search more and then I found your post. What product do you have that is better than UL?

Thank you.

#1096505
@PissedConsumer1096332

50 hour course and an exam taken online is it, in other words they have no knowledge of the products.If they had a 2 year business course I would agree but a license that only takes a week to obtain is not enough in the real world.Most can't even speak English and you're telling me they can pass an exam and explain thoroughly what you are getting? Now everybody in your family gets this little course that skims products and they are now agents too and all of that in the same village where everybody is now financial experts?

Your old friend would have had more training as a cashier at Walmart than being a wfg financial agent...think about it! Yes researching online about a product is about the same experience they have...exept the pep talk rally seminars wfg gives them to get the family members and friends involved thinking they will all become rich.

#1097294
@PissedConsumer1096332

UL generates 8-10x the commission than the products used in "buy term invest the difference". Why, you ask?

Because this product transfers the risk from the insurance company to the consumer, because the company is guaranteed to make a sh*tload of money from this product, so they can afford paying the agents such high commissions. So while the commissions are being paid indirectly by the premiums in the first 2-3 years, this stunts growth in the "wonderful" investment portion of the policy. I don't know about you, but I would rather invest into something where it can start to grow right away.

I don't sell ULs but I know a lot more about how they work than any WFG rep who does (because I have educated myself more than just getting the license). Good for the agent though, that's why they try to recruit you so they can justify ripping you off by helping you make money by ripping other people off.

#1140417
@PissedConsumer1097294

Bingo!!

#1064873

Thanks for the honest comments. Will you be able to mentor in how to get the license and get in the insurance industry

Thanks

#1067091
@PissedConsumer1064873

Would be happy to! Email me at saynotowfg@***.com. Looking forward to hearing from you.

#1051371

Hello Insurance Sales Person,

I like you being upfront and honest, it is most important to me to know how the company works. Education of a product one has no problem in selling gives the buyer the trust which is needed. IF you say WFG is not the company to work for than I respect your opinion.

#1042062

I just started at this company. And I would like to work in it, but the right way, I don't want to find out I'm doing the wrong thing in the long run. Could you email me at caterinaa2020@***.com

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ID
#702440 Review #702440 is a subjective opinion of poster.
Location
Vancouver, British Columbia
My friend paid $100 and now my friend realizes this is a scam. But her brother and brother's supervisors are calling her daily and threatening. If it is a good product why the company World Financial Group harassing people to buy. I investigated and found a lot of...
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2 comments
#1096500
@PissedConsumer1096334

50 hour course and an exam taken online is it, in other words they have no knowledge of the products.If they had a 2 year business course I would agree but a license that only takes a week to obtain is not enough in the real world.Most can't even speak English and you're telling me they can pass an exam and explain thoroughly what you are getting? Now everybody in your family gets this little course that skims products and they are now agents too and all of that in the same village where everybody is now financial experts?

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ID
#701294 Review #701294 is a subjective opinion of poster.
Location
Toronto, Ontario
Cons
  • Scam
  • Bad scammer
Reason of review
harassing people

Review in Finances category from Fremont, California

Ok, it takes you 5 months to "being brainwashed"! Not too bad, some people are being brainwashed at much shorter time. Yes. WFG is not a new company, however they had changed their name to get rid of their "dirt" in the past. Yes, they are legal, however, they HAVE a SUPER NOTORIOUS reputation! Pissed customers site are being updated almost daily. Plus, the numerious lawsuits etc. I would say I am not even close to feeling comfortable by letting them to handle my hard earned money! Now, comman sense time...How long for a new restaurent to build up a business? I can understand if a new restaurent need to to look for more customers. As time passed, the truth will revealed. If their food is good, service is good, price is reasonable etc. Eventually you are expected to see people waiting in line. The owner not even need to "catch new customers"anymore. Now, how about WFG? In a party, from body language, I have seem people avoiding WFG agents like plaque, I do not remember seeing the same things happened to agents from other companies. I had also see WFG agents prey on people in a mall..What does all these tell me? They are NOT NEW, if they are really good as they mentioned, people should be waiting in line to join BY NOW!
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ID
#696794 Review #696794 is a subjective opinion of poster.
Location
Fremont, California

WFG

I have been with WFG since April 2015. At first, I have a lot of questions about this company. After five months, I finally understand more about the structure, and how the commission is being paid. It is absolutely legal. It is NOT a pyramid scheme. Pyramid schedme is illegal. The company has been around for many many years. If it is illegal, the government has already shut it down. All I ask you who was introduce to WFG to stay for at least 5 months before making any conclusion. People who make the conclusion after one or two visits clearly do not know enough about this company. I love WFG! The company provides training to run your business. You are hired as an independant contractor. This is your own business. The people who joined WFG is so helpful to another, more then the people I know from my church!
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5 comments
#1305725

My problem is people are commenting as "Anonymous". People are hiding and just bubbling away things that they have little understanding. "Anonymous," think cash value insurance is a rip-off.

#1306216
@Nikolas Tqa

Yeah, "ibisquera," if you're so hot on full disclosure and unmasking everybody, then tell us YOUR full name and what your actual deal is with WFG. Or kindly move along and quit bothering us. Thank you.

#1031797

You sell cash value, you rip people off with that.

#1037963
@PissedConsumer1031797

Kindly expound how cash value is a rip off?

#1112764
@PissedConsumer1037963

I didn't write that previous post, but I would be happy to show you many sources and articles why cash value is not right for 99% of people, here in Canada.

The situations where cash value is appropriate:

1) corporate policies - the premiums are paid with before tax dollars, so are tax deferred, making them equivalent to RRSP for an individual. This does not happen with a personal policy, as it is always paid with after tax dollars.

2) a family with a disabled child who will always need financial support.

3) an individual with multiple properties and no cash reserve for their estate, who will get the tax bill.

Now how many of WFG clients fit one of these situations?

1%? Even if they do, this is way beyond their capacity.

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ID
#696291 Review #696291 is a subjective opinion of poster.
Location
New York, New York
Reason of review
Good quality
My uneducated broke desperate Vietnamese girlfriend joined WFG 13 months ago (Fall 2014) in the Houston office. She was blinded and hypnotized by the bright lights and all the BS of the meetings and conventions. She thought she could be a success at their...
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13 comments
#1353349

Many will waste their time and money falling for the "Plan B", "you're making your boss rich" type of thinking. Keep it simple, keep your job, be content, work your 8-5, go home, chill and save your money.

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ID
#692791 Review #692791 is a subjective opinion of poster.
Location
Humble, Texas
Cons
  • Dishonesty
  • Misleading sales tactics
  • Wealth extraction
Reason of review
Poor customer service
I agreed. Shut down the wfg. By they way. WFG used to by WMA. World Marketing Allian. I was there 15 yrs ago joined 1 night. Paid the fees then got out. They got shut down from wma then changed it to wfg then got shut down again about 8 yrs ago. And now it's back...
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6 comments
#1052565

I wish I read these comment before they sucked the $100 out of me

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ID
#692284 Review #692284 is a subjective opinion of poster.
Location
San Jose, California
Reason of review
Pricing issue
Loss
$100
New Reviewer
People talk about pyramid schemes. But yet don't realize the their in going for a salary or hourly position. Do you get a chance to make commission off of each sale the company makes at those positions? Do you make commission off your own sale if you worked at retail,...
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7 comments
#1040694

Wfg is a scam

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ID
#691889 Review #691889 is a subjective opinion of poster.
Location
Oxnard, California